SEC 13F Intelligence

Managers / Q2 2022 · view latest →

Grassi Investment Management

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

Reported Value
$757M
Q2 2022
Positions
125
Filings on Record
28
2019–present window
Filed
Jul 12, 2022
original filing

Summary

Grassi Investment Management reported $757M in U.S.-listed holdings across 125 positions for Q2 2022.

Its largest position, AAPL, represents 6.3% of the portfolio.

Compared with Q1 2022, the fund opened 4 new positions and exited 15.

Portfolio Metrics

Turnover
+0.9%
vs prior filed quarter
Top-10 Concentration
+36.2%
share of reported value
Largest Position
+6.3%
Apple Computer
New / Exited
4 / 15
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: 75.7%Other: 9.8%REIT: 8.0%ETP: 3.3%ADR: 2.8%Other: 0.3%
  • Common Stock · 75.7% · $573M
  • Other · 9.8% · $74M
  • REIT · 8.0% · $61M
  • ETP · 3.3% · $25M
  • ADR · 2.8% · $21M
  • Other · 0.3% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
DEFIANCE HOTEL,CRUISENEW+20.1K20.1K+$302,000$302,000
AT&TNEW+12.0K12.0K+$252,000$252,000
UNHUNITEDHEALTH GROUPNEW+485485+$249,000$249,000
VERTEX ENERGYNEW+23.0K23.0K+$242,000$242,000
AMZNAMAZON.COMADDED+45.6K47.4K−$671,000$5M
MOSAIC COSOLD OUT−215.5K0−$14M$0
SEDGSOLAREDGE TECHSOLD OUT−1.3K0−$419,000$0
AMERICAN CAMPUSSOLD OUT−7.0K0−$392,000$0

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

Holdings — Q2 2022

124 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE COMPUTERhistory →COM6.32%$48M349.8K
2NVDANVIDIA CORPhistory →COM5.70%$43M284.5K
3MSFTMICROSOFT CORPhistory →COM5.51%$42M162.5K
4AMATAPPLIED MATERIALShistory →COM3.46%$26M288.3K
5LLYLILLY, ELI & COhistory →COM3.40%$26M79.4K
6PLDPROLOGIShistory →COM2.97%$23M191.3K
7VISA INC CL ACOM2.69%$20M103.4K
8ABBVABBVIE INC.history →COM2.10%$16M104.0K
9QUOTIENT TECH.COM2.08%$16M5.31M
10PGPROCTER & GAMBLEhistory →COM1.98%$15M104.4K
11FRCBFIRST REPUBLIChistory →COM1.79%$14M94.0K
12AMTAMERICAN TOWERhistory →COM1.76%$13M52.2K
13BROADCOM LTDCOM1.69%$13M26.3K
14JNJJOHN. & JOHN.history →COM1.66%$13M70.6K
15RIORIO TINTOhistory →COM1.65%$13M205.3K
16BLACKSTONECOM1.64%$12M136.1K
17BACBANK OF AMERICAhistory →COM1.64%$12M398.0K
18CATCATERPILLARhistory →COM1.63%$12M69.0K
19JPMJP MORGAN CHASEhistory →COM1.63%$12M109.5K
20ABTABBOTT LABS COMhistory →COM1.61%$12M112.5K
21NOWSERVICENOW, INChistory →COM1.58%$12M25.2K
22HONHONEYWELL INTLhistory →COM1.50%$11M65.5K
23CCICROWN CASTLE INT'Lhistory →COM1.49%$11M67.0K
24LMTLOCKHEED MARTINhistory →COM1.48%$11M26.1K
25UNPUNION PACIFIChistory →COM1.47%$11M52.2K
26STZCONSTELLATIONhistory →COM1.46%$11M47.3K
27ACTIVISIONCOM1.36%$10M132.3K
28HDHOME DEPOT INChistory →COM1.36%$10M37.5K
29MERCK & CO INCCOM1.29%$10M106.9K
30MSMORGAN STANLEYhistory →COM1.22%$9M121.3K
31AMDADVANCED MICRO DEVhistory →COM1.14%$9M112.7K
32DISDISNEY, WALT COhistory →COM1.14%$9M91.3K
33ORCLORACLE CORPhistory →COM1.13%$9M122.2K
34IBMIBM CORPORATIONhistory →COM1.12%$8M60.0K
35BMYBRISTOL-MYERShistory →COM1.10%$8M108.6K
36DLRDIGITAL REALTY TRhistory →COM1.09%$8M63.4K
37CVXCHEVRON CORPhistory →COM1.08%$8M56.4K
38PEPPEPSICO INChistory →COM1.06%$8M48.0K
39PFEPFIZER INChistory →COM1.03%$8M148.8K
40MEDTRONIC PLCCOM1.02%$8M86.3K
41ADMARCHR DAN MIDLNDCOM0.99%$8M96.7K
42TSMTAIWAN SEMI ADRCOM0.99%$7M91.6K
43BABOEINGCOM0.96%$7M53.2K
44MARMARRIOTT INTLCOM0.90%$7M50.0K
45CRMSALESFORCE.COMCOM0.87%$7M40.1K
46WFCWELLS FARGO & COCOM0.87%$7M168.0K
47VMCVULCAN MATERIALSCOM0.86%$7M45.8K
48KRESPDR S&P REGIONAL BANKINGCOM0.86%$7M111.9K
49VZVERIZON COMMCOM0.84%$6M125.1K
50FORD MOTOR COCOM0.73%$6M499.3K
51CMCSACOMCAST CL ACOM0.71%$5M136.3K
52AMZNAMAZON.COMCOM0.66%$5M47.4K
53GOOGLALPHABET CLASS ACOM0.64%$5M2.2K
54MOALTRIA GROUP INCCOM0.60%$5M108.4K
55MMM3M COMPANYCOM0.58%$4M34.1K
56WMTWAL-MART STORESCOM0.56%$4M34.7K
57XLKTECHNOLOGYCOM0.53%$4M31.7K
58ABNBAIRBNBCOM0.51%$4M43.5K
59WYNNWYNN RESORTS LTDCOM0.45%$3M59.2K
60AXPAMERICAN EXPRESSCOM0.42%$3M23.0K
61RCLROYAL CARIBBEANCOM0.41%$3M88.9K
62QQQINVESCO QQQCOM0.41%$3M11.0K
63TUTELUS CORPCOM0.37%$3M126.7K
64XLVHEALTH CARECOM0.34%$3M20.1K
65FREEPORT MCMORANCOM0.33%$3M85.5K
66RTXRAYTHEONCOM0.33%$2M25.7K
67SPGSIMON PPTY GRP INCCOM0.30%$2M24.2K
68XLIINDUSTRIALSCOM0.30%$2M26.1K
69COSTCOSTCO WHOLESALECOM0.29%$2M4.6K
70EXMOCEXXON MOBIL CORPCOM0.29%$2M25.7K
71LENDINGCLUB CORPCOM0.26%$2M171.3K
72WDAYWORKDAY INCCOM0.24%$2M12.9K
73IBBBIOTECHNOLOGYCOM0.23%$2M14.7K
74SONYSONY CORPCOM0.14%$1M13.4K
75METAMETA PLATFORMSCOM0.14%$1M6.7K
76CPTCAMDEN PROPERTYCOM0.14%$1M7.9K
77STWDSTARWOOD PROPCOM0.14%$1M50.3K
78EPDENTERPRISE PRODSCOM0.13%$977,00040.1K
79XLYCONSUMER DISCRCOM0.13%$976,0007.1K
80UBERUBER TECHNOLOGIESCOM0.13%$954,00046.6K
81XLBMATERIALSCOM0.12%$911,00012.4K
82TSLATESLA MOTORSCOM0.12%$898,0001.3K
83CLXCLOROX COMPANYCOM0.11%$846,0006.0K
84HP INC.COM0.11%$839,00025.6K
85AVBAVALONBAYCOM0.11%$813,0004.2K
86GDGENERAL DYNAMICSCOM0.10%$780,0003.5K
87JOETVIRTUS TERRANOVACOM0.10%$733,00029.2K
88SBUXSTARBUCKS CORPCOM0.09%$705,0009.2K
89CITIGROUP INCCOM0.09%$661,00014.4K
90DVYSELECT DIVIDENDCOM0.08%$628,0005.3K
91VFIAXVANGUARD 500 INDEXCOM0.08%$619,0001.8K
92FISVFISERV INCCOM0.08%$569,0006.4K
93CICIGNA CORPCOM0.07%$527,0002.0K
94FINANCIALCOM0.06%$487,00015.5K
95DRIVGLOBAL X ELECTRIC VEHICLESCOM0.06%$453,00021.1K
96DIASPDR DOW JONES INDCOM0.05%$394,0001.3K
97BENFRANKLIN RESCOM0.05%$392,00016.8K
98MAGELLANCOM0.05%$349,0007.3K
99IGMEXPANDED TECHCOM0.05%$343,0001.2K
100KTOSKRATOS DEFENSECOM0.05%$341,00024.6K

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 ↗.