Ironwood Investment Counsel, LLC
Long book
$694.2M
Q1 2026
Positions
263
Top-10 weight
28%
concentration
Last quarter
+10.3%
SPY +14.8%
Turnover
8%
of book per quarter
Strategy in plain words
auto-generated from filingsIronwood Investment Counsel, LLC is an institutional manager, running a $694.2M US long book across 263 positions.
The portfolio is moderately concentrated (top 10 ≈ 28% of the book). The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: APPLE INC, SCHWAB FNDMNTL US SM CO ETF, MICROSOFT CORP, ALPHABET INC-CL A, AKRE FOCUS ETF.
Over the last 9 quarters its long book ran on average 1.4pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.0%
Q2 2024
+6.0%
Q3 2024
+0.5%
Q4 2024
-2.9%
Q1 2025
+7.6%
Q2 2025
+5.2%
Q3 2025
+3.1%
Q4 2025
-3.3%
Q1 2026
+10.3%
Sector allocation
Technology 33%
Consumer discretionary 13%
Financials 13%
Industrials 11%
Healthcare 8%
Services media 7%
Consumer staples 5%
Utilities 3%
Long book by quarter
What does Ironwood Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| AAPL APPLE INC | Technology | 121.6K | $30.9M | 4.4% | -0.9% |
| MSFT MICROSOFT CORP | Technology | 82.0K | $30.3M | 4.4% | -1.8% |
| GOOGL ALPHABET INC-CL A | Technology | 64.6K | $18.6M | 2.7% | -4.6% |
| JNJ JOHNSON & JOHNSON | Healthcare | 63.1K | $15.4M | 2.2% | -1.6% |
| AMZN AMAZON.COM INC | Consumer discretionary | 72.8K | $15.2M | 2.2% | +2.0% |
| SCHW SCHWAB (CHARLES) CORP | Financials | 126.6K | $11.9M | 1.7% | -0.9% |
| AXP AMERICAN EXPRESS CO | Financials | 37.3K | $11.3M | 1.6% | +1.0% |
| LMT LOCKHEED MARTIN CORP | Industrials | 17.3K | $10.5M | 1.5% | +1.2% |
| MA MASTERCARD INC - A | Services media | 19.1K | $9.5M | 1.4% | +3.8% |
| ACN ACCENTURE PLC-CL A | Services media | 46.5K | $9.2M | 1.3% | +17.1% |
| SYY SYSCO CORP | Consumer discretionary | 119.9K | $8.6M | 1.2% | +2.0% |
| JPM JPMORGAN CHASE & CO | Financials | 28.7K | $8.4M | 1.2% | -1.7% |
| USB US BANCORP | Financials | 154.8K | $8.0M | 1.2% | +3.3% |
| PEP PEPSICO INC | Consumer staples | 48.9K | $7.6M | 1.1% | +9.2% |
| TER TERADYNE INC | Technology | 25.3K | $7.5M | 1.1% | -28.4% |
| KLAC KLA CORP | Other | 4.9K | $7.3M | 1.0% | -34.4% |
| AVGO BROADCOM INC | Technology | 23.2K | $7.2M | 1.0% | -2.6% |
| CTVA CORTEVA INC | Consumer staples | 83.8K | $7.0M | 1.0% | +5.4% |
| CMI CUMMINS INC | Industrials | 12.7K | $6.9M | 1.0% | -31.9% |
| AMGN AMGEN INC | Healthcare | 19.4K | $6.8M | 1.0% | +5.8% |
| LOW LOWE'S COS INC | Consumer discretionary | 28.9K | $6.8M | 1.0% | +8.3% |
| QCOM QUALCOMM INC | Technology | 52.9K | $6.8M | 1.0% | +8.1% |
| CMCSA COMCAST CORP-CLASS A | Communications | 227.3K | $6.5M | 0.9% | +13.2% |
| UPS UNITED PARCEL SERVICE-CL B | Industrials | 66.1K | $6.5M | 0.9% | +7.9% |
| NVDA NVIDIA CORP | Technology | 36.8K | $6.4M | 0.9% | +2.1% |
| ADBE ADOBE INC | Technology | 25.4K | $6.2M | 0.9% | +13.3% |
| DIS WALT DISNEY CO/THE | Services media | 60.7K | $5.9M | 0.8% | +5.6% |
| XOM EXXON MOBIL CORP | Energy | 33.6K | $5.7M | 0.8% | +4.5% |
| MRK MERCK & CO. INC. | Healthcare | 47.2K | $5.7M | 0.8% | -5.9% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 22.3K | $5.4M | 0.8% | -1.7% |
| MCK MCKESSON CORP | Consumer discretionary | 6.0K | $5.2M | 0.7% | -1.7% |
| DG DOLLAR GENERAL CORP | Consumer discretionary | 42.4K | $5.0M | 0.7% | +6.0% |
| HD HOME DEPOT INC | Consumer discretionary | 15.2K | $5.0M | 0.7% | -6.7% |
| OGE OGE ENERGY CORP | Utilities | 100.3K | $4.8M | 0.7% | Held |
| HSY HERSHEY CO/THE | Consumer staples | 22.6K | $4.7M | 0.7% | +3.6% |
| GOOG ALPHABET INC-CL C | Technology | 16.2K | $4.7M | 0.7% | -2.8% |
| CAH CARDINAL HEALTH INC | Consumer discretionary | 21.6K | $4.6M | 0.7% | -3.4% |
| META META PLATFORMS INC-CLASS A | Technology | 8.0K | $4.6M | 0.7% | -10.0% |
| WDAY WORKDAY INC-CLASS A | Technology | 34.9K | $4.5M | 0.7% | +19.6% |
| TSLA TESLA INC | Industrials | 12.2K | $4.5M | 0.7% | +2.1% |
| INTU INTUIT INC | Technology | 10.5K | $4.5M | 0.7% | +348.8% |
| CRM SALESFORCE INC | Technology | 22.7K | $4.2M | 0.6% | +372.7% |
| WMT WALMART INC | Consumer discretionary | 31.4K | $3.9M | 0.6% | -0.7% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 3.9K | $3.9M | 0.6% | -7.0% |
| PG PROCTER & GAMBLE CO/THE | Other | 24.6K | $3.6M | 0.5% | -11.5% |
| ELV ELEVANCE HEALTH INC | Financials | 11.8K | $3.5M | 0.5% | +20.7% |
| GLW CORNING INC | Industrials | 23.4K | $3.2M | 0.5% | -10.2% |
| CSCO CISCO SYSTEMS INC | Technology | 39.9K | $3.1M | 0.4% | -1.6% |
| LLY ELI LILLY & CO | Healthcare | 3.4K | $3.1M | 0.4% | -0.5% |
| T AT&T INC | Communications | 103.0K | $3.0M | 0.4% | -1.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 264 | $694.2M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 6, 2026 | 267 | $716.1M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 5, 2025 | 263 | $685.9M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 8, 2025 | 267 | $647.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 12, 2025 | 240 | $578.9M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 10, 2025 | 246 | $584.4M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 256 | $600.6M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 5, 2024 | 257 | $559.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 257 | $573.3M | canonical | SEC ↗ |
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