UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
12-31-2024
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:
GRIFFIN ASSET MANAGEMENT, INC.
Address:
230 Park Avenue
4th Floor
New York, NY 10169
Form 13F File Number:
028-03051

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:
Duncan Smith
Title:
Chief Compliance Officer
Phone:
212-551-1442


Signature, Place, and Date of Signing:

Duncan Smith
                         [Signature]
New York, NEW YORK
                 [City, State]
01-22-2025
                           [Date]
                          

Report Type (Check only one.):

☒ 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).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
212
Form 13F Information table Value Total:
851055290
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
3M COCOM88579Y1011,156,6468,960SHSOLE8,960 0 0
ABBOTT LABSCOM0028241007,345,01664,937SHSOLE64,937 0 0
ABBVIE INCCOM00287Y10914,510,18681,656SHSOLE81,656 0 0
ABSCI CORPORATIONCOM00091E109167,05163,760SHSOLE63,760 0 0
ACCELERATE DIAGNOSTICS INCCOM NEW00430H2011,204,2971,003,581SHSOLE1,003,581 0 0
ACCENTURE PLC IRELANDSHS CLASS AG1151C10110,111,85228,744SHSOLE28,744 0 0
AIR PRODS & CHEMS INCCOM00915810611,612,33140,037SHSOLE40,037 0 0
ALBEMARLE CORPCOM0126531011,156,65713,437SHSOLE13,437 0 0
ALPHABET INCCAP STK CL A02079K3055,630,64129,745SHSOLE29,745 0 0
ALPHABET INCCAP STK CL C02079K1077,571,91439,760SHSOLE39,760 0 0
ALPS ETF TRMED BREAKTHGH00162Q593995,35930,135SHSOLE30,135 0 0
ALPS ETF TRALERIAN MLP00162Q4523,530,89873,316SHSOLE73,316 0 0
ALTRIA GROUP INCCOM02209S1031,361,12026,030SHSOLE26,030 0 0
AMAZON COM INCCOM02313510615,457,33370,456SHSOLE70,456 0 0
AMERICAN EXPRESS COCOM02581610915,114,32850,926SHSOLE50,926 0 0
AMPLIFY ETF TRAMPLIFY CYBERSEC032108664525,0887,049SHSOLE7,049 0 0
APA CORPORATIONCOM03743Q1083,080,368133,407SHSOLE133,407 0 0
APPLE INCCOM03783310045,274,525180,794SHSOLE180,794 0 0
ARES CAPITAL CORPCOM04010L1031,408,73364,355SHSOLE64,355 0 0
ARISTA NETWORKS INCCOM SHS040413205214,8281,944SHSOLE1,944 0 0
ARM HOLDINGS PLCSPONSORED ADS042068205206,0111,670SHSOLE1,670 0 0
ASML HOLDING N VN Y REGISTRY SHSN0705921013,400,76119,335SHSOLE19,335 0 0
AT&T INCCOM00206R1022,659,941116,818SHSOLE116,818 0 0
AXON ENTERPRISE INCCOM05464C101416,024700SHSOLE700 0 0
BANK AMERICA CORPCOM06050510415,083,501343,197SHSOLE343,197 0 0
BCE INCCOM NEW05534B760302,43713,047SHSOLE13,047 0 0
BERKLEY W R CORPCOM0844231023,114,31753,218SHSOLE53,218 0 0
BERKSHIRE HATHAWAY INC DELCL B NEW0846707024,990,16011,009SHSOLE11,009 0 0
BERKSHIRE HATHAWAY INC DELCL A0846701088,851,96013SHSOLE13 0 0
BIOMEA FUSION INCCOM09077A106366,93294,570SHSOLE94,570 0 0
BLACKSKY TECHNOLOGY INCCL A NEW09263B207195,56918,125SHSOLE18,125 0 0
BLACKSTONE INCCOM09260D10711,452,38566,421SHSOLE66,421 0 0
BLACKSTONE SECD LENDING FDCOMMON STOCK09261X102852,67826,391SHSOLE26,391 0 0
BLOCK INCCL A8522341031,379,21716,228SHSOLE16,228 0 0
BLUE OWL CAPITAL CORPORATIONCOM69121K104248,64316,445SHSOLE16,445 0 0
BOEING COCOM097023105280,5451,585SHSOLE1,585 0 0
BRISTOL-MYERS SQUIBB COCOM1101221084,502,99579,614SHSOLE79,614 0 0
BRITISH AMERN TOB PLCSPONSORED ADR110448107674,91018,582SHSOLE18,582 0 0
BROADCOM INCCOM11135F1013,862,91816,662SHSOLE16,662 0 0
BROADRIDGE FINL SOLUTIONS INCOM11133T1034,520,40319,994SHSOLE19,994 0 0
BROOKFIELD CORPCL A LTD VT SH11271J107365,9876,371SHSOLE6,371 0 0
BROOKFIELD INFRASTRUCTURE COCOM SUB VTG A11276H106203,4595,085SHSOLE5,085 0 0
BROOKFIELD REAL ASSETS INCOMSHS BEN INT112830104281,31321,120SHSOLE21,120 0 0
BROOKFIELD RENEWABLE CORPCL A EX SUB VTG11285B108454,02416,414SHSOLE16,414 0 0
CARRIER GLOBAL CORPORATIONCOM14448C1041,479,33121,672SHSOLE21,672 0 0
CATERPILLAR INCCOM1491231016,202,34717,098SHSOLE17,098 0 0
CHEVRON CORP NEWCOM16676410010,497,35072,475SHSOLE72,475 0 0
CHUBB LIMITEDCOMH1467J1042,834,28510,258SHSOLE10,258 0 0
CISCO SYS INCCOM17275R102536,2889,059SHSOLE9,059 0 0
CITIGROUP INCCOM NEW1729674241,248,17117,732SHSOLE17,732 0 0
CLEARWAY ENERGY INCCL C18539C204721,42127,747SHSOLE27,747 0 0
COCA COLA COCOM1912161009,800,414157,411SHSOLE157,411 0 0
COLGATE PALMOLIVE COCOM1941621031,583,72217,421SHSOLE17,421 0 0
CONOCOPHILLIPSCOM20825C1044,221,98842,573SHSOLE42,573 0 0
CONSTELLATION BRANDS INCCL A21036P1081,790,3218,101SHSOLE8,101 0 0
COSTCO WHSL CORP NEWCOM22160K1057,713,1618,418SHSOLE8,418 0 0
CRANE COMPANYCOMMON STOCK2244081045,137,34433,854SHSOLE33,854 0 0
CRANE NXT COCOM224441105340,5875,850SHSOLE5,850 0 0
CROWDSTRIKE HLDGS INCCL A22788C1051,213,2993,546SHSOLE3,546 0 0
CROWN CASTLE INCCOM22822V101205,1662,261SHSOLE2,261 0 0
DANAHER CORPORATIONCOM23585110211,612,47550,588SHSOLE50,588 0 0
DESTINY TECH100 INCCOM SHS25063F107496,1908,430SHSOLE8,430 0 0
DISCOVER FINL SVCSCOM2547091082,503,00014,449SHSOLE14,449 0 0
DISNEY WALT COCOM2546871069,824,70588,233SHSOLE88,233 0 0
DOCUSIGN INCCOM256163106400,2334,450SHSOLE4,450 0 0
DOVER CORPCOM2600031089,230,88249,205SHSOLE49,205 0 0
DUKE ENERGY CORP NEWCOM NEW26441C204284,0642,637SHSOLE2,637 0 0
DUPONT DE NEMOURS INCCOM26614N102243,3143,191SHSOLE3,191 0 0
EATON CORP PLCSHSG29183103862,8622,600SHSOLE2,600 0 0
EDISON INTLCOM2810201071,782,82722,330SHSOLE22,330 0 0
ELI LILLY & COCOM532457108523,416678SHSOLE678 0 0
EMERSON ELEC COCOM2910111042,344,58918,919SHSOLE18,919 0 0
ENBRIDGE INCCOM29250N1054,046,90895,378SHSOLE95,378 0 0
ENERGY TRANSFER L PCOM UT LTD PTN29273V1001,931,44298,593SHSOLE98,593 0 0
ENTERPRISE PRODS PARTNERS LCOM2937921071,203,08238,364SHSOLE38,364 0 0
EQUINIX INCCOM29444U7001,657,3871,758SHSOLE1,758 0 0
EXXON MOBIL CORPCOM30231G1028,748,22281,326SHSOLE81,326 0 0
FASTENAL COCOM3119001041,225,27417,039SHSOLE17,039 0 0
FEDEX CORPCOM31428X1062,915,98510,365SHSOLE10,365 0 0
FREEPORT-MCMORAN INCCL B35671D8573,688,20096,854SHSOLE96,854 0 0
GE AEROSPACECOM NEW3696043012,992,23117,940SHSOLE17,940 0 0
GE HEALTHCARE TECHNOLOGIES ICOMMON STOCK36266G107475,5016,082SHSOLE6,082 0 0
GE VERNOVA INCCOM36828A1012,994,9089,105SHSOLE9,105 0 0
GENERAL DYNAMICS CORPCOM3695501081,771,1806,722SHSOLE6,722 0 0
GENERAL MLS INCCOM370334104544,7698,543SHSOLE8,543 0 0
GENUINE PARTS COCOM372460105768,6316,583SHSOLE6,583 0 0
GOLDMAN SACHS GROUP INCCOM38141G10411,947,14420,864SHSOLE20,864 0 0
GRACO INCCOM3841091042,771,03432,875SHSOLE32,875 0 0
HARTFORD FINL SVCS GROUP INCCOM416515104783,3047,160SHSOLE7,160 0 0
HERSHEY COCOM4278661081,814,34410,714SHSOLE10,714 0 0
HOME DEPOT INCCOM43707610215,865,15440,786SHSOLE40,786 0 0
HONEYWELL INTL INCCOM43851610611,124,40549,247SHSOLE49,247 0 0
ILLINOIS TOOL WKS INCCOM4523081096,059,83023,899SHSOLE23,899 0 0
INGERSOLL RAND INCCOM45687V106268,6662,970SHSOLE2,970 0 0
INTERACTIVE BROKERS GROUP INCOM CL A45841N107614,8123,480SHSOLE3,480 0 0
INTERNATIONAL BUSINESS MACHSCOM4592001012,834,69212,895SHSOLE12,895 0 0
INTUITIVE SURGICAL INCCOM NEW46120E602218,701419SHSOLE419 0 0
INVESCO QQQ TRUNIT SER 146090E1038,358,57716,350SHSOLE16,350 0 0
ISHARES BITCOIN TRUST ETFSHS BEN INT46438F1011,108,42620,894SHSOLE20,894 0 0
ISHARES TRS&P MC 400VL ETF464287705902,4617,222SHSOLE7,222 0 0
ISHARES TRMSCI EMG MKT ETF464287234239,4615,726SHSOLE5,726 0 0
ISHARES TRUS AER DEF ETF464288760317,2992,183SHSOLE2,183 0 0
ISHARES TRU.S. ENERGY ETF464287796368,5708,088SHSOLE8,088 0 0
ISHARES TRISHARES BIOTECH464287556418,4453,165SHSOLE3,165 0 0
ISHARES TRS&P MC 400GR ETF464287606853,6519,388SHSOLE9,388 0 0
ISHARES TRCORE S&P500 ETF4642872002,016,8183,426SHSOLE3,426 0 0
ISHARES TRUS INDUSTRIALS464287754291,7412,185SHSOLE2,185 0 0
JOHNSON & JOHNSONCOM47816010412,022,17183,129SHSOLE83,129 0 0
JPMORGAN CHASE & CO.COM46625H10015,494,31264,638SHSOLE64,638 0 0
KENVUE INCCOM49177J102405,24918,981SHSOLE18,981 0 0
KIMBERLY-CLARK CORPCOM494368103484,8483,700SHSOLE3,700 0 0
KINDER MORGAN INC DELCOM49456B1011,464,05853,433SHSOLE53,433 0 0
KINSALE CAP GROUP INCCOM49714P108227,583489SHSOLE489 0 0
KLA CORPCOM NEW482480100538,753855SHSOLE855 0 0
L3HARRIS TECHNOLOGIES INCCOM5024311091,220,2145,803SHSOLE5,803 0 0
LINCOLN ELEC HLDGS INCCOM533900106337,4461,800SHSOLE1,800 0 0
LINDE PLCSHSG549501031,359,4213,247SHSOLE3,247 0 0
LOCKHEED MARTIN CORPCOM5398301094,373,5939,000SHSOLE9,000 0 0
MAGNITE INCCOM55955D100489,62030,755SHSOLE30,755 0 0
MARTIN MARIETTA MATLS INCCOM5732841061,116,1562,161SHSOLE2,161 0 0
MARVELL TECHNOLOGY INCCOM573874104273,8092,479SHSOLE2,479 0 0
MATADOR RES COCOM5764852053,249,07157,751SHSOLE57,751 0 0
MCDONALDS CORPCOM5801351012,455,2328,470SHSOLE8,470 0 0
MERCADOLIBRE INCCOM58733R1023,314,1581,949SHSOLE1,949 0 0
MERCK & CO INCCOM58933Y10510,738,189107,943SHSOLE107,943 0 0
META PLATFORMS INCCL A30303M1024,346,2417,423SHSOLE7,423 0 0
MICROSOFT CORPCOM59491810434,722,58482,379SHSOLE82,379 0 0
MID-AMER APT CMNTYS INCCOM59522J103254,1471,644SHSOLE1,644 0 0
MORGAN STANLEYCOM NEW6174464483,019,54324,018SHSOLE24,018 0 0
MPLX LPCOM UNIT REP LTD55336V100593,57612,402SHSOLE12,402 0 0
NANO X IMAGING LTDORD SHSM707001051,384,985192,359SHSOLE192,359 0 0
NETFLIX INCCOM64110L106267,396300SHSOLE300 0 0
NEXTERA ENERGY INCCOM65339F101334,2194,662SHSOLE4,662 0 0
NIKE INCCL B654106103823,74410,886SHSOLE10,886 0 0
NOVO-NORDISK A SADR670100205726,8698,450SHSOLE8,450 0 0
NUVEEN NASDAQ 100 DYNAMIC OVCOM SHS670699107205,2287,587SHSOLE7,587 0 0
NVIDIA CORPORATIONCOM67066G10411,233,18683,649SHSOLE83,649 0 0
NXP SEMICONDUCTORS N VCOMN6596X109869,7084,184SHSOLE4,184 0 0
ORACLE CORPCOM68389X1059,443,26056,669SHSOLE56,669 0 0
OUTSET MED INCCOM69014510749,36744,475SHSOLE44,475 0 0
PALANTIR TECHNOLOGIES INCCL A69608A108445,6885,893SHSOLE5,893 0 0
PAYCHEX INCCOM7043261072,453,39617,497SHSOLE17,497 0 0
PAYPAL HLDGS INCCOM70450Y103319,9773,749SHSOLE3,749 0 0
PENGUIN SOLUTIONS INCSHSG8232Y101205,41010,704SHSOLE10,704 0 0
PEPSICO INCCOM7134481082,748,83918,077SHSOLE18,077 0 0
PFIZER INCCOM7170811032,178,60482,118SHSOLE82,118 0 0
PHILIP MORRIS INTL INCCOM7181721092,933,67424,376SHSOLE24,376 0 0
PRICE T ROWE GROUP INCCOM74144T1081,567,54013,861SHSOLE13,861 0 0
PROCTER AND GAMBLE COCOM7427181096,138,93436,618SHSOLE36,618 0 0
PROLOGIS INC.COM74340W103467,8944,427SHSOLE4,427 0 0
PULSE BIOSCIENCES INCCOM74587B1014,135,693237,547SHSOLE237,547 0 0
QUALCOMM INCCOM74752510310,773,86370,133SHSOLE70,133 0 0
REALTY INCOME CORPCOM7561091041,067,28219,983SHSOLE19,983 0 0
ROLLINS INCCOM7757111041,075,55223,205SHSOLE23,205 0 0
ROPER TECHNOLOGIES INCCOM776696106210,539405SHSOLE405 0 0
ROSS STORES INCCOM7782961031,266,8868,375SHSOLE8,375 0 0
RPM INTL INCCOM7496851034,033,29132,775SHSOLE32,775 0 0
RTX CORPORATIONCOM75513E1019,331,90480,642SHSOLE80,642 0 0
S&P GLOBAL INCCOM78409V104859,1021,725SHSOLE1,725 0 0
SALESFORCE INCCOM79466L302229,398686SHSOLE686 0 0
SCHLUMBERGER LTDCOM STK8068571082,723,48271,035SHSOLE71,035 0 0
SERVICENOW INCCOM81762P102426,168402SHSOLE402 0 0
SHELL PLCSPON ADS7802593053,831,03661,150SHSOLE61,150 0 0
SHERWIN WILLIAMS COCOM8243481063,157,9509,290SHSOLE9,290 0 0
SHOPIFY INCCL A82509L1071,693,30515,925SHSOLE15,925 0 0
SNAP ON INCCOM8330341013,608,67210,630SHSOLE10,630 0 0
SOUTHERN COCOM8425871071,190,19814,458SHSOLE14,458 0 0
SPDR INDEX SHS FDSEURO STOXX 5078463X202392,6638,155SHSOLE8,155 0 0
STARBUCKS CORPCOM85524410910,612,046116,296SHSOLE116,296 0 0
STRUCTURE THERAPEUTICS INCSPONSORED ADS86366E106391,88414,450SHSOLE14,450 0 0
SUMMIT THERAPEUTICS INCCOM86627T1081,974,728110,660SHSOLE110,660 0 0
SUPER MICRO COMPUTER INCCOM NEW86800U302931,40830,558SHSOLE30,558 0 0
SYSCO CORPCOM8718291072,647,27534,623SHSOLE34,623 0 0
TAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS874039100504,5872,555SHSOLE2,555 0 0
TARGET CORPCOM87612E1068,550,65363,254SHSOLE63,254 0 0
TESLA INCCOM88160R1013,382,9688,377SHSOLE8,377 0 0
THE CIGNA GROUPCOM1255231001,869,4686,770SHSOLE6,770 0 0
THE TRADE DESK INCCOM CL A88339J1057,345,74362,501SHSOLE62,501 0 0
THOMSON REUTERS CORPCOM8849038081,038,4606,475SHSOLE6,475 0 0
TJX COS INC NEWCOM87254010917,945,827148,546SHSOLE148,546 0 0
TOTALENERGIES SESPONSORED ADS89151E109223,7224,105SHSOLE4,105 0 0
TRACTOR SUPPLY COCOM892356106955,82318,014SHSOLE18,014 0 0
TRANE TECHNOLOGIES PLCSHSG8994E103941,8422,550SHSOLE2,550 0 0
TRUIST FINL CORPCOM89832Q1094,806,585110,802SHSOLE110,802 0 0
UBER TECHNOLOGIES INCCOM90353T1002,187,02236,257SHSOLE36,257 0 0
ULTA BEAUTY INCCOM90384S3034,884,26411,230SHSOLE11,230 0 0
UNION PAC CORPCOM9078181082,649,98411,621SHSOLE11,621 0 0
UNITED PARCEL SERVICE INCCL B9113121066,230,89049,412SHSOLE49,412 0 0
UNITEDHEALTH GROUP INCCOM91324P1027,850,94715,520SHSOLE15,520 0 0
UNIVERSAL DISPLAY CORPCOM91347P10563,990,027437,688SHSOLE437,688 0 0
US BANCORP DELCOM NEW9029733041,288,99126,949SHSOLE26,949 0 0
VANGUARD ADMIRAL FDS INC500 GRTH IDX F921932505232,448635SHSOLE635 0 0
VANGUARD INDEX FDSSMALL CP ETF922908751566,5802,358SHSOLE2,358 0 0
VANGUARD INDEX FDSSM CP VAL ETF922908611200,1291,010SHSOLE1,010 0 0
VANGUARD INDEX FDSS&P 500 ETF SHS922908363682,9921,268SHSOLE1,268 0 0
VANGUARD WORLD FDMEGA GRWTH IND921910816693,9982,021SHSOLE2,021 0 0
VANGUARD WORLD FDINF TECH ETF92204A702739,1211,189SHSOLE1,189 0 0
VEEVA SYS INCCL A COM922475108351,1171,670SHSOLE1,670 0 0
VERISK ANALYTICS INCCOM92345Y1063,538,17412,846SHSOLE12,846 0 0
VERIZON COMMUNICATIONS INCCOM92343V1043,114,39377,879SHSOLE77,879 0 0
VERTEX PHARMACEUTICALS INCCOM92532F1003,274,7568,132SHSOLE8,132 0 0
VICI PPTYS INCCOM925652109809,74427,721SHSOLE27,721 0 0
VISA INCCOM CL A92826C83916,714,09252,886SHSOLE52,886 0 0
VULCAN MATLS COCOM9291601091,734,5026,743SHSOLE6,743 0 0
WALMART INCCOM93114210314,483,376160,303SHSOLE160,303 0 0
WASTE MGMT INC DELCOM94106L1091,636,2268,109SHSOLE8,109 0 0
WELLS FARGO CO NEWCOM94974610117,379,841247,435SHSOLE247,435 0 0
WP CAREY INCCOM92936U1091,621,80729,769SHSOLE29,769 0 0
WRAP TECHNOLOGIES INCCOM98212N10727,56013,000SHSOLE13,000 0 0
XYLEM INCCOM98419M100208,8361,800SHSOLE1,800 0 0
YUM BRANDS INCCOM9884981011,217,2349,073SHSOLE9,073 0 0
ZOETIS INCCL A98978V1035,447,07633,432SHSOLE33,432 0 0