American Assets Investment Management, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 31, 2024), American Assets Investment Management, LLC reported 161 stock positions worth $1.1 billion. Its top holding was Exxon Mobil (XOM) at 4.8% of the portfolio, followed by Bank of America (BAC, 4.2%) and Apple (AAPL, 4.1%). Compared with Q1 2024, it opened 4 new positions, sold out of 12, added to 7 and reduced 5. The biggest buy was Bank of America (BAC, shares +47%) and the biggest sale an exit from Expand Energy (EXE).

Most Recent 13F
Q2 2026
Location
SAN DIEGO, CA
CIK
0001389256
Portfolio Value
$1.1B (Q2 2024)
SEC Filing
0001389256-24-000016 ↗ filed Jul 31, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.1B Q1 2024 Q2 2024: $1.1B $1.1B Q2 2024 Q3 2024: $1.1B Q3 2024 Q4 2024: $1.2B Q4 2024 Q1 2025: $1.1B Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.4B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.7B Q2 2026

Holdings 161 stocks · $1.1B
XOM Exxon Mobil Corp. 4.85% 450,000 $51.8M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 4.20% 1,128,950 $44.9M Add +47.2%
AAPL Apple Inc. 4.14% 210,000 $44.2M No change
MSFT Microsoft Corp. 3.75% 89,650 $40.1M No change
JPM JPMorgan Chase & Co. 3.36% 177,600 $35.9M No change
AAT American Assets Trust Inc. 3.09% 1,475,336 $33.0M No change
WFC Wells Fargo & Co. 3.08% 555,000 $33.0M No change
CVX Chevron Corp. 2.63% 180,000 $28.2M No change
GS Goldman Sachs Group Inc. 2.29% 54,000 $24.4M No change
PSX Phillips 66 1.69% 127,800 $18.0M No change
ESS Essex Property Trust Inc. 1.52% 59,500 $16.2M No change
SHEL Shell PLC-ADR 1.49% 221,000 $16.0M No change
MRK Merck & Co. Inc. 1.45% 125,000 $15.5M No change
CAT Caterpillar Inc. 1.40% 45,000 $15.0M No change
TFC Truist Financial Corp. 1.40% 384,000 $14.9M No change
COF Capital One Financial Corp. 1.29% 99,500 $13.8M No change
LEN Lennar Corp. Class A 1.21% 86,370 $12.9M No change
RY Royal Bank of Canada 1.03% 103,500 $11.0M No change
AMGN Amgen Inc. 1.03% 35,190 $11.0M No change
WMT Walmart Inc. 1.03% 162,000 $11.0M No change
LLY Eli Lilly & Co. 1.02% 12,000 $10.9M No change
USB US Bancorp 1.00% 270,000 $10.7M No change
FDX FedEx Corp. 0.98% 35,000 $10.5M No change
TSM Taiwan Semiconductor-SP ADR 0.98% 60,000 $10.4M No change
ABBV Abbvie Inc. 0.97% 60,294 $10.3M No change
KR Kroger Co. 0.96% 206,150 $10.3M No change
TTE Totalenergies SE -Spon ADR 0.94% 150,000 $10.0M No change
NVS Novartis AG-Sponsored ADR 0.93% 93,610 $10.0M No change
C Citigroup Inc. 0.93% 156,400 $9.9M No change
KO The Coca-Cola Co. 0.89% 150,060 $9.6M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.89% 55,000 $9.5M No change
PRU Prudential Financial Inc. 0.88% 80,459 $9.4M No change
UL Unilever PLC 0.87% 170,000 $9.3M No change
PNC PNC Financial Services Group 0.87% 60,000 $9.3M No change
RGTI Rigetti Computing Inc. 0.84% 8,439,169 $9.0M No change
MS Morgan Stanley 0.84% 92,000 $8.9M No change
GOOGL Alphabet Inc. Class A 0.83% 49,000 $8.9M No change
TD Toronto-Dominion Bank 0.80% 155,000 $8.5M No change
GE General Electric filed as GE AEROSPACE 0.78% 52,500 $8.3M No change
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.75% 96,000 $8.0M No change
COP Conocophillips 0.75% 70,000 $8.0M No change
DE Deere & Co. 0.70% 20,000 $7.5M No change
MCHP Microchip Technology Inc. 0.68% 80,000 $7.3M No change
JNJ Johnson & Johnson 0.68% 50,000 $7.3M No change
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.68% 166,918 $7.3M No change
MET Metlife Inc. 0.68% 103,304 $7.3M No change
EIX Edison International 0.67% 100,000 $7.2M No change
SRE Sempra 0.65% 92,000 $7.0M No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.65% 100,000 $6.9M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.64% 115,000 $6.9M No change
CEG Constellation Energy 0.62% 33,333 $6.7M No change
PEP Pepsico Inc. 0.61% 39,800 $6.6M No change
NOC Northrop Grumman Corp. 0.61% 15,000 $6.5M No change
SCHW Schwab (charles) Corp. 0.60% 86,674 $6.4M No change
CB Chubb Ltd. 0.60% 25,000 $6.4M No change
PNW Pinnacle West Capital 0.59% 83,000 $6.3M No change
STT State Street Corp. 0.59% 85,000 $6.3M No change
PFE Pfizer Inc. 0.58% 220,000 $6.2M No change
TM Toyota Motor Corp. -Spon ADR 0.58% 30,000 $6.1M No change
VZ Verizon Communications Inc. 0.54% 140,000 $5.8M No change
PPG PPG Industries Inc. 0.53% 45,250 $5.7M No change
MDT Medtronic PLC 0.53% 71,632 $5.6M No change
BA The Boeing Co. 0.51% 30,000 $5.5M New
BMY Bristol-Myers Squibb Co. 0.49% 127,000 $5.3M No change
AEP American Electric Power 0.49% 60,000 $5.3M No change
HLT Hilton Worldwide Holdings Inc. 0.48% 23,332 $5.1M No change
NTRS Northern Trust Corp. 0.47% 60,000 $5.0M No change
JEF Jefferies Financial Group Inc. 0.47% 100,000 $5.0M No change
AMD Advanced Micro Devices 0.46% 30,000 $4.9M No change
AMP Ameriprise Financial Inc. 0.45% 11,250 $4.8M No change
CVS CVS Health Corp. 0.44% 80,000 $4.7M No change
BIIB Biogen Inc. 0.43% 20,000 $4.6M No change
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.43% 100,000 $4.6M No change
ALLY Ally Financial Inc. 0.43% 115,000 $4.6M No change
WDC Western Digital Corp. 0.43% 60,000 $4.5M No change
URI United Rentals Inc. 0.42% 7,000 $4.5M No change
DGX Quest Diagnostics Inc. 0.41% 32,000 $4.4M No change
DD Dupont DE Nemours Inc. 0.41% 53,943 $4.3M No change
NRG NRG Energy Inc. 0.39% 53,146 $4.1M No change
MDLZ Mondelez International Inc. Class A 0.37% 61,010 $4.0M No change
WEC WEC Energy Group Inc. 0.37% 50,000 $3.9M No change
SNY Sanofi-ADR 0.36% 80,000 $3.9M No change
XEL Xcel Energy Inc. 0.35% 70,000 $3.7M No change
AIG American International Group 0.35% 50,000 $3.7M No change
LH Labcorp Holdings Inc. 0.34% 18,000 $3.7M No change
DOW Dow Inc. 0.34% 69,044 $3.7M No change
ET Energy Transfer LP 0.34% 225,800 $3.7M No change
NEE Nextera Energy Inc. 0.33% 50,000 $3.5M No change
EXC Exelon Corp. 0.32% 100,000 $3.5M No change
GEV GE Vernova Inc. 0.32% 20,005 $3.4M Add +52.4%
UNP Union Pacific Corp. 0.32% 15,000 $3.4M No change
CI The Cigna Group 0.31% 10,040 $3.3M No change
DUK Duke Energy Corp. 0.31% 32,666 $3.3M No change
UTHR United Therapeutics Corp. 0.30% 10,000 $3.2M No change
ABT Abbott Laboratories 0.30% 30,500 $3.2M No change
SBUX Starbucks Corp. 0.29% 40,000 $3.1M New
INTC Intel Corp. 0.29% 100,000 $3.1M New
SYK Stryker Corp. 0.29% 9,000 $3.1M No change
RTX RTX Corp. 0.28% 30,000 $3.0M No change
AA Alcoa Corp. 0.28% 75,000 $3.0M No change

Show all 161 holdings

Portfolio Sells Q1 2024 → Q2 2024
EXE Expand Energy Corp. Sold out 0.00% −0.21
VTS Vitesse Energy Inc. Reduce -81.3% 0.03% −0.15
PARAA Paramount Global Class B Reduce -38.2% 0.15% −0.13
CTRA Coterra Energy Inc. Reduce -45.5% 0.12% −0.11
AMT American Tower Corp. Sold out 0.00% −0.07
SPG Simon Property Group Inc. Sold out 0.00% −0.06
MAC The Macerich Co. Sold out 0.00% −0.06
PLD Prologis Inc. Sold out 0.00% −0.03
ARE Alexandria Real Estate Equit Sold out 0.00% −0.03
REXR Rexford Industrial Realty Inc. Sold out 0.00% −0.02
COLD Americold Realty Trust Inc. Sold out 0.00% −0.02
EXR Extra Space Storage Inc. Sold out 0.00% −0.02
BIPC Brookfield Infrastructure-A Sold out 0.00% −0.02
CUBE Cubesmart Sold out 0.00% −0.02
VTR Ventas Inc. Sold out 0.00% −0.02
MGM MGM Resorts International Reduce -19.5% 0.05% −0.02
DLR Digital Realty Trust Inc. Reduce -11.3% 0.07% −0.01

Portfolio Buys Q1 2024 → Q2 2024
BAC Bank of America Corp. Add +47.2% 4.20% +1.43
BA The Boeing Co. New 0.51% +0.51
SBUX Starbucks Corp. New 0.29% +0.29
INTC Intel Corp. New 0.29% +0.29
GEV GE Vernova Inc. Add +52.4% 0.32% +0.11
KEX Kirby Corp. New 0.09% +0.09
FIP Ftai Infrastructure Inc. Add +25.3% 0.17% +0.07
NFE New Fortress Energy Inc. Add +249.8% 0.12% +0.07
IIPR Innovative Industrial Proper Add +129.4% 0.12% +0.07
EQIX Equinix Inc. Add +69.1% 0.10% +0.04
CDZI Cadiz Inc. Add +82.2% 0.04% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 146$1.7BBAC, WFC, AAPL, JPM, XOM
Q1 2026 146$1.5BWFC, BAC, XOM, SHEL, JPM
Q4 2025 145$1.4BWFC, BAC, JPM, AAPL, XOM
Q3 2025 142$1.4BWFC, RGTI, BAC, JPM, AAPL
Q2 2025 143$1.2BWFC, BAC, JPM, MSFT, RGTI
Q1 2025Amended 146$1.1BXOM, BAC, AAPL, JPM, WFC
Q4 2024Amended 155$1.2BRGTI, AAPL, BAC, XOM, JPM
Q3 2024 160$1.1BXOM, AAPL, BAC, AAT, MSFT
Q2 2024 161$1.1BXOM, BAC, AAPL, MSFT, JPM
Q1 2024 168$1.1BXOM, MSFT, AAPL, JPM, AAT