SEC 13F Intelligence

Managers / Q3 2019 · view latest →

Grassi Investment Management

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

Reported Value
$667M
Q3 2019
Positions
120
Filings on Record
28
2019–present window
Filed
Oct 4, 2019
original filing

Summary

Grassi Investment Management reported $667M in U.S.-listed holdings across 120 positions for Q3 2019.

Its largest position, Quotient Tech, represents 6.2% of the portfolio.

Compared with Q2 2019, the fund opened 10 new positions and exited 9.

Portfolio Metrics

Turnover
+8.6%
vs prior filed quarter
Top-10 Concentration
+30.9%
share of reported value
Largest Position
+6.2%
Quotient Tech
New / Exited
10 / 9
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: $686MQ4 ’22: $741MQ4 ’22Q1 ’23: $806MQ2 ’23: $909MQ3 ’23: $869MQ4 ’23: $954MQ4 ’23Q1 ’24: $1.1BQ2 ’24: $1.1BQ3 ’24: $1.2BQ4 ’24: $1.2BQ4 ’24Q1 ’25: $1.1BQ2 ’25: $1.3Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 75.0%Other: 13.1%REIT: 9.0%ADR: 2.4%MLP: 0.3%Open-End Fund: 0.2%
  • Common Stock · 75.0% · $500M
  • Other · 13.1% · $87M
  • REIT · 9.0% · $60M
  • ADR · 2.4% · $16M
  • MLP · 0.3% · $2M
  • Open-End Fund · 0.2% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RCLROYAL CARIBBEANNEW+89.2K89.2K+$10M$10M
LHXL3HARRIS TECHNOLOGIESNEW+10.2K10.2K+$2M$2M
AMC ENTERTAINMENTNEW+156.6K156.6K+$2M$2M
RUNSUNRUN INCNEW+58.1K58.1K+$971,000$971,000
WDAYWORKDAY INCNEW+5.4K5.4K+$914,000$914,000
LITELUMENTUM HLDGNEW+14.6K14.6K+$782,000$782,000
ACTIVISIONNEW+12.8K12.8K+$675,000$675,000
VMCVULCAN MATERIALSNEW+2.5K2.5K+$371,000$371,000

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

Holdings — Q3 2019

119 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1QUOTIENT TECH.COM6.25%$42M5.33M
2MSFTMICROSOFT CORPhistory →COM3.56%$24M170.9K
3VISA INC CL ACOM3.17%$21M122.8K
4BABOEINGhistory →COM3.05%$20M53.5K
5AAPLAPPLE COMPUTERhistory →COM3.01%$20M89.7K
6PLDPROLOGIShistory →COM2.66%$18M208.0K
7NVDANVIDIA CORPhistory →COM2.63%$18M100.9K
8JPMJP MORGAN CHASEhistory →COM2.37%$16M134.1K
9WDCWESTERN DIGITALhistory →COM2.15%$14M240.0K
10AMATAPPLIED MATERIALShistory →COM2.10%$14M281.3K
11CITIGROUP INCCOM2.02%$13M195.3K
12BACBANK OF AMERICAhistory →COM2.02%$13M461.2K
13PGPROCTER & GAMBLEhistory →COM1.99%$13M106.5K
14IBMIBM CORPORATIONhistory →COM1.88%$13M86.4K
15LMTLOCKHEED MARTINhistory →COM1.81%$12M31.0K
16HONHONEYWELL INTLhistory →COM1.79%$12M70.7K
17AT&TCOM1.79%$12M315.6K
18STZCONSTELLATIONhistory →COM1.68%$11M54.0K
19CATCATERPILLARhistory →COM1.60%$11M84.8K
20AMTAMERICAN TOWERhistory →COM1.60%$11M48.4K
21DISDISNEY, WALT COhistory →COM1.60%$11M81.9K
22MERCK & CO INCCOM1.55%$10M123.0K
23RAYTHEONCOM1.54%$10M52.3K
24ABTABBOTT LABS COMhistory →COM1.53%$10M122.3K
25CYRUSONE INCCOM1.49%$10M125.6K
26RCLROYAL CARIBBEANhistory →COM1.45%$10M89.2K
27DLRDIGITAL REALTY TRhistory →COM1.42%$9M72.9K
28FRCBFIRST REPUBLIChistory →COM1.36%$9M94.0K
29JNJJOHN. & JOHN.history →COM1.34%$9M69.2K
30LLYLILLY, ELI & COhistory →COM1.34%$9M79.9K
31HDHOME DEPOT INChistory →COM1.33%$9M38.4K
32CVXCHEVRON CORPhistory →COM1.33%$9M74.9K
33UNPUNION PACIFIChistory →COM1.30%$9M53.4K
34RIORIO TINTOhistory →COM1.28%$9M163.6K
35FORD MOTOR COCOM1.27%$8M926.6K
36XYZSQUARE INChistory →COM1.24%$8M133.1K
37VZVERIZON COMMhistory →COM1.19%$8M131.2K
38STWDSTARWOOD PROPhistory →COM1.17%$8M321.0K
39CRMSALESFORCE.COMhistory →COM1.16%$8M52.3K
40PFEPFIZER INChistory →COM1.13%$8M210.1K
41BROADCOM LTDCOM1.12%$7M27.0K
42PEPPEPSICO INChistory →COM1.09%$7M53.2K
43CMCSACOMCAST CL Ahistory →COM1.05%$7M155.6K
44BMYBRISTOL-MYERShistory →COM1.02%$7M133.6K
45NOWSERVICENOW, INCCOM1.00%$7M26.3K
46NVSNOVARTIS AGCOM1.00%$7M76.4K
47CSCOCISCO SYSTEMS INCCOM0.98%$7M131.9K
48MMM3M COMPANYCOM0.95%$6M38.6K
49MARMARRIOTT INTLCOM0.93%$6M50.0K
50ABBVABBVIE INC.COM0.87%$6M76.9K
51INTCINTEL CORPORATIONCOM0.81%$5M105.3K
52MSMORGAN STANLEYCOM0.80%$5M125.5K
53MOALTRIA GROUP INCCOM0.72%$5M117.7K
54UTXZUNITED TECHCOM0.72%$5M35.0K
55NUENUCOR CORPCOM0.60%$4M78.5K
56GENERAL ELECTRICCOM0.60%$4M446.0K
57DDDUPONT de NEMOURSCOM0.59%$4M55.6K
58BLACKSTONECOM0.59%$4M80.0K
59AMDADVANCED MICRO DEVCOM0.55%$4M127.3K
60WFCWELLS FARGO & COCOM0.54%$4M72.0K
61WMTWAL-MART STORESCOM0.54%$4M30.3K
62DOW CHEMICALCOM0.45%$3M63.5K
63AXPAMERICAN EXPRESSCOM0.41%$3M23.1K
64EXMOCEXXON MOBIL CORPCOM0.35%$2M32.6K
65LHXL3HARRIS TECHNOLOGIESCOM0.32%$2M10.2K
66MUMICRON TECHNOLOGYCOM0.29%$2M44.9K
67FREEPORT MCMORANCOM0.28%$2M193.2K
68AMC ENTERTAINMENTCOM0.25%$2M156.6K
69AMZNAMAZON.COMCOM0.22%$1M850
70GOOGLALPHABET CLASS ACOM0.20%$1M1.1K
71VFIAXVANGUARD 500 INDEXCOM0.19%$1M4.7K
72CCICROWN CASTLE INT'LCOM0.19%$1M9.0K
73CIENCIENA CORPCOM0.19%$1M31.9K
74EPDENTERPRISE PRODSCOM0.18%$1M42.1K
75CNKCINEMARK HLDGSCOM0.18%$1M30.8K
76SCHWCHARLES SCHWABCOM0.15%$1M24.1K
77RUNSUNRUN INCCOM0.15%$971,00058.1K
78LAM RESEARCH CORPCOM0.14%$930,0004.0K
79AVBAVALONBAYCOM0.14%$923,0004.3K
80WDAYWORKDAY INCCOM0.14%$914,0005.4K
81CLXCLOROX COMPANYCOM0.14%$911,0006.0K
82CPTCAMDEN PROPERTYCOM0.13%$897,0008.1K
83COSTCOSTCO WHOLESALECOM0.12%$831,0002.9K
84LITELUMENTUM HLDGCOM0.12%$782,00014.6K
85ALCALCON INCCOM0.10%$684,00011.7K
86ACTIVISIONCOM0.10%$675,00012.8K
87ORCLORACLE CORPCOM0.10%$671,00012.2K
88SPGSIMON PPTY GRP INCCOM0.09%$632,0004.1K
89EXKEXACT SCIENCES CORPCOM0.09%$594,0006.6K
90METAFACEBOOK, INC.COM0.08%$508,0002.9K
91MAGELLANCOM0.08%$504,0007.6K
92HP INC.COM0.07%$484,00025.6K
93VLOVALERO ENERGY CORPCOM0.07%$469,0005.5K
94GAPGAP INCCOM0.07%$462,00026.6K
95VTRVENTAS INC.COM0.07%$438,0006.0K
96HPEHEWLETT-PACKARDCOM0.06%$388,00025.6K
97NSRGYNESTLE SACOM0.06%$382,0003.5K
98VMCVULCAN MATERIALSCOM0.06%$371,0002.5K
99REGENCY CENTERSCOM0.05%$365,0005.3K
100COVANTA HLDG CORPCOM0.05%$365,00021.1K

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 2022$741M119Jan 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 ↗.