Hanson & Doremus Investment Management
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 15, 2025), Hanson & Doremus Investment Management reported 500 stock positions worth $794.4 million. Its top holding was Schwab US Broad Market ETF (SCHB) at 21.1% of the portfolio, followed by Vanguard Intermediate-Term T (VGIT, 7.8%) and Vanguard Ftse Developed ETF (VEA, 6.0%). Compared with Q2 2025, it opened 57 new positions, sold out of 30, added to 109 and reduced 141. The biggest buy was Schwab US Broad Market ETF (SCHB, shares +2%) and the biggest sale Walt Disney (DIS, shares −55%).
- Most Recent 13F
- Q2 2026
- Location
- BURLINGTON, VT
- CIK
- 0001393944
- Portfolio Value
- $794.4M (Q3 2025)
- SEC Filing
- 0001393944-25-000008 ↗ filed Oct 15, 2025
Holdings Value
Holdings 500 stocks · $794.4M
| SCHB Schwab US Broad Market ETF | 21.08% | 6,514,057 | $167.5M | Add +1.7% |
| VGIT Vanguard Intermediate-Term T | 7.77% | 1,028,666 | $61.8M | Add +9.1% |
| VEA Vanguard Ftse Developed ETF | 6.01% | 796,784 | $47.7M | Add +0.3% |
| VCIT Vanguard Int-Term Corporate | 5.88% | 555,347 | $46.7M | Add +7.0% |
| ESGV Vanguard ESG US Stock ETF | 3.23% | 216,603 | $25.7M | Reduce -2.1% |
| VWO Vanguard Ftse Emerging Marke | 3.19% | 467,972 | $25.4M | Add +0.5% |
| MSFT Microsoft Corp. | 3.05% | 46,845 | $24.3M | Reduce -3.7% |
| TSM Taiwan Semiconductor-SP ADR | 3.03% | 86,091 | $24.0M | Reduce -5.3% |
| VSGX Vanguard ESG Intl Stock ETF | 2.05% | 235,045 | $16.3M | Add +0.3% |
| SCHF Schwab Intl Equity ETF | 1.84% | 627,888 | $14.6M | Reduce -3.8% |
| AAPL Apple Inc. | 1.56% | 48,585 | $12.4M | Reduce -5.2% |
| SCHW Schwab (charles) Corp. | 1.46% | 121,397 | $11.6M | Reduce -3.1% |
| GLW Corning Inc. | 1.43% | 138,516 | $11.4M | Reduce -3.6% |
| VCEB Vanguard ESG US Corp. Bond | 1.41% | 174,335 | $11.2M | Add +5.6% |
| COST Costco Wholesale Corp. | 1.25% | 10,729 | $9.9M | Reduce -2.1% |
| STX Seagate Technology Holdings | 1.14% | 38,432 | $9.1M | Reduce -7.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.12% | 17,745 | $8.9M | Reduce -2.3% |
| GOOGL Alphabet Inc. Class A | 1.03% | 33,758 | $8.2M | Reduce -6.1% |
| V Visa Inc. Class A | 0.88% | 20,427 | $7.0M | Reduce -7.3% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.87% | 24,574 | $6.9M | Reduce -3.7% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.80% | 126,275 | $6.3M | Add +16.3% |
| GOOG Alphabet Inc. Class C | 0.78% | 25,480 | $6.2M | Reduce -5.2% |
| AMZN Amazon.com Inc. | 0.76% | 27,526 | $6.0M | Reduce -9.0% |
| MRK Merck & Co. Inc. | 0.73% | 69,462 | $5.8M | Reduce -19.0% |
| TRMK Trustmark Corp. | 0.69% | 139,397 | $5.5M | Reduce -0.3% |
| IWD iShares Russell 1000 Value E | 0.66% | 25,642 | $5.2M | Reduce -6.6% |
| VTI VG Morningstar TS MKT ETF-US | 0.65% | 15,727 | $5.2M | Add +2.1% |
| JPM JPMorgan Chase & Co. | 0.63% | 15,829 | $5.0M | Reduce -7.8% |
| AVGO Broadcom Inc. | 0.62% | 15,026 | $5.0M | Reduce -1.9% |
| CB Chubb Ltd. | 0.58% | 16,257 | $4.6M | Add +14.7% |
| MDT Medtronic PLC | 0.56% | 46,698 | $4.4M | Reduce -6.3% |
| NI Nisource Inc. | 0.54% | 99,258 | $4.3M | Reduce -11.7% |
| KRC Kilroy Realty Corp. | 0.51% | 95,301 | $4.0M | Reduce -10.3% |
| CAT Caterpillar Inc. | 0.48% | 8,036 | $3.8M | Reduce -5.8% |
| ABBV Abbvie Inc. | 0.47% | 16,027 | $3.7M | Add +0.7% |
| PFE Pfizer Inc. | 0.43% | 134,385 | $3.4M | Reduce -8.6% |
| CSCO Cisco Systems Inc. | 0.43% | 49,628 | $3.4M | Reduce -7.3% |
| BA The Boeing Co. | 0.41% | 15,043 | $3.2M | Reduce -3.4% |
| HON Honeywell International Inc. | 0.41% | 15,406 | $3.2M | Reduce -5.9% |
| ROP Roper Technologies Inc. | 0.41% | 6,459 | $3.2M | Reduce -2.2% |
| AMGN Amgen Inc. | 0.40% | 11,357 | $3.2M | Add +0.1% |
| XOM Exxon Mobil Corp. | 0.40% | 28,037 | $3.2M | Reduce -12.8% |
| GLD SPDR Gold Shares | 0.39% | 8,760 | $3.1M | Reduce -5.2% |
| PG The Procter & Gamble Co. | 0.38% | 19,551 | $3.0M | Reduce -4.2% |
| MUNI PIMCO Intermediate Municipal | 0.38% | 57,215 | $3.0M | Reduce -0.3% |
| LLY Eli Lilly & Co. | 0.37% | 3,834 | $2.9M | Add +0.0% |
| IOT Samsara Inc. Class A | 0.36% | 77,825 | $2.9M | Reduce -6.5% |
| GDX Vaneck Gold Miners ETF | 0.36% | 37,259 | $2.8M | Reduce -16.3% |
| ABT Abbott Laboratories | 0.34% | 20,315 | $2.7M | Reduce -0.1% |
| KO The Coca-Cola Co. | 0.33% | 39,286 | $2.6M | Add +0.1% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.32% | 74,008 | $2.5M | Add +3.2% |
| VLO Valero Energy Corp. | 0.32% | 14,719 | $2.5M | Reduce -5.5% |
| JNJ Johnson & Johnson | 0.31% | 13,233 | $2.5M | Reduce -0.1% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.30% | 21,032 | $2.4M | Reduce -55.0% |
| ATR Aptargroup Inc. | 0.30% | 17,541 | $2.3M | Reduce -2.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.29% | 4,766 | $2.3M | Reduce -2.8% |
| IQV Iqvia Holdings Inc. | 0.29% | 11,944 | $2.3M | Add +0.4% |
| YUMC Yum China Holdings Inc. | 0.28% | 52,633 | $2.3M | Reduce -9.1% |
| NCLH Norwegian Cruise Line Holdin | 0.28% | 91,103 | $2.2M | Reduce -9.6% |
| PCOR Procore Technologies Inc. | 0.27% | 29,873 | $2.2M | Reduce -8.3% |
| FSLR First Solar Inc. | 0.27% | 9,702 | $2.1M | Reduce -5.3% |
| VOO Vanguard S&P 500 ETF | 0.27% | 3,444 | $2.1M | Add +2.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.25% | 2,979 | $2.0M | Reduce -5.3% |
| ISRG Intuitive Surgical Inc. | 0.24% | 4,237 | $1.9M | Add +46.0% |
| MCK McKesson Corp. | 0.23% | 2,356 | $1.8M | Reduce -21.3% |
| DUK Duke Energy Corp. | 0.21% | 13,419 | $1.7M | Reduce -3.6% |
| SONY Sony Group Corp. - SP ADR | 0.20% | 56,226 | $1.6M | Reduce -11.9% |
| MCD McDonald's Corp. | 0.19% | 4,951 | $1.5M | Add +0.6% |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.18% | 26,511 | $1.5M | No change |
| NVDA Nvidia Corp. | 0.18% | 7,731 | $1.4M | Add +2.9% |
| CHE Chemed Corp. | 0.18% | 3,154 | $1.4M | Add +0.1% |
| EMR Emerson Electric Co. | 0.17% | 10,312 | $1.4M | Reduce -5.6% |
| TRV The Travelers Cos Inc. | 0.17% | 4,799 | $1.3M | Reduce -0.1% |
| AXP American Express Co. | 0.17% | 4,031 | $1.3M | Add +32.9% |
| WMT Walmart Inc. | 0.17% | 12,816 | $1.3M | Add +1.6% |
| DE Deere & Co. | 0.15% | 2,568 | $1.2M | Reduce -5.4% |
| GE General Electric filed as GE AEROSPACE | 0.15% | 3,868 | $1.2M | Reduce -16.8% |
| XYL Xylem Inc. | 0.15% | 7,862 | $1.2M | Reduce -7.7% |
| DOV Dover Corp. | 0.14% | 6,841 | $1.1M | Add +0.9% |
| HD Home Depot Inc. | 0.13% | 2,639 | $1.1M | Add +1.1% |
| VZ Verizon Communications Inc. | 0.13% | 23,675 | $1.0M | Add +0.8% |
| AZN Astrazeneca PLC-Spons ADR | 0.12% | 12,832 | $984K | Reduce -10.4% |
| IAU iShares Gold Trust | 0.12% | 13,451 | $979K | Reduce -1.0% |
| PEP Pepsico Inc. | 0.12% | 6,881 | $966K | Reduce -1.8% |
| CVX Chevron Corp. | 0.12% | 6,171 | $958K | Add +12.4% |
| AMKR Amkor Technology Inc. | 0.12% | 33,174 | $942K | Add +0.1% |
| EWBC East West Bancorp Inc. | 0.11% | 8,199 | $873K | Add +15.9% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.11% | 4,283 | $846K | Reduce -4.2% |
| FDX FedEx Corp. | 0.11% | 3,562 | $840K | Reduce -1.8% |
| ETN Eaton Corp. PLC | 0.10% | 2,150 | $805K | Add +3.7% |
| BMY Bristol-Myers Squibb Co. | 0.10% | 17,421 | $786K | Reduce -4.2% |
| APD Air Products & Chemicals Inc. | 0.10% | 2,775 | $757K | Reduce -28.8% |
| MKSI MKS Inc. | 0.09% | 6,005 | $743K | Reduce -3.2% |
| COP Conocophillips | 0.09% | 7,782 | $736K | Add +2.1% |
| IVV iShares Core S&P 500 ETF | 0.09% | 1,081 | $724K | No change |
| BEPC Brookfield Renewable Cor-A | 0.09% | 20,737 | $714K | Reduce -7.8% |
| XLK SS Technology Select Sector | 0.09% | 2,514 | $709K | Reduce -0.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.09% | 4,893 | $707K | Add +3.6% |
| LNT Alliant Energy Corp. | 0.08% | 9,951 | $671K | Reduce -2.0% |
| TT Trane Technologies PLC | 0.08% | 1,541 | $650K | Add +1.7% |
Portfolio Sells Q2 2025 → Q3 2025
| DIS The Walt Disney Co. | Reduce -55.0% | 0.30% | −0.47 |
| COST Costco Wholesale Corp. | Reduce -2.1% | 1.25% | −0.20 |
| MSFT Microsoft Corp. | Reduce -3.7% | 3.05% | −0.18 |
| MRK Merck & Co. Inc. | Reduce -19.0% | 0.73% | −0.17 |
| V Visa Inc. Class A | Reduce -7.3% | 0.88% | −0.17 |
| IBM Intl Business Machines Corp. | Reduce -3.7% | 0.87% | −0.13 |
| AMZN Amazon.com Inc. | Reduce -9.0% | 0.76% | −0.13 |
| HON Honeywell International Inc. | Reduce -5.9% | 0.41% | −0.10 |
| ROP Roper Technologies Inc. | Reduce -2.2% | 0.41% | −0.10 |
| SCHF Schwab Intl Equity ETF | Reduce -3.8% | 1.84% | −0.09 |
| ATR Aptargroup Inc. | Reduce -2.7% | 0.30% | −0.08 |
| IOT Samsara Inc. Class A | Reduce -6.5% | 0.36% | −0.08 |
| CSCO Cisco Systems Inc. | Reduce -7.3% | 0.43% | −0.07 |
| SCHW Schwab (charles) Corp. | Reduce -3.1% | 1.46% | −0.07 |
| XOM Exxon Mobil Corp. | Reduce -12.8% | 0.40% | −0.07 |
| NI Nisource Inc. | Reduce -11.7% | 0.54% | −0.07 |
| MCK McKesson Corp. | Reduce -21.3% | 0.23% | −0.06 |
| YUMC Yum China Holdings Inc. | Reduce -9.1% | 0.28% | −0.06 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.3% | 1.12% | −0.06 |
| PG The Procter & Gamble Co. | Reduce -4.2% | 0.38% | −0.06 |
| IWD iShares Russell 1000 Value E | Reduce -6.6% | 0.66% | −0.06 |
| APD Air Products & Chemicals Inc. | Reduce -28.8% | 0.10% | −0.05 |
| PFE Pfizer Inc. | Reduce -8.6% | 0.43% | −0.05 |
| CI The Cigna Group | Reduce -44.9% | 0.03% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -7.8% | 0.63% | −0.04 |
| DE Deere & Co. | Reduce -5.4% | 0.15% | −0.04 |
| INGR Ingredion Inc. | Reduce -15.9% | 0.08% | −0.03 |
| BA The Boeing Co. | Reduce -3.4% | 0.41% | −0.03 |
| ABT Abbott Laboratories | Reduce -0.1% | 0.34% | −0.03 |
| NOW ServiceNow Inc. | Reduce -32.2% | 0.04% | −0.03 |
| SWKS Skyworks Solutions Inc. | Reduce -59.6% | 0.02% | −0.03 |
| SHEL Shell PLC-ADR | Reduce -42.4% | 0.03% | −0.02 |
| EMR Emerson Electric Co. | Reduce -5.6% | 0.17% | −0.02 |
| PCOR Procore Technologies Inc. | Reduce -8.3% | 0.27% | −0.02 |
| MDT Medtronic PLC | Reduce -6.3% | 0.56% | −0.02 |
| IYW iShares Ustechnology ETF | Sold out | 0.00% | −0.02 |
| SONY Sony Group Corp. - SP ADR | Reduce -11.9% | 0.20% | −0.02 |
| IYH iShares U.S. Healthcare ETF | Sold out | 0.00% | −0.02 |
| IYF iShares US Financials ETF | Sold out | 0.00% | −0.02 |
| MUNI PIMCO Intermediate Municipal | Reduce -0.3% | 0.38% | −0.02 |
| UL Unilever PLC | Reduce -14.3% | 0.06% | −0.02 |
| ESGV Vanguard ESG US Stock ETF | Reduce -2.1% | 3.23% | −0.02 |
| ITGR Integer Holdings Corp. | Reduce -3.4% | 0.05% | −0.02 |
| OKE Oneok Inc. | Reduce -12.1% | 0.04% | −0.02 |
| RTX RTX Corp. | Reduce -27.5% | 0.05% | −0.01 |
| EPD Enterprise Products Partners | Reduce -62.1% | 0.01% | −0.01 |
| BMY Bristol-Myers Squibb Co. | Reduce -4.2% | 0.10% | −0.01 |
| GE General Electric | Reduce -16.8% | 0.15% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -27.4% | 0.03% | −0.01 |
| IFF Intl Flavors & Fragrances | Reduce -92.7% | 0.00% | −0.01 |
Portfolio Buys Q2 2025 → Q3 2025
| SCHB Schwab US Broad Market ETF | Add +1.7% | 21.08% | +0.66 |
| VGIT Vanguard Intermediate-Term T | Add +9.1% | 7.77% | +0.23 |
| VCIT Vanguard Int-Term Corporate | Add +7.0% | 5.88% | +0.12 |
| VWO Vanguard Ftse Emerging Marke | Add +0.5% | 3.19% | +0.11 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +16.3% | 0.80% | +0.08 |
| ABBV Abbvie Inc. | Add +0.7% | 0.47% | +0.07 |
| AXP American Express Co. | Add +32.9% | 0.17% | +0.04 |
| IQV Iqvia Holdings Inc. | Add +0.4% | 0.29% | +0.03 |
| CB Chubb Ltd. | Add +14.7% | 0.58% | +0.03 |
| ISRG Intuitive Surgical Inc. | Add +46.0% | 0.24% | +0.03 |
| CEFA Global X S&P Cath Val Devel | New | 0.03% | +0.03 |
| AMKR Amkor Technology Inc. | Add +0.1% | 0.12% | +0.03 |
| CATH Global X S&P 500 Ca Val ETF | Add +49.2% | 0.08% | +0.03 |
| VTI VG Morningstar TS MKT ETF-US | Add +2.1% | 0.65% | +0.02 |
| VXUS Vanguard Total Intl Stock | New | 0.02% | +0.02 |
| NVDA Nvidia Corp. | Add +2.9% | 0.18% | +0.02 |
| WM Waste Management Inc. | Add +107.2% | 0.05% | +0.02 |
| IBD Inspire Corporate Bond ETF | New | 0.02% | +0.02 |
| CVX Chevron Corp. | Add +12.4% | 0.12% | +0.02 |
| EWBC East West Bancorp Inc. | Add +15.9% | 0.11% | +0.01 |
| PNC PNC Financial Services Group | Add +42.2% | 0.05% | +0.01 |
| ORCL Oracle Corp. | Add +5.3% | 0.06% | +0.01 |
| NSC Norfolk Southern Corp. | Add +9.7% | 0.07% | +0.01 |
| TJX TJX Companies Inc. | Add +3.6% | 0.09% | +0.01 |
| PEG Public Service Enterprise GP | Add +49.7% | 0.04% | +0.01 |
| NULG Nuveen ESG LRG-Cap GRW ETF | New | 0.01% | +0.01 |
| VCEB Vanguard ESG US Corp. Bond | Add +5.6% | 1.41% | +0.01 |
| VOO Vanguard S&P 500 ETF | Add +2.0% | 0.27% | +0.01 |
| NULV Nuveen ESG Large-Cap Val ETF | New | 0.01% | +0.01 |
| TRP TC Energy Corp. | New | 0.01% | +0.01 |
| GNRC Generac Holdings Inc. | Add +1.0% | 0.08% | +0.01 |
| VTES Vanguard SH Term Tax-Ex Bond | Add +78.1% | 0.02% | +0.01 |
| LOW Lowe's Cos Inc. | Add +15.6% | 0.04% | +0.01 |
| BLK BlackRock Finance Inc. | Add +8.9% | 0.06% | +0.01 |
| TMO Thermo Fisher Scientific Inc. | Add +1.4% | 0.06% | +0.01 |
| HD Home Depot Inc. | Add +1.1% | 0.13% | +0.01 |
| PM Philip Morris International | Add +233.3% | 0.01% | +0.01 |
| TSLA Tesla Inc. | Add +941.7% | 0.01% | +0.01 |
| VT Vanguard Tot World STK ETF | Add +13.0% | 0.05% | +0.01 |
| SRE Sempra | Add +0.9% | 0.05% | +0.01 |
| ZTS Zoetis Inc. | Add +33.0% | 0.03% | +0.00 |
| XJH Ishare ESG SS S&P Midcap ETF | Add +71.0% | 0.01% | +0.00 |
| NOC Northrop Grumman Corp. | Add +40.2% | 0.01% | +0.00 |
| NEE Nextera Energy Inc. | Add +3.8% | 0.07% | +0.00 |
| D Dominion Energy Inc. | New | 0.00% | +0.00 |
| SWK Stanley Black & Decker Inc. | New | 0.00% | +0.00 |
| APH Amphenol Corp. Class A | Add +31.3% | 0.01% | +0.00 |
| WEC WEC Energy Group Inc. | Add +3.0% | 0.05% | +0.00 |
| META Meta Platforms Inc. Class A | Add +16.1% | 0.04% | +0.00 |
| IEI iShares 3-7 Year Treasury Bo | Add +121.2% | 0.01% | +0.00 |
Notes & Other Activity Q2 2025 → Q3 2025
| OXY.WS Occidental Petroleum-CW27 | *W EXP 08/03/202 | Sold out | 123 | $3Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |