DONALDSON CAPITAL MANAGEMENT, LLC

PrivateCIK: 1487438

Location

EVANSVILLE, IN

233

Positions

$3.09B

Total AUM (reported)

23.23M

Total Shares

Allocation by class

COM$1.98B64.0%

COMMON STOCK$280.77M9.1%

COM NEW$150.99M4.9%

STATE STREET COM$126.67M4.1%

ISHARES SEMICDTR$99.06M3.2%

ULTRA SHORT DUR$97.49M3.2%

COM CL A$30.69M1.0%

Portfolio Concentration

Top 3$577.65M18.7%

4–10$725.87M23.5%

11–25$940.31M30.4%

Rest$845.87M27.4%

Top 3 weight

18.7%

Top 10 weight

42.2%

Voting Authority Distribution

Total shares with voting rights: 23.23M

Sole

Full voting authority

27.74K

% of voting shares0.1%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

23.20M

% of voting shares99.9%

Investment Discretion (by position count)

Sole233

Shared0

Other0

Dominant voting typeNone · 99.9% of voting shares

Institutional Holdings233

Rows:

KARMAN HLDGS INC

SOLE

COMMON STOCK

Shares3.50M

TypeSH

Market value$280.29M

9.07%

Sole

0.00

Shared

0.00

None

3.50M

BROADCOM INC

SOLE

COM

Shares496.77K

TypeSH

Market value$153.75M

4.98%

Sole

1.26K

Shared

0.00

None

495.51K

APPLE INC

SOLE

COM

Shares565.83K

TypeSH

Market value$143.60M

4.65%

Sole

824.00

Shared

0.00

None

565K

SELECT SECTOR SPDR TR

SOLE

STATE STREET COM

Shares1.14M

TypeSH

Market value$126.67M

4.10%

Sole

2.05K

Shared

0.00

None

1.14M

ABBVIE INC

SOLE

COM

Shares482.06K

TypeSH

Market value$104.84M

3.39%

Sole

940.00

Shared

0.00

None

481.12K

MICROSOFT CORP

SOLE

COM

Shares277.34K

TypeSH

Market value$102.66M

3.32%

Sole

396.00

Shared

0.00

None

276.94K

JPMORGAN CHASE & CO

SOLE

COM

Shares342.32K

TypeSH

Market value$100.70M

3.26%

Sole

681.00

Shared

0.00

None

341.64K

ISHARES TR

SOLE

ISHARES SEMICDTR

Shares301.41K

TypeSH

Market value$99.06M

3.21%

Sole

677.00

Shared

0.00

None

300.73K

ISHARES TR

SOLE

ULTRA SHORT DUR

Shares1.93M

TypeSH

Market value$97.49M

3.16%

Sole

0.00

Shared

0.00

None

1.93M

MERCK & CO INC

SOLE

COM

Shares785.16K

TypeSH

Market value$94.45M

3.06%

Sole

1.89K

Shared

0.00

None

783.27K

COSTCO WHOLESALE CORPORATION

SOLE

COM

Shares83.27K

TypeSH

Market value$82.98M

2.69%

Sole

172.00

Shared

0.00

None

83.10K

MORGAN STANLEY

SOLE

COM NEW

Shares463.71K

TypeSH

Market value$76.31M

2.47%

Sole

1.13K

Shared

0.00

None

462.58K

RTX CORPORATION

SOLE

COM

Shares385K

TypeSH

Market value$74.27M

2.40%

Sole

736.00

Shared

0.00

None

384.26K

ELI LILLY & CO

SOLE

COM

Shares73.96K

TypeSH

Market value$68.03M

2.20%

Sole

153.00

Shared

0.00

None

73.81K

CITIGROUP INC

SOLE

COM NEW

Shares587.97K

TypeSH

Market value$66.68M

2.16%

Sole

1.32K

Shared

0.00

None

586.64K

MCDONALDS CORP

SOLE

COM

Shares211.24K

TypeSH

Market value$65.65M

2.12%

Sole

492.00

Shared

0.00

None

210.75K

FASTENAL CO

SOLE

COM

Shares1.40M

TypeSH

Market value$65.05M

2.11%

Sole

3.38K

Shared

0.00

None

1.40M

GOLDMAN SACHS GROUP INC

SOLE

COM

Shares75.08K

TypeSH

Market value$63.52M

2.06%

Sole

163.00

Shared

0.00

None

74.92K

HOME DEPOT INC

SOLE

COM

Shares192.34K

TypeSH

Market value$63.26M

2.05%

Sole

366.00

Shared

0.00

None

191.97K

WATSCO INC

SOLE

COM

Shares162.64K

TypeSH

Market value$59.17M

1.91%

Sole

357.00

Shared

0.00

None

162.28K

PACCAR INC

SOLE

COM

Shares485.34K

TypeSH

Market value$56.06M

1.81%

Sole

1.33K

Shared

0.00

None

484.01K

GENERAL DYNAMICS CORP

SOLE

COM

Shares156.11K

TypeSH

Market value$53.58M

1.73%

Sole

374.00

Shared

0.00

None

155.74K

PAYCHEX INC

SOLE

COM

Shares555.85K

TypeSH

Market value$51.20M

1.66%

Sole

1.41K

Shared

0.00

None

554.44K

WEC ENERGY GROUP INC

SOLE

COM

Shares442.05K

TypeSH

Market value$51.18M

1.66%

Sole

1.04K

Shared

0.00

None

441.01K

CENCORA INC

SOLE

COM

Shares138.09K

TypeSH

Market value$43.38M

1.40%

Sole

204.00

Shared

0.00

None

137.88K

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
KARMAN HLDGS INCSOLE	COMMON STOCK	3.50M	SH	$280.29M 9.07%	0.00	3.50M
BROADCOM INCSOLE	COM	496.77K	SH	$153.75M 4.98%	1.26K	495.51K
APPLE INCSOLE	COM	565.83K	SH	$143.60M 4.65%	824.00	565K
SELECT SECTOR SPDR TRSOLE	STATE STREET COM	1.14M	SH	$126.67M 4.10%	2.05K	1.14M
ABBVIE INCSOLE	COM	482.06K	SH	$104.84M 3.39%	940.00	481.12K
MICROSOFT CORPSOLE	COM	277.34K	SH	$102.66M 3.32%	396.00	276.94K
JPMORGAN CHASE & COSOLE	COM	342.32K	SH	$100.70M 3.26%	681.00	341.64K
ISHARES TRSOLE	ISHARES SEMICDTR	301.41K	SH	$99.06M 3.21%	677.00	300.73K
ISHARES TRSOLE	ULTRA SHORT DUR	1.93M	SH	$97.49M 3.16%	0.00	1.93M
MERCK & CO INCSOLE	COM	785.16K	SH	$94.45M 3.06%	1.89K	783.27K
COSTCO WHOLESALE CORPORATIONSOLE	COM	83.27K	SH	$82.98M 2.69%	172.00	83.10K
MORGAN STANLEYSOLE	COM NEW	463.71K	SH	$76.31M 2.47%	1.13K	462.58K
RTX CORPORATIONSOLE	COM	385K	SH	$74.27M 2.40%	736.00	384.26K
ELI LILLY & COSOLE	COM	73.96K	SH	$68.03M 2.20%	153.00	73.81K
CITIGROUP INCSOLE	COM NEW	587.97K	SH	$66.68M 2.16%	1.32K	586.64K
MCDONALDS CORPSOLE	COM	211.24K	SH	$65.65M 2.12%	492.00	210.75K
FASTENAL COSOLE	COM	1.40M	SH	$65.05M 2.11%	3.38K	1.40M
GOLDMAN SACHS GROUP INCSOLE	COM	75.08K	SH	$63.52M 2.06%	163.00	74.92K
HOME DEPOT INCSOLE	COM	192.34K	SH	$63.26M 2.05%	366.00	191.97K
WATSCO INCSOLE	COM	162.64K	SH	$59.17M 1.91%	357.00	162.28K
PACCAR INCSOLE	COM	485.34K	SH	$56.06M 1.81%	1.33K	484.01K
GENERAL DYNAMICS CORPSOLE	COM	156.11K	SH	$53.58M 1.73%	374.00	155.74K
PAYCHEX INCSOLE	COM	555.85K	SH	$51.20M 1.66%	1.41K	554.44K
WEC ENERGY GROUP INCSOLE	COM	442.05K	SH	$51.18M 1.66%	1.04K	441.01K
CENCORA INCSOLE	COM	138.09K	SH	$43.38M 1.40%	204.00	137.88K

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