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
Expires:	Oct 31, 2018
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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	100	16,000	SH		SOLE		0	0	0
BP Plc-Frankfurt	COM	G12793256	116	16,000	SH		SOLE		0	0	0
Barclays Plc-Frankfurt	COM	G08036124	20	10,000	SH		SOLE		0	0	0
HSBC-Frankfurt	COM	G4634U169	105	13,000	SH		SOLE		0	0	0
Vodafone-Frankfurt	COM	G93882192	62	35,000	SH		SOLE		0	0	0
3M Company	COM	88579Y101	5,761	27,727	SH		SOLE		0	0	0
ASML Holding N.V.	COM	N07059210	1,352	7,190	SH		SOLE		0	0	0
AT&T Inc	COM	00206R102	6,230	198,673	SH		SOLE		0	0	0
ATP Oil & Gas Corp	COM	00208J108	0	26,300	SH		SOLE		0	0	0
AbbVie Inc.	COM	00287y109	9,150	113,534	SH		SOLE		0	0	0
Abbott Labs	COM	002824100	8,606	107,657	SH		SOLE		0	0	0
Accelerate Diagnostics, Inc.	COM	00430H102	10,192	484,871	SH		SOLE		0	0	0
Accenture PLC Ireland Shs Cl A	COM	G1151C101	422	2,395	SH		SOLE		0	0	0
Air Products	COM	009158106	430	2,253	SH		SOLE		0	0	0
Akamai Technologies	COM	00971t101	330	4,600	SH		SOLE		0	0	0
Alerian MLP ETF	COM	00162Q866	1,142	113,851	SH		SOLE		0	0	0
Alibaba Group Holdings ADS	COM	01609W102	4,615	25,294	SH		SOLE		0	0	0
Alliant Energy Corp	COM	018802108	1,885	40,000	SH		SOLE		0	0	0
Alphabet Inc. CL A	COM	02079K305	3,121	2,652	SH		SOLE		0	0	0
Alphabet Inc. CL C	COM	02079K107	2,662	2,269	SH		SOLE		0	0	0
Altria Group Inc	COM	02209S103	1,145	19,943	SH		SOLE		0	0	0
Amazon.com Inc	COM	023135106	6,794	3,815	SH		SOLE		0	0	0
Ameren Corp.	COM	023608102	919	12,500	SH		SOLE		0	0	0
American Elec Pwr	COM	025537101	3,074	36,700	SH		SOLE		0	0	0
American Express	COM	025816109	7,011	64,141	SH		SOLE		0	0	0
American Tower Corp	COM	03027X100	1,784	9,054	SH		SOLE		0	0	0
Anadarko Petro Corp	COM	032511107	949	20,870	SH		SOLE		0	0	0
Anheuser Busch Inbev ADR	COM	03524a108	206	2,455	SH		SOLE		0	0	0
Apache Corp.	COM	037411105	565	16,288	SH		SOLE		0	0	0
Apple Inc	COM	037833100	17,667	93,007	SH		SOLE		0	0	0
Arista Networks, Inc.	COM	040413106	297	943	SH		SOLE		0	0	0
Arthur J Gallagher & Co.	COM	363576109	6,248	80,000	SH		SOLE		0	0	0
AstraZeneca PLC	COM	046353108	409	10,125	SH		SOLE		0	0	0
Aura Systems, Inc.	COM	051526309	15	34,214	SH		SOLE		0	0	0
Aurora Cannabis Inc.	COM	05156X108	147	16,176	SH		SOLE		0	0	0
Avon Products	COM	054303102	108	36,632	SH		SOLE		0	0	0
BB&T Corp	COM	054937107	4,276	91,906	SH		SOLE		0	0	0
BP Plc Spons Adr	COM	055622104	251	5,744	SH		SOLE		0	0	0
Baker Hughes, a GE company	COM	05722G100	193	6,950	SH		SOLE		0	0	0
Bank of America Corp	COM	060505104	4,575	165,808	SH		SOLE		0	0	0
Bank of Montreal	COM	063671101	259	3,457	SH		SOLE		0	0	0
Baxter International	COM	071813109	299	3,675	SH		SOLE		3,675	0	0
Berkshire Hathaway Inc Cl A	COM	084670108	8,735	29	SH		SOLE		29	0	0
Berkshire Hathaway Inc Cl B	COM	084670702	3,407	16,959	SH		SOLE		0	0	0
Blackstone Group	COM	09253U108	4,789	136,956	SH		SOLE		0	0	0
Blackstone Mortgage Trust, Inc	COM	09257W100	1,306	37,802	SH		SOLE		0	0	0
Boeing	COM	097023105	11,268	29,542	SH		SOLE		0	0	0
Bristol Myers Squibb	COM	110122108	10,090	211,477	SH		SOLE		0	0	0
Broadcom Limited	COM	11135F101	2,216	7,368	SH		SOLE		0	0	0
Broadridge Financial Solutions	COM	11133T103	2,833	27,320	SH		SOLE		0	0	0
Brookfield Infrastructure Part	COM	G16252101	283	6,750	SH		SOLE		0	0	0
Brookfield Property Partner LP	COM	G16249107	392	19,039	SH		SOLE		0	0	0
CVS Health Corp	COM	126650100	513	9,518	SH		SOLE		0	0	0
Canada Goose Holdings Inc.	COM	135086106	3,163	65,870	SH		SOLE		0	0	0
Caterpillar Inc.	COM	149123101	2,003	14,785	SH		SOLE		0	0	0
Celgene Corp Com	COM	151020104	1,542	16,340	SH		SOLE		0	0	0
Centurylink Inc	COM	156700106	402	33,538	SH		SOLE		0	0	0
Cerner Corp	COM	156782104	578	10,100	SH		SOLE		0	0	0
Chevron Corp	COM	166764100	13,385	108,662	SH		SOLE		0	0	0
Chocoladefabriken Lindt & Spru	COM	H49983176	337	4	SH		SOLE		0	0	0
Chubb Corp.	COM	H1467J104	244	1,740	SH		SOLE		0	0	0
Citigroup Inc New	COM	172967424	211	3,386	SH		SOLE		0	0	0
Clearway Energy Inc.	COM	18539C204	580	38,377	SH		SOLE		0	0	0
Cleveland-Cliffs Inc.	COM	185899101	2,322	232,474	SH		SOLE		0	0	0
Coca-Cola	COM	191216100	7,559	161,311	SH		SOLE		0	0	0
Colgate Palmolive	COM	194162103	1,395	20,357	SH		SOLE		0	0	0
Comcast Corp New Cl A	COM	20030N101	215	5,367	SH		SOLE		0	0	0
Compass Minerals International	COM	20451N101	1,305	24,002	SH		SOLE		0	0	0
Corning	COM	219350105	211	6,369	SH		SOLE		0	0	0
Costco Wholesale	COM	22160k105	2,414	9,970	SH		SOLE		0	0	0
Crown Castle Intl Corp New	COM	22822V101	341	2,664	SH		SOLE		0	0	0
Cullen/Frost Bankers, Inc.	COM	229899109	1,733	17,850	SH		SOLE		0	0	0
DTE Energy Com Co	COM	233331107	6,861	55,000	SH		SOLE		0	0	0
Danaher Corp	COM	235851102	8,997	68,147	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	1,114	35,304	SH		SOLE		0	0	0
Diageo P L C Spon Adr New	COM	25243Q205	1,909	11,667	SH		SOLE		0	0	0
Discover Financial Services	COM	254709108	946	13,290	SH		SOLE		0	0	0
Dollar General Corp	COM	256677105	239	2,000	SH		SOLE		0	0	0
Dollar Tree, Inc.	COM	256746108	1,116	10,620	SH		SOLE		0	0	0
Dominion Resources	COM	25746U109	7,304	95,272	SH		SOLE		0	0	0
Dover Corp	COM	260003108	1,716	18,297	SH		SOLE		0	0	0
DowDuPont Inc.	COM	26078J100	4,436	83,218	SH		SOLE		0	0	0
Duke Energy Corp	COM	26441c204	4,886	54,289	SH		SOLE		0	0	0
Dunkin Brands Inc	COM	265504100	1,016	13,535	SH		SOLE		0	0	0
EOG Resources, Inc.	COM	26875P101	1,811	19,030	SH		SOLE		0	0	0
Eastman Chem Co.	COM	277432100	333	4,385	SH		SOLE		0	0	0
Eaton Corp. Plc	COM	G29183103	510	6,330	SH		SOLE		0	0	0
Emerson Electric	COM	291011104	3,966	57,929	SH		SOLE		0	0	0
Enbridge Inc	COM	29250n105	3,798	104,752	SH		SOLE		0	0	0
Energy Transfer Equity, L.P.	COM	29273V100	1,023	66,570	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	2,147	73,776	SH		SOLE		0	0	0
Equinix, Inc.	COM	29444U700	1,121	2,474	SH		SOLE		0	0	0
Equity Residential Properties	COM	29476L107	214	2,837	SH		SOLE		0	0	0
Eversource Energy	COM	30040W108	4,661	65,700	SH		SOLE		0	0	0
Exelon Corp	COM	30161n101	1,192	23,785	SH		SOLE		0	0	0
Exxon Mobil Corp	COM	30231G102	16,171	200,142	SH		SOLE		0	0	0
Facebook Inc	COM	30303m102	2,127	12,762	SH		SOLE		0	0	0
Fastenal Company	COM	311900104	807	12,550	SH		SOLE		0	0	0
Fedex Corp.	COM	31428X106	1,833	10,106	SH		SOLE		0	0	0
FirstEnergy Corp	COM	337932107	1,675	40,266	SH		SOLE		0	0	0
Ford Motor Co	COM	345370860	198	22,524	SH		SOLE		0	0	0
Fortive Corporation	COM	34959J108	1,699	20,249	SH		SOLE		0	0	0
General Dynamics Corp	COM	369550108	222	1,310	SH		SOLE		0	0	0
General Electric	COM	369604103	2,242	224,393	SH		SOLE		0	0	0
General Mills	COM	370334104	1,060	20,487	SH		SOLE		0	0	0
Gentex Corporation	COM	371901109	827	39,995	SH		SOLE		0	0	0
Genuine Parts Co	COM	372460105	803	7,170	SH		SOLE		0	0	0
Gilead Sciences Inc	COM	375558103	1,416	21,788	SH		SOLE		0	0	0
GlaxoSmithKline PLC Spon Adr	COM	37733W105	867	20,743	SH		SOLE		0	0	0
Glencore Plc	COM	37827X100	154	18,670	SH		SOLE		0	0	0
Graco Inc	COM	384109104	1,946	39,296	SH		SOLE		0	0	0
Great Plains Energy	COM	391164100	320	10,000	SH		SOLE		0	0	0
Guardant Health, Inc.	COM	40131M109	858	11,182	SH		SOLE		0	0	0
Hain Celestial Group	COM	405217100	252	10,900	SH		SOLE		0	0	0
Harris Corporation	COM	413875105	777	4,865	SH		SOLE		0	0	0
Hershey Foods Corp	COM	427866108	1,778	15,480	SH		SOLE		0	0	0
Hi-Crush Partners LP	COM	428337109	162	36,410	SH		SOLE		0	0	0
Home Depot	COM	437076102	7,164	37,333	SH		SOLE		0	0	0
Honeywell International	COM	438516106	7,083	44,571	SH		SOLE		0	0	0
Illinois Tool Works	COM	452308109	4,519	31,482	SH		SOLE		0	0	0
Incyte Corp	COM	45337c102	206	2,390	SH		SOLE		0	0	0
Intel Corp	COM	458140100	6,130	114,151	SH		SOLE		0	0	0
International Business Machine	COM	459200101	11,669	82,698	SH		SOLE		0	0	0
Iron Mountain Inc	COM	46284V101	610	17,214	SH		SOLE		0	0	0
J P Morgan Chase & Co	COM	46625H100	7,008	69,225	SH		SOLE		0	0	0
Johnson & Johnson	COM	478160104	9,923	70,984	SH		SOLE		0	0	0
KLA-Tencor Corp	COM	482480100	321	2,685	SH		SOLE		0	0	0
Kimberly Clark	COM	494368103	1,860	15,010	SH		SOLE		0	0	0
Kinder Morgan Inc	COM	49456B101	3,648	182,320	SH		SOLE		0	0	0
Lauder Estee Cos Inc	COM	518439104	298	1,802	SH		SOLE		0	0	0
Linde Plc	COM	G5494J103	497	2,826	SH		SOLE		0	0	0
Lloyds Banking Group plc	COM	539439109	52	16,265	SH		SOLE		0	0	0
Lockheed Martin Corp Com	COM	539830109	959	3,195	SH		SOLE		0	0	0
Macquarie Infrastructure Corpo	COM	55608B105	1,151	27,933	SH		SOLE		0	0	0
Madison Square Garden Cl A	COM	55825T103	1,715	5,850	SH		SOLE		0	0	0
Main Street Capital Corp	COM	56035l104	833	22,390	SH		SOLE		0	0	0
MariMed Inc.	COM	56782V107	54	15,300	SH		SOLE		0	0	0
Martin Marietta Matls	COM	573284106	381	1,892	SH		SOLE		0	0	0
Matador Resources Company	COM	576485205	371	19,205	SH		SOLE		0	0	0
McDonalds Corp	COM	580135101	6,223	32,771	SH		SOLE		0	0	0
Medtronic Inc	COM	G5960L103	3,912	42,947	SH		SOLE		0	0	0
Merck & Co Inc	COM	58933Y105	9,732	117,011	SH		SOLE		0	0	0
Metlife Inc	COM	59156r108	2,473	58,081	SH		SOLE		0	0	0
Microsoft Corp	COM	594918104	13,333	113,051	SH		SOLE		0	0	0
Mondelez Intl	COM	609207105	988	19,788	SH		SOLE		0	0	0
Nestle S A Adr	COM	641069406	2,494	26,167	SH		SOLE		0	0	0
Nestle S.A.	COM	H57312649	433	4,550	SH		SOLE		0	0	0
New Jersey Res	COM	646025106	5,601	112,500	SH		SOLE		0	0	0
Nextera Energy Inc	COM	65339F101	17,638	91,235	SH		SOLE		0	0	0
Nike Inc.	COM	654106103	2,480	29,447	SH		SOLE		0	0	0
Nordstrom Inc Com	COM	655664100	397	8,950	SH		SOLE		0	0	0
Northrop Grumman Corp	COM	666807102	1,413	5,242	SH		SOLE		0	0	0
Northwest Natural Gas Company	COM	667655104	2,625	40,000	SH		SOLE		0	0	0
Novartis AG Adr	COM	66987V109	5,273	54,849	SH		SOLE		0	0	0
Nucor Corp	COM	670346105	3,307	56,682	SH		SOLE		0	0	0
Nvidia Corp	COM	67066g104	389	2,166	SH		SOLE		0	0	0
ONEOK Inc.	COM	682680103	1,518	21,735	SH		SOLE		0	0	0
ORBCOMM Inc.	COM	68555P100	2,296	338,600	SH		SOLE		0	0	0
Oaktree Capital Group LLC	COM	674001201	1,154	23,245	SH		SOLE		0	0	0
Occidental Petro	COM	674599105	544	8,215	SH		SOLE		0	0	0
PNC Financial Services Group	COM	693475105	3,835	31,266	SH		SOLE		0	0	0
PPL Corp	COM	69351T106	3,213	101,222	SH		SOLE		0	0	0
Palo Alto Networks, Inc.	COM	697435105	243	1,000	SH		SOLE		0	0	0
PayPal Holdings, Inc.	COM	70450Y103	3,342	32,184	SH		SOLE		0	0	0
Paychex Inc Com	COM	704326107	1,391	17,340	SH		SOLE		0	0	0
Pepsico	COM	713448108	7,054	57,558	SH		SOLE		0	0	0
Pfizer	COM	717081103	3,931	92,564	SH		SOLE		0	0	0
Philip Morris International In	COM	718172109	2,278	25,767	SH		SOLE		0	0	0
Pitney Bowes	COM	724479100	275	40,000	SH		SOLE		0	0	0
Procter & Gamble	COM	742718109	7,874	75,678	SH		SOLE		0	0	0
Prologis	COM	74340W103	425	5,905	SH		SOLE		0	0	0
Prospect Capital Corporation	COM	74348T102	108	16,500	SH		SOLE		0	0	0
Public Svc Enterp.	COM	744573106	1,805	30,382	SH		SOLE		0	0	0
Pulse Biosciences, Inc.	COM	74587B101	903	51,360	SH		SOLE		0	0	0
Qualcomm Inc.	COM	747525103	5,207	91,299	SH		SOLE		0	0	0
Realty Income Corp	COM	756109104	1,195	16,245	SH		SOLE		0	0	0
Regeneron Pharmaceuticals, Inc	COM	75886F107	298	725	SH		SOLE		0	0	0
Rio Tinto plc	COM	767204100	217	3,685	SH		SOLE		0	0	0
Roche Holding AG	COM	H69293217	246	900	SH		SOLE		0	0	0
Ross Stores Inc.	COM	778296103	1,440	15,465	SH		SOLE		0	0	0
Royal Dutch Shell Plc	COM	780259206	1,152	18,406	SH		SOLE		0	0	0
Royal Dutch Shell Plc ADR B	COM	780259107	5,349	83,636	SH		SOLE		0	0	0
S&P Global Inc.	COM	78409V104	379	1,800	SH		SOLE		0	0	0
Scana Corp	COM	80589M102	2,389	50,000	SH		SOLE		0	0	0
Schlumberger	COM	806857108	5,833	133,874	SH		SOLE		0	0	0
Schwab Charles Com	COM	808513105	1,320	30,865	SH		SOLE		0	0	0
Seattle Genetics, Inc.	COM	812578102	376	5,135	SH		SOLE		0	0	0
Sempra Energy Company	COM	816851109	4,405	35,000	SH		SOLE		0	0	0
Sherwin Williams Co.	COM	824348106	273	633	SH		SOLE		0	0	0
Shopify Inc.	COM	82509L107	496	2,400	SH		SOLE		0	0	0
Snap-on Incorporated	COM	833034101	3,182	20,330	SH		SOLE		0	0	0
Southern Co	COM	842587107	2,631	50,902	SH		SOLE		0	0	0
Starbucks Corp.	COM	855244109	4,826	64,922	SH		SOLE		0	0	0
Sysco Corp	COM	871829107	3,037	45,496	SH		SOLE		0	0	0
T Rowe Price & Assoc	COM	74144T108	1,542	15,400	SH		SOLE		0	0	0
TJX Cos Inc	COM	872540109	7,296	137,126	SH		SOLE		0	0	0
Targa Resources Corp.	COM	87612G101	569	13,691	SH		SOLE		0	0	0
Target Corporation	COM	87612E106	5,131	63,925	SH		SOLE		0	0	0
Tencent Holdings Limited Adr	COM	88032Q109	1,014	22,063	SH		SOLE		0	0	0
Texas Instruments	COM	882508104	784	7,395	SH		SOLE		0	0	0
The Kraft Heinz Company	COM	500754106	204	6,258	SH		SOLE		0	0	0
The Trade Desk, Inc.	COM	88339J105	1,182	5,972	SH		SOLE		0	0	0
Thermo Fisher Scientific Inc.	COM	883556102	330	1,205	SH		SOLE		0	0	0
Tiffany & Co	COM	886547108	1,364	12,925	SH		SOLE		0	0	0
Transocean Ltd	COM	H8817H100	183	21,000	SH		SOLE		0	0	0
US Bancorp	COM	902973304	3,138	65,120	SH		SOLE		0	0	0
Unilever N V New York	COM	904784709	220	3,766	SH		SOLE		0	0	0
Unilever PLC Spon ADR New	COM	904767704	1,107	19,173	SH		SOLE		0	0	0
Union Pac Corp.	COM	907818108	1,264	7,560	SH		SOLE		0	0	0
United Parcel Service	COM	911312106	2,700	24,165	SH		SOLE		0	0	0
United Rentals, Inc.	COM	911363109	1,129	9,878	SH		SOLE		0	0	0
United Technologies Corp	COM	913017109	1,191	9,238	SH		SOLE		0	0	0
Universal Display Corp	COM	91347p105	75,926	496,734	SH		SOLE		0	0	0
Veeva Systems Inc.	COM	922475108	563	4,440	SH		SOLE		0	0	0
Verisk Analytics Inc CL A	COM	92345y106	702	5,280	SH		SOLE		0	0	0
Verizon Communications	COM	92343V104	7,359	124,456	SH		SOLE		0	0	0
Visa Inc Cl A	COM	92826C839	4,912	31,452	SH		SOLE		0	0	0
Vodafone Group PLC Sponsored A	COM	92857w308	490	26,957	SH		SOLE		0	0	0
W. P. Carey Inc.	COM	92936U109	1,116	14,243	SH		SOLE		0	0	0
WEC Energy Group Inc.	COM	92939U106	1,472	18,612	SH		SOLE		0	0	0
WGL Holdings Inc	COM	92924f106	3,372	38,000	SH		SOLE		0	0	0
WPP Plc Adr	COM	92937A102	996	18,865	SH		SOLE		0	0	0
Wal-Mart Stores	COM	931142103	8,103	83,087	SH		SOLE		0	0	0
Walgreens Boots Alliance Inc.	COM	931427108	6,505	102,814	SH		SOLE		0	0	0
Walt Disney	COM	254687106	1,397	12,585	SH		SOLE		0	0	0
Waste Management	COM	94106L109	938	9,025	SH		SOLE		0	0	0
Wells Fargo	COM	949746101	11,067	229,034	SH		SOLE		0	0	0
Welltower Inc.	COM	95040Q104	675	8,703	SH		SOLE		0	0	0
Westpac Banking Corporation	COM	961214301	612	33,086	SH		SOLE		0	0	0
Winnebago Industries, Inc.	COM	974637100	532	17,075	SH		SOLE		0	0	0
Yum! Brands	COM	988498101	1,096	10,977	SH		SOLE		0	0	0
Zoetis Inc.	COM	98978V103	2,239	22,245	SH		SOLE		0	0	0
iQIYI, Inc.	COM	46267X108	300	12,530	SH		SOLE		0	0	0
iShares Tr NASDAQ Biotech Inde	COM	464287556	376	3,360	SH		SOLE		0	0	0
ALPS Medical Breakthroughs ETF	COM	00162Q593	389	10,758	SH		SOLE		0	0	0
ETFMG Prime Cyber Security ETF	COM	26924G201	508	12,703	SH		SOLE		0	0	0
Invesco QQQ Trust Series 1	COM	46090E103	8,604	47,892	SH		SOLE		0	0	0
Invesco S&P500 Low Vol ETF	COM	46138E354	346	6,565	SH		SOLE		0	0	0
Nuveen Nasdaq 100 Dynamic Over	COM	670699107	208	9,355	SH		SOLE		0	0	0
Vanguard Emerging Market ETF	COM	922042858	373	8,784	SH		SOLE		0	0	0
Vanguard Small Cap ETF	COM	922908751	448	2,933	SH		SOLE		0	0	0
iShares Core S&P 500 ETF	COM	464287200	1,067	3,750	SH		SOLE		0	0	0
iShares S&P Mid-Cap 400 Growth	COM	464287606	614	2,802	SH		SOLE		0	0	0
iShares S&P Mid-Cap 400 Value	COM	464287705	591	3,764	SH		SOLE		0	0	0
iShares US Aerospace & Defense	COM	464288760	306	1,532	SH		SOLE		0	0	0