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Portfolio (Quarterly) Guide ↗

JOHN G ULLMAN & ASSOCIATES INC

· CIK 0000919530
13F Portfolio $754M AUM 174 positions Filed May 6, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 10 New 26 Added 97 Reduced 15 Exited
Page 2 of 9  ·  174 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 MSFT MICROSOFT CORP Technology 29,035.0 $10.7M 1.43% -2K -7.3% $370.17 +14.4%
22 LNN LINDSAY CORP Industrials 88,410.0 $10.5M 1.40% +6K +7.4% $119.07 -9.2%
23 CACI CACI INTL INC CLASS A Technology 18,474.0 $10.0M 1.33% -450.0 -2.4% $543.87 -9.3%
24 EQT EQT CORP Energy 149,316.0 $9.5M 1.26% +4K +2.9% $63.64 -9.7%
25 FLS FLOWSERVE CORP Industrials 124,825.0 $9.2M 1.22% -13K -9.7% $73.51 -10.3%
26 WDC WESTERN DIGITAL CORP Technology 32,958.0 $8.9M 1.18% -31K -48.8% $270.49 +69.6%
27 BMY BRISTOL-MYERS SQUIBB Healthcare 144,565.0 $8.8M 1.16% -5K -3.6% $60.65 -3.9%
28 ASTE ASTEC INDUSTRIES INC Industrials 152,109.0 $8.2M 1.09% -24K -13.4% $53.84 -12.9%
29 ECG EVERUS CONSTRUCTION GROUP ORD Industrials 67,874.0 $8.0M 1.06% -9K -11.3% $118.06 +25.7%
30 DIS DISNEY WALT CO Communication Services 83,042.0 $8.0M 1.06% +9K +12.1% $96.38 +7.9%
31 MDU M D U RESOURCES GRP Industrials 376,640.0 $7.8M 1.03% -13K -3.3% $20.72 +8.5%
32 ITRI ITRON INC Technology 80,656.0 $7.2M 0.96% +22K +37.5% $89.63 -9.9%
33 GRC GORMAN RUPP CO CLASS EQUITY Industrials 112,656.0 $7.0M 0.93% -925.0 -0.8% $62.13 +15.6%
34 GVA GRANITE CONSTR INC Industrials 57,755.0 $6.9M 0.92% -17K -23.1% $119.88 +14.5%
35 HON HONEYWELL INTL INC Industrials 29,360.0 $6.6M 0.88% -225.0 -0.8% $226.03 -3.9%
36 NJR NEW JERSEY RES CORP Utilities 117,260.0 $6.4M 0.85% -3K -2.4% $54.92 +4.9%
37 VMC VULCAN MATLS CO Basic Materials 22,850.0 $6.2M 0.82% -2K -8.0% $272.30 -2.2%
38 JAZZ JAZZ PHARMACEUTICALS P F Healthcare 32,833.0 $6.2M 0.82% -2K -4.6% $189.05 +21.4%
39 BCE BCE INC F Communication Services 241,927.0 $6.1M 0.81% +9K +3.7% $25.24 -5.0%
40 GOOGL ALPHABET INC CLASS A Communication Services 21,173.0 $6.1M 0.81% -968.0 -4.4% $287.56 +38.0%
Page 2 of 9  ·  174 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Technology 31.3%
Industrials 18.5%
Utilities 16.5%
Healthcare 9.7%
Energy 7.3%
Communication Services 5.1%
Consumer Cyclical 3.7%
Financial Services 2.5%
Basic Materials 2.4%
Real Estate 1.5%