Hanover Advisors Inc.

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), Hanover Advisors Inc. reported 103 stock positions worth $257.7 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 23.8% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 15.3%) and Vanguard Dividend Apprec ETF (VIG, 7.0%). Compared with Q2 2025, it opened 6 new positions, added to 32 and reduced 29. The biggest buy was iShares Core 40/60 Moderate (AOM, shares +2035%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −49%).

Most Recent 13F
Q2 2026
Location
SENECA, SC
CIK
0000914973
Portfolio Value
$257.7M (Q3 2025)
SEC Filing
0000914973-25-000006 ↗ filed Nov 6, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $238.3M Q1 2024 Q2 2024: $225.1M Q2 2024 Q3 2024: $238.1M Q3 2024 Q4 2024: $238.3M Q4 2024 Q1 2025: $230.6M Q1 2025 Q2 2025: $245.2M Q2 2025 Q3 2025: $257.7M $257.7M Q3 2025 Q4 2025: $257.6M Q4 2025 Q1 2026: $246.1M Q1 2026 Q2 2026: $277.6M Q2 2026

Holdings 103 stocks · $257.7M
VTI VG Morningstar TS MKT ETF-US 23.77% 186,683 $61.3M Reduce -0.5%
SPY SS SPDR S&P 500 ETF Trust-US 15.35% 59,366 $39.5M Add +0.0%
VIG Vanguard Dividend Apprec ETF 7.03% 83,947 $18.1M Reduce -2.6%
IWV iShares Russell 3000 ETF 5.74% 39,020 $14.8M Reduce -5.0%
BIL SS SPDR BB 1-3M T-Bill ETF 5.18% 145,614 $13.4M Reduce -49.2%
BIV Vanguard Intermediate-Term B 3.15% 103,873 $8.1M Reduce -2.2%
MDY State Street SPDR S&P Midcap 2.63% 11,372 $6.8M Add +0.3%
VBIL Vanguard 0-3M T-Bill ETF 2.58% 88,000 $6.7M Reduce -27.8%
AOR iShares Core 60/40 Balanced 2.42% 96,731 $6.2M Add +598.5%
AOM iShares Core 40/60 Moderate 2.32% 125,743 $6.0M Add +2034.9%
VOO Vanguard S&P 500 ETF 1.95% 8,191 $5.0M No change
VYM Vanguard High DVD Yield ETF 1.70% 30,993 $4.4M Reduce -2.3%
VUG Vanguard Mrngstar GR ETF-Sui 1.43% 7,681 $3.7M Reduce -0.7%
MSFT Microsoft Corp. 0.92% 4,561 $2.4M No change
VGT Vanguard Info Tech ETF 0.89% 3,074 $2.3M Reduce -0.9%
VTV Vanguard Mrngstr Val ETF-Aui 0.81% 11,185 $2.1M Add +1.6%
BSCP Invesco Bulletshares 2025 CB 0.76% 94,369 $2.0M Reduce -0.2%
BSCR Invesco Bulletshares 2027 CB 0.64% 84,163 $1.7M Reduce -0.4%
QLTA iShares Aaa - A Rated Corpor 0.62% 32,724 $1.6M Reduce -2.0%
VTIP Vanguard Short-Term Tips 0.60% 30,409 $1.5M Add +0.6%
VNQ Vanguard Real Estate ETF 0.59% 16,649 $1.5M Reduce -2.5%
PKG Packaging Corp. of America 0.54% 6,423 $1.4M No change
IXN iShares Global Tech ETF 0.54% 13,497 $1.4M Add +2.8%
KO The Coca-Cola Co. 0.52% 20,298 $1.3M No change
VTEB Vanguard Tax-Exempt Bond ETF 0.52% 26,851 $1.3M No change
VEA Vanguard Ftse Developed ETF 0.52% 22,418 $1.3M Add +25.0%
HYBL SS Blackstone High Inc. ETF 0.50% 44,663 $1.3M Reduce -3.9%
TSLA Tesla Inc. 0.48% 2,800 $1.2M New
BSCS Invesco Bulletshares 2028 CB 0.48% 60,334 $1.2M Add +2.4%
BSCQ Invesco Bulletshares 2026 CB 0.47% 61,987 $1.2M Add +0.2%
IEF iShares 7-10 Year Treasury B 0.46% 12,379 $1.2M Reduce -3.5%
AIRR First Trust Rba American Ind 0.44% 11,704 $1.1M Add +4.1%
VIS Vanguard Industrials ETF 0.42% 3,643 $1.1M Add +0.6%
VGIT Vanguard Intermediate-Term T 0.39% 16,616 $997K Reduce -4.3%
ARKG ARK Genomic Revolution ETF 0.37% 34,629 $962K New
VOX Vanguard Communication Servi 0.35% 4,791 $899K Add +1.0%
DFUS Dimensional US Eq MKT ETF 0.35% 12,397 $898K Reduce -1.3%
BSCT Invesco Bulletshares 2029 CB 0.35% 47,342 $891K Add +2.2%
PLTR Palantir Technologies Inc. Class A 0.34% 4,860 $887K New
IWF iShares Russell 1000 Growth 0.34% 1,869 $875K No change
AGG iShares Core U.S. Aggregate 0.33% 8,540 $856K Add +36.0%
XLK SS Technology Select Sector 0.32% 2,946 $830K Reduce -0.2%
BRK.B Berkshire Hathaway Inc. Class B 0.32% 1,627 $818K New
BSCU Invesco Bulletshares 2030 CB 0.31% 46,847 $792K Add +6.0%
ARKK ARK Innovation ETF 0.30% 9,090 $784K Add +9.1%
BRK.A Berkshire Hathaway Inc. Class A 0.29% 1 $754K No change
IVOO Vanguard S&P Mid-Cap 400 ETF 0.29% 6,662 $735K Reduce -5.8%
IWD iShares Russell 1000 Value E 0.28% 3,604 $734K No change
EMXC iShares MSCI Emr MRK Ex Chna 0.28% 10,642 $718K Add +11.8%
MPX Marine Products Corp. 0.27% 78,135 $693K No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.26% 13,088 $675K No change
DON Wisdomtree US Midcap Dividen 0.24% 11,871 $621K No change
GLPI Gaming and Leisure Propertie 0.23% 12,918 $602K Reduce -0.2%
VFH Vanguard Financials ETF 0.23% 4,561 $599K No change
DFEV Dimensional Emrg MRKT Val 0.23% 18,447 $588K Add +0.3%
DISV Dimensional International SM 0.22% 16,040 $572K No change
SGOV iShares 0-3 Month Treasury B 0.22% 5,525 $556K Reduce -0.9%
DFIV Dimensional International Va 0.21% 11,498 $530K Add +5.2%
BLV Vanguard Long-Term Bond ETF 0.20% 7,446 $528K Reduce -3.8%
IVOV Vanguard S&P Mid-Cap 400 Val 0.20% 5,186 $523K Reduce -0.8%
DFSV Dimensional US Small Cap Val 0.20% 16,405 $522K Add +10.6%
BSCV Invesco Bulletshares 2031 CB 0.19% 29,859 $498K Add +9.6%
VXF Vanguard Extended Market ETF 0.17% 2,123 $444K Reduce -0.1%
BSCW Invesco Bulletshares 2032 CB 0.17% 21,256 $444K Add +14.0%
JPM JPMorgan Chase & Co. 0.17% 1,355 $427K No change
DLR Digital Realty Trust Inc. 0.17% 2,472 $427K Add +4.5%
XLE SS Energy Select Sector 0.16% 4,593 $410K Reduce -0.3%
DUHP Dimensional US High Profi Et 0.15% 10,432 $394K No change
HDV iShares Core High Dividend E 0.15% 3,199 $392K No change
HD Home Depot Inc. 0.15% 955 $387K No change
DFAS Dimensional US Small Cap ETF 0.15% 5,527 $378K Add +6.1%
DFAC Dimensional US Core Equity 2 0.15% 9,810 $378K No change
GNR State Street SPDR S&P Global 0.14% 6,033 $357K Add +2.1%
VEU Vanguard Ftse All-World Ex-U 0.14% 4,912 $351K Add +0.6%
VOOV Vanguard S&P 500 Value ETF 0.13% 1,680 $335K No change
VCIT Vanguard Int-Term Corporate 0.13% 3,954 $333K No change
SHV iShares 0-1 Year Treasury Bo 0.13% 2,993 $331K No change
DFAT Dimensional US Target Value 0.13% 5,604 $326K Add +6.6%
VDE Vanguard Energy ETF 0.13% 2,561 $322K No change
GMED Globus Medical Inc. Class A 0.12% 5,580 $320K No change
BSV Vanguard Short-Term Bond ETF 0.12% 4,034 $318K No change
OEF iShares S&P 100 ETF 0.12% 950 $316K No change
AAPL Apple Inc. 0.12% 1,195 $304K Reduce -1.4%
GLD SPDR Gold Shares 0.12% 849 $302K No change
DFAI Dimensional International Co. 0.11% 8,110 $295K Add +14.2%
VCSH Vanguard S/T Corp. Bond ETF 0.11% 3,632 $290K No change
SHY iShares 1-3 Year Treasury Bo 0.11% 3,418 $284K No change
AOA iShares Core 80/20 Aggressiv 0.11% 3,156 $278K New
SSB Southstate Bank Corp. 0.11% 2,780 $275K No change
XLI SS Industrial Select Sector 0.10% 1,734 $267K New
MAC The Macerich Co. 0.10% 14,539 $265K Reduce -0.1%
WMT Walmart Inc. 0.10% 2,550 $263K No change
BNDX Vanguard Total Intl Bond ETF 0.10% 5,288 $262K Add +18.2%
STEW SRH Total Return Fund Inc. 0.10% 13,976 $254K No change
DFNM Dimensional National Muni BD 0.10% 5,267 $253K No change
VUSB Vanguard Ultra Short Bond Et 0.10% 4,998 $250K Reduce -1.4%
BND Vanguard Total Bond Market 0.09% 3,230 $240K No change
VNO Vornado Realty Trust 0.09% 5,844 $237K Add +3.1%
PEP Pepsico Inc. 0.09% 1,678 $236K No change
DFIS Dimensional International SM 0.09% 7,275 $230K No change
UCB United Community Banks 0.09% 7,059 $221K No change
DWSH Advisorshares Dorsey WS ETF 0.06% 21,417 $147K Reduce -34.9%
PDM Piedmont Realty Trust Inc. 0.05% 13,499 $121K Add +14.3%

Portfolio Sells Q2 2025 → Q3 2025
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -49.2% 5.18% −5.53
VBIL Vanguard 0-3M T-Bill ETF Reduce -27.8% 2.58% −1.17
BIV Vanguard Intermediate-Term B Reduce -2.2% 3.15% −0.20
VIG Vanguard Dividend Apprec ETF Reduce -2.6% 7.03% −0.17
IWV iShares Russell 3000 ETF Reduce -5.0% 5.74% −0.14
HYBL SS Blackstone High Inc. ETF Reduce -3.9% 0.50% −0.05
DWSH Advisorshares Dorsey WS ETF Reduce -34.9% 0.06% −0.04
BSCP Invesco Bulletshares 2025 CB Reduce -0.2% 0.76% −0.04
IEF iShares 7-10 Year Treasury B Reduce -3.5% 0.46% −0.04
VGIT Vanguard Intermediate-Term T Reduce -4.3% 0.39% −0.04
QLTA iShares Aaa - A Rated Corpor Reduce -2.0% 0.62% −0.04
BSCR Invesco Bulletshares 2027 CB Reduce -0.4% 0.64% −0.03
VYM Vanguard High DVD Yield ETF Reduce -2.3% 1.70% −0.03
VNQ Vanguard Real Estate ETF Reduce -2.5% 0.59% −0.03
IVOO Vanguard S&P Mid-Cap 400 ETF Reduce -5.8% 0.29% −0.02
BLV Vanguard Long-Term Bond ETF Reduce -3.8% 0.20% −0.01
SGOV iShares 0-3 Month Treasury B Reduce -0.9% 0.22% −0.01
GLPI Gaming and Leisure Propertie Reduce -0.2% 0.23% −0.01
VUSB Vanguard Ultra Short Bond Et Reduce -1.4% 0.10% −0.01
IVOV Vanguard S&P Mid-Cap 400 Val Reduce -0.8% 0.20% −0.00
XLE SS Energy Select Sector Reduce -0.3% 0.16% 0.00
DFUS Dimensional US Eq MKT ETF Reduce -1.3% 0.35% +0.01
VXF Vanguard Extended Market ETF Reduce -0.1% 0.17% +0.01
MAC The Macerich Co. Reduce -0.1% 0.10% +0.01
AAPL Apple Inc. Reduce -1.4% 0.12% +0.02
XLK SS Technology Select Sector Reduce -0.2% 0.32% +0.02
VUG Vanguard Mrngstar GR ETF-Sui Reduce -0.7% 1.43% +0.05
VGT Vanguard Info Tech ETF Reduce -0.9% 0.89% +0.05
VTI VG Morningstar TS MKT ETF-US Reduce -0.5% 23.77% +0.51

Portfolio Buys Q2 2025 → Q3 2025
AOM iShares Core 40/60 Moderate Add +2034.9% 2.32% +2.21
AOR iShares Core 60/40 Balanced Add +598.5% 2.42% +2.07
TSLA Tesla Inc. New 0.48% +0.48
SPY SS SPDR S&P 500 ETF Trust-US Add +0.0% 15.35% +0.39
ARKG ARK Genomic Revolution ETF New 0.37% +0.37
PLTR Palantir Technologies Inc. Class A New 0.34% +0.34
BRK.B Berkshire Hathaway Inc. Class B New 0.32% +0.32
AOA iShares Core 80/20 Aggressiv New 0.11% +0.11
VEA Vanguard Ftse Developed ETF Add +25.0% 0.52% +0.10
XLI SS Industrial Select Sector New 0.10% +0.10
AGG iShares Core U.S. Aggregate Add +36.0% 0.33% +0.08
AIRR First Trust Rba American Ind Add +4.1% 0.44% +0.07
ARKK ARK Innovation ETF Add +9.1% 0.30% +0.07
IXN iShares Global Tech ETF Add +2.8% 0.54% +0.05
EMXC iShares MSCI Emr MRK Ex Chna Add +11.8% 0.28% +0.03
DFSV Dimensional US Small Cap Val Add +10.6% 0.20% +0.02
VOX Vanguard Communication Servi Add +1.0% 0.35% +0.02
VTV Vanguard Mrngstr Val ETF-Aui Add +1.6% 0.81% +0.02
BSCW Invesco Bulletshares 2032 CB Add +14.0% 0.17% +0.02
DFIV Dimensional International Va Add +5.2% 0.21% +0.01
DFAI Dimensional International Co. Add +14.2% 0.11% +0.01
PDM Piedmont Realty Trust Inc. Add +14.3% 0.05% +0.01
DFAS Dimensional US Small Cap ETF Add +6.1% 0.15% +0.01
MDY State Street SPDR S&P Midcap Add +0.3% 2.63% +0.01
BNDX Vanguard Total Intl Bond ETF Add +18.2% 0.10% +0.01
DFAT Dimensional US Target Value Add +6.6% 0.13% +0.01
BSCV Invesco Bulletshares 2031 CB Add +9.6% 0.19% +0.01
GNR State Street SPDR S&P Global Add +2.1% 0.14% +0.01
VIS Vanguard Industrials ETF Add +0.6% 0.42% +0.01
BSCU Invesco Bulletshares 2030 CB Add +6.0% 0.31% +0.00
VNO Vornado Realty Trust Add +3.1% 0.09% +0.00
DFEV Dimensional Emrg MRKT Val Add +0.3% 0.23% +0.00
VEU Vanguard Ftse All-World Ex-U Add +0.6% 0.14% +0.00
DLR Digital Realty Trust Inc. Add +4.5% 0.17% −0.00
BSCT Invesco Bulletshares 2029 CB Add +2.2% 0.35% −0.01
BSCS Invesco Bulletshares 2028 CB Add +2.4% 0.48% −0.01
VTIP Vanguard Short-Term Tips Add +0.6% 0.60% −0.02
BSCQ Invesco Bulletshares 2026 CB Add +0.2% 0.47% −0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 122$277.6MVTI, SPY, VIG, IWV, AOR
Q1 2026 118$246.1MVTI, SPY, VIG, IWV, BIV
Q4 2025 109$257.6MVTI, SPY, VIG, IWV, BIL
Q3 2025 103$257.7MVTI, SPY, VIG, IWV, BIL
Q2 2025 97$245.2MVTI, SPY, BIL, VIG, IWV
Q1 2025 94$230.6MVTI, SPY, BIL, VIG, IWV
Q4 2024 91$238.3MVTI, SPY, BIL, VIG, IWV
Q3 2024 93$238.1MVTI, SPY, BIL, VIG, IWV
Q2 2024 91$225.1MVTI, SPY, BIL, VIG, IWV
Q1 2024 92$238.3MVTI, SPY, BIL, VIG, IWV