HANOVER ADVISORS INC

Q4 2025 13F-HR Holdings

Location
Seneca, SC
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
109
Total value ($000)
$257,570
Net value change ($000)
-142 (-0.1%)
New positions
11
Sold out positions
4
Turnover %
2.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/6/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AOA 2,962 1065.5%
VTI 1,257 2.1%
SPY 750 1.9%
KBWB 603 NEW
KBE 558 NEW
BRK-B 432 52.8%
TSLA 382 30.7%
AOR 301 4.8%
IBDS 269 NEW
IBDU 267 NEW
Top Reduces (Value $000, Stocks/ETFs)
BIL -3,352 -25.1%
AOM -2,224 -37.2%
BSCP -1,952 -100.0%
HYBL -668 -52.2%
VBIL -650 -9.8%
SHV -331 -100.0%
GLPI -292 -48.5%
BND -240 -100.0%
VNO -237 -100.0%
MSFT -202 -8.6%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type