SEC 13F Intelligence

Managers / Q1 2024 · view latest →

Grassi Investment Management

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

Reported Value
$1.1B
Q1 2024
Positions
125
Filings on Record
28
2019–present window
Filed
Apr 10, 2024
original filing

Summary

Grassi Investment Management reported $1.1B in U.S.-listed holdings across 125 positions for Q1 2024.

Its largest position, NVDA, represents 19.2% of the portfolio.

Compared with Q4 2023, the fund opened 6 new positions and exited 3.

Portfolio Metrics

Turnover
+2.6%
vs prior filed quarter
Top-10 Concentration
+54.6%
share of reported value
Largest Position
+19.2%
Nvidia
New / Exited
6 / 3
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: 81.4%Other: 9.1%REIT: 5.5%ETP: 2.5%ADR: 1.2%Other: 0.2%
  • Common Stock · 81.4% · $901M
  • Other · 9.1% · $101M
  • REIT · 5.5% · $60M
  • ETP · 2.5% · $28M
  • ADR · 1.2% · $14M
  • Other · 0.2% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BSXBOSTON SCIENTIFICNEW+38.8K38.8K+$3M$3M
AMGNAMGEN INCNEW+8.0K8.0K+$2M$2M
HACKAMPLIFY CYBERSECURITYNEW+4.3K4.3K+$274,000$274,000
INNOVATOR IBD 50NEW+7.5K7.5K+$206,000$206,000
TRPTC ENERGY CORPNEW+5.0K5.0K+$201,000$201,000
CLNECLEAN ENRGY FUELNEW+13.5K13.5K+$36,000$36,000
IGMEXPANDED TECHADDED+4.6K5.6K+$64,000$479,000
DISDISNEY, WALT COADDED+45.8K65.5K+$6M$8M

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

Holdings — Q1 2024

124 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPhistory →COM19.16%$212M234.4K
2MSFTMICROSOFT CORPhistory →COM6.19%$68M162.8K
3LLYLILLY, ELI & COhistory →COM5.57%$62M79.1K
4AAPLAPPLE COMPUTERhistory →COM5.32%$59M343.1K
5AMATAPPLIED MATERIALShistory →COM5.17%$57M277.3K
6BROADCOM LTDCOM3.14%$35M26.2K
7PLDPROLOGIShistory →COM2.97%$33M252.1K
8VISA INC CL ACOM2.56%$28M101.3K
9CATCATERPILLARhistory →COM2.28%$25M68.9K
10AMDADVANCED MICRO DEVhistory →COM2.22%$24M135.7K
11JPMJP MORGAN CHASEhistory →COM1.96%$22M108.1K
12ABBVABBVIE INC.history →COM1.68%$19M102.3K
13PGPROCTER & GAMBLEhistory →COM1.53%$17M104.4K
14BACBANK OF AMERICAhistory →COM1.53%$17M445.5K
15BLACKSTONECOM1.43%$16M120.0K
16HDHOME DEPOT INChistory →COM1.29%$14M37.2K
17MERCK & CO INCCOM1.24%$14M104.3K
18HONHONEYWELL INTLhistory →COM1.20%$13M64.4K
19RIORIO TINTOhistory →COM1.17%$13M203.5K
20STZCONSTELLATIONhistory →COM1.16%$13M47.1K
21UNPUNION PACIFIChistory →COM1.16%$13M52.0K
22ABTABBOTT LABS COMhistory →COM1.15%$13M111.9K
23MARMARRIOTT INTLhistory →COM1.14%$13M50.0K
24ORCLORACLE CORPhistory →COM1.14%$13M100.2K
25AMZNAMAZON.COMhistory →COM1.12%$12M68.4K
26VMCVULCAN MATERIALShistory →COM1.11%$12M45.0K
27LMTLOCKHEED MARTINhistory →COM1.06%$12M25.9K
28IBMIBM CORPORATIONhistory →COM1.04%$11M60.1K
29MSMORGAN STANLEYhistory →COM1.03%$11M120.8K
30WFCWELLS FARGO & COhistory →COM1.02%$11M194.0K
31JNJJOHN. & JOHN.history →COM0.99%$11M69.5K
32AMTAMERICAN TOWERhistory →COM0.98%$11M54.6K
33CRMSALESFORCE.COMhistory →COM0.92%$10M33.6K
34SNOWSNOWFLAKE CLASS ACOM0.85%$9M58.0K
35CVXCHEVRON CORPCOM0.80%$9M56.4K
36GOOGLALPHABET CLASS ACOM0.80%$9M58.5K
37SCHWCHARLES SCHWABCOM0.80%$9M121.5K
38BABOEINGCOM0.75%$8M42.9K
39DLRDIGITAL REALTY TRCOM0.74%$8M56.5K
40DISDISNEY, WALT COCOM0.72%$8M65.5K
41UBERUBER TECHNOLOGIESCOM0.65%$7M93.8K
42NOWSERVICENOW, INCCOM0.62%$7M9.0K
43PEPPEPSICO INCCOM0.60%$7M37.8K
44WMTWAL-MART STORESCOM0.59%$7M108.9K
45XLKTECHNOLOGYCOM0.58%$6M30.6K
46BMYBRISTOL-MYERSCOM0.53%$6M108.9K
47CMCSACOMCAST CL ACOM0.52%$6M133.4K
48AXPAMERICAN EXPRESSCOM0.47%$5M23.0K
49QQQINVESCO QQQCOM0.46%$5M11.4K
50MOALTRIA GROUP INCCOM0.38%$4M95.2K
51FREEPORT MCMORANCOM0.36%$4M83.5K
52WDAYWORKDAY INCCOM0.34%$4M13.6K
53SPGSIMON PPTY GRP INCCOM0.33%$4M23.1K
54COSTCOSTCO WHOLESALECOM0.32%$4M4.8K
55GDGENERAL DYNAMICSCOM0.29%$3M11.5K
56XLIINDUSTRIALSCOM0.27%$3M23.4K
57XLVHEALTH CARECOM0.26%$3M19.6K
58BSXBOSTON SCIENTIFICCOM0.24%$3M38.8K
59EXMOCEXXON MOBIL CORPCOM0.22%$2M20.8K
60AMGNAMGEN INCCOM0.21%$2M8.0K
61KRESPDR S&P REGIONALCOM0.20%$2M42.9K
62CCICROWN CASTLE INT'LCOM0.19%$2M20.1K
63IBBBIOTECHNOLOGYCOM0.14%$2M11.2K
64MMM3M COMPANYCOM0.13%$1M13.1K
65IWMISHARES RUSSELL 2000COM0.12%$1M6.1K
66EPDENTERPRISE PRODSCOM0.11%$1M41.2K
67XLYCONSUMER DISCRCOM0.10%$1M6.3K
68ALLIANCE RES PTNRSCOM0.10%$1M57.0K
69PFEPFIZER INCCOM0.09%$1M37.3K
70LENDINGCLUB CORPCOM0.09%$1M117.0K
71STWDSTARWOOD PROPCOM0.09%$998,00049.1K
72RCLROYAL CARIBBEANCOM0.09%$980,0007.0K
73XLBMATERIALSCOM0.09%$951,00010.2K
74CLXCLOROX COMPANYCOM0.08%$919,0006.0K
75METAMETA PLATFORMSCOM0.08%$869,0001.8K
76AONAON PLCCOM0.08%$868,0002.6K
77SONYSONY CORPCOM0.08%$849,0009.9K
78SBUXSTARBUCKS CORPCOM0.08%$835,0009.1K
79AMERICAN BATTERY TECHCOM0.08%$830,000474.2K
80TSLATESLA MOTORSCOM0.07%$781,0004.4K
81CPTCAMDEN PROPERTYCOM0.07%$778,0007.9K
82HP INC.COM0.07%$774,00025.6K
83AVBAVALONBAYCOM0.07%$758,0004.1K
84GAPGAP INCCOM0.07%$733,00026.6K
85CICIGNA CORPCOM0.07%$726,0002.0K
86RTXRAYTHEONCOM0.07%$721,0007.4K
87TUTELUS CORPCOM0.06%$707,00044.1K
88VFIAXVANGUARD 500 INDEXCOM0.06%$686,0001.4K
89UNHUNITEDHEALTH GROUPCOM0.06%$611,0001.2K
90VZVERIZON COMMCOM0.05%$599,00014.3K
91ASMLFASML HOLDINGS NVCOM0.05%$582,000600
92DVYSELECT DIVIDENDCOM0.05%$543,0004.4K
93FINANCIALCOM0.05%$535,00012.7K
94JOETVIRTUS TERRANOVACOM0.05%$528,00015.3K
95DIASPDR DOW JONES INDCOM0.05%$509,0001.3K
96IGMEXPANDED TECHCOM0.04%$479,0005.6K
97BENFRANKLIN RESCOM0.04%$473,00016.8K
98DRIVGLOBAL X ELECTRIC VEHICLESCOM0.04%$462,00018.7K
99HPEHEWLETT-PACKARDCOM0.04%$454,00025.6K
100CRWDCROWDSTRIKE HLDGSCOM0.04%$449,0001.4K

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 ↗.