Dover Advisors, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 10, 2025), Dover Advisors, LLC reported 165 stock positions worth $250.9 million. Its top holding was Microsoft (MSFT) at 7.6% of the portfolio, followed by Apple (AAPL, 6.8%) and Berkshire Hathaway Class A (BRK.A, 4.8%). Compared with Q2 2025, it opened 12 new positions, sold out of 10, added to 48 and reduced 77. The biggest buy was Udr (UDR, shares +450%) and the biggest sale an exit from Vanguard Short-Term Treasury (VGSH).
- Most Recent 13F
- Q2 2026
- Location
- RICHMOND, VA
- CIK
- 0001964541
- Portfolio Value
- $250.9M (Q3 2025)
- SEC Filing
- 0001951757-25-001361 ↗ filed Nov 10, 2025
Holdings Value
Holdings 165 stocks · $250.9M
| MSFT Microsoft Corp. | 7.57% | 36,662 | $19.0M | Reduce -0.4% |
| AAPL Apple Inc. | 6.75% | 66,525 | $16.9M | Reduce -1.4% |
| BRK.A Berkshire Hathaway Inc. Class A | 4.81% | 16 | $12.1M | No change |
| GOOGL Alphabet Inc. Class A | 3.30% | 34,053 | $8.3M | Reduce -0.5% |
| JPM JPMorgan Chase & Co. | 2.91% | 23,169 | $7.3M | Reduce -0.0% |
| AMZN Amazon.com Inc. | 2.46% | 28,110 | $6.2M | Add +0.4% |
| RTX RTX Corp. | 1.94% | 29,046 | $4.9M | Add +0.1% |
| ETN Eaton Corp. PLC | 1.93% | 12,962 | $4.9M | Reduce -2.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.93% | 9,628 | $4.8M | Add +0.1% |
| KO The Coca-Cola Co. | 1.84% | 68,908 | $4.6M | Reduce -1.6% |
| TSM Taiwan Semiconductor-SP ADR | 1.56% | 13,973 | $3.9M | Reduce -1.7% |
| KLAC KLA Corp. | 1.46% | 3,389 | $3.7M | Reduce -20.4% |
| UDR Udr Inc. | 1.45% | 97,924 | $3.6M | Add +450.3% |
| PANW Palo Alto Networks Inc. | 1.39% | 17,086 | $3.5M | Add +13.3% |
| HON Honeywell International Inc. | 1.32% | 15,785 | $3.3M | Add +17.3% |
| ABT Abbott Laboratories | 1.31% | 24,452 | $3.3M | Reduce -1.3% |
| XOM Exxon Mobil Corp. | 1.25% | 27,744 | $3.1M | Add +15.2% |
| AVGO Broadcom Inc. | 1.24% | 9,436 | $3.1M | Reduce -1.9% |
| JNJ Johnson & Johnson | 1.19% | 16,052 | $3.0M | Reduce -1.1% |
| HD Home Depot Inc. | 1.14% | 7,035 | $2.9M | Add +17.3% |
| IWR iShares Russell Mid-Cap ETF | 1.11% | 28,861 | $2.8M | Add +1.1% |
| SHV iShares 0-1 Year Treasury Bo | 1.10% | 25,028 | $2.8M | New |
| SCHO Schwab Short-Term US Treas | 1.06% | 109,420 | $2.7M | Add +114.7% |
| AXP American Express Co. | 1.05% | 7,948 | $2.6M | Reduce -2.5% |
| UBSI United Bankshares Inc. | 1.05% | 70,093 | $2.6M | Reduce -18.6% |
| DUK Duke Energy Corp. | 1.03% | 20,785 | $2.6M | Add +6.1% |
| IWY iShares Russell Top 200 Grow | 1.02% | 9,339 | $2.6M | Reduce -5.6% |
| LOW Lowe's Cos Inc. | 1.02% | 10,156 | $2.6M | No change |
| ORCL Oracle Corp. | 1.01% | 9,005 | $2.5M | Reduce -6.6% |
| UBER Uber Technologies Inc. | 0.96% | 24,638 | $2.4M | Add +0.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.96% | 8,528 | $2.4M | Add +10.6% |
| CVX Chevron Corp. | 0.91% | 14,634 | $2.3M | Reduce -0.8% |
| PEP Pepsico Inc. | 0.88% | 15,786 | $2.2M | Reduce -0.4% |
| PH Parker Hannifin Corp. | 0.88% | 2,897 | $2.2M | Reduce -0.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.84% | 18,398 | $2.1M | Add +0.3% |
| UNH Unitedhealth Group Inc. | 0.82% | 5,984 | $2.1M | Reduce -0.3% |
| PG The Procter & Gamble Co. | 0.80% | 13,068 | $2.0M | Add +8.7% |
| TMO Thermo Fisher Scientific Inc. | 0.79% | 4,070 | $2.0M | Add +0.1% |
| NEE Nextera Energy Inc. | 0.77% | 25,691 | $1.9M | Reduce -1.0% |
| ASML ASML Holding NV-NY Reg SHS | 0.76% | 1,969 | $1.9M | Reduce -2.9% |
| CRM Salesforce Inc. | 0.70% | 7,356 | $1.7M | Reduce -6.9% |
| INGR Ingredion Inc. | 0.68% | 14,000 | $1.7M | New |
| EXPE Expedia Group Inc. | 0.67% | 7,838 | $1.7M | Reduce -0.3% |
| MRSH Marsh & McLennan Cos | 0.66% | 8,183 | $1.6M | Add +163.8% |
| NKE Nike Inc. Class B | 0.65% | 23,397 | $1.6M | Reduce -1.3% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.64% | 5,184 | $1.6M | Reduce -0.8% |
| ABBV Abbvie Inc. | 0.64% | 6,896 | $1.6M | Reduce -0.1% |
| EMR Emerson Electric Co. | 0.63% | 12,021 | $1.6M | Reduce -0.5% |
| CME Cme Group Inc. | 0.60% | 5,597 | $1.5M | Add +95.5% |
| PM Philip Morris International | 0.59% | 9,129 | $1.5M | Add +15.7% |
| NFLX Netflix Inc. | 0.57% | 1,203 | $1.4M | Reduce -3.8% |
| BLK BlackRock Inc. | 0.56% | 1,199 | $1.4M | No change |
| ACN Accenture PLC Class A | 0.48% | 4,909 | $1.2M | Add +4.6% |
| LLY Eli Lilly & Co. | 0.47% | 1,532 | $1.2M | Reduce -0.1% |
| NVDA Nvidia Corp. | 0.46% | 6,212 | $1.2M | Add +4.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.46% | 1,735 | $1.2M | Add +7.6% |
| MCD McDonald's Corp. | 0.46% | 3,782 | $1.1M | Reduce -1.2% |
| MRK Merck & Co. Inc. | 0.44% | 13,115 | $1.1M | Reduce -1.2% |
| KNSL Kinsale Capital Group Inc. | 0.44% | 2,567 | $1.1M | Add +85.6% |
| COST Costco Wholesale Corp. | 0.43% | 1,168 | $1.1M | Add +0.8% |
| V Visa Inc. Class A | 0.43% | 3,142 | $1.1M | Reduce -0.2% |
| LIN Linde PLC | 0.42% | 2,236 | $1.1M | Reduce -2.4% |
| GOOG Alphabet Inc. Class C | 0.41% | 4,266 | $1.0M | No change |
| J Jacobs Solutions Inc. | 0.41% | 6,921 | $1.0M | No change |
| NSC Norfolk Southern Corp. | 0.41% | 3,426 | $1.0M | Reduce -1.4% |
| APD Air Products & Chemicals Inc. | 0.41% | 3,757 | $1.0M | Reduce -25.5% |
| TFC Truist Financial Corp. | 0.40% | 21,944 | $1.0M | Reduce -2.1% |
| D Dominion Energy Inc. | 0.40% | 16,395 | $1.0M | Add +37.5% |
| VRT Vertiv Holdings Co. Class A | 0.40% | 6,645 | $1.0M | Reduce -12.1% |
| MDLZ Mondelez International Inc. Class A | 0.39% | 15,354 | $967K | Reduce -0.5% |
| GLDI UBS AG Et GL SHR Covr Class ETN | 0.38% | 5,607 | $946K | Add +4.4% |
| BRX Brixmor Property Group Inc. | 0.37% | 33,232 | $920K | Add +47.7% |
| META Meta Platforms Inc. Class A | 0.37% | 1,252 | $919K | Reduce -8.3% |
| MO Altria Group Inc. | 0.36% | 13,304 | $893K | Add +147.4% |
| BSCU Invesco Bulletshares 2030 CB | 0.35% | 51,482 | $870K | Add +7.5% |
| TLTW iShares 20+ Bond Buywrite | 0.35% | 37,119 | $868K | Add +23.8% |
| JEPI JPMorgan Equity Premium Inco | 0.33% | 14,597 | $833K | Reduce -6.5% |
| GE General Electric filed as GE AEROSPACE | 0.32% | 2,662 | $802K | Add +0.2% |
| FTNT Fortinet Inc. | 0.31% | 9,338 | $785K | Reduce -1.2% |
| CGIE Cap Group Intl Equity filed as CAPITAL GROUP INTERNATIONAL | 0.31% | 23,208 | $783K | Add +20.0% |
| VZ Verizon Communications Inc. | 0.30% | 17,402 | $765K | Add +23.9% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.30% | 1,872 | $754K | Add +65.5% |
| WMT Walmart Inc. | 0.30% | 7,265 | $749K | Reduce -4.7% |
| GLD SPDR Gold Shares | 0.30% | 2,090 | $743K | Reduce -6.2% |
| PLD Prologis Inc. | 0.29% | 6,399 | $733K | Reduce -1.3% |
| JEPQ JPM Nasdaq Equity Premium filed as J P MORGAN EXCHANGE TRADED F | 0.29% | 12,584 | $724K | Reduce -0.7% |
| GD General Dynamics Corp. | 0.28% | 2,093 | $714K | Reduce -0.3% |
| ICE Intercontinental Exchange Inc. | 0.28% | 4,212 | $710K | New |
| ZTS Zoetis Inc. | 0.27% | 4,665 | $683K | Reduce -1.7% |
| CARR Carrier Global Corp. | 0.27% | 11,312 | $675K | No change |
| T AT&T Inc. | 0.26% | 23,410 | $661K | Add +51.3% |
| FCNCA First Citizens Bcshs Class A | 0.26% | 368 | $658K | No change |
| PFF iShares Preferred & Income S | 0.25% | 20,172 | $638K | No change |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.25% | 1,300 | $624K | Reduce -4.2% |
| CP Canadian Pacific Kansas City | 0.24% | 8,112 | $606K | Reduce -18.8% |
| ADBE Adobe Inc. | 0.24% | 1,688 | $595K | Reduce -15.3% |
| FSK FS KKR Capital Corp. | 0.23% | 38,265 | $573K | Add +56.8% |
| BSCX Invesco Bulletshares 2033 CB | 0.23% | 26,350 | $566K | Add +7.1% |
| BX Blackstone Inc. | 0.22% | 3,188 | $545K | No change |
| INCO Columbia India Consumer ETF | 0.22% | 8,369 | $541K | Reduce -0.0% |
Portfolio Sells Q2 2025 → Q3 2025
| VGSH Vanguard Short-Term Treasury | Sold out | 0.00% | −1.40 |
| MSFT Microsoft Corp. | Reduce -0.4% | 7.57% | −0.50 |
| KO The Coca-Cola Co. | Reduce -1.6% | 1.84% | −0.35 |
| UBSI United Bankshares Inc. | Reduce -18.6% | 1.05% | −0.33 |
| BDX Becton Dickinson and Co. | Sold out | 0.00% | −0.27 |
| CRM Salesforce Inc. | Reduce -6.9% | 0.70% | −0.25 |
| MCHP Microchip Technology Inc. | Sold out | 0.00% | −0.23 |
| KLAC KLA Corp. | Reduce -20.4% | 1.46% | −0.22 |
| APD Air Products & Chemicals Inc. | Reduce -25.5% | 0.41% | −0.22 |
| FLS Flowserve Corp. | Sold out | 0.00% | −0.19 |
| ABT Abbott Laboratories | Reduce -1.3% | 1.31% | −0.18 |
| NFLX Netflix Inc. | Reduce -3.8% | 0.57% | −0.16 |
| UTG Reaves Utility Income Fund | Sold out | 0.00% | −0.15 |
| ETN Eaton Corp. PLC | Reduce -2.3% | 1.93% | −0.15 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.15 |
| ASGI Abrdn Global Infrastructure | Sold out | 0.00% | −0.14 |
| FTNT Fortinet Inc. | Reduce -1.2% | 0.31% | −0.13 |
| NUE Nucor Corp. | Sold out | 0.00% | −0.12 |
| CP Canadian Pacific Kansas City | Reduce -18.8% | 0.24% | −0.11 |
| ADBE Adobe Inc. | Reduce -15.3% | 0.24% | −0.10 |
| AJG Arthur J Gallagher & Co. | Reduce -0.8% | 0.64% | −0.10 |
| VGK Vanguard Ftse Europe ETF | Sold out | 0.00% | −0.10 |
| AXP American Express Co. | Reduce -2.5% | 1.05% | −0.09 |
| MTRN Materion Corp. | Sold out | 0.00% | −0.09 |
| NKE Nike Inc. Class B | Reduce -1.3% | 0.65% | −0.09 |
| STZ Constellation Brands Inc. Class A | Reduce -6.9% | 0.19% | −0.08 |
| EMR Emerson Electric Co. | Reduce -0.5% | 0.63% | −0.08 |
| META Meta Platforms Inc. Class A | Reduce -8.3% | 0.37% | −0.08 |
| BAC Bank of America Corp. | Reduce -32.3% | 0.16% | −0.08 |
| MDLZ Mondelez International Inc. Class A | Reduce -0.5% | 0.39% | −0.07 |
| EL Estee Lauder Companies Class A | Reduce -42.5% | 0.09% | −0.07 |
| V Visa Inc. Class A | Reduce -0.2% | 0.43% | −0.06 |
| LLY Eli Lilly & Co. | Reduce -0.1% | 0.47% | −0.06 |
| JEPI JPMorgan Equity Premium Inco | Reduce -6.5% | 0.33% | −0.06 |
| IWY iShares Russell Top 200 Grow | Reduce -5.6% | 1.02% | −0.06 |
| ZTS Zoetis Inc. | Reduce -1.7% | 0.27% | −0.05 |
| LIN Linde PLC | Reduce -2.4% | 0.42% | −0.05 |
| JPM JPMorgan Chase & Co. | Reduce -0.0% | 2.91% | −0.05 |
| PEP Pepsico Inc. | Reduce -0.4% | 0.88% | −0.04 |
| COIN Coinbase Global Inc. Class A | Reduce -10.0% | 0.13% | −0.04 |
| MCD McDonald's Corp. | Reduce -1.2% | 0.46% | −0.03 |
| AGG iShares Core U.S. Aggregate | Reduce -6.7% | 0.19% | −0.03 |
| MKL Markel Group Inc. | Reduce -2.5% | 0.18% | −0.03 |
| WMT Walmart Inc. | Reduce -4.7% | 0.30% | −0.03 |
| CMCSA Comcast Corp. Class A | Reduce -2.5% | 0.10% | −0.03 |
| VRT Vertiv Holdings Co. Class A | Reduce -12.1% | 0.40% | −0.03 |
| CVX Chevron Corp. | Reduce -0.8% | 0.91% | −0.02 |
| TFC Truist Financial Corp. | Reduce -2.1% | 0.40% | −0.02 |
| FSLR First Solar Inc. | Reduce -31.0% | 0.12% | −0.02 |
| INCO Columbia India Consumer ETF | Reduce -0.0% | 0.22% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| UDR Udr Inc. | Add +450.3% | 1.45% | +1.13 |
| SHV iShares 0-1 Year Treasury Bo | New | 1.10% | +1.10 |
| INGR Ingredion Inc. | New | 0.68% | +0.68 |
| SCHO Schwab Short-Term US Treas | Add +114.7% | 1.06% | +0.52 |
| MRSH Marsh & McLennan Cos | Add +163.8% | 0.66% | +0.36 |
| ICE Intercontinental Exchange Inc. | New | 0.28% | +0.28 |
| CME Cme Group Inc. | Add +95.5% | 0.60% | +0.26 |
| MO Altria Group Inc. | Add +147.4% | 0.36% | +0.22 |
| LQDW iShares Ingr Corp. BD B/W ETF | New | 0.21% | +0.21 |
| HD Home Depot Inc. | Add +17.3% | 1.14% | +0.17 |
| AMTM Amentum Holdings Inc. | New | 0.17% | +0.17 |
| LMT Lockheed Martin Corp. | New | 0.15% | +0.15 |
| LTRX Lantronix Inc. | New | 0.14% | +0.14 |
| KNSL Kinsale Capital Group Inc. | Add +85.6% | 0.44% | +0.14 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +65.5% | 0.30% | +0.12 |
| BRX Brixmor Property Group Inc. | Add +47.7% | 0.37% | +0.11 |
| XOM Exxon Mobil Corp. | Add +15.2% | 1.25% | +0.10 |
| D Dominion Energy Inc. | Add +37.5% | 0.40% | +0.10 |
| SLVO UBS AG Etracs SL SH Co. C ETN | New | 0.10% | +0.10 |
| UTF Cohen & Steers Infrastructur | New | 0.10% | +0.10 |
| XLRE SS Real Estate Select Sector | New | 0.09% | +0.09 |
| AEP American Electric Power | New | 0.09% | +0.09 |
| OKE Oneok Inc. | New | 0.09% | +0.09 |
| RTX RTX Corp. | Add +0.1% | 1.94% | +0.07 |
| T AT&T Inc. | Add +51.3% | 0.26% | +0.07 |
| TMO Thermo Fisher Scientific Inc. | Add +0.1% | 0.79% | +0.06 |
| NVDA Nvidia Corp. | Add +4.0% | 0.46% | +0.05 |
| TLTW iShares 20+ Bond Buywrite | Add +23.8% | 0.35% | +0.04 |
| VZ Verizon Communications Inc. | Add +23.9% | 0.30% | +0.04 |
| CGIE Cap Group Intl Equity | Add +20.0% | 0.31% | +0.03 |
| PANW Palo Alto Networks Inc. | Add +13.3% | 1.39% | +0.03 |
| KMB Kimberly-Clark Corp. | Add +45.7% | 0.12% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +7.6% | 0.46% | +0.02 |
| AMLP Alerian MLP ETF | Add +32.9% | 0.16% | +0.02 |
| GE General Electric | Add +0.2% | 0.32% | +0.02 |
| AVEM Avantis Emerging Markets Eq | Add +8.4% | 0.21% | +0.01 |
| DUK Duke Energy Corp. | Add +6.1% | 1.03% | +0.01 |
| GEV GE Vernova Inc. | Add +0.3% | 0.14% | +0.01 |
| FSK FS KKR Capital Corp. | Add +56.8% | 0.23% | +0.01 |
| VWO Vanguard Ftse Emerging Marke | Add +2.9% | 0.19% | +0.00 |
| GLDI UBS AG Et GL SHR Covr Class ETN | Add +4.4% | 0.38% | +0.00 |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | Add +0.9% | 0.10% | −0.00 |
| BSCX Invesco Bulletshares 2033 CB | Add +7.1% | 0.23% | −0.00 |
| AON Aon PLC Class A | Add +3.5% | 0.09% | −0.01 |
| IJK iShares S&P Mid-Cap 400 Grow | Add +0.3% | 0.15% | −0.01 |
| BSCU Invesco Bulletshares 2030 CB | Add +7.5% | 0.35% | −0.01 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +0.8% | 0.19% | −0.01 |
| IEF iShares 7-10 Year Treasury B | Add +0.9% | 0.08% | −0.01 |
| DLR Digital Realty Trust Inc. | Add +0.3% | 0.13% | −0.01 |
| IBM Intl Business Machines Corp. | Add +10.6% | 0.96% | −0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 153 | $244.2M | MSFT, AAPL, BRK.A, GOOGL, JPM |
| Q1 2026 | 159 | $241.7M | AAPL, MSFT, SHV, BRK.A, GOOGL |
| Q4 2025 | 165 | $258.1M | AAPL, MSFT, BRK.A, GOOGL, JPM |
| Q3 2025 | 165 | $250.9M | MSFT, AAPL, BRK.A, GOOGL, JPM |
| Q2 2025 | 163 | $227.1M | MSFT, AAPL, BRK.A, JPM, AMZN |
| Q1 2025 | 162 | $229.6M | AAPL, MSFT, BRK.A, JPM, BRK.B |
| Q4 2024 | 129 | $174.5M | MSFT, AAPL, AMZN, GOOGL, UDR |
| Q3 2024 | 133 | $176.3M | MSFT, AAPL, AMZN, UDR, GOOGL |
| Q2 2024 | 126 | $161.8M | MSFT, AAPL, AMZN, UDR, GOOGL |
| Q1 2024 | 113 | $146.0M | MSFT, AAPL, AMZN, UDR, ETN |