Ironwood Investment Counsel, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 7, 2026), Ironwood Investment Counsel, LLC reported 263 stock positions worth $694.2 million. Its top holding was Apple (AAPL) at 4.4% of the portfolio, followed by Schwab Fndmntl US SM Co. ETF (FNDA, 4.4%) and Microsoft (MSFT, 4.4%). Compared with Q4 2025, it opened 9 new positions, sold out of 12, added to 104 and reduced 119. The biggest buy was JPMorgan Ultra-Short Income (JPST, shares +62%) and the biggest sale Microsoft (MSFT, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- SCOTTSDALE, AZ
- CIK
- 0001330463
- Portfolio Value
- $694.2M (Q1 2026)
- SEC Filing
- 0001330463-26-000002 ↗ filed May 7, 2026
Holdings Value
Holdings 263 stocks · $694.2M
| AAPL Apple Inc. | 4.45% | 121,640 | $30.9M | Reduce -0.9% |
| FNDA Schwab Fndmntl US SM Co. ETF | 4.39% | 940,337 | $30.5M | Reduce -4.9% |
| MSFT Microsoft Corp. | 4.37% | 81,981 | $30.3M | Reduce -1.9% |
| GOOGL Alphabet Inc. Class A | 2.68% | 64,612 | $18.6M | Reduce -4.6% |
| AKRE Akre Focus ETF filed as PROFESIONALLY MANAGED PORTFO | 2.66% | 348,740 | $18.4M | Add +1.3% |
| JNJ Johnson & Johnson | 2.22% | 63,074 | $15.4M | Reduce -1.6% |
| AMZN Amazon.com Inc. | 2.18% | 72,754 | $15.2M | Add +2.0% |
| FNDX Schwab Fndmntl US LRG Co. ETF | 2.09% | 521,499 | $14.5M | Add +6.2% |
| BERKSHIRE HATHAWAY INC | 1.74% | 25,145 | $12.0M | Add +1.6% |
| SCHW Schwab (charles) Corp. | 1.71% | 126,598 | $11.9M | Reduce -0.9% |
| AXP American Express Co. | 1.63% | 37,290 | $11.3M | Add +1.0% |
| JPST JPMorgan Ultra-Short Income | 1.62% | 222,282 | $11.2M | Add +61.5% |
| LMT Lockheed Martin Corp. | 1.51% | 17,332 | $10.5M | Add +1.2% |
| MA Mastercard Inc. Class A | 1.37% | 19,083 | $9.5M | Add +3.8% |
| ACN Accenture PLC Class A | 1.33% | 46,540 | $9.2M | Add +17.1% |
| IVV iShares Core S&P 500 ETF | 1.26% | 13,342 | $8.7M | Reduce -2.2% |
| SYY Sysco Corp. | 1.23% | 119,885 | $8.6M | Add +2.0% |
| JPM JPMorgan Chase & Co. | 1.22% | 28,688 | $8.4M | Reduce -1.7% |
| USB US Bancorp | 1.16% | 154,767 | $8.0M | Add +3.3% |
| IWD iShares Russell 1000 Value E | 1.10% | 35,612 | $7.6M | Reduce -0.1% |
| PEP Pepsico Inc. | 1.09% | 48,886 | $7.6M | Add +9.2% |
| MDT Medtronic Inc | 1.09% | 87,472 | $7.6M | Add +4.7% |
| TER Teradyne Inc. | 1.08% | 25,312 | $7.5M | Reduce -28.4% |
| KLAC KLA Corp. | 1.04% | 4,926 | $7.3M | Reduce -34.4% |
| AVGO Broadcom Inc. | 1.04% | 23,221 | $7.2M | Reduce -2.6% |
| CTVA Corteva Inc. | 1.01% | 83,789 | $7.0M | Add +5.4% |
| CMI Cummins Inc. | 0.99% | 12,738 | $6.9M | Reduce -31.9% |
| AMGN Amgen Inc. | 0.99% | 19,436 | $6.8M | Add +5.8% |
| LOW Lowe's Cos Inc. | 0.98% | 28,878 | $6.8M | Add +8.3% |
| QCOM Qualcomm Inc. | 0.98% | 52,915 | $6.8M | Add +8.1% |
| CMCSA Comcast Corp. Class A | 0.94% | 227,278 | $6.5M | Add +13.2% |
| LH Laboratory CRP of Amer Hldgs filed as LABCORP HLDGS INC | 0.94% | 24,391 | $6.5M | Add +2.8% |
| UPS United Parcel Service Class B | 0.94% | 66,107 | $6.5M | Add +7.9% |
| BUD Anheuser-Busch Inbev-SPN ADR | 0.93% | 92,618 | $6.4M | Add +3.7% |
| NVDA Nvidia Corp. | 0.92% | 36,754 | $6.4M | Add +2.1% |
| ADBE Adobe Inc. | 0.89% | 25,415 | $6.2M | Add +13.3% |
| FPE FT-Preferred Secur & Inc. ETF | 0.89% | 346,152 | $6.1M | Add +40.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.84% | 60,735 | $5.9M | Add +5.6% |
| XOM Exxon Mobil Corp. | 0.82% | 33,602 | $5.7M | Add +4.5% |
| MRK Merck & Co Inc | 0.82% | 47,208 | $5.7M | Reduce -5.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.78% | 22,292 | $5.4M | Reduce -1.7% |
| MCK McKesson Corp. | 0.75% | 6,011 | $5.2M | Reduce -1.7% |
| DG Dollar General Corp. | 0.73% | 42,396 | $5.0M | Add +6.0% |
| HD Home Depot Inc. | 0.72% | 15,210 | $5.0M | Reduce -6.7% |
| OGE Oge Energy Corp. | 0.69% | 100,289 | $4.8M | No change |
| HSY The Hershey Co. | 0.68% | 22,554 | $4.7M | Add +3.6% |
| GOOG Alphabet Inc. Class C | 0.67% | 16,242 | $4.7M | Reduce -2.8% |
| CAH Cardinal Health Inc. | 0.66% | 21,624 | $4.6M | Reduce -3.4% |
| META Meta Platforms Inc. Class A | 0.66% | 7,960 | $4.6M | Reduce -10.0% |
| WDAY Workday Inc. Class A | 0.65% | 34,948 | $4.5M | Add +19.6% |
| TSLA Tesla Inc. | 0.65% | 12,174 | $4.5M | Add +2.1% |
| INTU Intuit Inc. | 0.65% | 10,461 | $4.5M | Add +348.8% |
| CRM Salesforce Inc. | 0.61% | 22,727 | $4.2M | Add +372.7% |
| WMT Walmart Inc. | 0.56% | 31,410 | $3.9M | Reduce -0.7% |
| COST Costco Wholesale Corp. | 0.56% | 3,885 | $3.9M | Reduce -7.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.54% | 5,739 | $3.7M | Add +6.0% |
| PG The Procter & Gamble Co. | 0.51% | 24,631 | $3.6M | Reduce -11.5% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.51% | 13,411 | $3.5M | Add +0.0% |
| VOO Vanguard S&P 500 ETF | 0.50% | 5,821 | $3.5M | Reduce -6.3% |
| ELV Elevance Health Inc. | 0.50% | 11,791 | $3.5M | Add +20.7% |
| CCI Crown Castle Inc. | 0.49% | 41,752 | $3.4M | Add +17.5% |
| HYD Vaneck High Yield Muni ETF | 0.46% | 64,337 | $3.2M | Reduce -2.6% |
| EFV iShares MSCI Eafe Value ETF | 0.46% | 40,708 | $3.2M | Add +0.6% |
| GLW Corning Inc. | 0.46% | 23,354 | $3.2M | Reduce -10.2% |
| CSCO Cisco Systems Inc. | 0.45% | 39,862 | $3.1M | Reduce -1.6% |
| LLY Eli Lilly & Co. | 0.44% | 3,355 | $3.1M | Reduce -0.5% |
| T AT&T Inc. | 0.43% | 103,032 | $3.0M | Reduce -1.0% |
| MS Morgan Stanley | 0.41% | 17,234 | $2.8M | Add +1.7% |
| CVX Chevron Corp. | 0.40% | 13,308 | $2.8M | Reduce -7.5% |
| VZ Verizon Communications Inc. | 0.38% | 52,677 | $2.6M | Reduce -1.7% |
| VEA Vanguard Ftse Developed ETF | 0.37% | 39,675 | $2.5M | Add +0.4% |
| DOX Amdocs Ltd. | 0.36% | 38,032 | $2.5M | Reduce -12.9% |
| IWS iShares Russell Mid-Cap Valu | 0.35% | 16,878 | $2.5M | Reduce -11.1% |
| NOW ServiceNow Inc. | 0.35% | 22,950 | $2.4M | New |
| V Visa Inc. Class A | 0.34% | 7,923 | $2.4M | Reduce -0.2% |
| VCIT Vanguard Int-Term Corporate | 0.34% | 28,360 | $2.3M | Add +1.3% |
| MCD McDonald's Corp. | 0.34% | 7,535 | $2.3M | Reduce -16.4% |
| VTI VG Morningstar TS MKT ETF-US | 0.31% | 6,780 | $2.2M | Reduce -0.0% |
| HUBB Hubbell Inc. | 0.31% | 4,345 | $2.1M | Add +0.1% |
| AGG iShares Core U.S. Aggregate | 0.30% | 21,329 | $2.1M | Add +9.9% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.30% | 92,713 | $2.1M | Add +63.7% |
| CAT Caterpillar Inc. | 0.30% | 2,965 | $2.1M | Reduce -0.7% |
| OMC Omnicom Group | 0.29% | 27,059 | $2.0M | Add +2.6% |
| ABBV Abbvie Inc. | 0.29% | 9,275 | $2.0M | Reduce -1.3% |
| QQQ Invesco QQQ Trust Series 1 | 0.29% | 3,462 | $2.0M | Reduce -1.3% |
| JMST JPM Ultra-Short Muni Income filed as J P MORGAN EXCHANGE TRADED F | 0.28% | 38,643 | $2.0M | Reduce -50.3% |
| APD Air Products & Chemicals Inc. | 0.28% | 6,660 | $1.9M | Add +3.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.27% | 11,767 | $1.9M | Add +0.2% |
| MDLZ Mondelez International Inc. Class A | 0.25% | 30,397 | $1.8M | Add +4.7% |
| SCHD Schwab US DVD Equity ETF | 0.25% | 56,879 | $1.7M | Reduce -16.8% |
| BRO Brown & Brown Inc. | 0.25% | 26,338 | $1.7M | Reduce -0.1% |
| WM Waste Management Inc. | 0.24% | 7,331 | $1.7M | Reduce -0.4% |
| EFG iShares MSCI Eafe Growth ETF | 0.24% | 15,027 | $1.7M | Add +1.2% |
| KO The Coca-Cola Co. | 0.24% | 21,792 | $1.7M | Add +0.7% |
| EMR Emerson Electric Co. | 0.22% | 11,681 | $1.5M | Reduce -0.8% |
| VIG Vanguard Dividend Apprec ETF | 0.22% | 7,096 | $1.5M | Reduce -6.8% |
| ES Eversource Energy | 0.21% | 21,529 | $1.5M | Add +6.5% |
| XLC SS Comm Select Sector SPDR | 0.21% | 13,380 | $1.5M | Add +23.3% |
| ETN Eaton Corp. PLC | 0.21% | 4,141 | $1.5M | Reduce -2.3% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.21% | 18,339 | $1.5M | Reduce -2.5% |
Portfolio Sells Q4 2025 → Q1 2026
| MSFT Microsoft Corp. | Reduce -1.9% | 4.37% | −1.27 |
| CMI Cummins Inc. | Reduce -31.9% | 0.99% | −0.35 |
| GOOGL Alphabet Inc. Class A | Reduce -4.6% | 2.68% | −0.28 |
| JMST JPM Ultra-Short Muni Income | Reduce -50.3% | 0.28% | −0.27 |
| KLAC KLA Corp. | Reduce -34.4% | 1.04% | −0.23 |
| AAPL Apple Inc. | Reduce -0.9% | 4.45% | −0.21 |
| IBM Intl Business Machines Corp. | Reduce -1.7% | 0.78% | −0.16 |
| META Meta Platforms Inc. Class A | Reduce -10.0% | 0.66% | −0.16 |
| DOX Amdocs Ltd. | Reduce -12.9% | 0.36% | −0.13 |
| AVGO Broadcom Inc. | Reduce -2.6% | 1.04% | −0.12 |
| JPM JPMorgan Chase & Co. | Reduce -1.7% | 1.22% | −0.10 |
| ADP Automatic Data Processing | Reduce -24.4% | 0.14% | −0.09 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.08 |
| SCHW Schwab (charles) Corp. | Reduce -0.9% | 1.71% | −0.07 |
| GIS General Mills Inc. | Reduce -22.9% | 0.11% | −0.06 |
| HD Home Depot Inc. | Reduce -6.7% | 0.72% | −0.06 |
| LLY Eli Lilly & Co. | Reduce -0.5% | 0.44% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -2.8% | 0.67% | −0.06 |
| PAYX Paychex Inc. | Reduce -8.4% | 0.20% | −0.06 |
| IVV iShares Core S&P 500 ETF | Reduce -2.2% | 1.26% | −0.05 |
| MCD McDonald's Corp. | Reduce -16.4% | 0.34% | −0.05 |
| BRO Brown & Brown Inc. | Reduce -0.1% | 0.25% | −0.05 |
| UNH Unitedhealth Group Inc. | Reduce -19.1% | 0.10% | −0.05 |
| EPD Enterprise Products Partners | Sold out | 0.00% | −0.04 |
| PG The Procter & Gamble Co. | Reduce -11.5% | 0.51% | −0.04 |
| V Visa Inc. Class A | Reduce -0.2% | 0.34% | −0.04 |
| OKE Oneok Inc. | Sold out | 0.00% | −0.04 |
| VOO Vanguard S&P 500 ETF | Reduce -6.3% | 0.50% | −0.04 |
| Abbott Laboratories | Reduce -2.7% | 0.18% | −0.04 |
| SBUX Starbucks Corp. | Reduce -35.7% | 0.09% | −0.04 |
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −0.04 |
| BKNG Booking Holdings Inc. | Reduce -0.8% | 0.14% | −0.03 |
| ORCL Oracle Corp. | Reduce -15.0% | 0.07% | −0.03 |
| MINT PIMCO Enhanced Short Maturit | Sold out | 0.00% | −0.03 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.03 |
| SPGI S&P Global Inc. | Reduce -5.0% | 0.13% | −0.03 |
| TYL Tyler Technologies Inc. | Sold out | 0.00% | −0.03 |
| MKL Markel Group Inc. | Sold out | 0.00% | −0.03 |
| URI United Rentals Inc. | Sold out | 0.00% | −0.03 |
| IJT iShares S&P Small-Cap 600 GR | Sold out | 0.00% | −0.03 |
| QUAL iShares MSCI USA Quality Fac | Sold out | 0.00% | −0.03 |
| STE Steris PLC | Sold out | 0.00% | −0.03 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -21.8% | 0.10% | −0.02 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -1.8% | 0.06% | −0.02 |
| BLK BlackRock Finance Inc. | Reduce -2.6% | 0.19% | −0.02 |
| IWS iShares Russell Mid-Cap Valu | Reduce -11.1% | 0.35% | −0.02 |
| TROW T Rowe Price Group Inc. | Reduce -0.5% | 0.16% | −0.02 |
| NKE Nike Inc. Class B | Reduce -22.3% | 0.03% | −0.02 |
| IWP iShares Russell Mid-Cap Grow | Reduce -20.3% | 0.05% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -6.8% | 0.22% | −0.01 |
Portfolio Buys Q4 2025 → Q1 2026
| JPST JPMorgan Ultra-Short Income | Add +61.5% | 1.62% | +0.65 |
| INTU Intuit Inc. | Add +348.8% | 0.65% | +0.44 |
| CRM Salesforce Inc. | Add +372.7% | 0.61% | +0.43 |
| LMT Lockheed Martin Corp. | Add +1.2% | 1.51% | +0.35 |
| NOW ServiceNow Inc. | New | 0.35% | +0.35 |
| XOM Exxon Mobil Corp. | Add +4.5% | 0.82% | +0.28 |
| CTVA Corteva Inc. | Add +5.4% | 1.01% | +0.27 |
| FPE FT-Preferred Secur & Inc. ETF | Add +40.3% | 0.89% | +0.26 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +6.2% | 2.09% | +0.23 |
| PEP Pepsico Inc. | Add +9.2% | 1.09% | +0.20 |
| AMGN Amgen Inc. | Add +5.8% | 0.99% | +0.15 |
| BUD Anheuser-Busch Inbev-SPN ADR | Add +3.7% | 0.93% | +0.13 |
| HSY The Hershey Co. | Add +3.6% | 0.68% | +0.12 |
| LH Laboratory CRP of Amer Hldgs | Add +2.8% | 0.94% | +0.11 |
| CMCSA Comcast Corp. Class A | Add +13.2% | 0.94% | +0.10 |
| UPS United Parcel Service Class B | Add +7.9% | 0.94% | +0.09 |
| LOW Lowe's Cos Inc. | Add +8.3% | 0.98% | +0.09 |
| APD Air Products & Chemicals Inc. | Add +3.8% | 0.28% | +0.06 |
| LITE Lumentum Holdings Inc. | New | 0.05% | +0.05 |
| CCI Crown Castle Inc. | Add +17.5% | 0.49% | +0.05 |
| CIEN Ciena Corp. | New | 0.04% | +0.04 |
| USB US Bancorp | Add +3.3% | 1.16% | +0.04 |
| HUBB Hubbell Inc. | Add +0.1% | 0.31% | +0.04 |
| XLC SS Comm Select Sector SPDR | Add +23.3% | 0.21% | +0.04 |
| TSEM Tower Semiconductor Ltd. | New | 0.04% | +0.04 |
| LIN Linde PLC | New | 0.03% | +0.03 |
| STX Seagate Technology Holdings | New | 0.03% | +0.03 |
| AGG iShares Core U.S. Aggregate | Add +9.9% | 0.30% | +0.03 |
| MDLZ Mondelez International Inc. Class A | Add +4.7% | 0.25% | +0.03 |
| GEV GE Vernova Inc. | Add +1.2% | 0.12% | +0.03 |
| COHR Coherent Corp. | New | 0.03% | +0.03 |
| EFV iShares MSCI Eafe Value ETF | Add +0.6% | 0.46% | +0.03 |
| MO Altria Group Inc. | New | 0.03% | +0.03 |
| COP Conocophillips | New | 0.03% | +0.03 |
| KO The Coca-Cola Co. | Add +0.7% | 0.24% | +0.03 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.9% | 0.18% | +0.03 |
| GE General Electric | Add +32.3% | 0.12% | +0.03 |
| ES Eversource Energy | Add +6.5% | 0.21% | +0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +0.0% | 0.51% | +0.02 |
| SYY Sysco Corp. | Add +2.0% | 1.23% | +0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +6.0% | 0.54% | +0.02 |
| FDX FedEx Corp. | Add +0.2% | 0.10% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Add +0.4% | 0.37% | +0.02 |
| ELV Elevance Health Inc. | Add +20.7% | 0.50% | +0.02 |
| TJX TJX Companies Inc. | Add +0.2% | 0.27% | +0.02 |
| ASML ASML Holding NV-NY Reg SHS | Add +6.5% | 0.06% | +0.01 |
| MU Micron Technology Inc. | Add +8.0% | 0.06% | +0.01 |
| PFE Pfizer Inc. | Add +6.0% | 0.07% | +0.01 |
| BEN Franklin Templeton Inc. | Add +6.3% | 0.15% | +0.01 |
| RTX RTX Corp. | Add +0.3% | 0.13% | +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 |