Ironwood Investment Management LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Ironwood Investment Management LLC reported 171 stock positions worth $229.3 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, 4.6%) and Group 1 Automotive (GPI, 2.9%). Compared with Q2 2025, it opened 7 new positions, sold out of 3, added to 24 and reduced 90. The biggest buy was a new position in Kopin (KOPN) and the biggest sale iShares Russell 2000 ETF (IWM, shares −24%).

Most Recent 13F
Q2 2026
Location
BOSTON, MA
CIK
0001127761
Portfolio Value
$229.3M (Q3 2025)
SEC Filing
0001376474-25-000926 ↗ filed Nov 13, 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 Q1 2025 Q2 2025: $205.5M Q2 2025 Q3 2025: $229.3M $229.3M Q3 2025 Q4 2025: $237.8M Q4 2025 Q1 2026: $239.8M Q1 2026 Q2 2026: $289.2M Q2 2026

Holdings 171 stocks · $229.3M
VTI VG Morningstar TS MKT ETF-US 6.84% 47,773 $15.7M Add +3.6%
EFA iShares MSCI Eafe ETF 4.65% 114,099 $10.7M Add +3.1%
GPI Group 1 Automotive Inc. 2.86% 14,977 $6.6M Add +3.8%
IWM iShares Russell 2000 ETF 2.59% 24,571 $5.9M Reduce -24.1%
SMCI Super Micro Computer Inc. 2.20% 105,275 $5.0M Add +3.8%
PEGA Pegasystems Inc. 1.99% 79,516 $4.6M Reduce -0.7%
DY Dycom Industries Inc. 1.83% 14,398 $4.2M Reduce -0.7%
PI Impinj Inc. 1.80% 22,821 $4.1M Reduce -1.0%
SHV iShares 0-1 Year Treasury Bo 1.77% 36,834 $4.1M Add +3.4%
SGI Somnigroup International Inc. 1.76% 47,814 $4.0M Reduce -0.6%
C Citigroup Inc. 1.74% 39,366 $4.0M Reduce -6.9%
IWV iShares Russell 3000 ETF 1.73% 10,455 $4.0M Add +4.7%
MYRG MYR Group Inc./Delaware 1.63% 17,970 $3.7M Reduce -1.2%
VWO Vanguard Ftse Emerging Marke 1.47% 62,215 $3.4M Add +2.8%
BBSI Barrett Business SVCS Inc. 1.45% 74,859 $3.3M Reduce -0.1%
BBIO Bridgebio Pharma Inc. 1.40% 61,923 $3.2M Reduce -0.8%
CYTK Cytokinetics Inc. 1.37% 57,332 $3.2M Reduce -0.3%
MRCY Mercury Systems Inc. 1.33% 39,448 $3.1M Reduce -0.6%
GM General Motors Co. 1.26% 47,500 $2.9M No change
TPC Tutor Perini Corp. 1.22% 42,725 $2.8M Reduce -0.6%
ARW Arrow Electronics Inc. 1.21% 22,995 $2.8M No change
GFF Griffon Corp. 1.21% 36,395 $2.8M No change
MCK McKesson Corp. 1.15% 3,417 $2.6M Reduce -0.2%
FSKAX Fidelity TTL MKT Indx 1.03% 12,831 $2.4M No change
KOP Koppers Holdings Inc. 1.01% 82,416 $2.3M No change
EVLV Evolv Technologies Holdings 0.97% 295,946 $2.2M Reduce -0.6%
EXTR Extreme Networks Inc. 0.93% 103,460 $2.1M Reduce -0.6%
WSM Williams-Sonoma Inc. 0.93% 10,896 $2.1M Reduce -0.9%
MSFT Microsoft Corp. 0.93% 4,101 $2.1M Reduce -0.3%
WTS Watts Water Technologies-A 0.89% 7,306 $2.0M Reduce -0.9%
CSCO Cisco Systems Inc. 0.89% 29,797 $2.0M No change
TTMI TTM Technologies 0.86% 34,061 $2.0M Reduce -0.9%
FRPT Freshpet Inc. 0.86% 35,586 $2.0M Add +0.1%
FNV Franco-Nevada Corp. 0.83% 8,513 $1.9M Add +2.4%
ZS Zscaler Inc. 0.78% 5,973 $1.8M Reduce -0.6%
PGY Pagaya Technologies Ltd. Class A 0.77% 59,627 $1.8M Reduce -0.8%
TDY Teledyne Technologies Inc. 0.74% 2,892 $1.7M Reduce -0.3%
THG Hanover Insurance Group Inc./ 0.74% 9,331 $1.7M Reduce -0.7%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.73% 5,949 $1.7M Reduce -7.5%
KSS Kohls Corp. 0.71% 105,800 $1.6M No change
GT Goodyear Tire & Rubber Co. 0.71% 217,000 $1.6M Add +22.6%
NPKI NPK International Inc. 0.70% 142,154 $1.6M Reduce -0.7%
ADP Automatic Data Processing 0.70% 5,467 $1.6M Reduce -0.3%
VICR Vicor Corp. 0.68% 31,218 $1.6M Reduce -0.7%
ACIW Aci Worldwide Inc. 0.67% 29,042 $1.5M Reduce -0.6%
FAST Fastenal Co. 0.66% 30,929 $1.5M Reduce -0.3%
ASML ASML Holding NV-NY Reg SHS 0.65% 1,529 $1.5M Add +98.1%
PGR Progressive Corp. 0.62% 5,783 $1.4M Reduce -0.7%
BDC Belden Inc. 0.62% 11,751 $1.4M No change
SHOO Steven Madden Ltd. filed as MADDEN STEVEN LTD 0.62% 42,210 $1.4M Reduce -0.8%
SM SM Energy Co. 0.62% 56,490 $1.4M Add +65.2%
UFPI Ufp Industries Inc. 0.61% 14,898 $1.4M Reduce -0.3%
CBT Cabot Corp. 0.60% 18,173 $1.4M Reduce -0.6%
GOOGL Alphabet Inc. Class A 0.60% 5,614 $1.4M Reduce -0.3%
ATRO Astronics Corp. 0.59% 29,866 $1.4M Reduce -1.0%
AEM Agnico Eagle Mines Ltd. 0.58% 7,904 $1.3M Reduce -0.3%
COHR Coherent Corp. 0.58% 12,336 $1.3M Reduce -0.7%
DAR Darling Ingredients Inc. 0.58% 42,857 $1.3M Reduce -0.7%
PFE Pfizer Inc. 0.57% 51,190 $1.3M Reduce -0.4%
ZETA Zeta Global Holdings Corp. Class A 0.57% 65,307 $1.3M Reduce -1.0%
AUPH Aurinia Pharmaceuticals Inc. 0.55% 114,858 $1.3M Reduce -0.9%
ZTS Zoetis Inc. 0.55% 8,616 $1.3M Reduce -8.3%
V Visa Inc. Class A 0.53% 3,540 $1.2M Reduce -0.3%
SPSC SPS Commerce Inc. 0.53% 11,603 $1.2M Reduce -0.2%
CRM Salesforce Inc. 0.52% 4,997 $1.2M No change
BHR Braemar Hotels & Resorts Inc. 0.51% 431,444 $1.2M Add +7.2%
OTIS Otis Worldwide Corp. 0.50% 12,567 $1.1M Reduce -0.3%
NVO Novo-Nordisk A/S-Spons ADR 0.49% 20,400 $1.1M Reduce -5.3%
NATL NCR Atleos Corp. 0.49% 28,658 $1.1M Reduce -22.0%
CADE Cadence Bank 0.47% 28,654 $1.1M Reduce -0.8%
PNFP Pinnacle Financial Partners 0.46% 11,327 $1.1M No change
QTRX Quanterix Corp. 0.46% 194,074 $1.1M Add +811.3%
ICE Intercontinental Exchange Inc. 0.45% 6,110 $1.0M Add +26.4%
KOPN Kopin Corp. 0.44% 418,895 $1.0M New
VYX NCR Voyix Corp. 0.44% 80,920 $1.0M Reduce -10.5%
CVGI Commercial Vehicle Group Inc. 0.44% 595,540 $1.0M No change
KRNT Kornit Digital Ltd. 0.44% 74,484 $1.0M New
JPM JPMorgan Chase & Co. 0.43% 3,154 $995K No change
ORI Old Republic Intl Corp. 0.42% 22,494 $955K Reduce -0.7%
ASPN Aspen Aerogels Inc. 0.41% 134,362 $935K Add +8.1%
SPGI S&P Global Inc. 0.38% 1,779 $866K Reduce -0.3%
WPM Wheaton Precious Metals Corp. 0.38% 7,698 $861K Reduce -0.3%
INDI Indie Semiconductor Inc. Class A 0.37% 210,309 $856K Reduce -0.6%
CHD Church & Dwight Co. Inc. 0.37% 9,593 $841K Reduce -0.3%
TPH Tri Pointe Homes Inc. 0.36% 24,260 $824K Reduce -0.8%
AVBC Avidia Bancorp Inc. 0.35% 54,325 $812K New
FITB Fifth Third Bancorp 0.34% 17,398 $775K Reduce -22.3%
DNLI Denali Therapeutics Inc. 0.33% 52,786 $766K Reduce -0.8%
AMRC Ameresco Inc. Class A 0.33% 22,767 $765K Reduce -0.9%
GE General Electric filed as GE AEROSPACE 0.33% 2,526 $760K No change
DHR Danaher Corp. 0.33% 3,800 $753K Reduce -0.4%
VGK Vanguard Ftse Europe ETF 0.33% 9,390 $749K Add +5.0%
STKL Sunopta Inc. 0.33% 127,766 $749K Reduce -0.6%
GS Goldman Sachs Group Inc. 0.33% 939 $748K No change
ONTO Onto Innovation Inc. 0.32% 5,764 $745K Reduce -0.8%
SGOV iShares 0-3 Month Treasury B 0.32% 7,252 $730K Add +8.2%
TRS Trimas Corp. 0.32% 18,830 $728K Reduce -0.6%
SONO Sonos Inc. 0.31% 44,485 $703K Reduce -0.7%
GEOS Geospace Technologies Corp. 0.30% 36,856 $699K Reduce -0.8%
CAT Caterpillar Inc. 0.29% 1,400 $668K No change

Show all 171 holdings

Portfolio Sells Q2 2025 → Q3 2025
IWM iShares Russell 2000 ETF Reduce -24.1% 2.59% −0.81
MKC McCormick & Co.-Non VTG SHRS Sold out 0.00% −0.39
SPSC SPS Commerce Inc. Reduce -0.2% 0.53% −0.24
NVO Novo-Nordisk A/S-Spons ADR Reduce -5.3% 0.49% −0.23
DAR Darling Ingredients Inc. Reduce -0.7% 0.58% −0.22
IBM Intl Business Machines Corp. Reduce -7.5% 0.73% −0.19
ZTS Zoetis Inc. Reduce -8.3% 0.55% −0.16
LDOS Leidos Holdings Inc. Reduce -39.5% 0.27% −0.15
TGT Target Corp. Sold out 0.00% −0.14
ZS Zscaler Inc. Reduce -0.6% 0.78% −0.14
PGR Progressive Corp. Reduce -0.7% 0.62% −0.13
ADP Automatic Data Processing Reduce -0.3% 0.70% −0.12
PEGA Pegasystems Inc. Reduce -0.7% 1.99% −0.12
UFPI Ufp Industries Inc. Reduce -0.3% 0.61% −0.12
FITB Fifth Third Bancorp Reduce -22.3% 0.34% −0.11
OTIS Otis Worldwide Corp. Reduce -0.3% 0.50% −0.11
SPT Sprout Social Inc. Class A Reduce -0.9% 0.11% −0.09
EVH Evolent Health Inc. Class A Reduce -0.8% 0.18% −0.09
V Visa Inc. Class A Reduce -0.3% 0.53% −0.09
CHD Church & Dwight Co. Inc. Reduce -0.3% 0.37% −0.08
SPGI S&P Global Inc. Reduce -0.3% 0.38% −0.08
BBSI Barrett Business SVCS Inc. Reduce -0.1% 1.45% −0.07
VYX NCR Voyix Corp. Reduce -10.5% 0.44% −0.07
MCK McKesson Corp. Reduce -0.2% 1.15% −0.07
MSFT Microsoft Corp. Reduce -0.3% 0.93% −0.07
CBT Cabot Corp. Reduce -0.6% 0.60% −0.06
BBT Beacon Financial Corp. Reduce -0.8% 0.25% −0.05
CMP Compass Minerals Internation Reduce -0.8% 0.24% −0.04
MEI Methode Electronics Inc. Reduce -0.4% 0.10% −0.04
DHR Danaher Corp. Reduce -0.4% 0.33% −0.04
THG Hanover Insurance Group Inc./ Reduce -0.7% 0.74% −0.04
APAM Artisan Partners Asset Ma -A Reduce -0.8% 0.25% −0.04
PFE Pfizer Inc. Reduce -0.4% 0.57% −0.04
DRRX Durect Corporation Sold out 0.00% −0.04
STKL Sunopta Inc. Reduce -0.6% 0.33% −0.04
LXU LSB Industries Inc. Reduce -0.7% 0.28% −0.03
ANIK Anika Therapeutics Inc. Reduce -0.6% 0.12% −0.03
DNLI Denali Therapeutics Inc. Reduce -0.8% 0.33% −0.03
TTEC Ttec Holdings Inc. Reduce -0.9% 0.04% −0.02
TPH Tri Pointe Homes Inc. Reduce -0.8% 0.36% −0.02
CRI Carter's Inc. Reduce -1.1% 0.09% −0.02
NATL NCR Atleos Corp. Reduce -22.0% 0.49% −0.02
TNC Tennant Co. Reduce -0.9% 0.22% −0.02
VICR Vicor Corp. Reduce -0.7% 0.68% −0.02
MQ Marqeta Inc. Reduce -0.8% 0.06% −0.01
C Citigroup Inc. Reduce -6.9% 1.74% −0.01
NFBK Northfield Bancorp Inc. Reduce -1.0% 0.08% −0.01
TCBK Trico Bancshares Reduce -0.8% 0.29% −0.01
ORI Old Republic Intl Corp. Reduce -0.7% 0.42% −0.01
RBBN Ribbon Communications Inc. Reduce -1.3% 0.03% −0.01

Portfolio Buys Q2 2025 → Q3 2025
KOPN Kopin Corp. New 0.44% +0.44
KRNT Kornit Digital Ltd. New 0.44% +0.44
QTRX Quanterix Corp. Add +811.3% 0.46% +0.39
AVBC Avidia Bancorp Inc. New 0.35% +0.35
ASML ASML Holding NV-NY Reg SHS Add +98.1% 0.65% +0.34
SM SM Energy Co. Add +65.2% 0.62% +0.20
BW Babcock & Wilcox Enterpr Add +7.8% 0.27% +0.18
FNV Franco-Nevada Corp. Add +2.4% 0.83% +0.16
INTC Intel Corp. New 0.10% +0.10
JNJ Johnson & Johnson New 0.09% +0.09
JOHNSON MATTHEY PUB LTD CO SPON ADR New 0.09% +0.09
ASPN Aspen Aerogels Inc. Add +8.1% 0.41% +0.05
REMYY Remy Cointreau-Unsp ADR New 0.05% +0.05
BHR Braemar Hotels & Resorts Inc. Add +7.2% 0.51% +0.03
IWV iShares Russell 3000 ETF Add +4.7% 1.73% +0.02
VTI VG Morningstar TS MKT ETF-US Add +3.6% 6.84% +0.02
ICE Intercontinental Exchange Inc. Add +26.4% 0.45% +0.02
DIS The Walt Disney Co. Add +35.2% 0.15% +0.02
VWO Vanguard Ftse Emerging Marke Add +2.8% 1.47% +0.01
BURBY Burberry Group PLC-Spon ADR Add +14.6% 0.11% +0.00
COLB Columbia Banking System Inc. Add +0.7% 0.17% −0.00
NSPR Inspiremd Inc. Add +1.7% 0.06% −0.00
SGOV iShares 0-3 Month Treasury B Add +8.2% 0.32% −0.01
VGK Vanguard Ftse Europe ETF Add +5.0% 0.33% −0.01
VTMGX Vanguard Dev MKT Indx-Adm Add +0.5% 0.28% −0.02
SHV iShares 0-1 Year Treasury Bo Add +3.4% 1.77% −0.14
EFA iShares MSCI Eafe ETF Add +3.1% 4.65% −0.17
GT Goodyear Tire & Rubber Co. Add +22.6% 0.71% −0.19
GPI Group 1 Automotive Inc. Add +3.8% 2.86% −0.21
SMCI Super Micro Computer Inc. Add +3.8% 2.20% −0.22
FRPT Freshpet Inc. Add +0.1% 0.86% −0.32

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