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Ironwood Investment Counsel, LLC — 13F Holdings & Portfolio

CIK 1330463 · latest 13F-HR filed 2026-08-06

Backtest portfolio

Ironwood Investment Counsel, LLC manages $762.2M in 13F-reported U.S. long-equity assets across 269 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are AAPL (4.58%), FNDA (4.53%), MSFT (4.00%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 15 new positions and exited 11; 144 existing positions rose in reported value and 54 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$762.2M

Long-equity book

Holdings
269

Distinct positions

Period
2026-06-30

Filed 2026-08-06

Q/Q Activity
+15 / −11 / ↑144 / ↓54

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
AAPL4.6% · -1%FNDA4.5% · -4%MSFT4.0% · -0%GOOGL2.9% · -5%AKRE2.4% · -2%FNDX2.3% · +8%AMZN2.3% · -0%JNJ2.1% · +1%KLAC1.8% · +813%BRK.B1.7% · newAXP1.6% · -0%SCHW1.5% · -1%JPST1.5% · +0%TER1.4% · -10%SYY1.4% · +4%MA1.3% · +2%QCOM1.3% · +1%IVV1.3% · -1%USB1.3% · +2%JPM1.2% · +1%IWD1.2% · +9%LMT1.2% · +6%AVGO1.2% · +1%NVDA1.0% · +8%BUD1.0% · +1%CMI1.0% · -15%UPS1.0% · +8%AMGN1.0% · +7%ACN1.0% · +28%MDT1.0% · +7%CTVA0.9% · +1%MEDIF0.9% · newLOW0.9% · +3%PEP0.8% · -4%CRM0.8% · +77%MKGAF0.8% · newFPE0.8% · -2%IBM0.8% · -4%CMCSA0.8% · +8%DIS0.8% · +2%GOOG0.8% · +2%GLW0.7% · -6%HD0.7% · +2%NOW0.7% · +138%DG0.7% · +10%JMST0.7% · +170%TSLA0.7% · +2%CAH0.6% · -4%OGE0.6% · 0%ELV0.6% · +5%INTU0.6% · +71%CSCO0.6% · -2%XOM0.6% · -1%MCK0.6% · -2%LLY0.6% · +6%DGRO0.6% · newHSY0.6% · +8%META0.5% · -7%CCI0.5% · +32%VB0.5% · +0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 28.5%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 24, 2026.

Assets Under Management
$1.76B
Discretionary
$1.76B
Employees
22
Accounts
2,525
Address
6263 N. SCOTTSDALE ROAD
SUITE 200
SCOTTSDALE, AZ 85250
Phone
(480) 609-4700
Website
Name Title / Status Ownership Type
CARTER, MATTHEW, JEFFERSON ControlMANAGING PARTNER/CHIEF COMPLIANCE OFFICER
since Jan 2021
75% or moreIndividual
JACKSON, BRIAN, NICHOLSPARTNER, SENIOR PORTFOLIO MANAGER
since Sep 2024
Less than 5%Individual
KELLY, MATTHEW, SEANPARTNER, SENIOR WEALTH ADVISOR
since Sep 2024
Less than 5%Individual
Ownership & leadership changes · 3 filings with changes since Mar 23, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 17, 2025 filing
  • AddedJACKSON, BRIAN, NICHOLS · PARTNER, SENIOR PORTFOLIO MANAGER · Less than 5%
  • AddedKELLY, MATTHEW, SEAN · PARTNER, SENIOR WEALTH ADVISOR · Less than 5%
Mar 26, 2024 filing
  • No longer listedWILLIAMS, BRUCE, CONKLIN · PARTNER · 25–50% · control person · listed since Feb 2003
  • ChangedCARTER, MATTHEW, JEFFERSON · ownership 50–75% → 75% or more
Jan 18, 2021 filing
  • No longer listedALSTON, PAUL, WARREN · MANAGING PARTNER/CHIEF COMPLIANCE OFFICER · 25–50% · control person · listed since Feb 2001
  • No longer listedSHIFFRA, JEFFREY, EDWARD · MANAGING PARTNER · 25–50% · control person · listed since Feb 2001
  • ChangedCARTER, MATTHEW, JEFFERSON · title PARTNER → MANAGING PARTNER/CHIEF COMPLIANCE OFFICER; ownership 25–50% → 50–75%
Mar 23, 2012 filing (earliest on record)
  • ListedALSTON, PAUL, WARREN · MANAGING PARTNER/CHIEF COMPLIANCE OFFICER · 25–50% · control person
  • ListedCARTER, MATTHEW, JEFFERSON · PARTNER · 25–50% · control person
  • ListedSHIFFRA, JEFFREY, EDWARD · MANAGING PARTNER · 25–50% · control person
  • ListedWILLIAMS, BRUCE, CONKLIN · PARTNER · 25–50% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Ironwood Investment Counsel, LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 Apple AAPL 037833100 $34.9M 4.58% 120,730 SH
2 Schwab Fundemental US Small Company ETF FNDA 808524763 $34.5M 4.53% 907,290 SH
3 Microsoft MSFT 594918104 $30.5M 4.00% 81,764 SH
4 Alphabet Inc Class A GOOGL 02079K305 $21.9M 2.88% 61,393 SH
5 Akre Focus ETF AKRE 74316P579 $18.2M 2.39% 342,562 SH
6 Schwab Fundamental US Large Company ETF FNDX 808524771 $17.5M 2.30% 563,849 SH
7 Amazon.com Inc. AMZN 023135106 $17.3M 2.27% 72,532 SH
8 Johnson & Johnson JNJ 478160104 $16.2M 2.13% 63,795 SH
9 KLA Corporation KLAC 482480100 $13.6M 1.78% 44,974 SH
10 Berkshire Hathaway Inc Class B BRK.A 084670207 $12.7M 1.67% 25,472 SH
11 American Express AXP 025816109 $12.5M 1.65% 37,095 SH
12 Charles Schwab Corp SCHW 808513105 $11.6M 1.52% 125,392 SH
13 JPMorgan Ultra-Short Income ETF JPST 46641Q837 $11.3M 1.48% 223,060 SH
14 Teradyne, Inc. TER 880770102 $11.1M 1.45% 22,848 SH
15 Sysco SYY 871829107 $10.4M 1.36% 124,169 SH
16 Mastercard MA 57636Q104 $10.0M 1.31% 19,417 SH
17 Qualcomm QCOM 747525103 $9.9M 1.30% 53,528 SH
18 iShares S&P 500 Index IVV 464287200 $9.9M 1.30% 13,185 SH
19 US Bancorp USB 902973304 $9.5M 1.25% 157,862 SH
20 JP Morgan Chase & Co JPM 46625H100 $9.5M 1.25% 29,069 SH
21 iShares Russell 1000 Value Index IWD 464287598 $9.4M 1.23% 38,693 SH
22 Lockheed Martin Corp LMT 539830109 $9.4M 1.23% 18,356 SH
23 Broadcom Ltd AVGO 11135F101 $8.8M 1.16% 23,390 SH
24 NVIDIA Corp NVDA 67066G104 $7.9M 1.04% 39,561 SH
25 Anheuser-Busch Inbev SA ADR BUD 03524A108 $7.7M 1.01% 93,717 SH
26 Cummins Inc CMI 231021106 $7.7M 1.01% 10,802 SH
27 United Parcel Service B UPS 911312106 $7.7M 1.01% 71,478 SH
28 Amgen AMGN 031162100 $7.5M 0.99% 20,809 SH
29 Accenture PLC ACN G1151C101 $7.4M 0.97% 59,493 SH
30 Medtronic MDT 585055106 $7.3M 0.96% 93,385 SH
31 Corteva Inc CTVA 22052L104 $7.2M 0.94% 84,523 SH
32 Laboratory Corp of America Holdings — 50540R409 $7.0M 0.92% 24,995 SH
33 Lowes Companies LOW 548661107 $6.6M 0.86% 29,792 SH
34 Pepsico Incorporated PEP 713448108 $6.4M 0.84% 47,118 SH
35 Salesforce.com Inc CRM 79466L302 $6.3M 0.83% 40,315 SH
36 Merck & Co Inc MRK 589331107 $6.1M 0.80% 47,608 SH
37 First Trust Preferred Sec & Inc ETF FPE 33739E108 $6.1M 0.79% 338,684 SH
38 IBM IBM 459200101 $6.0M 0.79% 21,510 SH
39 Comcast Corp New Cl A CMCSA 20030N101 $6.0M 0.79% 245,297 SH
40 Walt Disney Co DIS 254687106 $6.0M 0.78% 62,038 SH
41 Alphabet Inc Class C GOOG 02079K107 $5.8M 0.77% 16,537 SH
42 Corning Inc GLW 219350105 $5.6M 0.73% 21,867 SH
43 Home Depot HD 437076102 $5.5M 0.72% 15,530 SH
44 ServiceNow, Inc NOW 81762P102 $5.4M 0.71% 54,629 SH
45 Dollar General Corp DG 256677105 $5.4M 0.71% 46,735 SH
46 JPMorgan Ultra-Short Municipal Inc ETF JMST 46641Q654 $5.3M 0.70% 104,355 SH
47 Tesla Motors Inc. TSLA 88160R101 $5.2M 0.69% 12,451 SH
48 Cardinal Health CAH 14149Y108 $4.9M 0.65% 20,768 SH
49 OGE Energy Corp. OGE 670837103 $4.9M 0.64% 100,289 SH
50 Elevance Health Inc ELV 036752103 $4.8M 0.63% 12,386 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-06 $762.2M 269 0001330463-26-000003
2026-03-31 2026-05-07 $694.2M 264 0001330463-26-000002
2025-12-31 2026-02-06 $716.1M 267 0001330463-26-000001
Filer Information
Address
THE SCOTTSDALE FORUM
6263 N. SCOTTSDALE ROAD, SUITE 200
SCOTTSDALE, AZ 85250
Phone
(602) 493-4042
Filing Manager
Ironwood Investment Counsel, LLC
SCOTTSDALE, AZ
Signatory
Matthew Carter
Chief Compliance Officer