Hanson & Doremus Investment Management Q3 2023 vs. Q4 2023 13F Holdings Comparison

Introduction:

In this article, we will analyze and compare the changes in holdings of Hanson & Doremus Investment Management between Q3 2023 and Q4 2023. The analysis will provide insights into the fund's investment strategies, highlighting any significant changes in their portfolio.

Schwab U.S. Broad Market ETF:

Hanson & Doremus Investment Management maintained a steady position in the Schwab U.S. Broad Market ETF, with a slight increase in share holdings from 1,898,228 in Q3 to 1,898,783 in Q4. The value of the investment also saw a notable increase from $94,627,000 to $105,705,000, representing an 11.7% change.

Vanguard Intermediate Treasury ETF:

The fund increased its position in the Vanguard Intermediate Treasury ETF, indicating a positive outlook on intermediate treasury bonds. Share holdings climbed from 513,951 to 577,401, reflecting a 16.6% change. The value of the investment rose from $29,372,000 to $34,251,000.

Vanguard Developed Market ETF:

Hanson & Doremus Investment Management maintained its position in the Vanguard Developed Market ETF with a slight increase in shares from 659,431 to 679,910, representing a 13% change. The value of the investment also increased from $28,830,000 to $32,568,000.

Vanguard Intermediate Corporate ETF:

The fund showed confidence in the corporate sector by increasing its position in the Vanguard Intermediate Corporate ETF. Share holdings rose from 307,090 to 341,028, reflecting an 18.8% change. The value of the investment increased from $23,333,000 to $27,719,000.

Vanguard Emerging Market ETF:

Hanson & Doremus Investment Management maintained its position in the Vanguard Emerging Market ETF, with a slight increase in shares from 419,644 to 432,088, indicating a 7.9% change. The value of the investment also increased from $16,454,000 to $17,759,000.

Vanguard ESG US Stock ETF:

The fund showed a positive inclination towards environmental, social, and governance (ESG) principles by increasing the position in the Vanguard ESG US Stock ETF. Share holdings rose from 184,009 to 187,201, reflecting a 15% change. The value of the investment increased from $13,841,000 to $15,923,000.

Microsoft:

Hanson & Doremus Investment Management maintained its position in Microsoft, with a marginal decrease in shares from 41,158 to 40,629, indicating a 17.6% change. The value of the investment increased slightly from $12,996,000 to $15,278,000.

Schwab Int'l Equity ETF:

The fund retained its position in the Schwab Int'l Equity ETF, with a slight decrease in share holdings from 336,625 to 332,467, representing a 7.5% change. The value of the investment decreased from $11,432,000 to $12,288,000.

Vanguard ESG International Stock ETF:

Hanson & Doremus Investment Management increased its position in the Vanguard ESG International Stock ETF, indicating a positive outlook on international stocks adhering to ESG principles. Share holdings rose from 187,624 to 193,574, reflecting a 13.1% change. The value of the investment increased from $9,464,000 to $10,701,000.

Taiwan Semiconductor ADR:

The fund displayed confidence in Taiwan Semiconductor ADR by increasing its position. Share holdings rose from 81,615 to 85,780, indicating a 25.8% change. The value of the investment increased from $7,092,000 to $8,921,000.

The Charles Schwab Corp.:

Hanson & Doremus Investment Management increased its holdings in The Charles Schwab Corp., indicating positive sentiment towards the company. Share holdings rose from 119,472 to 122,958, reflecting a 29% change. The value of the investment increased from $6,559,000 to $8,459,000.

Costco:

The fund maintained its position in Costco, with a slight increase in shares from 10,384 to 10,605, indicating a 19.3% change. The value of the investment increased from $5,867,000 to $7,000,000.

Apple Inc.:

Hanson & Doremus Investment Management maintained its position in Apple Inc., with a slight decrease in shares from 31,810 to 31,290, indicating a 10.6% change. The value of the investment increased from $5,446,000 to $6,024,000.

Conclusion:

Hanson & Doremus Investment Management made strategic investment moves in various sectors and asset classes between Q3 2023 and Q4 2023. Their increased positions in ETFs focused on broad market exposure, intermediate treasury bonds, developed markets, intermediate corporate bonds, emerging markets, and ESG principles highlight positive sentiments towards these sectors and investment approaches. Additionally, the fund displayed confidence in specific companies such as Microsoft, Taiwan Semiconductor, The Charles Schwab Corp., and Costco. The analysis of these changes in holdings provides valuable insights into Hanson & Doremus Investment Management's investment strategies and portfolio adjustments.