Hanover Advisors Inc.

Name: HANOVER ADVISORS INC 13F holdings, Q2 2025
Creator: HANOVER ADVISORS INC
Published: 2025-08-12

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

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 12, 2025), Hanover Advisors Inc. reported 97 stock positions worth $245.2 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 23.3% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 15.0%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 10.7%). Compared with Q1 2025, it opened 7 new positions, sold out of 4, added to 29 and reduced 41. The biggest buy was Vanguard 0-3M T-Bill ETF (VBIL, shares +872%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −11%).

Most Recent 13F: Q2 2026
Location: SENECA, SC
CIK: 0000914973
Portfolio Value: $245.2M (Q2 2025)
SEC Filing: 0000914973-25-000004 ↗ filed Aug 12, 2025

Holdings Value

Holdings 97 stocks · $245.2M


VTI VG Morningstar TS MKT ETF-US	23.26%	187,665	$57.0M	Reduce -9.0%
SPY SS SPDR S&P 500 ETF Trust-US	14.95%	59,349	$36.7M	Reduce -2.4%
BIL SS SPDR BB 1-3M T-Bill ETF	10.72%	286,531	$26.3M	Reduce -11.1%
VIG Vanguard Dividend Apprec ETF	7.20%	86,213	$17.6M	Reduce -1.6%
IWV iShares Russell 3000 ETF	5.88%	41,081	$14.4M	Reduce -2.1%
VBIL Vanguard 0-3M T-Bill ETF	3.76%	121,941	$9.2M	Add +871.6%
BIV Vanguard Intermediate-Term B	3.35%	106,232	$8.2M	Reduce -7.3%
MDY State Street SPDR S&P Midcap	2.62%	11,336	$6.4M	Reduce -3.6%
VOO Vanguard S&P 500 ETF	1.90%	8,191	$4.7M	Reduce -9.8%
VYM Vanguard High DVD Yield ETF	1.73%	31,733	$4.2M	Reduce -4.8%
VUG Vanguard Mrngstar GR ETF-Sui	1.38%	7,738	$3.4M	Reduce -2.1%
MSFT Microsoft Corp.	0.93%	4,561	$2.3M	Reduce -0.1%
VGT Vanguard Info Tech ETF	0.84%	3,101	$2.1M	Add +8.1%
BSCP Invesco Bulletshares 2025 CB	0.80%	94,589	$2.0M	Reduce -4.1%
VTV Vanguard Mrngstr Val ETF-Aui	0.79%	11,003	$1.9M	Reduce -6.7%
BSCR Invesco Bulletshares 2027 CB	0.68%	84,539	$1.7M	Add +1.5%
QLTA iShares Aaa - A Rated Corpor	0.65%	33,385	$1.6M	Reduce -5.4%
VNQ Vanguard Real Estate ETF	0.62%	17,074	$1.5M	Add +28.6%
VTIP Vanguard Short-Term Tips	0.62%	30,216	$1.5M	Reduce -0.1%
KO The Coca-Cola Co.	0.59%	20,298	$1.4M	No change
HYBL SS Blackstone High Inc. ETF	0.54%	46,491	$1.3M	Reduce -17.3%
VTEB Vanguard Tax-Exempt Bond ETF	0.54%	26,851	$1.3M	Add +23.2%
IEF iShares 7-10 Year Treasury B	0.50%	12,826	$1.2M	Reduce -1.3%
IXN iShares Global Tech ETF	0.49%	13,134	$1.2M	Reduce -1.9%
PKG Packaging Corp. of America	0.49%	6,423	$1.2M	Reduce -1.5%
BSCQ Invesco Bulletshares 2026 CB	0.49%	61,886	$1.2M	Reduce -3.2%
BSCS Invesco Bulletshares 2028 CB	0.49%	58,922	$1.2M	Add +4.3%
VGIT Vanguard Intermediate-Term T	0.42%	17,370	$1.0M	Add +100.0%
VEA Vanguard Ftse Developed ETF	0.42%	17,937	$1.0M	Add +66.5%
VIS Vanguard Industrials ETF	0.41%	3,623	$1.0M	Add +20.9%
AIRR First Trust Rba American Ind	0.37%	11,247	$916K	Add +5.6%
BSCT Invesco Bulletshares 2029 CB	0.35%	46,305	$866K	Add +6.8%
AOR iShares Core 60/40 Balanced	0.35%	13,848	$853K	New
DFUS Dimensional US Eq MKT ETF	0.34%	12,557	$842K	Add +23.5%
VOX Vanguard Communication Servi	0.33%	4,745	$812K	Reduce -4.2%
IWF iShares Russell 1000 Growth	0.32%	1,869	$794K	No change
XLK SS Technology Select Sector	0.30%	2,953	$748K	Reduce -6.8%
IVOO Vanguard S&P Mid-Cap 400 ETF	0.30%	7,076	$743K	Add +7.3%
BSCU Invesco Bulletshares 2030 CB	0.30%	44,186	$741K	Add +8.0%
BRK.A Berkshire Hathaway Inc. Class A	0.30%	1	$729K	No change
IWD iShares Russell 1000 Value E	0.29%	3,604	$700K	No change
MPX Marine Products Corp.	0.27%	78,135	$665K	No change
AGG iShares Core U.S. Aggregate	0.25%	6,278	$623K	Add +54.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP	0.25%	13,088	$619K	Reduce -3.0%
GLPI Gaming and Leisure Propertie	0.25%	12,946	$604K	New
EMXC iShares MSCI Emr MRK Ex Chna	0.25%	9,521	$601K	Reduce -7.2%
DON Wisdomtree US Midcap Dividen	0.24%	11,871	$595K	No change
ARKK ARK Innovation ETF	0.24%	8,331	$586K	Reduce -19.9%
VFH Vanguard Financials ETF	0.24%	4,561	$581K	Reduce -3.6%
SGOV iShares 0-3 Month Treasury B	0.23%	5,575	$561K	Add +0.9%
DFEV Dimensional Emrg MRKT Val	0.22%	18,394	$552K	Add +1.6%
BLV Vanguard Long-Term Bond ETF	0.22%	7,741	$538K	Reduce -4.4%
DISV Dimensional International SM	0.22%	16,040	$528K	Reduce -0.9%
IVOV Vanguard S&P Mid-Cap 400 Val	0.20%	5,228	$499K	Reduce -0.1%
DFIV Dimensional International Va	0.19%	10,928	$468K	Reduce -0.5%
BSCV Invesco Bulletshares 2031 CB	0.18%	27,255	$451K	Add +12.4%
DFSV Dimensional US Small Cap Val	0.18%	14,829	$436K	Reduce -4.2%
DLR Digital Realty Trust Inc.	0.17%	2,366	$412K	Reduce -1.5%
VXF Vanguard Extended Market ETF	0.17%	2,125	$410K	No change
JPM JPMorgan Chase & Co.	0.16%	1,355	$393K	No change
XLE SS Energy Select Sector	0.16%	4,605	$391K	Add +2.7%
BSCW Invesco Bulletshares 2032 CB	0.16%	18,649	$384K	Add +17.7%
HDV iShares Core High Dividend E	0.15%	3,199	$375K	No change
DUHP Dimensional US High Profi Et	0.15%	10,432	$371K	Reduce -0.3%
DFAC Dimensional US Core Equity 2	0.14%	9,810	$352K	Reduce -8.0%
HD Home Depot Inc.	0.14%	955	$350K	No change
DFAS Dimensional US Small Cap ETF	0.14%	5,211	$332K	Reduce -7.4%
SHV iShares 0-1 Year Treasury Bo	0.13%	2,993	$330K	Reduce -43.1%
GMED Globus Medical Inc. Class A	0.13%	5,580	$329K	No change
VEU Vanguard Ftse All-World Ex-U	0.13%	4,882	$328K	Reduce -13.4%
VCIT Vanguard Int-Term Corporate	0.13%	3,954	$328K	Add +7.8%
GNR State Street SPDR S&P Global	0.13%	5,908	$320K	Reduce -15.9%
BSV Vanguard Short-Term Bond ETF	0.13%	4,034	$317K	Reduce -1.0%
VOOV Vanguard S&P 500 Value ETF	0.13%	1,680	$317K	No change
VDE Vanguard Energy ETF	0.12%	2,561	$305K	Add +3.4%
OEF iShares S&P 100 ETF	0.12%	950	$289K	No change
VCSH Vanguard S/T Corp. Bond ETF	0.12%	3,632	$289K	No change
DFAT Dimensional US Target Value	0.12%	5,257	$284K	Reduce -2.0%
SHY iShares 1-3 Year Treasury Bo	0.12%	3,418	$283K	Add +2.5%
AOM iShares Core 40/60 Moderate	0.11%	5,890	$271K	New
GLD SPDR Gold Shares	0.11%	849	$259K	No change
SSB Southstate Bank Corp.	0.10%	2,780	$256K	No change
VUSB Vanguard Ultra Short Bond Et	0.10%	5,070	$253K	No change
DFNM Dimensional National Muni BD	0.10%	5,267	$250K	New
WMT Walmart Inc.	0.10%	2,550	$249K	No change
AAPL Apple Inc.	0.10%	1,212	$249K	Add +5.8%
STEW SRH Total Return Fund Inc.	0.10%	13,976	$247K	No change
DFAI Dimensional International Co.	0.10%	7,100	$245K	Add +7.8%
DWSH Advisorshares Dorsey WS ETF	0.10%	32,910	$245K	Add +152.9%
BND Vanguard Total Bond Market	0.10%	3,230	$238K	Add +12.2%
MAC The Macerich Co.	0.10%	14,551	$235K	Add +1.1%
PEP Pepsico Inc.	0.09%	1,678	$222K	No change
BNDX Vanguard Total Intl Bond ETF	0.09%	4,474	$222K	Reduce -1.9%
DFIS Dimensional International SM	0.09%	7,275	$217K	New
VNO Vornado Realty Trust	0.09%	5,666	$217K	Add +0.6%
UCB United Community Banks	0.09%	7,059	$210K	New
PDM Piedmont Realty Trust Inc.	0.04%	11,814	$86K	New

Portfolio Sells Q1 2025 → Q2 2025


BIL SS SPDR BB 1-3M T-Bill ETF	Reduce -11.1%	10.72%	−2.11
VTI VG Morningstar TS MKT ETF-US	Reduce -9.0%	23.26%	−1.33
BIV Vanguard Intermediate-Term B	Reduce -7.3%	3.35%	−0.45
VICI Vici Properties Inc.	Sold out	0.00%	−0.36
SCHB Schwab US Broad Market ETF	Sold out	0.00%	−0.22
VIG Vanguard Dividend Apprec ETF	Reduce -1.6%	7.20%	−0.18
HYBL SS Blackstone High Inc. ETF	Reduce -17.3%	0.54%	−0.14
VYM Vanguard High DVD Yield ETF	Reduce -4.8%	1.73%	−0.14
VOO Vanguard S&P 500 ETF	Reduce -9.8%	1.90%	−0.13
SHV iShares 0-1 Year Treasury Bo	Reduce -43.1%	0.13%	−0.12
ARCC Ares Capital Corp.	Sold out	0.00%	−0.10
MDY State Street SPDR S&P Midcap	Reduce -3.6%	2.62%	−0.10
VTV Vanguard Mrngstr Val ETF-Aui	Reduce -6.7%	0.79%	−0.09
BSCP Invesco Bulletshares 2025 CB	Reduce -4.1%	0.80%	−0.09
QLTA iShares Aaa - A Rated Corpor	Reduce -5.4%	0.65%	−0.08
PKG Packaging Corp. of America	Reduce -1.5%	0.49%	−0.07
BSCQ Invesco Bulletshares 2026 CB	Reduce -3.2%	0.49%	−0.05
ESRT Empire State Realty Trust-A	Sold out	0.00%	−0.04
IEF iShares 7-10 Year Treasury B	Reduce -1.3%	0.50%	−0.04
VTIP Vanguard Short-Term Tips	Reduce -0.1%	0.62%	−0.04
GNR State Street SPDR S&P Global	Reduce -15.9%	0.13%	−0.03
BLV Vanguard Long-Term Bond ETF	Reduce -4.4%	0.22%	−0.03
VEU Vanguard Ftse All-World Ex-U	Reduce -13.4%	0.13%	−0.01
DFSV Dimensional US Small Cap Val	Reduce -4.2%	0.18%	−0.01
DFAS Dimensional US Small Cap ETF	Reduce -7.4%	0.14%	−0.01
DFAC Dimensional US Core Equity 2	Reduce -8.0%	0.14%	−0.01
BSV Vanguard Short-Term Bond ETF	Reduce -1.0%	0.13%	−0.01
VFH Vanguard Financials ETF	Reduce -3.6%	0.24%	−0.01
BNDX Vanguard Total Intl Bond ETF	Reduce -1.9%	0.09%	−0.01
IVOV Vanguard S&P Mid-Cap 400 Val	Reduce -0.1%	0.20%	−0.01
DFAT Dimensional US Target Value	Reduce -2.0%	0.12%	−0.00
EMXC iShares MSCI Emr MRK Ex Chna	Reduce -7.2%	0.25%	+0.00
DUHP Dimensional US High Profi Et	Reduce -0.3%	0.15%	+0.00
DFIV Dimensional International Va	Reduce -0.5%	0.19%	+0.00
BAC Bank of America Corp.	Reduce -3.0%	0.25%	+0.01
DISV Dimensional International SM	Reduce -0.9%	0.22%	+0.01
VOX Vanguard Communication Servi	Reduce -4.2%	0.33%	+0.01
DLR Digital Realty Trust Inc.	Reduce -1.5%	0.17%	+0.02
XLK SS Technology Select Sector	Reduce -6.8%	0.30%	+0.02
ARKK ARK Innovation ETF	Reduce -19.9%	0.24%	+0.02
IXN iShares Global Tech ETF	Reduce -1.9%	0.49%	+0.05
IWV iShares Russell 3000 ETF	Reduce -2.1%	5.88%	+0.10
VUG Vanguard Mrngstar GR ETF-Sui	Reduce -2.1%	1.38%	+0.11
MSFT Microsoft Corp.	Reduce -0.1%	0.93%	+0.18
SPY SS SPDR S&P 500 ETF Trust-US	Reduce -2.4%	14.95%	+0.20

Portfolio Buys Q1 2025 → Q2 2025


VBIL Vanguard 0-3M T-Bill ETF	Add +871.6%	3.76%	+3.35
AOR iShares Core 60/40 Balanced	New	0.35%	+0.35
GLPI Gaming and Leisure Propertie	New	0.25%	+0.25
VGIT Vanguard Intermediate-Term T	Add +100.0%	0.42%	+0.20
VEA Vanguard Ftse Developed ETF	Add +66.5%	0.42%	+0.18
VGT Vanguard Info Tech ETF	Add +8.1%	0.84%	+0.16
AOM iShares Core 40/60 Moderate	New	0.11%	+0.11
DFNM Dimensional National Muni BD	New	0.10%	+0.10
VNQ Vanguard Real Estate ETF	Add +28.6%	0.62%	+0.10
VIS Vanguard Industrials ETF	Add +20.9%	0.41%	+0.09
DFIS Dimensional International SM	New	0.09%	+0.09
UCB United Community Banks	New	0.09%	+0.09
AGG iShares Core U.S. Aggregate	Add +54.9%	0.25%	+0.08
DFUS Dimensional US Eq MKT ETF	Add +23.5%	0.34%	+0.08
VTEB Vanguard Tax-Exempt Bond ETF	Add +23.2%	0.54%	+0.07
AIRR First Trust Rba American Ind	Add +5.6%	0.37%	+0.06
DWSH Advisorshares Dorsey WS ETF	Add +152.9%	0.10%	+0.06
PDM Piedmont Realty Trust Inc.	New	0.04%	+0.04
IVOO Vanguard S&P Mid-Cap 400 ETF	Add +7.3%	0.30%	+0.02
BSCW Invesco Bulletshares 2032 CB	Add +17.7%	0.16%	+0.02
DFEV Dimensional Emrg MRKT Val	Add +1.6%	0.22%	+0.01
BSCV Invesco Bulletshares 2031 CB	Add +12.4%	0.18%	+0.01
DFAI Dimensional International Co.	Add +7.8%	0.10%	+0.01
BSCU Invesco Bulletshares 2030 CB	Add +8.0%	0.30%	+0.01
BND Vanguard Total Bond Market	Add +12.2%	0.10%	+0.01
BSCT Invesco Bulletshares 2029 CB	Add +6.8%	0.35%	+0.00
VCIT Vanguard Int-Term Corporate	Add +7.8%	0.13%	+0.00
VNO Vornado Realty Trust	Add +0.6%	0.09%	−0.00
SHY iShares 1-3 Year Treasury Bo	Add +2.5%	0.12%	−0.00
BSCS Invesco Bulletshares 2028 CB	Add +4.3%	0.49%	−0.01
AAPL Apple Inc.	Add +5.8%	0.10%	−0.01
MAC The Macerich Co.	Add +1.1%	0.10%	−0.01
SGOV iShares 0-3 Month Treasury B	Add +0.9%	0.23%	−0.01
VDE Vanguard Energy ETF	Add +3.4%	0.12%	−0.01
XLE SS Energy Select Sector	Add +2.7%	0.16%	−0.02
BSCR Invesco Bulletshares 2027 CB	Add +1.5%	0.68%	−0.03

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