Ironwood Investment Counsel, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 5, 2024), Ironwood Investment Counsel, LLC reported 257 stock positions worth $559.9 million. Its top holding was Microsoft (MSFT) at 7.2% of the portfolio, followed by Apple (AAPL, 5.1%) and Schwab Fndmntl US SM Co. ETF (FNDA, 2.6%). Compared with Q1 2024, it opened 10 new positions, sold out of 10, added to 83 and reduced 121. The biggest buy was a new position in Anheuser-Busch Inbev-SPN ADR (BUD) and the biggest sale CVS Health (CVS, shares −94%).
- Most Recent 13F
- Q2 2026
- Location
- SCOTTSDALE, AZ
- CIK
- 0001330463
- Portfolio Value
- $559.9M (Q2 2024)
- SEC Filing
- 0001330463-24-000004 ↗ filed Aug 5, 2024
Holdings Value
Holdings 257 stocks · $559.9M
| MSFT Microsoft Corp. | 7.25% | 90,789 | $40.6M | Reduce -1.3% |
| AAPL Apple Inc. | 5.08% | 135,048 | $28.4M | Reduce -0.3% |
| FNDA Schwab Fndmntl US SM Co. ETF | 2.62% | 267,067 | $14.7M | Add +21.1% |
| GOOGL Alphabet Inc. Class A | 2.40% | 73,634 | $13.4M | Add +1.2% |
| AMZN Amazon.com Inc. | 2.17% | 62,930 | $12.2M | Add +1.1% |
| BERKSHIRE HATHAWAY INC | 1.83% | 25,147 | $10.2M | Add +0.6% |
| SCHW Schwab (charles) Corp. | 1.70% | 129,495 | $9.5M | Add +0.5% |
| AXP American Express Co. | 1.67% | 40,300 | $9.3M | Reduce -1.5% |
| KLAC KLA Corp. | 1.66% | 11,238 | $9.3M | Add +0.7% |
| MRK Merck & Co Inc | 1.62% | 73,247 | $9.1M | Reduce -0.7% |
| JNJ Johnson & Johnson | 1.61% | 61,668 | $9.0M | Add +0.3% |
| ACN Accenture PLC Class A | 1.56% | 28,733 | $8.7M | Reduce -0.4% |
| SYY Sysco Corp. | 1.46% | 114,645 | $8.2M | Add +0.6% |
| MA Mastercard Inc. Class A | 1.42% | 18,012 | $7.9M | Add +1.1% |
| QCOM Qualcomm Inc. | 1.33% | 37,475 | $7.5M | Add +16.6% |
| PEP Pepsico Inc. | 1.33% | 45,022 | $7.4M | Add +0.3% |
| META Meta Platforms Inc. Class A | 1.29% | 14,344 | $7.2M | Add +2.0% |
| ADBE Adobe Inc. | 1.22% | 12,301 | $6.8M | Add +2.8% |
| LMT Lockheed Martin Corp. | 1.22% | 14,573 | $6.8M | Add +0.7% |
| TER Teradyne Inc. | 1.17% | 44,312 | $6.6M | Add +3.3% |
| USB US Bancorp | 1.13% | 159,512 | $6.3M | Add +0.1% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 1.12% | 93,291 | $6.2M | Add +15.8% |
| CMI Cummins Inc. | 1.11% | 22,501 | $6.2M | Add +1.6% |
| IVV iShares Core S&P 500 ETF | 1.09% | 11,189 | $6.1M | Reduce -1.9% |
| FISV Fiserv Inc. | 1.07% | 40,315 | $6.0M | Add +1.6% |
| HYD Vaneck High Yield Muni ETF | 1.05% | 113,686 | $5.9M | Reduce -0.5% |
| MDT Medtronic Inc | 1.02% | 72,505 | $5.7M | Add +2.1% |
| HD Home Depot Inc. | 1.01% | 16,443 | $5.7M | Reduce -3.0% |
| UPS United Parcel Service Class B | 0.99% | 40,686 | $5.6M | Add +2.0% |
| JPM JPMorgan Chase & Co. | 0.98% | 26,997 | $5.5M | Reduce -1.7% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.93% | 52,687 | $5.2M | Add +2.4% |
| LOW Lowe's Cos Inc. | 0.91% | 23,130 | $5.1M | Add +2.7% |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.91% | 87,202 | $5.1M | New |
| CMCSA Comcast Corp. Class A | 0.90% | 128,598 | $5.0M | Add +8.1% |
| PG The Procter & Gamble Co. | 0.89% | 30,124 | $5.0M | Reduce -3.7% |
| SBUX Starbucks Corp. | 0.88% | 63,379 | $4.9M | Add +2.1% |
| AVGO Broadcom Inc. | 0.87% | 3,033 | $4.9M | Add +2.6% |
| MCK McKesson Corp. | 0.84% | 8,047 | $4.7M | Reduce -1.5% |
| NVDA Nvidia Corp. | 0.82% | 37,293 | $4.6M | Reduce -2.8% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.82% | 26,577 | $4.6M | Reduce -5.1% |
| FPE FT-Preferred Secur & Inc. ETF | 0.75% | 242,249 | $4.2M | Reduce -51.6% |
| COST Costco Wholesale Corp. | 0.73% | 4,824 | $4.1M | Reduce -1.9% |
| LH Laboratory CRP of Amer Hldgs | 0.73% | 20,065 | $4.1M | Add +22.0% |
| XOM Exxon Mobil Corp. | 0.68% | 32,932 | $3.8M | Reduce -1.1% |
| AGG iShares Core U.S. Aggregate | 0.66% | 38,284 | $3.7M | Reduce -60.5% |
| CAH Cardinal Health Inc. | 0.65% | 37,228 | $3.7M | Reduce -1.6% |
| HSY The Hershey Co. | 0.65% | 19,810 | $3.6M | Add +5.8% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.65% | 6,650 | $3.6M | Add +1.3% |
| OGE Oge Energy Corp. | 0.64% | 100,289 | $3.6M | No change |
| WDAY Workday Inc. Class A | 0.62% | 15,592 | $3.5M | New |
| CTVA Corteva Inc. | 0.61% | 63,399 | $3.4M | Add +4.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.60% | 15,392 | $3.4M | Reduce -2.1% |
| GOOG Alphabet Inc. Class C | 0.59% | 17,951 | $3.3M | Reduce -0.8% |
| JPST JPMorgan Ultra-Short Income | 0.57% | 63,462 | $3.2M | Add +17.3% |
| VZ Verizon Communications Inc. | 0.56% | 76,400 | $3.2M | Add +6.7% |
| LLY Eli Lilly & Co. | 0.56% | 3,480 | $3.2M | Add +1.5% |
| DG Dollar General Corp. | 0.55% | 23,415 | $3.1M | Add +5.4% |
| MCD McDonald's Corp. | 0.51% | 11,298 | $2.9M | Add +0.2% |
| VOO Vanguard S&P 500 ETF | 0.51% | 5,687 | $2.8M | Reduce -1.1% |
| CVX Chevron Corp. | 0.48% | 17,159 | $2.7M | Add +2.4% |
| CSCO Cisco Systems Inc. | 0.45% | 52,990 | $2.5M | Reduce -69.5% |
| BRO Brown & Brown Inc. | 0.45% | 28,113 | $2.5M | Reduce -30.4% |
| OMC Omnicom Group | 0.44% | 27,175 | $2.4M | Reduce -1.2% |
| T AT&T Inc. | 0.44% | 127,528 | $2.4M | Add +2.7% |
| WMT Walmart Inc. | 0.42% | 34,690 | $2.3M | Reduce -0.4% |
| IWD iShares Russell 1000 Value E | 0.41% | 13,279 | $2.3M | Add +1.2% |
| VCIT Vanguard Int-Term Corporate | 0.40% | 28,098 | $2.2M | Add +1.5% |
| EFV iShares MSCI Eafe Value ETF | 0.37% | 39,131 | $2.1M | Reduce -4.8% |
| PAYX Paychex Inc. | 0.35% | 16,606 | $2.0M | Reduce -1.1% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.34% | 37,740 | $1.9M | Add +15.1% |
| MDLZ Mondelez International Inc. Class A | 0.34% | 28,928 | $1.9M | Reduce -0.0% |
| VEA Vanguard Ftse Developed ETF | 0.32% | 36,136 | $1.8M | Reduce -8.5% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.32% | 15,363 | $1.8M | Reduce -4.0% |
| ADP Automatic Data Processing | 0.31% | 7,226 | $1.7M | Add +1.4% |
| EMR Emerson Electric Co. | 0.31% | 15,628 | $1.7M | Reduce -5.8% |
| INTU Intuit Inc. | 0.31% | 2,617 | $1.7M | Reduce -2.5% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.30% | 36,022 | $1.7M | Reduce -9.2% |
| VIG Vanguard Dividend Apprec ETF | 0.30% | 9,328 | $1.7M | Reduce -10.2% |
| UNH Unitedhealth Group Inc. | 0.30% | 3,321 | $1.7M | Reduce -4.8% |
| SHY iShares 1-3 Year Treasury Bo | 0.30% | 20,712 | $1.7M | Reduce -9.6% |
| ABBV Abbvie Inc. | 0.30% | 9,831 | $1.7M | Reduce -2.3% |
| HUBB Hubbell Inc. | 0.30% | 4,528 | $1.7M | Reduce -0.2% |
| GIS General Mills Inc. | 0.29% | 25,997 | $1.6M | Reduce -0.1% |
| WM Waste Management Inc. | 0.29% | 7,609 | $1.6M | Add +1.1% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.28% | 20,503 | $1.6M | Add +2.5% |
| KO The Coca-Cola Co. | 0.28% | 24,837 | $1.6M | Reduce -1.1% |
| V Visa Inc. Class A | 0.28% | 5,944 | $1.6M | Add +0.0% |
| MS Morgan Stanley | 0.28% | 15,993 | $1.6M | Add +0.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.27% | 19,644 | $1.5M | Add +4.6% |
| GLW Corning Inc. | 0.27% | 38,963 | $1.5M | Add +28.0% |
| TSLA Tesla Inc. | 0.26% | 7,294 | $1.4M | Reduce -33.1% |
| AMGN Amgen Inc. | 0.26% | 4,614 | $1.4M | Add +1.0% |
| APD Air Products & Chemicals Inc. | 0.26% | 5,554 | $1.4M | Add +1.7% |
| EFG iShares MSCI Eafe Growth ETF | 0.25% | 13,677 | $1.4M | Reduce -1.6% |
| Abbott Laboratories | 0.25% | 13,430 | $1.4M | Reduce -1.3% |
| VIGI Vanguard Int Div App Indx FD | 0.25% | 16,909 | $1.4M | Reduce -2.1% |
| SCHD Schwab US DVD Equity ETF | 0.24% | 17,275 | $1.3M | Add +83.2% |
| QQQ Invesco QQQ Trust Series 1 | 0.24% | 2,783 | $1.3M | Add +4.6% |
| MCO Moody's Corp. | 0.23% | 3,104 | $1.3M | No change |
| ISRG Intuitive Surgical Inc. | 0.23% | 2,899 | $1.3M | Reduce -3.4% |
Portfolio Sells Q1 2024 → Q2 2024
| CVS CVS Health Corp. | Reduce -94.3% | 0.06% | −1.28 |
| CSCO Cisco Systems Inc. | Reduce -69.5% | 0.45% | −1.06 |
| AGG iShares Core U.S. Aggregate | Reduce -60.5% | 0.66% | −0.99 |
| TWO RDS SHARED TR | Sold out | 0.00% | −0.92 |
| FPE FT-Preferred Secur & Inc. ETF | Reduce -51.6% | 0.75% | −0.76 |
| ACN Accenture PLC Class A | Reduce -0.4% | 1.56% | −0.19 |
| BRO Brown & Brown Inc. | Reduce -30.4% | 0.45% | −0.17 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.14 |
| HD Home Depot Inc. | Reduce -3.0% | 1.01% | −0.12 |
| IBM Intl Business Machines Corp. | Reduce -5.1% | 0.82% | −0.11 |
| BND Vanguard Total Bond Market | Sold out | 0.00% | −0.11 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -59.7% | 0.07% | −0.10 |
| CAH Cardinal Health Inc. | Reduce -1.6% | 0.65% | −0.08 |
| MRK Merck & Co Inc | Reduce -0.7% | 1.62% | −0.08 |
| TSLA Tesla Inc. | Reduce -33.1% | 0.26% | −0.08 |
| VRP Invesco Variable Rate Prefer | Reduce -30.5% | 0.17% | −0.07 |
| INTC Intel Corp. | Reduce -0.9% | 0.16% | −0.07 |
| TTC Toro Co. | Sold out | 0.00% | −0.06 |
| HRL Hormel Foods Corp. | Sold out | 0.00% | −0.04 |
| BSV Vanguard Short-Term Bond ETF | Sold out | 0.00% | −0.04 |
| ZBH Zimmer Biomet Holdings Inc. | Sold out | 0.00% | −0.04 |
| MTN Vail Resorts Inc. | Sold out | 0.00% | −0.04 |
| MKL Markel Group Inc. | Sold out | 0.00% | −0.04 |
| PNC PNC Financial Services Group | Sold out | 0.00% | −0.04 |
| BEN Franklin Templeton Inc. | Reduce -2.0% | 0.14% | −0.03 |
| HUBB Hubbell Inc. | Reduce -0.2% | 0.30% | −0.03 |
| TAP Molson Coors Beverage Co. Class B | Reduce -5.8% | 0.08% | −0.03 |
| BA The Boeing Co. | Reduce -30.6% | 0.06% | −0.03 |
| OMC Omnicom Group | Reduce -1.2% | 0.44% | −0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -2.1% | 0.60% | −0.03 |
| VIG Vanguard Dividend Apprec ETF | Reduce -10.2% | 0.30% | −0.03 |
| VEA Vanguard Ftse Developed ETF | Reduce -8.5% | 0.32% | −0.03 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -9.6% | 0.30% | −0.02 |
| NKE Nike Inc. Class B | Reduce -3.9% | 0.09% | −0.02 |
| AMD Advanced Micro Devices | Reduce -8.1% | 0.14% | −0.02 |
| BLK BlackRock Finance Inc. | Reduce -7.7% | 0.20% | −0.02 |
| CRM Salesforce Inc. | Reduce -1.2% | 0.16% | −0.02 |
| TROW T Rowe Price Group Inc. | Reduce -4.0% | 0.32% | −0.02 |
| CLX Clorox Company | Reduce -1.7% | 0.21% | −0.02 |
| GIS General Mills Inc. | Reduce -0.1% | 0.29% | −0.02 |
| ISTB iShares Core 1-5 Year Usd Bo | Reduce -9.2% | 0.30% | −0.02 |
| GE General Electric | Reduce -18.8% | 0.07% | −0.02 |
| COF Capital One Financial Corp. | Reduce -6.4% | 0.18% | −0.02 |
| MNST Monster Beverage Corp. | Reduce -2.8% | 0.11% | −0.02 |
| Abbott Laboratories | Reduce -1.3% | 0.25% | −0.02 |
| EMR Emerson Electric Co. | Reduce -5.8% | 0.31% | −0.02 |
| CCI Crown Castle Inc. | Reduce -4.0% | 0.19% | −0.02 |
| ITW Illinois Tool Works | Reduce -3.5% | 0.13% | −0.02 |
| EFV iShares MSCI Eafe Value ETF | Reduce -4.8% | 0.37% | −0.02 |
| TGT Target Corp. | Reduce -1.4% | 0.10% | −0.02 |
Portfolio Buys Q1 2024 → Q2 2024
| BUD Anheuser-Busch Inbev-SPN ADR | New | 0.91% | +0.91 |
| WDAY Workday Inc. Class A | New | 0.62% | +0.62 |
| GOOGL Alphabet Inc. Class A | Add +1.2% | 2.40% | +0.48 |
| FNDA Schwab Fndmntl US SM Co. ETF | Add +21.1% | 2.62% | +0.43 |
| QCOM Qualcomm Inc. | Add +16.6% | 1.33% | +0.38 |
| TER Teradyne Inc. | Add +3.3% | 1.17% | +0.33 |
| KLAC KLA Corp. | Add +0.7% | 1.66% | +0.30 |
| AMZN Amazon.com Inc. | Add +1.1% | 2.17% | +0.21 |
| AVGO Broadcom Inc. | Add +2.6% | 0.87% | +0.19 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +15.8% | 1.12% | +0.17 |
| ADBE Adobe Inc. | Add +2.8% | 1.22% | +0.17 |
| PEG Public Service Enterprise GP | New | 0.16% | +0.16 |
| DOX Amdocs Ltd. | New | 0.12% | +0.12 |
| SCHD Schwab US DVD Equity ETF | Add +83.2% | 0.24% | +0.11 |
| LH Laboratory CRP of Amer Hldgs | Add +22.0% | 0.73% | +0.10 |
| META Meta Platforms Inc. Class A | Add +2.0% | 1.29% | +0.10 |
| LLY Eli Lilly & Co. | Add +1.5% | 0.56% | +0.10 |
| JPST JPMorgan Ultra-Short Income | Add +17.3% | 0.57% | +0.10 |
| GLW Corning Inc. | Add +28.0% | 0.27% | +0.10 |
| SCHW Schwab (charles) Corp. | Add +0.5% | 1.70% | +0.08 |
| NTAP Netapp Inc. | Add +17.5% | 0.22% | +0.07 |
| LMT Lockheed Martin Corp. | Add +0.7% | 1.22% | +0.07 |
| BIL SS SPDR BB 1-3M T-Bill ETF | New | 0.07% | +0.07 |
| T AT&T Inc. | Add +2.7% | 0.44% | +0.05 |
| JMST JPM Ultra-Short Muni Income | Add +15.1% | 0.34% | +0.05 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +1.3% | 0.65% | +0.05 |
| COP Conocophillips | New | 0.04% | +0.04 |
| WFC Wells Fargo & Co. | Add +18.7% | 0.20% | +0.04 |
| VZ Verizon Communications Inc. | Add +6.7% | 0.56% | +0.04 |
| PHM Pultegroup Inc. | New | 0.04% | +0.04 |
| SO The Southern Co. | New | 0.04% | +0.04 |
| HASI Ha Sustainable Infrastructur | New | 0.04% | +0.04 |
| MO Altria Group Inc. | New | 0.04% | +0.04 |
| RTX RTX Corp. | Add +44.1% | 0.10% | +0.03 |
| QQQ Invesco QQQ Trust Series 1 | Add +4.6% | 0.24% | +0.03 |
| NEE Nextera Energy Inc. | Add +37.0% | 0.09% | +0.03 |
| AMGN Amgen Inc. | Add +1.0% | 0.26% | +0.03 |
| APD Air Products & Chemicals Inc. | Add +1.7% | 0.26% | +0.03 |
| SFM Sprouts Farmers Market Inc. | Add +6.0% | 0.08% | +0.02 |
| XLY SS Consumer Disc Select Sect | Add +1.9% | 0.07% | +0.02 |
| CARR Carrier Global Corp. | Add +41.8% | 0.06% | +0.02 |
| CVX Chevron Corp. | Add +2.4% | 0.48% | +0.02 |
| ROK Rockwell Automation Inc. | Add +55.5% | 0.05% | +0.02 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +4.6% | 0.27% | +0.02 |
| LRCX Lam Research Corp. | Add +7.3% | 0.10% | +0.02 |
| HSY The Hershey Co. | Add +5.8% | 0.65% | +0.02 |
| MS Morgan Stanley | Add +0.1% | 0.28% | +0.02 |
| RSP Invesco S&P 500 Equal Weight | Add +29.3% | 0.06% | +0.01 |
| VCIT Vanguard Int-Term Corporate | Add +1.5% | 0.40% | +0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +2.5% | 0.28% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 267 | $762.2M | AAPL, FNDA, MSFT, GOOGL, AKRE |
| Q1 2026 | 263 | $694.2M | AAPL, FNDA, MSFT, GOOGL, AKRE |
| Q4 2025 | 266 | $716.1M | MSFT, AAPL, FNDA, AKRE, GOOGL |
| Q3 2025 | 262 | $685.9M | MSFT, FNDA, AAPL, GOOGL, AMZN |
| Q2 2025 | 256 | $647.2M | MSFT, FNDA, AAPL, XOM, SPGI |
| Q1 2025 | 240 | $578.9M | MSFT, FNDA, AAPL, BERKSHIRE HATHAWAY INC, AMZN |
| Q4 2024 | 246 | $584.4M | MSFT, AAPL, FNDA, GOOGL, AMZN |
| Q3 2024 | 256 | $600.6M | MSFT, AAPL, FNDA, GOOGL, AMZN |
| Q2 2024 | 257 | $559.9M | MSFT, AAPL, FNDA, GOOGL, AMZN |
| Q1 2024 | 257 | $573.3M | MSFT, AAPL, FNDA, AMZN, GOOGL |