Griffin Asset Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

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

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
BP Plc-Frankfurt	COM	G12793256	102	16,000	SH		SOLE		0	0	0
HSBC-Frankfurt	COM	G4634U169	127	13,000	SH		SOLE		0	0	0
Standard Life Aberdeen PLC-Fra	COM	G84246100	59	10,219	SH		SOLE		0	0	0
Vodafone-Frankfurt	COM	G93882192	89	32,000	SH		SOLE		0	0	0
3M Company	COM	88579Y101	5,788	27,576	SH		SOLE		0	0	0
AT&T Inc	COM	00206R102	4,481	114,398	SH		SOLE		0	0	0
AbbVie Inc.	COM	00287y109	13,232	148,907	SH		SOLE		0	0	0
Abbott Labs	COM	002824100	8,211	153,872	SH		SOLE		0	0	0
Accenture PLC Ireland Shs Cl A	COM	G1151C101	384	2,845	SH		SOLE		0	0	0
Akamai Technologies	COM	00971t101	205	4,200	SH		SOLE		0	0	0
Alibaba Group Holdings ADS	COM	01609W102	2,154	12,470	SH		SOLE		0	0	0
Allergan	COM	G0177J108	955	4,660	SH		SOLE		0	0	0
Alliant Energy Corp	COM	018802108	1,663	40,000	SH		SOLE		0	0	0
Alphabet Inc. CL A	COM	02079K305	1,539	1,581	SH		SOLE		0	0	0
Alphabet Inc. CL C	COM	02079K107	2,123	2,213	SH		SOLE		0	0	0
Altria Group Inc	COM	02209S103	934	14,720	SH		SOLE		0	0	0
Amazon.com Inc	COM	023135106	1,314	1,367	SH		SOLE		0	0	0
Ameren Corp.	COM	023608102	723	12,500	SH		SOLE		0	0	0
American Elec Pwr	COM	025537101	2,578	36,700	SH		SOLE		0	0	0
American Express	COM	025816109	8,440	93,297	SH		SOLE		0	0	0
American Tower Corp	COM	03027X100	1,092	7,993	SH		SOLE		0	0	0
Anadarko Petro Corp	COM	032511107	1,016	20,802	SH		SOLE		0	0	0
Anheuser Busch Inbev ADR	COM	03524a108	411	3,444	SH		SOLE		0	0	0
Apache Corp.	COM	037411105	1,069	23,333	SH		SOLE		0	0	0
Apple Inc	COM	037833100	13,668	88,684	SH		SOLE		0	0	0
Arthur J Gallagher & Co.	COM	363576109	4,924	80,000	SH		SOLE		0	0	0
Automatic Data Processing Inc	COM	053015103	205	1,878	SH		SOLE		0	0	0
Avon Products	COM	054303102	85	36,632	SH		SOLE		0	0	0
BB&T Corp	COM	054937107	4,810	102,479	SH		SOLE		0	0	0
BHP Billiton plc	COM	05545E209	383	10,795	SH		SOLE		0	0	0
Bank of America Corp	COM	060505104	1,288	50,817	SH		SOLE		0	0	0
Baxter International	COM	071813109	408	6,495	SH		SOLE		6,495	0	0
Berkshire Hathaway Inc Cl A	COM	084670108	9,891	36	SH		SOLE		0	0	0
Berkshire Hathaway Inc Cl B	COM	084670702	2,967	16,185	SH		SOLE		0	0	0
Blackrock Inc	COM	09247x101	1,008	2,255	SH		SOLE		0	0	0
Blackstone Group	COM	09253U108	2,664	79,830	SH		SOLE		0	0	0
Boeing	COM	097023105	9,934	39,078	SH		SOLE		0	0	0
Brighthouse Financial Inc.	COM	10922N103	356	5,857	SH		SOLE		0	0	0
Bristol Myers Squibb	COM	110122108	11,277	176,923	SH		SOLE		0	0	0
Broadridge Financial Solutions	COM	11133T103	1,171	14,490	SH		SOLE		0	0	0
Brookfield Property Partner LP	COM	G16249107	514	22,000	SH		SOLE		0	0	0
Buckeye Partners G P LLC	COM	118230101	285	5,000	SH		SOLE		0	0	0
CBS Corp New CL B	COM	124857202	309	5,325	SH		SOLE		0	0	0
CVS Health Corp	COM	126650100	667	8,199	SH		SOLE		0	0	0
Caterpillar Inc.	COM	149123101	1,924	15,425	SH		SOLE		0	0	0
Celgene Corp Com	COM	151020104	1,629	11,170	SH		SOLE		0	0	0
Cerner Corp	COM	156782104	635	8,900	SH		SOLE		0	0	0
Chevron Corp	COM	166764100	12,884	109,647	SH		SOLE		0	0	0
Chicago Bridge & Iron Company	COM	167250109	246	14,650	SH		SOLE		0	0	0
Chipotle Mexican Grill Cl A	COM	169656105	524	1,701	SH		SOLE		0	0	0
Chubb Corp.	COM	H1467J104	268	1,877	SH		SOLE		0	0	0
Citigroup Inc New	COM	172967424	222	3,050	SH		SOLE		0	0	0
Coca-Cola	COM	191216100	7,274	161,604	SH		SOLE		0	0	0
Colgate Palmolive	COM	194162103	1,560	21,410	SH		SOLE		0	0	0
Comcast Corp New Cl A	COM	20030N101	680	17,670	SH		SOLE		0	0	0
Compass Minerals International	COM	20451N101	1,298	20,001	SH		SOLE		0	0	0
Costco Wholesale	COM	22160k105	1,417	8,625	SH		SOLE		0	0	0
Cullen/Frost Bankers, Inc.	COM	229899109	1,776	18,710	SH		SOLE		0	0	0
DTE Energy Com Co	COM	233331107	5,905	55,000	SH		SOLE		0	0	0
Danaher Corp	COM	235851102	6,155	71,757	SH		SOLE		0	0	0
Delta Natural Gas Company, Inc	COM	247748106	1,228	40,000	SH		SOLE		0	0	0
Devon Energy Corp	COM	25179M103	1,437	39,134	SH		SOLE		0	0	0
Diageo P L C Spon Adr New	COM	25243Q205	1,616	12,228	SH		SOLE		0	0	0
Dominion Resources	COM	25746U109	5,788	75,240	SH		SOLE		0	0	0
Dover Corp	COM	260003108	2,828	30,946	SH		SOLE		0	0	0
DowDuPont Inc.	COM	26078J100	6,214	89,760	SH		SOLE		0	0	0
Ducommun Incorporated	COM	264147109	450	14,025	SH		SOLE		0	0	0
Duke Energy Corp	COM	26441c204	4,451	53,033	SH		SOLE		0	0	0
Dunkin Brands Inc	COM	265504100	1,986	37,415	SH		SOLE		0	0	0
EOG Resources, Inc.	COM	26875P101	1,719	17,770	SH		SOLE		0	0	0
Eaton Corp. Plc	COM	G29183103	269	3,500	SH		SOLE		0	0	0
Emerson Electric	COM	291011104	4,563	72,615	SH		SOLE		0	0	0
Enbridge Inc	COM	29250n105	2,451	58,569	SH		SOLE		0	0	0
Energy Transfer Partners, L.P.	COM	29278N103	725	39,638	SH		SOLE		0	0	0
Enterprise Prods Partn	COM	293792107	1,435	55,040	SH		SOLE		0	0	0
Eversource Energy	COM	30040W108	3,971	65,700	SH		SOLE		0	0	0
Exelon Corp	COM	30161n101	881	23,400	SH		SOLE		0	0	0
Exxon Mobil Corp	COM	30231G102	18,412	224,585	SH		SOLE		0	0	0
Facebook Inc	COM	30303m102	1,920	11,237	SH		SOLE		0	0	0
Fastenal Company	COM	311900104	550	12,060	SH		SOLE		0	0	0
Fedex Corp.	COM	31428X106	1,215	5,385	SH		SOLE		0	0	0
FirstEnergy Corp	COM	337932107	1,233	40,000	SH		SOLE		0	0	0
Fortive Corporation	COM	34959J108	1,459	20,608	SH		SOLE		0	0	0
General Dynamics Corp	COM	369550108	247	1,200	SH		SOLE		0	0	0
General Electric	COM	369604103	8,759	362,227	SH		SOLE		0	0	0
General Mills	COM	370334104	663	12,806	SH		SOLE		0	0	0
Gentex Corporation	COM	371901109	811	40,980	SH		SOLE		0	0	0
Genuine Parts Co	COM	372460105	621	6,497	SH		SOLE		0	0	0
Gilead Sciences Inc	COM	375558103	2,148	26,510	SH		SOLE		0	0	0
Graco Inc	COM	384109104	2,058	16,640	SH		SOLE		0	0	0
Great Plains Energy	COM	391164100	303	10,000	SH		SOLE		0	0	0
Hain Celestial Group	COM	405217100	1,221	29,675	SH		SOLE		0	0	0
Hanesbrands Inc.	COM	410345102	1,088	44,150	SH		SOLE		0	0	0
Harris Corporation	COM	413875105	662	5,030	SH		SOLE		0	0	0
Hershey Foods Corp	COM	427866108	1,734	15,888	SH		SOLE		0	0	0
Hi-Crush Partners LP	COM	428337109	316	33,305	SH		SOLE		0	0	0
Home Depot	COM	437076102	7,292	44,585	SH		SOLE		0	0	0
Honeywell International	COM	438516106	7,518	53,043	SH		SOLE		0	0	0
Illinois Tool Works	COM	452308109	6,246	42,211	SH		SOLE		0	0	0
Intel Corp	COM	458140100	5,693	149,507	SH		SOLE		0	0	0
International Business Machine	COM	459200101	12,072	83,206	SH		SOLE		0	0	0
Invesco Ltd	COM	g491bt108	1,192	34,005	SH		SOLE		0	0	0
Iron Mountain Inc	COM	46284V101	396	10,188	SH		SOLE		0	0	0
J P Morgan Chase & Co	COM	46625H100	6,900	72,239	SH		SOLE		0	0	0
J.C. Penney Inc.	COM	708160106	644	169,150	SH		SOLE		0	0	0
JM Smucker	COM	832696405	1,240	11,818	SH		SOLE		0	0	0
Johnson & Johnson	COM	478160104	9,453	72,709	SH		SOLE		0	0	0
Kimberly Clark	COM	494368103	1,847	15,691	SH		SOLE		0	0	0
Kinder Morgan Inc	COM	49456B101	788	41,071	SH		SOLE		0	0	0
L Brands, Inc.	COM	501797104	562	13,497	SH		SOLE		0	0	0
MDU Res Group Inc Com	COM	552690109	213	8,200	SH		SOLE		0	0	0
Martin Marietta Matls	COM	573284106	247	1,200	SH		SOLE		0	0	0
Matador Resources Company	COM	576485205	386	14,210	SH		SOLE		0	0	0
McDonalds Corp	COM	580135101	5,587	35,658	SH		SOLE		0	0	0
Medtronic Inc	COM	G5960L103	2,362	30,371	SH		SOLE		0	0	0
Merck & Co Inc	COM	58933Y105	7,537	117,708	SH		SOLE		0	0	0
Metlife Inc	COM	59156r108	3,837	73,860	SH		SOLE		0	0	0
Microsoft Corp	COM	594918104	9,461	127,015	SH		SOLE		0	0	0
Mondelez Intl	COM	609207105	988	24,289	SH		SOLE		0	0	0
Nestle S A Adr	COM	641069406	2,460	29,286	SH		SOLE		0	0	0
New Jersey Res	COM	646025106	4,742	112,500	SH		SOLE		0	0	0
Nextera Energy Inc	COM	65339F101	14,047	95,851	SH		SOLE		0	0	0
Nike Inc.	COM	654106103	1,647	31,772	SH		SOLE		0	0	0
Nordstrom Inc Com	COM	655664100	705	14,950	SH		SOLE		0	0	0
Northrop Grumman Corp	COM	666807102	1,627	5,656	SH		SOLE		0	0	0
Northwest Natural Gas Company	COM	667655104	2,576	40,000	SH		SOLE		0	0	0
Novartis AG Adr	COM	66987V109	5,242	61,064	SH		SOLE		0	0	0
Nucor Corp	COM	670346105	2,800	49,965	SH		SOLE		0	0	0
Nutripure Beverages	COM	67074A206	0	240,000	SH		SOLE		0	0	0
ORBCOMM Inc.	COM	68555P100	3,772	360,315	SH		SOLE		0	0	0
Occidental Petro	COM	674599105	567	8,825	SH		SOLE		0	0	0
PNC Financial Services Group	COM	693475105	4,260	31,608	SH		SOLE		0	0	0
PPL Corp	COM	69351T106	3,795	100,000	SH		SOLE		0	0	0
PayPal Holdings, Inc.	COM	70450Y103	1,992	31,107	SH		SOLE		0	0	0
Paychex Inc Com	COM	704326107	1,186	19,784	SH		SOLE		0	0	0
Penske Automotive Group, Inc.	COM	70959W103	537	11,295	SH		SOLE		0	0	0
Pentair Plc	COM	G7S00T104	461	6,785	SH		SOLE		0	0	0
Pepsico	COM	713448108	6,303	56,568	SH		SOLE		0	0	0
Pfizer	COM	717081103	2,013	56,391	SH		SOLE		0	0	0
Philip Morris International In	COM	718172109	3,743	33,719	SH		SOLE		0	0	0
Pitney Bowes	COM	724479100	560	40,000	SH		SOLE		0	0	0
Praxair Inc Com	COM	74005p104	805	5,759	SH		SOLE		0	0	0
Procter & Gamble	COM	742718109	7,830	86,067	SH		SOLE		0	0	0
Public Svc Enterp.	COM	744573106	1,387	30,000	SH		SOLE		0	0	0
Qualcomm Inc.	COM	747525103	5,124	98,845	SH		SOLE		0	0	0
RPM Intl Inc	COM	749685103	611	11,900	SH		SOLE		0	0	0
Realty Income Corp	COM	756109104	824	14,411	SH		SOLE		0	0	0
Regeneron Pharmaceuticals, Inc	COM	75886F107	1,579	3,531	SH		SOLE		0	0	0
Rio Tinto plc	COM	767204100	411	8,706	SH		SOLE		0	0	0
Roche Holdings Sponsored ADR	COM	771195104	340	10,610	SH		SOLE		0	0	0
Rockwell Automation Inc.	COM	773903109	1,632	9,157	SH		SOLE		0	0	0
Ross Stores Inc.	COM	778296103	950	14,720	SH		SOLE		0	0	0
Royal Dutch Shell Plc	COM	780259206	1,740	28,723	SH		SOLE		0	0	0
Royal Dutch Shell Plc ADR B	COM	780259107	4,147	66,316	SH		SOLE		0	0	0
S&P Global Inc.	COM	78409V104	281	1,800	SH		SOLE		0	0	0
Scana Corp	COM	80589M102	2,449	50,500	SH		SOLE		0	0	0
Schlumberger	COM	806857108	5,821	83,442	SH		SOLE		0	0	0
Schwab Charles Com	COM	808513105	1,797	41,086	SH		SOLE		0	0	0
Seattle Genetics, Inc.	COM	812578102	260	4,775	SH		SOLE		0	0	0
Sempra Energy Company	COM	816851109	3,995	35,000	SH		SOLE		0	0	0
Sherwin Williams Co.	COM	824348106	247	690	SH		SOLE		0	0	0
Sothebys Hldgs Inc. Cl A	COM	835898107	369	8,000	SH		SOLE		0	0	0
Southern Co	COM	842587107	2,512	51,113	SH		SOLE		0	0	0
Starbucks Corp.	COM	855244109	2,621	48,798	SH		SOLE		0	0	0
Sysco Corp	COM	871829107	3,208	59,463	SH		SOLE		0	0	0
T Rowe Price & Assoc	COM	74144T108	1,378	15,204	SH		SOLE		0	0	0
TJX Cos Inc	COM	872540109	3,285	44,551	SH		SOLE		0	0	0
Target Corporation	COM	87612E106	4,115	69,739	SH		SOLE		0	0	0
Tata Motors Limited	COM	876568502	319	10,200	SH		SOLE		0	0	0
Texas Instruments	COM	882508104	730	8,148	SH		SOLE		0	0	0
The Kraft Heinz Company	COM	500754106	764	9,856	SH		SOLE		0	0	0
Thermo Fisher Scientific Inc.	COM	883556102	227	1,200	SH		SOLE		0	0	0
Tiffany & Co	COM	886547108	1,150	12,525	SH		SOLE		0	0	0
Time Warner Inc.	COM	887317303	266	2,596	SH		SOLE		0	0	0
Tractor Supply Company	COM	892356106	3,317	52,415	SH		SOLE		0	0	0
Trinity Industries Inc.	COM	896522109	213	6,675	SH		SOLE		0	0	0
US Bancorp	COM	902973304	3,695	68,950	SH		SOLE		0	0	0
Unilever N V New York	COM	904784709	385	6,520	SH		SOLE		0	0	0
Unilever PLC Spon ADR New	COM	904767704	1,050	18,124	SH		SOLE		0	0	0
Union Pac Corp.	COM	907818108	2,189	18,875	SH		SOLE		0	0	0
United Parcel Service	COM	911312106	1,531	12,745	SH		SOLE		0	0	0
United Rentals, Inc.	COM	911363109	1,372	9,890	SH		SOLE		0	0	0
United Technologies Corp	COM	913017109	1,031	8,884	SH		SOLE		0	0	0
Universal Display Corp	COM	91347p105	5,317	41,262	SH		SOLE		0	0	0
Verizon Communications	COM	92343V104	5,810	117,393	SH		SOLE		0	0	0
Visa Inc Cl A	COM	92826C839	3,329	31,628	SH		SOLE		0	0	0
W. P. Carey Inc.	COM	92936U109	602	8,936	SH		SOLE		0	0	0
WEC Energy Group Inc.	COM	92939U106	1,168	18,612	SH		SOLE		0	0	0
WGL Holdings Inc	COM	92924f106	3,200	38,000	SH		SOLE		0	0	0
Wal-Mart Stores	COM	931142103	6,898	88,273	SH		SOLE		0	0	0
Walgreens Boots Alliance Inc.	COM	931427108	7,338	95,032	SH		SOLE		0	0	0
Walt Disney	COM	254687106	1,326	13,450	SH		SOLE		0	0	0
Waste Management	COM	94106L109	805	10,280	SH		SOLE		0	0	0
Wells Fargo	COM	949746101	10,116	183,419	SH		SOLE		0	0	0
Westpac Banking Corporation	COM	961214301	760	30,135	SH		SOLE		0	0	0
Winnebago Industries, Inc.	COM	974637100	3,002	67,075	SH		SOLE		0	0	0
Yum! Brands	COM	988498101	829	11,258	SH		SOLE		0	0	0
Zoetis Inc.	COM	98978V103	823	12,915	SH		SOLE		0	0	0
iShares Tr NASDAQ Biotech Inde	COM	464287556	352	1,055	SH		SOLE		0	0	0
Nuveen Nasdaq 100 Dynamic Over	COM	670699107	207	9,355	SH		SOLE		0	0	0
Powershares ETF S&P500 Low Vol	COM	73937b779	325	7,100	SH		SOLE		0	0	0
Powershares QQQ Trust Unit Ser	COM	73935a104	5,709	39,248	SH		SOLE		0	0	0
Vanguard Emerging Market ETF	COM	922042858	328	7,522	SH		SOLE		0	0	0
Vanguard Index Funds Total Sto	COM	922908769	259	1,998	SH		SOLE		0	0	0
Vanguard Small Cap ETF	COM	922908751	414	2,929	SH		SOLE		0	0	0
iShares Core MSCI Europe ETF	COM	46434V738	337	6,792	SH		SOLE		0	0	0
iShares Core S&P 500 ETF	COM	464287200	792	3,131	SH		SOLE		0	0	0
iShares S&P Mid-Cap 400 Growth	COM	464287606	480	2,370	SH		SOLE		0	0	0
iShares S&P Mid-Cap 400 Value	COM	464287705	480	3,144	SH		SOLE		0	0	0