13F HOLDINGS REPORT
DONALDSON CAPITAL MANAGEMENT, LLC
Quarter ended Q3 2025 · Filed November 4, 2025 · Accession 0001487438-25-000005
Total Value
$3.16B
Positions
232
Other Managers
0
Confidential Omitted
No
Holdings (232)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | KARMAN HLDGS INC | KRMN | 3,501,433 | $252.8M | 8.00% |
| 2 | BROADCOM INC | AVGO | 507,659 | $167.5M | 5.30% |
| 3 | APPLE INC | AAPL | 568,554 | $144.8M | 4.58% |
| 4 | MICROSOFT CORP | MSFT | 277,263 | $143.6M | 4.55% |
| 5 | SELECT SECTOR SPDR TR | 81369Y852 | 1,152,645 | $136.4M | 4.32% |
| 6 | ABBVIE INC | ABBV | 482,231 | $111.7M | 3.54% |
| 7 | JPMORGAN CHASE & CO. | VYLD | 343,510 | $108.4M | 3.43% |
| 8 | ISHARES TR | 46434V878 | 2,087,886 | $106.0M | 3.35% |
| 9 | ISHARES TR | 464287523 | 299,953 | $81.3M | 2.57% |
| 10 | COSTCO WHSL CORP NEW | 22160K105 | 86,942 | $80.5M | 2.55% |
| 11 | HOME DEPOT INC | HD | 196,998 | $79.8M | 2.53% |
| 12 | MORGAN STANLEY | MS-PQ | 467,246 | $74.3M | 2.35% |
| 13 | FASTENAL CO | FAST | 1,480,205 | $72.6M | 2.30% |
| 14 | MERCK & CO INC | MRK | 786,883 | $66.0M | 2.09% |
| 15 | EXXON MOBIL CORP | XOM | 579,388 | $65.3M | 2.07% |
| 16 | MCDONALDS CORP | MCD | 214,641 | $65.2M | 2.07% |
| 17 | RTX CORPORATION | RTX | 381,273 | $63.8M | 2.02% |
| 18 | TEXAS INSTRS INC | 882508104 | 337,569 | $62.0M | 1.96% |
| 19 | CITIGROUP INC | C-PR | 581,226 | $59.0M | 1.87% |
| 20 | EATON CORP PLC | ETN | 152,225 | $57.0M | 1.80% |
| 21 | GOLDMAN SACHS GROUP INC | GSCE | 70,200 | $55.9M | 1.77% |
| 22 | WASTE MGMT INC DEL | 94106L109 | 248,908 | $55.0M | 1.74% |
| 23 | PAYCHEX INC | PAYX | 423,197 | $53.6M | 1.70% |
| 24 | SOUTHERN CO | SOMN | 563,027 | $53.4M | 1.69% |
| 25 | UNITEDHEALTH GROUP INC | UNH | 153,730 | $53.1M | 1.68% |
| 26 | WEC ENERGY GROUP INC | WEC | 447,504 | $51.3M | 1.62% |
| 27 | WATSCO INC | WSO-B | 124,789 | $50.5M | 1.60% |
| 28 | INTERNATIONAL BUSINESS MACHS | INTR | 160,818 | $45.4M | 1.44% |
| 29 | PRICE T ROWE GROUP INC | TROW | 404,125 | $41.5M | 1.31% |
| 30 | CHEVRON CORP NEW | CVX | 198,653 | $30.8M | 0.98% |
| 31 | PEPSICO INC | PEP | 202,258 | $28.4M | 0.90% |
| 32 | ISHARES U S ETF TR | 46431W507 | 449,080 | $23.0M | 0.73% |
| 33 | J P MORGAN EXCHANGE TRADED F | 46641Q837 | 387,873 | $19.7M | 0.62% |
| 34 | ELI LILLY & CO | LLY | 25,374 | $19.4M | 0.61% |
| 35 | SCHWAB STRATEGIC TR | 808524300 | 589,459 | $18.8M | 0.60% |
| 36 | ALPHABET INC | GOOG | 74,032 | $18.0M | 0.57% |
| 37 | AMAZON COM INC | AMZN | 79,032 | $17.4M | 0.55% |
| 38 | NVIDIA CORPORATION | NVDA | 85,093 | $15.9M | 0.50% |
| 39 | VISA INC | V | 42,133 | $14.4M | 0.46% |
| 40 | ACCENTURE PLC IRELAND | ACN | 52,708 | $13.0M | 0.41% |
| 41 | MOODYS CORP | MCO | 26,904 | $12.8M | 0.41% |
| 42 | MASTERCARD INCORPORATED | MA | 22,271 | $12.7M | 0.40% |
| 43 | AUTOMATIC DATA PROCESSING IN | ADP | 43,016 | $12.6M | 0.40% |
| 44 | ISHARES TR | 464287226 | 125,283 | $12.6M | 0.40% |
| 45 | ISHARES TR | 464287242 | 110,510 | $12.3M | 0.39% |
| 46 | SELECT SECTOR SPDR TR | 81369Y803 | 41,719 | $11.8M | 0.37% |
| 47 | VANGUARD INDEX FDS | 922908363 | 18,425 | $11.3M | 0.36% |
| 48 | APPLOVIN CORP | APP | 14,084 | $10.1M | 0.32% |
| 49 | VANGUARD SPECIALIZED FUNDS | 921908844 | 44,008 | $9.5M | 0.30% |
| 50 | BLACKROCK INC | BLK | 8,098 | $9.4M | 0.30% |
| 51 | OREILLY AUTOMOTIVE INC | 67103H107 | 84,582 | $9.1M | 0.29% |
| 52 | LOCKHEED MARTIN CORP | LMT | 18,169 | $9.1M | 0.29% |
| 53 | ALLSTATE CORP | ALL-PJ | 40,200 | $8.6M | 0.27% |
| 54 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 16,488 | $8.3M | 0.26% |
| 55 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 28,967 | $8.1M | 0.26% |
| 56 | GE AEROSPACE | 369604301 | 25,315 | $7.6M | 0.24% |
| 57 | PROGRESSIVE CORP | 743315103 | 29,587 | $7.3M | 0.23% |
| 58 | NEXTERA ENERGY INC | NEE-PW | 96,342 | $7.3M | 0.23% |
| 59 | META PLATFORMS INC | META | 9,771 | $7.2M | 0.23% |
| 60 | CME GROUP INC | CME | 26,258 | $7.1M | 0.22% |
| 61 | ISHARES TR | 464287507 | 107,361 | $7.0M | 0.22% |
| 62 | NETFLIX INC | NFLX | 5,739 | $6.9M | 0.22% |
| 63 | SCHWAB STRATEGIC TR | 808524797 | 249,820 | $6.8M | 0.22% |
| 64 | UBER TECHNOLOGIES INC | UBER | 69,108 | $6.8M | 0.21% |
| 65 | JOHNSON & JOHNSON | JNJ | 36,446 | $6.8M | 0.21% |
| 66 | SOMNIGROUP INTERNATIONAL INC | SGI | 79,971 | $6.7M | 0.21% |
| 67 | ECOLAB INC | ECL | 24,556 | $6.7M | 0.21% |
| 68 | AFLAC INC | AFL | 59,123 | $6.6M | 0.21% |
| 69 | VANGUARD INDEX FDS | 922908736 | 13,423 | $6.4M | 0.20% |
| 70 | MERCADOLIBRE INC | MELI | 2,678 | $6.3M | 0.20% |
| 71 | HDFC BANK LTD | HDB | 178,679 | $6.1M | 0.19% |
| 72 | BOOKING HOLDINGS INC | BKNG | 1,119 | $6.0M | 0.19% |
| 73 | INTUIT | INTU | 8,604 | $5.9M | 0.19% |
| 74 | CISCO SYS INC | CSCO | 76,801 | $5.3M | 0.17% |
| 75 | CUMMINS INC | CMI | 12,215 | $5.2M | 0.16% |
| 76 | MOTOROLA SOLUTIONS INC | MSI | 10,484 | $4.8M | 0.15% |
| 77 | AMPHENOL CORP NEW | 032095101 | 38,720 | $4.8M | 0.15% |
| 78 | CINTAS CORP | CTAS | 21,977 | $4.5M | 0.14% |
| 79 | SCHWAB STRATEGIC TR | 808524102 | 168,588 | $4.3M | 0.14% |
| 80 | CADENCE DESIGN SYSTEM INC | CDNS | 12,230 | $4.3M | 0.14% |
| 81 | VANGUARD WHITEHALL FDS | 921946406 | 29,887 | $4.2M | 0.13% |
| 82 | ISHARES TR | 464287804 | 34,732 | $4.1M | 0.13% |
| 83 | NORTHROP GRUMMAN CORP | NOC | 6,603 | $4.0M | 0.13% |
| 84 | SPDR S&P 500 ETF TR | SPY | 5,741 | $3.8M | 0.12% |
| 85 | KINSALE CAP GROUP INC | 49714P108 | 8,981 | $3.8M | 0.12% |
| 86 | ISHARES U S ETF TR | 46431W838 | 73,844 | $3.7M | 0.12% |
| 87 | AUTOZONE INC | AZO | 811 | $3.5M | 0.11% |
| 88 | CINCINNATI FINL CORP | 172062101 | 21,952 | $3.5M | 0.11% |
| 89 | ISHARES TR | 464287200 | 5,073 | $3.4M | 0.11% |
| 90 | AIR PRODS & CHEMS INC | AIIR | 11,604 | $3.2M | 0.10% |
| 91 | VALERO ENERGY CORP | VLO | 17,061 | $2.9M | 0.09% |
| 92 | ABBOTT LABS | ABLZF | 21,007 | $2.8M | 0.09% |
| 93 | INVESCO EXCH TRADED FD TR II | IVZ | 102,967 | $2.8M | 0.09% |
| 94 | GRAINGER W W INC | 384802104 | 2,929 | $2.8M | 0.09% |
| 95 | ALPHABET INC | GOOG | 11,314 | $2.8M | 0.09% |
| 96 | BRISTOL-MYERS SQUIBB CO | CELG-RI | 59,222 | $2.7M | 0.08% |
| 97 | ISHARES TR | 464288414 | 23,173 | $2.5M | 0.08% |
| 98 | AMGEN INC | AMGN | 8,452 | $2.4M | 0.08% |
| 99 | COCA COLA CO | KO | 35,577 | $2.4M | 0.07% |
| 100 | REPUBLIC SVCS INC | 760759100 | 9,972 | $2.3M | 0.07% |
| 101 | DUKE ENERGY CORP NEW | DUKB | 17,336 | $2.1M | 0.07% |
| 102 | CENCORA INC | COR | 6,669 | $2.1M | 0.07% |
| 103 | MARSH & MCLENNAN COS INC | 571748102 | 10,294 | $2.1M | 0.07% |
| 104 | CATERPILLAR INC | CAT | 4,136 | $2.0M | 0.06% |
| 105 | SCHWAB STRATEGIC TR | 808524805 | 84,046 | $2.0M | 0.06% |
| 106 | PROSHARES TR | 74347R206 | 14,000 | $1.9M | 0.06% |
| 107 | EXTRA SPACE STORAGE INC | EXR | 13,393 | $1.9M | 0.06% |
| 108 | PROSHARES TR | 74348A467 | 17,968 | $1.9M | 0.06% |
| 109 | SCHWAB STRATEGIC TR | 808524649 | 71,792 | $1.8M | 0.06% |
| 110 | ISHARES TR | 464287614 | 3,920 | $1.8M | 0.06% |
| 111 | ISHARES TR | 464288687 | 57,498 | $1.8M | 0.06% |
| 112 | VANGUARD WHITEHALL FDS | 921946794 | 21,180 | $1.8M | 0.06% |
| 113 | ERIE INDTY CO | 29530P102 | 5,470 | $1.7M | 0.06% |
| 114 | VERIZON COMMUNICATIONS INC | VZ | 39,306 | $1.7M | 0.05% |
| 115 | WALMART INC | WMT | 16,761 | $1.7M | 0.05% |
| 116 | ISHARES TR | 46429B655 | 33,375 | $1.7M | 0.05% |
| 117 | ENBRIDGE INC | ENNPF | 33,536 | $1.7M | 0.05% |
| 118 | GILEAD SCIENCES INC | GILD | 14,704 | $1.6M | 0.05% |
| 119 | PNC FINL SVCS GROUP INC | 693475105 | 7,855 | $1.6M | 0.05% |
| 120 | LENNOX INTL INC | 526107107 | 2,944 | $1.6M | 0.05% |
| 121 | ISHARES TR | 46432F396 | 5,924 | $1.5M | 0.05% |
| 122 | ONEOK INC NEW | OKE | 20,735 | $1.5M | 0.05% |
| 123 | SELECT SECTOR SPDR TR | 81369Y506 | 16,219 | $1.4M | 0.05% |
| 124 | TESLA INC | TSLA | 3,225 | $1.4M | 0.05% |
| 125 | SPDR SERIES TRUST | 78464A763 | 10,226 | $1.4M | 0.05% |
| 126 | PRUDENTIAL FINL INC | PUKPF | 13,367 | $1.4M | 0.04% |
| 127 | ROYAL BK CDA | 780087102 | 9,185 | $1.4M | 0.04% |
| 128 | PROSHARES TR | 74347R107 | 12,000 | $1.3M | 0.04% |
| 129 | TORONTO DOMINION BK ONT | TORO | 16,380 | $1.3M | 0.04% |
| 130 | UNITED PARCEL SERVICE INC | UPS | 15,631 | $1.3M | 0.04% |
| 131 | DOMINION ENERGY INC | D | 20,411 | $1.2M | 0.04% |
| 132 | MSCI INC | MSCI | 2,199 | $1.2M | 0.04% |
| 133 | CSX CORP | CSX | 34,976 | $1.2M | 0.04% |
| 134 | HUNTINGTON BANCSHARES INC | HBANP | 71,773 | $1.2M | 0.04% |
| 135 | PROCTER AND GAMBLE CO | 742718109 | 7,645 | $1.2M | 0.04% |
| 136 | INTERNATIONAL PAPER CO | 460146103 | 25,106 | $1.2M | 0.04% |
| 137 | UNION PAC CORP | UNP | 4,894 | $1.2M | 0.04% |
| 138 | SCHWAB STRATEGIC TR | 808524607 | 40,597 | $1.1M | 0.04% |
| 139 | STARBUCKS CORP | SBUX | 13,347 | $1.1M | 0.04% |
| 140 | PFIZER INC | PFE | 42,309 | $1.1M | 0.03% |
| 141 | INTERPUBLIC GROUP COS INC | INTR | 36,376 | $1.0M | 0.03% |
| 142 | INVESCO QQQ TR | IVZ | 1,633 | $980,404 | 0.03% |
| 143 | AT&T INC | T-PC | 34,270 | $967,783 | 0.03% |
| 144 | VANGUARD INDEX FDS | 922908629 | 3,249 | $954,361 | 0.03% |
| 145 | SPDR SERIES TRUST | 78464A854 | 11,724 | $918,458 | 0.03% |
| 146 | NIKE INC | NKE | 13,113 | $914,363 | 0.03% |
| 147 | NOVO-NORDISK A S | NONOF | 15,976 | $886,508 | 0.03% |
| 148 | SELECT SECTOR SPDR TR | 81369Y605 | 16,417 | $884,387 | 0.03% |
| 149 | DISNEY WALT CO | 254687106 | 7,655 | $876,531 | 0.03% |
| 150 | ISHARES TR | 46432F842 | 10,004 | $873,458 | 0.03% |
| 151 | BEST BUY INC | BBY | 11,126 | $841,369 | 0.03% |
| 152 | ISHARES TR | 464287408 | 4,071 | $840,676 | 0.03% |
| 153 | TJX COS INC NEW | 872540109 | 5,613 | $811,272 | 0.03% |
| 154 | STRYKER CORPORATION | SYK | 2,191 | $810,015 | 0.03% |
| 155 | DIMENSIONAL ETF TRUST | 25434V708 | 20,723 | $799,286 | 0.03% |
| 156 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 1 | $754,200 | 0.02% |
| 157 | HARTFORD FDS EXCHANGE TRADED | 41653L503 | 19,138 | $745,808 | 0.02% |
| 158 | CNO FINL GROUP INC | 12621E103 | 18,693 | $739,308 | 0.02% |
| 159 | COPART INC | CPRT | 15,975 | $718,396 | 0.02% |
| 160 | WHIRLPOOL CORP | WHR-PA | 8,667 | $681,265 | 0.02% |
| 161 | ISHARES TR | 464287655 | 2,802 | $677,972 | 0.02% |
| 162 | GOLDMAN SACHS ETF TR | NVGLF | 5,184 | $675,372 | 0.02% |
| 163 | AMERICAN ELEC PWR CO INC | 025537101 | 5,974 | $672,075 | 0.02% |
| 164 | EQUIFAX INC | EFX | 2,585 | $663,130 | 0.02% |
| 165 | HONEYWELL INTL INC | 438516106 | 3,129 | $658,570 | 0.02% |
| 166 | EMERSON ELEC CO | EMR | 4,926 | $646,185 | 0.02% |
| 167 | ORACLE CORP | ORCL-PD | 2,255 | $634,102 | 0.02% |
| 168 | SELECT SECTOR SPDR TR | 81369Y704 | 4,098 | $632,104 | 0.02% |
| 169 | ISHARES TR | 46432F339 | 3,084 | $599,838 | 0.02% |
| 170 | ISHARES TR | 464288158 | 5,297 | $565,614 | 0.02% |
| 171 | SPDR INDEX SHS FDS | 78463X889 | 12,858 | $550,194 | 0.02% |
| 172 | FIRST FINANCIAL CORPORATION | 320218100 | 9,506 | $536,519 | 0.02% |
| 173 | SCHWAB STRATEGIC TR | 808524508 | 17,622 | $522,327 | 0.02% |
| 174 | CRANE COMPANY | CR | 2,813 | $517,986 | 0.02% |
| 175 | SPDR SERIES TRUST | 78464A409 | 4,936 | $515,861 | 0.02% |
| 176 | TRAVELERS COMPANIES INC | TRV | 1,847 | $515,614 | 0.02% |
| 177 | VANGUARD TAX-MANAGED FDS | 921943858 | 8,552 | $512,436 | 0.02% |
| 178 | ISHARES TR | 464287465 | 5,224 | $487,765 | 0.02% |
| 179 | L3HARRIS TECHNOLOGIES INC | LHX | 1,575 | $481,021 | 0.02% |
| 180 | GENUINE PARTS CO | GPC | 3,212 | $445,139 | 0.01% |
| 181 | ELEVANCE HEALTH INC FORMERLY | ELV | 1,274 | $411,519 | 0.01% |
| 182 | CVS HEALTH CORP | CVS | 5,307 | $400,082 | 0.01% |
| 183 | VANGUARD STAR FDS | 921909768 | 5,425 | $398,521 | 0.01% |
| 184 | SPDR SERIES TRUST | 78468R663 | 4,151 | $380,843 | 0.01% |
| 185 | PIMCO ETF TR | 72201R585 | 14,081 | $377,934 | 0.01% |
| 186 | SELECT SECTOR SPDR TR | 81369Y209 | 2,691 | $374,444 | 0.01% |
| 187 | NASDAQ INC | NDAQ | 4,118 | $364,237 | 0.01% |
| 188 | MCKESSON CORP | MCK | 469 | $362,403 | 0.01% |
| 189 | ISHARES TR | 464288281 | 3,771 | $358,961 | 0.01% |
| 190 | SPDR SERIES TRUST | 78464A805 | 4,421 | $356,554 | 0.01% |
| 191 | ISHARES TR | 46436E718 | 3,535 | $355,975 | 0.01% |
| 192 | ADVANCED MICRO DEVICES INC | AMD | 2,141 | $346,392 | 0.01% |
| 193 | GE VERNOVA INC | GEV | 562 | $345,574 | 0.01% |
| 194 | SELECT SECTOR SPDR TR | 81369Y886 | 3,740 | $326,165 | 0.01% |
| 195 | TE CONNECTIVITY PLC | TEL | 1,467 | $322,051 | 0.01% |
| 196 | PENSKE AUTOMOTIVE GRP INC | 70959W103 | 1,843 | $320,574 | 0.01% |
| 197 | BP PLC | BPPFF | 8,881 | $306,039 | 0.01% |
| 198 | VANECK ETF TRUST | 92189H409 | 5,898 | $300,208 | 0.01% |
| 199 | ANALOG DEVICES INC | ADI | 1,214 | $298,280 | 0.01% |
| 200 | ISHARES TR | 46429B697 | 3,049 | $290,082 | 0.01% |
| 201 | CARRIER GLOBAL CORPORATION | CARR | 4,849 | $289,455 | 0.01% |
| 202 | SPDR DOW JONES INDL AVERAGE | 78467X109 | 618 | $286,489 | 0.01% |
| 203 | PIMCO ETF TR | 72201R569 | 5,750 | $285,528 | 0.01% |
| 204 | SYNOPSYS INC | SNPS | 576 | $284,193 | 0.01% |
| 205 | DEERE & CO | DE | 621 | $283,963 | 0.01% |
| 206 | BANK AMERICA CORP | 060505104 | 5,454 | $281,356 | 0.01% |
| 207 | PALANTIR TECHNOLOGIES INC | PLTR | 1,514 | $276,184 | 0.01% |
| 208 | VANGUARD BD INDEX FDS | 921937835 | 3,708 | $275,764 | 0.01% |
| 209 | ISHARES TR | 464287598 | 1,353 | $275,457 | 0.01% |
| 210 | FIRST INTERNET BANCORP | INBKZ | 12,250 | $274,768 | 0.01% |
| 211 | COLGATE PALMOLIVE CO | CL | 3,425 | $273,795 | 0.01% |
| 212 | INVESCO EXCHANGE TRADED FD T | IVZ | 1,439 | $272,978 | 0.01% |
| 213 | LINDE PLC | LIN | 572 | $271,587 | 0.01% |
| 214 | VANGUARD INDEX FDS | 922908769 | 826 | $271,107 | 0.01% |
| 215 | QUALCOMM INC | QCOM | 1,538 | $255,902 | 0.01% |
| 216 | ISHARES INC | 46434G103 | 3,702 | $244,036 | 0.01% |
| 217 | KIMBERLY-CLARK CORP | KMB | 1,962 | $243,903 | 0.01% |
| 218 | MASTEC INC | MTZ | 1,100 | $234,091 | 0.01% |
| 219 | SPDR SERIES TRUST | 78464A508 | 4,192 | $231,943 | 0.01% |
| 220 | BOEING CO | BA-PA | 1,073 | $231,586 | 0.01% |
| 221 | SHERWIN WILLIAMS CO | SHW | 668 | $231,135 | 0.01% |
| 222 | COMCAST CORP NEW | CCZ | 7,315 | $229,832 | 0.01% |
| 223 | DANAHER CORPORATION | 235851102 | 1,148 | $227,530 | 0.01% |
| 224 | WELLS FARGO CO NEW | 949746101 | 2,695 | $225,895 | 0.01% |
| 225 | VANGUARD SCOTTSDALE FDS | 92206C409 | 2,789 | $222,892 | 0.01% |
| 226 | ISHARES INC | 46434G764 | 3,289 | $222,040 | 0.01% |
| 227 | VANGUARD INTL EQUITY INDEX F | 922042775 | 3,102 | $221,390 | 0.01% |
| 228 | VANGUARD MUN BD FDS | 922907746 | 4,386 | $219,607 | 0.01% |
| 229 | AMERICAN EXPRESS CO | AXP | 643 | $213,613 | 0.01% |
| 230 | OTIS WORLDWIDE CORP | OTIS | 2,309 | $211,112 | 0.01% |
| 231 | ASTRAZENECA PLC | AZN | 2,736 | $209,906 | 0.01% |
| 232 | ILLINOIS TOOL WKS INC | 452308109 | 775 | $202,089 | 0.01% |