Hanson & Doremus Investment Management Q1 2025 Filing

Filed April 17, 2025

Portfolio Value

$684.6M

Holdings

467

Report Date

Q1 2025

Filing Type

13F-HR

All Holdings (467 positions)

#	Stock	Shares	Value	% Portfolio
1	SCHBSchwab U.S. Broad Market ETF	6,283,643	$135.3M	19.76%
2	VGITVanguard Intermediate Treasury ETF	907,329	$53.9M	7.87%
3	VCITVanguard Intermediate Corporate ETF	496,383	$40.6M	5.93%
4	VEAVanguard Developed Market ETF	767,714	$39.0M	5.70%
5	ESGVVanguard ESG US Stock ETF	218,610	$21.4M	3.13%
6	VWOVanguard Emerging Market ETF	450,714	$20.4M	2.98%
7	MSFTMicrosoft	48,781	$18.3M	2.67%
8	TSMTaiwan Semiconductor ADR	94,924	$15.8M	2.30%
9	VSGXVanguard ESG International Stock ETF	231,082	$13.6M	1.99%
10	SCHFSchwab Int'l Equity ETF	656,165	$13.0M	1.90%
11	AAPLApple Inc.	50,952	$11.3M	1.65%
12	COSTCostco	11,394	$10.8M	1.57%
13	SCHWThe Charles Schwab Corp.	135,963	$10.6M	1.55%
14	VCEBVanguard ESG US Corporate Bond ETF	157,799	$9.9M	1.45%
15	VVisa Inc	22,329	$7.8M	1.14%
16	GLWCorning	155,747	$7.1M	1.04%
17	IBMIBM Corp.	27,466	$6.8M	1.00%
18	AMZNAmazon.Com	31,319	$6.0M	0.87%
19	GOOGLAlphabet, Inc. Cl A	36,408	$5.6M	0.82%
20	MRKMerck	61,511	$5.5M	0.81%
21	JPMJP Morgan Chase & Co	21,466	$5.3M	0.77%
22	IWDiShares Russell 1000 Val ETF	27,411	$5.2M	0.75%
23	GOOGAlphabet, Inc Cl C	32,641	$5.1M	0.74%
24	VTEBVanguard Muni Bond ETF	102,285	$5.1M	0.74%
25	NINisource Inc.	123,884	$5.0M	0.73%
26	TRMKTrustmark Corp.	139,788	$4.8M	0.70%
27	DISWalt Disney Hldg	47,420	$4.7M	0.68%
28	MDTMedtronic Inc.	50,057	$4.5M	0.66%
29	VTIVanguard Total Stk Mkt ETF	15,636	$4.3M	0.63%
30	CSCOCisco Systems, Inc.	69,367	$4.3M	0.63%
31	CBChubb Limited	14,061	$4.2M	0.62%
32	ROPRoper Industries Inc	6,720	$4.0M	0.58%
33	PFEPfizer Inc.	154,389	$3.9M	0.57%
34	PGProcter & Gamble	21,704	$3.7M	0.54%
35	STXSeagate Technology PLC	43,408	$3.7M	0.54%
36	KOCoca-Cola Co	50,431	$3.6M	0.53%
37	HONHoneywell International	16,251	$3.4M	0.50%
38	ABTAbbott Laboratories	25,398	$3.4M	0.49%
39	ABBVAbbVie Inc.	15,981	$3.3M	0.49%
40	KRCKilroy Realty Corp REIT	101,750	$3.3M	0.49%
41	XOMExxon Mobil Corporation	27,080	$3.2M	0.47%
42	LLYEli Lilly & Co.	3,840	$3.2M	0.46%
43	YUMCYum China Hldgs Inc Com	60,122	$3.1M	0.46%
44	AMGNAmgen Incorporated	9,925	$3.1M	0.45%
45	SLBSchlumberger Limited	72,758	$3.0M	0.44%
46	IOTSamsara Inc.	78,937	$3.0M	0.44%
47	CATCaterpillar	8,342	$2.8M	0.40%
48	ATRAptarGroup, Inc	18,303	$2.7M	0.40%
49	BABoeing Co.	15,760	$2.7M	0.39%
50	GQ9SPDR Gold Trust ETF	9,239	$2.7M	0.39%
51	MUNIPIMCO Intermediate Muni Bond ETF	51,259	$2.6M	0.39%
52	JNJJohnson & Johnson	15,227	$2.5M	0.37%
53	AVGOBroadcom Ltd	13,330	$2.2M	0.33%
54	CHEChemed Corp.	3,493	$2.1M	0.31%
55	MCKMcKesson Corp.	3,182	$2.1M	0.31%
56	EMREmerson Electric Co.	18,983	$2.1M	0.30%
57	VLOValero Energy	15,639	$2.1M	0.30%
58	GDXVaneck Vectors Gold Miners ETF	44,509	$2.0M	0.30%
59	PCORProcore Technologies, Inc.	30,532	$2.0M	0.29%
60	WMTWal-Mart Stores	22,902	$2.0M	0.29%
61	DUKDuke Energy Corporation	16,429	$2.0M	0.29%
62	IQVIQVIA Holdings Inc.	11,141	$2.0M	0.29%
63	VUGVanguard Growth ETF	4,901	$1.8M	0.27%
64	NCLHNorwegian Cruise Line Holding Ltd	94,432	$1.8M	0.26%
65	SPYSPDR S&P 500 ETF	3,149	$1.8M	0.26%
66	SONYSony Group Corp	68,540	$1.7M	0.25%
67	VOOVanguard 500 ETF	3,370	$1.7M	0.25%
68	APDAir Products & Chemicals Inc.	5,868	$1.7M	0.25%
69	MCDMcDonald's Corp	4,800	$1.5M	0.22%
70	BACVerizon Communications Inc.	30,204	$1.4M	0.20%
71	TRVThe Travelers Companies Inc.	5,158	$1.4M	0.20%
72	FSLRFirst Solar Inc	10,362	$1.3M	0.19%
73	GEGE Aerospace	6,449	$1.3M	0.19%
74	DEDeere & Company	2,734	$1.3M	0.19%
75	SPYXSPDR S&P 500 Fossil Fl Fr ETF	26,511	$1.2M	0.18%
76	DOVDover Corporation	6,632	$1.2M	0.17%
77	BMYBristol Myers	18,897	$1.2M	0.17%
78	TDToronto-Dominion Bank	17,661	$1.1M	0.15%
79	AZNAstraZeneca plc ADR	14,351	$1.1M	0.15%
80	AXPAmerican Express Company	3,915	$1.1M	0.15%
81	XYLXylem Inc	8,439	$1.0M	0.15%
82	ULUnilever PLC ADR	16,474	$981K	0.14%
83	HDHome Depot	2,610	$957K	0.14%
84	PEPPepsico, Inc.	6,269	$940K	0.14%
85	FDXFedex Corporation	3,850	$939K	0.14%
86	NSCNorfolk Southern	3,941	$933K	0.14%
87	INGRIngredion Incorporated	6,886	$931K	0.14%
88	CVXChevron Corp.	5,492	$919K	0.13%
89	NVDANvidia Corp	7,895	$856K	0.13%
90	IAU*Ishares Gold ETF	14,027	$827K	0.12%
91	COPConoco Phillips	7,723	$811K	0.12%
92	TIPiShares TIPS Bond ETF	7,198	$800K	0.12%
93	MTBM&T Bank Corp	4,471	$799K	0.12%
94	CSXCSX Corp	26,080	$768K	0.11%
95	EWBCEast West Bancorp	8,199	$736K	0.11%
96	ISRGIntuitive Surgical	1,380	$683K	0.10%
97	ITGRInteger Holdings Corp	5,762	$680K	0.10%
98	BDXBecton Dickinson & Co	2,933	$672K	0.10%
99	LNTAlliant Energy Corp	10,151	$653K	0.10%
100	ADPAuto Data Processing	2,031	$621K	0.09%

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