Latest JOHN G ULLMAN & ASSOCIATES INC Stock Portfolio

JOHN G ULLMAN & ASSOCIATES INC Performance:

2025 Q4: 4.36%YTD: 23.46%2024: 13.4%

Performance for 2025 Q4 is 4.36%, and YTD is 23.46%, and 2024 is 13.4%.

About JOHN G ULLMAN & ASSOCIATES INC and 13F Hedge Fund Stock Holdings

On 2026-02-05, the fund reported it's updated stock portfolio. In the 13F Holdings report, JOHN G ULLMAN & ASSOCIATES INC reported an equity portfolio of $750 Millions as of 31 Dec, 2025.

The top stock holdings of JOHN G ULLMAN & ASSOCIATES INC are TSM, EMR, GLW. The fund has invested 5.2% of it's portfolio in TAIWAN SEMICONDUCTOR M F SPONS and 4.9% of portfolio in EMERSON ELEC CO.

The fund managers got completely rid off BAXTER INTL INC (BAX), DENTSPLY SIRONA INC (XRAY) and INVSC S P 500 EQUAL WEIGHT ETF (CSD) stocks. They significantly reduced their stock positions in LUMENTUM HOLDINGS INC (LITE), FISERV INC and BLOOM ENERGY CORP CLASS A (BE). JOHN G ULLMAN & ASSOCIATES INC opened new stock positions in KEURIG DR PEPPER INC (KDP), MANHATTAN ASSOCIATES ORD (MANH) and PLANET FITNESS INC (PLNT). The fund showed a lot of confidence in some stocks as they added substantially to SELECT SECTOR UTI SELECT SPDR (XLB), BCE INC F and ADOBE INC (ADBE).

JOHN G ULLMAN & ASSOCIATES INC Annual Return Estimates Vs S&P 500

Our best estimate is that JOHN G ULLMAN & ASSOCIATES INC made a return of 4.36% in the last quarter. In trailing 12 months, it's portfolio return was 23.46%.

Performance
S&P 500

New Buys

Ticker	$ Bought
keurig dr pepper inc	4,442,390
manhattan associates ord	2,105,720
planet fitness inc	1,345,030
york water ord	1,179,670
booking holdings ord	1,081,780
nvidia corp	297,630
albemarle corp	297,024
solstice advanced materials or	286,573

New stocks bought by JOHN G ULLMAN & ASSOCIATES INC

Additions

Ticker	% Inc.
select sector uti select spdr	196
bce inc f	86.45
adobe inc	81.95
quest diagnostics inc	73.43
equinor asa f sponsored adr 1	58.71
lindsay corp	41.96
pfizer inc	35.04
illumina inc	21.32

Additions to existing portfolio by JOHN G ULLMAN & ASSOCIATES INC

Reductions

Ticker	% Reduced
lumentum holdings inc	-84.71
fiserv inc	-80.38
novartis ag	-48.66
bloom energy corp class a	-41.04
sandisk corp sndk	-40.91
becton dickinson & co	-39.75
ameriserv finl inc	-29.45
ibm corp	-28.41

JOHN G ULLMAN & ASSOCIATES INC reduced stake in above stock

Sold off

Ticker	$ Sold
baxter intl inc	-1,203,030
dentsply sirona inc	-300,753
avantor inc	-203,424
verizon communications i	-207,971
invsc s p 500 equal weight etf	-210,377

JOHN G ULLMAN & ASSOCIATES INC got rid off the above stocks

Sector Distribution

JOHN G ULLMAN & ASSOCIATES INC has about 24.5% of it's holdings in Technology sector.

Sector	%
Technology	24.5
Others	16.2
Industrials	16.1
Utilities	14.7
Healthcare	8.6
Energy	4.6
Communication Services	4.4
Consumer Cyclical	3.5
Financial Services	2.8
Basic Materials	1.9
Real Estate	1.4
Consumer Defensive	1.3

Market Cap. Distribution

JOHN G ULLMAN & ASSOCIATES INC has about 59.4% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	44.1
MID-CAP	19.4
UNALLOCATED	16.3
MEGA-CAP	15.3
SMALL-CAP	4.5

Stocks belong to which Index?

About 66.9% of the stocks held by JOHN G ULLMAN & ASSOCIATES INC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	55.1
Others	33.1
RUSSELL 2000	11.8

Top 5 Winners (%)		%
	sandisk corp sndk	88.7 %
LITE	lumentum holdings inc	72.9 %
MU	micron technology inc	70.6 %
COHR	coherent corp	62.0 %
CIEN	ciena corp	60.2 %

Top 5 Winners ($)		$
LITE	lumentum holdings inc	4.5 M
WDC	western digital corp	3.7 M
TSM	taiwan semiconductor m f spons	3.2 M
CSCO	cisco systems inc	2.9 M
	sandisk corp sndk	2.8 M

Top 5 Losers (%)		%
XLB	select sector uti select spdr	-41.1 %
ORCL	oracle corp	-29.0 %
	fiserv inc	-28.6 %
ITRI	itron inc	-25.3 %
ACVA	acv auctions inc class a	-19.1 %

Top 5 Losers ($)		$
ITRI	itron inc	-1.8 M
OGE	oge energy corp	-1.8 M
GNRC	generac hldgs inc	-1.8 M
LNN	lindsay corp	-1.6 M
ORCL	oracle corp	-1.5 M

JOHN G ULLMAN & ASSOCIATES INC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of JOHN G ULLMAN & ASSOCIATES INC

JOHN G ULLMAN & ASSOCIATES INC has 179 stocks in it's portfolio. About 32.8% of the portfolio is in top 10 stocks. ITRI proved to be the most loss making stock for the portfolio. LITE was the most profitable stock for JOHN G ULLMAN & ASSOCIATES INC last quarter.

Last Reported on: 05 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
A	agilent technologies inc	0.28	15,175	2,064,860	reduced	-11.13

AAPL	apple inc	0.61	16,758	4,555,830	reduced	-1.76

ABBV	abbvie inc	0.03	1,055	241,057	unchanged	0.00

ABT	abbott labs	0.50	29,763	3,729,010	reduced	-1.57

ACVA	acv auctions inc class a	0.07	66,284	531,598	unchanged	0.00

ACWV	ishs msci emerg mrkt min vol f	0.04	5,300	339,412	unchanged	0.00

ADBE	adobe inc	0.55	11,845	4,145,630	added	81.95

AEP	american elec pwr co inc	0.05	3,390	390,901	unchanged	0.00

AFK	vaneck vietnam etf	0.74	291,174	5,555,600	reduced	-2.84

AGCO	agco corp del	0.06	4,100	427,712	reduced	-4.65

AGX	argan inc	0.17	4,000	1,253,280	reduced	-2.44

ALB	albemarle corp	0.04	2,100	297,024	new

AMGN	amgen inc	0.38	8,800	2,880,330	reduced	-2.22

AMT	american tower corp new reit	1.43	61,218	10,748,000	added	7.93

AMZN	amazon.com inc	2.07	67,287	15,531,200	reduced	-1.18

AOS	smith a o corp	0.09	9,700	648,736	unchanged	0.00

APH	amphenol corp new class a	0.03	1,654	223,522	new

ASRV	ameriserv finl inc	0.02	45,985	146,692	reduced	-29.45

ASTE	astec industries inc	1.01	175,676	7,610,280	reduced	-2.55

AVGO	broadcom inc	2.88	62,445	21,612,200	reduced	-23.77