American Assets Capital Advisers, LLC
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), American Assets Capital Advisers, LLC reported 40 stock positions worth $299.7 million. Its top holding was New Fortress Energy (NFE) at 12.3% of the portfolio, followed by Ftai Infrastructure (FIP, 7.9%) and Equinix (EQIX, 7.7%). Compared with Q3 2024, it opened 3 new positions, added to 12 and reduced 21. The biggest buy was New Fortress Energy (NFE, shares +56%) and the biggest sale Ftai Infrastructure (FIP, shares −9%).
- Most Recent 13F
- Q3 2025
- Location
- SAN DIEGO, CA
- CIK
- 0001626691
- Portfolio Value
- $299.7M (Q4 2024)
- SEC Filing
- 0001581794-25-000003 ↗ filed Feb 10, 2025
Holdings Value
Holdings 40 stocks · $299.7M
| NFE New Fortress Energy Inc. | 12.26% | 2,430,812 | $36.8M | Add +56.3% |
| FIP Ftai Infrastructure Inc. | 7.93% | 3,273,011 | $23.8M | Reduce -8.6% |
| EQIX Equinix Inc. | 7.71% | 24,513 | $23.1M | Reduce -16.1% |
| AMT American Tower Corp. | 6.04% | 98,620 | $18.1M | Reduce -5.2% |
| MGM MGM Resorts International | 6.02% | 520,334 | $18.0M | Add +10.8% |
| WYNN WYNN Resorts Ltd. | 5.38% | 187,138 | $16.1M | Reduce -12.1% |
| DBRG Digitalbridge Group Inc. | 4.59% | 1,220,714 | $13.8M | Reduce -8.0% |
| DLR Digital Realty Trust Inc. | 4.41% | 74,463 | $13.2M | Reduce -0.2% |
| FTAI Ftai Aviation Ltd. | 4.33% | 90,123 | $13.0M | Reduce -35.3% |
| CDZI Cadiz Inc. | 4.14% | 2,384,208 | $12.4M | Add +5.6% |
| SPG Simon Property Group Inc. | 4.08% | 71,072 | $12.2M | Reduce -29.4% |
| GEV GE Vernova Inc. | 3.43% | 31,242 | $10.3M | Reduce -40.7% |
| BX Blackstone Inc. | 3.38% | 58,823 | $10.1M | No change |
| CZR Caesars Entertainment Inc. | 2.74% | 245,905 | $8.2M | New |
| EXR Extra Space Storage Inc. | 2.20% | 44,079 | $6.6M | No change |
| KEX Kirby Corp. | 2.11% | 59,792 | $6.3M | Add +3.8% |
| MAC The Macerich Co. | 1.96% | 295,202 | $5.9M | Reduce -9.7% |
| VTR Ventas Inc. | 1.75% | 89,238 | $5.3M | Reduce -14.0% |
| COLD Americold Realty Trust Inc. | 1.64% | 229,271 | $4.9M | Reduce -8.4% |
| REXR Rexford Industrial Realty Inc. | 1.53% | 118,937 | $4.6M | Reduce -1.6% |
| INVH Invitation Homes Inc. | 1.43% | 133,983 | $4.3M | Reduce -20.4% |
| IIPR Innovative Industrial Proper | 1.41% | 63,351 | $4.2M | No change |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 1.13% | 27,555 | $3.4M | Reduce -19.4% |
| ELS Equity Lifestyle Properties | 1.02% | 45,871 | $3.1M | Reduce -5.9% |
| CUBE Cubesmart | 0.97% | 67,766 | $2.9M | Reduce -12.6% |
| AMH American Homes 4 Rent- A | 0.89% | 71,629 | $2.7M | Reduce -13.9% |
| PLD Prologis Inc. | 0.85% | 24,159 | $2.6M | Add +19.9% |
| CCI Crown Castle Inc. | 0.81% | 26,694 | $2.4M | Add +8.1% |
| SBAC SBA Communications Corp. | 0.67% | 9,913 | $2.0M | No change |
| CBRE CBRE Group Inc. Class A | 0.46% | 10,594 | $1.4M | Add +7.5% |
| WELL Welltower Inc. | 0.43% | 10,296 | $1.3M | Add +19.6% |
| PSA Public Storage | 0.42% | 4,225 | $1.3M | Add +63.8% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.33% | 33,979 | $993K | Add +13.3% |
| AVB Avalonbay Communities Inc. | 0.29% | 3,958 | $871K | Reduce -12.0% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.28% | 11,577 | $831K | Add +70.3% |
| CSGP Costar Group Inc. | 0.23% | 9,534 | $683K | Add +39.5% |
| WY Weyerhaeuser Co. | 0.21% | 22,192 | $625K | New |
| ARE Alexandria Real Estate Equit | 0.18% | 5,532 | $540K | Reduce -91.0% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.18% | 4,993 | $525K | Reduce -6.1% |
| Z Zillow Group Inc. Class C | 0.17% | 6,808 | $504K | New |
Portfolio Sells Q3 2024 → Q4 2024
| FIP Ftai Infrastructure Inc. | Reduce -8.6% | 7.93% | −2.36 |
| ARE Alexandria Real Estate Equit | Reduce -91.0% | 0.18% | −2.05 |
| AMT American Tower Corp. | Reduce -5.2% | 6.04% | −1.39 |
| FTAI Ftai Aviation Ltd. | Reduce -35.3% | 4.33% | −1.35 |
| DBRG Digitalbridge Group Inc. | Reduce -8.0% | 4.59% | −1.16 |
| SPG Simon Property Group Inc. | Reduce -29.4% | 4.08% | −1.14 |
| WYNN WYNN Resorts Ltd. | Reduce -12.1% | 5.38% | −0.89 |
| GEV GE Vernova Inc. | Reduce -40.7% | 3.43% | −0.69 |
| COLD Americold Realty Trust Inc. | Reduce -8.4% | 1.64% | −0.54 |
| INVH Invitation Homes Inc. | Reduce -20.4% | 1.43% | −0.39 |
| REXR Rexford Industrial Realty Inc. | Reduce -1.6% | 1.53% | −0.33 |
| CUBE Cubesmart | Reduce -12.6% | 0.97% | −0.31 |
| VTR Ventas Inc. | Reduce -14.0% | 1.75% | −0.29 |
| SUI Sun Communities Inc. | Reduce -19.4% | 1.13% | −0.29 |
| EQIX Equinix Inc. | Reduce -16.1% | 7.71% | −0.25 |
| AMH American Homes 4 Rent- A | Reduce -13.9% | 0.89% | −0.09 |
| ELS Equity Lifestyle Properties | Reduce -5.9% | 1.02% | −0.05 |
| AVB Avalonbay Communities Inc. | Reduce -12.0% | 0.29% | −0.02 |
| IRM Iron Mountain Inc. | Reduce -6.1% | 0.18% | −0.02 |
| MAC The Macerich Co. | Reduce -9.7% | 1.96% | +0.13 |
| DLR Digital Realty Trust Inc. | Reduce -0.2% | 4.41% | +0.70 |
Portfolio Buys Q3 2024 → Q4 2024
| NFE New Fortress Energy Inc. | Add +56.3% | 12.26% | +7.67 |
| CZR Caesars Entertainment Inc. | New | 2.74% | +2.74 |
| CDZI Cadiz Inc. | Add +5.6% | 4.14% | +2.04 |
| MGM MGM Resorts International | Add +10.8% | 6.02% | +0.38 |
| WY Weyerhaeuser Co. | New | 0.21% | +0.21 |
| Z Zillow Group Inc. Class C | New | 0.17% | +0.17 |
| PSA Public Storage | Add +63.8% | 0.42% | +0.13 |
| VMRK Vivmark Residential | Add +70.3% | 0.28% | +0.12 |
| WELL Welltower Inc. | Add +19.6% | 0.43% | +0.09 |
| CBRE CBRE Group Inc. Class A | Add +7.5% | 0.46% | +0.09 |
| PLD Prologis Inc. | Add +19.9% | 0.85% | +0.07 |
| CSGP Costar Group Inc. | Add +39.5% | 0.23% | +0.07 |
| VICI Vici Properties Inc. | Add +13.3% | 0.33% | +0.02 |
| KEX Kirby Corp. | Add +3.8% | 2.11% | −0.05 |
| CCI Crown Castle Inc. | Add +8.1% | 0.81% | −0.09 |
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 |