HANOVER ADVISORS INC

Filed: 5/14/2025ACC: 0000914973-25-000003

📋 What this filing means

HANOVER ADVISORS INC filed this quarterly 13F‑HR report disclosing 94 equity positions with a total reported market value of $230.57M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$230.57M

Total AUM (reported)

2.08M

Total Shares

Allocation by class

TOTAL STK MKT$56.68M24.6%

TR UNIT$34.00M14.7%

BLOOMBERG 1-3 MO$29.58M12.8%

DIV APP ETF$17.00M7.4%

RUSSELL 3000 ETF$13.33M5.8%

COM$9.25M4.0%

INTERMED TERM$8.77M3.8%

Portfolio Concentration

Top 3$120.26M52.2%

4–10$57.27M24.8%

11–25$22.41M9.7%

Rest$30.63M13.3%

Top 3 weight

52.2%

Top 10 weight

77.0%

Voting Authority Distribution

Total shares with voting rights: 2.08M

Sole

Full voting authority

2.08M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole94

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings94

Rows:

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares206.24K

TypeSH

Market value$56.68M

24.58%

Sole

206.24K

Shared

0.00

None

0.00

SPDR S&P 500 ETF TR

SOLE

TR UNIT

Shares60.79K

TypeSH

Market value$34.00M

14.75%

Sole

60.79K

Shared

0.00

None

0.00

SPDR SER TR

SOLE

BLOOMBERG 1-3 MO

Shares322.42K

TypeSH

Market value$29.58M

12.83%

Sole

322.42K

Shared

0.00

None

0.00

VANGUARD SPECIALIZED FUNDS

SOLE

DIV APP ETF

Shares87.61K

TypeSH

Market value$17.00M

7.37%

Sole

87.61K

Shared

0.00

None

0.00

ISHARES TR

SOLE

RUSSELL 3000 ETF

Shares41.98K

TypeSH

Market value$13.33M

5.78%

Sole

41.98K

Shared

0.00

None

0.00

VANGUARD BD INDEX FDS

SOLE

INTERMED TERM

Shares114.53K

TypeSH

Market value$8.77M

3.80%

Sole

114.53K

Shared

0.00

None

0.00

SPDR S&P MIDCAP 400 ETF TR

SOLE

UTSER1 S&PDCRP

Shares11.76K

TypeSH

Market value$6.27M

2.72%

Sole

11.76K

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

S&P 500 ETF SHS

Shares9.08K

TypeSH

Market value$4.67M

2.02%

Sole

9.08K

Shared

0.00

None

0.00

VANGUARD WHITEHALL FDS

SOLE

HIGH DIV YLD

Shares33.33K

TypeSH

Market value$4.30M

1.86%

Sole

33.33K

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

GROWTH ETF

Shares7.91K

TypeSH

Market value$2.93M

1.27%

Sole

7.91K

Shared

0.00

None

0.00

INVESCO EXCH TRD SLF IDX FD

SOLE

BULSHS 2025 CB

Shares98.59K

TypeSH

Market value$2.04M

0.88%

Sole

98.59K

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

VALUE ETF

Shares11.79K

TypeSH

Market value$2.04M

0.88%

Sole

11.79K

Shared

0.00

None

0.00

MICROSOFT CORP

SOLE

COM

Shares4.57K

TypeSH

Market value$1.71M

0.74%

Sole

4.57K

Shared

0.00

None

0.00

ISHARES TR

SOLE

A RATE CP BD ETF

Shares35.28K

TypeSH

Market value$1.68M

0.73%

Sole

35.28K

Shared

0.00

None

0.00

INVESCO EXCH TRD SLF IDX FD

SOLE

BULSHS 2027 CB

Shares83.30K

TypeSH

Market value$1.63M

0.71%

Sole

83.30K

Shared

0.00

None

0.00

SSGA ACTIVE TR

SOLE

SPDR BLACKSTONE

Shares56.21K

TypeSH

Market value$1.58M

0.69%

Sole

56.21K

Shared

0.00

None

0.00

VANGUARD WORLD FD

SOLE

INF TECH ETF

Shares2.87K

TypeSH

Market value$1.56M

0.68%

Sole

2.87K

Shared

0.00

None

0.00

VANGUARD MALVERN FDS

SOLE

STRM INFPROIDX

Shares30.26K

TypeSH

Market value$1.51M

0.65%

Sole

30.26K

Shared

0.00

None

0.00

COCA COLA CO

SOLE

COM

Shares20.30K

TypeSH

Market value$1.45M

0.63%

Sole

20.30K

Shared

0.00

None

0.00

PACKAGING CORP AMER

SOLE

COM

Shares6.52K

TypeSH

Market value$1.29M

0.56%

Sole

6.52K

Shared

0.00

None

0.00

INVESCO EXCH TRD SLF IDX FD

SOLE

BULSHS 2026 CB

Shares63.94K

TypeSH

Market value$1.25M

0.54%

Sole

63.94K

Shared

0.00

None

0.00

ISHARES TR

SOLE

7-10 YR TRSY BD

Shares13K

TypeSH

Market value$1.24M

0.54%

Sole

13K

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

REAL ESTATE ETF

Shares13.28K

TypeSH

Market value$1.20M

0.52%

Sole

13.28K

Shared

0.00

None

0.00

INVESCO EXCH TRD SLF IDX FD

SOLE

INVSCO BLSH 28

Shares56.49K

TypeSH

Market value$1.15M

0.50%

Sole

56.49K

Shared

0.00

None

0.00

VANGUARD MUN BD FDS

SOLE

TAX EXEMPT BD

Shares21.79K

TypeSH

Market value$1.08M

0.47%

Sole

21.79K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	206.24K	SH	$56.68M 24.58%	206.24K
SPDR S&P 500 ETF TRSOLE	TR UNIT	60.79K	SH	$34.00M 14.75%	60.79K
SPDR SER TRSOLE	BLOOMBERG 1-3 MO	322.42K	SH	$29.58M 12.83%	322.42K
VANGUARD SPECIALIZED FUNDSSOLE	DIV APP ETF	87.61K	SH	$17.00M 7.37%	87.61K
ISHARES TRSOLE	RUSSELL 3000 ETF	41.98K	SH	$13.33M 5.78%	41.98K
VANGUARD BD INDEX FDSSOLE	INTERMED TERM	114.53K	SH	$8.77M 3.80%	114.53K
SPDR S&P MIDCAP 400 ETF TRSOLE	UTSER1 S&PDCRP	11.76K	SH	$6.27M 2.72%	11.76K
VANGUARD INDEX FDSSOLE	S&P 500 ETF SHS	9.08K	SH	$4.67M 2.02%	9.08K
VANGUARD WHITEHALL FDSSOLE	HIGH DIV YLD	33.33K	SH	$4.30M 1.86%	33.33K
VANGUARD INDEX FDSSOLE	GROWTH ETF	7.91K	SH	$2.93M 1.27%	7.91K
INVESCO EXCH TRD SLF IDX FDSOLE	BULSHS 2025 CB	98.59K	SH	$2.04M 0.88%	98.59K
VANGUARD INDEX FDSSOLE	VALUE ETF	11.79K	SH	$2.04M 0.88%	11.79K
MICROSOFT CORPSOLE	COM	4.57K	SH	$1.71M 0.74%	4.57K
ISHARES TRSOLE	A RATE CP BD ETF	35.28K	SH	$1.68M 0.73%	35.28K
INVESCO EXCH TRD SLF IDX FDSOLE	BULSHS 2027 CB	83.30K	SH	$1.63M 0.71%	83.30K
SSGA ACTIVE TRSOLE	SPDR BLACKSTONE	56.21K	SH	$1.58M 0.69%	56.21K
VANGUARD WORLD FDSOLE	INF TECH ETF	2.87K	SH	$1.56M 0.68%	2.87K
VANGUARD MALVERN FDSSOLE	STRM INFPROIDX	30.26K	SH	$1.51M 0.65%	30.26K
COCA COLA COSOLE	COM	20.30K	SH	$1.45M 0.63%	20.30K
PACKAGING CORP AMERSOLE	COM	6.52K	SH	$1.29M 0.56%	6.52K
INVESCO EXCH TRD SLF IDX FDSOLE	BULSHS 2026 CB	63.94K	SH	$1.25M 0.54%	63.94K
ISHARES TRSOLE	7-10 YR TRSY BD	13K	SH	$1.24M 0.54%	13K
VANGUARD INDEX FDSSOLE	REAL ESTATE ETF	13.28K	SH	$1.20M 0.52%	13.28K
INVESCO EXCH TRD SLF IDX FDSOLE	INVSCO BLSH 28	56.49K	SH	$1.15M 0.50%	56.49K
VANGUARD MUN BD FDSSOLE	TAX EXEMPT BD	21.79K	SH	$1.08M 0.47%	21.79K

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