Managers / Q1 2020 · view latest →

Hanson & Doremus Investment Management

CIK 0001393944 · 431 PINE STREET, SUITE 302, PO BOX 819, BURLINGTON, VT, 05402-0819 · 802-658-2668

Reported Value

$294M

Q1 2020

Positions

452

Filings on Record

2019–present window

Filed

Apr 24, 2020

original filing

Summary

Hanson & Doremus Investment Management reported $294M in U.S.-listed holdings across 452 positions for Q1 2020.

Its largest position, SCHB, represents 15.3% of the portfolio.

Compared with Q4 2019, the fund opened 24 new positions and exited 22.

Portfolio Metrics

Turnover

+5.3%

vs prior filed quarter

Top-10 Concentration

+44.3%

share of reported value

Largest Position

+15.3%

Schwab U S Broad Market Etf

New / Exited

24 / 22

positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value

Portfolio Composition

By security type

ETP · 47.3% · $139M
Common Stock · 44.0% · $129M
ADR · 4.5% · $13M
Other · 2.5% · $7M
REIT · 1.3% · $4M
Other · 0.4% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
IWD iShares Russell 1000 Val ETF	NEW	+35.7K	35.7K	+$4M	$4M
TT Trane Technologies PLC	NEW	+1.5K	1.5K	+$128,000	$128,000
WTRG Essential utilities ord	NEW	+2.8K	2.8K	+$115,000	$115,000
SUB iShares Short-Term National Muni Bond	NEW	+735	735	+$78,000	$78,000
SPGI S & P Global Inc	NEW	+300	300	+$74,000	$74,000
SWK Stanley Black & Decker	NEW	+400	400	+$40,000	$40,000
OGE OGE Energy Corp.	NEW	+1.2K	1.2K	+$37,000	$37,000
ERTH Invesco Cleantech ETF	NEW	+920	920	+$35,000	$35,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2020

451 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	SCHB Schwab U.S. Broad Market ETF history →	ETF	15.33%	$45M	746.2K
2	BND Vanguard Total U.S. Bond Market ETF history →	ETF	8.08%	$24M	278.3K
3	VEA Vanguard Developed Market ETF history →	ETF	4.79%	$14M	422.8K
4	BNDX Vanguard Total Int'l Bond Market ETF history →	ETF	4.16%	$12M	217.4K
5	MSFT Microsoft history →	COMMON	3.00%	$9M	55.9K
6	VWO Vanguard Emerging Market ETF history →	ETF	2.19%	$6M	192.0K
7	VEU Vanguard FTSE All World ex US ETF history →	ETF	1.80%	$5M	128.9K
8	SCHF Schwab Int'l Equity ETF history →	ETF	1.75%	$5M	199.5K
9	VZ Verizon Communications Inc.history →	COMMON	1.67%	$5M	91.6K
10	Seagate Technology PLC	COMMON	1.51%	$4M	90.9K
11	PFE Pfizer Inc.history →	COMMON	1.48%	$4M	133.7K
12	SCHW The Charles Schwab Corp.history →	COMMON	1.40%	$4M	122.8K
13	TSM Taiwan Semiconductor ADR history →	ADR	1.33%	$4M	82.0K
14	COST Costco history →	COMMON	1.24%	$4M	12.7K
15	CSCO Cisco Systems, Inc.history →	COMMON	1.22%	$4M	91.5K
16	IWD iShares Russell 1000 Val ETF history →	ETF	1.20%	$4M	35.7K
17	GLW Corning history →	COMMON	1.15%	$3M	165.3K
18	AAPL Apple Inc.history →	COMMON	1.10%	$3M	12.7K
19	GOOG Alphabet, Inc Cl C	COMMON	1.03%	$3M	2.6K
20	BSV Vanguard Short Term Bd Idx ETF history →	ETF	1.02%	$3M	36.4K
21	T AT&T Inc.	COMMON	0.97%	$3M	98.3K
22	KO Coca-Cola Co	COMMON	0.95%	$3M	63.2K
23	MRK Merck	COMMON	0.89%	$3M	34.1K
24	BMY Bristol Myers	COMMON	0.80%	$2M	42.0K
25	CHE Chemed Corp.	COMMON	0.79%	$2M	5.4K
26	DUK Duke Energy Corp.	COMMON	0.78%	$2M	28.4K
27	PG Procter & Gamble	COMMON	0.78%	$2M	20.9K
28	JNJ Johnson & Johnson	COMMON	0.75%	$2M	16.9K
29	Peoples United Finl Inc	COMMON	0.74%	$2M	196.9K
30	JPM JP Morgan Chase & Co	COMMON	0.73%	$2M	23.8K
31	VTI Vanguard Total Stk Mkt ETF	ETF	0.70%	$2M	15.9K
32	BA Boeing Co.	COMMON	0.68%	$2M	13.3K
33	BRK/B Berkshire Hathaway Cl B	COMMON	0.64%	$2M	10.3K
34	VTEB Vanguard Muni Bond ETF	ETF	0.63%	$2M	35.2K
35	INTC Intel Corp.	COMMON	0.58%	$2M	31.5K
36	SONY Sony Corp. ADR	ADR	0.56%	$2M	27.7K
37	IBM IBM Corp.	COMMON	0.55%	$2M	14.5K
38	EMR Emerson Electric Co.	COMMON	0.52%	$2M	32.1K
39	CAT Caterpillar	COMMON	0.51%	$2M	13.0K
40	GLD SPDR Gold Trust ETF	ETF	0.50%	$1M	10.0K
41	ABT Abbott Laboratories	COMMON	0.50%	$1M	18.6K
42	Stericycle Inc	COMMON	0.48%	$1M	29.1K
43	Glaxo Smithkline ADR	ADR	0.48%	$1M	37.2K
44	Royal Dutch Shell ADR	ADR	0.48%	$1M	40.3K
45	VLO Valero Energy	COMMON	0.46%	$1M	29.8K
46	MDT Medtronic Inc.	COMMON	0.46%	$1M	14.9K
47	VTR Ventas REIT Inc	REIT	0.44%	$1M	48.1K
48	QRVO Qorvo Inc	COMMON	0.43%	$1M	15.8K
49	VYX NCR Corporation	COMMON	0.42%	$1M	69.8K
50	AZNN AstraZeneca plc ADR	ADR	0.41%	$1M	27.1K
51	TD Toronto-Dominion Bank	COMMON	0.41%	$1M	28.4K
52	GDX Vaneck Vectors Gold Miners ETF	ETF	0.40%	$1M	51.1K
53	WHR Whirlpool	COMMON	0.38%	$1M	13.1K
54	DGS WisdomTree Emerg Mk SmCap ETF	ETF	0.38%	$1M	33.5K
55	VOD Vodafone Group ADR	ADR	0.38%	$1M	80.2K
56	DIS Walt Disney Hldg	COMMON	0.37%	$1M	11.2K
57	EXMOC Exxon Mobil Corporation	COMMON	0.37%	$1M	28.4K
58	MCK McKesson Corp.	COMMON	0.35%	$1M	7.7K
59	BAX Baxter International	COMMON	0.35%	$1M	12.8K
60	WY Weyerhaeuser Company	COMMON	0.35%	$1M	60.9K
61	WMT Wal-Mart Stores	COMMON	0.35%	$1M	9.0K
62	General Electric Co.	COMMON	0.34%	$997,000	125.6K
63	TIP iShares TIPS Bond ETF	ETF	0.33%	$981,000	8.3K
64	SPDR S&P 500 Fossil Fl Fr ETF	ETF	0.33%	$977,000	15.3K
65	WU Western Union Co	COMMON	0.33%	$964,000	53.2K
66	ESGV Vanguard ESG US Stock ETF	ETF	0.31%	$921,000	20.1K
67	ITGR Integer Holdings Corp	COMMON	0.30%	$872,000	13.9K
68	MDLZ Mondelez Int'l Inc.	COMMON	0.29%	$853,000	17.0K
69	SPY SPDR S&P 500 ETF	ETF	0.29%	$853,000	3.3K
70	IBB iShares NASDAQ Biotech ETF	ETF	0.29%	$849,000	7.9K
71	CBU Community Bank System	COMMON	0.29%	$847,000	14.4K
72	LNT Alliant Energy Corp	COMMON	0.29%	$844,000	17.5K
73	CVS CVS Corp	COMMON	0.28%	$827,000	13.9K
74	Hanesbrands Inc.	COMMON	0.27%	$807,000	102.5K
75	BWA Borg Warner Inc	COMMON	0.27%	$782,000	32.1K
76	KHC Kraft Heinz Company	COMMON	0.27%	$782,000	31.6K
77	TRV The Travelers Companies Inc.	COMMON	0.26%	$777,000	7.8K
78	WPP WPP	COMMON	0.26%	$776,000	23.0K
79	LLY Eli Lilly & Co.	COMMON	0.25%	$750,000	5.4K
80	VSGX Vanguard ESG International Stock ETF	ETF	0.24%	$719,000	17.5K
81	WWW Wolverine World Wide Inc.	COMMON	0.24%	$712,000	46.8K
82	YUMC Yum China Hldgs Inc Com	COMMON	0.23%	$687,000	16.1K
83	NEE Nextera Energy	COMMON	0.23%	$673,000	2.8K
84	NSC Norfolk Southern	COMMON	0.23%	$671,000	4.6K
85	ABBV AbbVie Inc.	COMMON	0.23%	$666,000	8.7K
86	FSLR First Solar Inc	COMMON	0.22%	$660,000	18.3K
87	EFAX SPDR MSCI EAFE Fsl Fuel Fr ETF	ETF	0.22%	$634,000	11.3K
88	APD Air Products & Chemicals Inc.	COMMON	0.21%	$623,000	3.1K
89	MUNI PIMCO Intermediate Muni Bond ETF	ETF	0.21%	$607,000	11.1K
90	AGCO Agco Corp.	COMMON	0.20%	$594,000	12.6K
91	CME CME Group Inc.	COMMON	0.20%	$585,000	3.4K
92	MKSI M K S Instruments Inc.	COMMON	0.20%	$578,000	7.1K
93	XBI SPDR S&P Biotech ETF	ETF	0.19%	$559,000	7.2K
94	SLB Schlumberger Limited	COMMON	0.19%	$558,000	41.3K
95	EWBC East West Bancorp	COMMON	0.19%	$555,000	21.6K
96	HUM Humana	COMMON	0.19%	$551,000	1.8K
97	PEP Pepsico, Inc.	COMMON	0.19%	$546,000	4.5K
98	SCHZ Schwab U.S. Bond ETF	ETF	0.18%	$543,000	10.0K
99	BIDU Baidu Inc ADR	ADR	0.18%	$530,000	5.3K
100	PHG Kon Philips Electric NV	COMMON	0.17%	$512,000	12.7K

Filing History

Quarter	Reported Value	Positions	Filed	Type	Links
Q1 2026	$869M	534	Apr 17, 2026	13F-HR	changes · EDGAR ↗
Q4 2025	$832M	484	Jan 20, 2026	13F-HR	changes · EDGAR ↗
Q3 2025	$794M	500	Oct 15, 2025	13F-HR	changes · EDGAR ↗
Q2 2025	$748M	474	Jul 17, 2025	13F-HR	changes · EDGAR ↗
Q1 2025	$685M	467	Apr 17, 2025	13F-HR	changes · EDGAR ↗
Q4 2024	$639M	453	Jan 23, 2025	13F-HR	changes · EDGAR ↗
Q3 2024	$630M	422	Oct 17, 2024	13F-HR	changes · EDGAR ↗
Q2 2024	$597M	454	Aug 8, 2024	13F-HR	changes · EDGAR ↗
Q1 2024	$580M	472	Apr 22, 2024	13F-HR	changes · EDGAR ↗
Q4 2023	$530M	472	Jan 25, 2024	13F-HR	changes · EDGAR ↗
Q3 2023	$485M	420	Oct 24, 2023	13F-HR	changes · EDGAR ↗
Q2 2023	$481M	444	Jul 18, 2023	13F-HR	changes · EDGAR ↗
Q1 2023	$450M	455	Apr 18, 2023	13F-HR	changes · EDGAR ↗
Q4 2022	$465M	524	Jan 18, 2023	13F-HR	changes · EDGAR ↗
Q3 2022	$387M	512	Oct 20, 2022	13F-HR	changes · EDGAR ↗
Q2 2022	$409M	527	Jul 19, 2022	13F-HR	changes · EDGAR ↗
Q1 2022	$465M	508	Apr 22, 2022	13F-HR	changes · EDGAR ↗
Q4 2021	$467M	494	Jan 20, 2022	13F-HR	changes · EDGAR ↗
Q3 2021	$433M	486	Oct 21, 2021	13F-HR	changes · EDGAR ↗
Q2 2021	$335M	415	Jul 22, 2021	13F-HR	changes · EDGAR ↗
Q1 2021	$432M	532	May 3, 2021	13F-HR	changes · EDGAR ↗
Q4 2020	$402M	435	Feb 1, 2021	13F-HR	changes · EDGAR ↗
Q3 2020	$335M	415	Oct 19, 2020	13F-HR	changes · EDGAR ↗
Q2 2020	$316M	434	Jul 17, 2020	13F-HR	changes · EDGAR ↗
Q1 2020	$294M	452	Apr 24, 2020	13F-HR	changes · EDGAR ↗
Q4 2019	$349M	449	Jan 16, 2020	13F-HR	changes · EDGAR ↗
Q3 2019	$322M	452	Oct 18, 2019	13F-HR	changes · EDGAR ↗
Q2 2019	$315M	471	Jul 18, 2019	13F-HR	changes · EDGAR ↗
Q1 2019	$304M	450	Apr 23, 2019	13F-HR	changes · EDGAR ↗
Q4 2018	$277M	451	Jan 31, 2019	13F-HR	changes · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.