Hanover Advisors Inc.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Hanover Advisors Inc. reported 109 stock positions worth $257.6 million. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 24.3% of the portfolio, followed by SS SPDR S&P 500 ETF Trust-US (SPY, 15.6%) and Vanguard Dividend Apprec ETF (VIG, 7.1%). Compared with Q3 2025, it opened 11 new positions, sold out of 5, added to 29 and reduced 37. The biggest buy was iShares Core 80/20 Aggressiv (AOA, shares +1046%) and the biggest sale SS SPDR BB 1-3M T-Bill ETF (BIL, shares −25%).

Most Recent 13F
Q2 2026
Location
SENECA, SC
CIK
0000914973
Portfolio Value
$257.6M (Q4 2025)
SEC Filing
0000914973-26-000001 ↗ filed Feb 17, 2026

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 Q3 2025 Q4 2025: $257.6M $257.6M Q4 2025 Q1 2026: $246.1M Q1 2026 Q2 2026: $277.6M Q2 2026

Holdings 109 stocks · $257.6M
VTI VG Morningstar TS MKT ETF-US 24.27% 186,480 $62.5M Reduce -0.1%
SPY SS SPDR S&P 500 ETF Trust-US 15.65% 59,094 $40.3M Reduce -0.5%
VIG Vanguard Dividend Apprec ETF 7.06% 82,731 $18.2M Reduce -1.4%
IWV iShares Russell 3000 ETF 5.75% 38,315 $14.8M Reduce -1.8%
BIL SS SPDR BB 1-3M T-Bill ETF 3.89% 109,520 $10.0M Reduce -24.8%
BIV Vanguard Intermediate-Term B 3.15% 104,013 $8.1M Add +0.1%
MDY State Street SPDR S&P Midcap 2.61% 11,127 $6.7M Reduce -2.1%
AOR iShares Core 60/40 Balanced 2.54% 100,435 $6.5M Add +3.8%
VBIL Vanguard 0-3M T-Bill ETF 2.33% 79,600 $6.0M Reduce -9.6%
VOO Vanguard S&P 500 ETF 1.98% 8,146 $5.1M Reduce -0.6%
VYM Vanguard High DVD Yield ETF 1.72% 30,870 $4.4M Reduce -0.4%
AOM iShares Core 40/60 Moderate 1.46% 78,751 $3.8M Reduce -37.4%
VUG Vanguard Mrngstar GR ETF-Sui 1.43% 7,549 $3.7M Reduce -1.7%
AOA iShares Core 80/20 Aggressiv 1.26% 36,181 $3.2M Add +1046.4%
VGT Vanguard Info Tech ETF 0.88% 3,014 $2.3M Reduce -1.9%
MSFT Microsoft Corp. 0.84% 4,466 $2.2M Reduce -2.1%
VTV Vanguard Mrngstr Val ETF-Aui 0.83% 11,142 $2.1M Reduce -0.4%
BSCR Invesco Bulletshares 2027 CB 0.66% 85,684 $1.7M Add +1.8%
TSLA Tesla Inc. 0.63% 3,617 $1.6M Add +29.2%
QLTA iShares Aaa - A Rated Corpor 0.58% 30,837 $1.5M Reduce -5.8%
IXN iShares Global Tech ETF 0.57% 13,867 $1.5M Add +2.7%
VNQ Vanguard Real Estate ETF 0.56% 16,445 $1.5M Reduce -1.2%
VTEB Vanguard Tax-Exempt Bond ETF 0.56% 28,686 $1.4M Add +6.8%
VTIP Vanguard Short-Term Tips 0.55% 28,793 $1.4M Reduce -5.3%
KO The Coca-Cola Co. 0.55% 20,298 $1.4M No change
VEA Vanguard Ftse Developed ETF 0.52% 21,597 $1.3M Reduce -3.7%
PKG Packaging Corp. of America 0.51% 6,423 $1.3M No change
BSCS Invesco Bulletshares 2028 CB 0.51% 63,713 $1.3M Add +5.6%
AIRR First Trust Rba American Ind 0.50% 13,083 $1.3M Add +11.8%
BRK.B Berkshire Hathaway Inc. Class B 0.49% 2,487 $1.3M Add +52.9%
BSCQ Invesco Bulletshares 2026 CB 0.47% 61,301 $1.2M Reduce -1.1%
IEF iShares 7-10 Year Treasury B 0.46% 12,256 $1.2M Reduce -1.0%
PLTR Palantir Technologies Inc. Class A 0.43% 6,273 $1.1M Add +29.1%
VIS Vanguard Industrials ETF 0.42% 3,643 $1.1M No change
ARKG ARK Genomic Revolution ETF 0.40% 35,589 $1.0M Add +2.8%
VGIT Vanguard Intermediate-Term T 0.38% 16,133 $967K Reduce -2.9%
VOX Vanguard Communication Servi 0.37% 4,950 $958K Add +3.3%
BSCT Invesco Bulletshares 2029 CB 0.37% 50,882 $958K Add +7.5%
DFUS Dimensional US Eq MKT ETF 0.36% 12,397 $919K No change
IWF iShares Russell 1000 Growth 0.34% 1,869 $885K No change
XLK SS Technology Select Sector 0.33% 5,883 $847K Reduce -0.1%
BSCU Invesco Bulletshares 2030 CB 0.33% 49,852 $843K Add +6.4%
AGG iShares Core U.S. Aggregate 0.32% 8,176 $817K Reduce -4.3%
EMXC iShares MSCI Emr MRK Ex Chna 0.32% 11,165 $811K Add +4.9%
IWD iShares Russell 1000 Value E 0.29% 3,604 $758K No change
BRK.A Berkshire Hathaway Inc. Class A 0.29% 1 $755K No change
IVOO Vanguard S&P Mid-Cap 400 ETF 0.29% 6,633 $742K Reduce -0.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.28% 13,088 $720K No change
ARKK ARK Innovation ETF 0.27% 9,150 $704K Add +0.7%
MPX Marine Products Corp. 0.27% 78,135 $684K No change
DFEV Dimensional Emrg MRKT Val 0.24% 18,470 $623K Add +0.1%
DFSV Dimensional US Small Cap Val 0.24% 18,759 $617K Add +14.3%
DON Wisdomtree US Midcap Dividen 0.24% 11,871 $613K No change
HYBL SS Blackstone High Inc. ETF 0.24% 21,522 $612K Reduce -51.8%
DISV Dimensional International SM 0.24% 16,040 $610K No change
VFH Vanguard Financials ETF 0.24% 4,561 $609K No change
KBWB Invesco KBW Bank ETF 0.23% 7,155 $603K New
DFIV Dimensional International Va 0.23% 11,887 $593K Add +3.4%
KBE SS SPDR S&P Bank ETF 0.22% 9,191 $558K New
SGOV iShares 0-3 Month Treasury B 0.22% 5,525 $555K No change
BSCV Invesco Bulletshares 2031 CB 0.21% 32,038 $535K Add +7.3%
IVOV Vanguard S&P Mid-Cap 400 Val 0.20% 5,186 $524K No change
GMED Globus Medical Inc. Class A 0.19% 5,580 $487K No change
BSCW Invesco Bulletshares 2032 CB 0.19% 23,121 $483K Add +8.8%
VXF Vanguard Extended Market ETF 0.17% 2,123 $444K No change
XLE SS Energy Select Sector 0.17% 9,827 $439K Add +7.0%
DUHP Dimensional US High Profi Et 0.15% 10,432 $397K No change
DFAC Dimensional US Core Equity 2 0.15% 9,890 $392K Add +0.8%
DFAS Dimensional US Small Cap ETF 0.15% 5,587 $389K Add +1.1%
HDV iShares Core High Dividend E 0.15% 3,199 $389K No change
JPM JPMorgan Chase & Co. 0.15% 1,164 $375K Reduce -14.1%
GNR State Street SPDR S&P Global 0.14% 5,889 $366K Reduce -2.4%
VEU Vanguard Ftse All-World Ex-U 0.14% 4,929 $363K Add +0.3%
VOOV Vanguard S&P 500 Value ETF 0.13% 1,680 $344K No change
DFAI Dimensional International Co. 0.13% 8,892 $339K Add +9.6%
GLD SPDR Gold Shares 0.13% 849 $336K No change
DFAT Dimensional US Target Value 0.13% 5,595 $333K Reduce -0.2%
HD Home Depot Inc. 0.13% 949 $327K Reduce -0.6%
OEF iShares S&P 100 ETF 0.13% 950 $326K No change
AAPL Apple Inc. 0.13% 1,195 $325K No change
VDE Vanguard Energy ETF 0.13% 2,561 $322K No change
BSV Vanguard Short-Term Bond ETF 0.12% 4,013 $316K Reduce -0.5%
VCIT Vanguard Int-Term Corporate 0.12% 3,751 $314K Reduce -5.1%
GLPI Gaming and Leisure Propertie 0.12% 6,929 $310K Reduce -46.4%
XLI SS Industrial Select Sector 0.12% 1,983 $308K Add +14.4%
VCSH Vanguard S/T Corp. Bond ETF 0.11% 3,632 $290K No change
WMT Walmart Inc. 0.11% 2,550 $284K No change
SHY iShares 1-3 Year Treasury Bo 0.11% 3,418 $283K No change
IBDS Ishrs Ibnds Dec 27 Corp. ETF 0.10% 11,069 $269K New
DLR Digital Realty Trust Inc. 0.10% 1,727 $267K Reduce -30.1%
IBDU iShares Ibonds Dec 2029 Term 0.10% 11,406 $267K New
SSB Southstate Bank Corp. 0.10% 2,780 $262K No change
STEW SRH Total Return Fund Inc. 0.10% 13,976 $259K No change
MAC The Macerich Co. 0.10% 14,021 $259K Reduce -3.6%
BNDX Vanguard Total Intl Bond ETF 0.10% 5,263 $254K Reduce -0.5%
DFNM Dimensional National Muni BD 0.10% 5,267 $254K No change
VUSB Vanguard Ultra Short Bond Et 0.10% 4,998 $249K No change
DFIS Dimensional International SM 0.10% 7,425 $245K Add +2.1%
PEP Pepsico Inc. 0.09% 1,678 $241K No change
IBTI iShares Ibonds Dec 2028 Term 0.09% 10,569 $236K New
IBTG iShares Ibonds Dec 2026 Term 0.09% 10,306 $236K New
FR First Industrial Realty TR 0.09% 4,093 $234K New
IBDW iShares Ibonds Dec 2031 Corp. 0.09% 10,905 $231K New
IBTK iShares Ibonds Dec 2030 Trea 0.09% 11,419 $227K New
UCB United Community Banks 0.09% 7,059 $220K No change
CVNA Carvana Co. 0.08% 475 $200K New
COLD Americold Realty Trust Inc. 0.07% 13,194 $170K New
PDM Piedmont Realty Trust Inc. 0.04% 12,816 $107K Reduce -5.1%
DWSH Advisorshares Dorsey WS ETF 0.04% 14,443 $93K Reduce -32.6%

Portfolio Sells Q3 2025 → Q4 2025
BIL SS SPDR BB 1-3M T-Bill ETF Reduce -24.8% 3.89% −1.30
AOM iShares Core 40/60 Moderate Reduce -37.4% 1.46% −0.86
BSCP Invesco Bulletshares 2025 CB Sold out 0.00% −0.76
HYBL SS Blackstone High Inc. ETF Reduce -51.8% 0.24% −0.26
VBIL Vanguard 0-3M T-Bill ETF Reduce -9.6% 2.33% −0.25
BLV Vanguard Long-Term Bond ETF Sold out 0.00% −0.20
SHV iShares 0-1 Year Treasury Bo Sold out 0.00% −0.13
GLPI Gaming and Leisure Propertie Reduce -46.4% 0.12% −0.11
BND Vanguard Total Bond Market Sold out 0.00% −0.09
VNO Vornado Realty Trust Sold out 0.00% −0.09
MSFT Microsoft Corp. Reduce -2.1% 0.84% −0.08
DLR Digital Realty Trust Inc. Reduce -30.1% 0.10% −0.06
VTIP Vanguard Short-Term Tips Reduce -5.3% 0.55% −0.04
QLTA iShares Aaa - A Rated Corpor Reduce -5.8% 0.58% −0.04
VNQ Vanguard Real Estate ETF Reduce -1.2% 0.56% −0.03
MDY State Street SPDR S&P Midcap Reduce -2.1% 2.61% −0.02
HD Home Depot Inc. Reduce -0.6% 0.13% −0.02
DWSH Advisorshares Dorsey WS ETF Reduce -32.6% 0.04% −0.02
JPM JPMorgan Chase & Co. Reduce -14.1% 0.15% −0.02
AGG iShares Core U.S. Aggregate Reduce -4.3% 0.32% −0.02
VGIT Vanguard Intermediate-Term T Reduce -2.9% 0.38% −0.01
VGT Vanguard Info Tech ETF Reduce -1.9% 0.88% −0.01
VCIT Vanguard Int-Term Corporate Reduce -5.1% 0.12% −0.01
IEF iShares 7-10 Year Treasury B Reduce -1.0% 0.46% −0.01
PDM Piedmont Realty Trust Inc. Reduce -5.1% 0.04% −0.01
BSCQ Invesco Bulletshares 2026 CB Reduce -1.1% 0.47% −0.00
BNDX Vanguard Total Intl Bond ETF Reduce -0.5% 0.10% −0.00
MAC The Macerich Co. Reduce -3.6% 0.10% −0.00
BSV Vanguard Short-Term Bond ETF Reduce -0.5% 0.12% −0.00
VUG Vanguard Mrngstar GR ETF-Sui Reduce -1.7% 1.43% +0.00
IVOO Vanguard S&P Mid-Cap 400 ETF Reduce -0.4% 0.29% +0.00
VEA Vanguard Ftse Developed ETF Reduce -3.7% 0.52% +0.00
DFAT Dimensional US Target Value Reduce -0.2% 0.13% +0.00
GNR State Street SPDR S&P Global Reduce -2.4% 0.14% +0.00
XLK SS Technology Select Sector Reduce -0.1% 0.33% +0.01
VTV Vanguard Mrngstr Val ETF-Aui Reduce -0.4% 0.83% +0.02
IWV iShares Russell 3000 ETF Reduce -1.8% 5.75% +0.02
VYM Vanguard High DVD Yield ETF Reduce -0.4% 1.72% +0.03
VIG Vanguard Dividend Apprec ETF Reduce -1.4% 7.06% +0.03
VOO Vanguard S&P 500 ETF Reduce -0.6% 1.98% +0.04
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.5% 15.65% +0.30
VTI VG Morningstar TS MKT ETF-US Reduce -0.1% 24.27% +0.50

Portfolio Buys Q3 2025 → Q4 2025
AOA iShares Core 80/20 Aggressiv Add +1046.4% 1.26% +1.15
KBWB Invesco KBW Bank ETF New 0.23% +0.23
KBE SS SPDR S&P Bank ETF New 0.22% +0.22
BRK.B Berkshire Hathaway Inc. Class B Add +52.9% 0.49% +0.17
TSLA Tesla Inc. Add +29.2% 0.63% +0.15
AOR iShares Core 60/40 Balanced Add +3.8% 2.54% +0.12
IBDS Ishrs Ibnds Dec 27 Corp. ETF New 0.10% +0.10
IBDU iShares Ibonds Dec 2029 Term New 0.10% +0.10
IBTI iShares Ibonds Dec 2028 Term New 0.09% +0.09
IBTG iShares Ibonds Dec 2026 Term New 0.09% +0.09
FR First Industrial Realty TR New 0.09% +0.09
IBDW iShares Ibonds Dec 2031 Corp. New 0.09% +0.09
PLTR Palantir Technologies Inc. Class A Add +29.1% 0.43% +0.09
IBTK iShares Ibonds Dec 2030 Trea New 0.09% +0.09
CVNA Carvana Co. New 0.08% +0.08
COLD Americold Realty Trust Inc. New 0.07% +0.07
AIRR First Trust Rba American Ind Add +11.8% 0.50% +0.06
VTEB Vanguard Tax-Exempt Bond ETF Add +6.8% 0.56% +0.04
DFSV Dimensional US Small Cap Val Add +14.3% 0.24% +0.04
EMXC iShares MSCI Emr MRK Ex Chna Add +4.9% 0.32% +0.04
BSCS Invesco Bulletshares 2028 CB Add +5.6% 0.51% +0.03
ARKG ARK Genomic Revolution ETF Add +2.8% 0.40% +0.03
BSCT Invesco Bulletshares 2029 CB Add +7.5% 0.37% +0.03
IXN iShares Global Tech ETF Add +2.7% 0.57% +0.02
DFIV Dimensional International Va Add +3.4% 0.23% +0.02
VOX Vanguard Communication Servi Add +3.3% 0.37% +0.02
BSCU Invesco Bulletshares 2030 CB Add +6.4% 0.33% +0.02
DFAI Dimensional International Co. Add +9.6% 0.13% +0.02
XLI SS Industrial Select Sector Add +14.4% 0.12% +0.02
BSCW Invesco Bulletshares 2032 CB Add +8.8% 0.19% +0.02
BSCV Invesco Bulletshares 2031 CB Add +7.3% 0.21% +0.01
DFEV Dimensional Emrg MRKT Val Add +0.1% 0.24% +0.01
BSCR Invesco Bulletshares 2027 CB Add +1.8% 0.66% +0.01
XLE SS Energy Select Sector Add +7.0% 0.17% +0.01
DFIS Dimensional International SM Add +2.1% 0.10% +0.01
DFAC Dimensional US Core Equity 2 Add +0.8% 0.15% +0.01
VEU Vanguard Ftse All-World Ex-U Add +0.3% 0.14% +0.00
DFAS Dimensional US Small Cap ETF Add +1.1% 0.15% +0.00
BIV Vanguard Intermediate-Term B Add +0.1% 3.15% −0.00
ARKK ARK Innovation ETF Add +0.7% 0.27% −0.03

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