Hanson & Doremus Investment Management
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 17, 2025), Hanson & Doremus Investment Management reported 467 stock positions worth $684.6 million. Its top holding was Schwab US Broad Market ETF (SCHB) at 19.8% of the portfolio, followed by Vanguard Intermediate-Term T (VGIT, 7.9%) and Vanguard Int-Term Corporate (VCIT, 5.9%). Compared with Q4 2024, it opened 47 new positions, sold out of 33, added to 132 and reduced 100. The biggest buy was Amgen (AMGN, shares +553%) and the biggest sale Alphabet Class A (GOOGL, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- BURLINGTON, VT
- CIK
- 0001393944
- Portfolio Value
- $684.6M (Q1 2025)
- SEC Filing
- 0001393944-25-000002 ↗ filed Apr 17, 2025
Holdings Value
Holdings 467 stocks · $684.6M
| SCHB Schwab US Broad Market ETF | 19.76% | 6,283,643 | $135.3M | Add +6.5% |
| VGIT Vanguard Intermediate-Term T | 7.87% | 907,329 | $53.9M | Add +9.9% |
| VCIT Vanguard Int-Term Corporate | 5.93% | 496,383 | $40.6M | Add +11.5% |
| VEA Vanguard Ftse Developed ETF | 5.70% | 767,714 | $39.0M | Add +5.9% |
| ESGV Vanguard ESG US Stock ETF | 3.13% | 218,610 | $21.4M | Add +0.1% |
| VWO Vanguard Ftse Emerging Marke | 2.98% | 450,714 | $20.4M | Add +2.4% |
| MSFT Microsoft Corp. | 2.67% | 48,781 | $18.3M | Add +11.5% |
| TSM Taiwan Semiconductor-SP ADR | 2.30% | 94,924 | $15.8M | Add +3.0% |
| VSGX Vanguard ESG Intl Stock ETF | 1.99% | 231,082 | $13.6M | Reduce -1.9% |
| SCHF Schwab Intl Equity ETF | 1.90% | 656,165 | $13.0M | Add +0.1% |
| AAPL Apple Inc. | 1.65% | 50,952 | $11.3M | Add +25.2% |
| COST Costco Wholesale Corp. | 1.57% | 11,394 | $10.8M | Add +2.9% |
| SCHW Schwab (charles) Corp. | 1.55% | 135,963 | $10.6M | Add +9.2% |
| VCEB Vanguard ESG US Corp. Bond | 1.45% | 157,799 | $9.9M | Add +3.3% |
| V Visa Inc. Class A | 1.14% | 22,329 | $7.8M | Add +2.7% |
| GLW Corning Inc. | 1.04% | 155,747 | $7.1M | Add +7.5% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 1.00% | 27,466 | $6.8M | Add +6.3% |
| AMZN Amazon.com Inc. | 0.87% | 31,319 | $6.0M | Reduce -0.9% |
| GOOGL Alphabet Inc. Class A | 0.82% | 36,408 | $5.6M | Reduce -0.4% |
| MRK Merck & Co. Inc. | 0.81% | 61,511 | $5.5M | Add +14.4% |
| JPM JPMorgan Chase & Co. | 0.77% | 21,466 | $5.3M | Add +19.9% |
| IWD iShares Russell 1000 Value E | 0.75% | 27,411 | $5.2M | Add +0.1% |
| GOOG Alphabet Inc. Class C | 0.74% | 32,641 | $5.1M | Add +13.8% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.74% | 102,285 | $5.1M | Add +17.2% |
| NI Nisource Inc. | 0.73% | 123,884 | $5.0M | Add +6.2% |
| TRMK Trustmark Corp. | 0.70% | 139,788 | $4.8M | No change |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.68% | 47,420 | $4.7M | Reduce -0.9% |
| MDT Medtronic PLC | 0.66% | 50,057 | $4.5M | Add +2.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.63% | 15,636 | $4.3M | Add +14.4% |
| CSCO Cisco Systems Inc. | 0.63% | 69,367 | $4.3M | Add +25.1% |
| CB Chubb Ltd. | 0.62% | 14,061 | $4.2M | Add +3.7% |
| ROP Roper Technologies Inc. | 0.58% | 6,720 | $4.0M | Add +2.4% |
| PFE Pfizer Inc. | 0.57% | 154,389 | $3.9M | Add +11.0% |
| PG The Procter & Gamble Co. | 0.54% | 21,704 | $3.7M | Add +45.4% |
| STX Seagate Technology Holdings | 0.54% | 43,408 | $3.7M | Reduce -2.2% |
| KO The Coca-Cola Co. | 0.53% | 50,431 | $3.6M | Add +15.9% |
| HON Honeywell International Inc. | 0.50% | 16,251 | $3.4M | Reduce -0.7% |
| ABT Abbott Laboratories | 0.49% | 25,398 | $3.4M | Add +97.3% |
| ABBV Abbvie Inc. | 0.49% | 15,981 | $3.3M | Add +80.5% |
| KRC Kilroy Realty Corp. | 0.49% | 101,750 | $3.3M | Add +6.7% |
| XOM Exxon Mobil Corp. | 0.47% | 27,080 | $3.2M | Add +9.6% |
| LLY Eli Lilly & Co. | 0.46% | 3,840 | $3.2M | Add +17.7% |
| YUMC Yum China Holdings Inc. | 0.46% | 60,122 | $3.1M | Add +5.3% |
| AMGN Amgen Inc. | 0.45% | 9,925 | $3.1M | Add +553.0% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.44% | 72,758 | $3.0M | Add +11.4% |
| IOT Samsara Inc. Class A | 0.44% | 78,937 | $3.0M | Add +4.7% |
| CAT Caterpillar Inc. | 0.40% | 8,342 | $2.8M | Reduce -0.4% |
| ATR Aptargroup Inc. | 0.40% | 18,303 | $2.7M | Add +9.7% |
| BA The Boeing Co. | 0.39% | 15,760 | $2.7M | Reduce -7.6% |
| GLD SPDR Gold Shares | 0.39% | 9,239 | $2.7M | No change |
| MUNI PIMCO Intermediate Municipal | 0.39% | 51,259 | $2.6M | Add +3.2% |
| JNJ Johnson & Johnson | 0.37% | 15,227 | $2.5M | Add +9.7% |
| AVGO Broadcom Inc. | 0.33% | 13,330 | $2.2M | Add +3602.8% |
| CHE Chemed Corp. | 0.31% | 3,493 | $2.1M | Add +14.3% |
| MCK McKesson Corp. | 0.31% | 3,182 | $2.1M | Reduce -10.3% |
| EMR Emerson Electric Co. | 0.30% | 18,983 | $2.1M | Add +57.8% |
| VLO Valero Energy Corp. | 0.30% | 15,639 | $2.1M | Add +9.4% |
| GDX Vaneck Gold Miners ETF | 0.30% | 44,509 | $2.0M | Add +1.0% |
| PCOR Procore Technologies Inc. | 0.29% | 30,532 | $2.0M | Add +5.9% |
| WMT Walmart Inc. | 0.29% | 22,902 | $2.0M | Add +81.6% |
| DUK Duke Energy Corp. | 0.29% | 16,429 | $2.0M | Add +10.8% |
| IQV Iqvia Holdings Inc. | 0.29% | 11,141 | $2.0M | Add +14.0% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.27% | 4,901 | $1.8M | Reduce -0.2% |
| NCLH Norwegian Cruise Line Holdin | 0.26% | 94,432 | $1.8M | Add +17.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.26% | 3,149 | $1.8M | No change |
| SONY Sony Group Corp. - SP ADR | 0.25% | 68,540 | $1.7M | Reduce -4.8% |
| VOO Vanguard S&P 500 ETF | 0.25% | 3,370 | $1.7M | No change |
| APD Air Products & Chemicals Inc. | 0.25% | 5,868 | $1.7M | Add +49.5% |
| MCD McDonald's Corp. | 0.22% | 4,800 | $1.5M | Add +30.6% |
| VZ Verizon Communications Inc. | 0.20% | 30,204 | $1.4M | Add +18.4% |
| TRV The Travelers Cos Inc. | 0.20% | 5,158 | $1.4M | Add +3.5% |
| FSLR First Solar Inc. | 0.19% | 10,362 | $1.3M | Reduce -1.7% |
| GE General Electric filed as GE AEROSPACE | 0.19% | 6,449 | $1.3M | Add +70.6% |
| DE Deere & Co. | 0.19% | 2,734 | $1.3M | Add +2.8% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.18% | 26,511 | $1.2M | Reduce -3.8% |
| DOV Dover Corp. | 0.17% | 6,632 | $1.2M | Add +1490.4% |
| BMY Bristol-Myers Squibb Co. | 0.17% | 18,897 | $1.2M | Reduce -2.5% |
| TD Toronto-Dominion Bank | 0.15% | 17,661 | $1.1M | Add +137.8% |
| AZN Astrazeneca PLC-Spons ADR | 0.15% | 14,351 | $1.1M | Reduce -1.0% |
| AXP American Express Co. | 0.15% | 3,915 | $1.1M | Add +29.4% |
| XYL Xylem Inc. | 0.15% | 8,439 | $1.0M | Add +4.0% |
| UL Unilever PLC | 0.14% | 16,474 | $981K | Add +92.2% |
| HD Home Depot Inc. | 0.14% | 2,610 | $957K | Add +28.5% |
| PEP Pepsico Inc. | 0.14% | 6,269 | $940K | Add +10.6% |
| FDX FedEx Corp. | 0.14% | 3,850 | $939K | Add +0.5% |
| NSC Norfolk Southern Corp. | 0.14% | 3,941 | $933K | Add +151.5% |
| INGR Ingredion Inc. | 0.14% | 6,886 | $931K | Reduce -37.0% |
| CVX Chevron Corp. | 0.13% | 5,492 | $919K | Reduce -1.7% |
| NVDA Nvidia Corp. | 0.13% | 7,895 | $856K | Add +24.7% |
| IAU iShares Gold Trust | 0.12% | 14,027 | $827K | Reduce -0.5% |
| COP Conocophillips | 0.12% | 7,723 | $811K | Reduce -2.7% |
| TIP iShares Tips Bond ETF | 0.12% | 7,198 | $800K | Add +135.2% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.12% | 4,471 | $799K | Reduce -1.4% |
| CSX CSX Corp. | 0.11% | 26,080 | $768K | Add +254.9% |
| EWBC East West Bancorp Inc. | 0.11% | 8,199 | $736K | Add +14.1% |
| ISRG Intuitive Surgical Inc. | 0.10% | 1,380 | $683K | Add +213.6% |
| ITGR Integer Holdings Corp. | 0.10% | 5,762 | $680K | Reduce -13.7% |
| BDX Becton Dickinson and Co. | 0.10% | 2,933 | $672K | No change |
| LNT Alliant Energy Corp. | 0.10% | 10,151 | $653K | Reduce -1.2% |
| ADP Automatic Data Processing | 0.09% | 2,031 | $621K | Reduce -7.3% |
Portfolio Sells Q4 2024 → Q1 2025
| GOOGL Alphabet Inc. Class A | Reduce -0.4% | 0.82% | −0.26 |
| AMZN Amazon.com Inc. | Reduce -0.9% | 0.87% | −0.21 |
| IFF Intl Flavors & Fragrances | Reduce -76.8% | 0.04% | −0.18 |
| DIS The Walt Disney Co. | Reduce -0.9% | 0.68% | −0.15 |
| INGR Ingredion Inc. | Reduce -37.0% | 0.14% | −0.10 |
| FSLR First Solar Inc. | Reduce -1.7% | 0.19% | −0.10 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -1.9% | 1.99% | −0.10 |
| BA The Boeing Co. | Reduce -7.6% | 0.39% | −0.08 |
| HON Honeywell International Inc. | Reduce -0.7% | 0.50% | −0.08 |
| CAT Caterpillar Inc. | Reduce -0.4% | 0.40% | −0.07 |
| STX Seagate Technology Holdings | Reduce -2.2% | 0.54% | −0.06 |
| VUG Vanguard Mrngstar GR ETF-Sui | Reduce -0.2% | 0.27% | −0.05 |
| ITGR Integer Holdings Corp. | Reduce -13.7% | 0.10% | −0.04 |
| TFI SS SPDR N Ice Muni Bond ETF | Sold out | 0.00% | −0.03 |
| XBI SS SPDR S&P Biotech ETF | Reduce -53.8% | 0.02% | −0.03 |
| MKSI MKS Inc. | Reduce -1.3% | 0.07% | −0.03 |
| SPYX SS SPDR S&P 500 Foss FL ETF | Reduce -3.8% | 0.18% | −0.03 |
| ETN Eaton Corp. PLC | Reduce -1.6% | 0.08% | −0.03 |
| RDY Dr. Reddy's Laboratories-ADR | Reduce -31.6% | 0.03% | −0.03 |
| ST Sensata Technologies Holdplc | Reduce -23.8% | 0.04% | −0.02 |
| TT Trane Technologies PLC | Reduce -6.8% | 0.07% | −0.02 |
| VTIP Vanguard Short-Term Tips | Reduce -40.3% | 0.02% | −0.02 |
| BSV Vanguard Short-Term Bond ETF | Reduce -52.1% | 0.01% | −0.02 |
| AFL Aflac Inc. | Sold out | 0.00% | −0.02 |
| MTB M & T Bank Corp. | Reduce -1.4% | 0.12% | −0.02 |
| DD Dupont DE Nemours Inc. | Reduce -17.3% | 0.05% | −0.02 |
| THO Thor Industries Inc. | Reduce -10.7% | 0.03% | −0.02 |
| TMO Thermo Fisher Scientific Inc. | Reduce -9.3% | 0.06% | −0.01 |
| TXN Texas Instruments Inc. | Reduce -18.6% | 0.04% | −0.01 |
| CBU Community Financial System I | Reduce -3.1% | 0.07% | −0.01 |
| SON Sonoco Products Co. | Reduce -52.9% | 0.01% | −0.01 |
| VIG Vanguard Dividend Apprec ETF | Reduce -8.4% | 0.07% | −0.01 |
| NATL NCR Atleos Corp. | Reduce -29.0% | 0.01% | −0.01 |
| ADM Archer-Daniels-Midland Co. | Reduce -73.9% | 0.00% | −0.01 |
| ORCL Oracle Corp. | Reduce -3.6% | 0.04% | −0.01 |
| EWT iShares MSCI Taiwan ETF | Sold out | 0.00% | −0.01 |
| DLR Digital Realty Trust Inc. | Reduce -8.1% | 0.03% | −0.01 |
| C Citigroup Inc. | Reduce -38.6% | 0.01% | −0.01 |
| SYF Synchrony Financial | Reduce -7.5% | 0.02% | −0.01 |
| PH Parker Hannifin Corp. | Reduce -8.5% | 0.04% | −0.01 |
| DOW Dow Inc. | Reduce -65.0% | 0.00% | −0.01 |
| UNH Unitedhealth Group Inc. | Reduce -11.0% | 0.06% | −0.01 |
| ADP Automatic Data Processing | Reduce -7.3% | 0.09% | −0.01 |
| ADBE Adobe Inc. | Reduce -28.1% | 0.01% | −0.01 |
| IBB iShares Biotechnology ETF | Reduce -6.2% | 0.05% | −0.01 |
| VT Vanguard Tot World STK ETF | Reduce -3.9% | 0.06% | −0.01 |
| CMCSA Comcast Corp. Class A | Reduce -9.7% | 0.04% | −0.01 |
| AVY Avery Dennison Corp. | Sold out | 0.00% | −0.01 |
| OKE Oneok Inc. | Reduce -0.8% | 0.08% | −0.01 |
| LOW Lowe's Cos Inc. | Reduce -4.9% | 0.04% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| AMGN Amgen Inc. | Add +553.0% | 0.45% | +0.39 |
| VGIT Vanguard Intermediate-Term T | Add +9.9% | 7.87% | +0.39 |
| VCIT Vanguard Int-Term Corporate | Add +11.5% | 5.93% | +0.34 |
| AVGO Broadcom Inc. | Add +3602.8% | 0.33% | +0.31 |
| VEA Vanguard Ftse Developed ETF | Add +5.9% | 5.70% | +0.28 |
| ABT Abbott Laboratories | Add +97.3% | 0.49% | +0.26 |
| ABBV Abbvie Inc. | Add +80.5% | 0.49% | +0.24 |
| DOV Dover Corp. | Add +1490.4% | 0.17% | +0.16 |
| PG The Procter & Gamble Co. | Add +45.4% | 0.54% | +0.15 |
| WMT Walmart Inc. | Add +81.6% | 0.29% | +0.12 |
| SCHW Schwab (charles) Corp. | Add +9.2% | 1.55% | +0.11 |
| CSCO Cisco Systems Inc. | Add +25.1% | 0.63% | +0.11 |
| IBM Intl Business Machines Corp. | Add +6.3% | 1.00% | +0.11 |
| KO The Coca-Cola Co. | Add +15.9% | 0.53% | +0.10 |
| JPM JPMorgan Chase & Co. | Add +19.9% | 0.77% | +0.10 |
| TD Toronto-Dominion Bank | Add +137.8% | 0.15% | +0.09 |
| GE General Electric | Add +70.6% | 0.19% | +0.09 |
| NSC Norfolk Southern Corp. | Add +151.5% | 0.14% | +0.08 |
| CSX CSX Corp. | Add +254.9% | 0.11% | +0.08 |
| APD Air Products & Chemicals Inc. | Add +49.5% | 0.25% | +0.07 |
| TJX TJX Companies Inc. | Add +878.7% | 0.08% | +0.07 |
| EMR Emerson Electric Co. | Add +57.8% | 0.30% | +0.07 |
| LLY Eli Lilly & Co. | Add +17.7% | 0.46% | +0.07 |
| V Visa Inc. Class A | Add +2.7% | 1.14% | +0.07 |
| UL Unilever PLC | Add +92.2% | 0.14% | +0.07 |
| TIP iShares Tips Bond ETF | Add +135.2% | 0.12% | +0.07 |
| GDX Vaneck Gold Miners ETF | Add +1.0% | 0.30% | +0.07 |
| NVS Novartis AG-Sponsored ADR | Add +624.5% | 0.07% | +0.06 |
| ISRG Intuitive Surgical Inc. | Add +213.6% | 0.10% | +0.06 |
| CHE Chemed Corp. | Add +14.3% | 0.31% | +0.06 |
| AAPL Apple Inc. | Add +25.2% | 1.65% | +0.06 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +17.2% | 0.74% | +0.06 |
| JNJ Johnson & Johnson | Add +9.7% | 0.37% | +0.05 |
| XOM Exxon Mobil Corp. | Add +9.6% | 0.47% | +0.05 |
| NI Nisource Inc. | Add +6.2% | 0.73% | +0.05 |
| SLB SLB Ltd. | Add +11.4% | 0.44% | +0.05 |
| MCD McDonald's Corp. | Add +30.6% | 0.22% | +0.05 |
| MDT Medtronic PLC | Add +2.6% | 0.66% | +0.05 |
| INTC Intel Corp. | Add +114.8% | 0.08% | +0.05 |
| ROP Roper Technologies Inc. | Add +2.4% | 0.58% | +0.04 |
| DUK Duke Energy Corp. | Add +10.8% | 0.29% | +0.04 |
| ALRS Alerus Financial Corp. | New | 0.04% | +0.04 |
| STT State Street Corp. | Add +2890.9% | 0.04% | +0.04 |
| GILD Gilead Sciences Inc. | Add +1024.6% | 0.04% | +0.04 |
| VZ Verizon Communications Inc. | Add +18.4% | 0.20% | +0.04 |
| CB Chubb Ltd. | Add +3.7% | 0.62% | +0.03 |
| SWKS Skyworks Solutions Inc. | Add +806.0% | 0.03% | +0.03 |
| VLO Valero Energy Corp. | Add +9.4% | 0.30% | +0.03 |
| YUMC Yum China Holdings Inc. | Add +5.3% | 0.46% | +0.03 |
| GEV GE Vernova Inc. | Add +98.2% | 0.06% | +0.02 |
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 |