Ironwood Investment Counsel, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Ironwood Investment Counsel, LLC reported 256 stock positions worth $600.6 million. Its top holding was Microsoft (MSFT) at 6.5% of the portfolio, followed by Apple (AAPL, 5.2%) and Schwab Fndmntl US SM Co. ETF (FNDA, 4.4%). Compared with Q2 2024, it opened 10 new positions, sold out of 11, added to 80 and reduced 126. The biggest buy was Schwab Fndmntl US SM Co. ETF (FNDA, shares +66%) and the biggest sale Microsoft (MSFT, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- SCOTTSDALE, AZ
- CIK
- 0001330463
- Portfolio Value
- $600.6M (Q3 2024)
- SEC Filing
- 0001330463-24-000007 ↗ filed Nov 14, 2024
Holdings Value
Holdings 256 stocks · $600.6M
| MSFT Microsoft Corp. | 6.49% | 90,518 | $38.9M | Reduce -0.3% |
| AAPL Apple Inc. | 5.18% | 133,615 | $31.1M | Reduce -1.1% |
| FNDA Schwab Fndmntl US SM Co. ETF | 4.39% | 442,380 | $26.4M | Add +65.6% |
| GOOGL Alphabet Inc. Class A | 2.08% | 75,323 | $12.5M | Add +2.3% |
| AMZN Amazon.com Inc. | 1.95% | 62,953 | $11.7M | Add +0.0% |
| BERKSHIRE HATHAWAY INC | 1.92% | 24,991 | $11.5M | Reduce -0.6% |
| AXP American Express Co. | 1.80% | 39,776 | $10.8M | Reduce -1.3% |
| ACN Accenture PLC Class A | 1.69% | 28,638 | $10.1M | Reduce -0.3% |
| JNJ Johnson & Johnson | 1.67% | 62,061 | $10.1M | Add +0.6% |
| SYY Sysco Corp. | 1.49% | 114,729 | $9.0M | Add +0.1% |
| MA Mastercard Inc. Class A | 1.49% | 18,112 | $8.9M | Add +0.6% |
| LMT Lockheed Martin Corp. | 1.43% | 14,720 | $8.6M | Add +1.0% |
| KLAC KLA Corp. | 1.42% | 11,045 | $8.6M | Reduce -1.7% |
| MRK Merck & Co Inc | 1.40% | 73,984 | $8.4M | Add +1.0% |
| SCHW Schwab (charles) Corp. | 1.40% | 129,333 | $8.4M | Reduce -0.1% |
| META Meta Platforms Inc. Class A | 1.37% | 14,345 | $8.2M | Add +0.0% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 1.31% | 109,387 | $7.8M | Add +17.3% |
| CMI Cummins Inc. | 1.23% | 22,816 | $7.4M | Add +1.4% |
| PEP Pepsico Inc. | 1.23% | 43,296 | $7.4M | Reduce -3.8% |
| FISV Fiserv Inc. | 1.20% | 40,189 | $7.2M | Reduce -0.3% |
| USB US Bancorp | 1.15% | 150,403 | $6.9M | Reduce -5.7% |
| HD Home Depot Inc. | 1.12% | 16,561 | $6.7M | Add +0.7% |
| MDT Medtronic Inc | 1.11% | 74,049 | $6.7M | Add +2.1% |
| QCOM Qualcomm Inc. | 1.10% | 38,851 | $6.6M | Add +3.7% |
| IVV iShares Core S&P 500 ETF | 1.08% | 11,288 | $6.5M | Add +0.9% |
| ADBE Adobe Inc. | 1.07% | 12,401 | $6.4M | Add +0.8% |
| LOW Lowe's Cos Inc. | 1.05% | 23,197 | $6.3M | Add +0.3% |
| SBUX Starbucks Corp. | 1.02% | 62,995 | $6.1M | Reduce -0.6% |
| TER Teradyne Inc. | 1.00% | 44,803 | $6.0M | Add +1.1% |
| HYD Vaneck High Yield Muni ETF | 0.98% | 110,875 | $5.9M | Reduce -2.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.97% | 26,405 | $5.8M | Reduce -0.7% |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.97% | 87,515 | $5.8M | Add +0.4% |
| UPS United Parcel Service Class B | 0.95% | 41,922 | $5.7M | Add +3.0% |
| JPM JPMorgan Chase & Co. | 0.93% | 26,592 | $5.6M | Reduce -1.5% |
| CMCSA Comcast Corp. Class A | 0.88% | 126,823 | $5.3M | Reduce -1.4% |
| PG The Procter & Gamble Co. | 0.86% | 29,671 | $5.1M | Reduce -1.5% |
| AVGO Broadcom Inc. | 0.86% | 29,776 | $5.1M | Reduce -1.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.84% | 52,721 | $5.1M | Add +0.1% |
| FPE FT-Preferred Secur & Inc. ETF | 0.82% | 270,758 | $4.9M | Add +11.8% |
| LH Laboratory CRP of Amer Hldgs | 0.76% | 20,467 | $4.6M | Add +2.0% |
| JPST JPMorgan Ultra-Short Income | 0.75% | 88,781 | $4.5M | Add +39.9% |
| NVDA Nvidia Corp. | 0.71% | 34,964 | $4.2M | Reduce -6.3% |
| OGE Oge Energy Corp. | 0.68% | 100,289 | $4.1M | No change |
| CAH Cardinal Health Inc. | 0.68% | 37,065 | $4.1M | Reduce -0.4% |
| COST Costco Wholesale Corp. | 0.68% | 4,616 | $4.1M | Reduce -4.3% |
| WDAY Workday Inc. Class A | 0.66% | 16,161 | $3.9M | Add +3.6% |
| HSY The Hershey Co. | 0.65% | 20,465 | $3.9M | Add +3.3% |
| MCK McKesson Corp. | 0.65% | 7,843 | $3.9M | Reduce -2.5% |
| XOM Exxon Mobil Corp. | 0.64% | 32,693 | $3.8M | Reduce -0.7% |
| CTVA Corteva Inc. | 0.64% | 65,128 | $3.8M | Add +2.7% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.61% | 6,432 | $3.7M | Reduce -3.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.61% | 15,385 | $3.6M | Reduce -0.1% |
| MCD McDonald's Corp. | 0.56% | 11,124 | $3.4M | Reduce -1.5% |
| AGG iShares Core U.S. Aggregate | 0.52% | 31,028 | $3.1M | Reduce -18.9% |
| DG Dollar General Corp. | 0.52% | 36,758 | $3.1M | Add +57.0% |
| VOO Vanguard S&P 500 ETF | 0.51% | 5,835 | $3.1M | Add +2.6% |
| LLY Eli Lilly & Co. | 0.51% | 3,472 | $3.1M | Reduce -0.2% |
| VZ Verizon Communications Inc. | 0.51% | 67,620 | $3.0M | Reduce -11.5% |
| GOOG Alphabet Inc. Class C | 0.50% | 17,975 | $3.0M | Add +0.1% |
| OMC Omnicom Group | 0.47% | 27,560 | $2.8M | Add +1.4% |
| BRO Brown & Brown Inc. | 0.47% | 27,363 | $2.8M | Reduce -2.7% |
| WMT Walmart Inc. | 0.46% | 34,328 | $2.8M | Reduce -1.0% |
| CSCO Cisco Systems Inc. | 0.44% | 49,640 | $2.6M | Reduce -6.3% |
| IWD iShares Russell 1000 Value E | 0.42% | 13,243 | $2.5M | Reduce -0.3% |
| CVX Chevron Corp. | 0.42% | 17,052 | $2.5M | Reduce -0.6% |
| TSLA Tesla Inc. | 0.41% | 9,435 | $2.5M | Add +29.4% |
| T AT&T Inc. | 0.40% | 110,527 | $2.4M | Reduce -13.3% |
| VCIT Vanguard Int-Term Corporate | 0.40% | 28,389 | $2.4M | Add +1.0% |
| EFV iShares MSCI Eafe Value ETF | 0.37% | 38,965 | $2.2M | Reduce -0.4% |
| PAYX Paychex Inc. | 0.37% | 16,578 | $2.2M | Reduce -0.2% |
| MDLZ Mondelez International Inc. Class A | 0.36% | 29,406 | $2.2M | Add +1.6% |
| ADP Automatic Data Processing | 0.33% | 7,089 | $2.0M | Reduce -1.9% |
| ABBV Abbvie Inc. | 0.33% | 9,897 | $2.0M | Add +0.7% |
| GIS General Mills Inc. | 0.32% | 26,150 | $1.9M | Add +0.6% |
| HUBB Hubbell Inc. | 0.31% | 4,416 | $1.9M | Reduce -2.5% |
| VEA Vanguard Ftse Developed ETF | 0.31% | 35,770 | $1.9M | Reduce -1.0% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.30% | 35,494 | $1.8M | Reduce -6.0% |
| GLW Corning Inc. | 0.30% | 39,702 | $1.8M | Add +1.9% |
| VIG Vanguard Dividend Apprec ETF | 0.30% | 9,000 | $1.8M | Reduce -3.5% |
| KO The Coca-Cola Co. | 0.30% | 24,749 | $1.8M | Reduce -0.3% |
| UNH Unitedhealth Group Inc. | 0.29% | 2,984 | $1.7M | Reduce -10.2% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.29% | 21,636 | $1.7M | Add +5.5% |
| MS Morgan Stanley | 0.28% | 16,375 | $1.7M | Add +2.4% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.27% | 15,085 | $1.6M | Reduce -1.8% |
| V Visa Inc. Class A | 0.27% | 5,944 | $1.6M | No change |
| INTU Intuit Inc. | 0.27% | 2,617 | $1.6M | No change |
| EMR Emerson Electric Co. | 0.27% | 14,800 | $1.6M | Reduce -5.3% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.26% | 32,544 | $1.6M | Reduce -9.7% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.26% | 19,937 | $1.6M | Add +1.5% |
| APD Air Products & Chemicals Inc. | 0.26% | 5,301 | $1.6M | Reduce -4.6% |
| WM Waste Management Inc. | 0.26% | 7,486 | $1.6M | Reduce -1.6% |
| SHY iShares 1-3 Year Treasury Bo | 0.26% | 18,573 | $1.5M | Reduce -10.3% |
| AMGN Amgen Inc. | 0.26% | 4,784 | $1.5M | Add +3.7% |
| Abbott Laboratories | 0.25% | 13,232 | $1.5M | Reduce -1.5% |
| EFG iShares MSCI Eafe Growth ETF | 0.25% | 13,727 | $1.5M | Add +0.4% |
| MCO Moody's Corp. | 0.25% | 3,104 | $1.5M | No change |
| SCHD Schwab US DVD Equity ETF | 0.24% | 16,981 | $1.4M | Reduce -1.7% |
| VIGI Vanguard Int Div App Indx FD | 0.24% | 16,160 | $1.4M | Reduce -4.4% |
| ISRG Intuitive Surgical Inc. | 0.24% | 2,887 | $1.4M | Reduce -0.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.23% | 2 | $1.4M | No change |
Portfolio Sells Q2 2024 → Q3 2024
| MSFT Microsoft Corp. | Reduce -0.3% | 6.49% | −0.76 |
| SCHW Schwab (charles) Corp. | Reduce -0.1% | 1.40% | −0.31 |
| KLAC KLA Corp. | Reduce -1.7% | 1.42% | −0.23 |
| MCK McKesson Corp. | Reduce -2.5% | 0.65% | −0.19 |
| AGG iShares Core U.S. Aggregate | Reduce -18.9% | 0.52% | −0.14 |
| NVDA Nvidia Corp. | Reduce -6.3% | 0.71% | −0.12 |
| PEP Pepsico Inc. | Reduce -3.8% | 1.23% | −0.10 |
| INTC Intel Corp. | Reduce -38.7% | 0.07% | −0.09 |
| WFC Wells Fargo & Co. | Reduce -30.1% | 0.12% | −0.08 |
| XLY SS Consumer Disc Select Sect | Sold out | 0.00% | −0.07 |
| HYD Vaneck High Yield Muni ETF | Reduce -2.5% | 0.98% | −0.07 |
| IGSB iShares 1-5Y Inv Grade Corp. | Sold out | 0.00% | −0.07 |
| CVX Chevron Corp. | Reduce -0.6% | 0.42% | −0.06 |
| CVS CVS Health Corp. | Sold out | 0.00% | −0.06 |
| VZ Verizon Communications Inc. | Reduce -11.5% | 0.51% | −0.06 |
| IFF Intl Flavors & Fragrances | Sold out | 0.00% | −0.05 |
| COST Costco Wholesale Corp. | Reduce -4.3% | 0.68% | −0.05 |
| LLY Eli Lilly & Co. | Reduce -0.2% | 0.51% | −0.05 |
| HI Hillenbrand Inc. | Sold out | 0.00% | −0.05 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -10.3% | 0.26% | −0.04 |
| VTEB Vanguard Tax-Exempt Bond ETF | Sold out | 0.00% | −0.04 |
| TROW T Rowe Price Group Inc. | Reduce -1.8% | 0.27% | −0.04 |
| COP Conocophillips | Sold out | 0.00% | −0.04 |
| MPC Marathon Petroleum Corp. | Sold out | 0.00% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -1.5% | 0.93% | −0.04 |
| ISTB iShares Core 1-5 Year Usd Bo | Reduce -9.7% | 0.26% | −0.04 |
| JMST JPM Ultra-Short Muni Income | Reduce -6.0% | 0.30% | −0.04 |
| XOM Exxon Mobil Corp. | Reduce -0.7% | 0.64% | −0.04 |
| ASML ASML Holding NV-NY Reg SHS | Sold out | 0.00% | −0.04 |
| EMR Emerson Electric Co. | Reduce -5.3% | 0.27% | −0.04 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -3.3% | 0.61% | −0.03 |
| PG The Procter & Gamble Co. | Reduce -1.5% | 0.86% | −0.03 |
| WM Waste Management Inc. | Reduce -1.6% | 0.26% | −0.03 |
| T AT&T Inc. | Reduce -13.3% | 0.40% | −0.03 |
| SRCL Stericycle Inc. | Reduce -36.6% | 0.05% | −0.03 |
| GILD Gilead Sciences Inc. | Reduce -43.3% | 0.04% | −0.02 |
| PFE Pfizer Inc. | Reduce -16.2% | 0.10% | −0.02 |
| CHD Church & Dwight Co. Inc. | Reduce -15.8% | 0.08% | −0.02 |
| LPLA LPL Financial Holdings Inc. | Reduce -4.0% | 0.06% | −0.02 |
| FDX FedEx Corp. | Reduce -0.1% | 0.10% | −0.02 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -2.7% | 0.22% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -1.4% | 0.88% | −0.02 |
| INFN Infinera Corp. | Sold out | 0.00% | −0.02 |
| PEG Public Service Enterprise GP | Reduce -19.8% | 0.15% | −0.02 |
| IWF iShares Russell 1000 Growth | Reduce -8.2% | 0.11% | −0.01 |
| BA The Boeing Co. | Reduce -3.6% | 0.04% | −0.01 |
| AVGO Broadcom Inc. | Reduce -1.8% | 0.86% | −0.01 |
| OPTU Optimum Communications Inc. Class A | Sold out | 0.00% | −0.01 |
| ROK Rockwell Automation Inc. | Reduce -18.0% | 0.04% | −0.01 |
| VRP Invesco Variable Rate Prefer | Reduce -2.9% | 0.16% | −0.01 |
Portfolio Buys Q2 2024 → Q3 2024
| FNDA Schwab Fndmntl US SM Co. ETF | Add +65.6% | 4.39% | +1.77 |
| LMT Lockheed Martin Corp. | Add +1.0% | 1.43% | +0.22 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +17.3% | 1.31% | +0.19 |
| JPST JPMorgan Ultra-Short Income | Add +39.9% | 0.75% | +0.18 |
| TSLA Tesla Inc. | Add +29.4% | 0.41% | +0.15 |
| LOW Lowe's Cos Inc. | Add +0.3% | 1.05% | +0.14 |
| CMI Cummins Inc. | Add +1.4% | 1.23% | +0.12 |
| HD Home Depot Inc. | Add +0.7% | 1.12% | +0.11 |
| MDT Medtronic Inc | Add +2.1% | 1.11% | +0.09 |
| META Meta Platforms Inc. Class A | Add +0.0% | 1.37% | +0.08 |
| MA Mastercard Inc. Class A | Add +0.6% | 1.49% | +0.07 |
| FPE FT-Preferred Secur & Inc. ETF | Add +11.8% | 0.82% | +0.06 |
| JNJ Johnson & Johnson | Add +0.6% | 1.67% | +0.06 |
| BUD Anheuser-Busch Inbev-SPN ADR | Add +0.4% | 0.97% | +0.06 |
| ED Consolidated Edison Inc. | New | 0.04% | +0.04 |
| OMC Omnicom Group | Add +1.4% | 0.47% | +0.04 |
| BNY Bank of New York Mellon Corp. | New | 0.04% | +0.04 |
| RMD Resmed Inc. | New | 0.04% | +0.04 |
| BIP Brookfield Infrastructure Pa | New | 0.04% | +0.04 |
| NVS Novartis AG-Sponsored ADR | New | 0.04% | +0.04 |
| PNC PNC Financial Services Group | New | 0.04% | +0.04 |
| URI United Rentals Inc. | New | 0.04% | +0.04 |
| WDAY Workday Inc. Class A | Add +3.6% | 0.66% | +0.04 |
| DHI D.R. Horton Inc. | New | 0.03% | +0.03 |
| IWN iShares Russell 2000 Value E | New | 0.03% | +0.03 |
| FICO Fair Isaac Corp. | New | 0.03% | +0.03 |
| LH Laboratory CRP of Amer Hldgs | Add +2.0% | 0.76% | +0.03 |
| SYY Sysco Corp. | Add +0.1% | 1.49% | +0.03 |
| GLW Corning Inc. | Add +1.9% | 0.30% | +0.03 |
| GIS General Mills Inc. | Add +0.6% | 0.32% | +0.03 |
| CTVA Corteva Inc. | Add +2.7% | 0.64% | +0.03 |
| ABBV Abbvie Inc. | Add +0.7% | 0.33% | +0.02 |
| MDLZ Mondelez International Inc. Class A | Add +1.6% | 0.36% | +0.02 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Add +39.4% | 0.09% | +0.02 |
| CAT Caterpillar Inc. | Add +0.2% | 0.19% | +0.02 |
| ZTS Zoetis Inc. | Add +1.8% | 0.19% | +0.01 |
| VTI VG Morningstar TS MKT ETF-US | Add +9.2% | 0.14% | +0.01 |
| PNW Pinnacle West Capital | Add +0.1% | 0.13% | +0.01 |
| AEE Ameren Corporation | Add +0.8% | 0.07% | +0.01 |
| STT State Street Corp. | Add +0.2% | 0.09% | +0.01 |
| DOX Amdocs Ltd. | Add +4.0% | 0.13% | +0.01 |
| VNQ Vanguard Real Estate ETF | Add +0.6% | 0.10% | +0.01 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Add +5.5% | 0.29% | +0.01 |
| MS Morgan Stanley | Add +2.4% | 0.28% | +0.01 |
| WEC WEC Energy Group Inc. | Add +1.2% | 0.04% | +0.01 |
| CB Chubb Ltd. | Add +2.1% | 0.08% | +0.01 |
| PM Philip Morris International | Add +0.1% | 0.05% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +2.6% | 0.51% | +0.00 |
| SO The Southern Co. | Add +3.7% | 0.04% | +0.00 |
| ITW Illinois Tool Works | Add +0.1% | 0.14% | +0.00 |
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 |