Institutional Manager · CIK 0001393944
Hanson & Doremus Investment Management
BURLINGTON, VT · File #028-12547
Latest AUM
$831,941
Positions
484
Top-10 Concentration
67.9%
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 |
|---|---|---|---|---|---|
| ADD | Schwab U.S. Broad Market ETF | 808524102 | +493,815 | +$12,953 | +$3,387 |
| ADD | Vanguard Intermediate Treasury ETF | 92206C706 | +88,859 | +$5,325 | -$103 |
| ADD | Vanguard Intermediate Corporate ETF | 92206C870 | +39,446 | +$3,304 | -$200 |
| REDUCE | Taiwan Semiconductor ADR | 874039100 | -3,956 | -$1,202 | +$2,118 |
| REDUCE | Merck | MRK | -10,871 | -$1,144 | +$1,481 |
| ADD | Vanguard Developed Market ETF | 921943858 | +17,073 | +$1,067 | +$2,032 |
| ADD | Vanguard ESG US Corporate Bond ETF | 921910691 | +15,510 | +$987 | -$99 |
| REDUCE | Vaneck Vectors Gold Miners ETF | 92189F106 | -11,115 | -$953 | +$348 |
| ADD | Xylem Inc | XYL | +6,380 | +$869 | -$90 |
| REDUCE | Microsoft | MSFT | -1,795 | -$868 | -$1,608 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025484 pos · $831,941
- 13F HOLDINGS REPORTQ/E Sep 2025500 pos · $794,393
- 13F HOLDINGS REPORTQ/E Jun 2025474 pos · $747,585
- 13F HOLDINGS REPORTQ/E Mar 2025467 pos · $684,619
- 13F HOLDINGS REPORTQ/E Dec 2024454 pos · $650.5M
- 13F HOLDINGS REPORTQ/E Sep 2024423 pos · $629.5M
- 13F HOLDINGS REPORTQ/E Jun 2024455 pos · $606.6M
- 13F HOLDINGS REPORTQ/E Mar 2024472 pos · $580,393
- 13F HOLDINGS REPORTQ/E Dec 2023422 pos · $486.1M
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | Schwab U.S. Broad Market ETF | 808524102 | 7,007,872 | $183,816 | 25.91% |
| 2 | Vanguard Intermediate Treasury ETF | 92206C706 | 1,117,525 | $66,973 | 9.44% |
| 3 | Vanguard Developed Market ETF | 921943858 | 813,857 | $50,842 | 7.17% |
| 4 | Vanguard Intermediate Corporate ETF | 92206C870 | 594,793 | $49,814 | 7.02% |
| 5 | Vanguard ESG US Stock ETF | 921910733 | 216,416 | $26,178 | 3.69% |
| 6 | Vanguard Emerging Market ETF | 922042858 | 480,201 | $25,816 | 3.64% |
| 7 | Taiwan Semiconductor ADR | 874039100 | 82,135 | $24,960 | 3.52% |
| 8 | Microsoft | MSFT | 45,050 | $21,787 | 3.07% |
| 9 | Vanguard ESG International Stock ETF | 921910725 | 234,527 | $16,797 | 2.37% |
| 10 | Schwab Int'l Equity ETF | 808524805 | 623,303 | $14,984 | 2.11% |
| 11 | Apple Inc. | AAPL | 47,366 | $12,877 | 1.82% |
| 12 | Vanguard ESG US Corporate Bond ETF | 921910691 | 189,845 | $12,080 | 1.70% |
| 13 | The Charles Schwab Corp. | SCHW-PJ | 119,585 | $11,948 | 1.68% |
| 14 | Corning | GLW | 135,301 | $11,847 | 1.67% |
| 15 | Alphabet, Inc. Cl A | GOOG | 32,470 | $10,163 | 1.43% |
| 16 | Seagate Technology PLC | SE | 35,876 | $9,880 | 1.39% |
| 17 | Berkshire Hathaway Cl B | BRK-A | 17,593 | $8,843 | 1.25% |
| 18 | Costco | 22160K105 | 10,254 | $8,843 | 1.25% |
| 19 | Alphabet, Inc Cl C | GOOG | 25,132 | $7,886 | 1.11% |
| 20 | Visa Inc | V | 20,514 | $7,194 | 1.01% |