JOHN G ULLMAN & ASSOCIATES INC

CIK

919530

Location

CORNING, NY

Portfolio Value

Small $124,810,938

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

22 positions · $124,810,938 total · Utilities only · as of Mar 31, 2026

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
OGE	Oge Energy Corp. Utilities	Reduced	485,435	-13,664	$23,281,462	+9.2%	18.65%
WTRG	Essential Utilities, Inc. Utilities	Reduced	403,549	-1,901	$16,250,918	+4.5%	13.02%
NEE	Nextera Energy Inc Utilities	Reduced	150,053	-4,500	$13,936,922	+12.3%	11.17%
ES	Eversource Energy Utilities	Reduced	193,788	-1,012	$13,425,632	+2.4%	10.76%
D	Dominion Energy, Inc Utilities	Added	198,571	+5,083	$12,275,659	+8.3%	9.84%
POR	Portland General Electric Co /Or/ Utilities	Reduced	214,357	-3,427	$11,311,618	+8.2%	9.06%
MDU	Mdu Resources Group Inc Utilities	Reduced	376,640	-12,780	$7,803,980	+2.7%	6.25%
NJR	New Jersey Resources Corp Utilities	Reduced	117,260	-2,834	$6,439,919	+16.3%	5.16%
IDA	Idacorp Inc Utilities	Reduced	36,029	-2,050	$5,151,066	+6.9%	4.13%
BKH	Black Hills Corp /Sd/ Utilities	Reduced	50,924	-467	$3,534,634	−0.9%	2.83%
PEG	Public Service Enterprise Group Inc Utilities	Reduced	36,322	-1,700	$2,940,265	−3.7%	2.36%
SO	Southern Co Utilities	Reduced	25,880	-100	$2,497,937	+10.3%	2.00%
YORW	York Water Co Utilities	Held	37,050	0	$1,128,172	−4.4%	0.90%
DUK	Duke Energy CORP Utilities	Reduced	6,403	-77	$838,408	+10.4%	0.67%
LNT	Alliant Energy Corp Utilities	Held	11,300	0	$810,888	+10.4%	0.65%
EMA	Emera Inc Utilities	Reduced	14,600	-1,200	$757,302	−2.7%	0.61%
CEG	Constellation Energy Corp Utilities	Held	2,432	0	$679,136	−21.0%	0.54%
AQN	Algonquin Power & Utilities Corp. Utilities	Reduced	85,250	-1,000	$523,435	−1.3%	0.42%
AEP	American Electric Power Co Inc Utilities	Held	3,390	0	$444,361	+13.7%	0.36%
WEC	Wec Energy Group, Inc. Utilities	Held	2,566	0	$297,065	+9.8%	0.24%
PCYO	Pure Cycle Corp Utilities	NEW	26,300	NEW	$264,578	NEW	0.21%
FTS	Fortis Inc. Utilities	Held	3,900	0	$217,581	+7.4%	0.17%