Hanson & Doremus Investment Management

CIK

1393944

Location

BURLINGTON, VT

Portfolio Value

Small $358,340,736

Diversification

Diversified

Filing Date

Global Rank

#2,823 / 8,232 ▲ 302

Top Industry

Semiconductors 10.0%

3Y Alpha vs SPY

+1.8%

Period ended 2 months ago

Filed Apr 17, 2026 · 58d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+84.3%

SPY

+76.3%

Annualised alpha

+1.8%

Max drawdown

−17.4%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

359 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.4%

−0.1 pts

Top 5

24.8%

−0.5 pts

Top 10

38.3%

−0.5 pts

HHI

221

Diversified−11

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	34.6%	$123,896,459	64
Financial Services	16.2%	$58,001,335	55
Healthcare	13.3%	$47,531,506	51
Industrials	9.6%	$34,519,495	52
Consumer Defensive	6.7%	$24,079,609	25
Consumer Cyclical	4.9%	$17,397,904	26
Energy	4.9%	$17,380,755	17
Communication Services	3.7%	$13,168,497	20
Utilities	2.8%	$10,055,955	16
Unclassified	2.1%	$7,386,940	5
Real Estate	1.0%	$3,673,351	15
Basic Materials	0.3%	$1,248,930	13

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
CSX	Csx Corp	+17,281	25,452	$1,044,804
TD	Toronto Dominion Bank	+10,564	17,356	$1,619,488
WMT	Walmart Inc.	+10,330	23,114	$2,872,607
CSCO	Cisco Systems, Inc.	+9,286	58,097	$4,507,746
EMR	Emerson Electric Co	+8,221	18,211	$2,386,005
TSLA	Tesla, Inc.	+7,595	7,720	$2,869,910
KO	Coca Cola Co	+7,501	45,566	$3,465,294
SCHW	Schwab Charles Corp	+6,999	126,584	$11,896,364
WM	Waste Management Inc	+6,696	9,055	$2,080,748
GILT	Gilat Satellite Networks Ltd	+5,500	9,404	$141,248
VZ	Verizon Communications Inc	+5,284	26,270	$1,318,754
ABT	Abbott Laboratories	+4,718	25,393	$2,607,099
XYL	Xylem Inc.	+4,584	18,826	$2,249,707
MDT	Medtronic plc	+3,973	50,286	$4,357,281
NSC	Norfolk Southern Corp	+3,913	5,616	$1,611,792
NVS	Novartis AG	+3,903	4,528	$691,652
SLB	Slb Limited/Nv	+3,727	81,467	$4,186,589
VITL	Vital Farms, Inc.	+3,059	11,611	$163,947
JPM	Jpmorgan Chase & Co	+2,792	17,978	$5,288,408
MSFT	Microsoft Corp	+2,645	47,695	$17,655,258
AAPL	Apple Inc.	+2,586	49,952	$12,677,318
NEE	Nextera Energy Inc	+2,582	10,111	$939,109
GLW	Corning Inc /Ny	+2,382	137,683	$18,720,757
XOM	Exxon Mobil Corp	+2,371	28,715	$4,871,786
PG	PROCTER & GAMBLE Co	+2,352	21,565	$3,114,848
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
KRC	Kilroy Realty Corp	−71,313	20,918	$590,096
PFE	Pfizer Inc	−70,897	58,337	$1,638,102
IOT	Samsara Inc.	−3,741	74,157	$2,350,035
DIS	Walt Disney Co	−3,559	11,489	$1,107,309
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−3,366	78,769	$26,619,983
NCLH	Norwegian Cruise Line Holdings Ltd.	−2,953	87,904	$1,643,804
STX	Seagate Technology Holdings plc	−2,613	33,263	$13,031,112
WY	Weyerhaeuser Co	−2,197	6,544	$159,869
DOC	Healthpeak Properties, Inc.	−1,600	800	$13,144
QRVO	Qorvo, Inc.	−1,034	5,302	$410,374
ROP	Roper Technologies Inc	−816	5,106	$1,806,809
SONY	Sony Group Corp	−816	55,410	$1,146,987
GEN	Gen Digital Inc.	−745	12,949	$243,829
PCOR	Procore Technologies, Inc.	−729	30,096	$1,715,472
Q	Qnity Electronics, Inc.	−673	797	$91,957
AMKR	Amkor Technology, Inc.	−555	30,069	$1,354,007
VSAT	Viasat Inc	−510	1,681	$76,989
SHEL	Shell plc	−441	2,728	$253,704
COP	Conocophillips	−440	6,882	$908,424
SOLS	Solstice Advanced Materials Inc.	−364	446	$33,967
MDLZ	Mondelez International, Inc.	−354	7,165	$412,990
VYX	NCR Voyix Corp	−350	3,610	$22,851
CAT	Caterpillar Inc	−344	7,586	$5,374,377
GEHC	GE HealthCare Technologies Inc.	−326	663	$47,192
ABBV	AbbVie Inc.	−315	15,698	$3,414,158
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AMT	American Tower Corp /Ma/	7,614	$1,314,024
AZN	Astrazeneca PLC	6,009	$1,185,094
CMTV	Community Bancorp /Vt	14,322	$445,414
FLEX	Flex Ltd.	3,466	$226,884
FITB	Fifth Third Bancorp	3,732	$173,388
BMO	Bank Of Montreal /Can/	1,000	$135,340
WAT	Waters Corp /De/	392	$116,737
NXT	Nextpower Inc.	704	$84,867
EOSE	Eos Energy Enterprises, Inc.	15,500	$76,880
MRVL	Marvell Technology, Inc.	600	$59,430
TPR	Tapestry, Inc.	400	$56,444
AEP	American Electric Power Co Inc	420	$55,053
VMC	Vulcan Materials CO	200	$54,460
TSEM	Tower Semiconductor Ltd	300	$52,644
BP	Bp PLC	1,058	$49,726
ALCO	Alico, Inc.	1,035	$42,704
NET	Cloudflare, Inc.	200	$41,268
CHH	Choice Hotels International Inc /De	374	$38,709
MELI	Mercadolibre Inc	20	$34,580
TY	TRI-CONTINENTAL Corp	929	$29,347
RBLX	Roblox Corp	450	$25,452
EW	Edwards Lifesciences Corp	312	$24,984
TDC	Teradata Corp /De/	750	$19,222
TDG	TransDigm Group INC	15	$17,384
IIM	Invesco Value Municipal Income Trust	1,138	$13,838
No positions match the current search.

Sold Out

Positions the filer fully exited

21 positions

Ticker	Company	Shares	Value
PEG	Public Service Enterprise Group Inc	3,588	$288,116
NNN	Nnn REIT, Inc.	4,725	$187,251
PSA	Public Storage	339	$87,970
D	Dominion Energy, Inc	454	$26,599
ECL	Ecolab Inc.	90	$23,626
ADSK	Autodesk, Inc.	74	$21,904
ORLY	O Reilly Automotive Inc	135	$12,313
MO	Altria Group, Inc.	184	$10,609
AJG	Arthur J. Gallagher & Co.	29	$7,504
AZO	Autozone Inc	2	$6,783
QCOM	Qualcomm Inc/De	38	$6,499
IFF	International Flavors & Fragrances Inc	96	$6,469
SOBO	South Bow Corp	226	$6,208
CMS	Cms Energy Corp	75	$5,244
CTAS	Cintas Corp	27	$5,077
MSCI	MSCI Inc.	3	$1,721
ALB	Albemarle Corp	12	$1,697
LAC	Lithium Americas Corp.	65	$283
MRNA	Moderna, Inc.	9	$265
DOCU	Docusign, Inc.	2	$136
GDRX	GoodRx Holdings, Inc.	11	$29
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

359 positions · $358,340,736 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 359 positions by value · page 1 of 8

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	78,769	-3,366	$26,619,983	+6.7%	7.43%
GLW	Corning Inc /Ny Technology	Added	137,683	+2,382	$18,720,757	+58.0%	5.22%
MSFT	Microsoft Corp Technology	Added	47,695	+2,645	$17,655,258	−19.0%	4.93%
STX	Seagate Technology Holdings plc Technology	Reduced	33,263	-2,613	$13,031,112	+31.9%	3.64%
AAPL	Apple Inc. Technology	Added	49,952	+2,586	$12,677,318	−1.6%	3.54%
SCHW	Schwab Charles Corp Financial Services	Added	126,584	+6,999	$11,896,364	−0.4%	3.32%
COST	Costco Wholesale Corp /New Consumer Defensive	Added	11,047	+793	$11,007,562	+24.5%	3.07%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	19,572	+1,979	$9,378,902	+6.1%	2.62%
GOOGL	Alphabet Inc. Communication Services	Reduced	32,411	-59	$9,320,107	−8.3%	2.60%
MRK	Merck & Co., Inc. Healthcare	Added	58,928	+337	$7,088,449	+14.9%	1.98%
V	Visa Inc. Financial Services	Added	21,757	+1,243	$6,575,835	−8.6%	1.84%
CB	Chubb Ltd Financial Services	Added	19,343	+629	$6,304,463	+7.9%	1.76%
IBM	International Business Machines Corp Technology	Added	25,769	+1,841	$6,246,147	−11.9%	1.74%
TRMK	Trustmark Corp Financial Services	Held	139,397	0	$5,874,189	+8.2%	1.64%
AMZN	Amazon Com Inc Consumer Cyclical	Added	27,804	+900	$5,790,739	−6.8%	1.62%
CAT	Caterpillar Inc Industrials	Reduced	7,586	-344	$5,374,377	+18.3%	1.50%
JPM	Jpmorgan Chase & Co Financial Services	Added	17,978	+2,792	$5,288,408	+8.1%	1.48%
XOM	Exxon Mobil Corp Energy	Added	28,715	+2,371	$4,871,786	+53.7%	1.36%
NI	Nisource Inc. Utilities	Added	100,942	+1,638	$4,709,953	+13.6%	1.31%
AVGO	Broadcom Inc. Technology	Added	14,612	+24	$4,522,560	−10.4%	1.26%
CSCO	Cisco Systems, Inc. Technology	Added	58,097	+9,286	$4,507,746	+19.9%	1.26%
MDT	Medtronic plc Healthcare	Added	50,286	+3,973	$4,357,281	−2.1%	1.22%
SLB	Slb Limited/Nv Energy	Added	81,467	+3,727	$4,186,589	+40.3%	1.17%
AMGN	Amgen Inc Healthcare	Added	11,185	+138	$3,935,442	+8.8%	1.10%
JNJ	Johnson & Johnson Healthcare	Added	15,840	+2,022	$3,871,929	+35.4%	1.08%
GLD	Spdr Gold Trust	Held	8,717	0	$3,750,837	+8.6%	1.05%
VLO	Valero Energy Corp/Tx Energy	Reduced	14,295	-178	$3,532,008	+49.9%	0.99%
KO	Coca Cola Co Consumer Defensive	Added	45,566	+7,501	$3,465,294	+30.2%	0.97%
ABBV	AbbVie Inc. Healthcare	Reduced	15,698	-315	$3,414,158	−6.7%	0.95%
HON	Honeywell International Inc Industrials	Reduced	15,050	-256	$3,401,751	+13.9%	0.95%
BA	Boeing Co Industrials	Added	16,982	+1,259	$3,379,927	−1.0%	0.94%
LLY	ELI LILLY & Co Healthcare	Reduced	3,665	-60	$3,370,957	−15.8%	0.94%
PG	PROCTER & GAMBLE Co Consumer Defensive	Added	21,565	+2,352	$3,114,848	+13.1%	0.87%
WMT	Walmart Inc. Consumer Defensive	Added	23,114	+10,330	$2,872,607	+101.7%	0.80%
TSLA	Tesla, Inc. Consumer Cyclical	Added	7,720	+7,595	$2,869,910	+5005.2%	0.80%
ABT	Abbott Laboratories Healthcare	Added	25,393	+4,718	$2,607,099	+0.6%	0.73%
YUMC	Yum China Holdings, Inc. Consumer Cyclical	Reduced	52,034	-102	$2,538,218	+2.0%	0.71%
ISRG	Intuitive Surgical Inc Healthcare	Added	5,298	+375	$2,442,325	−12.4%	0.68%
IQV	Iqvia Holdings Inc. Healthcare	Added	14,109	+1,643	$2,406,148	−14.4%	0.67%
EMR	Emerson Electric Co Industrials	Added	18,211	+8,221	$2,386,005	+80.0%	0.67%
IOT	Samsara Inc. Technology	Reduced	74,157	-3,741	$2,350,035	−14.9%	0.66%
SPY	Spdr S&P 500 ETF Trust	Added	3,597	+618	$2,339,272	+15.2%	0.65%
XYL	Xylem Inc. Industrials	Added	18,826	+4,584	$2,249,707	+16.0%	0.63%
ATR	Aptargroup, Inc. Healthcare	Added	17,632	+130	$2,221,984	+4.1%	0.62%
WM	Waste Management Inc Industrials	Added	9,055	+6,696	$2,080,748	+301.5%	0.58%
FSLR	First Solar, Inc. Technology	Added	10,482	+607	$2,067,679	−19.8%	0.58%
GE	General Electric Co Industrials	Added	7,072	+2,132	$2,006,821	+31.9%	0.56%
DUK	Duke Energy CORP Utilities	Added	14,995	+2,282	$1,963,445	+31.8%	0.55%
ROP	Roper Technologies Inc Technology	Reduced	5,106	-816	$1,806,809	−31.5%	0.50%
MCK	Mckesson Corp Healthcare	Reduced	1,984	-225	$1,716,874	−5.3%	0.48%