13F HOLDINGS REPORT
JOHN G ULLMAN & ASSOCIATES INC
Quarter ended Q2 2025 · Filed July 29, 2025 · Accession 0000919530-25-000003
Total Value
$673.8M
Positions
174
Other Managers
0
Confidential Omitted
No
Holdings (174)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | EMERSON ELEC CO | EMR | 283,961 | $37.9M | 5.62% |
| 2 | TAIWAN SEMICONDUCTOR M F SPONS | 874039100 | 138,692 | $31.4M | 4.66% |
| 3 | CORNING INC | GLW | 560,239 | $29.5M | 4.37% |
| 4 | IBM CORP | INTR | 82,735 | $24.4M | 3.62% |
| 5 | BROADCOM INC | AVGO | 87,515 | $24.1M | 3.58% |
| 6 | CISCO SYSTEMS INC | CSCO | 336,265 | $23.3M | 3.46% |
| 7 | OGE ENERGY CORP | OGE | 514,468 | $22.8M | 3.39% |
| 8 | TE CONNECTIVITY PLC F | TEL | 103,914 | $17.5M | 2.60% |
| 9 | NOVARTIS AG | NVSEF | 137,407 | $16.6M | 2.47% |
| 10 | MICROSOFT CORP | MSFT | 32,148 | $16.0M | 2.37% |
| 11 | AMAZON.COM INC | AMZN | 68,798 | $15.1M | 2.24% |
| 12 | AMERICAN TOWER CORP NEW REIT | AMT | 52,982 | $11.7M | 1.74% |
| 13 | EXXON MOBIL CORP | XOM | 107,041 | $11.5M | 1.71% |
| 14 | ESSENTIAL UTILS INC | 29670g102 | 266,002 | $9.9M | 1.47% |
| 15 | CACI INTL INC CLASS A | 127190304 | 20,232 | $9.6M | 1.43% |
| 16 | DISNEY WALT CO | 254687106 | 76,379 | $9.5M | 1.41% |
| 17 | SCHLUMBERGER LTD F | SLB | 274,187 | $9.3M | 1.38% |
| 18 | LINDSAY CORP | LNN | 58,186 | $8.4M | 1.25% |
| 19 | GENERAC HLDGS INC | GNRC | 58,301 | $8.3M | 1.24% |
| 20 | ITRON INC | ITRI | 58,488 | $7.7M | 1.14% |
| 21 | ASTEC INDUSTRIES INC | 046224101 | 183,992 | $7.7M | 1.14% |
| 22 | PORTLAND GENERAL ELECTRIC CO | 736508847 | 185,936 | $7.6M | 1.12% |
| 23 | FLOWSERVE CORP | FLS | 143,500 | $7.5M | 1.11% |
| 24 | MERCK & CO. INC. | MRK | 94,313 | $7.5M | 1.11% |
| 25 | GRANITE CONSTR INC | GVA | 79,282 | $7.4M | 1.10% |
| 26 | EVERSOURCE ENERGY | ES | 112,702 | $7.2M | 1.06% |
| 27 | BRISTOL-MYERS SQUIBB | CELG-RI | 154,644 | $7.2M | 1.06% |
| 28 | HONEYWELL INTL INC | 438516106 | 30,186 | $7.0M | 1.04% |
| 29 | BLOOM ENERGY CORP CLASS A | BE | 282,700 | $6.8M | 1.00% |
| 30 | VULCAN MATLS CO | 929160109 | 25,775 | $6.7M | 1.00% |
| 31 | M D U RESOURCES GRP | 552690109 | 394,297 | $6.6M | 0.98% |
| 32 | FISERV INC | FISV | 36,782 | $6.3M | 0.94% |
| 33 | WESTERN DIGITAL CORP | WDC | 92,543 | $5.9M | 0.88% |
| 34 | DOMINION ENERGY INC | D | 103,182 | $5.8M | 0.87% |
| 35 | EVERUS CONSTRUCTION GROUP ORD | EVEX-WT | 90,473 | $5.7M | 0.85% |
| 36 | NEW JERSEY RES CORP | NJR | 122,327 | $5.5M | 0.81% |
| 37 | SYSCO CORP | SYY | 72,276 | $5.5M | 0.81% |
| 38 | TOMPKINS FINL CORP | 890110109 | 86,504 | $5.4M | 0.81% |
| 39 | LUMENTUM HOLDINGS INC | LITE | 50,248 | $4.8M | 0.71% |
| 40 | NEXSTAR MEDIA GROUP INC | NXST | 27,593 | $4.8M | 0.71% |
| 41 | KNIFE RIVER ORD | KNF | 57,992 | $4.7M | 0.70% |
| 42 | EQT CORP | EQT | 81,100 | $4.7M | 0.70% |
| 43 | THERMO FISHER SCIENTIFIC | TMO | 11,614 | $4.7M | 0.70% |
| 44 | IDACORP INC | IDA | 39,618 | $4.6M | 0.68% |
| 45 | STATE STR CORP | STT-PG | 42,993 | $4.6M | 0.68% |
| 46 | LOWES COS INC | 548661107 | 20,555 | $4.6M | 0.68% |
| 47 | ORACLE CORP | ORCL-PD | 20,655 | $4.5M | 0.67% |
| 48 | SNOWFLAKE INC CLASS A | SNOW | 20,125 | $4.5M | 0.67% |
| 49 | COHERENT CORP | COHR | 48,825 | $4.4M | 0.65% |
| 50 | VANECK VIETNAM ETF | 92189f817 | 314,390 | $4.3M | 0.64% |
| 51 | GORMAN RUPP CO CLASS EQUITY | GRC | 111,783 | $4.1M | 0.61% |
| 52 | ABBOTT LABS | ABLZF | 30,038 | $4.1M | 0.61% |
| 53 | INTEL CORP | INTC | 181,250 | $4.1M | 0.60% |
| 54 | ALPHABET INC CLASS A | GOOG | 22,708 | $4.0M | 0.59% |
| 55 | HERC HLDGS INC | HRI | 30,080 | $4.0M | 0.59% |
| 56 | VANGUARD S&P 500 ETF | 922908363 | 6,923 | $3.9M | 0.58% |
| 57 | GE HEALTHCARE TECHNOLOGI | GEHC | 51,787 | $3.8M | 0.57% |
| 58 | JAZZ PHARMACEUTICALS P F | JAZZ | 35,910 | $3.8M | 0.57% |
| 59 | ELECTRONIC ARTS INC | EA | 23,250 | $3.7M | 0.55% |
| 60 | PFIZER INC | PFE | 150,703 | $3.7M | 0.54% |
| 61 | SALESFORCE INC | CRM | 13,269 | $3.6M | 0.54% |
| 62 | GE AEROSPACE | 369604301 | 13,729 | $3.5M | 0.52% |
| 63 | APPLE INC | AAPL | 17,183 | $3.5M | 0.52% |
| 64 | ENCOMPASS HEALTH CORP | EHC | 28,600 | $3.5M | 0.52% |
| 65 | PUBLIC SVC ENTERPRISE GR | 744573106 | 39,122 | $3.3M | 0.49% |
| 66 | EAGLE MATLS INC | EXP | 15,775 | $3.2M | 0.47% |
| 67 | GSK PLC ADR F SPONSORED ADR 1 | GLAXF | 82,100 | $3.2M | 0.47% |
| 68 | PAYPAL HLDGS INC | PYPL | 41,280 | $3.1M | 0.46% |
| 69 | BLACK HILLS CORP | BKH | 52,941 | $3.0M | 0.44% |
| 70 | WATTS WATER TECHNOLOGIES CLASS | WTS | 11,977 | $2.9M | 0.44% |
| 71 | ALPHABET INC CLASS C | GOOG | 15,178 | $2.7M | 0.40% |
| 72 | CROWN HLDGS INC | CCK | 26,041 | $2.7M | 0.40% |
| 73 | AMGEN INC | AMGN | 9,071 | $2.5M | 0.38% |
| 74 | SOUTHERN CO | SOMN | 26,092 | $2.4M | 0.36% |
| 75 | ZIMMER BIOMET HLDGS INC | ZBH | 25,850 | $2.4M | 0.35% |
| 76 | BCE INC F | BCPPF | 104,815 | $2.3M | 0.34% |
| 77 | VONTIER CORP | VNT | 61,921 | $2.3M | 0.34% |
| 78 | ELI LILLY AND CO | LLY | 2,883 | $2.2M | 0.33% |
| 79 | SOLVENTUM CORP | SOLV | 28,500 | $2.2M | 0.32% |
| 80 | BAXTER INTL INC | 071813109 | 70,829 | $2.1M | 0.32% |
| 81 | UNITED THERAPEUTICS CORP | UTHR | 7,281 | $2.1M | 0.31% |
| 82 | AGILENT TECHNOLOGIES INC | A | 17,075 | $2.0M | 0.30% |
| 83 | GE VERNOVA INC | GEV | 3,664 | $1.9M | 0.29% |
| 84 | EQUINOR ASA F SPONSORED ADR 1 | STOHF | 76,359 | $1.9M | 0.28% |
| 85 | NEXTERA ENERGY INC | NEE-PW | 26,947 | $1.9M | 0.28% |
| 86 | SKANSKA AB F SPONSORED ADR 1 A | 830561205 | 74,000 | $1.7M | 0.25% |
| 87 | BANCROFT CF | 059695106 | 82,913 | $1.6M | 0.23% |
| 88 | WEBSTER FINL CORP | 947890109 | 28,333 | $1.5M | 0.23% |
| 89 | AZENTA INC | AZTA | 48,645 | $1.5M | 0.22% |
| 90 | SANDISK CORP SNDK | SNDK | 29,992 | $1.4M | 0.20% |
| 91 | CIENA CORP | CIEN | 16,700 | $1.4M | 0.20% |
| 92 | HALLIBURTON CO | HAL | 63,708 | $1.3M | 0.19% |
| 93 | VANGUARD FTSE EMERGING MARKETS | 922042858 | 25,300 | $1.3M | 0.19% |
| 94 | OTTER TAIL CORP | OTTR | 15,950 | $1.2M | 0.18% |
| 95 | ACV AUCTIONS INC CLASS A | ACVA | 66,284 | $1.1M | 0.16% |
| 96 | HYDRO ONE LTD F | HYNLY | 29,700 | $1.1M | 0.16% |
| 97 | EAGLE BANCORP MONT INC | EBMT | 58,512 | $975,395 | 0.14% |
| 98 | CHEVRON CORP NEW | CVX | 6,469 | $926,283 | 0.14% |
| 99 | BERKSHIRE HATHAWAY CLASS B | BRK-A | 1,879 | $912,762 | 0.14% |
| 100 | ARGAN INC | AGX | 4,100 | $903,968 | 0.13% |
| 101 | MACOM TECHNOLOGY SOLUTIO | 55405y100 | 5,700 | $816,753 | 0.12% |
| 102 | DUKE ENERGY CORP NEW | DUKB | 6,832 | $806,176 | 0.12% |
| 103 | JOHNSON CONTROLS INTER F | JCI | 7,574 | $799,966 | 0.12% |
| 104 | CONSTELLATION ENERGY COR | CEG | 2,465 | $795,603 | 0.12% |
| 105 | SHELL PLC F SPONSORED ADR 1 AD | RYDAF | 11,100 | $781,551 | 0.12% |
| 106 | GILEAD SCIENCES INC | GILD | 7,019 | $778,156 | 0.12% |
| 107 | TEXAS INSTRS INC | 882508104 | 3,597 | $746,809 | 0.11% |
| 108 | REGENERON PHARMS INC | REGN | 1,405 | $737,625 | 0.11% |
| 109 | EMERA INC F | EMRJF | 15,800 | $723,392 | 0.11% |
| 110 | RBB BANCORP | RBB | 41,752 | $718,552 | 0.11% |
| 111 | BECTON DICKINSON & CO | BDX | 4,125 | $710,531 | 0.11% |
| 112 | WATERSTONE FINL INC MD | 94188p101 | 51,100 | $705,691 | 0.10% |
| 113 | ALLIANT ENERGY CORP | LNT | 11,300 | $683,311 | 0.10% |
| 114 | TORTOISE ENERGY INFRASTR | TYG | 15,241 | $668,927 | 0.10% |
| 115 | BP P L C F SPONSORED ADR 1 ADR | BPPFF | 21,900 | $655,467 | 0.10% |
| 116 | LABCORP HLDGS INC | LH | 2,310 | $606,398 | 0.09% |
| 117 | SMITH A O CORP | AOS | 9,200 | $603,244 | 0.09% |
| 118 | SELECT SECTOR UTI SELECT SPDR | 81369y886 | 7,057 | $576,275 | 0.09% |
| 119 | AMPHENOL CORP NEW CLASS A | 032095101 | 5,775 | $570,281 | 0.08% |
| 120 | 3M CO | MMM | 3,700 | $563,288 | 0.08% |
| 121 | ILLINOIS TOOL WKS INC | 452308109 | 2,200 | $543,950 | 0.08% |
| 122 | FIRST BUSEY ORD | BUSEP | 23,295 | $533,106 | 0.08% |
| 123 | FRANKLIN ELEC INC | FELE | 5,400 | $484,596 | 0.07% |
| 124 | OCEANFIRST FINL CORP | 675234108 | 27,200 | $478,992 | 0.07% |
| 125 | PALO ALTO NETWORKS INC | PANW | 2,256 | $461,668 | 0.07% |
| 126 | PHILLIPS 66 | PSX | 3,850 | $459,305 | 0.07% |
| 127 | MODERNA INC | MRNA | 16,100 | $444,199 | 0.07% |
| 128 | AGCO CORP DEL | AGCO | 4,300 | $443,588 | 0.07% |
| 129 | VANGUARD TOTAL STOCK MARKET ET | 922908769 | 1,354 | $411,521 | 0.06% |
| 130 | MARATHON PETROLEUM CORP | MARA | 2,463 | $409,129 | 0.06% |
| 131 | CIRRUS LOGIC INC | CRUS | 3,900 | $406,594 | 0.06% |
| 132 | SHERWIN-WILLIAMS CO | SHW | 1,150 | $394,864 | 0.06% |
| 133 | ILLUMINA INC | ILMN | 4,100 | $391,181 | 0.06% |
| 134 | THE COCA-COLA CO | KO | 5,492 | $388,559 | 0.06% |
| 135 | APTIV PLC F | APTV | 5,600 | $382,032 | 0.06% |
| 136 | AMERICAN ELEC PWR CO INC | 025537101 | 3,469 | $359,943 | 0.05% |
| 137 | ITT INC | ITT | 2,295 | $359,925 | 0.05% |
| 138 | NORWOOD FINL CORP | NWFL | 13,600 | $350,608 | 0.05% |
| 139 | NATIONAL BANK OF CANADA ORD | NBHC | 3,330 | $343,356 | 0.05% |
| 140 | MICRON TECHNOLOGY INC | MU | 2,763 | $340,540 | 0.05% |
| 141 | TERADATA CORP DEL | TDC | 15,100 | $336,881 | 0.05% |
| 142 | ISHS MSCI EMERG MRKT MIN VOL F | 464286533 | 5,350 | $335,980 | 0.05% |
| 143 | XYLEM INC | XYL | 2,580 | $333,749 | 0.05% |
| 144 | ALGONQUIN PWR & UTILS F | 015857105 | 56,100 | $321,453 | 0.05% |
| 145 | GERMAN AMERICAN BANCORP ORD | 373865104 | 8,190 | $315,397 | 0.05% |
| 146 | EATON CORP PLC F | ETN | 868 | $309,867 | 0.05% |
| 147 | IQVIA HLDGS INC | IQV | 1,900 | $299,421 | 0.04% |
| 148 | VANGUARD INFORMATION TECHNOLOG | 92204A702 | 445 | $295,160 | 0.04% |
| 149 | ROPER TECHNOLOGIES INC | ROP | 490 | $277,752 | 0.04% |
| 150 | INVSC WATER RESC PORTFOLIO ETF | IVZ | 3,920 | $274,047 | 0.04% |
| 151 | AECOM | ACM | 2,350 | $265,221 | 0.04% |
| 152 | WEC ENERGY GROUP INC | WEC | 2,466 | $256,957 | 0.04% |
| 153 | SPDR S&P REGIONAL BANKING ETF | 78464a698 | 4,300 | $255,377 | 0.04% |
| 154 | DENTSPLY SIRONA INC | XRAY | 15,800 | $250,904 | 0.04% |
| 155 | GENERAL MTRS CO | 37045v100 | 5,050 | $248,510 | 0.04% |
| 156 | TUTOR PERINI CORP | TPC | 5,000 | $233,900 | 0.03% |
| 157 | META PLATFORMS INC CLASS A | META | 315 | $232,498 | 0.03% |
| 158 | CRH ADR REPSG 1 ORD | CRH | 2,500 | $229,500 | 0.03% |
| 159 | PHILIP MORRIS INTERNATIONAL IN | 718172109 | 1,197 | $218,010 | 0.03% |
| 160 | FIRSTENERGY CORP | FE | 5,400 | $217,404 | 0.03% |
| 161 | ROCHE HLDG LTD F SPONSORED ADR | 771195104 | 5,300 | $216,028 | 0.03% |
| 162 | ISHARES BIOTECHNOLOGY ETF | 464287556 | 1,700 | $215,067 | 0.03% |
| 163 | THE MOSAIC CO | MOS | 5,750 | $209,760 | 0.03% |
| 164 | VERIZON COMMUNICATIONS I | VZ | 4,832 | $209,081 | 0.03% |
| 165 | INVSC QQQ TRUST SRS 1 ETF | IVZ | 379 | $209,072 | 0.03% |
| 166 | FLUOR CORP NEW | FLR | 4,000 | $205,080 | 0.03% |
| 167 | AMERISERV FINL INC | 03074a102 | 67,226 | $204,367 | 0.03% |
| 168 | INVSC S P 500 EQUAL WEIGHT ETF | IVZ | 1,109 | $201,550 | 0.03% |
| 169 | BOSTON SCIENTIFIC CORP | BSX | 1,874 | $201,286 | 0.03% |
| 170 | QUEST DIAGNOSTICS INC | DGX | 1,114 | $200,108 | 0.03% |
| 171 | GOODYEAR TIRE & RUBR CO | 382550101 | 18,000 | $186,660 | 0.03% |
| 172 | MEXICO FUND INC | 592835102 | 10,600 | $186,242 | 0.03% |
| 173 | AVANTOR INC | AVTR | 11,400 | $153,444 | 0.02% |
| 174 | AVALON ADVANCED MATERIALS INC | AVLNF | 18,750 | $416 | 0.00% |