# EDGAR Filing Document

**Accession Number:** 0001487438
**File Stem:** 0001487438-23-000001
**Filing Date:** 2023-2
**Character Count:** 25574
**Document Hash:** 0c6cb1c88d7abd29988ec18e1d08b987
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001487438-23-000001.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001487438-23-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**EFFECTIVENESS DATE**: 20230208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DONALDSON CAPITAL MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001487438
- **IRS NUMBER:** 351937665
- **STATE OF INCORPORATION:** IN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-15535
- **FILM NUMBER:** 23599796

**BUSINESS ADDRESS:**
- **STREET 1:** 20 NORTHWEST FIRST STREET
- **STREET 2:** 5TH FLOOR
- **CITY:** EVANSVILLE
- **STATE:** IN
- **ZIP:** 47708
- **BUSINESS PHONE:** 812-421-3211

**MAIL ADDRESS:**
- **STREET 1:** 20 NORTHWEST FIRST STREET
- **STREET 2:** 5TH FLOOR
- **CITY:** EVANSVILLE
- **STATE:** IN
- **ZIP:** 47708

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** DONALDSON CAPITAL MANAGEMENT LLC<br>**Address:** 20 NORTHWEST FIRST STREET<br>5TH FLOOR<br>EVANSVILLE, IN 47708

**Form 13F File Number:** 028-15535

**CRD Number (if applicable):** 000106131

**SEC File Number (if applicable):** 028-15535

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Jared Calvert<br>**Title:** Chief Compliance Officer<br>**Phone:** 8592871657

**Signature, Place, and Date of Signing:**

Jared Calvert  Covington, KY  02-08-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 223

**Form 13F Information Table Value Total:** $2050356260

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 3M CO | COM | 88579Y101 |  | 489154 | 4079 | SH |  | SOLE | 0 | 0 | 0 | 4079 |
| ABBOTT LABS | COM | 002824100 |  | 7117598 | 64829 | SH |  | SOLE | 0 | 0 | 0 | 64829 |
| ABBVIE INC | COM | 00287Y109 |  | 75919591 | 469770 | SH |  | SOLE | 0 | 0 | 0 | 469770 |
| ACCENTURE PLC IRELAND | SHS CLASS A | G1151C101 |  | 60683516 | 227415 | SH |  | SOLE | 0 | 0 | 0 | 227415 |
| ACTIVISION BLIZZARD INC | COM | 00507V109 |  | 374430 | 4891 | SH |  | SOLE | 0 | 0 | 0 | 4891 |
| ACUITY BRANDS INC | COM | 00508Y102 |  | 422471 | 2551 | SH |  | SOLE | 0 | 0 | 0 | 2551 |
| ADOBE SYSTEMS INCORPORATED | COM | 00724F101 |  | 2887079 | 8579 | SH |  | SOLE | 0 | 0 | 0 | 8579 |
| AEROJET ROCKETDYNE HLDGS INC | COM | 007800105 |  | 369697 | 6610 | SH |  | SOLE | 0 | 0 | 0 | 6610 |
| AFLAC INC | COM | 001055102 |  | 45078397 | 626611 | SH |  | SOLE | 0 | 0 | 0 | 626611 |
| AIR PRODS  CHEMS INC | COM | 009158106 |  | 63352519 | 205517 | SH |  | SOLE | 0 | 0 | 0 | 205517 |
| ALLSTATE CORP | COM | 020002101 |  | 53845337 | 397090 | SH |  | SOLE | 0 | 0 | 0 | 397090 |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 6489961 | 73557 | SH |  | SOLE | 0 | 0 | 0 | 73557 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 1566224 | 17652 | SH |  | SOLE | 0 | 0 | 0 | 17652 |
| ALTRIA GROUP INC | COM | 02209S103 |  | 335283 | 7335 | SH |  | SOLE | 0 | 0 | 0 | 7335 |
| AMAZON COM INC | COM | 023135106 |  | 5873702 | 69925 | SH |  | SOLE | 0 | 0 | 0 | 69925 |
| AMERICAN ELEC PWR CO INC | COM | 025537101 |  | 827142 | 8711 | SH |  | SOLE | 0 | 0 | 0 | 8711 |
| AMERICAN EXPRESS CO | COM | 025816109 |  | 316017 | 2139 | SH |  | SOLE | 0 | 0 | 0 | 2139 |
| AMERICAN TOWER CORP NEW | COM | 03027X100 |  | 2265343 | 10693 | SH |  | SOLE | 0 | 0 | 0 | 10693 |
| AMERISOURCEBERGEN CORP | COM | 03073E105 |  | 2033409 | 12271 | SH |  | SOLE | 0 | 0 | 0 | 12271 |
| AMGEN INC | COM | 031162100 |  | 4357028 | 16589 | SH |  | SOLE | 0 | 0 | 0 | 16589 |
| ANALOG DEVICES INC | COM | 032654105 |  | 222589 | 1357 | SH |  | SOLE | 0 | 0 | 0 | 1357 |
| APPLE INC | COM | 037833100 |  | 91222067 | 702086 | SH |  | SOLE | 0 | 0 | 0 | 702086 |
| AT INC | COM | 00206R102 |  | 13537078 | 735317 | SH |  | SOLE | 0 | 0 | 0 | 735317 |
| AUTOMATIC DATA PROCESSING IN | COM | 053015103 |  | 11731826 | 49116 | SH |  | SOLE | 0 | 0 | 0 | 49116 |
| AUTOZONE INC | COM | 053332102 |  | 217024 | 88 | SH |  | SOLE | 0 | 0 | 0 | 88 |
| AVERY DENNISON CORP | COM | 053611109 |  | 299495 | 1655 | SH |  | SOLE | 0 | 0 | 0 | 1655 |
| BANCO SANTANDER S.A. | ADR | 05964H105 |  | 64299 | 21796 | SH |  | SOLE | 0 | 0 | 0 | 21796 |
| BANK AMERICA CORP | COM | 060505104 |  | 598500 | 18071 | SH |  | SOLE | 0 | 0 | 0 | 18071 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 5368727 | 17380 | SH |  | SOLE | 0 | 0 | 0 | 17380 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 468711 | 1 | SH |  | SOLE | 0 | 0 | 0 | 1 |
| BEST BUY INC | COM | 086516101 |  | 460204 | 5737 | SH |  | SOLE | 0 | 0 | 0 | 5737 |
| BLACKROCK INC | COM | 09247X101 |  | 39015738 | 55058 | SH |  | SOLE | 0 | 0 | 0 | 55058 |
| BOEING CO | COM | 097023105 |  | 283950 | 1491 | SH |  | SOLE | 0 | 0 | 0 | 1491 |
| BOOZ ALLEN HAMILTON HLDG COR | CL A | 099502106 |  | 361514 | 3459 | SH |  | SOLE | 0 | 0 | 0 | 3459 |
| BRISTOL-MYERS SQUIBB CO | COM | 110122108 |  | 3718986 | 51688 | SH |  | SOLE | 0 | 0 | 0 | 51688 |
| BROADCOM INC | COM | 11135F101 |  | 71303508 | 127526 | SH |  | SOLE | 0 | 0 | 0 | 127526 |
| BUILDERS FIRSTSOURCE INC | COM | 12008R107 |  | 1007104 | 15523 | SH |  | SOLE | 0 | 0 | 0 | 15523 |
| CADENCE DESIGN SYSTEM INC | COM | 127387108 |  | 325988 | 2029 | SH |  | SOLE | 0 | 0 | 0 | 2029 |
| CARRIER GLOBAL CORPORATION | COM | 14448C104 |  | 435147 | 10549 | SH |  | SOLE | 0 | 0 | 0 | 10549 |
| CATERPILLAR INC | COM | 149123101 |  | 2737195 | 11426 | SH |  | SOLE | 0 | 0 | 0 | 11426 |
| CHENIERE ENERGY INC | COM NEW | 16411R208 |  | 850365 | 5671 | SH |  | SOLE | 0 | 0 | 0 | 5671 |
| CHEVRON CORP NEW | COM | 166764100 |  | 43366183 | 241608 | SH |  | SOLE | 0 | 0 | 0 | 241608 |
| CINCINNATI FINL CORP | COM | 172062101 |  | 4250618 | 41514 | SH |  | SOLE | 0 | 0 | 0 | 41514 |
| CINTAS CORP | COM | 172908105 |  | 439590 | 973 | SH |  | SOLE | 0 | 0 | 0 | 973 |
| CISCO SYS INC | COM | 17275R102 |  | 4986047 | 104661 | SH |  | SOLE | 0 | 0 | 0 | 104661 |
| CLOROX CO DEL | COM | 189054109 |  | 2901182 | 20674 | SH |  | SOLE | 0 | 0 | 0 | 20674 |
| CNO FINL GROUP INC | COM | 12621E103 |  | 457411 | 20018 | SH |  | SOLE | 0 | 0 | 0 | 20018 |
| COCA COLA CO | COM | 191216100 |  | 3289205 | 51709 | SH |  | SOLE | 0 | 0 | 0 | 51709 |
| COLGATE PALMOLIVE CO | COM | 194162103 |  | 283339 | 3596 | SH |  | SOLE | 0 | 0 | 0 | 3596 |
| COMCAST CORP NEW | CL A | 20030N101 |  | 743644 | 21265 | SH |  | SOLE | 0 | 0 | 0 | 21265 |
| CONOCOPHILLIPS | COM | 20825C104 |  | 278244 | 2358 | SH |  | SOLE | 0 | 0 | 0 | 2358 |
| COPART INC | COM | 217204106 |  | 242503 | 3983 | SH |  | SOLE | 0 | 0 | 0 | 3983 |
| COSTCO WHSL CORP NEW | COM | 22160K105 |  | 59675810 | 130725 | SH |  | SOLE | 0 | 0 | 0 | 130725 |
| CRANE HLDGS CO | COM | 224441105 |  | 365839 | 3642 | SH |  | SOLE | 0 | 0 | 0 | 3642 |
| CSX CORP | COM | 126408103 |  | 5756695 | 185820 | SH |  | SOLE | 0 | 0 | 0 | 185820 |
| CUMMINS INC | COM | 231021106 |  | 49045180 | 202423 | SH |  | SOLE | 0 | 0 | 0 | 202423 |
| CVS HEALTH CORP | COM | 126650100 |  | 827045 | 8875 | SH |  | SOLE | 0 | 0 | 0 | 8875 |
| DANAHER CORPORATION | COM | 235851102 |  | 334311 | 1260 | SH |  | SOLE | 0 | 0 | 0 | 1260 |
| DEERE  CO | COM | 244199105 |  | 499540 | 1165 | SH |  | SOLE | 0 | 0 | 0 | 1165 |
| DISNEY WALT CO | COM | 254687106 |  | 3273209 | 37675 | SH |  | SOLE | 0 | 0 | 0 | 37675 |
| DNP SELECT INCOME FD INC | COM | 23325P104 |  | 212746 | 18911 | SH |  | SOLE | 0 | 0 | 0 | 18911 |
| DOMINION ENERGY INC | COM | 25746U109 |  | 671732 | 10955 | SH |  | SOLE | 0 | 0 | 0 | 10955 |
| DUKE ENERGY CORP NEW | COM NEW | 26441C204 |  | 3809126 | 36985 | SH |  | SOLE | 0 | 0 | 0 | 36985 |
| ECOLAB INC | COM | 278865100 |  | 3784819 | 26002 | SH |  | SOLE | 0 | 0 | 0 | 26002 |
| ELEVANCE HEALTH INC | COM | 036752103 |  | 1254275 | 2445 | SH |  | SOLE | 0 | 0 | 0 | 2445 |
| EMERSON ELEC CO | COM | 291011104 |  | 814494 | 8479 | SH |  | SOLE | 0 | 0 | 0 | 8479 |
| ENBRIDGE INC | COM | 29250N105 |  | 1099033 | 28108 | SH |  | SOLE | 0 | 0 | 0 | 28108 |
| ENERGY TRANSFER L P | COM UT LTD PTN | 29273V100 |  | 880493 | 74178 | SH |  | SOLE | 0 | 0 | 0 | 74178 |
| EQUIFAX INC | COM | 294429105 |  | 924376 | 4756 | SH |  | SOLE | 0 | 0 | 0 | 4756 |
| ERIE INDTY CO | CL A | 29530P102 |  | 2350653 | 9451 | SH |  | SOLE | 0 | 0 | 0 | 9451 |
| EXXON MOBIL CORP | COM | 30231G102 |  | 47021050 | 426301 | SH |  | SOLE | 0 | 0 | 0 | 426301 |
| FIFTH THIRD BANCORP | COM | 316773100 |  | 309862 | 9444 | SH |  | SOLE | 0 | 0 | 0 | 9444 |
| FIRST FINL CORP IND | COM | 320218100 |  | 798981 | 17339 | SH |  | SOLE | 0 | 0 | 0 | 17339 |
| FIRST INTERNET BANCORP | COM | 320557101 |  | 283445 | 11674 | SH |  | SOLE | 0 | 0 | 0 | 11674 |
| GENUINE PARTS CO | COM | 372460105 |  | 610352 | 3518 | SH |  | SOLE | 0 | 0 | 0 | 3518 |
| GERMAN AMERN BANCORP INC | COM | 373865104 |  | 1603937 | 43001 | SH |  | SOLE | 0 | 0 | 0 | 43001 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 740493 | 8625 | SH |  | SOLE | 0 | 0 | 0 | 8625 |
| GODADDY INC | CL A | 380237107 |  | 947159 | 12659 | SH |  | SOLE | 0 | 0 | 0 | 12659 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 1613139 | 4698 | SH |  | SOLE | 0 | 0 | 0 | 4698 |
| HERSHEY CO | COM | 427866108 |  | 981872 | 4240 | SH |  | SOLE | 0 | 0 | 0 | 4240 |
| HOME DEPOT INC | COM | 437076102 |  | 62739338 | 198630 | SH |  | SOLE | 0 | 0 | 0 | 198630 |
| HONEYWELL INTL INC | COM | 438516106 |  | 928776 | 4334 | SH |  | SOLE | 0 | 0 | 0 | 4334 |
| HUMANA INC | COM | 444859102 |  | 291948 | 570 | SH |  | SOLE | 0 | 0 | 0 | 570 |
| HUNTINGTON BANCSHARES INC | COM | 446150104 |  | 681596 | 48340 | SH |  | SOLE | 0 | 0 | 0 | 48340 |
| ILLINOIS TOOL WKS INC | COM | 452308109 |  | 612562 | 2781 | SH |  | SOLE | 0 | 0 | 0 | 2781 |
| INTEL CORP | COM | 458140100 |  | 408342 | 15450 | SH |  | SOLE | 0 | 0 | 0 | 15450 |
| INTERNATIONAL BUSINESS MACHS | COM | 459200101 |  | 1434351 | 10181 | SH |  | SOLE | 0 | 0 | 0 | 10181 |
| INTERNATIONAL PAPER CO | COM | 460146103 |  | 427874 | 12356 | SH |  | SOLE | 0 | 0 | 0 | 12356 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 827140 | 24832 | SH |  | SOLE | 0 | 0 | 0 | 24832 |
| INTUIT | COM | 461202103 |  | 5688204 | 14614 | SH |  | SOLE | 0 | 0 | 0 | 14614 |
| INVESCO EXCH TRADED FD TR II | TAXABLE MUN BD | 46138G805 |  | 13041030 | 507236 | SH |  | SOLE | 0 | 0 | 0 | 507236 |
| INVESCO EXCHANGE TRADED FD T | S EQL ENR | 46137V365 |  | 511134 | 7032 | SH |  | SOLE | 0 | 0 | 0 | 7032 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 432790 | 3064 | SH |  | SOLE | 0 | 0 | 0 | 3064 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 462428 | 1737 | SH |  | SOLE | 0 | 0 | 0 | 1737 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 4505681 | 46455 | SH |  | SOLE | 0 | 0 | 0 | 46455 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 6364168 | 63553 | SH |  | SOLE | 0 | 0 | 0 | 63553 |
| ISHARES TR | FLTG RATE NT ETF | 46429B655 |  | 932716 | 18532 | SH |  | SOLE | 0 | 0 | 0 | 18532 |
| ISHARES TR | PFD AND INCM SEC | 464288687 |  | 1867248 | 61161 | SH |  | SOLE | 0 | 0 | 0 | 61161 |
| ISHARES TR | AGENCY BOND ETF | 464288166 |  | 266607 | 2505 | SH |  | SOLE | 0 | 0 | 0 | 2505 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 505284 | 6225 | SH |  | SOLE | 0 | 0 | 0 | 6225 |
| ISHARES TR | ISHARES SEMICDTR | 464287523 |  | 4415967 | 12690 | SH |  | SOLE | 0 | 0 | 0 | 12690 |
| ISHARES TR | IBOXX INV CP ETF | 464287242 |  | 7701494 | 73048 | SH |  | SOLE | 0 | 0 | 0 | 73048 |
| ISHARES TR | BLACKROCK ULTRA | 46434V878 |  | 36185735 | 723136 | SH |  | SOLE | 0 | 0 | 0 | 723136 |
| ISHARES TR | SHRT NAT MUN ETF | 464288158 |  | 306137 | 2936 | SH |  | SOLE | 0 | 0 | 0 | 2936 |
| ISHARES TR | SELECT DIVID ETF | 464287168 |  | 299395 | 2483 | SH |  | SOLE | 0 | 0 | 0 | 2483 |
| ISHARES TR | US TREAS BD ETF | 46429B267 |  | 1476216 | 64974 | SH |  | SOLE | 0 | 0 | 0 | 64974 |
| ISHARES TR | CORE S SCP ETF | 464287804 |  | 539615 | 5702 | SH |  | SOLE | 0 | 0 | 0 | 5702 |
| ISHARES TR | CORE S ETF | 464287200 |  | 459808 | 1197 | SH |  | SOLE | 0 | 0 | 0 | 1197 |
| ISHARES TR | MSCI USA MMENTM | 46432F396 |  | 12629089 | 86542 | SH |  | SOLE | 0 | 0 | 0 | 86542 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 378892 | 5772 | SH |  | SOLE | 0 | 0 | 0 | 5772 |
| ISHARES TR | CORE S MCP ETF | 464287507 |  | 257937 | 1066 | SH |  | SOLE | 0 | 0 | 0 | 1066 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 1067129 | 4981 | SH |  | SOLE | 0 | 0 | 0 | 4981 |
| ISHARES TR | RUSSELL 2000 ETF | 464287655 |  | 553422 | 3174 | SH |  | SOLE | 0 | 0 | 0 | 3174 |
| ISHARES U S ETF TR | BLACKROCK ST MAT | 46431W507 |  | 37046776 | 751913 | SH |  | SOLE | 0 | 0 | 0 | 751913 |
| ISHARES U S ETF TR | BLACKROCK SHORT | 46431W838 |  | 687304 | 13824 | SH |  | SOLE | 0 | 0 | 0 | 13824 |
| J P MORGAN EXCHANGE TRADED F | ULTRA SHRT INC | 46641Q837 |  | 2939272 | 58633 | SH |  | SOLE | 0 | 0 | 0 | 58633 |
| JOHNSON  JOHNSON | COM | 478160104 |  | 60403157 | 341937 | SH |  | SOLE | 0 | 0 | 0 | 341937 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 42995832 | 320625 | SH |  | SOLE | 0 | 0 | 0 | 320625 |
| KIMBERLY-CLARK CORP | COM | 494368103 |  | 367011 | 2704 | SH |  | SOLE | 0 | 0 | 0 | 2704 |
| KINDER MORGAN INC DEL | COM | 49456B101 |  | 227274 | 12570 | SH |  | SOLE | 0 | 0 | 0 | 12570 |
| L3HARRIS TECHNOLOGIES INC | COM | 502431109 |  | 369573 | 1775 | SH |  | SOLE | 0 | 0 | 0 | 1775 |
| LAM RESEARCH CORP | COM | 512807108 |  | 218464 | 520 | SH |  | SOLE | 0 | 0 | 0 | 520 |
| LAUDER ESTEE COS INC | CL A | 518439104 |  | 4523029 | 18230 | SH |  | SOLE | 0 | 0 | 0 | 18230 |
| LEAP THERAPEUTICS INC | COM | 52187K101 |  | 4500 | 10000 | SH |  | SOLE | 0 | 0 | 0 | 10000 |
| LENNOX INTL INC | COM | 526107107 |  | 1480248 | 6188 | SH |  | SOLE | 0 | 0 | 0 | 6188 |
| LILLY ELI  CO | COM | 532457108 |  | 17229201 | 47095 | SH |  | SOLE | 0 | 0 | 0 | 47095 |
| LINDE PLC | SHS | G5494J103 |  | 1216348 | 3729 | SH |  | SOLE | 0 | 0 | 0 | 3729 |
| LOCKHEED MARTIN CORP | COM | 539830109 |  | 51380670 | 105615 | SH |  | SOLE | 0 | 0 | 0 | 105615 |
| MAGELLAN MIDSTREAM PRTNRS LP | COM UNIT RP LP | 559080106 |  | 399938 | 7965 | SH |  | SOLE | 0 | 0 | 0 | 7965 |
| MARSH  MCLENNAN COS INC | COM | 571748102 |  | 773055 | 4672 | SH |  | SOLE | 0 | 0 | 0 | 4672 |
| MASTERCARD INCORPORATED | CL A | 57636Q104 |  | 1496259 | 4303 | SH |  | SOLE | 0 | 0 | 0 | 4303 |
| MCDONALDS CORP | COM | 580135101 |  | 6424631 | 24379 | SH |  | SOLE | 0 | 0 | 0 | 24379 |
| MEDTRONIC PLC | SHS | G5960L103 |  | 30631019 | 394120 | SH |  | SOLE | 0 | 0 | 0 | 394120 |
| MERCK  CO INC | COM | 58933Y105 |  | 71374124 | 643300 | SH |  | SOLE | 0 | 0 | 0 | 643300 |
| META PLATFORMS INC | CL A | 30303M102 |  | 230137 | 1912 | SH |  | SOLE | 0 | 0 | 0 | 1912 |
| MICROSOFT CORP | COM | 594918104 |  | 81563443 | 340103 | SH |  | SOLE | 0 | 0 | 0 | 340103 |
| MOODYS CORP | COM | 615369105 |  | 4187792 | 15030 | SH |  | SOLE | 0 | 0 | 0 | 15030 |
| MORGAN STANLEY | COM NEW | 617446448 |  | 4551660 | 53536 | SH |  | SOLE | 0 | 0 | 0 | 53536 |
| MSCI INC | COM | 55354G100 |  | 3656366 | 7860 | SH |  | SOLE | 0 | 0 | 0 | 7860 |
| NASDAQ INC | COM | 631103108 |  | 415033 | 6765 | SH |  | SOLE | 0 | 0 | 0 | 6765 |
| NATIONAL FUEL GAS CO | COM | 636180101 |  | 512730 | 8100 | SH |  | SOLE | 0 | 0 | 0 | 8100 |
| NETFLIX INC | COM | 64110L106 |  | 306085 | 1038 | SH |  | SOLE | 0 | 0 | 0 | 1038 |
| NEXTERA ENERGY INC | COM | 65339F101 |  | 72018829 | 861469 | SH |  | SOLE | 0 | 0 | 0 | 861469 |
| NIKE INC | CL B | 654106103 |  | 5393459 | 46094 | SH |  | SOLE | 0 | 0 | 0 | 46094 |
| NORTHROP GRUMMAN CORP | COM | 666807102 |  | 49407341 | 90554 | SH |  | SOLE | 0 | 0 | 0 | 90554 |
| NOVO-NORDISK A S | ADR | 670100205 |  | 2683116 | 19825 | SH |  | SOLE | 0 | 0 | 0 | 19825 |
| NVIDIA CORPORATION | COM | 67066G104 |  | 1247091 | 8534 | SH |  | SOLE | 0 | 0 | 0 | 8534 |
| OLD NATL BANCORP IND | COM | 680033107 |  | 247045 | 13740 | SH |  | SOLE | 0 | 0 | 0 | 13740 |
| ONEOK INC NEW | COM | 682680103 |  | 1129187 | 17187 | SH |  | SOLE | 0 | 0 | 0 | 17187 |
| ORACLE CORP | COM | 68389X105 |  | 317069 | 3879 | SH |  | SOLE | 0 | 0 | 0 | 3879 |
| OREILLY AUTOMOTIVE INC | COM | 67103H107 |  | 4427516 | 5246 | SH |  | SOLE | 0 | 0 | 0 | 5246 |
| OTIS WORLDWIDE CORP | COM | 68902V107 |  | 346504 | 4425 | SH |  | SOLE | 0 | 0 | 0 | 4425 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 857156 | 6143 | SH |  | SOLE | 0 | 0 | 0 | 6143 |
| PAYCHEX INC | COM | 704326107 |  | 59874122 | 518122 | SH |  | SOLE | 0 | 0 | 0 | 518122 |
| PENSKE AUTOMOTIVE GRP INC | COM | 70959W103 |  | 223347 | 1943 | SH |  | SOLE | 0 | 0 | 0 | 1943 |
| PEPSICO INC | COM | 713448108 |  | 4011250 | 22203 | SH |  | SOLE | 0 | 0 | 0 | 22203 |
| PFIZER INC | COM | 717081103 |  | 26937240 | 525707 | SH |  | SOLE | 0 | 0 | 0 | 525707 |
| PHILLIPS 66 | COM | 718546104 |  | 234596 | 2254 | SH |  | SOLE | 0 | 0 | 0 | 2254 |
| PINDUODUO INC | SPONSORED ADS | 722304102 |  | 1055936 | 12948 | SH |  | SOLE | 0 | 0 | 0 | 12948 |
| PNC FINL SVCS GROUP INC | COM | 693475105 |  | 673140 | 4262 | SH |  | SOLE | 0 | 0 | 0 | 4262 |
| PRICE T ROWE GROUP INC | COM | 74144T108 |  | 22644462 | 207633 | SH |  | SOLE | 0 | 0 | 0 | 207633 |
| PROCTER AND GAMBLE CO | COM | 742718109 |  | 45717727 | 301648 | SH |  | SOLE | 0 | 0 | 0 | 301648 |
| PROGRESSIVE CORP | COM | 743315103 |  | 1542447 | 11892 | SH |  | SOLE | 0 | 0 | 0 | 11892 |
| PROSHARES TR | PSHS ULT S 500 | 74347R107 |  | 533400 | 12000 | SH |  | SOLE | 0 | 0 | 0 | 12000 |
| PROSHARES TR | SHORT BITCOIN | 74347G291 |  | 517270 | 13000 | SH |  | SOLE | 0 | 0 | 0 | 13000 |
| PROSHARES TR | S 500 DV ARIST | 74348A467 |  | 13016647 | 144645 | SH |  | SOLE | 0 | 0 | 0 | 144645 |
| PROSHARES TR | PSHS ULTRA QQQ | 74347R206 |  | 492452 | 14054 | SH |  | SOLE | 0 | 0 | 0 | 14054 |
| PRUDENTIAL FINL INC | COM | 744320102 |  | 1020744 | 10263 | SH |  | SOLE | 0 | 0 | 0 | 10263 |
| RAYTHEON TECHNOLOGIES CORP | COM | 75513E101 |  | 39678682 | 393170 | SH |  | SOLE | 0 | 0 | 0 | 393170 |
| REPUBLIC SVCS INC | COM | 760759100 |  | 2993695 | 23209 | SH |  | SOLE | 0 | 0 | 0 | 23209 |
| ROPER TECHNOLOGIES INC | COM | 776696106 |  | 219493 | 508 | SH |  | SOLE | 0 | 0 | 0 | 508 |
| ROYAL BK CDA SUSTAINABL | COM | 780087102 |  | 22726159 | 241716 | SH |  | SOLE | 0 | 0 | 0 | 241716 |
| SALESFORCE INC | COM | 79466L302 |  | 870776 | 6567 | SH |  | SOLE | 0 | 0 | 0 | 6567 |
| SCHWAB STRATEGIC TR | US LCAP GR ETF | 808524300 |  | 324582 | 5842 | SH |  | SOLE | 0 | 0 | 0 | 5842 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 1827450 | 14685 | SH |  | SOLE | 0 | 0 | 0 | 14685 |
| SELECT SECTOR SPDR TR | SBI CONS STPLS | 81369Y308 |  | 394389 | 5290 | SH |  | SOLE | 0 | 0 | 0 | 5290 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 5841961 | 66788 | SH |  | SOLE | 0 | 0 | 0 | 66788 |
| SELECT SECTOR SPDR TR | SBI INT-INDS | 81369Y704 |  | 1432008 | 14581 | SH |  | SOLE | 0 | 0 | 0 | 14581 |
| SELECT SECTOR SPDR TR | SBI INT-UTILS | 81369Y886 |  | 680466 | 9652 | SH |  | SOLE | 0 | 0 | 0 | 9652 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 2968597 | 21852 | SH |  | SOLE | 0 | 0 | 0 | 21852 |
| SELECT SECTOR SPDR TR | FINANCIAL | 81369Y605 |  | 3508703 | 102594 | SH |  | SOLE | 0 | 0 | 0 | 102594 |
| SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 |  | 308877 | 2391 | SH |  | SOLE | 0 | 0 | 0 | 2391 |
| SERVICENOW INC | COM | 81762P102 |  | 889021 | 2290 | SH |  | SOLE | 0 | 0 | 0 | 2290 |
| SOUTHERN CO | COM | 842587107 |  | 34317935 | 480576 | SH |  | SOLE | 0 | 0 | 0 | 480576 |
| SPDR DOW JONES INDL AVERAGE | UT SER 1 | 78467X109 |  | 365858 | 1104 | SH |  | SOLE | 0 | 0 | 0 | 1104 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 3312849 | 8663 | SH |  | SOLE | 0 | 0 | 0 | 8663 |
| SPDR SER TR | PRTFLO S GW | 78464A409 |  | 282684 | 5579 | SH |  | SOLE | 0 | 0 | 0 | 5579 |
| SPDR SER TR | S DIVID ETF | 78464A763 |  | 1432118 | 11447 | SH |  | SOLE | 0 | 0 | 0 | 11447 |
| SPDR SER TR | BLOOMBERG 1-3 MO | 78468R663 |  | 759201 | 8300 | SH |  | SOLE | 0 | 0 | 0 | 8300 |
| STARBUCKS CORP | COM | 855244109 |  | 2587888 | 26088 | SH |  | SOLE | 0 | 0 | 0 | 26088 |
| STRYKER CORPORATION | COM | 863667101 |  | 559000 | 2286 | SH |  | SOLE | 0 | 0 | 0 | 2286 |
| TAIWAN SEMICONDUCTOR MFG LTD | SPONSORED ADS | 874039100 |  | 918623 | 12332 | SH |  | SOLE | 0 | 0 | 0 | 12332 |
| TAKE-TWO INTERACTIVE SOFTWAR | COM | 874054109 |  | 2250553 | 21613 | SH |  | SOLE | 0 | 0 | 0 | 21613 |
| TESLA INC | COM | 88160R101 |  | 933358 | 7577 | SH |  | SOLE | 0 | 0 | 0 | 7577 |
| TEXAS INSTRS INC | COM | 882508104 |  | 41731601 | 252582 | SH |  | SOLE | 0 | 0 | 0 | 252582 |
| THERMO FISHER SCIENTIFIC INC | COM | 883556102 |  | 2647455 | 4808 | SH |  | SOLE | 0 | 0 | 0 | 4808 |
| TJX COS INC NEW | COM | 872540109 |  | 308692 | 3878 | SH |  | SOLE | 0 | 0 | 0 | 3878 |
| TORONTO DOMINION BK ONT | COM NEW | 891160509 |  | 1032142 | 15938 | SH |  | SOLE | 0 | 0 | 0 | 15938 |
| TRAVELERS COMPANIES INC | COM | 89417E109 |  | 472082 | 2518 | SH |  | SOLE | 0 | 0 | 0 | 2518 |
| UNION PAC CORP | COM | 907818108 |  | 39329801 | 189935 | SH |  | SOLE | 0 | 0 | 0 | 189935 |
| UNITED PARCEL SERVICE INC | CL B | 911312106 |  | 5065372 | 29138 | SH |  | SOLE | 0 | 0 | 0 | 29138 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 9485786 | 17892 | SH |  | SOLE | 0 | 0 | 0 | 17892 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 43295316 | 341284 | SH |  | SOLE | 0 | 0 | 0 | 341284 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 278635 | 793 | SH |  | SOLE | 0 | 0 | 0 | 793 |
| VANGUARD INDEX FDS | MCAP VL IDXVIP | 922908512 |  | 284027 | 2100 | SH |  | SOLE | 0 | 0 | 0 | 2100 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 921475 | 4820 | SH |  | SOLE | 0 | 0 | 0 | 4820 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 218696 | 1558 | SH |  | SOLE | 0 | 0 | 0 | 1558 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 2870195 | 13468 | SH |  | SOLE | 0 | 0 | 0 | 13468 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 364954 | 4854 | SH |  | SOLE | 0 | 0 | 0 | 4854 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 6487812 | 42725 | SH |  | SOLE | 0 | 0 | 0 | 42725 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 1220717 | 11281 | SH |  | SOLE | 0 | 0 | 0 | 11281 |
| VERISK ANALYTICS INC | COM | 92345Y106 |  | 392887 | 2227 | SH |  | SOLE | 0 | 0 | 0 | 2227 |
| VERIZON COMMUNICATIONS INC | COM | 92343V104 |  | 945967 | 24009 | SH |  | SOLE | 0 | 0 | 0 | 24009 |
| VISA INC | COM CL A | 92826C839 |  | 8250989 | 39714 | SH |  | SOLE | 0 | 0 | 0 | 39714 |
| WALMART INC | COM | 931142103 |  | 1017399 | 7175 | SH |  | SOLE | 0 | 0 | 0 | 7175 |
| WASTE MGMT INC DEL | COM | 94106L109 |  | 3705029 | 23617 | SH |  | SOLE | 0 | 0 | 0 | 23617 |
| WATSCO INC | COM | 942622200 |  | 576150 | 2310 | SH |  | SOLE | 0 | 0 | 0 | 2310 |
| WEC ENERGY GROUP INC | COM | 92939U106 |  | 1501441 | 16014 | SH |  | SOLE | 0 | 0 | 0 | 16014 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 329505 | 7980 | SH |  | SOLE | 0 | 0 | 0 | 7980 |
| WHIRLPOOL CORP | COM | 963320106 |  | 404237 | 2858 | SH |  | SOLE | 0 | 0 | 0 | 2858 |
| XCEL ENERGY INC | COM | 98389B100 |  | 447887 | 6388 | SH |  | SOLE | 0 | 0 | 0 | 6388 |
| XYLEM INC | COM | 98419M100 |  | 228498 | 2067 | SH |  | SOLE | 0 | 0 | 0 | 2067 |
| ZIMMER BIOMET HOLDINGS INC | COM | 98956P102 |  | 214965 | 1686 | SH |  | SOLE | 0 | 0 | 0 | 1686 |

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