HANOVER ADVISORS INC

CIK

914973

Location

SENECA, SC

Portfolio Value

Micro $60,999,938

Diversification

Highly concentrated

Filing Date

Global Rank

#6,220 / 8,232 ▲ 224

Top Industry

Software - Infrastructure 14.8%

3Y Alpha vs SPY

-3.4%

Period ended 2 months ago

Filed May 7, 2026 · 38d

10 quarters · since Dec 2023

Clone Performance

Feb 2024–Jun 2026 · vs SPY

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

Cloned portfolio

+43.0%

SPY

+52.9%

Annualised alpha

-3.4%

Max drawdown

−18.5%

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

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

Top Position

63.6%

−1.5 pts

Top 5

82.1%

−2.1 pts

Top 10

90.3%

−2.2 pts

HHI

4,204

Highly concentrated−184

Portfolio Trend

10 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Unclassified	75.4%	$45,994,107	3
Consumer Cyclical	6.8%	$4,149,540	4
Financial Services	6.2%	$3,792,553	8
Consumer Defensive	4.4%	$2,674,170	4
Technology	4.1%	$2,526,469	3
Real Estate	1.9%	$1,163,635	6
Healthcare	0.8%	$480,772	1
Energy	0.4%	$218,692	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
HD	Home Depot, Inc.	+1,354	2,303	$757,433
MAC	Macerich Co	+694	14,715	$278,113
BRK-B	Berkshire Hathaway Inc	+577	3,064	$1,468,268
SPY	Spdr S&P 500 ETF Trust	+518	59,612	$38,768,068
TSLA	Tesla, Inc.	+313	3,930	$1,460,977
JPM	Jpmorgan Chase & Co	+31	1,195	$351,521
MDY	Spdr S&P Midcap 400 ETF Trust	+1	11,128	$6,863,305
No positions match the current search.

Trimmed

Positions the filer reduced

7 positions

Ticker	Company	Δ Shares	Shares	Value
MSFT	Microsoft Corp	−811	3,655	$1,352,971
PDM	Piedmont Realty Trust, Inc.	−450	12,366	$81,244
PLTR	Palantir Technologies Inc.	−324	5,949	$870,219
BAC	Bank Of America Corp /De/	−271	12,817	$624,828
GLPI	Gaming & Leisure Properties, Inc.	−164	6,765	$300,163
FR	First Industrial Realty Trust Inc	−151	3,942	$228,044
GLD	Spdr Gold Trust	−6	843	$362,734
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
COST	Costco Wholesale Corp /New	555	$553,018
V	Visa Inc.	1,323	$399,863
NTRS	Northern Trust Corp	1,645	$229,592
MPLX	Mplx LP	3,832	$218,692
HST	Host Hotels & Resorts, Inc.	10,008	$191,753
ESRT	Empire State Realty Trust, Inc.	16,215	$84,318
No positions match the current search.

Sold Out

Positions the filer fully exited

3 positions

Ticker	Company	Shares	Value
DLR	Digital Realty Trust, Inc.	1,727	$267,184
CVNA	Carvana Co.	475	$200,459
COLD	Americold Realty Trust	13,194	$169,674
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

30 positions · $60,999,938 total · as of Mar 31, 2026

All sectors Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
PDM	Piedmont Realty Trust, Inc. Real Estate	Reduced	12,366	-450	$81,244	−24.0%	0.13%
ESRT	Empire State Realty Trust, Inc. Real Estate	NEW	16,215	NEW	$84,318	NEW	0.14%
HST	Host Hotels & Resorts, Inc. Real Estate	NEW	10,008	NEW	$191,753	NEW	0.31%
MPLX	Mplx LP Energy	NEW	3,832	NEW	$218,692	NEW	0.36%
UCB	United Community Banks Inc Financial Services	Held	7,059	0	$222,287	+0.9%	0.36%
FR	First Industrial Realty Trust Inc Real Estate	Reduced	3,942	-151	$228,044	−2.7%	0.37%
NTRS	Northern Trust Corp Financial Services	NEW	1,645	NEW	$229,592	NEW	0.38%
STEW	SRH Total Return Fund, Inc. Financial Services	Held	13,976	0	$238,989	−7.8%	0.39%
SSB	SouthState Bank Corp Financial Services	Held	2,780	0	$257,205	−1.7%	0.42%
PEP	Pepsico Inc Consumer Defensive	Held	1,678	0	$260,576	+8.2%	0.43%
MAC	Macerich Co Real Estate	Added	14,715	+694	$278,113	+7.5%	0.46%
GLPI	Gaming & Leisure Properties, Inc. Real Estate	Reduced	6,765	-164	$300,163	−3.1%	0.49%
AAPL	Apple Inc. Technology	Held	1,195	0	$303,279	−6.6%	0.50%
WMT	Walmart Inc. Consumer Defensive	Held	2,550	0	$316,914	+11.6%	0.52%
JPM	Jpmorgan Chase & Co Financial Services	Added	1,195	+31	$351,521	−6.3%	0.58%
GLD	Spdr Gold Trust	Reduced	843	-6	$362,734	+7.8%	0.59%
V	Visa Inc. Financial Services	NEW	1,323	NEW	$399,863	NEW	0.66%
GMED	Globus Medical Inc Healthcare	Held	5,580	0	$480,772	−1.3%	0.79%
COST	Costco Wholesale Corp /New Consumer Defensive	NEW	555	NEW	$553,018	NEW	0.91%
MPX	Marine Products Group, LLC Consumer Cyclical	Held	78,135	0	$568,041	−17.0%	0.93%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	12,817	-271	$624,828	−13.2%	1.02%
HD	Home Depot, Inc. Consumer Cyclical	Added	2,303	+1,354	$757,433	+132.0%	1.24%
PLTR	Palantir Technologies Inc. Technology	Reduced	5,949	-324	$870,219	−22.0%	1.43%
MSFT	Microsoft Corp Technology	Reduced	3,655	-811	$1,352,971	−37.4%	2.22%
PKG	Packaging Corp Of America Consumer Cyclical	Held	6,423	0	$1,363,089	+2.9%	2.23%
TSLA	Tesla, Inc. Consumer Cyclical	Added	3,930	+313	$1,460,977	−10.2%	2.40%
BRK-B	Berkshire Hathaway Inc Financial Services	Added	3,064	+577	$1,468,268	+17.5%	2.41%
KO	Coca Cola Co Consumer Defensive	Held	20,298	0	$1,543,662	+8.8%	2.53%
MDY	Spdr S&P Midcap 400 ETF Trust	Added	11,128	+1	$6,863,305	+2.2%	11.25%
SPY	Spdr S&P 500 ETF Trust	Added	59,612	+518	$38,768,068	−3.8%	63.55%