# HANOVER ADVISORS INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 914973. Source: https://holderbook.com/funds/914973-hanover-advisors-inc/

- Reported value: $277.6M
- Positions: 122
- Weight of the ten largest: 67.8%
- Filed: 2026-08-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $67.6M | 182,764 | 24.4% | 11 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $44.5M | 59,647 | 16.0% | 11 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $19.2M | 81,004 | 6.9% | 11 |
| ISHARES TR | [IWV](https://holderbook.com/stocks/IWV/) | $16.1M | 37,867 | 5.8% | 11 |
| ISHARES TR | [AOR](https://holderbook.com/stocks/AOR/) | $8.4M | 121,374 | 3.0% | 5 |
| STATE STR SPDR S&P MIDCAP 40 | [MDY](https://holderbook.com/stocks/MDY/) | $7.8M | 11,128 | 2.8% | 11 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $7.7M | 100,393 | 2.8% | 11 |
| SPDR SERIES TRUST | [BIL](https://holderbook.com/stocks/BIL/) | $5.6M | 61,447 | 2.0% | 11 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $5.6M | 8,114 | 2.0% | 11 |
| VANGUARD INSTL INDEX FD | [VBIL](https://holderbook.com/stocks/VBIL/) | $5.5M | 72,296 | 2.0% | 6 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $4.9M | 30,821 | 1.8% | 11 |
| ISHARES TR | [AOA](https://holderbook.com/stocks/AOA/) | $4.9M | 49,732 | 1.7% | 4 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $3.9M | 44,895 | 1.4% | 11 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $2.9M | 23,883 | 1.0% | 11 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $2.5M | 11,353 | 0.9% | 11 |
| ISHARES TR | [IXN](https://holderbook.com/stocks/IXN/) | $2.1M | 14,314 | 0.7% | 11 |
| FIRST TR EXCHANGE TRADED FD | [AIRR](https://holderbook.com/stocks/AIRR/) | $1.9M | 14,396 | 0.7% | 11 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.7M | 4,128 | 0.6% | 4 |
| ARK ETF TR | [ARKG](https://holderbook.com/stocks/ARKG/) | $1.7M | 39,821 | 0.6% | 4 |
| INVESCO EXCH TRD SLF IDX FD | [BSCR](https://holderbook.com/stocks/BSCR/) | $1.7M | 84,509 | 0.6% | 11 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $1.6M | 20,298 | 0.6% | 11 |
| PACKAGING CORP AMER | [PKG](https://holderbook.com/stocks/PKG/) | $1.5M | 6,423 | 0.6% | 11 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $1.5M | 30,016 | 0.5% | 11 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $1.4M | 14,861 | 0.5% | 11 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $1.4M | 28,186 | 0.5% | 11 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.4M | 19,844 | 0.5% | 11 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.4M | 2,778 | 0.5% | 4 |
| ISHARES INC | [EMXC](https://holderbook.com/stocks/EMXC/) | $1.4M | 13,429 | 0.5% | 11 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $1.4M | 3,662 | 0.5% | 11 |
| INVESCO EXCH TRD SLF IDX FD | [BSCS](https://holderbook.com/stocks/BSCS/) | $1.3M | 62,426 | 0.5% | 11 |
| VANGUARD WORLD FD | [VIS](https://holderbook.com/stocks/VIS/) | $1.2M | 3,458 | 0.4% | 11 |
| ISHARES TR | [QLTA](https://holderbook.com/stocks/QLTA/) | $1.2M | 25,957 | 0.4% | 11 |
| ISHARES TR | [AOM](https://holderbook.com/stocks/AOM/) | $1.2M | 23,569 | 0.4% | 5 |
| INVESCO EXCH TRD SLF IDX FD | [BSCQ](https://holderbook.com/stocks/BSCQ/) | $1.1M | 58,886 | 0.4% | 11 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.0M | 10,471 | 0.4% | 9 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $1.0M | 10,942 | 0.4% | 11 |
| DIMENSIONAL ETF TRUST | [DFUS](https://holderbook.com/stocks/DFUS/) | $1.0M | 12,423 | 0.4% | 11 |
| SELECT SECTOR SPDR TR | [XLK](https://holderbook.com/stocks/XLK/) | $1.0M | 5,328 | 0.4% | 11 |
| INVESCO EXCH TRD SLF IDX FD | [BSCT](https://holderbook.com/stocks/BSCT/) | $999.8K | 53,824 | 0.4% | 11 |
| VANGUARD SCOTTSDALE FDS | [VGIT](https://holderbook.com/stocks/VGIT/) | $951.5K | 16,133 | 0.3% | 6 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $928.3K | 7,476 | 0.3% | 11 |
| VANGUARD WORLD FD | [VOX](https://holderbook.com/stocks/VOX/) | $892.0K | 4,849 | 0.3% | 10 |
| INVESCO EXCH TRD SLF IDX FD | [BSCU](https://holderbook.com/stocks/BSCU/) | $890.7K | 53,509 | 0.3% | 11 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $807.7K | 2,290 | 0.3% | 11 |
| VANGUARD ADMIRAL FDS INC | [IVOO](https://holderbook.com/stocks/IVOO/) | $791.9K | 6,073 | 0.3% | 11 |
| DIMENSIONAL ETF TRUST | [DFSV](https://holderbook.com/stocks/DFSV/) | $770.3K | 19,858 | 0.3% | 11 |
| DIMENSIONAL ETF TRUST | [DFEV](https://holderbook.com/stocks/DFEV/) | $761.6K | 17,850 | 0.3% | 11 |
| TEXAS PACIFIC LAND CORPORATI | [TPL](https://holderbook.com/stocks/TPL/) | $749.3K | 1,712 | 0.3% | 1 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $748.9K | 1 | 0.3% | 11 |
| ARK ETF TR | [ARKK](https://holderbook.com/stocks/ARKK/) | $739.5K | 9,150 | 0.3% | 11 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $730.3K | 12,817 | 0.3% | 11 |
| INVESCO EXCH TRADED FD TR II | [KBWB](https://holderbook.com/stocks/KBWB/) | $723.6K | 7,782 | 0.3% | 3 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $695.4K | 5,960 | 0.3% | 4 |
| INVESCO EXCH TRD SLF IDX FD | [BSCV](https://holderbook.com/stocks/BSCV/) | $674.8K | 41,184 | 0.2% | 7 |
| WISDOMTREE TR | [DON](https://holderbook.com/stocks/DON/) | $670.9K | 11,871 | 0.2% | 11 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $660.4K | 2,724 | 0.2% | 11 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $657.8K | 12,177 | 0.2% | 11 |
| SPDR SERIES TRUST | [KBE](https://holderbook.com/stocks/KBE/) | $636.8K | 9,335 | 0.2% | 3 |
| SPDR SERIES TRUST | [XSD](https://holderbook.com/stocks/XSD/) | $635.6K | 1,019 | 0.2% | 2 |
| DIMENSIONAL ETF TRUST | [DISV](https://holderbook.com/stocks/DISV/) | $623.4K | 15,534 | 0.2% | 11 |
| HUDSON PACIFIC PROPERTIES IN | [HPP](https://holderbook.com/stocks/HPP/) | $592.9K | 39,035 | 0.2% | 1 |
| VANGUARD WORLD FD | [VFH](https://holderbook.com/stocks/VFH/) | $584.0K | 4,438 | 0.2% | 11 |
| SSGA ACTIVE TR | [HYBL](https://holderbook.com/stocks/HYBL/) | $572.4K | 20,481 | 0.2% | 11 |
| VANGUARD ADMIRAL FDS INC | [IVOV](https://holderbook.com/stocks/IVOV/) | $568.6K | 4,985 | 0.2% | 11 |
| SPDR INDEX SHS FDS | [GNR](https://holderbook.com/stocks/GNR/) | $550.7K | 8,182 | 0.2% | 11 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $522.7K | 2,123 | 0.2% | 11 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $522.0K | 558 | 0.2% | 2 |
| INVESCO EXCH TRD SLF IDX FD | [BSCW](https://holderbook.com/stocks/BSCW/) | $499.5K | 24,353 | 0.2% | 6 |
| SELECT SECTOR SPDR TR | [XLE](https://holderbook.com/stocks/XLE/) | $498.0K | 9,377 | 0.2% | 11 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $486.0K | 5,902 | 0.2% | 11 |
| MASTERCRAFT BOAT HLDGS INC | [MCFT](https://holderbook.com/stocks/MCFT/) | $468.0K | 18,127 | 0.2% | 1 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $466.4K | 1,320 | 0.2% | 2 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $456.5K | 5,451 | 0.2% | 11 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $448.7K | 10,114 | 0.2% | 11 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $447.6K | 4,447 | 0.2% | 11 |
| DIMENSIONAL ETF TRUST | [DUHP](https://holderbook.com/stocks/DUHP/) | $443.7K | 10,632 | 0.2% | 11 |
| GLOBUS MED INC | [GMED](https://holderbook.com/stocks/GMED/) | $440.9K | 5,580 | 0.2% | 11 |
| ISHARES TR | [HDV](https://holderbook.com/stocks/HDV/) | $438.4K | 15,995 | 0.2% | 11 |
| ANNALY CAPITAL MANAGEMENT IN | [NLY](https://holderbook.com/stocks/NLY/) | $434.4K | 19,428 | 0.2% | 1 |
| SELECT SECTOR SPDR TR | [XLI](https://holderbook.com/stocks/XLI/) | $432.7K | 2,336 | 0.2% | 4 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $398.2K | 9,654 | 0.1% | 6 |
| WP CAREY INC | [WPC](https://holderbook.com/stocks/WPC/) | $395.3K | 5,528 | 0.1% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $392.1K | 1,355 | 0.1% | 9 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $391.2K | 1,195 | 0.1% | 11 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $391.1K | 5,595 | 0.1% | 11 |
| MACERICH CO | [MAC](https://holderbook.com/stocks/MAC/) | $386.3K | 15,334 | 0.1% | 7 |
| VANGUARD ADMIRAL FDS INC | [VOOV](https://holderbook.com/stocks/VOOV/) | $368.3K | 1,680 | 0.1% | 10 |
| ISHARES TR | [OEF](https://holderbook.com/stocks/OEF/) | $347.6K | 950 | 0.1% | 11 |
| NORTHERN TR CORP | [NTRS](https://holderbook.com/stocks/NTRS/) | $335.2K | 1,928 | 0.1% | 2 |
| ISHARES TR | [IBDU](https://holderbook.com/stocks/IBDU/) | $326.2K | 14,085 | 0.1% | 3 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $312.6K | 4,013 | 0.1% | 11 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $310.5K | 843 | 0.1% | 8 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $309.1K | 3,740 | 0.1% | 11 |
| VANGUARD WORLD FD | [VDE](https://holderbook.com/stocks/VDE/) | $308.1K | 2,052 | 0.1% | 10 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $306.9K | 2,710 | 0.1% | 8 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $287.0K | 3,632 | 0.1% | 11 |
| ISHARES TR | [SHY](https://holderbook.com/stocks/SHY/) | $280.7K | 3,418 | 0.1% | 6 |
| DIMENSIONAL ETF TRUST | [DFIS](https://holderbook.com/stocks/DFIS/) | $278.7K | 7,955 | 0.1% | 5 |
| SOUTHSTATE BK CORP | [SSB](https://holderbook.com/stocks/SSB/) | $277.7K | 2,780 | 0.1% | 4 |
| DIMENSIONAL ETF TRUST | [DFEM](https://holderbook.com/stocks/DFEM/) | $267.8K | 6,590 | 0.1% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +11.6% | +14.8% | -3.2% | 100% |
| Q1 2026 | -2.8% | -4.6% | +1.8% | 100% |
| Q4 2025 | +1.4% | +2.4% | -1.0% | 99% |
| Q3 2025 | +5.5% | +7.8% | -2.3% | 100% |
| Q2 2025 | +7.1% | +10.5% | -3.4% | 100% |
| Q1 2025 | -3.1% | -4.6% | +1.5% | 100% |
| Q4 2024 | +0.5% | +2.1% | -1.6% | 100% |
| Q3 2024 | +4.9% | +5.4% | -0.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $277.6M | 122 |
| Q1 2026 | $246.1M | 118 |
| Q4 2025 | $257.6M | 109 |
| Q3 2025 | $257.7M | 103 |
| Q2 2025 | $245.2M | 97 |
| Q1 2025 | $230.6M | 94 |
| Q4 2024 | $238.3M | 91 |
| Q3 2024 | $238.1M | 93 |
| Q2 2024 | $225.1M | 91 |
| Q1 2024 | $238.3M | 92 |
| Q4 2023 | $204.8M | 87 |