SEC 13F Intelligence

Managers / Q4 2018 · view latest →

Grassi Investment Management

CIK 0001608531 · 2350 MISSION COLLEGE BLVD STE 190, SANTA CLARA, CA, 95054 · 650-934-0770

Reported Value
$582M
Q4 2018
Positions
111
Filings on Record
28
2019–present window
Filed
Jan 10, 2019
original filing

Summary

Grassi Investment Management reported $582M in U.S.-listed holdings across 111 positions for Q4 2018.

Its largest position, Quotient Tech, represents 10.3% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+32.9%
share of reported value
Largest Position
+10.3%
Quotient Tech

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $582MQ4 ’18Q1 ’19: $675MQ2 ’19: $678MQ3 ’19: $667MQ4 ’19: $739MQ4 ’19Q1 ’20: $572MQ2 ’20: $694MQ3 ’20: $706MQ4 ’20: $788MQ4 ’20Q1 ’21: $882MQ2 ’21: $921MQ3 ’21: $889MQ4 ’21: $1.0BQ4 ’21Q1 ’22: $957MQ2 ’22: $757MQ3 ’22: $686MQ1 ’23: $806MQ1 ’23Q2 ’23: $909MQ3 ’23: $869MQ4 ’23: $954MQ1 ’24: $1.1BQ1 ’24Q2 ’24: $1.1BQ3 ’24: $1.2BQ4 ’24: $1.2BQ1 ’25: $1.1BQ1 ’25Q2 ’25: $1.3Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 78.1%Other: 13.0%REIT: 6.1%ADR: 2.4%MLP: 0.3%
  • Common Stock · 78.1% · $455M
  • Other · 13.0% · $76M
  • REIT · 6.1% · $35M
  • ADR · 2.4% · $14M
  • MLP · 0.3% · $2M

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
QUOTIENT TECH.NEW+5.60M5.60M+$60M$60M
BABOEINGNEW+57.6K57.6K+$19M$19M
MSFTMICROSOFT CORPNEW+182.2K182.2K+$19M$19M
AAPLAPPLE COMPUTERNEW+104.9K104.9K+$17M$17M
VISA INC CL ANEW+118.8K118.8K+$16M$16M
JPMJP MORGAN CHASENEW+138.8K138.8K+$14M$14M
BACBANK OF AMERICANEW+511.6K511.6K+$13M$13M
ABBVABBVIE INC.NEW+133.4K133.4K+$12M$12M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2018

110 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1QUOTIENT TECH.COM10.27%$60M5.60M
2BABOEINGhistory →COM3.19%$19M57.6K
3MSFTMICROSOFT CORPhistory →COM3.18%$19M182.2K
4AAPLAPPLE COMPUTERhistory →COM2.84%$17M104.9K
5VISA INC CL ACOM2.69%$16M118.8K
6JPMJP MORGAN CHASEhistory →COM2.33%$14M138.8K
7BACBANK OF AMERICAhistory →COM2.17%$13M511.6K
8ABBVABBVIE INC.history →COM2.11%$12M133.4K
9PLDPROLOGIShistory →COM2.10%$12M208.1K
10NVDANVIDIA CORPhistory →COM2.05%$12M89.5K
11DOWDUPONT INCCOM2.05%$12M222.7K
12PGPROCTER & GAMBLEhistory →COM1.84%$11M116.5K
13CITIGROUP INCCOM1.79%$10M200.2K
14AMATAPPLIED MATERIALShistory →COM1.76%$10M313.4K
15LLYLILLY, ELI & COhistory →COM1.72%$10M86.5K
16IBMIBM CORPORATIONhistory →COM1.68%$10M86.2K
17PFEPFIZER INChistory →COM1.67%$10M222.9K
18HONHONEYWELL INTLhistory →COM1.61%$9M70.9K
19MERCK & CO INCCOM1.61%$9M122.4K
20ABTABBOTT LABS COMhistory →COM1.53%$9M123.1K
21AMTAMERICAN TOWERhistory →COM1.51%$9M55.4K
22JNJJOHN. & JOHN.history →COM1.50%$9M67.5K
23CVXCHEVRON CORPhistory →COM1.43%$8M76.4K
24HP INC.COM1.41%$8M401.0K
25FRCBFIRST REPUBLIChistory →COM1.40%$8M94.0K
26MMM3M COMPANYhistory →COM1.40%$8M42.8K
27DISDISNEY, WALT COhistory →COM1.39%$8M73.9K
28UNPUNION PACIFIChistory →COM1.39%$8M58.6K
29LMTLOCKHEED MARTINhistory →COM1.39%$8M30.8K
30CATCATERPILLARhistory →COM1.38%$8M63.3K
31RIORIO TINTOhistory →COM1.38%$8M165.3K
32EXMOCEXXON MOBIL CORPhistory →COM1.37%$8M117.1K
33RAYTHEONCOM1.31%$8M49.5K
34AMGNAMGEN INChistory →COM1.27%$7M38.0K
35PEPPEPSICO INChistory →COM1.27%$7M66.6K
36VZVERIZON COMMhistory →COM1.26%$7M130.8K
37CRMSALESFORCE.COMhistory →COM1.20%$7M50.9K
38HDHOME DEPOT INChistory →COM1.13%$7M38.2K
39UTXZUNITED TECHhistory →COM1.05%$6M57.6K
40INTCINTEL CORPORATIONhistory →COM1.05%$6M130.3K
41CYRUSONE INCCOM1.04%$6M114.2K
42MOALTRIA GROUP INChistory →COM1.01%$6M119.3K
43RYL DTCH SHELLCOM1.01%$6M100.7K
44CONOCOPHILLIPSCOM0.97%$6M90.9K
45WFCWELLS FARGO & COCOM0.97%$6M122.8K
46MARMARRIOTT INTLCOM0.95%$6M51.0K
47CSCOCISCO SYSTEMS INCCOM0.95%$6M127.7K
48EMREMERSON ELECTRICCOM0.93%$5M90.2K
49CMCSACOMCAST CL ACOM0.91%$5M155.6K
50MSMORGAN STANLEYCOM0.88%$5M129.0K
51ALLERGAN INC.COM0.85%$5M37.0K
52SCHWCHARLES SCHWABCOM0.81%$5M113.3K
53NOWSERVICENOW, INCCOM0.72%$4M23.6K
54GSGOLDMAN SACHSCOM0.70%$4M24.5K
55NUENUCOR CORPCOM0.68%$4M76.1K
56GENERAL ELECTRICCOM0.66%$4M505.5K
57DLRDIGITAL REALTY TRCOM0.64%$4M35.0K
58BMYBRISTOL-MYERSCOM0.64%$4M71.4K
59PYPLPAYPALCOM0.60%$3M41.5K
60PMPHILIP MORRIS INTLCOM0.55%$3M48.1K
61GOOGLALPHABET CLASS ACOM0.49%$3M2.7K
62WMTWAL-MART STORESCOM0.48%$3M30.1K
63AXPAMERICAN EXPRESSCOM0.38%$2M23.1K
64NWLNEWELL BRANDSCOM0.36%$2M112.1K
65BLACKSTONECOM0.34%$2M65.9K
66KEYKEYCORPCOM0.33%$2M129.6K
67RHIROBERT HALF INTLCOM0.25%$1M25.5K
68METAFACEBOOK, INC.COM0.22%$1M9.6K
69LWLAMB WESTONCOM0.21%$1M17.0K
70FREEPORT MCMORANCOM0.19%$1M107.7K
71EPDENTERPRISE PRODSCOM0.18%$1M43.5K
72AMZNAMAZON.COMCOM0.17%$1M677
73WBAWALGREEN COCOM0.17%$1M14.8K
74TRGPTARGA CORPCOM0.17%$987,00027.4K
75LAM RESEARCH CORPCOM0.17%$980,0007.2K
76CCICROWN CASTLE INT'LCOM0.16%$943,0008.7K
77CLXCLOROX COMPANYCOM0.16%$925,0006.0K
78OXYOCCIDENTAL PETCOM0.15%$899,00014.6K
79AVBAVALONBAYCOM0.13%$746,0004.3K
80CPTCAMDEN PROPERTYCOM0.12%$712,0008.1K
81HILTON WORLDWIDECOM0.12%$711,0009.9K
82GAPGAP INCCOM0.12%$685,00026.6K
83SPGSIMON PPTY GRP INCCOM0.12%$682,0004.1K
84FIRE EYE, INCCOM0.11%$665,00041.0K
85COSTCOSTCO WHOLESALECOM0.10%$610,0003.0K
86ANADARKO PETROCOM0.10%$603,00013.8K
87VTRVENTAS INC.COM0.10%$603,00010.3K
88ORCLORACLE CORPCOM0.09%$551,00012.2K
89STWDSTARWOOD PROP TRSTCOM0.09%$509,00025.8K
90MAGELLANCOM0.08%$448,0007.8K
91CICIGNA CORPCOM0.08%$437,0002.3K
92ALCOACOM0.07%$427,00016.1K
93AT&TCOM0.07%$416,00014.6K
94HPEHEWLETT-PACKARD ENTCOM0.07%$384,00029.1K
95ENERGY TRANSFERCOM0.06%$348,00026.3K
96NSRGYNESTLE SACOM0.06%$343,0004.2K
97CAGCONAGRACOM0.06%$323,00015.1K
98BENFRANKLIN RESCOM0.05%$320,00010.8K
99REGENCY CENTERSCOM0.05%$308,0005.3K
100AMERICAN CAMPUSCOM0.05%$290,0007.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q2 2025$1.3B128Jul 21, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.1B122Apr 10, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.2B130Jan 21, 2025RESTATEMENTchanges · EDGAR ↗
Q3 2024$1.2B128Oct 22, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.1B130Jul 9, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.1B125Apr 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$954M122Jan 10, 202413F-HRchanges · EDGAR ↗
Q3 2023$869M123Oct 11, 202313F-HRchanges · EDGAR ↗
Q2 2023$909M125Jul 11, 202313F-HRchanges · EDGAR ↗
Q1 2023$806M126Apr 11, 202313F-HRchanges · EDGAR ↗
Q4 2022Under review119Jan 10, 202313F-HRchanges · EDGAR ↗
Q3 2022$686M121Oct 12, 202213F-HRchanges · EDGAR ↗
Q2 2022$757M125Jul 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$957M136Apr 12, 202213F-HRchanges · EDGAR ↗
Q4 2021$1.0B146Jan 13, 202213F-HRchanges · EDGAR ↗
Q3 2021$889M142Oct 12, 202113F-HRchanges · EDGAR ↗
Q2 2021$921M143Jul 9, 202113F-HRchanges · EDGAR ↗
Q1 2021$882M143Apr 12, 202113F-HRchanges · EDGAR ↗
Q4 2020$788M136Jan 19, 202113F-HRchanges · EDGAR ↗
Q3 2020$706M128Oct 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$694M130Jul 15, 202013F-HRchanges · EDGAR ↗
Q1 2020$572M107Apr 8, 202013F-HRchanges · EDGAR ↗
Q4 2019$739M112Jan 10, 202013F-HRchanges · EDGAR ↗
Q3 2019$667M120Oct 4, 201913F-HRchanges · EDGAR ↗
Q2 2019$678M119Jul 10, 201913F-HRchanges · EDGAR ↗
Q1 2019$675M136Apr 10, 201913F-HRchanges · EDGAR ↗
Q4 2018$582M111Jan 10, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.