SEC 13F Intelligence

Managers / Q4 2019 · view latest →

Ironwood Investment Counsel, LLC

CIK 0001330463 · THE SCOTTSDALE FORUM, 6263 N. SCOTTSDALE ROAD, SUITE 200, SCOTTSDALE, AZ, 85250 · 602-493-4042

Reported Value
$292M
Q4 2019
Positions
172
Filings on Record
32
2019–present window
Filed
Feb 10, 2020
original filing

Summary

Ironwood Investment Counsel, LLC reported $292M in U.S.-listed holdings across 172 positions for Q4 2019.

Its largest position, MSFT, represents 6.8% of the portfolio.

Compared with Q3 2019, the fund opened 8 new positions and exited 4.

Portfolio Metrics

Turnover
+2.4%
vs prior filed quarter
Top-10 Concentration
+31.5%
share of reported value
Largest Position
+6.8%
Microsoft
New / Exited
8 / 4
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $228MQ4 ’18Q1 ’19: $254MQ2 ’19: $262MQ3 ’19: $271MQ4 ’19: $292MQ4 ’19Q1 ’20: $254MQ2 ’20: $328MQ3 ’20: $370MQ4 ’20: $440MQ4 ’20Q1 ’21: $348MQ2 ’21: $376MQ3 ’21: $390MQ4 ’21: $438MQ4 ’21Q1 ’22: $407MQ2 ’22: $356MQ3 ’22: $350MQ4 ’22: $412MQ4 ’22Q1 ’23: $420MQ2 ’23: $445MQ3 ’23: $475MQ4 ’23: $535MQ4 ’23Q1 ’24: $573MQ2 ’24: $560MQ3 ’24: $601MQ4 ’24: $584MQ4 ’24Q1 ’25: $579MQ2 ’25: $647MQ3 ’25: $686MQ4 ’25: $716MQ4 ’25Q1 ’26: $694Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 80.6%Other: 9.1%ETP: 5.2%ADR: 3.1%REIT: 1.0%Other: 1.0%
  • Common Stock · 80.6% · $235M
  • Other · 9.1% · $27M
  • ETP · 5.2% · $15M
  • ADR · 3.1% · $9M
  • REIT · 1.0% · $3M
  • Other · 1.0% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
iShares Ultra Short-Term Bond ETFNEW+14.5K14.5K+$729,000$729,000
Broadmark Realty CapitalNEW+28.2K28.2K+$359,000$359,000
TXNTexas Instruments IncNEW+2.2K2.2K+$288,000$288,000
AMGNAmgenNEW+1.1K1.1K+$277,000$277,000
JRINuveen Real Asset Income and GrowthNEW+12.7K12.7K+$233,000$233,000
iShares Russell 1000 Value IndexNEW+1.6K1.6K+$224,000$224,000
AVGOBroadcom LtdNEW+677677+$213,000$213,000
iShares S&P 500 GrwthNEW+1.1K1.1K+$205,000$205,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2019

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosofthistory →COM6.77%$20M125.4K
2AAPLApplehistory →COM4.07%$12M40.5K
3PGProcter & Gamblehistory →COM3.63%$11M85.1K
4JNJJohnson & Johnsonhistory →COM3.17%$9M63.4K
5SYYSyscohistory →COM2.80%$8M95.7K
6AXPAmerican Expresshistory →COM2.51%$7M58.9K
7CSCOCisco Systems Inchistory →COM2.34%$7M142.7K
8PEPPepsico Incorporatedhistory →COM2.32%$7M49.7K
9USBUS Bancorphistory →COM2.00%$6M98.6K
10Willis Towers Watson PLCCOM1.88%$5M27.2K
11SCHWCharles Schwab Corphistory →COM1.80%$5M110.8K
12INTCIntel Corporationhistory →COM1.78%$5M87.0K
13UPSUnited Parcel Service Bhistory →COM1.66%$5M41.3K
14COFCapital One Financialhistory →COM1.60%$5M45.3K
15IBMIBMhistory →COM1.57%$5M34.2K
16MAMastercardhistory →COM1.57%$5M15.3K
17OGEOGE Energy Corp.history →COM1.56%$5M102.6K
18TAPMolson Coors Brewing Co Bhistory →CL B1.55%$5M84.1K
19iShares S&P 500 IndexS&P 500 Index1.54%$4M13.9K
20BUDAnheuser-Busch Inbev SA ADRhistory →Sponsored ADR1.46%$4M52.2K
21DISDisney, Walthistory →COM DISNEY1.44%$4M29.2K
22DGEDDiageo Plc New Adrhistory →Sponsored ADR1.42%$4M24.7K
23HDHome Depothistory →COM1.39%$4M18.6K
24CVSCVS Health Corphistory →COM1.36%$4M53.4K
25PFEPfizerhistory →COM1.32%$4M98.1K
26GOOGLAlphabet Inc Class Ahistory →CAP STK CL A1.22%$4M2.7K
273M CompanyCOM1.20%$4M19.9K
28Nielsen Holdings PLCSHS EUR1.17%$3M168.4K
29MedtronicCOM1.09%$3M28.1K
30MCKMcKesson CorpCOM0.98%$3M20.6K
31CHRWCH Robinson Worldwide Inc.COM0.96%$3M36.0K
32EXMOCExxon MobilCOM0.92%$3M38.6K
33BROBrown & Brown IncCOM0.86%$3M63.7K
34Sun CommunitiesCOM0.82%$2M16.0K
35TAT&TCOM0.80%$2M59.9K
36Berkshire Hathaway Cl BCOM0.80%$2M10.3K
37WBAWalgreens Boots Alliance Inc.COM0.79%$2M39.2K
38Accenture PLCSH CL A0.78%$2M10.8K
39TROWT. Rowe Price Group IncCOM0.78%$2M18.7K
40CMCSAComcast Corp New Cl ACL A0.77%$2M50.4K
41MCDMcDonaldsCOM0.77%$2M11.5K
42WMTWal-Mart StoresCOM0.76%$2M18.7K
43ADPAuto Data ProcessingCOM0.75%$2M12.8K
44W3UWestern UnionCOM0.74%$2M80.6K
45MKLMarkel CorporationCOM0.71%$2M1.8K
46SBUXStarbucks CorpCOM0.71%$2M23.7K
47Merck & Co IncCOM0.69%$2M22.3K
48COSTCostcoCOM0.66%$2M6.6K
49BACVerizon CommunicationsCOM0.66%$2M31.4K
50General ElectricCOM0.65%$2M171.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$694M264May 7, 202613F-HRchanges · EDGAR ↗
Q4 2025$716M267Feb 6, 202613F-HRchanges · EDGAR ↗
Q3 2025$686M263Nov 5, 202513F-HRchanges · EDGAR ↗
Q2 2025$647M267Aug 8, 202513F-HRchanges · EDGAR ↗
Q1 2025$579M240May 12, 202513F-HRchanges · EDGAR ↗
Q4 2024$584M246Feb 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$601M256Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$560M257Aug 5, 202413F-HRchanges · EDGAR ↗
Q1 2024$573M257May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$535M253Feb 8, 202413F-HRchanges · EDGAR ↗
Q3 2023$475M244Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$445M217Aug 8, 202313F-HRchanges · EDGAR ↗
Q1 2023$420M209May 11, 202313F-HRchanges · EDGAR ↗
Q4 2022$412M206Feb 2, 202313F-HRchanges · EDGAR ↗
Q3 2022$350M182Nov 9, 202213F-HRchanges · EDGAR ↗
Q2 2022$356M190Aug 4, 202213F-HRchanges · EDGAR ↗
Q1 2022$407M212May 9, 202213F-HRchanges · EDGAR ↗
Q4 2021$438M214Feb 4, 202213F-HRchanges · EDGAR ↗
Q3 2021$390M199Nov 4, 202113F-HRchanges · EDGAR ↗
Q2 2021$376M201Aug 6, 202113F-HRchanges · EDGAR ↗
Q1 2021$348M200May 3, 202113F-HRchanges · EDGAR ↗
Q4 2020$440M213Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$370M192Nov 16, 2020RESTATEMENTchanges · EDGAR ↗
Q2 2020$328M190Aug 11, 202013F-HRchanges · EDGAR ↗
Q1 2020$254M168Apr 29, 202013F-HRchanges · EDGAR ↗
Q4 2019$292M172Feb 10, 202013F-HRchanges · EDGAR ↗
Q3 2019$271M168Nov 7, 201913F-HRchanges · EDGAR ↗
Q2 2019$262M161Jul 30, 2019RESTATEMENTchanges · EDGAR ↗
Q1 2019$254M154May 1, 201913F-HRchanges · EDGAR ↗
Q4 2018$228M150Jan 25, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.