Managers / Q3 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

$485M

Q3 2023

Positions

420

Filings on Record

2019–present window

Filed

Oct 24, 2023

original filing

Summary

Hanson & Doremus Investment Management reported $485M in U.S.-listed holdings across 420 positions for Q3 2023.

Its largest position, SCHB, represents 19.5% of the portfolio.

Compared with Q2 2023, the fund opened 18 new positions and exited 42.

Portfolio Metrics

Turnover

+13.8%

vs prior filed quarter

Top-10 Concentration

+51.2%

share of reported value

Largest Position

+19.5%

Schwab U S Broad Market Etf

New / Exited

18 / 42

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 · 56.6% · $274M
Common Stock · 39.7% · $192M
ADR · 2.8% · $14M
REIT · 0.6% · $3M
Other · 0.2% · $1M
Other · 0.1% · $247,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

Issuer	Move	Share Δ	Shares now	Value Δ	Value now
ST Sensata Technologies Holding PLC	NEW	+8.1K	8.1K	+$305,000	$305,000
VT Vanguard Total World Stock ETF	NEW	+2.9K	2.9K	+$272,000	$272,000
Brookfield Renewable Corp Ordinary Shares - Class	NEW	+7.7K	7.7K	+$185,000	$185,000
L Loews Corp	NEW	+2.3K	2.3K	+$147,000	$147,000
KVUE Kenvue Inc.	NEW	+7.3K	7.3K	+$146,000	$146,000
GNRC Generac Holdings Inc	NEW	+1.0K	1.0K	+$113,000	$113,000
IRM Iron Mountain Inc REIT	NEW	+475	475	+$28,000	$28,000
CGW Guggenheim S&P Global Water Index	NEW	+534	534	+$25,000	$25,000

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

Holdings — Q3 2023

419 positions

Export to Excel

#	Issuer	Class	% Portfolio	Value ↓	Shares
1	SCHB Schwab U.S. Broad Market ETF history →	ETF	19.53%	$95M	1.90M
2	VGIT Vanguard Intermediate Treasury ETF history →	ETF	6.06%	$29M	514.0K
3	VEA Vanguard Developed Market ETF history →	ETF	5.95%	$29M	659.4K
4	VCIT Vanguard Intermediate Corporate ETF history →	ETF	4.81%	$23M	307.1K
5	VWO Vanguard Emerging Market ETF history →	ETF	3.40%	$16M	419.6K
6	ESGV Vanguard ESG US Stock ETF history →	ETF	2.86%	$14M	184.0K
7	MSFT Microsoft history →	COMMON	2.68%	$13M	41.2K
8	SCHF Schwab Int'l Equity ETF history →	ETF	2.36%	$11M	336.6K
9	VSGX Vanguard ESG International Stock ETF history →	ETF	1.95%	$9M	187.6K
10	GOOGL Alphabet, Inc. Cl A	COMMON	1.64%	$8M	60.6K
11	TSM Taiwan Semiconductor ADR history →	ADR	1.46%	$7M	81.6K
12	SCHW The Charles Schwab Corp.history →	COMMON	1.35%	$7M	119.5K
13	BRK/B Berkshire Hathaway Cl B history →	COMMON	1.24%	$6M	17.2K
14	COST Costco history →	COMMON	1.21%	$6M	10.4K
15	VCEB Vanguard ESG US Corporate Bond ETF history →	ETF	1.14%	$6M	92.7K
16	AAPL Apple Inc.history →	COMMON	1.12%	$5M	31.8K
17	MRK Merck history →	COMMON	1.09%	$5M	51.5K
18	GLW Corning	COMMON	0.92%	$4M	146.0K
19	BND Vanguard Total U.S. Bond Market ETF	ETF	0.89%	$4M	61.5K
20	IWD iShares Russell 1000 Val ETF	ETF	0.85%	$4M	27.1K
21	V Visa Inc	COMMON	0.84%	$4M	17.7K
22	KO Coca-Cola Co	COMMON	0.75%	$4M	65.1K
23	AMZN Amazon.Com	COMMON	0.75%	$4M	28.6K
24	VTEB Vanguard Muni Bond ETF	ETF	0.74%	$4M	74.4K
25	BA Boeing Co.	COMMON	0.73%	$4M	18.6K
26	STX Seagate Technology PLC	COMMON	0.70%	$3M	51.5K
27	CSCO Cisco Systems, Inc.	COMMON	0.69%	$3M	62.6K
28	MDT Medtronic Inc.	COMMON	0.69%	$3M	42.8K
29	SLB Schlumberger Limited	COMMON	0.68%	$3M	56.3K
30	IBM IBM Corp.	COMMON	0.65%	$3M	22.5K
31	VTI Vanguard Total Stk Mkt ETF	ETF	0.64%	$3M	14.6K
32	TRMK Trustmark Corp.	COMMON	0.63%	$3M	139.8K
33	PFE Pfizer Inc.	COMMON	0.62%	$3M	90.9K
34	WPP WPP	COMMON	0.60%	$3M	65.2K
35	DIS Walt Disney Hldg	COMMON	0.60%	$3M	35.7K
36	ROP Roper Industries Inc	COMMON	0.57%	$3M	5.7K
37	Splunk Inc	COMMON	0.55%	$3M	18.4K
38	JPM JP Morgan Chase & Co	COMMON	0.55%	$3M	18.3K
39	EXMOC Exxon Mobil Corporation	COMMON	0.55%	$3M	22.6K
40	HON Honeywell International	COMMON	0.54%	$3M	14.1K
41	CAT Caterpillar	COMMON	0.50%	$2M	8.9K
42	VLO Valero Energy	COMMON	0.49%	$2M	16.9K
43	INGR Ingredion Incorporated	COMMON	0.45%	$2M	22.1K
44	IFF International Flavors & Fragrances Inc	COMMON	0.45%	$2M	31.7K
45	MUNI PIMCO Intermediate Muni Bond ETF	ETF	0.42%	$2M	41.1K
46	JNJ Johnson & Johnson	COMMON	0.42%	$2M	13.2K
47	MCK McKesson Corp.	COMMON	0.42%	$2M	4.7K
48	BMY Bristol Myers	COMMON	0.42%	$2M	35.2K
49	PG Procter & Gamble	COMMON	0.42%	$2M	13.9K
50	BNDX Vanguard Total Int'l Bond Market ETF	ETF	0.41%	$2M	41.7K
51	FSLR First Solar Inc	COMMON	0.41%	$2M	12.3K
52	DD E I DuPont	COMMON	0.41%	$2M	26.4K
53	LLY Eli Lilly & Co.	COMMON	0.39%	$2M	3.5K
54	YUMC Yum China Hldgs Inc Com	COMMON	0.37%	$2M	32.1K
55	CB Chubb Limited	COMMON	0.37%	$2M	8.6K
56	EMR Emerson Electric Co.	COMMON	0.36%	$2M	18.1K
57	GLD SPDR Gold Trust ETF	ETF	0.36%	$2M	10.1K
58	CHE Chemed Corp.	COMMON	0.35%	$2M	3.3K
59	XBI SPDR S&P Biotech ETF	ETF	0.35%	$2M	23.3K
60	NI Nisource Inc.	COMMON	0.35%	$2M	68.9K
61	DUK Duke Energy Corp.	COMMON	0.34%	$2M	18.8K
62	SBUX Starbucks	COMMON	0.34%	$2M	18.0K
63	ATR AptarGroup, Inc	COMMON	0.33%	$2M	12.8K
64	VZ Verizon Communications Inc.	COMMON	0.28%	$1M	42.5K
65	FDX Fedex Corporation	COMMON	0.28%	$1M	5.1K
66	KRC Kilroy Realty Corp REIT	REIT	0.28%	$1M	42.2K
67	VUG Vanguard Growth ETF	ETF	0.27%	$1M	4.8K
68	SPY SPDR S&P 500 ETF	ETF	0.27%	$1M	3.0K
69	SONY Sony Group Corp	COMMON	0.27%	$1M	15.8K
70	VOO Vanguard 500 ETF	ETF	0.25%	$1M	3.1K
71	GDX Vaneck Vectors Gold Miners ETF	ETF	0.25%	$1M	44.4K
72	QRVO Qorvo Inc	COMMON	0.24%	$1M	12.4K
73	ABBV AbbVie Inc.	COMMON	0.24%	$1M	7.8K
74	BSV Vanguard Short-Term Bond ETF	ETF	0.23%	$1M	15.0K
75	ABT Abbott Laboratories	COMMON	0.23%	$1M	11.6K
76	AZNN AstraZeneca plc ADR	ADR	0.22%	$1M	15.4K
77	MTB M&T Bank Corp	COMMON	0.21%	$1M	7.9K
78	APD Air Products & Chemicals Inc.	COMMON	0.19%	$940,000	3.3K
79	VGSH Vanguard Short-Term Treasury ETF	ETF	0.19%	$933,000	16.2K
80	PEP Pepsico, Inc.	COMMON	0.19%	$916,000	5.4K
81	DE Deere & Company	COMMON	0.19%	$905,000	2.4K
82	AMKR Amkor Technology Inc	COMMON	0.18%	$888,000	39.3K
83	COP Conoco Phillips	COMMON	0.18%	$882,000	7.4K
84	SPDR S&P 500 Fossil Fl Fr ETF	ETF	0.16%	$799,000	23.0K
85	MDLZ Mondelez Int'l Inc.	COMMON	0.16%	$782,000	11.3K
86	TRV The Travelers Companies Inc.	COMMON	0.16%	$765,000	4.7K
87	BDX Becton Dickinson & Co	COMMON	0.16%	$752,000	2.9K
88	MCD McDonald's Corp	COMMON	0.16%	$752,000	2.9K
89	CVX Chevron Corp.	COMMON	0.14%	$700,000	4.2K
90	WMT Wal-Mart Stores	COMMON	0.14%	$687,000	4.3K
91	Unilever PLC ADR	ADR	0.14%	$679,000	13.7K
92	IAU Ishares Gold ETF	ETF	0.14%	$677,000	19.4K
93	WY Weyerhaeuser Company	COMMON	0.14%	$661,000	21.6K
94	XYL Xylem Inc	COMMON	0.13%	$642,000	7.0K
95	HD Home Depot	COMMON	0.13%	$627,000	2.1K
96	VIG Vanguard Div Appreciation ETF	ETF	0.13%	$627,000	4.0K
97	ITGR Integer Holdings Corp	COMMON	0.13%	$621,000	7.9K
98	TD Toronto-Dominion Bank	COMMON	0.13%	$616,000	10.2K
99	KHC Kraft Heinz Company	COMMON	0.12%	$581,000	17.3K
100	TIP iShares TIPS Bond ETF	ETF	0.12%	$580,000	5.6K

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 ↗.