Griffin Asset Management, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 25, 2025), Griffin Asset Management, Inc. reported 207 stock positions worth $846.8 million. Its top holding was Universal Display (OLED) at 4.9% of the portfolio, followed by Microsoft (MSFT, 4.6%) and Apple (AAPL, 4.3%). Compared with Q1 2025, it opened 22 new positions, sold out of 14, added to 62 and reduced 95. The biggest buy was Goldman Sachs (GS, shares +3%) and the biggest sale Universal Display (OLED, shares −38%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0000883803
- Portfolio Value
- $846.8M (Q2 2025)
- SEC Filing
- 0001941040-25-000359 ↗ filed Jul 25, 2025
Holdings Value
Holdings 207 stocks · $846.8M
| OLED Universal Display Corp. | 4.92% | 269,628 | $41.6M | Reduce -37.7% |
| MSFT Microsoft Corp. | 4.60% | 78,385 | $39.0M | Reduce -2.4% |
| AAPL Apple Inc. | 4.27% | 176,394 | $36.2M | Reduce -1.0% |
| JPM JPMorgan Chase & Co. | 2.29% | 66,796 | $19.4M | Add +4.2% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.12% | 145,504 | $18.0M | Reduce -0.6% |
| V Visa Inc. Class A | 2.12% | 50,570 | $18.0M | Reduce -1.2% |
| WFC Wells Fargo & Co. | 2.07% | 219,251 | $17.6M | Reduce -1.7% |
| ASML ASML Holding NV-NY Reg SHS | 2.01% | 21,191 | $17.0M | Add +3.5% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.90% | 339,304 | $16.1M | Add +0.3% |
| AMZN Amazon.com Inc. | 1.78% | 68,680 | $15.1M | Reduce -2.8% |
| ABBV Abbvie Inc. | 1.76% | 80,135 | $14.9M | Reduce -1.7% |
| WMT Walmart Inc. | 1.75% | 151,360 | $14.8M | Reduce -1.4% |
| HD Home Depot Inc. | 1.74% | 40,228 | $14.7M | Reduce -1.4% |
| GS Goldman Sachs Group Inc. | 1.71% | 20,417 | $14.5M | Add +2.8% |
| AXP American Express Co. | 1.60% | 42,365 | $13.5M | Reduce -1.7% |
| NVDA Nvidia Corp. | 1.54% | 82,403 | $13.0M | Reduce -1.6% |
| BX Blackstone Inc. | 1.45% | 82,360 | $12.3M | Add +24.8% |
| JNJ Johnson & Johnson | 1.45% | 80,133 | $12.2M | Reduce -1.6% |
| ORCL Oracle Corp. | 1.44% | 55,750 | $12.2M | Reduce -0.6% |
| RTX RTX Corp. | 1.33% | 77,368 | $11.3M | Reduce -2.6% |
| HON Honeywell International Inc. | 1.33% | 48,344 | $11.3M | Reduce -1.1% |
| APD Air Products & Chemicals Inc. | 1.31% | 39,267 | $11.1M | Reduce -1.6% |
| QCOM Qualcomm Inc. | 1.30% | 69,241 | $11.0M | Reduce -0.7% |
| KO The Coca-Cola Co. | 1.26% | 150,441 | $10.6M | Reduce -2.0% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.26% | 85,759 | $10.6M | Reduce -1.0% |
| SBUX Starbucks Corp. | 1.24% | 114,223 | $10.5M | Reduce -0.5% |
| CVX Chevron Corp. | 1.20% | 71,260 | $10.2M | Reduce -0.9% |
| DHR Danaher Corp. | 1.16% | 49,889 | $9.9M | Reduce -1.6% |
| DOV Dover Corp. | 1.15% | 53,251 | $9.8M | Reduce -0.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.12% | 13 | $9.5M | No change |
| GOOGL Alphabet Inc. Class A | 1.07% | 51,551 | $9.1M | Add +3.4% |
| ACN Accenture PLC Class A | 1.04% | 29,492 | $8.8M | Add +2.8% |
| QQQ Invesco QQQ Trust Series 1 | 1.04% | 15,948 | $8.8M | Reduce -0.1% |
| XOM Exxon Mobil Corp. | 1.02% | 80,409 | $8.7M | Reduce -0.2% |
| MRK Merck & Co. Inc. | 1.00% | 107,021 | $8.5M | Reduce -1.2% |
| COST Costco Wholesale Corp. | 0.96% | 8,187 | $8.1M | Reduce -3.1% |
| CAT Caterpillar Inc. | 0.95% | 20,644 | $8.0M | Add +20.5% |
| ABT Abbott Laboratories | 0.95% | 58,913 | $8.0M | Reduce -1.7% |
| TGT Target Corp. | 0.79% | 67,473 | $6.7M | Reduce -3.1% |
| MMM 3M Co. | 0.78% | 43,381 | $6.6M | Add +27.3% |
| CR Crane Co. | 0.74% | 32,899 | $6.2M | Add +0.0% |
| GOOG Alphabet Inc. Class C | 0.70% | 33,468 | $5.9M | Reduce -15.4% |
| ITW Illinois Tool Works | 0.67% | 23,096 | $5.7M | Reduce -3.4% |
| PG The Procter & Gamble Co. | 0.66% | 34,824 | $5.5M | Reduce -2.6% |
| GEV GE Vernova Inc. | 0.65% | 10,425 | $5.5M | Add +0.0% |
| AMLP Alerian MLP ETF | 0.64% | 111,703 | $5.5M | Add +23.9% |
| META Meta Platforms Inc. Class A | 0.63% | 7,242 | $5.3M | Reduce -1.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.63% | 10,896 | $5.3M | Reduce -2.7% |
| ZTS Zoetis Inc. | 0.61% | 32,908 | $5.1M | Reduce -0.6% |
| AVGO Broadcom Inc. | 0.60% | 18,396 | $5.1M | Reduce -1.5% |
| UBER Uber Technologies Inc. | 0.58% | 52,817 | $4.9M | Add +7.3% |
| BR Broadridge Financial Solutio | 0.57% | 19,908 | $4.8M | Reduce -0.4% |
| TFC Truist Financial Corp. | 0.54% | 106,299 | $4.6M | Reduce -0.2% |
| C Citigroup Inc. | 0.54% | 53,673 | $4.6M | Add +71.3% |
| GE General Electric filed as GE AEROSPACE | 0.53% | 17,516 | $4.5M | Reduce -1.0% |
| UNH Unitedhealth Group Inc. | 0.51% | 13,939 | $4.3M | Reduce -17.8% |
| SHEL Shell PLC-ADR | 0.50% | 60,058 | $4.2M | Reduce -1.8% |
| MELI MercadoLibre Inc. | 0.49% | 1,600 | $4.2M | Reduce -19.8% |
| PM Philip Morris International | 0.49% | 22,821 | $4.2M | Add +0.2% |
| VRSK Verisk Analytics Inc. | 0.47% | 12,681 | $4.0M | Reduce -1.0% |
| ENB Enbridge Inc. | 0.45% | 84,583 | $3.8M | Reduce -5.8% |
| COP Conocophillips | 0.45% | 42,437 | $3.8M | Reduce -0.2% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.45% | 51,725 | $3.8M | Reduce -2.8% |
| ULTA Ulta Beauty Inc. | 0.45% | 8,089 | $3.8M | Reduce -27.8% |
| TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC | 0.43% | 50,594 | $3.6M | Reduce -18.7% |
| VZ Verizon Communications Inc. | 0.42% | 82,345 | $3.6M | Add +0.8% |
| RPM RPM International Inc. | 0.41% | 31,827 | $3.5M | Reduce -0.5% |
| UNP Union Pacific Corp. | 0.41% | 15,150 | $3.5M | Add +0.9% |
| MS Morgan Stanley | 0.41% | 24,623 | $3.5M | Add +0.9% |
| PLSE Pulse Biosciences Inc. | 0.41% | 229,659 | $3.5M | Reduce -1.7% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.41% | 11,668 | $3.4M | Reduce -9.6% |
| BMY Bristol-Myers Squibb Co. | 0.39% | 71,867 | $3.3M | Reduce -0.4% |
| SNA Snap-on Inc. | 0.39% | 10,615 | $3.3M | Reduce -0.1% |
| PFE Pfizer Inc. | 0.37% | 128,800 | $3.1M | Add +18.5% |
| COF Capital One Financial Corp. | 0.37% | 14,633 | $3.1M | New |
| SHW The Sherwin-Williams Co. | 0.36% | 8,972 | $3.1M | Reduce -0.2% |
| CB Chubb Ltd. | 0.35% | 10,123 | $2.9M | Reduce -1.1% |
| FCX Freeport-McMoran Inc. | 0.35% | 67,574 | $2.9M | Reduce -21.9% |
| WM Waste Management Inc. | 0.34% | 12,640 | $2.9M | Reduce -0.1% |
| T AT&T Inc. | 0.34% | 98,644 | $2.9M | Reduce -10.1% |
| VRTX Vertex Pharmaceuticals Inc. | 0.34% | 6,408 | $2.9M | Reduce -20.1% |
| GGG Graco Inc. | 0.33% | 32,653 | $2.8M | Reduce -0.7% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.31% | 7,284 | $2.7M | Add +92.5% |
| SYY Sysco Corp. | 0.31% | 34,323 | $2.6M | Reduce -0.9% |
| PAYX Paychex Inc. | 0.30% | 17,718 | $2.6M | Add +0.2% |
| SMMT Summit Therapeutics Inc. | 0.30% | 119,382 | $2.5M | Add +1.9% |
| EMR Emerson Electric Co. | 0.30% | 18,778 | $2.5M | Reduce -0.8% |
| LHX L3HARRIS Technologies Inc. | 0.29% | 9,890 | $2.5M | Add +0.2% |
| UPS United Parcel Service Class B | 0.29% | 24,534 | $2.5M | Reduce -4.0% |
| TRI Thomson Reuters Corp. | 0.29% | 12,181 | $2.4M | Add +0.2% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.28% | 71,305 | $2.4M | Add +0.2% |
| MCD McDonald's Corp. | 0.27% | 7,934 | $2.3M | Reduce -4.3% |
| FDX FedEx Corp. | 0.27% | 10,185 | $2.3M | Reduce -1.7% |
| IBKR Interactive Brokers Gro Class A | 0.26% | 40,284 | $2.2M | Add +196.2% |
| CI The Cigna Group | 0.26% | 6,635 | $2.2M | Reduce -1.5% |
| PLD Prologis Inc. | 0.25% | 20,049 | $2.1M | Add +352.6% |
| IVV iShares Core S&P 500 ETF | 0.24% | 3,322 | $2.1M | Reduce -2.9% |
| WPC WP Carey Inc. | 0.24% | 32,236 | $2.0M | Add +0.6% |
| GD General Dynamics Corp. | 0.24% | 6,846 | $2.0M | Add +1.4% |
| IBIT iShares Bitcoin Trust ETF | 0.23% | 32,333 | $2.0M | Add +13.5% |
Portfolio Sells Q1 2025 → Q2 2025
| OLED Universal Display Corp. | Reduce -37.7% | 4.92% | −2.47 |
| UNH Unitedhealth Group Inc. | Reduce -17.8% | 0.51% | −0.57 |
| AAPL Apple Inc. | Reduce -1.0% | 4.27% | −0.57 |
| MTDR Matador Resources Co. | Sold out | 0.00% | −0.36 |
| ABBV Abbvie Inc. | Reduce -1.7% | 1.76% | −0.34 |
| LMT Lockheed Martin Corp. | Reduce -67.3% | 0.16% | −0.33 |
| DFS Discover Financial Services | Sold out | 0.00% | −0.30 |
| CVX Chevron Corp. | Reduce -0.9% | 1.20% | −0.27 |
| JNJ Johnson & Johnson | Reduce -1.6% | 1.45% | −0.21 |
| MRK Merck & Co. Inc. | Reduce -1.2% | 1.00% | −0.19 |
| XOM Exxon Mobil Corp. | Reduce -0.2% | 1.02% | −0.15 |
| BMY Bristol-Myers Squibb Co. | Reduce -0.4% | 0.39% | −0.15 |
| SBUX Starbucks Corp. | Reduce -0.5% | 1.24% | −0.14 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -20.1% | 0.34% | −0.14 |
| APD Air Products & Chemicals Inc. | Reduce -1.6% | 1.31% | −0.13 |
| DHR Danaher Corp. | Reduce -1.6% | 1.16% | −0.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -2.7% | 0.63% | −0.10 |
| TGT Target Corp. | Reduce -3.1% | 0.79% | −0.10 |
| COP Conocophillips | Reduce -0.2% | 0.45% | −0.10 |
| USB US Bancorp | Reduce -70.2% | 0.04% | −0.09 |
| PG The Procter & Gamble Co. | Reduce -2.6% | 0.66% | −0.09 |
| KO The Coca-Cola Co. | Reduce -2.0% | 1.26% | −0.09 |
| HD Home Depot Inc. | Reduce -1.4% | 1.74% | −0.09 |
| V Visa Inc. Class A | Reduce -1.2% | 2.12% | −0.08 |
| AXDXQ Accelerate Diagnostics Inc. | Sold out | 0.00% | −0.07 |
| APA Apa Corp. | Sold out | 0.00% | −0.07 |
| NXPI NXP Semiconductors NV | Sold out | 0.00% | −0.06 |
| TJX TJX Companies Inc. | Reduce -0.6% | 2.12% | −0.06 |
| ZTS Zoetis Inc. | Reduce -0.6% | 0.61% | −0.06 |
| GEHC GE Healthcare Technology | Sold out | 0.00% | −0.06 |
| ULTA Ulta Beauty Inc. | Reduce -27.8% | 0.45% | −0.06 |
| GOOG Alphabet Inc. Class C | Reduce -15.4% | 0.70% | −0.06 |
| FCX Freeport-McMoran Inc. | Reduce -21.9% | 0.35% | −0.06 |
| UPS United Parcel Service Class B | Reduce -4.0% | 0.29% | −0.05 |
| ITW Illinois Tool Works | Reduce -3.4% | 0.67% | −0.05 |
| PLSE Pulse Biosciences Inc. | Reduce -1.7% | 0.41% | −0.05 |
| SHEL Shell PLC-ADR | Reduce -1.8% | 0.50% | −0.05 |
| SNA Snap-on Inc. | Reduce -0.1% | 0.39% | −0.05 |
| KVUE Kenvue Inc. | Sold out | 0.00% | −0.05 |
| MCD McDonald's Corp. | Reduce -4.3% | 0.27% | −0.04 |
| T AT&T Inc. | Reduce -10.1% | 0.34% | −0.04 |
| NNOX Nano-X Imaging Ltd. | Reduce -36.0% | 0.07% | −0.04 |
| RPM RPM International Inc. | Reduce -0.5% | 0.41% | −0.04 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -45.4% | 0.12% | −0.04 |
| FDX FedEx Corp. | Reduce -1.7% | 0.27% | −0.04 |
| KMI Kinder Morgan Inc. | Reduce -19.9% | 0.14% | −0.04 |
| ENB Enbridge Inc. | Reduce -5.8% | 0.45% | −0.03 |
| CB Chubb Ltd. | Reduce -1.1% | 0.35% | −0.03 |
| CRM Salesforce Inc. | Reduce -30.3% | 0.07% | −0.03 |
| PYPL PayPal Holdings Inc. | Sold out | 0.00% | −0.03 |
Portfolio Buys Q1 2025 → Q2 2025
| GS Goldman Sachs Group Inc. | Add +2.8% | 1.71% | +0.38 |
| COF Capital One Financial Corp. | New | 0.37% | +0.37 |
| JPM JPMorgan Chase & Co. | Add +4.2% | 2.29% | +0.36 |
| ASML ASML Holding NV-NY Reg SHS | Add +3.5% | 2.01% | +0.35 |
| BX Blackstone Inc. | Add +24.8% | 1.45% | +0.33 |
| C Citigroup Inc. | Add +71.3% | 0.54% | +0.27 |
| GEV GE Vernova Inc. | Add +0.0% | 0.65% | +0.26 |
| CAT Caterpillar Inc. | Add +20.5% | 0.95% | +0.25 |
| URI United Rentals Inc. | New | 0.20% | +0.20 |
| IBKR Interactive Brokers Gro Class A | Add +196.2% | 0.26% | +0.19 |
| PLD Prologis Inc. | Add +352.6% | 0.25% | +0.19 |
| BLK BlackRock Inc. | New | 0.18% | +0.18 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +92.5% | 0.31% | +0.17 |
| ORLY O'reilly Automotive Inc. | New | 0.17% | +0.17 |
| BAC Bank of America Corp. | Add +0.3% | 1.90% | +0.17 |
| MMM 3M Co. | Add +27.3% | 0.78% | +0.17 |
| UBER Uber Technologies Inc. | Add +7.3% | 0.58% | +0.14 |
| VGT Vanguard Info Tech ETF | Add +126.0% | 0.21% | +0.13 |
| GOOGL Alphabet Inc. Class A | Add +3.4% | 1.07% | +0.13 |
| CR Crane Co. | Add +0.0% | 0.74% | +0.12 |
| BKSY Blacksky Technology Inc. | Add +12.4% | 0.12% | +0.08 |
| AMLP Alerian MLP ETF | Add +23.9% | 0.64% | +0.07 |
| IBIT iShares Bitcoin Trust ETF | Add +13.5% | 0.23% | +0.07 |
| IVES Dan Wedbush AI Rev ETF | New | 0.07% | +0.07 |
| CLOZ Eldridge BBB-B Clo ETF | New | 0.07% | +0.07 |
| MS Morgan Stanley | Add +0.9% | 0.41% | +0.06 |
| CLOX Eldridge Aaa Clo ETF | Add +122.2% | 0.10% | +0.05 |
| TSLA Tesla Inc. | Add +12.0% | 0.21% | +0.05 |
| PM Philip Morris International | Add +0.2% | 0.49% | +0.05 |
| HACK Amplify Cybersecurity ETF | Add +53.3% | 0.10% | +0.04 |
| WHR Whirlpool Corp. | New | 0.04% | +0.04 |
| UTF Cohen & Steers Infrastructur | New | 0.04% | +0.04 |
| LHX L3HARRIS Technologies Inc. | Add +0.2% | 0.29% | +0.04 |
| TRI Thomson Reuters Corp. | Add +0.2% | 0.29% | +0.03 |
| PFE Pfizer Inc. | Add +18.5% | 0.37% | +0.03 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | New | 0.03% | +0.03 |
| GPCR Structure Therapeutics Inc. | New | 0.03% | +0.03 |
| EWZS iShares MSCI Brazil Small-Ca | New | 0.03% | +0.03 |
| EWA iShares MSCI Australia ETF | New | 0.03% | +0.03 |
| EWK iShares MSCI Belgium ETF | New | 0.03% | +0.03 |
| XLE SS Energy Select Sector | New | 0.03% | +0.03 |
| VOT Vngrd Mrngstr MC GRW ETF-Usd | New | 0.03% | +0.03 |
| IYW iShares Ustechnology ETF | New | 0.03% | +0.03 |
| BIPC Brookfield Infrastructure-A | New | 0.03% | +0.03 |
| ALV Autoliv Inc. | New | 0.02% | +0.02 |
| ALLE Allegion PLC | New | 0.02% | +0.02 |
| QQQX Nuveen Nasdaq 100 DYN Overwr | New | 0.02% | +0.02 |
| SMMT Summit Therapeutics Inc. | Add +1.9% | 0.30% | +0.02 |
| ACHR Archer Aviation Inc. Class A | New | 0.02% | +0.02 |
| SBSW Sibanye-Stillwater Ltd.-ADR | New | 0.02% | +0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 245 | $948.9M | AAPL, ASML, MSFT, GOOGL, JPM |
| Q1 2026 | 228 | $886.6M | AAPL, MSFT, ASML, TJX, JPM |
| Q4 2025 | 234 | $924.3M | AAPL, MSFT, OLED, ASML, TJX |
| Q3 2025 | 224 | $890.0M | AAPL, MSFT, OLED, TJX, JPM |
| Q2 2025 | 207 | $846.8M | OLED, MSFT, AAPL, JPM, TJX |
| Q1 2025 | 199 | $816.9M | OLED, AAPL, MSFT, V, TJX |
| Q4 2024 | 212 | $851.1M | OLED, AAPL, MSFT, TJX, WFC |
| Q3 2024 | 211 | $894.0M | OLED, AAPL, MSFT, TJX, HD |
| Q2 2024 | 213 | $863.3M | OLED, AAPL, MSFT, ASML, TJX |
| Q1 2024 | 217 | $838.5M | OLED, MSFT, AAPL, ASML, HD |