SEC 13F Intelligence

Managers / Q3 2024 · view latest →

Grassi Investment Management

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

Reported Value
$1.2B
Q3 2024
Positions
128
Filings on Record
28
2019–present window
Filed
Oct 22, 2024
original filing

Summary

Grassi Investment Management reported $1.2B in U.S.-listed holdings across 128 positions for Q3 2024.

Its largest position, NVDA, represents 17.8% of the portfolio.

Compared with Q2 2024, the fund opened 5 new positions and exited 7.

Portfolio Metrics

Turnover
+2.7%
vs prior filed quarter
Top-10 Concentration
+55.0%
share of reported value
Largest Position
+17.8%
Nvidia
New / Exited
5 / 7
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: 81.1%Other: 9.6%REIT: 5.3%ETP: 2.5%ADR: 1.3%Other: 0.2%
  • Common Stock · 81.1% · $938M
  • Other · 9.6% · $111M
  • REIT · 5.3% · $62M
  • ETP · 2.5% · $29M
  • ADR · 1.3% · $15M
  • Other · 0.2% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TRPTC ENERGY CORPNEW+5.0K5.0K+$238,000$238,000
DEDEERE & CONEW+525525+$219,000$219,000
IOTSAMSARA INCNEW+4.3K4.3K+$207,000$207,000
VWELXVANGUARD WELL FUNDNEW+4.4K4.4K+$205,000$205,000
BEBLOOM ENERGY CORPNEW+10.0K10.0K+$106,000$106,000
BROADCOM LTDADDED+244.9K270.9K+$5M$47M
FREEPORT MCMORANSOLD OUT−83.3K0−$4M$0
SBUXSTARBUCKS CORPSOLD OUT−7.6K0−$594,000$0

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

Holdings — Q3 2024

127 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPhistory →COM17.76%$205M1.69M
2AAPLAPPLE COMPUTERhistory →COM6.86%$79M340.9K
3MSFTMICROSOFT CORPhistory →COM6.07%$70M163.3K
4LLYLILLY, ELI & COhistory →COM6.07%$70M79.3K
5AMATAPPLIED MATERIALShistory →COM4.82%$56M276.3K
6BROADCOM LTDCOM4.04%$47M270.9K
7PLDPROLOGIShistory →COM2.75%$32M251.9K
8VISA INC CL ACOM2.40%$28M101.0K
9CATCATERPILLARhistory →COM2.27%$26M67.2K
10AMDADVANCED MICRO DEVhistory →COM2.00%$23M140.8K
11JPMJP MORGAN CHASEhistory →COM1.94%$22M106.5K
12ABBVABBVIE INC.history →COM1.69%$20M99.2K
13BLACKSTONECOM1.56%$18M118.2K
14PGPROCTER & GAMBLEhistory →COM1.56%$18M104.4K
15BACBANK OF AMERICAhistory →COM1.48%$17M431.1K
16ORCLORACLE CORPhistory →COM1.46%$17M99.3K
17LMTLOCKHEED MARTINhistory →COM1.31%$15M25.8K
18HDHOME DEPOT INChistory →COM1.27%$15M36.2K
19ABTABBOTT LABS COMhistory →COM1.23%$14M124.6K
20RIORIO TINTOhistory →COM1.22%$14M198.8K
21AMZNAMAZON.COMhistory →COM1.17%$14M72.5K
22IBMIBM CORPORATIONhistory →COM1.12%$13M58.8K
23HONHONEYWELL INTLhistory →COM1.09%$13M61.0K
24MSMORGAN STANLEYhistory →COM1.09%$13M120.8K
25UNPUNION PACIFIChistory →COM1.08%$12M50.7K
26MARMARRIOTT INTLhistory →COM1.07%$12M50.0K
27AMTAMERICAN TOWERhistory →COM1.07%$12M53.4K
28STZCONSTELLATIONhistory →COM1.02%$12M45.9K
29MERCK & CO INCCOM1.02%$12M103.5K
30VMCVULCAN MATERIALShistory →COM0.97%$11M45.0K
31WFCWELLS FARGO & COhistory →COM0.94%$11M192.1K
32NOWSERVICENOW, INChistory →COM0.93%$11M12.0K
33GOOGLALPHABET CLASS ACOM0.90%$10M62.4K
34JNJJOHN. & JOHN.COM0.83%$10M59.1K
35SNOWSNOWFLAKE CLASS ACOM0.79%$9M79.3K
36DLRDIGITAL REALTY TRCOM0.78%$9M55.6K
37CRMSALESFORCE.COMCOM0.77%$9M32.4K
38WMTWAL-MART STORESCOM0.72%$8M102.9K
39CVXCHEVRON CORPCOM0.71%$8M56.0K
40SCHWCHARLES SCHWABCOM0.67%$8M119.6K
41UBERUBER TECHNOLOGIESCOM0.63%$7M97.4K
42XLKTECHNOLOGYCOM0.59%$7M30.4K
43BABOEINGCOM0.56%$6M42.3K
44PEPPEPSICO INCCOM0.55%$6M37.2K
45AXPAMERICAN EXPRESSCOM0.53%$6M22.5K
46DISDISNEY, WALT COCOM0.49%$6M59.4K
47BMYBRISTOL-MYERSCOM0.48%$6M108.4K
48CMCSACOMCAST CL ACOM0.48%$6M133.4K
49QQQINVESCO QQQCOM0.48%$6M11.3K
50MOALTRIA GROUP INCCOM0.41%$5M92.8K
51COSTCOSTCO WHOLESALECOM0.37%$4M4.8K
52SPGSIMON PPTY GRP INCCOM0.32%$4M22.1K
53GDGENERAL DYNAMICSCOM0.30%$3M11.3K
54WDAYWORKDAY INCCOM0.29%$3M13.9K
55BSXBOSTON SCIENTIFICCOM0.28%$3M38.6K
56XLIINDUSTRIALSCOM0.27%$3M23.2K
57XLVHEALTH CARECOM0.26%$3M19.3K
58SHOPSHOPIFY INCCOM0.25%$3M36.8K
59EXMOCEXXON MOBIL CORPCOM0.21%$2M20.8K
60CCICROWN CASTLE INT'LCOM0.17%$2M16.4K
61KRESPDR S&P REGIONALCOM0.16%$2M32.1K
62MMM3M COMPANYCOM0.15%$2M13.1K
63AMGNAMGEN INCCOM0.12%$1M4.4K
64IWMISHARES RUSSELL 2000COM0.11%$1M6.0K
65ALLIANCE RES PTNRSCOM0.11%$1M52.0K
66XLYCONSUMER DISCRCOM0.11%$1M6.1K
67TSLATESLA MOTORSCOM0.10%$1M4.6K
68DELL INCCOM0.10%$1M10.0K
69EPDENTERPRISE PRODSCOM0.10%$1M39.2K
70METAMETA PLATFORMSCOM0.09%$1M1.8K
71PFEPFIZER INCCOM0.09%$1M36.2K
72PANWPALO ALTO NETWORKSCOM0.09%$1M3.0K
73DRAFTKINGSCOM0.09%$994,00025.4K
74CLXCLOROX COMPANYCOM0.08%$977,0006.0K
75RCLROYAL CARIBBEANCOM0.08%$967,0005.5K
76XLBMATERIALSCOM0.08%$954,0009.9K
77HP INC.COM0.08%$918,00025.6K
78IBBBIOTECHNOLOGYCOM0.08%$911,0006.3K
79RTXRAYTHEONCOM0.08%$895,0007.4K
80LENDINGCLUB CORPCOM0.08%$868,00076.0K
81CPTCAMDEN PROPERTYCOM0.07%$853,0006.9K
82AVBAVALONBAYCOM0.07%$819,0003.6K
83AIQGLOBAL X AI & TECHCOM0.07%$812,00021.8K
84STWDSTARWOOD PROPCOM0.07%$758,00037.2K
85CICIGNA CORPCOM0.06%$693,0002.0K
86VZVERIZON COMMCOM0.05%$626,00013.9K
87VFIAXVANGUARD 500 INDEXCOM0.05%$618,0001.2K
88GAPGAP INCCOM0.05%$587,00026.6K
89JOETVIRTUS TERRANOVACOM0.05%$554,00015.1K
90FINANCIALCOM0.05%$531,00011.7K
91HPEHEWLETT-PACKARDCOM0.05%$524,00025.6K
92AMERICAN BATTERY TECHCOM0.04%$507,000474.2K
93DIASPDR DOW JONES INDCOM0.04%$498,0001.2K
94AONAON PLCCOM0.04%$484,0001.4K
95SONYSONY CORPCOM0.04%$480,0005.0K
96XLCCOMM SERVICESCOM0.04%$475,0005.3K
97UNHUNITEDHEALTH GROUPCOM0.04%$459,000785
98OKEONEOK INCCOM0.04%$456,0005.0K
99DVYSELECT DIVIDENDCOM0.04%$447,0003.3K
100IGMEXPANDED TECHCOM0.04%$408,0004.3K

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 ↗.