Grassi Investment Management

Grassi Investment Management as of Sept. 30, 2011

Portfolio Holdings for Grassi Investment Management

Grassi Investment Management holds 148 positions in its portfolio as reported in the September 2011 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Procter & Gamble Company (PG) 6.5 $14M 218k 63.18
Chevron Corporation (CVX) 2.5 $5.3M 57k 92.59
Exxon Mobil Corporation (XOM) 2.4 $5.2M 71k 72.62
Enterprise Products Partners (EPD) 2.2 $4.7M 116k 40.15
General Electric Company 2.2 $4.6M 300k 15.22
Wells Fargo & Company (WFC) 2.1 $4.5M 188k 24.12
International Business Machines (IBM) 2.0 $4.3M 25k 174.87
Altria (MO) 1.8 $3.7M 138k 26.81
Bank of America Corporation (BAC) 1.7 $3.6M 594k 6.12
Verizon Communications (VZ) 1.6 $3.5M 95k 36.80
Prologis (PLD) 1.6 $3.4M 142k 24.25
Apple (AAPL) 1.6 $3.4M 8.9k 381.36
Johnson & Johnson (JNJ) 1.5 $3.2M 50k 63.69
Deere & Company (DE) 1.5 $3.1M 48k 64.57
E.I. du Pont de Nemours & Company 1.4 $3.1M 77k 39.97
ConocoPhillips (COP) 1.4 $2.9M 46k 63.32
Caterpillar (CAT) 1.4 $2.9M 39k 73.84
Schlumberger (SLB) 1.4 $2.9M 48k 59.73
Philip Morris International (PM) 1.3 $2.8M 45k 62.37
Dow Chemical Company 1.3 $2.7M 122k 22.46
Vodafone 1.3 $2.7M 107k 25.66
Seadrill 1.3 $2.7M 99k 27.53
At&t (T) 1.3 $2.7M 94k 28.52
Union Pacific Corporation (UNP) 1.2 $2.6M 32k 81.66
Hcp 1.2 $2.6M 74k 35.05
General Mtrs Co jr pfd cnv srb 1.2 $2.6M 73k 35.08
Bristol Myers Squibb (BMY) 1.1 $2.4M 78k 31.38
Hewlett-Packard Company 1.1 $2.4M 109k 22.45
Home Depot (HD) 1.1 $2.4M 73k 32.87
Forward Industries (FORD) 1.1 $2.4M 249k 9.67
Pepsi (PEP) 1.1 $2.3M 37k 61.90
KKR & Co 1.1 $2.2M 215k 10.40
Energy Transfer Partners 1.0 $2.2M 53k 41.01
International Paper Company (IP) 1.0 $2.2M 93k 23.25
Sanofi-Aventis SA (SNY) 1.0 $2.1M 64k 32.79
Targa Resources Partners 1.0 $2.1M 64k 32.88
CSX Corporation (CSX) 0.9 $2.0M 108k 18.67
Reynolds American 0.9 $2.0M 53k 37.48
Honeywell International (HON) 0.9 $2.0M 45k 43.91
Sandridge Miss Trust (SDTTU) 0.9 $1.8M 82k 22.49
El Paso Pipeline Partners 0.9 $1.8M 51k 35.48
Plains All American Pipeline (PAA) 0.9 $1.8M 31k 58.92
Magellan Midstream Partners 0.8 $1.8M 30k 60.40
Monsanto Company 0.8 $1.8M 29k 60.05
Blackstone 0.8 $1.7M 145k 11.98
Lorillard 0.8 $1.7M 16k 110.70
Pfizer (PFE) 0.8 $1.7M 97k 17.68
Citi 0.8 $1.7M 66k 25.62
Eli Lilly & Co. (LLY) 0.8 $1.6M 43k 36.97
First Republic Bank/san F (FRCB) 0.7 $1.6M 68k 23.17
Intel Corporation (INTC) 0.7 $1.5M 71k 21.33
Southern Company (SO) 0.7 $1.5M 36k 42.36
Consolidated Edison (ED) 0.7 $1.4M 25k 57.03
Kellogg Company (K) 0.7 $1.4M 27k 53.20
Wal-Mart Stores (WMT) 0.7 $1.4M 26k 51.91
Visa (V) 0.7 $1.4M 16k 85.75
Nucor Corporation (NUE) 0.6 $1.3M 43k 31.64
American Express Company (AXP) 0.6 $1.3M 30k 44.91
3M Company (MMM) 0.6 $1.3M 19k 71.77
General Mills (GIS) 0.6 $1.3M 35k 38.49
Denbury Resources 0.6 $1.3M 115k 11.50
Kimberly-Clark Corporation (KMB) 0.6 $1.3M 18k 71.02
Microsoft Corporation (MSFT) 0.6 $1.3M 51k 24.89
JPMorgan Chase & Co. (JPM) 0.6 $1.3M 42k 30.12
ConAgra Foods (CAG) 0.6 $1.2M 51k 24.22
Lockheed Martin Corporation (LMT) 0.6 $1.2M 17k 72.61
Merck & Co 0.6 $1.2M 36k 32.69
Nestle SA Reg Shs. Ser. B Spons (NSRGY) 0.5 $1.1M 21k 55.17
Unilever 0.5 $1.1M 35k 31.49
Cliffs Natural Resources 0.5 $1.1M 21k 51.17
Alcoa 0.5 $1.0M 108k 9.57
Applied Materials (AMAT) 0.5 $1.0M 100k 10.35
iShares MSCI Japan Index 0.5 $1.0M 110k 9.46
Regency Energy Partners 0.5 $1.0M 45k 22.41
Devon Energy Corporation (DVN) 0.5 $1.0M 18k 55.46
Apache Corporation 0.5 $959k 12k 80.25
Buckeye Partners 0.5 $953k 15k 62.49
Peabody Energy Corporation 0.4 $918k 27k 33.87
EMC Corporation 0.4 $911k 43k 20.99
Kinder Morgan Energy Partners 0.4 $908k 13k 68.40
Rio Tinto (RIO) 0.4 $866k 20k 44.07
Robert Half International (RHI) 0.4 $849k 40k 21.22
Qr Energy 0.4 $833k 43k 19.55
United Technologies Corporation 0.4 $809k 12k 70.37
Linn Energy 0.4 $804k 23k 35.65
Deutsche Telekom (DTEGY) 0.4 $815k 69k 11.85
NuStar Energy (NS) 0.4 $774k 15k 52.25
Halliburton Company (HAL) 0.4 $772k 25k 30.52
Oracle Corporation (ORCL) 0.3 $750k 26k 28.74
Boardwalk Pipeline Partners 0.3 $751k 29k 25.63
Corn Products International 0.3 $726k 19k 39.22
American Campus Communities 0.3 $711k 19k 37.23
Camden Property Trust (CPT) 0.3 $669k 12k 55.29
Ishares Silver 0.3 $619k 21k 28.90
Morgan Stanley (MS) 0.3 $601k 45k 13.51
Gap (GPS) 0.3 $600k 37k 16.24
Flowers Foods (FLO) 0.3 $584k 30k 19.47
Senior Housing Properties Trust 0.3 $594k 28k 21.56
Kinder Morgan (KMI) 0.3 $590k 23k 25.88
Macy's (M) 0.3 $544k 21k 26.34
Ventas (VTR) 0.3 $543k 11k 49.36
Micron Technology (MU) 0.3 $551k 109k 5.04
Bunge 0.3 $551k 9.5k 58.31
AvalonBay Communities (AVB) 0.2 $525k 4.6k 114.13
ProShares UltraShort 20+ Year Trea 0.2 $518k 27k 19.44
Annaly Capital Management 0.2 $493k 30k 16.64
Medco Health Solutions 0.2 $492k 11k 46.86
Vornado Realty Trust (VNO) 0.2 $481k 6.4k 74.68
Simon Property (SPG) 0.2 $489k 4.4k 110.06
Target Corporation (TGT) 0.2 $457k 9.3k 48.99
Copano Energy 0.2 $462k 16k 29.81
Macerich Company (MAC) 0.2 $467k 11k 42.61
Cummins (CMI) 0.2 $442k 5.4k 81.70
SPDR Dow Jones Industrial Average ETF (DIA) 0.2 $438k 4.0k 108.96
Clorox Company (CLX) 0.2 $398k 6.0k 66.33
Chesapeake Energy Corporation 0.2 $401k 16k 25.54
Transcanada Corp 0.2 $405k 10k 40.50
Franklin Resources (BEN) 0.2 $373k 3.9k 95.64
Atlas Pipeline Partners 0.2 $354k 12k 29.87
Kraft Foods 0.2 $349k 10k 33.62
General Motors Corp 0.2 $335k 17k 20.18
CBS Corporation 0.1 $312k 15k 20.39
Hess (HES) 0.1 $320k 6.1k 52.46
Holly Energy Partners 0.1 $320k 6.5k 49.23
Potash Corp. Of Saskatchewan I 0.1 $296k 6.9k 43.21
Brandywine Realty Trust (BDN) 0.1 $290k 36k 8.00
Western Gas Partners 0.1 $274k 8.1k 33.83
Mosaic Company 0.1 $285k 5.8k 48.89
Duke Realty Corporation 0.1 $282k 27k 10.48
Market Vectors Agribusiness 0.1 $281k 6.5k 43.23
SPDR Gold Trust (GLD) 0.1 $234k 1.5k 158.11
Jacobs Engineering 0.1 $203k 6.3k 32.22
United States Oil Fund 0.1 $213k 7.0k 30.43
Kilroy Realty Corporation (KRC) 0.1 $208k 6.7k 31.28
PowerShares QQQ Trust, Series 1 0.1 $215k 4.1k 52.49
T. Rowe Price Growth Stock Fun (PRGFX) 0.1 $204k 7.0k 29.00
Nuveen California Quality Inc' Mun. Fund 0.1 $209k 14k 14.93
City Tele 0.1 $191k 20k 9.43
Bridge Bank Natl 0.1 $140k 14k 10.00
Dean Foods Company 0.0 $89k 10k 8.90
Glacier Ban (GBCI) 0.0 $94k 10k 9.40
NAVIOS MARITIME HOLDINGS INC Com Stk 0.0 $75k 24k 3.16
Apollo Investment 0.0 $75k 10k 7.50
Pengrowth Energy Tr 0.0 $90k 10k 9.00
Sprint Nextel Corporation 0.0 $61k 20k 3.05
Dialogic (DLGC) 0.0 $52k 28k 1.86
Comm Bk Bay Oakland Ca 0.0 $49k 30k 1.63
Charter Oak Bk Napa Ca 0.0 $0 21k 0.00