Data as of Q4 2025 (Dec 31, 2025)

HANOVER ADVISORS INC

•CIK: 914973•Filing: Q4 2025

HANOVER ADVISORS INC manages $258M across a portfolio of 109 positions, exhibiting a clear tilt toward broad market exposure. The fund's top holdings are anchored by VTI at $62.5M and SPY at $40.3M, suggesting a core commitment to major U.S. equity indices. Further diversification is evident with significant allocations to VIG ($18.2M) and IWV ($14.8M). This structure indicates a systematic approach prioritizing established, liquid market benchmarks.

Total AUM
$257.6M
QoQ Performance
-0.1%
Positions
53
Top 10 Concentration
69.2%
Latest Filing
Q4 2025

Top Holdings Allocation

VTI
SPY
VIG
IWV
VTI24.3%
SPY15.6%
VIG7.1%
IWV5.8%
BIL3.9%
BIV3.1%
MDY2.6%
AOR2.5%

📈 Biggest Buys

AOA
ISHARES TR
+1046.4%
1.3% of portfolio
KBWB
INVESCO EXCH TRADED FD TR II
NEW
0.2% of portfolio
KBE
SPDR SERIES TRUST
NEW
0.2% of portfolio
BRK/B
BERKSHIRE HATHAWAY INC DEL
+52.9%
0.5% of portfolio
XLK
SELECT SECTOR SPDR TR
+99.7%
0.3% of portfolio

📉 Biggest Sells

BIL
SPDR SERIES TRUST
-24.8%
3.9% of portfolio
AOM
ISHARES TR
-37.4%
1.5% of portfolio
HYBL
SSGA ACTIVE TR
-51.8%
0.2% of portfolio
VBIL
VANGUARD INSTL INDEX FD
-9.5%
2.3% of portfolio
IWV
ISHARES TR
-1.8%
5.8% of portfolio

Sector Breakdown

Other78.7%
ETF17.6%
Financial1.2%
Technology1.0%
Consumer0.9%
Consumer Staples0.6%

🚪 Exited Positionssold since Q3 2025

BSCP
INVESCO EXCH TRD SLF IDX FD
SOLD
$2.0M
BLV
VANGUARD BD INDEX FDS
SOLD
$527.5K
SHV
ISHARES TR
SOLD
$330.7K
BND
VANGUARD BD INDEX FDS
SOLD
$240.2K
VNO
VORNADO RLTY TR
SOLD
$236.9K

Changes from Q3 2025

NEW11 new positions
↑30 increased
↓36 decreased

Historical Filings

Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

📌 Top Holdings

VTI24.3%
VANGUARD INDEX FDS
$62.5M
SPY15.6%
SPDR S&P 500 ETF TR
$40.3M
VIG7.1%
VANGUARD SPECIALIZED FUNDS
$18.2M
IWV5.8%
ISHARES TR
$14.8M
BIL3.9%
SPDR SERIES TRUST
$10.0M

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