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Livermore
Livermore
ZHEN

Hanover Advisors Inc

SEC CIK
0000914973
Latest filing
Aug 12, 2026

The latest 13F from Hanover Advisors Inc covers Q2 2026 (filed Aug 12, 2026): 122 long positions worth $277.6M. The top 10 holdings make up 67.8% of the portfolio, and the largest is Vanguard Morningstar Total Stock Market ETF at 24.4%. Livermore has 11 filings on Form 13F from this institution, going back to Q4 2023.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
12
Est. +$4.18M
Added
35
Est. +$6.70M
Reduced
39
Est. −$5.49M
Sold out
8
Est. −$2.13M

Top 5 holdings

Share of this quarter's portfolio value

  1. Vanguard Morningstar Total Stock Market ETF922908769
    24.4%$67.6M
  2. SPYSPDR S&P 500 ETF Trust
    16.0%$44.5MHistory
  3. Vanguard Dividend Appreciation ETF921908844
    6.9%$19.2M
  4. iShares Tr464287689
    5.8%$16.1M
  5. iShares Tr464289867
    3.0%$8.44M

Biggest buys

New and added positions, by estimated amount bought

  1. iShares Tr464289867
    +$3.73MAdded
  2. iShares Tr464289859
    +$2.06MAdded
  3. TPLTexas Pacific Land Corp
    +$749.3KNewHistory
  4. HPPHudson Pacific Properties, Inc.
    +$592.9KNewHistory
  5. MCFTMasterCraft Boat Holdings, Inc.
    +$468.0KNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. iShares Tr464289867
    +1.27 pp1.8% → 3.0%
  2. iShares Tr464289859
    +0.72 pp1.0% → 1.7%
  3. SPYSPDR S&P 500 ETF Trust
    +0.29 pp15.8% → 16.0%History
  4. TPLTexas Pacific Land Corp
    +0.27 pp0.0% → 0.3%History
  5. HPPHudson Pacific Properties, Inc.
    +0.21 pp0.0% → 0.2%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −$1.77MReduced
  2. MPXMarine Products Group, LLC
    −$568.0KSold outHistory
  3. Vanguard Morningstar Total Stock Market ETF922908769
    −$556.2KReduced
  4. iShares Tr464289875
    −$455.3KReduced
  5. VVisa Inc.
    −$399.9KSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. State Street SPDR Bloomberg 1-3 Month T-Bill ETF78468R663
    −0.98 pp3.0% → 2.0%
  2. Vanguard Intermediate-Term Bond ETF921937819
    −0.52 pp3.3% → 2.8%
  3. Vanguard Instl Index FD922040845
    −0.35 pp2.3% → 2.0%
  4. Vanguard Dividend Appreciation ETF921908844
    −0.32 pp7.2% → 6.9%
  5. MPXMarine Products Group, LLC
    −0.23 pp0.2% → 0.0%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$277.6M
+$31.6M (+12.8%) vs. prior quarter
Positions
122
+4 vs. prior quarter
Top 10 concentration
67.8%
Top 10 as share of value
Turnover
2.9%
Q2 2026, one quarter
Average holding period
10.0 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2023), so positions held before then are understated.

13F filings by quarter

11 quarters, going back to Q4 2023. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $277.6M (Q2 2026)

Q4 2023: $204.8MQ1 2024: $238.3MQ2 2024: $225.1MQ3 2024: $238.1MQ4 2024: $238.3MQ1 2025: $230.6MQ2 2025: $245.2MQ3 2025: $257.7MQ4 2025: $257.6MQ1 2026: $246.1MQ2 2026: $277.6M
Q4 2023Q2 2026
13F filings of Hanover Advisors Inc by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 12, 2026122$277.6MVanguard Morningstar Total Stock Market ETFSPYVanguard Dividend Appreciation ETFvs. Q1 2026SEC
Q1 2026May 7, 2026118$246.1MVanguard Morningstar Total Stock Market ETFSPYVanguard Dividend Appreciation ETFvs. Q4 2025SEC
Q4 2025Feb 17, 2026109$257.6MVanguard Morningstar Total Stock Market ETFSPYVanguard Dividend Appreciation ETFvs. Q3 2025SEC
Q3 2025Nov 6, 2025103$257.7MVanguard Morningstar Total Stock Market ETFSPYVanguard Dividend Appreciation ETFvs. Q2 2025SEC
Q2 2025Aug 12, 202597$245.2MVanguard Morningstar Total Stock Market ETFSPYState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q1 2025SEC
Q1 2025May 14, 202594$230.6MVanguard Morningstar Total Stock Market ETFSPYState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q4 2024SEC
Q4 2024Feb 5, 202591$238.3MVanguard Morningstar Total Stock Market ETFSPYState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q3 2024SEC
Q3 2024Nov 14, 202493$238.1MVanguard Morningstar Total Stock Market ETFSPYState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q2 2024SEC
Q2 2024Aug 14, 202491$225.1MVanguard Morningstar Total Stock Market ETFSPYState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q1 2024SEC
Q1 2024May 15, 202492$238.3MVanguard Morningstar Total Stock Market ETFSPYState Street SPDR Bloomberg 1-3 Month T-Bill ETFvs. Q4 2023SEC
Q4 2023May 23, 202487$204.8MVanguard Morningstar Total Stock Market ETFSPYState Street SPDR Bloomberg 1-3 Month T-Bill ETF–SEC