SEC 13F Intelligence

Managers / Q1 2023 · 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
$450M
Q1 2023
Positions
455
Filings on Record
30
2019–present window
Filed
Apr 18, 2023
original filing

Summary

Hanson & Doremus Investment Management reported $450M in U.S.-listed holdings across 455 positions for Q1 2023.

Its largest position, SCHB, represents 18.7% of the portfolio.

Compared with Q4 2022, the fund opened 17 new positions and exited 86.

Portfolio Metrics

Turnover
+5.3%
vs prior filed quarter
Top-10 Concentration
+49.8%
share of reported value
Largest Position
+18.7%
Schwab U S Broad Market Etf
New / Exited
17 / 86
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: 55.7%Common Stock: 40.2%ADR: 3.2%REIT: 0.5%Other: 0.3%Other: 0.1%
  • ETP · 55.7% · $251M
  • Common Stock · 40.2% · $181M
  • ADR · 3.2% · $14M
  • REIT · 0.5% · $2M
  • Other · 0.3% · $1M
  • Other · 0.1% · $315,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
KRCKilroy Realty Corp ReitNEW+13.9K13.9K+$449,000$449,000
First Trust Preferred Sec & Inc ETFNEW+12.9K12.9K+$206,000$206,000
GEHCGE HealthcareNEW+1.4K1.4K+$111,000$111,000
AMXAmerica Movil L ADRNEW+3.6K3.6K+$76,000$76,000
JBLJabil Circuit Inc.NEW+690690+$61,000$61,000
FTSLFirst Trust Senior Loan ETFNEW+993993+$45,000$45,000
Pioneer Natural Res CoNEW+177177+$36,000$36,000
NXPINxp SemiconductorsNEW+148148+$28,000$28,000

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

Holdings — Q1 2023

454 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHBSchwab U.S. Broad Market ETFhistory →ETF18.71%$84M1.76M
2BNDVanguard Total U.S. Bond Market ETFhistory →ETF6.87%$31M418.9K
3VEAVanguard Developed Market ETFhistory →ETF5.72%$26M570.2K
4BNDXVanguard Total Int'l Bond Market ETFhistory →ETF3.64%$16M334.5K
5VWOVanguard Emerging Market ETFhistory →ETF3.26%$15M362.8K
6ESGVVanguard ESG US Stock ETFhistory →ETF2.72%$12M170.7K
7SCHFSchwab Int'l Equity ETFhistory →ETF2.68%$12M346.8K
8MSFTMicrosofthistory →COMMON2.67%$12M41.6K
9VSGXVanguard ESG International Stock ETFhistory →ETF1.99%$9M171.1K
10TSMTaiwan Semiconductor ADRhistory →ADR1.58%$7M76.3K
11GOOGAlphabet, Inc Cl CCOMMON1.34%$6M57.9K
12SCHWThe Charles Schwab Corp.history →COMMON1.32%$6M113.6K
13MRKMerckhistory →COMMON1.19%$5M50.3K
14VCEBVanguard ESG US Corporate Bond ETFhistory →ETF1.14%$5M81.9K
15AAPLApple Inc.history →COMMON1.13%$5M30.7K
16GLWCorninghistory →COMMON1.10%$5M140.0K
17BRK/BBerkshire Hathaway Cl Bhistory →COMMON1.09%$5M15.9K
18COSTCostcohistory →COMMON1.08%$5M9.8K
19IWDiShares Russell 1000 Val ETFETF0.93%$4M27.4K
20KOCoca-Cola CoCOMMON0.88%$4M63.6K
21PFEPfizer Inc.COMMON0.84%$4M92.9K
22STXSeagate Technology PLCCOMMON0.82%$4M55.5K
23TRMKTrustmark Corp.COMMON0.77%$3M139.8K
24WPPWPPCOMMON0.76%$3M57.4K
25VVisa IncCOMMON0.75%$3M15.0K
26BABoeing Co.COMMON0.75%$3M15.9K
27CSCOCisco Systems, Inc.COMMON0.74%$3M63.5K
28VTIVanguard Total Stk Mkt ETFETF0.71%$3M15.7K
29SBUXStarbucksCOMMON0.64%$3M27.5K
30MDTMedtronic Inc.COMMON0.61%$3M34.3K
31VTEBVanguard Muni Bond ETFETF0.61%$3M54.5K
32FSLRFirst Solar IncCOMMON0.61%$3M12.5K
33DISWalt Disney HldgCOMMON0.60%$3M26.9K
34IBMIBM Corp.COMMON0.60%$3M20.4K
35AMZNAmazon.ComCOMMON0.57%$3M24.6K
36VGSHVanguard Short-Term Treasury ETFETF0.56%$3M43.1K
37BMYBristol MyersCOMMON0.54%$2M35.0K
38SLBSchlumberger LimitedCOMMON0.53%$2M48.9K
39HONHoneywell InternationalCOMMON0.53%$2M12.5K
40MUNIPIMCO Intermediate Muni Bond ETFETF0.53%$2M45.5K
41VLOValero EnergyCOMMON0.50%$2M16.2K
42ROPRoper Industries IncCOMMON0.49%$2M5.0K
43EXMOCExxon Mobil CorporationCOMMON0.48%$2M19.6K
44JPMJP Morgan Chase & CoCOMMON0.47%$2M16.3K
45JNJJohnson & JohnsonCOMMON0.47%$2M13.5K
46BSVVanguard Short-Term Bond ETFETF0.46%$2M26.9K
47CATCaterpillarCOMMON0.44%$2M8.7K
48VZVerizon Communications Inc.COMMON0.44%$2M50.4K
49DUKDuke Energy Corp.COMMON0.43%$2M20.0K
50PGProcter & GambleCOMMON0.43%$2M12.9K
51CHEChemed Corp.COMMON0.43%$2M3.6K
52GLDSPDR Gold Trust ETFETF0.42%$2M10.3K
53INGRIngredion IncorporatedCOMMON0.41%$2M18.0K
54MCKMcKesson Corp.COMMON0.40%$2M5.1K
55XBISPDR S&P Biotech ETFETF0.38%$2M22.3K
56YUMCYum China Hldgs Inc ComCOMMON0.38%$2M26.7K
57CVSCVS CorpCOMMON0.37%$2M22.7K
58EMREmerson Electric Co.COMMON0.35%$2M18.1K
59Splunk IncCOMMON0.34%$2M16.0K
60SONYSony Group CorpCOMMON0.33%$1M16.5K
61GDXVaneck Vectors Gold Miners ETFETF0.32%$1M44.5K
62DDominion EnergyCOMMON0.31%$1M25.1K
63DDE I DuPontCOMMON0.31%$1M19.2K
64VUGVanguard Growth ETFETF0.30%$1M5.4K
65ABBVAbbVie Inc.COMMON0.29%$1M8.1K
66IFFInternational Flavors & Fragrances IncCOMMON0.28%$1M13.9K
67SPYSPDR S&P 500 ETFETF0.28%$1M3.0K
68QRVOQorvo IncCOMMON0.28%$1M12.3K
69LLYEli Lilly & Co.COMMON0.27%$1M3.5K
70FDXFedex CorporationCOMMON0.26%$1M5.2K
71ABTAbbott LaboratoriesCOMMON0.26%$1M11.6K
72VOOVanguard 500 ETFETF0.26%$1M3.1K
73AZNNAstraZeneca plc ADRADR0.25%$1M16.4K
74MTBM&T Bank CorpCOMMON0.25%$1M9.3K
75DEDeere & CompanyCOMMON0.24%$1M2.6K
76ATRAptarGroup, IncCOMMON0.23%$1M8.9K
77AMKRAmkor Technology IncCOMMON0.22%$1M38.5K
78PEPPepsico, Inc.COMMON0.22%$985,0005.4K
79AGGiShares Lehman Agg Bond Fd ETFETF0.21%$934,0009.4K
80KHCKraft Heinz CompanyCOMMON0.20%$918,00023.7K
81TIPiShares TIPS Bond ETFETF0.20%$878,0008.0K
82TRVThe Travelers Companies Inc.COMMON0.19%$856,0005.0K
83MDLZMondelez Int'l Inc.COMMON0.19%$843,00012.1K
84SPDR S&P 500 Fossil Fl Fr ETFETF0.18%$817,00024.6K
85IAUIshares Gold ETFETF0.17%$778,00020.8K
86BWABorg Warner IncCOMMON0.17%$762,00015.5K
87APDAir Products & Chemicals Inc.COMMON0.17%$748,0002.6K
88WHRWhirlpoolCOMMON0.16%$741,0005.6K
89CVXChevron Corp.COMMON0.16%$706,0004.3K
90COPConoco PhillipsCOMMON0.15%$683,0006.9K
91WYWeyerhaeuser CompanyCOMMON0.15%$671,00022.3K
92ITGRInteger Holdings CorpCOMMON0.15%$670,0008.6K
93HDHome DepotCOMMON0.14%$652,0002.2K
94WMTWal-Mart StoresCOMMON0.14%$652,0004.4K
95TAT&T Inc.COMMON0.14%$644,00033.4K
96Unilever PLC ADRADR0.14%$640,00012.3K
97IBBiShares NASDAQ Biotech ETFETF0.14%$624,0004.8K
98EWBCEast West BancorpCOMMON0.14%$619,00011.2K
99LNTAlliant Energy CorpCOMMON0.14%$612,00011.5K
100VIGVanguard Div Appreciation ETFETF0.14%$611,0004.0K

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 ↗.