SEC 13F Intelligence

Managers / Q3 2022 · view latest →

Grassi Investment Management

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

Reported Value
$686M
Q3 2022
Positions
121
Filings on Record
28
2019–present window
Filed
Oct 12, 2022
original filing

Summary

Grassi Investment Management reported $686M in U.S.-listed holdings across 121 positions for Q3 2022.

Its largest position, AAPL, represents 7.0% of the portfolio.

Compared with Q2 2022, the fund opened 1 new position and exited 5.

Portfolio Metrics

Turnover
+0.8%
vs prior filed quarter
Top-10 Concentration
+36.0%
share of reported value
Largest Position
+7.0%
Apple Computer
New / Exited
1 / 5
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: 76.8%Other: 10.0%REIT: 7.5%ETP: 3.4%ADR: 2.0%Other: 0.3%
  • Common Stock · 76.8% · $527M
  • Other · 10.0% · $68M
  • REIT · 7.5% · $52M
  • ETP · 3.4% · $23M
  • ADR · 2.0% · $14M
  • Other · 0.3% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SEDGSOLAREDGE TECHNEW+1.0K1.0K+$231,000$231,000
GOOGLALPHABET CLASS AADDED+35.5K37.4K−$468,000$4M
GOOGALPHABET CLASS CADDED+6.9K7.3K−$96,000$702,000
TSLATESLA MOTORSADDED+1.9K3.2K−$36,000$862,000
VERTEX ENERGYADDED+26.0K49.0K+$63,000$305,000
LENLENNAR CORPSOLD OUT−4.6K0−$326,000$0
INTCINTEL CORPORATIONSOLD OUT−7.7K0−$288,000$0
MDLZMONDELEZ INTLSOLD OUT−3.5K0−$217,000$0

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

Holdings — Q3 2022

120 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1AAPLAPPLE COMPUTERhistory →COM7.05%$48M349.8K
2MSFTMICROSOFT CORPhistory →COM5.51%$38M162.3K
3NVDANVIDIA CORPhistory →COM5.04%$35M284.9K
4LLYLILLY, ELI & COhistory →COM3.74%$26M79.4K
5AMATAPPLIED MATERIALShistory →COM3.44%$24M288.0K
6PLDPROLOGIShistory →COM2.83%$19M191.3K
7VISA INC CL ACOM2.68%$18M103.4K
8ABBVABBVIE INC.history →COM2.03%$14M104.0K
9PGPROCTER & GAMBLEhistory →COM1.92%$13M104.4K
10FRCBFIRST REPUBLIChistory →COM1.79%$12M94.0K
11QUOTIENT TECH.COM1.79%$12M5.31M
12BACBANK OF AMERICAhistory →COM1.76%$12M399.5K
13BLACKSTONECOM1.72%$12M141.3K
14BROADCOM LTDCOM1.70%$12M26.2K
15JNJJOHN. & JOHN.history →COM1.68%$12M70.5K
16JPMJP MORGAN CHASEhistory →COM1.66%$11M109.3K
17CATCATERPILLARhistory →COM1.65%$11M69.0K
18RIORIO TINTOhistory →COM1.65%$11M205.0K
19AMTAMERICAN TOWERhistory →COM1.63%$11M52.2K
20HONHONEYWELL INTLhistory →COM1.59%$11M65.3K
21STZCONSTELLATIONhistory →COM1.58%$11M47.3K
22ABTABBOTT LABS COMhistory →COM1.58%$11M112.2K
23HDHOME DEPOT INChistory →COM1.51%$10M37.5K
24UNPUNION PACIFIChistory →COM1.48%$10M52.2K
25LMTLOCKHEED MARTINhistory →COM1.46%$10M26.0K
26ACTIVISIONCOM1.43%$10M132.3K
27CCICROWN CASTLE INT'Lhistory →COM1.41%$10M66.8K
28MSMORGAN STANLEYhistory →COM1.40%$10M121.3K
29NOWSERVICENOW, INChistory →COM1.39%$10M25.2K
30MERCK & CO INCCOM1.34%$9M106.7K
31DISDISNEY, WALT COhistory →COM1.26%$9M91.5K
32CVXCHEVRON CORPhistory →COM1.18%$8M56.4K
33PEPPEPSICO INChistory →COM1.14%$8M48.0K
34ADMARCHR DAN MIDLNDhistory →COM1.13%$8M96.6K
35BMYBRISTOL-MYERShistory →COM1.12%$8M108.6K
36AMDADVANCED MICRO DEVhistory →COM1.07%$7M115.4K
37VMCVULCAN MATERIALShistory →COM1.05%$7M45.8K
38IBMIBM CORPORATIONhistory →COM1.04%$7M60.1K
39MARMARRIOTT INTLhistory →COM1.02%$7M50.0K
40MEDTRONIC PLCCOM1.02%$7M86.3K
41WFCWELLS FARGO & COCOM0.99%$7M169.1K
42KRESPDR S&P REGIONAL BANKINGCOM0.96%$7M111.5K
43PFEPFIZER INCCOM0.95%$7M149.2K
44BABOEINGCOM0.94%$6M53.2K
45DLRDIGITAL REALTY TRCOM0.92%$6M63.5K
46ORCLORACLE CORPCOM0.89%$6M99.6K
47AMZNAMAZON.COMCOM0.78%$5M47.3K
48FORD MOTOR COCOM0.77%$5M473.3K
49CRMSALESFORCE.COMCOM0.72%$5M34.4K
50VZVERIZON COMMCOM0.69%$5M124.1K
51ABNBAIRBNBCOM0.67%$5M43.5K
52WMTWAL-MART STORESCOM0.66%$5M34.7K
53MOALTRIA GROUP INCCOM0.64%$4M108.4K
54GOOGLALPHABET CLASS ACOM0.62%$4M44.7K
55CMCSACOMCAST CL ACOM0.57%$4M133.6K
56XLKTECHNOLOGYCOM0.55%$4M31.8K
57MMM3M COMPANYCOM0.55%$4M34.1K
58WYNNWYNN RESORTS LTDCOM0.54%$4M58.4K
59RCLROYAL CARIBBEANCOM0.49%$3M88.5K
60AXPAMERICAN EXPRESSCOM0.45%$3M23.0K
61QQQINVESCO QQQCOM0.42%$3M10.9K
62XLVHEALTH CARECOM0.36%$2M20.2K
63FREEPORT MCMORANCOM0.34%$2M85.5K
64SPGSIMON PPTY GRP INCCOM0.33%$2M25.2K
65EXMOCEXXON MOBIL CORPCOM0.33%$2M25.8K
66COSTCOSTCO WHOLESALECOM0.33%$2M4.8K
67RTXRAYTHEONCOM0.31%$2M26.1K
68XLIINDUSTRIALSCOM0.31%$2M25.7K
69WDAYWORKDAY INCCOM0.30%$2M13.4K
70LENDINGCLUB CORPCOM0.26%$2M160.9K
71IBBBIOTECHNOLOGYCOM0.24%$2M14.3K
72TSMTAIWAN SEMI ADRCOM0.23%$2M22.8K
73UBERUBER TECHNOLOGIESCOM0.20%$1M50.5K
74TUTELUS CORPCOM0.16%$1M56.6K
75XLYCONSUMER DISCRCOM0.15%$1M7.1K
76GDGENERAL DYNAMICSCOM0.14%$986,0004.6K
77EPDENTERPRISE PRODSCOM0.14%$954,00040.1K
78CPTCAMDEN PROPERTYCOM0.14%$945,0007.9K
79STWDSTARWOOD PROPCOM0.13%$916,00050.3K
80METAMETA PLATFORMSCOM0.13%$912,0006.7K
81TSLATESLA MOTORSCOM0.13%$862,0003.2K
82SONYSONY CORPCOM0.13%$858,00013.4K
83XLBMATERIALSCOM0.12%$848,00012.5K
84SBUXSTARBUCKS CORPCOM0.12%$795,0009.4K
85AVBAVALONBAYCOM0.11%$771,0004.2K
86CLXCLOROX COMPANYCOM0.11%$770,0006.0K
87HP INC.COM0.09%$638,00025.6K
88DVYSELECT DIVIDENDCOM0.09%$597,0005.6K
89VFIAXVANGUARD 500 INDEXCOM0.08%$555,0001.7K
90CICIGNA CORPCOM0.08%$555,0002.0K
91CITIGROUP INCCOM0.08%$530,00012.7K
92FINANCIALCOM0.07%$478,00015.8K
93JOETVIRTUS TERRANOVACOM0.06%$427,00017.4K
94DRIVGLOBAL X ELECTRIC VEHICLESCOM0.06%$414,00020.6K
95DIASPDR DOW JONES INDCOM0.05%$368,0001.3K
96BENFRANKLIN RESCOM0.05%$362,00016.8K
97MAGELLANCOM0.05%$347,0007.3K
98IGMEXPANDED TECHCOM0.05%$322,0001.2K
99COINCOINBASE GLBCOM0.05%$322,0005.0K
100HPEHEWLETT-PACKARDCOM0.04%$307,00025.6K

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 ↗.