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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F HOLDINGS REPORT

Ironwood Investment Counsel, LLC

Quarter ended Q1 2025 · Filed May 12, 2025 · Accession 0001330463-25-000002

Total Value
$578.9M
Positions
240
Other Managers
0
Confidential Omitted
No
View on SEC.gov

Holdings (240)

#IssuerTicker / CUSIPSharesValue% of Filing
1MicrosoftMSFT90,941$34.1M5.90%
2Schwab Fundemental US Small Company ETF8085247631,245,013$34.1M5.89%
3AppleAAPL126,191$28.0M4.84%
4Berkshire Hathaway Inc Class BBRK-A24,571$13.1M2.26%
5Amazon.com Inc.AMZN67,650$12.9M2.22%
6Alphabet Inc Class AGOOG76,498$11.8M2.04%
7Charles Schwab CorpSCHW-PJ133,361$10.4M1.80%
8American ExpressAXP38,589$10.4M1.79%
9Johnson & JohnsonJNJ62,114$10.3M1.78%
10MastercardMA17,938$9.8M1.70%
11Schwab Fundamental US Large Company ETF808524771376,866$8.9M1.54%
12Accenture PLCACN28,084$8.8M1.51%
13Fiserv IncFISV39,611$8.7M1.51%
14SyscoSYY114,383$8.6M1.48%
15Meta Platforms Inc Class AMETA14,191$8.2M1.41%
16KLA CorporationKLAC11,244$7.6M1.32%
17Cummins IncCMI22,977$7.2M1.24%
18MedtronicMDT77,836$7.0M1.21%
19Lockheed Martin CorpLMT15,311$6.8M1.18%
20Merck & Co IncMRK74,663$6.7M1.16%
21QualcommQCOM42,940$6.6M1.14%
22JP Morgan Chase & CoVYLD26,888$6.6M1.14%
23IBMINTR26,103$6.5M1.12%
24iShares S&P 500 Index46428720011,253$6.3M1.09%
25Pepsico IncorporatedPEP41,993$6.3M1.09%
26US BancorpUSB-PS147,536$6.2M1.08%
27Home DepotHD16,722$6.1M1.06%
28Adobe Systems IncADBE15,870$6.1M1.05%
29Lowes Companies54866110723,655$5.5M0.95%
30Walt Disney Co25468710653,588$5.3M0.91%
31United Parcel Service BUPS46,789$5.1M0.89%
32Anheuser-Busch Inbev SA ADRBUDFF83,469$5.1M0.89%
33McKesson CorpMCK7,615$5.1M0.89%
34Laboratory Corp of America Holdings50540R40921,482$5.0M0.86%
35Comcast Corp New Cl ACCZ133,468$4.9M0.85%
36Procter & Gamble74271810928,356$4.8M0.83%
37Cardinal HealthCAH34,718$4.8M0.83%
38OGE Energy Corp.OGE100,289$4.6M0.80%
39Workday Inc Class AWDAY19,276$4.5M0.78%
40Market Vectors High-Yield Muni ETF92189H40987,806$4.5M0.78%
41Corteva IncCTVA67,762$4.3M0.74%
42Broadcom LtdAVGO24,823$4.2M0.72%
43Costco22160K1054,356$4.1M0.71%
44NVIDIA CorpNVDA37,631$4.1M0.70%
45Vanguard S&P 500 ETF9229083637,930$4.1M0.70%
46Exxon MobilXOM33,028$3.9M0.68%
47JPMorgan Ultra-Short Income ETF46641Q83776,430$3.9M0.67%
48Hershey CompanyHSY21,038$3.6M0.62%
49Brown & Brown IncBRO27,088$3.4M0.58%
50Vanguard Small Cap ETF92290875114,316$3.2M0.55%
51Dollar General Corp25667710535,944$3.2M0.55%
52McDonaldsMCD9,864$3.1M0.53%
53First Trust Preferred Sec & Inc ETF33739E108172,657$3.0M0.52%
54AT&TT-PC105,271$3.0M0.51%
55SPDR S&P 500 ETFSPY5,303$3.0M0.51%
56Lilly Eli & CoLLY3,565$2.9M0.51%
57Cisco Systems IncCSCO46,291$2.9M0.49%
58Alphabet Inc Class CGOOG18,044$2.8M0.49%
59Teradyne, Inc.TER33,987$2.8M0.48%
60Wal-Mart StoresWMT31,966$2.8M0.48%
61Verizon CommunicationsVZ59,183$2.7M0.46%
62Vanguard MSCI EAFE ETF92194385851,772$2.6M0.45%
63Chevron CorpCVX15,701$2.6M0.45%
64Tesla Motors Inc.TSLA9,817$2.5M0.44%
65iShares Russell 1000 Value Index46428759813,353$2.5M0.43%
66Paychex IncPAYX16,182$2.5M0.43%
67Starbucks CorpSBUX25,421$2.5M0.43%
68Vanguard Interm-Tm Corp Bd Idx ETF92206C87029,043$2.4M0.41%
69Omnicom Group IncOMC27,531$2.3M0.39%
70Mondelez International Inc60920710531,611$2.1M0.37%
71VisaV6,063$2.1M0.37%
72AbbVie IncABBV9,940$2.1M0.36%
73iShares MSCI EAFE Value Index46428887734,988$2.1M0.36%
74Morgan StanleyMS-PQ17,129$2.0M0.35%
75Auto Data ProcessingADP6,371$1.9M0.34%
76Crown Castle InternationalCCI18,318$1.9M0.33%
77JPMorgan Ultra-Short Municipal Inc ETF46641Q65437,105$1.9M0.33%
78Corning IncGLW41,196$1.9M0.33%
79Vanguard Mid-Cap ETF9229086297,205$1.9M0.32%
80iShares Barclays Aggregate Bond46428722618,106$1.8M0.31%
81Waste Management, Inc.94106L1097,539$1.7M0.30%
82Coca ColaKO24,061$1.7M0.30%
83Air Prod & Chemicals IncAIIR5,819$1.7M0.30%
84Vanguard Div Apprciation9219088448,737$1.7M0.29%
85iShares iBoxx High Yield Corporate Bond ETF46428851321,215$1.7M0.29%
86AmgenAMGN5,330$1.7M0.29%
87Abbott LaboratoriesABT12,409$1.6M0.28%
88Vanguard Short-Term Corp Bd Idx ETF92206C40920,667$1.6M0.28%
89Berkshire Hathaway Inc Class ABRK-A2$1.6M0.28%
90Schwab U.S. Dividend Equity ETF80852479756,588$1.6M0.27%
91Unitedhealth Group IncUNH2,875$1.5M0.26%
92General Mills Inc37033410425,169$1.5M0.26%
93Intuit IncINTU2,410$1.5M0.26%
94Moodys CorpMCO3,118$1.5M0.25%
95Hubbell Inc CL BHUBB4,343$1.4M0.25%
96Marsh & McLennan Inc5717481025,749$1.4M0.24%
97Emerson ElectricEMR12,580$1.4M0.24%
98iShares MSCI EAFE Growth Index46428888513,749$1.4M0.24%
99Intuitive Surgical NewISRG2,724$1.3M0.23%
100BlackRock IncBLK1,394$1.3M0.23%
101Powershares QQQIVZ2,707$1.3M0.22%
102Bancfirst Corp OklahomaBANFP11,427$1.3M0.22%
103T. Rowe Price Group IncTROW13,549$1.2M0.22%
104Honeywell International4385161065,649$1.2M0.21%
105iShares Barclays 1-3 Yr Treas46428745714,414$1.2M0.21%
106StrykerSYK3,133$1.2M0.20%
107Vanguard Intl Divdend92194681013,812$1.1M0.20%
108Booking Holdings IncBKNG242$1.1M0.19%
109iShares Core 1-5 Year USD Bond ETF46432F85922,647$1.1M0.19%
110McCormick & CoMKC-V13,106$1.1M0.19%
111Vanguard Total Stock Market ETF9229087693,791$1.0M0.18%
112Clorox CompanyCLX6,984$1.0M0.18%
113Caterpillar IncCAT3,020$996,2300.17%
114iShares MSCI EAFE Index46428746512,058$985,5000.17%
115NetApp, Inc.NTAP11,190$982,9510.17%
116Ecolab IncECL3,790$960,8400.17%
117T J X Cos Inc8725401097,869$958,4440.17%
118Amdocs LimitedDOX10,447$955,9810.17%
119Deere & CoDE2,032$953,7190.16%
120Heico CorporationHEI-A3,496$934,0960.16%
121Salesforce.com IncCRM3,403$913,2890.16%
122Zoetis IncZTS5,457$898,5850.16%
123iShares Russell 2000 Growth Index4642876483,381$863,9460.15%
124Willis Towers Watson PLCWTW2,503$845,8880.15%
125Texas Instruments Inc8825081044,590$824,9050.14%
126S&P Global IncSPGI1,577$801,5060.14%
127Union Pacific CorpUNP3,379$798,3420.14%
128Capital One Financial14040H1054,436$795,3740.14%
129Eaton Corp PLCETN2,841$772,5020.13%
130Franklin Resources IncBEN40,128$772,4730.13%
131iShares MSCI ACWI ex US Index46428824013,349$740,2020.13%
132Illinois Tool Works4523081092,983$739,8130.13%
133Heico Corporation Class AHEI-A3,462$730,3780.13%
134iShares S&P 500 Grwth4642873097,852$728,9010.13%
135Vanguard Emerging Markets ETF92204285816,031$725,6040.13%
136Pinnacle West Capital CpPNW7,532$717,4700.12%
137Schwab U.S. Broad Market ETF80852410232,076$690,5960.12%
138Donaldson Company IncDCI9,914$664,8320.11%
139Monster Beverage CorpMNST11,080$648,4010.11%
140Schwab U.S. Large-Cap ETF80852420129,182$644,3390.11%
141iShares S&P MidCap 400 Index46428750711,035$643,8920.11%
142Cigna Corp1255231001,921$632,2140.11%
143Edwards Lifesciences CorpEW8,553$619,9210.11%
144Raytheon Technologies CoRTX4,613$611,1170.11%
145Colgate-Palmolive CoCL6,511$610,1140.11%
146Vanguard REIT ETF9229085536,685$605,3300.10%
147Xylem IncXYL5,048$603,0340.10%
148Taiwan Semiconductr Adrf8740391003,566$591,9560.10%
149Wells Fargo9497461018,011$575,1290.10%
150WisdomTree MidCap DivWT11,578$573,3530.10%
151iShares Russell 1000 Growth Index4642876141,579$570,2960.10%
152Sherwin-Williams Co.SHW1,610$562,1950.10%
153Amer Electric Pwr Co Inc0255371014,949$540,7770.09%
154State Street CorpSTT-PG5,921$530,1880.09%
155Sprouts Farmers Market Inc85208M1023,460$528,1340.09%
156Communication Services Sel Sect SPDR ETF81369Y8525,431$523,8480.09%
157Fedex CorporationFDX2,101$512,1810.09%
158Sprott Phys Silver TrustSII43,570$505,4120.09%
159Church & Dwight Co IncCHD4,556$501,5700.09%
160Roper Industries IncROP850$501,1430.09%
161Vanguard Value ETF9229087442,839$490,4970.08%
162Ameren CorpAEE4,624$464,2930.08%
163Chubb LimitedCB1,527$461,1380.08%
164General Electric3696043012,301$460,5450.08%
165Molson Coors Brewing Co BTAP-A7,282$443,2550.08%
166NextEra Energy Inc.NEE-PW6,180$438,1400.08%
167Intel CorporationINTC19,225$436,6120.08%
168Advanced Micro DevicesAMD4,228$434,3840.08%
169PfizerPFE17,076$432,7290.07%
170PowerShares Nasdaq Internet ETFIVZ9,721$428,9870.07%
171TargetTGT3,993$416,7300.07%
172PowerShares Variable Rate PreferredIVZ17,051$413,3160.07%
173iShares S&P 500 Value Index4642874082,162$412,0670.07%
174Lam Research CorporationLRCX5,636$409,7470.07%
175iShares S&P 600 Small Cap Index4642878043,914$409,3390.07%
176Philip Morris Int'l Inc7181721092,568$407,7170.07%
177Equifax IncEFX1,658$403,8220.07%
178Nike IncNKE6,190$392,9990.07%
179Public Service Enterprise Group7445731064,657$383,2710.07%
180Vanguard Information Technology ETF92204A702699$379,1470.07%
181Fastenal CoFAST4,816$373,4800.06%
182iShares Russell 2000 Index4642876551,835$366,2490.06%
183Schwab International Equity ETF80852480518,479$365,5140.06%
184Vanguard FTSE All-World ex-US ETF9220427756,022$365,3190.06%
185Oracle CorporationORCL-PD2,562$358,2030.06%
186SS&C Technologies Holdings IncSSNC4,235$353,7490.06%
187Gilead Sciences IncGILD3,082$345,4080.06%
188CH Robinson Worldwide Inc.CHRW3,329$340,9390.06%
189Guggenheim S&P 500 Equal Weight ETFIVZ1,962$339,9430.06%
190iShares Dow Jones Select Dividend Index4642871682,445$328,3390.06%
191Boeing CoBA-PA1,884$321,3160.06%
192Guggenheim EtfIVZ7,135$312,7270.05%
193Amphenol Corp New0320951014,676$306,6980.05%
194Johnson ControlsG515021053,786$303,3500.05%
195Grainger, W W384802104307$303,2630.05%
196Wisconsin Energy GroupWEC2,686$292,7200.05%
197Palantir Technologies IncPLTR3,458$291,9030.05%
198Tyler Technologies IncTYL500$290,6950.05%
199Thermo Fisher Scientific IncTMO581$289,1670.05%
200PPG Industries Inc6935061072,639$288,5740.05%
201GE Vernova IncGEV945$288,4890.05%
202SPDR Barclays 1-3 Month T-Bill ETF78468R6633,125$286,6560.05%
203Technology Select SPDR81369Y8031,381$285,2390.05%
204Altria Group IncMO4,721$283,3560.05%
205Bristol-Myers Squibb CoCELG-RI4,571$278,8030.05%
206CSX CorpCSX9,150$269,2840.05%
207Southern CompanySOMN2,918$268,3650.05%
208B O K Financial Cp New05561Q2012,573$267,9770.05%
209iShares Russell Midcap Growth4642874812,250$264,3520.05%
210Bank Of New York Mellon Corp0640581003,107$260,6640.05%
211Vanguard Growth ETF922908736696$258,2920.04%
212Consolidated EdisonED2,284$252,5870.04%
213iShares Russell Midcap Value4642874731,973$248,5380.04%
214Carrier Global CorpCARR3,909$247,8440.04%
215Zimmer Biomet Holdings Inc.ZBH2,178$246,5750.04%
216Clarivate PLCCLVT61,740$242,6380.04%
217Garmin LtdGRMN1,097$238,1910.04%
218Constellation BrandsSTZ1,291$236,9240.04%
219Martin Marietta Matr573284106494$236,1960.04%
220iShares Core Dividend Growth ETF46434V6213,773$233,0960.04%
221Financial Select Sector SPDR81369Y6054,674$232,8500.04%
222Calvert International Responsible ETFMS-PQ4,000$231,5830.04%
223iShares S&P MidCap 400 Growth4642876062,728$227,1870.04%
224Gallagher Arthur J & Co363576109632$218,1910.04%
225Markel CorporationMKL115$215,0050.04%
226Netflix IncNFLX230$214,6020.04%
227Essex Property TRUST Inc297178105700$214,5990.04%
228GFL Environmental IncGFL4,425$213,7710.04%
229Post Holdings IncPOST1,800$209,4480.04%
230Affiliated Managers Group IncMGRE1,240$208,3570.04%
231O Reilly Automotive Inc67103H107143$204,8580.04%
232Novo-Nordisk A-S AdrNONOF2,941$204,2230.04%
233Microchip Technology IncMCHPP4,216$204,0960.04%
234Synopsys IncSNPS470$201,5590.03%
235Fair Isaac & Co Inc.FICO109$201,0130.03%
236Ready Capital CorpRC-PE22,930$116,7170.02%
237LightPath Technologies IncLPTH32,150$64,6210.01%
238Leslie's Inc52706410928,080$20,6520.00%
239CaliberCos IncCWD33,029$18,2940.00%
240Renalytix PLCRENXF10,000$2,2000.00%