SEC 13F Intelligence

Managers / Q4 2019 · view latest →

Grassi Investment Management

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

Reported Value
$739M
Q4 2019
Positions
112
Filings on Record
28
2019–present window
Filed
Jan 10, 2020
original filing

Summary

Grassi Investment Management reported $739M in U.S.-listed holdings across 112 positions for Q4 2019.

Its largest position, Quotient Tech, represents 7.1% of the portfolio.

Compared with Q3 2019, the fund opened 3 new positions and exited 11.

Portfolio Metrics

Turnover
+4.8%
vs prior filed quarter
Top-10 Concentration
+32.3%
share of reported value
Largest Position
+7.1%
Quotient Tech
New / Exited
3 / 11
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: 76.7%Other: 12.2%REIT: 8.2%ADR: 2.5%Open-End Fund: 0.2%MLP: 0.2%
  • Common Stock · 76.7% · $567M
  • Other · 12.2% · $90M
  • REIT · 8.2% · $60M
  • ADR · 2.5% · $18M
  • Open-End Fund · 0.2% · $2M
  • MLP · 0.2% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CYBERARK SFTWRNEW+2.1K2.1K+$251,000$251,000
SONYSONY CORPNEW+3.3K3.3K+$226,000$226,000
FIDELITY INTL INDX-INST PRMNEW+4.7K4.7K+$202,000$202,000
VMCVULCAN MATERIALSADDED+38.3K40.7K+$5M$6M
ACTIVISIONADDED+95.3K108.0K+$6M$6M
LHXL3HARRIS TECHNOLOGIESADDED+27.2K37.4K+$5M$7M
EXKEXACT SCIENCES CORPADDED+12.6K19.1K+$1M$2M
AMC ENTERTAINMENTSOLD OUT−156.6K0−$2M$0

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

Holdings — Q4 2019

111 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1QUOTIENT TECH.COM7.08%$52M5.31M
2MSFTMICROSOFT CORPhistory →COM3.64%$27M170.5K
3AAPLAPPLE COMPUTERhistory →COM3.52%$26M88.4K
4NVDANVIDIA CORPhistory →COM3.24%$24M101.6K
5VISA INC CL ACOM3.11%$23M122.2K
6PLDPROLOGIShistory →COM2.51%$19M208.0K
7JPMJP MORGAN CHASEhistory →COM2.50%$18M132.7K
8AMATAPPLIED MATERIALShistory →COM2.32%$17M281.1K
9BABOEINGhistory →COM2.25%$17M50.9K
10BACBANK OF AMERICAhistory →COM2.19%$16M458.9K
11WDCWESTERN DIGITALhistory →COM2.10%$16M245.0K
12CITIGROUP INCCOM2.06%$15M190.6K
13AT&TCOM1.84%$14M347.3K
14PGPROCTER & GAMBLEhistory →COM1.80%$13M106.5K
15HONHONEYWELL INTLhistory →COM1.66%$12M69.4K
16RCLROYAL CARIBBEANhistory →COM1.65%$12M91.3K
17DISDISNEY, WALT COhistory →COM1.63%$12M83.4K
18LMTLOCKHEED MARTINhistory →COM1.61%$12M30.5K
19RAYTHEONCOM1.55%$11M52.3K
20STZCONSTELLATIONhistory →COM1.52%$11M59.4K
21MERCK & CO INCCOM1.51%$11M122.7K
22AMTAMERICAN TOWERhistory →COM1.51%$11M48.5K
23FRCBFIRST REPUBLIChistory →COM1.49%$11M94.0K
24JNJJOHN. & JOHN.history →COM1.47%$11M74.5K
25CATCATERPILLARhistory →COM1.45%$11M72.5K
26ABTABBOTT LABS COMhistory →COM1.43%$11M121.4K
27LLYLILLY, ELI & COhistory →COM1.42%$11M79.9K
28RIORIO TINTOhistory →COM1.35%$10M168.6K
29UNPUNION PACIFIChistory →COM1.28%$9M52.4K
30IBMIBM CORPORATIONhistory →COM1.26%$9M69.4K
31STWDSTARWOOD PROPhistory →COM1.20%$9M357.9K
32CVXCHEVRON CORPhistory →COM1.20%$9M73.3K
33BMYBRISTOL-MYERShistory →COM1.19%$9M137.2K
34DLRDIGITAL REALTY TRhistory →COM1.18%$9M73.0K
35PFEPFIZER INChistory →COM1.16%$9M218.8K
36CYRUSONE INCCOM1.16%$9M131.0K
37CSCOCISCO SYSTEMS INChistory →COM1.15%$9M177.7K
38BROADCOM LTDCOM1.15%$9M27.0K
39CRMSALESFORCE.COMhistory →COM1.14%$8M51.8K
40HDHOME DEPOT INChistory →COM1.14%$8M38.5K
41VZVERIZON COMMhistory →COM1.09%$8M130.8K
42MARMARRIOTT INTLhistory →COM1.02%$8M50.0K
43NVSNOVARTIS AGhistory →COM1.02%$8M79.4K
44NOWSERVICENOW, INChistory →COM1.00%$7M26.3K
45LHXL3HARRIS TECHNOLOGIEShistory →COM1.00%$7M37.4K
46AMDADVANCED MICRO DEVCOM0.99%$7M159.6K
47PEPPEPSICO INCCOM0.98%$7M53.2K
48CMCSACOMCAST CL ACOM0.95%$7M155.6K
49MMM3M COMPANYCOM0.92%$7M38.6K
50ABBVABBVIE INC.COM0.92%$7M76.9K
51BLACKSTONECOM0.90%$7M118.3K
52ACTIVISIONCOM0.87%$6M108.0K
53MSMORGAN STANLEYCOM0.86%$6M124.8K
54INTCINTEL CORPORATIONCOM0.85%$6M105.4K
55VMCVULCAN MATERIALSCOM0.79%$6M40.7K
56MOALTRIA GROUP INCCOM0.79%$6M117.1K
57UTXZUNITED TECHCOM0.71%$5M35.0K
58DOW CHEMICALCOM0.62%$5M83.5K
59NUENUCOR CORPCOM0.60%$4M78.3K
60WFCWELLS FARGO & COCOM0.52%$4M72.0K
61XYZSQUARE INCCOM0.51%$4M59.7K
62WMTWAL-MART STORESCOM0.49%$4M30.3K
63DDDUPONT de NEMOURSCOM0.48%$4M55.6K
64MUMICRON TECHNOLOGYCOM0.43%$3M59.2K
65AXPAMERICAN EXPRESSCOM0.39%$3M23.1K
66FREEPORT MCMORANCOM0.35%$3M197.4K
67AMZNAMAZON.COMCOM0.32%$2M1.3K
68FORD MOTOR COCOM0.31%$2M249.7K
69EXMOCEXXON MOBIL CORPCOM0.31%$2M32.6K
70EXKEXACT SCIENCES CORPCOM0.24%$2M19.1K
71LITELUMENTUM HLDGCOM0.23%$2M21.4K
72GOOGLALPHABET CLASS ACOM0.20%$1M1.1K
73VFIAXVANGUARD 500 INDEXCOM0.19%$1M4.7K
74CCICROWN CASTLE INT'LCOM0.18%$1M9.4K
75EPDENTERPRISE PRODSCOM0.16%$1M42.1K
76WDAYWORKDAY INCCOM0.16%$1M7.0K
77METAFACEBOOK, INC.COM0.14%$1M5.2K
78CLXCLOROX COMPANYCOM0.12%$921,0006.0K
79AVBAVALONBAYCOM0.12%$899,0004.3K
80COSTCOSTCO WHOLESALECOM0.12%$874,0003.0K
81CPTCAMDEN PROPERTYCOM0.12%$858,0008.1K
82RUNSUNRUN INCCOM0.10%$753,00054.5K
83ORCLORACLE CORPCOM0.09%$646,00012.2K
84SPGSIMON PPTY GRP INCCOM0.08%$605,0004.1K
85HP INC.COM0.07%$526,00025.6K
86VLOVALERO ENERGY CORPCOM0.07%$515,0005.5K
87ADOBE SYSTEMSCOM0.07%$495,0001.5K
88GAPGAP INCCOM0.06%$470,00026.6K
89MAGELLANCOM0.06%$459,0007.3K
90CICIGNA CORPCOM0.06%$409,0002.0K
91HPEHEWLETT-PACKARDCOM0.05%$406,00025.6K
92NSRGYNESTLE SACOM0.05%$349,0003.2K
93VTRVENTAS INC.COM0.05%$346,0006.0K
94REGENCY CENTERSCOM0.04%$331,0005.3K
95AMERICAN CAMPUSCOM0.04%$329,0007.0K
96FSLRFIRST SOLARCOM0.04%$313,0005.6K
97COVANTA HLDG CORPCOM0.04%$294,00019.8K
98BENFRANKLIN RESCOM0.04%$281,00010.8K
99TRPTC ENERGY CORPCOM0.04%$267,0005.0K
100CONOCOPHILLIPSCOM0.04%$267,0004.1K

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 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 ↗.