SEC 13F Intelligence

Managers / Q1 2022 · 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
$407M
Q1 2022
Positions
212
Filings on Record
32
2019–present window
Filed
May 9, 2022
original filing

Summary

Ironwood Investment Counsel, LLC reported $407M in U.S.-listed holdings across 212 positions for Q1 2022.

Its largest position, MSFT, represents 7.1% of the portfolio.

Compared with Q4 2021, the fund opened 16 new positions and exited 18.

Portfolio Metrics

Turnover
+6.1%
vs prior filed quarter
Top-10 Concentration
+28.9%
share of reported value
Largest Position
+7.1%
Microsoft
New / Exited
16 / 18
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: 78.9%ETP: 10.6%Other: 8.4%ADR: 1.3%REIT: 0.5%Other: 0.3%
  • Common Stock · 78.9% · $321M
  • ETP · 10.6% · $43M
  • Other · 8.4% · $34M
  • ADR · 1.3% · $5M
  • REIT · 0.5% · $2M
  • Other · 0.3% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CTVACorteva IncNEW+23.7K23.7K+$1M$1M
AMDAdvanced Micro DevicesNEW+6.0K6.0K+$651,000$651,000
HSYHershey CompanyNEW+2.1K2.1K+$451,000$451,000
Schwab U.S. Broad Market ETFNEW+6.1K6.1K+$323,000$323,000
Proshares S&P 500 DivNEW+2.6K2.6K+$251,000$251,000
Canadian Pacific Railway LimitedNEW+3.0K3.0K+$245,000$245,000
Clarivate PLCNEW+14.3K14.3K+$240,000$240,000
NVONovo-Nordisk A-S AdrNEW+2.1K2.1K+$233,000$233,000

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

Holdings — Q1 2022

50 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MSFTMicrosofthistory →COM7.14%$29M94.3K
2AAPLApplehistory →COM5.62%$23M131.0K
3JNJJohnson & Johnsonhistory →COM2.36%$10M54.1K
4SYYSyscohistory →COM2.11%$9M105.2K
5UPSUnited Parcel Service Bhistory →COM2.08%$8M39.5K
6CSCOCisco Systems Inchistory →COM2.02%$8M147.6K
7CVSCVS Health Corphistory →COM1.95%$8M78.3K
8PEPPepsico Incorporatedhistory →COM1.94%$8M47.2K
9AXPAmerican Expresshistory →COM1.92%$8M41.7K
10GOOGLAlphabet Inc Class Ahistory →CAP STK CL A1.82%$7M2.7K
11SCHWCharles Schwab Corphistory →COM1.70%$7M82.3K
12AMZNAmazon.com Inc.history →COM1.69%$7M2.1K
13PGProcter & Gamblehistory →COM1.68%$7M44.7K
14Berkshire Hathaway Inc Class BCL B NEW1.59%$6M18.4K
15USBUS Bancorphistory →COM1.57%$6M120.0K
16MCKMcKesson Corphistory →COM1.47%$6M19.5K
17IBMIBMhistory →COM1.45%$6M45.5K
18LMTLockheed Martin Corphistory →COM1.42%$6M13.1K
19iShares S&P 500 IndexS&P 500 Index1.42%$6M12.7K
20Merck & Co IncCOM1.41%$6M70.2K
21COFCapital One Financialhistory →COM1.39%$6M43.0K
22HDHome Depothistory →COM1.26%$5M17.2K
23SBUXStarbucks Corphistory →COM1.25%$5M55.8K
243M CompanyCOM1.16%$5M31.8K
25DISDisney, Walthistory →COM DISNEY1.14%$5M33.7K
26BUDAnheuser-Busch Inbev SA ADRhistory →Sponsored ADR1.09%$4M73.8K
27MAMastercardhistory →COM1.05%$4M11.9K
28iShares Core 1-5 Year USD Bond ETFCORE 1 5 YR USD1.05%$4M87.9K
29First Trust Preferred Sec & Inc ETFPFD SECS INC ETF1.05%$4M223.9K
30JPMorgan Ultra-Short Income ETFULTRA SHRT INC1.05%$4M84.7K
31OGEOGE Energy Corp.history →COM1.03%$4M102.6K
32MedtronicCOM0.97%$4M35.4K
33Laboratory Corp of America HoldingsCOM NEW0.91%$4M14.1K
34TSLATesla Motors Inc.COM0.89%$4M3.4K
35Accenture PLCSH CL A0.89%$4M10.7K
36TERTeradyne, Inc.COM0.86%$4M29.7K
37CMCSAComcast Corp New Cl ACL A0.86%$3M74.6K
38TROWT. Rowe Price Group IncCOM0.85%$3M22.9K
39CHRWCH Robinson Worldwide Inc.COM0.83%$3M31.5K
40PFEPfizerCOM0.82%$3M64.7K
41INTCIntel CorporationCOM0.82%$3M67.3K
42LOWLowes CompaniesCOM0.82%$3M16.5K
43BROBrown & Brown IncCOM0.79%$3M44.5K
44MCDMcDonaldsCOM0.70%$3M11.5K
45EXMOCExxon MobilCOM0.69%$3M33.9K
46KLACKLA CorporationCOM NEW0.68%$3M7.6K
47JPMorgan Ultra-Short Municipal Inc ETFULTRA SHT MUNCPL0.68%$3M54.5K
48METAMeta Platforms Inc Class ACL A0.66%$3M12.2K
49PAYXPaychex IncCOM0.63%$3M18.7K
50FISVFiserv IncCOM0.62%$3M24.9K

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 ↗.