DONALDSON CAPITAL MANAGEMENT, LLC
Long book
$3.09B
Q1 2026
Positions
233
Top-10 weight
42%
concentration
Last quarter
+9.3%
SPY +14.8%
Turnover
10%
of book per quarter
Strategy in plain words
auto-generated from filingsDONALDSON CAPITAL MANAGEMENT, LLC is an institutional manager, running a $3.09B US long book across 233 positions.
The portfolio is moderately concentrated (top 10 ≈ 42% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: KARMAN HOLDINGS INC, BROADCOM INC, APPLE INC, SS COMM SELECT SECTOR SPDR, ABBVIE INC.
Over the last 9 quarters its long book ran on average 1.2pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.3%
Q2 2024
+8.6%
Q3 2024
-0.7%
Q4 2024
-1.0%
Q1 2025
+5.1%
Q2 2025
+6.1%
Q3 2025
+1.0%
Q4 2025
-0.6%
Q1 2026
+9.3%
Sector allocation
Technology 21%
Industrials 21%
Financials 17%
Consumer discretionary 16%
Healthcare 11%
Services media 5%
Utilities 4%
Energy 3%
Long book by quarter
What does DONALDSON CAPITAL own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| KRMN KARMAN HOLDINGS INC | Industrials | 3.5M | $280.3M | 9.1% | Held |
| AVGO BROADCOM INC | Technology | 496.8K | $153.8M | 5.0% | +4.2% |
| AAPL APPLE INC | Technology | 565.8K | $143.6M | 4.7% | +0.1% |
| ABBV ABBVIE INC | Healthcare | 482.1K | $104.8M | 3.4% | +0.7% |
| MSFT MICROSOFT CORP | Technology | 277.3K | $102.7M | 3.3% | +0.9% |
| JPM JPMORGAN CHASE & CO | Financials | 342.3K | $100.7M | 3.3% | -0.9% |
| MRK MERCK & CO. INC. | Healthcare | 785.2K | $94.4M | 3.1% | +0.9% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 83.3K | $83.0M | 2.7% | -0.8% |
| MS MORGAN STANLEY | Financials | 463.7K | $76.3M | 2.5% | +0.3% |
| RTX RTX CORP | Industrials | 385.0K | $74.3M | 2.4% | +1.4% |
| LLY ELI LILLY & CO | Healthcare | 74.0K | $68.0M | 2.2% | +8.9% |
| C CITIGROUP INC | Financials | 588.0K | $66.7M | 2.2% | +1.4% |
| MCD MCDONALD'S CORP | Consumer discretionary | 211.2K | $65.7M | 2.1% | +0.1% |
| FAST FASTENAL CO | Consumer discretionary | 1.4M | $65.1M | 2.1% | +0.6% |
| GS GOLDMAN SACHS GROUP INC | Financials | 75.1K | $63.5M | 2.1% | +2.3% |
| HD HOME DEPOT INC | Consumer discretionary | 192.3K | $63.3M | 2.0% | -0.2% |
| WSO WATSCO INC | Consumer discretionary | 162.6K | $59.2M | 1.9% | +47.9% |
| PCAR PACCAR INC | Industrials | 485.3K | $56.1M | 1.8% | +109.5% |
| GD GENERAL DYNAMICS CORP | Industrials | 156.1K | $53.6M | 1.7% | +8.9% |
| PAYX PAYCHEX INC | Services media | 555.8K | $51.2M | 1.7% | +36.5% |
| WEC WEC ENERGY GROUP INC | Utilities | 442.1K | $51.2M | 1.7% | +1.1% |
| COR CENCORA INC | Consumer discretionary | 138.1K | $43.4M | 1.4% | +0.7% |
| CVX CHEVRON CORP | Energy | 194.6K | $40.3M | 1.3% | +0.2% |
| XEL XCEL ENERGY INC | Utilities | 483.7K | $38.4M | 1.2% | +5.1% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 157.9K | $38.3M | 1.2% | -2.3% |
| TROW T ROWE PRICE GROUP INC | Financials | 400.5K | $36.1M | 1.2% | +0.1% |
| CTAS CINTAS CORP | Other | 197.3K | $33.4M | 1.1% | +1101.1% |
| ETN EATON CORP PLC | Industrials | 71.3K | $25.5M | 0.8% | -0.3% |
| GOOGL ALPHABET INC-CL A | Technology | 65.1K | $18.7M | 0.6% | -0.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 83.6K | $17.4M | 0.6% | +3.2% |
| XOM EXXON MOBIL CORP | Energy | 100.3K | $17.0M | 0.6% | -82.6% |
| NVDA NVIDIA CORP | Technology | 87.6K | $15.3M | 0.5% | -2.4% |
| V VISA INC-CLASS A SHARES | Services media | 46.3K | $14.0M | 0.5% | +3.1% |
| MCO MOODY'S CORP | Services media | 29.8K | $13.0M | 0.4% | +2.7% |
| MA MASTERCARD INC - A | Services media | 24.9K | $12.4M | 0.4% | +5.4% |
| LMT LOCKHEED MARTIN CORP | Industrials | 17.0K | $10.3M | 0.3% | -3.4% |
| UBER UBER TECHNOLOGIES INC | Services media | 123.5K | $8.9M | 0.3% | +24.3% |
| MELI MERCADOLIBRE INC | Services media | 5.1K | $8.8M | 0.3% | +30.3% |
| META META PLATFORMS INC-CLASS A | Technology | 15.3K | $8.7M | 0.3% | +10.9% |
| LPLA LPL FINANCIAL HOLDINGS INC | Financials | 28.4K | $8.5M | 0.3% | New |
| NEE NEXTERA ENERGY INC | Utilities | 90.9K | $8.4M | 0.3% | -3.3% |
| JNJ JOHNSON & JOHNSON | Healthcare | 34.4K | $8.4M | 0.3% | -3.5% |
| IBKR INTERACTIVE BROKERS GRO-CL A | Financials | 124.9K | $8.4M | 0.3% | New |
| APP APPLOVIN CORP-CLASS A | Technology | 20.9K | $8.3M | 0.3% | +42.2% |
| MKL MARKEL GROUP INC | Financials | 4.2K | $8.1M | 0.3% | New |
| SGI SOMNIGROUP INTERNATIONAL INC | Other | 107.5K | $7.9M | 0.3% | +15.1% |
| MU MICRON TECHNOLOGY INC | Technology | 21.7K | $7.3M | 0.2% | New |
| BLK BLACKROCK INC | Financials | 7.3K | $7.1M | 0.2% | -5.0% |
| ALL ALLSTATE CORP | Financials | 33.1K | $6.9M | 0.2% | -8.9% |
| ADP AUTOMATIC DATA PROCESSING | Technology | 33.7K | $6.8M | 0.2% | -9.3% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 30, 2026 | 235 | $3.09B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 14, 2026 | 231 | $3.14B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 4, 2025 | 232 | $3.16B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 7, 2025 | 212 | $2.72B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 15, 2025 | 221 | $2.65B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 7, 2025 | 213 | $2.62B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 29, 2024 | 214 | $2.60B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 31, 2024 | 209 | $2.38B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 22, 2024 | 205 | $2.40B | canonical | SEC ↗ |
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