SEC 13F Intelligence

Managers / Q4 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
$832M
Q4 2025
Positions
484
Filings on Record
30
2019–present window
Filed
Jan 20, 2026
original filing

Summary

Hanson & Doremus Investment Management reported $832M in U.S.-listed holdings across 484 positions for Q4 2025.

The portfolio is heavily concentrated: SCHB alone accounts for 22.1% of reported value.

Compared with Q3 2025, the fund opened 24 new positions and exited 40.

Portfolio Metrics

Turnover
+1.8%
vs prior filed quarter
Top-10 Concentration
+58.3%
share of reported value
Largest Position
+22.1%
Schwab U S Broad Market Etf
New / Exited
24 / 40
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: 59.8%Common Stock: 36.0%ADR: 3.5%REIT: 0.6%Other: 0.1%Other: 0.0%
  • ETP · 59.8% · $497M
  • Common Stock · 36.0% · $299M
  • ADR · 3.5% · $29M
  • REIT · 0.6% · $5M
  • Other · 0.1% · $1M
  • Other · 0.0% · $151,000

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NNNNational Retail Pptys REITNEW+4.7K4.7K+$187,000$187,000
QQnity Electronics, Inc.NEW+1.5K1.5K+$120,000$120,000
SOLSSolstice Advanced Materials, Inc.NEW+810810+$39,000$39,000
MICCThe Magnum Ice Cream Company N.V.NEW+1.1K1.1K+$17,000$17,000
SOLVSolventum CorporationNEW+175175+$14,000$14,000
SBGSYSchneider ElectricNEW+227227+$12,000$12,000
XLGGuggenheim ETFNEW+105105+$6,000$6,000
LENLennar Corp. Cl ANEW+4848+$5,000$5,000

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

Holdings — Q4 2025

483 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHBSchwab U.S. Broad Market ETFhistory →ETF22.09%$184M7.01M
2VGITVanguard Intermediate Treasury ETFhistory →ETF8.05%$67M1.12M
3VEAVanguard Developed Market ETFhistory →ETF6.11%$51M813.9K
4VCITVanguard Intermediate Corporate ETFhistory →ETF5.99%$50M594.8K
5ESGVVanguard ESG US Stock ETFhistory →ETF3.15%$26M216.4K
6VWOVanguard Emerging Market ETFhistory →ETF3.10%$26M480.2K
7TSMTaiwan Semiconductor ADRhistory →ADR3.00%$25M82.1K
8MSFTMicrosofthistory →COMMON2.62%$22M45.0K
9GOOGLAlphabet, Inc. Cl ACOMMON2.17%$18M57.6K
10VSGXVanguard ESG International Stock ETFhistory →ETF2.02%$17M234.5K
11SCHFSchwab Int'l Equity ETFhistory →ETF1.80%$15M623.3K
12AAPLApple Inc.history →COMMON1.55%$13M47.4K
13VCEBVanguard ESG US Corporate Bond ETFhistory →ETF1.45%$12M189.8K
14SCHWThe Charles Schwab Corp.history →COMMON1.44%$12M119.6K
15GLWCorninghistory →COMMON1.42%$12M135.3K
16STXSeagate Technology PLChistory →COMMON1.19%$10M35.9K
17COSTCostcohistory →COMMON1.06%$9M10.3K
18BRK/BBerkshire Hathaway Cl Bhistory →COMMON1.06%$9M17.6K
19VVisa IncCOMMON0.86%$7M20.5K
20IBMIBM Corp.COMMON0.85%$7M23.9K
21VTEBVanguard Tax-Exempt Bond ETFETF0.83%$7M136.9K
22AMZNAmazon.ComCOMMON0.75%$6M26.9K
23MRKMerckCOMMON0.74%$6M58.6K
24CBChubb LimitedCOMMON0.70%$6M18.7K
25TRMKTrustmark Corp.COMMON0.65%$5M139.4K
26IWDiShares Russell 1000 Val ETFETF0.65%$5M25.7K
27VTIVanguard Total Stk Mkt ETFETF0.62%$5M15.3K
28AVGOBroadcom LtdCOMMON0.61%$5M14.6K
29JPMJP Morgan Chase & CoCOMMON0.59%$5M15.2K
30CATCaterpillarCOMMON0.55%$5M7.9K
31MDTMedtronic Inc.COMMON0.53%$4M46.3K
32NINisource Inc.COMMON0.50%$4M99.3K
33LLYEli Lilly & Co.COMMON0.48%$4M3.7K
34CSCOCisco Systems, Inc.COMMON0.45%$4M48.8K
35ABBVAbbVie Inc.COMMON0.44%$4M16.0K
36AMGNAmgen IncorporatedCOMMON0.43%$4M11.0K
37GLDSPDR Gold Trust ETFETF0.42%$3M8.7K
38KRCKilroy Realty Corp REITREIT0.41%$3M92.2K
39BABoeing Co.COMMON0.41%$3M15.7K
40PFEPfizer Inc.COMMON0.39%$3M129.2K
41EXMOCExxon Mobil CorporationCOMMON0.38%$3M26.3K
42MUNIPIMCO Intermediate Muni Bond ETFETF0.36%$3M57.1K
43HONHoneywell InternationalCOMMON0.36%$3M15.3K
44SLBSchlumberger LimitedCOMMON0.36%$3M77.7K
45JNJJohnson & JohnsonCOMMON0.34%$3M13.8K
46IQVIQVIA Holdings Inc.COMMON0.34%$3M12.5K
47ISRGIntuitive SurgicalCOMMON0.34%$3M4.9K
48IOTSamsara Inc.COMMON0.33%$3M77.9K
49PGProcter & GambleCOMMON0.33%$3M19.2K
50KOCoca-Cola CoCOMMON0.32%$3M38.1K
51ROPRoper Industries IncCOMMON0.32%$3M5.9K
52ABTAbbott LaboratoriesCOMMON0.31%$3M20.7K
53FSLRFirst Solar IncCOMMON0.31%$3M9.9K
54YUMCYum China Hldgs Inc ComCOMMON0.30%$2M52.1K
55VLOValero EnergyCOMMON0.28%$2M14.5K
56VUGVanguard Growth ETFETF0.28%$2M4.8K
57PCORProcore Technologies, Inc.COMMON0.27%$2M30.8K
58GDXVaneck Vectors Gold Miners ETFETF0.27%$2M26.1K
59VOOVanguard 500 ETFETF0.26%$2M3.5K
60ATRAptarGroup, IncCOMMON0.26%$2M17.5K
61SPYSPDR S&P 500 ETFETF0.24%$2M3.0K
62NCLHNorwegian Cruise Line Holding LtdCOMMON0.24%$2M90.9K
63XYLXylem IncCOMMON0.23%$2M14.2K
64MCKMcKesson Corp.COMMON0.22%$2M2.2K
65DISWalt Disney HldgCOMMON0.21%$2M15.0K
66GE AerospaceCOMMON0.18%$2M4.9K
67MCDMcDonald's CorpCOMMON0.18%$2M4.9K
68DUKDuke Energy CorporationCOMMON0.18%$1M12.7K
69AXPAmerican Express CompanyCOMMON0.18%$1M4.0K
70SONYSony Group CorpCOMMON0.17%$1M56.2K
71SPDR S&P 500 Fossil Fl Fr ETFETF0.17%$1M25.5K
72WMTWal-Mart StoresCOMMON0.17%$1M12.8K
73NVDANvidia CorpCOMMON0.17%$1M7.6K
74CHEChemed Corp.COMMON0.16%$1M3.1K
75DOVDover CorporationCOMMON0.16%$1M6.8K
76EMREmerson Electric Co.COMMON0.16%$1M10.0K
77TRVThe Travelers Companies Inc.COMMON0.15%$1M4.3K
78AMKRAmkor Technology IncCOMMON0.15%$1M30.6K
79AZNNAstraZeneca plc ADRADR0.14%$1M12.4K
80IAUIshares Gold ETFETF0.13%$1M12.8K
81FDXFedex CorporationCOMMON0.12%$1M3.5K
82BMYBristol MyersCOMMON0.12%$1M18.6K
83PEPPepsico, Inc.COMMON0.12%$984,0006.9K
84MKSIM K S Instruments Inc.COMMON0.12%$960,0006.0K
85CVXChevron Corp.COMMON0.11%$917,0006.0K
86DEDeere & CompanyCOMMON0.11%$911,0002.0K
87HDHome DepotCOMMON0.11%$908,0002.6K
88EWBCEast West BancorpCOMMON0.11%$893,0007.9K
89VZVerizon Communications Inc.COMMON0.10%$855,00021.0K
90MTBM&T Bank CorpCOMMON0.10%$841,0004.2K
91VIGVanguard Div Appreciation ETFETF0.09%$776,0003.5K
92Brookfield Renewable Corp Ordinary Shares - ClassCOMMON0.09%$767,00020.0K
93TJXTJX Companies IncCOMMON0.09%$749,0004.9K
94XLKSector SPDR Tech Select SharesETF0.09%$722,0005.0K
95DGROiShares Core Dividend Growth ETFETF0.09%$712,00010.3K
96COPConoco PhillipsCOMMON0.08%$685,0007.3K
97GEVGE Vernova Inc.COMMON0.08%$685,0001.0K
98INTCIntel Corp.COMMON0.08%$681,00018.5K
99ETNEaton Corp.COMMON0.08%$667,0002.1K
100CATHGlobal X S&P 500 Catholic Values ETFETF0.08%$648,0007.9K

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 ↗.