DONALDSON CAPITAL MANAGEMENT, LLC

PrivateCIK: 1487438

Location

EVANSVILLE, IN

309

Positions

$3.50B

Total AUM (reported)

25.22M

Total Shares

Allocation by class

COM$2.26B64.5%

ISHARES SEMICDTR$195.35M5.6%

COMMON STOCK$175.42M5.0%

COM NEW$155.16M4.4%

SHS$87.95M2.5%

ULTRA SHORT DUR$86.42M2.5%

ST STR SVC ETF$73.30M2.1%

Portfolio Concentration

Top 3$541.51M15.5%

4–10$788.98M22.5%

11–25$981.89M28.0%

Rest$1.19B34.0%

Top 3 weight

15.5%

Top 10 weight

38.0%

Voting Authority Distribution

Total shares with voting rights: 25.22M

Sole

Full voting authority

28.61K

% of voting shares0.1%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

25.19M

% of voting shares99.9%

Investment Discretion (by position count)

Sole309

Shared0

Other0

Dominant voting typeNone · 99.9% of voting shares

Institutional Holdings309

Rows:

ISHARES TR

SOLE

ISHARES SEMICDTR

Shares304.88K

TypeSH

Market value$195.35M

5.58%

Sole

677.00

Shared

0.00

None

304.20K

KARMAN HLDGS INC

SOLE

COMMON STOCK

Shares3.50M

TypeSH

Market value$174.79M

4.99%

Sole

0.00

Shared

0.00

None

3.50M

APPLE INC

SOLE

COM

Shares592.20K

TypeSH

Market value$171.36M

4.89%

Sole

824.00

Shared

0.00

None

591.38K

BROADCOM INC

SOLE

COM

Shares440.15K

TypeSH

Market value$166.27M

4.75%

Sole

1.26K

Shared

0.00

None

438.89K

ABBVIE INC

SOLE

COM

Shares485.61K

TypeSH

Market value$122.20M

3.49%

Sole

940.00

Shared

0.00

None

484.67K

MICROSOFT CORP

SOLE

COM

Shares286.45K

TypeSH

Market value$106.85M

3.05%

Sole

396.00

Shared

0.00

None

286.06K

ELI LILLY & CO

SOLE

COM

Shares88.68K

TypeSH

Market value$106.36M

3.04%

Sole

153.00

Shared

0.00

None

88.53K

MERCK & CO INC

SOLE

COM

Shares798.67K

TypeSH

Market value$102.63M

2.93%

Sole

1.89K

Shared

0.00

None

796.78K

JPMORGAN CHASE & CO

SOLE

COM

Shares300.14K

TypeSH

Market value$98.25M

2.81%

Sole

551.00

Shared

0.00

None

299.59K

ISHARES TR

SOLE

ULTRA SHORT DUR

Shares1.71M

TypeSH

Market value$86.42M

2.47%

Sole

0.00

Shared

0.00

None

1.71M

COSTCO WHOLESALE CORPORATION

SOLE

COM

Shares83.22K

TypeSH

Market value$77.85M

2.22%

Sole

172.00

Shared

0.00

None

83.05K

MORGAN STANLEY

SOLE

COM NEW

Shares362.26K

TypeSH

Market value$75.73M

2.16%

Sole

1.13K

Shared

0.00

None

361.13K

RTX CORPORATION

SOLE

COM

Shares393.32K

TypeSH

Market value$74.62M

2.13%

Sole

736.00

Shared

0.00

None

392.58K

SELECT SECTOR SPDR TR

SOLE

ST STR SVC ETF

Shares684.19K

TypeSH

Market value$73.30M

2.09%

Sole

1.44K

Shared

0.00

None

682.75K

CITIGROUP INC

SOLE

COM NEW

Shares494.97K

TypeSH

Market value$69.28M

1.98%

Sole

1.32K

Shared

0.00

None

493.65K

WATSCO INC

SOLE

COM

Shares166.21K

TypeSH

Market value$69.26M

1.98%

Sole

357.00

Shared

0.00

None

165.85K

GOLDMAN SACHS GROUP INC

SOLE

COM

Shares67.62K

TypeSH

Market value$68.39M

1.95%

Sole

161.00

Shared

0.00

None

67.46K

HOME DEPOT INC

SOLE

COM

Shares192.06K

TypeSH

Market value$67.74M

1.93%

Sole

366.00

Shared

0.00

None

191.69K

FASTENAL CO

SOLE

COM

Shares1.41M

TypeSH

Market value$67.48M

1.93%

Sole

3.38K

Shared

0.00

None

1.40M

KIMBERLY-CLARK CORP

SOLE

COM

Shares534.44K

TypeSH

Market value$58.67M

1.68%

Sole

615.00

Shared

0.00

None

533.82K

MCDONALDS CORP

SOLE

COM

Shares211.81K

TypeSH

Market value$57.25M

1.64%

Sole

492.00

Shared

0.00

None

211.32K

PAYCHEX INC

SOLE

COM

Shares581.26K

TypeSH

Market value$57.16M

1.63%

Sole

1.46K

Shared

0.00

None

579.80K

GENERAL DYNAMICS CORP

SOLE

COM

Shares160.33K

TypeSH

Market value$56.80M

1.62%

Sole

374.00

Shared

0.00

None

159.96K

REALTY INCOME CORP

SOLE

COM

Shares904.92K

TypeSH

Market value$56.07M

1.60%

Sole

974.00

Shared

0.00

None

903.94K

WEC ENERGY GROUP INC

SOLE

COM

Shares447.93K

TypeSH

Market value$52.31M

1.49%

Sole

1.04K

Shared

0.00

None

446.90K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
ISHARES TRSOLE	ISHARES SEMICDTR	304.88K	SH	$195.35M 5.58%	677.00	304.20K
KARMAN HLDGS INCSOLE	COMMON STOCK	3.50M	SH	$174.79M 4.99%	0.00	3.50M
APPLE INCSOLE	COM	592.20K	SH	$171.36M 4.89%	824.00	591.38K
BROADCOM INCSOLE	COM	440.15K	SH	$166.27M 4.75%	1.26K	438.89K
ABBVIE INCSOLE	COM	485.61K	SH	$122.20M 3.49%	940.00	484.67K
MICROSOFT CORPSOLE	COM	286.45K	SH	$106.85M 3.05%	396.00	286.06K
ELI LILLY & COSOLE	COM	88.68K	SH	$106.36M 3.04%	153.00	88.53K
MERCK & CO INCSOLE	COM	798.67K	SH	$102.63M 2.93%	1.89K	796.78K
JPMORGAN CHASE & COSOLE	COM	300.14K	SH	$98.25M 2.81%	551.00	299.59K
ISHARES TRSOLE	ULTRA SHORT DUR	1.71M	SH	$86.42M 2.47%	0.00	1.71M
COSTCO WHOLESALE CORPORATIONSOLE	COM	83.22K	SH	$77.85M 2.22%	172.00	83.05K
MORGAN STANLEYSOLE	COM NEW	362.26K	SH	$75.73M 2.16%	1.13K	361.13K
RTX CORPORATIONSOLE	COM	393.32K	SH	$74.62M 2.13%	736.00	392.58K
SELECT SECTOR SPDR TRSOLE	ST STR SVC ETF	684.19K	SH	$73.30M 2.09%	1.44K	682.75K
CITIGROUP INCSOLE	COM NEW	494.97K	SH	$69.28M 1.98%	1.32K	493.65K
WATSCO INCSOLE	COM	166.21K	SH	$69.26M 1.98%	357.00	165.85K
GOLDMAN SACHS GROUP INCSOLE	COM	67.62K	SH	$68.39M 1.95%	161.00	67.46K
HOME DEPOT INCSOLE	COM	192.06K	SH	$67.74M 1.93%	366.00	191.69K
FASTENAL COSOLE	COM	1.41M	SH	$67.48M 1.93%	3.38K	1.40M
KIMBERLY-CLARK CORPSOLE	COM	534.44K	SH	$58.67M 1.68%	615.00	533.82K
MCDONALDS CORPSOLE	COM	211.81K	SH	$57.25M 1.64%	492.00	211.32K
PAYCHEX INCSOLE	COM	581.26K	SH	$57.16M 1.63%	1.46K	579.80K
GENERAL DYNAMICS CORPSOLE	COM	160.33K	SH	$56.80M 1.62%	374.00	159.96K
REALTY INCOME CORPSOLE	COM	904.92K	SH	$56.07M 1.60%	974.00	903.94K
WEC ENERGY GROUP INCSOLE	COM	447.93K	SH	$52.31M 1.49%	1.04K	446.90K

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