Ironwood Investment Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 13, 2025), Ironwood Investment Management LLC reported 167 stock positions worth $205.5 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 6.8% of the portfolio, followed by iShares MSCI Eafe ETF (EFA, 4.8%) and iShares Russell 2000 ETF (IWM, 3.4%). Compared with Q1 2025, it opened 13 new positions, sold out of 9, added to 53 and reduced 70. The biggest buy was Pegasystems (PEGA, shares +94%) and the biggest sale an exit from Beacon Roofing Supply (BECN).
- Most Recent 13F
- Q2 2026
- Location
- BOSTON, MA
- CIK
- 0001127761
- Portfolio Value
- $205.5M (Q2 2025)
- SEC Filing
- 0001376474-25-000744 ↗ filed Aug 13, 2025
Holdings Value
Holdings 167 stocks · $205.5M
| VTI VG Morningstar TS MKT ETF-US | 6.82% | 46,094 | $14.0M | Add +3.0% |
| EFA iShares MSCI Eafe ETF | 4.81% | 110,640 | $9.9M | Add +2.5% |
| IWM iShares Russell 2000 ETF | 3.40% | 32,386 | $7.0M | Reduce -7.3% |
| GPI Group 1 Automotive Inc. | 3.07% | 14,427 | $6.3M | Reduce -1.7% |
| SMCI Super Micro Computer Inc. | 2.42% | 101,413 | $5.0M | Reduce -1.8% |
| PEGA Pegasystems Inc. | 2.11% | 80,098 | $4.3M | Add +94.3% |
| SHV iShares 0-1 Year Treasury Bo | 1.91% | 35,622 | $3.9M | Add +4.2% |
| C Citigroup Inc. | 1.75% | 42,266 | $3.6M | Reduce -0.1% |
| DY Dycom Industries Inc. | 1.72% | 14,497 | $3.5M | Reduce -2.1% |
| IWV iShares Russell 3000 ETF | 1.70% | 9,982 | $3.5M | Add +1.9% |
| MYRG MYR Group Inc./Delaware | 1.61% | 18,183 | $3.3M | Reduce -1.6% |
| SGI Somnigroup International Inc. | 1.59% | 48,101 | $3.3M | Reduce -3.0% |
| BBSI Barrett Business SVCS Inc. | 1.52% | 74,965 | $3.1M | Reduce -0.7% |
| VWO Vanguard Ftse Emerging Marke | 1.46% | 60,512 | $3.0M | Add +5.2% |
| ARW Arrow Electronics Inc. | 1.43% | 22,995 | $2.9M | No change |
| BBIO Bridgebio Pharma Inc. | 1.31% | 62,446 | $2.7M | Reduce -3.2% |
| KOP Koppers Holdings Inc. | 1.29% | 82,416 | $2.6M | Reduce -4.1% |
| GFF Griffon Corp. | 1.28% | 36,395 | $2.6M | No change |
| PI Impinj Inc. | 1.25% | 23,055 | $2.6M | Reduce -3.1% |
| MCK McKesson Corp. | 1.22% | 3,425 | $2.5M | Reduce -1.9% |
| FRPT Freshpet Inc. | 1.18% | 35,567 | $2.4M | Reduce -4.1% |
| GM General Motors Co. | 1.14% | 47,500 | $2.3M | No change |
| FSKAX Fidelity TTL MKT Indx | 1.06% | 12,831 | $2.2M | Add +0.1% |
| MRCY Mercury Systems Inc. | 1.04% | 39,670 | $2.1M | Reduce -2.9% |
| CSCO Cisco Systems Inc. | 1.01% | 29,797 | $2.1M | Add +0.0% |
| MSFT Microsoft Corp. | 1.00% | 4,113 | $2.0M | Add +0.9% |
| TPC Tutor Perini Corp. | 0.98% | 43,002 | $2.0M | Reduce -11.6% |
| CYTK Cytokinetics Inc. | 0.92% | 57,516 | $1.9M | Reduce -3.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.92% | 6,429 | $1.9M | Reduce -1.5% |
| ZS Zscaler Inc. | 0.92% | 6,009 | $1.9M | Reduce -3.5% |
| EXTR Extreme Networks Inc. | 0.91% | 104,064 | $1.9M | Reduce -3.1% |
| EVLV Evolv Technologies Holdings | 0.90% | 297,836 | $1.9M | Reduce -3.6% |
| GT Goodyear Tire & Rubber Co. | 0.89% | 177,000 | $1.8M | No change |
| WTS Watts Water Technologies-A | 0.88% | 7,372 | $1.8M | Reduce -3.4% |
| WSM Williams-Sonoma Inc. | 0.87% | 10,991 | $1.8M | Reduce -3.7% |
| ADP Automatic Data Processing | 0.82% | 5,485 | $1.7M | Add +1.1% |
| DAR Darling Ingredients Inc. | 0.80% | 43,138 | $1.6M | Reduce -2.0% |
| THG Hanover Insurance Group Inc./ | 0.78% | 9,400 | $1.6M | Reduce -2.9% |
| SPSC SPS Commerce Inc. | 0.77% | 11,628 | $1.6M | Reduce -3.4% |
| PGR Progressive Corp. | 0.76% | 5,823 | $1.6M | Reduce -2.8% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.72% | 21,552 | $1.5M | Add +8.5% |
| TDY Teledyne Technologies Inc. | 0.72% | 2,902 | $1.5M | Add +1.1% |
| UFPI Ufp Industries Inc. | 0.72% | 14,944 | $1.5M | Reduce -4.3% |
| ZTS Zoetis Inc. | 0.71% | 9,391 | $1.5M | Add +7.5% |
| VICR Vicor Corp. | 0.69% | 31,435 | $1.4M | Reduce -3.4% |
| TTMI TTM Technologies | 0.68% | 34,372 | $1.4M | Reduce -3.3% |
| CBT Cabot Corp. | 0.67% | 18,289 | $1.4M | Add +17.3% |
| CRM Salesforce Inc. | 0.66% | 4,997 | $1.4M | Reduce -2.2% |
| FNV Franco-Nevada Corp. | 0.66% | 8,312 | $1.4M | Add +9.8% |
| BDC Belden Inc. | 0.66% | 11,751 | $1.4M | No change |
| ACIW Aci Worldwide Inc. | 0.65% | 29,205 | $1.3M | Reduce -2.9% |
| FAST Fastenal Co. | 0.63% | 31,034 | $1.3M | Add +1.1% |
| PGY Pagaya Technologies Ltd. Class A | 0.62% | 60,097 | $1.3M | Add +0.7% |
| V Visa Inc. Class A | 0.61% | 3,552 | $1.3M | Add +1.2% |
| PNFP Pinnacle Financial Partners | 0.61% | 11,327 | $1.3M | No change |
| OTIS Otis Worldwide Corp. | 0.61% | 12,609 | $1.2M | Add +1.1% |
| PFE Pfizer Inc. | 0.61% | 51,390 | $1.2M | No change |
| NPKI NPK International Inc. | 0.59% | 143,199 | $1.2M | Add +2.8% |
| COHR Coherent Corp. | 0.54% | 12,424 | $1.1M | Reduce -3.6% |
| VYX NCR Voyix Corp. | 0.52% | 90,420 | $1.1M | No change |
| NATL NCR Atleos Corp. | 0.51% | 36,720 | $1.0M | No change |
| ZETA Zeta Global Holdings Corp. Class A | 0.50% | 65,962 | $1.0M | Reduce -3.5% |
| SHOO Steven Madden Ltd. filed as MADDEN STEVEN LTD | 0.50% | 42,538 | $1.0M | Add +23.2% |
| ATRO Astronics Corp. | 0.49% | 30,166 | $1.0M | Reduce -3.9% |
| GOOGL Alphabet Inc. Class A | 0.48% | 5,632 | $993K | Add +1.1% |
| CVGI Commercial Vehicle Group Inc. | 0.48% | 595,540 | $989K | Add +11.4% |
| BHR Braemar Hotels & Resorts Inc. | 0.48% | 402,444 | $986K | No change |
| AUPH Aurinia Pharmaceuticals Inc. | 0.48% | 115,865 | $981K | Reduce -1.5% |
| AEM Agnico Eagle Mines Ltd. | 0.46% | 7,930 | $943K | Add +1.0% |
| SPGI S&P Global Inc. | 0.46% | 1,784 | $941K | Add +1.0% |
| CHD Church & Dwight Co. Inc. | 0.45% | 9,623 | $925K | Add +1.0% |
| CADE Cadence Bank | 0.45% | 28,886 | $924K | Reduce -3.7% |
| FITB Fifth Third Bancorp | 0.45% | 22,398 | $921K | No change |
| JPM JPMorgan Chase & Co. | 0.44% | 3,154 | $914K | No change |
| KSS Kohls Corp. | 0.44% | 105,800 | $897K | No change |
| ICE Intercontinental Exchange Inc. | 0.43% | 4,833 | $887K | Add +1.2% |
| ORI Old Republic Intl Corp. | 0.42% | 22,652 | $871K | Reduce -3.3% |
| LDOS Leidos Holdings Inc. | 0.42% | 5,450 | $860K | No change |
| SM SM Energy Co. | 0.41% | 34,190 | $845K | No change |
| MKC McCormick & Co.-Non VTG SHRS | 0.39% | 10,665 | $809K | Reduce -11.0% |
| TPH Tri Pointe Homes Inc. | 0.38% | 24,460 | $781K | Reduce -4.1% |
| DHR Danaher Corp. | 0.37% | 3,815 | $754K | Add +1.1% |
| INDI Indie Semiconductor Inc. Class A | 0.37% | 211,599 | $753K | Add +4.4% |
| STKL Sunopta Inc. | 0.36% | 128,500 | $745K | Add +2.2% |
| DNLI Denali Therapeutics Inc. | 0.36% | 53,212 | $744K | Add +7.9% |
| ASPN Aspen Aerogels Inc. | 0.36% | 124,324 | $736K | New |
| WPM Wheaton Precious Metals Corp. | 0.34% | 7,722 | $693K | Add +1.4% |
| VGK Vanguard Ftse Europe ETF | 0.34% | 8,941 | $693K | New |
| SGOV iShares 0-3 Month Treasury B | 0.33% | 6,705 | $675K | Reduce -43.7% |
| GS Goldman Sachs Group Inc. | 0.32% | 939 | $665K | No change |
| GE General Electric filed as GE AEROSPACE | 0.32% | 2,526 | $650K | Reduce -3.1% |
| LXU LSB Industries Inc. | 0.31% | 82,425 | $643K | Add +7.5% |
| BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC | 0.30% | 24,742 | $620K | Reduce -3.7% |
| ASML ASML Holding NV-NY Reg SHS | 0.30% | 772 | $619K | New |
| TCBK Trico Bancshares | 0.29% | 14,943 | $605K | Reduce -4.1% |
| VTMGX Vanguard Dev MKT Indx-Adm | 0.29% | 32,871 | $603K | Add +0.8% |
| CBRL Cracker Barrel Old Country | 0.29% | 9,850 | $602K | No change |
| APAM Artisan Partners Asset Ma -A | 0.29% | 13,426 | $595K | Reduce -3.8% |
| CMP Compass Minerals Internation | 0.29% | 29,495 | $593K | Add +6.3% |
| ONTO Onto Innovation Inc. | 0.29% | 5,811 | $587K | New |
Portfolio Sells Q1 2025 → Q2 2025
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −1.55 |
| FRPT Freshpet Inc. | Reduce -4.1% | 1.18% | −0.51 |
| IWM iShares Russell 2000 ETF | Reduce -7.3% | 3.40% | −0.40 |
| CYTK Cytokinetics Inc. | Reduce -3.9% | 0.92% | −0.39 |
| SGOV iShares 0-3 Month Treasury B | Reduce -43.7% | 0.33% | −0.33 |
| ENOV Enovis Corp. | Sold out | 0.00% | −0.31 |
| ACIW Aci Worldwide Inc. | Reduce -2.9% | 0.65% | −0.25 |
| RPRX Royalty Pharma PLC Class A | Sold out | 0.00% | −0.22 |
| UFPI Ufp Industries Inc. | Reduce -4.3% | 0.72% | −0.19 |
| EMXC iShares MSCI Emr MRK Ex Chna | Sold out | 0.00% | −0.18 |
| BBSI Barrett Business SVCS Inc. | Reduce -0.7% | 1.52% | −0.17 |
| PGR Progressive Corp. | Reduce -2.8% | 0.76% | −0.17 |
| PBI Pitney Bowes Inc. | Reduce -59.7% | 0.11% | −0.15 |
| MKC McCormick & Co.-Non VTG SHRS | Reduce -11.0% | 0.39% | −0.14 |
| THG Hanover Insurance Group Inc./ | Reduce -2.9% | 0.78% | −0.14 |
| VICR Vicor Corp. | Reduce -3.4% | 0.69% | −0.14 |
| AON PLC | Sold out | 0.00% | −0.12 |
| NOG Northern Oil and Gas Inc. | Sold out | 0.00% | −0.11 |
| WSM Williams-Sonoma Inc. | Reduce -3.7% | 0.87% | −0.11 |
| SPSC SPS Commerce Inc. | Reduce -3.4% | 0.77% | −0.10 |
| CRM Salesforce Inc. | Reduce -2.2% | 0.66% | −0.08 |
| ORI Old Republic Intl Corp. | Reduce -3.3% | 0.42% | −0.08 |
| BMY Bristol-Myers Squibb Co. | Reduce -3.1% | 0.14% | −0.07 |
| BBT Beacon Financial Corp. | Reduce -3.7% | 0.30% | −0.06 |
| TPH Tri Pointe Homes Inc. | Reduce -4.1% | 0.38% | −0.06 |
| CRI Carter's Inc. | Reduce -2.4% | 0.11% | −0.06 |
| UNFI United Natural Foods Inc. | Reduce -3.0% | 0.17% | −0.06 |
| PEP Pepsico Inc. | Reduce -3.5% | 0.19% | −0.06 |
| MCK McKesson Corp. | Reduce -1.9% | 1.22% | −0.06 |
| RYCEY Rolls-Royce Holdings-SP ADR | Sold out | 0.00% | −0.05 |
| TNC Tennant Co. | Reduce -3.7% | 0.24% | −0.05 |
| CADE Cadence Bank | Reduce -3.7% | 0.45% | −0.05 |
| TCBK Trico Bancshares | Reduce -4.1% | 0.29% | −0.05 |
| MRK Merck & Co. Inc. | Reduce -4.8% | 0.13% | −0.05 |
| COLB Columbia Banking System Inc. | Reduce -4.4% | 0.17% | −0.04 |
| BANC Banc of California Inc. | Reduce -3.5% | 0.23% | −0.04 |
| AUPH Aurinia Pharmaceuticals Inc. | Reduce -1.5% | 0.48% | −0.04 |
| HPQ HP Inc. | Reduce -1.0% | 0.13% | −0.04 |
| DRRX Durect Corporation | Reduce -28.0% | 0.04% | −0.04 |
| AES AES Corp. | Reduce -0.4% | 0.09% | −0.03 |
| SGI Somnigroup International Inc. | Reduce -3.0% | 1.59% | −0.03 |
| SSUP Superior Industries Intl | Sold out | 0.00% | −0.03 |
| KOP Koppers Holdings Inc. | Reduce -4.1% | 1.29% | −0.02 |
| MCRB Seres Therapeutics Inc. | Sold out | 0.00% | −0.01 |
| NFBK Northfield Bancorp Inc. | Reduce -3.9% | 0.08% | −0.01 |
| ZETA Zeta Global Holdings Corp. Class A | Reduce -3.5% | 0.50% | −0.01 |
| APAM Artisan Partners Asset Ma -A | Reduce -3.8% | 0.29% | −0.01 |
| HWC Hancock Whitney Corp. | Reduce -4.0% | 0.10% | −0.01 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Reduce -1.8% | 0.12% | −0.01 |
| RBBN Ribbon Communications Inc. | Reduce -3.0% | 0.04% | −0.00 |
Portfolio Buys Q1 2025 → Q2 2025
| PEGA Pegasystems Inc. | Add +94.3% | 2.11% | +0.55 |
| ASPN Aspen Aerogels Inc. | New | 0.36% | +0.36 |
| VGK Vanguard Ftse Europe ETF | New | 0.34% | +0.34 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.30% | +0.30 |
| ONTO Onto Innovation Inc. | New | 0.29% | +0.29 |
| PGY Pagaya Technologies Ltd. Class A | Add +0.7% | 0.62% | +0.28 |
| TRS Trimas Corp. | New | 0.26% | +0.26 |
| MSFT Microsoft Corp. | Add +0.9% | 1.00% | +0.16 |
| GEV GE Vernova Inc. | New | 0.16% | +0.16 |
| NPKI NPK International Inc. | Add +2.8% | 0.59% | +0.15 |
| CMP Compass Minerals Internation | Add +6.3% | 0.29% | +0.15 |
| CVGI Commercial Vehicle Group Inc. | Add +11.4% | 0.48% | +0.15 |
| INDI Indie Semiconductor Inc. Class A | Add +4.4% | 0.37% | +0.14 |
| ORCL Oracle Corp. | New | 0.13% | +0.13 |
| ETN Eaton Corp. PLC | New | 0.12% | +0.12 |
| GEOS Geospace Technologies Corp. | Add +5.9% | 0.26% | +0.12 |
| VTI VG Morningstar TS MKT ETF-US | Add +3.0% | 6.82% | +0.11 |
| BURBY Burberry Group PLC-Spon ADR | New | 0.11% | +0.11 |
| NWL Newell Brands Inc. | New | 0.07% | +0.07 |
| QTRX Quanterix Corp. | New | 0.07% | +0.07 |
| NSPR Inspiremd Inc. | New | 0.07% | +0.07 |
| TALO Talos Energy Inc. | New | 0.07% | +0.07 |
| BW Babcock & Wilcox Enterpr | Add +141.3% | 0.09% | +0.06 |
| AVD American Vanguard Corp. | Add +155.3% | 0.07% | +0.04 |
| LXU LSB Industries Inc. | Add +7.5% | 0.31% | +0.04 |
| MEI Methode Electronics Inc. | Add +3.4% | 0.14% | +0.04 |
| VWO Vanguard Ftse Emerging Marke | Add +5.2% | 1.46% | +0.04 |
| EVH Evolent Health Inc. Class A | Add +8.3% | 0.28% | +0.04 |
| CALY Callaway Golf Company | Add +5.9% | 0.23% | +0.03 |
| AMRC Ameresco Inc. Class A | Add +7.8% | 0.17% | +0.03 |
| STKL Sunopta Inc. | Add +2.2% | 0.36% | +0.03 |
| MQ Marqeta Inc. | Add +7.9% | 0.07% | +0.02 |
| KALV Kalvista Pharmaceuticals Inc. | Add +45.5% | 0.09% | +0.02 |
| WPM Wheaton Precious Metals Corp. | Add +1.4% | 0.34% | +0.01 |
| GOOGL Alphabet Inc. Class A | Add +1.1% | 0.48% | +0.01 |
| FNV Franco-Nevada Corp. | Add +9.8% | 0.66% | +0.01 |
| IRBTQ Irobot Corp. | Add +7.3% | 0.09% | +0.01 |
| IWV iShares Russell 3000 ETF | Add +1.9% | 1.70% | +0.01 |
| DLTH Duluth Holdings Inc. Class B | Add +5.4% | 0.04% | +0.00 |
| CSCO Cisco Systems Inc. | Add +0.0% | 1.01% | +0.00 |
| VTMGX Vanguard Dev MKT Indx-Adm | Add +0.8% | 0.29% | +0.00 |
| EFA iShares MSCI Eafe ETF | Add +2.5% | 4.81% | −0.00 |
| DNLI Denali Therapeutics Inc. | Add +7.9% | 0.36% | −0.00 |
| AEM Agnico Eagle Mines Ltd. | Add +1.0% | 0.46% | −0.01 |
| SHOO Steven Madden Ltd. | Add +23.2% | 0.50% | −0.01 |
| SONO Sonos Inc. | Add +7.2% | 0.24% | −0.01 |
| ASYS Amtech Systems Inc. | Add +5.7% | 0.06% | −0.01 |
| FSKAX Fidelity TTL MKT Indx | Add +0.1% | 1.06% | −0.01 |
| ACCO Acco Brands Corp. | Add +7.6% | 0.05% | −0.01 |
| FAST Fastenal Co. | Add +1.1% | 0.63% | −0.01 |
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 |