SEC 13F Intelligence

Managers / Q2 2019 · view latest →

Grassi Investment Management

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

Reported Value
$678M
Q2 2019
Positions
119
Filings on Record
28
2019–present window
Filed
Jul 10, 2019
original filing

Summary

Grassi Investment Management reported $678M in U.S.-listed holdings across 119 positions for Q2 2019.

Its largest position, Quotient Tech, represents 8.5% of the portfolio.

Compared with Q1 2019, the fund opened 11 new positions and exited 28.

Portfolio Metrics

Turnover
+11.0%
vs prior filed quarter
Top-10 Concentration
+32.1%
share of reported value
Largest Position
+8.5%
Quotient Tech
New / Exited
11 / 28
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: 13.4%REIT: 8.0%ADR: 3.5%MLP: 0.3%Open-End Fund: 0.3%
  • Common Stock · 74.6% · $505M
  • Other · 13.4% · $91M
  • REIT · 8.0% · $54M
  • ADR · 3.5% · $23M
  • MLP · 0.3% · $2M
  • Open-End Fund · 0.3% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FORD MOTOR CONEW+881.3K881.3K+$9M$9M
ALCALCON INCNEW+126.7K126.7K+$8M$8M
DDDUPONT de NEMOURSNEW+70.0K70.0K+$5M$5M
DOW CHEMICALNEW+75.3K75.3K+$4M$4M
CNKCINEMARK HLDGSNEW+25.2K25.2K+$909,000$909,000
CIENCIENA CORPNEW+15.2K15.2K+$626,000$626,000
EXKEXACT SCIENCES CORPNEW+4.3K4.3K+$502,000$502,000
VLOVALERO ENERGY CORPNEW+3.5K3.5K+$300,000$300,000

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

Holdings — Q2 2019

118 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1QUOTIENT TECH.COM8.45%$57M5.33M
2MSFTMICROSOFT CORPhistory →COM3.69%$25M186.5K
3VISA INC CL ACOM3.14%$21M122.7K
4BABOEINGhistory →COM2.92%$20M54.4K
5AAPLAPPLE COMPUTERhistory →COM2.66%$18M91.2K
6PLDPROLOGIShistory →COM2.46%$17M207.8K
7NVDANVIDIA CORPhistory →COM2.41%$16M99.6K
8JPMJP MORGAN CHASEhistory →COM2.24%$15M135.8K
9BACBANK OF AMERICAhistory →COM2.10%$14M491.2K
10CITIGROUP INCCOM2.04%$14M197.4K
11AMATAPPLIED MATERIALShistory →COM2.00%$14M301.5K
12HONHONEYWELL INTLhistory →COM1.85%$13M71.8K
13IBMIBM CORPORATIONhistory →COM1.76%$12M86.5K
14PGPROCTER & GAMBLEhistory →COM1.72%$12M106.5K
15WDCWESTERN DIGITALhistory →COM1.67%$11M237.2K
16LMTLOCKHEED MARTINhistory →COM1.66%$11M30.9K
17DISDISNEY, WALT COhistory →COM1.55%$10M75.0K
18STZCONSTELLATIONhistory →COM1.54%$10M52.9K
19ABTABBOTT LABS COMhistory →COM1.53%$10M123.5K
20AT&TCOM1.53%$10M308.5K
21MERCK & CO INCCOM1.52%$10M123.0K
22RIORIO TINTOhistory →COM1.51%$10M163.9K
23AMTAMERICAN TOWERhistory →COM1.46%$10M48.4K
24JNJJOHN. & JOHN.history →COM1.42%$10M69.3K
25PFEPFIZER INChistory →COM1.42%$10M222.2K
26CVXCHEVRON CORPhistory →COM1.40%$9M76.2K
27CATCATERPILLARhistory →COM1.38%$9M68.8K
28FRCBFIRST REPUBLIChistory →COM1.35%$9M94.0K
29UNPUNION PACIFIChistory →COM1.33%$9M53.4K
30FORD MOTOR COCOM1.33%$9M881.3K
31RAYTHEONCOM1.33%$9M51.7K
32LLYLILLY, ELI & COhistory →COM1.30%$9M79.8K
33DLRDIGITAL REALTY TRhistory →COM1.30%$9M74.5K
34CRMSALESFORCE.COMhistory →COM1.25%$8M55.7K
35HDHOME DEPOT INChistory →COM1.18%$8M38.5K
36ALCALCON INChistory →COM1.16%$8M126.7K
37VZVERIZON COMMhistory →COM1.11%$8M131.3K
38CYRUSONE INCCOM1.08%$7M126.5K
39STWDSTARWOOD PROPhistory →COM1.07%$7M319.3K
40NOWSERVICENOW, INChistory →COM1.06%$7M26.3K
41CSCOCISCO SYSTEMS INChistory →COM1.06%$7M131.4K
42MARMARRIOTT INTLhistory →COM1.05%$7M50.6K
43PEPPEPSICO INChistory →COM1.03%$7M53.2K
44GSGOLDMAN SACHShistory →COM1.01%$7M33.3K
45MMM3M COMPANYCOM0.99%$7M38.6K
46CMCSACOMCAST CL ACOM0.97%$7M155.6K
47NVSNOVARTIS AGCOM0.97%$7M72.0K
48RYL DTCH SHELLCOM0.90%$6M93.3K
49MOALTRIA GROUP INCCOM0.85%$6M121.4K
50UTXZUNITED TECHCOM0.84%$6M43.8K
51ABBVABBVIE INC.COM0.83%$6M77.2K
52BMYBRISTOL-MYERSCOM0.83%$6M123.3K
53MSMORGAN STANLEYCOM0.82%$6M126.8K
54CONOCOPHILLIPSCOM0.81%$6M90.4K
55DDDUPONT de NEMOURSCOM0.78%$5M70.0K
56BROADCOM LTDCOM0.76%$5M17.9K
57INTCINTEL CORPORATIONCOM0.74%$5M105.3K
58GENERAL ELECTRICCOM0.69%$5M446.0K
59NUENUCOR CORPCOM0.64%$4M79.0K
60DOW CHEMICALCOM0.55%$4M75.3K
61AMDADVANCED MICRO DEVCOM0.53%$4M118.1K
62SCHWCHARLES SCHWABCOM0.53%$4M88.8K
63WFCWELLS FARGO & COCOM0.50%$3M72.0K
64WMTWAL-MART STORESCOM0.49%$3M30.2K
65BLACKSTONECOM0.44%$3M67.5K
66AXPAMERICAN EXPRESSCOM0.42%$3M23.1K
67GOOGLALPHABET CLASS ACOM0.42%$3M2.6K
68EXMOCEXXON MOBIL CORPCOM0.37%$3M32.7K
69MUMICRON TECHNOLOGYCOM0.33%$2M58.0K
70FREEPORT MCMORANCOM0.31%$2M179.2K
71AMZNAMAZON.COMCOM0.23%$2M825
72LAM RESEARCH CORPCOM0.21%$1M7.6K
73EPDENTERPRISE PRODSCOM0.18%$1M43.3K
74CCICROWN CASTLE INT'LCOM0.17%$1M9.0K
75VFINXVANGUARD INDX TRCOM0.14%$950,0003.5K
76CLXCLOROX COMPANYCOM0.14%$919,0006.0K
77CNKCINEMARK HLDGSCOM0.13%$909,00025.2K
78AVBAVALONBAYCOM0.13%$871,0004.3K
79CPTCAMDEN PROPERTYCOM0.12%$844,0008.1K
80COSTCOSTCO WHOLESALECOM0.12%$795,0003.0K
81PMPHILIP MORRIS INTLCOM0.11%$745,0009.5K
82ORCLORACLE CORPCOM0.10%$695,00012.2K
83SPGSIMON PPTY GRP INCCOM0.10%$649,0004.1K
84CIENCIENA CORPCOM0.09%$626,00015.2K
85FIRE EYE, INCCOM0.09%$584,00039.4K
86METAFACEBOOK, INC.COM0.09%$579,0003.0K
87CONCHO RESOURCESCOM0.08%$539,0005.2K
88HP INC.COM0.08%$532,00025.6K
89MAGELLANCOM0.07%$502,0007.8K
90EXKEXACT SCIENCES CORPCOM0.07%$502,0004.3K
91GAPGAP INCCOM0.07%$478,00026.6K
92VTRVENTAS INC.COM0.06%$410,0006.0K
93COVANTA HLDG CORPCOM0.06%$392,00021.9K
94NSRGYNESTLE SACOM0.06%$386,0003.7K
95HPEHEWLETT-PACKARDCOM0.06%$383,00025.6K
96PYPLPAYPALCOM0.06%$378,0003.3K
97BENFRANKLIN RESCOM0.06%$376,00010.8K
98REGENCY CENTERSCOM0.05%$350,0005.3K
99ENERGY TRANSFERCOM0.05%$339,00024.1K
100BEBLOOM ENERGY CORPCOM0.05%$323,00026.4K

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 ↗.