Grassi Investment Management

13F filer · CIK 0001608531

Last filed Jul 21, 2025

Inactive · not filing 13F

13F portfolio value$1.26BU.S. long equity reported on 13F

Positions1034 new · 1 closed

Net flow last quarter-$16.1MBuys minus sells

Top 10 positions weight56.7%Concentration

Holdings

13F · last 4 quarters free

Scroll for earlier quarters

Company	Value	% of portfolio	% of company	POSITION CHANGE qoq %	First reported
Q2 2025Reported Jul 21, 2025103 positions
NVDANvidia Corp	$261M	20.78%	0.01%	-0.4%	Q4 2016
MSFTMicrosoft Corp	$79.4M	6.32%	0.00%	-1.1%	Q2 2014
AVGOBroadcom Inc.	$73.2M	5.82%	0.01%	-3.0%	Q1 2019
AAPLApple Inc.	$67.7M	5.39%	0.00%	-0.4%	Q2 2014
LLYELI LILLY & Co	$62.3M	4.96%	0.01%	+0.3%	Q2 2014
AMATApplied Materials Inc	$50.1M	3.99%	0.03%	-0.4%	Q2 2014
VVisa Inc.	$35.1M	2.80%	0.01%	-0.3%	Q2 2014
JPMJPMorgan Chase & Co	$30.3M	2.41%	0.00%	-0.6%	Q2 2014
PLDPrologis, Inc.	$26.9M	2.14%	0.03%	Not reported	Q2 2014
CATCaterpillar Inc	$26M	2.07%	0.01%	Not reported	Q2 2014
ORCLOracle Corp	$20.9M	1.66%	0.00%	-2.6%	Q2 2014
AMDAdvanced Micro Devices Inc	$20.3M	1.61%	0.01%	-0.8%	Q1 2019
BACBank of America Corp	$20M	1.59%	0.01%	-0.4%	Q2 2014
ABBVAbbVie Inc.	$17.8M	1.42%	0.01%	-1.3%	Q2 2014
BXBlackstone Inc.	$17M	1.35%	0.02%	-0.6%	Q2 2014
IBMInternational Business Machines Corp	$16.9M	1.35%	0.01%	-1.3%	Q2 2014
MSMorgan Stanley	$16.9M	1.35%	0.01%	-0.6%	Q2 2014
PGPROCTER & GAMBLE Co	$16.6M	1.32%	0.00%	Not reported	Q2 2014
ABTAbbott Laboratories	$16.5M	1.31%	0.01%	-0.8%	Q2 2014
AMZNAmazon Com Inc	$15.5M	1.23%	0.00%	-0.5%	Q4 2016
WFCWells Fargo & Company	$14.9M	1.18%	0.01%	0.0%	Q2 2014
MARMarriott International Inc	$13.7M	1.09%	0.02%	Not reported	Q2 2014
HONHoneywell International Inc	$13.4M	1.07%	0.02%	-1.0%	Q2 2014
HDHome Depot, Inc.	$13.3M	1.06%	0.00%	+0.2%	Q2 2014
LMTLockheed Martin Corp	$11.9M	0.95%	0.01%	-0.4%	Q2 2014
VMCVulcan Materials CO	$11.7M	0.93%	0.03%	-0.4%	Q3 2019
UNPUnion Pacific Corp	$11.5M	0.91%	0.01%	Not reported	Q2 2014
RIORio Tinto PLC	$11.3M	0.90%	0.02%	-1.0%	Q4 2016
AMTAmerican Tower Corp	$11M	0.88%	0.01%	-1.1%	Q4 2016
NOWServiceNow, Inc.	$10.9M	0.86%	0.01%	-1.1%	Q4 2018
SCHWSchwab Charles Corp	$10.7M	0.85%	0.01%	-1.3%	Q2 2014
UBERUber Technologies, Inc	$10.3M	0.82%	0.01%	-2.6%	Q1 2020
WMTWalmart Inc.	$9.95M	0.79%	0.00%	Not reported	Q2 2014
SNOWSnowflake Inc.	$9.72M	0.77%	0.01%	-46.5%	Q3 2023
BABoeing Co	$9.43M	0.75%	0.01%	+10.6%	Q2 2014
DLRDigital Realty Trust, Inc.	$9.37M	0.75%	0.02%	-1.0%	Q4 2018
CRMSalesforce, Inc.	$9.17M	0.73%	0.00%	+0.3%	Q2 2014
JNJJohnson & Johnson	$8.88M	0.71%	0.00%	-0.3%	Q2 2014
CVXChevron Corp	$8.02M	0.64%	0.00%	Not reported	Q2 2014
DISWalt Disney Co	$7.2M	0.57%	0.00%	-0.4%	Q4 2016
AXPAmerican Express Co	$7.04M	0.56%	0.00%	Not reported	Q2 2014
VRTVertiv Holdings Co	$6.61M	0.53%	0.01%	+7.4%	Q4 2024
STZConstellation Brands, Inc.	$6.44M	0.51%	Not reported	-3.4%	Q4 2016
QQQInvesco QQQ Trust, Series 1	$6.26M	0.50%	Not reported	+0.7%	Q1 2019
GOOGLAlphabet Inc.	$5.91M	0.47%	0.00%	-39.0%	Q4 2016
COSTCostco Wholesale Corp	$5.35M	0.43%	0.00%	Not reported	Q2 2017
DELLDell Technologies Inc.	$5.34M	0.42%	0.01%	+7.5%	Q2 2024
SHOPShopify Inc.	$5.3M	0.42%	0.01%	-1.0%	Q1 2020
MOAltria Group, Inc.	$5.24M	0.42%	0.01%	-3.8%	Q2 2014
BMYBristol Myers Squibb Co	$4.98M	0.40%	0.01%	-0.7%	Q2 2014

Q1 2025Reported Apr 10, 2025100 positions
NVDANvidia Corp	$180M	16.65%	0.01%	-0.1%	Q4 2016
AAPLApple Inc.	$73.6M	6.81%	0.00%	-0.6%	Q2 2014
LLYELI LILLY & Co	$65.8M	6.09%	0.01%	+0.3%	Q2 2014
MSFTMicrosoft Corp	$60.6M	5.61%	0.00%	-0.1%	Q2 2014
AVGOBroadcom Inc.	$45.8M	4.24%	0.01%	+0.5%	Q1 2019
AMATApplied Materials Inc	$39.9M	3.69%	0.03%	-0.1%	Q2 2014
VVisa Inc.	$34.8M	3.22%	0.01%	-0.1%	Q2 2014
PLDPrologis, Inc.	$28.6M	2.65%	0.03%	+0.7%	Q2 2014
JPMJPMorgan Chase & Co	$25.7M	2.38%	0.00%	-0.6%	Q2 2014
CATCaterpillar Inc	$22.1M	2.04%	0.01%	-0.1%	Q2 2014
ABBVAbbVie Inc.	$20.4M	1.88%	0.01%	-0.7%	Q2 2014
PGPROCTER & GAMBLE Co	$17.8M	1.65%	0.00%	Not reported	Q2 2014
BACBank of America Corp	$17.7M	1.64%	0.01%	-0.5%	Q2 2014
ABTAbbott Laboratories	$16.2M	1.50%	0.01%	-0.5%	Q2 2014
BXBlackstone Inc.	$16M	1.48%	0.02%	-0.2%	Q2 2014
AMDAdvanced Micro Devices Inc	$14.8M	1.37%	0.01%	+2.0%	Q1 2019
IBMInternational Business Machines Corp	$14.5M	1.34%	0.01%	-0.7%	Q2 2014
MSMorgan Stanley	$14.1M	1.30%	0.01%	Not reported	Q2 2014
ORCLOracle Corp	$13.7M	1.27%	0.00%	-0.2%	Q2 2014
AMZNAmazon Com Inc	$13.5M	1.25%	0.00%	+1.5%	Q4 2016
WFCWells Fargo & Company	$13.3M	1.23%	0.01%	-0.7%	Q2 2014
HDHome Depot, Inc.	$13.3M	1.23%	0.00%	+1.3%	Q2 2014
HONHoneywell International Inc	$12.3M	1.14%	0.01%	-3.3%	Q2 2014
MARMarriott International Inc	$11.9M	1.10%	0.02%	Not reported	Q2 2014
SNOWSnowflake Inc.	$11.9M	1.10%	0.02%	+3.3%	Q3 2023
UNPUnion Pacific Corp	$11.8M	1.09%	0.01%	Not reported	Q2 2014
RIORio Tinto PLC	$11.7M	1.08%	0.02%	-1.1%	Q4 2016
LMTLockheed Martin Corp	$11.5M	1.07%	0.01%	Not reported	Q2 2014
AMTAmerican Tower Corp	$11M	1.02%	0.01%	-0.7%	Q4 2016
VMCVulcan Materials CO	$10.5M	0.97%	0.03%	Not reported	Q3 2019
JNJJohnson & Johnson	$9.67M	0.89%	0.00%	-0.5%	Q2 2014
CVXChevron Corp	$9.37M	0.87%	0.00%	Not reported	Q2 2014
SCHWSchwab Charles Corp	$9.28M	0.86%	0.01%	-0.2%	Q2 2014
CRMSalesforce, Inc.	$8.99M	0.83%	0.00%	+4.2%	Q2 2014
WMTWalmart Inc.	$8.93M	0.83%	0.00%	Not reported	Q2 2014
GOOGLAlphabet Inc.	$8.51M	0.79%	0.00%	+4.8%	Q4 2016
NOWServiceNow, Inc.	$8.5M	0.79%	0.01%	Not reported	Q4 2018
UBERUber Technologies, Inc	$8.27M	0.77%	0.01%	+15.9%	Q1 2020
DLRDigital Realty Trust, Inc.	$7.78M	0.72%	0.02%	Not reported	Q4 2018
STZConstellation Brands, Inc.	$7.52M	0.70%	Not reported	-10.6%	Q4 2016
BABoeing Co	$6.94M	0.64%	0.01%	-0.3%	Q2 2014
BMYBristol Myers Squibb Co	$6.61M	0.61%	0.01%	Not reported	Q2 2014
AXPAmerican Express Co	$5.94M	0.55%	0.00%	-1.8%	Q2 2014
DISWalt Disney Co	$5.76M	0.53%	0.00%	-1.6%	Q4 2016
PEPPepsico Inc	$5.58M	0.52%	0.00%	Not reported	Q2 2014
MOAltria Group, Inc.	$5.57M	0.52%	0.01%	Not reported	Q2 2014
QQQInvesco QQQ Trust, Series 1	$5.28M	0.49%	Not reported	+0.2%	Q1 2019
COSTCostco Wholesale Corp	$5.12M	0.47%	0.00%	+4.9%	Q2 2017
CMCSAComcast Corp	$4.92M	0.46%	0.00%	Not reported	Q2 2014
SHOPShopify Inc.	$4.43M	0.41%	0.01%	+32.8%	Q1 2020

Q4 2024Reported Jan 21, 2025106 positions
NVDANvidia Corp	$223M	19.06%	0.01%	-1.7%	Q4 2016
AAPLApple Inc.	$83.5M	7.13%	0.00%	-2.2%	Q2 2014
MSFTMicrosoft Corp	$68.1M	5.81%	0.00%	-1.0%	Q2 2014
AVGOBroadcom Inc.	$63.1M	5.39%	0.01%	+0.5%	Q1 2019
LLYELI LILLY & Co	$61.4M	5.24%	0.01%	+0.3%	Q2 2014
AMATApplied Materials Inc	$44.7M	3.82%	0.03%	-0.4%	Q2 2014
VVisa Inc.	$31.4M	2.68%	0.01%	-1.7%	Q2 2014
PLDPrologis, Inc.	$26.9M	2.29%	0.03%	+1.0%	Q2 2014
JPMJPMorgan Chase & Co	$25.3M	2.16%	0.00%	-0.8%	Q2 2014
CATCaterpillar Inc	$24.3M	2.07%	0.01%	-0.3%	Q2 2014
BXBlackstone Inc.	$19.8M	1.69%	0.02%	-3.0%	Q2 2014
BACBank of America Corp	$18.8M	1.60%	0.01%	-1.0%	Q2 2014
PGPROCTER & GAMBLE Co	$17.5M	1.49%	0.00%	Not reported	Q2 2014
ABBVAbbVie Inc.	$17.4M	1.48%	0.01%	-1.3%	Q2 2014
AMDAdvanced Micro Devices Inc	$17M	1.45%	0.01%	+0.3%	Q1 2019
ORCLOracle Corp	$16.4M	1.40%	0.00%	-1.0%	Q2 2014
AMZNAmazon Com Inc	$15.3M	1.31%	0.00%	-3.7%	Q4 2016
MSMorgan Stanley	$15.2M	1.30%	0.01%	Not reported	Q2 2014
MARMarriott International Inc	$13.9M	1.19%	0.02%	Not reported	Q2 2014
HDHome Depot, Inc.	$13.9M	1.19%	0.00%	-1.2%	Q2 2014
ABTAbbott Laboratories	$13.9M	1.19%	0.01%	-1.2%	Q2 2014
HONHoneywell International Inc	$13.6M	1.16%	0.01%	-1.2%	Q2 2014
WFCWells Fargo & Company	$13.1M	1.12%	0.01%	-2.9%	Q2 2014
IBMInternational Business Machines Corp	$12.9M	1.10%	0.01%	-0.3%	Q2 2014
LMTLockheed Martin Corp	$12.6M	1.07%	0.01%	Not reported	Q2 2014
SNOWSnowflake Inc.	$12.1M	1.04%	0.02%	-0.8%	Q3 2023
RIORio Tinto PLC	$11.6M	0.99%	0.02%	-0.9%	Q4 2016
VMCVulcan Materials CO	$11.6M	0.99%	0.03%	Not reported	Q3 2019
UNPUnion Pacific Corp	$11.4M	0.97%	0.01%	-1.4%	Q2 2014
NOWServiceNow, Inc.	$11.3M	0.97%	0.00%	-11.2%	Q4 2018
CRMSalesforce, Inc.	$10.8M	0.92%	0.00%	-0.8%	Q2 2014
STZConstellation Brands, Inc.	$10.1M	0.86%	Not reported	Not reported	Q4 2016
GOOGLAlphabet Inc.	$9.94M	0.85%	0.00%	-5.5%	Q4 2016
DLRDigital Realty Trust, Inc.	$9.63M	0.82%	16.13%	-2.4%	Q4 2018
AMTAmerican Tower Corp	$9.33M	0.80%	0.01%	-4.7%	Q4 2016
WMTWalmart Inc.	$9.19M	0.78%	0.00%	-1.2%	Q2 2014
SCHWSchwab Charles Corp	$8.79M	0.75%	0.01%	-0.8%	Q2 2014
JNJJohnson & Johnson	$8.48M	0.72%	0.00%	-0.9%	Q2 2014
CVXChevron Corp	$8.11M	0.69%	0.00%	Not reported	Q2 2014
BABoeing Co	$7.22M	0.62%	0.00%	-3.6%	Q2 2014
AXPAmerican Express Co	$6.67M	0.57%	0.00%	Not reported	Q2 2014
DISWalt Disney Co	$6.61M	0.56%	0.00%	-0.2%	Q4 2016
BMYBristol Myers Squibb Co	$6.13M	0.52%	0.01%	Not reported	Q2 2014
UBERUber Technologies, Inc	$5.91M	0.50%	0.00%	+0.5%	Q1 2020
QQQInvesco QQQ Trust, Series 1	$5.75M	0.49%	Not reported	-0.7%	Q1 2019
PEPPepsico Inc	$5.66M	0.48%	0.00%	Not reported	Q2 2014
CMCSAComcast Corp	$5.01M	0.43%	0.00%	Not reported	Q2 2014
MOAltria Group, Inc.	$4.85M	0.41%	0.01%	Not reported	Q2 2014
COSTCostco Wholesale Corp	$4.72M	0.40%	0.00%	+6.5%	Q2 2017
SPGSimon Property Group Inc.	$3.79M	0.32%	274.85%	-0.7%	Q2 2014

Q3 2024Reported Oct 22, 2024104 positions
NVDANvidia Corp	$205M	17.76%	0.01%	+1.3%	Q4 2016
AAPLApple Inc.	$79.4M	6.86%	0.00%	-0.2%	Q2 2014
MSFTMicrosoft Corp	$70.3M	6.07%	0.00%	+0.1%	Q2 2014
LLYELI LILLY & Co	$70.2M	6.07%	0.01%	-0.2%	Q2 2014
AMATApplied Materials Inc	$55.8M	4.82%	0.03%	-0.4%	Q2 2014
AVGOBroadcom Inc.	$46.7M	4.04%	0.01%	+3.9%	Q1 2019
PLDPrologis, Inc.	$31.8M	2.75%	0.03%	-0.5%	Q2 2014
VVisa Inc.	$27.8M	2.40%	0.01%	-0.1%	Q2 2014
CATCaterpillar Inc	$26.3M	2.27%	0.01%	-2.0%	Q2 2014
AMDAdvanced Micro Devices Inc	$23.1M	2.00%	0.01%	+2.0%	Q1 2019
JPMJPMorgan Chase & Co	$22.4M	1.94%	0.00%	-0.8%	Q2 2014
ABBVAbbVie Inc.	$19.6M	1.69%	0.01%	-2.3%	Q2 2014
BXBlackstone Inc.	$18.1M	1.56%	0.02%	-1.3%	Q2 2014
PGPROCTER & GAMBLE Co	$18.1M	1.56%	0.00%	Not reported	Q2 2014
BACBank of America Corp	$17.1M	1.48%	0.01%	-1.9%	Q2 2014
ORCLOracle Corp	$16.9M	1.46%	0.00%	Not reported	Q2 2014
LMTLockheed Martin Corp	$15.1M	1.31%	0.01%	-0.1%	Q2 2014
HDHome Depot, Inc.	$14.7M	1.27%	0.00%	-1.6%	Q2 2014
ABTAbbott Laboratories	$14.2M	1.23%	0.01%	-0.6%	Q2 2014
RIORio Tinto PLC	$14.1M	1.22%	0.02%	-1.6%	Q4 2016
AMZNAmazon Com Inc	$13.5M	1.17%	0.00%	+3.0%	Q4 2016
IBMInternational Business Machines Corp	$13M	1.12%	0.01%	-2.2%	Q2 2014
HONHoneywell International Inc	$12.6M	1.09%	0.01%	-1.2%	Q2 2014
MSMorgan Stanley	$12.6M	1.09%	0.01%	Not reported	Q2 2014
UNPUnion Pacific Corp	$12.5M	1.08%	0.01%	-1.2%	Q2 2014
MARMarriott International Inc	$12.4M	1.07%	0.02%	Not reported	Q2 2014
AMTAmerican Tower Corp	$12.4M	1.07%	0.01%	-1.6%	Q4 2016
STZConstellation Brands, Inc.	$11.8M	1.02%	Not reported	-2.6%	Q4 2016
VMCVulcan Materials CO	$11.3M	0.97%	0.03%	Not reported	Q3 2019
WFCWells Fargo & Company	$10.9M	0.94%	0.01%	-0.5%	Q2 2014
NOWServiceNow, Inc.	$10.8M	0.93%	0.01%	-1.5%	Q4 2018
JNJJohnson & Johnson	$9.58M	0.83%	0.00%	-0.4%	Q2 2014
GOOGLAlphabet Inc.	$9.21M	0.80%	0.00%	+2.9%	Q4 2016
SNOWSnowflake Inc.	$9.11M	0.79%	0.02%	+27.5%	Q3 2023
DLRDigital Realty Trust, Inc.	$9M	0.78%	0.02%	-0.7%	Q4 2018
CRMSalesforce, Inc.	$8.87M	0.77%	0.00%	-2.3%	Q2 2014
WMTWalmart Inc.	$8.31M	0.72%	0.00%	Not reported	Q2 2014
CVXChevron Corp	$8.25M	0.71%	0.00%	-0.7%	Q2 2014
SCHWSchwab Charles Corp	$7.75M	0.67%	0.01%	-1.4%	Q2 2014
UBERUber Technologies, Inc	$7.32M	0.63%	0.00%	+3.4%	Q1 2020
BABoeing Co	$6.43M	0.56%	0.01%	-1.9%	Q2 2014
PEPPepsico Inc	$6.33M	0.55%	0.00%	-1.6%	Q2 2014
AXPAmerican Express Co	$6.09M	0.53%	0.00%	Not reported	Q2 2014
DISWalt Disney Co	$5.72M	0.49%	0.00%	-9.0%	Q4 2016
BMYBristol Myers Squibb Co	$5.61M	0.48%	0.01%	-0.4%	Q2 2014
CMCSAComcast Corp	$5.57M	0.48%	0.00%	Not reported	Q2 2014
QQQInvesco QQQ Trust, Series 1	$5.52M	0.48%	Not reported	-0.1%	Q1 2019
MOAltria Group, Inc.	$4.74M	0.41%	0.01%	-2.5%	Q2 2014
COSTCostco Wholesale Corp	$4.29M	0.37%	0.00%	Not reported	Q2 2017
SPGSimon Property Group Inc.	$3.74M	0.32%	276.68%	-0.2%	Q2 2014

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