Q3 2025 · 13F-HR
JOHN G ULLMAN & ASSOCIATES INCholdings as filed
Filed 2025-11-05 · accession 0000919530-25-000006
$742.7M
Reported value
173
Positions
2025-09-30
Period end
The Brief · JOHN G ULLMAN & ASSOCIATES INC · Q3 2025
AI · grounded in 13F
JOHN G ULLMAN & ASSOCIATES INC established a new position in TSM valued at $37.8M. The fund also initiated new stakes in EMR for $36.9M and GLW for $33.6M. Other new additions include Broadcom Inc at $27M and OGE at $23.5M. The fund ended the period with 173 positions and total AUM of $742.7M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 874039100 | TSM | TAIWAN SEMICONDUCTOR M F SPONS | $37.8M | 5.09% | 135,335 | Common | NONE |
| 291011104 | EMR | EMERSON ELEC CO | $36.9M | 4.97% | 281,602 | Common | NONE |
| 219350105 | GLW | CORNING INC | $33.6M | 4.52% | 409,169 | Common | NONE |
| 11135f101 | — | BROADCOM INC | $27.0M | 3.64% | 81,921 | Common | NONE |
| 670837103 | OGE | OGE ENERGY CORP | $23.5M | 3.17% | 508,249 | Common | NONE |
| 17275r102 | — | CISCO SYSTEMS INC | $22.9M | 3.08% | 334,215 | Common | NONE |
| g87052109 | — | TE CONNECTIVITY PLC F | $22.4M | 3.02% | 102,219 | Common | NONE |
| 459200101 | IBM | IBM CORP | $19.2M | 2.58% | 68,020 | Common | NONE |
| 093712107 | BE | BLOOM ENERGY CORP CLASS A | $19.0M | 2.56% | 225,183 | Common | NONE |
| 29670g102 | — | ESSENTIAL UTILS INC | $18.6M | 2.50% | 464,925 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $16.6M | 2.23% | 31,959 | Common | NONE |
| 023135106 | AMZN | AMAZON.COM INC | $15.0M | 2.01% | 68,089 | Common | NONE |
| 30231g102 | — | EXXON MOBIL CORP | $12.0M | 1.62% | 106,789 | Common | NONE |
| 65339f101 | — | NEXTERA ENERGY INC | $11.8M | 1.59% | 156,653 | Common | NONE |
| 30040w108 | — | EVERSOURCE ENERGY | $11.6M | 1.56% | 162,925 | Common | NONE |
| 25746u109 | — | DOMINION ENERGY INC | $11.0M | 1.49% | 180,488 | Common | NONE |
| 03027x100 | — | AMERICAN TOWER CORP NEW REIT | $10.9M | 1.47% | 56,718 | Common | NONE |
| 127190304 | CACI | CACI INTL INC CLASS A | $9.9M | 1.34% | 19,899 | Common | NONE |
| 368736104 | GNRC | GENERAC HLDGS INC | $9.7M | 1.30% | 57,875 | Common | NONE |
| 736508847 | POR | PORTLAND GENERAL ELECTRIC CO | $9.7M | 1.30% | 219,834 | Common | NONE |
| 806857108 | SLB | SCHLUMBERGER LTD F | $9.5M | 1.27% | 275,120 | Common | NONE |
| 958102105 | WDC | WESTERN DIGITAL CORP | $9.1M | 1.23% | 76,058 | Common | NONE |
| 046224101 | ASTE | ASTEC INDUSTRIES INC | $8.7M | 1.17% | 180,276 | Common | NONE |
| 254687106 | DIS | DISNEY WALT CO | $8.6M | 1.15% | 74,844 | Common | NONE |
| 387328107 | GVA | GRANITE CONSTR INC | $8.5M | 1.15% | 77,630 | Common | NONE |
| 58933y105 | — | MERCK & CO. INC. | $8.3M | 1.12% | 98,706 | Common | NONE |
| 535555106 | LNN | LINDSAY CORP | $8.1M | 1.10% | 57,975 | Common | NONE |
| 26884l109 | — | EQT CORP | $7.8M | 1.05% | 143,850 | Common | NONE |
| 929160109 | VMC | VULCAN MATLS CO | $7.8M | 1.05% | 25,350 | Common | NONE |
| 34354p105 | — | FLOWSERVE CORP | $7.5M | 1.01% | 141,150 | Common | NONE |
| 465741106 | ITRI | ITRON INC | $7.2M | 0.97% | 58,005 | Common | NONE |
| 552690109 | MDU | M D U RESOURCES GRP | $7.0M | 0.94% | 391,720 | Common | NONE |
| 300426103 | ECG | EVERUS CONSTRUCTION GROUP ORD | $6.9M | 0.93% | 80,947 | Common | NONE |
| 110122108 | BMY | BRISTOL-MYERS SQUIBB | $6.9M | 0.92% | 152,108 | Common | NONE |
| 438516106 | HON | HONEYWELL INTL INC | $6.3M | 0.85% | 29,961 | Common | NONE |
| 55024U109 | LITE | LUMENTUM HOLDINGS INC | $6.1M | 0.83% | 37,673 | Common | NONE |
| 458140100 | INTC | INTEL CORP | $6.1M | 0.82% | 181,809 | Common | NONE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC | $5.9M | 0.79% | 12,090 | Common | NONE |
| 646025106 | NJR | NEW JERSEY RES CORP | $5.8M | 0.78% | 120,994 | Common | NONE |
| 871829107 | SYY | SYSCO CORP | $5.8M | 0.78% | 70,218 | Common | NONE |
| 26969p108 | — | EAGLE MATLS INC | $5.7M | 0.77% | 24,500 | Common | NONE |
| 890110109 | TMP | TOMPKINS FINL CORP | $5.6M | 0.76% | 84,843 | Common | NONE |
| 65336k103 | — | NEXSTAR MEDIA GROUP INC | $5.4M | 0.73% | 27,475 | Common | NONE |
| 02079k305 | — | ALPHABET INC CLASS A | $5.4M | 0.73% | 22,323 | Common | NONE |
| 92189f817 | — | VANECK VIETNAM ETF | $5.3M | 0.72% | 299,674 | Common | NONE |
| 383082104 | GRC | GORMAN RUPP CO CLASS EQUITY | $5.3M | 0.72% | 114,931 | Common | NONE |
| 548661107 | LOW | LOWES COS INC | $5.1M | 0.68% | 20,230 | Common | NONE |
| 451107106 | IDA | IDACORP INC | $5.1M | 0.68% | 38,379 | Common | NONE |
| 857477103 | STT | STATE STR CORP | $4.9M | 0.67% | 42,593 | Common | NONE |
| 337738108 | FISV | FISERV INC | $4.9M | 0.66% | 37,971 | Common | NONE |
| g50871105 | — | JAZZ PHARMACEUTICALS P F | $4.7M | 0.63% | 35,375 | Common | NONE |
| 833445109 | SNOW | SNOWFLAKE INC CLASS A | $4.5M | 0.61% | 20,066 | Common | NONE |
| 498894104 | KNF | KNIFE RIVER ORD | $4.5M | 0.60% | 57,942 | Common | NONE |
| 68389x105 | — | ORACLE CORP | $4.4M | 0.59% | 15,620 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $4.3M | 0.58% | 17,058 | Common | NONE |
| 285512109 | EA | ELECTRONIC ARTS INC | $4.3M | 0.58% | 21,175 | Common | NONE |
| 922908363 | VOO | VANGUARD S&P 500 ETF | $4.2M | 0.56% | 6,837 | Common | NONE |
| 02079k107 | — | ALPHABET INC CLASS C | $4.1M | 0.56% | 16,973 | Common | NONE |
| 19247g107 | — | COHERENT CORP | $4.1M | 0.55% | 37,750 | Common | NONE |
| 002824100 | ABT | ABBOTT LABS | $4.1M | 0.55% | 30,238 | Common | NONE |
| 717081103 | PFE | PFIZER INC | $3.9M | 0.52% | 152,598 | Common | NONE |
| 36266g107 | — | GE HEALTHCARE TECHNOLOGI | $3.6M | 0.49% | 48,070 | Common | NONE |
| 29261A100 | EHC | ENCOMPASS HEALTH CORP | $3.6M | 0.48% | 28,300 | Common | NONE |
| 37733w204 | — | GSK PLC ADR F SPONSORED ADR 1 | $3.5M | 0.47% | 80,960 | Common | NONE |
| 942749102 | WTS | WATTS WATER TECHNOLOGIES CLASS | $3.3M | 0.44% | 11,700 | Common | NONE |
| 092113109 | BKH | BLACK HILLS CORP | $3.2M | 0.43% | 52,291 | Common | NONE |
| 744573106 | PEG | PUBLIC SVC ENTERPRISE GR | $3.2M | 0.43% | 38,222 | Common | NONE |
| 80004C200 | SNDK | SANDISK CORP SNDK | $3.2M | 0.43% | 28,188 | Common | NONE |
| 91307c102 | — | UNITED THERAPEUTICS CORP | $3.0M | 0.40% | 7,080 | Common | NONE |
| 05534b760 | — | BCE INC F | $2.9M | 0.39% | 125,143 | Common | NONE |
| 79466l302 | — | SALESFORCE INC | $2.9M | 0.39% | 12,175 | Common | NONE |
| 70450y103 | — | PAYPAL HLDGS INC | $2.7M | 0.36% | 39,530 | Common | NONE |
| 928881101 | VNT | VONTIER CORP | $2.6M | 0.35% | 61,421 | Common | NONE |
| 031162100 | AMGN | AMGEN INC | $2.5M | 0.34% | 9,000 | Common | NONE |
| 228368106 | CCK | CROWN HLDGS INC | $2.5M | 0.33% | 25,739 | Common | NONE |
| 842587107 | SO | SOUTHERN CO | $2.5M | 0.33% | 25,980 | Common | NONE |
| 171779309 | CIEN | CIENA CORP | $2.4M | 0.33% | 16,700 | Common | NONE |
| 00724f101 | — | ADOBE INC | $2.3M | 0.31% | 6,510 | Common | NONE |
| 36828a101 | — | GE VERNOVA INC | $2.2M | 0.30% | 3,639 | Common | NONE |
| 98956p102 | — | ZIMMER BIOMET HLDGS INC | $2.2M | 0.30% | 22,700 | Common | NONE |
| 00846u101 | — | AGILENT TECHNOLOGIES INC | $2.2M | 0.30% | 17,075 | Common | NONE |
| 532457108 | LLY | ELI LILLY AND CO | $2.2M | 0.29% | 2,842 | Common | NONE |
| 83444m101 | — | SOLVENTUM CORP | $2.0M | 0.27% | 27,898 | Common | NONE |
| 29446m102 | — | EQUINOR ASA F SPONSORED ADR 1 | $2.0M | 0.27% | 81,159 | Common | NONE |
| 90138F102 | TWLO | TWILIO CL A ORD | $2.0M | 0.27% | 19,741 | Common | NONE |
| 406216101 | HAL | HALLIBURTON CO | $2.0M | 0.26% | 79,708 | Common | NONE |
| 830561205 | SKBSY | SKANSKA AB F SPONSORED ADR 1 A | $1.9M | 0.25% | 72,766 | Common | NONE |
| 689648103 | OTTR | OTTER TAIL CORP | $1.7M | 0.23% | 20,650 | Common | NONE |
| 947890109 | WBS | WEBSTER FINL CORP | $1.7M | 0.22% | 27,850 | Common | NONE |
| 114340102 | AZTA | AZENTA INC | $1.5M | 0.20% | 52,618 | Common | NONE |
| 922042858 | VWO | VANGUARD FTSE EMERGING MARKETS | $1.4M | 0.18% | 25,200 | Common | NONE |
| 071813109 | BAX | BAXTER INTL INC | $1.2M | 0.16% | 52,834 | Common | NONE |
| 04010e109 | — | ARGAN INC | $1.1M | 0.15% | 4,100 | Common | NONE |
| 75886f107 | — | REGENERON PHARMS INC | $1.1M | 0.15% | 1,955 | Common | NONE |
| 448811208 | HRNNF | HYDRO ONE LTD F | $1.1M | 0.14% | 29,700 | Common | NONE |
| 166764100 | CVX | CHEVRON CORP NEW | $995,549 | 0.13% | 6,411 | Common | NONE |
| 26942g100 | — | EAGLE BANCORP MONT INC | $986,721 | 0.13% | 57,135 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY CLASS B | $944,648 | 0.13% | 1,879 | Common | NONE |
| g51502105 | — | JOHNSON CONTROLS INTER F | $904,229 | 0.12% | 8,224 | Common | NONE |
| 94188p101 | — | WATERSTONE FINL INC MD | $881,369 | 0.12% | 56,498 | Common | NONE |
| 075887109 | BDX | BECTON DICKINSON & CO | $846,570 | 0.11% | 4,523 | Common | NONE |
| 21037t109 | — | CONSTELLATION ENERGY COR | $811,157 | 0.11% | 2,465 | Common | NONE |
| 780259305 | SHEL | SHELL PLC F SPONSORED ADR 1 AD | $793,983 | 0.11% | 11,100 | Common | NONE |
| 26441c204 | — | DUKE ENERGY CORP NEW | $792,371 | 0.11% | 6,403 | Common | NONE |
| 375558103 | GILD | GILEAD SCIENCES INC | $776,405 | 0.10% | 6,995 | Common | NONE |
| 74930b105 | — | RBB BANCORP | $766,346 | 0.10% | 40,850 | Common | NONE |
| 018802108 | LNT | ALLIANT ENERGY CORP | $761,733 | 0.10% | 11,300 | Common | NONE |
| 290876101 | EMA | EMERA INC F | $757,878 | 0.10% | 15,800 | Common | NONE |
| 055622104 | BP | BP P L C F SPONSORED ADR 1 ADR | $756,397 | 0.10% | 21,950 | Common | NONE |
| 831865209 | AOS | SMITH A O CORP | $712,077 | 0.10% | 9,700 | Common | NONE |
| 55405y100 | — | MACOM TECHNOLOGY SOLUTIO | $709,593 | 0.10% | 5,700 | Common | NONE |
| G3265R107 | APTV | APTIV PLC F | $702,693 | 0.09% | 8,150 | Common | NONE |
| 00091g104 | — | ACV AUCTIONS INC CLASS A | $656,874 | 0.09% | 66,284 | Common | NONE |
| 89147l886 | — | TORTOISE ENERGY INFRASTR | $656,735 | 0.09% | 15,241 | Common | NONE |
| 882508104 | TXN | TEXAS INSTRS INC | $641,401 | 0.09% | 3,491 | Common | NONE |
| 504922105 | LH | LABCORP HLDGS INC | $634,403 | 0.09% | 2,210 | Common | NONE |
| 81369y886 | — | SELECT SECTOR UTI SELECT SPDR | $615,441 | 0.08% | 7,057 | Common | NONE |
| 60770k107 | — | MODERNA INC | $613,462 | 0.08% | 23,750 | Common | NONE |
| 452327109 | ILMN | ILLUMINA INC | $612,556 | 0.08% | 6,450 | Common | NONE |
| 88579y101 | — | 3M CO | $605,202 | 0.08% | 3,900 | Common | NONE |
| 405024100 | HAE | HAEMONETICS | $582,443 | 0.08% | 11,950 | Common | NONE |
| 452308109 | ITW | ILLINOIS TOOL WKS INC | $573,672 | 0.08% | 2,200 | Common | NONE |
| 88076w103 | — | TERADATA CORP DEL | $563,562 | 0.08% | 26,200 | Common | NONE |
| 319383204 | BUSE | FIRST BUSEY ORD | $530,436 | 0.07% | 22,913 | Common | NONE |
| 718546104 | PSX | PHILLIPS 66 | $523,677 | 0.07% | 3,850 | Common | NONE |
| 353514102 | FELE | FRANKLIN ELEC INC | $514,080 | 0.07% | 5,400 | Common | NONE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $495,769 | 0.07% | 2,963 | Common | NONE |
| 172755100 | CRUS | CIRRUS LOGIC INC | $488,631 | 0.07% | 3,900 | Common | NONE |
| 675234108 | OCFC | OCEANFIRST FINL CORP | $474,390 | 0.06% | 27,000 | Common | NONE |
| 001084102 | AGCO | AGCO CORP DEL | $460,401 | 0.06% | 4,300 | Common | NONE |
| 922908769 | VTI | VANGUARD TOTAL STOCK MARKET ET | $444,342 | 0.06% | 1,354 | Common | NONE |
| 369604301 | GE | GE AEROSPACE | $436,791 | 0.06% | 1,452 | Common | NONE |
| 697435105 | PANW | PALO ALTO NETWORKS INC | $423,937 | 0.06% | 2,082 | Common | NONE |
| 98419m100 | — | XYLEM INC | $417,425 | 0.06% | 2,830 | Common | NONE |
| 191216100 | KO | THE COCA-COLA CO | $412,643 | 0.06% | 6,222 | Common | NONE |
| 45073v108 | — | ITT INC | $410,254 | 0.06% | 2,295 | Common | NONE |
| 015857105 | AQN | ALGONQUIN PWR & UTILS F | $399,259 | 0.05% | 74,350 | Common | NONE |
| 824348106 | SHW | SHERWIN-WILLIAMS CO | $398,199 | 0.05% | 1,150 | Common | NONE |
| 66987V109 | NVS | NOVARTIS AG | $382,155 | 0.05% | 2,980 | Common | NONE |
| 025537101 | AEP | AMERICAN ELEC PWR CO INC | $381,375 | 0.05% | 3,390 | Common | NONE |
| 46266c105 | — | IQVIA HLDGS INC | $360,886 | 0.05% | 1,900 | Common | NONE |
| 633067103 | NTIOF | NATIONAL BANK OF CANADA ORD | $353,579 | 0.05% | 3,330 | Common | NONE |
| 464286533 | EEMV | ISHS MSCI EMERG MRKT MIN VOL F | $338,299 | 0.05% | 5,300 | Common | NONE |
| 92204A702 | VGT | VANGUARD INFORMATION TECHNOLOG | $332,250 | 0.04% | 445 | Common | NONE |
| 901109108 | TPC | TUTOR PERINI CORP | $327,950 | 0.04% | 5,000 | Common | NONE |
| g29183103 | — | EATON CORP PLC F | $324,849 | 0.04% | 868 | Common | NONE |
| 373865104 | GABC | GERMAN AMERICAN BANCORP ORD | $321,621 | 0.04% | 8,190 | Common | NONE |
| 669549107 | NWFL | NORWOOD FINL CORP | $320,292 | 0.04% | 12,600 | Common | NONE |
| G7997R103 | STX | SEAGATE TECHNOLOGY HOLDINGS | $315,848 | 0.04% | 1,338 | Common | NONE |
| 37045v100 | — | GENERAL MTRS CO | $307,898 | 0.04% | 5,050 | Common | NONE |
| 24906p109 | — | DENTSPLY SIRONA INC | $300,753 | 0.04% | 23,700 | Common | NONE |
| 12626K203 | — | CRH ADR REPSG 1 ORD | $299,750 | 0.04% | 2,500 | Common | NONE |
| 46137v142 | — | INVSC WATER RESC PORTFOLIO ETF | $282,671 | 0.04% | 3,920 | Common | NONE |
| 92939u106 | — | WEC ENERGY GROUP INC | $282,579 | 0.04% | 2,466 | Common | NONE |
| 78464a698 | — | SPDR S&P REGIONAL BANKING ETF | $272,190 | 0.04% | 4,300 | Common | NONE |
| 337932107 | FE | FIRSTENERGY CORP | $247,428 | 0.03% | 5,400 | Common | NONE |
| 464287556 | IBB | ISHARES BIOTECHNOLOGY ETF | $245,429 | 0.03% | 1,700 | Common | NONE |
| 776696106 | ROP | ROPER TECHNOLOGIES INC | $244,358 | 0.03% | 490 | Common | NONE |
| 00287y109 | — | ABBVIE INC | $244,275 | 0.03% | 1,055 | Common | NONE |
| 30303m102 | — | META PLATFORMS INC CLASS A | $231,330 | 0.03% | 315 | Common | NONE |
| 46090e103 | — | INVSC QQQ TRUST SRS 1 ETF | $227,540 | 0.03% | 379 | Common | NONE |
| 771195104 | RHHBY | ROCHE HLDG LTD F SPONSORED ADR | $221,593 | 0.03% | 5,300 | Common | NONE |
| 31609A206 | FESM | FIDELITY ENHANCED SMALL CAP ET | $213,765 | 0.03% | 5,847 | Common | NONE |
| 74834l100 | — | QUEST DIAGNOSTICS INC | $212,306 | 0.03% | 1,114 | Common | NONE |
| 38141g104 | — | GOLDMAN SACHS GROUP INC | $211,033 | 0.03% | 265 | Common | NONE |
| 46137v357 | — | INVSC S P 500 EQUAL WEIGHT ETF | $210,377 | 0.03% | 1,109 | Common | NONE |
| 592835102 | MXF | MEXICO FUND INC | $208,820 | 0.03% | 10,600 | Common | NONE |
| 92343v104 | — | VERIZON COMMUNICATIONS I | $207,971 | 0.03% | 4,732 | Common | NONE |
| 05352a100 | — | AVANTOR INC | $203,424 | 0.03% | 16,300 | Common | NONE |
| 922908744 | VTV | VANGUARD VALUE ETF | $203,274 | 0.03% | 1,090 | Common | NONE |
| 03074a102 | — | AMERISERV FINL INC | $189,036 | 0.03% | 65,185 | Common | NONE |
| 382550101 | GT | GOODYEAR TIRE & RUBR CO | $136,884 | 0.02% | 18,300 | Common | NONE |
| 05337L304 | AVLNF | AVALON ADVANCED MATERIALS INC | $527 | 0.00% | 18,750 | Common | NONE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.