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

0$100.0M$200.0M$300.0M Q1 2024: $204.9M Q1 2024 Q2 2024: $187.0M Q2 2024 Q3 2024: $205.3M Q3 2024 Q4 2024: $200.8M Q4 2024 Q1 2025: $183.4M $183.4M Q1 2025 Q2 2025: $205.5M Q2 2025 Q3 2025: $229.3M Q3 2025 Q4 2025: $237.8M Q4 2025 Q1 2026: $239.8M Q1 2026 Q2 2026: $289.2M Q2 2026

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
CAT Caterpillar Inc. 0.25% 1,400 $462K No change
PEP Pepsico Inc. 0.25% 3,045 $457K No change
SONO Sonos Inc. 0.24% 41,765 $446K Reduce -10.6%
EVH Evolent Health Inc. Class A 0.24% 46,629 $442K Reduce -10.4%
UNFI United Natural Foods Inc. 0.23% 15,539 $426K Reduce -0.2%
SPT Sprout Social Inc. Class A 0.23% 19,030 $418K Reduce -10.8%
INDI Indie Semiconductor Inc. Class A 0.22% 202,671 $412K Reduce -3.2%
AAPL Apple Inc. 0.22% 1,836 $408K No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.22% 4,847 $407K No change
META Meta Platforms Inc. Class A 0.22% 704 $406K No change
RPRX Royalty Pharma PLC Class A 0.22% 13,000 $405K No change
ANIK Anika Therapeutics Inc. 0.22% 26,850 $404K Add +4.6%
COLB Columbia Banking System Inc. 0.21% 15,510 $387K Reduce -0.7%
CBRL Cracker Barrel Old Country 0.21% 9,850 $382K New
BMY Bristol-Myers Squibb Co. 0.21% 6,239 $381K No change
CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP 0.20% 54,718 $361K Add +2.1%
IWD iShares Russell 1000 Value E 0.19% 1,867 $351K No change
ANWPX Amer FNDS New Perspect-A filed as AMERICAN FUNDS NEW PERSPECTIVE A 0.19% 5,667 $345K No change
MRK Merck & Co. Inc. 0.18% 3,671 $330K No change
CARG Cargurus Inc. 0.18% 11,303 $329K Reduce -1.0%
IWF iShares Russell 1000 Growth 0.18% 906 $327K No change
CRI Carter's Inc. 0.18% 7,896 $323K Add +1.8%
EMXC iShares MSCI Emr MRK Ex Chna 0.18% 5,833 $321K Add +0.0%
TGT Target Corp. 0.17% 2,990 $312K No change
BA The Boeing Co. 0.17% 1,804 $308K Reduce -0.3%
HPQ HP Inc. 0.17% 11,106 $308K No change
CMP Compass Minerals Internation 0.14% 27,746 $258K Reduce -7.0%
AMRC Ameresco Inc. Class A 0.14% 21,298 $257K Add +3.4%
UIS Unisys Corp. 0.14% 55,432 $254K No change
CIIXX Wstrn Asst Inst US TRS-Inst filed as Legg Mason WA US TSY Res Inst 0.14% 253,125 $253K Reduce -16.5%
GEOS Geospace Technologies Corp. 0.14% 35,084 $253K Reduce -9.1%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.13% 5,739 $239K Reduce -1.7%
SCHE Schwab Emrg Mrkts Eqty ETF 0.13% 8,349 $230K No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.13% 2,330 $230K Reduce -1.1%
EXE Expand Energy Corp. 0.12% 2,042 $227K No change
AON PLC filed as AON Corporation 0.12% 555 $221K New
Westgold Resources Ltd. 0.12% 122,944 $221K No change
AES AES Corp. 0.12% 17,328 $215K No change
FLR Fluor Corp. 0.12% 5,968 $214K No change
HBM Hudbay Minerals Inc. 0.11% 27,581 $209K Add +116.1%
NOG Northern Oil and Gas Inc. 0.11% 6,740 $204K No change
HWC Hancock Whitney Corp. 0.11% 3,855 $202K Reduce -0.3%
MEI Methode Electronics Inc. 0.10% 28,409 $181K Reduce -2.8%
NFBK Northfield Bancorp Inc. 0.09% 15,448 $169K Add +2.8%
VALN Valneva SE - ADR 0.09% 25,022 $168K No change
ALTG Alta Equipment Group Inc. 0.09% 34,255 $161K No change
HPE Hewlett Packard Enterprise 0.09% 10,356 $160K No change
IRBTQ Irobot Corp. 0.08% 53,535 $145K Add +13.4%
KALV Kalvista Pharmaceuticals Inc. 0.07% 11,488 $133K No change
DRRX Durect Corporation 0.07% 163,934 $131K Reduce -4.6%
ASYS Amtech Systems Inc. 0.07% 26,291 $127K Reduce -6.1%
ACCO Acco Brands Corp. 0.06% 25,102 $105K Reduce -7.9%
RYCEY Rolls-Royce Holdings-SP ADR 0.05% 10,171 $100K No change
MQ Marqeta Inc. 0.05% 24,140 $99K Reduce -3.1%
TTEC Ttec Holdings Inc. filed as TTEC HLDGS INC 0.04% 24,979 $82K Reduce -0.6%
RBBN Ribbon Communications Inc. 0.04% 19,218 $75K Add +0.3%
AVD American Vanguard Corp. 0.04% 15,173 $67K New
DLTH Duluth Holdings Inc. Class B 0.03% 34,868 $61K Reduce -3.0%
BW Babcock & Wilcox Enterpr 0.03% 81,223 $55K Reduce -5.6%
SSUP Superior Industries Intl 0.03% 21,494 $46K No change
MISXX Msilf Treasury Port-Inst 0.02% 28,064 $28K Reduce -66.0%
MCRB Seres Therapeutics Inc. 0.01% 36,494 $26K Reduce -7.8%
Cartesian Therapeutics CVR 0.00% 173,645 $0 Reduce -0.2%

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

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 177$289.2MVTI, EFA, VICR, MYRG, SHV
Q1 2026 179$239.8MVTI, EFA, SHV, MYRG, VICR
Q4 2025 172$237.8MVTI, EFA, SHV, IWM, GPI
Q3 2025 171$229.3MVTI, EFA, GPI, IWM, SMCI
Q2 2025 167$205.5MVTI, EFA, IWM, GPI, SMCI
Q1 2025 163$183.4MVTI, EFA, IWM, GPI, SHV
Q4 2024 169$200.8MVTI, IWM, EFA, GPI, FRPT
Q3 2024 174$205.3MVTI, EFA, IWM, GPI, PI
Q2 2024 169$187.0MVTI, EFA, IWM, GPI, FRPT
Q1 2024 174$204.9MVTI, EFA, SMCI, GPI, KOP