HANOVER ADVISORS INC Q4 2025 Filing

Filed February 17, 2026

Portfolio Value

$257.6M

Holdings

109

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (109 positions)

#StockSharesValue% PortfolioType
1
VTIVANGUARD INDEX FDS
186,480$62.5M24.27%
2
SPYSPDR S&P 500 ETF TR
59,094$40.3M15.65%
3
VIGVANGUARD SPECIALIZED FUNDS
82,731$18.2M7.06%
4
IWVISHARES TR
38,315$14.8M5.75%
5
BILSPDR SERIES TRUST
109,520$10.0M3.89%
6
BIVVANGUARD BD INDEX FDS
104,013$8.1M3.14%
7
MDYSPDR S&P MIDCAP 400 ETF TR
11,127$6.7M2.61%
8
AORISHARES TR
100,435$6.5M2.53%
9
VBILVANGUARD INSTL INDEX FD
79,600$6.0M2.33%
10
VOOVANGUARD INDEX FDS
8,146$5.1M1.98%
11
VYMVANGUARD WHITEHALL FDS
30,870$4.4M1.72%
12
AOMISHARES TR
78,751$3.8M1.46%
13
VUGVANGUARD INDEX FDS
7,549$3.7M1.43%
14
AOAISHARES TR
36,181$3.2M1.26%
15
VGTVANGUARD WORLD FD
3,014$2.3M0.88%
16
MSFTMICROSOFT CORP
4,466$2.2M0.84%
17
VTVVANGUARD INDEX FDS
11,142$2.1M0.83%
18
BSCRINVESCO EXCH TRD SLF IDX FD
85,684$1.7M0.66%
19
TSLATESLA INC
3,617$1.6M0.63%
20
QLTAISHARES TR
30,837$1.5M0.58%
21
IXNISHARES TR
13,867$1.5M0.57%
22
VNQVANGUARD INDEX FDS
16,445$1.5M0.56%
23
VTEBVANGUARD MUN BD FDS
28,686$1.4M0.56%
24
VTIPVANGUARD MALVERN FDS
28,793$1.4M0.55%
25
KOCOCA COLA CO
20,298$1.4M0.55%
26
VEAVANGUARD TAX-MANAGED FDS
21,597$1.3M0.52%
27
PKGPACKAGING CORP AMER
6,423$1.3M0.51%
28
BSCSINVESCO EXCH TRD SLF IDX FD
63,713$1.3M0.51%
29
AIRRFIRST TR EXCHANGE TRADED FD
13,083$1.3M0.50%
30
BRK/BBERKSHIRE HATHAWAY INC DEL
2,487$1.3M0.49%
31
BSCQINVESCO EXCH TRD SLF IDX FD
61,301$1.2M0.47%
32
IEFISHARES TR
12,256$1.2M0.46%
33
PLTRPALANTIR TECHNOLOGIES INC
6,273$1.1M0.43%
34
VISVANGUARD WORLD FD
3,643$1.1M0.42%
35
ARKGARK ETF TR
35,589$1.0M0.40%
36
VGITVANGUARD SCOTTSDALE FDS
16,133$966K0.38%
37
BSCTINVESCO EXCH TRD SLF IDX FD
50,882$958K0.37%
38
VOXVANGUARD WORLD FD
4,950$958K0.37%
39
DFUSDIMENSIONAL ETF TRUST
12,397$919K0.36%
40
IWFISHARES TR
1,869$884K0.34%
41
XLKSELECT SECTOR SPDR TR
5,883$846K0.33%
42
BSCUINVESCO EXCH TRD SLF IDX FD
49,852$843K0.33%
43
AGGISHARES TR
8,176$816K0.32%
44
EMXCISHARES INC
11,165$811K0.31%
45
IWDISHARES TR
3,604$758K0.29%
46
BRK-BBERKSHIRE HATHAWAY INC DEL
1$754K0.29%
47
IVOOVANGUARD ADMIRAL FDS INC
6,633$741K0.29%
48
BACBANK AMERICA CORP
13,088$719K0.28%
49
ARKKARK ETF TR
9,150$703K0.27%
50
MPXMARINE PRODS CORP
78,135$684K0.27%
51
DFEVDIMENSIONAL ETF TRUST
18,470$623K0.24%
52
DFSVDIMENSIONAL ETF TRUST
18,759$616K0.24%
53
DONWISDOMTREE TR
11,871$612K0.24%
54
HYBLSSGA ACTIVE TR
21,522$612K0.24%
55
DISVDIMENSIONAL ETF TRUST
16,040$609K0.24%
56
VFHVANGUARD WORLD FD
4,561$608K0.24%
57
KBWBINVESCO EXCH TRADED FD TR II
7,155$603K0.23%
58
DFIVDIMENSIONAL ETF TRUST
11,887$593K0.23%
59
KBESPDR SERIES TRUST
9,191$557K0.22%
60
SGOVISHARES TR
5,525$554K0.22%
61
BSCVINVESCO EXCH TRD SLF IDX FD
32,038$534K0.21%
62
IVOVVANGUARD ADMIRAL FDS INC
5,186$523K0.20%
63
GMEDGLOBUS MED INC
5,580$487K0.19%
64
BSCWINVESCO EXCH TRD SLF IDX FD
23,121$482K0.19%
65
VXFVANGUARD INDEX FDS
2,123$443K0.17%
66
XLESELECT SECTOR SPDR TR
9,827$439K0.17%
67
DUHPDIMENSIONAL ETF TRUST
10,432$396K0.15%
68
DFACDIMENSIONAL ETF TRUST
9,890$391K0.15%
69
DFASDIMENSIONAL ETF TRUST
5,587$389K0.15%
70
HDVISHARES TR
3,199$389K0.15%
71
JPMJPMORGAN CHASE & CO.
1,164$375K0.15%
72
GNRSPDR INDEX SHS FDS
5,889$365K0.14%
73
VEUVANGUARD INTL EQUITY INDEX F
4,929$362K0.14%
74
VOOVVANGUARD ADMIRAL FDS INC
1,680$344K0.13%
75
DFAIDIMENSIONAL ETF TRUST
8,892$338K0.13%
76
GQ9SPDR GOLD TR
849$336K0.13%
77
DFATDIMENSIONAL ETF TRUST
5,595$333K0.13%
78
HDHOME DEPOT INC
949$326K0.13%
79
OEFISHARES TR
950$325K0.13%
80
AAPLAPPLE INC
1,195$324K0.13%
81
VDEVANGUARD WORLD FD
2,561$322K0.13%
82
BSVVANGUARD BD INDEX FDS
4,013$316K0.12%
83
VCITVANGUARD SCOTTSDALE FDS
3,751$314K0.12%
84
GLPIGAMING & LEISURE PPTYS INC
6,929$309K0.12%
85
XLISELECT SECTOR SPDR TR
1,983$307K0.12%
86
VCSHVANGUARD SCOTTSDALE FDS
3,632$289K0.11%
87
WMTWALMART INC
2,550$284K0.11%
88
SHYISHARES TR
3,418$283K0.11%
89
IBDSISHARES TR
11,069$268K0.10%
90
FQIDIGITAL RLTY TR INC
1,727$267K0.10%
91
IBDUISHARES TR
11,406$266K0.10%
92
SSBSOUTHSTATE BK CORP
2,780$261K0.10%
93
STEWSRH TOTAL RETURN FUND INC
13,976$259K0.10%
94
MACMACERICH CO
14,021$258K0.10%
95
BNDXVANGUARD CHARLOTTE FDS
5,263$254K0.10%
96
DFNMDIMENSIONAL ETF TRUST
5,267$253K0.10%
97
VUSBVANGUARD BD INDEX FDS
4,998$249K0.10%
98
DFISDIMENSIONAL ETF TRUST
7,425$244K0.09%
99
PEPPEPSICO INC
1,678$240K0.09%
100
IBTIISHARES TR
10,569$236K0.09%
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