American Assets Capital Advisers, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 10, 2024), American Assets Capital Advisers, LLC reported 33 stock positions worth $351.0 million. Its top holding was Ftai Infrastructure (FIP) at 9.1% of the portfolio, followed by Ftai Aviation (FTAI, 7.2%) and Equinix (EQIX, 6.7%). Compared with Q4 2023, it opened 4 new positions, sold out of 4, added to 8 and reduced 20. The biggest buy was a new position in Simon Property (SPG) and the biggest sale an exit from Hudson Pac Pptys.
- Most Recent 13F
- Q3 2025
- Location
- SAN DIEGO, CA
- CIK
- 0001626691
- Portfolio Value
- $351.0M (Q1 2024)
- SEC Filing
- 0001626691-24-000004 ↗ filed May 10, 2024
Holdings Value
Holdings 33 stocks · $351.0M
| FIP Ftai Infrastructure Inc. | 9.14% | 5,111,005 | $32.1M | Add +3.2% |
| FTAI Ftai Aviation Ltd. | 7.17% | 374,254 | $25.2M | Add +6.4% |
| EQIX Equinix Inc. | 6.65% | 28,289 | $23.3M | Add +27.8% |
| DBRG Digitalbridge Group Inc. | 6.14% | 1,118,810 | $21.6M | Add +33.6% |
| DLR Digital Realty Trust Inc. | 6.10% | 148,679 | $21.4M | Reduce -10.9% |
| AMT American Tower Corp. | 5.66% | 100,519 | $19.9M | Reduce -29.2% |
| SPG Simon Property Group Inc. | 5.26% | 118,039 | $18.5M | New |
| MAC The Macerich Co. | 5.15% | 1,050,149 | $18.1M | Add +73.5% |
| MGM MGM Resorts International | 4.56% | 338,865 | $16.0M | Add +7.6% |
| ARE Alexandria Real Estate Equit | 3.71% | 101,153 | $13.0M | Reduce -14.6% |
| PLD Prologis Inc. | 3.54% | 95,473 | $12.4M | Reduce -22.1% |
| NFE New Fortress Energy Inc. | 3.37% | 387,200 | $11.8M | Add +38.2% |
| BX Blackstone Inc. | 3.21% | 85,801 | $11.3M | New |
| IIPR Innovative Industrial Proper | 3.07% | 103,989 | $10.8M | Reduce -2.9% |
| REXR Rexford Industrial Realty Inc. | 2.39% | 166,907 | $8.4M | Reduce -23.9% |
| COLD Americold Realty Trust Inc. | 2.35% | 331,731 | $8.3M | Reduce -1.2% |
| CZR Caesars Entertainment Inc. | 2.27% | 181,847 | $8.0M | Reduce -40.1% |
| WYNN WYNN Resorts Ltd. | 2.14% | 73,640 | $7.5M | Reduce -31.9% |
| EXR Extra Space Storage Inc. | 2.04% | 48,692 | $7.2M | Reduce -2.2% |
| INVH Invitation Homes Inc. | 1.93% | 190,541 | $6.8M | Reduce -23.0% |
| VTR Ventas Inc. | 1.82% | 146,964 | $6.4M | New |
| CDZI Cadiz Inc. | 1.81% | 2,188,161 | $6.3M | Reduce -9.3% |
| CCI Crown Castle Inc. | 1.47% | 48,598 | $5.1M | Reduce -62.1% |
| BIPC Brookfield Infrastructure-A | 1.45% | 141,682 | $5.1M | Reduce -33.4% |
| SBAC SBA Communications Corp. | 1.45% | 23,412 | $5.1M | Reduce -45.9% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 1.39% | 37,933 | $4.9M | Reduce -16.6% |
| CUBE Cubesmart | 1.19% | 92,242 | $4.2M | Add +394.5% |
| AMH American Homes 4 Rent- A | 1.13% | 107,550 | $4.0M | Reduce -26.4% |
| ELS Equity Lifestyle Properties | 1.00% | 54,658 | $3.5M | Reduce -7.2% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.58% | 25,499 | $2.0M | New |
| CBRE CBRE Group Inc. Class A | 0.34% | 12,386 | $1.2M | Reduce -34.7% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.28% | 32,798 | $977K | Reduce -61.6% |
| PSA Public Storage | 0.21% | 2,579 | $748K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| HUDSON PAC PPTYS INC | Sold out | 0.00% | −4.22 |
| AMT American Tower Corp. | Reduce -29.2% | 5.66% | −3.02 |
| CCI Crown Castle Inc. | Reduce -62.1% | 1.47% | −2.72 |
| BEPC Brookfield Renewable Cor-A | Sold out | 0.00% | −2.15 |
| NSA National Storage Affiliates | Sold out | 0.00% | −2.02 |
| CZR Caesars Entertainment Inc. | Reduce -40.1% | 2.27% | −1.77 |
| SBAC SBA Communications Corp. | Reduce -45.9% | 1.45% | −1.66 |
| REXR Rexford Industrial Realty Inc. | Reduce -23.9% | 2.39% | −1.09 |
| PLD Prologis Inc. | Reduce -22.1% | 3.54% | −1.08 |
| BIPC Brookfield Infrastructure-A | Reduce -33.4% | 1.45% | −0.67 |
| WYNN WYNN Resorts Ltd. | Reduce -31.9% | 2.14% | −0.64 |
| ARE Alexandria Real Estate Equit | Reduce -14.6% | 3.71% | −0.53 |
| COLD Americold Realty Trust Inc. | Reduce -1.2% | 2.35% | −0.52 |
| VICI Vici Properties Inc. | Reduce -61.6% | 0.28% | −0.49 |
| CSGP Costar Group Inc. | Sold out | 0.00% | −0.46 |
| INVH Invitation Homes Inc. | Reduce -23.0% | 1.93% | −0.46 |
| AMH American Homes 4 Rent- A | Reduce -26.4% | 1.13% | −0.36 |
| SUI Sun Communities Inc. | Reduce -16.6% | 1.39% | −0.33 |
| DLR Digital Realty Trust Inc. | Reduce -10.9% | 6.10% | −0.26 |
| EXR Extra Space Storage Inc. | Reduce -2.2% | 2.04% | −0.22 |
| ELS Equity Lifestyle Properties | Reduce -7.2% | 1.00% | −0.17 |
| CBRE CBRE Group Inc. Class A | Reduce -34.7% | 0.34% | −0.16 |
| CDZI Cadiz Inc. | Reduce -9.3% | 1.81% | −0.11 |
| IIPR Innovative Industrial Proper | Reduce -2.9% | 3.07% | +0.01 |
Portfolio Buys Q4 2023 → Q1 2024
| SPG Simon Property Group Inc. | New | 5.26% | +5.26 |
| FIP Ftai Infrastructure Inc. | Add +3.2% | 9.14% | +3.69 |
| BX Blackstone Inc. | New | 3.21% | +3.21 |
| FTAI Ftai Aviation Ltd. | Add +6.4% | 7.17% | +2.55 |
| MAC The Macerich Co. | Add +73.5% | 5.15% | +2.51 |
| DBRG Digitalbridge Group Inc. | Add +33.6% | 6.14% | +1.98 |
| VTR Ventas Inc. | New | 1.82% | +1.82 |
| EQIX Equinix Inc. | Add +27.8% | 6.65% | +1.61 |
| CUBE Cubesmart | Add +394.5% | 1.19% | +0.94 |
| IRM Iron Mountain Inc. | New | 0.58% | +0.58 |
| MGM MGM Resorts International | Add +7.6% | 4.56% | +0.57 |
| NFE New Fortress Energy Inc. | Add +38.2% | 3.37% | +0.38 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 36 | $94.7M | VGSH, FTAI, AMT, PLD, FIP |
| Q2 2025 | 40 | $99.5M | VGSH, FIP, AMT, EQIX, FTAI |
| Q1 2025 | 40 | $239.0M | AMT, FTAI, FIP, NFE, EQIX |
| Q4 2024 | 40 | $299.7M | NFE, FIP, EQIX, AMT, MGM |
| Q3 2024 | 37 | $325.8M | FIP, EQIX, AMT, WYNN, DBRG |
| Q2 2024 | 35 | $315.8M | FIP, EQIX, AMT, SPG, DLR |
| Q1 2024 | 33 | $351.0M | FIP, FTAI, EQIX, DBRG, DLR |