SEC 13F Intelligence

Managers / Q2 2021 · view latest →

Grassi Investment Management

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

Reported Value
$921M
Q2 2021
Positions
143
Filings on Record
28
2019–present window
Filed
Jul 9, 2021
original filing

Summary

Grassi Investment Management reported $921M in U.S.-listed holdings across 143 positions for Q2 2021.

Its largest position, Quotient Tech, represents 6.2% of the portfolio.

Compared with Q1 2021, the fund opened 7 new positions and exited 7.

Portfolio Metrics

Turnover
+5.2%
vs prior filed quarter
Top-10 Concentration
+37.5%
share of reported value
Largest Position
+6.2%
Quotient Tech
New / Exited
7 / 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: $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: 76.2%Other: 9.4%REIT: 8.1%ADR: 3.3%ETP: 2.7%Other: 0.4%
  • Common Stock · 76.2% · $701M
  • Other · 9.4% · $87M
  • REIT · 8.1% · $74M
  • ADR · 3.3% · $30M
  • ETP · 2.7% · $25M
  • Other · 0.4% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
WYNNWYNN RESORTS LTDNEW+21.9K21.9K+$3M$3M
SPGSIMON PPTY GRP INCNEW+8.3K8.3K+$1M$1M
COTYCOTY INCNEW+49.5K49.5K+$462,000$462,000
COINCOINBASE GLBNEW+1.2K1.2K+$306,000$306,000
MCDMCDONALDSNEW+891891+$206,000$206,000
BERKSHIRE HATH.NEW+726726+$202,000$202,000
FDVLXFIDELITY VALUE FUNDNEW+10.6K10.6K+$161,000$161,000
ABNBAIRBNBADDED+52.6K55.9K+$8M$9M

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

Holdings — Q2 2021

142 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1QUOTIENT TECH.COM6.23%$57M5.31M
2NVDANVIDIA CORPhistory →COM6.08%$56M70.0K
3AAPLAPPLE COMPUTERhistory →COM5.31%$49M357.1K
4MSFTMICROSOFT CORPhistory →COM4.87%$45M165.6K
5AMATAPPLIED MATERIALShistory →COM3.91%$36M253.1K
6VISA INC CL ACOM2.71%$25M106.8K
7PLDPROLOGIShistory →COM2.48%$23M191.1K
8ACTIVISIONCOM1.98%$18M191.2K
9LLYLILLY, ELI & COhistory →COM1.98%$18M79.4K
10FRCBFIRST REPUBLIChistory →COM1.91%$18M94.0K
11RIORIO TINTOhistory →COM1.88%$17M206.1K
12JPMJP MORGAN CHASEhistory →COM1.86%$17M110.1K
13BACBANK OF AMERICAhistory →COM1.77%$16M396.2K
14DISDISNEY, WALT COhistory →COM1.68%$16M88.2K
15CATCATERPILLARhistory →COM1.64%$15M69.6K
16HONHONEYWELL INTLhistory →COM1.58%$15M66.3K
17PGPROCTER & GAMBLEhistory →COM1.53%$14M104.4K
18NOWSERVICENOW, INChistory →COM1.52%$14M25.5K
19AMTAMERICAN TOWERhistory →COM1.51%$14M51.6K
20MEDTRONIC PLCCOM1.51%$14M112.0K
21BABOEINGhistory →COM1.50%$14M57.8K
22CCICROWN CASTLE INT'Lhistory →COM1.47%$14M69.3K
23ABTABBOTT LABS COMhistory →COM1.42%$13M112.6K
24BROADCOM LTDCOM1.36%$13M26.3K
25HDHOME DEPOT INChistory →COM1.31%$12M37.8K
26ABBVABBVIE INC.history →COM1.27%$12M104.0K
27JNJJOHN. & JOHN.history →COM1.27%$12M71.1K
28UNPUNION PACIFIChistory →COM1.25%$11M52.3K
29BLACKSTONECOM1.24%$11M118.0K
30STZCONSTELLATIONhistory →COM1.23%$11M48.3K
31TSMTAIWAN SEMI ADRhistory →COM1.22%$11M93.4K
32MSMORGAN STANLEYhistory →COM1.18%$11M119.0K
33LMTLOCKHEED MARTINhistory →COM1.08%$10M26.2K
34ORCLORACLE CORPhistory →COM1.03%$9M122.0K
35DLRDIGITAL REALTY TRhistory →COM1.00%$9M61.5K
36MUMICRON TECHNOLOGYCOM1.00%$9M108.3K
37CYRUSONE INCCOM0.98%$9M126.2K
38AMDADVANCED MICRO DEVCOM0.97%$9M95.3K
39CRMSALESFORCE.COMCOM0.96%$9M36.1K
40ABNBAIRBNBCOM0.93%$9M55.9K
41MERCK & CO INCCOM0.91%$8M107.7K
42VMCVULCAN MATERIALSCOM0.87%$8M45.8K
43CMCSACOMCAST CL ACOM0.85%$8M137.0K
44BMYBRISTOL-MYERSCOM0.78%$7M107.4K
45PEPPEPSICO INCCOM0.77%$7M48.0K
46VZVERIZON COMMCOM0.76%$7M125.6K
47WFCWELLS FARGO & COCOM0.76%$7M154.8K
48MARMARRIOTT INTLCOM0.74%$7M50.0K
49MMM3M COMPANYCOM0.74%$7M34.1K
50RCLROYAL CARIBBEANCOM0.72%$7M77.5K
51MOSAIC COCOM0.67%$6M194.1K
52ADMARCHR DAN MIDLNDCOM0.67%$6M101.3K
53CVXCHEVRON CORPCOM0.64%$6M55.9K
54PFEPFIZER INCCOM0.62%$6M145.7K
55IBMIBM CORPORATIONCOM0.62%$6M38.8K
56MOALTRIA GROUP INCCOM0.60%$6M116.6K
57AMZNAMAZON.COMCOM0.59%$5M1.6K
58WMTWAL-MART STORESCOM0.53%$5M34.7K
59XLKTECHNOLOGYCOM0.50%$5M30.9K
60QQQINVESCO QQQCOM0.49%$4M12.6K
61FISVFISERV INCCOM0.42%$4M36.5K
62AXPAMERICAN EXPRESSCOM0.41%$4M23.0K
63FREEPORT MCMORANCOM0.38%$4M95.2K
64GOOGLALPHABET CLASS ACOM0.32%$3M1.2K
65XLIINDUSTRIALSCOM0.32%$3M28.7K
66WYNNWYNN RESORTS LTDCOM0.29%$3M21.9K
67WDAYWORKDAY INCCOM0.27%$2M10.4K
68IBBBIOTECHNOLOGYCOM0.26%$2M14.9K
69LHXL3HARRIS TECHCOM0.26%$2M11.0K
70RTXRAYTHEONCOM0.25%$2M27.3K
71XLVHEALTH CARECOM0.25%$2M18.5K
72LITELUMENTUM HLDGCOM0.24%$2M26.6K
73US STEEL CORPCOM0.22%$2M85.2K
74METAFACEBOOK, INC.COM0.22%$2M5.8K
75PPAINVESCO AEROSP & DEFCOM0.20%$2M23.9K
76EXMOCEXXON MOBIL CORPCOM0.18%$2M25.6K
77COSTCOSTCO WHOLESALECOM0.17%$2M3.9K
78LENDINGCLUB CORPCOM0.16%$2M83.3K
79SONYSONY CORPCOM0.15%$1M14.6K
80INTCINTEL CORPORATIONCOM0.14%$1M23.8K
81CITIGROUP INCCOM0.14%$1M18.4K
82STWDSTARWOOD PROPCOM0.14%$1M48.3K
83XLYCONSUMER DISCRCOM0.13%$1M6.8K
84SBUXSTARBUCKS CORPCOM0.12%$1M9.9K
85SPGSIMON PPTY GRP INCCOM0.12%$1M8.3K
86CLXCLOROX COMPANYCOM0.12%$1M6.0K
87CPTCAMDEN PROPERTYCOM0.12%$1M8.0K
88EPDENTERPRISE PRODSCOM0.11%$1M42.1K
89US OILCOM0.11%$998,00020.0K
90VFIAXVANGUARD 500 INDEXCOM0.11%$990,0002.5K
91GAPGAP INCCOM0.10%$895,00026.6K
92XLBMATERIALSCOM0.10%$886,00010.8K
93AVBAVALONBAYCOM0.09%$873,0004.2K
94HP INC.COM0.08%$773,00025.6K
95MACMACERICH COCOM0.08%$748,00041.0K
96TSLATESLA MOTORSCOM0.08%$723,0001.1K
97GLDSPDR GOLD SHARESCOM0.08%$696,0004.2K
98JOETVIRTUS TERRANOVACOM0.07%$681,00023.4K
99UBERUBER TECHNOLOGIESCOM0.07%$629,00012.6K
100SHOPSHOPIFY INCCOM0.06%$581,000398

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 ↗.