SEC 13F Intelligence

Managers / Q2 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
Q2 2024
Positions
130
Filings on Record
28
2019–present window
Filed
Jul 9, 2024
original filing

Summary

Grassi Investment Management reported $1.1B in U.S.-listed holdings across 130 positions for Q2 2024.

Its largest position, NVDA, represents 18.3% of the portfolio.

Compared with Q1 2024, the fund opened 8 new positions and exited 3.

Portfolio Metrics

Turnover
+3.7%
vs prior filed quarter
Top-10 Concentration
+55.9%
share of reported value
Largest Position
+18.3%
Nvidia
New / Exited
8 / 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: $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: 81.7%Other: 9.4%REIT: 4.9%ETP: 2.5%ADR: 1.2%Other: 0.2%
  • Common Stock · 81.7% · $921M
  • Other · 9.4% · $106M
  • REIT · 4.9% · $56M
  • ETP · 2.5% · $28M
  • ADR · 1.2% · $14M
  • Other · 0.2% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PANWPALO ALTO NETWORKSNEW+2.9K2.9K+$976,000$976,000
DELL INCNEW+6.4K6.4K+$879,000$879,000
AIQGLOBAL X AI & TECHNEW+21.8K21.8K+$777,000$777,000
DRAFTKINGSNEW+15.0K15.0K+$573,000$573,000
NVONOVO-NORISK A/S ADRNEW+1.6K1.6K+$225,000$225,000
ELFELF BEAUTYNEW+1.0K1.0K+$211,000$211,000
QQQMINVESCO NASDAQNEW+1.1K1.1K+$208,000$208,000
VOOVANGUARD S&P 500NEW+406406+$203,000$203,000

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

Holdings — Q2 2024

129 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPhistory →COM18.31%$206M1.67M
2MSFTMICROSOFT CORPhistory →COM6.47%$73M163.1K
3LLYLILLY, ELI & COhistory →COM6.38%$72M79.5K
4AAPLAPPLE COMPUTERhistory →COM6.38%$72M341.5K
5AMATAPPLIED MATERIALShistory →COM5.80%$65M277.3K
6BROADCOM LTDCOM3.72%$42M26.1K
7PLDPROLOGIShistory →COM2.52%$28M253.2K
8VISA INC CL ACOM2.35%$27M101.1K
9CATCATERPILLARhistory →COM2.03%$23M68.6K
10AMDADVANCED MICRO DEVhistory →COM1.99%$22M138.0K
11JPMJP MORGAN CHASEhistory →COM1.92%$22M107.3K
12BACBANK OF AMERICAhistory →COM1.55%$17M439.5K
13ABBVABBVIE INC.history →COM1.54%$17M101.5K
14PGPROCTER & GAMBLEhistory →COM1.53%$17M104.4K
15BLACKSTONECOM1.31%$15M119.7K
16ORCLORACLE CORPhistory →COM1.24%$14M99.3K
17AMZNAMAZON.COMhistory →COM1.21%$14M70.4K
18RIORIO TINTOhistory →COM1.18%$13M201.9K
19HONHONEYWELL INTLhistory →COM1.17%$13M61.7K
20ABTABBOTT LABS COMhistory →COM1.15%$13M125.3K
21MERCK & CO INCCOM1.14%$13M103.8K
22HDHOME DEPOT INChistory →COM1.12%$13M36.8K
23STZCONSTELLATIONhistory →COM1.07%$12M47.1K
24MARMARRIOTT INTLhistory →COM1.07%$12M50.0K
25LMTLOCKHEED MARTINhistory →COM1.07%$12M25.9K
26MSMORGAN STANLEYhistory →COM1.04%$12M120.8K
27UNPUNION PACIFIChistory →COM1.03%$12M51.3K
28WFCWELLS FARGO & COhistory →COM1.02%$11M193.0K
29VMCVULCAN MATERIALShistory →COM0.99%$11M45.0K
30GOOGLALPHABET CLASS ACOM0.98%$11M60.9K
31AMTAMERICAN TOWERhistory →COM0.94%$11M54.3K
32IBMIBM CORPORATIONhistory →COM0.92%$10M60.1K
33NOWSERVICENOW, INCCOM0.85%$10M12.2K
34SCHWCHARLES SCHWABCOM0.79%$9M121.3K
35CVXCHEVRON CORPCOM0.78%$9M56.4K
36JNJJOHN. & JOHN.COM0.77%$9M59.4K
37CRMSALESFORCE.COMCOM0.76%$9M33.2K
38DLRDIGITAL REALTY TRCOM0.76%$9M56.0K
39SNOWSNOWFLAKE CLASS ACOM0.75%$8M62.2K
40BABOEINGCOM0.70%$8M43.1K
41WMTWAL-MART STORESCOM0.62%$7M102.9K
42XLKTECHNOLOGYCOM0.61%$7M30.6K
43UBERUBER TECHNOLOGIESCOM0.61%$7M94.2K
44DISDISNEY, WALT COCOM0.57%$6M65.3K
45PEPPEPSICO INCCOM0.55%$6M37.8K
46QQQINVESCO QQQCOM0.48%$5M11.3K
47CMCSACOMCAST CL ACOM0.46%$5M133.4K
48AXPAMERICAN EXPRESSCOM0.46%$5M22.5K
49BMYBRISTOL-MYERSCOM0.40%$5M108.8K
50MOALTRIA GROUP INCCOM0.38%$4M95.2K
51COSTCOSTCO WHOLESALECOM0.36%$4M4.8K
52FREEPORT MCMORANCOM0.36%$4M83.3K
53SPGSIMON PPTY GRP INCCOM0.30%$3M22.2K
54GDGENERAL DYNAMICSCOM0.29%$3M11.4K
55WDAYWORKDAY INCCOM0.27%$3M13.8K
56BSXBOSTON SCIENTIFICCOM0.27%$3M38.8K
57XLVHEALTH CARECOM0.25%$3M19.4K
58XLIINDUSTRIALSCOM0.25%$3M23.2K
59AMGNAMGEN INCCOM0.22%$3M8.0K
60EXMOCEXXON MOBIL CORPCOM0.21%$2M20.8K
61CCICROWN CASTLE INT'LCOM0.17%$2M19.4K
62KRESPDR S&P REGIONALCOM0.17%$2M38.3K
63SHOPSHOPIFY INCCOM0.13%$1M22.5K
64MMM3M COMPANYCOM0.12%$1M13.1K
65ALLIANCE RES PTNRSCOM0.11%$1M52.0K
66IWMISHARES RUSSELL 2000COM0.11%$1M6.2K
67EPDENTERPRISE PRODSCOM0.10%$1M40.2K
68XLYCONSUMER DISCRCOM0.10%$1M6.1K
69PFEPFIZER INCCOM0.09%$1M36.9K
70RCLROYAL CARIBBEANCOM0.09%$1M6.5K
71PANWPALO ALTO NETWORKSCOM0.09%$976,0002.9K
72STWDSTARWOOD PROPCOM0.08%$931,00049.2K
73METAMETA PLATFORMSCOM0.08%$928,0001.8K
74IBBBIOTECHNOLOGYCOM0.08%$921,0006.7K
75TSLATESLA MOTORSCOM0.08%$919,0004.6K
76HP INC.COM0.08%$897,00025.6K
77XLBMATERIALSCOM0.08%$882,00010.0K
78DELL INCCOM0.08%$879,0006.4K
79CLXCLOROX COMPANYCOM0.07%$819,0006.0K
80LENDINGCLUB CORPCOM0.07%$817,00096.5K
81CPTCAMDEN PROPERTYCOM0.07%$808,0007.4K
82AVBAVALONBAYCOM0.07%$793,0003.8K
83AIQGLOBAL X AI & TECHCOM0.07%$777,00021.8K
84RTXRAYTHEONCOM0.07%$742,0007.4K
85VFIAXVANGUARD 500 INDEXCOM0.06%$685,0001.4K
86CICIGNA CORPCOM0.06%$661,0002.0K
87GAPGAP INCCOM0.06%$635,00026.6K
88ASMLASML HOLDINGS NVCOM0.05%$614,000600
89SBUXSTARBUCKS CORPCOM0.05%$594,0007.6K
90AMERICAN BATTERY TECHCOM0.05%$593,000474.2K
91DRAFTKINGSCOM0.05%$573,00015.0K
92VZVERIZON COMMCOM0.05%$566,00013.7K
93HPEHEWLETT-PACKARDCOM0.05%$542,00025.6K
94CRWDCROWDSTRIKE HLDGSCOM0.05%$536,0001.4K
95JOETVIRTUS TERRANOVACOM0.05%$530,00015.4K
96FINANCIALCOM0.04%$490,00011.9K
97SONYSONY CORPCOM0.04%$474,0005.6K
98XLCCOMM SERVICESCOM0.04%$461,0005.4K
99DIASPDR DOW JONES INDCOM0.04%$460,0001.2K
100UNHUNITEDHEALTH GROUPCOM0.04%$451,000885

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 ↗.