# EDGAR Filing Document

**Accession Number:** 0000914973
**File Stem:** 0000914973-26-000001
**Filing Date:** 2026-2
**Character Count:** 14859
**Document Hash:** ad6409f8888ae3a570b604e1eb0066d8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000914973-26-000001.hdr.sgml**: 20260217

**ACCESSION NUMBER**: 0000914973-26-000001

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260217

**DATE AS OF CHANGE**: 20260217

**EFFECTIVENESS DATE**: 20260217

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HANOVER ADVISORS INC
- **CENTRAL INDEX KEY:** 0000914973

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-04002
- **FILM NUMBER:** 26637328

**BUSINESS ADDRESS:**
- **STREET 1:** 101 ROCKWOOD DR.
- **CITY:** SENECA
- **STATE:** SC
- **ZIP:** 29672
- **BUSINESS PHONE:** 8642356760

**MAIL ADDRESS:**
- **STREET 1:** 101 ROCKWOOD DR.
- **CITY:** SENECA
- **STATE:** SC
- **ZIP:** 29672

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** HANOVER ADVISORS INC<br>**Address:** 101 ROCKWOOD DR.<br>SENECA, SC 29672

**Form 13F File Number:** 028-04002

**CRD Number (if applicable):** 000119655

**SEC File Number (if applicable):** 801-63150

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Stephen F. Molyneux<br>**Title:** CFO  President<br>**Phone:** 864-235-6760

**Signature, Place, and Date of Signing:**

Stephen F. Molyneux  Seneca, SC  02-13-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 109

**Form 13F Information Table Value Total:** $257570058

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ARK ETF TR | INNOVATION ETF | 00214Q104 |  | 703818 | 9150 | SH |  | SOLE |  | 9150 | 0 | 0 |
| ARK ETF TR | GENOMIC REV ETF | 00214Q302 |  | 1031013 | 35589 | SH |  | SOLE |  | 35589 | 0 | 0 |
| ADVISORSHARES TR | DORSY SHRT ETF | 00768Y529 |  | 93013 | 14443 | SH |  | SOLE |  | 14443 | 0 | 0 |
| AMERICOLD REALTY TRUST INC | COM | 03064D108 |  | 169675 | 13194 | SH |  | SOLE |  | 13194 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 324873 | 1195 | SH |  | SOLE |  | 1195 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 719840 | 13088 | SH |  | SOLE |  | 13088 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 754800 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1250091 | 2487 | SH |  | SOLE |  | 2487 | 0 | 0 |
| SRH TOTAL RETURN FUND INC | COM | 101507101 |  | 259115 | 13976 | SH |  | SOLE |  | 13976 | 0 | 0 |
| CARVANA CO | CL A | 146869102 |  | 200460 | 475 | SH |  | SOLE |  | 475 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 1419033 | 20298 | SH |  | SOLE |  | 20298 | 0 | 0 |
| DIGITAL RLTY TR INC | COM | 253868103 |  | 267184 | 1727 | SH |  | SOLE |  | 1727 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 338874 | 8892 | SH |  | SOLE |  | 8892 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US EQUITY MARKET | 25434V401 |  | 919485 | 12397 | SH |  | SOLE |  | 12397 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 389246 | 5587 | SH |  | SOLE |  | 5587 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 333126 | 5595 | SH |  | SOLE |  | 5595 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 391545 | 9890 | SH |  | SOLE |  | 9890 | 0 | 0 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS VA | 25434V740 |  | 623178 | 18470 | SH |  | SOLE |  | 18470 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP E | 25434V773 |  | 244580 | 7425 | SH |  | SOLE |  | 7425 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP V | 25434V781 |  | 609520 | 16040 | SH |  | SOLE |  | 16040 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 593161 | 11887 | SH |  | SOLE |  | 11887 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US SMALL CAP VAL | 25434V815 |  | 616984 | 18759 | SH |  | SOLE |  | 18759 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US HIGH PROFITAB | 25434V831 |  | 396729 | 10432 | SH |  | SOLE |  | 10432 | 0 | 0 |
| DIMENSIONAL ETF TRUST | NATL MUN BD ETF | 25434V849 |  | 253711 | 5267 | SH |  | SOLE |  | 5267 | 0 | 0 |
| FIRST INDL RLTY TR INC | COM | 32054K103 |  | 234406 | 4093 | SH |  | SOLE |  | 4093 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | RBA INDL ETF | 33738R704 |  | 1286321 | 13083 | SH |  | SOLE |  | 13083 | 0 | 0 |
| GAMING  LEISURE PPTYS INC | COM | 36467J108 |  | 309657 | 6929 | SH |  | SOLE |  | 6929 | 0 | 0 |
| GLOBUS MED INC | CL A | 379577208 |  | 487190 | 5580 | SH |  | SOLE |  | 5580 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 326551 | 949 | SH |  | SOLE |  | 949 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | KBW BK ETF | 46138E628 |  | 603095 | 7155 | SH |  | SOLE |  | 7155 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | BULETSHS 2031 CP | 46138J429 |  | 534875 | 32038 | SH |  | SOLE |  | 32038 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO 30 CORP | 46138J460 |  | 843496 | 49852 | SH |  | SOLE |  | 49852 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | BULETSHS 2029 | 46138J577 |  | 958363 | 50882 | SH |  | SOLE |  | 50882 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO BLSH 28 | 46138J643 |  | 1312488 | 63713 | SH |  | SOLE |  | 63713 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2027 CB | 46138J783 |  | 1691402 | 85684 | SH |  | SOLE |  | 85684 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2026 CB | 46138J791 |  | 1199967 | 61301 | SH |  | SOLE |  | 61301 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | BULLETSHS 2032 | 46139W858 |  | 482651 | 23121 | SH |  | SOLE |  | 23121 | 0 | 0 |
| ISHARES TR | S 100 ETF | 464287101 |  | 325822 | 950 | SH |  | SOLE |  | 950 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 816619 | 8176 | SH |  | SOLE |  | 8176 | 0 | 0 |
| ISHARES TR | GLOBAL TECH ETF | 464287291 |  | 1456035 | 13867 | SH |  | SOLE |  | 13867 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 1178537 | 12256 | SH |  | SOLE |  | 12256 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 283079 | 3418 | SH |  | SOLE |  | 3418 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 758065 | 3604 | SH |  | SOLE |  | 3604 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 884598 | 1869 | SH |  | SOLE |  | 1869 | 0 | 0 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 14822041 | 38315 | SH |  | SOLE |  | 38315 | 0 | 0 |
| ISHARES TR | CORE 80/20 AGGRE | 464289859 |  | 3240400 | 36181 | SH |  | SOLE |  | 36181 | 0 | 0 |
| ISHARES TR | CORE 60/40 BALAN | 464289867 |  | 6529285 | 100435 | SH |  | SOLE |  | 100435 | 0 | 0 |
| ISHARES TR | CORE 40/60 MODER | 464289875 |  | 3758785 | 78751 | SH |  | SOLE |  | 78751 | 0 | 0 |
| ISHARES TR | A RATE CP BD ETF | 46429B291 |  | 1482927 | 30837 | SH |  | SOLE |  | 30837 | 0 | 0 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 389030 | 3199 | SH |  | SOLE |  | 3199 | 0 | 0 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 811472 | 11165 | SH |  | SOLE |  | 11165 | 0 | 0 |
| ISHARES TR | IBONDS 27 ETF | 46435UAA9 |  | 268755 | 11069 | SH |  | SOLE |  | 11069 | 0 | 0 |
| ISHARES TR | IBONDS DEC 29 | 46436E205 |  | 266958 | 11406 | SH |  | SOLE |  | 11406 | 0 | 0 |
| ISHARES TR | IBONDS DEC 2031 | 46436E486 |  | 230641 | 10905 | SH |  | SOLE |  | 10905 | 0 | 0 |
| ISHARES TR | IBOND DEC 2030 | 46436E593 |  | 226610 | 11419 | SH |  | SOLE |  | 11419 | 0 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 554600 | 5525 | SH |  | SOLE |  | 5525 | 0 | 0 |
| ISHARES TR | IBONDS 28 TRM TS | 46436E833 |  | 236376 | 10569 | SH |  | SOLE |  | 10569 | 0 | 0 |
| ISHARES TR | IBONDS 26 TRM TS | 46436E858 |  | 235750 | 10306 | SH |  | SOLE |  | 10306 | 0 | 0 |
| JPMORGAN CHASE  CO. | COM | 46625H100 |  | 375064 | 1164 | SH |  | SOLE |  | 1164 | 0 | 0 |
| MACERICH CO | COM | 554382101 |  | 258828 | 14021 | SH |  | SOLE |  | 14021 | 0 | 0 |
| MARINE PRODS CORP | COM | 568427108 |  | 684463 | 78135 | SH |  | SOLE |  | 78135 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 2159847 | 4466 | SH |  | SOLE |  | 4466 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 1324615 | 6423 | SH |  | SOLE |  | 6423 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 1115026 | 6273 | SH |  | SOLE |  | 6273 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 240827 | 1678 | SH |  | SOLE |  | 1678 | 0 | 0 |
| PIEDMONT REALTY TRUST INC | COM CL A | 720190206 |  | 106885 | 12816 | SH |  | SOLE |  | 12816 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 40297551 | 59094 | SH |  | SOLE |  | 59094 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 336467 | 849 | SH |  | SOLE |  | 849 | 0 | 0 |
| SPDR INDEX SHS FDS | GLB NAT RESRCE | 78463X541 |  | 365942 | 5889 | SH |  | SOLE |  | 5889 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A797 |  | 557802 | 9191 | SH |  | SOLE |  | 9191 | 0 | 0 |
| SPDR S MIDCAP 400 ETF TR | UTSER1 S | 78467Y107 |  | 6712859 | 11127 | SH |  | SOLE |  | 11127 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 |  | 10007977 | 109520 | SH |  | SOLE |  | 109520 | 0 | 0 |
| SSGA ACTIVE TR | STATE STREET BLA | 78470P846 |  | 612086 | 21522 | SH |  | SOLE |  | 21522 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 439380 | 9827 | SH |  | SOLE |  | 9827 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 307603 | 1983 | SH |  | SOLE |  | 1983 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 846976 | 5883 | SH |  | SOLE |  | 5883 | 0 | 0 |
| SOUTHSTATE BK CORP | COM | 84472E102 |  | 261626 | 2780 | SH |  | SOLE |  | 2780 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1626637 | 3617 | SH |  | SOLE |  | 3617 | 0 | 0 |
| UNITED CMNTY BKS BLAIRSVLE G | COM | 90984P303 |  | 220382 | 7059 | SH |  | SOLE |  | 7059 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 18182602 | 82731 | SH |  | SOLE |  | 82731 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | 500 VAL IDX FD | 921932703 |  | 344148 | 1680 | SH |  | SOLE |  | 1680 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | MIDCP 400 VAL | 921932844 |  | 523838 | 5186 | SH |  | SOLE |  | 5186 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | MIDCP 400 IDX | 921932885 |  | 741569 | 6633 | SH |  | SOLE |  | 6633 | 0 | 0 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 8100509 | 104013 | SH |  | SOLE |  | 104013 | 0 | 0 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 316233 | 4013 | SH |  | SOLE |  | 4013 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1349133 | 21597 | SH |  | SOLE |  | 21597 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 4430466 | 30870 | SH |  | SOLE |  | 30870 | 0 | 0 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 1424077 | 28793 | SH |  | SOLE |  | 28793 | 0 | 0 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 249075 | 4998 | SH |  | SOLE |  | 4998 | 0 | 0 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 254308 | 5263 | SH |  | SOLE |  | 5263 | 0 | 0 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 322481 | 2561 | SH |  | SOLE |  | 2561 | 0 | 0 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 608848 | 4561 | SH |  | SOLE |  | 4561 | 0 | 0 |
| VANGUARD WORLD FD | INDUSTRIAL ETF | 92204A603 |  | 1086998 | 3643 | SH |  | SOLE |  | 3643 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 2271893 | 3014 | SH |  | SOLE |  | 3014 | 0 | 0 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 |  | 958469 | 4950 | SH |  | SOLE |  | 4950 | 0 | 0 |
| VANGUARD INSTL INDEX FD | 0-3 MO TREAS BIL | 922040845 |  | 6004216 | 79600 | SH |  | SOLE |  | 79600 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 362577 | 4929 | SH |  | SOLE |  | 4929 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 289579 | 3632 | SH |  | SOLE |  | 3632 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 966851 | 16133 | SH |  | SOLE |  | 16133 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 314146 | 3751 | SH |  | SOLE |  | 3751 | 0 | 0 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 1442619 | 28686 | SH |  | SOLE |  | 28686 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 5108863 | 8146 | SH |  | SOLE |  | 8146 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 1455217 | 16445 | SH |  | SOLE |  | 16445 | 0 | 0 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 443962 | 2123 | SH |  | SOLE |  | 2123 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 3682855 | 7549 | SH |  | SOLE |  | 7549 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 2128011 | 11142 | SH |  | SOLE |  | 11142 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 62521150 | 186480 | SH |  | SOLE |  | 186480 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 284096 | 2550 | SH |  | SOLE |  | 2550 | 0 | 0 |
| WISDOMTREE TR | US MIDCAP DIVID | 97717W505 |  | 612525 | 11871 | SH |  | SOLE |  | 11871 | 0 | 0 |

---