JOHN G ULLMAN & ASSOCIATES INC

CIK 919530 · View on SEC EDGAR ↗

Portfolio value
$824.4M
#2,773 of 9,443 by 13F value · top 29.4%
Positions
181
As of
June 30, 2026

Portfolio value QoQ: +9.3% 13F does not disclose cash

Top 10 holdings weight
35.31%
Top 25 holdings weight
56.34%
Positions above 1%
28
Effective number of positions
46.4

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 7.37% Est. buys $58,146,588 · sells $111,030,066

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 81.9% still held

New positions
20
Increased
38
Decreased
85
Closed
5
On this page

Sector breakdown

Industrials
24.7%
Technology
14.1%
Utilities
8.3%
Healthcare
5.6%
Retail
3.8%
Energy
2.4%
Communication Services
1.6%
Financial Services
1.2%
Communications
0.9%
Consumer Staples
0.7%
Financials
0.4%
Packaging
0.3%
Consumer Discretionary
0.2%
Consumer products
0.1%
Materials
0.1%
Other/Unmapped
35.5%

Full portfolio 181 positions

Type Streak 8Q trend
GLW Corning Incorporated Common Stock $59,736,074 7.25% 233,865 $16,260,706 Down ×6
TSM Taiwan Semiconductor Manufacturing Company Ltd. $51,510,700 6.25% 107,860 $10,693,775 Down ×6
Unknown issuer (CUSIP: 17275r102) $37,187,014 4.51% 316,593 $12,313,677 Down ×6
EMR Emerson Electric Company Common Stock $35,545,614 4.31% 248,310 $2,696,411 Down ×6
OGE OGE Energy Corp Common Stock $22,331,777 2.71% 458,935 $-949,686 Down ×6
Unknown issuer (CUSIP: 11135f101) $21,209,529 2.57% 56,147 $3,194,499 Down ×6
Unknown issuer (CUSIP: g87052109) $18,984,606 2.30% 94,165 $-940,225 Down ×6
AMZN Amazon.com, Inc. - Common Stock $15,068,808 1.83% 63,224 $1,899,271 Down ×6
BE Bloom Energy Corporation Class A Common Stock $14,940,969 1.81% 49,359 $-2,084,975 Down ×6
Unknown issuer (CUSIP: 29670g102) $14,566,688 1.77% 380,232 $-1,684,230 Down ×3
Unknown issuer (CUSIP: 30233Q108) $14,280,350 1.73% 104,450 Up ×1
Unknown issuer (CUSIP: 25746u109) $13,463,100 1.63% 197,146 $1,187,441 Down ×1
Unknown issuer (CUSIP: 30040w108) $13,282,576 1.61% 183,791 $-143,057 Down ×2
Unknown issuer (CUSIP: 65339f101) $13,039,055 1.58% 148,559 $-897,868 Down ×3
IBM International Business Machines Corporation Common Stock $12,449,167 1.51% 44,270 $1,657,964 Down ×6
SLB SLB Limited Common Shares $12,369,594 1.50% 266,070 $-1,346,140 Down ×3
Unknown issuer (CUSIP: 58933y105) $12,082,738 1.47% 94,029 $742,802 Down ×2
LNN Lindsay Corporation Common Stock $11,855,088 1.44% 95,760 $1,328,109 Up ×3
GNRC Generac Holdlings Inc. Common Stock $11,593,812 1.41% 39,595 $752,997 Down ×4
MSFT Microsoft Corporation - Common Stock $10,847,251 1.32% 29,080 $99,489 Up ×1
POR Portland General Electric Co Common Stock $10,515,374 1.28% 202,882 $-796,245 Down ×3
INTC Intel Corporation - Common Stock $10,332,480 1.25% 73,999 $4,442,714 Down ×3
ASTE Astec Industries, Inc. - Common Stock $9,188,596 1.11% 150,165 $999,047 Down ×5
Unknown issuer (CUSIP: 34354p105) $9,175,446 1.11% 123,725 $-440 Down ×6
DIS Walt Disney Company (The) Common Stock $8,951,924 1.09% 93,007 $948,336 Up ×2
Unknown issuer (CUSIP: 26969p108) $8,380,350 1.02% 37,246 $2,830,223 Up ×5
CACI CACI International, Inc. Class A Common Stock $8,303,472 1.01% 17,924 $-1,743,982 Down ×5
BMY Bristol-Myers Squibb Company Common Stock $8,234,082 1.00% 142,903 $-533,797 Down ×6
GVA Granite Construction Incorporated Common Stock $8,118,198 0.98% 51,355 $1,194,529 Down ×6
Unknown issuer (CUSIP: 02079k305) $8,083,842 0.98% 22,620 $1,995,334 Up ×1
WDC Western Digital Corporation - Common Stock $7,978,252 0.97% 12,491 $-936,557 Down ×5
JAZZ Jazz Pharmaceuticals plc - Ordinary Shares $7,878,032 0.96% 32,693 Up ×1
ECG Everus Construction Group, Inc. Common Stock $7,850,099 0.95% 47,304 $-163,105 Down ×6
Unknown issuer (CUSIP: 26884l109) $7,831,462 0.95% 147,291 $-1,671,008 Down ×1
GRC Gorman-Rupp Company (The) Common Stock $7,802,028 0.95% 85,045 $802,711 Down ×3
MDU MDU Resources Group, Inc. Common Stock (Holding Company) $7,611,166 0.92% 358,848 $-192,815 Down ×6
TWLO Twilio Inc. Class A Common Stock $6,966,939 0.85% 33,766 $2,643,009 Down ×1
MELI MercadoLibre, Inc. - Common Stock $6,789,560 0.82% 4,000 $3,910,742 Up ×1
ITRI Itron, Inc. - Common Stock $6,726,063 0.82% 77,731 $-503,134 Down ×1
VMC Vulcan Materials Company (Holding Company) Common Stock $6,667,226 0.81% 22,600 $445,171 Down ×5
STT State Street Corporation Common Stock $6,612,365 0.80% 38,988 $1,602,108 Down ×6
TMP $6,420,933 0.78% 67,932 $997,372 Down ×6
NJR NewJersey Resources Corporation Common Stock $6,162,158 0.75% 109,960 $-277,761 Down ×6
Unknown issuer (CUSIP: 02079k107) $5,896,371 0.72% 16,688 $1,094,908 Down ×3
CIEN Ciena Corporation Common Stock $5,751,816 0.70% 11,725 $937,764 Down ×3
SYY Sysco Corporation Common Stock $5,670,652 0.69% 67,847 $701,804 Down ×1
TMO Thermo Fisher Scientific Inc Common Stock $5,614,229 0.68% 11,198 $209,857 Up ×1
PFE Pfizer, Inc. Common Stock $5,519,509 0.67% 229,216 $-492,040 Up ×4
KDP Keurig Dr Pepper Inc. - Common Stock $5,319,738 0.65% 162,534 $851,537 Down ×1
VOO $5,307,668 0.64% 7,728 $1,355,472 Up ×2
Unknown issuer (CUSIP: 92189f817) $5,259,222 0.64% 284,744 $280,104 Down ×6
Unknown issuer (CUSIP: 05534b760) $5,241,492 0.64% 243,677 $-864,745 Up ×4
IDA IDACORP, Inc. Common Stock $5,133,458 0.62% 33,929 $-17,608 Down ×6
SNOW Snowflake Inc. Common Stock $4,693,234 0.57% 18,441 $1,878,028 Down ×6
KNF Knife Riv Holding Co. Common Stock $4,514,674 0.55% 53,971 $73,567 Down ×6
WTS Watts Water Technologies, Inc. Class A Common Stock $4,432,780 0.54% 11,324 $1,174,275 Up ×1
AAPL Apple Inc. - Common Stock $4,197,746 0.51% 14,507 $555,098 Up ×1
HAL Halliburton Company Common Stock $4,172,727 0.51% 122,908 $971,336 Up ×1
Unknown issuer (CUSIP: 65336k103) $4,053,993 0.49% 22,700 $-105,097 Down ×6
Unknown issuer (CUSIP: 29446m102) $4,027,866 0.49% 128,276 $-1,464,844 Down ×1
Unknown issuer (CUSIP: 19247g107) $4,023,594 0.49% 10,200 $-895,442 Down ×6
LOW Lowe's Companies, Inc. Common Stock $4,001,636 0.49% 18,149 $-542,028 Down ×6
EA Electronic Arts Inc. - Common Stock $3,916,264 0.48% 19,100 $-110,168 Down ×5
EHC Encompass Health Corporation Common Stock $3,891,580 0.47% 38,500 $-16,312 Down ×1
Unknown issuer (CUSIP: 37733w204) $3,806,164 0.46% 72,609 $-201,182 Down ×6
Unknown issuer (CUSIP: 36828a101) $3,756,027 0.46% 3,197 $899,025 Down ×4
ABT Abbott Laboratories Common Stock $3,407,196 0.41% 37,549 $433,565 Up ×1
Unknown issuer (CUSIP: 91307c102) $3,402,692 0.41% 6,280 $-365,696 Down ×5
Unknown issuer (CUSIP: 438516205) $3,281,366 0.40% 14,655 Up ×1
MU Micron Technology, Inc. - Common Stock $3,272,412 0.40% 2,835 $2,306,190 Down ×2
BKH Black Hills Corporation Common Stock $3,238,037 0.39% 43,522 $-296,598 Down ×6
Unknown issuer (CUSIP: 43849R105) $3,237,717 0.39% 14,645 Up ×1
Unknown issuer (CUSIP: 04010e109) $3,060,842 0.37% 3,833 $973,199
Unknown issuer (CUSIP: 36266g107) $2,917,384 0.35% 45,577 $-300,664 Up ×1
PEG Public Service Enterprise Group Incorporated Common Stock $2,877,284 0.35% 35,452 $-62,982 Down ×6
YORW The York Water Company - Common Stock $2,849,684 0.35% 92,975 $1,721,512 Up ×1
SCHW Charles Schwab Corporation (The) Common Stock $2,823,001 0.34% 30,595 Up ×1
CCK Crown Holdings, Inc. $2,679,654 0.33% 23,964 $262,226 Down ×6
AZTA Azenta, Inc. - Common Stock $2,613,707 0.32% 102,418 $303,268 Down ×1
SO Southern Company (The) Common Stock $2,473,338 0.30% 25,842 $-24,600 Down ×2
Unknown issuer (CUSIP: 68389x105) $2,349,050 0.28% 16,029 $106,358 Up ×1
OTTR Otter Tail Corporation - Common Stock $2,289,991 0.28% 25,450 $56,245
LLY Eli Lilly and Company Common Stock $2,281,316 0.28% 1,902 $439,936 Down ×4
VEEV Veeva Systems Inc. Class A Common Stock $2,244,995 0.27% 12,650 Up ×1
WBS Webster Financial Corporation Common Stock $2,090,087 0.25% 27,350 $177,566 Down ×6
Unknown issuer (CUSIP: 83444m101) $1,966,399 0.24% 25,488 $311,175 Up ×1
SKBSY $1,923,376 0.23% 71,816 $-78,720 Down ×2
Unknown issuer (CUSIP: 00846u101) $1,796,526 0.22% 13,525 $254,947
STX Seagate Technology Holdings PLC - Ordinary Shares (Ireland) $1,792,970 0.22% 1,858 $1,004,357 Down ×1
Unknown issuer (CUSIP: 55405y100) $1,749,702 0.21% 4,600 $728,180
VNT Vontier Corporation Common Stock $1,691,309 0.21% 58,321 $-429,655 Down ×6
LITE Lumentum Holdings Inc. - Common Stock $1,658,630 0.20% 1,933 $300,195
BDX Becton, Dickinson and Company Common Stock $1,399,500 0.17% 9,248 $550,458 Up ×2
VWO $1,381,823 0.17% 23,150 $95,433 Down ×1
Unknown issuer (CUSIP: 60770k107) $1,369,157 0.17% 19,551 $376,017 Up ×1
Unknown issuer (CUSIP: 61945c103) $1,347,684 0.16% 63,600 $946,059 Up ×1
EXLS ExlService Holdings, Inc. - Common Stock $1,339,548 0.16% 51,800 Up ×1
Unknown issuer (CUSIP: 67066g104) $1,303,434 0.16% 6,514 $1,063,308 Up ×1
Unknown issuer (CUSIP: 94188p101) $1,238,576 0.15% 59,748 $134,275 Down ×2
Unknown issuer (CUSIP: 448811208) $1,223,212 0.15% 29,700 $-1,277

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
LNN $11,855,088 1.44% up ×3
None $8,380,350 1.02% up ×5
PFE $5,519,509 0.67% up ×4
None $5,241,492 0.64% up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
Unknown issuer (CUSIP: 30233Q108) $14,280,350 104,450 1.73%
JAZZ $7,878,032 32,693 0.96%
Unknown issuer (CUSIP: 438516205) $3,281,366 14,655 0.40%
Unknown issuer (CUSIP: 43849R105) $3,237,717 14,645 0.39%
SCHW $2,823,001 30,595 0.34%
VEEV $2,244,995 12,650 0.27%
EXLS $1,339,548 51,800 0.16%
Unknown issuer (CUSIP: 42704l104) $673,698 4,700 0.08%
AMD $533,957 919 0.06%
Unknown issuer (CUSIP: 30303m102) $430,917 765 0.05%
AMAT $361,500 500 0.04%
Unknown issuer (CUSIP: 67079k100) $324,972 32,400 0.04%
IAUXXXX $302,342 4,004 0.04%
TXN $295,387 991 0.04%
Unknown issuer (CUSIP: 57776j100) $256,060 2,000 0.03%

Top movers (QoQ)

Security Action Shares Δ Value Δ
GLW Trimmed -86K +$16.3M
— Trimmed -4K +$12.3M
TSM Trimmed -13K +$10.7M
INTC Trimmed -59K +$4.4M
MELI Bought more +2K +$3.9M
— Trimmed -2K +$3.2M
— Bought more +8K +$2.8M
EMR Trimmed -2K +$2.7M
TWLO Trimmed -600 +$2.6M
MU Trimmed -25 +$2.3M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
HON June 30, 2026 29,360 $6,636,241 -1.9%
LGTY June 30, 2025 410,145 $5,848,668 No longer tracked
SUM March 31, 2025 103,251 $5,224,501 No longer tracked
ALB June 30, 2025 67,733 $4,878,131 126.9%
SNDK March 31, 2026 16,655 $3,953,563 152.6%
BCV Sept. 30, 2025 82,913 $1,567,056 No longer tracked
STX June 30, 2025 15,888 $1,349,686 495.1%
PLNT June 30, 2026 17,650 $1,312,807 2.4%
BAX Dec. 31, 2025 52,834 $1,203,030 37.0%
VIAV March 31, 2025 104,250 $1,052,925 246.6%
ILMN June 30, 2026 6,125 $754,967 19.4%
TXN March 31, 2026 3,491 $605,654 36.5%
APH Sept. 30, 2025 5,775 $570,281 26.0%
LH March 31, 2026 2,210 $554,445 24.5%
MPC Sept. 30, 2025 2,463 $409,129 88.2%
PANW March 31, 2026 2,082 $383,504 114.6%
HLAN March 31, 2025 2,100 $329,700 No longer tracked
GABC March 31, 2026 8,190 $320,884 21.3%
ALB March 31, 2026 2,100 $297,024 -20.8%
MANH June 30, 2026 2,225 $296,192 49.0%
ADM March 31, 2025 5,200 $262,704 72.0%
FE March 31, 2026 5,400 $241,758 -7.5%
ROP March 31, 2026 490 $218,114 14.4%
PM Sept. 30, 2025 1,197 $218,010 17.0%
BSX March 31, 2025 2,391 $213,564 -51.0%
NVS March 31, 2026 1,530 $210,941 2.8%
APH June 30, 2026 1,654 $208,983 -11.6%
VTV March 31, 2026 1,090 $208,179 No longer tracked
FLR Sept. 30, 2025 4,000 $205,080 25.7%
JPM March 31, 2026 633 $203,867 20.8%
FTS March 31, 2025 4,900 $203,693 23.3%
BSX Sept. 30, 2025 1,874 $201,286 -49.4%
GT March 31, 2026 17,300 $151,548 -9.7%