SEC 13F Intelligence

Managers / Q4 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
$465M
Q4 2022
Positions
524
Filings on Record
30
2019–present window
Filed
Jan 18, 2023
original filing

Summary

Hanson & Doremus Investment Management reported $465M in U.S.-listed holdings across 524 positions for Q4 2022.

Its largest position, SCHB, represents 17.2% of the portfolio.

Compared with Q3 2022, the fund opened 62 new positions and exited 50.

Portfolio Metrics

Turnover
+1.6%
vs prior filed quarter
Top-10 Concentration
+46.5%
share of reported value
Largest Position
+17.2%
Schwab U S Broad Market Etf
New / Exited
62 / 50
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
Q4 ’18: $277MQ4 ’18Q1 ’19: $304MQ2 ’19: $315MQ3 ’19: $322MQ4 ’19: $349MQ4 ’19Q1 ’20: $294MQ2 ’20: $316MQ3 ’20: $335MQ4 ’20: $402MQ4 ’20Q1 ’21: $432MQ2 ’21: $335MQ3 ’21: $433MQ4 ’21: $467MQ4 ’21Q1 ’22: $465MQ2 ’22: $409MQ3 ’22: $387MQ4 ’22: $465MQ4 ’22Q1 ’23: $450MQ2 ’23: $481MQ3 ’23: $485MQ4 ’23: $530MQ4 ’23Q1 ’24: $580MQ2 ’24: $597MQ3 ’24: $630MQ4 ’24: $639MQ4 ’24Q1 ’25: $685MQ2 ’25: $748MQ3 ’25: $794MQ4 ’25: $832MQ4 ’25Q1 ’26: $869Mfilingsflow.com

Portfolio Composition

By security type
ETP: 51.6%Common Stock: 44.2%ADR: 2.9%Other: 0.7%REIT: 0.5%Other: 0.1%
  • ETP · 51.6% · $240M
  • Common Stock · 44.2% · $205M
  • ADR · 2.9% · $13M
  • Other · 0.7% · $3M
  • REIT · 0.5% · $2M
  • Other · 0.1% · $355,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Berkshire Hathaway 1/100thNEW+300300+$1M$1M
IFFInternational Flavors & Fragrances IncNEW+8.8K8.8K+$927,000$927,000
GENNortonLifeLock IncNEW+13.9K13.9K+$299,000$299,000
UNMUnum Provident Corp.NEW+3.6K3.6K+$146,000$146,000
Flex Ltd.NEW+4.0K4.0K+$87,000$87,000
TEXTerex CorpNEW+1.6K1.6K+$67,000$67,000
LVMH Moet Hennessy Louis Vuitton SENEW+8585+$62,000$62,000
TRPTransCanada Corp.NEW+1.5K1.5K+$61,000$61,000

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

Holdings — Q4 2022

499 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHBSchwab U.S. Broad Market ETFhistory →ETF17.25%$80M1.79M
2BNDVanguard Total U.S. Bond Market ETFhistory →ETF6.62%$31M428.2K
3VEAVanguard Developed Market ETFhistory →ETF5.44%$25M602.3K
4BNDXVanguard Total Int'l Bond Market ETFhistory →ETF3.45%$16M338.1K
5VWOVanguard Emerging Market ETFhistory →ETF3.09%$14M367.7K
6MSFTMicrosofthistory →COMMON2.47%$11M47.9K
7SCHFSchwab Int'l Equity ETFhistory →ETF2.41%$11M348.1K
8SCHWThe Charles Schwab Corp.history →COMMON2.15%$10M119.9K
9ESGVVanguard ESG US Stock ETFhistory →ETF2.04%$9M143.6K
10VSGXVanguard ESG International Stock ETFhistory →ETF1.57%$7M147.8K
11MRKMerckhistory →COMMON1.39%$6M58.0K
12TSMTaiwan Semiconductor ADRhistory →ADR1.36%$6M85.1K
13BRK/BBerkshire Hathaway Cl Bhistory →COMMON1.29%$6M19.3K
14GOOGAlphabet, Inc Cl CCOMMON1.25%$6M65.4K
15PFEPfizer Inc.history →COMMON1.21%$6M109.7K
16COSTCostcohistory →COMMON1.19%$6M12.1K
17GLWCorninghistory →COMMON1.05%$5M153.1K
18TRMKTrustmark Corp.history →COMMON1.05%$5M139.8K
19KOCoca-Cola Cohistory →COMMON1.03%$5M75.2K
20AAPLApple Inc.COMMON0.98%$5M35.1K
21VCEBVanguard ESG US Corporate Bond ETFETF0.93%$4M71.2K
22IWDiShares Russell 1000 Val ETFETF0.90%$4M27.4K
23CSCOCisco Systems, Inc.COMMON0.82%$4M79.9K
24VTIVanguard Total Stk Mkt ETFETF0.79%$4M19.3K
25BABoeing Co.COMMON0.71%$3M17.3K
26IBMIBM Corp.COMMON0.70%$3M23.0K
27STXSeagate Technology PLCCOMMON0.69%$3M60.6K
28VVisa IncCOMMON0.67%$3M14.9K
29JPMJP Morgan Chase & CoCOMMON0.63%$3M21.9K
30JNJJohnson & JohnsonCOMMON0.63%$3M16.5K
31EXMOCExxon Mobil CorporationCOMMON0.62%$3M26.0K
32WPPWPPCOMMON0.61%$3M57.8K
33SBUXStarbucksCOMMON0.58%$3M27.3K
34BMYBristol MyersCOMMON0.58%$3M37.3K
35EMREmerson Electric Co.COMMON0.57%$3M27.8K
36SLBSchlumberger LimitedCOMMON0.56%$3M48.6K
37HONHoneywell InternationalCOMMON0.56%$3M12.1K
38PGProcter & GambleCOMMON0.55%$3M17.0K
39BSVVanguard Short-Term Bond ETFETF0.55%$3M34.2K
40VTEBVanguard Muni Bond ETFETF0.54%$3M50.7K
41MDTMedtronic Inc.COMMON0.53%$2M31.5K
42VGSHVanguard Short-Term Treasury ETFETF0.51%$2M40.8K
43VZVerizon Communications Inc.COMMON0.51%$2M59.6K
44DUKDuke Energy Corp.COMMON0.50%$2M22.6K
45CVSCVS CorpCOMMON0.50%$2M24.9K
46DISWalt Disney HldgCOMMON0.47%$2M25.3K
47MUNIPIMCO Intermediate Muni Bond ETFETF0.47%$2M42.8K
48VLOValero EnergyCOMMON0.47%$2M17.3K
49CATCaterpillarCOMMON0.46%$2M9.0K
50CHEChemed Corp.COMMON0.46%$2M4.2K
51AMZNAmazon.ComCOMMON0.45%$2M24.7K
52FSLRFirst Solar IncCOMMON0.44%$2M13.6K
53ROPRoper Industries IncCOMMON0.43%$2M4.6K
54MCKMcKesson Corp.COMMON0.43%$2M5.3K
55MTBM&T Bank CorpCOMMON0.41%$2M13.1K
56ABTAbbott LaboratoriesCOMMON0.41%$2M17.4K
57XBISPDR S&P Biotech ETFETF0.39%$2M22.0K
58INGRIngredion IncorporatedCOMMON0.39%$2M18.5K
59GLDSPDR Gold Trust ETFETF0.38%$2M10.3K
60SPYSPDR S&P 500 ETFETF0.35%$2M4.3K
61DDominion EnergyCOMMON0.33%$2M25.1K
62TDToronto-Dominion BankCOMMON0.33%$2M23.6K
63YUMCYum China Hldgs Inc ComCOMMON0.32%$1M27.2K
64Berkshire Hathaway 1/100thCOMMON0.30%$1M300
65ABBVAbbVie Inc.COMMON0.30%$1M8.7K
66APDAir Products & Chemicals Inc.COMMON0.30%$1M4.5K
67DEDeere & CompanyCOMMON0.29%$1M3.1K
68LLYEli Lilly & Co.COMMON0.28%$1M3.5K
69GDXVaneck Vectors Gold Miners ETFETF0.28%$1M45.0K
70Splunk IncCOMMON0.28%$1M14.9K
71SONYSony Group CorpCOMMON0.27%$1M16.6K
72DDE I DuPontCOMMON0.27%$1M18.2K
73VUGVanguard Growth ETFETF0.25%$1M5.4K
74VOOVanguard 500 ETFETF0.24%$1M3.2K
75AZNNAstraZeneca plc ADRADR0.24%$1M16.7K
76QRVOQorvo IncCOMMON0.24%$1M12.5K
77LHC Group IncCOMMON0.24%$1M7.0K
78KHCKraft Heinz CompanyCOMMON0.24%$1M27.4K
79TRVThe Travelers Companies Inc.COMMON0.24%$1M5.9K
80WMTWal-Mart StoresCOMMON0.24%$1M7.8K
81SPDR S&P 500 Fossil Fl Fr ETFETF0.23%$1M11.3K
82AGGiShares Lehman Agg Bond Fd ETFETF0.23%$1M10.8K
83PEPPepsico, Inc.COMMON0.22%$1M5.8K
84WHRWhirlpoolCOMMON0.22%$1M7.3K
85AMKRAmkor Technology IncCOMMON0.21%$980,00040.9K
86NSCNorfolk SouthernCOMMON0.21%$971,0003.9K
87CVXChevron Corp.COMMON0.21%$969,0005.4K
88TIPiShares TIPS Bond ETFETF0.20%$950,0008.9K
89FDXFedex CorporationCOMMON0.20%$938,0005.4K
90IFFInternational Flavors & Fragrances IncCOMMON0.20%$927,0008.8K
91MDLZMondelez Int'l Inc.COMMON0.20%$923,00013.8K
92TSLATesla MotorsCOMMON0.20%$922,0007.5K
93COPConoco PhillipsCOMMON0.20%$917,0007.8K
94Unilever PLC ADRADR0.20%$914,00018.2K
95NEENextera EnergyCOMMON0.19%$881,00010.5K
96EWBCEast West BancorpCOMMON0.18%$854,00013.0K
97WYWeyerhaeuser CompanyCOMMON0.18%$814,00026.2K
98ATRAptarGroup, IncCOMMON0.16%$746,0006.8K
99CSXCSX CorpCOMMON0.16%$738,00023.8K
100INTCIntel Corp.COMMON0.16%$727,00027.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$869M534Apr 17, 202613F-HRchanges · EDGAR ↗
Q4 2025$832M484Jan 20, 202613F-HRchanges · EDGAR ↗
Q3 2025$794M500Oct 15, 202513F-HRchanges · EDGAR ↗
Q2 2025$748M474Jul 17, 202513F-HRchanges · EDGAR ↗
Q1 2025$685M467Apr 17, 202513F-HRchanges · EDGAR ↗
Q4 2024$639M453Jan 23, 202513F-HRchanges · EDGAR ↗
Q3 2024$630M422Oct 17, 202413F-HRchanges · EDGAR ↗
Q2 2024$597M454Aug 8, 202413F-HRchanges · EDGAR ↗
Q1 2024$580M472Apr 22, 202413F-HRchanges · EDGAR ↗
Q4 2023$530M472Jan 25, 202413F-HRchanges · EDGAR ↗
Q3 2023$485M420Oct 24, 202313F-HRchanges · EDGAR ↗
Q2 2023$481M444Jul 18, 202313F-HRchanges · EDGAR ↗
Q1 2023$450M455Apr 18, 202313F-HRchanges · EDGAR ↗
Q4 2022$465M524Jan 18, 202313F-HRchanges · EDGAR ↗
Q3 2022$387M512Oct 20, 202213F-HRchanges · EDGAR ↗
Q2 2022$409M527Jul 19, 202213F-HRchanges · EDGAR ↗
Q1 2022$465M508Apr 22, 202213F-HRchanges · EDGAR ↗
Q4 2021$467M494Jan 20, 202213F-HRchanges · EDGAR ↗
Q3 2021$433M486Oct 21, 202113F-HRchanges · EDGAR ↗
Q2 2021$335M415Jul 22, 202113F-HRchanges · EDGAR ↗
Q1 2021$432M532May 3, 202113F-HRchanges · EDGAR ↗
Q4 2020$402M435Feb 1, 202113F-HRchanges · EDGAR ↗
Q3 2020$335M415Oct 19, 202013F-HRchanges · EDGAR ↗
Q2 2020$316M434Jul 17, 202013F-HRchanges · EDGAR ↗
Q1 2020$294M452Apr 24, 202013F-HRchanges · EDGAR ↗
Q4 2019$349M449Jan 16, 202013F-HRchanges · EDGAR ↗
Q3 2019$322M452Oct 18, 201913F-HRchanges · EDGAR ↗
Q2 2019$315M471Jul 18, 201913F-HRchanges · EDGAR ↗
Q1 2019$304M450Apr 23, 201913F-HRchanges · EDGAR ↗
Q4 2018$277M451Jan 31, 201913F-HRchanges · 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 ↗.