Hanover Advisors Inc.

Name: HANOVER ADVISORS INC 13F holdings, Q1 2025
Creator: HANOVER ADVISORS INC
Published: 2025-05-14

Q2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Hanover Advisors Inc. reported 94 stock positions worth $230.6 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 24.6% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 14.7%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 12.8%). Compared with Q4 2024, it opened 6 new positions, sold out of 3, added to 27 and reduced 32. The biggest buy was a new position in Vanguard 0-3M T-Bill ETF (VBIL) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −5%).

Most Recent 13F: Q2 2026
Location: SENECA, SC
CIK: 0000914973
Portfolio Value: $230.6M (Q1 2025)
SEC Filing: 0000914973-25-000003 ↗ filed May 14, 2025

Holdings Value

Holdings 94 stocks · $230.6M


VTI VG Morningstar TS MKT ETF-US	24.58%	206,240	$56.7M	Reduce -0.6%
SPY SS SPDR S&P 500 ETF Trust-US	14.75%	60,789	$34.0M	Reduce -5.5%
BIL SS SPDR BB 1-3M T-Bill ETF	12.83%	322,416	$29.6M	Reduce -3.6%
VIG Vanguard Dividend Apprec ETF	7.37%	87,614	$17.0M	Reduce -2.5%
IWV iShares Russell 3000 ETF	5.78%	41,981	$13.3M	Add +0.1%
BIV Vanguard Intermediate-Term B	3.80%	114,533	$8.8M	Reduce -2.9%
MDY State Street SPDR S&P Midcap	2.72%	11,759	$6.3M	Add +1.1%
VOO Vanguard S&P 500 ETF	2.02%	9,081	$4.7M	Add +8.8%
VYM Vanguard High DVD Yield ETF	1.86%	33,330	$4.3M	Add +2.6%
VUG Vanguard Mrngstar GR ETF-Sui	1.27%	7,908	$2.9M	Reduce -0.5%
BSCP Invesco Bulletshares 2025 CB	0.88%	98,589	$2.0M	Reduce -3.4%
VTV Vanguard Mrngstr Val ETF-Aui	0.88%	11,794	$2.0M	Add +1.2%
MSFT Microsoft Corp.	0.74%	4,568	$1.7M	Reduce -1.2%
QLTA iShares Aaa - A Rated Corpor	0.73%	35,277	$1.7M	Reduce -3.7%
BSCR Invesco Bulletshares 2027 CB	0.71%	83,299	$1.6M	Add +15.2%
HYBL SS Blackstone High Inc. ETF	0.69%	56,206	$1.6M	Add +17.2%
VGT Vanguard Info Tech ETF	0.68%	2,870	$1.6M	No change
VTIP Vanguard Short-Term Tips	0.65%	30,257	$1.5M	Reduce -3.6%
KO The Coca-Cola Co.	0.63%	20,298	$1.5M	No change
PKG Packaging Corp. of America	0.56%	6,520	$1.3M	No change
BSCQ Invesco Bulletshares 2026 CB	0.54%	63,938	$1.2M	Reduce -6.4%
IEF iShares 7-10 Year Treasury B	0.54%	12,998	$1.2M	Reduce -0.1%
VNQ Vanguard Real Estate ETF	0.52%	13,275	$1.2M	Add +9.7%
BSCS Invesco Bulletshares 2028 CB	0.50%	56,489	$1.1M	Add +9.9%
VTEB Vanguard Tax-Exempt Bond ETF	0.47%	21,791	$1.1M	Add +9.3%
IXN iShares Global Tech ETF	0.44%	13,387	$1.0M	Reduce -4.3%
VBIL Vanguard 0-3M T-Bill ETF	0.41%	12,551	$947K	New
VICI Vici Properties Inc. filed as VICI PPTYS INC	0.36%	25,507	$832K	Reduce -0.1%
BSCT Invesco Bulletshares 2029 CB	0.35%	43,342	$803K	Add +31.7%
BRK.A Berkshire Hathaway Inc. Class A	0.35%	1	$798K	No change
VIS Vanguard Industrials ETF	0.32%	2,997	$742K	Reduce -3.0%
VOX Vanguard Communication Servi	0.32%	4,952	$735K	Reduce -3.4%
AIRR First Trust Rba American Ind	0.32%	10,652	$727K	Reduce -0.7%
BSCU Invesco Bulletshares 2030 CB	0.29%	40,907	$679K	Add +102.5%
IWD iShares Russell 1000 Value E	0.29%	3,604	$678K	No change
IWF iShares Russell 1000 Growth	0.29%	1,869	$675K	No change
MPX Marine Products Corp.	0.28%	78,135	$656K	No change
XLK SS Technology Select Sector	0.28%	3,169	$654K	No change
IVOO Vanguard S&P Mid-Cap 400 ETF	0.28%	6,592	$651K	Add +11.5%
DFUS Dimensional US Eq MKT ETF	0.27%	10,166	$615K	Reduce -0.3%
DON Wisdomtree US Midcap Dividen	0.25%	11,871	$588K	No change
SHV iShares 0-1 Year Treasury Bo	0.25%	5,262	$581K	No change
BLV Vanguard Long-Term Bond ETF	0.25%	8,100	$570K	Reduce -5.4%
VFH Vanguard Financials ETF	0.25%	4,733	$565K	Add +4.5%
EMXC iShares MSCI Emr MRK Ex Chna	0.24%	10,254	$565K	Reduce -1.7%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.24%	13,497	$563K	No change
SGOV iShares 0-3 Month Treasury B	0.24%	5,525	$556K	Add +61.0%
VEA Vanguard Ftse Developed ETF	0.24%	10,775	$548K	No change
VGIT Vanguard Intermediate-Term T	0.22%	8,687	$516K	New
SCHB Schwab US Broad Market ETF	0.22%	23,061	$497K	No change
ARKK ARK Innovation ETF	0.21%	10,399	$495K	Reduce -1.4%
DFEV Dimensional Emrg MRKT Val	0.21%	18,101	$490K	Add +0.6%
IVOV Vanguard S&P Mid-Cap 400 Val	0.21%	5,233	$482K	Add +0.0%
DISV Dimensional International SM	0.20%	16,194	$472K	No change
DFSV Dimensional US Small Cap Val	0.19%	15,475	$436K	Reduce -0.2%
DFIV Dimensional International Va	0.19%	10,983	$432K	Reduce -1.0%
XLE SS Energy Select Sector	0.18%	4,482	$419K	Reduce -8.9%
GMED Globus Medical Inc. Class A	0.18%	5,580	$408K	No change
AGG iShares Core U.S. Aggregate	0.17%	4,052	$401K	Add +0.6%
BSCV Invesco Bulletshares 2031 CB	0.17%	24,246	$395K	Add +60.5%
HDV iShares Core High Dividend E	0.17%	3,199	$387K	No change
GNR State Street SPDR S&P Global	0.16%	7,028	$374K	No change
VXF Vanguard Extended Market ETF	0.16%	2,125	$366K	Reduce -5.4%
DFAC Dimensional US Core Equity 2	0.15%	10,660	$352K	No change
HD Home Depot Inc.	0.15%	955	$350K	No change
DUHP Dimensional US High Profi Et	0.15%	10,462	$347K	No change
DLR Digital Realty Trust Inc.	0.15%	2,401	$344K	Add +0.2%
VEU Vanguard Ftse All-World Ex-U	0.15%	5,636	$342K	Add +53.5%
DFAS Dimensional US Small Cap ETF	0.15%	5,627	$336K	No change
JPM JPMorgan Chase & Co.	0.14%	1,355	$332K	Add +12.2%
BSCW Invesco Bulletshares 2032 CB	0.14%	15,843	$323K	New
VDE Vanguard Energy ETF	0.14%	2,477	$321K	Add +13.3%
BSV Vanguard Short-Term Bond ETF	0.14%	4,074	$319K	No change
VOOV Vanguard S&P 500 Value ETF	0.13%	1,680	$309K	Add +0.4%
VCIT Vanguard Int-Term Corporate	0.13%	3,667	$300K	Add +7.2%
VCSH Vanguard S/T Corp. Bond ETF	0.12%	3,632	$287K	Reduce -15.2%
DFAT Dimensional US Target Value	0.12%	5,367	$276K	Reduce -10.1%
SHY iShares 1-3 Year Treasury Bo	0.12%	3,334	$276K	New
SSB Southstate Bank Corp.	0.11%	2,780	$258K	No change
OEF iShares S&P 100 ETF	0.11%	950	$257K	No change
AAPL Apple Inc.	0.11%	1,146	$255K	No change
VUSB Vanguard Ultra Short Bond Et	0.11%	5,070	$253K	Reduce -26.5%
PEP Pepsico Inc.	0.11%	1,678	$252K	No change
MAC The Macerich Co.	0.11%	14,392	$247K	Reduce -8.6%
GLD SPDR Gold Shares	0.11%	849	$245K	No change
STEW SRH Total Return Fund Inc.	0.10%	13,976	$241K	No change
ARCC Ares Capital Corp.	0.10%	10,839	$240K	Add +7.2%
WMT Walmart Inc.	0.10%	2,550	$224K	No change
BNDX Vanguard Total Intl Bond ETF	0.10%	4,563	$223K	Reduce -1.3%
BND Vanguard Total Bond Market	0.09%	2,878	$211K	Reduce -13.8%
VNO Vornado Realty Trust	0.09%	5,632	$208K	Add +1.7%
DFAI Dimensional International Co.	0.09%	6,589	$206K	New
DWSH Advisorshares Dorsey WS ETF	0.04%	13,014	$98K	New
ESRT Empire State Realty Trust-A	0.04%	11,305	$88K	Reduce -11.6%

Portfolio Sells Q4 2024 → Q1 2025


SPY SS SPDR S&P 500 ETF Trust-US	Reduce -5.5%	14.75%	−1.06
VTI VG Morningstar TS MKT ETF-US	Reduce -0.6%	24.58%	−0.66
VUG Vanguard Mrngstar GR ETF-Sui	Reduce -0.5%	1.27%	−0.10
UCB United Community Banks	Sold out	0.00%	−0.10
RXST Rxsight Inc.	Sold out	0.00%	−0.09
MSFT Microsoft Corp.	Reduce -1.2%	0.74%	−0.07
PK Park Hotels & Resorts Inc.	Sold out	0.00%	−0.06
IXN iShares Global Tech ETF	Reduce -4.3%	0.44%	−0.06
ARKK ARK Innovation ETF	Reduce -1.4%	0.21%	−0.04
VUSB Vanguard Ultra Short Bond Et	Reduce -26.5%	0.11%	−0.03
AIRR First Trust Rba American Ind	Reduce -0.7%	0.32%	−0.03
MAC The Macerich Co.	Reduce -8.6%	0.11%	−0.02
VXF Vanguard Extended Market ETF	Reduce -5.4%	0.16%	−0.02
DFAT Dimensional US Target Value	Reduce -10.1%	0.12%	−0.02
ESRT Empire State Realty Trust-A	Reduce -11.6%	0.04%	−0.02
BSCQ Invesco Bulletshares 2026 CB	Reduce -6.4%	0.54%	−0.02
VCSH Vanguard S/T Corp. Bond ETF	Reduce -15.2%	0.12%	−0.02
VOX Vanguard Communication Servi	Reduce -3.4%	0.32%	−0.01
VIG Vanguard Dividend Apprec ETF	Reduce -2.5%	7.37%	−0.01
DFSV Dimensional US Small Cap Val	Reduce -0.2%	0.19%	−0.01
BND Vanguard Total Bond Market	Reduce -13.8%	0.09%	−0.01
VIS Vanguard Industrials ETF	Reduce -3.0%	0.32%	−0.01
BIL SS SPDR BB 1-3M T-Bill ETF	Reduce -3.6%	12.83%	−0.01
DFUS Dimensional US Eq MKT ETF	Reduce -0.3%	0.27%	−0.01
BSCP Invesco Bulletshares 2025 CB	Reduce -3.4%	0.88%	−0.00
BNDX Vanguard Total Intl Bond ETF	Reduce -1.3%	0.10%	+0.00
BLV Vanguard Long-Term Bond ETF	Reduce -5.4%	0.25%	+0.00
EMXC iShares MSCI Emr MRK Ex Chna	Reduce -1.7%	0.24%	+0.00
XLE SS Energy Select Sector	Reduce -8.9%	0.18%	+0.00
QLTA iShares Aaa - A Rated Corpor	Reduce -3.7%	0.73%	+0.01
VTIP Vanguard Short-Term Tips	Reduce -3.6%	0.65%	+0.02
DFIV Dimensional International Va	Reduce -1.0%	0.19%	+0.02
IEF iShares 7-10 Year Treasury B	Reduce -0.1%	0.54%	+0.03
VICI Vici Properties Inc.	Reduce -0.1%	0.36%	+0.05
BIV Vanguard Intermediate-Term B	Reduce -2.9%	3.80%	+0.10

Portfolio Buys Q4 2024 → Q1 2025


VBIL Vanguard 0-3M T-Bill ETF	New	0.41%	+0.41
VGIT Vanguard Intermediate-Term T	New	0.22%	+0.22
BSCU Invesco Bulletshares 2030 CB	Add +102.5%	0.29%	+0.16
BSCW Invesco Bulletshares 2032 CB	New	0.14%	+0.14
VOO Vanguard S&P 500 ETF	Add +8.8%	2.02%	+0.14
VYM Vanguard High DVD Yield ETF	Add +2.6%	1.86%	+0.13
SHY iShares 1-3 Year Treasury Bo	New	0.12%	+0.12
BSCR Invesco Bulletshares 2027 CB	Add +15.2%	0.71%	+0.12
HYBL SS Blackstone High Inc. ETF	Add +17.2%	0.69%	+0.11
SGOV iShares 0-3 Month Treasury B	Add +61.0%	0.24%	+0.10
BSCT Invesco Bulletshares 2029 CB	Add +31.7%	0.35%	+0.10
DFAI Dimensional International Co.	New	0.09%	+0.09
BSCV Invesco Bulletshares 2031 CB	Add +60.5%	0.17%	+0.07
VNQ Vanguard Real Estate ETF	Add +9.7%	0.52%	+0.07
BSCS Invesco Bulletshares 2028 CB	Add +9.9%	0.50%	+0.06
VEU Vanguard Ftse All-World Ex-U	Add +53.5%	0.15%	+0.06
VTV Vanguard Mrngstr Val ETF-Aui	Add +1.2%	0.88%	+0.06
VTEB Vanguard Tax-Exempt Bond ETF	Add +9.3%	0.47%	+0.05
DWSH Advisorshares Dorsey WS ETF	New	0.04%	+0.04
VDE Vanguard Energy ETF	Add +13.3%	0.14%	+0.03
JPM JPMorgan Chase & Co.	Add +12.2%	0.14%	+0.02
VFH Vanguard Financials ETF	Add +4.5%	0.25%	+0.02
IVOO Vanguard S&P Mid-Cap 400 ETF	Add +11.5%	0.28%	+0.02
VCIT Vanguard Int-Term Corporate	Add +7.2%	0.13%	+0.01
DFEV Dimensional Emrg MRKT Val	Add +0.6%	0.21%	+0.01
ARCC Ares Capital Corp.	Add +7.2%	0.10%	+0.01
AGG iShares Core U.S. Aggregate	Add +0.6%	0.17%	+0.01
VOOV Vanguard S&P 500 Value ETF	Add +0.4%	0.13%	+0.00
IVOV Vanguard S&P Mid-Cap 400 Val	Add +0.0%	0.21%	−0.00
VNO Vornado Realty Trust	Add +1.7%	0.09%	−0.01
DLR Digital Realty Trust Inc.	Add +0.2%	0.15%	−0.03
MDY State Street SPDR S&P Midcap	Add +1.1%	2.72%	−0.06
IWV iShares Russell 3000 ETF	Add +0.1%	5.78%	−0.10

All Filings

Quarter	Positions	13F Reported Value	Top Holdings
Q2 2026	122	$277.6M	VTI, SPY, VIG, IWV, AOR
Q1 2026	118	$246.1M	VTI, SPY, VIG, IWV, BIV
Q4 2025	109	$257.6M	VTI, SPY, VIG, IWV, BIL
Q3 2025	103	$257.7M	VTI, SPY, VIG, IWV, BIL
Q2 2025	97	$245.2M	VTI, SPY, BIL, VIG, IWV
Q1 2025	94	$230.6M	VTI, SPY, BIL, VIG, IWV
Q4 2024	91	$238.3M	VTI, SPY, BIL, VIG, IWV
Q3 2024	93	$238.1M	VTI, SPY, BIL, VIG, IWV
Q2 2024	91	$225.1M	VTI, SPY, BIL, VIG, IWV
Q1 2024	92	$238.3M	VTI, SPY, BIL, VIG, IWV