Managers / Q3 2022 · 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

$387M

Q3 2022

Positions

512

Filings on Record

2019–present window

Filed

Oct 20, 2022

original filing

Summary

Hanson & Doremus Investment Management reported $387M in U.S.-listed holdings across 512 positions for Q3 2022.

Its largest position, SCHB, represents 18.1% of the portfolio.

Compared with Q2 2022, the fund opened 24 new positions and exited 39.

Portfolio Metrics

Turnover

+2.5%

vs prior filed quarter

Top-10 Concentration

+48.0%

share of reported value

Largest Position

+18.1%

Schwab U S Broad Market Etf

New / Exited

24 / 39

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 · 54.7% · $212M
Common Stock · 41.5% · $161M
ADR · 2.9% · $11M
REIT · 0.6% · $2M
Other · 0.3% · $1M
Other · 0.1% · $241,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
VHT Vanguard Health Care ETF	NEW	+1.1K	1.1K	+$237,000	$237,000
TFI SPDR Nuveen Barclays Muni Bd ETF	NEW	+4.5K	4.5K	+$199,000	$199,000
SCHP Schwab U.S. Tips ETF	NEW	+3.8K	3.8K	+$196,000	$196,000
IGV iShares Expanded Tech-Software Sect ETF	NEW	+508	508	+$127,000	$127,000
EPI WisdomTree India Earnings ETF	NEW	+2.7K	2.7K	+$81,000	$81,000
PGR Progressive Corp	NEW	+647	647	+$75,000	$75,000
CIBR First Trust NASDAQ Cybersecurity ETF	NEW	+1.7K	1.7K	+$66,000	$66,000
SKYY First Trust Cloud Computing ETF	NEW	+1.1K	1.1K	+$64,000	$64,000

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

Holdings — Q3 2022

499 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	SCHB Schwab U.S. Broad Market ETF history →	ETF	18.12%	$70M	1.67M
2	BND Vanguard Total U.S. Bond Market ETF history →	ETF	7.36%	$28M	399.5K
3	VEA Vanguard Developed Market ETF history →	ETF	5.16%	$20M	548.9K
4	BNDX Vanguard Total Int'l Bond Market ETF history →	ETF	3.91%	$15M	317.4K
5	VWO Vanguard Emerging Market ETF history →	ETF	3.13%	$12M	331.5K
6	SCHF Schwab Int'l Equity ETF history →	ETF	2.54%	$10M	349.8K
7	MSFT Microsoft history →	COMMON	2.49%	$10M	41.4K
8	SCHW The Charles Schwab Corp.history →	COMMON	2.07%	$8M	111.5K
9	ESGV Vanguard ESG US Stock ETF history →	ETF	1.86%	$7M	114.6K
10	GOOG Alphabet, Inc Cl C	COMMON	1.39%	$5M	56.1K
11	TSM Taiwan Semiconductor ADR history →	ADR	1.31%	$5M	74.2K
12	VSGX Vanguard ESG International Stock ETF history →	ETF	1.27%	$5M	113.0K
13	AAPL Apple Inc.history →	COMMON	1.22%	$5M	343.0K
14	COST Costco history →	COMMON	1.20%	$5M	9.8K
15	MRK Merck history →	COMMON	1.11%	$4M	49.8K
16	PFE Pfizer Inc.history →	COMMON	1.11%	$4M	97.7K
17	BRK/B Berkshire Hathaway Cl B history →	COMMON	1.02%	$4M	14.8K
18	GLW Corning history →	COMMON	1.00%	$4M	133.4K
19	IWD iShares Russell 1000 Val ETF	ETF	0.96%	$4M	27.4K
20	VCEB Vanguard ESG US Corporate Bond ETF	ETF	0.90%	$3M	58.6K
21	KO Coca-Cola Co	COMMON	0.86%	$3M	59.2K
22	VTI Vanguard Total Stk Mkt ETF	ETF	0.84%	$3M	18.0K
23	STX Seagate Technology PLC	COMMON	0.79%	$3M	57.3K
24	BSV Vanguard Short-Term Bond ETF	ETF	0.71%	$3M	36.7K
25	TRMK Trustmark Corp.	COMMON	0.69%	$3M	86.9K
26	CSCO Cisco Systems, Inc.	COMMON	0.68%	$3M	66.3K
27	JNJ Johnson & Johnson	COMMON	0.62%	$2M	14.6K
28	VTEB Vanguard Muni Bond ETF	ETF	0.62%	$2M	49.7K
29	AMZN Amazon.Com	COMMON	0.62%	$2M	21.2K
30	BMY Bristol Myers	COMMON	0.62%	$2M	33.5K
31	MTB M&T Bank Corp	COMMON	0.60%	$2M	13.2K
32	V Visa Inc	COMMON	0.60%	$2M	13.0K
33	VZ Verizon Communications Inc.	COMMON	0.60%	$2M	60.8K
34	DIS Walt Disney Hldg	COMMON	0.58%	$2M	23.7K
35	WPP WPP	COMMON	0.58%	$2M	54.2K
36	MUNI PIMCO Intermediate Muni Bond ETF	ETF	0.57%	$2M	44.1K
37	MDT Medtronic Inc.	COMMON	0.57%	$2M	27.2K
38	IBM IBM Corp.	COMMON	0.57%	$2M	18.4K
39	DUK Duke Energy Corp.	COMMON	0.55%	$2M	22.9K
40	VGSH Vanguard Short-Term Treasury ETF	ETF	0.55%	$2M	36.6K
41	SBUX Starbucks	COMMON	0.54%	$2M	25.0K
42	HON Honeywell International	COMMON	0.52%	$2M	12.1K
43	CVS CVS Corp	COMMON	0.51%	$2M	20.5K
44	JPM JP Morgan Chase & Co	COMMON	0.50%	$2M	18.4K
45	MCK McKesson Corp.	COMMON	0.48%	$2M	5.5K
46	VLO Valero Energy	ETF	0.47%	$2M	17.1K
47	EXMOC Exxon Mobil Corporation	COMMON	0.46%	$2M	20.6K
48	BA Boeing Co.	COMMON	0.46%	$2M	14.8K
49	SLB Schlumberger Limited	COMMON	0.45%	$2M	48.7K
50	PG Procter & Gamble	COMMON	0.45%	$2M	13.7K
51	FSLR First Solar Inc	COMMON	0.44%	$2M	12.9K
52	GLD SPDR Gold Trust ETF	ETF	0.41%	$2M	10.3K
53	XBI SPDR S&P Biotech ETF	ETF	0.41%	$2M	20.1K
54	ROP Roper Industries Inc	COMMON	0.41%	$2M	4.4K
55	CHE Chemed Corp.	COMMON	0.40%	$2M	3.6K
56	CAT Caterpillar	COMMON	0.38%	$1M	9.0K
57	EMR Emerson Electric Co.	COMMON	0.37%	$1M	19.6K
58	LLY Eli Lilly & Co.	COMMON	0.36%	$1M	4.3K
59	D Dominion Energy	COMMON	0.36%	$1M	20.0K
60	KHC Kraft Heinz Company	COMMON	0.33%	$1M	38.9K
61	TIP iShares TIPS Bond ETF	ETF	0.33%	$1M	12.1K
62	ABBV AbbVie Inc.	COMMON	0.32%	$1M	9.3K
63	SPY SPDR S&P 500 ETF	ETF	0.30%	$1M	3.3K
64	YUMC Yum China Hldgs Inc Com	COMMON	0.30%	$1M	24.9K
65	ABT Abbott Laboratories	COMMON	0.30%	$1M	12.1K
66	LHC Group Inc	COMMON	0.30%	$1M	7.0K
67	SPDR S&P 500 Fossil Fl Fr ETF	ETF	0.29%	$1M	12.8K
68	AGG iShares Lehman Agg Bond Fd ETF	ETF	0.28%	$1M	11.3K
69	INGR Ingredion Incorporated	COMMON	0.28%	$1M	13.4K
70	GDX Vaneck Vectors Gold Miners ETF	ETF	0.28%	$1M	44.6K
71	VUG Vanguard Growth ETF	ETF	0.28%	$1M	5.0K
72	SONY Sony Group Corp	COMMON	0.27%	$1M	16.6K
73	Splunk Inc	COMMON	0.27%	$1M	13.9K
74	QRVO Qorvo Inc	COMMON	0.25%	$974,000	12.3K
75	VOO Vanguard 500 ETF	ETF	0.25%	$974,000	3.0K
76	AZNN AstraZeneca plc ADR	COMMON	0.25%	$961,000	17.5K
77	PEP Pepsico, Inc.	COMMON	0.24%	$938,000	5.7K
78	WHR Whirlpool	COMMON	0.23%	$906,000	6.7K
79	DE Deere & Company	COMMON	0.22%	$866,000	2.6K
80	FDX Fedex Corporation	COMMON	0.22%	$841,000	5.7K
81	DD E I DuPont	COMMON	0.21%	$829,000	16.5K
82	EWBC East West Bancorp	COMMON	0.21%	$814,000	12.1K
83	TRV The Travelers Companies Inc.	COMMON	0.20%	$774,000	5.1K
84	COP Conoco Phillips	COMMON	0.19%	$737,000	7.2K
85	CVX Chevron Corp.	COMMON	0.18%	$683,000	4.8K
86	WY Weyerhaeuser Company	COMMON	0.18%	$683,000	23.9K
87	MDLZ Mondelez Int'l Inc.	COMMON	0.17%	$666,000	12.2K
88	AMKR Amkor Technology Inc	COMMON	0.17%	$664,000	38.9K
89	TD Toronto-Dominion Bank	COMMON	0.17%	$652,000	10.6K
90	IAU Ishares Gold ETF	ETF	0.17%	$645,000	20.5K
91	VTR Ventas REIT Inc	REIT	0.17%	$642,000	16.0K
92	T AT&T Inc.	COMMON	0.16%	$633,000	41.3K
93	EFAX SPDR MSCI EAFE Fsl Fuel Fr ETF	ETF	0.16%	$611,000	10.4K
94	ITGR Integer Holdings Corp	COMMON	0.16%	$608,000	9.8K
95	LNT Alliant Energy Corp	COMMON	0.16%	$607,000	11.5K
96	HUM Humana	COMMON	0.15%	$593,000	1.2K
97	BWA Borg Warner Inc	COMMON	0.15%	$568,000	18.1K
98	IBB iShares NASDAQ Biotech ETF	ETF	0.15%	$567,000	4.8K
99	MCD McDonald's Corp	COMMON	0.15%	$562,000	2.4K
100	ATR AptarGroup, Inc	COMMON	0.14%	$560,000	5.9K

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 ↗.