Grassi Investment Management

CIK

1608531

Location

SANTA CLARA, CA

Portfolio Value

Mid $1,149,502,592

Diversification

Diversified

Filing Date

Global Rank

#1,976 / 8,137 ▲ 49 · as of Jun 2025

Top Industry

Semiconductors 25.3%

Period ended 1 year ago

Filed Jul 21, 2025 · 1y

22 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2025, never from the firm's own description.

Style

Diversified active

Top 10 weight 57.4%, 13.9 effective positions, active share 57.9% against the S&P 500 as of 2025-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Low turnover

2.4% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 21.2 quarters (12+), a floor since 92.1% of the book was already held when coverage starts

Closest benchmark: the S&P 500 as of 2025-06-30, active share 57.9%; sector active share 27.5% against the combined 13F book's sector weights.

Over time 22 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

116 tracked positions · as of Jun 30, 2025 · Δ vs Mar 31, 2025

Top Position

22.7%

+4.8 pts

Top 5

45.3%

+3.5 pts

Top 10

57.4%

+2.5 pts

HHI

720

Diversified+167

Portfolio Trend

22 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2025

Sector	% Portfolio	Value	Positions
Technology	49.7%	$571,226,159	20
Financial Services	11.9%	$136,958,476	14
Healthcare	10.2%	$117,647,025	13
Industrials	7.4%	$85,032,482	9
Real Estate	4.8%	$55,235,775	9
Consumer Defensive	4.3%	$49,496,310	8
Consumer Cyclical	4.0%	$46,297,334	8
Unclassified	2.4%	$27,709,807	19
Basic Materials	2.0%	$23,131,947	3
Communication Services	1.8%	$20,826,238	6
Energy	1.1%	$13,185,061	6
Utilities	0.2%	$2,755,978	1

Last Quarter's Activity

Export CSV

Jun 30, 2025 vs Mar 31, 2025

Added To

Positions the filer increased

19 positions

Ticker	Company	Δ Shares	Shares	Value
STWD	Starwood Property Trust, Inc.	+60,000	95,700	$1,920,699
BA	Boeing Co	+4,300	45,007	$9,430,316
VRT	Vertiv Holdings Co	+3,535	51,435	$6,604,768
MRVL	Marvell Technology, Inc.	+2,050	29,375	$2,273,625
VST	Vistra Corp.	+1,745	14,220	$2,755,978
AIQ	Global X Artificial Intelligence & Technology ETF	+725	23,683	$1,034,710
LLY	ELI LILLY & Co	+200	79,927	$62,305,494
XLC	State Street(R) Communication Services Select Sector SPDR(R) ETF	+195	5,551	$602,450
UNH	Unitedhealth Group Inc	+167	1,517	$473,258
PEP	Pepsico Inc	+150	37,350	$4,931,694
HACK		+125	6,085	$525,561
CRM	Salesforce, Inc.	+100	33,614	$9,166,201
QQQ	Invesco Qqq Trust, Series 1	+82	11,346	$6,258,907
HD	Home Depot, Inc.	+75	36,330	$13,320,031
CRWD	CrowdStrike Holdings, Inc.	+28	1,078	$549,036
RCL	Royal Caribbean Cruises Ltd	+25	4,575	$1,432,615
VZ	Verizon Communications Inc	+6	12,747	$551,562
WFC	Wells Fargo & Company	+3	185,369	$14,851,764
DIA	Spdr Dow Jones Industrial Average ETF Trust	+1	1,180	$519,967
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
SNOW	Snowflake Inc.	−37,800	43,450	$9,722,806
GOOGL	Alphabet Inc.	−21,475	33,549	$5,912,340
NVDA	Nvidia Corp	−7,300	1,653,100	$261,173,269
MO	Altria Group, Inc.	−3,500	89,286	$5,234,838
JOET	Virtus Terranova U.S. Quality Momentum ETF	−3,145	11,855	$484,869
HAPN	Happen, Inc.	−3,000	23,400	$281,502
UBER	Uber Technologies, Inc	−2,975	110,550	$10,314,315
XLF	State Street Corp	−2,844	8,550	$447,763
ORCL	Oracle Corp	−2,527	95,645	$20,910,866
EPD	Enterprise Products Partners L.P.	−2,500	34,900	$1,082,249
BEN	Franklin Templeton Inc	−2,000	14,835	$353,814
RIO	Rio Tinto PLC	−1,935	192,969	$11,255,881
MSFT	Microsoft Corp	−1,849	159,643	$79,408,024
BAC	Bank Of America Corp	−1,750	423,000	$20,016,360
SCHW	Schwab Charles Corp	−1,500	117,018	$10,676,722
XLV	State Street(R) Health Care Select Sector SPDR(R) ETF	−1,470	17,713	$2,387,535
STZ	Constellation Brands, Inc.	−1,400	39,589	$6,440,338
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	−1,398	28,703	$7,268,460
SPG	Simon Property Group Inc.	−1,245	20,798	$3,343,486
ABBV	AbbVie Inc.	−1,225	96,025	$17,824,160
AAPL	Apple Inc.	−1,199	330,171	$67,741,184
AMD	Advanced Micro Devices Inc	−1,085	142,895	$20,276,800
AMAT	Applied Materials Inc	−1,050	273,851	$50,133,902
SONY	Sony Group Corp	−1,000	13,875	$361,166
ABT	Abbott Laboratories	−973	121,433	$16,516,102
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
BKNG	Booking Holdings Inc.	50	$289,462
IWD	iShares Russell 1000 Value ETF	1,204	$233,852
COIN	Coinbase Global, Inc.	650	$227,818
VOO	VANGUARD 500 INDEX FUND	387	$219,827
ESI	Element Solutions Inc	9,000	$203,850
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
TRP	Tc Energy Corp	5,000	$236,050
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

116 tracked positions · $1,149,502,592 total · filing declares 128 positions · $1,257,077 · as of Jun 30, 2025

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 116 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
NVDA	Nvidia Corp Technology	Reduced	1,653,100	-7,300	$261,173,269	+45.1%	22+	before history	22.72%
MSFT	Microsoft Corp Technology	Reduced	159,643	-1,849	$79,408,024	+31.0%	22+	before history	6.91%
AAPL	Apple Inc. Technology	Reduced	330,171	-1,199	$67,741,184	−8.0%	22+	before history	5.89%
LLY	ELI LILLY & Co Healthcare	Added	79,927	+200	$62,305,494	−5.4%	22+	before history	5.42%
AMAT	Applied Materials Inc Technology	Reduced	273,851	-1,050	$50,133,902	+25.7%	22+	before history	4.36%
V	Visa Inc. Financial Services	Reduced	98,967	-249	$35,138,233	+1.1%	22+	before history	3.06%
JPM	Jpmorgan Chase & Co Financial Services	Reduced	104,353	-597	$30,252,978	+17.5%	22+	before history	2.63%
PLD	Prologis, Inc. Real Estate	Held	256,075	0	$26,918,604	−6.0%	22+	before history	2.34%
CAT	Caterpillar Inc Industrials	Held	66,904	0	$25,972,801	+17.7%	22+	before history	2.26%
ORCL	Oracle Corp Technology	Reduced	95,645	-2,527	$20,910,866	+52.4%	22+	before history	1.82%
AMD	Advanced Micro Devices Inc Technology	Reduced	142,895	-1,085	$20,276,800	+37.1%	22+	before history	1.76%
BAC	Bank Of America Corp Financial Services	Reduced	423,000	-1,750	$20,016,360	+12.9%	22+	before history	1.74%
ABBV	AbbVie Inc. Healthcare	Reduced	96,025	-1,225	$17,824,160	−12.5%	22+	before history	1.55%
IBM	International Business Machines Corp Technology	Reduced	57,468	-782	$16,940,417	+17.0%	22+	before history	1.47%
MS	Morgan Stanley Financial Services	Reduced	120,050	-700	$16,910,243	+20.0%	22+	before history	1.47%
PG	PROCTER & GAMBLE Co Consumer Defensive	Held	104,400	0	$16,633,008	−6.5%	22+	before history	1.45%
ABT	Abbott Laboratories Healthcare	Reduced	121,433	-973	$16,516,102	+1.7%	22+	before history	1.44%
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	70,560	-343	$15,480,158	+14.8%	22+	before history	1.35%
WFC	Wells Fargo & Company Financial Services	Added	185,369	+3	$14,851,764	+11.6%	22+	before history	1.29%
MAR	Marriott International Inc Consumer Cyclical	Held	50,000	0	$13,660,500	+14.7%	22+	before history	1.19%
HON	Honeywell International Inc Industrials	Reduced	57,648	-599	$13,425,065	+8.8%	22+	before history	1.17%
HD	Home Depot, Inc. Consumer Cyclical	Added	36,330	+75	$13,320,031	+0.2%	22+	before history	1.16%
LMT	Lockheed Martin Corp Industrials	Reduced	25,737	-100	$11,919,834	+3.3%	22+	before history	1.04%
VMC	Vulcan Materials CO Basic Materials	Reduced	44,752	-200	$11,672,216	+11.3%	22+	before history	1.02%
UNP	Union Pacific Corp Industrials	Held	49,983	0	$11,500,088	−2.6%	22+	before history	1.00%
RIO	Rio Tinto PLC Basic Materials	Reduced	192,969	-1,935	$11,255,881	−3.9%	22+	before history	0.98%
AMT	American Tower Corp Real Estate	Reduced	49,967	-550	$11,043,706	+0.5%	22+	before history	0.96%
NOW	ServiceNow, Inc. Technology	Reduced	10,555	-115	$10,851,384	+27.7%	22+	before history	0.94%
SCHW	Schwab Charles Corp Financial Services	Reduced	117,018	-1,500	$10,676,722	+15.1%	11	$63.10	0.93%
UBER	Uber Technologies, Inc Technology	Reduced	110,550	-2,975	$10,314,315	+24.7%	22+	before history	0.90%
WMT	Walmart Inc. Consumer Defensive	Held	101,722	0	$9,946,377	+11.4%	22+	before history	0.87%
SNOW	Snowflake Inc. Technology	Reduced	43,450	-37,800	$9,722,806	−18.1%	8	$155.84	0.85%
BA	Boeing Co Industrials	Added	45,007	+4,300	$9,430,316	+35.8%	22+	before history	0.82%
DLR	Digital Realty Trust, Inc. Real Estate	Reduced	53,740	-550	$9,368,494	+20.4%	22+	before history	0.82%
CRM	Salesforce, Inc. Technology	Added	33,614	+100	$9,166,201	+1.9%	22+	before history	0.80%
JNJ	Johnson & Johnson Healthcare	Reduced	58,125	-200	$8,878,593	−8.2%	22+	before history	0.77%
CVX	Chevron Corp Energy	Held	55,996	0	$8,018,067	−14.4%	22+	before history	0.70%
XLK	State Street(R) Technology Select Sector SPDR(R) ETF	Reduced	28,703	-1,398	$7,268,460	+16.9%	21	unpriced	0.63%
DIS	Walt Disney Co Communication Services	Reduced	58,090	-250	$7,203,740	+25.1%	22+	before history	0.63%
AXP	American Express Co Financial Services	Held	22,060	0	$7,036,698	+18.6%	22+	before history	0.61%
VRT	Vertiv Holdings Co Industrials	Added	51,435	+3,535	$6,604,768	+91.0%	3	$108.71	0.57%
STZ	Constellation Brands, Inc. Consumer Defensive	Reduced	39,589	-1,400	$6,440,338	−14.4%	22+	before history	0.56%
QQQ	Invesco Qqq Trust, Series 1	Added	11,346	+82	$6,258,907	+18.5%	21	$236.35	0.54%
GOOGL	Alphabet Inc. Communication Services	Reduced	33,549	-21,475	$5,912,340	−30.5%	22+	before history	0.51%
COST	Costco Wholesale Corp Consumer Defensive	Held	5,408	0	$5,353,595	+4.7%	22+	before history	0.47%
SHOP	Shopify Inc. Technology	Reduced	45,955	-450	$5,300,909	+19.6%	9	$76.85	0.46%
MO	Altria Group, Inc. Consumer Defensive	Reduced	89,286	-3,500	$5,234,838	−6.0%	22+	before history	0.46%
BMY	Bristol Myers Squibb Co Healthcare	Reduced	107,610	-750	$4,981,266	−24.6%	22+	before history	0.43%
PEP	Pepsico Inc Consumer Defensive	Added	37,350	+150	$4,931,694	−11.6%	22+	before history	0.43%
CMCSA	Comcast Corp Communication Services	Held	133,400	0	$4,761,042	−3.3%	22+	before history	0.41%

Showing the top 50 of 116 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.