# JOHN G ULLMAN & ASSOCIATES INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 919530. Source: https://holderbook.com/funds/919530-john-g-ullman-associates-inc/

- Reported value: $824.4M
- Positions: 181
- Weight of the ten largest: 35.3%
- Filed: 2026-08-11

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $59.7M | 233,865 | 7.2% | 31 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $51.5M | 107,860 | 6.2% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $37.2M | 316,593 | 4.5% | 31 |
| EMERSON ELEC CO | [EMR](https://holderbook.com/stocks/EMR/) | $35.5M | 248,310 | 4.3% | 31 |
| OGE ENERGY CORP | [OGE](https://holderbook.com/stocks/OGE/) | $22.3M | 458,935 | 2.7% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $21.2M | 56,147 | 2.6% | 26 |
| TE CONNECTIVITY PLC | [TEL](https://holderbook.com/stocks/TEL/) | $19.0M | 94,165 | 2.3% | 8 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $15.1M | 63,224 | 1.8% | 18 |
| BLOOM ENERGY CORP | [BE](https://holderbook.com/stocks/BE/) | $14.9M | 49,359 | 1.8% | 20 |
| ESSENTIAL UTILS INC | [WTRG](https://holderbook.com/stocks/WTRG/) | $14.6M | 380,232 | 1.8% | 9 |
| EXXONMOBIL HOLDINGS CORP COM SHS | [XOM](https://holderbook.com/stocks/XOM/) | $14.3M | 104,450 | 1.7% | 1 |
| DOMINION ENERGY INC | [D](https://holderbook.com/stocks/D/) | $13.5M | 197,146 | 1.6% | 10 |
| EVERSOURCE ENERGY | [ES](https://holderbook.com/stocks/ES/) | $13.3M | 183,791 | 1.6% | 13 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $13.0M | 148,559 | 1.6% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $12.4M | 44,270 | 1.5% | 31 |
| SLB LIMITED | [SLB](https://holderbook.com/stocks/SLB/) | $12.4M | 266,070 | 1.5% | 23 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $12.1M | 94,029 | 1.5% | 31 |
| LINDSAY CORP | [LNN](https://holderbook.com/stocks/LNN/) | $11.9M | 95,760 | 1.4% | 31 |
| GENERAC HLDGS INC | [GNRC](https://holderbook.com/stocks/GNRC/) | $11.6M | 39,595 | 1.4% | 17 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $10.8M | 29,080 | 1.3% | 31 |
| PORTLAND GEN ELEC CO | [POR](https://holderbook.com/stocks/POR/) | $10.5M | 202,882 | 1.3% | 23 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $10.3M | 73,999 | 1.3% | 31 |
| ASTEC INDS INC | [ASTE](https://holderbook.com/stocks/ASTE/) | $9.2M | 150,165 | 1.1% | 31 |
| FLOWSERVE CORP | [FLS](https://holderbook.com/stocks/FLS/) | $9.2M | 123,725 | 1.1% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $9.0M | 93,007 | 1.1% | 31 |
| EAGLE MATLS INC | [EXP](https://holderbook.com/stocks/EXP/) | $8.4M | 37,246 | 1.0% | 6 |
| CACI INTL INC | [CACI](https://holderbook.com/stocks/CACI/) | $8.3M | 17,924 | 1.0% | 24 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $8.2M | 142,903 | 1.0% | 31 |
| GRANITE CONSTR INC | [GVA](https://holderbook.com/stocks/GVA/) | $8.1M | 51,355 | 1.0% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $8.1M | 22,620 | 1.0% | 11 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $8.0M | 12,491 | 1.0% | 16 |
| JAZZ PHARMACEUTICALS PLC | [JAZZ](https://holderbook.com/stocks/JAZZ/) | $7.9M | 32,693 | 1.0% | 10 |
| EVERUS CONSTR GROUP | [ECG](https://holderbook.com/stocks/ECG/) | $7.9M | 47,304 | 1.0% | 7 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $7.8M | 147,291 | 0.9% | 7 |
| GORMAN RUPP CO | [GRC](https://holderbook.com/stocks/GRC/) | $7.8M | 85,045 | 0.9% | 23 |
| MDU RES GROUP INC | [MDU](https://holderbook.com/stocks/MDU/) | $7.6M | 358,848 | 0.9% | 31 |
| TWILIO INC | [TWLO](https://holderbook.com/stocks/TWLO/) | $7.0M | 33,766 | 0.8% | 4 |
| MERCADOLIBRE INC | [MELI](https://holderbook.com/stocks/MELI/) | $6.8M | 4,000 | 0.8% | 2 |
| ITRON INC | [ITRI](https://holderbook.com/stocks/ITRI/) | $6.7M | 77,731 | 0.8% | 25 |
| VULCAN MATLS CO | [VMC](https://holderbook.com/stocks/VMC/) | $6.7M | 22,600 | 0.8% | 8 |
| STATE STR CORP | [STT](https://holderbook.com/stocks/STT/) | $6.6M | 38,988 | 0.8% | 20 |
| TOMPKINS FINL CORP | [TMP](https://holderbook.com/stocks/TMP/) | $6.4M | 67,932 | 0.8% | 25 |
| NEW JERSEY RES CORP | [NJR](https://holderbook.com/stocks/NJR/) | $6.2M | 109,960 | 0.7% | 23 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $5.9M | 16,688 | 0.7% | 11 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $5.8M | 11,725 | 0.7% | 23 |
| SYSCO CORP | [SYY](https://holderbook.com/stocks/SYY/) | $5.7M | 67,847 | 0.7% | 15 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $5.6M | 11,198 | 0.7% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $5.5M | 229,216 | 0.7% | 31 |
| KEURIG DR PEPPER INC | [KDP](https://holderbook.com/stocks/KDP/) | $5.3M | 162,534 | 0.6% | 3 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $5.3M | 7,728 | 0.6% | 31 |
| VANECK ETF TRUST | [VNM](https://holderbook.com/stocks/VNM/) | $5.3M | 284,744 | 0.6% | 28 |
| BCE INC | [BCE](https://holderbook.com/stocks/BCE/) | $5.2M | 243,677 | 0.6% | 31 |
| IDACORP INC | [IDA](https://holderbook.com/stocks/IDA/) | $5.1M | 33,929 | 0.6% | 31 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $4.7M | 18,441 | 0.6% | 17 |
| KNIFE RIVER CORP | [KNF](https://holderbook.com/stocks/KNF/) | $4.5M | 53,971 | 0.5% | 13 |
| WATTS WATER TECHNOLOGIES INC | [WTS](https://holderbook.com/stocks/WTS/) | $4.4M | 11,324 | 0.5% | 25 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $4.2M | 14,507 | 0.5% | 31 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $4.2M | 122,908 | 0.5% | 23 |
| NEXSTAR MEDIA GROUP INC | [NXST](https://holderbook.com/stocks/NXST/) | $4.1M | 22,700 | 0.5% | 25 |
| EQUINOR ASA | [EQNR](https://holderbook.com/stocks/EQNR/) | $4.0M | 128,276 | 0.5% | 17 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $4.0M | 10,200 | 0.5% | 16 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $4.0M | 18,149 | 0.5% | 11 |
| ELECTRONIC ARTS INC | [EA](https://holderbook.com/stocks/EA/) | $3.9M | 19,100 | 0.5% | 20 |
| ENCOMPASS HEALTH CORP | [EHC](https://holderbook.com/stocks/EHC/) | $3.9M | 38,500 | 0.5% | 7 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $3.8M | 72,609 | 0.5% | 16 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $3.8M | 3,197 | 0.5% | 9 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $3.4M | 37,549 | 0.4% | 31 |
| UNITED THERAPEUTICS CORP DEL | [UTHR](https://holderbook.com/stocks/UTHR/) | $3.4M | 6,280 | 0.4% | 14 |
| HONEYWELL INTL INC | [HON](https://holderbook.com/stocks/HON/) | $3.3M | 14,655 | 0.4% | 1 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $3.3M | 2,835 | 0.4% | 15 |
| BLACK HILLS CORP | [BKH](https://holderbook.com/stocks/BKH/) | $3.2M | 43,522 | 0.4% | 23 |
| HONEYWELL AEROSPACE INC | [HONA](https://holderbook.com/stocks/HONA/) | $3.2M | 14,645 | 0.4% | 1 |
| ARGAN INC | [AGX](https://holderbook.com/stocks/AGX/) | $3.1M | 3,833 | 0.4% | 31 |
| GE HEALTHCARE TECHNOLOGIES I | [GEHC](https://holderbook.com/stocks/GEHC/) | $2.9M | 45,577 | 0.4% | 14 |
| PUBLIC SVC ENTERPRISE GROUP | [PEG](https://holderbook.com/stocks/PEG/) | $2.9M | 35,452 | 0.3% | 31 |
| YORK WTR CO | [YORW](https://holderbook.com/stocks/YORW/) | $2.8M | 92,975 | 0.3% | 3 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $2.8M | 30,595 | 0.3% | 1 |
| CROWN HLDGS INC | [CCK](https://holderbook.com/stocks/CCK/) | $2.7M | 23,964 | 0.3% | 27 |
| AZENTA INC | [AZTA](https://holderbook.com/stocks/AZTA/) | $2.6M | 102,418 | 0.3% | 31 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $2.5M | 25,842 | 0.3% | 24 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $2.3M | 16,029 | 0.3% | 25 |
| OTTER TAIL CORP | [OTTR](https://holderbook.com/stocks/OTTR/) | $2.3M | 25,450 | 0.3% | 8 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.3M | 1,902 | 0.3% | 31 |
| VEEVA SYS INC | [VEEV](https://holderbook.com/stocks/VEEV/) | $2.2M | 12,650 | 0.3% | 1 |
| WEBSTER FINL CORP | [WBS](https://holderbook.com/stocks/WBS/) | $2.1M | 27,350 | 0.3% | 13 |
| SOLVENTUM CORP | [SOLV](https://holderbook.com/stocks/SOLV/) | $2.0M | 25,488 | 0.2% | 9 |
| SKANSKA AB FSPONSORED ADR | [SKBSY](https://holderbook.com/stocks/SKBSY/) | $1.9M | 71,816 | 0.2% | 15 |
| AGILENT TECHNOLOGIES INC | [A](https://holderbook.com/stocks/A/) | $1.8M | 13,525 | 0.2% | 26 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $1.8M | 1,858 | 0.2% | 4 |
| MACOM TECH SOLUTIONS HLDGS I | [MTSI](https://holderbook.com/stocks/MTSI/) | $1.7M | 4,600 | 0.2% | 28 |
| VONTIER CORPORATION | [VNT](https://holderbook.com/stocks/VNT/) | $1.7M | 58,321 | 0.2% | 16 |
| LUMENTUM HLDGS INC | [LITE](https://holderbook.com/stocks/LITE/) | $1.7M | 1,933 | 0.2% | 30 |
| BECTON DICKINSON & CO | [BDX](https://holderbook.com/stocks/BDX/) | $1.4M | 9,248 | 0.2% | 8 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.4M | 23,150 | 0.2% | 12 |
| MODERNA INC | [MRNA](https://holderbook.com/stocks/MRNA/) | $1.4M | 19,551 | 0.2% | 13 |
| MOSAIC CO | [MOS](https://holderbook.com/stocks/MOS/) | $1.3M | 63,600 | 0.2% | 2 |
| EXLSERVICE HLDGS INC | [EXLS](https://holderbook.com/stocks/EXLS/) | $1.3M | 51,800 | 0.2% | 1 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $1.3M | 6,514 | 0.2% | 3 |
| WATERSTONE FINL INC MD | [WSBF](https://holderbook.com/stocks/WSBF/) | $1.2M | 59,748 | 0.2% | 14 |
| HYDRO ONE LTD | - | $1.2M | 29,700 | 0.1% | 23 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +21.3% | +14.8% | +6.5% | 100% |
| Q1 2026 | +8.9% | -4.6% | +13.5% | 100% |
| Q4 2025 | +5.2% | +2.4% | +2.9% | 100% |
| Q3 2025 | +13.6% | +7.8% | +5.7% | 100% |
| Q2 2025 | +9.6% | +10.5% | -0.9% | 99% |
| Q1 2025 | -4.1% | -4.6% | +0.5% | 99% |
| Q4 2024 | +1.1% | +2.1% | -1.1% | 99% |
| Q3 2024 | +7.6% | +5.4% | +2.2% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $824.4M | 181 |
| Q1 2026 | $754.3M | 174 |
| Q4 2025 | $750.0M | 179 |
| Q3 2025 | $742.7M | 173 |
| Q2 2025 | $673.8M | 174 |
| Q1 2025 | $648.4M | 170 |
| Q4 2024 | $679.6M | 172 |
| Q3 2024 | $695.5M | 179 |
| Q2 2024 | $655.5M | 179 |
| Q1 2024 | $651.8M | 174 |
| Q4 2023 | $630.5M | 169 |
| Q3 2023 | $611.3M | 173 |