American Assets Capital Advisers, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 5, 2024), American Assets Capital Advisers, LLC reported 37 stock positions worth $325.8 million. Its top holding was Ftai Infrastructure (FIP) at 10.3% of the portfolio, followed by Equinix (EQIX, 8.0%) and American Tower (AMT, 7.4%). Compared with Q2 2024, it opened 3 new positions, sold out of 1, added to 6 and reduced 19. The biggest buy was WYNN Resorts (WYNN, shares +222%) and the biggest sale an exit from Caesars Entertainment (CZR).
- Most Recent 13F
- Q3 2025
- Location
- SAN DIEGO, CA
- CIK
- 0001626691
- Portfolio Value
- $325.8M (Q3 2024)
- SEC Filing
- 0001626691-24-000015 ↗ filed Nov 5, 2024
Holdings Value
Holdings 37 stocks · $325.8M
| FIP Ftai Infrastructure Inc. | 10.29% | 3,581,221 | $33.5M | Reduce -21.8% |
| EQIX Equinix Inc. | 7.96% | 29,233 | $25.9M | Reduce -6.0% |
| AMT American Tower Corp. | 7.42% | 104,000 | $24.2M | Reduce -5.3% |
| WYNN WYNN Resorts Ltd. | 6.27% | 213,001 | $20.4M | Add +221.9% |
| DBRG Digitalbridge Group Inc. | 5.75% | 1,326,085 | $18.7M | Add +37.4% |
| FTAI Ftai Aviation Ltd. | 5.68% | 139,304 | $18.5M | Reduce -14.5% |
| MGM MGM Resorts International | 5.63% | 469,552 | $18.4M | Add +135.0% |
| SPG Simon Property Group Inc. | 5.23% | 100,731 | $17.0M | Reduce -16.6% |
| NFE New Fortress Energy Inc. | 4.59% | 1,555,767 | $15.0M | Add +105.7% |
| GEV GE Vernova Inc. | 4.12% | 52,656 | $13.4M | No change |
| DLR Digital Realty Trust Inc. | 3.71% | 74,630 | $12.1M | Reduce -36.4% |
| BX Blackstone Inc. | 2.76% | 58,823 | $9.0M | Reduce -8.5% |
| IIPR Innovative Industrial Proper | 2.62% | 63,351 | $8.5M | Reduce -43.3% |
| EXR Extra Space Storage Inc. | 2.44% | 44,079 | $7.9M | Reduce -4.8% |
| ARE Alexandria Real Estate Equit | 2.23% | 61,174 | $7.3M | Reduce -7.5% |
| COLD Americold Realty Trust Inc. | 2.17% | 250,399 | $7.1M | Reduce -4.6% |
| KEX Kirby Corp. | 2.17% | 57,617 | $7.1M | No change |
| CDZI Cadiz Inc. | 2.10% | 2,258,208 | $6.8M | No change |
| VTR Ventas Inc. | 2.04% | 103,802 | $6.7M | No change |
| REXR Rexford Industrial Realty Inc. | 1.87% | 120,937 | $6.1M | Reduce -25.3% |
| MAC The Macerich Co. | 1.83% | 326,754 | $6.0M | Reduce -59.4% |
| INVH Invitation Homes Inc. | 1.82% | 168,248 | $5.9M | No change |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 1.42% | 34,194 | $4.6M | Reduce -3.0% |
| CUBE Cubesmart | 1.28% | 77,491 | $4.2M | No change |
| ELS Equity Lifestyle Properties | 1.07% | 48,755 | $3.5M | Reduce -7.8% |
| AMH American Homes 4 Rent- A | 0.98% | 83,151 | $3.2M | Reduce -20.2% |
| CCI Crown Castle Inc. | 0.90% | 24,694 | $2.9M | No change |
| PLD Prologis Inc. | 0.78% | 20,144 | $2.5M | Add +72.6% |
| SBAC SBA Communications Corp. | 0.73% | 9,913 | $2.4M | No change |
| CBRE CBRE Group Inc. Class A | 0.38% | 9,858 | $1.2M | Reduce -20.4% |
| WELL Welltower Inc. | 0.34% | 8,612 | $1.1M | Reduce -11.7% |
| AVB Avalonbay Communities Inc. | 0.31% | 4,500 | $1.0M | New |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.31% | 29,979 | $999K | Add +12.4% |
| PSA Public Storage | 0.29% | 2,579 | $938K | No change |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.19% | 5,318 | $632K | Reduce -92.7% |
| CSGP Costar Group Inc. | 0.16% | 6,834 | $516K | New |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.16% | 6,800 | $506K | New |
Portfolio Sells Q2 2024 → Q3 2024
| CZR Caesars Entertainment Inc. | Sold out | 0.00% | −2.29 |
| FIP Ftai Infrastructure Inc. | Reduce -21.8% | 10.29% | −2.22 |
| MAC The Macerich Co. | Reduce -59.4% | 1.83% | −2.10 |
| DLR Digital Realty Trust Inc. | Reduce -36.4% | 3.71% | −1.94 |
| IRM Iron Mountain Inc. | Reduce -92.7% | 0.19% | −1.86 |
| IIPR Innovative Industrial Proper | Reduce -43.3% | 2.62% | −1.25 |
| SPG Simon Property Group Inc. | Reduce -16.6% | 5.23% | −0.58 |
| REXR Rexford Industrial Realty Inc. | Reduce -25.3% | 1.87% | −0.42 |
| AMH American Homes 4 Rent- A | Reduce -20.2% | 0.98% | −0.25 |
| ARE Alexandria Real Estate Equit | Reduce -7.5% | 2.23% | −0.22 |
| ELS Equity Lifestyle Properties | Reduce -7.8% | 1.07% | −0.02 |
| WELL Welltower Inc. | Reduce -11.7% | 0.34% | +0.02 |
| CBRE CBRE Group Inc. Class A | Reduce -20.4% | 0.38% | +0.03 |
| COLD Americold Realty Trust Inc. | Reduce -4.6% | 2.17% | +0.05 |
| SUI Sun Communities Inc. | Reduce -3.0% | 1.42% | +0.08 |
| EXR Extra Space Storage Inc. | Reduce -4.8% | 2.44% | +0.16 |
| BX Blackstone Inc. | Reduce -8.5% | 2.76% | +0.25 |
| FTAI Ftai Aviation Ltd. | Reduce -14.5% | 5.68% | +0.36 |
| EQIX Equinix Inc. | Reduce -6.0% | 7.96% | +0.51 |
| AMT American Tower Corp. | Reduce -5.3% | 7.42% | +0.66 |
Portfolio Buys Q2 2024 → Q3 2024
| WYNN WYNN Resorts Ltd. | Add +221.9% | 6.27% | +4.39 |
| MGM MGM Resorts International | Add +135.0% | 5.63% | +2.82 |
| DBRG Digitalbridge Group Inc. | Add +37.4% | 5.75% | +1.56 |
| PLD Prologis Inc. | Add +72.6% | 0.78% | +0.37 |
| AVB Avalonbay Communities Inc. | New | 0.31% | +0.31 |
| CSGP Costar Group Inc. | New | 0.16% | +0.16 |
| VMRK Vivmark Residential | New | 0.16% | +0.16 |
| VICI Vici Properties Inc. | Add +12.4% | 0.31% | +0.06 |
| NFE New Fortress Energy Inc. | Add +105.7% | 4.59% | −0.67 |
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 |