Q2 2026 13F · SEC CIK 1487438

Donaldson Capital Management, LLC

Wealth managerFiled 2026-08-05 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $3.5B
Reported positions: 309
Top holdings a year, 3 yrs: +14.9%
Assets under management: $3.5B

Donaldson Capital Management, LLC is a wealth manager that reported 309 positions worth $3.5B in its Q2 2026 13F, filed 2026-08-05. Its largest holdings were Ishares Semiconductor ETF (SOXX, 5.6%), Karman Hldgs Inc (KRMN, 5.0%), Apple Inc (AAPL, 4.9%). A portfolio copying its top holdings returned 14.9% a year over the last 3 years, against 20.4% for the S&P 500.

Donaldson Capital Management, LLC holdings largest 50 of 309 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Donaldson Capital Management, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
SOXXIshares Semiconductor ETF	5.6%	3.2%	304,880	+1.2%	$195.4M
KRMNKarman Hldgs Inc	5.0%	9.1%	3,501,433	+0.0%	$174.8M
AAPLApple Inc	4.9%	4.7%	592,203	+4.7%	$171.4M
AVGOBroadcom Inc	4.8%	5.0%	440,150	-11.4%	$166.3M
ABBVAbbvie Inc	3.5%	3.4%	485,608	+0.7%	$122.2M
MSFTMicrosoft Corp	3.1%	3.3%	286,452	+3.3%	$106.9M
LLYLilly Eli & Co	3.0%	2.2%	88,678	+19.9%	$106.4M
MRKMerck & Co. Inc	2.9%	3.1%	798,673	+1.7%	$102.6M
JPMJpmorgan Chase & Co	2.8%	3.3%	300,144	-12.3%	$98.2M
ICSHIshares Tr	2.5%	3.2%	1,708,669	-11.3%	$86.4M
COSTCostco Whsl Corp New	2.2%	2.7%	83,221	-0.1%	$77.9M
MSMorgan Stanley Com New	2.2%	2.5%	362,259	-21.9%	$75.7M
RTXRtx Corporation Com	2.1%	2.4%	393,318	+2.2%	$74.6M
XLCSelect Sector Spdr Tr	2.1%	4.1%	684,191	-40.1%	$73.3M
CCitigroup Inc Com New	2.0%	2.2%	494,972	-15.8%	$69.3M
WSOWatsco Inc	2.0%	1.9%	166,210	+2.2%	$69.3M
GSGoldman Sachs Group Inc	2.0%	2.1%	67,621	-9.9%	$68.4M
HDHome Depot Inc Com	1.9%	2.0%	192,060	-0.1%	$67.7M
FASTFastenal Co	1.9%	2.1%	1,405,001	+0.2%	$67.5M
KMBKimberly-Clark Corporation	1.7%	—	534,439	—	$58.7M
MCDMcdonalds Corp Com	1.6%	2.1%	211,809	+0.3%	$57.3M
PAYXPaychex Inc	1.6%	1.7%	581,263	+4.6%	$57.2M
GDGeneral Dynamics Corp	1.6%	1.7%	160,334	+2.7%	$56.8M
ORealty Income Corp	1.6%	—	904,917	—	$56.1M
WECWEC Energy Group Inc.	1.5%	1.7%	447,934	+1.3%	$52.3M
LINLinde PLC	1.3%	—	90,209	—	$46.8M
TROWT. Rowe Price Group Inc.	1.3%	1.2%	411,196	+2.7%	$46.7M
IBMInternational Business Machs	1.3%	1.2%	163,449	+3.5%	$46.0M
ETNEaton Corp PLC	1.2%	0.8%	95,802	+34.5%	$40.8M
XELXcel Energy Inc	1.2%	1.2%	501,050	+3.6%	$40.2M
CORCencora Inc Com	1.1%	1.4%	137,253	-0.6%	$38.8M
CTASCintas Corp	1.0%	1.1%	196,783	-0.3%	$33.5M
CVXChevron Corp New	0.9%	1.3%	199,588	+2.6%	$33.1M
SCHGSchwab U.s. Large-Cap Growth ETF	0.9%	0.8%	937,247	+10.4%	$31.7M
OKEOneok Inc	0.9%	—	351,817	—	$30.6M
SPYSpdr S&p 500 ETF Tr	0.7%	—	34,414	—	$25.7M
GOOGLAlphabet Inc	0.7%	0.6%	65,689	+0.8%	$23.5M
XOMExxon Mobil Corp	0.7%	0.6%	170,770	+70.3%	$23.3M
CMICummins Inc	0.6%	—	31,284	—	$22.3M
NEARIshares Short Duration Bond Active ETF	0.6%	0.7%	382,732	-7.1%	$19.4M
JPSTJ P Morgan Exchange Traded Fd	0.6%	0.7%	381,370	-10.1%	$19.3M
AMZNAmazon Com Inc Com	0.6%	0.6%	80,609	-3.6%	$19.2M
NVDANvidia Corporation Com	0.5%	0.5%	91,384	+4.3%	$18.3M
VIGVanguard Dividend Appreciation ETF	0.5%	0.3%	73,531	+54.0%	$17.4M
VVisa Inc Com Cl A	0.5%	0.5%	47,002	+1.5%	$16.1M
AGGIshares Tr	0.4%	0.5%	149,048	+0.8%	$14.8M
MAMastercard Inc.	0.4%	0.4%	28,445	+14.2%	$14.6M
MUMicron Technology Inc	0.4%	—	12,389	—	$14.3M
MCOMoodys Corp	0.4%	0.4%	31,506	+5.8%	$14.3M
VOOVanguard S&p 500 ETF	0.4%	0.4%	20,019	+6.5%	$13.7M

What Donaldson Capital Management, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +20.0% /yr; S&P 500 +20.1%
3 years: +14.9% /yr; S&P 500 +20.4%
5 years: +8.7% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$3.5B	309
Q1 2026	$3.1B	233
Q4 2025	$3.1B	231
Q3 2025	$3.2B	232
Q2 2025	$2.7B	212
Q1 2025	$2.6B	221
Q4 2024	$2.6B	213
Q3 2024	$2.6B	214
Q2 2024	$2.4B	209
Q1 2024	$2.4B	205
Q4 2023	$2.2B	214
Q3 2023	$2.1B	223

Questions about Donaldson Capital Management, LLC's portfolio

What stocks does Donaldson Capital Management, LLC own?

Donaldson Capital Management, LLC's latest 13F, for Q2 2026 and filed Aug 5, 2026, lists 309 positions worth $3.5B. The largest are Ishares Semiconductor ETF (SOXX) at 5.6%, Karman Hldgs Inc (KRMN) at 5.0%, Apple Inc (AAPL) at 4.9%, Broadcom Inc (AVGO) at 4.8% and Abbvie Inc (ABBV) at 3.5%.

What did Donaldson Capital Management, LLC buy last quarter?

In Q2 2026, Donaldson Capital Management, LLC added Exxon Mobil Corp (XOM) (+70.3% shares), Vanguard Dividend Appreciation ETF (VIG) (+54.0% shares) and Eaton Corp PLC (ETN) (+34.5% shares), compared with its Q1 2026 filing.

What did Donaldson Capital Management, LLC sell last quarter?

In Q2 2026, Donaldson Capital Management, LLC cut from its top 50 Paccar Inc (PCAR), cut from its top 50 Ishares Tr (LQD), cut from its top 50 Lockheed Martin Corp Com (LMT), cut from its top 50 Taiwan Semiconductor Manufac (TSM), cut from its top 50 Uber Technologies Inc (UBER), Select Sector Spdr Tr (XLC) (-40.1% shares), Morgan Stanley Com New (MS) (-21.9% shares) and Citigroup Inc Com New (C) (-15.8% shares), compared with its Q1 2026 filing.

How has Donaldson Capital Management, LLC's portfolio performed?

A portfolio copying Donaldson Capital Management, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +14.9% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +20.0% against +20.1%. Over 5 years: +8.7% a year against +11.6%.

When is Donaldson Capital Management, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Donaldson Capital Management, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Donaldson Capital Management, LLC manage?

Donaldson Capital Management, LLC reported $3.5B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $3.5B.