American Assets Investment Management, LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 10, 2025), American Assets Investment Management, LLC reported 155 stock positions worth $1.2 billion. Its top holding was Rigetti Computing (RGTI) at 9.0% of the portfolio, followed by Apple (AAPL, 4.3%) and Bank of America (BAC, 4.0%). Compared with Q3 2024, it opened 4 new positions, sold out of 9, added to 6 and reduced 7. The biggest buy was New Fortress Energy (NFE, shares +65%) and the biggest sale an exit from Boeing (BA).

Most Recent 13F
Q2 2026
Location
SAN DIEGO, CA
CIK
0001389256
Portfolio Value
$1.2B (Q4 2024)
SEC Filing
0001581794-25-000005 ↗ filed Feb 10, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.1B Q1 2024 Q2 2024: $1.1B Q2 2024 Q3 2024: $1.1B Q3 2024 Q4 2024: $1.2B $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 155 stocks · $1.2B
RGTI Rigetti Computing Inc. 8.97% 7,221,216 $110.2M Reduce -10.6%
AAPL Apple Inc. 4.28% 210,000 $52.6M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 4.04% 1,128,950 $49.6M No change
XOM Exxon Mobil Corp. 3.94% 450,000 $48.4M No change
JPM JPMorgan Chase & Co. 3.47% 177,600 $42.6M No change
WFC Wells Fargo & Co. 3.17% 555,000 $39.0M No change
AAT American Assets Trust Inc. 3.15% 1,475,336 $38.7M No change
MSFT Microsoft Corp. 3.08% 89,650 $37.8M No change
GS Goldman Sachs Group Inc. 2.52% 54,000 $30.9M No change
CVX Chevron Corp. 2.12% 180,000 $26.1M No change
COF Capital One Financial Corp. 1.44% 99,500 $17.7M No change
ESS Essex Property Trust Inc. 1.38% 59,500 $17.0M No change
TFC Truist Financial Corp. 1.36% 384,000 $16.7M No change
CAT Caterpillar Inc. 1.33% 45,000 $16.3M No change
PSX Phillips 66 1.21% 130,800 $14.9M Add +2.4%
WMT Walmart Inc. 1.19% 162,000 $14.6M No change
SHEL Shell PLC-ADR 1.13% 221,000 $13.8M No change
USB US Bancorp 1.05% 270,000 $12.9M No change
KR Kroger Co. 1.03% 206,150 $12.6M No change
RY Royal Bank of Canada 1.02% 103,500 $12.5M No change
MRK Merck & Co. Inc. 1.01% 125,000 $12.4M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.98% 55,000 $12.1M No change
TSM Taiwan Semiconductor-SP ADR 0.96% 60,000 $11.8M No change
LEN Lennar Corp. Class A 0.96% 86,370 $11.8M No change
PNC PNC Financial Services Group 0.94% 60,000 $11.6M No change
MS Morgan Stanley 0.94% 92,000 $11.6M No change
C Citigroup Inc. 0.90% 156,400 $11.0M No change
ABBV Abbvie Inc. 0.87% 60,294 $10.7M No change
FDX FedEx Corp. 0.80% 35,000 $9.8M No change
UL Unilever PLC 0.78% 170,000 $9.6M No change
PRU Prudential Financial Inc. 0.78% 80,459 $9.5M No change
KO The Coca-Cola Co. 0.76% 150,060 $9.3M No change
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.76% 96,000 $9.3M No change
GOOGL Alphabet Inc. Class A 0.76% 49,000 $9.3M No change
LLY Eli Lilly & Co. 0.75% 12,000 $9.3M No change
AMGN Amgen Inc. 0.75% 35,190 $9.2M No change
NVS Novartis AG-Sponsored ADR 0.74% 93,610 $9.1M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.72% 115,000 $8.8M No change
TD Toronto-Dominion Bank 0.72% 165,000 $8.8M No change
GE General Electric filed as GE AEROSPACE 0.71% 52,500 $8.8M No change
DE Deere & Co. 0.69% 20,000 $8.5M No change
MET Metlife Inc. 0.69% 103,304 $8.5M No change
STT State Street Corp. 0.68% 85,000 $8.3M No change
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.67% 166,918 $8.3M No change
TTE Totalenergies SE -Spon ADR 0.67% 150,000 $8.2M No change
SRE Sempra 0.66% 92,000 $8.1M No change
EIX Edison International 0.65% 100,000 $8.0M No change
JEF Jefferies Financial Group Inc. 0.64% 100,000 $7.8M No change
CEG Constellation Energy 0.61% 33,333 $7.5M No change
JNJ Johnson & Johnson 0.59% 50,000 $7.2M No change
BMY Bristol-Myers Squibb Co. 0.58% 127,000 $7.2M No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.58% 100,000 $7.2M No change
NOC Northrop Grumman Corp. 0.57% 15,000 $7.0M No change
PNW Pinnacle West Capital 0.57% 83,000 $7.0M No change
COP Conocophillips 0.57% 70,000 $6.9M No change
CB Chubb Ltd. 0.56% 25,000 $6.9M No change
SCHW Schwab (charles) Corp. 0.52% 86,674 $6.4M No change
GEV GE Vernova Inc. 0.50% 18,755 $6.2M Reduce -6.3%
NTRS Northern Trust Corp. 0.50% 60,000 $6.2M No change
PEP Pepsico Inc. 0.49% 39,800 $6.1M No change
AMP Ameriprise Financial Inc. 0.49% 11,250 $6.0M No change
TM Toyota Motor Corp. -Spon ADR 0.48% 30,000 $5.8M No change
PFE Pfizer Inc. 0.48% 220,000 $5.8M No change
HLT Hilton Worldwide Holdings Inc. 0.47% 23,332 $5.8M No change
MDT Medtronic PLC 0.47% 71,632 $5.7M No change
VZ Verizon Communications Inc. 0.46% 140,000 $5.6M No change
AEP American Electric Power 0.45% 60,000 $5.5M No change
SBUX Starbucks Corp. 0.45% 60,000 $5.5M Add +50.0%
PPG PPG Industries Inc. 0.44% 45,250 $5.4M No change
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.44% 100,000 $5.4M No change
URI United Rentals Inc. 0.40% 7,000 $4.9M No change
DGX Quest Diagnostics Inc. 0.39% 32,000 $4.8M No change
NRG NRG Energy Inc. 0.39% 53,146 $4.8M No change
XEL Xcel Energy Inc. 0.38% 70,000 $4.7M No change
WEC WEC Energy Group Inc. 0.38% 50,000 $4.7M No change
MCHP Microchip Technology Inc. 0.37% 80,000 $4.6M No change
ET Energy Transfer LP 0.36% 225,800 $4.4M No change
ALLY Ally Financial Inc. 0.34% 115,000 $4.1M No change
LH Labcorp Holdings Inc. 0.34% 18,000 $4.1M No change
DD Dupont DE Nemours Inc. 0.33% 53,943 $4.1M No change
SNY Sanofi-ADR 0.31% 80,000 $3.9M No change
EXC Exelon Corp. 0.31% 100,000 $3.8M No change
MDLZ Mondelez International Inc. Class A 0.30% 61,010 $3.6M No change
AIG American International Group 0.30% 50,000 $3.6M No change
AMD Advanced Micro Devices 0.30% 30,000 $3.6M No change
NEE Nextera Energy Inc. 0.29% 50,000 $3.6M No change
WDC Western Digital Corp. 0.29% 60,000 $3.6M No change
IWM iShares Russell 2000 ETF 0.29% 16,000 $3.5M No change
UTHR United Therapeutics Corp. 0.29% 10,000 $3.5M No change
DUK Duke Energy Corp. 0.29% 32,666 $3.5M No change
RTX RTX Corp. 0.28% 30,000 $3.5M No change
ABT Abbott Laboratories 0.28% 30,500 $3.4M No change
KMI Kinder Morgan Inc. 0.28% 125,000 $3.4M No change
UNP Union Pacific Corp. 0.28% 15,000 $3.4M No change
SYK Stryker Corp. 0.26% 9,000 $3.2M No change
VTRS Viatris Inc. 0.25% 250,000 $3.1M No change
PG The Procter & Gamble Co. 0.23% 17,000 $2.9M No change
NFE New Fortress Energy Inc. 0.23% 188,012 $2.8M Add +64.8%
AA Alcoa Corp. 0.23% 75,000 $2.8M No change
FE Firstenergy Corp. 0.23% 70,000 $2.8M No change

Show all 155 holdings

Portfolio Sells Q3 2024 → Q4 2024
BA The Boeing Co. Sold out 0.00% −0.40
BIIB Biogen Inc. Sold out 0.00% −0.34
CVS CVS Health Corp. Reduce -25.0% 0.22% −0.22
KHC The Kraft Heinz Co. Sold out 0.00% −0.15
PARAA Paramount Global Class B Sold out 0.00% −0.14
INTC Intel Corp. Sold out 0.00% −0.10
GT Goodyear Tire & Rubber Co. Sold out 0.00% −0.08
TAK Takeda Pharmaceutic-SP ADR Sold out 0.00% −0.07
WYNN WYNN Resorts Ltd. Reduce -4.4% 0.21% −0.05
EQIX Equinix Inc. Reduce -30.7% 0.08% −0.04
FLG Flagstar Bank NA Sold out 0.00% −0.03
VTS Vitesse Energy Inc. Sold out 0.00% −0.03
FTAI Ftai Aviation Ltd. Reduce -16.4% 0.10% −0.02
DLR Digital Realty Trust Inc. Reduce -22.5% 0.06% −0.01
GEV GE Vernova Inc. Reduce -6.3% 0.50% +0.06
RGTI Rigetti Computing Inc. Reduce -10.6% 8.97% +8.42

Portfolio Buys Q3 2024 → Q4 2024
NFE New Fortress Energy Inc. Add +64.8% 0.23% +0.14
SBUX Starbucks Corp. Add +50.0% 0.45% +0.10
CELH Celsius Holdings Inc. New 0.09% +0.09
PBI Pitney Bowes Inc. New 0.08% +0.08
TLT iShares 20+ Year Treasury BD New 0.04% +0.04
CZR Caesars Entertainment Inc. New 0.03% +0.03
MGM MGM Resorts International Add +26.5% 0.09% +0.00
KEX Kirby Corp. Add +25.9% 0.09% +0.00
FIP Ftai Infrastructure Inc. Add +18.6% 0.11% −0.02
PSX Phillips 66 Add +2.4% 1.21% −0.26

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