DCM

Donaldson Capital Management Portfolio holdings

AUM $2.65B

AUM

$2.65B

AUM Growth

+$26.7M (+1%)

Cap. Flow

+$82M

Cap. Flow % of AUM

3.1%

Top 10 Holdings %Top 10 Hldgs %

36.52%

Holding

233

New

20

Increased

103

Reduced

81

Closed

12

Top Buys

1	Waste Management WM	$49.3M
2	The Communication Services Select Sector SPDR Fund XLC	$16.3M
3	iShares Ultra Short Duration Bond Active ETF ICSH	$10.7M
4	JPMorgan Ultra-Short Income ETF JPST	$5.7M
5	Morgan Stanley MS	$5.26M

Top Sells

1	Union Pacific UNP	$47M
2	Aflac AFL	$4.44M
3	Broadcom AVGO	$4.35M
4	Northrop Grumman NOC	$3.25M
5	Johnson & Johnson JNJ	$3.1M

Sector Composition

1	Technology	22.31%
2	Financials	19.22%
3	Industrials	10.74%
4	Healthcare	9.34%
5	Consumer Discretionary	6.75%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
226	226 ServiceNow NOW $215B	$0	0%	0 -2,881	Closed	–
227	227 Nu Holdings NU $63B	$0	0%	0 -230,659	Closed	–
228	228 Schwab US Large-Cap Value ETF SCHV $12B	$0	0%	0 -22,408	Closed	–
229	229 iShares 1-3 Year Treasury Bond ETF SHY $23.9B	$0	0%	0 -4,041	Closed	–
230	230 Spotify SPOT $135B	$0	0%	0 -6,032	Closed	–
231	231 Vanguard Small-Cap Value ETF VBR $28.4B	$0	0%	0 -9,522	Closed	–
232	232 Consumer Discretionary Select Sector SPDR Fund XLY $21.2B	$0	0%	0 -1,695	Closed	–
233	233 GE Vernova GEV $117B	$0	0%	0 -613	Closed	–