Hanson & Doremus Investment Management

Q4 2025 13F-HR Holdings

Location
Burlington, VT
Holdings as of
12/31/2025
Date filed
1/20/2026
Form type
13F-HR
Num holdings
484
Total value ($000)
$831,941
Net value change ($000)
+37,548 (4.7%)
New positions
24
Sold out positions
40
Turnover %
0.1%
Sector allocation + QoQ delta (equities-only)
Prev filing: 10/15/2025 Next filing: 4/17/2026 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)
SCHB 16,340 9.8%
VGIT 5,222 8.5%
VCIT 3,104 6.6%
VEA 3,099 6.5%
GOOGL 1,956 23.8%
GOOGL 1,680 27.1%
CB 1,252 27.3%
LLY 1,078 36.9%
TSM 916 3.8%
ISRG 893 47.1%
Top Reduces (Value $000, Stocks/ETFs)
MSFT -2,476 -10.2%
COST -1,088 -11.0%
DIS -696 -28.9%
GDX -605 -21.3%
ROP -585 -18.2%
KRC -579 -14.4%
IVV -538 -74.3%
APD -417 -55.1%
VST -382 -100.0%
ST -308 -94.8%
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