# EDGAR Filing Document

**Accession Number:** 0000914973
**File Stem:** 0000914973-26-000003
**Filing Date:** 2026-5
**Character Count:** 15785
**Document Hash:** 8de86366595e2e8c2ec2210ab7f55992
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000914973-26-000003.hdr.sgml**: 20260507

**ACCESSION NUMBER**: 0000914973-26-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260507

**DATE AS OF CHANGE**: 20260507

**EFFECTIVENESS DATE**: 20260507

**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:** 26954446

**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:** 03-31-2026

**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. Molyneaux<br>**Title:** CFO  President<br>**Phone:** 864-235-6760

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

Stephen F. Molyneaux  Seneca, SC  05-07-2026<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:** 118

**Form 13F Information Table Value Total:** $246059026

      (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 |
| BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 |  | 1468269 | 3064 | SH |  | SOLE |  | 3064 | 0 | 0 |
| ALPHABET INC | CAP STK CL C | 02079K107 |  | 357428 | 1246 | SH |  | SOLE |  | 1246 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION | COM | 22160K105 |  | 553020 | 555 | SH |  | SOLE |  | 555 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | BULETSHS 2029 | 46138J577 |  | 1029214 | 55155 | SH |  | SOLE |  | 55155 | 0 | 0 |
| ARK ETF TR | INNOVATION ETF | 00214Q104 |  | 618449 | 9150 | SH |  | SOLE |  | 9150 | 0 | 0 |
| ARK ETF TR | GENOMIC REV ETF | 00214Q302 |  | 1135135 | 42965 | SH |  | SOLE |  | 42965 | 0 | 0 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS VA | 25434V740 |  | 663003 | 18530 | SH |  | SOLE |  | 18530 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US SMALL CAP ETF | 25434V500 |  | 413052 | 5807 | SH |  | SOLE |  | 5807 | 0 | 0 |
| ADVISORSHARES TR | DORSY SHRT ETF | 00768Y529 |  | 79964 | 12199 | SH |  | SOLE |  | 12199 | 0 | 0 |
| APPLE INC | COM | 037833100 |  | 303279 | 1195 | SH |  | SOLE |  | 1195 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTL CORE EQUITY | 25434V799 |  | 224052 | 6306 | SH |  | SOLE |  | 6306 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 624829 | 12817 | SH |  | SOLE |  | 12817 | 0 | 0 |
| EMPIRE ST RLTY TR INC | CL A | 292104106 |  | 84318 | 16215 | SH |  | SOLE |  | 16215 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO BLSH 28 | 46138J643 |  | 1274926 | 62426 | SH |  | SOLE |  | 62426 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTERNATNAL VAL | 25434V807 |  | 642702 | 12177 | SH |  | SOLE |  | 12177 | 0 | 0 |
| ISHARES TR | CORE 40/60 MODER | 464289875 |  | 1548810 | 32696 | SH |  | SOLE |  | 32696 | 0 | 0 |
| GAMING  LEISURE P | COM | 36467J108 |  | 300163 | 6765 | SH |  | SOLE |  | 6765 | 0 | 0 |
| COCA COLA CO | COM | 191216100 |  | 1543663 | 20298 | SH |  | SOLE |  | 20298 | 0 | 0 |
| SRH TOTAL RETURN FUND INC | COM | 101507101 |  | 238990 | 13976 | SH |  | SOLE |  | 13976 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US EQUITY MARKET | 25434V401 |  | 879071 | 12397 | SH |  | SOLE |  | 12397 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP E | 25434V773 |  | 267845 | 7955 | SH |  | SOLE |  | 7955 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US CORE EQUITY 2 | 25434V708 |  | 393030 | 10114 | SH |  | SOLE |  | 10114 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US SMALL CAP VAL | 25434V815 |  | 688886 | 19660 | SH |  | SOLE |  | 19660 | 0 | 0 |
| FIRST INDL RLTY TR INC | COM | 32054K103 |  | 228045 | 3942 | SH |  | SOLE |  | 3942 | 0 | 0 |
| FIRST TR EXCHANGE TRADED FD | RBA INDL ETF | 33738R704 |  | 1575070 | 14218 | SH |  | SOLE |  | 14218 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTL SMALL CAP V | 25434V781 |  | 612661 | 15534 | SH |  | SOLE |  | 15534 | 0 | 0 |
| ISHARES INC | MSCI EMRG CHN | 46434G764 |  | 1065922 | 13551 | SH |  | SOLE |  | 13551 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 718140 | 1 | SH |  | SOLE |  | 1 | 0 | 0 |
| DIMENSIONAL ETF TRUST | INTL CORE EQT MK | 25434V203 |  | 395093 | 10141 | SH |  | SOLE |  | 10141 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US TARGETED VLU | 25434V609 |  | 349408 | 5595 | SH |  | SOLE |  | 5595 | 0 | 0 |
| DIMENSIONAL ETF TRUST | EMERGING MKTS CO | 25434V732 |  | 268281 | 7765 | SH |  | SOLE |  | 7765 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | BULETSHS 2031 CP | 46138J429 |  | 572989 | 34811 | SH |  | SOLE |  | 34811 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 1138599 | 11930 | SH |  | SOLE |  | 11930 | 0 | 0 |
| DIMENSIONAL ETF TRUST | US HIGH PROFITAB | 25434V831 |  | 383480 | 10432 | SH |  | SOLE |  | 10432 | 0 | 0 |
| ISHARES TR | CORE 80/20 AGGRE | 464289859 |  | 2536064 | 28659 | SH |  | SOLE |  | 28659 | 0 | 0 |
| ISHARES TR | IBONDS 27 ETF | 46435UAA9 |  | 254472 | 10498 | SH |  | SOLE |  | 10498 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 770067 | 3604 | SH |  | SOLE |  | 3604 | 0 | 0 |
| ISHARES TR | A RATE CP BD ETF | 46429B291 |  | 1490352 | 31317 | SH |  | SOLE |  | 31317 | 0 | 0 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 14150798 | 38175 | SH |  | SOLE |  | 38175 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2026 CB | 46138J791 |  | 1194084 | 61141 | SH |  | SOLE |  | 61141 | 0 | 0 |
| HOME DEPOT INC | COM | 437076102 |  | 757434 | 2303 | SH |  | SOLE |  | 2303 | 0 | 0 |
| HOST HOTELS  RESORTS INC | COM | 44107P104 |  | 191753 | 10008 | SH |  | SOLE |  | 10008 | 0 | 0 |
| STATE STR SPDR S MIDCAP 40 | UTSER1 S | 78467Y107 |  | 6863193 | 11128 | SH |  | SOLE |  | 11128 | 0 | 0 |
| ISHARES TR | IBONDS DEC 2031 | 46436E486 |  | 222842 | 10647 | SH |  | SOLE |  | 10647 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | KBW BK ETF | 46138E628 |  | 617690 | 7807 | SH |  | SOLE |  | 7807 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | BULSHS 2027 CB | 46138J783 |  | 1656684 | 84417 | SH |  | SOLE |  | 84417 | 0 | 0 |
| ISHARES TR | IBONDS DEC 29 | 46436E205 |  | 266443 | 11455 | SH |  | SOLE |  | 11455 | 0 | 0 |
| ISHARES TR | IBONDS 26 TRM TS | 46436E858 |  | 230365 | 10053 | SH |  | SOLE |  | 10053 | 0 | 0 |
| ISHARES TR | CORE US AGGBD ET | 464287226 |  | 810440 | 8164 | SH |  | SOLE |  | 8164 | 0 | 0 |
| ISHARES TR | GLOBAL TECH ETF | 464287291 |  | 1409977 | 14104 | SH |  | SOLE |  | 14104 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | INVSCO 30 CORP | 46138J460 |  | 916340 | 54808 | SH |  | SOLE |  | 54808 | 0 | 0 |
| ISHARES TR | CORE 60/40 BALAN | 464289867 |  | 4353605 | 67655 | SH |  | SOLE |  | 67655 | 0 | 0 |
| ISHARES TR | IBOND DEC 2030 | 46436E593 |  | 219779 | 11145 | SH |  | SOLE |  | 11145 | 0 | 0 |
| DIMENSIONAL ETF TRUST | NATL MUN BD ETF | 25434V849 |  | 252447 | 5267 | SH |  | SOLE |  | 5267 | 0 | 0 |
| SSGA ACTIVE TR | STATE STREET BLA | 78470P846 |  | 563315 | 20234 | SH |  | SOLE |  | 20234 | 0 | 0 |
| MACERICH CO | COM | 554382101 |  | 278113 | 14715 | SH |  | SOLE |  | 14715 | 0 | 0 |
| INVESCO EXCH TRD SLF IDX FD | BULLETSHS 2032 | 46139W858 |  | 501377 | 24353 | SH |  | SOLE |  | 24353 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 38768231 | 59612 | SH |  | SOLE |  | 59612 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC | CL A | 69608A108 |  | 870220 | 5949 | SH |  | SOLE |  | 5949 | 0 | 0 |
| SPDR INDEX SHS FDS | STATE STREET SPD | 78463X541 |  | 610950 | 8182 | SH |  | SOLE |  | 8182 | 0 | 0 |
| VANGUARD WORLD FD | INF TECH ETF | 92204A702 |  | 2102928 | 3014 | SH |  | SOLE |  | 3014 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 1352971 | 3655 | SH |  | SOLE |  | 3655 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 282224 | 3418 | SH |  | SOLE |  | 3418 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A797 |  | 596036 | 10009 | SH |  | SOLE |  | 10009 | 0 | 0 |
| PIEDMONT REALTY TRUST INC | COM CL A | 720190206 |  | 81245 | 12366 | SH |  | SOLE |  | 12366 | 0 | 0 |
| VANGUARD BD INDEX FDS | INTERMED TERM | 921937819 |  | 8106925 | 105039 | SH |  | SOLE |  | 105039 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 1297414 | 14627 | SH |  | SOLE |  | 14627 | 0 | 0 |
| VANGUARD WORLD FD | INDUSTRIAL ETF | 92204A603 |  | 1096829 | 3513 | SH |  | SOLE |  | 3513 | 0 | 0 |
| VANGUARD INDEX FDS | EXTEND MKT ETF | 922908652 |  | 436913 | 2123 | SH |  | SOLE |  | 2123 | 0 | 0 |
| NORTHERN TR CORP | COM | 665859104 |  | 229593 | 1645 | SH |  | SOLE |  | 1645 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 351521 | 1195 | SH |  | SOLE |  | 1195 | 0 | 0 |
| VANGUARD WORLD FD | ENERGY ETF | 92204A306 |  | 355597 | 2055 | SH |  | SOLE |  | 2055 | 0 | 0 |
| ISHARES TR | CORE HIGH DV ETF | 46429B663 |  | 434168 | 3199 | SH |  | SOLE |  | 3199 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78468R663 |  | 7398863 | 80738 | SH |  | SOLE |  | 80738 | 0 | 0 |
| ISHARES TR | IBONDS 28 TRM TS | 46436E833 |  | 233325 | 10471 | SH |  | SOLE |  | 10471 | 0 | 0 |
| VANGUARD WHITEHALL FDS | HIGH DIV YLD | 921946406 |  | 4580292 | 30927 | SH |  | SOLE |  | 30927 | 0 | 0 |
| ISHARES TR | S 100 ETF | 464287101 |  | 302167 | 950 | SH |  | SOLE |  | 950 | 0 | 0 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | 921943858 |  | 1368717 | 21360 | SH |  | SOLE |  | 21360 | 0 | 0 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | 921908844 |  | 17765229 | 82606 | SH |  | SOLE |  | 82606 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A862 |  | 321228 | 985 | SH |  | SOLE |  | 985 | 0 | 0 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 243662 | 5071 | SH |  | SOLE |  | 5071 | 0 | 0 |
| WISDOMTREE TR | US MIDCAP DIVID | 97717W505 |  | 623683 | 11871 | SH |  | SOLE |  | 11871 | 0 | 0 |
| VANGUARD MUN BD FDS | TAX EXEMPT BD | 922907746 |  | 1406200 | 28186 | SH |  | SOLE |  | 28186 | 0 | 0 |
| TESLA INC | COM | 88160R101 |  | 1460978 | 3930 | SH |  | SOLE |  | 3930 | 0 | 0 |
| VANGUARD INDEX FDS | GROWTH ETF | 922908736 |  | 3327903 | 7619 | SH |  | SOLE |  | 7619 | 0 | 0 |
| VANGUARD WORLD FD | FINANCIALS ETF | 92204A405 |  | 553431 | 4581 | SH |  | SOLE |  | 4581 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET ENE | 81369Y506 |  | 582603 | 9510 | SH |  | SOLE |  | 9510 | 0 | 0 |
| VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 |  | 404714 | 5389 | SH |  | SOLE |  | 5389 | 0 | 0 |
| VANGUARD INSTL INDEX FD | 0-3 MO TREAS BIL | 922040845 |  | 5711970 | 75505 | SH |  | SOLE |  | 75505 | 0 | 0 |
| VANGUARD MALVERN FDS | STRM INFPROIDX | 922020805 |  | 1484289 | 29716 | SH |  | SOLE |  | 29716 | 0 | 0 |
| MPLX LP | COM UNIT REP LTD | 55336V100 |  | 218692 | 3832 | SH |  | SOLE |  | 3832 | 0 | 0 |
| ISHARES TR | 0-3 MNTH TREASRY | 46436E718 |  | 556147 | 5525 | SH |  | SOLE |  | 5525 | 0 | 0 |
| VANGUARD WORLD FD | COMM SRVC ETF | 92204A884 |  | 885532 | 4924 | SH |  | SOLE |  | 4924 | 0 | 0 |
| SPDR SERIES TRUST | STATE STREET SPD | 78464A755 |  | 207055 | 1917 | SH |  | SOLE |  | 1917 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | MIDCP 400 VAL | 921932844 |  | 526368 | 5163 | SH |  | SOLE |  | 5163 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 59114696 | 184267 | SH |  | SOLE |  | 184267 | 0 | 0 |
| ISHARES TR | RUS 1000 GRW ETF | 464287614 |  | 796942 | 1869 | SH |  | SOLE |  | 1869 | 0 | 0 |
| VANGUARD INDEX FDS | S 500 ETF SHS | 922908363 |  | 4866697 | 8144 | SH |  | SOLE |  | 8144 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET IND | 81369Y704 |  | 379742 | 2348 | SH |  | SOLE |  | 2348 | 0 | 0 |
| SELECT SECTOR SPDR TR | STATE STREET TEC | 81369Y803 |  | 708091 | 5328 | SH |  | SOLE |  | 5328 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | MIDCP 400 IDX | 921932885 |  | 758285 | 6633 | SH |  | SOLE |  | 6633 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 362734 | 843 | SH |  | SOLE |  | 843 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | 92206C409 |  | 287909 | 3632 | SH |  | SOLE |  | 3632 | 0 | 0 |
| VANGUARD ADMIRAL FDS INC | 500 VAL IDX FD | 921932703 |  | 342367 | 1680 | SH |  | SOLE |  | 1680 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 960720 | 16133 | SH |  | SOLE |  | 16133 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | 92206C870 |  | 310395 | 3751 | SH |  | SOLE |  | 3751 | 0 | 0 |
| VISA INC | COM CL A | 92826C839 |  | 399864 | 1323 | SH |  | SOLE |  | 1323 | 0 | 0 |
| VANGUARD INDEX FDS | VALUE ETF | 922908744 |  | 2228243 | 11357 | SH |  | SOLE |  | 11357 | 0 | 0 |
| VANGUARD BD INDEX FDS | SHORT TRM BOND | 921937827 |  | 314628 | 4013 | SH |  | SOLE |  | 4013 | 0 | 0 |
| GLOBUS MED INC | CL A | 379577208 |  | 480773 | 5580 | SH |  | SOLE |  | 5580 | 0 | 0 |
| MARINE PRODS CORP | COM | 568427108 |  | 568041 | 78135 | SH |  | SOLE |  | 78135 | 0 | 0 |
| SOUTHSTATE BK CORP | COM | 84472E102 |  | 257206 | 2780 | SH |  | SOLE |  | 2780 | 0 | 0 |
| VANGUARD WORLD FD | MATERIALS ETF | 92204A801 |  | 225791 | 1002 | SH |  | SOLE |  | 1002 | 0 | 0 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | 92203C303 |  | 248801 | 4998 | SH |  | SOLE |  | 4998 | 0 | 0 |
| PEPSICO INC | COM | 713448108 |  | 260577 | 1678 | SH |  | SOLE |  | 1678 | 0 | 0 |
| UNITED CMNTY BKS BLAIRSVLE G | COM | 90984P303 |  | 222288 | 7059 | SH |  | SOLE |  | 7059 | 0 | 0 |
| PACKAGING CORP AMER | COM | 695156109 |  | 1363089 | 6423 | SH |  | SOLE |  | 6423 | 0 | 0 |
| WALMART INC | COM | 931142103 |  | 316914 | 2550 | SH |  | SOLE |  | 2550 | 0 | 0 |

---