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
BAE Systems-Frankfurt	COM	G06940103	70	12,000	SH		SOLE		0	0	0
BP Plc-Frankfurt	COM	G12793256	101	16,000	SH		SOLE		0	0	0
Barclays Plc-Frankfurt	COM	G08036124	19	10,000	SH		SOLE		0	0	0
HSBC-Frankfurt	COM	G4634U169	107	13,000	SH		SOLE		0	0	0
Vodafone-Frankfurt	COM	G93882192	66	35,000	SH		SOLE		0	0	0
3M Company	COM	88579Y101	5,262	27,617	SH		SOLE		0	0	0
ASML Holding N.V.	COM	N07059210	1,030	6,620	SH		SOLE		0	0	0
AT&T Inc	COM	00206R102	5,245	183,777	SH		SOLE		0	0	0
ATP Oil & Gas Corp	COM	00208J108	0	26,300	SH		SOLE		0	0	0
AbbVie Inc.	COM	00287y109	11,959	129,723	SH		SOLE		0	0	0
Abbott Labs	COM	002824100	8,907	123,145	SH		SOLE		0	0	0
Accelerate Diagnostics, Inc.	COM	00430H102	5,020	436,519	SH		SOLE		0	0	0
Accenture PLC Ireland Shs Cl A	COM	G1151C101	338	2,395	SH		SOLE		0	0	0
Air Products	COM	009158106	325	2,028	SH		SOLE		0	0	0
Akamai Technologies	COM	00971t101	281	4,600	SH		SOLE		0	0	0
Alerian MLP ETF	COM	00162Q866	992	113,654	SH		SOLE		0	0	0
Alibaba Group Holdings ADS	COM	01609W102	3,340	24,364	SH		SOLE		0	0	0
Alliant Energy Corp	COM	018802108	1,690	40,000	SH		SOLE		0	0	0
Alphabet Inc. CL A	COM	02079K305	2,782	2,662	SH		SOLE		0	0	0
Alphabet Inc. CL C	COM	02079K107	2,320	2,240	SH		SOLE		0	0	0
Altria Group Inc	COM	02209S103	1,133	22,932	SH		SOLE		0	0	0
Amazon.com Inc	COM	023135106	5,623	3,744	SH		SOLE		0	0	0
Ameren Corp.	COM	023608102	815	12,500	SH		SOLE		0	0	0
American Elec Pwr	COM	025537101	2,743	36,700	SH		SOLE		0	0	0
American Express	COM	025816109	6,769	71,009	SH		SOLE		0	0	0
American Tower Corp	COM	03027X100	1,432	9,054	SH		SOLE		0	0	0
Anadarko Petro Corp	COM	032511107	1,101	25,107	SH		SOLE		0	0	0
Apache Corp.	COM	037411105	495	18,853	SH		SOLE		0	0	0
Apple Inc	COM	037833100	14,600	92,560	SH		SOLE		0	0	0
Arthur J Gallagher & Co.	COM	363576109	5,896	80,000	SH		SOLE		0	0	0
AstraZeneca PLC	COM	046353108	498	13,125	SH		SOLE		0	0	0
Athenahealth Inc	COM	04685w103	221	1,674	SH		SOLE		0	0	0
Aura Systems, Inc.	COM	051526309	9	34,214	SH		SOLE		0	0	0
Aurora Cannabis Inc.	COM	05156X108	71	14,216	SH		SOLE		0	0	0
Avon Products	COM	054303102	56	36,632	SH		SOLE		0	0	0
BB&T Corp	COM	054937107	4,109	94,847	SH		SOLE		0	0	0
BHP Billiton plc	COM	05545E209	392	9,365	SH		SOLE		0	0	0
Bank of America Corp	COM	060505104	3,453	140,147	SH		SOLE		0	0	0
Bank of Montreal	COM	063671101	278	4,255	SH		SOLE		0	0	0
Baxter International	COM	071813109	243	3,697	SH		SOLE		3,697	0	0
Berkshire Hathaway Inc Cl A	COM	084670108	9,180	30	SH		SOLE		30	0	0
Berkshire Hathaway Inc Cl B	COM	084670702	3,514	17,209	SH		SOLE		0	0	0
Blackstone Group	COM	09253U108	4,060	136,183	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc	COM	09257W100	1,172	36,782	SH		SOLE		0	0	0
Boeing	COM	097023105	9,806	30,407	SH		SOLE		0	0	0
Bristol Myers Squibb	COM	110122108	10,435	200,754	SH		SOLE		0	0	0
Broadridge Financial Solutions	COM	11133T103	1,457	15,140	SH		SOLE		0	0	0
Brookfield Infrastructure Part	COM	G16252101	233	6,750	SH		SOLE		0	0	0
CVS Health Corp	COM	126650100	758	11,575	SH		SOLE		0	0	0
Canada Goose Holdings Inc.	COM	135086106	2,699	61,745	SH		SOLE		0	0	0
Caterpillar Inc.	COM	149123101	1,786	14,055	SH		SOLE		0	0	0
Celgene Corp Com	COM	151020104	1,062	16,565	SH		SOLE		0	0	0
Centurylink Inc	COM	156700106	527	34,797	SH		SOLE		0	0	0
Cerner Corp	COM	156782104	514	9,800	SH		SOLE		0	0	0
Chevron Corp	COM	166764100	12,491	114,814	SH		SOLE		0	0	0
Chocoladefabriken Lindt & Spru	COM	H49983176	337	4	SH		SOLE		0	0	0
Chubb Corp.	COM	H1467J104	239	1,847	SH		SOLE		0	0	0
Clearway Energy Inc.	COM	18539C204	662	38,377	SH		SOLE		0	0	0
Cleveland-Cliffs Inc.	COM	185899101	1,748	227,310	SH		SOLE		0	0	0
Coca-Cola	COM	191216100	7,839	165,557	SH		SOLE		0	0	0
Colgate Palmolive	COM	194162103	1,202	20,193	SH		SOLE		0	0	0
Compass Minerals International	COM	20451N101	897	21,527	SH		SOLE		0	0	0
Costco Wholesale	COM	22160k105	2,024	9,935	SH		SOLE		0	0	0
Coty Inc.	COM	222070203	90	13,700	SH		SOLE		0	0	0
Cullen/Frost Bankers, Inc.	COM	229899109	1,632	18,560	SH		SOLE		0	0	0
DTE Energy Com Co	COM	233331107	6,066	55,000	SH		SOLE		0	0	0
Danaher Corp	COM	235851102	7,269	70,495	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	761	33,779	SH		SOLE		0	0	0
Diageo P L C Spon Adr New	COM	25243Q205	1,810	12,767	SH		SOLE		0	0	0
Discover Financial Services	COM	254709108	763	12,940	SH		SOLE		0	0	0
Dollar General Corp	COM	256677105	216	2,000	SH		SOLE		0	0	0
Dominion Resources	COM	25746U109	6,789	95,007	SH		SOLE		0	0	0
Dover Corp	COM	260003108	1,300	18,328	SH		SOLE		0	0	0
DowDuPont Inc.	COM	26078J100	3,813	71,297	SH		SOLE		0	0	0
Duke Energy Corp	COM	26441c204	4,678	54,211	SH		SOLE		0	0	0
Dunkin Brands Inc	COM	265504100	887	13,835	SH		SOLE		0	0	0
EOG Resources, Inc.	COM	26875P101	1,499	17,185	SH		SOLE		0	0	0
Eaton Corp. Plc	COM	G29183103	433	6,303	SH		SOLE		0	0	0
Emerson Electric	COM	291011104	3,456	57,842	SH		SOLE		0	0	0
Enbridge Inc	COM	29250n105	3,210	103,288	SH		SOLE		0	0	0
Energy Transfer Equity, L.P.	COM	29273V100	879	66,528	SH		SOLE		0	0	0
Energy Transfer Partners, L.P.	COM	29278N103	845	39,338	SH		SOLE		0	0	0
Enterprise Prods Partn	COM	293792107	1,785	72,591	SH		SOLE		0	0	0
Eversource Energy	COM	30040W108	4,273	65,700	SH		SOLE		0	0	0
Exelon Corp	COM	30161n101	1,073	23,785	SH		SOLE		0	0	0
Exxon Mobil Corp	COM	30231G102	13,912	204,017	SH		SOLE		0	0	0
Facebook Inc	COM	30303m102	1,987	15,157	SH		SOLE		0	0	0
Fastenal Company	COM	311900104	661	12,645	SH		SOLE		0	0	0
Fedex Corp.	COM	31428X106	1,476	9,150	SH		SOLE		0	0	0
FirstEnergy Corp	COM	337932107	1,513	40,300	SH		SOLE		0	0	0
Ford Motor Co	COM	345370860	216	28,224	SH		SOLE		0	0	0
Fortive Corporation	COM	34959J108	1,376	20,340	SH		SOLE		0	0	0
General Dynamics Corp	COM	369550108	205	1,303	SH		SOLE		0	0	0
General Electric	COM	369604103	1,517	200,457	SH		SOLE		0	0	0
General Mills	COM	370334104	1,014	26,049	SH		SOLE		0	0	0
Gentex Corporation	COM	371901109	809	40,045	SH		SOLE		0	0	0
Genuine Parts Co	COM	372460105	693	7,220	SH		SOLE		0	0	0
Gilead Sciences Inc	COM	375558103	1,859	29,718	SH		SOLE		0	0	0
GlaxoSmithKline PLC Spon Adr	COM	37733W105	789	20,659	SH		SOLE		0	0	0
Glencore Plc	COM	37827X100	135	18,670	SH		SOLE		0	0	0
Graco Inc	COM	384109104	1,697	40,546	SH		SOLE		0	0	0
Great Plains Energy	COM	391164100	320	10,000	SH		SOLE		0	0	0
Hain Celestial Group	COM	405217100	173	10,915	SH		SOLE		0	0	0
Harris Corporation	COM	413875105	642	4,765	SH		SOLE		0	0	0
Hershey Foods Corp	COM	427866108	1,659	15,480	SH		SOLE		0	0	0
Hi-Crush Partners LP	COM	428337109	119	33,305	SH		SOLE		0	0	0
Home Depot	COM	437076102	6,479	37,709	SH		SOLE		0	0	0
Honeywell International	COM	438516106	5,996	45,382	SH		SOLE		0	0	0
Illinois Tool Works	COM	452308109	4,116	32,486	SH		SOLE		0	0	0
Intel Corp	COM	458140100	5,540	118,046	SH		SOLE		0	0	0
International Business Machine	COM	459200101	9,399	82,686	SH		SOLE		0	0	0
Iron Mountain Inc	COM	46284V101	548	16,900	SH		SOLE		0	0	0
J P Morgan Chase & Co	COM	46625H100	6,667	68,293	SH		SOLE		0	0	0
JM Smucker	COM	832696405	334	3,576	SH		SOLE		0	0	0
Johnson & Johnson	COM	478160104	9,352	72,470	SH		SOLE		0	0	0
KLA-Tencor Corp	COM	482480100	239	2,670	SH		SOLE		0	0	0
Kimberly Clark	COM	494368103	1,711	15,020	SH		SOLE		0	0	0
Kinder Morgan Inc	COM	49456B101	2,641	171,702	SH		SOLE		0	0	0
Lauder Estee Cos Inc	COM	518439104	234	1,802	SH		SOLE		0	0	0
Linde Plc	COM	G5494J103	589	3,777	SH		SOLE		0	0	0
Macquarie Infrastructure Corpo	COM	55608B105	990	27,091	SH		SOLE		0	0	0
Main Street Capital Corp	COM	56035l104	754	22,298	SH		SOLE		0	0	0
Martin Marietta Matls	COM	573284106	209	1,214	SH		SOLE		0	0	0
Matador Resources Company	COM	576485205	240	15,455	SH		SOLE		0	0	0
McDonalds Corp	COM	580135101	5,836	32,869	SH		SOLE		0	0	0
Medtronic Inc	COM	G5960L103	3,367	37,019	SH		SOLE		0	0	0
Merck & Co Inc	COM	58933Y105	9,422	123,302	SH		SOLE		0	0	0
Metlife Inc	COM	59156r108	2,466	60,049	SH		SOLE		0	0	0
Microsoft Corp	COM	594918104	11,635	114,548	SH		SOLE		0	0	0
Mondelez Intl	COM	609207105	791	19,762	SH		SOLE		0	0	0
MongoDB, Inc.	COM	60937P106	440	5,250	SH		SOLE		0	0	0
Nestle S A Adr	COM	641069406	2,130	26,311	SH		SOLE		0	0	0
Nestle S.A.	COM	H57312649	369	4,550	SH		SOLE		0	0	0
New Jersey Res	COM	646025106	5,138	112,500	SH		SOLE		0	0	0
Nextera Energy Inc	COM	65339F101	15,858	91,235	SH		SOLE		0	0	0
Nike Inc.	COM	654106103	2,171	29,277	SH		SOLE		0	0	0
Nordstrom Inc Com	COM	655664100	534	11,450	SH		SOLE		0	0	0
Northrop Grumman Corp	COM	666807102	1,385	5,656	SH		SOLE		0	0	0
Northwest Natural Gas Company	COM	667655104	2,418	40,000	SH		SOLE		0	0	0
Novartis AG Adr	COM	66987V109	4,772	55,608	SH		SOLE		0	0	0
Nucor Corp	COM	670346105	2,608	50,341	SH		SOLE		0	0	0
Nvidia Corp	COM	67066g104	509	3,816	SH		SOLE		0	0	0
ONEOK Inc.	COM	682680103	1,173	21,735	SH		SOLE		0	0	0
ORBCOMM Inc.	COM	68555P100	2,700	326,850	SH		SOLE		0	0	0
Oaktree Capital Group LLC	COM	674001201	1,220	30,684	SH		SOLE		0	0	0
Occidental Petro	COM	674599105	504	8,215	SH		SOLE		0	0	0
PNC Financial Services Group	COM	693475105	3,655	31,266	SH		SOLE		0	0	0
PPL Corp	COM	69351T106	2,846	100,464	SH		SOLE		0	0	0
PayPal Holdings, Inc.	COM	70450Y103	2,709	32,214	SH		SOLE		0	0	0
Paychex Inc Com	COM	704326107	1,142	17,530	SH		SOLE		0	0	0
Pepsico	COM	713448108	6,559	59,364	SH		SOLE		0	0	0
Pfizer	COM	717081103	4,095	93,805	SH		SOLE		0	0	0
Philip Morris International In	COM	718172109	1,706	25,554	SH		SOLE		0	0	0
Pitney Bowes	COM	724479100	236	40,000	SH		SOLE		0	0	0
Procter & Gamble	COM	742718109	7,220	78,543	SH		SOLE		0	0	0
Prologis	COM	74340W103	344	5,855	SH		SOLE		0	0	0
Prospect Capital Corporation	COM	74348T102	104	16,500	SH		SOLE		0	0	0
Public Svc Enterp.	COM	744573106	1,581	30,382	SH		SOLE		0	0	0
Qualcomm Inc.	COM	747525103	5,267	92,551	SH		SOLE		0	0	0
Realty Income Corp	COM	756109104	1,033	16,385	SH		SOLE		0	0	0
Regeneron Pharmaceuticals, Inc	COM	75886F107	271	725	SH		SOLE		0	0	0
Rio Tinto plc	COM	767204100	261	5,385	SH		SOLE		0	0	0
Roche Holding AG	COM	H69293217	223	900	SH		SOLE		0	0	0
Ross Stores Inc.	COM	778296103	1,214	14,590	SH		SOLE		0	0	0
Royal Dutch Shell Plc	COM	780259206	1,105	18,956	SH		SOLE		0	0	0
Royal Dutch Shell Plc ADR B	COM	780259107	4,912	81,947	SH		SOLE		0	0	0
S&P Global Inc.	COM	78409V104	306	1,800	SH		SOLE		0	0	0
Scana Corp	COM	80589M102	2,389	50,000	SH		SOLE		0	0	0
Schlumberger	COM	806857108	3,348	92,798	SH		SOLE		0	0	0
Schwab Charles Com	COM	808513105	1,351	32,536	SH		SOLE		0	0	0
Seattle Genetics, Inc.	COM	812578102	291	5,135	SH		SOLE		0	0	0
Sempra Energy Company	COM	816851109	3,787	35,000	SH		SOLE		0	0	0
Sherwin Williams Co.	COM	824348106	240	610	SH		SOLE		0	0	0
Shopify Inc.	COM	82509L107	263	1,900	SH		SOLE		0	0	0
Snap-on Incorporated	COM	833034101	2,903	19,984	SH		SOLE		0	0	0
Southern Co	COM	842587107	2,347	53,442	SH		SOLE		0	0	0
Square, Inc.	COM	852234103	350	6,245	SH		SOLE		0	0	0
Starbucks Corp.	COM	855244109	4,146	64,376	SH		SOLE		0	0	0
Sysco Corp	COM	871829107	2,898	46,246	SH		SOLE		0	0	0
T Rowe Price & Assoc	COM	74144T108	1,440	15,594	SH		SOLE		0	0	0
TJX Cos Inc	COM	872540109	6,100	136,345	SH		SOLE		0	0	0
Targa Resources Corp.	COM	87612G101	492	13,665	SH		SOLE		0	0	0
Target Corporation	COM	87612E106	4,526	68,479	SH		SOLE		0	0	0
Tencent Holdings Limited Adr	COM	88032Q109	871	22,063	SH		SOLE		0	0	0
Texas Instruments	COM	882508104	708	7,495	SH		SOLE		0	0	0
The Kraft Heinz Company	COM	500754106	589	13,679	SH		SOLE		0	0	0
The Trade Desk, Inc.	COM	88339J105	635	5,470	SH		SOLE		0	0	0
Thermo Fisher Scientific Inc.	COM	883556102	270	1,205	SH		SOLE		0	0	0
Tiffany & Co	COM	886547108	967	12,005	SH		SOLE		0	0	0
Tractor Supply Company	COM	892356106	2,566	30,755	SH		SOLE		0	0	0
Transocean Ltd	COM	H8817H100	111	16,000	SH		SOLE		0	0	0
US Bancorp	COM	902973304	3,105	67,950	SH		SOLE		0	0	0
Unilever N V New York	COM	904784709	307	5,700	SH		SOLE		0	0	0
Unilever PLC Spon ADR New	COM	904767704	1,002	19,173	SH		SOLE		0	0	0
Union Pac Corp.	COM	907818108	1,023	7,398	SH		SOLE		0	0	0
United Parcel Service	COM	911312106	2,355	24,150	SH		SOLE		0	0	0
United Rentals, Inc.	COM	911363109	935	9,118	SH		SOLE		0	0	0
United Technologies Corp	COM	913017109	601	5,641	SH		SOLE		0	0	0
Universal Display Corp	COM	91347p105	35,361	377,904	SH		SOLE		0	0	0
Veeva Systems Inc.	COM	922475108	375	4,200	SH		SOLE		0	0	0
Verisk Analytics Inc CL A	COM	92345y106	218	2,000	SH		SOLE		0	0	0
Verizon Communications	COM	92343V104	6,967	123,928	SH		SOLE		0	0	0
Visa Inc Cl A	COM	92826C839	4,198	31,815	SH		SOLE		0	0	0
Vodafone Group PLC Sponsored A	COM	92857w308	431	22,379	SH		SOLE		0	0	0
W. P. Carey Inc.	COM	92936U109	1,533	23,462	SH		SOLE		0	0	0
WEC Energy Group Inc.	COM	92939U106	1,289	18,612	SH		SOLE		0	0	0
WGL Holdings Inc	COM	92924f106	3,372	38,000	SH		SOLE		0	0	0
Wal-Mart Stores	COM	931142103	8,182	87,837	SH		SOLE		0	0	0
Walgreens Boots Alliance Inc.	COM	931427108	7,046	103,120	SH		SOLE		0	0	0
Walt Disney	COM	254687106	1,352	12,329	SH		SOLE		0	0	0
Waste Management	COM	94106L109	801	9,000	SH		SOLE		0	0	0
Wells Fargo	COM	949746101	10,450	226,779	SH		SOLE		0	0	0
Welltower Inc.	COM	95040Q104	604	8,696	SH		SOLE		0	0	0
Westpac Banking Corporation	COM	961214301	562	32,161	SH		SOLE		0	0	0
Winnebago Industries, Inc.	COM	974637100	304	12,575	SH		SOLE		0	0	0
Yum! Brands	COM	988498101	1,017	11,062	SH		SOLE		0	0	0
Zoetis Inc.	COM	98978V103	1,694	19,805	SH		SOLE		0	0	0
iQIYI, Inc.	COM	46267X108	186	12,530	SH		SOLE		0	0	0
iShares Tr NASDAQ Biotech Inde	COM	464287556	324	3,360	SH		SOLE		0	0	0
ALPS Medical Breakthroughs ETF	COM	00162Q593	303	10,758	SH		SOLE		0	0	0
ETFMG Prime Cyber Security ETF	COM	26924G201	425	12,618	SH		SOLE		0	0	0
Invesco QQQ Trust Series 1	COM	46090E103	7,135	46,252	SH		SOLE		0	0	0
Invesco S&P500 Low Vol ETF	COM	46138E354	310	6,635	SH		SOLE		0	0	0
Vanguard Emerging Market ETF	COM	922042858	335	8,784	SH		SOLE		0	0	0
Vanguard Small Cap ETF	COM	922908751	379	2,871	SH		SOLE		0	0	0
iShares Core S&P 500 ETF	COM	464287200	933	3,709	SH		SOLE		0	0	0
iShares S&P Mid-Cap 400 Growth	COM	464287606	530	2,769	SH		SOLE		0	0	0
iShares S&P Mid-Cap 400 Value	COM	464287705	514	3,719	SH		SOLE		0	0	0
iShares US Aerospace & Defense	COM	464288760	263	1,522	SH		SOLE		0	0	0