Grassi Investment Management

CIK 1608531 · View on SEC EDGAR ↗

Portfolio value
$1.3M
#9,143 of 9,443 by 13F value · top 96.8%
Positions
128
As of
June 30, 2025 Data as of Q2 2025

Portfolio value QoQ: +16.3% 13F does not disclose cash

Top 10 holdings weight
56.66%
Top 25 holdings weight
76.21%
Positions above 1%
24
Effective number of positions
15.7

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2025: 0.55% Est. buys $6,415 · sells $23,167

New positions
7
Increased
23
Decreased
61
Closed
1
On this page

Sector breakdown

Technology
45.0%
Healthcare
10.0%
Industrials
8.5%
Financials
5.2%
Real Estate
4.4%
Retail
3.6%
Financial Services
2.8%
Communication Services
1.6%
Consumer products
1.4%
Consumer Discretionary
1.3%
Consumer Staples
1.3%
Energy
1.0%
Materials
0.9%
Utilities
0.2%
Telecommunication
0.0%
Other/Unmapped
12.6%

Full portfolio 128 positions

Type Streak 8Q trend
NVDA NVIDIA Corporation - Common Stock $261,173 20.78% 1,653,100 $81,219 Down ×2
MSFT Microsoft Corporation - Common Stock $79,408 6.32% 159,643 $18,786 Down ×2
AVGOXXXX $73,221 5.82% 265,630 $27,386 Down ×1
AAPL Apple Inc. - Common Stock $67,741 5.39% 330,171 $-5,866 Down ×2
LLY Eli Lilly and Company Common Stock $62,305 4.96% 79,927 $-3,542 Up ×2
AMAT Applied Materials, Inc. - Common Stock $50,134 3.99% 273,851 $10,240 Down ×2
Unknown issuer (CUSIP: 92826c839) $35,138 2.80% 98,967 $367 Down ×2
JPM JP Morgan Chase & Co. Common Stock $30,253 2.41% 104,353 $4,509 Down ×2
PLD Prologis, Inc. Common Stock $26,919 2.14% 256,075 $-1,708
CAT Caterpillar, Inc. Common Stock $25,973 2.07% 66,904 $3,908
ORCL Oracle Corporation Common Stock $20,911 1.66% 95,645 $7,186 Down ×2
AMD Advanced Micro Devices, Inc. - Common Stock $20,277 1.61% 142,895 $5,484 Down ×1
BAC Bank of America Corporation Common Stock $20,016 1.59% 423,000 $2,291 Down ×2
ABBV AbbVie Inc. Common Stock $17,824 1.42% 96,025 $-2,552 Down ×2
Unknown issuer (CUSIP: 09253u108) $17,015 1.35% 113,750 $1,017 Down ×2
IBM International Business Machines Corporation Common Stock $16,940 1.35% 57,468 $2,456 Down ×2
MS Morgan Stanley Common Stock $16,910 1.35% 120,050 $2,822 Down ×1
PG Procter & Gamble Company (The) Common Stock $16,633 1.32% 104,400 $-1,159
ABT Abbott Laboratories Common Stock $16,516 1.31% 121,433 $279 Down ×2
AMZN Amazon.com, Inc. - Common Stock $15,480 1.23% 70,560 $1,990 Down ×1
WFC Wells Fargo & Company Common Stock $14,852 1.18% 185,369 $1,545 Up ×1
MAR Marriott International - Class A Common Stock $13,660 1.09% 50,000 $1,750
HON Honeywell International Inc. - Common Stock $13,425 1.07% 57,648 $1,091 Down ×2
HD Home Depot, Inc. (The) Common Stock $13,320 1.06% 36,330 $33 Up ×2
LMT Lockheed Martin Corporation Common Stock $11,920 0.95% 25,737 $378 Down ×1
VMC Vulcan Materials Company (Holding Company) Common Stock $11,672 0.93% 44,752 $1,185 Down ×1
UNP Union Pacific Corporation Common Stock $11,500 0.91% 49,983 $-308
RIO Rio Tinto Plc Common Stock $11,256 0.90% 192,969 $-454 Down ×2
AMT American Tower Corporation (REIT) Common Stock $11,044 0.88% 49,967 $51 Down ×2
NOW ServiceNow, Inc. Common Stock $10,851 0.86% 10,555 $2,356 Down ×1
SCHW Charles Schwab Corporation (The) Common Stock $10,677 0.85% 117,018 $1,399 Down ×2
UBER Uber Technologies, Inc. Common Stock $10,314 0.82% 110,550 $2,043 Down ×1
WMT Walmart Inc. - Common Stock $9,946 0.79% 101,722 $1,016
SNOW Snowflake Inc. Common Stock $9,723 0.77% 43,450 $-2,152 Down ×1
BA Boeing Company (The) Common Stock $9,430 0.75% 45,007 $2,487 Up ×1
DLR Digital Realty Trust, Inc. Common Stock $9,369 0.75% 53,740 $1,590 Down ×1
CRM Salesforce, Inc. Common Stock $9,166 0.73% 33,614 $172 Up ×2
JNJ Johnson & Johnson Common Stock $8,879 0.71% 58,125 $-794 Down ×2
MRK Merck & Company, Inc. Common Stock (new) $8,266 0.66% 104,417 $-1,147 Down ×1
CVX Chevron Corporation Common Stock $8,018 0.64% 55,996 $-1,350
XLK XLK $7,269 0.58% 28,703 $1,054 Down ×2
DIS Walt Disney Company (The) Common Stock $7,204 0.57% 58,090 $1,446 Down ×2
AXP American Express Company Common Stock $7,037 0.56% 22,060 $1,102
VRT Vertiv Holdings, LLC Class A Common Stock $6,605 0.53% 51,435 $3,147 Up ×2
STZ Constellation Brands, Inc. Common Stock $6,440 0.51% 39,589 $-1,082 Down ×2
QQQ Invesco QQQ Trust, Series 1 $6,259 0.50% 11,346 $977 Up ×2
GOOGL Alphabet Inc. - Class A Common Stock $5,912 0.47% 33,549 $-2,597 Down ×1
COST Costco Wholesale Corporation - Common Stock $5,354 0.43% 5,408 $239
DELL Dell Technologies Inc. Class C Common Stock $5,335 0.42% 43,515 $1,646 Up ×2
SHOP Shopify Inc. - Class A Subordinate Voting Shares $5,301 0.42% 45,955 $870 Down ×1
MO Altria Group, Inc. $5,235 0.42% 89,286 $-334 Down ×1
BMY Bristol-Myers Squibb Company Common Stock $4,981 0.40% 107,610 $-1,628 Down ×1
PEP PepsiCo, Inc. - Common Stock $4,932 0.39% 37,350 $-646 Up ×1
CMCSA Comcast Corporation - Class A Common Stock $4,761 0.38% 133,400 $-161
BSX Boston Scientific Corporation Common Stock $4,108 0.33% 38,250 $214 Down ×1
SPG Simon Property Group, Inc. Common Stock $3,343 0.27% 20,798 $-318 Down ×1
XLI XLI $3,304 0.26% 22,394 $284 Down ×1
WDAY Workday, Inc. - Class A Common Stock $3,158 0.25% 13,160 $15 Down ×1
GD General Dynamics Corporation Common Stock $3,106 0.25% 10,650 $46 Down ×2
VST Vistra Corp. Common Stock $2,756 0.22% 14,220 $1,291 Up ×2
XLV XLV $2,387 0.19% 17,713 $-414 Down ×1
MRVL Marvell Technology, Inc. - Common Stock $2,274 0.18% 29,375 $592 Up ×1
XOM Exxon Mobil Corporation Common Stock $2,242 0.18% 20,800 $-232
MMM 3M Company Common Stock $1,994 0.16% 13,100 $70
STWD STARWOOD PROPERTY TRUST, INC. Starwood Property Trust Inc. $1,921 0.15% 95,700 $1,215 Up ×1
PANW Palo Alto Networks, Inc. - Common Stock $1,714 0.14% 8,375 $281 Down ×1
RCL Royal Caribbean Cruises Ltd. Common Stock $1,433 0.11% 4,575 $498 Up ×1
Unknown issuer (CUSIP: 01877r108) $1,359 0.11% 52,000 $-60
IWM $1,323 0.11% 6,132 $-15 Down ×1
TSLA Tesla, Inc. - Common Stock $1,231 0.10% 3,875 $210 Down ×1
GOOG Alphabet Inc. - Class C Capital Stock $1,224 0.10% 6,900 $146
XLY XLY $1,213 0.10% 5,580 $31 Down ×1
META Meta Platforms, Inc. - Class A Common Stock $1,174 0.09% 1,590 $258
WES Western Midstream Partners, LP Common Units Representing Limited Partner Interests $1,161 0.09% 30,000 Up ×1
EPD Enterprise Products Partners L.P. Common Stock $1,082 0.09% 34,900 $-195 Down ×2
RTX RTX Corporation Common Stock $1,079 0.09% 7,390 $100
AIQ Global X Artificial Intelligence & Technology ETF $1,035 0.08% 23,683 $200 Up ×2
CCI Crown Castle Inc. Common Stock $851 0.07% 8,282 $-74 Down ×2
PFE Pfizer, Inc. Common Stock $837 0.07% 34,531 $-54 Down ×2
AMGN Amgen Inc. - Common Stock $726 0.06% 2,600 $-84
CPT Camden Property Trust Common Stock $722 0.06% 6,409 $-62
CLX Clorox Company (The) Common Stock $720 0.06% 6,000 $-163
AVB AvalonBay Communities, Inc. Common Stock $689 0.05% 3,385 $-37
XLB XLB $662 0.05% 7,538 $-48 Down ×2
CI The Cigna Group Common Stock $661 0.05% 2,000 $3
HPQXXXX $626 0.05% 25,600 $-83
XLC XLC $602 0.05% 5,551 $85 Up ×2
GAP Gap, Inc. (The) Common Stock $580 0.05% 26,600 $32
VZ Verizon Communications Inc. Common Stock $552 0.04% 12,747 $-26 Up ×1
CRWD CrowdStrike Holdings, Inc. - Class A Common Stock $549 0.04% 1,078 $179 Up ×2
Unknown issuer (CUSIP: 922908710) $547 0.04% 955 $54 Up ×1
HACK $526 0.04% 6,085 $98 Up ×2
HPE Hewlett Packard Enterprise Company Common Stock $524 0.04% 25,600 $129
DIA $520 0.04% 1,180 $25 Up ×2
JOET $485 0.04% 11,855 $-64 Down ×2
UNH UnitedHealth Group Incorporated Common Stock (DE) $473 0.04% 1,517 $-234 Up ×2
Unknown issuer (CUSIP: 81369y605) $448 0.04% 8,550 $-120 Down ×1
DVY iShares Select Dividend ETF $421 0.03% 3,167 $-26 Down ×1
IGM $410 0.03% 3,650 $24 Down ×1
OKE ONEOK, Inc. Common Stock $408 0.03% 5,000 $-88

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
WES $1,161 30,000 0.09%
BKNG $289 50 0.02%
IWD $234 1,204 0.02%
Unknown issuer (CUSIP: 316389303) $231 975 0.02%
COIN $228 650 0.02%
VOO $220 387 0.02%
ESI $204 9,000 0.02%

Top movers (QoQ)

Security Action Shares Δ Value Δ
NVDA Trimmed -7K +$81K
AVGOXXXX Trimmed -8K +$27K
MSFT Trimmed -2K +$19K
AMAT Trimmed -1K +$10K
ORCL Trimmed -3K +$7K
AAPL Trimmed -1K -$6K
AMD Trimmed -1K +$5K
JPM Trimmed -597 +$5K
CAT Price move only +0 +$4K
LLY Bought more +200 -$4K

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
DRIV March 31, 2025 15,608 $358
RH March 31, 2025 600 $236 -33.4%
TRP June 30, 2025 5,000 $236 29.9%
ADP March 31, 2025 776 $227 -8.7%
VOO March 31, 2025 407 $219 No longer tracked
ABNB March 31, 2025 1,620 $213 54.8%