Hanson & Doremus Investment Management
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 23, 2025), Hanson & Doremus Investment Management reported 453 stock positions worth $639.3 million. Its top holding was Schwab US Broad Market ETF (SCHB) at 21.0% of the portfolio, followed by Vanguard Intermediate-Term T (VGIT, 7.5%) and Vanguard Int-Term Corporate (VCIT, 5.6%). Compared with Q3 2024, it opened 42 new positions, sold out of 11, added to 118 and reduced 87. The biggest buy was Apple (AAPL, shares +37%) and the biggest sale Vanguard Ftse Developed ETF (VEA, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- BURLINGTON, VT
- CIK
- 0001393944
- Portfolio Value
- $639.3M (Q4 2024)
- SEC Filing
- 0001393944-25-000001 ↗ filed Jan 23, 2025
Holdings Value
Holdings 453 stocks · $639.3M
| SCHB Schwab US Broad Market ETF | 20.95% | 5,901,371 | $134.0M | Add +1.0% |
| VGIT Vanguard Intermediate-Term T | 7.49% | 825,246 | $47.9M | Add +7.5% |
| VCIT Vanguard Int-Term Corporate | 5.59% | 445,139 | $35.7M | Add +5.1% |
| VEA Vanguard Ftse Developed ETF | 5.42% | 724,830 | $34.7M | Reduce -2.7% |
| ESGV Vanguard ESG US Stock ETF | 3.58% | 218,287 | $22.9M | Add +5.5% |
| VWO Vanguard Ftse Emerging Marke | 3.03% | 440,379 | $19.4M | Reduce -5.7% |
| MSFT Microsoft Corp. | 2.88% | 43,754 | $18.4M | Add +9.3% |
| TSM Taiwan Semiconductor-SP ADR | 2.85% | 92,157 | $18.2M | Add +4.2% |
| VSGX Vanguard ESG Intl Stock ETF | 2.09% | 235,627 | $13.4M | Reduce -0.7% |
| SCHF Schwab Intl Equity ETF | 1.90% | 655,854 | $12.1M | No change |
| AAPL Apple Inc. | 1.59% | 40,700 | $10.2M | Add +36.7% |
| COST Costco Wholesale Corp. | 1.59% | 11,074 | $10.1M | Add +2.3% |
| VCEB Vanguard ESG US Corp. Bond | 1.48% | 152,714 | $9.5M | Add +13.3% |
| SCHW Schwab (charles) Corp. | 1.44% | 124,562 | $9.2M | Reduce -0.3% |
| AMZN Amazon.com Inc. | 1.08% | 31,610 | $6.9M | Add +4.5% |
| GOOGL Alphabet Inc. Class A | 1.08% | 36,551 | $6.9M | Reduce -0.7% |
| GLW Corning Inc. | 1.08% | 144,934 | $6.9M | Add +1.7% |
| V Visa Inc. Class A | 1.07% | 21,734 | $6.9M | Add +5.9% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.89% | 25,840 | $5.7M | Add +6.7% |
| GOOG Alphabet Inc. Class C | 0.85% | 28,673 | $5.5M | Add +4.1% |
| MRK Merck & Co. Inc. | 0.84% | 53,751 | $5.3M | Add +2.6% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.83% | 47,861 | $5.3M | Add +2.2% |
| IWD iShares Russell 1000 Value E | 0.79% | 27,377 | $5.1M | Add +0.5% |
| TRMK Trustmark Corp. | 0.77% | 139,788 | $4.9M | No change |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.68% | 87,298 | $4.4M | Reduce -17.4% |
| JPM JPMorgan Chase & Co. | 0.67% | 17,906 | $4.3M | Add +6.9% |
| NI Nisource Inc. | 0.67% | 116,695 | $4.3M | Reduce -0.3% |
| VTI VG Morningstar TS MKT ETF-US | 0.62% | 13,663 | $4.0M | Reduce -0.2% |
| MDT Medtronic PLC | 0.61% | 48,804 | $3.9M | Add +1.3% |
| KRC Kilroy Realty Corp. | 0.60% | 95,375 | $3.9M | Add +6.8% |
| STX Seagate Technology Holdings | 0.60% | 44,395 | $3.8M | Add +0.4% |
| CB Chubb Ltd. | 0.59% | 13,562 | $3.7M | Add +5.1% |
| HON Honeywell International Inc. | 0.58% | 16,372 | $3.7M | Reduce -0.0% |
| PFE Pfizer Inc. | 0.58% | 139,121 | $3.7M | Add +1.0% |
| ROP Roper Technologies Inc. | 0.53% | 6,565 | $3.4M | Add +0.2% |
| IOT Samsara Inc. Class A | 0.52% | 75,410 | $3.3M | Add +5.1% |
| CSCO Cisco Systems Inc. | 0.51% | 55,427 | $3.3M | Reduce -0.3% |
| CAT Caterpillar Inc. | 0.48% | 8,377 | $3.0M | Reduce -3.8% |
| BA The Boeing Co. | 0.47% | 17,061 | $3.0M | Reduce -2.0% |
| YUMC Yum China Holdings Inc. | 0.43% | 57,104 | $2.8M | Add +0.5% |
| KO The Coca-Cola Co. | 0.42% | 43,514 | $2.7M | Add +11.5% |
| XOM Exxon Mobil Corp. | 0.42% | 24,712 | $2.7M | Add +13.8% |
| ATR Aptargroup Inc. | 0.41% | 16,683 | $2.6M | Add +0.6% |
| MUNI PIMCO Intermediate Municipal | 0.40% | 49,691 | $2.6M | Add +0.3% |
| LLY Eli Lilly & Co. | 0.39% | 3,262 | $2.5M | Reduce -4.3% |
| PG The Procter & Gamble Co. | 0.39% | 14,932 | $2.5M | Add +8.6% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.39% | 65,281 | $2.5M | Add +5.9% |
| GLD SPDR Gold Shares | 0.35% | 9,239 | $2.2M | Add +0.5% |
| PCOR Procore Technologies Inc. | 0.34% | 28,821 | $2.2M | Add +8.2% |
| NCLH Norwegian Cruise Line Holdin | 0.32% | 80,627 | $2.1M | Add +3.2% |
| MCK McKesson Corp. | 0.32% | 3,547 | $2.0M | Reduce -5.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.32% | 4,909 | $2.0M | No change |
| JNJ Johnson & Johnson | 0.31% | 13,878 | $2.0M | Add +10.1% |
| IQV Iqvia Holdings Inc. | 0.30% | 9,775 | $1.9M | Add +28.7% |
| FSLR First Solar Inc. | 0.29% | 10,540 | $1.9M | Reduce -2.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.29% | 3,149 | $1.8M | Add +0.1% |
| VOO Vanguard S&P 500 ETF | 0.28% | 3,370 | $1.8M | Reduce -0.0% |
| VLO Valero Energy Corp. | 0.27% | 14,290 | $1.8M | No change |
| CHE Chemed Corp. | 0.25% | 3,056 | $1.6M | Reduce -2.5% |
| DUK Duke Energy Corp. | 0.25% | 14,826 | $1.6M | Reduce -7.1% |
| ABBV Abbvie Inc. | 0.25% | 8,855 | $1.6M | Add +21.0% |
| SONY Sony Group Corp. - SP ADR | 0.24% | 71,960 | $1.5M | Reduce -3.0% |
| INGR Ingredion Inc. | 0.24% | 10,939 | $1.5M | Reduce -5.7% |
| GDX Vaneck Gold Miners ETF | 0.23% | 44,064 | $1.5M | Add +1.0% |
| EMR Emerson Electric Co. | 0.23% | 12,027 | $1.5M | Reduce -2.5% |
| ABT Abbott Laboratories | 0.23% | 12,876 | $1.5M | Add +15.3% |
| IFF Intl Flavors & Fragrances filed as INTERNATIONAL FLAVORS&FRAGRA | 0.23% | 17,065 | $1.4M | Reduce -51.8% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.21% | 27,544 | $1.3M | Reduce -7.2% |
| TRV The Travelers Cos Inc. | 0.19% | 4,985 | $1.2M | Add +13.2% |
| WMT Walmart Inc. | 0.18% | 12,609 | $1.1M | Add +1.0% |
| APD Air Products & Chemicals Inc. | 0.18% | 3,924 | $1.1M | Add +5.8% |
| DE Deere & Co. | 0.18% | 2,659 | $1.1M | Add +8.8% |
| BMY Bristol-Myers Squibb Co. | 0.17% | 19,374 | $1.1M | Reduce -2.7% |
| FDX FedEx Corp. | 0.17% | 3,830 | $1.1M | Reduce -4.7% |
| MCD McDonald's Corp. | 0.17% | 3,674 | $1.1M | Add +23.7% |
| VZ Verizon Communications Inc. | 0.16% | 25,501 | $1.0M | Reduce -0.5% |
| AZN Astrazeneca PLC-Spons ADR | 0.15% | 14,491 | $949K | Reduce -0.9% |
| XYL Xylem Inc. | 0.15% | 8,116 | $942K | Add +0.3% |
| AXP American Express Co. | 0.14% | 3,026 | $898K | Add +11.6% |
| ITGR Integer Holdings Corp. | 0.14% | 6,677 | $885K | Reduce -1.1% |
| PEP Pepsico Inc. | 0.13% | 5,669 | $862K | Add +25.8% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.13% | 4,537 | $853K | Reduce -1.4% |
| NVDA Nvidia Corp. | 0.13% | 6,331 | $850K | Add +7.7% |
| CVX Chevron Corp. | 0.13% | 5,586 | $809K | Add +27.4% |
| HD Home Depot Inc. | 0.12% | 2,031 | $790K | Reduce -2.3% |
| COP Conocophillips | 0.12% | 7,937 | $787K | Add +12.8% |
| AMKR Amkor Technology Inc. | 0.11% | 28,575 | $734K | Reduce -16.9% |
| ETN Eaton Corp. PLC | 0.11% | 2,138 | $709K | No change |
| IAU iShares Gold Trust | 0.11% | 14,099 | $698K | Reduce -6.3% |
| EWBC East West Bancorp Inc. | 0.11% | 7,189 | $688K | Reduce -1.9% |
| BDX Becton Dickinson and Co. | 0.10% | 2,933 | $665K | Add +0.9% |
| MKSI MKS Inc. filed as MKS INSTRS INC | 0.10% | 6,289 | $657K | No change |
| ADP Automatic Data Processing | 0.10% | 2,192 | $642K | Add +37.7% |
| IVV iShares Core S&P 500 ETF | 0.10% | 1,081 | $636K | No change |
| GE General Electric filed as GE AEROSPACE | 0.10% | 3,781 | $631K | Add +11.0% |
| LNT Alliant Energy Corp. | 0.10% | 10,273 | $608K | No change |
| CL Colgate-Palmolive Co. | 0.09% | 6,619 | $602K | No change |
| TT Trane Technologies PLC | 0.09% | 1,625 | $600K | No change |
| CBU Community Financial System I | 0.09% | 8,895 | $549K | No change |
| OKE Oneok Inc. | 0.09% | 5,452 | $547K | Reduce -10.7% |
Portfolio Sells Q3 2024 → Q4 2024
| VEA Vanguard Ftse Developed ETF | Reduce -2.7% | 5.42% | −0.83 |
| VWO Vanguard Ftse Emerging Marke | Reduce -5.7% | 3.03% | −0.52 |
| IFF Intl Flavors & Fragrances | Reduce -51.8% | 0.23% | −0.36 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -0.7% | 2.09% | −0.23 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -17.4% | 0.68% | −0.17 |
| FSLR First Solar Inc. | Reduce -2.5% | 0.29% | −0.14 |
| LLY Eli Lilly & Co. | Reduce -4.3% | 0.39% | −0.09 |
| QRVO Qorvo Inc. | Reduce -37.4% | 0.06% | −0.08 |
| CAT Caterpillar Inc. | Reduce -3.8% | 0.48% | −0.07 |
| AMKR Amkor Technology Inc. | Reduce -16.9% | 0.11% | −0.05 |
| CHE Chemed Corp. | Reduce -2.5% | 0.25% | −0.05 |
| DUK Duke Energy Corp. | Reduce -7.1% | 0.25% | −0.04 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -0.9% | 0.15% | −0.03 |
| DD Dupont DE Nemours Inc. | Reduce -18.5% | 0.07% | −0.03 |
| XBI SS SPDR S&P Biotech ETF | Reduce -27.3% | 0.05% | −0.03 |
| TMO Thermo Fisher Scientific Inc. | Reduce -8.1% | 0.08% | −0.02 |
| VZ Verizon Communications Inc. | Reduce -0.5% | 0.16% | −0.02 |
| BSV Vanguard Short-Term Bond ETF | Reduce -39.8% | 0.03% | −0.02 |
| UL Unilever PLC | Reduce -9.2% | 0.08% | −0.02 |
| WY Weyerhaeuser Co. | Reduce -9.2% | 0.06% | −0.02 |
| INGR Ingredion Inc. | Reduce -5.7% | 0.24% | −0.02 |
| KHC The Kraft Heinz Co. | Reduce -85.5% | 0.00% | −0.02 |
| SPYX SS SPDR S&P 500 Foss FL ETF | Reduce -7.2% | 0.21% | −0.02 |
| VIG Vanguard Dividend Apprec ETF | Reduce -11.5% | 0.08% | −0.01 |
| CSX CSX Corp. | Reduce -19.1% | 0.04% | −0.01 |
| BND Vanguard Total Bond Market | Reduce -13.2% | 0.05% | −0.01 |
| SO The Southern Co. | Reduce -9.0% | 0.05% | −0.01 |
| CI The Cigna Group | Reduce -3.3% | 0.04% | −0.01 |
| INTC Intel Corp. | Reduce -9.2% | 0.04% | −0.01 |
| IEMG iShares Core MSCI Emerging | Reduce -8.8% | 0.05% | −0.01 |
| PSX Phillips 66 | Reduce -0.5% | 0.06% | −0.01 |
| SBUX Starbucks Corp. | Reduce -20.1% | 0.03% | −0.01 |
| HD Home Depot Inc. | Reduce -2.3% | 0.12% | −0.01 |
| IAU iShares Gold Trust | Reduce -6.3% | 0.11% | −0.01 |
| IBB iShares Biotechnology ETF | Reduce -4.8% | 0.05% | −0.01 |
| L Loews Corp. | Reduce -38.2% | 0.02% | −0.01 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -14.5% | 0.04% | −0.01 |
| KVUE Kenvue Inc. | Reduce -39.1% | 0.01% | −0.01 |
| ALRS Alerus Financial Corp. | Sold out | 0.00% | −0.01 |
| ADM Archer-Daniels-Midland Co. | Reduce -15.5% | 0.02% | −0.01 |
| FDX FedEx Corp. | Reduce -4.7% | 0.17% | −0.01 |
| SYY Sysco Corp. | Reduce -27.1% | 0.01% | −0.01 |
| VSAT Viasat Inc. | Reduce -27.5% | 0.01% | −0.01 |
| KLAC KLA Corp. | Reduce -9.9% | 0.01% | −0.01 |
| SCHD Schwab US DVD Equity ETF | Reduce -36.3% | 0.01% | −0.01 |
| CAAS China Automotive Systems Inc. | Reduce -33.4% | 0.01% | −0.01 |
| ORCL Oracle Corp. | Reduce -6.0% | 0.05% | −0.01 |
| TIP iShares Tips Bond ETF | Reduce -4.1% | 0.05% | −0.00 |
| RING iShares MSCI Global Gold Min | Reduce -33.4% | 0.01% | −0.00 |
| TFI SS SPDR N Ice Muni Bond ETF | Reduce -7.0% | 0.03% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| AAPL Apple Inc. | Add +36.7% | 1.59% | +0.49 |
| TSM Taiwan Semiconductor-SP ADR | Add +4.2% | 2.85% | +0.41 |
| SCHB Schwab US Broad Market ETF | Add +1.0% | 20.95% | +0.38 |
| ESGV Vanguard ESG US Stock ETF | Add +5.5% | 3.58% | +0.24 |
| AMZN Amazon.com Inc. | Add +4.5% | 1.08% | +0.19 |
| V Visa Inc. Class A | Add +5.9% | 1.07% | +0.18 |
| MSFT Microsoft Corp. | Add +9.3% | 2.88% | +0.15 |
| GOOG Alphabet Inc. Class C | Add +4.1% | 0.85% | +0.12 |
| VGIT Vanguard Intermediate-Term T | Add +7.5% | 7.49% | +0.12 |
| DIS The Walt Disney Co. | Add +2.2% | 0.83% | +0.12 |
| JPM JPMorgan Chase & Co. | Add +6.9% | 0.67% | +0.11 |
| VCEB Vanguard ESG US Corp. Bond | Add +13.3% | 1.48% | +0.09 |
| PCOR Procore Technologies Inc. | Add +8.2% | 0.34% | +0.08 |
| NCLH Norwegian Cruise Line Holdin | Add +3.2% | 0.32% | +0.07 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +6578.9% | 0.07% | +0.07 |
| COST Costco Wholesale Corp. | Add +2.3% | 1.59% | +0.06 |
| GLW Corning Inc. | Add +1.7% | 1.08% | +0.06 |
| KRC Kilroy Realty Corp. | Add +6.8% | 0.60% | +0.05 |
| IBM Intl Business Machines Corp. | Add +6.7% | 0.89% | +0.04 |
| ISRG Intuitive Surgical Inc. | New | 0.04% | +0.04 |
| BLK BlackRock Finance Inc. | Add +113.5% | 0.06% | +0.03 |
| UNH Unitedhealth Group Inc. | Add +112.9% | 0.07% | +0.03 |
| ADP Automatic Data Processing | Add +37.7% | 0.10% | +0.03 |
| MAR Marriott International Class A | Add +1935.5% | 0.03% | +0.03 |
| ABT Abbott Laboratories | Add +15.3% | 0.23% | +0.03 |
| UNP Union Pacific Corp. | Add +71.2% | 0.07% | +0.02 |
| ASML ASML Holding NV-NY Reg SHS | New | 0.02% | +0.02 |
| TRV The Travelers Cos Inc. | Add +13.2% | 0.19% | +0.02 |
| YUMC Yum China Holdings Inc. | Add +0.5% | 0.43% | +0.02 |
| CVX Chevron Corp. | Add +27.4% | 0.13% | +0.02 |
| AXP American Express Co. | Add +11.6% | 0.14% | +0.02 |
| MCD McDonald's Corp. | Add +23.7% | 0.17% | +0.02 |
| IT Gartner Inc. | New | 0.02% | +0.02 |
| VRSK Verisk Analytics Inc. | New | 0.02% | +0.02 |
| NVDA Nvidia Corp. | Add +7.7% | 0.13% | +0.02 |
| WMT Walmart Inc. | Add +1.0% | 0.18% | +0.02 |
| ABBV Abbvie Inc. | Add +21.0% | 0.25% | +0.02 |
| BR Broadridge Financial Solutio | Add +64.3% | 0.04% | +0.02 |
| SPGI S&P Global Inc. | New | 0.02% | +0.02 |
| NEE Nextera Energy Inc. | Add +51.6% | 0.07% | +0.02 |
| SXI Standex International Corp. | Add +117.4% | 0.03% | +0.01 |
| IQV Iqvia Holdings Inc. | Add +28.7% | 0.30% | +0.01 |
| DE Deere & Co. | Add +8.8% | 0.18% | +0.01 |
| PG The Procter & Gamble Co. | Add +8.6% | 0.39% | +0.01 |
| NOW ServiceNow Inc. | Add +5.2% | 0.07% | +0.01 |
| PEP Pepsico Inc. | Add +25.8% | 0.13% | +0.01 |
| CMCSA Comcast Corp. Class A | Add +50.0% | 0.05% | +0.01 |
| XOM Exxon Mobil Corp. | Add +13.8% | 0.42% | +0.01 |
| CP Canadian Pacific Kansas City | Add +200.8% | 0.02% | +0.01 |
| ICE Intercontinental Exchange Inc. | New | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 483 | $982.7M | SCHB, VGIT, VCIT, VEA, TSM |
| Q1 2026 | 533 | $869.2M | SCHB, VGIT, VEA, VCIT, VWO |
| Q4 2025 | 484 | $831.9M | SCHB, VGIT, VEA, VCIT, ESGV |
| Q3 2025 | 500 | $794.4M | SCHB, VGIT, VEA, VCIT, ESGV |
| Q2 2025 | 473 | $747.6M | SCHB, VGIT, VEA, VCIT, ESGV |
| Q1 2025 | 467 | $684.6M | SCHB, VGIT, VCIT, VEA, ESGV |
| Q4 2024 | 453 | $639.3M | SCHB, VGIT, VCIT, VEA, ESGV |
| Q3 2024 | 422 | $629.5M | SCHB, VGIT, VEA, VCIT, VWO |
| Q2 2024 | 453 | $596.9M | SCHB, VGIT, VEA, VCIT, VWO |
| Q1 2024 | 472 | $580.4M | SCHB, VGIT, VEA, VCIT, ESGV |