Hanson & Doremus Investment Management
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed January 20, 2026), Hanson & Doremus Investment Management reported 484 stock positions worth $831.9 million. Its top holding was Schwab US Broad Market ETF (SCHB) at 22.1% of the portfolio, followed by Vanguard Intermediate-Term T (VGIT, 8.1%) and Vanguard Ftse Developed ETF (VEA, 6.1%). Compared with Q3 2025, it opened 21 new positions, sold out of 40, added to 69 and reduced 174. The biggest buy was Schwab US Broad Market ETF (SCHB, shares +8%) and the biggest sale Microsoft (MSFT, shares −4%).
- Most Recent 13F
- Q2 2026
- Location
- BURLINGTON, VT
- CIK
- 0001393944
- Portfolio Value
- $831.9M (Q4 2025)
- SEC Filing
- 0001393944-26-000001 ↗ filed Jan 20, 2026
Holdings Value
Holdings 484 stocks · $831.9M
| SCHB Schwab US Broad Market ETF | 22.09% | 7,007,872 | $183.8M | Add +7.6% |
| VGIT Vanguard Intermediate-Term T | 8.05% | 1,117,525 | $67.0M | Add +8.6% |
| VEA Vanguard Ftse Developed ETF | 6.11% | 813,857 | $50.8M | Add +2.1% |
| VCIT Vanguard Int-Term Corporate | 5.99% | 594,793 | $49.8M | Add +7.1% |
| ESGV Vanguard ESG US Stock ETF | 3.15% | 216,416 | $26.2M | Reduce -0.1% |
| VWO Vanguard Ftse Emerging Marke | 3.10% | 480,201 | $25.8M | Add +2.6% |
| TSM Taiwan Semiconductor-SP ADR | 3.00% | 82,135 | $25.0M | Reduce -4.6% |
| MSFT Microsoft Corp. | 2.62% | 45,050 | $21.8M | Reduce -3.8% |
| VSGX Vanguard ESG Intl Stock ETF | 2.02% | 234,527 | $16.8M | Reduce -0.2% |
| SCHF Schwab Intl Equity ETF | 1.80% | 623,303 | $15.0M | Reduce -0.7% |
| AAPL Apple Inc. | 1.55% | 47,366 | $12.9M | Reduce -2.5% |
| VCEB Vanguard ESG US Corp. Bond | 1.45% | 189,845 | $12.1M | Add +8.9% |
| SCHW Schwab (charles) Corp. | 1.44% | 119,585 | $11.9M | Reduce -1.5% |
| GLW Corning Inc. | 1.42% | 135,301 | $11.8M | Reduce -2.3% |
| GOOGL Alphabet Inc. Class A | 1.22% | 32,470 | $10.2M | Reduce -3.8% |
| STX Seagate Technology Holdings | 1.19% | 35,876 | $9.9M | Reduce -6.7% |
| BRK.B Berkshire Hathaway Inc. Class B | 1.06% | 17,593 | $8.8M | Reduce -0.9% |
| COST Costco Wholesale Corp. | 1.06% | 10,254 | $8.8M | Reduce -4.4% |
| GOOG Alphabet Inc. Class C | 0.95% | 25,132 | $7.9M | Reduce -1.4% |
| V Visa Inc. Class A | 0.86% | 20,514 | $7.2M | Add +0.4% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.85% | 23,928 | $7.1M | Reduce -2.6% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.83% | 136,880 | $6.9M | Add +8.4% |
| AMZN Amazon.com Inc. | 0.75% | 26,904 | $6.2M | Reduce -2.3% |
| MRK Merck & Co. Inc. | 0.74% | 58,591 | $6.2M | Reduce -15.7% |
| CB Chubb Ltd. | 0.70% | 18,714 | $5.8M | Add +15.1% |
| TRMK Trustmark Corp. | 0.65% | 139,397 | $5.4M | No change |
| IWD iShares Russell 1000 Value E | 0.65% | 25,673 | $5.4M | Add +0.1% |
| VTI VG Morningstar TS MKT ETF-US | 0.62% | 15,314 | $5.1M | Reduce -2.6% |
| AVGO Broadcom Inc. | 0.61% | 14,588 | $5.0M | Reduce -2.9% |
| JPM JPMorgan Chase & Co. | 0.59% | 15,186 | $4.9M | Reduce -4.1% |
| CAT Caterpillar Inc. | 0.55% | 7,930 | $4.5M | Reduce -1.3% |
| MDT Medtronic PLC | 0.53% | 46,313 | $4.4M | Reduce -0.8% |
| NI Nisource Inc. | 0.50% | 99,304 | $4.1M | Add +0.1% |
| LLY Eli Lilly & Co. | 0.48% | 3,725 | $4.0M | Reduce -2.8% |
| CSCO Cisco Systems Inc. | 0.45% | 48,811 | $3.8M | Reduce -1.6% |
| ABBV Abbvie Inc. | 0.44% | 16,013 | $3.7M | Reduce -0.1% |
| AMGN Amgen Inc. | 0.43% | 11,047 | $3.6M | Reduce -2.7% |
| GLD SPDR Gold Shares | 0.42% | 8,717 | $3.5M | Reduce -0.5% |
| KRC Kilroy Realty Corp. | 0.41% | 92,231 | $3.4M | Reduce -3.2% |
| BA The Boeing Co. | 0.41% | 15,723 | $3.4M | Add +4.5% |
| PFE Pfizer Inc. | 0.39% | 129,234 | $3.2M | Reduce -3.8% |
| XOM Exxon Mobil Corp. | 0.38% | 26,344 | $3.2M | Reduce -6.0% |
| MUNI PIMCO Intermediate Municipal | 0.36% | 57,139 | $3.0M | Reduce -0.1% |
| HON Honeywell International Inc. | 0.36% | 15,306 | $3.0M | Reduce -0.7% |
| SLB SLB Ltd. filed as SLB LIMITED | 0.36% | 77,740 | $3.0M | Add +5.0% |
| JNJ Johnson & Johnson | 0.34% | 13,818 | $2.9M | Add +4.4% |
| IQV Iqvia Holdings Inc. | 0.34% | 12,466 | $2.8M | Add +4.4% |
| ISRG Intuitive Surgical Inc. | 0.34% | 4,923 | $2.8M | Add +16.2% |
| IOT Samsara Inc. Class A | 0.33% | 77,898 | $2.8M | Add +0.1% |
| PG The Procter & Gamble Co. | 0.33% | 19,213 | $2.8M | Reduce -1.7% |
| KO The Coca-Cola Co. | 0.32% | 38,065 | $2.7M | Reduce -3.1% |
| ROP Roper Technologies Inc. | 0.32% | 5,922 | $2.6M | Reduce -8.3% |
| ABT Abbott Laboratories | 0.31% | 20,675 | $2.6M | Add +1.8% |
| FSLR First Solar Inc. | 0.31% | 9,875 | $2.6M | Add +1.8% |
| YUMC Yum China Holdings Inc. | 0.30% | 52,136 | $2.5M | Reduce -0.9% |
| VLO Valero Energy Corp. | 0.28% | 14,473 | $2.4M | Reduce -1.7% |
| VUG Vanguard Mrngstar GR ETF-Sui | 0.28% | 4,771 | $2.3M | Add +0.1% |
| PCOR Procore Technologies Inc. | 0.27% | 30,825 | $2.2M | Add +3.2% |
| GDX Vaneck Gold Miners ETF | 0.27% | 26,144 | $2.2M | Reduce -29.8% |
| VOO Vanguard S&P 500 ETF | 0.26% | 3,455 | $2.2M | Add +0.3% |
| ATR Aptargroup Inc. | 0.26% | 17,502 | $2.1M | Reduce -0.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.24% | 2,979 | $2.0M | No change |
| NCLH Norwegian Cruise Line Holdin | 0.24% | 90,857 | $2.0M | Reduce -0.3% |
| XYL Xylem Inc. | 0.23% | 14,242 | $1.9M | Add +81.2% |
| MCK McKesson Corp. | 0.22% | 2,209 | $1.8M | Reduce -6.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.21% | 15,048 | $1.7M | Reduce -28.4% |
| GE General Electric filed as GE AEROSPACE | 0.18% | 4,940 | $1.5M | Add +27.7% |
| MCD McDonald's Corp. | 0.18% | 4,944 | $1.5M | Reduce -0.1% |
| DUK Duke Energy Corp. | 0.18% | 12,713 | $1.5M | Reduce -5.3% |
| AXP American Express Co. | 0.18% | 4,000 | $1.5M | Reduce -0.8% |
| SONY Sony Group Corp. - SP ADR | 0.17% | 56,226 | $1.4M | No change |
| SPYX SS SPDR S&P 500 Foss FL ETF | 0.17% | 25,461 | $1.4M | Reduce -4.0% |
| WMT Walmart Inc. | 0.17% | 12,784 | $1.4M | Reduce -0.3% |
| NVDA Nvidia Corp. | 0.17% | 7,583 | $1.4M | Reduce -1.9% |
| CHE Chemed Corp. | 0.16% | 3,137 | $1.3M | Reduce -0.5% |
| DOV Dover Corp. | 0.16% | 6,841 | $1.3M | No change |
| EMR Emerson Electric Co. | 0.16% | 9,990 | $1.3M | Reduce -3.1% |
| TRV The Travelers Cos Inc. | 0.15% | 4,302 | $1.2M | Reduce -10.4% |
| AMKR Amkor Technology Inc. | 0.15% | 30,624 | $1.2M | Reduce -7.7% |
| AZN Astrazeneca PLC-Spons ADR | 0.14% | 12,409 | $1.1M | Reduce -3.3% |
| IAU iShares Gold Trust | 0.13% | 12,833 | $1.0M | Reduce -4.6% |
| FDX FedEx Corp. | 0.12% | 3,531 | $1.0M | Reduce -0.9% |
| BMY Bristol-Myers Squibb Co. | 0.12% | 18,556 | $1.0M | Add +6.5% |
| PEP Pepsico Inc. | 0.12% | 6,857 | $984K | Reduce -0.3% |
| MKSI MKS Inc. | 0.12% | 6,005 | $960K | No change |
| CVX Chevron Corp. | 0.11% | 6,015 | $917K | Reduce -2.5% |
| DE Deere & Co. | 0.11% | 1,956 | $911K | Reduce -23.8% |
| HD Home Depot Inc. | 0.11% | 2,639 | $908K | No change |
| EWBC East West Bancorp Inc. | 0.11% | 7,948 | $893K | Reduce -3.1% |
| VZ Verizon Communications Inc. | 0.10% | 20,986 | $855K | Reduce -11.4% |
| MTB M & T Bank Corp. filed as M & T BK CORP | 0.10% | 4,176 | $841K | Reduce -2.5% |
| VIG Vanguard Dividend Apprec ETF | 0.09% | 3,529 | $776K | Add +33.9% |
| BEPC Brookfield Renewable Cor-A | 0.09% | 19,998 | $767K | Reduce -3.6% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.09% | 4,878 | $749K | Reduce -0.3% |
| XLK SS Technology Select Sector | 0.09% | 5,012 | $722K | Reduce -0.3% |
| DGRO iShares Core Dividend Growth | 0.09% | 10,262 | $712K | Add +52.6% |
| COP Conocophillips | 0.08% | 7,322 | $685K | Reduce -5.9% |
| GEV GE Vernova Inc. | 0.08% | 1,048 | $685K | Add +36.6% |
| INTC Intel Corp. | 0.08% | 18,460 | $681K | No change |
| ETN Eaton Corp. PLC | 0.08% | 2,094 | $667K | Reduce -2.6% |
Portfolio Sells Q3 2025 → Q4 2025
| MSFT Microsoft Corp. | Reduce -3.8% | 2.62% | −0.44 |
| COST Costco Wholesale Corp. | Reduce -4.4% | 1.06% | −0.19 |
| DIS The Walt Disney Co. | Reduce -28.4% | 0.21% | −0.10 |
| KRC Kilroy Realty Corp. | Reduce -3.2% | 0.41% | −0.09 |
| GDX Vaneck Gold Miners ETF | Reduce -29.8% | 0.27% | −0.09 |
| ROP Roper Technologies Inc. | Reduce -8.3% | 0.32% | −0.09 |
| ESGV Vanguard ESG US Stock ETF | Reduce -0.1% | 3.15% | −0.08 |
| IVV iShares Core S&P 500 ETF | Reduce -74.8% | 0.02% | −0.07 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.9% | 1.06% | −0.06 |
| APD Air Products & Chemicals Inc. | Reduce -50.3% | 0.04% | −0.05 |
| HON Honeywell International Inc. | Reduce -0.7% | 0.36% | −0.05 |
| VST Vistra Corp. | Sold out | 0.00% | −0.05 |
| PG The Procter & Gamble Co. | Reduce -1.7% | 0.33% | −0.05 |
| PFE Pfizer Inc. | Reduce -3.8% | 0.39% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -4.1% | 0.59% | −0.04 |
| SCHF Schwab Intl Equity ETF | Reduce -0.7% | 1.80% | −0.04 |
| ST Sensata Technologies Holdplc | Reduce -95.1% | 0.00% | −0.04 |
| NCLH Norwegian Cruise Line Holdin | Reduce -0.3% | 0.24% | −0.04 |
| ATR Aptargroup Inc. | Reduce -0.2% | 0.26% | −0.04 |
| DE Deere & Co. | Reduce -23.8% | 0.11% | −0.04 |
| VSGX Vanguard ESG Intl Stock ETF | Reduce -0.2% | 2.02% | −0.03 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -2.6% | 0.62% | −0.03 |
| VLO Valero Energy Corp. | Reduce -1.7% | 0.28% | −0.03 |
| DUK Duke Energy Corp. | Reduce -5.3% | 0.18% | −0.03 |
| VZ Verizon Communications Inc. | Reduce -11.4% | 0.10% | −0.03 |
| ABBV Abbvie Inc. | Reduce -0.1% | 0.44% | −0.03 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -4.6% | 3.00% | −0.03 |
| MDT Medtronic PLC | Reduce -0.8% | 0.53% | −0.03 |
| ORCL Oracle Corp. | Reduce -6.7% | 0.04% | −0.02 |
| SCHW Schwab (charles) Corp. | Reduce -1.5% | 1.44% | −0.02 |
| DD Dupont DE Nemours Inc. | Reduce -43.4% | 0.01% | −0.02 |
| INGR Ingredion Inc. | Reduce -16.5% | 0.05% | −0.02 |
| ETN Eaton Corp. PLC | Reduce -2.6% | 0.08% | −0.02 |
| IBM Intl Business Machines Corp. | Reduce -2.6% | 0.85% | −0.02 |
| MDY State Street SPDR S&P Midcap | Reduce -52.6% | 0.02% | −0.02 |
| SOLS Solstice Adv Materials Inc. | Reduce -79.0% | 0.00% | −0.02 |
| TRV The Travelers Cos Inc. | Reduce -10.4% | 0.15% | −0.02 |
| GNRC Generac Holdings Inc. | Reduce -0.7% | 0.06% | −0.02 |
| AVGO Broadcom Inc. | Reduce -2.9% | 0.61% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -6.0% | 0.38% | −0.02 |
| MUNI PIMCO Intermediate Municipal | Reduce -0.1% | 0.36% | −0.02 |
| CHE Chemed Corp. | Reduce -0.5% | 0.16% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -30.2% | 0.03% | −0.02 |
| UL Unilever PLC | Reduce -31.7% | 0.04% | −0.02 |
| MDLZ Mondelez International Inc. Class A | Reduce -6.9% | 0.05% | −0.01 |
| AMZN Amazon.com Inc. | Reduce -2.3% | 0.75% | −0.01 |
| NFLX Netflix Inc. | Reduce -3.9% | 0.03% | −0.01 |
| NVDA Nvidia Corp. | Reduce -1.9% | 0.17% | −0.01 |
| MCK McKesson Corp. | Reduce -6.2% | 0.22% | −0.01 |
| SPYX SS SPDR S&P 500 Foss FL ETF | Reduce -4.0% | 0.17% | −0.01 |
Portfolio Buys Q3 2025 → Q4 2025
| SCHB Schwab US Broad Market ETF | Add +7.6% | 22.09% | +1.01 |
| VGIT Vanguard Intermediate-Term T | Add +8.6% | 8.05% | +0.28 |
| CB Chubb Ltd. | Add +15.1% | 0.70% | +0.12 |
| VCIT Vanguard Int-Term Corporate | Add +7.1% | 5.99% | +0.11 |
| VEA Vanguard Ftse Developed ETF | Add +2.1% | 6.11% | +0.10 |
| ISRG Intuitive Surgical Inc. | Add +16.2% | 0.34% | +0.10 |
| XYL Xylem Inc. | Add +81.2% | 0.23% | +0.09 |
| IQV Iqvia Holdings Inc. | Add +4.4% | 0.34% | +0.05 |
| VCEB Vanguard ESG US Corp. Bond | Add +8.9% | 1.45% | +0.04 |
| FSLR First Solar Inc. | Add +1.8% | 0.31% | +0.04 |
| VYM Vanguard High DVD Yield ETF | Add +185.3% | 0.06% | +0.04 |
| SLB SLB Ltd. | Add +5.0% | 0.36% | +0.04 |
| GE General Electric | Add +27.7% | 0.18% | +0.04 |
| JNJ Johnson & Johnson | Add +4.4% | 0.34% | +0.03 |
| VTEB Vanguard Tax-Exempt Bond ETF | Add +8.4% | 0.83% | +0.03 |
| DGRO iShares Core Dividend Growth | Add +52.6% | 0.09% | +0.03 |
| GEV GE Vernova Inc. | Add +36.6% | 0.08% | +0.02 |
| NNN NNN REIT Inc. | New | 0.02% | +0.02 |
| VIG Vanguard Dividend Apprec ETF | Add +33.9% | 0.09% | +0.02 |
| BMY Bristol-Myers Squibb Co. | Add +6.5% | 0.12% | +0.02 |
| WM Waste Management Inc. | Add +41.4% | 0.06% | +0.02 |
| MMM 3M Co. | Add +46.1% | 0.04% | +0.01 |
| CEFA Global X S&P Cath Val Devel | Add +27.8% | 0.03% | +0.01 |
| DEO Diageo PLC-Sponsored ADR | Add +574.2% | 0.01% | +0.01 |
| VRTX Vertex Pharmaceuticals Inc. | Add +3.8% | 0.03% | +0.00 |
| GEHC GE Healthcare Technology | Add +36.0% | 0.01% | +0.00 |
| COF Capital One Financial Corp. | Add +1.9% | 0.03% | +0.00 |
| CATH Global X S&P 500 Ca Val ETF | Add +6.4% | 0.08% | +0.00 |
| VITL Vital Farms Inc. | Add +44.5% | 0.03% | +0.00 |
| CRWD CrowdStrike Holdings Inc. Class A | Add +170.0% | 0.00% | +0.00 |
| SOLV Solventum Corp. | New | 0.00% | +0.00 |
| BA The Boeing Co. | Add +4.5% | 0.41% | +0.00 |
| SBGSY Schneider Elect SE-Unsp ADR | New | 0.00% | +0.00 |
| MS Morgan Stanley | Add +0.3% | 0.02% | +0.00 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +5.8% | 0.04% | +0.00 |
| IEFA iShares Core MSCI Eafe ETF | Add +20.2% | 0.01% | +0.00 |
| ADSK Autodesk Inc. | Add +57.5% | 0.00% | +0.00 |
| XLG Invesco S&P 500 Top 50 ETF | New | 0.00% | +0.00 |
| ASPI Asp Isotopes Inc. | New | 0.00% | +0.00 |
| LHX L3HARRIS Technologies Inc. | New | 0.00% | +0.00 |
| LEN Lennar Corp. Class A | New | 0.00% | +0.00 |
| SHOP Shopify Inc. Class A | Add +22.8% | 0.00% | +0.00 |
| WBD Warner Bros Discovery Inc. | New | 0.00% | +0.00 |
| COR Cencora Inc. | Add +9.5% | 0.00% | +0.00 |
| ACWX iShares MSCI Acwi Ex US ETF | New | 0.00% | +0.00 |
| VCSH Vanguard S/T Corp. Bond ETF | New | 0.00% | +0.00 |
| ALB Albemarle Corp. | New | 0.00% | +0.00 |
| RSP Invesco S&P 500 Equal Weight | Add +8.5% | 0.01% | +0.00 |
| MSCI MSCI Inc. | New | 0.00% | +0.00 |
| MBB iShares MBS ETF | New | 0.00% | +0.00 |
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 |