Grassi Investment Management Buys CenturyLink Inc, CyrusOne Inc, Energy Transfer Partners LP, Sells General Electric Co, AT&T Inc, Bank of America Corporation

• New Purchases: CTL, CONE, 4ETA, GS, MU, X, GILD, AL, COST,
• Added Positions: SCHW, AAPL, CCI, FB, RIO, CRM, V, SBAC, NVDA, MSFT,
• Reduced Positions: GE, T, BAC, LMT, HD, RHI, IP, BX, INTC, PFE,
• Sold Out: ETP, NWL, ETP, CSCO, PAA,

For the details of Grassi Investment Management's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Grassi+Investment+Management

1. Quotient Technology Inc (QUOT) - 5,666,550 shares, 12.03% of the total portfolio. Shares added by 0.12%
2. Procter & Gamble Co (PG) - 183,013 shares, 2.95% of the total portfolio. Shares reduced by 0.03%
3. Apple Inc (AAPL) - 100,889 shares, 2.68% of the total portfolio. Shares added by 3.49%
4. Applied Materials Inc (AMAT) - 309,285 shares, 2.36% of the total portfolio. Shares added by 0.78%
5. Prologis Inc (PLD) - 209,410 shares, 2.27% of the total portfolio.

Grassi Investment Management initiated holdings in CenturyLink Inc. The purchase prices were between $23.57 and $27.31, with an estimated average price of $25.12. The stock is now traded at around $23.97. The impact to the portfolio due to this purchase was 1.36%. The holdings were 309,483 shares as of 2017-06-30.

Grassi Investment Management initiated holdings in CyrusOne Inc. The purchase prices were between $50.96 and $58.88, with an estimated average price of $55.22. The stock is now traded at around $56.01. The impact to the portfolio due to this purchase was 1.19%. The holdings were 115,580 shares as of 2017-06-30.

Grassi Investment Management initiated holdings in Energy Transfer Partners LP. The purchase prices were between $32.37 and $35.04, with an estimated average price of $33.35. The stock is now traded at around $33.10. The impact to the portfolio due to this purchase was 0.66%. The holdings were 175,788 shares as of 2017-06-30.

Grassi Investment Management initiated holdings in Goldman Sachs Group Inc. The purchase prices were between $211.26 and $229.72, with an estimated average price of $222.32. The stock is now traded at around $227.28. The impact to the portfolio due to this purchase was 0.52%. The holdings were 12,745 shares as of 2017-06-30.

Grassi Investment Management initiated holdings in Micron Technology Inc. The purchase prices were between $26.57 and $32.5, with an estimated average price of $29.25. The stock is now traded at around $29.14. The impact to the portfolio due to this purchase was 0.08%. The holdings were 14,300 shares as of 2017-06-30.

Grassi Investment Management initiated holdings in United States Steel Corp. The purchase prices were between $19.17 and $34.72, with an estimated average price of $23.91. The stock is now traded at around $22.40. The impact to the portfolio due to this purchase was 0.08%. The holdings were 19,500 shares as of 2017-06-30.

Grassi Investment Management added to the holdings in Charles Schwab Corp by 28.25%. The purchase prices were between $37.53 and $43.01, with an estimated average price of $40. The stock is now traded at around $43.48. The impact to the portfolio due to this purchase was 0.1%. The holdings were 57,208 shares as of 2017-06-30.

Grassi Investment Management added to the holdings in Crown Castle International Corp by 138.72%. The purchase prices were between $93.69 and $104.59, with an estimated average price of $98.16. The stock is now traded at around $99.31. The impact to the portfolio due to this purchase was 0.07%. The holdings were 6,326 shares as of 2017-06-30.

Grassi Investment Management added to the holdings in Salesforce.com Inc by 28.54%. The purchase prices were between $82.31 and $91.39, with an estimated average price of $87.02. The stock is now traded at around $86.10. The impact to the portfolio due to this purchase was 0.06%. The holdings were 16,888 shares as of 2017-06-30.

Grassi Investment Management added to the holdings in SBA Communications Corp by 22.44%. The purchase prices were between $119.08 and $138.69, with an estimated average price of $129.7. The stock is now traded at around $134.28. The impact to the portfolio due to this purchase was 0.05%. The holdings were 10,775 shares as of 2017-06-30.

Grassi Investment Management added to the holdings in Amazon.com Inc by 34.21%. The purchase prices were between $884.67 and $1011.34, with an estimated average price of $952.86. The stock is now traded at around $953.66. The impact to the portfolio due to this purchase was 0.02%. The holdings were 510 shares as of 2017-06-30.

Grassi Investment Management added to the holdings in Freeport-McMoRan Inc by 24.87%. The purchase prices were between $11.21 and $13.62, with an estimated average price of $12.16. The stock is now traded at around $12.20. The impact to the portfolio due to this purchase was 0.02%. The holdings were 46,700 shares as of 2017-06-30.

Grassi Investment Management sold out the holdings in Newell Brands Inc. The sale prices were between $45.48 and $54.85, with an estimated average price of $50.6.

Grassi Investment Management sold out the holdings in Energy Transfer Partners LP. The sale prices were between $32.37 and $35.04, with an estimated average price of $33.35.

Grassi Investment Management sold out the holdings in Energy Transfer Partners LP. The sale prices were between $21.5 and $22.84, with an estimated average price of $22.09.

Grassi Investment Management sold out the holdings in Cisco Systems Inc. The sale prices were between $31.21 and $34.39, with an estimated average price of $32.62.

Grassi Investment Management sold out the holdings in Plains All American Pipeline LP. The sale prices were between $23.38 and $31.61, with an estimated average price of $27.77.