Q4 2025 · 13F-HR
JOHN G ULLMAN & ASSOCIATES INCholdings as filed
Filed 2026-02-05 · accession 0000919530-26-000001
$750.0M
Reported value
179
Positions
2025-12-31
Period end
The Brief · JOHN G ULLMAN & ASSOCIATES INC · Q4 2025
AI · grounded in 13F
JOHN G ULLMAN & ASSOCIATES INC established a new position in Keurig Dr Pepper Inc KDP valued at $4.44M. The fund also opened a new stake in Manhattan Associates Ord MANH for $2.11M and increased its holding in BCE INC F by 86.45%. On the sell side, the fund reduced its position in Lumentum Holdings Inc LITE by 84.71% and trimmed its stake in Fiserv Inc FISV by 80.38%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 874039100 | TSM | TAIWAN SEMICONDUCTOR M F SPONS | $38.6M | 5.15% | 127,067 | Common | NONE |
| 291011104 | EMR | EMERSON ELEC CO | $36.8M | 4.91% | 277,441 | Common | NONE |
| 219350105 | GLW | CORNING INC | $33.6M | 4.48% | 383,531 | Common | NONE |
| 17275r102 | — | CISCO SYSTEMS INC | $25.4M | 3.39% | 329,810 | Common | NONE |
| g87052109 | — | TE CONNECTIVITY PLC F | $22.5M | 3.00% | 98,817 | Common | NONE |
| 11135f101 | — | BROADCOM INC | $21.6M | 2.88% | 62,445 | Common | NONE |
| 670837103 | OGE | OGE ENERGY CORP | $21.3M | 2.84% | 499,099 | Common | NONE |
| 29670g102 | — | ESSENTIAL UTILS INC | $15.6M | 2.07% | 405,450 | Common | NONE |
| 023135106 | AMZN | AMAZON.COM INC | $15.5M | 2.07% | 67,287 | Common | NONE |
| 594918104 | MSFT | MICROSOFT CORP | $15.1M | 2.02% | 31,311 | Common | NONE |
| 459200101 | IBM | IBM CORP | $14.4M | 1.92% | 48,695 | Common | NONE |
| 30040w108 | — | EVERSOURCE ENERGY | $13.1M | 1.75% | 194,800 | Common | NONE |
| 30231g102 | — | EXXON MOBIL CORP | $12.7M | 1.69% | 105,167 | Common | NONE |
| 65339f101 | — | NEXTERA ENERGY INC | $12.4M | 1.65% | 154,553 | Common | NONE |
| 093712107 | BE | BLOOM ENERGY CORP CLASS A | $11.5M | 1.54% | 132,775 | Common | NONE |
| 25746u109 | — | DOMINION ENERGY INC | $11.3M | 1.51% | 193,488 | Common | NONE |
| 958102105 | WDC | WESTERN DIGITAL CORP | $11.1M | 1.48% | 64,308 | Common | NONE |
| 03027x100 | — | AMERICAN TOWER CORP NEW REIT | $10.7M | 1.43% | 61,218 | Common | NONE |
| 58933y105 | — | MERCK & CO. INC. | $10.7M | 1.42% | 101,322 | Common | NONE |
| 736508847 | POR | PORTLAND GENERAL ELECTRIC CO | $10.5M | 1.39% | 217,784 | Common | NONE |
| 806857108 | SLB | SCHLUMBERGER LTD F | $10.4M | 1.38% | 270,620 | Common | NONE |
| 127190304 | CACI | CACI INTL INC CLASS A | $10.1M | 1.34% | 18,924 | Common | NONE |
| 535555106 | LNN | LINDSAY CORP | $9.7M | 1.29% | 82,300 | Common | NONE |
| 34354p105 | — | FLOWSERVE CORP | $9.6M | 1.28% | 138,300 | Common | NONE |
| 387328107 | GVA | GRANITE CONSTR INC | $8.7M | 1.16% | 75,105 | Common | NONE |
| 254687106 | DIS | DISNEY WALT CO | $8.4M | 1.12% | 74,109 | Common | NONE |
| 110122108 | BMY | BRISTOL-MYERS SQUIBB | $8.1M | 1.08% | 149,940 | Common | NONE |
| 368736104 | GNRC | GENERAC HLDGS INC | $7.8M | 1.05% | 57,525 | Common | NONE |
| 26884l109 | — | EQT CORP | $7.8M | 1.04% | 145,150 | Common | NONE |
| 046224101 | ASTE | ASTEC INDUSTRIES INC | $7.6M | 1.01% | 175,676 | Common | NONE |
| 552690109 | MDU | M D U RESOURCES GRP | $7.6M | 1.01% | 389,420 | Common | NONE |
| 929160109 | VMC | VULCAN MATLS CO | $7.1M | 0.94% | 24,834 | Common | NONE |
| 02079k305 | — | ALPHABET INC CLASS A | $6.9M | 0.92% | 22,141 | Common | NONE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC | $6.9M | 0.91% | 11,825 | Common | NONE |
| 458140100 | INTC | INTEL CORP | $6.6M | 0.88% | 178,589 | Common | NONE |
| 300426103 | ECG | EVERUS CONSTRUCTION GROUP ORD | $6.5M | 0.87% | 76,542 | Common | NONE |
| 890110109 | TMP | TOMPKINS FINL CORP | $6.0M | 0.81% | 83,343 | Common | NONE |
| 26969p108 | — | EAGLE MATLS INC | $5.9M | 0.78% | 28,330 | Common | NONE |
| g50871105 | — | JAZZ PHARMACEUTICALS P F | $5.8M | 0.78% | 34,400 | Common | NONE |
| 438516106 | HON | HONEYWELL INTL INC | $5.8M | 0.77% | 29,585 | Common | NONE |
| 05534b760 | — | BCE INC F | $5.6M | 0.74% | 233,327 | Common | NONE |
| 92189f817 | — | VANECK VIETNAM ETF | $5.6M | 0.74% | 291,174 | Common | NONE |
| 646025106 | NJR | NEW JERSEY RES CORP | $5.5M | 0.74% | 120,094 | Common | NONE |
| 65336k103 | — | NEXSTAR MEDIA GROUP INC | $5.5M | 0.73% | 26,875 | Common | NONE |
| 465741106 | ITRI | ITRON INC | $5.4M | 0.73% | 58,681 | Common | NONE |
| 383082104 | GRC | GORMAN RUPP CO CLASS EQUITY | $5.4M | 0.72% | 113,581 | Common | NONE |
| 857477103 | STT | STATE STR CORP | $5.4M | 0.72% | 41,618 | Common | NONE |
| 02079k107 | — | ALPHABET INC CLASS C | $5.3M | 0.70% | 16,813 | Common | NONE |
| 19247g107 | — | COHERENT CORP | $5.1M | 0.69% | 27,850 | Common | NONE |
| 717081103 | PFE | PFIZER INC | $5.1M | 0.68% | 206,065 | Common | NONE |
| 871829107 | SYY | SYSCO CORP | $5.1M | 0.68% | 69,185 | Common | NONE |
| 548661107 | LOW | LOWES COS INC | $4.8M | 0.64% | 20,055 | Common | NONE |
| 451107106 | IDA | IDACORP INC | $4.8M | 0.64% | 38,079 | Common | NONE |
| 037833100 | AAPL | APPLE INC | $4.6M | 0.61% | 16,758 | Common | NONE |
| 49271V100 | KDP | KEURIG DR PEPPER INC | $4.4M | 0.59% | 158,600 | Common | NONE |
| 833445109 | SNOW | SNOWFLAKE INC CLASS A | $4.3M | 0.57% | 19,441 | Common | NONE |
| 285512109 | EA | ELECTRONIC ARTS INC | $4.2M | 0.56% | 20,450 | Common | NONE |
| 00724f101 | — | ADOBE INC | $4.1M | 0.55% | 11,845 | Common | NONE |
| 922908363 | VOO | VANGUARD S&P 500 ETF | $4.1M | 0.55% | 6,606 | Common | NONE |
| 498894104 | KNF | KNIFE RIVER ORD | $4.0M | 0.54% | 57,292 | Common | NONE |
| 80004C200 | SNDK | SANDISK CORP SNDK | $4.0M | 0.53% | 16,655 | Common | NONE |
| 36266g107 | — | GE HEALTHCARE TECHNOLOGI | $3.9M | 0.52% | 47,759 | Common | NONE |
| 37733w204 | — | GSK PLC ADR F SPONSORED ADR 1 | $3.9M | 0.52% | 78,940 | Common | NONE |
| 171779309 | CIEN | CIENA CORP | $3.9M | 0.51% | 16,500 | Common | NONE |
| 002824100 | ABT | ABBOTT LABS | $3.7M | 0.50% | 29,763 | Common | NONE |
| 68389x105 | — | ORACLE CORP | $3.6M | 0.48% | 18,473 | Common | NONE |
| 092113109 | BKH | BLACK HILLS CORP | $3.6M | 0.48% | 51,391 | Common | NONE |
| 91307c102 | — | UNITED THERAPEUTICS CORP | $3.4M | 0.45% | 6,955 | Common | NONE |
| 942749102 | WTS | WATTS WATER TECHNOLOGIES CLASS | $3.2M | 0.42% | 11,425 | Common | NONE |
| 79466l302 | — | SALESFORCE INC | $3.1M | 0.42% | 11,850 | Common | NONE |
| 744573106 | PEG | PUBLIC SVC ENTERPRISE GR | $3.1M | 0.41% | 38,022 | Common | NONE |
| 29446m102 | — | EQUINOR ASA F SPONSORED ADR 1 | $3.0M | 0.41% | 128,809 | Common | NONE |
| 29261A100 | EHC | ENCOMPASS HEALTH CORP | $2.9M | 0.39% | 27,450 | Common | NONE |
| 031162100 | AMGN | AMGEN INC | $2.9M | 0.38% | 8,800 | Common | NONE |
| 90138F102 | TWLO | TWILIO CL A ORD | $2.7M | 0.36% | 19,216 | Common | NONE |
| 532457108 | LLY | ELI LILLY AND CO | $2.6M | 0.35% | 2,430 | Common | NONE |
| 228368106 | CCK | CROWN HLDGS INC | $2.6M | 0.34% | 25,114 | Common | NONE |
| 406216101 | HAL | HALLIBURTON CO | $2.4M | 0.32% | 84,008 | Common | NONE |
| 36828a101 | — | GE VERNOVA INC | $2.3M | 0.30% | 3,479 | Common | NONE |
| 842587107 | SO | SOUTHERN CO | $2.3M | 0.30% | 25,980 | Common | NONE |
| 928881101 | VNT | VONTIER CORP | $2.2M | 0.30% | 60,421 | Common | NONE |
| 70450y103 | — | PAYPAL HLDGS INC | $2.2M | 0.30% | 38,430 | Common | NONE |
| 83444m101 | — | SOLVENTUM CORP | $2.2M | 0.29% | 27,248 | Common | NONE |
| 55024U109 | LITE | LUMENTUM HOLDINGS INC | $2.1M | 0.28% | 5,760 | Common | NONE |
| 562750109 | MANH | MANHATTAN ASSOCIATES ORD | $2.1M | 0.28% | 12,150 | Common | NONE |
| 00846u101 | — | AGILENT TECHNOLOGIES INC | $2.1M | 0.28% | 15,175 | Common | NONE |
| 689648103 | OTTR | OTTER TAIL CORP | $2.0M | 0.27% | 24,950 | Common | NONE |
| 830561205 | SKBSY | SKANSKA AB F SPONSORED ADR 1 A | $2.0M | 0.27% | 72,766 | Common | NONE |
| 114340102 | AZTA | AZENTA INC | $1.9M | 0.26% | 58,118 | Common | NONE |
| 98956p102 | — | ZIMMER BIOMET HLDGS INC | $1.8M | 0.24% | 20,200 | Common | NONE |
| 947890109 | WBS | WEBSTER FINL CORP | $1.7M | 0.23% | 27,700 | Common | NONE |
| 75886f107 | — | REGENERON PHARMS INC | $1.4M | 0.19% | 1,830 | Common | NONE |
| 72703H101 | PLNT | PLANET FITNESS INC | $1.3M | 0.18% | 12,400 | Common | NONE |
| 922042858 | VWO | VANGUARD FTSE EMERGING MARKETS | $1.3M | 0.17% | 23,800 | Common | NONE |
| 04010e109 | — | ARGAN INC | $1.3M | 0.17% | 4,000 | Common | NONE |
| 448811208 | HRNNF | HYDRO ONE LTD F | $1.2M | 0.16% | 29,700 | Common | NONE |
| 987184108 | YORW | YORK WATER ORD | $1.2M | 0.16% | 37,050 | Common | NONE |
| 26942g100 | — | EAGLE BANCORP MONT INC | $1.1M | 0.15% | 56,435 | Common | NONE |
| 405024100 | HAE | HAEMONETICS | $1.1M | 0.15% | 13,600 | Common | NONE |
| 09857L108 | BKNG | BOOKING HOLDINGS ORD | $1.1M | 0.14% | 202 | Common | NONE |
| 94188p101 | — | WATERSTONE FINL INC MD | $1.0M | 0.14% | 63,248 | Common | NONE |
| 452327109 | ILMN | ILLUMINA INC | $1.0M | 0.14% | 7,825 | Common | NONE |
| 166764100 | CVX | CHEVRON CORP NEW | $977,086 | 0.13% | 6,411 | Common | NONE |
| g51502105 | — | JOHNSON CONTROLS INTER F | $969,855 | 0.13% | 8,099 | Common | NONE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY CLASS B | $946,993 | 0.13% | 1,884 | Common | NONE |
| 81369y886 | — | SELECT SECTOR UTI SELECT SPDR | $892,819 | 0.12% | 20,914 | Common | NONE |
| 55405y100 | — | MACOM TECHNOLOGY SOLUTIO | $890,656 | 0.12% | 5,200 | Common | NONE |
| 21037t109 | — | CONSTELLATION ENERGY COR | $859,152 | 0.11% | 2,432 | Common | NONE |
| 375558103 | GILD | GILEAD SCIENCES INC | $858,522 | 0.11% | 6,995 | Common | NONE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $845,670 | 0.11% | 2,963 | Common | NONE |
| 74930b105 | — | RBB BANCORP | $836,952 | 0.11% | 40,550 | Common | NONE |
| 780259305 | SHEL | SHELL PLC F SPONSORED ADR 1 AD | $815,628 | 0.11% | 11,100 | Common | NONE |
| 290876101 | EMA | EMERA INC F | $778,718 | 0.10% | 15,800 | Common | NONE |
| 88076w103 | — | TERADATA CORP DEL | $773,176 | 0.10% | 25,400 | Common | NONE |
| 26441c204 | — | DUKE ENERGY CORP NEW | $759,521 | 0.10% | 6,480 | Common | NONE |
| 055622104 | BP | BP P L C F SPONSORED ADR 1 ADR | $753,641 | 0.10% | 21,700 | Common | NONE |
| 018802108 | LNT | ALLIANT ENERGY CORP | $734,613 | 0.10% | 11,300 | Common | NONE |
| 831865209 | AOS | SMITH A O CORP | $648,736 | 0.09% | 9,700 | Common | NONE |
| 88579y101 | — | 3M CO | $624,390 | 0.08% | 3,900 | Common | NONE |
| 60770k107 | — | MODERNA INC | $623,713 | 0.08% | 21,150 | Common | NONE |
| 89147l886 | — | TORTOISE ENERGY INFRASTR | $623,357 | 0.08% | 15,241 | Common | NONE |
| G3265R107 | APTV | APTIV PLC F | $620,133 | 0.08% | 8,150 | Common | NONE |
| 882508104 | TXN | TEXAS INSTRS INC | $605,654 | 0.08% | 3,491 | Common | NONE |
| 504922105 | LH | LABCORP HLDGS INC | $554,445 | 0.07% | 2,210 | Common | NONE |
| 452308109 | ITW | ILLINOIS TOOL WKS INC | $535,702 | 0.07% | 2,175 | Common | NONE |
| 00091g104 | — | ACV AUCTIONS INC CLASS A | $531,598 | 0.07% | 66,284 | Common | NONE |
| 015857105 | AQN | ALGONQUIN PWR & UTILS F | $530,437 | 0.07% | 86,250 | Common | NONE |
| 075887109 | BDX | BECTON DICKINSON & CO | $528,841 | 0.07% | 2,725 | Common | NONE |
| 353514102 | FELE | FRANKLIN ELEC INC | $515,862 | 0.07% | 5,400 | Common | NONE |
| 319383204 | BUSE | FIRST BUSEY ORD | $511,009 | 0.07% | 21,480 | Common | NONE |
| 337738108 | FISV | FISERV INC | $500,416 | 0.07% | 7,450 | Common | NONE |
| 718546104 | PSX | PHILLIPS 66 | $496,804 | 0.07% | 3,850 | Common | NONE |
| 675234108 | OCFC | OCEANFIRST FINL CORP | $484,650 | 0.06% | 27,000 | Common | NONE |
| 369604301 | GE | GE AEROSPACE | $477,446 | 0.06% | 1,550 | Common | NONE |
| 172755100 | CRUS | CIRRUS LOGIC INC | $462,150 | 0.06% | 3,900 | Common | NONE |
| 922908769 | VTI | VANGUARD TOTAL STOCK MARKET ET | $453,956 | 0.06% | 1,354 | Common | NONE |
| 46266c105 | — | IQVIA HLDGS INC | $428,279 | 0.06% | 1,900 | Common | NONE |
| 001084102 | AGCO | AGCO CORP DEL | $427,712 | 0.06% | 4,100 | Common | NONE |
| 633067103 | NTIOF | NATIONAL BANK OF CANADA ORD | $418,822 | 0.06% | 3,330 | Common | NONE |
| 37045v100 | — | GENERAL MTRS CO | $410,666 | 0.05% | 5,050 | Common | NONE |
| 45073v108 | — | ITT INC | $398,205 | 0.05% | 2,295 | Common | NONE |
| 025537101 | AEP | AMERICAN ELEC PWR CO INC | $390,901 | 0.05% | 3,390 | Common | NONE |
| 98419m100 | — | XYLEM INC | $385,389 | 0.05% | 2,830 | Common | NONE |
| 697435105 | PANW | PALO ALTO NETWORKS INC | $383,504 | 0.05% | 2,082 | Common | NONE |
| 824348106 | SHW | SHERWIN-WILLIAMS CO | $372,634 | 0.05% | 1,150 | Common | NONE |
| 191216100 | KO | THE COCA-COLA CO | $364,720 | 0.05% | 5,217 | Common | NONE |
| 669549107 | NWFL | NORWOOD FINL CORP | $353,430 | 0.05% | 12,600 | Common | NONE |
| G7997R103 | STX | SEAGATE TECHNOLOGY HOLDINGS | $340,933 | 0.05% | 1,238 | Common | NONE |
| 464286533 | EEMV | ISHS MSCI EMERG MRKT MIN VOL F | $339,412 | 0.05% | 5,300 | Common | NONE |
| 92204A702 | VGT | VANGUARD INFORMATION TECHNOLOG | $335,432 | 0.04% | 445 | Common | NONE |
| 74834l100 | — | QUEST DIAGNOSTICS INC | $335,260 | 0.04% | 1,932 | Common | NONE |
| 901109108 | TPC | TUTOR PERINI CORP | $335,100 | 0.04% | 5,000 | Common | NONE |
| 373865104 | GABC | GERMAN AMERICAN BANCORP ORD | $320,884 | 0.04% | 8,190 | Common | NONE |
| 12626K203 | — | CRH ADR REPSG 1 ORD | $312,000 | 0.04% | 2,500 | Common | NONE |
| 67066g104 | — | NVIDIA CORP | $297,630 | 0.04% | 1,596 | Common | NONE |
| 012653101 | ALB | ALBEMARLE CORP | $297,024 | 0.04% | 2,100 | Common | NONE |
| 464287556 | IBB | ISHARES BIOTECHNOLOGY ETF | $286,909 | 0.04% | 1,700 | Common | NONE |
| 83443Q103 | SOLS | SOLSTICE ADVANCED MATERIALS OR | $286,573 | 0.04% | 5,899 | Common | NONE |
| 78464a698 | — | SPDR S&P REGIONAL BANKING ETF | $278,683 | 0.04% | 4,300 | Common | NONE |
| g29183103 | — | EATON CORP PLC F | $276,467 | 0.04% | 868 | Common | NONE |
| 46137v142 | — | INVSC WATER RESC PORTFOLIO ETF | $276,005 | 0.04% | 3,920 | Common | NONE |
| 771195104 | RHHBY | ROCHE HLDG LTD F SPONSORED ADR | $273,321 | 0.04% | 5,300 | Common | NONE |
| 92939u106 | — | WEC ENERGY GROUP INC | $270,610 | 0.04% | 2,566 | Common | NONE |
| 337932107 | FE | FIRSTENERGY CORP | $241,758 | 0.03% | 5,400 | Common | NONE |
| 00287y109 | — | ABBVIE INC | $241,057 | 0.03% | 1,055 | Common | NONE |
| 38141g104 | — | GOLDMAN SACHS GROUP INC | $236,451 | 0.03% | 269 | Common | NONE |
| 46090e103 | — | INVSC QQQ TRUST SRS 1 ETF | $232,823 | 0.03% | 379 | Common | NONE |
| 032095101 | APH | AMPHENOL CORP NEW CLASS A | $223,522 | 0.03% | 1,654 | Common | NONE |
| 30303m102 | — | META PLATFORMS INC CLASS A | $221,790 | 0.03% | 336 | Common | NONE |
| 31609A206 | FESM | FIDELITY ENHANCED SMALL CAP ET | $220,898 | 0.03% | 5,847 | Common | NONE |
| 776696106 | ROP | ROPER TECHNOLOGIES INC | $218,114 | 0.03% | 490 | Common | NONE |
| 592835102 | MXF | MEXICO FUND INC | $213,484 | 0.03% | 10,600 | Common | NONE |
| 66987V109 | NVS | NOVARTIS AG | $210,941 | 0.03% | 1,530 | Common | NONE |
| 922908744 | VTV | VANGUARD VALUE ETF | $208,179 | 0.03% | 1,090 | Common | NONE |
| 46625H100 | JPM | J P MORGAN CHASE & CO | $203,867 | 0.03% | 633 | Common | NONE |
| 349553107 | FTS | FORTIS INC F | $202,566 | 0.03% | 3,900 | Common | NONE |
| 382550101 | GT | GOODYEAR TIRE & RUBR CO | $151,548 | 0.02% | 17,300 | Common | NONE |
| 03074a102 | — | AMERISERV FINL INC | $146,692 | 0.02% | 45,985 | Common | NONE |
| 05337L304 | AVLNF | AVALON ADVANCED MATERIALS INC | $683 | 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.