Grassi Investment Management 13F annual report
Grassi Investment Management is an investment fund managing more than $1.13 billion ran by Katie Leung. There are currently 130 companies in Mrs. Leung’s portfolio. The largest investments include NVIDIA Corp and Microsoft, together worth $279 million.
$1.13 billion Assets Under Management (AUM)
As of 2nd July 2024, Grassi Investment Management’s top holding is 1,670,800 shares of NVIDIA Corp currently worth over $206 million and making up 18.3% of the portfolio value.
Relative to the number of outstanding shares of NVIDIA Corp, Grassi Investment Management owns more than approximately 0.1% of the company.
In addition, the fund holds 163,096 shares of Microsoft worth $72.9 million, whose value grew 24.1% in the past six months.
The third-largest holding is Lilly, Eli & Co worth $71.9 million and the next is Apple Computer worth $71.9 million, with 341,525 shares owned.
Currently, Grassi Investment Management's portfolio is worth at least $1.13 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Grassi Investment Management
The Grassi Investment Management office and employees reside in Santa Clara, California. According to the last 13-F report filed with the SEC, Katie Leung serves as the Operations Manager at Grassi Investment Management.
Recent trades
In the most recent 13F filing, Grassi Investment Management revealed that it had opened a new position in
Palo Alto Networks Inc and bought 2,880 shares worth $976 thousand.
This means they effectively own approximately 0.1% of the company.
Palo Alto Networks Inc makes up
0.2%
of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in NVIDIA Corp by buying
1,436,370 additional shares.
This makes their stake in NVIDIA Corp total 1,670,800 shares worth $206 million.
NVIDIA Corp dropped approximately 0.1% in the past year.
On the other hand, there are companies that Grassi Investment Management is getting rid of from its portfolio.
Grassi Investment Management closed its position in Deere & Co on 9th July 2024.
It sold the previously owned 525 shares for $216 thousand.
Katie Leung also disclosed a decreased stake in Apple Computer by approximately 0.1%.
This leaves the value of the investment at $71.9 million and 341,525 shares.
One of the smallest hedge funds
The two most similar investment funds to Grassi Investment Management are Franklin Street Advisors Inc nc and Bfam Partners (cayman) Ltd. They manage $1.13 billion and $1.13 billion respectively.
Katie Leung investment strategy
Grassi Investment Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 39.1% of
the total portfolio value.
The fund focuses on investments in the United States as
42.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
38% of the total holdings value.
On the other hand, small-cap stocks make up only 2.3% of the portfolio.
The average market cap of the portfolio companies is close to $195 billion.
The complete list of Grassi Investment Management trades based on 13F SEC filings
These positions were updated on July 9th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| NVIDIA Corp |
612.71%
1,670,800
|
$206,411,000 | 18.31% |
| Microsoft Corporation |
0.21%
163,096
|
$72,896,000 | 6.47% |
| Lilly, Eli & Co |
0.44%
79,457
|
$71,938,000 | 6.38% |
| Apple Computer |
0.45%
341,525
|
$71,932,000 | 6.38% |
| Applied Materials Inc. |
0.03%
277,251
|
$65,428,000 | 5.80% |
| Broadcom Inc. |
0.44%
26,090
|
$41,888,000 | 3.72% |
| Prologis Inc |
0.42%
253,196
|
$28,436,000 | 2.52% |
| Visa Inc |
0.20%
101,082
|
$26,531,000 | 2.35% |
| Caterpillar Inc. |
0.44%
68,554
|
$22,835,000 | 2.03% |
| Advanced Micro Dev |
1.71%
138,035
|
$22,391,000 | 1.99% |
| Jp Morgan Chase |
0.74%
107,302
|
$21,703,000 | 1.92% |
| Bank of America Corporation |
1.36%
439,470
|
$17,478,000 | 1.55% |
| Abbvie Inc |
0.73%
101,500
|
$17,409,000 | 1.54% |
| Procter & Gamble Co. |
No change
104,400
|
$17,218,000 | 1.53% |
| Blackstone Inc |
0.29%
119,668
|
$14,815,000 | 1.31% |
| Oracle Corp. |
0.85%
99,345
|
$14,028,000 | 1.24% |
| Amazon.com Inc. |
2.95%
70,385
|
$13,602,000 | 1.21% |
| Rio Tinto |
0.75%
201,944
|
$13,314,000 | 1.18% |
| Honeywell Intl |
4.11%
61,734
|
$13,183,000 | 1.17% |
| Abbott Labs Com |
11.93%
125,281
|
$13,018,000 | 1.15% |
| Merck & Co Inc |
0.48%
103,764
|
$12,846,000 | 1.14% |
| Home Depot, Inc. |
0.94%
36,830
|
$12,678,000 | 1.12% |
| Constellation |
No change
47,054
|
$12,106,000 | 1.07% |
| Marriott Intl |
No change
50,000
|
$12,088,000 | 1.07% |
| Lockheed Martin Corp. |
No change
25,867
|
$12,082,000 | 1.07% |
| Morgan Stanley |
No change
120,750
|
$11,736,000 | 1.04% |
| Union Pacific Corp. |
1.35%
51,283
|
$11,603,000 | 1.03% |
| Wells Fargo & Co. |
0.51%
193,006
|
$11,463,000 | 1.02% |
| Vulcan Materials Co |
No change
44,952
|
$11,179,000 | 0.99% |
| American Tower Corp. |
0.55%
54,292
|
$10,553,000 | 0.94% |
| Ibm Corporation |
No change
60,130
|
$10,399,000 | 0.92% |
| Alphabet Inc |
4.40%
53,990
|
$9,834,000 | 0.87% |
| ServiceNow Inc |
35.46%
12,205
|
$9,601,000 | 0.85% |
| Charles Schwab Corp. |
0.16%
121,343
|
$8,942,000 | 0.79% |
| Chevron Corp. |
No change
56,396
|
$8,821,000 | 0.78% |
| John. & John. |
14.54%
59,376
|
$8,678,000 | 0.77% |
| Salesforce.com |
1.34%
33,163
|
$8,526,000 | 0.76% |
| Digital Realty Tr |
0.88%
56,035
|
$8,520,000 | 0.76% |
| Snowflake Inc. |
7.24%
62,200
|
$8,403,000 | 0.75% |
| Boeing Co. |
0.47%
43,132
|
$7,850,000 | 0.70% |
| Wal-mart Stores |
5.51%
102,922
|
$6,969,000 | 0.62% |
| Technology |
0.17%
30,610
|
$6,925,000 | 0.61% |
| Uber Technologies Inc |
0.43%
94,200
|
$6,846,000 | 0.61% |
| Disney, Walt Co |
0.31%
65,266
|
$6,480,000 | 0.57% |
| Pepsico Inc |
No change
37,800
|
$6,234,000 | 0.55% |
| Invesco Qqq |
0.52%
11,327
|
$5,427,000 | 0.48% |
| Comcast Cl A |
No change
133,400
|
$5,224,000 | 0.46% |
| American Express Co. |
2.18%
22,460
|
$5,201,000 | 0.46% |
| Bristol-myers |
0.09%
108,760
|
$4,517,000 | 0.40% |
| Altria Group Inc. |
No change
95,186
|
$4,336,000 | 0.38% |
| Costco Wholesale Corp |
1.04%
4,840
|
$4,114,000 | 0.36% |
| Freeport-McMoRan Inc |
0.24%
83,350
|
$4,051,000 | 0.36% |
| Simon Ppty Grp Inc |
3.86%
22,179
|
$3,367,000 | 0.30% |
| General Dynamics Corp. |
0.87%
11,375
|
$3,300,000 | 0.29% |
| Workday Inc |
1.29%
13,775
|
$3,080,000 | 0.27% |
| Boston Scientific Corp. |
No change
38,800
|
$2,988,000 | 0.27% |
| Health Care |
0.97%
19,449
|
$2,835,000 | 0.25% |
| Industrials |
0.85%
23,220
|
$2,830,000 | 0.25% |
| AMGEN Inc. |
No change
8,030
|
$2,509,000 | 0.22% |
| Exxon Mobil Corp. |
No change
20,800
|
$2,394,000 | 0.21% |
| Crown Castle Int'l |
3.70%
19,390
|
$1,894,000 | 0.17% |
| Spdr S&p Regional |
10.71%
38,345
|
$1,883,000 | 0.17% |
| Shopify Inc |
420.32%
22,530
|
$1,488,000 | 0.13% |
| 3M Co. |
No change
13,100
|
$1,339,000 | 0.12% |
| Alliance Res Ptnrs |
8.77%
52,000
|
$1,272,000 | 0.11% |
| Alphabet Inc |
1.47%
6,900
|
$1,266,000 | 0.11% |
| Ishares Russell 2000 |
2.00%
6,172
|
$1,252,000 | 0.11% |
| Enterprise Prods |
2.43%
40,200
|
$1,165,000 | 0.10% |
| Consumer Discr |
2.70%
6,094
|
$1,111,000 | 0.10% |
| Pfizer Inc. |
1.07%
36,852
|
$1,031,000 | 0.09% |
| Royal Caribbean |
8.51%
6,450
|
$1,028,000 | 0.09% |
| Palo Alto Networks Inc |
Opened
2,880
|
$976,000 | 0.09% |
| Starwood Prop |
0.11%
49,156
|
$931,000 | 0.08% |
| Meta Platforms Inc |
2.79%
1,840
|
$928,000 | 0.08% |
| Biotechnology |
39.88%
6,709
|
$921,000 | 0.08% |
| Tesla Motors |
4.50%
4,645
|
$919,000 | 0.08% |
| HP Inc |
No change
25,600
|
$897,000 | 0.08% |
| Materials |
2.49%
9,985
|
$882,000 | 0.08% |
| Dell Inc |
Opened
6,375
|
$879,000 | 0.08% |
| Clorox Co. |
No change
6,000
|
$819,000 | 0.07% |
| LendingClub Corp |
17.51%
96,550
|
$817,000 | 0.07% |
| Camden Property |
6.32%
7,409
|
$808,000 | 0.07% |
| Avalonbay |
6.12%
3,835
|
$793,000 | 0.07% |
| Global X Ai & Tech |
Opened
21,800
|
$777,000 | 0.07% |
| Raytheon |
No change
7,390
|
$742,000 | 0.07% |
| Vanguard 500 Index |
3.89%
1,360
|
$685,000 | 0.06% |
| Cigna Corp |
No change
2,000
|
$661,000 | 0.06% |
| Gap, Inc. |
No change
26,600
|
$635,000 | 0.06% |
| Asml Holdings Nv |
No change
600
|
$614,000 | 0.05% |
| Starbucks Corp. |
16.43%
7,632
|
$594,000 | 0.05% |
| American Battery Tech |
No change
474,164
|
$593,000 | 0.05% |
| DraftKings Inc. |
Opened
15,000
|
$573,000 | 0.05% |
| Verizon Comm |
3.81%
13,724
|
$566,000 | 0.05% |
| Hewlett-packard |
No change
25,600
|
$542,000 | 0.05% |
| Crowdstrike Hldgs |
No change
1,400
|
$536,000 | 0.05% |
| Virtus Terranova |
0.65%
15,450
|
$530,000 | 0.05% |
| Financial |
6.21%
11,908
|
$490,000 | 0.04% |
| Sony Corporation. |
43.69%
5,575
|
$474,000 | 0.04% |
| Comm Services |
0.94%
5,376
|
$461,000 | 0.04% |
| Spdr Dow Jones Ind |
8.13%
1,175
|
$460,000 | 0.04% |
| Unitedhealth Group Inc |
28.34%
885
|
$451,000 | 0.04% |
| Oneok Inc. |
No change
5,400
|
$440,000 | 0.04% |
| Global X Electric Vehicles |
No change
18,685
|
$439,000 | 0.04% |
| Lam Research Corp. |
No change
400
|
$426,000 | 0.04% |
| Aon plc. |
46.15%
1,400
|
$411,000 | 0.04% |
| Expanded Tech |
21.60%
4,355
|
$411,000 | 0.04% |
| Select Dividend |
25.14%
3,302
|
$400,000 | 0.04% |
| Community Bank Of The Bay |
No change
30,000
|
$385,000 | 0.03% |
| Franklin Res |
No change
16,835
|
$376,000 | 0.03% |
| Airbnb, Inc. |
No change
2,420
|
$367,000 | 0.03% |
| Wynn Resorts Ltd. |
6.85%
4,080
|
$365,000 | 0.03% |
| Ventas Inc |
No change
6,000
|
$308,000 | 0.03% |
| Berkshire Hath. |
No change
726
|
$295,000 | 0.03% |
| Amplify Cybersecurity |
4.68%
4,475
|
$290,000 | 0.03% |
| Telus Corp. |
57.08%
18,950
|
$287,000 | 0.03% |
| Adobe Systems |
3.85%
500
|
$278,000 | 0.02% |
| Schwab Ttl Stck |
No change
2,982
|
$274,000 | 0.02% |
| HF Sinclair Corporation |
No change
4,400
|
$235,000 | 0.02% |
| Vanguard Wellington |
0.60%
2,998
|
$229,000 | 0.02% |
| Mondelez Intl |
No change
3,500
|
$229,000 | 0.02% |
| Novo-norisk A/s Adr |
Opened
1,575
|
$225,000 | 0.02% |
| Deere & Co. |
Closed
525
|
$216,000 | |
| Spdr S P Midcap |
No change
401
|
$215,000 | 0.02% |
| Elf Beauty |
Opened
1,000
|
$211,000 | 0.02% |
| Invesco Nasdaq |
Opened
1,058
|
$208,000 | 0.02% |
| Innovator Ibd 50 |
Closed
7,450
|
$206,000 | |
| Vanguard S&p 500 |
Opened
406
|
$203,000 | 0.02% |
| TC Energy Corporation |
Closed
5,000
|
$201,000 | |
| Nvn Ca Div Adv Muni |
No change
15,000
|
$173,000 | 0.02% |
| Fate Therapeutics Inc |
No change
18,000
|
$59,000 | 0.01% |
| Vertex Energy Inc |
No change
58,000
|
$55,000 | 0.00% |
| Clean Enrgy Fuel |
No change
13,500
|
$36,000 | 0.00% |
| Tilray Inc |
4.28%
12,180
|
$20,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 133 holdings | |||
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