Donaldson Capital Management Q2 Portfolio Shifts: Focus on Energy & Consumer Sectors

As of June 30th, 2026, Donaldson Capital Management, Llc has shown notable shifts in its investment strategy across various sectors. The fund manager demonstrated a pattern of both strategic buying and selling during this quarter.

Prominent Purchases This Quarter

Donaldson Capital made several significant additions to its portfolio:

• The firm dramatically increased its position in ONEOK INC NEW (OKE), adding 328,197 shares which represented a nearly 1389% increase from the previous period.
• In Energy sector stocks, EXXON MOBIL CORP (XOM) saw an addition of 70,515 shares and INEOS SECTOR SPDR TR (SCHG) was added with a substantial purchase of 88,526 shares.
• Within the Consumer Cyclical space, DANIEL STUART CO INC (DAN) was newly acquired by the fund.
• The firm also purchased VANGUARD INDEX FDS (VUG), ISHARES TR (PFF), and increased its stake in ISHARES TR (SOXX).

These purchases suggest a continued interest from Donaldson Capital in energy sector companies, as well as diversification into financial products like SCHWAB STRATEGIC TR. For detailed analysis of these holdings, investors can explore the individual stock profiles at ONEOK, Exxon Mobil, and Dana.

Strategic Increases in Weighted Holdings

The investor also significantly boosted its positions in several core holdings:

• AAPL saw an increase of 26,374 shares.
• Technology sector stalwart AVGO experienced a large purchase despite a subsequent reduction noted later.
• SOXX was added with a positive change from prior period.

This indicates confidence in these specific companies and sectors. Investors can delve deeper into the performance of Apple Inc at AAPL or Morgan Stanley (MS) at Morgan Stanley.

Notable Reductions and Exits

Conversely, Donaldson Capital Management reduced its exposure in certain areas:

• The fund significantly decreased its position in PACCAR INC (PCAR) by 90.5%.
• CITIGROUP INC (C) saw a reduction of nearly 16%.

Furthermore, the investor exited several holdings entirely during this period:

• The fund completely removed ISHARES TR (PCAR), ISHARES TR (XLC), and Vanguard Index Funds (VUG) from its portfolio.

This selective reduction highlights a clear exit strategy for certain types of holdings, particularly some exchange-traded funds or specific industrial stocks. For more information on these companies, check Paccar and CitiGroup.

Sector Analysis of Portfolio Changes

The changes observed reflect the investor's dynamic approach across sectors:

• New positions were established in Real Estate (O), Energy (OKE, XOM), and Consumer Cyclical (DAN).
• Significant increases occurred primarily within Technology (AAPL, AVGO, SOXX) and Financial Services (MS, C).

No activity is disclosed for sectors like Communication Services or Materials in this period.