SEC 13F Intelligence

Managers / Q2 2020 · view latest →

Grassi Investment Management

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

Reported Value
$694M
Q2 2020
Positions
130
Filings on Record
28
2019–present window
Filed
Jul 15, 2020
original filing

Summary

Grassi Investment Management reported $694M in U.S.-listed holdings across 130 positions for Q2 2020.

Its largest position, Quotient Tech, represents 5.6% of the portfolio.

Compared with Q1 2020, the fund opened 28 new positions and exited 5.

Portfolio Metrics

Turnover
+3.3%
vs prior filed quarter
Top-10 Concentration
+32.9%
share of reported value
Largest Position
+5.6%
Quotient Tech
New / Exited
28 / 5
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: 74.3%Other: 11.3%REIT: 8.8%ADR: 3.0%ETP: 2.1%Other: 0.4%
  • Common Stock · 74.3% · $515M
  • Other · 11.3% · $79M
  • REIT · 8.8% · $61M
  • ADR · 3.0% · $21M
  • ETP · 2.1% · $15M
  • Other · 0.4% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
RTXRAYTHEON TECHNOLOGIESNEW+165.3K165.3K+$10M$10M
MEDTRONIC PLCNEW+86.9K86.9K+$8M$8M
QQQINVESCO QQQNEW+13.6K13.6K+$3M$3M
XLKSPDR TECHNOLOGYNEW+29.9K29.9K+$3M$3M
XLIINDSTLS SELECT SPDRNEW+28.3K28.3K+$2M$2M
XLVHEALTH CARE SPDRNEW+16.4K16.4K+$2M$2M
PPAINVESCO AEROSP & DEFNEW+27.9K27.9K+$2M$2M
XLYSPDR CONSUMER DISCRNEW+5.9K5.9K+$758,000$758,000

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

Holdings — Q2 2020

129 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1QUOTIENT TECH.COM5.60%$39M5.31M
2MSFTMICROSOFT CORPhistory →COM4.86%$34M165.7K
3AAPLAPPLE COMPUTERhistory →COM4.78%$33M90.9K
4NVDANVIDIA CORPhistory →COM4.10%$28M74.8K
5VISA INC CL ACOM2.80%$19M100.6K
6PLDPROLOGIShistory →COM2.80%$19M208.0K
7AMATAPPLIED MATERIALShistory →COM2.45%$17M280.8K
8LLYLILLY, ELI & COhistory →COM1.89%$13M79.9K
9ACTIVISIONCOM1.83%$13M167.3K
10AMTAMERICAN TOWERhistory →COM1.83%$13M49.0K
11PGPROCTER & GAMBLEhistory →COM1.81%$13M104.8K
12JPMJP MORGAN CHASEhistory →COM1.75%$12M128.9K
13JNJJOHN. & JOHN.history →COM1.63%$11M80.4K
14RIORIO TINTOhistory →COM1.63%$11M201.1K
15LMTLOCKHEED MARTINhistory →COM1.57%$11M29.9K
16WDCWESTERN DIGITALhistory →COM1.57%$11M246.6K
17ABTABBOTT LABS COMhistory →COM1.56%$11M118.2K
18BACBANK OF AMERICAhistory →COM1.54%$11M449.1K
19STZCONSTELLATIONhistory →COM1.53%$11M60.5K
20AT&TCOM1.51%$11M347.3K
21NOWSERVICENOW, INChistory →COM1.51%$10M25.8K
22RTXRAYTHEON TECHNOLOGIEShistory →COM1.47%$10M165.3K
23AMDADVANCED MICRO DEVhistory →COM1.45%$10M190.6K
24DLRDIGITAL REALTY TRhistory →COM1.44%$10M70.1K
25FRCBFIRST REPUBLIChistory →COM1.44%$10M94.0K
26DISDISNEY, WALT COhistory →COM1.42%$10M88.6K
27HONHONEYWELL INTLhistory →COM1.42%$10M68.2K
28HDHOME DEPOT INChistory →COM1.38%$10M38.2K
29MERCK & CO INCCOM1.38%$10M123.4K
30CITIGROUP INCCOM1.34%$9M181.8K
31CYRUSONE INCCOM1.34%$9M127.6K
32BABOEINGhistory →COM1.33%$9M50.4K
33BMYBRISTOL-MYERShistory →COM1.31%$9M154.5K
34CATCATERPILLARhistory →COM1.31%$9M71.8K
35UNPUNION PACIFIChistory →COM1.28%$9M52.4K
36TSNTYSON FOODS INChistory →COM1.20%$8M139.2K
37MEDTRONIC PLCCOM1.15%$8M86.9K
38BROADCOM LTDCOM1.13%$8M24.9K
39NVSNOVARTIS AGhistory →COM1.12%$8M88.6K
40ABBVABBVIE INC.history →COM1.10%$8M78.0K
41PEPPEPSICO INChistory →COM1.07%$7M56.2K
42BLACKSTONECOM1.05%$7M128.2K
43VZVERIZON COMMhistory →COM1.04%$7M130.6K
44CRMSALESFORCE.COMhistory →COM1.03%$7M38.3K
45INTCINTEL CORPORATIONCOM0.99%$7M115.1K
46LHXL3HARRIS TECHNOLOGIESCOM0.97%$7M39.6K
47RCLROYAL CARIBBEANCOM0.96%$7M131.7K
48CMCSACOMCAST CL ACOM0.88%$6M156.8K
49STWDSTARWOOD PROPCOM0.87%$6M404.7K
50MMM3M COMPANYCOM0.87%$6M38.6K
51CVXCHEVRON CORPCOM0.86%$6M66.7K
52MSMORGAN STANLEYCOM0.86%$6M122.8K
53IBMIBM CORPORATIONCOM0.84%$6M48.2K
54PFEPFIZER INCCOM0.81%$6M171.9K
55VMCVULCAN MATERIALSCOM0.78%$5M46.5K
56MOALTRIA GROUP INCCOM0.76%$5M134.4K
57MARMARRIOTT INTLCOM0.62%$4M50.0K
58AMZNAMAZON.COMCOM0.54%$4M1.4K
59WMTWAL-MART STORESCOM0.52%$4M30.0K
60MUMICRON TECHNOLOGYCOM0.50%$3M67.0K
61QQQINVESCO QQQCOM0.49%$3M13.6K
62XLKSPDR TECHNOLOGYCOM0.45%$3M29.9K
63CSCOCISCO SYSTEMS INCCOM0.37%$3M54.3K
64FREEPORT MCMORANCOM0.34%$2M203.7K
65AXPAMERICAN EXPRESSCOM0.32%$2M23.1K
66LITELUMENTUM HLDGCOM0.31%$2M26.1K
67XLIINDSTLS SELECT SPDRCOM0.28%$2M28.3K
68EXKEXACT SCIENCES CORPCOM0.27%$2M21.9K
69WFCWELLS FARGO & COCOM0.26%$2M71.7K
70XLVHEALTH CARE SPDRCOM0.24%$2M16.4K
71CCICROWN CASTLE INT'LCOM0.23%$2M9.5K
72PPAINVESCO AEROSP & DEFCOM0.22%$2M27.9K
73GOOGLALPHABET CLASS ACOM0.22%$2M1.1K
74METAFACEBOOK, INC.COM0.22%$2M6.6K
75CLXCLOROX COMPANYCOM0.19%$1M6.0K
76EXMOCEXXON MOBIL CORPCOM0.17%$1M25.6K
77VFIAXVANGUARD 500 INDEXCOM0.16%$1M3.9K
78COSTCOSTCO WHOLESALECOM0.15%$1M3.4K
79TSMTAIWAN SEMI ADRCOM0.12%$823,00014.5K
80FORD MOTOR COCOM0.12%$809,000133.1K
81EPDENTERPRISE PRODSCOM0.11%$765,00042.1K
82XLYSPDR CONSUMER DISCRCOM0.11%$758,0005.9K
83CPTCAMDEN PROPERTYCOM0.11%$737,0008.1K
84FNDFLOOR & DECOR HLDSCOM0.10%$706,00012.3K
85GLDSPDR GOLD SHARESCOM0.10%$703,0004.2K
86ORCLORACLE CORPCOM0.10%$674,00012.2K
87AVBAVALONBAYCOM0.09%$647,0004.2K
88INNOVATOR IBD 50COM0.09%$611,00017.8K
89XLBMATERIALS SLCT SPDRCOM0.08%$585,00010.4K
90US OILCOM0.08%$561,00020.0K
91MATCH GROUP INCCOM0.08%$551,0005.2K
92SONYSONY CORPCOM0.07%$477,0006.9K
93FSLRFIRST SOLARCOM0.07%$463,0009.3K
94HP INC.COM0.06%$446,00025.6K
95ADOBE SYSTEMSCOM0.06%$435,0001.0K
96DIASPDR DOW JONES INDCOM0.06%$431,0001.7K
97CRWDCROWDSTRIKE HOLDINGSCOM0.06%$414,0004.1K
98DXCMDEXCOM INCCOM0.06%$405,0001.0K
99CICIGNA CORPCOM0.05%$375,0002.0K
100ISHARES SIlVERCOM0.05%$340,00020.0K

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 ↗.