SEC 13F Intelligence

Managers / Q1 2022 · view latest →

Grassi Investment Management

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

Reported Value
$957M
Q1 2022
Positions
136
Filings on Record
28
2019–present window
Filed
Apr 12, 2022
original filing

Summary

Grassi Investment Management reported $957M in U.S.-listed holdings across 136 positions for Q1 2022.

Its largest position, NVDA, represents 7.9% of the portfolio.

Compared with Q4 2021, the fund opened 3 new positions and exited 13.

Portfolio Metrics

Turnover
+4.2%
vs prior filed quarter
Top-10 Concentration
+38.5%
share of reported value
Largest Position
+7.9%
Nvidia
New / Exited
3 / 13
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: 75.0%Other: 10.9%REIT: 7.6%ETP: 3.2%ADR: 2.9%Other: 0.3%
  • Common Stock · 75.0% · $718M
  • Other · 10.9% · $104M
  • REIT · 7.6% · $73M
  • ETP · 3.2% · $31M
  • ADR · 2.9% · $28M
  • Other · 0.3% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TRPTC ENERGY CORPNEW+5.0K5.0K+$282,000$282,000
MRNAMODERNA INCNEW+1.6K1.6K+$276,000$276,000
DEDEERE & CONEW+525525+$218,000$218,000
KRESPDR S&P REGIONAL BANKINGADDED+97.5K102.4K+$7M$7M
AMPLAMPLITUDE INCADDED+8.8K15.4K−$65,000$284,000
US STEEL CORPSOLD OUT−135.8K0−$3M$0
LHXL3HARRIS TECHSOLD OUT−11.1K0−$2M$0
PPAINVESCO AEROSP & DEFSOLD OUT−20.1K0−$1M$0

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

Holdings — Q1 2022

135 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPhistory →COM7.89%$75M276.7K
2AAPLAPPLE COMPUTERhistory →COM6.48%$62M355.1K
3MSFTMICROSOFT CORPhistory →COM5.29%$51M164.2K
4AMATAPPLIED MATERIALShistory →COM3.71%$35M269.1K
5QUOTIENT TECH.COM3.54%$34M5.31M
6PLDPROLOGIShistory →COM3.23%$31M191.1K
7VISA INC CL ACOM2.41%$23M104.1K
8LLYLILLY, ELI & COhistory →COM2.38%$23M79.4K
9ABBVABBVIE INC.history →COM1.79%$17M105.4K
10RIORIO TINTOhistory →COM1.74%$17M206.4K
11BROADCOM LTDCOM1.73%$17M26.3K
12BACBANK OF AMERICAhistory →COM1.71%$16M396.7K
13PGPROCTER & GAMBLEhistory →COM1.67%$16M104.4K
14CATCATERPILLARhistory →COM1.61%$15M69.0K
15FRCBFIRST REPUBLIChistory →COM1.59%$15M94.0K
16BLACKSTONECOM1.59%$15M119.6K
17JPMJP MORGAN CHASEhistory →COM1.57%$15M110.3K
18MOSAIC COCOM1.50%$14M215.5K
19UNPUNION PACIFIChistory →COM1.49%$14M52.2K
20NOWSERVICENOW, INChistory →COM1.47%$14M25.2K
21ABTABBOTT LABS COMhistory →COM1.40%$13M113.2K
22AMTAMERICAN TOWERhistory →COM1.37%$13M52.3K
23HONHONEYWELL INTLhistory →COM1.34%$13M66.1K
24CCICROWN CASTLE INT'Lhistory →COM1.32%$13M68.5K
25JNJJOHN. & JOHN.history →COM1.32%$13M71.1K
26DISDISNEY, WALT COhistory →COM1.29%$12M89.7K
27LMTLOCKHEED MARTINhistory →COM1.20%$12M26.1K
28HDHOME DEPOT INChistory →COM1.18%$11M37.7K
29STZCONSTELLATIONhistory →COM1.15%$11M47.6K
30ACTIVISIONCOM1.11%$11M133.0K
31MSMORGAN STANLEYhistory →COM1.10%$11M120.5K
32AMDADVANCED MICRO DEVhistory →COM1.09%$10M95.0K
33BABOEINGhistory →COM1.07%$10M53.5K
34ORCLORACLE CORPhistory →COM1.06%$10M122.5K
35TSMTAIWAN SEMI ADRhistory →COM1.02%$10M93.7K
36MEDTRONIC PLCCOM1.00%$10M86.6K
37CVXCHEVRON CORPCOM0.96%$9M56.5K
38ADMARCHR DAN MIDLNDCOM0.94%$9M99.5K
39DLRDIGITAL REALTY TRCOM0.93%$9M62.8K
40MERCK & CO INCCOM0.92%$9M107.2K
41MARMARRIOTT INTLCOM0.92%$9M50.0K
42VMCVULCAN MATERIALSCOM0.88%$8M45.8K
43FORD MOTOR COCOM0.88%$8M497.4K
44CRMSALESFORCE.COMCOM0.85%$8M38.4K
45WFCWELLS FARGO & COCOM0.84%$8M166.2K
46PEPPEPSICO INCCOM0.84%$8M48.0K
47BMYBRISTOL-MYERSCOM0.83%$8M108.6K
48IBMIBM CORPORATIONCOM0.82%$8M60.1K
49PFEPFIZER INCCOM0.80%$8M148.6K
50RCLROYAL CARIBBEANCOM0.80%$8M91.1K
51ABNBAIRBNBCOM0.78%$7M43.7K
52KRESPDR S&P REGIONAL BANKINGCOM0.74%$7M102.4K
53VZVERIZON COMMCOM0.67%$6M125.9K
54CMCSACOMCAST CL ACOM0.67%$6M136.3K
55MOALTRIA GROUP INCCOM0.62%$6M113.1K
56AMZNAMAZON.COMCOM0.60%$6M1.8K
57WYNNWYNN RESORTS LTDCOM0.56%$5M67.5K
58XLKTECHNOLOGYCOM0.54%$5M32.7K
59WMTWAL-MART STORESCOM0.54%$5M34.7K
60MMM3M COMPANYCOM0.53%$5M34.1K
61QQQINVESCO QQQCOM0.46%$4M12.1K
62AXPAMERICAN EXPRESSCOM0.45%$4M23.0K
63FREEPORT MCMORANCOM0.44%$4M85.5K
64GOOGLALPHABET CLASS ACOM0.41%$4M1.4K
65TUTELUS CORPCOM0.35%$3M128.0K
66WDAYWORKDAY INCCOM0.30%$3M12.1K
67XLVHEALTH CARECOM0.30%$3M21.0K
68XLIINDUSTRIALSCOM0.30%$3M27.8K
69SPGSIMON PPTY GRP INCCOM0.29%$3M20.7K
70RTXRAYTHEONCOM0.27%$3M26.4K
71COSTCOSTCO WHOLESALECOM0.26%$2M4.3K
72EXMOCEXXON MOBIL CORPCOM0.22%$2M25.7K
73IBBBIOTECHNOLOGYCOM0.22%$2M15.9K
74LENDINGCLUB CORPCOM0.20%$2M123.8K
75METAMETA PLATFORMSCOM0.16%$2M6.9K
76SONYSONY CORPCOM0.15%$1M14.3K
77UBERUBER TECHNOLOGIESCOM0.15%$1M39.8K
78XLYCONSUMER DISCRCOM0.15%$1M7.5K
79CPTCAMDEN PROPERTYCOM0.14%$1M7.9K
80KTOSKRATOS DEFENSECOM0.13%$1M62.8K
81STWDSTARWOOD PROPCOM0.12%$1M49.3K
82TSLATESLA MOTORSCOM0.12%$1M1.1K
83XLBMATERIALSCOM0.12%$1M12.6K
84AVBAVALONBAYCOM0.11%$1M4.2K
85EPDENTERPRISE PRODSCOM0.11%$1M40.1K
86JOETVIRTUS TERRANOVACOM0.10%$971,00032.3K
87SBUXSTARBUCKS CORPCOM0.10%$942,00010.4K
88HP INC.COM0.10%$929,00025.6K
89CITIGROUP INCCOM0.09%$890,00016.7K
90GDGENERAL DYNAMICSCOM0.09%$886,0003.7K
91CLXCLOROX COMPANYCOM0.09%$834,0006.0K
92VFIAXVANGUARD 500 INDEXCOM0.09%$822,0002.0K
93FISVFISERV INCCOM0.08%$811,0008.0K
94DVYSELECT DIVIDENDCOM0.08%$747,0005.8K
95DRIVGLOBAL X ELECTRIC VEHICLESCOM0.07%$622,00022.6K
96FINANCIALCOM0.06%$573,00015.0K
97COINCOINBASE GLBCOM0.06%$564,0003.0K
98DIASPDR DOW JONES INDCOM0.05%$487,0001.4K
99CICIGNA CORPCOM0.05%$479,0002.0K
100IGMEXPANDED TECHCOM0.05%$453,0001.2K

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 ↗.