Ironwood Investment Counsel, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 6, 2026), Ironwood Investment Counsel, LLC reported 266 stock positions worth $716.1 million. Its top holding was Microsoft (MSFT) at 5.6% of the portfolio, followed by Apple (AAPL, 4.7%) and Schwab Fndmntl US SM Co. ETF (FNDA, 4.3%). Compared with Q3 2025, it opened 15 new positions, sold out of 11, added to 91 and reduced 116. The biggest buy was a new position in Akre Focus ETF (AKRE) and the biggest sale an exit from Fiserv (FISV).
- Most Recent 13F
- Q2 2026
- Location
- SCOTTSDALE, AZ
- CIK
- 0001330463
- Portfolio Value
- $716.1M (Q4 2025)
- SEC Filing
- 0001330463-26-000001 ↗ filed Feb 6, 2026
Holdings Value
Holdings 266 stocks · $716.1M
| MSFT Microsoft Corp. | 5.64% | 83,523 | $40.4M | Reduce -2.5% |
| AAPL Apple Inc. | 4.66% | 122,723 | $33.4M | Reduce -1.4% |
| FNDA Schwab Fndmntl US SM Co. ETF | 4.35% | 988,333 | $31.1M | Reduce -4.5% |
| AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO | 3.15% | 344,154 | $22.5M | New |
| GOOGL Alphabet Inc. Class A | 2.96% | 67,737 | $21.2M | Reduce -9.8% |
| AMZN Amazon.com Inc. | 2.30% | 71,330 | $16.5M | Add +0.3% |
| AXP American Express Co. | 1.91% | 36,936 | $13.7M | Reduce -4.2% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 1.87% | 490,965 | $13.4M | Add +2.9% |
| JNJ Johnson & Johnson | 1.85% | 64,075 | $13.3M | Reduce -0.9% |
| SCHW Schwab (charles) Corp. | 1.78% | 127,718 | $12.8M | Reduce -3.3% |
| BERKSHIRE HATHAWAY INC | 1.74% | 24,754 | $12.4M | Reduce -2.3% |
| ACN Accenture PLC Class A | 1.49% | 39,755 | $10.7M | Add +29.0% |
| MA Mastercard Inc. Class A | 1.47% | 18,385 | $10.5M | Reduce -1.5% |
| CMI Cummins Inc. | 1.33% | 18,707 | $9.5M | Reduce -5.3% |
| JPM JPMorgan Chase & Co. | 1.31% | 29,184 | $9.4M | Reduce -0.7% |
| IVV iShares Core S&P 500 ETF | 1.31% | 13,648 | $9.3M | Reduce -3.8% |
| KLAC KLA Corp. | 1.27% | 7,511 | $9.1M | Reduce -13.8% |
| SYY Sysco Corp. | 1.21% | 117,568 | $8.7M | Add +1.8% |
| QCOM Qualcomm Inc. | 1.17% | 48,969 | $8.4M | Reduce -1.2% |
| LMT Lockheed Martin Corp. | 1.16% | 17,124 | $8.3M | Add +2.1% |
| AVGO Broadcom Inc. | 1.15% | 23,853 | $8.3M | Reduce -5.0% |
| MDT Medtronic Inc | 1.12% | 83,560 | $8.0M | Add +1.3% |
| USB US Bancorp | 1.12% | 149,882 | $8.0M | Reduce -0.7% |
| ADBE Adobe Inc. | 1.10% | 22,422 | $7.8M | Add +20.5% |
| IWD iShares Russell 1000 Value E | 1.05% | 35,660 | $7.5M | Add +92.3% |
| JPST JPMorgan Ultra-Short Income | 0.97% | 137,600 | $7.0M | Reduce -43.0% |
| TER Teradyne Inc. | 0.96% | 35,337 | $6.8M | Reduce -17.2% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.94% | 22,687 | $6.7M | Reduce -3.8% |
| NVDA Nvidia Corp. | 0.94% | 35,990 | $6.7M | Add +0.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.91% | 57,528 | $6.5M | Add +2.0% |
| LOW Lowe's Cos Inc. | 0.90% | 26,664 | $6.4M | Add +0.6% |
| PEP Pepsico Inc. | 0.90% | 44,765 | $6.4M | Add +0.9% |
| WDAY Workday Inc. Class A | 0.88% | 29,222 | $6.3M | Add +15.6% |
| UPS United Parcel Service Class B | 0.85% | 61,291 | $6.1M | Add +4.6% |
| AMGN Amgen Inc. | 0.84% | 18,373 | $6.0M | Add +15.3% |
| CMCSA Comcast Corp. Class A | 0.84% | 200,739 | $6.0M | Add +23.9% |
| LH Laboratory CRP of Amer Hldgs filed as LABCORP HLDGS INC | 0.83% | 23,717 | $6.0M | Add +0.3% |
| META Meta Platforms Inc. Class A | 0.82% | 8,847 | $5.8M | Reduce -6.1% |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.80% | 89,339 | $5.7M | Add +2.6% |
| HD Home Depot Inc. | 0.78% | 16,300 | $5.6M | Reduce -5.5% |
| TSLA Tesla Inc. | 0.75% | 11,919 | $5.4M | Reduce -1.1% |
| CTVA Corteva Inc. | 0.74% | 79,526 | $5.3M | Add +2.5% |
| DG Dollar General Corp. | 0.74% | 39,988 | $5.3M | Add +0.7% |
| MRK Merck & Co Inc | 0.74% | 50,145 | $5.3M | Reduce -8.6% |
| GOOG Alphabet Inc. Class C | 0.73% | 16,707 | $5.2M | Reduce -3.1% |
| MCK McKesson Corp. | 0.70% | 6,117 | $5.0M | Reduce -7.0% |
| CAH Cardinal Health Inc. | 0.64% | 22,395 | $4.6M | Reduce -11.2% |
| FPE FT-Preferred Secur & Inc. ETF | 0.63% | 246,793 | $4.5M | Add +4.2% |
| OGE Oge Energy Corp. | 0.60% | 100,289 | $4.3M | No change |
| PG The Procter & Gamble Co. | 0.56% | 27,835 | $4.0M | Reduce -0.0% |
| HSY The Hershey Co. | 0.55% | 21,778 | $4.0M | Reduce -0.6% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.55% | 77,731 | $4.0M | Reduce -25.4% |
| VOO Vanguard S&P 500 ETF | 0.54% | 6,210 | $3.9M | Reduce -7.0% |
| XOM Exxon Mobil Corp. | 0.54% | 32,156 | $3.9M | Reduce -2.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.52% | 5,416 | $3.7M | Add +2.0% |
| LLY Eli Lilly & Co. | 0.51% | 3,371 | $3.6M | Reduce -2.5% |
| COST Costco Wholesale Corp. | 0.50% | 4,179 | $3.6M | Reduce -2.8% |
| WMT Walmart Inc. | 0.49% | 31,636 | $3.5M | Reduce -5.8% |
| DOX Amdocs Ltd. | 0.49% | 43,651 | $3.5M | Add +35.6% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.48% | 13,405 | $3.5M | Reduce -3.6% |
| ELV Elevance Health Inc. | 0.48% | 9,768 | $3.4M | Add +23.8% |
| HYD Vaneck High Yield Muni ETF | 0.47% | 66,073 | $3.4M | Reduce -6.0% |
| CCI Crown Castle Inc. | 0.44% | 35,521 | $3.2M | Add +34.8% |
| CSCO Cisco Systems Inc. | 0.44% | 40,491 | $3.1M | Reduce -10.1% |
| EFV iShares MSCI Eafe Value ETF | 0.42% | 40,454 | $3.0M | Reduce -0.9% |
| MS Morgan Stanley | 0.42% | 16,942 | $3.0M | Reduce -1.3% |
| V Visa Inc. Class A | 0.39% | 7,940 | $2.8M | Reduce -0.8% |
| MCD McDonald's Corp. | 0.38% | 9,018 | $2.8M | Reduce -2.1% |
| IWS iShares Russell Mid-Cap Valu | 0.37% | 18,978 | $2.7M | Add +303.5% |
| T AT&T Inc. | 0.36% | 104,032 | $2.6M | Add +3.0% |
| VEA Vanguard Ftse Developed ETF | 0.34% | 39,522 | $2.5M | Reduce -4.2% |
| VCIT Vanguard Int-Term Corporate | 0.33% | 28,007 | $2.3M | Reduce -2.9% |
| GLW Corning Inc. | 0.32% | 26,016 | $2.3M | Reduce -7.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.32% | 6,783 | $2.3M | Add +156.3% |
| CVX Chevron Corp. | 0.31% | 14,379 | $2.2M | Reduce -10.2% |
| VZ Verizon Communications Inc. | 0.30% | 53,586 | $2.2M | Reduce -12.5% |
| QQQ Invesco QQQ Trust Series 1 | 0.30% | 3,507 | $2.2M | Reduce -4.6% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.30% | 56,625 | $2.1M | Add +6.9% |
| ABBV Abbvie Inc. | 0.30% | 9,393 | $2.1M | Reduce -18.3% |
| OMC Omnicom Group | 0.30% | 26,378 | $2.1M | Reduce -3.5% |
| BRO Brown & Brown Inc. | 0.29% | 26,363 | $2.1M | Reduce -0.4% |
| AGG iShares Core U.S. Aggregate | 0.27% | 19,398 | $1.9M | Add +19.4% |
| HUBB Hubbell Inc. | 0.27% | 4,343 | $1.9M | No change |
| SCHD Schwab US DVD Equity ETF | 0.26% | 68,322 | $1.9M | Reduce -1.9% |
| PAYX Paychex Inc. | 0.26% | 16,686 | $1.9M | Add +3.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.25% | 11,745 | $1.8M | Reduce -1.3% |
| CAT Caterpillar Inc. | 0.24% | 2,986 | $1.7M | Reduce -1.6% |
| EFG iShares MSCI Eafe Growth ETF | 0.24% | 14,855 | $1.7M | Add +1.5% |
| VIG Vanguard Dividend Apprec ETF | 0.23% | 7,611 | $1.7M | Add +0.1% |
| ADP Automatic Data Processing | 0.23% | 6,309 | $1.6M | Add +0.6% |
| WM Waste Management Inc. | 0.23% | 7,359 | $1.6M | Reduce -0.1% |
| MCO Moody's Corp. | 0.22% | 3,108 | $1.6M | No change |
| APD Air Products & Chemicals Inc. | 0.22% | 6,416 | $1.6M | Add +3.6% |
| EMR Emerson Electric Co. | 0.22% | 11,781 | $1.6M | Reduce -1.1% |
| MDLZ Mondelez International Inc. Class A | 0.22% | 29,035 | $1.6M | Reduce -7.9% |
| INTU Intuit Inc. | 0.22% | 2,331 | $1.5M | Reduce -2.5% |
| Abbott Laboratories | 0.22% | 12,295 | $1.5M | Reduce -2.4% |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | 0.21% | 18,869 | $1.5M | Reduce -6.4% |
| KO The Coca-Cola Co. | 0.21% | 21,640 | $1.5M | Reduce -0.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 0.21% | 2 | $1.5M | No change |
Portfolio Sells Q3 2025 → Q4 2025
| FISV Fiserv Inc. | Sold out | 0.00% | −1.04 |
| MSFT Microsoft Corp. | Reduce -2.5% | 5.64% | −0.83 |
| JPST JPMorgan Ultra-Short Income | Reduce -43.0% | 0.97% | −0.81 |
| FNDA Schwab Fndmntl US SM Co. ETF | Reduce -4.5% | 4.35% | −0.35 |
| HD Home Depot Inc. | Reduce -5.5% | 0.78% | −0.24 |
| JMST JPM Ultra-Short Muni Income | Reduce -25.4% | 0.55% | −0.22 |
| META Meta Platforms Inc. Class A | Reduce -6.1% | 0.82% | −0.19 |
| BERKSHIRE HATHAWAY INC | Reduce -2.3% | 1.74% | −0.12 |
| KLAC KLA Corp. | Reduce -13.8% | 1.27% | −0.10 |
| ABBV Abbvie Inc. | Reduce -18.3% | 0.30% | −0.09 |
| VZ Verizon Communications Inc. | Reduce -12.5% | 0.30% | −0.09 |
| MA Mastercard Inc. Class A | Reduce -1.5% | 1.47% | −0.08 |
| IVV iShares Core S&P 500 ETF | Reduce -3.8% | 1.31% | −0.08 |
| COST Costco Wholesale Corp. | Reduce -2.8% | 0.50% | −0.08 |
| SBUX Starbucks Corp. | Reduce -34.0% | 0.13% | −0.07 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -23.4% | 0.18% | −0.07 |
| MDLZ Mondelez International Inc. Class A | Reduce -7.9% | 0.22% | −0.07 |
| BRO Brown & Brown Inc. | Reduce -0.4% | 0.29% | −0.07 |
| PG The Procter & Gamble Co. | Reduce -0.0% | 0.56% | −0.07 |
| CVX Chevron Corp. | Reduce -10.2% | 0.31% | −0.06 |
| CLX Clorox Company | Reduce -36.4% | 0.06% | −0.06 |
| SCHW Schwab (charles) Corp. | Reduce -3.3% | 1.78% | −0.06 |
| AVGO Broadcom Inc. | Reduce -5.0% | 1.15% | −0.05 |
| VOO Vanguard S&P 500 ETF | Reduce -7.0% | 0.54% | −0.05 |
| HYD Vaneck High Yield Muni ETF | Reduce -6.0% | 0.47% | −0.05 |
| TAP Molson Coors Beverage Co. Class B | Sold out | 0.00% | −0.04 |
| HSY The Hershey Co. | Reduce -0.6% | 0.55% | −0.04 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -32.3% | 0.08% | −0.04 |
| VNQ Vanguard Real Estate ETF | Reduce -47.4% | 0.04% | −0.04 |
| MCK McKesson Corp. | Reduce -7.0% | 0.70% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -0.7% | 1.31% | −0.04 |
| PNW Pinnacle West Capital | Reduce -14.4% | 0.17% | −0.04 |
| TROW T Rowe Price Group Inc. | Reduce -13.3% | 0.18% | −0.04 |
| ORLY O'reilly Automotive Inc. | Sold out | 0.00% | −0.03 |
| TSLA Tesla Inc. | Reduce -1.1% | 0.75% | −0.03 |
| LIN Linde PLC | Sold out | 0.00% | −0.03 |
| VB Vanguard Most SM-Cap ETF-Usd | Reduce -3.6% | 0.48% | −0.03 |
| QCOM Qualcomm Inc. | Reduce -1.2% | 1.17% | −0.03 |
| POST Post Holdings Inc. | Sold out | 0.00% | −0.03 |
| IBM Intl Business Machines Corp. | Reduce -3.8% | 0.94% | −0.03 |
| AZO AutoZone Inc. | Sold out | 0.00% | −0.03 |
| Abbott Laboratories | Reduce -2.4% | 0.22% | −0.03 |
| NTRS Northern Trust Corp. | Sold out | 0.00% | −0.03 |
| DGRO iShares Core Dividend Growth | Sold out | 0.00% | −0.03 |
| AFG American Financial Group Inc. | Sold out | 0.00% | −0.03 |
| BLK BlackRock Finance Inc. | Reduce -0.2% | 0.21% | −0.03 |
| OMC Omnicom Group | Reduce -3.5% | 0.30% | −0.03 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -6.4% | 0.21% | −0.03 |
| VCIT Vanguard Int-Term Corporate | Reduce -2.9% | 0.33% | −0.03 |
| MCD McDonald's Corp. | Reduce -2.1% | 0.38% | −0.02 |
Portfolio Buys Q3 2025 → Q4 2025
| AKRE Akre Focus ETF | New | 3.15% | +3.15 |
| IWD iShares Russell 1000 Value E | Add +92.3% | 1.05% | +0.50 |
| ACN Accenture PLC Class A | Add +29.0% | 1.49% | +0.38 |
| IWS iShares Russell Mid-Cap Valu | Add +303.5% | 0.37% | +0.28 |
| VTI VG Morningstar TS MKT ETF-US | Add +156.3% | 0.32% | +0.19 |
| AMGN Amgen Inc. | Add +15.3% | 0.84% | +0.18 |
| DG Dollar General Corp. | Add +0.7% | 0.74% | +0.14 |
| ADBE Adobe Inc. | Add +20.5% | 1.10% | +0.14 |
| UPS United Parcel Service Class B | Add +4.6% | 0.85% | +0.14 |
| CTRI Centuri Holdings Inc. | New | 0.11% | +0.11 |
| ELV Elevance Health Inc. | Add +23.8% | 0.48% | +0.11 |
| DOX Amdocs Ltd. | Add +35.6% | 0.49% | +0.11 |
| CMCSA Comcast Corp. Class A | Add +23.9% | 0.84% | +0.10 |
| CCI Crown Castle Inc. | Add +34.8% | 0.44% | +0.07 |
| TGT Target Corp. | New | 0.05% | +0.05 |
| MU Micron Technology Inc. | New | 0.04% | +0.04 |
| LRCX Lam Research Corp. | Add +12.4% | 0.16% | +0.04 |
| BUD Anheuser-Busch Inbev-SPN ADR | Add +2.6% | 0.80% | +0.04 |
| MMM 3M Co. | New | 0.04% | +0.04 |
| SWX Southwest Gas Holdings Inc. | New | 0.04% | +0.04 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +2.9% | 1.87% | +0.04 |
| IVZ Invesco Ltd. | New | 0.04% | +0.04 |
| AGG iShares Core U.S. Aggregate | Add +19.4% | 0.27% | +0.03 |
| MINT PIMCO Enhanced Short Maturit | New | 0.03% | +0.03 |
| PNC PNC Financial Services Group | New | 0.03% | +0.03 |
| MKL Markel Group Inc. | New | 0.03% | +0.03 |
| PHYS Sprott Physical Gold Trust | New | 0.03% | +0.03 |
| AMG Affiliated Managers Group | New | 0.03% | +0.03 |
| QUAL iShares MSCI USA Quality Fac | New | 0.03% | +0.03 |
| NEM Newmont Corp. | New | 0.03% | +0.03 |
| BBCA JPMorgan Betabuilders Canada | New | 0.03% | +0.03 |
| AMZN Amazon.com Inc. | Add +0.3% | 2.30% | +0.02 |
| IWP iShares Russell Mid-Cap Grow | Add +60.5% | 0.06% | +0.02 |
| XLC SS Comm Select Sector SPDR | Add +16.4% | 0.18% | +0.02 |
| UNH Unitedhealth Group Inc. | Add +21.5% | 0.14% | +0.01 |
| APH Amphenol Corp. Class A | Add +9.4% | 0.10% | +0.01 |
| JCI Johnson Controls Internation | Add +7.2% | 0.09% | +0.01 |
| INTC Intel Corp. | Add +7.5% | 0.08% | +0.01 |
| RTX RTX Corp. | Add +1.9% | 0.12% | +0.01 |
| ASML ASML Holding NV-NY Reg SHS | Add +16.9% | 0.04% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | Add +2.9% | 0.05% | +0.01 |
| TSM Taiwan Semiconductor-SP ADR | Add +0.7% | 0.16% | +0.01 |
| CB Chubb Ltd. | Add +1.2% | 0.10% | +0.01 |
| STT State Street Corp. | Add +0.1% | 0.11% | +0.01 |
| IWF iShares Russell 1000 Growth | Add +9.2% | 0.10% | +0.01 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +14.0% | 0.05% | +0.01 |
| IYW iShares Ustechnology ETF | Add +11.7% | 0.04% | +0.00 |
| GILD Gilead Sciences Inc. | Add +0.2% | 0.05% | +0.00 |
| NEE Nextera Energy Inc. | Add +1.2% | 0.07% | +0.00 |
| VEU Vanguard Ftse All-World Ex-U | Add +3.4% | 0.07% | +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 |