Ironwood Investment Counsel, LLC

CIK

1330463

Location

SCOTTSDALE, AZ

Portfolio Value

Small $488,296,125

Diversification

Diversified

Filing Date

Global Rank

#2,640 / 8,614 ▲ 12 · as of Mar 2026

Top Industry

Software - Infrastructure 7.3%

3Y Alpha vs SPY

-7.4%

Period ended 4 months ago

Filed May 7, 2026 · 2mo

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+43.8%

SPY

+73.9%

Annualised alpha

-7.4%

Max drawdown

−16.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

189 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.3%

−1.7 pts

Top 5

22.6%

−2.2 pts

Top 10

33.3%

−2.7 pts

HHI

195

Diversified−30

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	30.3%	$148,082,349	40
Financial Services	14.3%	$70,041,735	31
Consumer Defensive	10.5%	$51,155,574	19
Industrials	9.7%	$47,394,911	32
Healthcare	9.6%	$46,949,700	18
Communication Services	9.3%	$45,571,568	9
Consumer Cyclical	7.5%	$36,588,590	9
Utilities	2.4%	$11,878,648	13
Basic Materials	2.3%	$11,377,945	8
Energy	2.1%	$10,088,617	6
Unclassified	1.2%	$5,730,498	2
Real Estate	0.7%	$3,435,990	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
TTD	Trade Desk, Inc.	+36,088	92,713	$2,103,657
CMCSA	Comcast Corp	+26,539	227,278	$6,525,151
CRM	Salesforce, Inc.	+17,919	22,727	$4,242,449
INTU	Intuit Inc.	+8,130	10,461	$4,523,127
ACN	Accenture plc	+6,785	46,540	$9,228,416
CCI	Crown Castle Inc.	+6,231	41,752	$3,394,855
WDAY	Workday, Inc.	+5,726	34,948	$4,540,444
USB	US Bancorp De	+4,885	154,767	$8,049,431
UPS	United Parcel Service Inc	+4,816	66,107	$6,503,606
CTVA	Corteva, Inc.	+4,263	83,789	$7,013,977
PEP	Pepsico Inc	+4,121	48,886	$7,591,506
QCOM	Qualcomm Inc/De	+3,946	52,915	$6,814,393
BUD	Anheuser-Busch InBev SA/NV	+3,279	92,618	$6,424,910
DIS	Walt Disney Co	+3,207	60,735	$5,853,639
ADBE	Adobe Inc.	+2,993	25,415	$6,177,878
BEN	Franklin Resources Inc	+2,603	43,921	$1,037,414
DG	Dollar General Corp	+2,408	42,396	$5,033,677
SYY	Sysco Corp	+2,317	119,885	$8,551,397
LOW	Lowes Companies Inc	+2,214	28,878	$6,823,293
ELV	Elevance Health, Inc.	+2,023	11,791	$3,451,815
XOM	ExxonMobil Holdings Corp	+1,446	33,602	$5,700,915
AMZN	Amazon Com Inc	+1,424	72,754	$15,152,475
MDLZ	Mondelez International, Inc.	+1,362	30,397	$1,752,083
ES	Eversource Energy	+1,322	21,529	$1,491,529
AMGN	Amgen Inc	+1,063	19,436	$6,838,556
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
TER	Teradyne, Inc	−10,025	25,312	$7,503,995
GIS	General Mills Inc	−6,236	20,980	$780,875
CMI	Cummins Inc	−5,969	12,738	$6,853,298
DOX	Amdocs Ltd	−5,619	38,032	$2,481,968
SBUX	Starbucks Corp	−3,818	6,868	$615,304
PG	PROCTER & GAMBLE Co	−3,204	24,631	$3,557,701
GOOGL	Alphabet Inc.	−3,125	64,612	$18,579,826
GLW	Corning Inc /Ny	−2,662	23,354	$3,175,443
KLAC	Kla Corp	−2,585	4,926	$725,309
ADP	Automatic Data Processing Inc	−1,542	4,767	$968,559
MSFT	Microsoft Corp	−1,542	81,981	$30,346,906
MCD	Mcdonalds Corp	−1,483	7,535	$2,341,802
PAYX	Paychex Inc	−1,400	15,286	$1,408,146
NKE	NIKE, Inc.	−1,136	3,954	$208,850
SCHW	Schwab Charles Corp	−1,120	126,598	$11,897,680
HD	Home Depot, Inc.	−1,090	15,210	$5,002,416
AAPL	Apple Inc.	−1,083	121,640	$30,871,015
CVX	Chevron Corp	−1,071	13,308	$2,753,425
JNJ	Johnson & Johnson	−1,001	63,074	$15,417,808
T	At&T Inc.	−1,000	103,032	$2,986,897
VZ	Verizon Communications Inc	−909	52,677	$2,644,385
META	Meta Platforms, Inc.	−887	7,960	$4,554,154
CAH	Cardinal Health Inc	−771	21,624	$4,569,367
AEP	American Electric Power Co Inc	−647	4,141	$542,802
AVGO	Broadcom Inc.	−632	23,221	$7,187,131
No positions match the current search.

New Positions

Positions the filer opened this quarter

9 positions

Ticker	Company	Shares	Value
NOW	ServiceNow, Inc.	22,950	$2,399,422
LITE	Lumentum Holdings Inc.	490	$344,352
CIEN	Ciena Corp	788	$305,925
TSEM	Tower Semiconductor Ltd	1,384	$242,864
LIN	Linde PLC	488	$241,930
STX	Seagate Technology Holdings plc	615	$240,932
COHR	Coherent Corp.	969	$230,825
MO	Altria Group, Inc.	3,331	$219,812
COP	Conocophillips	1,580	$208,560
No positions match the current search.

Sold Out

Positions the filer fully exited

9 positions

Ticker	Company	Shares	Value
CL	Colgate Palmolive Co	6,990	$552,349
EPD	Enterprise Products Partners L.P.	10,000	$320,600
OKE	Oneok Inc /New/	4,206	$309,141
NXPI	NXP Semiconductors N.V.	1,220	$264,813
SNPS	Synopsys Inc	498	$233,920
TYL	Tyler Technologies Inc	500	$226,975
MKL	Markel Group Inc.	102	$219,264
URI	United Rentals, Inc.	269	$217,707
STE	STERIS plc	789	$200,027
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

189 positions · $488,296,125 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 189 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAPL	Apple Inc. Technology	Reduced	121,640	-1,083	$30,871,015	−7.5%	6.32%
MSFT	Microsoft Corp Technology	Reduced	81,981	-1,542	$30,346,906	−24.9%	6.21%
GOOGL	Alphabet Inc. Communication Services	Reduced	64,612	-3,125	$18,579,826	−12.4%	3.81%
JNJ	Johnson & Johnson Healthcare	Reduced	63,074	-1,001	$15,417,808	+16.3%	3.16%
AMZN	Amazon Com Inc Consumer Cyclical	Added	72,754	+1,424	$15,152,475	−8.0%	3.10%
SCHW	Schwab Charles Corp Financial Services	Reduced	126,598	-1,120	$11,897,680	−6.8%	2.44%
AXP	American Express Co Financial Services	Added	37,290	+354	$11,279,479	−17.5%	2.31%
LMT	Lockheed Martin Corp Industrials	Added	17,332	+208	$10,475,287	+26.5%	2.15%
MA	Mastercard Inc Financial Services	Added	19,083	+698	$9,535,011	−9.2%	1.95%
ACN	Accenture plc Technology	Added	46,540	+6,785	$9,228,416	−13.5%	1.89%
SYY	Sysco Corp Consumer Defensive	Added	119,885	+2,317	$8,551,397	−1.3%	1.75%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	28,688	-496	$8,438,862	−10.3%	1.73%
USB	US Bancorp De Financial Services	Added	154,767	+4,885	$8,049,431	+0.6%	1.65%
PEP	Pepsico Inc Consumer Defensive	Added	48,886	+4,121	$7,591,506	+18.2%	1.55%
TER	Teradyne, Inc Technology	Reduced	25,312	-10,025	$7,503,995	+9.7%	1.54%
AVGO	Broadcom Inc. Technology	Reduced	23,221	-632	$7,187,131	−12.9%	1.47%
CTVA	Corteva, Inc. Basic Materials	Added	83,789	+4,263	$7,013,977	+31.6%	1.44%
CMI	Cummins Inc Industrials	Reduced	12,738	-5,969	$6,853,298	−28.2%	1.40%
AMGN	Amgen Inc Healthcare	Added	19,436	+1,063	$6,838,556	+13.7%	1.40%
LOW	Lowes Companies Inc Consumer Cyclical	Added	28,878	+2,214	$6,823,293	+6.1%	1.40%
QCOM	Qualcomm Inc/De Technology	Added	52,915	+3,946	$6,814,393	−18.6%	1.40%
CMCSA	Comcast Corp Communication Services	Added	227,278	+26,539	$6,525,151	+16.0%	1.34%
UPS	United Parcel Service Inc Industrials	Added	66,107	+4,816	$6,503,606	+7.0%	1.33%
BUD	Anheuser-Busch InBev SA/NV Consumer Defensive	Added	92,618	+3,279	$6,424,910	+12.3%	1.32%
NVDA	Nvidia Corp Technology	Added	36,754	+764	$6,409,897	−4.5%	1.31%
ADBE	Adobe Inc. Technology	Added	25,415	+2,993	$6,177,878	−21.3%	1.27%
DIS	Walt Disney Co Communication Services	Added	60,735	+3,207	$5,853,639	−10.6%	1.20%
XOM	ExxonMobil Holdings Corp Energy	Added	33,602	+1,446	$5,700,915	+47.3%	1.17%
IBM	International Business Machines Corp Technology	Reduced	22,292	-395	$5,403,357	−19.6%	1.11%
MCK	Mckesson Corp Healthcare	Reduced	6,011	-106	$5,201,678	+3.7%	1.07%
DG	Dollar General Corp Consumer Defensive	Added	42,396	+2,408	$5,033,677	−5.2%	1.03%
HD	Home Depot, Inc. Consumer Cyclical	Reduced	15,210	-1,090	$5,002,416	−10.8%	1.02%
OGE	Oge Energy Corp. Utilities	Held	100,289	0	$4,809,860	+12.3%	0.99%
HSY	Hershey Co Consumer Defensive	Added	22,554	+776	$4,688,751	+18.3%	0.96%
CAH	Cardinal Health Inc Healthcare	Reduced	21,624	-771	$4,569,367	−0.7%	0.94%
META	Meta Platforms, Inc. Communication Services	Reduced	7,960	-887	$4,554,154	−22.0%	0.93%
WDAY	Workday, Inc. Technology	Added	34,948	+5,726	$4,540,444	−27.7%	0.93%
TSLA	Tesla, Inc. Consumer Cyclical	Added	12,174	+255	$4,525,684	−15.6%	0.93%
INTU	Intuit Inc. Technology	Added	10,461	+8,130	$4,523,127	+192.9%	0.93%
CRM	Salesforce, Inc. Technology	Added	22,727	+17,919	$4,242,449	+233.1%	0.87%
WMT	Walmart Inc. Consumer Defensive	Reduced	31,410	-226	$3,903,634	+10.8%	0.80%
COST	Costco Wholesale Corp /New Consumer Defensive	Reduced	3,885	-294	$3,871,130	+7.4%	0.79%
SPY	Spdr S&P 500 ETF Trust	Added	5,739	+323	$3,732,301	+1.1%	0.76%
PG	PROCTER & GAMBLE Co Consumer Defensive	Reduced	24,631	-3,204	$3,557,701	−10.8%	0.73%
ELV	Elevance Health, Inc. Healthcare	Added	11,791	+2,023	$3,451,815	+0.8%	0.71%
CCI	Crown Castle Inc. Real Estate	Added	41,752	+6,231	$3,394,855	+7.5%	0.70%
GLW	Corning Inc /Ny Technology	Reduced	23,354	-2,662	$3,175,443	+39.4%	0.65%
CSCO	Cisco Systems, Inc. Technology	Reduced	39,862	-629	$3,092,892	−0.8%	0.63%
LLY	ELI LILLY & Co Healthcare	Reduced	3,355	-16	$3,085,828	−14.8%	0.63%
T	At&T Inc. Communication Services	Reduced	103,032	-1,000	$2,986,897	+15.6%	0.61%