Donaldson Capital Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 31, 2024), Donaldson Capital Management, LLC reported 209 stock positions worth $2.4 billion. Its top holding was Microsoft (MSFT) at 5.1% of the portfolio, followed by Apple (AAPL, 4.9%) and Broadcom (AVGO, 4.6%). Compared with Q1 2024, it opened 13 new positions, sold out of 9, added to 74 and reduced 100. The biggest buy was a new position in Extra Space Storage (EXR) and the biggest sale Bristol-Myers Squibb (BMY, shares −94%).
- Most Recent 13F
- Q2 2026
- Location
- EVANSVILLE, IN
- CIK
- 0001487438
- Portfolio Value
- $2.4B (Q2 2024)
- SEC Filing
- 0001487438-24-000003 ↗ filed Jul 31, 2024
Holdings Value
Holdings 209 stocks · $2.4B
| MSFT Microsoft Corp. | 5.09% | 271,193 | $121.2M | Reduce -1.5% |
| AAPL Apple Inc. | 4.87% | 550,714 | $116.0M | Reduce -0.0% |
| AVGO Broadcom Inc. | 4.58% | 67,968 | $109.1M | Reduce -2.0% |
| ICSH iShares Ultra Short Duration | 4.22% | 1,990,600 | $100.6M | Reduce -13.3% |
| COST Costco Wholesale Corp. | 3.74% | 104,959 | $89.2M | Reduce -1.1% |
| ABBV Abbvie Inc. | 3.35% | 464,969 | $79.8M | Reduce -1.8% |
| ACN Accenture PLC Class A | 3.11% | 244,411 | $74.2M | Add +6.5% |
| XOM Exxon Mobil Corp. | 2.91% | 603,188 | $69.4M | Reduce -0.3% |
| JPM JPMorgan Chase & Co. | 2.85% | 335,986 | $68.0M | Reduce -2.2% |
| HD Home Depot Inc. | 2.79% | 193,044 | $66.5M | Reduce -1.8% |
| TXN Texas Instruments Inc. | 2.61% | 319,879 | $62.2M | Reduce -1.8% |
| ALL Allstate Corp. | 2.61% | 389,186 | $62.1M | Reduce -11.1% |
| SOXX iShares Semiconductor ETF | 2.58% | 249,179 | $61.5M | Add +1.0% |
| MRK Merck & Co. Inc. | 2.53% | 487,390 | $60.3M | Add +2.1% |
| LMT Lockheed Martin Corp. | 2.42% | 123,673 | $57.8M | Reduce -0.0% |
| AFL Aflac Inc. | 2.40% | 640,060 | $57.2M | Reduce -0.8% |
| UNH Unitedhealth Group Inc. | 2.22% | 103,912 | $52.9M | Reduce -0.1% |
| MRSH Marsh & McLennan Cos | 2.08% | 235,228 | $49.6M | Add +7.5% |
| JNJ Johnson & Johnson | 2.07% | 336,852 | $49.2M | Reduce -0.6% |
| PAYX Paychex Inc. | 2.05% | 412,198 | $48.9M | Reduce -0.5% |
| NEE Nextera Energy Inc. | 2.02% | 678,557 | $48.0M | Reduce -1.1% |
| UNP Union Pacific Corp. | 1.98% | 208,987 | $47.3M | Reduce -0.5% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 1.87% | 386,200 | $44.5M | Add +0.1% |
| XLC SS Comm Select Sector SPDR | 1.84% | 510,675 | $43.7M | Add +3.0% |
| UPS United Parcel Service Class B | 1.72% | 299,640 | $41.0M | Reduce -1.7% |
| CME Cme Group Inc. | 1.71% | 207,921 | $40.9M | Add +0.5% |
| BLK BlackRock Finance Inc. | 1.67% | 50,569 | $39.8M | Reduce -2.3% |
| CVX Chevron Corp. | 1.62% | 246,906 | $38.6M | Reduce -1.8% |
| NOC Northrop Grumman Corp. | 1.41% | 77,043 | $33.6M | Reduce -1.6% |
| CSCO Cisco Systems Inc. | 1.35% | 677,912 | $32.2M | Reduce -0.9% |
| RTX RTX Corp. | 1.27% | 302,341 | $30.4M | Reduce -0.3% |
| PEP Pepsico Inc. | 1.27% | 182,888 | $30.2M | Reduce -0.1% |
| NEAR iShares SH Dba ETF Usd Inc. | 1.23% | 584,286 | $29.4M | Reduce -16.8% |
| EXR Extra Space Storage Inc. | 1.14% | 174,703 | $27.2M | New |
| LLY Eli Lilly & Co. | 0.99% | 26,053 | $23.6M | Add +1.6% |
| AMZN Amazon.com Inc. | 0.54% | 66,424 | $12.8M | Add +5.3% |
| GOOGL Alphabet Inc. Class A | 0.53% | 68,715 | $12.5M | Add +1.4% |
| ADP Automatic Data Processing | 0.49% | 49,077 | $11.7M | Add +1.9% |
| JPST JPMorgan Ultra-Short Income | 0.47% | 220,249 | $11.1M | Reduce -41.8% |
| V Visa Inc. Class A | 0.40% | 36,447 | $9.6M | Add +6.5% |
| MCO Moody's Corp. | 0.38% | 21,737 | $9.1M | Add +38.4% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.37% | 21,448 | $8.7M | Add +3.9% |
| VIG Vanguard Dividend Apprec ETF | 0.35% | 45,638 | $8.3M | Add +3.0% |
| MA Mastercard Inc. Class A | 0.34% | 18,480 | $8.2M | Add +9.7% |
| INTU Intuit Inc. | 0.33% | 11,821 | $7.8M | Add +4.0% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.32% | 70,500 | $7.6M | Reduce -0.2% |
| ORLY O'reilly Automotive Inc. | 0.29% | 6,519 | $6.9M | Add +4.0% |
| ECL Ecolab Inc. | 0.28% | 27,705 | $6.6M | Add +3.8% |
| SCHD Schwab US DVD Equity ETF | 0.27% | 82,777 | $6.4M | Add +1.3% |
| WM Waste Management Inc. | 0.26% | 28,572 | $6.1M | Add +2.9% |
| XLE SS Energy Select Sector | 0.24% | 63,144 | $5.8M | Reduce -16.5% |
| SCHG Schwab US Large-Cap Growth | 0.24% | 56,792 | $5.7M | Add +20.4% |
| ADBE Adobe Inc. | 0.23% | 9,845 | $5.5M | Reduce -32.5% |
| CPRT Copart Inc. | 0.22% | 95,519 | $5.2M | Reduce -0.1% |
| NVDA Nvidia Corp. | 0.22% | 41,603 | $5.1M | Add +1.6% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.21% | 13,396 | $5.0M | Reduce -2.8% |
| VLO Valero Energy Corp. | 0.20% | 30,734 | $4.8M | Reduce -24.2% |
| APD Air Products & Chemicals Inc. | 0.19% | 17,811 | $4.6M | Reduce -13.4% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.19% | 31,927 | $4.6M | Reduce -2.1% |
| MSCI MSCI Inc. | 0.19% | 9,252 | $4.5M | Add +6.8% |
| MTD Mettler-Toledo International | 0.18% | 3,114 | $4.4M | Add +7.7% |
| MSI Motorola Solutions Inc. | 0.18% | 11,018 | $4.3M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.17% | 7,524 | $4.1M | Add +1.2% |
| CDNS Cadence Design SYS Inc. | 0.17% | 13,273 | $4.1M | New |
| KNSL Kinsale Capital Group Inc. | 0.17% | 10,301 | $4.0M | Add +8.6% |
| CTAS Cintas Corp. | 0.16% | 5,597 | $3.9M | New |
| CMI Cummins Inc. | 0.16% | 13,863 | $3.8M | Reduce -5.6% |
| VYM Vanguard High DVD Yield ETF | 0.16% | 31,999 | $3.8M | Add +1.3% |
| TMO Thermo Fisher Scientific Inc. | 0.15% | 6,634 | $3.7M | Add +5.6% |
| NOBL Proshares S&P 500 Dividend A | 0.15% | 36,946 | $3.6M | Reduce -11.5% |
| HSY The Hershey Co. | 0.15% | 19,171 | $3.5M | Reduce -8.0% |
| ELV Elevance Health Inc. | 0.15% | 6,470 | $3.5M | Add +14.3% |
| MCD McDonald's Corp. | 0.15% | 13,660 | $3.5M | Reduce -14.1% |
| AMGN Amgen Inc. | 0.13% | 10,291 | $3.2M | Add +0.0% |
| CINF Cincinnati Financial Corp. | 0.13% | 26,662 | $3.1M | Reduce -1.7% |
| PGR Progressive Corp. | 0.13% | 15,014 | $3.1M | Add +8.4% |
| KO The Coca-Cola Co. | 0.13% | 48,575 | $3.1M | Reduce -0.9% |
| ABT Abbott Laboratories | 0.12% | 28,249 | $2.9M | Reduce -48.0% |
| LII Lennox International Inc. | 0.12% | 5,465 | $2.9M | Add +0.0% |
| AGG iShares Core U.S. Aggregate | 0.12% | 29,609 | $2.9M | Reduce -10.4% |
| TSM Taiwan Semiconductor-SP ADR | 0.11% | 15,675 | $2.7M | Add +2.6% |
| XLK SS Technology Select Sector | 0.11% | 12,023 | $2.7M | Add +0.7% |
| META Meta Platforms Inc. Class A | 0.11% | 5,386 | $2.7M | Add +17.9% |
| NFLX Netflix Inc. | 0.11% | 3,942 | $2.7M | Add +10.5% |
| MTUM iShares MSCI USA Momentum Fa | 0.11% | 12,912 | $2.5M | Reduce -14.2% |
| SCHB Schwab US Broad Market ETF | 0.10% | 39,743 | $2.5M | Add +7.3% |
| ERIE Erie Indemnity Company Class A | 0.10% | 6,535 | $2.4M | No change |
| COR Cencora Inc. | 0.10% | 10,387 | $2.3M | Reduce -1.2% |
| GOOG Alphabet Inc. Class C | 0.10% | 12,620 | $2.3M | Add +6.9% |
| HCA HCA Healthcare Inc. | 0.09% | 6,948 | $2.2M | Add +24.1% |
| MELI MercadoLibre Inc. | 0.09% | 1,327 | $2.2M | Add +18.0% |
| PG The Procter & Gamble Co. | 0.09% | 13,096 | $2.2M | Reduce -3.2% |
| SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC | 0.09% | 45,029 | $2.1M | Add +28.5% |
| RSG Republic Services Inc. | 0.09% | 10,675 | $2.1M | Reduce -6.9% |
| FLOT iShares Floating Rate Bond E | 0.08% | 39,033 | $2.0M | Add +17.6% |
| CSX CSX Corp. | 0.08% | 58,479 | $2.0M | Reduce -58.6% |
| NKE Nike Inc. Class B | 0.08% | 25,819 | $1.9M | Reduce -41.4% |
| BAB Invesco Taxable Municipal Bo | 0.08% | 73,226 | $1.9M | Reduce -24.4% |
| PDD PDD Holdings Inc. | 0.08% | 14,486 | $1.9M | New |
| PFF iShares Preferred & Income S | 0.08% | 60,302 | $1.9M | Reduce -3.2% |
Portfolio Sells Q1 2024 → Q2 2024
| BMY Bristol-Myers Squibb Co. | Reduce -93.7% | 0.07% | −1.37 |
| ICSH iShares Ultra Short Duration | Reduce -13.3% | 4.22% | −0.61 |
| ALL Allstate Corp. | Reduce -11.1% | 2.61% | −0.55 |
| HD Home Depot Inc. | Reduce -1.8% | 2.79% | −0.35 |
| JPST JPMorgan Ultra-Short Income | Reduce -41.8% | 0.47% | −0.33 |
| ABBV Abbvie Inc. | Reduce -1.8% | 3.35% | −0.24 |
| NEAR iShares SH Dba ETF Usd Inc. | Reduce -16.8% | 1.23% | −0.24 |
| UNP Union Pacific Corp. | Reduce -0.5% | 1.98% | −0.17 |
| JNJ Johnson & Johnson | Reduce -0.6% | 2.07% | −0.17 |
| UPS United Parcel Service Class B | Reduce -1.7% | 1.72% | −0.17 |
| NOC Northrop Grumman Corp. | Reduce -1.6% | 1.41% | −0.15 |
| CSX CSX Corp. | Reduce -58.6% | 0.08% | −0.14 |
| ABT Abbott Laboratories | Reduce -48.0% | 0.12% | −0.13 |
| VRSN Verisign Inc. | Sold out | 0.00% | −0.13 |
| BLK BlackRock Finance Inc. | Reduce -2.3% | 1.67% | −0.13 |
| EL Estee Lauder Companies Class A | Reduce -82.3% | 0.01% | −0.11 |
| CAT Caterpillar Inc. | Reduce -54.1% | 0.07% | −0.09 |
| NKE Nike Inc. Class B | Reduce -41.4% | 0.08% | −0.09 |
| VLO Valero Energy Corp. | Reduce -24.2% | 0.20% | −0.09 |
| CRM Salesforce Inc. | Sold out | 0.00% | −0.08 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.08 |
| ADBE Adobe Inc. | Reduce -32.5% | 0.23% | −0.08 |
| CSCO Cisco Systems Inc. | Reduce -0.9% | 1.35% | −0.07 |
| PEP Pepsico Inc. | Reduce -0.1% | 1.27% | −0.07 |
| PAYX Paychex Inc. | Reduce -0.5% | 2.05% | −0.07 |
| XLE SS Energy Select Sector | Reduce -16.5% | 0.24% | −0.06 |
| MCD McDonald's Corp. | Reduce -14.1% | 0.15% | −0.04 |
| CVX Chevron Corp. | Reduce -1.8% | 1.62% | −0.03 |
| NOBL Proshares S&P 500 Dividend A | Reduce -11.5% | 0.15% | −0.03 |
| BAB Invesco Taxable Municipal Bo | Reduce -24.4% | 0.08% | −0.03 |
| AYI Acuity Inc. | Sold out | 0.00% | −0.02 |
| HSY The Hershey Co. | Reduce -8.0% | 0.15% | −0.02 |
| WSO Watsco Inc. | Reduce -44.2% | 0.03% | −0.02 |
| CMI Cummins Inc. | Reduce -5.6% | 0.16% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -0.3% | 2.91% | −0.01 |
| IBM Intl Business Machines Corp. | Reduce -9.1% | 0.07% | −0.01 |
| APD Air Products & Chemicals Inc. | Reduce -13.4% | 0.19% | −0.01 |
| AGG iShares Core U.S. Aggregate | Reduce -10.4% | 0.12% | −0.01 |
| CPRT Copart Inc. | Reduce -0.1% | 0.22% | −0.01 |
| ORCL Oracle Corp. | Reduce -48.8% | 0.02% | −0.01 |
| DIS The Walt Disney Co. | Reduce -1.2% | 0.05% | −0.01 |
| SBUX Starbucks Corp. | Reduce -0.5% | 0.08% | −0.01 |
| JPM JPMorgan Chase & Co. | Reduce -2.2% | 2.85% | −0.01 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -14.2% | 0.11% | −0.01 |
| GVI iShares Intermediate Governm | Reduce -30.2% | 0.03% | −0.01 |
| MO Altria Group Inc. | Sold out | 0.00% | −0.01 |
| CVS CVS Health Corp. | Reduce -10.9% | 0.02% | −0.01 |
| AON Aon PLC Class A | Sold out | 0.00% | −0.01 |
| IBDP iShares Ibonds Dec 2024 Term | Sold out | 0.00% | −0.01 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.01 |
Portfolio Buys Q1 2024 → Q2 2024
| EXR Extra Space Storage Inc. | New | 1.14% | +1.14 |
| SOXX iShares Semiconductor ETF | Add +1.0% | 2.58% | +0.26 |
| MRSH Marsh & McLennan Cos | Add +7.5% | 2.08% | +0.20 |
| MSI Motorola Solutions Inc. | New | 0.18% | +0.18 |
| CDNS Cadence Design SYS Inc. | New | 0.17% | +0.17 |
| CTAS Cintas Corp. | New | 0.16% | +0.16 |
| LLY Eli Lilly & Co. | Add +1.6% | 0.99% | +0.16 |
| XLC SS Comm Select Sector SPDR | Add +3.0% | 1.84% | +0.15 |
| MCO Moody's Corp. | Add +38.4% | 0.38% | +0.13 |
| GOOGL Alphabet Inc. Class A | Add +1.4% | 0.53% | +0.10 |
| PDD PDD Holdings Inc. | New | 0.08% | +0.08 |
| AMZN Amazon.com Inc. | Add +5.3% | 0.54% | +0.06 |
| NVDA Nvidia Corp. | Add +1.6% | 0.22% | +0.06 |
| SCHG Schwab US Large-Cap Growth | Add +20.4% | 0.24% | +0.06 |
| SCHF Schwab Intl Equity ETF | New | 0.04% | +0.04 |
| SUB iShares Short-Term National | New | 0.03% | +0.03 |
| MEAR Ishrs Short Mat Muni Act ETF | Add +142.5% | 0.05% | +0.03 |
| MUB iShares National Muni Bond E | New | 0.03% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +2.6% | 0.11% | +0.03 |
| ELV Elevance Health Inc. | Add +14.3% | 0.15% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +76.1% | 0.05% | +0.02 |
| SCMB Schwab Municipal Bond ETF | New | 0.02% | +0.02 |
| SCHA Schwab US Small-Cap ETF | Add +63.9% | 0.06% | +0.02 |
| MTD Mettler-Toledo International | Add +7.7% | 0.18% | +0.02 |
| GOOG Alphabet Inc. Class C | Add +6.9% | 0.10% | +0.02 |
| META Meta Platforms Inc. Class A | Add +17.9% | 0.11% | +0.02 |
| NFLX Netflix Inc. | Add +10.5% | 0.11% | +0.02 |
| MELI MercadoLibre Inc. | Add +18.0% | 0.09% | +0.02 |
| SCHV Schwab US Large-Cap Value | New | 0.02% | +0.02 |
| ECL Ecolab Inc. | Add +3.8% | 0.28% | +0.02 |
| INTU Intuit Inc. | Add +4.0% | 0.33% | +0.02 |
| IJH iShares Core S&P Midcap ETF | New | 0.02% | +0.02 |
| HCA HCA Healthcare Inc. | Add +24.1% | 0.09% | +0.02 |
| HMOP Hartford Municipal Opp ETF | New | 0.02% | +0.02 |
| AMGN Amgen Inc. | Add +0.0% | 0.13% | +0.01 |
| FLOT iShares Floating Rate Bond E | Add +17.6% | 0.08% | +0.01 |
| VIG Vanguard Dividend Apprec ETF | Add +3.0% | 0.35% | +0.01 |
| SCHM Schwab US Mid Cap ETF | Add +25.8% | 0.07% | +0.01 |
| PGR Progressive Corp. | Add +8.4% | 0.13% | +0.01 |
| LII Lennox International Inc. | Add +0.0% | 0.12% | +0.01 |
| IWD iShares Russell 1000 Value E | New | 0.01% | +0.01 |
| SCHB Schwab US Broad Market ETF | Add +7.3% | 0.10% | +0.01 |
| XLK SS Technology Select Sector | Add +0.7% | 0.11% | +0.01 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.2% | 0.17% | +0.01 |
| WM Waste Management Inc. | Add +2.9% | 0.26% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +61.4% | 0.02% | +0.01 |
| PFE Pfizer Inc. | Add +16.1% | 0.05% | +0.01 |
| QQQ Invesco QQQ Trust Series 1 | Add +28.0% | 0.02% | +0.01 |
| SGI Somnigroup International Inc. | Add +28.5% | 0.09% | +0.01 |
| WMT Walmart Inc. | Add +0.1% | 0.05% | +0.01 |
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 |