A cutting wheel for use with a stump cutting apparatus. A plurality of tool holders are secured to the cutting wheel, and there are a plurality of apertures in each tool holder. Each aperture has a cutting tool or tooth mounted therein so that each tool holder supports more than one cutting tool or tooth. In some embodiments, the cutting wheel includes first and second sections. The first and second sections including a support member, with a tool holder attached to the support member. Each of the first and second sections having a notch therein, the respective notches cooperating to form a joint between the first and second sections.