CIK: 0000914973
Total reported value
$246.1M
Reporting period: 2026-03-31 · Number of holdings: 118
HANOVER ADVISORS INC disclosed 118 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $246.1M and a quarterly turnover rate of 9.7%.
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Hanover Advisors INC's disclosed holdings carry a Herfindahl concentration index of 0.097 — mathematically equivalent to about 10 equally-sized positions, well below its 118 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.24), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 6% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Trim BIL
-26.3% -$2.6M
Trim AOM
-58.5% -$2.2M
Trim AOR
-32.6% -$2.2M
Trim MSFT
-18.2% -$806.9K
Trim VTI
-1.2% -$3.4M
Trim AOA
-20.8% -$704.3K
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 24.02% | -0.25% | -1.19% | |
| 2 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 15.76% | +0.11% | +0.88% | |
| 3 | VIG | Vanguard Dividend Apprec ETF | ETF-Other | 7.22% | +0.16% | -0.15% | |
| 4 | IWV | Ishares Russell 3000 ETF | ETF-Other | 5.75% | — | -0.37% | |
| 5 | BIV | Vanguard Intermediate-term B | ETF-Other | 3.29% | — | +0.99% | |
| 6 | BIL | Ss Spdr Bb 1-3m T-bill ETF | ETF-Gov Bonds | 3.01% | -0.88% | -26.28% | |
| 7 | MDY | State Street Spdr S&p Midcap | ETF-Other | 2.79% | +0.18% | +0.01% | |
| 8 | VBIL | Vanguard 0-3m T-bill ETF | ETF-Other | 2.32% | -0.01% | -5.14% | |
| 9 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 1.98% | — | -0.02% | |
| 10 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 1.86% | +0.14% | +0.18% | |
| 11 | AOR | Ishares Core 60/40 Balanced | ETF-Other | 1.77% | -0.77% | -32.64% | |
| 12 | VUG | Vanguard Growth ETF | ETF-Other | 1.35% | -0.08% | +0.93% | |
| 13 | AOA | Ishares Core 80/20 Aggressiv | ETF-Other | 1.03% | -0.23% | -20.79% | |
| 14 | VTV | Vanguard Value ETF | ETF-Other | 0.91% | +0.08% | +1.93% | |
| 15 | VGT | Vanguard Info Tech ETF | ETF-Tech | 0.85% | -0.03% | — | |
| 16 | BSCR | Invesco Bulletshares 2027 Cb | ETF-Other | 0.67% | — | -1.48% | |
| 17 | AIRR | First Trust Rba American Ind | ETF-Other | 0.64% | +0.14% | +8.68% | |
| 18 | AOM | Ishares Core 40/60 Moderate | ETF-Other | 0.63% | -0.83% | -58.48% | |
| 19 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.63% | +0.08% | — | |
| 20 | QLTA | Ishares Aaa - A Rated Corpor | ETF-Other | 0.61% | — | +1.56% | |
| 21 | VTIP | Vanguard Short-term Tips | ETF-Other | 0.60% | — | +3.21% | |
| 22 | BRK-B | Berkshire Hathaway Inc-cl B | Stock-Other | 0.60% | +0.11% | +23.20% | |
| 23 | TSLA | Tesla INC | Stock-Consumer Disc | 0.59% | -0.04% | +8.65% | |
| 24 | IXN | Ishares Global Tech ETF | ETF-Tech | 0.57% | — | +1.71% | |
| 25 | VTEB | Vanguard Tax-exempt Bond ETF | ETF-Other | 0.57% | — | -1.74% | |
| 26 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.56% | — | -1.10% | |
| 27 | PKG | Packaging CORP Of America | Stock-Consumer Disc | 0.55% | — | — | |
| 28 | MSFT | Microsoft CORP | Stock-Tech | 0.55% | -0.29% | -18.16% | |
| 29 | VNQ | Vanguard Real Estate ETF | ETF-Other | 0.53% | -0.03% | -11.05% | |
| 30 | BSCS | Invesco Bulletshares 2028 Cb | ETF-Other | 0.52% | — | -2.02% | |
| 31 | BSCQ | Invesco Bulletshares 2026 Cb | ETF-Other | 0.49% | — | -0.26% | |
| 32 | IEF | Ishares 7-10 Year Treasury B | ETF-Gov Bonds | 0.46% | — | -2.66% | |
| 33 | ARKG | Ark Genomic Revolution ETF | ETF-Other | 0.46% | +0.06% | +20.73% | |
| 34 | VIS | Vanguard Industrials ETF | ETF-Other | 0.45% | — | -3.57% | |
| 35 | EMXC | Ishares Msci Emr Mrk Ex Chna | ETF-Other | 0.43% | +0.11% | +21.37% | |
| 36 | BSCT | Invesco Bulletshares 2029 Cb | ETF-Other | 0.42% | — | +8.40% | |
| 37 | VGIT | Vanguard Intermediate-term T | ETF-Other | 0.39% | — | — | |
| 38 | BSCU | Invesco Bulletshares 2030 Cb | ETF-Other | 0.37% | +0.04% | +9.94% | |
| 39 | VOX | Vanguard Communication Servi | ETF-Other | 0.36% | -0.01% | -0.53% | |
| 40 | DFUS | Dimensional US Eq Mkt ETF | ETF-Other | 0.36% | — | — | |
| 41 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.35% | -0.08% | -5.17% | |
| 42 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 0.33% | — | -0.15% | |
| 43 | IWF | Ishares Russell 1000 Growth | ETF-Other | 0.32% | -0.02% | — | |
| 44 | IWD | Ishares Russell 1000 Value E | ETF-Other | 0.31% | — | — | |
| 45 | IVOO | Vanguard S&p Mid-cap 400 ETF | ETF-Other | 0.31% | — | — | |
| 46 | HD | Home Depot INC | Stock-Consumer Disc | 0.31% | +0.18% | +142.68% | |
| 47 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.29% | — | — | |
| 48 | XLK | Ss Technology Select Sector | ETF-Tech | 0.29% | -0.04% | -9.43% | |
| 49 | DFSV | Dimensional US Small Cap Val | ETF-Small Cap | 0.28% | — | +4.80% | |
| 50 | DFEV | Dimensional Emrg Mrkt Val | ETF-Other | 0.27% | — | +0.32% |
Performance for Q3 2026
+3.2%
Performance Last 4 Quarters
+14.6%
Based on 66% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 118 | $246.1M | 10 | |
| 2025-12-31 | 109 | $257.6M | 9 | |
| 2025-09-30 | 103 | $257.7M | 27 | |
| 2025-06-30 | 97 | $245.2M | 0 | |
| 2025-03-31 | 94 | $230.6M | 0 | |
| 2024-12-31 | 91 | $238.3M | 0 | |
| 2024-09-30 | 93 | $238.1M | 0 | |
| 2024-06-30 | 91 | $225.1M | 0 | |
| 2024-03-31 | 92 | $238.3M | 0 | |
| 2023-12-31 | 87 | $204.8M | 0 |
Hanover Advisors INC's most significant position changes for 2026-03-31: New buy: Costco Wholesale CORP (COST); New buy: Visa Inc-class A Shares (V); New buy: Alphabet Inc-cl C (GOOG); New buy: Ss Spdr S&p Semiconductor (XSD); New buy: Dimensional Emrg Mrkt Core (DFEM).
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-07 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-06 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-12 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-14 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-05 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-11-14 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-08-14 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-05-15 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-05-23 | 13F-HR | View on EDGAR |
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