Griffin Asset Management, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 16, 2025), Griffin Asset Management, Inc. reported 224 stock positions worth $890.0 million. Its top holding was Apple (AAPL) at 5.0% of the portfolio, followed by Microsoft (MSFT, 4.5%) and Universal Display (OLED, 4.3%). Compared with Q2 2025, it opened 28 new positions, sold out of 11, added to 83 and reduced 90. The biggest buy was Alphabet Class A (GOOGL, shares +14%) and the biggest sale Universal Display (OLED, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0000883803
- Portfolio Value
- $890.0M (Q3 2025)
- SEC Filing
- 0001941040-25-000553 ↗ filed Oct 16, 2025
Holdings Value
Holdings 224 stocks · $890.0M
| AAPL Apple Inc. | 4.97% | 173,540 | $44.2M | Reduce -1.6% |
| MSFT Microsoft Corp. | 4.53% | 77,795 | $40.3M | Reduce -0.8% |
| OLED Universal Display Corp. | 4.35% | 269,275 | $38.7M | Reduce -0.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 2.36% | 145,227 | $21.0M | Reduce -0.2% |
| JPM JPMorgan Chase & Co. | 2.34% | 65,939 | $20.8M | Reduce -1.3% |
| ASML ASML Holding NV-NY Reg SHS | 2.29% | 21,045 | $20.4M | Reduce -0.7% |
| ABBV Abbvie Inc. | 2.09% | 80,195 | $18.6M | Add +0.1% |
| WFC Wells Fargo & Co. | 2.06% | 219,251 | $18.4M | No change |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 1.98% | 340,846 | $17.6M | Add +0.5% |
| V Visa Inc. Class A | 1.94% | 50,489 | $17.2M | Reduce -0.2% |
| HD Home Depot Inc. | 1.85% | 40,563 | $16.4M | Add +0.8% |
| NVDA Nvidia Corp. | 1.70% | 80,905 | $15.1M | Reduce -1.8% |
| AMZN Amazon.com Inc. | 1.68% | 68,058 | $14.9M | Reduce -0.9% |
| WMT Walmart Inc. | 1.66% | 143,636 | $14.8M | Reduce -5.1% |
| GS Goldman Sachs Group Inc. | 1.66% | 18,516 | $14.7M | Reduce -9.3% |
| JNJ Johnson & Johnson | 1.64% | 78,874 | $14.6M | Reduce -1.6% |
| GOOGL Alphabet Inc. Class A | 1.60% | 58,731 | $14.3M | Add +13.9% |
| ORCL Oracle Corp. | 1.60% | 50,493 | $14.2M | Reduce -9.4% |
| BX Blackstone Inc. | 1.59% | 82,691 | $14.1M | Add +0.4% |
| AXP American Express Co. | 1.57% | 41,952 | $13.9M | Reduce -1.0% |
| RTX RTX Corp. | 1.46% | 77,688 | $13.0M | Add +0.4% |
| QCOM Qualcomm Inc. | 1.30% | 69,336 | $11.5M | Add +0.1% |
| CVX Chevron Corp. | 1.24% | 70,798 | $11.0M | Reduce -0.7% |
| HON Honeywell International Inc. | 1.14% | 48,174 | $10.1M | Reduce -0.3% |
| DHR Danaher Corp. | 1.11% | 49,912 | $9.9M | Add +0.1% |
| CAT Caterpillar Inc. | 1.11% | 20,657 | $9.9M | Add +0.1% |
| KO The Coca-Cola Co. | 1.11% | 148,560 | $9.9M | Reduce -1.3% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 1.11% | 85,959 | $9.8M | Add +0.2% |
| BRK.A Berkshire Hathaway Inc. Class A | 1.10% | 13 | $9.8M | No change |
| SBUX Starbucks Corp. | 1.08% | 113,634 | $9.6M | Reduce -0.5% |
| APD Air Products & Chemicals Inc. | 1.07% | 34,892 | $9.5M | Reduce -11.1% |
| QQQ Invesco QQQ Trust Series 1 | 1.06% | 15,668 | $9.4M | Reduce -1.8% |
| XOM Exxon Mobil Corp. | 1.00% | 79,310 | $8.9M | Reduce -1.4% |
| MRK Merck & Co. Inc. | 1.00% | 106,449 | $8.9M | Reduce -0.5% |
| DOV Dover Corp. | 1.00% | 53,477 | $8.9M | Add +0.4% |
| ACN Accenture PLC Class A | 0.94% | 33,793 | $8.3M | Add +14.6% |
| GOOG Alphabet Inc. Class C | 0.91% | 33,229 | $8.1M | Reduce -0.7% |
| ABT Abbott Laboratories | 0.89% | 59,389 | $8.0M | Add +0.8% |
| MMM 3M Co. | 0.86% | 49,267 | $7.6M | Add +13.6% |
| COST Costco Wholesale Corp. | 0.85% | 8,135 | $7.5M | Reduce -0.6% |
| GEV GE Vernova Inc. | 0.71% | 10,312 | $6.3M | Reduce -1.1% |
| TGT Target Corp. | 0.69% | 68,307 | $6.1M | Add +1.2% |
| AVGO Broadcom Inc. | 0.68% | 18,397 | $6.1M | Add +0.0% |
| ITW Illinois Tool Works | 0.68% | 23,156 | $6.0M | Add +0.3% |
| CR Crane Co. | 0.67% | 32,379 | $6.0M | Reduce -1.6% |
| UNH Unitedhealth Group Inc. | 0.62% | 16,059 | $5.5M | Add +15.2% |
| AMLP Alerian MLP ETF | 0.62% | 117,178 | $5.5M | Add +4.9% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.61% | 10,886 | $5.5M | Reduce -0.1% |
| C Citigroup Inc. | 0.61% | 53,432 | $5.4M | Reduce -0.5% |
| META Meta Platforms Inc. Class A | 0.60% | 7,263 | $5.3M | Add +0.3% |
| UBER Uber Technologies Inc. | 0.59% | 53,911 | $5.3M | Add +2.1% |
| GE General Electric filed as GE AEROSPACE | 0.59% | 17,414 | $5.2M | Reduce -0.6% |
| PG The Procter & Gamble Co. | 0.58% | 33,835 | $5.2M | Reduce -2.8% |
| TFC Truist Financial Corp. | 0.54% | 104,976 | $4.8M | Reduce -1.2% |
| BR Broadridge Financial Solutio | 0.54% | 20,066 | $4.8M | Add +0.8% |
| ZTS Zoetis Inc. | 0.52% | 31,372 | $4.6M | Reduce -4.7% |
| ULTA Ulta Beauty Inc. | 0.50% | 8,134 | $4.4M | Add +0.6% |
| SHEL Shell PLC-ADR | 0.48% | 60,081 | $4.3M | Add +0.0% |
| ENB Enbridge Inc. | 0.48% | 84,220 | $4.2M | Reduce -0.4% |
| PLSE Pulse Biosciences Inc. | 0.45% | 227,312 | $4.0M | Reduce -1.0% |
| COP Conocophillips | 0.45% | 42,367 | $4.0M | Reduce -0.2% |
| MS Morgan Stanley | 0.45% | 25,192 | $4.0M | Add +2.3% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 0.45% | 51,725 | $4.0M | No change |
| MELI MercadoLibre Inc. | 0.43% | 1,650 | $3.9M | Add +3.1% |
| RPM RPM International Inc. | 0.42% | 31,828 | $3.8M | Add +0.0% |
| VZ Verizon Communications Inc. | 0.41% | 83,995 | $3.7M | Add +2.0% |
| SNA Snap-on Inc. | 0.41% | 10,615 | $3.7M | No change |
| UNP Union Pacific Corp. | 0.41% | 15,541 | $3.7M | Add +2.6% |
| PFE Pfizer Inc. | 0.41% | 143,084 | $3.6M | Add +11.1% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.37% | 11,675 | $3.3M | Add +0.1% |
| VRSK Verisk Analytics Inc. | 0.36% | 12,706 | $3.2M | Add +0.2% |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | 0.36% | 7,858 | $3.2M | Add +7.9% |
| COF Capital One Financial Corp. | 0.35% | 14,697 | $3.1M | Add +0.4% |
| SHW The Sherwin-Williams Co. | 0.35% | 8,963 | $3.1M | Reduce -0.1% |
| LHX L3HARRIS Technologies Inc. | 0.34% | 9,977 | $3.0M | Add +0.9% |
| BMY Bristol-Myers Squibb Co. | 0.34% | 67,226 | $3.0M | Reduce -6.5% |
| SMMT Summit Therapeutics Inc. | 0.33% | 140,282 | $2.9M | Add +17.5% |
| CB Chubb Ltd. | 0.32% | 10,228 | $2.9M | Add +1.0% |
| VGT Vanguard Info Tech ETF | 0.32% | 3,857 | $2.9M | Add +43.5% |
| WM Waste Management Inc. | 0.32% | 12,740 | $2.8M | Add +0.8% |
| GGG Graco Inc. | 0.31% | 32,654 | $2.8M | Add +0.0% |
| IBKR Interactive Brokers Gro Class A | 0.31% | 40,284 | $2.8M | No change |
| T AT&T Inc. | 0.30% | 95,385 | $2.7M | Reduce -3.3% |
| EMR Emerson Electric Co. | 0.28% | 19,015 | $2.5M | Add +1.3% |
| VRTX Vertex Pharmaceuticals Inc. | 0.27% | 6,220 | $2.4M | Reduce -2.9% |
| GD General Dynamics Corp. | 0.27% | 7,098 | $2.4M | Add +3.7% |
| TSLA Tesla Inc. | 0.27% | 5,432 | $2.4M | Reduce -0.8% |
| FDX FedEx Corp. | 0.27% | 10,220 | $2.4M | Add +0.3% |
| MCD McDonald's Corp. | 0.27% | 7,921 | $2.4M | Reduce -0.2% |
| SLB SLB Ltd. filed as SCHLUMBERGER LTD | 0.27% | 69,350 | $2.4M | Reduce -2.7% |
| PAYX Paychex Inc. | 0.26% | 17,986 | $2.3M | Add +1.5% |
| SYY Sysco Corp. | 0.25% | 27,323 | $2.2M | Reduce -20.4% |
| UPS United Parcel Service Class B | 0.25% | 26,909 | $2.2M | Add +9.7% |
| IVV iShares Core S&P 500 ETF | 0.25% | 3,313 | $2.2M | Reduce -0.3% |
| SHOP Shopify Inc. Class A | 0.25% | 14,769 | $2.2M | Reduce -0.3% |
| PLD Prologis Inc. | 0.24% | 18,967 | $2.2M | Reduce -5.4% |
| URI United Rentals Inc. | 0.24% | 2,237 | $2.1M | Reduce -1.3% |
| HIG Hartford Insurance Group Inc. | 0.23% | 15,580 | $2.1M | Add +0.9% |
| VMC Vulcan Materials Co. | 0.23% | 6,668 | $2.1M | Add +2.9% |
| CI The Cigna Group | 0.22% | 6,816 | $2.0M | Add +2.7% |
Portfolio Sells Q2 2025 → Q3 2025
| OLED Universal Display Corp. | Reduce -0.1% | 4.35% | −0.57 |
| PM Philip Morris International | Reduce -67.7% | 0.13% | −0.36 |
| FCX Freeport-McMoran Inc. | Sold out | 0.00% | −0.35 |
| APD Air Products & Chemicals Inc. | Reduce -11.1% | 1.07% | −0.24 |
| TTD Trade Desk Inc./the Class A | Reduce -30.3% | 0.19% | −0.24 |
| HON Honeywell International Inc. | Reduce -0.3% | 1.14% | −0.19 |
| V Visa Inc. Class A | Reduce -0.2% | 1.94% | −0.18 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.16 |
| SBUX Starbucks Corp. | Reduce -0.5% | 1.08% | −0.16 |
| KO The Coca-Cola Co. | Reduce -1.3% | 1.11% | −0.15 |
| ARCC Ares Capital Corp. | Reduce -68.3% | 0.05% | −0.13 |
| COST Costco Wholesale Corp. | Reduce -0.6% | 0.85% | −0.11 |
| AMZN Amazon.com Inc. | Reduce -0.9% | 1.68% | −0.10 |
| ZTS Zoetis Inc. | Reduce -4.7% | 0.52% | −0.09 |
| WMT Walmart Inc. | Reduce -5.1% | 1.66% | −0.08 |
| MSFT Microsoft Corp. | Reduce -0.8% | 4.53% | −0.08 |
| PG The Procter & Gamble Co. | Reduce -2.8% | 0.58% | −0.07 |
| CR Crane Co. | Reduce -1.6% | 0.67% | −0.07 |
| SMCI Super Micro Computer Inc. | Reduce -28.1% | 0.14% | −0.07 |
| VRTX Vertex Pharmaceuticals Inc. | Reduce -2.9% | 0.27% | −0.06 |
| BXSL Blackstone Secured Lending F | Reduce -44.2% | 0.05% | −0.06 |
| ET Energy Transfer LP | Reduce -21.8% | 0.13% | −0.06 |
| SYY Sysco Corp. | Reduce -20.4% | 0.25% | −0.05 |
| BMY Bristol-Myers Squibb Co. | Reduce -6.5% | 0.34% | −0.05 |
| GS Goldman Sachs Group Inc. | Reduce -9.3% | 1.66% | −0.05 |
| NOW ServiceNow Inc. | Sold out | 0.00% | −0.05 |
| CARR Carrier Global Corp. | Reduce -0.7% | 0.15% | −0.04 |
| MO Altria Group Inc. | Reduce -22.3% | 0.18% | −0.04 |
| T AT&T Inc. | Reduce -3.3% | 0.30% | −0.03 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −0.03 |
| DXYZ Destiny TECH100 Inc. | Sold out | 0.00% | −0.03 |
| AXP American Express Co. | Reduce -1.0% | 1.57% | −0.03 |
| TTE Totalenergies SE -Spon ADR | Sold out | 0.00% | −0.03 |
| CRWD CrowdStrike Holdings Inc. Class A | Reduce -18.6% | 0.09% | −0.03 |
| CL Colgate-Palmolive Co. | Reduce -0.2% | 0.15% | −0.03 |
| KMI Kinder Morgan Inc. | Reduce -13.2% | 0.11% | −0.03 |
| EPD Enterprise Products Partners | Reduce -16.7% | 0.11% | −0.03 |
| GPCR Structure Therapeutics Inc. | Sold out | 0.00% | −0.03 |
| ISRG Intuitive Surgical Inc. | Sold out | 0.00% | −0.03 |
| EWK iShares MSCI Belgium ETF | Sold out | 0.00% | −0.03 |
| CRM Salesforce Inc. | Reduce -25.8% | 0.04% | −0.03 |
| HACK Amplify Cybersecurity ETF | Reduce -20.7% | 0.08% | −0.02 |
| WPC WP Carey Inc. | Reduce -12.8% | 0.21% | −0.02 |
| NNOX Nano-X Imaging Ltd. | Reduce -1.3% | 0.05% | −0.02 |
| XOM Exxon Mobil Corp. | Reduce -1.4% | 1.00% | −0.02 |
| ACHR Archer Aviation Inc. Class A | Sold out | 0.00% | −0.02 |
| YUM Yum! Brands Inc. | Reduce -9.3% | 0.13% | −0.02 |
| IBIT iShares Bitcoin Trust ETF | Reduce -8.2% | 0.22% | −0.02 |
| SLB SLB Ltd. | Reduce -2.7% | 0.27% | −0.02 |
| WHR Whirlpool Corp. | Reduce -13.3% | 0.03% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| GOOGL Alphabet Inc. Class A | Add +13.9% | 1.60% | +0.53 |
| ABBV Abbvie Inc. | Add +0.1% | 2.09% | +0.33 |
| UTG Reaves Utility Income Fund | New | 0.18% | +0.18 |
| CAT Caterpillar Inc. | Add +0.1% | 1.11% | +0.16 |
| BX Blackstone Inc. | Add +0.4% | 1.59% | +0.13 |
| RTX RTX Corp. | Add +0.4% | 1.46% | +0.13 |
| VGT Vanguard Info Tech ETF | Add +43.5% | 0.32% | +0.11 |
| UNH Unitedhealth Group Inc. | Add +15.2% | 0.62% | +0.11 |
| PANW Palo Alto Networks Inc. | New | 0.11% | +0.11 |
| HD Home Depot Inc. | Add +0.8% | 1.85% | +0.11 |
| AVGO Broadcom Inc. | Add +0.0% | 0.68% | +0.08 |
| BAC Bank of America Corp. | Add +0.5% | 1.98% | +0.08 |
| MMM 3M Co. | Add +13.6% | 0.86% | +0.08 |
| ULTA Ulta Beauty Inc. | Add +0.6% | 0.50% | +0.05 |
| LHX L3HARRIS Technologies Inc. | Add +0.9% | 0.34% | +0.05 |
| PFE Pfizer Inc. | Add +11.1% | 0.41% | +0.04 |
| MS Morgan Stanley | Add +2.3% | 0.45% | +0.04 |
| MGK Vngrd Mrgstr MG CP GR ETF-Ui | Add +7.9% | 0.36% | +0.04 |
| GD General Dynamics Corp. | Add +3.7% | 0.27% | +0.04 |
| GDX Vaneck Gold Miners ETF | New | 0.03% | +0.03 |
| ANET Arista Networks Inc. | New | 0.03% | +0.03 |
| UFO Procure Space ETF | New | 0.03% | +0.03 |
| VMC Vulcan Materials Co. | Add +2.9% | 0.23% | +0.03 |
| PINK Simplify Health Care ETF | New | 0.03% | +0.03 |
| TOKE Cambria Cannabis ETF | New | 0.03% | +0.03 |
| QTUM Defiance Quantum ETF | New | 0.03% | +0.03 |
| IWM iShares Russell 2000 ETF | New | 0.03% | +0.03 |
| KBA Kraneshares Bosera MSCI Chin | New | 0.03% | +0.03 |
| ESPO Vaneck Videogaming Esports | New | 0.03% | +0.03 |
| GVAL Cambria Global Value ETF | New | 0.03% | +0.03 |
| XLF SS Financial Select Sector | New | 0.03% | +0.03 |
| SLX Vaneck Steel ETF | New | 0.03% | +0.03 |
| USAR USA Rare Earth Inc. | New | 0.03% | +0.03 |
| CLOZ Eldridge BBB-B Clo ETF | Add +49.8% | 0.09% | +0.03 |
| ETHA iShares Ethereum Trust ETF | New | 0.03% | +0.03 |
| CCJ Cameco Corp. | New | 0.03% | +0.03 |
| BABA Alibaba Group Holding-SP ADR | New | 0.03% | +0.03 |
| ORLY O'reilly Automotive Inc. | Add +1.2% | 0.20% | +0.03 |
| SMMT Summit Therapeutics Inc. | Add +17.5% | 0.33% | +0.03 |
| JOBY Joby Aviation Inc. | New | 0.02% | +0.02 |
| IUSG iShares Core S&P U.S. Growth | New | 0.02% | +0.02 |
| NUE Nucor Corp. | New | 0.02% | +0.02 |
| MDT Medtronic PLC | New | 0.02% | +0.02 |
| SSYS Stratasys Ltd. | New | 0.02% | +0.02 |
| NNN NNN REIT Inc. | Add +101.2% | 0.05% | +0.02 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.3% | 0.14% | +0.02 |
| FAST Fastenal Co. | Add +1.5% | 0.19% | +0.02 |
| LLY Eli Lilly & Co. | Add +47.9% | 0.07% | +0.02 |
| TSCO Tractor Supply Company | Add +11.5% | 0.13% | +0.02 |
| PDYN Palladyne AI Corp. | New | 0.01% | +0.01 |
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 |