DONALDSON CAPITAL MANAGEMENT, LLC Q4 2025 Filing

Filed January 14, 2026

Portfolio Value

$3.1T

Holdings

231

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (231 positions)

#StockSharesValue% PortfolioType
1
KRMNKARMAN HLDGS INC
3,501,433$256.2B8.15%
2
AVGOBROADCOM INC
476,954$165.1B5.25%
3
AAPLAPPLE INC
565,368$153.7B4.89%
4
XLCSELECT SECTOR SPDR TR
1,140,302$134.2B4.27%
5
MSFTMICROSOFT CORP
274,842$132.9B4.23%
6
JPMJPMORGAN CHASE & CO.
345,590$111.4B3.54%
7
ABBVABBVIE INC
478,637$109.4B3.48%
8
ICSHISHARES TR
2,150,661$108.8B3.46%
9
SOXXISHARES TR
298,148$89.8B2.86%
10
DWDMORGAN STANLEY
462,510$82.1B2.61%
11
MRKMERCK & CO INC
777,961$81.9B2.60%
12
LLYELI LILLY & CO
67,908$73.0B2.32%
13
COSTCOSTCO WHSL CORP NEW
83,927$72.4B2.30%
14
RTXRTX CORPORATION
379,513$69.6B2.21%
15
XOMEXXON MOBIL CORP
577,725$69.5B2.21%
16
TRVCCITIGROUP INC
580,100$67.7B2.15%
17
HDHOME DEPOT INC
192,691$66.3B2.11%
18
MCDMCDONALDS CORP
211,078$64.5B2.05%
19
GSGOLDMAN SACHS GROUP INC
73,383$64.5B2.05%
20
FASTFASTENAL CO
1,393,083$55.9B1.78%
21
SOSOUTHERN CO
570,252$49.7B1.58%
22
GDGENERAL DYNAMICS CORP
143,327$48.3B1.53%
23
IBMINTERNATIONAL BUSINESS MACHS
161,495$47.8B1.52%
24
ABGCENCORA INC
137,099$46.3B1.47%
25
WECWEC ENERGY GROUP INC
437,434$46.1B1.47%
26
PAYXPAYCHEX INC
407,131$45.7B1.45%
27
TROWPRICE T ROWE GROUP INC
399,985$41.0B1.30%
28
WSOWATSCO INC
109,931$37.0B1.18%
29
XELXCEL ENERGY INC
460,226$34.0B1.08%
30
CVXCHEVRON CORP NEW
194,127$29.6B0.94%
31
PCARPACCAR INC
231,670$25.4B0.81%
32
ETNEATON CORP PLC
71,473$22.8B0.72%
33
SCHGSCHWAB STRATEGIC TR
695,380$22.7B0.72%
34
JPSTJ P MORGAN EXCHANGE TRADED F
436,286$22.1B0.70%
35
NEARISHARES U S ETF TR
426,381$21.8B0.69%
36
GOOGLALPHABET INC
65,524$20.5B0.65%
37
AMZNAMAZON COM INC
81,070$18.7B0.60%
38
NVDANVIDIA CORPORATION
89,756$16.7B0.53%
39
VVISA INC
44,935$15.8B0.50%
40
MCOMOODYS CORP
29,006$14.8B0.47%
41
AGGISHARES TR
146,381$14.6B0.46%
42
MAMASTERCARD INCORPORATED
23,632$13.5B0.43%
43
LQDISHARES TR
119,821$13.2B0.42%
44
ACNACCENTURE PLC IRELAND
44,402$11.9B0.38%
45
VOOVANGUARD INDEX FDS
18,098$11.3B0.36%
46
VIGVANGUARD SPECIALIZED FUNDS
46,521$10.2B0.33%
47
XLKSELECT SECTOR SPDR TR
70,659$10.2B0.32%
48
APPAPPLOVIN CORP
14,693$9.9B0.31%
49
TSMTAIWAN SEMICONDUCTOR MFG LTD
31,477$9.6B0.30%
50
ADPAUTOMATIC DATA PROCESSING IN
37,108$9.5B0.30%
51
GEGE AEROSPACE
30,254$9.3B0.30%
52
METAMETA PLATFORMS INC
13,767$9.1B0.29%
53
PGRPROGRESSIVE CORP
38,741$8.8B0.28%
54
LMTLOCKHEED MARTIN CORP
17,617$8.5B0.27%
55
HDBHDFC BANK LTD
231,267$8.4B0.27%
56
NUNU HLDGS LTD
503,548$8.4B0.27%
57
BKNGBOOKING HOLDINGS INC
1,565$8.4B0.27%
58
TPDSOMNIGROUP INTERNATIONAL INC
93,392$8.3B0.27%
59
BLKBLACKROCK INC
7,737$8.3B0.26%
60
UBERUBER TECHNOLOGIES INC
99,364$8.1B0.26%
61
MLB1MERCADOLIBRE INC
3,907$7.9B0.25%
62
IJHISHARES TR
117,832$7.8B0.25%
63
ALSALLSTATE CORP
36,266$7.5B0.24%
64
NEENEXTERA ENERGY INC
93,997$7.5B0.24%
65
JNJJOHNSON & JOHNSON
35,699$7.4B0.23%
66
BRK/BBERKSHIRE HATHAWAY INC DEL
14,614$7.3B0.23%
67
SCHDSCHWAB STRATEGIC TR
250,116$6.9B0.22%
68
ORLYOREILLY AUTOMOTIVE INC
72,171$6.6B0.21%
69
VUGVANGUARD INDEX FDS
13,037$6.4B0.20%
70
AFLAFLAC INC
56,976$6.3B0.20%
71
CMICUMMINS INC
11,848$6.0B0.19%
72
CSCOCISCO SYS INC
75,888$5.8B0.19%
73
CMECME GROUP INC
21,363$5.8B0.19%
74
ECLECOLAB INC
20,868$5.5B0.17%
75
SCHBSCHWAB STRATEGIC TR
192,702$5.1B0.16%
76
INTUINTUIT
7,413$4.9B0.16%
77
UNHUNITEDHEALTH GROUP INC
13,964$4.6B0.15%
78
IJRISHARES TR
34,811$4.2B0.13%
79
VYMVANGUARD WHITEHALL FDS
29,118$4.2B0.13%
80
APHAMPHENOL CORP NEW
30,234$4.1B0.13%
81
SPYSPDR S&P 500 ETF TR
5,578$3.8B0.12%
82
MEARISHARES U S ETF TR
73,776$3.7B0.12%
83
NOCNORTHROP GRUMMAN CORP
6,498$3.7B0.12%
84
IVVISHARES TR
5,398$3.7B0.12%
85
TXNTEXAS INSTRS INC
21,166$3.7B0.12%
86
CINFCINCINNATI FINL CORP
21,895$3.6B0.11%
87
BMYBRISTOL-MYERS SQUIBB CO
61,122$3.3B0.10%
88
BABINVESCO EXCH TRADED FD TR II
119,312$3.2B0.10%
89
GOOGALPHABET INC
10,322$3.2B0.10%
90
CITCINTAS CORP
16,430$3.1B0.10%
91
MSIMOTOROLA SOLUTIONS INC
7,937$3.0B0.10%
92
PEPPEPSICO INC
20,311$2.9B0.09%
93
CDNSCADENCE DESIGN SYSTEM INC
9,323$2.9B0.09%
94
VLOVALERO ENERGY CORP
17,067$2.8B0.09%
95
APDAIR PRODS & CHEMS INC
11,183$2.8B0.09%
96
AMGNAMGEN INC
8,438$2.8B0.09%
97
KOCOCA COLA CO
35,906$2.5B0.08%
98
ABTABBOTT LABS
19,933$2.5B0.08%
99
MUBISHARES TR
23,125$2.5B0.08%
100
CATCATERPILLAR INC
4,136$2.4B0.08%
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