Grassi Investment Management
Reported holdings as of Q2 2025, from 27 quarterly filings.
This filer last reported in Q2 2025; the most recent quarter on file across all filers is Q2 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| NVIDIA CORPORATION | NVDA | $261.2K | 1,653,100 | +4.13pp | 27q | HELD | |
| MICROSOFT CORP | MSFT | $79.4K | 159,643 | +0.71pp | 27q | -1.1% | |
| BROADCOM LTD | $73.2K | 265,630 | +1.58pp | 26q | -3.0%-$2.2K | ||
| APPLE INC | AAPL | $67.7K | 330,171 | -1.42pp | 27q | HELD | |
| ELI LILLY & CO | LLY | $62.3K | 79,927 | -1.13pp | 27q | HELD | |
| APPLIED MATLS INC | AMAT | $50.1K | 273,851 | +0.30pp | 27q | HELD | |
| VISA INC | V | $35.1K | 98,967 | -0.42pp | 27q | HELD | |
| JPMORGAN CHASE & CO | JPM | $30.3K | 104,353 | +0.03pp | 27q | -0.6% | |
| PROLOGIS INC. | PLD | $26.9K | 256,075 | -0.51pp | 27q | HELD | |
| CATERPILLAR INC | CAT | $26.0K | 66,904 | +0.03pp | 27q | HELD | |
| ORACLE CORP | ORCL | $20.9K | 95,645 | +0.39pp | 27q | -2.6% | |
| ADVANCED MICRO DEVICES INC | AMD | $20.3K | 142,895 | +0.24pp | 26q | -0.8% | |
| BANK OF AMER CORP | BAC | $20.0K | 423,000 | -0.05pp | 27q | HELD | |
| ABBVIE INC | ABBV | $17.8K | 96,025 | -0.47pp | 27q | -1.3% | |
| BLACKSTONE GROUP L P | BXXXXX | $17.0K | 113,750 | -0.13pp | 27q | -0.6% | |
| INTERNATIONAL BUSINESS MACHS | IBM | $16.9K | 57,468 | +0.01pp | 27q | -1.3% | |
| MORGAN STANLEY | MS | $16.9K | 120,050 | +0.04pp | 27q | -0.6% | |
| PROCTER & GAMBLE CO | PG | $16.6K | 104,400 | -0.32pp | 27q | HELD | |
| ABBOTT LABORATORIES | ABT | $16.5K | 121,433 | -0.19pp | 27q | -0.8% | |
| AMAZON COM INC | AMZN | $15.5K | 70,560 | -0.02pp | 27q | HELD | |
| WELLS FARGO & CO | WFC | $14.9K | 185,369 | -0.05pp | 27q | HELD | |
| MARRIOTT INTL INC NEW | MAR | $13.7K | 50,000 | -0.02pp | 27q | HELD | |
| HONEYWELL INTL INC | HONZZZZ | $13.4K | 57,648 | -0.07pp | 27q | -1.0% | |
| HOME DEPOT INC | HD | $13.3K | 36,330 | -0.17pp | 27q | HELD | |
| LOCKHEED MARTIN CORP | LMT | $11.9K | 25,737 | -0.12pp | 27q | HELD | |
| VULCAN MATLS CO | VMC | $11.7K | 44,752 | -0.04pp | 24q | HELD | |
| UNION PAC CORP | UNP | $11.5K | 49,983 | -0.18pp | 27q | HELD | |
| RIO TINTO PLC | RIO | $11.3K | 192,969 | -0.19pp | 27q | -1.0% | |
| AMERICAN TOWER CORP | AMT | $11.0K | 49,967 | -0.14pp | 27q | -1.1% | |
| SERVICENOW INC | NOW | $10.9K | 10,555 | +0.08pp | 27q | -1.1% | |
| SCHWAB CHARLES CORP | SCHW | $10.7K | 117,018 | -0.01pp | 11q | -1.3% | |
| UBER TECHNOLOGIES INC | UBER | $10.3K | 110,550 | +0.06pp | 22q | -2.6% | |
| WALMART INC | WMT | $9.9K | 101,722 | -0.03pp | 27q | HELD | |
| SNOWFLAKE INC | SNOW | $9.7K | 43,450 | -0.33pp | 8q | -46.5%-$8.5K | |
| BOEING CO | BA | $9.4K | 45,007 | +0.11pp | 27q | +10.6% | |
| DIGITAL RLTY TR INC | DLR | $9.4K | 53,740 | +0.03pp | 27q | -1.0% | |
| SALESFORCE INC | CRM | $9.2K | 33,614 | -0.10pp | 27q | HELD | |
| JOHNSON & JOHNSON | JNJ | $8.9K | 58,125 | -0.19pp | 27q | HELD | |
| Merck & Co Inc | $8.3K | 104,417 | -0.21pp | 27q | HELD | ||
| CHEVRON CORPORATION | CVX | $8.0K | 55,996 | -0.23pp | 27q | HELD | |
| SELECT SECTOR SPDR TR | XLK | $7.3K | 28,703 | flat | 21q | -4.6% | |
| DISNEY WALT CO | DIS | $7.2K | 58,090 | +0.04pp | 27q | HELD | |
| AMERICAN EXPRESS CO | AXP | $7.0K | 22,060 | +0.01pp | 27q | HELD | |
| VERTIV HOLDINGS CO | VRT | $6.6K | 51,435 | +0.21pp | 3q | +7.4% | |
| CONSTELLATION BRANDS INC | STZ | $6.4K | 39,589 | -0.18pp | 26q | -3.4% | |
| INVESCO QQQ TR | QQQ | $6.3K | 11,346 | +0.01pp | 21q | +0.7% | |
| ALPHABET INC | GOOGL | $5.9K | 33,549 | -0.32pp | 27q | -39.0%-$3.8K | |
| COSTCO WHOLESALE CORPORATION | COST | $5.4K | 5,408 | -0.05pp | 27q | HELD | |
| DELL INC | $5.3K | 43,515 | +0.08pp | 5q | +7.5% | ||
| SHOPIFY INC | SHOP | $5.3K | 45,955 | +0.01pp | 9q | -1.0% | |
| ALTRIA GROUP INC | MO | $5.2K | 89,286 | -0.10pp | 27q | -3.8% | |
| BRISTOL-MYERS SQUIBB CO | BMY | $5.0K | 107,610 | -0.22pp | 27q | -0.7% | |
| PEPSICO INC | PEP | $4.9K | 37,350 | -0.12pp | 27q | HELD | |
| COMCAST CORP NEW | CMCSA | $4.8K | 133,400 | -0.08pp | 27q | HELD | |
| BOSTON SCIENTIFIC CORP | BSX | $4.1K | 38,250 | -0.03pp | 6q | -0.9% | |
| SIMON PPTY GROUP INC NEW | SPG | $3.3K | 20,798 | -0.07pp | 17q | -5.6% | |
| SELECT SECTOR SPDR TR | XLI | $3.3K | 22,394 | -0.02pp | 21q | -2.8% | |
| WORKDAY INC | WDAY | $3.2K | 13,160 | -0.04pp | 20q | -2.2% | |
| GENERAL DYNAMICS CORP | GD | $3.1K | 10,650 | -0.04pp | 15q | -5.1% | |
| VISTRA CORP | VST | $2.8K | 14,220 | +0.08pp | 3q | +14.0% | |
| SELECT SECTOR SPDR TR | XLV | $2.4K | 17,713 | -0.07pp | 21q | -7.7% | |
| MARVELL TECHNOLOGY INC | MRVL | $2.3K | 29,375 | +0.03pp | 2q | +7.5% | |
| EXXON MOBIL CORP | XOMXXXX | $2.2K | 20,800 | -0.05pp | 27q | HELD | |
| 3M CO | MMM | $2.0K | 13,100 | -0.02pp | 27q | HELD | |
| STARWOOD PPTY TR INC | STWD | $1.9K | 95,700 | +0.09pp | 27q | +168.1%+$1.2K | |
| PALO ALTO NETWORKS INC | PANW | $1.7K | 8,375 | flat | 5q | HELD | |
| ROYAL CARIBBEAN GROUP | RCL | $1.4K | 4,575 | +0.03pp | 24q | +0.5% | |
| ALLIANCE RESOURCE PARTNERS L | ARLP | $1.4K | 52,000 | -0.02pp | 8q | HELD | |
| ISHARES TR | IWM | $1.3K | 6,132 | -0.02pp | 7q | -8.6% | |
| TESLA INC | TSLA | $1.2K | 3,875 | flat | 20q | -1.6% | |
| ALPHABET INC | GOOG | $1.2K | 6,900 | flat | 27q | HELD | |
| SELECT SECTOR SPDR TR | XLY | $1.2K | 5,580 | -0.01pp | 21q | -6.8% | |
| META PLATFORMS INC | META | $1.2K | 1,590 | +0.01pp | 27q | HELD | |
| WESTERN GAS PARTNERS LP | WES | $1.2K | 30,000 | - | new | NEW | |
| ENTERPRISE PRODS PARTNERS L | EPD | $1.1K | 34,900 | -0.03pp | 27q | -6.7% | |
| RTX CORPORATION | RTX | $1.1K | 7,390 | flat | 21q | HELD | |
| GLOBAL X FDS | AIQ | $1.0K | 23,683 | +0.01pp | 5q | +3.2% | |
| CROWN CASTLE INC | CCI | $851 | 8,282 | -0.02pp | 27q | -6.7% | |
| PFIZER INC | PFE | $837 | 34,531 | -0.02pp | 27q | -1.8% | |
| AMGEN INC | AMGN | $726 | 2,600 | -0.02pp | 6q | HELD | |
| CAMDEN PPTY TR | CPT | $722 | 6,409 | -0.02pp | 27q | HELD | |
| CLOROX CO DEL | CLX | $720 | 6,000 | -0.02pp | 27q | HELD | |
| AVALONBAY CMNTYS INC | AVB | $689 | 3,385 | -0.01pp | 27q | HELD | |
| SELECT SECTOR SPDR TR | XLB | $662 | 7,538 | -0.01pp | 21q | -8.7% | |
| THE CIGNA GROUP | CI | $661 | 2,000 | -0.01pp | 27q | HELD | |
| HEWLETT PACKARD CO | $626 | 25,600 | -0.02pp | 27q | HELD | ||
| SELECT SECTOR SPDR TR | XLC | $602 | 5,551 | flat | 10q | +3.6% | |
| GAP INC | GAP | $580 | 26,600 | flat | 27q | HELD | |
| VERIZON COMMUNICATIONS INC | VZ | $552 | 12,747 | -0.01pp | 27q | HELD | |
| CROWDSTRIKE HLDGS INC | CRWD | $549 | 1,078 | +0.01pp | 3q | +2.7% | |
| VANGUARD 500 INDEX ADMIRAL | $547 | 955 | flat | 26q | HELD | ||
| AMPLIFY ETF TR | HACK | $526 | 6,085 | flat | 6q | +2.1% | |
| HEWLETT PACKARD ENTERPRISE C | HPE | $524 | 25,600 | +0.01pp | 27q | HELD | |
| STATE STR SPDR DOW JONES IND | DIA | $520 | 1,180 | flat | 21q | HELD | |
| VIRTUS ETF TR II | JOET | $485 | 11,855 | -0.01pp | 19q | -21.0% | |
| UNITEDHEALTH GROUP INC | UNH | $473 | 1,517 | -0.03pp | 13q | +12.4% | |
| SELECT SECTOR SPDR TR | XLF | $448 | 8,550 | -0.02pp | 18q | -25.0% | |
| ISHARES TR | DVY | $421 | 3,167 | -0.01pp | 21q | -4.8% | |
| ISHARES TR | IGM | $410 | 3,650 | flat | 21q | -14.2% | |
| ONEOK INC NEW | OKE | $408 | 5,000 | -0.01pp | 8q | HELD | |
| VENTAS INC | VTR | $379 | 6,000 | -0.01pp | 21q | HELD | |
| Berkshire Hathaway Cl B | BRK-A | $373 | 767 | -0.01pp | 11q | HELD | |
| LAM RESEARCH CORP | LRCXXXXX | $370 | 3,800 | flat | 10q | -5.0% | |
| SONY GROUP CORP | SONY | $361 | 13,875 | -0.01pp | 23q | -6.7% | |
| AON PLC | AON | $357 | 1,000 | -0.02pp | 9q | -28.6% | |
| FRANKLIN RESOURCES INC | BEN | $354 | 14,835 | flat | 27q | -11.9% | |
| ASML HLDG NV | ASML | $337 | 420 | flat | 8q | HELD | |
| SCHWAB TOTAL STOCK MARKET INDEX | $316 | 3,017 | flat | 10q | HELD | ||
| NOVO-NORDISK A S | NVO | $315 | 4,570 | flat | 3q | HELD | |
| SPDR SERIES TRUST | KRE | $312 | 5,250 | -0.01pp | 15q | -9.5% | |
| WYNN RESORTS LTD | WYNN | $303 | 3,240 | flat | 17q | -12.2% | |
| ISHARES TR | IBB | $301 | 2,379 | flat | 20q | -2.1% | |
| BOOKING HOLDINGS INC | BKNG | $289 | 50 | - | new | NEW | |
| HAPPEN INC | HAPN | $282 | 23,400 | flat | 19q | -11.4% | |
| VANGUARD WELLINGTON ADMIRAL | $260 | 3,326 | flat | 7q | +0.6% | ||
| INVESCO EXCH TRADED FD TR II | QQQM | $240 | 1,058 | flat | 5q | HELD | |
| MONDELEZ INTL INC | MDLZ | $236 | 3,500 | flat | 11q | HELD | |
| ISHARES TR | IWD | $234 | 1,204 | - | new | NEW | |
| FIDELITY BLUE CHIP GROWTH | $231 | 975 | - | new | NEW | ||
| STATE STR SPDR S&P MIDCAP 40 | MDY | $229 | 404 | flat | 7q | HELD | |
| COINBASE GLOBAL INC | COIN | $228 | 650 | - | new | NEW | |
| VANGUARD WELLINGTON INV | $221 | 4,877 | flat | 4q | +0.6% | ||
| VANGUARD INDEX FDS | VOO | $220 | 387 | - | new | NEW | |
| ELEMENT SOLUTIONS INC | ESI | $204 | 9,000 | - | new | NEW | |
| NUVEEN CA DIVI ADV MUN | NAC | $168 | 15,000 | flat | 21q | HELD | |
| CLEAN ENERGY FUELS CORP | CLNE | $75 | 38,500 | flat | 6q | HELD | |
| FATE THERAPEUTICS INC | FATE | $20 | 18,000 | flat | 10q | HELD | |
| CALIDI BIOTHERAPEUTICS INC | CLDI | $2 | 10,000 | flat | 3q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Not classified | $89.0K | 100.0% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2025 | $1.3M | 128 | 7 | 15 | 49 | 1 | 56.7% | 21 |
| Q1 2025 | $1.1M | 122 | 1 | 31 | 27 | 9 | 53.4% | 10 |
| Q4 2024 | $1.2M | 130 | 8 | 16 | 50 | 6 | 55.6% | 21 |
| Q3 2024 | $1.2M | 128 | 5 | 14 | 53 | 7 | 55.0% | 22 |
| Q2 2024 | $1.1M | 130 | 8 | 19 | 45 | 3 | 55.9% | 9 |
| Q1 2024 | $1.1M | 125 | 6 | 19 | 25 | 3 | 54.6% | 10 |
| Q4 2023 | $953.7K | 122 | 7 | 22 | 29 | 8 | 50.7% | 10 |
| Q3 2023 | $869.5K | 123 | 6 | 21 | 26 | 8 | 47.3% | 11 |
| Q2 2023 | $909.0K | 125 | 3 | 13 | 42 | 4 | 46.5% | 11 |
| Q1 2023 | $806.1K | 126 | 11 | 27 | 30 | 4 | 42.1% | 11 |
| Q4 2022 | $741.2K | 119 | 7 | 7 | 34 | 9 | 37.3% | 10 |
| Q3 2022 | $686.2M | 121 | 1 | 22 | 21 | 5 | 36.0% | 12 |
| Q2 2022 | $757.1M | 125 | 4 | 24 | 43 | 15 | 36.2% | 12 |
| Q1 2022 | $956.6M | 136 | 3 | 38 | 26 | 13 | 38.5% | 12 |
| Q4 2021 | $1.0B | 146 | 13 | 35 | 29 | 9 | 39.3% | 13 |
| Q3 2021 | $888.9M | 142 | 6 | 41 | 12 | 7 | 36.1% | 12 |
| Q2 2021 | $920.8M | 143 | 7 | 28 | 22 | 7 | 37.5% | 9 |
| Q1 2021 | $881.9M | 143 | 14 | 42 | 23 | 7 | 37.9% | 12 |
| Q4 2020 | $788.5M | 136 | 15 | 36 | 45 | 7 | 35.8% | 19 |
| Q3 2020 | $705.5M | 128 | 6 | 24 | 44 | 8 | 35.5% | 13 |
| Q2 2020 | $693.7M | 130 | 28 | 23 | 30 | 5 | 32.9% | 15 |
| Q1 2020 | $571.8M | 107 | 5 | 34 | 34 | 10 | 32.1% | 8 |
| Q4 2019 | $738.9M | 112 | 3 | 34 | 22 | 11 | 32.3% | 10 |
| Q3 2019 | $667.1M | 120 | 10 | 26 | 35 | 9 | 30.9% | 4 |
| Q2 2019 | $677.5M | 119 | 11 | 28 | 37 | 28 | 32.1% | 10 |
| Q1 2019 | $674.9M | 136 | 39 | 30 | 19 | 14 | 31.2% | 10 |
| Q4 2018 | $582.0M | 111 | 0 | 0 | 0 | 0 | 32.9% | 10 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.