GI
Grassi Investment Management Historical SEC 13F Holdings & Archive (Q2 2025)
Grassi Investment ManagementCIK: 0001608531
Diversified strategySector-focusedLong-term holder
Total reported value
$1.3B
Reporting period: 2025-06-30 · Number of holdings: 128
Grassi Investment Management disclosed 128 holdings in its latest 13F filing for the period ending 2025-06-30, with total reported value of $1.3B and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 25.48
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 100
- Sizing Uniformity
- 73.15
Grassi Investment Management's disclosed holdings carry a Herfindahl concentration index of 0.064 — mathematically equivalent to about 16 equally-sized positions, well below its 128 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.69), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 20.78% | — | -0.44% | |
| 2 | MSFT | Microsoft CORP | Stock-Tech | 6.32% | — | -1.14% | |
| 3 | AVGO | Broadcom Inc. | Stock-Tech | 5.82% | — | -2.97% | |
| 4 | AAPL | Apple Inc | Stock-Tech | 5.39% | — | -0.36% | |
| 5 | LLY | Eli Lilly & Co | Stock-Healthcare | 4.96% | — | +0.25% | |
| 6 | AMAT | Applied Materials Inc | Stock-Tech | 3.99% | — | -0.38% | |
| 7 | ✓ | Stock-Other | 2.80% | — | -0.25% | ||
| 8 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.41% | — | -0.57% | |
| 9 | PLD | Prologis Inc | Stock-Real Estate | 2.14% | — | — | |
| 10 | CAT | Caterpillar Inc | Stock-Industrials | 2.07% | — | — | |
| 11 | ORCL | Oracle CORP | Stock-Tech | 1.66% | — | -2.57% | |
| 12 | AMD | Advanced Micro Devices | Stock-Tech | 1.61% | — | -0.75% | |
| 13 | BAC | Bank Of America CORP | Stock-Financials | 1.59% | — | -0.41% | |
| 14 | ABBV | Abbvie Inc | Stock-Healthcare | 1.42% | — | -1.26% | |
| 15 | ✓ | Stock-Other | 1.35% | — | -0.61% | ||
| 16 | IBM | Intl Business Machines CORP | Stock-Tech | 1.35% | — | -1.34% | |
| 17 | MS | Morgan Stanley | Stock-Financials | 1.35% | — | -0.58% | |
| 18 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 1.32% | — | — | |
| 19 | ABT | Abbott Laboratories | Stock-Healthcare | 1.31% | — | -0.79% | |
| 20 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 1.23% | — | -0.48% | |
| 21 | WFC | Wells Fargo & Co | Stock-Financials | 1.18% | — | +0.00% | |
| 22 | MAR | Marriott International -cl A | Stock-Consumer Disc | 1.09% | — | — | |
| 23 | HON | Honeywell International Inc | Stock-Industrials | 1.07% | — | -1.03% | |
| 24 | HD | Home Depot Inc | Stock-Consumer Disc | 1.06% | — | +0.21% | |
| 25 | LMT | Lockheed Martin CORP | Stock-Industrials | 0.95% | — | -0.39% | |
| 26 | VMC | Vulcan Materials Co | Stock-Materials | 0.93% | — | -0.44% | |
| 27 | UNP | Union Pacific CORP | Stock-Industrials | 0.91% | — | — | |
| 28 | RIO | Rio Tinto Plc-spon Adr | Stock-Materials | 0.90% | — | -0.99% | |
| 29 | AMT | American Tower CORP | Stock-Real Estate | 0.88% | — | -1.09% | |
| 30 | NOW | Servicenow Inc | Stock-Tech | 0.86% | — | -1.08% | |
| 31 | SCHW | Schwab (charles) CORP | Stock-Financials | 0.85% | — | -1.27% | |
| 32 | UBER | Uber Technologies Inc | Stock-Industrials | 0.82% | — | -2.62% | |
| 33 | WMT | Walmart Inc | Stock-Consumer Staples | 0.79% | — | — | |
| 34 | SNOW | Snowflake Inc | Stock-Tech | 0.77% | — | -46.52% | |
| 35 | BA | Boeing Co/the | Stock-Industrials | 0.75% | — | +10.56% | |
| 36 | DLR | Digital Realty Trust Inc | Stock-Real Estate | 0.75% | — | -1.01% | |
| 37 | CRM | Salesforce Inc | Stock-Tech | 0.73% | — | +0.30% | |
| 38 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.71% | — | -0.34% | |
| 39 | MRK | Merck & Co., Inc. | Stock-Healthcare | 0.66% | — | -0.43% | |
| 40 | CVX | Chevron CORP | Stock-Energy | 0.64% | — | — | |
| 41 | XLK | Ss Technology Select Sector | ETF-Tech | 0.58% | — | -4.64% | |
| 42 | DIS | Walt Disney Co/the | Stock-Comm Services | 0.57% | — | -0.43% | |
| 43 | AXP | American Express Co | Stock-Financials | 0.56% | — | — | |
| 44 | VRT | Vertiv Holdings Co-a | Stock-Industrials | 0.53% | — | +7.38% | |
| 45 | STZ | Constellation Brands Inc-a | Stock-Consumer Staples | 0.51% | — | -3.42% | |
| 46 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 0.50% | — | +0.73% | |
| 47 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.47% | — | -39.03% | |
| 48 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.43% | — | — | |
| 49 | DELL | Dell Technologies Inc. | Stock-Tech | 0.42% | — | +7.51% | |
| 50 | SHOP | Shopify Inc - Class A | Stock-Tech | 0.42% | — | -0.97% |
1–50 of 128
Portfolio Performance
Performance for Q3 2026
+2.1%
Performance Last 4 Quarters
+33.2%
- Stdev
- +16%
- Beta
- +1.16
- Alpha
- +1.8%
- Max Drawdown
- -9.5%
- Annualized Perf
- +26.4%
- Batting Avg vs S&P
- +66.7%
- Sortino
- +3.38
- Stutzer
- +0.46
- Treynor
- +0.22
- Sterling
- +1.6
- Calmar
- +2.79
- Information Ratio
- +0.81
- Tracking Error
- +6.1%
- Stdev Down
- +7.4%
- Winning Months %
- +66.7%
- Losing Months %
- +33.3%
- Best 12 Months
- +48.6%
- Worst 12 Months
- +2%
- Efficiency Ratio
- +0.72
- Sharpe
- +1.55
- Stdev Sectors
- +17.2%
- Skewness
- +0.07
- Kurtosis
- -0.29
- Upside Potential
- +4.89
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2025 Q2 | 128 | $1.3B | 0 | ||
| 2025 Q1 | 122 | $1.1B | 100 | ||
| 2024 Q4 | 130 | $1.2B | 0 | ||
| 2024 Q3 | 128 | $1.2B | 0 | ||
| 2024 Q2 | 130 | $1.1B | 0 | ||
| 2024 Q1 | 125 | $1.1B | 0 | ||
| 2023 Q4 | 122 | $953.7M | 0 | ||
| 2023 Q3 | 123 | $869.5M | 0 | ||
| 2023 Q2 | 125 | $909.0M | 0 | ||
| 2023 Q1 | 126 | $806.1M | 0 | ||
| 2022 Q4 | 119 | $741.2M | 0 | ||
| 2022 Q3 | 121 | $686.2M | 0 | ||
| 2022 Q2 | 125 | $757.1M | 0 | ||
| 2022 Q1 | 136 | $956.6M | 0 | ||
| 2021 Q4 | 146 | $1.0B | 0 | ||
| 2021 Q3 | 142 | $888.9M | 0 | ||
| 2021 Q2 | 143 | $920.8M | 98 | ||
| 2021 Q1 | 143 | $881.9M | 18 | ||
| 2020 Q4 | 136 | $788.5M | 22 | ||
| 2020 Q3 | 128 | $705.5M | 16 | ||
| 2020 Q2 | 130 | $693.7M | 26 | ||
| 2020 Q1 | 107 | $571.8M | 31 | ||
| 2019 Q4 | 112 | $738.9M | 20 | ||
| 2019 Q3 | 120 | $667.1M | 19 | ||
| 2019 Q2 | 119 | $677.5M | 22 | ||
| 2019 Q1 | 136 | $674.9M | 29 | ||
| 2018 Q4 | 111 | $582.0M | 27 | ||
| 2018 Q3 | 119 | $675.9M | 13 | ||
| 2018 Q2 | 115 | $623.0M | 13 | ||
| 2018 Q1 | 119 | $616.4M | 18 | ||
| 2017 Q4 | 132 | $617.0M | 14 | ||
| 2017 Q3 | 130 | $594.1M | 22 | ||
| 2017 Q2 | 140 | $567.8M | 20 | ||
| 2017 Q1 | 134 | $575.5M | 15 | ||
| 2016 Q4 | 131 | $550.8M | 19 | ||
| 2016 Q3 | 134 | $533.0M | 8 | ||
| 2016 Q2 | 132 | $528.6M | 17 | ||
| 2016 Q1 | 128 | $503.7M | 21 | ||
| 2015 Q4 | 131 | $488.7M | 37 | ||
| 2015 Q3 | 135 | $471.2M | 20 | ||
| 2015 Q2 | 143 | $532.3M | 9 | ||
| 2015 Q1 | 143 | $538.9M | 20 | ||
| 2014 Q4 | 141 | $570.7M | 19 | ||
| 2014 Q3 | 138 | $527.9M | 24 | ||
| 2014 Q2 | 135 | $457.0M | 0 |
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Grassi Investment Management and what type of investor is it?
Grassi Investment Management is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-06-30), the firm manages a tracked equity portfolio valued at approximately $1.3B, spread across 128 disclosed positions.
What are Grassi Investment Management's largest equity positions?
Based on the latest 13F filing, Grassi Investment Management's top holdings by market value are:
1. Nvidia CORP (NVDA) — $261.2M (20.8%)
2. Microsoft CORP (MSFT) — $79.4M (6.3%)
3. Broadcom Inc. (AVGO) — $73.2M (5.8%)
4. Apple Inc (AAPL) — $67.7M (5.4%)
5. Eli Lilly & Co (LLY) — $62.3M (5.0%)
What changes did Grassi Investment Management make in its most recent portfolio filing?
No notable portfolio changes were recorded for Grassi Investment Management in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Grassi Investment Management focus on?
Grassi Investment Management is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 58.2%
• Financials: 12.3%
• Health Care: 11.5%
• Industrials: 8.2%
• Consumer Staples: 4.0%
• Consumer Discretionary: 2.8%
Investment Profile
Grassi Investment Management returned an annualized 26.4% over the trailing 36 months — outperforming the S&P 500 by 1.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.16 (more volatile than the market) and a 67% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 58.2% of the portfolio concentrated in Information Technology.
It has added to its VRT position over the past two quarters (+$5.2M, now $6.6M), while trimming AAPL over the same stretch (-$15.8M, still holding $67.7M).
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Developer Access
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