13F HOLDINGS REPORT
JOHN G ULLMAN & ASSOCIATES INC
Quarter ended Q3 2025 · Filed November 5, 2025 · Accession 0000919530-25-000006
Total Value
$742.7M
Positions
173
Other Managers
0
Confidential Omitted
No
Holdings (173)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | TAIWAN SEMICONDUCTOR M F SPONS | 874039100 | 135,335 | $37.8M | 5.09% |
| 2 | EMERSON ELEC CO | EMR | 281,602 | $36.9M | 4.97% |
| 3 | CORNING INC | GLW | 409,169 | $33.6M | 4.52% |
| 4 | BROADCOM INC | AVGO | 81,921 | $27.0M | 3.64% |
| 5 | OGE ENERGY CORP | OGE | 508,249 | $23.5M | 3.17% |
| 6 | CISCO SYSTEMS INC | CSCO | 334,215 | $22.9M | 3.08% |
| 7 | TE CONNECTIVITY PLC F | TEL | 102,219 | $22.4M | 3.02% |
| 8 | IBM CORP | INTR | 68,020 | $19.2M | 2.58% |
| 9 | BLOOM ENERGY CORP CLASS A | BE | 225,183 | $19.0M | 2.56% |
| 10 | ESSENTIAL UTILS INC | 29670g102 | 464,925 | $18.6M | 2.50% |
| 11 | MICROSOFT CORP | MSFT | 31,959 | $16.6M | 2.23% |
| 12 | AMAZON.COM INC | AMZN | 68,089 | $15.0M | 2.01% |
| 13 | EXXON MOBIL CORP | XOM | 106,789 | $12.0M | 1.62% |
| 14 | NEXTERA ENERGY INC | NEE-PW | 156,653 | $11.8M | 1.59% |
| 15 | EVERSOURCE ENERGY | ES | 162,925 | $11.6M | 1.56% |
| 16 | DOMINION ENERGY INC | D | 180,488 | $11.0M | 1.49% |
| 17 | AMERICAN TOWER CORP NEW REIT | AMT | 56,718 | $10.9M | 1.47% |
| 18 | CACI INTL INC CLASS A | 127190304 | 19,899 | $9.9M | 1.34% |
| 19 | GENERAC HLDGS INC | GNRC | 57,875 | $9.7M | 1.30% |
| 20 | PORTLAND GENERAL ELECTRIC CO | 736508847 | 219,834 | $9.7M | 1.30% |
| 21 | SCHLUMBERGER LTD F | SLB | 275,120 | $9.5M | 1.27% |
| 22 | WESTERN DIGITAL CORP | WDC | 76,058 | $9.1M | 1.23% |
| 23 | ASTEC INDUSTRIES INC | 046224101 | 180,276 | $8.7M | 1.17% |
| 24 | DISNEY WALT CO | 254687106 | 74,844 | $8.6M | 1.15% |
| 25 | GRANITE CONSTR INC | GVA | 77,630 | $8.5M | 1.15% |
| 26 | MERCK & CO. INC. | MRK | 98,706 | $8.3M | 1.12% |
| 27 | LINDSAY CORP | LNN | 57,975 | $8.1M | 1.10% |
| 28 | EQT CORP | EQT | 143,850 | $7.8M | 1.05% |
| 29 | VULCAN MATLS CO | 929160109 | 25,350 | $7.8M | 1.05% |
| 30 | FLOWSERVE CORP | FLS | 141,150 | $7.5M | 1.01% |
| 31 | ITRON INC | ITRI | 58,005 | $7.2M | 0.97% |
| 32 | M D U RESOURCES GRP | 552690109 | 391,720 | $7.0M | 0.94% |
| 33 | EVERUS CONSTRUCTION GROUP ORD | EVEX-WT | 80,947 | $6.9M | 0.93% |
| 34 | BRISTOL-MYERS SQUIBB | CELG-RI | 152,108 | $6.9M | 0.92% |
| 35 | HONEYWELL INTL INC | 438516106 | 29,961 | $6.3M | 0.85% |
| 36 | LUMENTUM HOLDINGS INC | LITE | 37,673 | $6.1M | 0.83% |
| 37 | INTEL CORP | INTC | 181,809 | $6.1M | 0.82% |
| 38 | THERMO FISHER SCIENTIFIC | TMO | 12,090 | $5.9M | 0.79% |
| 39 | NEW JERSEY RES CORP | NJR | 120,994 | $5.8M | 0.78% |
| 40 | SYSCO CORP | SYY | 70,218 | $5.8M | 0.78% |
| 41 | EAGLE MATLS INC | EXP | 24,500 | $5.7M | 0.77% |
| 42 | TOMPKINS FINL CORP | 890110109 | 84,843 | $5.6M | 0.76% |
| 43 | NEXSTAR MEDIA GROUP INC | NXST | 27,475 | $5.4M | 0.73% |
| 44 | ALPHABET INC CLASS A | GOOG | 22,323 | $5.4M | 0.73% |
| 45 | VANECK VIETNAM ETF | 92189f817 | 299,674 | $5.3M | 0.72% |
| 46 | GORMAN RUPP CO CLASS EQUITY | GRC | 114,931 | $5.3M | 0.72% |
| 47 | LOWES COS INC | 548661107 | 20,230 | $5.1M | 0.68% |
| 48 | IDACORP INC | IDA | 38,379 | $5.1M | 0.68% |
| 49 | STATE STR CORP | STT-PG | 42,593 | $4.9M | 0.67% |
| 50 | FISERV INC | FISV | 37,971 | $4.9M | 0.66% |
| 51 | JAZZ PHARMACEUTICALS P F | JAZZ | 35,375 | $4.7M | 0.63% |
| 52 | SNOWFLAKE INC CLASS A | SNOW | 20,066 | $4.5M | 0.61% |
| 53 | KNIFE RIVER ORD | KNF | 57,942 | $4.5M | 0.60% |
| 54 | ORACLE CORP | ORCL-PD | 15,620 | $4.4M | 0.59% |
| 55 | APPLE INC | AAPL | 17,058 | $4.3M | 0.58% |
| 56 | ELECTRONIC ARTS INC | EA | 21,175 | $4.3M | 0.58% |
| 57 | VANGUARD S&P 500 ETF | 922908363 | 6,837 | $4.2M | 0.56% |
| 58 | ALPHABET INC CLASS C | GOOG | 16,973 | $4.1M | 0.56% |
| 59 | COHERENT CORP | COHR | 37,750 | $4.1M | 0.55% |
| 60 | ABBOTT LABS | ABLZF | 30,238 | $4.1M | 0.55% |
| 61 | PFIZER INC | PFE | 152,598 | $3.9M | 0.52% |
| 62 | GE HEALTHCARE TECHNOLOGI | GEHC | 48,070 | $3.6M | 0.49% |
| 63 | ENCOMPASS HEALTH CORP | EHC | 28,300 | $3.6M | 0.48% |
| 64 | GSK PLC ADR F SPONSORED ADR 1 | GLAXF | 80,960 | $3.5M | 0.47% |
| 65 | WATTS WATER TECHNOLOGIES CLASS | WTS | 11,700 | $3.3M | 0.44% |
| 66 | BLACK HILLS CORP | BKH | 52,291 | $3.2M | 0.43% |
| 67 | PUBLIC SVC ENTERPRISE GR | 744573106 | 38,222 | $3.2M | 0.43% |
| 68 | SANDISK CORP SNDK | SNDK | 28,188 | $3.2M | 0.43% |
| 69 | UNITED THERAPEUTICS CORP | UTHR | 7,080 | $3.0M | 0.40% |
| 70 | BCE INC F | BCPPF | 125,143 | $2.9M | 0.39% |
| 71 | SALESFORCE INC | CRM | 12,175 | $2.9M | 0.39% |
| 72 | PAYPAL HLDGS INC | PYPL | 39,530 | $2.7M | 0.36% |
| 73 | VONTIER CORP | VNT | 61,421 | $2.6M | 0.35% |
| 74 | AMGEN INC | AMGN | 9,000 | $2.5M | 0.34% |
| 75 | CROWN HLDGS INC | CCK | 25,739 | $2.5M | 0.33% |
| 76 | SOUTHERN CO | SOMN | 25,980 | $2.5M | 0.33% |
| 77 | CIENA CORP | CIEN | 16,700 | $2.4M | 0.33% |
| 78 | ADOBE INC | ADBE | 6,510 | $2.3M | 0.31% |
| 79 | GE VERNOVA INC | GEV | 3,639 | $2.2M | 0.30% |
| 80 | ZIMMER BIOMET HLDGS INC | ZBH | 22,700 | $2.2M | 0.30% |
| 81 | AGILENT TECHNOLOGIES INC | A | 17,075 | $2.2M | 0.30% |
| 82 | ELI LILLY AND CO | LLY | 2,842 | $2.2M | 0.29% |
| 83 | SOLVENTUM CORP | SOLV | 27,898 | $2.0M | 0.27% |
| 84 | EQUINOR ASA F SPONSORED ADR 1 | STOHF | 81,159 | $2.0M | 0.27% |
| 85 | TWILIO CL A ORD | TWLO | 19,741 | $2.0M | 0.27% |
| 86 | HALLIBURTON CO | HAL | 79,708 | $2.0M | 0.26% |
| 87 | SKANSKA AB F SPONSORED ADR 1 A | 830561205 | 72,766 | $1.9M | 0.25% |
| 88 | OTTER TAIL CORP | OTTR | 20,650 | $1.7M | 0.23% |
| 89 | WEBSTER FINL CORP | 947890109 | 27,850 | $1.7M | 0.22% |
| 90 | AZENTA INC | AZTA | 52,618 | $1.5M | 0.20% |
| 91 | VANGUARD FTSE EMERGING MARKETS | 922042858 | 25,200 | $1.4M | 0.18% |
| 92 | BAXTER INTL INC | 071813109 | 52,834 | $1.2M | 0.16% |
| 93 | ARGAN INC | AGX | 4,100 | $1.1M | 0.15% |
| 94 | REGENERON PHARMS INC | REGN | 1,955 | $1.1M | 0.15% |
| 95 | HYDRO ONE LTD F | HYNLY | 29,700 | $1.1M | 0.14% |
| 96 | CHEVRON CORP NEW | CVX | 6,411 | $995,549 | 0.13% |
| 97 | EAGLE BANCORP MONT INC | EBMT | 57,135 | $986,721 | 0.13% |
| 98 | BERKSHIRE HATHAWAY CLASS B | BRK-A | 1,879 | $944,648 | 0.13% |
| 99 | JOHNSON CONTROLS INTER F | JCI | 8,224 | $904,229 | 0.12% |
| 100 | WATERSTONE FINL INC MD | 94188p101 | 56,498 | $881,369 | 0.12% |
| 101 | BECTON DICKINSON & CO | BDX | 4,523 | $846,570 | 0.11% |
| 102 | CONSTELLATION ENERGY COR | CEG | 2,465 | $811,157 | 0.11% |
| 103 | SHELL PLC F SPONSORED ADR 1 AD | RYDAF | 11,100 | $793,983 | 0.11% |
| 104 | DUKE ENERGY CORP NEW | DUKB | 6,403 | $792,371 | 0.11% |
| 105 | GILEAD SCIENCES INC | GILD | 6,995 | $776,405 | 0.10% |
| 106 | RBB BANCORP | RBB | 40,850 | $766,346 | 0.10% |
| 107 | ALLIANT ENERGY CORP | LNT | 11,300 | $761,733 | 0.10% |
| 108 | EMERA INC F | EMRJF | 15,800 | $757,878 | 0.10% |
| 109 | BP P L C F SPONSORED ADR 1 ADR | BPPFF | 21,950 | $756,397 | 0.10% |
| 110 | SMITH A O CORP | AOS | 9,700 | $712,077 | 0.10% |
| 111 | MACOM TECHNOLOGY SOLUTIO | 55405y100 | 5,700 | $709,593 | 0.10% |
| 112 | APTIV PLC F | APTV | 8,150 | $702,693 | 0.09% |
| 113 | ACV AUCTIONS INC CLASS A | ACVA | 66,284 | $656,874 | 0.09% |
| 114 | TORTOISE ENERGY INFRASTR | TYG | 15,241 | $656,735 | 0.09% |
| 115 | TEXAS INSTRS INC | 882508104 | 3,491 | $641,401 | 0.09% |
| 116 | LABCORP HLDGS INC | LH | 2,210 | $634,403 | 0.09% |
| 117 | SELECT SECTOR UTI SELECT SPDR | 81369y886 | 7,057 | $615,441 | 0.08% |
| 118 | MODERNA INC | MRNA | 23,750 | $613,462 | 0.08% |
| 119 | ILLUMINA INC | ILMN | 6,450 | $612,556 | 0.08% |
| 120 | 3M CO | MMM | 3,900 | $605,202 | 0.08% |
| 121 | HAEMONETICS | HAE | 11,950 | $582,443 | 0.08% |
| 122 | ILLINOIS TOOL WKS INC | 452308109 | 2,200 | $573,672 | 0.08% |
| 123 | TERADATA CORP DEL | TDC | 26,200 | $563,562 | 0.08% |
| 124 | FIRST BUSEY ORD | BUSEP | 22,913 | $530,436 | 0.07% |
| 125 | PHILLIPS 66 | PSX | 3,850 | $523,677 | 0.07% |
| 126 | FRANKLIN ELEC INC | FELE | 5,400 | $514,080 | 0.07% |
| 127 | MICRON TECHNOLOGY INC | MU | 2,963 | $495,769 | 0.07% |
| 128 | CIRRUS LOGIC INC | CRUS | 3,900 | $488,631 | 0.07% |
| 129 | OCEANFIRST FINL CORP | 675234108 | 27,000 | $474,390 | 0.06% |
| 130 | AGCO CORP DEL | AGCO | 4,300 | $460,401 | 0.06% |
| 131 | VANGUARD TOTAL STOCK MARKET ET | 922908769 | 1,354 | $444,342 | 0.06% |
| 132 | GE AEROSPACE | 369604301 | 1,452 | $436,791 | 0.06% |
| 133 | PALO ALTO NETWORKS INC | PANW | 2,082 | $423,937 | 0.06% |
| 134 | XYLEM INC | XYL | 2,830 | $417,425 | 0.06% |
| 135 | THE COCA-COLA CO | KO | 6,222 | $412,643 | 0.06% |
| 136 | ITT INC | ITT | 2,295 | $410,254 | 0.06% |
| 137 | ALGONQUIN PWR & UTILS F | 015857105 | 74,350 | $399,259 | 0.05% |
| 138 | SHERWIN-WILLIAMS CO | SHW | 1,150 | $398,199 | 0.05% |
| 139 | NOVARTIS AG | NVSEF | 2,980 | $382,155 | 0.05% |
| 140 | AMERICAN ELEC PWR CO INC | 025537101 | 3,390 | $381,375 | 0.05% |
| 141 | IQVIA HLDGS INC | IQV | 1,900 | $360,886 | 0.05% |
| 142 | NATIONAL BANK OF CANADA ORD | NBHC | 3,330 | $353,579 | 0.05% |
| 143 | ISHS MSCI EMERG MRKT MIN VOL F | 464286533 | 5,300 | $338,299 | 0.05% |
| 144 | VANGUARD INFORMATION TECHNOLOG | 92204A702 | 445 | $332,250 | 0.04% |
| 145 | TUTOR PERINI CORP | TPC | 5,000 | $327,950 | 0.04% |
| 146 | EATON CORP PLC F | ETN | 868 | $324,849 | 0.04% |
| 147 | GERMAN AMERICAN BANCORP ORD | 373865104 | 8,190 | $321,621 | 0.04% |
| 148 | NORWOOD FINL CORP | NWFL | 12,600 | $320,292 | 0.04% |
| 149 | SEAGATE TECHNOLOGY HOLDINGS | SE | 1,338 | $315,848 | 0.04% |
| 150 | GENERAL MTRS CO | 37045v100 | 5,050 | $307,898 | 0.04% |
| 151 | DENTSPLY SIRONA INC | XRAY | 23,700 | $300,753 | 0.04% |
| 152 | CRH ADR REPSG 1 ORD | CRH | 2,500 | $299,750 | 0.04% |
| 153 | INVSC WATER RESC PORTFOLIO ETF | IVZ | 3,920 | $282,671 | 0.04% |
| 154 | WEC ENERGY GROUP INC | WEC | 2,466 | $282,579 | 0.04% |
| 155 | SPDR S&P REGIONAL BANKING ETF | 78464a698 | 4,300 | $272,190 | 0.04% |
| 156 | FIRSTENERGY CORP | FE | 5,400 | $247,428 | 0.03% |
| 157 | ISHARES BIOTECHNOLOGY ETF | 464287556 | 1,700 | $245,429 | 0.03% |
| 158 | ROPER TECHNOLOGIES INC | ROP | 490 | $244,358 | 0.03% |
| 159 | ABBVIE INC | ABBV | 1,055 | $244,275 | 0.03% |
| 160 | META PLATFORMS INC CLASS A | META | 315 | $231,330 | 0.03% |
| 161 | INVSC QQQ TRUST SRS 1 ETF | IVZ | 379 | $227,540 | 0.03% |
| 162 | ROCHE HLDG LTD F SPONSORED ADR | 771195104 | 5,300 | $221,593 | 0.03% |
| 163 | FIDELITY ENHANCED SMALL CAP ET | 31609A206 | 5,847 | $213,765 | 0.03% |
| 164 | QUEST DIAGNOSTICS INC | DGX | 1,114 | $212,306 | 0.03% |
| 165 | GOLDMAN SACHS GROUP INC | GSCE | 265 | $211,033 | 0.03% |
| 166 | INVSC S P 500 EQUAL WEIGHT ETF | IVZ | 1,109 | $210,377 | 0.03% |
| 167 | MEXICO FUND INC | 592835102 | 10,600 | $208,820 | 0.03% |
| 168 | VERIZON COMMUNICATIONS I | VZ | 4,732 | $207,971 | 0.03% |
| 169 | AVANTOR INC | AVTR | 16,300 | $203,424 | 0.03% |
| 170 | VANGUARD VALUE ETF | 922908744 | 1,090 | $203,274 | 0.03% |
| 171 | AMERISERV FINL INC | 03074a102 | 65,185 | $189,036 | 0.03% |
| 172 | GOODYEAR TIRE & RUBR CO | 382550101 | 18,300 | $136,884 | 0.02% |
| 173 | AVALON ADVANCED MATERIALS INC | AVLNF | 18,750 | $527 | 0.00% |