American Assets Capital Advisers, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 4, 2025), American Assets Capital Advisers, LLC reported 36 stock positions worth $94.7 million. Its top holding was Vanguard Short-Term Treasury (VGSH) at 14.3% of the portfolio, followed by Ftai Aviation (FTAI, 7.5%) and American Tower (AMT, 6.7%). Compared with Q2 2025, it sold out of 4, added to 18 and reduced 12. The biggest buy was Caesars Entertainment (CZR, shares +102%) and the biggest sale Ftai Infrastructure (FIP, shares −27%).
- Most Recent 13F
- Q3 2025
- Location
- SAN DIEGO, CA
- CIK
- 0001626691
- Portfolio Value
- $94.7M (Q3 2025)
- SEC Filing
- 0001626691-25-000013 ↗ filed Nov 4, 2025
Holdings Value
Holdings 36 stocks · $94.7M
| VGSH Vanguard Short-Term Treasury | 14.34% | 230,855 | $13.6M | No change |
| FTAI Ftai Aviation Ltd. | 7.54% | 42,838 | $7.1M | Reduce -9.4% |
| AMT American Tower Corp. | 6.74% | 33,206 | $6.4M | Add +1.1% |
| PLD Prologis Inc. | 5.98% | 49,450 | $5.7M | Add +11.7% |
| FIP Ftai Infrastructure Inc. | 5.93% | 1,287,999 | $5.6M | Reduce -27.1% |
| EQIX Equinix Inc. | 5.35% | 6,469 | $5.1M | Reduce -15.4% |
| CZR Caesars Entertainment Inc. | 4.85% | 170,109 | $4.6M | Add +102.3% |
| DLR Digital Realty Trust Inc. | 4.43% | 24,253 | $4.2M | Reduce -1.2% |
| SPG Simon Property Group Inc. | 4.36% | 22,028 | $4.1M | Reduce -2.3% |
| MAC The Macerich Co. | 3.35% | 174,287 | $3.2M | Reduce -19.3% |
| VTR Ventas Inc. | 3.15% | 42,584 | $3.0M | Reduce -1.7% |
| CDZI Cadiz Inc. | 2.99% | 601,113 | $2.8M | Reduce -38.6% |
| MGM MGM Resorts International | 2.64% | 72,068 | $2.5M | Add +22.4% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 2.63% | 24,433 | $2.5M | Add +6.4% |
| CBRE CBRE Group Inc. Class A | 2.61% | 15,698 | $2.5M | Add +46.9% |
| WELL Welltower Inc. | 2.39% | 12,723 | $2.3M | Add +36.1% |
| CCI Crown Castle Inc. | 2.36% | 23,206 | $2.2M | Add +12.1% |
| EXR Extra Space Storage Inc. | 2.30% | 15,490 | $2.2M | Add +4.6% |
| CSGP Costar Group Inc. | 2.17% | 24,364 | $2.1M | Add +60.6% |
| PSA Public Storage | 1.53% | 5,027 | $1.5M | Add +19.0% |
| ARE Alexandria Real Estate Equit | 1.52% | 17,316 | $1.4M | No change |
| Z Zillow Group Inc. Class C | 1.33% | 15,621 | $1.3M | Add +129.4% |
| INVH Invitation Homes Inc. | 1.29% | 41,767 | $1.2M | Reduce -8.8% |
| AVB Avalonbay Communities Inc. | 1.21% | 5,933 | $1.1M | Add +28.8% |
| SBAC SBA Communications Corp. | 1.05% | 5,131 | $992K | No change |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.98% | 14,274 | $924K | Add +23.3% |
| WY Weyerhaeuser Co. | 0.76% | 29,106 | $722K | Add +31.2% |
| REXR Rexford Industrial Realty Inc. | 0.66% | 15,239 | $626K | Reduce -63.7% |
| SUI Sun Communities Inc. filed as SUN CMNTYS INC | 0.63% | 4,609 | $595K | Reduce -52.0% |
| NLY Annaly Capital Management Inc. | 0.58% | 27,373 | $553K | Add +14.9% |
| AGNC AGNC Investment Corp. | 0.49% | 47,117 | $461K | Add +23.9% |
| AMH American Homes 4 Rent- A | 0.47% | 13,335 | $443K | Add +17.7% |
| KEX Kirby Corp. | 0.45% | 5,112 | $427K | Reduce -29.1% |
| ELS Equity Lifestyle Properties | 0.45% | 7,022 | $426K | No change |
| CUBE Cubesmart | 0.37% | 8,535 | $347K | No change |
| COLD Americold Realty Trust Inc. | 0.13% | 10,064 | $123K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| FIP Ftai Infrastructure Inc. | Reduce -27.1% | 5.93% | −5.02 |
| NFE New Fortress Energy Inc. | Sold out | 0.00% | −2.41 |
| GEV GE Vernova Inc. | Sold out | 0.00% | −1.60 |
| VICI Vici Properties Inc. | Sold out | 0.00% | −1.19 |
| REXR Rexford Industrial Realty Inc. | Reduce -63.7% | 0.66% | −0.84 |
| EQIX Equinix Inc. | Reduce -15.4% | 5.35% | −0.77 |
| SUI Sun Communities Inc. | Reduce -52.0% | 0.63% | −0.59 |
| BX Blackstone Inc. | Sold out | 0.00% | −0.52 |
| KEX Kirby Corp. | Reduce -29.1% | 0.45% | −0.37 |
| INVH Invitation Homes Inc. | Reduce -8.8% | 1.29% | −0.22 |
| MAC The Macerich Co. | Reduce -19.3% | 3.35% | −0.16 |
| CDZI Cadiz Inc. | Reduce -38.6% | 2.99% | +0.05 |
| DLR Digital Realty Trust Inc. | Reduce -1.2% | 4.43% | +0.13 |
| VTR Ventas Inc. | Reduce -1.7% | 3.15% | +0.40 |
| SPG Simon Property Group Inc. | Reduce -2.3% | 4.36% | +0.72 |
| FTAI Ftai Aviation Ltd. | Reduce -9.4% | 7.54% | +2.08 |
Portfolio Buys Q2 2025 → Q3 2025
| CZR Caesars Entertainment Inc. | Add +102.3% | 4.85% | +2.45 |
| PLD Prologis Inc. | Add +11.7% | 5.98% | +1.30 |
| CBRE CBRE Group Inc. Class A | Add +46.9% | 2.61% | +1.11 |
| WELL Welltower Inc. | Add +36.1% | 2.39% | +0.95 |
| CSGP Costar Group Inc. | Add +60.6% | 2.17% | +0.94 |
| Z Zillow Group Inc. Class C | Add +129.4% | 1.33% | +0.85 |
| MGM MGM Resorts International | Add +22.4% | 2.64% | +0.60 |
| PSA Public Storage | Add +19.0% | 1.53% | +0.29 |
| AVB Avalonbay Communities Inc. | Add +28.8% | 1.21% | +0.27 |
| IRM Iron Mountain Inc. | Add +6.4% | 2.63% | +0.26 |
| CCI Crown Castle Inc. | Add +12.1% | 2.36% | +0.23 |
| VMRK Vivmark Residential | Add +23.3% | 0.98% | +0.19 |
| WY Weyerhaeuser Co. | Add +31.2% | 0.76% | +0.19 |
| AGNC AGNC Investment Corp. | Add +23.9% | 0.49% | +0.14 |
| NLY Annaly Capital Management Inc. | Add +14.9% | 0.58% | +0.13 |
| EXR Extra Space Storage Inc. | Add +4.6% | 2.30% | +0.11 |
| AMH American Homes 4 Rent- A | Add +17.7% | 0.47% | +0.06 |
| AMT American Tower Corp. | Add +1.1% | 6.74% | −0.55 |
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 |