SEC 13F Intelligence

Managers / Q4 2021 · view latest →

Grassi Investment Management

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

Reported Value
$1.0B
Q4 2021
Positions
146
Filings on Record
28
2019–present window
Filed
Jan 13, 2022
original filing

Summary

Grassi Investment Management reported $1.0B in U.S.-listed holdings across 146 positions for Q4 2021.

Its largest position, NVDA, represents 8.2% of the portfolio.

Compared with Q3 2021, the fund opened 13 new positions and exited 9.

Portfolio Metrics

Turnover
+3.5%
vs prior filed quarter
Top-10 Concentration
+39.3%
share of reported value
Largest Position
+8.2%
Nvidia
New / Exited
13 / 9
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: 76.1%Other: 10.2%REIT: 8.0%ETP: 2.8%ADR: 2.7%Other: 0.3%
  • Common Stock · 76.1% · $762M
  • Other · 10.2% · $102M
  • REIT · 8.0% · $80M
  • ETP · 2.8% · $28M
  • ADR · 2.7% · $27M
  • Other · 0.3% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FORD MOTOR CONEW+455.0K455.0K+$9M$9M
GDGENERAL DYNAMICSNEW+3.6K3.6K+$756,000$756,000
KRESPDR S&P REGIONAL BANKINGNEW+5.0K5.0K+$351,000$351,000
AMPLAMPLITUDE INCNEW+6.6K6.6K+$349,000$349,000
ASMLFASML HOLDINGS NVNEW+350350+$279,000$279,000
ONON SEMICONDUCTORNEW+3.4K3.4K+$231,000$231,000
ATKRATKORE INCNEW+2.0K2.0K+$222,000$222,000
BERKSHIRE HATH.NEW+726726+$217,000$217,000

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

Holdings — Q4 2021

145 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPhistory →COM8.15%$82M277.4K
2AAPLAPPLE COMPUTERhistory →COM6.33%$63M356.9K
3MSFTMICROSOFT CORPhistory →COM5.51%$55M164.1K
4AMATAPPLIED MATERIALShistory →COM3.97%$40M252.8K
5QUOTIENT TECH.COM3.93%$39M5.31M
6PLDPROLOGIShistory →COM3.21%$32M191.1K
7VISA INC CL ACOM2.25%$23M104.0K
8LLYLILLY, ELI & COhistory →COM2.19%$22M79.4K
9FRCBFIRST REPUBLIChistory →COM1.94%$19M94.0K
10BACBANK OF AMERICAhistory →COM1.76%$18M396.7K
11BROADCOM LTDCOM1.75%$18M26.3K
12JPMJP MORGAN CHASEhistory →COM1.74%$17M110.0K
13PGPROCTER & GAMBLEhistory →COM1.71%$17M104.4K
14NOWSERVICENOW, INChistory →COM1.63%$16M25.2K
15ABTABBOTT LABS COMhistory →COM1.59%$16M113.3K
16HDHOME DEPOT INChistory →COM1.56%$16M37.7K
17BLACKSTONECOM1.51%$15M116.8K
18AMTAMERICAN TOWERhistory →COM1.51%$15M51.5K
19CCICROWN CASTLE INT'Lhistory →COM1.43%$14M68.8K
20ABBVABBVIE INC.history →COM1.43%$14M105.8K
21CATCATERPILLARhistory →COM1.43%$14M69.0K
22DISDISNEY, WALT COhistory →COM1.38%$14M89.3K
23RIORIO TINTOhistory →COM1.38%$14M206.2K
24HONHONEYWELL INTLhistory →COM1.37%$14M65.9K
25AMDADVANCED MICRO DEVhistory →COM1.35%$13M93.8K
26UNPUNION PACIFIChistory →COM1.31%$13M52.2K
27JNJJOHN. & JOHN.history →COM1.22%$12M71.3K
28STZCONSTELLATIONhistory →COM1.19%$12M47.6K
29MSMORGAN STANLEYhistory →COM1.17%$12M119.0K
30MEDTRONIC PLCCOM1.17%$12M112.8K
31TSMTAIWAN SEMI ADRhistory →COM1.14%$11M94.4K
32ORCLORACLE CORPhistory →COM1.08%$11M123.8K
33BABOEINGhistory →COM1.08%$11M53.5K
34DLRDIGITAL REALTY TRhistory →COM1.07%$11M60.7K
35VMCVULCAN MATERIALSCOM0.95%$10M45.8K
36FORD MOTOR COCOM0.94%$9M455.0K
37CRMSALESFORCE.COMCOM0.93%$9M36.7K
38LMTLOCKHEED MARTINCOM0.93%$9M26.2K
39ACTIVISIONCOM0.89%$9M133.2K
40PFEPFIZER INCCOM0.87%$9M148.2K
41PEPPEPSICO INCCOM0.83%$8M48.0K
42MARMARRIOTT INTLCOM0.83%$8M50.0K
43MERCK & CO INCCOM0.82%$8M106.7K
44WFCWELLS FARGO & COCOM0.79%$8M164.9K
45MOSAIC COCOM0.79%$8M200.7K
46IBMIBM CORPORATIONCOM0.79%$8M59.0K
47ABNBAIRBNBCOM0.73%$7M43.7K
48RCLROYAL CARIBBEANCOM0.71%$7M92.0K
49CMCSACOMCAST CL ACOM0.69%$7M136.3K
50ADMARCHR DAN MIDLNDCOM0.67%$7M98.5K
51BMYBRISTOL-MYERSCOM0.67%$7M106.8K
52CVXCHEVRON CORPCOM0.66%$7M55.9K
53VZVERIZON COMMCOM0.65%$6M124.7K
54MMM3M COMPANYCOM0.61%$6M34.1K
55AMZNAMAZON.COMCOM0.58%$6M1.7K
56WYNNWYNN RESORTS LTDCOM0.58%$6M67.8K
57XLKTECHNOLOGYCOM0.57%$6M32.7K
58WMTWAL-MART STORESCOM0.50%$5M34.7K
59MOALTRIA GROUP INCCOM0.50%$5M105.6K
60QQQINVESCO QQQCOM0.50%$5M12.5K
61AXPAMERICAN EXPRESSCOM0.38%$4M23.0K
62GOOGLALPHABET CLASS ACOM0.36%$4M1.3K
63FREEPORT MCMORANCOM0.36%$4M85.6K
64WDAYWORKDAY INCCOM0.33%$3M12.1K
65US STEEL CORPCOM0.32%$3M135.8K
66XLIINDUSTRIALSCOM0.31%$3M28.9K
67SPGSIMON PPTY GRP INCCOM0.30%$3M18.9K
68XLVHEALTH CARECOM0.29%$3M20.8K
69TUTELUS CORPCOM0.29%$3M124.0K
70LENDINGCLUB CORPCOM0.26%$3M109.0K
71FISVFISERV INCCOM0.26%$3M24.7K
72RTXRAYTHEONCOM0.24%$2M28.3K
73COSTCOSTCO WHOLESALECOM0.24%$2M4.2K
74IBBBIOTECHNOLOGYCOM0.24%$2M15.5K
75LHXL3HARRIS TECHCOM0.24%$2M11.1K
76METAMETA PLATFORMSCOM0.20%$2M5.8K
77SONYSONY CORPCOM0.19%$2M14.7K
78EXMOCEXXON MOBIL CORPCOM0.16%$2M25.7K
79XLYCONSUMER DISCRCOM0.16%$2M7.6K
80UBERUBER TECHNOLOGIESCOM0.15%$2M36.0K
81PPAINVESCO AEROSP & DEFCOM0.15%$1M20.1K
82CPTCAMDEN PROPERTYCOM0.14%$1M8.0K
83KTOSKRATOS DEFENSECOM0.12%$1M63.8K
84SBUXSTARBUCKS CORPCOM0.12%$1M10.5K
85XLBMATERIALSCOM0.12%$1M12.7K
86STWDSTARWOOD PROPCOM0.11%$1M46.3K
87TSLATESLA MOTORSCOM0.11%$1M1.1K
88US OILCOM0.11%$1M20.0K
89AVBAVALONBAYCOM0.11%$1M4.2K
90CLXCLOROX COMPANYCOM0.10%$1M6.0K
91JOETVIRTUS TERRANOVACOM0.10%$1M31.3K
92CITIGROUP INCCOM0.10%$1M17.1K
93VFIAXVANGUARD 500 INDEXCOM0.10%$995,0002.3K
94HP INC.COM0.10%$964,00025.6K
95GDGENERAL DYNAMICSCOM0.08%$756,0003.6K
96DVYSELECT DIVIDENDCOM0.07%$727,0005.9K
97EPDENTERPRISE PRODSCOM0.07%$683,00031.1K
98DRIVGLOBAL X ELECTRIC VEHICLESCOM0.07%$679,00022.3K
99LENLENNAR CORPCOM0.06%$624,0005.4K
100FINANCIALCOM0.06%$593,00015.2K

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 ↗.