Ironwood Investment Management LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Ironwood Investment Management LLC reported 163 stock positions worth $183.4 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 6.7% of the portfolio, followed by iShares MSCI Eafe ETF (EFA, 4.8%) and iShares Russell 2000 ETF (IWM, 3.8%). Compared with Q4 2024, it opened 4 new positions, sold out of 10, added to 42 and reduced 71. The biggest buy was iShares MSCI Eafe ETF (EFA, shares +0%) and the biggest sale Freshpet (FRPT, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001127761
- Portfolio Value
- $183.4M (Q1 2025)
- SEC Filing
- 0001376474-25-000466 ↗ filed May 15, 2025
Holdings Value
Holdings 163 stocks · $183.4M
| VTI VG Morningstar TS MKT ETF-US | 6.71% | 44,742 | $12.3M | Add +0.0% |
| EFA iShares MSCI Eafe ETF | 4.81% | 107,981 | $8.8M | Add +0.0% |
| IWM iShares Russell 2000 ETF | 3.80% | 34,938 | $7.0M | Reduce -11.6% |
| GPI Group 1 Automotive Inc. | 3.06% | 14,677 | $5.6M | Reduce -13.6% |
| SHV iShares 0-1 Year Treasury Bo | 2.06% | 34,178 | $3.8M | Add +7.8% |
| SMCI Super Micro Computer Inc. | 1.93% | 103,311 | $3.5M | Add +5.5% |
| IWV iShares Russell 3000 ETF | 1.70% | 9,793 | $3.1M | Reduce -0.1% |
| BBSI Barrett Business SVCS Inc. | 1.69% | 75,467 | $3.1M | Reduce -2.9% |
| FRPT Freshpet Inc. | 1.68% | 37,101 | $3.1M | Reduce -0.1% |
| C Citigroup Inc. | 1.64% | 42,323 | $3.0M | No change |
| SGI Somnigroup International Inc. | 1.62% | 49,575 | $3.0M | Reduce -0.2% |
| PEGA Pegasystems Inc. | 1.56% | 41,230 | $2.9M | Reduce -0.8% |
| BECN Beacon Roofing Supply Inc. | 1.55% | 23,046 | $2.9M | Reduce -5.8% |
| VWO Vanguard Ftse Emerging Marke | 1.42% | 57,508 | $2.6M | Add +0.0% |
| GFF Griffon Corp. | 1.42% | 36,395 | $2.6M | Reduce -2.7% |
| KOP Koppers Holdings Inc. | 1.31% | 85,916 | $2.4M | No change |
| CYTK Cytokinetics Inc. | 1.31% | 59,841 | $2.4M | Add +1.3% |
| ARW Arrow Electronics Inc. | 1.30% | 22,995 | $2.4M | Add +2.0% |
| MCK McKesson Corp. | 1.28% | 3,490 | $2.3M | No change |
| DY Dycom Industries Inc. | 1.23% | 14,815 | $2.3M | Add +0.1% |
| GM General Motors Co. | 1.22% | 47,500 | $2.2M | Add +2.1% |
| BBIO Bridgebio Pharma Inc. | 1.22% | 64,502 | $2.2M | Add +2.1% |
| PI Impinj Inc. | 1.18% | 23,799 | $2.2M | Add +0.7% |
| MYRG MYR Group Inc./Delaware | 1.14% | 18,475 | $2.1M | Reduce -1.6% |
| FSKAX Fidelity TTL MKT Indx | 1.07% | 12,821 | $2.0M | No change |
| CSCO Cisco Systems Inc. | 1.00% | 29,796 | $1.8M | No change |
| WSM Williams-Sonoma Inc. | 0.98% | 11,417 | $1.8M | Add +4.7% |
| MRCY Mercury Systems Inc. | 0.96% | 40,864 | $1.8M | Reduce -0.3% |
| PGR Progressive Corp. | 0.92% | 5,989 | $1.7M | Reduce -0.7% |
| THG Hanover Insurance Group Inc./ | 0.92% | 9,677 | $1.7M | Reduce -0.3% |
| UFPI Ufp Industries Inc. | 0.91% | 15,613 | $1.7M | Reduce -0.4% |
| ADP Automatic Data Processing | 0.90% | 5,423 | $1.7M | Reduce -0.3% |
| ACIW Aci Worldwide Inc. | 0.90% | 30,088 | $1.6M | Reduce -0.2% |
| GT Goodyear Tire & Rubber Co. | 0.89% | 177,000 | $1.6M | Add +101.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.88% | 6,525 | $1.6M | No change |
| SPSC SPS Commerce Inc. | 0.87% | 12,036 | $1.6M | Add +1.2% |
| WTS Watts Water Technologies-A | 0.85% | 7,629 | $1.6M | Reduce -0.4% |
| MSFT Microsoft Corp. | 0.83% | 4,075 | $1.5M | Reduce -0.2% |
| VICR Vicor Corp. | 0.83% | 32,523 | $1.5M | Add +0.0% |
| ZTS Zoetis Inc. | 0.78% | 8,738 | $1.4M | Add +4.6% |
| TDY Teledyne Technologies Inc. | 0.78% | 2,870 | $1.4M | Reduce -0.2% |
| EXTR Extreme Networks Inc. | 0.78% | 107,431 | $1.4M | Reduce -0.3% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.75% | 19,861 | $1.4M | Reduce -0.3% |
| DAR Darling Ingredients Inc. | 0.75% | 44,020 | $1.4M | Add +4.9% |
| CRM Salesforce Inc. | 0.75% | 5,109 | $1.4M | No change |
| PFE Pfizer Inc. | 0.71% | 51,390 | $1.3M | Add +32.1% |
| CBT Cabot Corp. | 0.71% | 15,593 | $1.3M | Reduce -0.2% |
| OTIS Otis Worldwide Corp. | 0.70% | 12,471 | $1.3M | Reduce -0.3% |
| ZS Zscaler Inc. | 0.67% | 6,226 | $1.2M | Reduce -0.4% |
| V Visa Inc. Class A | 0.67% | 3,510 | $1.2M | Reduce -0.4% |
| PNFP Pinnacle Financial Partners | 0.66% | 11,327 | $1.2M | No change |
| SGOV iShares 0-3 Month Treasury B | 0.65% | 11,905 | $1.2M | No change |
| FNV Franco-Nevada Corp. | 0.65% | 7,567 | $1.2M | Add +3.6% |
| FAST Fastenal Co. | 0.65% | 15,348 | $1.2M | Reduce -0.3% |
| BDC Belden Inc. | 0.64% | 11,751 | $1.2M | No change |
| TPC Tutor Perini Corp. | 0.61% | 48,654 | $1.1M | Add +0.0% |
| CHD Church & Dwight Co. Inc. | 0.57% | 9,526 | $1.0M | Reduce -0.3% |
| SM SM Energy Co. | 0.56% | 34,190 | $1.0M | No change |
| BHR Braemar Hotels & Resorts Inc. | 0.55% | 402,444 | $1.0M | No change |
| MKC McCormick & Co.-Non VTG SHRS | 0.54% | 11,979 | $986K | Add +3.8% |
| NATL NCR Atleos Corp. | 0.53% | 36,720 | $969K | No change |
| EVLV Evolv Technologies Holdings | 0.53% | 309,125 | $964K | Add +1.1% |
| AUPH Aurinia Pharmaceuticals Inc. | 0.52% | 117,644 | $946K | Add +24.7% |
| ZETA Zeta Global Holdings Corp. Class A | 0.51% | 68,376 | $927K | Add +0.3% |
| SHOO Steven Madden Ltd. filed as MADDEN STEVEN LTD | 0.50% | 34,518 | $920K | Reduce -1.4% |
| ORI Old Republic Intl Corp. | 0.50% | 23,430 | $919K | Reduce -0.2% |
| CADE Cadence Bank | 0.50% | 29,990 | $910K | Reduce -0.6% |
| SPGI S&P Global Inc. | 0.49% | 1,766 | $897K | Reduce -0.2% |
| VYX NCR Voyix Corp. | 0.48% | 90,420 | $882K | No change |
| FITB Fifth Third Bancorp | 0.48% | 22,398 | $878K | No change |
| KSS Kohls Corp. | 0.47% | 105,800 | $865K | Add +5.8% |
| GOOGL Alphabet Inc. Class A | 0.47% | 5,571 | $861K | Reduce -0.3% |
| AEM Agnico Eagle Mines Ltd. | 0.46% | 7,848 | $851K | Reduce -0.2% |
| COHR Coherent Corp. | 0.46% | 12,884 | $837K | Reduce -0.4% |
| ICE Intercontinental Exchange Inc. | 0.45% | 4,775 | $824K | Reduce -0.1% |
| TPH Tri Pointe Homes Inc. | 0.44% | 25,514 | $814K | Reduce -0.5% |
| NPKI NPK International Inc. | 0.44% | 139,273 | $809K | Reduce -5.5% |
| JPM JPMorgan Chase & Co. | 0.42% | 3,154 | $774K | Reduce -20.2% |
| DHR Danaher Corp. | 0.42% | 3,772 | $773K | Reduce -0.2% |
| ATRO Astronics Corp. | 0.41% | 31,382 | $759K | Add +14.2% |
| LDOS Leidos Holdings Inc. | 0.40% | 5,450 | $735K | New |
| TTMI TTM Technologies | 0.40% | 35,548 | $729K | Reduce -0.4% |
| DNLI Denali Therapeutics Inc. | 0.37% | 49,305 | $670K | Add +34.9% |
| BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC | 0.37% | 25,683 | $670K | Add +60.3% |
| PGY Pagaya Technologies Ltd. Class A | 0.34% | 59,674 | $625K | Add +92.2% |
| TCBK Trico Bancshares | 0.34% | 15,580 | $623K | Reduce -0.6% |
| CVGI Commercial Vehicle Group Inc. | 0.34% | 534,540 | $615K | Add +1.9% |
| STKL Sunopta Inc. | 0.33% | 125,766 | $611K | Reduce -5.3% |
| WPM Wheaton Precious Metals Corp. | 0.32% | 7,618 | $591K | Reduce -0.3% |
| ENOV Enovis Corp. | 0.31% | 14,903 | $569K | Add +5.3% |
| APAM Artisan Partners Asset Ma -A | 0.30% | 13,955 | $546K | Reduce -0.4% |
| VTMGX Vanguard Dev MKT Indx-Adm | 0.29% | 32,611 | $533K | Add +0.5% |
| TNC Tennant Co. | 0.29% | 6,621 | $528K | Add +0.6% |
| GE General Electric filed as GE AEROSPACE | 0.28% | 2,607 | $522K | No change |
| GS Goldman Sachs Group Inc. | 0.28% | 939 | $513K | No change |
| LXU LSB Industries Inc. | 0.28% | 76,703 | $505K | Reduce -2.2% |
| BANC Banc of California Inc. | 0.27% | 34,359 | $488K | Reduce -0.4% |
| QRVO Qorvo Inc. | 0.26% | 6,648 | $481K | No change |
| WSFS WSFS Financial Corp. | 0.26% | 9,270 | $481K | No change |
| PBI Pitney Bowes Inc. | 0.26% | 52,590 | $476K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| FRPT Freshpet Inc. | Reduce -0.1% | 1.68% | −1.06 |
| BARNES GROUP INC | Sold out | 0.00% | −0.57 |
| IWM iShares Russell 2000 ETF | Reduce -11.6% | 3.80% | −0.55 |
| GPI Group 1 Automotive Inc. | Reduce -13.6% | 3.06% | −0.51 |
| PEGA Pegasystems Inc. | Reduce -0.8% | 1.56% | −0.36 |
| SMAR Smartsheet Inc. Class A | Sold out | 0.00% | −0.32 |
| MNTX Manitex International Inc. | Sold out | 0.00% | −0.26 |
| MYRG MYR Group Inc./Delaware | Reduce -1.6% | 1.14% | −0.25 |
| SHOO Steven Madden Ltd. | Reduce -1.4% | 0.50% | −0.24 |
| CALF PCR US SM CP CSH CWS ETF-Usd | Sold out | 0.00% | −0.23 |
| INDI Indie Semiconductor Inc. Class A | Reduce -3.2% | 0.22% | −0.20 |
| STKL Sunopta Inc. | Reduce -5.3% | 0.33% | −0.18 |
| COHR Coherent Corp. | Reduce -0.4% | 0.46% | −0.15 |
| KRNT Kornit Digital Ltd. | Sold out | 0.00% | −0.14 |
| EXTR Extreme Networks Inc. | Reduce -0.3% | 0.78% | −0.12 |
| NPKI NPK International Inc. | Reduce -5.5% | 0.44% | −0.12 |
| ETN Eaton Corp. PLC | Sold out | 0.00% | −0.12 |
| SONO Sonos Inc. | Reduce -10.6% | 0.24% | −0.11 |
| GEV GE Vernova Inc. | Sold out | 0.00% | −0.11 |
| NVO Novo-Nordisk A/S-Spons ADR | Reduce -0.3% | 0.75% | −0.10 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.10 |
| SPT Sprout Social Inc. Class A | Reduce -10.8% | 0.23% | −0.10 |
| MEI Methode Electronics Inc. | Reduce -2.8% | 0.10% | −0.07 |
| GOOGL Alphabet Inc. Class A | Reduce -0.3% | 0.47% | −0.06 |
| GEOS Geospace Technologies Corp. | Reduce -9.1% | 0.14% | −0.05 |
| EVH Evolent Health Inc. Class A | Reduce -10.4% | 0.24% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -20.2% | 0.42% | −0.05 |
| TTMI TTM Technologies | Reduce -0.4% | 0.40% | −0.04 |
| BW Babcock & Wilcox Enterpr | Reduce -5.6% | 0.03% | −0.04 |
| CARG Cargurus Inc. | Reduce -1.0% | 0.18% | −0.03 |
| CMP Compass Minerals Internation | Reduce -7.0% | 0.14% | −0.03 |
| MISXX Msilf Treasury Port-Inst | Reduce -66.0% | 0.02% | −0.03 |
| MSFT Microsoft Corp. | Reduce -0.2% | 0.83% | −0.02 |
| DLTH Duluth Holdings Inc. Class B | Reduce -3.0% | 0.03% | −0.02 |
| CADE Cadence Bank | Reduce -0.6% | 0.50% | −0.02 |
| LXU LSB Industries Inc. | Reduce -2.2% | 0.28% | −0.02 |
| CKPT Checkpoint Therapeutics Inc. | Sold out | 0.00% | −0.02 |
| TPH Tri Pointe Homes Inc. | Reduce -0.5% | 0.44% | −0.02 |
| TTEC Ttec Holdings Inc. | Reduce -0.6% | 0.04% | −0.02 |
| ACCO Acco Brands Corp. | Reduce -7.9% | 0.06% | −0.01 |
| CIIXX Wstrn Asst Inst US TRS-Inst | Reduce -16.5% | 0.14% | −0.01 |
| DHR Danaher Corp. | Reduce -0.2% | 0.42% | −0.01 |
| ASYS Amtech Systems Inc. | Reduce -6.1% | 0.07% | −0.01 |
| DIS The Walt Disney Co. | Reduce -1.1% | 0.13% | −0.01 |
| CBT Cabot Corp. | Reduce -0.2% | 0.71% | −0.00 |
| APAM Artisan Partners Asset Ma -A | Reduce -0.4% | 0.30% | −0.00 |
| MCRB Seres Therapeutics Inc. | Reduce -7.8% | 0.01% | −0.00 |
| TCBK Trico Bancshares | Reduce -0.6% | 0.34% | −0.00 |
| CULMF Culico Metals Inc. | Sold out | 0.00% | −0.00 |
| Cartesian Therapeutics CVR | Reduce -0.2% | 0.00% | 0.00 |
Portfolio Buys Q4 2024 → Q1 2025
| EFA iShares MSCI Eafe ETF | Add +0.0% | 4.81% | +0.75 |
| GT Goodyear Tire & Rubber Co. | Add +101.4% | 0.89% | +0.50 |
| SMCI Super Micro Computer Inc. | Add +5.5% | 1.93% | +0.44 |
| LDOS Leidos Holdings Inc. | New | 0.40% | +0.40 |
| BBIO Bridgebio Pharma Inc. | Add +2.1% | 1.22% | +0.35 |
| SHV iShares 0-1 Year Treasury Bo | Add +7.8% | 2.06% | +0.32 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.0% | 6.71% | +0.25 |
| FNV Franco-Nevada Corp. | Add +3.6% | 0.65% | +0.22 |
| CBRL Cracker Barrel Old Country | New | 0.21% | +0.21 |
| PGY Pagaya Technologies Ltd. Class A | Add +92.2% | 0.34% | +0.20 |
| PFE Pfizer Inc. | Add +32.1% | 0.71% | +0.20 |
| ATRO Astronics Corp. | Add +14.2% | 0.41% | +0.20 |
| VWO Vanguard Ftse Emerging Marke | Add +0.0% | 1.42% | +0.16 |
| BBT Beacon Financial Corp. | Add +60.3% | 0.37% | +0.14 |
| AON PLC | New | 0.12% | +0.12 |
| ZTS Zoetis Inc. | Add +4.6% | 0.78% | +0.11 |
| MKC McCormick & Co.-Non VTG SHRS | Add +3.8% | 0.54% | +0.10 |
| AUPH Aurinia Pharmaceuticals Inc. | Add +24.7% | 0.52% | +0.09 |
| HBM Hudbay Minerals Inc. | Add +116.1% | 0.11% | +0.06 |
| VICR Vicor Corp. | Add +0.0% | 0.83% | +0.05 |
| DAR Darling Ingredients Inc. | Add +4.9% | 0.75% | +0.05 |
| VTMGX Vanguard Dev MKT Indx-Adm | Add +0.5% | 0.29% | +0.04 |
| AVD American Vanguard Corp. | New | 0.04% | +0.04 |
| ARW Arrow Electronics Inc. | Add +2.0% | 1.30% | +0.03 |
| TPC Tutor Perini Corp. | Add +0.0% | 0.61% | +0.03 |
| TNC Tennant Co. | Add +0.6% | 0.29% | +0.02 |
| EMXC iShares MSCI Emr MRK Ex Chna | Add +0.0% | 0.18% | +0.01 |
| ANIK Anika Therapeutics Inc. | Add +4.6% | 0.22% | +0.01 |
| NFBK Northfield Bancorp Inc. | Add +2.8% | 0.09% | +0.00 |
| RBBN Ribbon Communications Inc. | Add +0.3% | 0.04% | +0.00 |
| ENOV Enovis Corp. | Add +5.3% | 0.31% | +0.00 |
| DNLI Denali Therapeutics Inc. | Add +34.9% | 0.37% | −0.01 |
| CALY Callaway Golf Company | Add +2.1% | 0.20% | −0.01 |
| GM General Motors Co. | Add +2.1% | 1.22% | −0.02 |
| WSM Williams-Sonoma Inc. | Add +4.7% | 0.98% | −0.02 |
| CRI Carter's Inc. | Add +1.8% | 0.18% | −0.03 |
| DY Dycom Industries Inc. | Add +0.1% | 1.23% | −0.05 |
| CYTK Cytokinetics Inc. | Add +1.3% | 1.31% | −0.07 |
| EVLV Evolv Technologies Holdings | Add +1.1% | 0.53% | −0.08 |
| AMRC Ameresco Inc. Class A | Add +3.4% | 0.14% | −0.10 |
| IRBTQ Irobot Corp. | Add +13.4% | 0.08% | −0.10 |
| ZETA Zeta Global Holdings Corp. Class A | Add +0.3% | 0.51% | −0.10 |
| SPSC SPS Commerce Inc. | Add +1.2% | 0.87% | −0.22 |
| KSS Kohls Corp. | Add +5.8% | 0.47% | −0.23 |
| CVGI Commercial Vehicle Group Inc. | Add +1.9% | 0.34% | −0.31 |
| PI Impinj Inc. | Add +0.7% | 1.18% | −0.53 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 177 | $289.2M | VTI, EFA, VICR, MYRG, SHV |
| Q1 2026 | 179 | $239.8M | VTI, EFA, SHV, MYRG, VICR |
| Q4 2025 | 172 | $237.8M | VTI, EFA, SHV, IWM, GPI |
| Q3 2025 | 171 | $229.3M | VTI, EFA, GPI, IWM, SMCI |
| Q2 2025 | 167 | $205.5M | VTI, EFA, IWM, GPI, SMCI |
| Q1 2025 | 163 | $183.4M | VTI, EFA, IWM, GPI, SHV |
| Q4 2024 | 169 | $200.8M | VTI, IWM, EFA, GPI, FRPT |
| Q3 2024 | 174 | $205.3M | VTI, EFA, IWM, GPI, PI |
| Q2 2024 | 169 | $187.0M | VTI, EFA, IWM, GPI, FRPT |
| Q1 2024 | 174 | $204.9M | VTI, EFA, SMCI, GPI, KOP |