1y return+12.2%S&P 500 +20.9%
3y return+37.2%S&P 500 +68.5%
5y return+43.7%S&P 500 +74.5%
10y return+186.9%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $287 against $357 in the S&P 500.2
Donaldson Capital Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SOXXIshares Tr | $195.4M | 5.6% | +1.2% |
| KRMNKarman Hldgs Inc | $174.8M | 5.0% | |
| AAPLApple Inc | $171.4M | 4.9% | +4.7% |
| AVGOBroadcom Inc | $166.3M | 4.8% | −11.4% |
| ABBVAbbvie Inc | $122.2M | 3.5% | |
| MSFTMicrosoft Corp | $106.9M | 3.1% | +3.3% |
| LLYEli Lilly & Co | $106.4M | 3.0% | +19.9% |
| MRKMerck & Co Inc | $102.6M | 2.9% | +1.7% |
| JPMJpmorgan Chase & Co | $98.2M | 2.8% | −12.3% |
| ICSHIshares Tr | $86.4M | 2.5% | −11.3% |
| COSTCostco Wholesale Corporation | $77.9M | 2.2% | |
| MSMorgan Stanley | $75.7M | 2.2% | −21.9% |
| RTXRtx Corporation | $74.6M | 2.1% | +2.2% |
| XLCSelect Sector Spdr Tr | $73.3M | 2.1% | −40.1% |
| CCitigroup Inc | $69.3M | 2.0% | −15.8% |
| WSOWatsco Inc | $69.3M | 2.0% | +2.2% |
| GSGoldman Sachs Group Inc | $68.4M | 2.0% | −9.9% |
| HDHome Depot Inc | $67.7M | 1.9% | |
| FASTFastenal Co | $67.5M | 1.9% | |
| KMBKimberly-clark Corp | $58.7M | 1.7% | New |
| MCDMcdonalds Corp | $57.3M | 1.6% | |
| PAYXPaychex Inc | $57.2M | 1.6% | +4.6% |
| GDGeneral Dynamics Corp | $56.8M | 1.6% | +2.7% |
| ORealty Income Corp | $56.1M | 1.6% | New |
| WECWec Energy Group Inc | $52.3M | 1.5% | +1.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AVGOBroadcom Inc | June 30, 2020 | +1096.9% | $166.3M |
| LLYEli Lilly & Co | June 30, 2020 | +630.6% | $106.4M |
| SOXXIshares Tr | September 30, 2020 | +531.1% | $195.4M |
| GSGoldman Sachs Group Inc | June 30, 2020 | +411.8% | $68.4M |
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $23.5M |
| CMICummins Inc | June 30, 2020 | +311.7% | $22.3M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $98.2M |
| RTXRtx Corporation | September 30, 2020 | +229.7% | $74.6M |
| AAPLApple Inc | June 30, 2020 | +217.3% | $171.4M |
| COSTCostco Wholesale Corporation | June 30, 2020 | +208.5% | $77.9M |
Sold off last quarter
- LPLALpl Finl Hldgs Inc was $8.5M
- MKLMarkel Group Inc was $8.1M
- SGISomnigroup International Inc was $7.9M
- HDBHdfc Bank Ltd was $7.3M
- Honeywell Intl IncCUSIP 438516106 was $703K
- INTUIntuit was $590K
- SUBIshares Tr was $464K
- WHRWhirlpool Corp was $464K
- MCKMckesson Corp was $424K
- TMToyota Motor Corp was $206K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +6.8% | +14.8% |
| March 31, 2026 | −1.0% | −4.6% |
| December 31, 2025 | +0.5% | +2.4% |
| September 30, 2025 | +5.6% | +7.8% |
| June 30, 2025 | +4.5% | +10.5% |
| March 31, 2025 | −1.5% | −4.6% |
| December 31, 2024 | −1.3% | +2.1% |
| September 30, 2024 | +8.0% | +5.4% |
| June 30, 2024 | +0.7% | +4.0% |
| March 31, 2024 | +6.9% | +10.0% |
| December 31, 2023 | +7.8% | +11.2% |
| September 30, 2023 | −3.9% | −3.6% |
| June 30, 2023 | +3.5% | +8.3% |
| March 31, 2023 | +0.9% | +7.0% |
| December 31, 2022 | +11.4% | +7.1% |
| September 30, 2022 | −5.1% | −5.3% |
| June 30, 2022 | −11.7% | −16.5% |
| March 31, 2022 | −4.2% | −4.9% |
| December 31, 2021 | +12.2% | +10.7% |
| September 30, 2021 | −0.2% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Donaldson Capital Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1487438&type=13F-HR&dateb=&owner=include&count=40CIK 1487438
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1487438/000148743826000004/Filed August 5, 2026 · accession 0001487438-26-000004