SEC 13F Intelligence

Managers / Q3 2025 · 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
$794M
Q3 2025
Positions
500
Filings on Record
30
2019–present window
Filed
Oct 15, 2025
original filing

Summary

Hanson & Doremus Investment Management reported $794M in U.S.-listed holdings across 500 positions for Q3 2025.

The portfolio is heavily concentrated: SCHB alone accounts for 21.1% of reported value.

Compared with Q2 2025, the fund opened 57 new positions and exited 31.

Portfolio Metrics

Turnover
+2.2%
vs prior filed quarter
Top-10 Concentration
+57.1%
share of reported value
Largest Position
+21.1%
Schwab U S Broad Market Etf
New / Exited
57 / 31
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: 58.7%Common Stock: 36.9%ADR: 3.5%REIT: 0.7%Other: 0.2%Other: 0.0%
  • ETP · 58.7% · $466M
  • Common Stock · 36.9% · $293M
  • ADR · 3.5% · $28M
  • REIT · 0.7% · $5M
  • Other · 0.2% · $1M
  • Other · 0.0% · $150,000

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CEFAGlobal X S&P Cthlc Vls Dvlpd ex-US ETFNEW+5.7K5.7K+$205,000$205,000
VXUSVanguard Total International Stock ETFNEW+2.5K2.5K+$183,000$183,000
Inspire Corporate Bond ETFNEW+6.5K6.5K+$156,000$156,000
NULGNuveen ESG Large-Cap Growth ETFNEW+762762+$76,000$76,000
Nuveen ESG Large-Cap Value ETFNEW+1.5K1.5K+$67,000$67,000
TRPTransCanada Corp.NEW+1.2K1.2K+$64,000$64,000
DDominion EnergyNEW+514514+$31,000$31,000
SWKStanley Black & DeckerNEW+400400+$30,000$30,000

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

Holdings — Q3 2025

499 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHBSchwab U.S. Broad Market ETFhistory →ETF21.08%$167M6.51M
2VGITVanguard Intermediate Treasury ETFhistory →ETF7.77%$62M1.03M
3VEAVanguard Developed Market ETFhistory →ETF6.01%$48M796.8K
4VCITVanguard Intermediate Corporate ETFhistory →ETF5.88%$47M555.3K
5ESGVVanguard ESG US Stock ETFhistory →ETF3.23%$26M216.6K
6VWOVanguard Emerging Market ETFhistory →ETF3.19%$25M468.0K
7MSFTMicrosofthistory →COMMON3.05%$24M46.8K
8TSMTaiwan Semiconductor ADRhistory →ADR3.03%$24M86.1K
9VSGXVanguard ESG International Stock ETFhistory →ETF2.05%$16M235.0K
10SCHFSchwab Int'l Equity ETFhistory →ETF1.84%$15M627.9K
11GOOGLAlphabet, Inc. Cl ACOMMON1.81%$14M59.2K
12AAPLApple Inc.history →COMMON1.56%$12M48.6K
13SCHWThe Charles Schwab Corp.history →COMMON1.46%$12M121.4K
14GLWCorninghistory →COMMON1.43%$11M138.5K
15VCEBVanguard ESG US Corporate Bond ETFhistory →ETF1.41%$11M174.3K
16COSTCostcohistory →COMMON1.25%$10M10.7K
17STXSeagate Technology PLChistory →COMMON1.14%$9M38.4K
18BRK/BBerkshire Hathaway Cl Bhistory →COMMON1.12%$9M17.7K
19VVisa IncCOMMON0.88%$7M20.4K
20IBMIBM Corp.COMMON0.87%$7M24.6K
21VTEBVanguard Tax-Exempt Bond ETFETF0.80%$6M126.3K
22AMZNAmazon.ComCOMMON0.76%$6M27.5K
23MRKMerckCOMMON0.73%$6M69.5K
24TRMKTrustmark Corp.COMMON0.69%$6M139.4K
25IWDiShares Russell 1000 Val ETFETF0.66%$5M25.6K
26VTIVanguard Total Stk Mkt ETFETF0.65%$5M15.7K
27JPMJP Morgan Chase & CoCOMMON0.63%$5M15.8K
28AVGOBroadcom LtdCOMMON0.62%$5M15.0K
29CBChubb LimitedCOMMON0.58%$5M16.3K
30MDTMedtronic Inc.COMMON0.56%$4M46.7K
31NINisource Inc.COMMON0.54%$4M99.3K
32KRCKilroy Realty Corp REITREIT0.51%$4M95.3K
33CATCaterpillarCOMMON0.48%$4M8.0K
34ABBVAbbVie Inc.COMMON0.47%$4M16.0K
35PFEPfizer Inc.COMMON0.43%$3M134.4K
36CSCOCisco Systems, Inc.COMMON0.43%$3M49.6K
37BABoeing Co.COMMON0.41%$3M15.0K
38HONHoneywell InternationalCOMMON0.41%$3M15.4K
39ROPRoper Industries IncCOMMON0.41%$3M6.5K
40AMGNAmgen IncorporatedCOMMON0.40%$3M11.4K
41EXMOCExxon Mobil CorporationCOMMON0.40%$3M28.0K
42GLDSPDR Gold Trust ETFCOMMON0.39%$3M8.8K
43PGProcter & GambleCOMMON0.38%$3M19.6K
44MUNIPIMCO Intermediate Muni Bond ETFETF0.38%$3M57.2K
45LLYEli Lilly & Co.COMMON0.37%$3M3.8K
46IOTSamsara Inc.COMMON0.36%$3M77.8K
47GDXVaneck Vectors Gold Miners ETFETF0.36%$3M37.3K
48ABTAbbott LaboratoriesCOMMON0.34%$3M20.3K
49KOCoca-Cola CoCOMMON0.33%$3M39.3K
50SLBSchlumberger LimitedCOMMON0.32%$3M74.0K
51VLOValero EnergyCOMMON0.32%$3M14.7K
52JNJJohnson & JohnsonCOMMON0.31%$2M13.2K
53DISWalt Disney HldgCOMMON0.30%$2M21.0K
54ATRAptarGroup, IncCOMMON0.30%$2M17.5K
55VUGVanguard Growth ETFETF0.29%$2M4.8K
56IQVIQVIA Holdings Inc.COMMON0.29%$2M11.9K
57YUMCYum China Hldgs Inc ComCOMMON0.28%$2M52.6K
58NCLHNorwegian Cruise Line Holding LtdCOMMON0.28%$2M91.1K
59PCORProcore Technologies, Inc.COMMON0.27%$2M29.9K
60FSLRFirst Solar IncCOMMON0.27%$2M9.7K
61VOOVanguard 500 ETFETF0.27%$2M3.4K
62SPYSPDR S&P 500 ETFCOMMON0.25%$2M3.0K
63ISRGIntuitive SurgicalCOMMON0.24%$2M4.2K
64MCKMcKesson Corp.COMMON0.23%$2M2.4K
65DUKDuke Energy CorporationCOMMON0.21%$2M13.4K
66SONYSony Group CorpCOMMON0.20%$2M56.2K
67MCDMcDonald's CorpCOMMON0.19%$2M5.0K
68SPDR S&P 500 Fossil Fl Fr ETFCOMMON0.18%$1M26.5K
69NVDANvidia CorpCOMMON0.18%$1M7.7K
70CHEChemed Corp.COMMON0.18%$1M3.2K
71EMREmerson Electric Co.COMMON0.17%$1M10.3K
72TRVThe Travelers Companies Inc.COMMON0.17%$1M4.8K
73AXPAmerican Express CompanyCOMMON0.17%$1M4.0K
74WMTWal-Mart StoresCOMMON0.17%$1M12.8K
75DEDeere & CompanyCOMMON0.15%$1M2.6K
76GE AerospaceCOMMON0.15%$1M3.9K
77XYLXylem IncCOMMON0.15%$1M7.9K
78DOVDover CorporationCOMMON0.14%$1M6.8K
79HDHome DepotCOMMON0.13%$1M2.6K
80VZVerizon Communications Inc.COMMON0.13%$1M23.7K
81AZNNAstraZeneca plc ADRADR0.12%$984,00012.8K
82IAUIshares Gold ETFETF0.12%$979,00013.5K
83PEPPepsico, Inc.COMMON0.12%$966,0006.9K
84CVXChevron Corp.COMMON0.12%$958,0006.2K
85AMKRAmkor Technology IncCOMMON0.12%$942,00033.2K
86EWBCEast West BancorpCOMMON0.11%$873,0008.2K
87MTBM&T Bank CorpCOMMON0.11%$846,0004.3K
88FDXFedex CorporationCOMMON0.11%$840,0003.6K
89ETNEaton Corp.COMMON0.10%$805,0002.1K
90BMYBristol MyersCOMMON0.10%$786,00017.4K
91APDAir Products & Chemicals Inc.COMMON0.10%$757,0002.8K
92MKSIM K S Instruments Inc.COMMON0.09%$743,0006.0K
93COPConoco PhillipsCOMMON0.09%$736,0007.8K
94IVViShares S&P 500 Index ETFETF0.09%$724,0001.1K
95Brookfield Renewable Corp Ordinary Shares - ClassCOMMON0.09%$714,00020.7K
96XLKSector SPDR Tech Select SharesTF0.09%$709,0002.5K
97TJXTJX Companies IncCOMMON0.09%$707,0004.9K
98LNTAlliant Energy CorpCOMMON0.08%$671,00010.0K
99TTTrane Technologies PLCCOMMON0.08%$650,0001.5K
100GNRCGenerac Holdings IncCOMMON0.08%$621,0003.7K

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 ↗.