SEC 13F Intelligence

Managers / Q1 2019 · view latest →

Grassi Investment Management

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

Reported Value
$675M
Q1 2019
Positions
136
Filings on Record
28
2019–present window
Filed
Apr 10, 2019
original filing

Summary

Grassi Investment Management reported $675M in U.S.-listed holdings across 136 positions for Q1 2019.

Its largest position, Quotient Tech, represents 8.2% of the portfolio.

Compared with Q4 2018, the fund opened 39 new positions and exited 14.

Portfolio Metrics

Turnover
+7.3%
vs prior filed quarter
Top-10 Concentration
+31.2%
share of reported value
Largest Position
+8.2%
Quotient Tech
New / Exited
39 / 14
positions this quarter

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: 74.6%Other: 12.3%REIT: 7.6%ADR: 2.5%ETP: 2.4%Other: 0.6%
  • Common Stock · 74.6% · $503M
  • Other · 12.3% · $83M
  • REIT · 7.6% · $51M
  • ADR · 2.5% · $17M
  • ETP · 2.4% · $16M
  • Other · 0.6% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
STZCONSTELLATIONNEW+49.7K49.7K+$9M$9M
WDCWESTERN DIGITALNEW+178.5K178.5K+$9M$9M
QQQINVESCO QQQNEW+17.0K17.0K+$3M$3M
XLIINDSTLS SELECT SPDRNEW+31.2K31.2K+$2M$2M
XLKSPDR TECHNOLOGYNEW+31.3K31.3K+$2M$2M
PPAINVESCO AEROSP & DEFNEW+36.2K36.2K+$2M$2M
AMDADVANCED MICRO DEVNEW+81.2K81.2K+$2M$2M
FINANCIAL SELECTNEW+76.1K76.1K+$2M$2M

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

Holdings — Q1 2019

135 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1QUOTIENT TECH.COM8.20%$55M5.61M
2BABOEINGhistory →COM3.30%$22M58.4K
3MSFTMICROSOFT CORPhistory →COM3.26%$22M186.7K
4AAPLAPPLE COMPUTERhistory →COM2.95%$20M104.9K
5VISA INC CL ACOM2.83%$19M122.3K
6NVDANVIDIA CORPhistory →COM2.48%$17M93.2K
7PLDPROLOGIShistory →COM2.22%$15M207.9K
8JPMJP MORGAN CHASEhistory →COM2.08%$14M138.8K
9BACBANK OF AMERICAhistory →COM2.05%$14M501.6K
10CITIGROUP INCCOM1.84%$12M199.9K
11AMATAPPLIED MATERIALShistory →COM1.83%$12M312.1K
12IBMIBM CORPORATIONhistory →COM1.81%$12M86.6K
13PGPROCTER & GAMBLEhistory →COM1.80%$12M116.5K
14HONHONEYWELL INTLhistory →COM1.68%$11M71.4K
15LLYLILLY, ELI & COhistory →COM1.66%$11M86.5K
16DOWDUPONT INCCOM1.57%$11M198.3K
17MERCK & CO INCCOM1.52%$10M123.1K
18ABTABBOTT LABS COMhistory →COM1.46%$10M123.4K
19RIORIO TINTOhistory →COM1.43%$10M163.7K
20JNJJOHN. & JOHN.history →COM1.42%$10M68.5K
21AMTAMERICAN TOWERhistory →COM1.41%$10M48.4K
22PFEPFIZER INChistory →COM1.40%$9M222.9K
23EXMOCEXXON MOBIL CORPhistory →COM1.40%$9M117.1K
24FRCBFIRST REPUBLIChistory →COM1.40%$9M94.0K
25CVXCHEVRON CORPhistory →COM1.39%$9M76.3K
26LMTLOCKHEED MARTINhistory →COM1.37%$9M30.9K
27AT&TCOM1.37%$9M295.4K
28RAYTHEONCOM1.35%$9M49.9K
29UNPUNION PACIFIChistory →COM1.32%$9M53.4K
30CRMSALESFORCE.COMhistory →COM1.32%$9M56.2K
31DLRDIGITAL REALTY TRhistory →COM1.31%$9M74.5K
32CATCATERPILLARhistory →COM1.30%$9M64.7K
33MMM3M COMPANYhistory →COM1.29%$9M42.1K
34STZCONSTELLATIONhistory →COM1.29%$9M49.7K
35WDCWESTERN DIGITALhistory →COM1.27%$9M178.5K
36DISDISNEY, WALT COhistory →COM1.23%$8M74.6K
37VZVERIZON COMMhistory →COM1.14%$8M130.4K
38UTXZUNITED TECHhistory →COM1.12%$8M58.9K
39HDHOME DEPOT INChistory →COM1.09%$7M38.2K
40MOALTRIA GROUP INChistory →COM1.05%$7M123.6K
41CSCOCISCO SYSTEMS INChistory →COM1.03%$7M129.0K
42GSGOLDMAN SACHShistory →COM1.00%$7M35.2K
43NOWSERVICENOW, INCCOM1.00%$7M27.3K
44STWDSTARWOOD PROPCOM0.99%$7M298.1K
45CYRUSONE INCCOM0.97%$7M125.1K
46PEPPEPSICO INCCOM0.97%$7M53.2K
47MARMARRIOTT INTLCOM0.94%$6M50.6K
48RYL DTCH SHELLCOM0.93%$6M100.6K
49ABBVABBVIE INC.COM0.93%$6M77.5K
50EMREMERSON ELECTRICCOM0.92%$6M91.2K
51CMCSACOMCAST CL ACOM0.92%$6M155.6K
52CONOCOPHILLIPSCOM0.90%$6M90.7K
53INTCINTEL CORPORATIONCOM0.86%$6M108.2K
54WFCWELLS FARGO & COCOM0.82%$6M115.0K
55MSMORGAN STANLEYCOM0.81%$5M129.2K
56NUENUCOR CORPCOM0.75%$5M86.5K
57GENERAL ELECTRICCOM0.75%$5M505.5K
58SCHWCHARLES SCHWABCOM0.71%$5M112.0K
59PYPLPAYPALCOM0.68%$5M44.4K
60BMYBRISTOL-MYERSCOM0.50%$3M71.4K
61GOOGLALPHABET CLASS ACOM0.49%$3M2.8K
62QQQINVESCO QQQCOM0.45%$3M17.0K
63WMTWAL-MART STORESCOM0.44%$3M30.1K
64AXPAMERICAN EXPRESSCOM0.37%$3M23.1K
65XLIINDSTLS SELECT SPDRCOM0.35%$2M31.2K
66XLKSPDR TECHNOLOGYCOM0.34%$2M31.3K
67BLACKSTONECOM0.34%$2M65.9K
68PPAINVESCO AEROSP & DEFCOM0.31%$2M36.2K
69AMDADVANCED MICRO DEVCOM0.31%$2M81.2K
70FINANCIAL SELECTCOM0.29%$2M76.1K
71RHIROBERT HALF INTLCOM0.25%$2M25.5K
72XLVHEALTH CARE SPDRCOM0.24%$2M17.3K
73AMZNAMAZON.COMCOM0.22%$1M824
74MUMICRON TECHNOLOGYCOM0.21%$1M34.6K
75LAM RESEARCH CORPCOM0.21%$1M7.8K
76BROADCOM LTDCOM0.19%$1M4.3K
77EPDENTERPRISE PRODSCOM0.19%$1M43.5K
78FREEPORT MCMORANCOM0.18%$1M96.8K
79CCICROWN CASTLE INT'LCOM0.17%$1M9.0K
80INNOVATOR IBD 50COM0.16%$1M31.4K
81VFINXVANGUARD INDX TRCOM0.15%$1M3.9K
82OXYOCCIDENTAL PETCOM0.14%$969,00014.6K
83CLXCLOROX COMPANYCOM0.14%$963,0006.0K
84XLBMATERIALS SLCT SPDRCOM0.14%$960,00017.3K
85PMPHILIP MORRIS INTLCOM0.14%$936,00010.6K
86WBAWALGREEN COCOM0.14%$933,00014.8K
87AVBAVALONBAYCOM0.13%$860,0004.3K
88CPTCAMDEN PROPERTYCOM0.12%$821,0008.1K
89KRANESHARES CSI CHINACOM0.12%$789,00016.8K
90XLYSPDR CONSUMER DISCRCOM0.11%$759,0006.7K
91SPGSIMON PPTY GRP INCCOM0.11%$740,0004.1K
92COSTCOSTCO WHOLESALECOM0.11%$725,0003.0K
93FIRE EYE, INCCOM0.10%$707,00042.1K
94GAPGAP INCCOM0.10%$696,00026.6K
95VTRVENTAS INC.COM0.10%$657,00010.3K
96ORCLORACLE CORPCOM0.10%$655,00012.2K
97METAFACEBOOK, INC.COM0.08%$542,0003.3K
98HP INC.COM0.07%$497,00025.6K
99MAGELLANCOM0.07%$476,0007.8K
100DIASPDR DOW JONES INDCOM0.06%$423,0001.6K

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 ↗.