Institutional Manager · CIK 0001630360

Ironwood Financial, llc

TUCSON, AZ · File #028-16526

Latest AUM

$589.6M

Positions

166

Top-10 Concentration

49.9%

Filings

Portfolio Value Over Time

2024-03

2024-06

2024-09

2024-12

2025-03

2025-06

2025-09

2025-12

Biggest QoQ Changes

Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.

Action	Issuer	Ticker / CUSIP	Δ Shares	Flow ($)	Price Effect
REDUCE	APPLE INC	AAPL	-7,573	-$2.0M	+$919,714
REDUCE	ISHARES TR	464287309	-13,809	-$1.7M	+$709,228
ADD	ISHARES TR	46435UAA9	+61,446	+$1.5M	-$11,986
ADD	ISHARES TR	46435GAA0	+60,243	+$1.5M	-$16,582
ADD	ISHARES TR	46436E312	+48,805	+$1.2M	-$30,723
ADD	ISHARES TR	46436E486	+51,798	+$1.1M	-$39,469
REDUCE	INVESCO EXCH TRD SLF IDX FD	IVZ	-45,410	-$1.1M	-$28,309
REDUCE	ISHARES TR	464287200	-1,468	-$1.0M	+$3.1M
ADD	ISHARES TR	46436E387	+39,876	+$946,657	-$36,743
REDUCE	ISHARES INC	464286681	-8,195	-$874,551	+$483,582

Sector Allocation

Financials

12.5%$73.8M

Technology

8.7%$51.3M

Healthcare

2.8%$16.7M

Consumer Discretionary

2.1%$12.7M

Industrials

0.6%$3.7M

Consumer Staples

0.3%$1.6M

Communication Services

0.1%$309,681

Filing History

Jan 15, 202613F HOLDINGS REPORTQ/E Dec 2025166 pos · $589.6M
Oct 22, 202513F HOLDINGS REPORTQ/E Sep 2025166 pos · $564.4M
Jul 23, 202513F HOLDINGS REPORTQ/E Jun 2025159 pos · $466.3M
Apr 15, 202513F HOLDINGS REPORTQ/E Mar 2025160 pos · $466.3M
Jan 16, 202513F HOLDINGS REPORTQ/E Dec 2024158 pos · $476.7M
Oct 16, 202413F HOLDINGS REPORTQ/E Sep 2024151 pos · $475.9M
Jul 19, 202413F HOLDINGS REPORTQ/E Jun 2024148 pos · $446.0M
Apr 18, 202413F HOLDINGS REPORTQ/E Mar 2024151 pos · $435.0M
Oct 25, 202313F HOLDINGS REPORTQ/E Dec 2023140 pos · $372.2M

Top 20 Holdings — Dec 2025

#	Issuer	Ticker	Shares	Value	% of Portfolio
1	ISHARES TR	464287200	105,716	$73.8M	14.96%
2	APPLE INC	AAPL	156,075	$40.6M	8.23%
3	ISHARES TR	464287507	367,127	$25.4M	5.15%
4	ISHARES TR	464287408	97,922	$21.3M	4.31%
5	ISHARES TR	464287309	148,474	$18.6M	3.76%
6	ISHARES TR	464287804	132,093	$16.7M	3.39%
7	ISHARES INC	464286681	120,848	$12.9M	2.61%
8	ISHARES TR	46436E205	537,151	$12.6M	2.55%
9	VANGUARD INDEX FDS	922908769	36,565	$12.5M	2.54%
10	ISHARES TR	46436E726	533,013	$11.8M	2.38%
11	ISHARES TR	46436E486	545,326	$11.5M	2.34%
12	INVESCO EXCH TRD SLF IDX FD	IVZ	512,096	$10.5M	2.14%
13	INVESCO EXCH TRD SLF IDX FD	IVZ	524,036	$10.3M	2.10%
14	INVESCO EXCH TRD SLF IDX FD	IVZ	426,770	$10.0M	2.02%
15	INVESCO EXCHANGE TRADED FD T	IVZ	46,015	$9.1M	1.84%
16	VANGUARD INDEX FDS	922908637	28,362	$9.1M	1.84%
17	ISHARES TR	46436E312	355,922	$9.1M	1.84%
18	INVESCO EXCH TRD SLF IDX FD	IVZ	450,900	$8.8M	1.79%
19	ISHARES TR	464287465	84,538	$8.4M	1.70%
20	INVESCO EXCH TRD SLF IDX FD	IVZ	370,330	$8.4M	1.70%