Donaldson Capital Management, LLC
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 5, 2026), Donaldson Capital Management, LLC reported 309 stock positions worth $3.5 billion. Its top holding was iShares Semiconductor ETF (SOXX) at 5.6% of the portfolio, followed by Karman (KRMN, 5.0%) and Apple (AAPL, 4.9%). Compared with Q1 2026, it opened 86 new positions, sold out of 11, added to 139 and reduced 61. The biggest buy was iShares Semiconductor ETF (SOXX, shares +1%) and the biggest sale SS Comm Select Sector SPDR (XLC, shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- EVANSVILLE, IN
- CIK
- 0001487438
- Portfolio Value
- $3.5B (Q2 2026)
- SEC Filing
- 0001487438-26-000004 ↗ filed Aug 5, 2026
Holdings Value
Holdings 309 stocks · $3.5B
| SOXX iShares Semiconductor ETF | 5.59% | 304,880 | $195.4M | Add +1.1% |
| KRMN Karman Holdings Inc. | 5.00% | 3,501,433 | $174.8M | No change |
| AAPL Apple Inc. | 4.90% | 592,203 | $171.4M | Add +4.7% |
| AVGO Broadcom Inc. | 4.76% | 440,150 | $166.3M | Reduce -11.4% |
| ABBV Abbvie Inc. | 3.50% | 485,608 | $122.2M | Add +0.7% |
| MSFT Microsoft Corp. | 3.06% | 286,452 | $106.9M | Add +3.3% |
| LLY Eli Lilly & Co. | 3.04% | 88,678 | $106.4M | Add +19.9% |
| MRK Merck & Co. Inc. | 2.94% | 798,673 | $102.6M | Add +1.7% |
| JPM JPMorgan Chase & Co. | 2.81% | 300,144 | $98.2M | Reduce -12.3% |
| ICSH iShares Ultra Short Duration | 2.47% | 1,708,669 | $86.4M | Reduce -11.3% |
| COST Costco Wholesale Corp. | 2.23% | 83,221 | $77.9M | Reduce -0.1% |
| MS Morgan Stanley | 2.17% | 362,259 | $75.7M | Reduce -21.9% |
| RTX RTX Corp. | 2.13% | 393,318 | $74.6M | Add +2.2% |
| XLC SS Comm Select Sector SPDR | 2.10% | 684,191 | $73.3M | Reduce -40.1% |
| C Citigroup Inc. | 1.98% | 494,972 | $69.3M | Reduce -15.8% |
| WSO Watsco Inc. | 1.98% | 166,210 | $69.3M | Add +2.2% |
| GS Goldman Sachs Group Inc. | 1.96% | 67,621 | $68.4M | Reduce -9.9% |
| HD Home Depot Inc. | 1.94% | 192,060 | $67.7M | Reduce -0.1% |
| FAST Fastenal Co. | 1.93% | 1,405,001 | $67.5M | Add +0.2% |
| KMB Kimberly-Clark Corp. | 1.68% | 534,439 | $58.7M | New |
| MCD McDonald's Corp. | 1.64% | 211,809 | $57.3M | Add +0.3% |
| PAYX Paychex Inc. | 1.63% | 581,263 | $57.2M | Add +4.6% |
| GD General Dynamics Corp. | 1.62% | 160,334 | $56.8M | Add +2.7% |
| O Realty Income Corp. | 1.60% | 904,917 | $56.1M | New |
| WEC WEC Energy Group Inc. | 1.50% | 447,934 | $52.3M | Add +1.3% |
| LIN Linde PLC | 1.34% | 90,209 | $46.8M | Add +21902.2% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 1.34% | 411,196 | $46.7M | Add +2.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.31% | 163,449 | $46.0M | Add +3.5% |
| ETN Eaton Corp. PLC | 1.17% | 95,802 | $40.8M | Add +34.5% |
| XEL Xcel Energy Inc. | 1.15% | 501,050 | $40.2M | Add +3.6% |
| COR Cencora Inc. | 1.11% | 137,253 | $38.8M | Reduce -0.6% |
| CTAS Cintas Corp. | 0.96% | 196,783 | $33.5M | Reduce -0.3% |
| CVX Chevron Corp. | 0.95% | 199,588 | $33.1M | Add +2.6% |
| SCHG Schwab US Large-Cap Growth | 0.91% | 937,247 | $31.7M | Add +10.4% |
| OKE Oneok Inc. | 0.87% | 351,817 | $30.6M | Add +1389.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.74% | 34,414 | $25.7M | Add +538.2% |
| GOOGL Alphabet Inc. Class A | 0.67% | 65,689 | $23.5M | Add +0.8% |
| XOM Exxon Mobil Corp. | 0.67% | 170,770 | $23.3M | Add +70.3% |
| CMI Cummins Inc. | 0.64% | 31,284 | $22.3M | Add +165.9% |
| NEAR iShares SH Dba ETF Usd Inc. | 0.55% | 382,732 | $19.4M | Reduce -7.1% |
| JPST JPMorgan Ultra-Short Income | 0.55% | 381,370 | $19.3M | Reduce -10.1% |
| AMZN Amazon.com Inc. | 0.55% | 80,609 | $19.2M | Reduce -3.6% |
| NVDA Nvidia Corp. | 0.52% | 91,384 | $18.3M | Add +4.3% |
| VIG Vanguard Dividend Apprec ETF | 0.50% | 73,531 | $17.4M | Add +54.0% |
| V Visa Inc. Class A | 0.46% | 47,002 | $16.1M | Add +1.5% |
| AGG iShares Core U.S. Aggregate | 0.42% | 149,048 | $14.8M | Add +0.8% |
| MA Mastercard Inc. Class A | 0.42% | 28,445 | $14.6M | Add +14.2% |
| MU Micron Technology Inc. | 0.41% | 12,389 | $14.3M | Reduce -42.8% |
| MCO Moody's Corp. | 0.41% | 31,506 | $14.3M | Add +5.8% |
| VOO Vanguard S&P 500 ETF | 0.39% | 20,019 | $13.7M | Add +6.5% |
| TSM Taiwan Semiconductor-SP ADR | 0.39% | 28,373 | $13.6M | Add +7.8% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.37% | 119,901 | $13.1M | Reduce -0.2% |
| ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV | 0.35% | 6,207 | $12.3M | Add +3116.1% |
| SQS Sapient Quality Select ETF | 0.33% | 408,871 | $11.4M | New |
| IBKR Interactive Brokers Gro Class A | 0.31% | 126,088 | $11.0M | Add +0.9% |
| VRT Vertiv Holdings Co. Class A | 0.30% | 31,815 | $10.7M | New |
| XLK SS Technology Select Sector | 0.30% | 55,751 | $10.6M | Reduce -10.2% |
| UBER Uber Technologies Inc. | 0.30% | 145,960 | $10.5M | Add +18.2% |
| MELI MercadoLibre Inc. | 0.30% | 6,155 | $10.4M | Add +20.9% |
| META Meta Platforms Inc. Class A | 0.30% | 18,526 | $10.4M | Add +21.4% |
| IJH iShares Core S&P Midcap ETF | 0.29% | 133,542 | $10.3M | Add +4.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.29% | 20,573 | $10.3M | Add +55.6% |
| APP AppLovin Corp. Class A | 0.28% | 18,904 | $9.7M | Reduce -9.5% |
| JNJ Johnson & Johnson | 0.28% | 37,882 | $9.6M | Add +10.0% |
| CSCO Cisco Systems Inc. | 0.27% | 79,855 | $9.4M | Add +1.4% |
| SCHD Schwab US DVD Equity ETF | 0.27% | 294,746 | $9.3M | Add +5.0% |
| LMT Lockheed Martin Corp. | 0.24% | 16,371 | $8.3M | Reduce -3.8% |
| VYM Vanguard High DVD Yield ETF | 0.23% | 50,346 | $8.0M | Add +52.8% |
| NEE Nextera Energy Inc. | 0.23% | 89,801 | $7.9M | Reduce -1.2% |
| SCHB Schwab US Broad Market ETF | 0.21% | 253,497 | $7.3M | Add +14.8% |
| ALL Allstate Corp. | 0.21% | 30,832 | $7.3M | Reduce -6.7% |
| ADP Automatic Data Processing | 0.20% | 30,775 | $6.9M | Reduce -8.6% |
| BLK BlackRock Inc. | 0.20% | 7,108 | $6.8M | Reduce -3.3% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.19% | 77,583 | $6.7M | Reduce -0.2% |
| CAT Caterpillar Inc. | 0.19% | 6,248 | $6.7M | Add +53.1% |
| AFL Aflac Inc. | 0.17% | 49,632 | $5.8M | Reduce -5.9% |
| IWM iShares Russell 2000 ETF | 0.16% | 18,627 | $5.6M | Add +752.9% |
| PCAR Paccar Inc. | 0.16% | 46,130 | $5.5M | Reduce -90.5% |
| IJR iShares Core S&P Small-Cap E | 0.16% | 36,629 | $5.4M | Add +2.1% |
| ORLY O'reilly Automotive Inc. | 0.14% | 51,509 | $4.7M | Reduce -16.5% |
| TXN Texas Instruments Inc. | 0.13% | 15,341 | $4.6M | Add +0.2% |
| MEAR Ishrs Short Mat Muni Act ETF | 0.13% | 89,475 | $4.5M | Add +11.8% |
| ECL Ecolab Inc. | 0.13% | 16,048 | $4.5M | Reduce -13.2% |
| VLO Valero Energy Corp. | 0.12% | 16,262 | $4.2M | Reduce -9.2% |
| GOOG Alphabet Inc. Class C | 0.12% | 11,836 | $4.2M | Add +8.7% |
| BMY Bristol-Myers Squibb Co. | 0.12% | 71,766 | $4.1M | Add +10.4% |
| CINF Cincinnati Financial Corp. | 0.12% | 21,752 | $4.0M | Reduce -0.4% |
| APH Amphenol Corp. Class A | 0.12% | 22,795 | $4.0M | Reduce -14.0% |
| IVV iShares Core S&P 500 ETF | 0.11% | 5,092 | $3.8M | Reduce -1.9% |
| PFF iShares Preferred & Income S | 0.10% | 119,999 | $3.7M | Add +124.5% |
| APD Air Products & Chemicals Inc. | 0.10% | 11,802 | $3.5M | Add +12.7% |
| SPLV Invesco S&P 500 Low Volatili | 0.09% | 44,147 | $3.3M | New |
| AMAT Applied Materials Inc. | 0.09% | 4,536 | $3.3M | New |
| BAB Invesco Taxable Municipal Bo | 0.09% | 121,970 | $3.3M | Add +0.6% |
| CME Cme Group Inc. | 0.09% | 14,803 | $3.3M | Reduce -17.6% |
| AMGN Amgen Inc. | 0.09% | 8,641 | $3.1M | Add +3.9% |
| KO The Coca-Cola Co. | 0.09% | 37,294 | $3.0M | Add +5.2% |
| SCHF Schwab Intl Equity ETF | 0.09% | 107,988 | $3.0M | Add +20.6% |
| NOC Northrop Grumman Corp. | 0.08% | 5,732 | $2.9M | Reduce -6.6% |
| SO The Southern Co. | 0.08% | 29,606 | $2.8M | Add +14.6% |
Options reported separately and not counted above: QQQ puts ($4.4M), NVDA puts ($780K).
Portfolio Sells Q1 2026 → Q2 2026
| XLC SS Comm Select Sector SPDR | Reduce -40.1% | 2.10% | −2.01 |
| PCAR Paccar Inc. | Reduce -90.5% | 0.16% | −1.66 |
| ICSH iShares Ultra Short Duration | Reduce -11.3% | 2.47% | −0.69 |
| COST Costco Wholesale Corp. | Reduce -0.1% | 2.23% | −0.46 |
| JPM JPMorgan Chase & Co. | Reduce -12.3% | 2.81% | −0.45 |
| MS Morgan Stanley | Reduce -21.9% | 2.17% | −0.31 |
| COR Cencora Inc. | Reduce -0.6% | 1.11% | −0.29 |
| LPLA LPL Financial Holdings Inc. | Sold out | 0.00% | −0.28 |
| MKL Markel Group Inc. | Sold out | 0.00% | −0.26 |
| SGI Somnigroup International Inc. | Sold out | 0.00% | −0.26 |
| HDB HDFC Bank Ltd.-ADR | Sold out | 0.00% | −0.24 |
| AVGO Broadcom Inc. | Reduce -11.4% | 4.76% | −0.23 |
| C Citigroup Inc. | Reduce -15.8% | 1.98% | −0.18 |
| JPST JPMorgan Ultra-Short Income | Reduce -10.1% | 0.55% | −0.14 |
| CTAS Cintas Corp. | Reduce -0.3% | 0.96% | −0.12 |
| NEAR iShares SH Dba ETF Usd Inc. | Reduce -7.1% | 0.55% | −0.12 |
| HD Home Depot Inc. | Reduce -0.1% | 1.94% | −0.11 |
| GS Goldman Sachs Group Inc. | Reduce -9.9% | 1.96% | −0.10 |
| LMT Lockheed Martin Corp. | Reduce -3.8% | 0.24% | −0.09 |
| ACN Accenture PLC Class A | Reduce -17.3% | 0.08% | −0.09 |
| CME Cme Group Inc. | Reduce -17.6% | 0.09% | −0.08 |
| NOC Northrop Grumman Corp. | Reduce -6.6% | 0.08% | −0.05 |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | Reduce -0.2% | 0.37% | −0.05 |
| ORLY O'reilly Automotive Inc. | Reduce -16.5% | 0.14% | −0.05 |
| NEE Nextera Energy Inc. | Reduce -1.2% | 0.23% | −0.05 |
| BLK BlackRock Inc. | Reduce -3.3% | 0.20% | −0.03 |
| ECL Ecolab Inc. | Reduce -13.2% | 0.13% | −0.03 |
| MSI Motorola Solutions Inc. | Reduce -19.3% | 0.06% | −0.03 |
| ADP Automatic Data Processing | Reduce -8.6% | 0.20% | −0.02 |
| VLO Valero Energy Corp. | Reduce -9.2% | 0.12% | −0.02 |
| ROL Rollins Inc. | Reduce -18.9% | 0.03% | −0.02 |
| PEP Pepsico Inc. | Reduce -2.7% | 0.06% | −0.02 |
| AFL Aflac Inc. | Reduce -5.9% | 0.17% | −0.02 |
| INTU Intuit Inc. | Sold out | 0.00% | −0.02 |
| AZO AutoZone Inc. | Reduce -27.2% | 0.03% | −0.02 |
| AMZN Amazon.com Inc. | Reduce -3.6% | 0.55% | −0.01 |
| SUB iShares Short-Term National | Sold out | 0.00% | −0.01 |
| WHR Whirlpool Corp. | Sold out | 0.00% | −0.01 |
| MCK McKesson Corp. | Sold out | 0.00% | −0.01 |
| ALL Allstate Corp. | Reduce -6.7% | 0.21% | −0.01 |
| TM Toyota Motor Corp. -Spon ADR | Sold out | 0.00% | −0.01 |
| DHR Danaher Corp. | Sold out | 0.00% | −0.01 |
| IAU iShares Gold Trust | Sold out | 0.00% | −0.01 |
| MRSH Marsh & McLennan Cos | Reduce -0.2% | 0.03% | −0.00 |
| NOBL Proshares S&P 500 Dividend A | Reduce -2.5% | 0.05% | −0.00 |
| MSCI MSCI Inc. | Reduce -4.2% | 0.03% | −0.00 |
| FDX FedEx Corp. | Reduce -12.0% | 0.01% | −0.00 |
| CPRT Copart Inc. | Reduce -2.4% | 0.01% | −0.00 |
| UNP Union Pacific Corp. | Reduce -6.4% | 0.03% | −0.00 |
| GSLC Goldman Activebeta US LC ETF | Reduce -9.7% | 0.02% | −0.00 |
Portfolio Buys Q1 2026 → Q2 2026
| SOXX iShares Semiconductor ETF | Add +1.1% | 5.59% | +2.38 |
| KMB Kimberly-Clark Corp. | New | 1.68% | +1.68 |
| O Realty Income Corp. | New | 1.60% | +1.60 |
| LIN Linde PLC | Add +21902.2% | 1.34% | +1.33 |
| LLY Eli Lilly & Co. | Add +19.9% | 3.04% | +0.84 |
| OKE Oneok Inc. | Add +1389.5% | 0.87% | +0.81 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +538.2% | 0.74% | +0.62 |
| CMI Cummins Inc. | Add +165.9% | 0.64% | +0.43 |
| ASML ASML Holding NV-NY Reg SHS | Add +3116.1% | 0.35% | +0.34 |
| ETN Eaton Corp. PLC | Add +34.5% | 1.17% | +0.34 |
| SQS Sapient Quality Select ETF | New | 0.33% | +0.33 |
| VRT Vertiv Holdings Co. Class A | New | 0.30% | +0.30 |
| AAPL Apple Inc. | Add +4.7% | 4.90% | +0.25 |
| TROW T Rowe Price Group Inc. | Add +2.7% | 1.34% | +0.17 |
| VIG Vanguard Dividend Apprec ETF | Add +54.0% | 0.50% | +0.17 |
| IWM iShares Russell 2000 ETF | Add +752.9% | 0.16% | +0.14 |
| XOM Exxon Mobil Corp. | Add +70.3% | 0.67% | +0.12 |
| SCHG Schwab US Large-Cap Growth | Add +10.4% | 0.91% | +0.11 |
| TSM Taiwan Semiconductor-SP ADR | Add +7.8% | 0.39% | +0.10 |
| ABBV Abbvie Inc. | Add +0.7% | 3.50% | +0.10 |
| CAT Caterpillar Inc. | Add +53.1% | 0.19% | +0.10 |
| SPLV Invesco S&P 500 Low Volatili | New | 0.09% | +0.09 |
| AMAT Applied Materials Inc. | New | 0.09% | +0.09 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +55.6% | 0.29% | +0.09 |
| IBM Intl Business Machines Corp. | Add +3.5% | 1.31% | +0.07 |
| VICR Vicor Corp. | New | 0.07% | +0.07 |
| STX Seagate Technology Holdings | New | 0.07% | +0.07 |
| CSCO Cisco Systems Inc. | Add +1.4% | 0.27% | +0.07 |
| VYM Vanguard High DVD Yield ETF | Add +52.8% | 0.23% | +0.07 |
| GOOGL Alphabet Inc. Class A | Add +0.8% | 0.67% | +0.06 |
| WSO Watsco Inc. | Add +2.2% | 1.98% | +0.06 |
| FDLO Fidelity Low Volat Fact ETF | New | 0.06% | +0.06 |
| MOAT Vaneck Morningstar Wide Moat | New | 0.06% | +0.06 |
| DAN Dana Inc. | New | 0.05% | +0.05 |
| PFF iShares Preferred & Income S | Add +124.5% | 0.10% | +0.05 |
| QQQ Invesco QQQ Trust Series 1 | Add +127.2% | 0.07% | +0.04 |
| IBKR Interactive Brokers Gro Class A | Add +0.9% | 0.31% | +0.04 |
| DE Deere & Co. | Add +321.4% | 0.05% | +0.04 |
| TXN Texas Instruments Inc. | Add +0.2% | 0.13% | +0.03 |
| INTC Intel Corp. | New | 0.03% | +0.03 |
| SCHB Schwab US Broad Market ETF | Add +14.8% | 0.21% | +0.03 |
| VOO Vanguard S&P 500 ETF | Add +6.5% | 0.39% | +0.03 |
| EMR Emerson Electric Co. | Add +171.4% | 0.05% | +0.03 |
| NVDA Nvidia Corp. | Add +4.3% | 0.52% | +0.03 |
| RIO Rio Tinto PLC-Spon ADR | New | 0.03% | +0.03 |
| PH Parker Hannifin Corp. | New | 0.03% | +0.03 |
| ITW Illinois Tool Works | New | 0.03% | +0.03 |
| XLY SS Consumer Disc Select Sect | New | 0.03% | +0.03 |
| GLD SPDR Gold Shares | Add +406.4% | 0.03% | +0.03 |
| TD Toronto-Dominion Bank | Add +19.9% | 0.08% | +0.02 |
Options Activity Q1 2026 → Q2 2026
| NVDA Nvidia Corp. | put | New | 3,900 | $780K |
| IWF iShares Russell 1000 Growth | put | Sold out | 2,800 | $298Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 309 | $3.5B | SOXX, KRMN, AAPL, AVGO, ABBV |
| Q1 2026 | 233 | $3.1B | KRMN, AVGO, AAPL, XLC, ABBV |
| Q4 2025 | 231 | $3.1B | KRMN, AVGO, AAPL, XLC, MSFT |
| Q3 2025 | 232 | $3.2B | KRMN, AVGO, AAPL, MSFT, XLC |
| Q2 2025 | 212 | $2.7B | AVGO, MSFT, AAPL, XLC, ICSH |
| Q1 2025 | 221 | $2.6B | AAPL, ICSH, MSFT, ABBV, XLC |
| Q4 2024 | 213 | $2.6B | AAPL, AVGO, MSFT, ICSH, ACN |
| Q3 2024 | 214 | $2.6B | AAPL, AVGO, MSFT, ICSH, ABBV |
| Q2 2024 | 209 | $2.4B | MSFT, AAPL, AVGO, ICSH, COST |
| Q1 2024 | 205 | $2.4B | ICSH, MSFT, AAPL, AVGO, ABBV |