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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

Q4 2025 · Filed 2026-01-20
Market Value
$829M
+4.7%
Holdings
505
-11
New Purchases
17
Added To
76
Closed
38
Reduced
165
Top 10 Concentration
58.1%
Turnover
10.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SCHB 22.17% 21.15% +1.02% $184M
VGIT 8.08% 7.80% +0.28% $67M
GOOGL 1.23% 1.04% +0.19% $10M
GOOG 0.95% 0.78% +0.17% $8M
CB 0.70% 0.58% +0.12% $6M
LLY 0.48% 0.37% +0.11% $4M
VCIT 6.01% 5.90% +0.11% $50M
VEA 6.13% 6.03% +0.10% $51M
ISRG 0.34% 0.24% +0.10% $3M
XYL 0.23% 0.15% +0.09% $2M
CAT 0.55% 0.48% +0.06% $5M
IQV 0.34% 0.29% +0.05% $3M
STX 1.19% 1.15% +0.05% $10M
VCEB 1.46% 1.41% +0.04% $12M
FSLR 0.31% 0.27% +0.04% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 2.63% 3.06% -0.44% $22M
COST 1.07% 1.25% -0.19% $9M
DIS 0.21% 0.30% -0.10% $2M
KRC 0.42% 0.51% -0.09% $3M
GDX 0.27% 0.36% -0.09% $2M
VWO 3.11% 3.20% -0.09% $26M
ROP 0.32% 0.41% -0.09% $3M
ESGV 3.16% 3.24% -0.08% $26M
IVV 0.02% 0.09% -0.07% $186K
BRK-B 1.07% 1.13% -0.06% $9M
APD 0.04% 0.10% -0.05% $340K
HON 0.36% 0.41% -0.05% $3M
VST 0.00% 0.05% -0.05% $0
PG 0.33% 0.38% -0.05% $3M
PFE 0.39% 0.43% -0.04% $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 $240M 29.0%
Large Cap 345 $532M 64.1%
Mid Cap 57 $42M 5.1%
Small Cap 28 $15M 1.8%
Micro Cap 7 $398K 0.0%

Portfolio Analytics

Avg Market Cap
$159.7B
Median Market Cap
$49.9B
Avg P/E
31.4
Median P/E
24.3
Avg Dividend Yield
0.02%
Avg Beta
0.91
# Stocks
353
# ETFs / Funds
152

Top Holdings (505 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 SCHB 22.17% 7,007,872 $184M $26.23 $16M +493,815 +7.6%
2 VGIT 8.08% 1,117,525 $67M $59.93 $5M +88,859 +8.6%
3 VEA 6.13% 813,857 $51M $62.47 $3M +17,073 +2.1%
4 VCIT 6.01% 594,793 $50M $83.75 $3M +39,446 +7.1%
5 ESGV 3.16% 216,416 $26M $120.96 $523K -187 -0.1%
6 VWO 3.11% 480,201 $26M $53.76 $461K +12,229 +2.6%
7 TSM 3.01% 82,135 $25M $303.89 $916K -3,956 -4.6%
8 MSFT 2.63% 45,050 $22M $483.62 -$2M -1,795 -3.8%
9 VSGX 2.03% 234,527 $17M $71.62 $492K -518 -0.2%
10 SCHF 1.81% 623,303 $15M $24.04 $367K -4,585 -0.7%
11 AAPL 1.55% 47,366 $13M $271.86 $506K -1,219 -2.5%
12 VCEB 1.46% 189,845 $12M $63.63 $888K +15,510 +8.9%
13 SCHW 1.44% 119,585 $12M $99.91 $358K -1,812 -1.5%
14 GLW 1.43% 135,301 $12M $87.56 $485K -3,215 -2.3%
15 GOOGL 1.23% 32,470 $10M $313.00 $2M -1,288 -3.8%
16 STX 1.19% 35,876 $10M $275.39 $808K -2,556 -6.7%
17 COST 1.07% 10,254 $9M $862.40 -$1M -475 -4.4%
18 BRK-B 1.07% 17,593 $9M $502.64 -$78K -152 -0.9%
19 GOOG 0.95% 25,132 $8M $313.78 $2M -348 -1.4%
20 V 0.87% 20,514 $7M $350.69 $221K +87 +0.4%
21 IBM 0.85% 23,928 $7M $296.22 $154K -646 -2.6%
22 VTEB 0.83% 136,880 $7M $50.29 $561K +10,605 +8.4%
23 AMZN 0.75% 26,904 $6M $230.82 $166K -622 -2.3%
24 MRK 0.74% 58,591 $6M $105.26 $337K -10,871 -15.7%
25 CB 0.70% 18,714 $6M $312.12 $1M +2,457 +15.1%
26 TRMK 0.65% 139,397 $5M $38.95 -$90K
27 IWD 0.65% 25,673 $5M $210.34 $180K +31 +0.1%
28 VTI 0.62% 15,314 $5M $335.25 -$27K -413 -2.6%
29 AVGO 0.61% 14,588 $5M $346.11 $92K -438 -2.9%
30 JPM 0.59% 15,186 $5M $322.20 -$100K -643 -4.1%
31 CAT 0.55% 7,930 $5M $572.89 $709K -106 -1.3%
32 MDT 0.54% 46,313 $4M $96.06 $1K -385 -0.8%
33 NI 0.50% 99,304 $4M $41.76 -$151K +46 +0.1%
34 LLY 0.48% 3,725 $4M $1,074.63 $1M -109 -2.8%
35 CSCO 0.45% 48,811 $4M $77.03 $364K -817 -1.6%
36 ABBV 0.44% 16,013 $4M $228.50 -$52K -14 -0.1%
37 AMGN 0.44% 11,047 $4M $327.33 $411K -310 -2.7%
38 GLD 0.42% 8,717 $3M $396.35 $341K -43 -0.5%
39 KRC 0.42% 92,231 $3M $37.37 -$579K -3,070 -3.2%
40 BA 0.41% 15,723 $3M $217.13 $167K +680 +4.5%
41 PFE 0.39% 129,234 $3M $24.90 -$206K -5,151 -3.8%
42 XOM 0.38% 26,344 $3M $120.33 $9K -1,693 -6.0%
43 MUNI 0.36% 57,139 $3M $52.42 $4K -76 -0.1%
44 HON 0.36% 15,306 $3M $195.09 -$257K -100 -0.7%
45 SLB 0.36% 77,740 $3M $38.38 $440K +3,732 +5.0%
46 JNJ 0.34% 13,818 $3M $206.98 $406K +585 +4.4%
47 IQV 0.34% 12,466 $3M $225.41 $541K +522 +4.4%
48 ISRG 0.34% 4,923 $3M $566.32 $893K +686 +16.2%
49 IOT 0.33% 77,898 $3M $35.44 -$138K +73 +0.1%
50 PG 0.33% 19,213 $3M $143.29 -$251K -338 -1.7%
51 KO 0.32% 38,065 $3M $69.91 $56K -1,221 -3.1%
52 ROP 0.32% 5,922 $3M $445.12 -$585K -537 -8.3%
53 ABT 0.31% 20,675 $3M $125.27 -$131K +360 +1.8%
54 FSLR 0.31% 9,875 $3M $261.27 $440K +173 +1.8%
55 YUMC 0.30% 52,136 $2M $47.74 $230K -497 -0.9%
56 VLO 0.28% 14,473 $2M $162.79 -$150K -246 -1.7%
57 VUG 0.28% 4,771 $2M $487.95 $42K +5 +0.1%
58 PCOR 0.27% 30,825 $2M $72.73 $64K +952 +3.2%
59 GDX 0.27% 26,144 $2M $85.76 -$605K -11,115 -29.8%
60 VOO 0.26% 3,455 $2M $627.21 $58K +11 +0.3%
61 ATR 0.26% 17,502 $2M $121.99 -$210K -39 -0.2%
62 SPY 0.25% 2,979 $2M $682.11 $47K
63 NCLH 0.24% 90,857 $2M $22.32 -$216K -246 -0.3%
64 XYL 0.23% 14,242 $2M $136.15 $779K +6,380 +81.2%
65 MCK 0.22% 2,209 $2M $820.28 -$8K -147 -6.2%
66 DIS 0.21% 15,048 $2M $113.77 -$696K -5,984 -28.4%
67 GE 0.18% 4,940 $2M $308.10 $358K +1,072 +27.7%
68 MCD 0.18% 4,944 $2M $305.62 $6K -7 -0.1%
69 DUK 0.18% 12,713 $1M $117.20 -$171K -706 -5.3%
70 AXP 0.18% 4,000 $1M $370.00 $141K -31 -0.8%
71 SONY 0.17% 56,226 $1M $25.59 -$180K
72 SPYX 0.17% 25,461 $1M $56.20 -$23K -1,050 -4.0%
73 WMT 0.17% 12,784 $1M $111.39 $103K -32 -0.2%
74 NVDA 0.17% 7,583 $1M $186.47 -$28K -148 -1.9%
75 CHE 0.16% 3,137 $1M $427.80 -$70K -17 -0.5%
76 DOV 0.16% 6,841 $1M $195.29 $195K
77 EMR 0.16% 9,990 $1M $132.73 -$27K -322 -3.1%
78 TRV 0.15% 4,302 $1M $290.10 -$92K -497 -10.4%
79 AMKR 0.15% 30,624 $1M $39.48 $267K -2,550 -7.7%
80 IAU 0.13% 12,833 $1M $81.20 $63K -618 -4.6%
81 FDX 0.12% 3,531 $1M $288.87 $180K -31 -0.9%
82 BMY 0.12% 18,556 $1M $53.94 $215K +1,135 +6.5%
83 PEP 0.12% 6,857 $984K $143.50 $18K -24 -0.3%
84 MKSI 0.12% 6,005 $960K $159.87 $217K
85 CVX 0.11% 6,015 $917K $152.45 -$41K -156 -2.5%
86 DE 0.11% 1,956 $911K $465.75 -$263K -612 -23.8%
87 HD 0.11% 2,639 $908K $344.07 -$161K
88 EWBC 0.11% 7,948 $893K $112.36 $20K -251 -3.1%
89 VZ 0.10% 20,986 $855K $40.74 -$186K -2,689 -11.4%
90 MTB 0.10% 4,176 $841K $201.39 -$5K -107 -2.5%
91 VIG 0.09% 3,529 $776K $219.89 $207K +893 +33.9%
92 TJX 0.09% 4,878 $749K $153.55 $42K -15 -0.3%
93 XLK 0.09% 5,012 $722K $144.05 $13K +2,498 +99.4%
94 DGRO 0.09% 10,262 $712K $69.38 $254K +3,538 +52.6%
95 GEV 0.08% 1,048 $685K $653.63 $213K +281 +36.6%
96 COP 0.08% 7,322 $685K $93.55 -$51K -460 -5.9%
97 INTC 0.08% 18,460 $681K $36.89 $62K
98 ETN 0.08% 2,094 $667K $318.53 -$138K -56 -2.6%
99 CATH 0.08% 7,881 $648K $82.22 $47K +472 +6.4%
100 LNT 0.08% 9,875 $642K $65.01 -$29K -76 -0.8%

New Positions

SymbolValue% Port
NNN $187K 0.02%
Q $120K 0.01%
SOLS $39K —%
MICC $17K —%
SOLV $14K —%
SBGSY $12K —%
XLG $6K —%
LHX $5K —%
LEN $5K —%
ASPI $5K —%
WBD $4K —%
VCSH $3K —%
ACWX $3K —%
MSCI $2K —%
ALB $2K —%

Sold Out Positions

SymbolValue% Port
AVB —%
ARES —%
AMT —%
ARE —%
LYB —%
FDS —%
BMO —%
BTI —%
VST —%
WMB —%
UPS —%
FE —%
CCI —%
BX —%
O —%
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