Managers / Q2 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

$316M

Q2 2020

Positions

434

Filings on Record

2019–present window

Filed

Jul 17, 2020

original filing

Summary

Hanson & Doremus Investment Management reported $316M in U.S.-listed holdings across 434 positions for Q2 2020.

Its largest position, SCHB, represents 17.8% of the portfolio.

Compared with Q1 2020, the fund opened 16 new positions and exited 35.

Portfolio Metrics

Turnover

+7.3%

vs prior filed quarter

Top-10 Concentration

+48.9%

share of reported value

Largest Position

+17.8%

Schwab U S Broad Market Etf

New / Exited

16 / 35

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 · 51.5% · $163M
Common Stock · 40.4% · $128M
ADR · 4.3% · $13M
Other · 2.3% · $7M
REIT · 1.4% · $4M
Other · 0.1% · $410,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
SPDR MSCI EAFE Fsl Fuel Fr ETF	NEW	+10.2K	10.2K	+$662,000	$662,000
RTX Raytheon Technologies Ord	NEW	+3.2K	3.2K	+$200,000	$200,000
OTIS OTIS Worldwide Corp-Wi	NEW	+1.1K	1.1K	+$61,000	$61,000
CARR Carrier Global Corp-Wi	NEW	+2.2K	2.2K	+$48,000	$48,000
EPD Enterprise Products Prtn LP	NEW	+1.3K	1.3K	+$24,000	$24,000
FSK FS KKR Capital Corp	NEW	+1.0K	1.0K	+$14,000	$14,000
ADI Analog Devices Inc.	NEW	+95	95	+$12,000	$12,000
SNY Sanofi Aventis ADR	NEW	+210	210	+$11,000	$11,000

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

Holdings — Q2 2020

433 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	SCHB Schwab U.S. Broad Market ETF history →	ETF	17.81%	$56M	765.4K
2	BND Vanguard Total U.S. Bond Market ETF history →	ETF	8.23%	$26M	294.2K
3	VEA Vanguard Developed Market ETF history →	ETF	5.42%	$17M	441.0K
4	BNDX Vanguard Total Int'l Bond Market ETF history →	ETF	4.11%	$13M	224.8K
5	VWO Vanguard Emerging Market ETF history →	ETF	3.42%	$11M	272.6K
6	SCHF Schwab Int'l Equity ETF history →	ETF	3.06%	$10M	325.0K
7	MSFT Microsoft history →	COMMON	2.86%	$9M	44.4K
8	VZ Verizon Communications Inc.history →	COMMON	1.39%	$4M	79.5K
9	TSM Taiwan Semiconductor ADR history →	ADR	1.28%	$4M	71.3K
10	Seagate Technology PLC	COMMON	1.26%	$4M	82.3K
11	SCHW The Charles Schwab Corp.history →	COMMON	1.23%	$4M	115.0K
12	GLW Corning history →	COMMON	1.22%	$4M	148.8K
13	PFE Pfizer Inc.history →	COMMON	1.20%	$4M	115.6K
14	CSCO Cisco Systems, Inc.history →	COMMON	1.08%	$3M	73.2K
15	GOOG Alphabet, Inc Cl C	COMMON	1.06%	$3M	2.4K
16	AAPL Apple Inc.history →	COMMON	1.03%	$3M	8.9K
17	COST Costco history →	COMMON	1.00%	$3M	10.5K
18	IWD iShares Russell 1000 Val ETF	ETF	0.97%	$3M	27.1K
19	BSV Vanguard Short Term Bd Idx ETF	ETF	0.95%	$3M	36.2K
20	T AT&T Inc.	COMMON	0.86%	$3M	90.3K
21	KO Coca-Cola Co	COMMON	0.74%	$2M	52.3K
22	BMY Bristol Myers	COMMON	0.74%	$2M	39.5K
23	VTI Vanguard Total Stk Mkt ETF	ETF	0.71%	$2M	14.4K
24	DUK Duke Energy Corp.	COMMON	0.70%	$2M	27.6K
25	BA Boeing Co.	COMMON	0.69%	$2M	11.8K
26	Peoples United Finl Inc	COMMON	0.67%	$2M	183.6K
27	CHE Chemed Corp.	COMMON	0.65%	$2M	4.5K
28	JNJ Johnson & Johnson	COMMON	0.63%	$2M	14.1K
29	MRK Merck	COMMON	0.63%	$2M	25.6K
30	VTEB Vanguard Muni Bond ETF	ETF	0.61%	$2M	35.7K
31	BRK/B Berkshire Hathaway Cl B	COMMON	0.59%	$2M	10.4K
32	GDX Vaneck Vectors Gold Miners ETF	ETF	0.58%	$2M	49.8K
33	JPM JP Morgan Chase & Co	COMMON	0.57%	$2M	19.2K
34	PG Procter & Gamble	COMMON	0.56%	$2M	14.7K
35	SONY Sony Corp. ADR	ADR	0.56%	$2M	25.5K
36	GLD SPDR Gold Trust ETF	ETF	0.53%	$2M	10.1K
37	QRVO Qorvo Inc	COMMON	0.53%	$2M	15.1K
38	VLO Valero Energy	COMMON	0.51%	$2M	27.6K
39	VTR Ventas REIT Inc	REIT	0.50%	$2M	43.3K
40	CAT Caterpillar	COMMON	0.49%	$2M	12.2K
41	EMR Emerson Electric Co.	COMMON	0.48%	$2M	24.3K
42	Stericycle Inc	COMMON	0.48%	$2M	26.9K
43	WHR Whirlpool	COMMON	0.45%	$1M	10.9K
44	Glaxo Smithkline ADR	ADR	0.44%	$1M	33.7K
45	AZNN AstraZeneca plc ADR	ADR	0.44%	$1M	26.0K
46	MDT Medtronic Inc.	COMMON	0.43%	$1M	14.6K
47	IBM IBM Corp.	COMMON	0.42%	$1M	10.9K
48	Royal Dutch Shell ADR	ADR	0.40%	$1M	38.2K
49	DIS Walt Disney Hldg	COMMON	0.39%	$1M	11.2K
50	VOD Vodafone Group ADR	ADR	0.39%	$1M	77.0K
51	INTC Intel Corp.	COMMON	0.38%	$1M	19.8K
52	ESGV Vanguard ESG US Stock ETF	ETF	0.37%	$1M	20.9K
53	SPDR S&P 500 Fossil Fl Fr ETF	ETF	0.37%	$1M	15.3K
54	WY Weyerhaeuser Company	COMMON	0.36%	$1M	50.2K
55	V Visa Inc	COMMON	0.35%	$1M	5.7K
56	WPP WPP	COMMON	0.35%	$1M	28.3K
57	MCK McKesson Corp.	COMMON	0.35%	$1M	7.2K
58	IBB iShares NASDAQ Biotech ETF	ETF	0.34%	$1M	7.8K
59	THO Thor Industries Inc	COMMON	0.33%	$1M	9.9K
60	BAX Baxter International	COMMON	0.33%	$1M	12.0K
61	WU Western Union Co	COMMON	0.33%	$1M	47.5K
62	BWA Borg Warner Inc	COMMON	0.32%	$1M	29.0K
63	SPY SPDR S&P 500 ETF	ETF	0.32%	$1M	3.3K
64	ABT Abbott Laboratories	COMMON	0.32%	$1M	11.1K
65	Hanesbrands Inc.	COMMON	0.32%	$998,000	88.4K
66	EXMOC Exxon Mobil Corporation	COMMON	0.31%	$991,000	22.2K
67	FDX Fedex Corporation	COMMON	0.31%	$978,000	7.0K
68	ITGR Integer Holdings Corp	COMMON	0.31%	$964,000	13.2K
69	WWW Wolverine World Wide Inc.	COMMON	0.30%	$941,000	39.5K
70	VYX NCR Corporation	COMMON	0.30%	$940,000	54.3K
71	KHC Kraft Heinz Company	COMMON	0.29%	$921,000	28.9K
72	VSGX Vanguard ESG International Stock ETF	ETF	0.28%	$877,000	18.2K
73	FSLR First Solar Inc	COMMON	0.28%	$877,000	17.7K
74	LLY Eli Lilly & Co.	COMMON	0.28%	$870,000	5.3K
75	CVS CVS Corp	COMMON	0.27%	$851,000	13.1K
76	YUMC Yum China Hldgs Inc Com	COMMON	0.27%	$847,000	17.6K
77	SLB Schlumberger Limited	COMMON	0.26%	$807,000	43.9K
78	MKSI M K S Instruments Inc.	COMMON	0.25%	$804,000	7.1K
79	XBI SPDR S&P Biotech ETF	ETF	0.25%	$798,000	7.1K
80	ABBV AbbVie Inc.	COMMON	0.25%	$781,000	8.0K
81	VUG Vanguard Growth ETF	ETF	0.25%	$777,000	3.8K
82	CBU Community Bank System	COMMON	0.24%	$758,000	13.3K
83	LNT Alliant Energy Corp	COMMON	0.24%	$757,000	15.8K
84	MDLZ Mondelez Int'l Inc.	COMMON	0.24%	$752,000	14.7K
85	TRV The Travelers Companies Inc.	COMMON	0.23%	$726,000	6.4K
86	General Electric Co.	COMMON	0.23%	$726,000	106.2K
87	MUNI PIMCO Intermediate Muni Bond ETF	ETF	0.22%	$701,000	12.6K
88	AMKR Amkor Technology Inc	COMMON	0.22%	$693,000	56.3K
89	DGS WisdomTree Emerg Mk SmCap ETF	ETF	0.22%	$683,000	17.5K
90	EWBC East West Bancorp	COMMON	0.22%	$679,000	18.7K
91	SPDR MSCI EAFE Fsl Fuel Fr ETF	ETF	0.21%	$662,000	10.2K
92	HUM Humana	COMMON	0.21%	$660,000	1.7K
93	VOO Vanguard 500 ETF	ETF	0.21%	$652,000	2.3K
94	TIP iShares TIPS Bond ETF	ETF	0.21%	$648,000	5.3K
95	PEP Pepsico, Inc.	COMMON	0.20%	$619,000	4.7K
96	OKE Oneok Inc New	COMMON	0.19%	$597,000	18.0K
97	CVX Chevron Corp.	COMMON	0.19%	$588,000	6.6K
98	HON Honeywell International	COMMON	0.18%	$573,000	4.0K
99	TD Toronto-Dominion Bank	COMMON	0.18%	$572,000	12.8K
100	D Dominion Resources	COMMON	0.18%	$562,000	6.9K

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 ↗.