Hanson & Doremus Investment Management Q4 2022 vs. Q1 2023 13F Holdings Comparison

Change is the only constant in the world of finance. Investors are constantly making moves to secure gains or minimize risks, depending on their investment strategies. The same goes for Hanson & Doremus Investment Management, which recently released their Q4 2022 vs. Q1 2023 13F holdings comparison. The report revealed several changes in the firm's holdings across various assets classes, including the Vanguard Total U.S. Bond Market ETF, Vanguard ESG US Corporate Bond ETF, and the Walt Disney Holding. In this blog post, we'll take a closer look at the changes in Hanson & Doremus' holdings and their potential impact on the firm's investment strategy.

SCHB – Schwab U.S. Broad Market ETF

Hanson & Doremus reduced its holding in the Schwab U.S. Broad Market ETF from 1,787,874 shares to 1,758,910, representing a decrease of 5.1%. The value of its holdings increased from $80,115,000 to $84,164,000, indicating a change of 5.1%. This move suggests that the firm is less bullish on the ETF, possibly because of their outlook for the overall U.S equity market.

BND – Vanguard Total U.S. Bond Market ETF

The firm also reduced its holdings in the Vanguard Total U.S. Bond Market ETF by 2.0%. They held 428,173 shares in Q4 2022, but their holdings dropped to 418,880 shares in Q1 2023. The value of its holdings changed from $30,760,000 to $30,926,000, representing a change of 0.5%. Hanson & Doremus' reduction in holdings may be due to their decision to decrease their exposure to bonds.

VEA – Vanguard Developed Market ETF

The Vanguard Developed Market ETF is another asset that the firm lowered its holdings in. Hanson & Doremus held 602,329 shares in Q4 2022, but that number fell to 570,166 shares in Q1 2023, representing a decrease of 1.9%. The value of its holdings changed from $25,280,000 to $25,754,000, an increase of 1.9%. The decrease in Hanson & Doremus’ holdings may reflect their outlook for the global economy or a portfolio re-alignment.

ESGV – Vanguard ESG US Stock ETF

The firm significantly increased its stake in the Vanguard ESG US Stock ETF by 29.4%, from 143,638 shares to 170,654 shares, indicating a bullish outlook for the ETF. The value of its holdings rose from $9,460,000 to $12,238,000, indicating a change of 29.4%. The Vanguard ESG ETF is designed to provide exposure to companies that meet certain environmental, social, and governance (ESG) criteria. Hanson & Doremus' increased holdings in the ETF may suggest that they are more confident in the ESG companies' ability to deliver returns.

Conclusion

Hanson & Doremus' Q4 2022 vs. Q1 2023 13F holdings comparison revealed several changes in the firm's holdings. They reduced their positions in the Schwab U.S. Broad Market ETF, the Vanguard Total U.S. Bond Market ETF, and the Vanguard Developed Market ETF. However, they increased their exposure to the Vanguard ESG US Stock ETF. These changes in the firm's holdings reflect their outlook for various markets or a realignment of their portfolios. As always, investors should evaluate their own investment strategies and consult with their financial advisors before making any decisions based on the holdings of others.