In this paper I examine William Ockham’s theory of judgment and, in particular, his account of the nature and ontological status of its objects. Commentators, both past and present, habitually interpret Ockham as defending a kind of anti-realism about objects of judgment. My aim in this paper is two-fold. The first is to show that the traditional interpretation rests on a failure to appreciate the ways in which Ockham’s theory of judgment changes over the course of his career. The second, (...) and larger, aim is to show that careful attention to these changes in Ockham’s account (and to the motivations for them) sheds new light on broader developments in his philosophy of mind—specifically, on his views about the nature of concepts and on his account of the nature and structure of intentionality itself. (shrink)