American Assets Capital Advisers, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 31, 2024), American Assets Capital Advisers, LLC reported 35 stock positions worth $315.8 million. Its top holding was Ftai Infrastructure (FIP) at 12.5% of the portfolio, followed by Equinix (EQIX, 7.5%) and American Tower (AMT, 6.8%). Compared with Q1 2024, it opened 3 new positions, sold out of 1, added to 7 and reduced 22. The biggest buy was a new position in GE Vernova (GEV) and the biggest sale Prologis (PLD, shares −88%).
- Most Recent 13F
- Q3 2025
- Location
- SAN DIEGO, CA
- CIK
- 0001626691
- Portfolio Value
- $315.8M (Q2 2024)
- SEC Filing
- 0001626691-24-000006 ↗ filed Jul 31, 2024
Holdings Value
Holdings 35 stocks · $315.8M
| FIP Ftai Infrastructure Inc. | 12.51% | 4,577,573 | $39.5M | Reduce -10.4% |
| EQIX Equinix Inc. | 7.45% | 31,111 | $23.5M | Add +10.0% |
| AMT American Tower Corp. | 6.76% | 109,823 | $21.3M | Add +9.3% |
| SPG Simon Property Group Inc. | 5.81% | 120,787 | $18.3M | Add +2.3% |
| DLR Digital Realty Trust Inc. | 5.65% | 117,321 | $17.8M | Reduce -21.1% |
| FTAI Ftai Aviation Ltd. | 5.32% | 162,846 | $16.8M | Reduce -56.5% |
| NFE New Fortress Energy Inc. | 5.27% | 756,487 | $16.6M | Add +95.4% |
| DBRG Digitalbridge Group Inc. | 4.19% | 965,151 | $13.2M | Reduce -13.7% |
| MAC The Macerich Co. | 3.93% | 804,131 | $12.4M | Reduce -23.4% |
| IIPR Innovative Industrial Proper | 3.87% | 111,798 | $12.2M | Add +7.5% |
| GEV GE Vernova Inc. | 2.86% | 52,656 | $9.0M | New |
| MGM MGM Resorts International | 2.81% | 199,791 | $8.9M | Reduce -41.0% |
| BX Blackstone Inc. | 2.52% | 64,273 | $8.0M | Reduce -25.1% |
| ARE Alexandria Real Estate Equit | 2.45% | 66,102 | $7.7M | Reduce -34.6% |
| CZR Caesars Entertainment Inc. | 2.29% | 181,847 | $7.2M | No change |
| REXR Rexford Industrial Realty Inc. | 2.28% | 161,779 | $7.2M | Reduce -3.1% |
| EXR Extra Space Storage Inc. | 2.28% | 46,306 | $7.2M | Reduce -4.9% |
| CDZI Cadiz Inc. | 2.21% | 2,258,208 | $7.0M | Add +3.2% |
| KEX Kirby Corp. | 2.18% | 57,617 | $6.9M | New |
| COLD Americold Realty Trust Inc. | 2.12% | 262,399 | $6.7M | Reduce -20.9% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 2.06% | 72,534 | $6.5M | Add +184.5% |
| INVH Invitation Homes Inc. | 1.91% | 168,248 | $6.0M | Reduce -11.7% |
| WYNN WYNN Resorts Ltd. | 1.88% | 66,178 | $5.9M | Reduce -10.1% |
| VTR Ventas Inc. | 1.68% | 103,802 | $5.3M | Reduce -29.4% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 1.34% | 35,248 | $4.2M | Reduce -7.1% |
| AMH American Homes 4 Rent- A | 1.23% | 104,151 | $3.9M | Reduce -3.2% |
| CUBE Cubesmart | 1.11% | 77,491 | $3.5M | Reduce -16.0% |
| ELS Equity Lifestyle Properties | 1.09% | 52,855 | $3.4M | Reduce -3.3% |
| CCI Crown Castle Inc. | 0.76% | 24,694 | $2.4M | Reduce -49.2% |
| SBAC SBA Communications Corp. | 0.62% | 9,913 | $1.9M | Reduce -57.7% |
| PLD Prologis Inc. | 0.41% | 11,669 | $1.3M | Reduce -87.8% |
| CBRE CBRE Group Inc. Class A | 0.35% | 12,386 | $1.1M | No change |
| WELL Welltower Inc. | 0.32% | 9,753 | $1.0M | New |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.24% | 26,679 | $764K | Reduce -18.7% |
| PSA Public Storage | 0.23% | 2,579 | $742K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| PLD Prologis Inc. | Reduce -87.8% | 0.41% | −3.13 |
| DBRG Digitalbridge Group Inc. | Reduce -13.7% | 4.19% | −1.95 |
| FTAI Ftai Aviation Ltd. | Reduce -56.5% | 5.32% | −1.85 |
| MGM MGM Resorts International | Reduce -41.0% | 2.81% | −1.75 |
| BIPC Brookfield Infrastructure-A | Sold out | 0.00% | −1.45 |
| ARE Alexandria Real Estate Equit | Reduce -34.6% | 2.45% | −1.27 |
| MAC The Macerich Co. | Reduce -23.4% | 3.93% | −1.22 |
| SBAC SBA Communications Corp. | Reduce -57.7% | 0.62% | −0.83 |
| CCI Crown Castle Inc. | Reduce -49.2% | 0.76% | −0.70 |
| BX Blackstone Inc. | Reduce -25.1% | 2.52% | −0.69 |
| DLR Digital Realty Trust Inc. | Reduce -21.1% | 5.65% | −0.45 |
| WYNN WYNN Resorts Ltd. | Reduce -10.1% | 1.88% | −0.27 |
| COLD Americold Realty Trust Inc. | Reduce -20.9% | 2.12% | −0.23 |
| VTR Ventas Inc. | Reduce -29.4% | 1.68% | −0.14 |
| REXR Rexford Industrial Realty Inc. | Reduce -3.1% | 2.28% | −0.11 |
| CUBE Cubesmart | Reduce -16.0% | 1.11% | −0.08 |
| SUI Sun Communities Inc. | Reduce -7.1% | 1.34% | −0.05 |
| VICI Vici Properties Inc. | Reduce -18.7% | 0.24% | −0.04 |
| INVH Invitation Homes Inc. | Reduce -11.7% | 1.91% | −0.02 |
| ELS Equity Lifestyle Properties | Reduce -3.3% | 1.09% | +0.09 |
| AMH American Homes 4 Rent- A | Reduce -3.2% | 1.23% | +0.10 |
| EXR Extra Space Storage Inc. | Reduce -4.9% | 2.28% | +0.24 |
| FIP Ftai Infrastructure Inc. | Reduce -10.4% | 12.51% | +3.37 |
Portfolio Buys Q1 2024 → Q2 2024
| GEV GE Vernova Inc. | New | 2.86% | +2.86 |
| KEX Kirby Corp. | New | 2.18% | +2.18 |
| NFE New Fortress Energy Inc. | Add +95.4% | 5.27% | +1.89 |
| IRM Iron Mountain Inc. | Add +184.5% | 2.06% | +1.48 |
| AMT American Tower Corp. | Add +9.3% | 6.76% | +1.10 |
| EQIX Equinix Inc. | Add +10.0% | 7.45% | +0.80 |
| IIPR Innovative Industrial Proper | Add +7.5% | 3.87% | +0.80 |
| SPG Simon Property Group Inc. | Add +2.3% | 5.81% | +0.54 |
| CDZI Cadiz Inc. | Add +3.2% | 2.21% | +0.40 |
| WELL Welltower Inc. | New | 0.32% | +0.32 |
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 |