1y return+11.2%S&P 500 +20.9%
3y return+37.1%S&P 500 +68.5%
5y return+38.8%S&P 500 +74.5%
10y return+150.6%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $251 against $357 in the S&P 500.2
Ironwood Investment Counsel, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| AAPLApple | $34.9M | 4.6% | |
| FNDASchwab Fundemental US Small Company ETF | $34.5M | 4.5% | −3.5% |
| MSFTMicrosoft | $30.5M | 4.0% | |
| GOOGLAlphabet Inc Class A | $21.9M | 2.9% | −5.0% |
| AKREAkre Focus ETF | $18.2M | 2.4% | −1.8% |
| FNDXSchwab Fundamental US Large Company ETF | $17.5M | 2.3% | +8.1% |
| AMZNAmazon.com Inc. | $17.3M | 2.3% | |
| JNJJohnson & Johnson | $16.2M | 2.1% | +1.1% |
| KLACKLA Corporation | $13.6M | 1.8% | +813.0% |
| Berkshire Hathaway Inc Class BCUSIP 084670207 | $12.7M | 1.7% | +1.3% |
| AXPAmerican Express | $12.5M | 1.6% | |
| SCHWCharles Schwab Corp | $11.6M | 1.5% | |
| JPSTJPMorgan Ultra-Short Income ETF | $11.3M | 1.5% | |
| TERTeradyne, Inc. | $11.1M | 1.5% | −9.7% |
| SYYSysco | $10.4M | 1.4% | +3.6% |
| MAMastercard | $10.0M | 1.3% | +1.8% |
| QCOMQualcomm | $9.9M | 1.3% | +1.2% |
| IVViShares S&P 500 Index | $9.9M | 1.3% | −1.2% |
| USBUS Bancorp | $9.5M | 1.3% | +2.0% |
| JPMJP Morgan Chase & Co | $9.5M | 1.2% | +1.3% |
| IWDiShares Russell 1000 Value Index | $9.4M | 1.2% | +8.7% |
| LMTLockheed Martin Corp | $9.4M | 1.2% | +5.9% |
| AVGOBroadcom Ltd | $8.8M | 1.2% | |
| NVDANVIDIA Corp | $7.9M | 1.0% | +7.6% |
| BUDAnheuser-Busch Inbev SA ADR | $7.7M | 1.0% | +1.2% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AVGOBroadcom Ltd | June 30, 2020 | +1096.9% | $8.8M |
| NVDANVIDIA Corp | March 31, 2023 | +620.3% | $7.9M |
| CMICummins Inc | June 30, 2020 | +311.7% | $7.7M |
| AXPAmerican Express | June 30, 2020 | +255.3% | $12.5M |
| JPMJP Morgan Chase & Co | June 30, 2020 | +248.0% | $9.5M |
| AAPLApple | June 30, 2020 | +217.3% | $34.9M |
| TERTeradyne, Inc. | December 31, 2021 | +195.9% | $11.1M |
| Berkshire Hathaway Inc Class BCUSIP 084670207 | June 30, 2020 | +180.3% | $12.7M |
| SCHWCharles Schwab Corp | June 30, 2020 | +173.5% | $11.6M |
| FNDXSchwab Fundamental US Large Company ETF | June 30, 2020 | +153.3% | $17.5M |
Sold off last quarter
- TTDThe Trade Desk Inc was $2.1M
- PLTRPalantir Technologies Inc was $728K
- CIENCiena Corp was $306K
- EDConsolidated Edison was $259K
- Tower Semiconductor LtdCUSIP M87915274 was $243K
- PHYSSprott Physical Gold Trust was $231K
- COHRCoherent Inc was $231K
- NEMNewmont Mining Corporation was $220K
- NKENike Inc was $209K
- COPConocoPhillips was $209K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +7.6% | +14.8% |
| March 31, 2026 | −3.7% | −4.6% |
| December 31, 2025 | +2.5% | +2.4% |
| September 30, 2025 | +4.7% | +7.8% |
| June 30, 2025 | +6.8% | +10.5% |
| March 31, 2025 | −3.0% | −4.6% |
| December 31, 2024 | −0.4% | +2.1% |
| September 30, 2024 | +5.7% | +5.4% |
| June 30, 2024 | +0.2% | +4.0% |
| March 31, 2024 | +7.0% | +10.0% |
| December 31, 2023 | +10.5% | +11.2% |
| September 30, 2023 | −4.7% | −3.6% |
| June 30, 2023 | +6.1% | +8.3% |
| March 31, 2023 | +3.8% | +7.0% |
| December 31, 2022 | +6.4% | +7.1% |
| September 30, 2022 | −5.3% | −5.3% |
| June 30, 2022 | −12.8% | −16.5% |
| March 31, 2022 | −3.8% | −4.9% |
| December 31, 2021 | +9.6% | +10.7% |
| September 30, 2021 | −0.7% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Ironwood Investment Counsel, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1330463&type=13F-HR&dateb=&owner=include&count=40CIK 1330463
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1330463/000133046326000003/Filed August 6, 2026 · accession 0001330463-26-000003