Chief Compliance Officer

0001330463-23-000001.txt : 20230202 0001330463-23-000001.hdr.sgml : 20230202 20230201190842 ACCESSION NUMBER: 0001330463-23-000001 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20221231 FILED AS OF DATE: 20230202 DATE AS OF CHANGE: 20230201 EFFECTIVENESS DATE: 20230202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Ironwood Investment Counsel, LLC CENTRAL INDEX KEY: 0001330463 IRS NUMBER: 861017967 STATE OF INCORPORATION: AZ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-11471 FILM NUMBER: 23578307 BUSINESS ADDRESS: STREET 1: 14646 NORTH KIERLAND BLVD., SUITE 135 CITY: SCOTTSDALE STATE: AZ ZIP: 85254 BUSINESS PHONE: 602-493-4042 MAIL ADDRESS: STREET 1: 14646 NORTH KIERLAND BLVD., SUITE 135 CITY: SCOTTSDALE STATE: AZ ZIP: 85254 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001330463 XXXXXXXX 12-31-2022 12-31-2022 Ironwood Investment Counsel, LLC

14646 NORTH KIERLAND BLVD., SUITE 135 SCOTTSDALE AZ 85254

13F HOLDINGS REPORT 028-11471 000110623 801-60073 N Matthew Carter Chief Compliance Officer 602-493-4042 Matthew Carter Scottsdale AZ 02-01-2023 0 206 412272700 false INFORMATION TABLE 2 ironwood4q22.xml 3M Company COM 88579Y101 4140800 34529 SH SOLE 34529 0 0 Abbott Laboratories COM 028241000 833600 7593 SH SOLE 7593 0 0 AbbVie Inc COM 00287Y109 1233800 7634 SH SOLE 7634 0 0 Accenture PLC SH CL A G1151C101 2240600 8397 SH SOLE 8397 0 0 Adobe Systems Inc COM 00724F101 2862500 8506 SH SOLE 8506 0 0 Advanced Micro Devices COM 007903107 372200 5747 SH SOLE 5747 0 0 Affiliated Managers Group Inc COM 008252108 551300 3480 SH SOLE 3480 0 0 Air Prod & Chemicals Inc COM 009158106 1354700 4394 SH SOLE 4394 0 0 Alphabet Inc Class A CAP STK CL A 02079K305 5720100 64832 SH SOLE 64832 0 0 Alphabet Inc Class C Capital S CAP STK CL C 02079K107 763000 8600 SH SOLE 8600 0 0 Altice USA Inc CL A 02156K103 120000 26100 SH SOLE 26100 0 0 Amazon.com Inc. COM 023135106 4135100 49227 SH SOLE 49227 0 0 Amer Electric Pwr Co Inc COM 025537101 498400 5250 SH SOLE 5250 0 0 Ameren Corp COM 023608102 414200 4658 SH SOLE 4658 0 0 American Express COM 025816109 6455500 43692 SH SOLE 43692 0 0 AmerisourceBergen Corp COM 03073E105 399300 2410 SH SOLE 2410 0 0 Amgen COM 031162100 967000 3681 SH SOLE 3681 0 0 Anheuser-Busch Inbev SA ADR Sponsored ADR 03524A108 4898600 81590 SH SOLE 81590 0 0 Apple COM 037833100 17621900 135626 SH SOLE 135626 0 0 AT&T COM 00206R102 1798200 97680 SH SOLE 97316 0 364 Auto Data Processing COM 053015103 2224500 9313 SH SOLE 9313 0 0 B O K Financial Cp New COM NEW 05561Q201 267000 2573 SH SOLE 2573 0 0 Bancfirst Corp Oklahoma COM 05945F103 1007600 11427 SH SOLE 11427 0 0 Bank Of America Corp COM 060505104 288300 8707 SH SOLE 8707 0 0 Berkshire Hathaway Inc Class A CL A 084670108 937400 2 SH SOLE 2 0 0 Berkshire Hathaway Inc Class B CL B NEW 084670207 6368700 20617 SH SOLE 20602 0 15 BlackRock Inc COM 09247X101 310400 438 SH SOLE 438 0 0 Boeing Co COM 097023105 470600 2470 SH SOLE 2470 0 0 Bristol-Myers Squibb Co COM 11133T103 467500 6497 SH SOLE 6497 0 0 Broadcom Ltd COM 11135F101 2316200 4142 SH SOLE 4142 0 0 Broadmark Realty Capital COM 11135B100 133700 37580 SH SOLE 37580 0 0 Brown & Brown Inc COM 115236101 2463000 43235 SH SOLE 43235 0 0 Cabot Corp COM 127055101 201200 3011 SH SOLE 3011 0 0 Canadian Pacific Railway Limited COM 136385101 221900 2975 SH SOLE 2975 0 0 Capital One Financial COM 14040H105 4264600 45875 SH SOLE 45875 0 0 Cardinal Health COM 14149Y108 3301000 42942 SH SOLE 42942 0 0 Caterpillar Inc COM 149123101 710100 2964 SH SOLE 2964 0 0 CH Robinson Worldwide Inc. COM 12541W209 1501600 16400 SH SOLE 16400 0 0 Charles Schwab Corp COM 808513105 7379500 88632 SH SOLE 88632 0 0 Chevron Corp COM 166764100 2622600 14611 SH SOLE 14611 0 0 Chubb Limited COM H1467J104 371900 1686 SH SOLE 1686 0 0 Church & Dwight Co Inc COM 171340102 483600 6000 SH SOLE 6000 0 0 Cigna Corp COM 125523100 685200 2068 SH SOLE 2068 0 0 Cintas Corp COM 172908105 1040100 2303 SH SOLE 2303 0 0 Cisco Systems Inc COM 17275R102 7889100 165599 SH SOLE 165599 0 0 Clarivate PLC ORD SHS G21810109 564200 67650 SH SOLE 67650 0 0 Clorox Company COM 189054109 1448900 10325 SH SOLE 10325 0 0 Coca Cola COM 191216100 1429300 22470 SH SOLE 22470 0 0 Comcast Corp New Cl A CL A 20030N101 3473400 99327 SH SOLE 99327 0 0 Communication Services Sel Sect SPDR ETF COMMUNICATION 81369Y852 1426600 29728 SH SOLE 29728 0 0 ConocoPhillips COM 20825C104 221300 1875 SH SOLE 1875 0 0 Consumer Discret Sel Sect SPDR ETF SBI CONS DISCR 81369Y407 313500 2427 SH SOLE 2427 0 0 Corning Inc COM 219350105 672100 21044 SH SOLE 21044 0 0 Corteva Inc COM 22052L104 2102000 35760 SH SOLE 35760 0 0 Costco COM 22160K105 1168800 2560 SH SOLE 2560 0 0 Crown Castle International COM 22822V101 1170800 8632 SH SOLE 8632 0 0 Cummins Inc COM 231021106 4220300 17418 SH SOLE 17418 0 0 CVS Health Corp COM 126650100 7705400 82685 SH SOLE 82685 0 0 Darling Ingredients Inc COM 237266101 260900 4169 SH SOLE 4169 0 0 Deere & Co COM 244199105 431300 1006 SH SOLE 1006 0 0 Diageo Plc New Adr Sponsored ADR 25243Q205 327300 1837 SH SOLE 1837 0 0 Eaton Corp PLC SHS G29183103 496800 3165 SH SOLE 3165 0 0 Emerson Electric COM 291011104 1788000 18613 SH SOLE 18613 0 0 Energizer Holding Inc COM 29272W109 218900 6525 SH SOLE 6525 0 0 Energy Transfer Partners UNIT LTD PARTN 29273R109 241000 20309 SH SOLE 20309 0 0 Enerpac Tool Group Corp CL A COM 292765104 321800 12646 SH SOLE 12646 0 0 Enterprise Products Partners LP COM 293792107 217500 9020 SH SOLE 9020 0 0 Equifax Inc COM 294429105 320600 1650 SH SOLE 1650 0 0 Essential Utilities Inc COM 29670G102 233300 4889 SH SOLE 4889 0 0 Exxon Mobil COM 30231G102 4036100 36592 SH SOLE 36592 0 0 Fastenal Co COM 311900104 276500 5845 SH SOLE 5845 0 0 Financial Select Sector SPDR FINANCIAL 81369Y605 425300 12436 SH SOLE 12436 0 0 First Trust Preferred Sec & Inc ETF PFD SECS INC ETF 33739E108 4823300 287103 SH SOLE 287103 0 0 Fiserv Inc COM 337738108 3540500 35030 SH SOLE 35030 0 0 Franklin Resources Inc COM 354613101 1122300 42546 SH SOLE 42546 0 0 Gallagher Arthur J & Co COM 363576109 207300 1100 SH SOLE 1100 0 0 General Electric COM 369604103 277600 3314 SH SOLE 3314 0 0 General Mills Inc COM 370334104 2161100 25773 SH SOLE 25773 0 0 Genuine Parts CO COM 372460105 207500 1196 SH SOLE 1196 0 0 Gilead Sciences Inc COM 375558103 495500 5772 SH SOLE 5772 0 0 Health Care Select Sector SPDR ETF SBI HEALTHCARE 81369Y209 208200 1532 SH SOLE 1532 0 0 Heico Corporation COM 422806109 537100 3496 SH SOLE 3496 0 0 Heico Corporation Class A CL A 422806208 413700 3452 SH SOLE 3452 0 0 Hershey Company COM 427866108 414200 1788 SH SOLE 1788 0 0 Hillenbrand Inc COM 431571108 363700 8525 SH SOLE 8525 0 0 Home Depot COM 437076102 5937800 18799 SH SOLE 18799 0 0 Honeywell International COM 438516106 428300 1999 SH SOLE 1999 0 0 Hubbell Inc CL B COM 443510607 1567400 6679 SH SOLE 6679 0 0 IBM COM 459200101 6788800 48185 SH SOLE 48185 0 0 Industrial Select SPDR SBI INT-INDS 81369Y704 299300 3048 SH SOLE 3048 0 0 Intel Corporation COM 458140100 906100 34283 SH SOLE 34283 0 0 International Flavors & Fragrances COM 459044103 324900 3099 SH SOLE 3099 0 0 iShares Barclays 1-3 Yr Treas 1 3 YR TREAS BD 464287457 3393500 41808 SH SOLE 41808 0 0 iShares Barclays Aggregate Bond CORE US AGGBD ET 464287226 5264800 54282 SH SOLE 54282 0 0 iShares Core 1-5 Year USD Bond ETF CORE 1 5 YR USD 46432F859 3248600 69953 SH SOLE 69953 0 0 iShares Dow Jones Select Dividend Index SELECT DIVID ETF 464287168 332800 2760 SH SOLE 2760 0 0 iShares MSCI ACWI ex US Index MSCI ACWI EX US 464288240 516300 11349 SH SOLE 11349 0 0 iShares MSCI EAFE Growth Index EAFE GRWTH ETF 464288885 2164900 25847 SH SOLE 25847 0 0 iShares MSCI EAFE Index MSCI EAFE ETF 464287465 797800 12155 SH SOLE 12155 0 0 iShares MSCI EAFE Value Index EAFE VALUE ETF 464288877 5038400 109817 SH SOLE 109817 0 0 iShares PHLX Semiconductor ETF ISHARES SEMICDTR 464287523 337600 970 SH SOLE 970 0 0 iShares Russell 1000 Value Index RUS 1000 VAL ETF 464287598 1949600 12856 SH SOLE 12856 0 0 iShares Russell 2000 Growth Index RUS 2000 GRW ETF 464287648 852100 3972 SH SOLE 3972 0 0 iShares Russell 2000 Index RUSSELL 2000 ETF 464287655 319300 1831 SH SOLE 1831 0 0 iShares Russell Midcap Value RUS MDCP VAL ETF 464287473 211200 2005 SH SOLE 2005 0 0 iShares S&P 500 Grwth S&P 500 GRWT ETF 464287309 459300 7852 SH SOLE 7852 0 0 iShares S&P 500 Index S&P 500 Index 464287200 5097600 13267 SH SOLE 13267 0 0 iShares S&P 600 Small Cap Index CORE S&P SCP ETF 464287804 406900 4299 SH SOLE 4299 0 0 iShares S&P MidCap 400 Index CORE S&P MCP ETF 464287507 381700 1578 SH SOLE 1578 0 0 iShares S&P National Muni NATIONAL MUN ETF 464288414 377700 3579 SH SOLE 3579 0 0 iShares S&P SmallCap 600 Grwth Idx S&P SML 600 GWT 464287887 211500 1957 SH SOLE 1957 0 0 iShares Short-Term National Muni Bd ETF SHRT NAT MUN ETF 464288158 608300 5834 SH SOLE 5834 0 0 Johnson & Johnson COM 478160104 9884800 55957 SH SOLE 55957 0 0 Johnson Controls SHS G51502105 263500 4117 SH SOLE 4117 0 0 JP Morgan Chase & Co COM 46625H100 2926800 21826 SH SOLE 21826 0 0 JPMorgan Ultra-Short Income ETF ULTRA SHRT INC 46641Q837 4161200 83008 SH SOLE 83008 0 0 JPMorgan Ultra-Short Municipal Inc ETF ULTRA SHT MUNCPL 46641Q654 2829400 55989 SH SOLE 55989 0 0 KLA Corporation COM NEW 482480100 4085200 10835 SH SOLE 10835 0 0 Laboratory Corp of America Holdings COM NEW 50540R409 3576300 15187 SH SOLE 15187 0 0 Lam Research Corporation COM 512807108 228000 542 SH SOLE 542 0 0 Leslie's Inc COM 527064109 148600 12175 SH SOLE 12175 0 0 LightPath Technologies Inc COM CL A 532257805 37200 30495 SH SOLE 30495 0 0 Lilly Eli & Co COM CL A 532457108 1292800 3534 SH SOLE 3534 0 0 Lockheed Martin Corp COM 539830109 6914000 14212 SH SOLE 14212 0 0 Lowes Companies COM 548661107 3963800 19894 SH SOLE 19894 0 0 LPL Financial Holdings Inc. COM 50212V100 461500 2135 SH SOLE 2135 0 0 Magellan Midstream Ptnrs COM UNIT RP LP 559080106 238400 4750 SH SOLE 4750 0 0 Marsh & McLennan Inc COM 571748102 797600 4820 SH SOLE 4820 0 0 Mastercard COM 57636Q104 4537000 13047 SH SOLE 13047 0 0 McCormick & Co COM 579780206 827300 9980 SH SOLE 9980 0 0 McDonalds COM 580135101 2999000 11380 SH SOLE 11380 0 0 McKesson Corp COM 58155Q103 4576600 12200 SH SOLE 12200 0 0 Medtronic COM 585055106 3327900 42820 SH SOLE 42820 0 0 Merck & Co Inc COM 589331107 8123000 73213 SH SOLE 73213 0 0 Meta Platforms Inc Class A CL A 30303M102 1118400 9293 SH SOLE 9293 0 0 Microchip Technology Inc COM 595017104 471700 6716 SH SOLE 6716 0 0 Microsoft COM 594918104 23414900 97635 SH SOLE 97635 0 0 Molson Coors Brewing Co B CL B 60871R209 847500 16451 SH SOLE 16451 0 0 Mondelez International Inc CL A 609207105 1850200 27760 SH SOLE 27760 0 0 Moodys Corp COM 615369105 864800 3104 SH SOLE 3104 0 0 Morgan Stanley COM NEW 617446448 1218600 14333 SH SOLE 14333 0 0 Northern Trust Corp COM 665859104 407000 4600 SH SOLE 4600 0 0 Novo-Nordisk A-S Adr ADR 670100205 230000 1700 SH SOLE 1700 0 0 Nuveen Pref & Income Securities Fund COM 67072C105 68000 10000 SH SOLE 10000 0 0 OGE Energy Corp. COM 670837103 4006200 101296 SH SOLE 101296 0 0 Omnicom Group Inc COM 681919106 2333700 28610 SH SOLE 28610 0 0 Paychex Inc COM 704326107 2241000 19393 SH SOLE 19393 0 0 Pepsico Incorporated COM 713448108 8456900 46811 SH SOLE 46811 0 0 Pfizer COM 717081103 2277400 44447 SH SOLE 44447 0 0 Philip Morris Int'l Inc COM 718172109 238500 2356 SH SOLE 2356 0 0 Pinnacle West Capital Cp COM 723484101 670900 8824 SH SOLE 8824 0 0 Post Holdings Inc COM 737446104 312200 3460 SH SOLE 3460 0 0 Powershares QQQ UNIT SER 1 46090E103 550100 2066 SH SOLE 2066 0 0 PPG Industries Inc COM 693506107 326900 2600 SH SOLE 2600 0 0 Procter & Gamble COM 742718109 5815100 38368 SH SOLE 38368 0 0 Proshares S&P 500 Div S&P 500 DV ARIST 74348A467 248800 2765 SH SOLE 2465 0 300 Qualcomm COM 747525103 1891600 17206 SH SOLE 17206 0 0 Resmed Inc COM 761152107 231000 1110 SH SOLE 1110 0 0 Rockwell Automation Inc COM 773903109 214900 834 SH SOLE 834 0 0 S&P Global Inc COM 78409V104 417400 1246 SH SOLE 1246 0 0 Schwab Fundamental US Large Company ETF SCHWAB FDT US LG 808524771 3609700 67547 SH SOLE 67547 0 0 Schwab Fundemental US Small Company ETF SCHWAB FDT US SC 808524763 7185800 153805 SH SOLE 153805 0 0 Schwab International Equity ETF INTL EQTY ETF 808524805 543400 16872 SH SOLE 16522 0 350 Schwab U.S. Broad Market ETF US BRD MKT ETF 808524102 452800 10106 SH SOLE 10106 0 0 Schwab U.S. Dividend Equity ETF US DIVIDEND EQ 808524797 478800 6338 SH SOLE 6338 0 0 Schwab U.S. Large-Cap ETF US LRG CAP ETF 808524201 309000 6845 SH SOLE 6845 0 0 SPDR Barclays 1-3 Month T-Bill ETF BLOOMBERG 1-3 MO 78468R663 5688500 62189 SH SOLE 62189 0 0 SPDR S&P 500 ETF TR UNIT 78462F103 2011100 5258 SH SOLE 5258 0 0 Sprott Phys Silver Trust TR UNIT 85207K107 359000 43570 SH SOLE 43570 0 0 Sprott Physical Gold and Silver Trust TR UNIT 85208R101 365700 20400 SH SOLE 20400 0 0 Starbucks Corp COM 855244109 6312500 63634 SH SOLE 63634 0 0 State Street Corp COM 857477103 399100 5145 SH SOLE 5145 0 0 Stericycle Inc COM 858912108 479900 9621 SH SOLE 9621 0 0 Stryker COM 863667101 709500 2902 SH SOLE 2902 0 0 Sysco COM 871829107 8230900 107664 SH SOLE 107664 0 0 T. Rowe Price Group Inc COM 74144T108 3346800 30688 SH SOLE 30688 0 0 Target COM 87612E106 641300 4303 SH SOLE 4303 0 0 Teradyne, Inc. COM 880770102 3060300 35035 SH SOLE 35035 0 0 Tesla Motors Inc. COM 88160R101 1180500 9584 SH SOLE 9584 0 0 Texas Instruments Inc COM 882508104 896800 5428 SH SOLE 5428 0 0 Union Pacific Corp COM 907818108 713200 3444 SH SOLE 3444 0 0 United Parcel Service B COM 911312106 7037700 40484 SH SOLE 40484 0 0 Unitedhealth Group Inc COM 91324P102 1337200 2522 SH SOLE 2522 0 0 US Bancorp COM 902973304 5756900 132010 SH SOLE 132010 0 0 US Foods Holding Corp COM 912008109 341900 10050 SH SOLE 10050 0 0 Vanguard Div Apprciation DIV APP ETF 921908844 1569400 10335 SH SOLE 10335 0 0 Vanguard Growth ETF GROWTH ETF 922908736 258600 1213 SH SOLE 1213 0 0 Vanguard Information Technology ETF INF TECH ETF 92204A702 216900 679 SH SOLE 679 0 0 Vanguard Intl Divdend INTL DVD ETF 921946810 977500 14039 SH SOLE 13924 0 115 Vanguard Mid-Cap ETF MID CAP ETF 922908629 274900 1349 SH SOLE 1349 0 0 Vanguard MSCI EAFE ETF VAN FTSE DEV MKT 921943858 330500 7876 SH SOLE 7876 0 0 Vanguard REIT ETF REIT ETF 922908553 520400 6310 SH SOLE 6310 0 0 Vanguard S&P 500 ETF S&P 500 ETF SHS 922908363 261000 743 SH SOLE 743 0 0 Vanguard Small Cap ETF SMALL CP ETF 922908751 212800 1159 SH SOLE 1159 0 0 Vanguard Total Bond Market TOTAL BND MRKT 921937835 216700 3017 SH SOLE 2667 0 350 Vanguard Total Stock Market ETF TOTAL STK MKT 922908769 1157600 6054 SH SOLE 6054 0 0 Vanguard Value ETF VALUE ETF 922908744 292400 2083 SH SOLE 2083 0 0 Verizon Communications COM 92343V104 1898600 48188 SH SOLE 48188 0 0 Visa COM 92826C839 1299100 6253 SH SOLE 6253 0 0 Walgreens Boots Alliance Inc. COM 931427108 1415000 37875 SH SOLE 37875 0 0 Wal-Mart Stores COM 931142103 1873300 13212 SH SOLE 13212 0 0 Walt Disney Co COM 254687106 3455000 39767 SH SOLE 39767 0 0 Waste Management, Inc. COM 94106L109 1529700 9750 SH SOLE 9750 0 0 Wells Fargo COM 949746101 1094000 26497 SH SOLE 26497 0 0 Weyerhaeuser Co COM NEW 962166104 248000 8000 SH SOLE 8000 0 0 Willis Towers Watson PLC COM G96629103 984900 4027 SH SOLE 4027 0 0