SEC 13F Intelligence

Managers / Q1 2021 · view latest →

Grassi Investment Management

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

Reported Value
$882M
Q1 2021
Positions
143
Filings on Record
28
2019–present window
Filed
Apr 12, 2021
original filing

Summary

Grassi Investment Management reported $882M in U.S.-listed holdings across 143 positions for Q1 2021.

Its largest position, Quotient Tech, represents 9.8% of the portfolio.

Compared with Q4 2020, the fund opened 14 new positions and exited 7.

Portfolio Metrics

Turnover
+3.4%
vs prior filed quarter
Top-10 Concentration
+37.9%
share of reported value
Largest Position
+9.8%
Quotient Tech
New / Exited
14 / 7
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: 77.2%Other: 9.2%REIT: 7.5%ADR: 3.3%ETP: 2.6%Other: 0.4%
  • Common Stock · 77.2% · $680M
  • Other · 9.2% · $81M
  • REIT · 7.5% · $66M
  • ADR · 3.3% · $29M
  • ETP · 2.6% · $23M
  • Other · 0.4% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ADMARCHR DAN MIDLNDNEW+88.8K88.8K+$5M$5M
ABNBAIRBNBNEW+3.3K3.3K+$618,000$618,000
MACMACERICH CONEW+37.0K37.0K+$433,000$433,000
DRIVGLOBAL X ELECTRIC VEHICLESNEW+14.7K14.7K+$389,000$389,000
FINANCIAL SPDRNEW+9.9K9.9K+$337,000$337,000
FBGRXFIDELITY BLUE CHIPNEW+1.5K1.5K+$247,000$247,000
LYVLIVE NATIONNEW+2.8K2.8K+$237,000$237,000
IWMISHARES RUSSELL 2000NEW+990990+$219,000$219,000

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

Holdings — Q1 2021

142 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1QUOTIENT TECH.COM9.83%$87M5.31M
2AAPLAPPLE COMPUTERhistory →COM4.94%$44M356.9K
3MSFTMICROSOFT CORPhistory →COM4.41%$39M165.0K
4NVDANVIDIA CORPhistory →COM4.24%$37M70.1K
5AMATAPPLIED MATERIALShistory →COM3.83%$34M253.1K
6VISA INC CL ACOM2.56%$23M106.4K
7PLDPROLOGIShistory →COM2.30%$20M191.1K
8ACTIVISIONCOM2.02%$18M191.2K
9JPMJP MORGAN CHASEhistory →COM1.90%$17M109.9K
10DISDISNEY, WALT COhistory →COM1.85%$16M88.6K
11CATCATERPILLARhistory →COM1.83%$16M69.6K
12RIORIO TINTOhistory →COM1.81%$16M205.8K
13FRCBFIRST REPUBLIChistory →COM1.78%$16M94.0K
14BACBANK OF AMERICAhistory →COM1.74%$15M397.7K
15LLYLILLY, ELI & COhistory →COM1.69%$15M79.6K
16BABOEINGhistory →COM1.67%$15M57.7K
17HONHONEYWELL INTLhistory →COM1.63%$14M66.3K
18PGPROCTER & GAMBLEhistory →COM1.60%$14M104.4K
19ABTABBOTT LABS COMhistory →COM1.53%$13M112.6K
20MEDTRONIC PLCCOM1.50%$13M111.8K
21NOWSERVICENOW, INChistory →COM1.45%$13M25.6K
22AMTAMERICAN TOWERhistory →COM1.41%$12M51.9K
23STZCONSTELLATIONhistory →COM1.40%$12M54.3K
24BROADCOM LTDCOM1.38%$12M26.3K
25CCICROWN CASTLE INT'Lhistory →COM1.35%$12M69.3K
26JNJJOHN. & JOHN.history →COM1.32%$12M70.9K
27UNPUNION PACIFIChistory →COM1.31%$12M52.3K
28HDHOME DEPOT INChistory →COM1.30%$11M37.7K
29ABBVABBVIE INC.history →COM1.28%$11M104.2K
30TSMTAIWAN SEMI ADRhistory →COM1.26%$11M94.1K
31LMTLOCKHEED MARTINhistory →COM1.10%$10M26.2K
32MUMICRON TECHNOLOGYhistory →COM1.08%$9M107.7K
33MSMORGAN STANLEYhistory →COM1.05%$9M119.0K
34BMYBRISTOL-MYERShistory →COM1.00%$9M139.8K
35BLACKSTONECOM1.00%$9M118.4K
36DLRDIGITAL REALTY TRCOM0.98%$9M61.7K
37LHXL3HARRIS TECHCOM0.98%$9M42.6K
38ORCLORACLE CORPCOM0.97%$9M122.0K
39CYRUSONE INCCOM0.97%$9M126.2K
40MERCK & CO INCCOM0.96%$8M109.4K
41VMCVULCAN MATERIALSCOM0.88%$8M45.8K
42CRMSALESFORCE.COMCOM0.85%$8M35.6K
43CMCSACOMCAST CL ACOM0.84%$7M137.0K
44MARMARRIOTT INTLCOM0.84%$7M50.0K
45AMDADVANCED MICRO DEVCOM0.83%$7M93.7K
46VZVERIZON COMMCOM0.83%$7M125.5K
47PEPPEPSICO INCCOM0.77%$7M48.0K
48RCLROYAL CARIBBEANCOM0.76%$7M78.4K
49MMM3M COMPANYCOM0.74%$7M34.1K
50MOSAIC COCOM0.69%$6M192.1K
51WFCWELLS FARGO & COCOM0.69%$6M154.8K
52MOALTRIA GROUP INCCOM0.68%$6M116.6K
53CVXCHEVRON CORPCOM0.67%$6M56.3K
54IBMIBM CORPORATIONCOM0.59%$5M38.8K
55PFEPFIZER INCCOM0.58%$5M142.2K
56ADMARCHR DAN MIDLNDCOM0.57%$5M88.8K
57AMZNAMAZON.COMCOM0.55%$5M1.6K
58WMTWAL-MART STORESCOM0.53%$5M34.7K
59FISVFISERV INCCOM0.49%$4M36.6K
60XLKTECHNOLOGY SPDRCOM0.46%$4M30.7K
61QQQINVESCO QQQCOM0.46%$4M12.6K
62AXPAMERICAN EXPRESSCOM0.37%$3M23.0K
63FREEPORT MCMORANCOM0.36%$3M96.4K
64XLIINDUSTRIALS SPDRCOM0.32%$3M28.7K
65WDAYWORKDAY INCCOM0.29%$3M10.2K
66GOOGLALPHABET CLASS ACOM0.28%$3M1.2K
67LITELUMENTUM HLDGCOM0.28%$2M27.0K
68IBBISHARES BIOTECHNOLOGYCOM0.25%$2M14.8K
69XLVHEALTH CARE SPDRCOM0.24%$2M18.3K
70RTXRAYTHEONCOM0.24%$2M27.2K
71US STEEL CORPCOM0.22%$2M74.7K
72METAFACEBOOK, INC.COM0.22%$2M6.6K
73PPAINVESCO AEROSP & DEFCOM0.20%$2M24.1K
74SONYSONY CORPCOM0.17%$2M14.6K
75INTCINTEL CORPORATIONCOM0.17%$2M24.1K
76EXMOCEXXON MOBIL CORPCOM0.16%$1M25.6K
77COSTCOSTCO WHOLESALECOM0.16%$1M3.9K
78CITIGROUP INCCOM0.15%$1M18.6K
79STWDSTARWOOD PROPCOM0.14%$1M48.3K
80CLXCLOROX COMPANYCOM0.13%$1M6.0K
81LENDINGCLUB CORPCOM0.13%$1M68.5K
82XLYSPDR CONSUMER DISCRCOM0.13%$1M6.6K
83SBUXSTARBUCKS CORPCOM0.12%$1M9.8K
84VFIAXVANGUARD 500 INDEXCOM0.12%$1M2.8K
85AT&TCOM0.11%$992,00032.8K
86EPDENTERPRISE PRODSCOM0.11%$927,00042.1K
87CPTCAMDEN PROPERTYCOM0.10%$880,0008.0K
88XLBMATERIALS SPDRCOM0.10%$846,00010.7K
89HP INC.COM0.09%$813,00025.6K
90US OILCOM0.09%$811,00020.0K
91GAPGAP INCCOM0.09%$792,00026.6K
92AVBAVALONBAYCOM0.09%$772,0004.2K
93UBERUBER TECHNOLOGIESCOM0.08%$690,00012.7K
94GLDSPDR GOLD SHARESCOM0.08%$672,0004.2K
95JOETVIRTUS TERRANOVACOM0.07%$637,00023.9K
96ABNBAIRBNBCOM0.07%$618,0003.3K
97DVYISHARES SELECT DIVIDENDCOM0.06%$560,0004.9K
98TSLATESLA MOTORSCOM0.06%$541,000810
99INNOVATOR IBD 50COM0.06%$500,00011.4K
100LENLENNAR CORPCOM0.06%$493,0004.9K

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 ↗.