JOHN G ULLMAN & ASSOCIATES INC

CIK

919530

Location

CORNING, NY

Portfolio Value

Small $728,419,238

Diversification

Diversified

Filing Date

Global Rank

#2,124 / 8,586 ▲ 55

Top Industry

Utilities - Regulated Electric 12.1%

3Y Alpha vs SPY

+4.4%

Period ended 3 months ago

Filed May 6, 2026 · 41d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+98.1%

SPY

+78.1%

Annualised alpha

+4.4%

Max drawdown

−19.2%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

156 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

6.0%

+0.7 pts

Top 5

22.7%

+1.1 pts

Top 10

34.9%

+1.0 pts

HHI

204

Diversified+13

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Technology	32.1%	$233,927,963	29
Industrials	18.3%	$133,580,610	27
Utilities	17.1%	$124,810,938	22
Healthcare	9.3%	$67,752,675	25
Energy	7.4%	$53,736,913	9
Communication Services	3.9%	$28,599,110	6
Consumer Cyclical	3.8%	$27,917,800	10
Financial Services	2.6%	$18,971,938	15
Basic Materials	2.4%	$17,421,471	7
Real Estate	1.5%	$10,917,238	1
Consumer Defensive	1.4%	$9,833,800	3
Unclassified	0.1%	$948,782	2

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
AZTA	Azenta, Inc.	+51,226	109,344	$2,310,438
ITRI	Itron, Inc.	+21,975	80,656	$7,229,197
TWLO	Twilio Inc	+15,150	34,366	$4,323,930
EHC	Encompass Health Corp	+12,950	40,400	$3,907,892
KDP	Keurig Dr Pepper Inc.	+11,100	169,700	$4,468,201
DIS	Walt Disney Co	+8,933	83,042	$8,003,587
BCE	Bce Inc	+8,600	241,927	$6,106,237
PFE	Pfizer Inc	+8,022	214,087	$6,011,562
LNN	Lindsay Corp	+6,110	88,410	$10,526,978
FISV	Fiserv Inc	+5,633	13,083	$730,031
PLNT	Planet Fitness, Inc.	+5,250	17,650	$1,312,807
D	Dominion Energy, Inc	+5,083	198,571	$12,275,659
EQT	EQT Corp	+4,166	149,316	$9,502,470
BDX	Becton Dickinson & Co	+2,675	5,400	$849,042
NWFL	Norwood Financial Corp	+2,200	14,800	$435,416
AMT	American Tower Corp /Ma/	+2,041	63,259	$10,917,238
AOS	Smith A O Corp	+1,400	11,100	$731,934
EQNR	Equinor ASA	+1,350	130,159	$5,492,709
APTV	Aptiv PLC	+1,100	9,250	$642,320
EXP	Eagle Materials Inc	+966	29,296	$5,550,127
STX	Seagate Technology Holdings plc	+775	2,013	$788,612
OTTR	Otter Tail Corp	+500	25,450	$2,233,746
SYY	Sysco Corp	+475	69,660	$4,968,847
DGX	Quest Diagnostics Inc	+100	2,032	$398,231
BKNG	Booking Holdings Inc.	+42	244	$1,027,318
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
GLW	Corning Inc /Ny	−63,789	319,742	$43,475,319
INTC	Intel Corp	−45,125	133,464	$5,889,766
PYPL	PayPal Holdings, Inc.	−31,650	6,780	$306,659
WDC	Western Digital Corp	−31,350	32,958	$8,914,809
EMR	Emerson Electric Co	−26,722	250,719	$32,849,203
ASTE	Astec Industries Inc	−23,567	152,109	$8,189,548
GVA	Granite Construction Inc	−17,350	57,755	$6,923,669
TMP	Tompkins Financial Corp	−14,551	68,792	$5,423,561
OGE	Oge Energy Corp.	−13,664	485,435	$23,281,462
FLS	Flowserve Corp	−13,475	124,825	$9,175,885
MDU	Mdu Resources Group Inc	−12,780	376,640	$7,803,980
MANH	Manhattan Associates Inc	−9,925	2,225	$296,192
CSCO	Cisco Systems, Inc.	−9,236	320,574	$24,873,336
ECG	Everus Construction Group, Inc.	−8,668	67,874	$8,013,204
ADBE	Adobe Inc.	−8,595	3,250	$790,010
EBMT	Eagle Bancorp Montana, Inc.	−7,525	48,910	$1,006,567
COHR	Coherent Corp.	−7,200	20,650	$4,919,036
BE	Bloom Energy Corp	−7,113	125,662	$17,025,944
MRK	Merck & Co., Inc.	−7,050	94,272	$11,339,978
AMGN	Amgen Inc	−6,675	2,125	$747,681
GSK	GSK plc	−6,330	72,610	$4,007,345
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−6,289	120,778	$40,816,925
BMY	Bristol Myers Squibb Co	−5,375	144,565	$8,767,867
NEE	Nextera Energy Inc	−4,500	150,053	$13,936,922
AVGO	Broadcom Inc.	−4,240	58,205	$18,015,029
No positions match the current search.

New Positions

Positions the filer opened this quarter

10 positions

Ticker	Company	Shares	Value
MELI	Mercadolibre Inc	1,665	$2,878,818
MHK	Mohawk Industries Inc	11,386	$1,121,065
CHWY	Chewy, Inc.	19,400	$523,800
MOS	Mosaic Co	15,750	$401,625
BAX	Baxter International Inc	17,793	$298,922
CAT	Caterpillar Inc	396	$280,550
XRAY	DENTSPLY SIRONA Inc.	23,200	$269,120
PCYO	Pure Cycle Corp	26,300	$264,578
VZ	Verizon Communications Inc	4,288	$215,257
PCT	PureCycle Technologies, Inc.	15,600	$80,964
No positions match the current search.

Sold Out

Positions the filer fully exited

15 positions

Ticker	Company	Shares	Value
SNDK	Sandisk Corp	16,655	$3,953,563
UTHR	UNITED THERAPEUTICS Corp	6,955	$3,388,823
TXN	Texas Instruments Inc	3,491	$605,653
LH	Labcorp Holdings Inc.	2,210	$554,444
IQV	Iqvia Holdings Inc.	1,900	$428,279
GM	General Motors Co	5,050	$410,666
PANW	Palo Alto Networks Inc	2,082	$383,504
GABC	German American Bancorp, Inc.	8,190	$320,884
ALB	Albemarle Corp	2,100	$297,024
FE	Firstenergy Corp	5,400	$241,758
META	Meta Platforms, Inc.	336	$221,790
ROP	Roper Technologies Inc	490	$218,113
NVS	Novartis AG	1,530	$210,941
JPM	Jpmorgan Chase & Co	633	$203,965
GT	Goodyear Tire & Rubber Co /Oh/	17,300	$151,548
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

156 positions · $728,419,238 total · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 156 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AVLNF	Avalon Advanced Materials Inc. Basic Materials	Held	18,750	0	$768	+13.3%	0.00%
PCT	PureCycle Technologies, Inc. Industrials	NEW	15,600	NEW	$80,964	NEW	0.01%
ASRV	Ameriserv Financial Inc /Pa/ Financial Services	Held	45,985	0	$166,465	+13.5%	0.02%
APH	Amphenol Corp /De/ Technology	Held	1,654	0	$208,982	−6.5%	0.03%
VZ	Verizon Communications Inc Communication Services	NEW	4,288	NEW	$215,257	NEW	0.03%
FTS	Fortis Inc. Utilities	Held	3,900	0	$217,581	+7.4%	0.03%
QQQ	Invesco Qqq Trust, Series 1	Held	379	0	$218,751	−6.0%	0.03%
MXF	Mexico Fund Inc Financial Services	Held	10,600	0	$221,858	+3.9%	0.03%
GS	Goldman Sachs Group Inc Financial Services	Reduced	265	-4	$224,187	−5.2%	0.03%
ABBV	AbbVie Inc. Healthcare	Added	1,078	+23	$234,454	−2.7%	0.03%
NVDA	Nvidia Corp Technology	Reduced	1,377	-219	$240,148	−19.3%	0.03%
PCYO	Pure Cycle Corp Utilities	NEW	26,300	NEW	$264,578	NEW	0.04%
XRAY	DENTSPLY SIRONA Inc. Healthcare	NEW	23,200	NEW	$269,120	NEW	0.04%
CAT	Caterpillar Inc Industrials	NEW	396	NEW	$280,550	NEW	0.04%
ACVA	ACV Auctions Inc. Consumer Cyclical	Held	66,284	0	$281,044	−47.1%	0.04%
MANH	Manhattan Associates Inc Technology	Reduced	2,225	-9,925	$296,192	−85.9%	0.04%
WEC	Wec Energy Group, Inc. Utilities	Held	2,566	0	$297,065	+9.8%	0.04%
BAX	Baxter International Inc Healthcare	NEW	17,793	NEW	$298,922	NEW	0.04%
PYPL	PayPal Holdings, Inc. Financial Services	Reduced	6,780	-31,650	$306,659	−86.3%	0.04%
ETN	Eaton Corp plc Industrials	Held	868	0	$310,457	+12.3%	0.04%
XYL	Xylem Inc. Industrials	Reduced	2,780	-50	$332,210	−13.8%	0.05%
GE	General Electric Co Industrials	Reduced	1,298	-252	$368,333	−22.9%	0.05%
SHW	Sherwin Williams Co Basic Materials	Held	1,150	0	$368,632	−1.1%	0.05%
TPC	Tutor Perini Corp Industrials	Held	5,000	0	$385,950	+15.2%	0.05%
KO	Coca Cola Co Consumer Defensive	Held	5,217	0	$396,752	+8.8%	0.05%
DGX	Quest Diagnostics Inc Healthcare	Added	2,032	+100	$398,231	+18.8%	0.05%
MOS	Mosaic Co Basic Materials	NEW	15,750	NEW	$401,625	NEW	0.06%
NWFL	Norwood Financial Corp Financial Services	Added	14,800	+2,200	$435,416	+23.2%	0.06%
SOLS	Solstice Advanced Materials Inc. Basic Materials	Reduced	5,740	-159	$437,158	+52.5%	0.06%
ITT	Itt Inc. Industrials	Held	2,295	0	$437,266	+9.8%	0.06%
AEP	American Electric Power Co Inc Utilities	Held	3,390	0	$444,361	+13.7%	0.06%
OCFC	Oceanfirst Financial Corp Financial Services	Reduced	25,300	-1,700	$456,412	−5.8%	0.06%
AGCO	Agco Corp /De Industrials	Held	4,100	0	$475,067	+11.1%	0.07%
FELE	Franklin Electric Co Inc Industrials	Held	5,400	0	$497,718	−3.5%	0.07%
ITW	Illinois Tool Works Inc Industrials	Reduced	1,975	-200	$514,072	−4.0%	0.07%
AQN	Algonquin Power & Utilities Corp. Utilities	Reduced	85,250	-1,000	$523,435	−1.3%	0.07%
CHWY	Chewy, Inc. Consumer Cyclical	NEW	19,400	NEW	$523,800	NEW	0.07%
BUSE	First Busey Corp /Nv/ Financial Services	Reduced	20,780	-700	$525,110	+2.8%	0.07%
TDC	Teradata Corp /De/ Technology	Reduced	21,200	-4,200	$543,356	−29.7%	0.07%
BRK-B	Berkshire Hathaway Inc Financial Services	Reduced	1,169	-715	$560,184	−40.8%	0.08%
CRUS	Cirrus Logic, Inc. Technology	Held	3,900	0	$564,018	+22.0%	0.08%
MMM	3M Co Industrials	Held	3,900	0	$566,397	−9.3%	0.08%
HAE	Haemonetics Corp Healthcare	Reduced	11,300	-2,300	$636,868	−41.6%	0.09%
APTV	Aptiv PLC Consumer Cyclical	Added	9,250	+1,100	$642,320	+3.6%	0.09%
CEG	Constellation Energy Corp Utilities	Held	2,432	0	$679,136	−21.0%	0.09%
PSX	Phillips 66 Energy	Held	3,850	0	$701,393	+41.2%	0.10%
REGN	Regeneron Pharmaceuticals, Inc. Healthcare	Reduced	910	-920	$703,102	−50.2%	0.10%
FISV	Fiserv Inc	Added	13,083	+5,633	$730,031	+45.9%	0.10%
AOS	Smith A O Corp Industrials	Added	11,100	+1,400	$731,934	+12.8%	0.10%
AMGN	Amgen Inc Healthcare	Reduced	2,125	-6,675	$747,681	−74.0%	0.10%