American Assets Capital Advisers, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), American Assets Capital Advisers, LLC reported 40 stock positions worth $239.0 million. Its top holding was American Tower (AMT) at 8.1% of the portfolio, followed by Ftai Aviation (FTAI, 7.0%) and Ftai Infrastructure (FIP, 6.8%). Compared with Q4 2024, it opened 3 new positions, sold out of 3, added to 11 and reduced 20. The biggest buy was a new position in Vanguard Short-Term Treasury (VGSH) and the biggest sale New Fortress Energy (NFE, shares −24%).
- Most Recent 13F
- Q3 2025
- Location
- SAN DIEGO, CA
- CIK
- 0001626691
- Portfolio Value
- $239.0M (Q1 2025)
- SEC Filing
- 0001626691-25-000003 ↗ filed May 8, 2025
Holdings Value
Holdings 40 stocks · $239.0M
| AMT American Tower Corp. | 8.10% | 88,997 | $19.4M | Reduce -9.8% |
| FTAI Ftai Aviation Ltd. | 6.96% | 149,929 | $16.6M | Add +66.4% |
| FIP Ftai Infrastructure Inc. | 6.79% | 3,584,490 | $16.2M | Add +9.5% |
| NFE New Fortress Energy Inc. | 6.46% | 1,859,106 | $15.4M | Reduce -23.5% |
| EQIX Equinix Inc. | 5.92% | 17,359 | $14.2M | Reduce -29.2% |
| WYNN WYNN Resorts Ltd. | 5.86% | 167,829 | $14.0M | Reduce -10.3% |
| VGSH Vanguard Short-Term Treasury | 5.58% | 227,755 | $13.3M | New |
| CCI Crown Castle Inc. | 4.35% | 99,728 | $10.4M | Add +273.6% |
| SPG Simon Property Group Inc. | 4.33% | 62,330 | $10.4M | Reduce -12.3% |
| MAC The Macerich Co. | 4.13% | 574,712 | $9.9M | Add +94.7% |
| VTR Ventas Inc. | 3.40% | 118,075 | $8.1M | Add +32.3% |
| DLR Digital Realty Trust Inc. | 3.39% | 56,511 | $8.1M | Reduce -24.1% |
| BX Blackstone Inc. | 2.77% | 47,351 | $6.6M | Reduce -19.5% |
| EXR Extra Space Storage Inc. | 2.37% | 38,211 | $5.7M | Reduce -13.3% |
| CDZI Cadiz Inc. | 2.33% | 1,897,217 | $5.6M | Reduce -20.4% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 2.06% | 57,193 | $4.9M | Add +1045.5% |
| SBAC SBA Communications Corp. | 1.97% | 21,372 | $4.7M | Add +115.6% |
| MGM MGM Resorts International | 1.92% | 155,067 | $4.6M | Reduce -70.2% |
| INVH Invitation Homes Inc. | 1.79% | 122,633 | $4.3M | Reduce -8.5% |
| KEX Kirby Corp. | 1.77% | 41,845 | $4.2M | Reduce -30.0% |
| GEV GE Vernova Inc. | 1.75% | 13,703 | $4.2M | Reduce -56.1% |
| NLY Annaly Capital Management Inc. | 1.74% | 204,447 | $4.2M | New |
| AGNC AGNC Investment Corp. | 1.73% | 430,872 | $4.1M | New |
| REXR Rexford Industrial Realty Inc. | 1.71% | 104,156 | $4.1M | Reduce -12.4% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 1.42% | 26,315 | $3.4M | Reduce -4.5% |
| PLD Prologis Inc. | 1.22% | 26,159 | $2.9M | Add +8.3% |
| ELS Equity Lifestyle Properties | 1.17% | 41,921 | $2.8M | Reduce -8.6% |
| CUBE Cubesmart | 1.08% | 60,317 | $2.6M | Reduce -11.0% |
| AMH American Homes 4 Rent- A | 1.02% | 64,443 | $2.4M | Reduce -10.0% |
| COLD Americold Realty Trust Inc. | 0.93% | 103,820 | $2.2M | Reduce -54.7% |
| WELL Welltower Inc. | 0.60% | 9,346 | $1.4M | Reduce -9.2% |
| CBRE CBRE Group Inc. Class A | 0.58% | 10,594 | $1.4M | No change |
| PSA Public Storage | 0.53% | 4,225 | $1.3M | No change |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.49% | 36,184 | $1.2M | Add +6.5% |
| AVB Avalonbay Communities Inc. | 0.41% | 4,608 | $989K | Add +16.4% |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.35% | 11,577 | $829K | No change |
| CSGP Costar Group Inc. | 0.32% | 9,534 | $755K | No change |
| WY Weyerhaeuser Co. | 0.27% | 22,192 | $650K | No change |
| ARE Alexandria Real Estate Equit | 0.24% | 6,156 | $569K | Add +11.3% |
| Z Zillow Group Inc. Class C | 0.20% | 6,808 | $468K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| NFE New Fortress Energy Inc. | Reduce -23.5% | 6.46% | −5.80 |
| DBRG Digitalbridge Group Inc. | Sold out | 0.00% | −4.59 |
| MGM MGM Resorts International | Reduce -70.2% | 1.92% | −4.09 |
| CZR Caesars Entertainment Inc. | Sold out | 0.00% | −2.74 |
| CDZI Cadiz Inc. | Reduce -20.4% | 2.33% | −1.81 |
| EQIX Equinix Inc. | Reduce -29.2% | 5.92% | −1.79 |
| GEV GE Vernova Inc. | Reduce -56.1% | 1.75% | −1.68 |
| IIPR Innovative Industrial Proper | Sold out | 0.00% | −1.41 |
| DLR Digital Realty Trust Inc. | Reduce -24.1% | 3.39% | −1.02 |
| COLD Americold Realty Trust Inc. | Reduce -54.7% | 0.93% | −0.70 |
| BX Blackstone Inc. | Reduce -19.5% | 2.77% | −0.61 |
| KEX Kirby Corp. | Reduce -30.0% | 1.77% | −0.34 |
| CUBE Cubesmart | Reduce -11.0% | 1.08% | +0.11 |
| AMH American Homes 4 Rent- A | Reduce -10.0% | 1.02% | +0.13 |
| ELS Equity Lifestyle Properties | Reduce -8.6% | 1.17% | +0.15 |
| WELL Welltower Inc. | Reduce -9.2% | 0.60% | +0.17 |
| REXR Rexford Industrial Realty Inc. | Reduce -12.4% | 1.71% | +0.17 |
| EXR Extra Space Storage Inc. | Reduce -13.3% | 2.37% | +0.17 |
| SPG Simon Property Group Inc. | Reduce -12.3% | 4.33% | +0.25 |
| SUI Sun Communities Inc. | Reduce -4.5% | 1.42% | +0.29 |
| INVH Invitation Homes Inc. | Reduce -8.5% | 1.79% | +0.36 |
| WYNN WYNN Resorts Ltd. | Reduce -10.3% | 5.86% | +0.48 |
| AMT American Tower Corp. | Reduce -9.8% | 8.10% | +2.07 |
Portfolio Buys Q4 2024 → Q1 2025
| VGSH Vanguard Short-Term Treasury | New | 5.58% | +5.58 |
| CCI Crown Castle Inc. | Add +273.6% | 4.35% | +3.54 |
| FTAI Ftai Aviation Ltd. | Add +66.4% | 6.96% | +2.63 |
| MAC The Macerich Co. | Add +94.7% | 4.13% | +2.17 |
| IRM Iron Mountain Inc. | Add +1045.5% | 2.06% | +1.88 |
| NLY Annaly Capital Management Inc. | New | 1.74% | +1.74 |
| AGNC AGNC Investment Corp. | New | 1.73% | +1.73 |
| VTR Ventas Inc. | Add +32.3% | 3.40% | +1.64 |
| SBAC SBA Communications Corp. | Add +115.6% | 1.97% | +1.29 |
| PLD Prologis Inc. | Add +8.3% | 1.22% | +0.37 |
| VICI Vici Properties Inc. | Add +6.5% | 0.49% | +0.16 |
| AVB Avalonbay Communities Inc. | Add +16.4% | 0.41% | +0.12 |
| ARE Alexandria Real Estate Equit | Add +11.3% | 0.24% | +0.06 |
| FIP Ftai Infrastructure Inc. | Add +9.5% | 6.79% | −1.13 |
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 |