0001348554-11-000008.txt : 20111025 0001348554-11-000008.hdr.sgml : 20111025 20111024195410 ACCESSION NUMBER: 0001348554-11-000008 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110930 FILED AS OF DATE: 20111025 DATE AS OF CHANGE: 20111024 EFFECTIVENESS DATE: 20111025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GRASSI INVESTMENT MANAGEMENT LLC CENTRAL INDEX KEY: 0001135126 IRS NUMBER: 943350355 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-06441 FILM NUMBER: 111155328 BUSINESS ADDRESS: STREET 1: 1804 NORTH SHORELINE BLVD., SUITE 140 CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 BUSINESS PHONE: 6509340770 MAIL ADDRESS: STREET 1: 1804 NORTH SHORELINE BLVD., SUITE 140 CITY: MOUNTAIN VIEW STATE: CA ZIP: 94043 13F-HR 1 f93011.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F-HR Form 13F COVER PAGE Report for the Calendar Year of Quarter Ended: September 30, 2011 ---------------------------- Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Grassi Investment Management, LLC Address: 1804 North Shoreline Blvd., Ste. 140 Mountain View, CA 94043 Form 13F File Number: 028-06441 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Peter T. Grassi Title: Managing Member Phone: (650) 934-0770 Signature, Place, and Date of Signing: /s/ Peter T. Grassi Mountain View, CA October 12, 2011 --------------- ------------------------ ------------ [Signature] [City, State] [Date] Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Report Summary: Number of Other Included Managers: 0 ------------- Form 13F Information Table Entry Total: 148 ------------- Form 13F Information Table Value Total: $211894 ------------- (thousands) List of Other Included Managers: {None} 2
FORM 13F INFORMATION TABLE Voting Authority VALUE SHARES/ Sh/ Put/InvestmOther NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000PRN AMT Prn CallDscretnManagerSole SharedNone GENERAL MTRS PFD 37045v209 2568 73206SH Sole 73206 3M COMPANY COM 88579Y101 1335 18600SH Sole 18600 ALCOA INC COM 013817101 1033 107902SH Sole 107902 ALTRIA GROUP INC COM 02209S103 3702 138087SH Sole 138087 AMERICAN CAMPUS COM 024835100 711 19100SH Sole 19100 AMERICAN EXPRESS COM 025816109 1327 29545SH Sole 29545 ANNALY CAP MGMT COM 035710409 493 29619SH Sole 29619 APACHE CORP COM 037411105 959 11950SH Sole 11950 APOLLO INVESTMENT COM 03761U106 75 10000SH Sole 10000 APPLE COMPUTER COM 037833100 3412 8947SH Sole 8947 APPLIED MATERIALS COM 038222105 1035 100000SH Sole 100000 AT&T COM 00206r102 2686 94196SH Sole 94196 ATLAS PIPELINE PTNRS COM 049392103 354 11853SH Sole 11853 AVALONBAY COM 053484101 525 4600SH Sole 4600 BANK OF AMERICA COM 060505104 3633 593655SH Sole 300 593355 BLACKSTONE GROUP LP COM 09253u108 1742 145405SH Sole 350 145055 BOARDWALK PIPELINE COM 096627104 751 29300SH Sole 29300 BRANDYWINE REALTY COM 105368203 290 36260SH Sole 36260 BRIDGE BANK NATL COM 108038100 140 14000SH Sole 14000 BRISTOL-MYERS COM 110122108 2431 77476SH Sole 77476 BUCKEYE PARTNERS LP COM 118230101 953 15250SH Sole 15250 BUNGE LIMITED COM 013317810 551 9450SH Sole 9450 CAMDEN PROPERTY TR COM 133131102 669 12100SH Sole 12100 CATERPILLAR COM 149123101 2873 38910SH Sole 38910 CBS CORPORATION COM 124857202 312 15300SH Sole 300 15000 CHARTER OAK BK COM 161258108 0 20500SH Sole 20500 CHESAPEAKE ENERGY COM 165167107 401 15700SH Sole 15700 CHEVRON CORP COM 166764100 5285 57082SH Sole 57082 CITIGROUP INC COM 172967101 1692 66050SH Sole 66050 CITY TELECOM HK COM 178677209 191 20250SH Sole 20250 CLEVELAND-CLIFFS COM 18683K101 1095 21400SH Sole 21400 CLOROX COMPANY COM 189054109 398 6000SH Sole 6000 COMM BK BAY OAKLAND CA COM 203485107 49 30000SH Sole 30000 CONAGRA COM 205887102 1227 50665SH Sole 50665 CONOCOPHILLIPS COM 20825c104 2905 45875SH Sole 45875 CONSOLIDATED EDISON COM COM 209115104 1420 24900SH Sole 24900 COPANO ENERGY COM 217202100 462 15500SH Sole 15500 CORN PRODUCTS INTL COM 219023108 726 18510SH Sole 18510 CSX CORP COM 126408103 2012 107745SH Sole 107745 CUMMINS INC COM 231021106 442 5410SH Sole 5410 DEAN FOODS COM 242370104 89 10000SH Sole 10000 DEERE & CO COM 244199105 3085 47776SH Sole 47776 DENBURY RESOURCES COM 247916208 1323 115050SH Sole 115050 DEUTSCHE TELEKOM COM 251566105 815 68750SH Sole 68750 DEVON ENERGY COM 25179m103 1001 18050SH Sole 18050 DIALOGIC INC COM 25250T100 52 27900SH Sole 27900 DOW CHEMICAL COM 260543103 2745 122236SH Sole 122236 DU PONT EI DE NMRS COM 263534109 3083 77133SH Sole 77133 DUKE REALTY CORP COM 264411505 282 26900SH Sole 26900 EL PASO PIPELINE LP COM 283702108 1822 51353SH Sole 51353 EMC CORPORATION COM 268648102 911 43400SH Sole 43400 ENERGY TRANSFER COM 29273R109 2178 53106SH Sole 53106 ENTERPRISE PRODS COM 293792107 4663 116134SH Sole 116134 EXXON MOBIL CORP COM 30231G102 5179 71312SH Sole 75 71237 FIRST REPUBLIC BANK COM 33616C100 1566 67600SH Sole 67600 FLOWERS FOODS COM 343498101 584 30000SH Sole 30000 FORD MOTOR CO COM 349862300 2403 248550SH Sole 500 248050 FRANKLIN RES COM 354613101 373 3900SH Sole 3900 GAP INC COM 364760108 600 36950SH Sole 36950 GENERAL ELECTRIC COM 369604103 4571 300339SH Sole 300339 GENERAL MILLS INC COM 370334104 1327 34475SH Sole 34475 GENERAL MOTORS CORP COM 370442105 335 16600SH Sole 16600 GLACIER BANCORP COM 37637q105 94 10000SH Sole 10000 HALLIBURTON CO COM 406216101 772 25296SH Sole 25296 HCP, INC. COM 421915109 2587 73800SH Sole 73800 HESS CORPORATION COM 42809H107 320 6100SH Sole 6100 HEWLETT-PACKARD CO COM 428236103 2438 108610SH Sole 108610 HOLLY ENERGY COM 435763107 320 6500SH Sole 6500 HOME DEPOT INC COM 437076102 2408 73250SH Sole 150 73100 HONEYWELL INT'L INC COM 438516106 1984 45183SH Sole 45183 IBM CORPORATION COM 459200101 4290 24533SH Sole 24533 INTEL CORPORATION COM 458140100 1506 70594SH Sole 70594 INTL PAPER COM 460146103 2169 93280SH Sole 93280 ISHARES MSCI JAPAN COM 464286848 1041 110000SH Sole 110000 JACOBS ENGINEERING COM 469814107 203 6300SH Sole 6300 JOHNSON & JOHNSON COM 478160104 3154 49521SH Sole 49521 JP MORGAN CHASE COM 46625H100 1275 42325SH Sole 100 42225 KELLOGG CO COM 487836108 1413 26560SH Sole 26560 KILROY REALTY CORP COM 49427F108 208 6650SH Sole 6650 KIMBERLY CLARK COM 494368103 1290 18163SH Sole 18163 KINDER MORGAN COM 494550106 908 13275SH Sole 13275 KINDER MORGAN INC. COM 49456B101 590 22800SH Sole 22800 KOHLBERG KRAVIS COM 48248M102 2237 215054SH Sole 425 214629 KRAFT FOODS INC A COM 50075N104 349 10380SH Sole 10380 LILLY, ELI & CO COM 532457108 1582 42796SH Sole 42796 LINN ENERGY LLC COM 536020100 804 22554SH Sole 22554 LOCKHEED MARTIN COM 539830109 1205 16595SH Sole 16595 LORILLARD, INC COM 544147101 1736 15682SH Sole 15682 MACERICH CO COM 554382101 467 10959SH Sole 10959 MACY'S INC COM 55616P104 544 20650SH Sole 20650 MAGELLAN COM 559080106 1803 29850SH Sole 29850 MEDCO HLTH SLTNS COM 58405U102 492 10500SH Sole 10500 MERCK & CO INC COM 589331107 1177 36000SH Sole 36000 MICRON TECHNOLOGY COM 595112103 551 109300SH Sole 109300 MICROSOFT CORP COM 594918104 1277 51305SH Sole 51305 MONSANTO COM 61166w101 1751 29160SH Sole 29160 MORGAN STANLEY COM 617446448 601 44500SH Sole 44500 MOSAIC CO COM 61945a107 285 5830SH Sole 5830 NAVIOS MARITIME COM Y62196103 75 23700SH Sole 23700 NESTLE SA COM 641069406 1142 20700SH Sole 20700 NUCOR CORP COM 670346105 1348 42601SH Sole 42601 NUSTAR ENERGY LP COM 67058h102 774 14812SH Sole 14812 ORACLE CORP COM 68389X105 750 26100SH Sole 26100 PEABODY ENERGY CORP COM 704549104 918 27101SH Sole 125 26976 PENGROWTH ENGY CORP COM 706902509 90 10000SH Sole 10000 PEPSICO INC COM 713448108 2292 37027SH Sole 37027 PFIZER INC COM 717081103 1716 97054SH Sole 97054 PHILIP MORRIS INTL COM 718172109 2811 45070SH Sole 45070 PLAINS ALL AM COM 726503105 1831 31077SH Sole 31077 POTASH CORP COM 73755L107 296 6850SH Sole 6850 POWERSHARES QQQ COM 73935A104 215 4096SH Sole 4096 PROCTER & GAMBLE COM 742718109 13763 217833SH Sole 217833 PROLOGIS COM 74340W103 3441 141900SH Sole 141900 QR ENERGY LP COM 74734R108 833 42616SH Sole 42616 REGENCY ENERGY COM 75885y107 1012 45161SH Sole 45161 REYNOLDS AMERICAN COM 761713106 1987 53009SH Sole 53009 RIO TINTO COM 767204100 866 19650SH Sole 19650 ROBERT HALF INTL COM 770323103 849 40000SH Sole 40000 SANDRIDGE MISS TRUST COM 80007T101 1833 81514SH Sole 81514 SANOFI-AVENTIS COM 80105N105 2102 64100SH Sole 64100 SCHLUMBERGER LTD COM 806857108 2879 48200SH Sole 48200 SEADRILL LTD COM 022416162 2726 99014SH Sole 99014 SENIOR HOUSING PROP COM 81721M109 594 27557SH Sole 27557 SIMON PPTY GRP INC COM 828806109 489 4443SH Sole 4443 SOUTHERN CO COM 842587107 1509 35625SH Sole 35625 SPRINT NEXTEL CORP COM 852061100 61 20000SH Sole 20000 TARGA RESOURCES COM 87611x105 2091 63587SH Sole 63587 TARGET CORPORATION COM 87612E106 457 9328SH Sole 9328 TRANSCANADA CORP COM 89353D107 405 10000SH Sole 10000 UNILEVER NV COM 904784709 1102 35000SH Sole 35000 UNION PACIFIC COM 907818108 2633 32245SH Sole 32245 UNITED TECH COM 913017109 809 11496SH Sole 11496 VENTAS INC. COM 92276F100 543 11000SH Sole 11000 VERIZON COMM COM 92343V104 3476 94467SH Sole 94467 VISA INC CL A COM 92826c839 1372 16000SH Sole 16000 VODAFONE GROUP PLC COM 92857w209 2739 106736SH Sole 106736 VORNADO RLTY COM 929042109 481 6441SH Sole 6441 WAL-MART STORES INC COM 931142103 1371 26410SH Sole 26410 WELLS FARGO & CO COM 949746101 4540 188240SH Sole 200 188040 WESTERN GAS COM 958254104 274 8100SH Sole 8100 NUVEEN CA QUALITY COM 670985100 209 14000SH Sole 14000 T ROWE PRICE GRWTH STK FUND COM 741479109 204 7035SH Sole 7035 ISHARES SIlVER 43428Q109 619 21418SH Sole 21418 MARKET VECTORS BUS 57060u605 281 6500SH Sole 6500 PROSHARES ULTRA 20 YR 74347R297 518 26650SH Sole 26650 SPDR DOW JONES IND 78467X109 438 4019.6837SH Sole 4019.7 SPDR GOLD SHARES 78463V107 234 1480SH Sole 1480 US OIL 91232N108 213 7000SH Sole 7000