HANOVER ADVISORS INC

Portfolio Overview

HANOVER ADVISORS INC disclosed 118 positions worth $246.1M in its Form 13F-HR for Q1 2026, followed by $SPY. During the quarter the fund opened 12 new positions and exited 3 — including a new stake in $COST and a full exit from $DLR. The portfolio is most concentrated in Other (89.9% of disclosed assets). All figures are sourced directly from HANOVER ADVISORS INC’s Form 13F-HR filing with the SEC under CIK 914973.

• VANGUARD INDEX FDS

  —

  Quality

  $59.1M184,267 sh
• 

  SPDR S&P 500 ETF TRUST

  $SPY

  —

  Quality

  $38.8M59,612 sh

• VANGUARD SPECIALIZED FUNDS

  —

  Quality

  $17.8M82,606 sh

• ISHARES TR

  —

  Quality

  $14.2M38,175 sh

• VANGUARD BD INDEX FDS

  —

  Quality

  $8.1M105,039 sh

• SPDR SERIES TRUST

  —

  Quality

  $7.4M80,738 sh
• 

  SPDR S&P MIDCAP 400 ETF TRUST

  $MDY

  —

  Quality

  $6.9M11,128 sh

• VANGUARD INSTL INDEX FD

  —

  Quality

  $5.7M75,505 sh

• VANGUARD INDEX FDS

  —

  Quality

  $4.9M8,144 sh

• VANGUARD WHITEHALL FDS

  —

  Quality

  $4.6M30,927 sh

Company	Quality	Value	Shares
VANGUARD INDEX FDS	—	$59.1M	184,267
SPDR S&P 500 ETF TRUST$SPY	—	$38.8M	59,612
VANGUARD SPECIALIZED FUNDS	—	$17.8M	82,606
ISHARES TR	—	$14.2M	38,175
VANGUARD BD INDEX FDS	—	$8.1M	105,039
SPDR SERIES TRUST	—	$7.4M	80,738
SPDR S&P MIDCAP 400 ETF TRUST$MDY	—	$6.9M	11,128
VANGUARD INSTL INDEX FD	—	$5.7M	75,505
VANGUARD INDEX FDS	—	$4.9M	8,144
VANGUARD WHITEHALL FDS	—	$4.6M	30,927

Showing top 10 of 118 holdings.

Full Holdings — HANOVER ADVISORS INC (Q1 2026)

All 118 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	—	VANGUARD INDEX FDS	$59.1M	24.0%	-1%	—
2	$SPY	SPDR S&P 500 ETF TRUST	$38.8M	15.8%	+1%	—
3	—	VANGUARD SPECIALIZED FUNDS	$17.8M	7.2%	-0%	—
4	—	ISHARES TR	$14.2M	5.8%	-0%	—
5	—	VANGUARD BD INDEX FDS	$8.1M	3.3%	+1%	—
6	—	SPDR SERIES TRUST	$7.4M	3.0%	-26%	—
7	$MDY	SPDR S&P MIDCAP 400 ETF TRUST	$6.9M	2.8%	+0%	—
8	—	VANGUARD INSTL INDEX FD	$5.7M	2.3%	-5%	—
9	—	VANGUARD INDEX FDS	$4.9M	2.0%	-0%	—
10	—	VANGUARD WHITEHALL FDS	$4.6M	1.9%	+0%	—
11	—	ISHARES TR	$4.4M	1.8%	-33%	—
12	—	VANGUARD INDEX FDS	$3.3M	1.4%	+1%	—
13	—	ISHARES TR	$2.5M	1.0%	-21%	—
14	—	VANGUARD INDEX FDS	$2.2M	0.9%	+2%	—
15	—	VANGUARD WORLD FD	$2.1M	0.8%	+0%	—
16	$IVZ	Invesco Ltd.	$1.7M	0.7%	-1%	—
17	—	FIRST TR EXCHANGE TRADED FD	$1.6M	0.6%	+9%	—
18	—	ISHARES TR	$1.5M	0.6%	-58%	—
19	$KO	COCA COLA CO	$1.5M	0.6%	+0%	74
20	—	ISHARES TR	$1.5M	0.6%	+2%	—
21	—	VANGUARD MALVERN FDS	$1.5M	0.6%	+3%	—
22	$BRK.B	BERKSHIRE HATHAWAY INC	$1.5M	0.6%	+23%	64.5
23	$TSLA	Tesla, Inc.	$1.5M	0.6%	+9%	50.1
24	—	ISHARES TR	$1.4M	0.6%	+2%	—
25	—	VANGUARD MUN BD FDS	$1.4M	0.6%	-2%	—
26	—	VANGUARD TAX-MANAGED FDS	$1.4M	0.6%	-1%	—
27	$PKG	PACKAGING CORP OF AMERICA	$1.4M	0.6%	+0%	70
28	$MSFT	MICROSOFT CORP	$1.4M	0.6%	-18%	83.7
29	—	VANGUARD INDEX FDS	$1.3M	0.5%	-11%	—
30	$IVZ	Invesco Ltd.	$1.3M	0.5%	-2%	—
31	$IVZ	Invesco Ltd.	$1.2M	0.5%	-0%	—
32	—	ISHARES TR	$1.1M	0.5%	-3%	—
33	—	ARK ETF TR	$1.1M	0.5%	+21%	—
34	—	VANGUARD WORLD FD	$1.1M	0.5%	-4%	—
35	—	ISHARES INC	$1.1M	0.4%	+21%	—
36	$IVZ	Invesco Ltd.	$1.0M	0.4%	+8%	—
37	—	VANGUARD SCOTTSDALE FDS	$960,720	0.4%	+0%	—
38	$IVZ	Invesco Ltd.	$916,340	0.4%	+10%	—
39	—	VANGUARD WORLD FD	$885,532	0.4%	-1%	—
40	—	DIMENSIONAL ETF TRUST	$879,071	0.4%	+0%	—
41	$PLTR	Palantir Technologies Inc.	$870,220	0.3%	-5%	85.8
42	—	ISHARES TR	$810,440	0.3%	-0%	—
43	—	ISHARES TR	$796,942	0.3%	+0%	—
44	—	ISHARES TR	$770,067	0.3%	+0%	—
45	—	VANGUARD ADMIRAL FDS INC	$758,285	0.3%	+0%	—
46	$HD	HOME DEPOT, INC.	$757,434	0.3%	+143%	69.2
47	$BRK.A	BERKSHIRE HATHAWAY INC	$718,140	0.3%	+0%	64.5
48	—	SELECT SECTOR SPDR TR	$708,091	0.3%	-9%	—
49	—	DIMENSIONAL ETF TRUST	$688,886	0.3%	+5%	—
50	—	DIMENSIONAL ETF TRUST	$663,003	0.3%	+0%	—
51	—	DIMENSIONAL ETF TRUST	$642,702	0.3%	+2%	—
52	$BAC	BANK OF AMERICA CORP /DE/	$624,829	0.3%	-2%	68.4
53	$WT	WisdomTree, Inc.	$623,683	0.3%	+0%	62.9
54	—	ARK ETF TR	$618,449	0.3%	+0%	—
55	$IVZ	Invesco Ltd.	$617,690	0.3%	+9%	—
56	—	DIMENSIONAL ETF TRUST	$612,661	0.3%	-3%	—
57	—	SPDR INDEX SHS FDS	$610,950	0.3%	+39%	—
58	—	SPDR SERIES TRUST	$596,036	0.2%	+9%	—
59	—	SELECT SECTOR SPDR TR	$582,603	0.2%	-3%	—
60	$IVZ	Invesco Ltd.	$572,989	0.2%	+9%	—
61	$MPX	MARINE PRODUCTS GROUP, LLC	$568,041	0.2%	+0%	35.8
62	—	SSGA ACTIVE TR	$563,315	0.2%	-6%	—
63	—	ISHARES TR	$556,147	0.2%	+0%	—
64	—	VANGUARD WORLD FD	$553,431	0.2%	+0%	—
65	$COST	COSTCO WHOLESALE CORP /NEW	$553,020	0.2%	NEW	67
66	—	VANGUARD ADMIRAL FDS INC	$526,368	0.2%	-0%	—
67	$IVZ	Invesco Ltd.	$501,377	0.2%	+5%	—
68	$GMED	GLOBUS MEDICAL INC	$480,773	0.2%	+0%	77.6
69	—	VANGUARD INDEX FDS	$436,913	0.2%	+0%	—
70	—	ISHARES TR	$434,168	0.2%	+0%	—
71	—	DIMENSIONAL ETF TRUST	$413,052	0.2%	+4%	—
72	—	VANGUARD INTL EQUITY INDEX F	$404,714	0.2%	+9%	—
73	$V	VISA INC.	$399,864	0.2%	NEW	83.5
74	—	DIMENSIONAL ETF TRUST	$395,093	0.2%	+14%	—
75	—	DIMENSIONAL ETF TRUST	$393,030	0.2%	+2%	—
76	—	DIMENSIONAL ETF TRUST	$383,480	0.2%	+0%	—
77	—	SELECT SECTOR SPDR TR	$379,742	0.1%	+18%	—
78	$GLD	SPDR GOLD TRUST	$362,734	0.1%	-1%	—
79	$GOOGL	Alphabet Inc.	$357,428	0.1%	NEW	80.2
80	—	VANGUARD WORLD FD	$355,597	0.1%	-20%	—
81	$JPM	JPMORGAN CHASE & CO	$351,521	0.1%	+3%	35.6
82	—	DIMENSIONAL ETF TRUST	$349,408	0.1%	+0%	—
83	—	VANGUARD ADMIRAL FDS INC	$342,367	0.1%	+0%	—
84	—	SPDR SERIES TRUST	$321,228	0.1%	NEW	—
85	$WMT	Walmart Inc.	$316,914	0.1%	+0%	63.2
86	$META	Meta Platforms, Inc.	$314,628	0.1%	+0%	80.9
87	—	VANGUARD SCOTTSDALE FDS	$310,395	0.1%	+0%	—
88	$AAPL	Apple Inc.	$303,279	0.1%	+0%	76.1
89	—	ISHARES TR	$302,167	0.1%	+0%	—
90	$GLPI	Gaming & Leisure Properties, Inc.	$300,163	0.1%	-2%	72.4
91	—	VANGUARD SCOTTSDALE FDS	$287,909	0.1%	+0%	—
92	—	ISHARES TR	$282,224	0.1%	+0%	—
93	$MAC	MACERICH CO	$278,113	0.1%	+5%	44.6
94	—	DIMENSIONAL ETF TRUST	$268,281	0.1%	NEW	—
95	—	DIMENSIONAL ETF TRUST	$267,845	0.1%	+7%	—
96	—	ISHARES TR	$266,443	0.1%	+0%	—
97	$PEP	PEPSICO INC	$260,577	0.1%	+0%	62.7
98	$SSB	SouthState Bank Corp	$257,206	0.1%	+0%	—
99	—	ISHARES TR	$254,472	0.1%	-5%	—
100	—	DIMENSIONAL ETF TRUST	$252,447	0.1%	+0%	—
101	—	VANGUARD BD INDEX FDS	$248,801	0.1%	+0%	—
102	—	VANGUARD CHARLOTTE FDS	$243,662	0.1%	-4%	—
103	$STEW	SRH Total Return Fund, Inc.	$238,990	0.1%	+0%	—
104	—	ISHARES TR	$233,325	0.1%	-1%	—
105	—	ISHARES TR	$230,365	0.1%	-2%	—
106	$NTRS	NORTHERN TRUST CORP	$229,593	0.1%	NEW	71.8
107	$FR	FIRST INDUSTRIAL REALTY TRUST INC	$228,045	0.1%	-4%	67.5
108	—	VANGUARD WORLD FD	$225,791	0.1%	NEW	—
109	—	DIMENSIONAL ETF TRUST	$224,052	0.1%	NEW	—
110	—	ISHARES TR	$222,842	0.1%	-2%	—
111	$UCB	UNITED COMMUNITY BANKS INC	$222,288	0.1%	+0%	64.8
112	—	ISHARES TR	$219,779	0.1%	-2%	—
113	$MPLX	MPLX LP	$218,692	0.1%	NEW	76.5
114	—	SPDR SERIES TRUST	$207,055	0.1%	NEW	—
115	$HST	HOST HOTELS & RESORTS, INC.	$191,753	0.1%	NEW	72.6
116	$ESRT	Empire State Realty Trust, Inc.	$84,318	0.0%	NEW	37.2
117	$PDM	Piedmont Realty Trust, Inc.	$81,245	0.0%	-4%	—
118	—	ADVISORSHARES TR	$79,964	0.0%	-16%	—