Donaldson Capital Management, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 7, 2025), Donaldson Capital Management, LLC reported 213 stock positions worth $2.6 billion. Its top holding was Apple (AAPL) at 5.3% of the portfolio, followed by Broadcom (AVGO, 5.2%) and Microsoft (MSFT, 4.4%). Compared with Q3 2024, it opened 11 new positions, sold out of 12, added to 114 and reduced 71. The biggest buy was Morgan Stanley (MS, shares +2382%) and the biggest sale Johnson & Johnson (JNJ, shares −82%).
- Most Recent 13F
- Q2 2026
- Location
- EVANSVILLE, IN
- CIK
- 0001487438
- Portfolio Value
- $2.6B (Q4 2024)
- SEC Filing
- 0002035219-25-000003 ↗ filed Feb 7, 2025
Holdings Value
Holdings 213 stocks · $2.6B
| AAPL Apple Inc. | 5.32% | 556,872 | $139.5M | Add +0.3% |
| AVGO Broadcom Inc. | 5.16% | 582,753 | $135.1M | Reduce -15.1% |
| MSFT Microsoft Corp. | 4.44% | 275,970 | $116.3M | Add +0.5% |
| ICSH iShares Ultra Short Duration | 4.31% | 2,239,192 | $112.9M | Add +1.7% |
| ACN Accenture PLC Class A | 3.35% | 249,865 | $87.9M | Add +0.9% |
| ABBV Abbvie Inc. | 3.19% | 469,736 | $83.5M | Add +0.2% |
| JPM JPMorgan Chase & Co. | 3.13% | 342,024 | $82.0M | Add +0.8% |
| XLC SS Comm Select Sector SPDR | 3.08% | 833,355 | $80.7M | Add +55.7% |
| COST Costco Wholesale Corp. | 3.05% | 87,190 | $79.9M | Add +1.3% |
| HD Home Depot Inc. | 2.90% | 195,585 | $76.1M | Add +0.5% |
| SOXX iShares Semiconductor ETF | 2.57% | 312,449 | $67.3M | Add +3.5% |
| XOM Exxon Mobil Corp. | 2.55% | 620,480 | $66.7M | Add +1.4% |
| LMT Lockheed Martin Corp. | 2.36% | 127,132 | $61.8M | Add +1.5% |
| TXN Texas Instruments Inc. | 2.32% | 324,800 | $60.9M | Add +0.2% |
| ALL Allstate Corp. | 2.30% | 313,180 | $60.4M | Add +0.1% |
| MCD McDonald's Corp. | 2.26% | 204,435 | $59.3M | Add +5.3% |
| PAYX Paychex Inc. | 2.26% | 422,634 | $59.3M | Add +1.3% |
| UNH Unitedhealth Group Inc. | 2.10% | 108,821 | $55.0M | Add +1.8% |
| BLK BlackRock Inc. | 2.03% | 51,805 | $53.1M | Add +1.1% |
| MS Morgan Stanley | 2.00% | 416,947 | $52.4M | Add +2382.4% |
| MRSH Marsh & McLennan Cos | 1.99% | 245,895 | $52.2M | Add +2.1% |
| CME Cme Group Inc. | 1.98% | 223,822 | $52.0M | Add +3.6% |
| UNP Union Pacific Corp. | 1.85% | 212,706 | $48.5M | Add +0.2% |
| MRK Merck & Co. Inc. | 1.78% | 469,751 | $46.7M | Reduce -1.1% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 1.72% | 397,657 | $45.0M | Add +2.2% |
| FAST Fastenal Co. | 1.71% | 623,503 | $44.8M | New |
| EXR Extra Space Storage Inc. | 1.64% | 287,956 | $43.1M | Add +3.5% |
| RTX RTX Corp. | 1.41% | 318,907 | $36.9M | Add +3.2% |
| WEC WEC Energy Group Inc. | 1.39% | 387,293 | $36.4M | New |
| CVX Chevron Corp. | 1.39% | 250,873 | $36.3M | Add +0.3% |
| UPS United Parcel Service Class B | 1.31% | 272,867 | $34.4M | Add +23.1% |
| NEAR iShares SH Dba ETF Usd Inc. | 1.17% | 606,450 | $30.6M | Reduce -3.0% |
| PEP Pepsico Inc. | 1.02% | 175,011 | $26.6M | Reduce -5.4% |
| LLY Eli Lilly & Co. | 0.69% | 23,282 | $18.0M | Add +2.1% |
| JPST JPMorgan Ultra-Short Income | 0.67% | 349,008 | $17.6M | Add +131.6% |
| AMZN Amazon.com Inc. | 0.60% | 71,162 | $15.6M | Add +2.5% |
| ADP Automatic Data Processing | 0.56% | 49,760 | $14.6M | Add +0.9% |
| GOOGL Alphabet Inc. Class A | 0.51% | 70,445 | $13.3M | Add +4.7% |
| SCHG Schwab US Large-Cap Growth | 0.49% | 464,526 | $12.9M | Add +103.2% |
| V Visa Inc. Class A | 0.46% | 37,931 | $12.0M | Reduce -0.5% |
| NEE Nextera Energy Inc. | 0.44% | 159,007 | $11.4M | Reduce -76.8% |
| AFL Aflac Inc. | 0.43% | 109,870 | $11.4M | Reduce -74.8% |
| MCO Moody's Corp. | 0.42% | 23,032 | $10.9M | Add +3.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.40% | 22,980 | $10.4M | Add +4.6% |
| MA Mastercard Inc. Class A | 0.40% | 19,671 | $10.4M | Add +1.2% |
| VIG Vanguard Dividend Apprec ETF | 0.36% | 47,883 | $9.4M | Add +5.6% |
| NVDA Nvidia Corp. | 0.35% | 68,755 | $9.2M | Add +25.6% |
| LQD Ishr Ibx Usd Invgd CB ETF-Ui | 0.34% | 82,874 | $8.9M | Add +5.5% |
| JNJ Johnson & Johnson | 0.33% | 60,533 | $8.8M | Reduce -82.4% |
| ORLY O'reilly Automotive Inc. | 0.30% | 6,715 | $8.0M | Add +2.5% |
| SCHD Schwab US DVD Equity ETF | 0.27% | 257,709 | $7.0M | Add +3.7% |
| NOC Northrop Grumman Corp. | 0.26% | 14,726 | $6.9M | Reduce -81.1% |
| INTU Intuit Inc. | 0.26% | 10,779 | $6.8M | Add +1.6% |
| ECL Ecolab Inc. | 0.25% | 28,388 | $6.7M | Add +1.0% |
| WM Waste Management Inc. | 0.23% | 30,096 | $6.1M | Add +5.7% |
| MSCI MSCI Inc. | 0.22% | 9,763 | $5.9M | Add +3.2% |
| MSI Motorola Solutions Inc. | 0.22% | 12,651 | $5.8M | Add +9.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.22% | 9,843 | $5.8M | Add +36.3% |
| XLE SS Energy Select Sector | 0.21% | 64,770 | $5.5M | Add +0.4% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.21% | 13,252 | $5.4M | Add +0.6% |
| KNSL Kinsale Capital Group Inc. | 0.20% | 11,213 | $5.2M | Add +5.9% |
| CPRT Copart Inc. | 0.20% | 89,678 | $5.1M | Add +0.5% |
| AGG iShares Core U.S. Aggregate | 0.19% | 52,358 | $5.1M | Add +16.6% |
| CSCO Cisco Systems Inc. | 0.18% | 81,547 | $4.8M | Reduce -7.4% |
| ADBE Adobe Inc. | 0.17% | 10,245 | $4.6M | Add +1.2% |
| CTAS Cintas Corp. | 0.17% | 24,912 | $4.6M | Add +4.1% |
| CMI Cummins Inc. | 0.17% | 12,512 | $4.4M | Reduce -4.4% |
| CDNS Cadence Design SYS Inc. | 0.16% | 14,104 | $4.2M | Add +1.6% |
| APD Air Products & Chemicals Inc. | 0.16% | 14,142 | $4.1M | Reduce -6.9% |
| TSLA Tesla Inc. | 0.16% | 10,086 | $4.1M | Add +1030.7% |
| RLI Rli Corp. | 0.15% | 24,361 | $4.0M | Add +8.8% |
| VYM Vanguard High DVD Yield ETF | 0.15% | 31,322 | $4.0M | Add +2.7% |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.15% | 3,765 | $4.0M | New |
| CINF Cincinnati Financial Corp. | 0.14% | 26,143 | $3.8M | Reduce -0.0% |
| PGR Progressive Corp. | 0.14% | 14,907 | $3.6M | Reduce -1.7% |
| QQQ Invesco QQQ Trust Series 1 | 0.13% | 6,914 | $3.5M | Add +558.5% |
| META Meta Platforms Inc. Class A | 0.13% | 5,967 | $3.5M | Add +3.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.13% | 17,427 | $3.4M | Add +2.7% |
| NFLX Netflix Inc. | 0.13% | 3,846 | $3.4M | Reduce -10.0% |
| BMY Bristol-Myers Squibb Co. | 0.13% | 59,395 | $3.4M | Add +61.6% |
| LII Lennox International Inc. | 0.13% | 5,387 | $3.3M | Add +0.0% |
| NOBL Proshares S&P 500 Dividend A | 0.12% | 31,510 | $3.1M | Reduce -8.0% |
| SCHB Schwab US Broad Market ETF | 0.12% | 138,159 | $3.1M | Add +8.2% |
| MEAR Ishrs Short Mat Muni Act ETF | 0.12% | 62,502 | $3.1M | Add +56.3% |
| BMI Badger Meter Inc. | 0.12% | 14,529 | $3.1M | New |
| NOW ServiceNow Inc. | 0.12% | 2,881 | $3.1M | Reduce -6.3% |
| KO The Coca-Cola Co. | 0.12% | 48,665 | $3.0M | Add +0.9% |
| SGI Somnigroup International Inc. filed as TEMPUR SEALY INTL INC | 0.11% | 51,712 | $2.9M | Reduce -1.6% |
| XLK SS Technology Select Sector | 0.11% | 12,080 | $2.8M | Add +5.7% |
| ABT Abbott Laboratories | 0.11% | 24,807 | $2.8M | Reduce -3.1% |
| SPOT Spotify Technology SA | 0.10% | 6,032 | $2.7M | New |
| VLO Valero Energy Corp. | 0.10% | 20,576 | $2.5M | Reduce -16.5% |
| MELI MercadoLibre Inc. | 0.10% | 1,478 | $2.5M | Add +6.0% |
| AMGN Amgen Inc. | 0.09% | 9,388 | $2.4M | Reduce -1.1% |
| BAB Invesco Taxable Municipal Bo | 0.09% | 92,799 | $2.4M | Add +6.9% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 0.09% | 230,659 | $2.4M | Add +26.7% |
| COR Cencora Inc. | 0.09% | 10,391 | $2.3M | Add +0.0% |
| ERIE Erie Indemnity Company Class A | 0.09% | 5,470 | $2.3M | No change |
| MTUM iShares MSCI USA Momentum Fa | 0.09% | 10,847 | $2.2M | Reduce -9.3% |
| GS Goldman Sachs Group Inc. | 0.09% | 3,915 | $2.2M | Add +0.1% |
Portfolio Sells Q3 2024 → Q4 2024
| JNJ Johnson & Johnson | Reduce -82.4% | 0.33% | −1.81 |
| NEE Nextera Energy Inc. | Reduce -76.8% | 0.44% | −1.79 |
| AFL Aflac Inc. | Reduce -74.8% | 0.43% | −1.44 |
| NOC Northrop Grumman Corp. | Reduce -81.1% | 0.26% | −1.31 |
| MRK Merck & Co. Inc. | Reduce -1.1% | 1.78% | −0.29 |
| PEP Pepsico Inc. | Reduce -5.4% | 1.02% | −0.19 |
| MTD Mettler-Toledo International | Reduce -75.2% | 0.04% | −0.15 |
| TMO Thermo Fisher Scientific Inc. | Reduce -89.4% | 0.01% | −0.15 |
| HSY The Hershey Co. | Sold out | 0.00% | −0.14 |
| SN Sharkninja Inc. | Sold out | 0.00% | −0.12 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.10 |
| NEAR iShares SH Dba ETF Usd Inc. | Reduce -3.0% | 1.17% | −0.06 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -17.7% | 0.08% | −0.06 |
| VLO Valero Energy Corp. | Reduce -16.5% | 0.10% | −0.03 |
| AMGN Amgen Inc. | Reduce -1.1% | 0.09% | −0.02 |
| NOBL Proshares S&P 500 Dividend A | Reduce -8.0% | 0.12% | −0.02 |
| AXP American Express Co. | Sold out | 0.00% | −0.02 |
| NKE Nike Inc. Class B | Reduce -10.5% | 0.06% | −0.02 |
| APD Air Products & Chemicals Inc. | Reduce -6.9% | 0.16% | −0.02 |
| ELV Elevance Health Inc. | Reduce -10.4% | 0.03% | −0.02 |
| SBUX Starbucks Corp. | Reduce -13.3% | 0.07% | −0.02 |
| ITW Illinois Tool Works | Reduce -53.8% | 0.01% | −0.01 |
| OKE Oneok Inc. | Reduce -23.0% | 0.07% | −0.01 |
| KMB Kimberly-Clark Corp. | Sold out | 0.00% | −0.01 |
| CVS CVS Health Corp. | Reduce -38.4% | 0.01% | −0.01 |
| PGR Progressive Corp. | Reduce -1.7% | 0.14% | −0.01 |
| AGZ iShares Agency Bond ETF | Sold out | 0.00% | −0.01 |
| CB Chubb Ltd. | Sold out | 0.00% | −0.01 |
| CSX CSX Corp. | Reduce -6.5% | 0.06% | −0.01 |
| SO The Southern Co. | Reduce -3.7% | 0.06% | −0.01 |
| PG The Procter & Gamble Co. | Reduce -6.1% | 0.08% | −0.01 |
| VEA Vanguard Ftse Developed ETF | Sold out | 0.00% | −0.01 |
| APH Amphenol Corp. Class A | Sold out | 0.00% | −0.01 |
| SUB iShares Short-Term National | Reduce -24.9% | 0.02% | −0.01 |
| SGOV iShares 0-3 Month Treasury B | Reduce -24.9% | 0.02% | −0.01 |
| MCK McKesson Corp. | Sold out | 0.00% | −0.01 |
| TM Toyota Motor Corp. -Spon ADR | Sold out | 0.00% | −0.01 |
| MTUM iShares MSCI USA Momentum Fa | Reduce -9.3% | 0.09% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -16.0% | 0.02% | −0.01 |
| TD Toronto-Dominion Bank | Reduce -5.0% | 0.03% | −0.01 |
| VZ Verizon Communications Inc. | Reduce -5.9% | 0.03% | −0.01 |
| CAT Caterpillar Inc. | Reduce -0.5% | 0.06% | −0.01 |
| ABT Abbott Laboratories | Reduce -3.1% | 0.11% | −0.01 |
| AMD Advanced Micro Devices | Reduce -0.8% | 0.01% | −0.00 |
| IPG Interpublic Group of Cos Inc. | Reduce -1.3% | 0.03% | −0.00 |
| ORCL Oracle Corp. | Reduce -18.0% | 0.02% | −0.00 |
| SHW The Sherwin-Williams Co. | Reduce -15.9% | 0.01% | −0.00 |
| SYK Stryker Corp. | Reduce -9.1% | 0.03% | −0.00 |
| OTIS Otis Worldwide Corp. | Reduce -17.5% | 0.01% | −0.00 |
| RY Royal Bank of Canada | Reduce -3.1% | 0.05% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| MS Morgan Stanley | Add +2382.4% | 2.00% | +1.93 |
| FAST Fastenal Co. | New | 1.71% | +1.71 |
| WEC WEC Energy Group Inc. | New | 1.39% | +1.39 |
| XLC SS Comm Select Sector SPDR | Add +55.7% | 3.08% | +1.22 |
| JPM JPMorgan Chase & Co. | Add +0.8% | 3.13% | +0.38 |
| JPST JPMorgan Ultra-Short Income | Add +131.6% | 0.67% | +0.38 |
| AAPL Apple Inc. | Add +0.3% | 5.32% | +0.35 |
| SCHG Schwab US Large-Cap Growth | Add +103.2% | 0.49% | +0.27 |
| BLK BlackRock Inc. | Add +1.1% | 2.03% | +0.16 |
| CME Cme Group Inc. | Add +3.6% | 1.98% | +0.15 |
| GWW WW Grainger Inc. | New | 0.15% | +0.15 |
| UPS United Parcel Service Class B | Add +23.1% | 1.31% | +0.15 |
| TSLA Tesla Inc. | Add +1030.7% | 0.16% | +0.15 |
| BMI Badger Meter Inc. | New | 0.12% | +0.12 |
| COST Costco Wholesale Corp. | Add +1.3% | 3.05% | +0.12 |
| QQQ Invesco QQQ Trust Series 1 | Add +558.5% | 0.13% | +0.12 |
| PAYX Paychex Inc. | Add +1.3% | 2.26% | +0.11 |
| SPOT Spotify Technology SA | New | 0.10% | +0.10 |
| AMZN Amazon.com Inc. | Add +2.5% | 0.60% | +0.10 |
| NVDA Nvidia Corp. | Add +25.6% | 0.35% | +0.10 |
| TROW T Rowe Price Group Inc. | Add +2.2% | 1.72% | +0.09 |
| GOOGL Alphabet Inc. Class A | Add +4.7% | 0.51% | +0.08 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | New | 0.07% | +0.07 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +36.3% | 0.22% | +0.06 |
| BMY Bristol-Myers Squibb Co. | Add +61.6% | 0.13% | +0.06 |
| MEAR Ishrs Short Mat Muni Act ETF | Add +56.3% | 0.12% | +0.04 |
| EVER Everquote Inc. Class A | New | 0.04% | +0.04 |
| ADP Automatic Data Processing | Add +0.9% | 0.56% | +0.03 |
| MA Mastercard Inc. Class A | Add +1.2% | 0.40% | +0.03 |
| ALL Allstate Corp. | Add +0.1% | 2.30% | +0.02 |
| MSI Motorola Solutions Inc. | Add +9.0% | 0.22% | +0.02 |
| RLI Rli Corp. | Add +8.8% | 0.15% | +0.02 |
| AGG iShares Core U.S. Aggregate | Add +16.6% | 0.19% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Add +2.7% | 0.13% | +0.02 |
| XLF SS Financial Select Sector | Add +202.4% | 0.03% | +0.02 |
| ICSH iShares Ultra Short Duration | Add +1.7% | 4.31% | +0.02 |
| CDNS Cadence Design SYS Inc. | Add +1.6% | 0.16% | +0.02 |
| CPRT Copart Inc. | Add +0.5% | 0.20% | +0.02 |
| VOO Vanguard S&P 500 ETF | Add +19.9% | 0.08% | +0.01 |
| XLY SS Consumer Disc Select Sect | New | 0.01% | +0.01 |
| ORLY O'reilly Automotive Inc. | Add +2.5% | 0.30% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +0.6% | 0.21% | +0.01 |
| VIG Vanguard Dividend Apprec ETF | Add +5.6% | 0.36% | +0.01 |
| MSCI MSCI Inc. | Add +3.2% | 0.22% | +0.01 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.01% | +0.01 |
| GS Goldman Sachs Group Inc. | Add +0.1% | 0.09% | +0.01 |
| IJH iShares Core S&P Midcap ETF | Add +16.1% | 0.08% | +0.01 |
| SCHB Schwab US Broad Market ETF | Add +8.2% | 0.12% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Add +20.1% | 0.07% | +0.01 |
| KNSL Kinsale Capital Group Inc. | Add +5.9% | 0.20% | +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 |