Institutional Manager · CIK 0000914973
HANOVER ADVISORS INC
SENECA, SC · File #028-04002
Latest AUM
$257.6M
Positions
109
Top-10 Concentration
75.4%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | SPDR SERIES TRUST | 78468R663 | -36,094 | -$3.3M | -$53,825 |
| ADD | ISHARES TR | 464289859 | +33,025 | +$3.0M | +$4,484 |
| REDUCE | ISHARES TR | 464289875 | -46,992 | -$2.2M | +$18,861 |
| EXITED | INVESCO EXCH TRD SLF IDX FD | 46138J825 | -94,369 | -$2.0M | $0 |
| REDUCE | SSGA ACTIVE TR | 78470P846 | -23,141 | -$658,130 | -$9,379 |
| REDUCE | VANGUARD INSTL INDEX FD | 922040845 | -8,400 | -$633,611 | -$16,295 |
| NEW | INVESCO EXCH TRADED FD TR II | IVZ | +7,155 | +$603,095 | $0 |
| NEW | SPDR SERIES TRUST | 78464A797 | +9,191 | +$557,802 | $0 |
| EXITED | VANGUARD BD INDEX FDS | 921937793 | -7,446 | -$527,535 | $0 |
| ADD | BERKSHIRE HATHAWAY INC DEL | BRK-A | +860 | +$432,279 | -$146 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025109 pos · $257.6M
- 13F HOLDINGS REPORTQ/E Sep 2025103 pos · $257.7M
- 13F HOLDINGS REPORTQ/E Jun 202597 pos · $245.2M
- 13F HOLDINGS REPORTQ/E Mar 202594 pos · $230.6M
- 13F HOLDINGS REPORTQ/E Dec 202491 pos · $238.3M
- 13F HOLDINGS REPORTQ/E Sep 202493 pos · $238.1M
- 13F HOLDINGS REPORTQ/E Jun 202491 pos · $225.1M
- 13F HOLDINGS REPORTQ/E Mar 202487 pos · $204.8M
- 13F HOLDINGS REPORTQ/E Mar 202492 pos · $238.3M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS | 922908769 | 186,480 | $62.5M | 26.44% |
| 2 | SPDR S&P 500 ETF TR | SPY | 59,094 | $40.3M | 17.04% |
| 3 | VANGUARD SPECIALIZED FUNDS | 921908844 | 82,731 | $18.2M | 7.69% |
| 4 | ISHARES TR | 464287689 | 38,315 | $14.8M | 6.27% |
| 5 | SPDR SERIES TRUST | 78468R663 | 109,520 | $10.0M | 4.23% |
| 6 | VANGUARD BD INDEX FDS | 921937819 | 104,013 | $8.1M | 3.43% |
| 7 | SPDR S&P MIDCAP 400 ETF TR | MDY | 11,127 | $6.7M | 2.84% |
| 8 | ISHARES TR | 464289867 | 100,435 | $6.5M | 2.76% |
| 9 | VANGUARD INSTL INDEX FD | 922040845 | 79,600 | $6.0M | 2.54% |
| 10 | VANGUARD INDEX FDS | 922908363 | 8,146 | $5.1M | 2.16% |
| 11 | VANGUARD WHITEHALL FDS | 921946406 | 30,870 | $4.4M | 1.87% |
| 12 | ISHARES TR | 464289875 | 78,751 | $3.8M | 1.59% |
| 13 | VANGUARD INDEX FDS | 922908736 | 7,549 | $3.7M | 1.56% |
| 14 | ISHARES TR | 464289859 | 36,181 | $3.2M | 1.37% |
| 15 | VANGUARD WORLD FD | 92204A702 | 3,014 | $2.3M | 0.96% |
| 16 | MICROSOFT CORP | MSFT | 4,466 | $2.2M | 0.91% |
| 17 | VANGUARD INDEX FDS | 922908744 | 11,142 | $2.1M | 0.90% |
| 18 | INVESCO EXCH TRD SLF IDX FD | IVZ | 85,684 | $1.7M | 0.72% |
| 19 | TESLA INC | TSLA | 3,617 | $1.6M | 0.69% |
| 20 | ISHARES TR | 46429B291 | 30,837 | $1.5M | 0.63% |