Ironwood Investment Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
Expires:	Oct 31, 2018
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
A E S Corp	COM	00130H105	321	24,213	SH		SOLE	0	24,213	0	0
ACI Worldwide, Inc	COM	004498101	5,931	241,380	SH		SOLE	0	241,380	0	0
Acco Brands Corp	COM	00081T108	2,578	331,765	SH		SOLE	0	331,765	0	0
Albemarle Corp	COM	012653101	448	8,100	SH		SOLE	0	8,100	0	0
Amag Pharma Inc	COM	00163U106	10,738	155,494	SH		SOLE	0	155,494	0	0
Amern Superconductor Cp	COM	030111207	232	44,396	SH		SOLE	0	44,396	0	0
Amtech Systems, Inc.	COM	032332504	3,463	333,263	SH		SOLE	0	333,263	0	0
Analogic Corp	COM	032657207	6,019	76,291	SH		SOLE	0	76,291	0	0
Ann Inc.	COM	035623107	7,033	145,643	SH		SOLE	0	145,643	0	0
Ariad Pharmaceuticals Inc	COM	04033a100	6,330	765,415	SH		SOLE	0	765,415	0	0
Arrow Electronics	COM	042735100	1,557	27,905	SH		SOLE	0	27,905	0	0
Ascent Capital Group	COM	043632108	3,358	78,559	SH		SOLE	0	78,559	0	0
Ashford Hospitality Prime, Inc	COM	044102101	408	27,190	SH		SOLE	0	27,190	0	0
Ashford Hospitality Tr Reit	COM	044103109	1,485	175,575	SH		SOLE	0	175,575	0	0
Azz Inc.	COM	002474104	1,263	24,380	SH		SOLE	0	24,380	0	0
BNC Bancorp	COM	05566t101	403	20,835	SH		SOLE	0	20,835	0	0
Bancorpsouth Inc	COM	059692103	5,154	200,097	SH		SOLE	0	200,097	0	0
Bank Of America Corp	COM	060505104	203	11,927	SH		SOLE	0	11,927	0	0
Barnes Group Inc	COM	067806109	1,369	35,105	SH		SOLE	0	35,105	0	0
Barrett Business Services Inc.	COM	068463108	2,475	68,135	SH		SOLE	0	68,135	0	0
Beacon Roofing Supply	COM	073685109	4,656	140,155	SH		SOLE	0	140,155	0	0
Belden Inc	COM	077454106	801	9,861	SH		SOLE	0	9,861	0	0
Benchmark Electronics	COM	08160h101	227	10,445	SH		SOLE	0	10,445	0	0
Berkshire Hath Cl B	COM	084670702	251	1,841	SH		SOLE	0	1,841	0	0
Berkshire Hills Bancorp	COM	084680107	3,573	125,441	SH		SOLE	0	125,441	0	0
Boston Private Finl Hldg	COM	101119105	4,508	336,144	SH		SOLE	0	336,144	0	0
Briggs & Stratton Corp.	COM	109043109	4,094	212,573	SH		SOLE	0	212,573	0	0
Bristol-Myers Squibb Co	COM	110122108	627	9,430	SH		SOLE	0	9,430	0	0
Brocade Communs Sys New	COM	111621306	1,291	108,684	SH		SOLE	0	108,684	0	0
Bryn Mawr Bank Corporation	COM	117665109	403	13,350	SH		SOLE	0	13,350	0	0
C A C I Inc Cl A	COM	127190304	1,137	14,055	SH		SOLE	0	14,055	0	0
C S G Systems Intl Inc	COM	126349109	6,611	208,798	SH		SOLE	0	208,798	0	0
Cabot Corp	COM	127055101	4,620	123,883	SH		SOLE	0	123,883	0	0
Callaway Golf	COM	131193104	2,474	276,713	SH		SOLE	0	276,713	0	0
Callon Petroleum Co	COM	13123X102	236	28,340	SH		SOLE	0	28,340	0	0
Cardiovascular Systems Inc.	COM	141619106	8,017	303,104	SH		SOLE	0	303,104	0	0
Carrizo Oil & Gas Inc	COM	144577103	4,519	91,771	SH		SOLE	0	91,771	0	0
Carters Inc	COM	146229109	5,155	48,491	SH		SOLE	0	48,491	0	0
Castle A M & Co	COM	148411101	289	46,795	SH		SOLE	0	46,795	0	0
Chemtura Corp	COM	163893209	287	10,140	SH		SOLE	0	10,140	0	0
Chico's FAS, Inc.	COM	168615102	229	13,800	SH		SOLE	0	13,800	0	0
Children's Place, Inc.	COM	168905107	247	3,775	SH		SOLE	0	3,775	0	0
Cisco Systems Inc	COM	17275R102	380	13,856	SH		SOLE	0	13,856	0	0
Columbia Banking Systems	COM	197236102	6,693	205,673	SH		SOLE	0	205,673	0	0
Commercial Vehicle Group	COM	202608105	1,479	205,065	SH		SOLE	0	205,065	0	0
Conagra Inc	COM	205887102	280	6,400	SH		SOLE	0	6,400	0	0
Cpi Aerostructures New	COM	125919308	980	97,893	SH		SOLE	0	97,893	0	0
Crocs Inc.	COM	227046109	3,981	270,607	SH		SOLE	0	270,607	0	0
Cvs Health Corporation	COM	126650100	343	3,275	SH		SOLE	0	3,275	0	0
Cytokinetics Inc	COM	23282W605	2,925	435,202	SH		SOLE	0	435,202	0	0
Darling Ingredients, Inc.	COM	237266101	5,525	376,863	SH		SOLE	0	376,863	0	0
Deere & Co	COM	244199105	204	2,102	SH		SOLE	0	2,102	0	0
Denbury Res Inc New	COM	247916208	80	12,599	SH		SOLE	0	12,599	0	0
Diana Shipping Inc F	COM	Y2066G104	1,166	165,449	SH		SOLE	0	165,449	0	0
Dr. Pepper Snapple Group	COM	26138e109	348	4,770	SH		SOLE	0	4,770	0	0
Durect Corp	COM	266605104	6,737	2,818,649	SH		SOLE	0	2,818,649	0	0
Dycom Industries Inc	COM	267475101	6,661	113,179	SH		SOLE	0	113,179	0	0
Esterline Corp.	COM	297425100	518	5,430	SH		SOLE	0	5,430	0	0
Extreme Networks Inc.	COM	30226d106	3,452	1,283,269	SH		SOLE	0	1,283,269	0	0
Exxon Mobil Corporation	COM	30231G102	1,048	12,591	SH		SOLE	0	12,591	0	0
Ferro Corp	COM	315405100	9,694	577,702	SH		SOLE	0	577,702	0	0
Finisar	COM	31787A507	2,775	155,268	SH		SOLE	0	155,268	0	0
First BanCorp (Puerto Rico)	COM	318672706	1,057	219,217	SH		SOLE	0	219,217	0	0
First Niagara Finl New	COM	33582V108	4,071	431,240	SH		SOLE	0	431,240	0	0
Francesca's Holdings Corp	COM	351793104	1,847	137,123	SH		SOLE	0	137,123	0	0
Freightcar America Inc	COM	357023100	2,087	99,929	SH		SOLE	0	99,929	0	0
GameStop Corp. Cl A	COM	36467w109	1,465	34,100	SH		SOLE	0	34,100	0	0
General Electric Company	COM	369604103	874	32,892	SH		SOLE	0	32,892	0	0
Goodyear Tire & Rubber	COM	382550101	594	19,689	SH		SOLE	0	19,689	0	0
Granite Construction	COM	387328107	392	11,050	SH		SOLE	0	11,050	0	0
Griffon Corp	COM	398433102	849	53,335	SH		SOLE	0	53,335	0	0
Group 1 Automotive	COM	398905109	2,144	23,600	SH		SOLE	0	23,600	0	0
Hancock Holding Co	COM	410120109	1,448	45,385	SH		SOLE	0	45,385	0	0
Hanover Insurance Group	COM	410867105	6,179	83,470	SH		SOLE	0	83,470	0	0
Hewlett-Packard Company	COM	428236103	839	27,970	SH		SOLE	0	27,970	0	0
Hornbeck Offshore Services, In	COM	440543106	972	47,329	SH		SOLE	0	47,329	0	0
Horsehead Holding	COM	440694305	3,704	316,030	SH		SOLE	0	316,030	0	0
Hudson Highland Group	COM	443787106	596	260,408	SH		SOLE	0	260,408	0	0
Intel Corp	COM	458140100	500	16,433	SH		SOLE	0	16,433	0	0
Intl Business Machines	COM	459200101	1,302	8,002	SH		SOLE	0	8,002	0	0
Invacare Corp.	COM	461203101	640	29,590	SH		SOLE	0	29,590	0	0
Johnson & Johnson	COM	478160104	382	3,915	SH		SOLE	0	3,915	0	0
Jpmorgan Chase & Co	COM	46625H100	252	3,718	SH		SOLE	0	3,718	0	0
Key Energy Sevices	COM	492914106	544	302,235	SH		SOLE	0	302,235	0	0
Kona Grill Inc	COM	50047H201	5,619	289,469	SH		SOLE	0	289,469	0	0
Koppers Holdings Inc.	COM	50060p106	1,294	52,365	SH		SOLE	0	52,365	0	0
Kraton Performance Polymers In	COM	50077c106	5,545	232,199	SH		SOLE	0	232,199	0	0
Kulicke & Soffa Industries, In	COM	501242101	977	83,469	SH		SOLE	0	83,469	0	0
Limelight Networks Inc	COM	53261M104	2,932	744,259	SH		SOLE	0	744,259	0	0
M.D.C. Holdings	COM	552676108	248	8,280	SH		SOLE	0	8,280	0	0
MYR Group	COM	55405w104	294	9,505	SH		SOLE	0	9,505	0	0
Manitex International	COM	563420108	823	107,683	SH		SOLE	0	107,683	0	0
Manitowoc Inc.	COM	563571108	825	42,090	SH		SOLE	0	42,090	0	0
Mattersight	COM	577097108	4,052	686,822	SH		SOLE	0	686,822	0	0
Maxwell Technologies Inc	COM	577767106	1,203	201,473	SH		SOLE	0	201,473	0	0
Mb Financial Bank	COM	55264u108	618	17,950	SH		SOLE	0	17,950	0	0
Mckesson Corporation	COM	58155Q103	1,508	6,708	SH		SOLE	0	6,708	0	0
Mentor Graphics Corp	COM	587200106	7,191	272,073	SH		SOLE	0	272,073	0	0
Merck & Co Inc New	COM	58933y105	313	5,499	SH		SOLE	0	5,499	0	0
Mercury Systems	COM	589378108	6,881	470,011	SH		SOLE	0	470,011	0	0
Methode Electronics Inc.	COM	591520200	5,426	197,653	SH		SOLE	0	197,653	0	0
Moduslink Global Sol Inc	COM	60786l206	711	209,066	SH		SOLE	0	209,066	0	0
N C R Corp New	COM	62886e108	1,620	53,815	SH		SOLE	0	53,815	0	0
National Bank Holdings Corp. C	COM	633707104	223	10,725	SH		SOLE	0	10,725	0	0
Nautilus Inc	COM	63910B102	5,614	260,994	SH		SOLE	0	260,994	0	0
Newpark Resources Inc	COM	651718504	3,240	398,572	SH		SOLE	0	398,572	0	0
Northfield Bancorp	COM	66611t108	2,909	193,309	SH		SOLE	0	193,309	0	0
Old Republic Intl Corp	COM	680223104	3,700	236,707	SH		SOLE	0	236,707	0	0
Patterson- UTI Energy Inc.	COM	703481101	2,300	122,257	SH		SOLE	0	122,257	0	0
Pegasystems Inc	COM	705573103	8,614	376,330	SH		SOLE	0	376,330	0	0
Pepsico Incorporated	COM	713448108	383	4,105	SH		SOLE	0	4,105	0	0
Perficient Inc	COM	71375U101	7,666	398,433	SH		SOLE	0	398,433	0	0
Pfizer Incorporated	COM	717081103	541	16,121	SH		SOLE	0	16,121	0	0
Progress Software Corp	COM	743312100	4,823	175,366	SH		SOLE	0	175,366	0	0
Progressive Corp Ohio	COM	743315103	343	12,330	SH		SOLE	0	12,330	0	0
Qorvo Inc.	COM	74736k101	758	9,443	SH		SOLE	0	9,443	0	0
R T I Intl Metals Inc	COM	74973W107	4,820	152,931	SH		SOLE	0	152,931	0	0
RCS Capital	COM	74937w102	117	15,285	SH		SOLE	0	15,285	0	0
Rex Energy Corp	COM	761565100	2,397	428,861	SH		SOLE	0	428,861	0	0
Shoe Carnival Inc	COM	824889109	7,590	262,993	SH		SOLE	0	262,993	0	0
ShoreTel	COM	825211105	2,954	435,751	SH		SOLE	0	435,751	0	0
Sm Energy Company	COM	78454l100	830	18,005	SH		SOLE	0	18,005	0	0
Soadastream International	COM	M9068E105	3,401	160,955	SH		SOLE	0	160,955	0	0
Sonus Networks Inc	COM	835916503	2,259	326,421	SH		SOLE	0	326,421	0	0
Southwest Bancorp Okla	COM	844767103	3,021	162,341	SH		SOLE	0	162,341	0	0
Spectrum Pharmaceuticals Inc.	COM	84763a108	655	95,693	SH		SOLE	0	95,693	0	0
Spirit Airlines Inc.	COM	848577102	10,548	169,859	SH		SOLE	0	169,859	0	0
Stancorp Finl Group Inc	COM	852891100	5,862	77,533	SH		SOLE	0	77,533	0	0
Steel Dynamics Inc	COM	858119100	906	43,730	SH		SOLE	0	43,730	0	0
Steven Madden Ltd	COM	556269108	9,666	225,938	SH		SOLE	0	225,938	0	0
Strat Diagnostics Inc	COM	862700101	143	125,762	SH		SOLE	0	125,762	0	0
Sunopta Inc F	COM	8676EP108	7,590	707,372	SH		SOLE	0	707,372	0	0
Super Micro Computer, Inc	COM	86800u104	655	22,150	SH		SOLE	0	22,150	0	0
Synta Pharmaceuticals	COM	87162t206	961	430,749	SH		SOLE	0	430,749	0	0
Sypris Solutions Inc	COM	871655106	577	397,890	SH		SOLE	0	397,890	0	0
TRI Pointe Group, Inc.	COM	87265h109	4,630	302,625	SH		SOLE	0	302,625	0	0
Teleflex Incorporated	COM	879369106	8,229	60,754	SH		SOLE	0	60,754	0	0
Teletech Holdings Inc	COM	879939106	5,763	212,802	SH		SOLE	0	212,802	0	0
Tempur Sealy International Inc	COM	88023U101	6,361	96,532	SH		SOLE	0	96,532	0	0
Tennant Co	COM	880345103	3,412	52,225	SH		SOLE	0	52,225	0	0
Terex Corp	COM	880779103	4,469	192,198	SH		SOLE	0	192,198	0	0
TriCo Bancshares	COM	896095106	4,369	181,670	SH		SOLE	0	181,670	0	0
Triangle Petroleum Corp.	COM	89600b201	4,032	803,217	SH		SOLE	0	803,217	0	0
Ttm Technologies Inc	COM	87305r109	812	81,315	SH		SOLE	0	81,315	0	0
U S Physical Therapy	COM	90337L108	8,584	156,760	SH		SOLE	0	156,760	0	0
Ultratech	COM	904034105	3,719	200,370	SH		SOLE	0	200,370	0	0
United Financial Bancorp	COM	910304104	3,708	275,655	SH		SOLE	0	275,655	0	0
Universal Forest Product	COM	913543104	1,894	36,404	SH		SOLE	0	36,404	0	0
Vicor Corp	COM	925815102	3,958	324,657	SH		SOLE	0	324,657	0	0
Watts Water Tech Inc A Class A	COM	942749102	4,716	90,947	SH		SOLE	0	90,947	0	0
Wausau Paper Corp	COM	943315101	3,097	337,390	SH		SOLE	0	337,390	0	0
Wells Fargo & Co New	COM	949746101	239	4,244	SH		SOLE	0	4,244	0	0
Western Digital Corp	COM	958102105	746	9,515	SH		SOLE	0	9,515	0	0
Whole Foods Market Inc	COM	966837106	436	11,062	SH		SOLE	0	11,062	0	0
Xcerra Corp	COM	98400j108	4,144	547,476	SH		SOLE	0	547,476	0	0
Fidelity Conservative Income B	COM	316146539	251	25,047	SH		SOLE	0	25,047	0	0