SEC 13F Intelligence

Managers / Q1 2020 · view latest →

Grassi Investment Management

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

Reported Value
$572M
Q1 2020
Positions
107
Filings on Record
28
2019–present window
Filed
Apr 8, 2020
original filing

Summary

Grassi Investment Management reported $572M in U.S.-listed holdings across 107 positions for Q1 2020.

Its largest position, Quotient Tech, represents 6.0% of the portfolio.

Compared with Q4 2019, the fund opened 5 new positions and exited 10.

Portfolio Metrics

Turnover
+2.6%
vs prior filed quarter
Top-10 Concentration
+32.1%
share of reported value
Largest Position
+6.0%
Quotient Tech
New / Exited
5 / 10
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: 10.7%REIT: 9.1%ADR: 3.1%Open-End Fund: 0.2%MLP: 0.2%
  • Common Stock · 76.7% · $439M
  • Other · 10.7% · $61M
  • REIT · 9.1% · $52M
  • ADR · 3.1% · $18M
  • Open-End Fund · 0.2% · $1M
  • MLP · 0.2% · $868,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TSNTYSON FOODS INC - CL ANEW+132.3K132.3K+$8M$8M
UBERUBER TECHNOLOGIESNEW+44.3K44.3K+$1M$1M
TSMTAIWAN SEMI ADRNEW+10.4K10.4K+$496,000$496,000
SHOPSHOPIFY INCNEW+638638+$266,000$266,000
ENERGY TRANSFERNEW+22.8K22.8K+$105,000$105,000
DOW CHEMICALSOLD OUT−83.5K0−$5M$0
NUENUCOR CORPSOLD OUT−78.3K0−$4M$0
DDDUPONT de NEMOURSSOLD OUT−55.6K0−$4M$0

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

Holdings — Q1 2020

106 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1QUOTIENT TECH.COM6.03%$34M5.31M
2MSFTMICROSOFT CORPhistory →COM4.55%$26M165.1K
3AAPLAPPLE COMPUTERhistory →COM4.09%$23M92.1K
4NVDANVIDIA CORPhistory →COM3.42%$20M74.1K
5PLDPROLOGIShistory →COM2.92%$17M208.0K
6VISA INC CL ACOM2.86%$16M101.6K
7AMATAPPLIED MATERIALShistory →COM2.25%$13M280.8K
8JPMJP MORGAN CHASEhistory →COM2.03%$12M129.0K
9PGPROCTER & GAMBLEhistory →COM2.01%$11M104.4K
10WDCWESTERN DIGITALhistory →COM1.97%$11M271.0K
11LLYLILLY, ELI & COhistory →COM1.94%$11M79.9K
12ACTIVISIONCOM1.87%$11M180.0K
13AMTAMERICAN TOWERhistory →COM1.85%$11M48.5K
14JNJJOHN. & JOHN.history →COM1.84%$11M80.3K
15AT&TCOM1.78%$10M348.5K
16LMTLOCKHEED MARTINhistory →COM1.77%$10M29.9K
17DLRDIGITAL REALTY TRhistory →COM1.72%$10M70.8K
18BACBANK OF AMERICAhistory →COM1.68%$10M452.7K
19ABTABBOTT LABS COMhistory →COM1.65%$9M119.5K
20MERCK & CO INCCOM1.65%$9M122.5K
21RIORIO TINTOhistory →COM1.61%$9M201.9K
22HONHONEYWELL INTLhistory →COM1.59%$9M67.9K
23DISDISNEY, WALT COhistory →COM1.53%$9M90.8K
24BMYBRISTOL-MYERShistory →COM1.49%$9M153.3K
25STZCONSTELLATIONhistory →COM1.49%$9M59.6K
26CATCATERPILLARhistory →COM1.45%$8M71.5K
27CYRUSONE INCCOM1.40%$8M129.2K
28BROADCOM LTDCOM1.39%$8M33.6K
29BABOEINGhistory →COM1.39%$8M53.2K
30CITIGROUP INCCOM1.38%$8M187.7K
31CSCOCISCO SYSTEMS INChistory →COM1.36%$8M198.2K
32FRCBFIRST REPUBLIChistory →COM1.35%$8M94.0K
33TSNTYSON FOODS INC - CL Ahistory →COM1.34%$8M132.3K
34NOWSERVICENOW, INChistory →COM1.29%$7M25.8K
35UNPUNION PACIFIChistory →COM1.29%$7M52.4K
36LHXL3HARRIS TECHNOLOGIEShistory →COM1.26%$7M40.0K
37NVSNOVARTIS AGhistory →COM1.26%$7M87.0K
38HDHOME DEPOT INChistory →COM1.25%$7M38.2K
39VZVERIZON COMMhistory →COM1.22%$7M130.4K
40RAYTHEONCOM1.18%$7M51.6K
41PEPPEPSICO INChistory →COM1.18%$7M56.2K
42AMDADVANCED MICRO DEVhistory →COM1.15%$7M144.4K
43INTCINTEL CORPORATIONhistory →COM1.09%$6M115.1K
44ABBVABBVIE INC.history →COM1.03%$6M77.5K
45BLACKSTONECOM1.02%$6M128.1K
46CRMSALESFORCE.COMCOM0.98%$6M38.8K
47PFEPFIZER INCCOM0.97%$6M169.2K
48CMCSACOMCAST CL ACOM0.94%$5M155.8K
49MMM3M COMPANYCOM0.92%$5M38.6K
50MOALTRIA GROUP INCCOM0.91%$5M134.7K
51VMCVULCAN MATERIALSCOM0.84%$5M44.6K
52CVXCHEVRON CORPCOM0.83%$5M65.6K
53RCLROYAL CARIBBEANCOM0.81%$5M144.3K
54MSMORGAN STANLEYCOM0.73%$4M123.2K
55STWDSTARWOOD PROPCOM0.72%$4M402.8K
56MARMARRIOTT INTLCOM0.65%$4M50.0K
57WMTWAL-MART STORESCOM0.60%$3M30.0K
58UTXZUNITED TECHCOM0.58%$3M35.0K
59AMZNAMAZON.COMCOM0.50%$3M1.5K
60MUMICRON TECHNOLOGYCOM0.45%$3M61.7K
61XYZSQUARE INCCOM0.41%$2M45.1K
62LITELUMENTUM HLDGCOM0.38%$2M29.3K
63IBMIBM CORPORATIONCOM0.37%$2M19.3K
64WFCWELLS FARGO & COCOM0.36%$2M72.0K
65AXPAMERICAN EXPRESSCOM0.35%$2M23.1K
66FREEPORT MCMORANCOM0.26%$1M216.1K
67EXKEXACT SCIENCES CORPCOM0.24%$1M23.8K
68CCICROWN CASTLE INT'LCOM0.24%$1M9.5K
69GOOGLALPHABET CLASS ACOM0.23%$1M1.1K
70METAFACEBOOK, INC.COM0.23%$1M8.0K
71UBERUBER TECHNOLOGIESCOM0.22%$1M44.3K
72CLXCLOROX COMPANYCOM0.18%$1M6.0K
73VFIAXVANGUARD 500 INDEXCOM0.17%$995,0004.2K
74EXMOCEXXON MOBIL CORPCOM0.17%$972,00025.6K
75COSTCOSTCO WHOLESALECOM0.16%$922,0003.2K
76FORD MOTOR COCOM0.13%$716,000148.2K
77CPTCAMDEN PROPERTYCOM0.11%$641,0008.1K
78AVBAVALONBAYCOM0.11%$616,0004.2K
79EPDENTERPRISE PRODSCOM0.11%$602,00042.1K
80ORCLORACLE CORPCOM0.10%$590,00012.2K
81TSMTAIWAN SEMI ADRCOM0.09%$496,00010.4K
82RUNSUNRUN INCCOM0.09%$492,00048.8K
83HP INC.COM0.08%$444,00025.6K
84FSLRFIRST SOLARCOM0.07%$380,00010.5K
85CICIGNA CORPCOM0.06%$354,0002.0K
86SONYSONY CORPCOM0.06%$343,0005.8K
87ADOBE SYSTEMSCOM0.06%$318,0001.0K
88NSRGYNESTLE SACOM0.05%$288,0002.8K
89SHOPSHOPIFY INCCOM0.05%$266,000638
90MAGELLANCOM0.05%$266,0007.3K
91HPEHEWLETT-PACKARDCOM0.04%$249,00025.6K
92BABAALIBABA GROUPCOM0.04%$233,0001.2K
93TRPTC ENERGY CORPCOM0.04%$221,0005.0K
94SPGSIMON PPTY GRP INCCOM0.04%$217,0004.0K
95MDLZMONDELEZ INTLCOM0.04%$205,0004.1K
96FLOFLOWERS FOODSCOM0.04%$205,00010.0K
97REGENCY CENTERSCOM0.04%$202,0005.3K
98GAPGAP INCCOM0.03%$187,00026.6K
99BENFRANKLIN RESCOM0.03%$180,00010.8K
100VCAIXVANGUARD CA INTCOM0.03%$168,00014.1K

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 ↗.