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Asset Manager ← All Institutions

Hanson & Doremus Investment Management

431 PINE STREET, SUITE 302 PO BOX 819, BURLINGTON, VT 05402-0819 • 802-658-2668

Q3 2025 · Filed 2025-10-15
Market Value
$792M
+6.3%
Holdings
516
+35
New Purchases
53
Added To
108
Closed
28
Reduced
138
Top 10 Concentration
57.3%
Turnover
15.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SCHB 21.15% 20.49% +0.66% $167M
GLW 1.44% 1.01% +0.42% $11M
STX 1.15% 0.81% +0.34% $9M
TSM 3.04% 2.76% +0.27% $24M
VGIT 7.80% 7.57% +0.23% $62M
GOOGL 1.04% 0.85% +0.19% $8M
AAPL 1.56% 1.41% +0.15% $12M
GOOG 0.78% 0.64% +0.14% $6M
VCIT 5.90% 5.78% +0.12% $47M
VWO 3.20% 3.09% +0.11% $25M
VTEB 0.80% 0.71% +0.08% $6M
ABBV 0.47% 0.40% +0.07% $4M
AVGO 0.63% 0.57% +0.06% $5M
GDX 0.36% 0.31% +0.05% $3M
FSLR 0.27% 0.23% +0.04% $2M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DIS 0.30% 0.78% -0.47% $2M
COST 1.25% 1.46% -0.20% $10M
MSFT 3.06% 3.25% -0.18% $24M
MRK 0.74% 0.91% -0.17% $6M
V 0.88% 1.05% -0.17% $7M
IBM 0.88% 1.01% -0.13% $7M
AMZN 0.76% 0.89% -0.13% $6M
HON 0.41% 0.51% -0.10% $3M
ROP 0.41% 0.50% -0.10% $3M
SCHF 1.85% 1.94% -0.09% $15M
ATR 0.30% 0.38% -0.08% $2M
IOT 0.37% 0.44% -0.08% $3M
SCHW 1.46% 1.53% -0.07% $12M
CSCO 0.43% 0.50% -0.07% $3M
XOM 0.40% 0.47% -0.07% $3M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 65.3%
Technology 13.8%
Healthcare 5.5%
Industrials 4.1%
Consumer Defensive 2.9%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 68 $233M 29.4%
Large Cap 350 $502M 63.4%
Mid Cap 60 $43M 5.5%
Small Cap 30 $14M 1.7%
Micro Cap 8 $362K 0.0%

Portfolio Analytics

Avg Market Cap
$157.1B
Median Market Cap
$47.0B
Avg P/E
31.4
Median P/E
23.9
Avg Dividend Yield
0.03%
Avg Beta
0.90
# Stocks
364
# ETFs / Funds
152

Top Holdings (516 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SCHB 21.15% 6,514,057 $167M $25.71 $15M +107,961 +1.7%
2 VGIT 7.80% 1,028,666 $62M $60.03 $5M +86,146 +9.1%
3 VEA 6.03% 796,784 $48M $59.92 $2M +1,966 +0.2%
4 VCIT 5.90% 555,347 $47M $84.11 $4M +36,123 +7.0%
5 ESGV 3.24% 216,603 $26M $118.44 $1M -4,651 -2.1%
6 VWO 3.20% 467,972 $25M $54.18 $2M +2,369 +0.5%
7 MSFT 3.06% 46,845 $24M $517.94 $64K -1,804 -3.7%
8 TSM 3.04% 86,091 $24M $279.29 $3M -4,805 -5.3%
9 VSGX 2.06% 235,045 $16M $69.37 $959K +760 +0.3%
10 SCHF 1.85% 627,888 $15M $23.28 $188K -25,027 -3.8%
11 AAPL 1.56% 48,585 $12M $254.63 $2M -2,651 -5.2%
12 SCHW 1.46% 121,397 $12M $95.47 $163K -3,841 -3.1%
13 GLW 1.44% 138,516 $11M $82.03 $4M -5,245 -3.6%
14 VCEB 1.41% 174,335 $11M $64.20 $727K +9,277 +5.6%
15 COST 1.25% 10,729 $10M $925.62 -$920K -232 -2.1%
16 STX 1.15% 38,432 $9M $236.05 $3M -3,306 -7.9%
17 BRK-B 1.13% 17,745 $9M $502.73 $97K -420 -2.3%
18 GOOGL 1.04% 33,758 $8M $243.11 $2M -2,189 -6.1%
19 V 0.88% 20,427 $7M $341.36 -$853K -1,615 -7.3%
20 IBM 0.88% 24,574 $7M $282.17 -$590K -951 -3.7%
21 VTEB 0.80% 126,275 $6M $50.07 $1M +17,725 +16.3%
22 GOOG 0.78% 25,480 $6M $243.56 $1M -1,406 -5.2%
23 AMZN 0.76% 27,526 $6M $219.57 -$594K -2,732 -9.0%
24 MRK 0.74% 69,462 $6M $83.93 -$957K -16,277 -19.0%
25 TRMK 0.70% 139,397 $6M $39.60 $423K -391 -0.3%
26 IWD 0.66% 25,642 $5M $203.57 -$111K -1,805 -6.6%
27 VTI 0.65% 15,727 $5M $328.16 $479K +323 +2.1%
28 JPM 0.63% 15,829 $5M $315.43 $14K -1,345 -7.8%
29 AVGO 0.63% 15,026 $5M $329.89 $735K -292 -1.9%
30 CB 0.58% 16,257 $5M $282.28 $483K +2,084 +14.7%
31 MDT 0.56% 46,698 $4M $95.25 $102K -3,154 -6.3%
32 NI 0.54% 99,258 $4M $43.30 -$234K -13,087 -11.7%
33 KRC 0.51% 95,301 $4M $42.25 $381K -10,925 -10.3%
34 CAT 0.48% 8,036 $4M $477.10 $524K -490 -5.8%
35 ABBV 0.47% 16,027 $4M $231.55 $755K +103 +0.7%
36 PFE 0.43% 134,385 $3M $25.48 -$141K -12,705 -8.6%
37 CSCO 0.43% 49,628 $3M $68.43 -$320K -3,933 -7.3%
38 BA 0.41% 15,043 $3M $215.85 -$17K -536 -3.4%
39 HON 0.41% 15,406 $3M $210.50 -$570K -968 -5.9%
40 ROP 0.41% 6,459 $3M $498.68 -$523K -145 -2.2%
41 AMGN 0.40% 11,357 $3M $282.20 $37K +10 +0.1%
42 XOM 0.40% 28,037 $3M $112.74 -$307K -4,131 -12.8%
43 GLD 0.39% 8,760 $3M $355.48 $298K -479 -5.2%
44 PG 0.38% 19,551 $3M $153.65 -$247K -853 -4.2%
45 MUNI 0.38% 57,215 $3M $52.28 $44K -157 -0.3%
46 LLY 0.37% 3,834 $3M $762.91 -$63K +1 +0.0%
47 IOT 0.37% 77,825 $3M $37.25 -$413K -5,436 -6.5%
48 GDX 0.36% 37,259 $3M $76.41 $530K -7,250 -16.3%
49 ABT 0.34% 20,315 $3M $133.94 -$45K -25 -0.1%
50 KO 0.33% 39,286 $3M $66.31 -$171K +56 +0.1%
51 SLB 0.32% 74,008 $3M $34.37 $120K +2,279 +3.2%
52 VLO 0.32% 14,719 $3M $170.26 $413K -850 -5.5%
53 JNJ 0.31% 13,233 $2M $185.45 $430K -18 -0.1%
54 DIS 0.30% 21,032 $2M $114.49 -$3M -25,758 -55.0%
55 ATR 0.30% 17,541 $2M $133.69 -$476K -492 -2.7%
56 VUG 0.29% 4,766 $2M $479.65 $137K -135 -2.8%
57 IQV 0.29% 11,944 $2M $189.97 $394K +43 +0.4%
58 YUMC 0.29% 52,633 $2M $42.92 -$328K -5,236 -9.1%
59 NCLH 0.28% 91,103 $2M $24.63 $200K -9,707 -9.6%
60 PCOR 0.28% 29,873 $2M $72.91 -$50K -2,685 -8.2%
61 FSLR 0.27% 9,702 $2M $220.57 $444K -542 -5.3%
62 VOO 0.27% 3,444 $2M $612.37 $191K +67 +2.0%
63 SPY 0.25% 2,979 $2M $666.33 $42K -166 -5.3%
64 ISRG 0.24% 4,237 $2M $447.25 $318K +1,335 +46.0%
65 MCK 0.23% 2,356 $2M $772.50 -$375K -639 -21.3%
66 DUK 0.21% 13,419 $2M $123.78 $19K -500 -3.6%
67 SONY 0.20% 56,226 $2M $28.79 -$42K -7,572 -11.9%
68 MCD 0.19% 4,951 $2M $303.98 $66K +27 +0.6%
69 SPYX 0.18% 26,511 $1M $54.85 $104K
70 NVDA 0.18% 7,731 $1M $186.52 $255K +220 +2.9%
71 CHE 0.18% 3,154 $1M $447.69 -$122K +3 +0.1%
72 EMR 0.17% 10,312 $1M $131.21 -$104K -616 -5.6%
73 TRV 0.17% 4,799 $1M $279.22 $55K -4 -0.1%
74 AXP 0.17% 4,031 $1M $332.18 $371K +997 +32.9%
75 WMT 0.17% 12,816 $1M $103.07 $88K +207 +1.6%
76 DE 0.15% 2,568 $1M $457.17 -$206K -146 -5.4%
77 GE 0.15% 3,868 $1M $300.93 -$33K -781 -16.8%
78 XYL 0.15% 7,862 $1M $147.55 $58K -654 -7.7%
79 DOV 0.14% 6,841 $1M $166.79 -$102K +59 +0.9%
80 HD 0.14% 2,639 $1M $405.08 $112K +29 +1.1%
81 VZ 0.13% 23,675 $1M $43.97 $25K +196 +0.8%
82 IAU 0.12% 13,451 $979K $72.78 $132K -135 -1.0%
83 PEP 0.12% 6,881 $966K $140.39 $41K -127 -1.8%
84 CVX 0.12% 6,171 $958K $155.24 $172K +679 +12.4%
85 AMKR 0.12% 33,174 $942K $28.40 $246K +18 +0.1%
86 EWBC 0.11% 8,199 $873K $106.48 $159K +1,125 +15.9%
87 MTB 0.11% 4,283 $846K $197.53 -$21K -188 -4.2%
88 FDX 0.11% 3,562 $840K $235.82 $16K -65 -1.8%
89 ETN 0.10% 2,150 $805K $374.42 $65K +76 +3.7%
90 BMY 0.10% 17,421 $786K $45.12 -$56K -767 -4.2%
91 APD 0.10% 2,775 $757K $272.79 -$342K -1,122 -28.8%
92 MKSI 0.09% 6,005 $743K $123.73 $126K -200 -3.2%
93 COP 0.09% 7,782 $736K $94.58 $52K +159 +2.1%
94 IVV 0.09% 1,081 $724K $669.75 $53K
95 XLK 0.09% 2,514 $709K $282.02 $71K -5 -0.2%
96 TJX 0.09% 4,893 $707K $144.49 $124K +169 +3.6%
97 LNT 0.08% 9,951 $671K $67.43 $57K -200 -2.0%
98 TT 0.08% 1,541 $650K $421.80 -$13K +26 +1.7%
99 GNRC 0.08% 3,707 $621K $167.52 $95K +36 +1.0%
100 INTC 0.08% 18,460 $619K $33.53 -$33K -10,666 -36.6%

New Positions

SymbolValue% Port
CEFA $205K 0.03%
VXUS $183K 0.02%
IBD $156K 0.02%
NULG $76K 0.01%
NULV $67K 0.01%
TRP $64K 0.01%
D $31K —%
SWK $30K —%
FIS $21K —%
DAL $19K —%
FAST $18K —%
ARES $17K —%
SHOP $17K —%
MNST $15K —%
ADSK $15K —%

Sold Out Positions

SymbolValue% Port
EMN —%
AIG —%
ZBH —%
DXC —%
ET —%
ADM —%
KMI —%
OGN —%
FTS —%
SOLV —%
NLOP —%
WAB —%
GT —%
MRVL —%
EQIX —%
View SEC EDGAR Filings for Hanson & Doremus Investment Management →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms