SEC 13F Intelligence

Managers / Q3 2020 · view latest →

Grassi Investment Management

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

Reported Value
$706M
Q3 2020
Positions
128
Filings on Record
28
2019–present window
Filed
Oct 13, 2020
original filing

Summary

Grassi Investment Management reported $706M in U.S.-listed holdings across 128 positions for Q3 2020.

Its largest position, AAPL, represents 5.8% of the portfolio.

Compared with Q2 2020, the fund opened 6 new positions and exited 8.

Portfolio Metrics

Turnover
+7.1%
vs prior filed quarter
Top-10 Concentration
+35.5%
share of reported value
Largest Position
+5.8%
Apple Computer
New / Exited
6 / 8
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: 74.5%Other: 10.6%REIT: 8.8%ADR: 3.2%ETP: 2.5%Other: 0.4%
  • Common Stock · 74.5% · $525M
  • Other · 10.6% · $75M
  • REIT · 8.8% · $62M
  • ADR · 3.2% · $23M
  • ETP · 2.5% · $18M
  • Other · 0.4% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FISVFISERV INCNEW+19.3K19.3K+$2M$2M
IBBISHARES BIOTECHNEW+12.7K12.7K+$2M$2M
TSLATESLA MOTORSNEW+635635+$272,000$272,000
WDAYWORKDAY INCNEW+1.1K1.1K+$242,000$242,000
SEDGSOLAREDGE TECHNEW+1.0K1.0K+$238,000$238,000
XLCCOMM SERVICES SEL SECTNEW+3.4K3.4K+$204,000$204,000
AAPLAPPLE COMPUTERADDED+263.7K354.6K+$8M$41M
SBUXSTARBUCKS CORPADDED+5.3K8.5K+$491,000$733,000

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

Holdings — Q3 2020

127 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE COMPUTERhistory →COM5.82%$41M354.6K
2QUOTIENT TECH.COM5.55%$39M5.31M
3NVDANVIDIA CORPhistory →COM5.21%$37M68.0K
4MSFTMICROSOFT CORPhistory →COM4.86%$34M163.1K
5PLDPROLOGIShistory →COM2.97%$21M208.0K
6VISA INC CL ACOM2.93%$21M103.5K
7AMATAPPLIED MATERIALShistory →COM2.36%$17M280.7K
8PGPROCTER & GAMBLEhistory →COM2.06%$15M104.8K
9ACTIVISIONCOM1.96%$14M170.4K
10ABTABBOTT LABS COMhistory →COM1.79%$13M115.8K
11NOWSERVICENOW, INChistory →COM1.77%$12M25.7K
12JPMJP MORGAN CHASEhistory →COM1.72%$12M126.2K
13RIORIO TINTOhistory →COM1.72%$12M200.4K
14AMTAMERICAN TOWERhistory →COM1.72%$12M50.1K
15JNJJOHN. & JOHN.history →COM1.69%$12M79.9K
16MEDTRONIC PLCCOM1.69%$12M114.4K
17LLYLILLY, ELI & COhistory →COM1.68%$12M79.9K
18LMTLOCKHEED MARTINhistory →COM1.63%$11M29.9K
19STZCONSTELLATIONhistory →COM1.62%$11M60.2K
20DISDISNEY, WALT COhistory →COM1.57%$11M89.0K
21HONHONEYWELL INTLhistory →COM1.55%$11M66.4K
22BACBANK OF AMERICAhistory →COM1.52%$11M445.5K
23CATCATERPILLARhistory →COM1.52%$11M71.8K
24HDHOME DEPOT INChistory →COM1.50%$11M38.1K
25DLRDIGITAL REALTY TRhistory →COM1.46%$10M70.1K
26UNPUNION PACIFIChistory →COM1.46%$10M52.3K
27FRCBFIRST REPUBLIChistory →COM1.45%$10M94.0K
28MERCK & CO INCCOM1.44%$10M122.9K
29BROADCOM LTDCOM1.40%$10M27.2K
30AT&TCOM1.39%$10M343.7K
31BMYBRISTOL-MYERShistory →COM1.34%$9M156.9K
32CRMSALESFORCE.COMhistory →COM1.27%$9M35.8K
33CYRUSONE INCCOM1.26%$9M126.7K
34BABOEINGhistory →COM1.19%$8M50.6K
35PEPPEPSICO INChistory →COM1.10%$8M56.2K
36NVSNOVARTIS AGhistory →COM1.10%$8M88.9K
37VZVERIZON COMMhistory →COM1.08%$8M128.3K
38ABBVABBVIE INC.history →COM1.05%$7M84.8K
39CMCSACOMCAST CL Ahistory →COM1.03%$7M156.8K
40LHXL3HARRIS TECHCOM0.93%$7M38.6K
41BLACKSTONECOM0.92%$7M124.8K
42PFEPFIZER INCCOM0.92%$6M175.9K
43VMCVULCAN MATERIALSCOM0.91%$6M47.5K
44RCLROYAL CARIBBEANCOM0.91%$6M99.2K
45MMM3M COMPANYCOM0.88%$6M38.6K
46STWDSTARWOOD PROPCOM0.87%$6M408.3K
47AMDADVANCED MICRO DEVCOM0.87%$6M74.7K
48INTCINTEL CORPORATIONCOM0.84%$6M114.3K
49MSMORGAN STANLEYCOM0.84%$6M122.2K
50IBMIBM CORPORATIONCOM0.83%$6M48.2K
51MOALTRIA GROUP INCCOM0.73%$5M132.5K
52CVXCHEVRON CORPCOM0.69%$5M67.9K
53MARMARRIOTT INTLCOM0.66%$5M50.0K
54AMZNAMAZON.COMCOM0.60%$4M1.4K
55WMTWAL-MART STORESCOM0.60%$4M30.0K
56MUMICRON TECHNOLOGYCOM0.56%$4M84.7K
57QQQINVESCO QQQCOM0.52%$4M13.3K
58WDCWESTERN DIGITALCOM0.48%$3M93.0K
59XLKSPDR TECHNOLOGYCOM0.48%$3M29.1K
60TSNTYSON FOODS INCCOM0.43%$3M51.1K
61AXPAMERICAN EXPRESSCOM0.33%$2M23.0K
62XLIINDSTLS SELECT SPDRCOM0.29%$2M27.0K
63FISVFISERV INCCOM0.28%$2M19.3K
64CCICROWN CASTLE INT'LCOM0.26%$2M11.2K
65METAFACEBOOK, INC.COM0.25%$2M6.6K
66XLVHEALTH CARE SPDRCOM0.24%$2M16.3K
67IBBISHARES BIOTECHCOM0.24%$2M12.7K
68GOOGLALPHABET CLASS ACOM0.24%$2M1.2K
69WFCWELLS FARGO & COCOM0.24%$2M72.3K
70LITELUMENTUM HLDGCOM0.24%$2M22.1K
71RTXRAYTHEONCOM0.24%$2M28.9K
72TSMTAIWAN SEMI ADRCOM0.22%$2M19.2K
73FREEPORT MCMORANCOM0.21%$1M94.7K
74PPAINVESCO AEROSP & DEFCOM0.19%$1M24.3K
75CLXCLOROX COMPANYCOM0.18%$1M6.0K
76COSTCOSTCO WHOLESALECOM0.17%$1M3.4K
77VFIAXVANGUARD 500 INDEXCOM0.15%$1M3.5K
78CITIGROUP INCCOM0.15%$1M25.1K
79CSCOCISCO SYSTEMS INCCOM0.14%$970,00024.6K
80CRWDCROWDSTRIKE HOLDINGSCOM0.13%$937,0006.8K
81FNDFLOOR & DECOR HLDSCOM0.13%$909,00012.2K
82XLYSPDR CONSUMER DISCRCOM0.13%$883,0006.0K
83EXMOCEXXON MOBIL CORPCOM0.12%$879,00025.6K
84SONYSONY CORPCOM0.11%$756,0009.8K
85GLDSPDR GOLD SHARESCOM0.11%$744,0004.2K
86SBUXSTARBUCKS CORPCOM0.10%$733,0008.5K
87FORD MOTOR COCOM0.10%$730,000109.6K
88ORCLORACLE CORPCOM0.10%$728,00012.2K
89CPTCAMDEN PROPERTYCOM0.10%$719,0008.1K
90EPDENTERPRISE PRODSCOM0.09%$665,00042.1K
91XLBMATERIALS SLCT SPDRCOM0.09%$633,0009.9K
92AVBAVALONBAYCOM0.09%$625,0004.2K
93US OILCOM0.08%$566,00020.0K
94HP INC.COM0.07%$486,00025.6K
95UBERUBER TECHNOLOGIESCOM0.07%$467,00012.8K
96GAPGAP INCCOM0.06%$453,00026.6K
97DIASPDR DOW JONES INDCOM0.06%$449,0001.6K
98ADOBE SYSTEMSCOM0.06%$442,000900
99INNOVATOR IBD 50COM0.06%$438,00011.8K
100ISHARES SIlVERCOM0.06%$433,00020.0K

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 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 ↗.