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	108	16,000	SH		SOLE		0	0	0
Barclays Plc-Frankfurt	COM	G08036124	29	10,000	SH		SOLE		0	0	0
HSBC-Frankfurt	COM	G4634U169	123	13,000	SH		SOLE		0	0	0
Royal Dutch A-Netherlands	COM	G7690A100	214	6,750	SH		SOLE		0	0	0
Standard Life Aberdeen PLC-Fra	COM	G84246100	52	10,219	SH		SOLE		0	0	0
Vodafone-Frankfurt	COM	G93882192	95	35,000	SH		SOLE		0	0	0
3M Company	COM	88579Y101	5,773	26,297	SH		SOLE		0	0	0
ASML Holding N.V.	COM	N07059210	1,313	6,615	SH		SOLE		0	0	0
AT&T Inc	COM	00206R102	4,122	115,635	SH		SOLE		0	0	0
AbbVie Inc.	COM	00287y109	11,812	124,794	SH		SOLE		0	0	0
Abbott Labs	COM	002824100	7,799	130,161	SH		SOLE		0	0	0
Accenture PLC Ireland Shs Cl A	COM	G1151C101	398	2,595	SH		SOLE		0	0	0
Akamai Technologies	COM	00971t101	298	4,200	SH		SOLE		0	0	0
Alibaba Group Holdings ADS	COM	01609W102	3,185	17,352	SH		SOLE		0	0	0
Allergan	COM	G0177J108	223	1,325	SH		SOLE		0	0	0
Alliant Energy Corp	COM	018802108	1,634	40,000	SH		SOLE		0	0	0
Alphabet Inc. CL A	COM	02079K305	1,630	1,572	SH		SOLE		0	0	0
Alphabet Inc. CL C	COM	02079K107	2,294	2,223	SH		SOLE		0	0	0
Altria Group Inc	COM	02209S103	882	14,155	SH		SOLE		0	0	0
Amazon.com Inc	COM	023135106	1,971	1,362	SH		SOLE		0	0	0
Ameren Corp.	COM	023608102	708	12,500	SH		SOLE		0	0	0
American Elec Pwr	COM	025537101	2,517	36,700	SH		SOLE		0	0	0
American Express	COM	025816109	7,878	84,452	SH		SOLE		0	0	0
American Tower Corp	COM	03027X100	1,184	8,143	SH		SOLE		0	0	0
Anadarko Petro Corp	COM	032511107	1,581	26,172	SH		SOLE		0	0	0
Anheuser Busch Inbev ADR	COM	03524a108	364	3,307	SH		SOLE		0	0	0
Apache Corp.	COM	037411105	725	18,853	SH		SOLE		0	0	0
Apple Inc	COM	037833100	13,984	83,349	SH		SOLE		0	0	0
Arthur J Gallagher & Co.	COM	363576109	5,498	80,000	SH		SOLE		0	0	0
Automatic Data Processing Inc	COM	053015103	213	1,878	SH		SOLE		0	0	0
Avon Products	COM	054303102	104	36,632	SH		SOLE		0	0	0
BB&T Corp	COM	054937107	5,289	101,633	SH		SOLE		0	0	0
BHP Billiton plc	COM	05545E209	417	10,485	SH		SOLE		0	0	0
Bank of America Corp	COM	060505104	2,380	79,372	SH		SOLE		0	0	0
Baxter International	COM	071813109	260	3,995	SH		SOLE		3,995	0	0
Berkshire Hathaway Inc Cl A	COM	084670108	10,169	34	SH		SOLE		0	0	0
Berkshire Hathaway Inc Cl B	COM	084670702	2,752	13,796	SH		SOLE		0	0	0
Blackstone Group	COM	09253U108	2,538	79,437	SH		SOLE		0	0	0
Boeing	COM	097023105	10,056	30,669	SH		SOLE		0	0	0
Bristol Myers Squibb	COM	110122108	11,828	187,007	SH		SOLE		0	0	0
Broadridge Financial Solutions	COM	11133T103	1,584	14,440	SH		SOLE		0	0	0
Brookfield Property Partner LP	COM	G16249107	288	15,000	SH		SOLE		0	0	0
CVS Health Corp	COM	126650100	680	10,937	SH		SOLE		0	0	0
Canada Goose Holdings Inc.	COM	135086106	2,031	60,760	SH		SOLE		0	0	0
Caterpillar Inc.	COM	149123101	1,920	13,030	SH		SOLE		0	0	0
Celgene Corp Com	COM	151020104	926	10,380	SH		SOLE		0	0	0
Cerner Corp	COM	156782104	563	9,700	SH		SOLE		0	0	0
Chevron Corp	COM	166764100	13,019	114,160	SH		SOLE		0	0	0
Chicago Bridge & Iron Company	COM	167250109	194	13,495	SH		SOLE		0	0	0
Chubb Corp.	COM	H1467J104	257	1,877	SH		SOLE		0	0	0
Citigroup Inc New	COM	172967424	206	3,050	SH		SOLE		0	0	0
Cleveland-Cliffs Inc.	COM	185899101	1,104	158,795	SH		SOLE		0	0	0
Coca-Cola	COM	191216100	7,177	165,246	SH		SOLE		0	0	0
Colgate Palmolive	COM	194162103	1,472	20,536	SH		SOLE		0	0	0
Comcast Corp New Cl A	COM	20030N101	228	6,670	SH		SOLE		0	0	0
Compass Minerals International	COM	20451N101	1,277	21,178	SH		SOLE		0	0	0
Costco Wholesale	COM	22160k105	1,688	8,956	SH		SOLE		0	0	0
Cullen/Frost Bankers, Inc.	COM	229899109	1,979	18,660	SH		SOLE		0	0	0
DTE Energy Com Co	COM	233331107	5,742	55,000	SH		SOLE		0	0	0
Danaher Corp	COM	235851102	7,144	72,962	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	1,154	36,289	SH		SOLE		0	0	0
Diageo P L C Spon Adr New	COM	25243Q205	1,676	12,378	SH		SOLE		0	0	0
Dominion Resources	COM	25746U109	5,823	86,355	SH		SOLE		0	0	0
Dover Corp	COM	260003108	1,354	13,786	SH		SOLE		0	0	0
DowDuPont Inc.	COM	26078J100	4,650	72,980	SH		SOLE		0	0	0
Ducommun Incorporated	COM	264147109	411	13,525	SH		SOLE		0	0	0
Duke Energy Corp	COM	26441c204	4,113	53,088	SH		SOLE		0	0	0
Dunkin Brands Inc	COM	265504100	1,011	16,935	SH		SOLE		0	0	0
EOG Resources, Inc.	COM	26875P101	1,877	17,830	SH		SOLE		0	0	0
Emerson Electric	COM	291011104	4,587	67,161	SH		SOLE		0	0	0
Enbridge Inc	COM	29250n105	1,962	62,340	SH		SOLE		0	0	0
Energy Transfer Partners, L.P.	COM	29278N103	638	39,338	SH		SOLE		0	0	0
Enterprise Prods Partn	COM	293792107	1,369	55,935	SH		SOLE		0	0	0
Eversource Energy	COM	30040W108	3,871	65,700	SH		SOLE		0	0	0
Exelon Corp	COM	30161n101	913	23,400	SH		SOLE		0	0	0
Exxon Mobil Corp	COM	30231G102	16,141	216,337	SH		SOLE		0	0	0
Facebook Inc	COM	30303m102	1,788	11,187	SH		SOLE		0	0	0
Fastenal Company	COM	311900104	669	12,255	SH		SOLE		0	0	0
Fedex Corp.	COM	31428X106	1,536	6,395	SH		SOLE		0	0	0
FirstEnergy Corp	COM	337932107	1,362	40,034	SH		SOLE		0	0	0
Fortive Corporation	COM	34959J108	1,598	20,608	SH		SOLE		0	0	0
General Dynamics Corp	COM	369550108	267	1,210	SH		SOLE		0	0	0
General Electric	COM	369604103	3,133	232,418	SH		SOLE		0	0	0
General Mills	COM	370334104	648	14,389	SH		SOLE		0	0	0
Gentex Corporation	COM	371901109	963	41,813	SH		SOLE		0	0	0
Genuine Parts Co	COM	372460105	626	6,972	SH		SOLE		0	0	0
Gilead Sciences Inc	COM	375558103	2,268	30,087	SH		SOLE		0	0	0
Glencore Plc	COM	37827X100	425	42,670	SH		SOLE		0	0	0
Graco Inc	COM	384109104	1,982	43,346	SH		SOLE		0	0	0
Great Plains Energy	COM	391164100	318	10,000	SH		SOLE		0	0	0
Hain Celestial Group	COM	405217100	2,156	67,225	SH		SOLE		0	0	0
Harris Corporation	COM	413875105	768	4,765	SH		SOLE		0	0	0
Hershey Foods Corp	COM	427866108	1,561	15,775	SH		SOLE		0	0	0
Hi-Crush Partners LP	COM	428337109	353	33,305	SH		SOLE		0	0	0
Home Depot	COM	437076102	6,935	38,908	SH		SOLE		0	0	0
Honeywell International	COM	438516106	6,554	45,352	SH		SOLE		0	0	0
Illinois Tool Works	COM	452308109	4,584	29,259	SH		SOLE		0	0	0
Intel Corp	COM	458140100	6,923	132,925	SH		SOLE		0	0	0
International Business Machine	COM	459200101	13,449	87,655	SH		SOLE		0	0	0
Invesco Ltd	COM	g491bt108	1,180	36,861	SH		SOLE		0	0	0
J P Morgan Chase & Co	COM	46625H100	7,067	64,264	SH		SOLE		0	0	0
JM Smucker	COM	832696405	1,184	9,545	SH		SOLE		0	0	0
Johnson & Johnson	COM	478160104	9,319	72,723	SH		SOLE		0	0	0
KLA-Tencor Corp	COM	482480100	291	2,670	SH		SOLE		0	0	0
Kimberly Clark	COM	494368103	1,719	15,606	SH		SOLE		0	0	0
Kinder Morgan Inc	COM	49456B101	900	59,758	SH		SOLE		0	0	0
L Brands, Inc.	COM	501797104	600	15,714	SH		SOLE		0	0	0
Lam Resh. Corp.	COM	512807108	315	1,550	SH		SOLE		0	0	0
Lauder Estee Cos Inc	COM	518439104	270	1,802	SH		SOLE		0	0	0
Madison Square Garden Cl A	COM	55825T103	204	830	SH		SOLE		0	0	0
Martin Marietta Matls	COM	573284106	250	1,205	SH		SOLE		0	0	0
Matador Resources Company	COM	576485205	425	14,210	SH		SOLE		0	0	0
McDonalds Corp	COM	580135101	5,067	32,405	SH		SOLE		0	0	0
Medtronic Inc	COM	G5960L103	2,544	31,718	SH		SOLE		0	0	0
Merck & Co Inc	COM	58933Y105	6,511	119,538	SH		SOLE		0	0	0
Metlife Inc	COM	59156r108	3,832	83,502	SH		SOLE		0	0	0
Microsoft Corp	COM	594918104	10,781	118,124	SH		SOLE		0	0	0
Mondelez Intl	COM	609207105	831	19,902	SH		SOLE		0	0	0
Nestle S A Adr	COM	641069406	2,230	28,208	SH		SOLE		0	0	0
Netflix Inc	COM	64110l106	207	700	SH		SOLE		700	0	0
New Jersey Res	COM	646025106	4,511	112,500	SH		SOLE		0	0	0
Nextera Energy Inc	COM	65339F101	14,978	91,701	SH		SOLE		0	0	0
Nike Inc.	COM	654106103	2,091	31,469	SH		SOLE		0	0	0
Nordstrom Inc Com	COM	655664100	554	11,450	SH		SOLE		0	0	0
Northrop Grumman Corp	COM	666807102	1,975	5,656	SH		SOLE		0	0	0
Northwest Natural Gas Company	COM	667655104	2,306	40,000	SH		SOLE		0	0	0
Novartis AG Adr	COM	66987V109	4,672	57,791	SH		SOLE		0	0	0
Nucor Corp	COM	670346105	3,015	49,361	SH		SOLE		0	0	0
ONEOK Inc.	COM	682680103	1,198	21,050	SH		SOLE		0	0	0
ORBCOMM Inc.	COM	68555P100	3,084	329,130	SH		SOLE		0	0	0
Occidental Petro	COM	674599105	565	8,691	SH		SOLE		0	0	0
PNC Financial Services Group	COM	693475105	4,811	31,808	SH		SOLE		0	0	0
PPL Corp	COM	69351T106	2,829	100,000	SH		SOLE		0	0	0
PayPal Holdings, Inc.	COM	70450Y103	2,401	31,642	SH		SOLE		0	0	0
Paychex Inc Com	COM	704326107	1,133	18,404	SH		SOLE		0	0	0
Penske Automotive Group, Inc.	COM	70959W103	519	11,710	SH		SOLE		0	0	0
Pentair Plc	COM	G7S00T104	360	5,285	SH		SOLE		0	0	0
Pepsico	COM	713448108	6,176	56,584	SH		SOLE		0	0	0
Pfizer	COM	717081103	3,332	93,896	SH		SOLE		0	0	0
Philip Morris International In	COM	718172109	2,627	26,425	SH		SOLE		0	0	0
Pitney Bowes	COM	724479100	436	40,000	SH		SOLE		0	0	0
Praxair Inc Com	COM	74005p104	778	5,394	SH		SOLE		0	0	0
Procter & Gamble	COM	742718109	7,319	92,322	SH		SOLE		0	0	0
Public Svc Enterp.	COM	744573106	1,507	30,000	SH		SOLE		0	0	0
Qualcomm Inc.	COM	747525103	5,003	90,296	SH		SOLE		0	0	0
Realty Income Corp	COM	756109104	824	15,935	SH		SOLE		0	0	0
Regeneron Pharmaceuticals, Inc	COM	75886F107	1,196	3,473	SH		SOLE		0	0	0
Rio Tinto plc	COM	767204100	449	8,706	SH		SOLE		0	0	0
Rockwell Automation Inc.	COM	773903109	426	2,443	SH		SOLE		0	0	0
Ross Stores Inc.	COM	778296103	1,153	14,785	SH		SOLE		0	0	0
Royal Dutch Shell Plc	COM	780259206	1,207	18,916	SH		SOLE		0	0	0
Royal Dutch Shell Plc ADR B	COM	780259107	4,756	72,580	SH		SOLE		0	0	0
S&P Global Inc.	COM	78409V104	344	1,800	SH		SOLE		0	0	0
Scana Corp	COM	80589M102	1,907	50,775	SH		SOLE		0	0	0
Schlumberger	COM	806857108	6,185	95,470	SH		SOLE		0	0	0
Schwab Charles Com	COM	808513105	2,138	40,946	SH		SOLE		0	0	0
Seattle Genetics, Inc.	COM	812578102	250	4,775	SH		SOLE		0	0	0
Sempra Energy Company	COM	816851109	3,893	35,000	SH		SOLE		0	0	0
Sherwin Williams Co.	COM	824348106	240	613	SH		SOLE		0	0	0
Snap-on Incorporated	COM	833034101	2,815	19,081	SH		SOLE		0	0	0
Sothebys Hldgs Inc. Cl A	COM	835898107	418	8,145	SH		SOLE		0	0	0
Southern Co	COM	842587107	2,366	52,989	SH		SOLE		0	0	0
Starbucks Corp.	COM	855244109	3,015	52,084	SH		SOLE		0	0	0
Sysco Corp	COM	871829107	3,004	50,101	SH		SOLE		0	0	0
T Rowe Price & Assoc	COM	74144T108	1,676	15,523	SH		SOLE		0	0	0
TJX Cos Inc	COM	872540109	5,881	72,101	SH		SOLE		0	0	0
Target Corporation	COM	87612E106	5,425	78,141	SH		SOLE		0	0	0
Texas Instruments	COM	882508104	800	7,698	SH		SOLE		0	0	0
The Kraft Heinz Company	COM	500754106	515	8,270	SH		SOLE		0	0	0
The Progressive Corporation	COM	743315103	244	4,000	SH		SOLE		0	0	0
Thermo Fisher Scientific Inc.	COM	883556102	248	1,202	SH		SOLE		0	0	0
Tiffany & Co	COM	886547108	1,413	14,465	SH		SOLE		0	0	0
Tractor Supply Company	COM	892356106	3,349	53,148	SH		SOLE		0	0	0
US Bancorp	COM	902973304	3,488	69,061	SH		SOLE		0	0	0
Unilever N V New York	COM	904784709	558	9,900	SH		SOLE		0	0	0
Unilever PLC Spon ADR New	COM	904767704	1,062	19,112	SH		SOLE		0	0	0
Union Pac Corp.	COM	907818108	1,190	8,850	SH		SOLE		0	0	0
United Parcel Service	COM	911312106	2,568	24,535	SH		SOLE		0	0	0
United Rentals, Inc.	COM	911363109	1,707	9,883	SH		SOLE		0	0	0
United Technologies Corp	COM	913017109	736	5,852	SH		SOLE		0	0	0
Universal Display Corp	COM	91347p105	5,257	52,047	SH		SOLE		0	0	0
Verisk Analytics Inc CL A	COM	92345y106	208	2,000	SH		SOLE		0	0	0
Verizon Communications	COM	92343V104	5,020	104,983	SH		SOLE		0	0	0
Visa Inc Cl A	COM	92826C839	3,723	31,121	SH		SOLE		0	0	0
W. P. Carey Inc.	COM	92936U109	579	9,338	SH		SOLE		0	0	0
WEC Energy Group Inc.	COM	92939U106	1,167	18,612	SH		SOLE		0	0	0
WGL Holdings Inc	COM	92924f106	3,179	38,000	SH		SOLE		0	0	0
Wal-Mart Stores	COM	931142103	7,725	86,826	SH		SOLE		0	0	0
Walgreens Boots Alliance Inc.	COM	931427108	6,629	101,250	SH		SOLE		0	0	0
Walt Disney	COM	254687106	1,089	10,844	SH		SOLE		0	0	0
Waste Management	COM	94106L109	795	9,445	SH		SOLE		0	0	0
Wells Fargo	COM	949746101	9,931	189,487	SH		SOLE		0	0	0
Westpac Banking Corporation	COM	961214301	721	32,501	SH		SOLE		0	0	0
Winnebago Industries, Inc.	COM	974637100	589	15,665	SH		SOLE		0	0	0
Yum! Brands	COM	988498101	945	11,103	SH		SOLE		0	0	0
Zoetis Inc.	COM	98978V103	1,539	18,430	SH		SOLE		0	0	0
iShares Tr NASDAQ Biotech Inde	COM	464287556	338	3,165	SH		SOLE		0	0	0
Nuveen Nasdaq 100 Dynamic Over	COM	670699107	231	9,355	SH		SOLE		0	0	0
Powershares ETF S&P500 Low Vol	COM	73937b779	330	7,035	SH		SOLE		0	0	0
Powershares QQQ Trust Unit Ser	COM	73935a104	7,173	44,793	SH		SOLE		0	0	0
Vanguard Emerging Market ETF	COM	922042858	366	7,781	SH		SOLE		0	0	0
Vanguard Index Funds Total Sto	COM	922908769	212	1,563	SH		SOLE		0	0	0
Vanguard Small Cap ETF	COM	922908751	376	2,561	SH		SOLE		0	0	0
iShares Core MSCI Europe ETF	COM	46434V738	351	7,063	SH		SOLE		0	0	0
iShares Core S&P 500 ETF	COM	464287200	865	3,260	SH		SOLE		0	0	0
iShares S&P Mid-Cap 400 Growth	COM	464287606	536	2,455	SH		SOLE		0	0	0
iShares S&P Mid-Cap 400 Value	COM	464287705	506	3,274	SH		SOLE		0	0	0
iShares US Aerospace & Defense	COM	464288760	203	1,024	SH		SOLE		0	0	0