Latest DONALDSON CAPITAL MANAGEMENT, LLC Stock Portfolio

DONALDSON CAPITAL MANAGEMENT, LLC Performance:

2025 Q4: 0.46%YTD: 3.98%2024: 10.28%

Performance for 2025 Q4 is 0.46%, and YTD is 3.98%, and 2024 is 10.28%.

About DONALDSON CAPITAL MANAGEMENT, LLC and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, DONALDSON CAPITAL MANAGEMENT, LLC reported an equity portfolio of $3.1 Billions as of 31 Dec, 2025.

The top stock holdings of DONALDSON CAPITAL MANAGEMENT, LLC are , AVGO, AAPL. The fund has invested 8.2% of it's portfolio in KARMAN HLDGS INC and 5.2% of portfolio in BROADCOM INC.

The fund managers got completely rid off KINSALE CAP GROUP INC (KNSL), GRAINGER W W INC (GWW) and INTERPUBLIC GROUP COS INC (IPG) stocks. They significantly reduced their stock positions in WASTE MGMT INC DEL (WM), TEXAS INSTRS INC (TXN) and UNITEDHEALTH GROUP INC (UNH). DONALDSON CAPITAL MANAGEMENT, LLC opened new stock positions in GENERAL DYNAMICS CORP (GD), XCEL ENERGY INC (XEL) and PACCAR INC (PCAR). The fund showed a lot of confidence in some stocks as they added substantially to CENCORA INC (ABC), SELECT SECTOR SPDR TR (XLB) and ELI LILLY & CO (LLY).

DONALDSON CAPITAL MANAGEMENT, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that DONALDSON CAPITAL MANAGEMENT, LLC made a return of 0.46% in the last quarter. In trailing 12 months, it's portfolio return was 3.98%.

Performance
S&P 500

New Buys

Ticker	$ Bought
general dynamics corp	48,252,500
xcel energy inc	33,992,300
paccar inc	25,370,200
nu hldgs ltd	8,429,390
rollins inc	2,104,900
omnicom group inc	1,075,350
spdr gold tr	353,112
ross stores inc	272,192

New stocks bought by DONALDSON CAPITAL MANAGEMENT, LLC

Additions

Ticker	% Inc.
cencora inc	1,955
select sector spdr tr	204
eli lilly & co	167
vanguard intl equity index f	122
proshares tr	100
proshares tr	100
wells fargo co new	78.11
vanguard index fds	69.49

Additions to existing portfolio by DONALDSON CAPITAL MANAGEMENT, LLC

Reductions

Ticker	% Reduced
waste mgmt inc del	-97.2
texas instrs inc	-93.73
unitedhealth group inc	-90.92
pepsico inc	-89.96
eaton corp plc	-53.05
marsh & mclennan cos inc	-39.95
copart inc	-39.84
autozone inc	-30.46

DONALDSON CAPITAL MANAGEMENT, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
interpublic group cos inc	-1,015,240
pimco etf tr	-377,934
kinsale cap group inc	-3,819,330
comcast corp new	-229,832
vanguard star fds	-398,521
vanguard bd index fds	-275,764
ishares tr	-355,975
ishares inc	-222,040

DONALDSON CAPITAL MANAGEMENT, LLC got rid off the above stocks

Sector Distribution

DONALDSON CAPITAL MANAGEMENT, LLC has about 28.5% of it's holdings in Others sector.

Sector	%
Others	28.5
Technology	18.2
Financial Services	14.5
Industrials	11.5
Healthcare	9.2
Consumer Cyclical	6.1
Utilities	4.6
Energy	3.3
Consumer Defensive	2.6
Communication Services	1.2

Market Cap. Distribution

DONALDSON CAPITAL MANAGEMENT, LLC has about 72.5% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MEGA-CAP	38.1
LARGE-CAP	34.4
UNALLOCATED	27.1

Stocks belong to which Index?

About 68.9% of the stocks held by DONALDSON CAPITAL MANAGEMENT, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	68.9
Others	31

Top 5 Winners (%)		%
AMD	advanced micro devices inc	31.8 %
GOOG	alphabet inc	27.6 %
GOOG	alphabet inc	27.1 %
MRK	merck & co inc	25.3 %
LLY	eli lilly & co	24.9 %

Top 5 Winners ($)		$
MRK	merck & co inc	16.7 M
LLY	eli lilly & co	14.5 M
AAPL	apple inc	9.8 M
IJR	ishares tr	9.0 M
C	citigroup inc	8.8 M

Top 5 Losers (%)		%
NFLX	netflix inc	-82.7 %
XLB	select sector spdr tr	-44.9 %
XLB	select sector spdr tr	-43.2 %
BIB	proshares tr	-41.6 %
BIB	proshares tr	-41.2 %

Top 5 Losers ($)		$
FAST	fastenal co	-12.8 M
HD	home depot inc	-11.9 M
MSFT	microsoft corp	-9.5 M
WSO	watsco inc	-7.9 M
XLB	select sector spdr tr	-7.7 M

DONALDSON CAPITAL MANAGEMENT, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of DONALDSON CAPITAL MANAGEMENT, LLC

DONALDSON CAPITAL MANAGEMENT, LLC has 230 stocks in it's portfolio. About 42.7% of the portfolio is in top 10 stocks. FAST proved to be the most loss making stock for the portfolio. MRK was the most profitable stock for DONALDSON CAPITAL MANAGEMENT, LLC last quarter.

Last Reported on: 14 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	4.89	565,368	153,701,000	reduced	-0.56

AAXJ	ishares tr	0.08	23,125	2,476,920	reduced	-0.21

AAXJ	ishares tr	0.05	54,177	1,677,310	reduced	-5.78

AAXJ	ishares tr	0.02	5,297	565,190	unchanged	0.00

AAXJ	ishares tr	0.01	3,671	353,444	reduced	-2.65

ABBV	abbvie inc	3.48	478,637	109,364,000	reduced	-0.75

ABC	cencora inc	1.47	137,099	46,305,200	added	1,955

ABT	abbott labs	0.08	19,933	2,497,440	reduced	-5.11

ACN	accenture plc ireland	0.38	44,402	11,913,100	reduced	-15.76

ACWF	ishares tr	3.46	2,150,660	108,780,000	added	3.01

ADI	analog devices inc	0.01	1,244	337,373	added	2.47

ADP	automatic data processing in	0.30	37,108	9,545,420	reduced	-13.73

AEP	american elec pwr co inc	0.02	6,021	694,282	added	0.79

AFL	aflac inc	0.20	56,976	6,282,730	reduced	-3.63

ALL	allstate corp	0.24	36,266	7,548,840	reduced	-9.79

AMD	advanced micro devices inc	0.01	2,063	441,812	reduced	-3.64

AMGN	amgen inc	0.09	8,438	2,761,950	reduced	-0.17

AMPS	ishares tr	0.05	33,375	1,697,450	unchanged	0.00

AMPS	ishares tr	0.01	3,050	287,188	added	0.03

AMZN	amazon com inc	0.60	81,070	18,712,500	added	2.58