American Assets Investment Management, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 9, 2025), American Assets Investment Management, LLC reported 146 stock positions worth $1.1 billion. Its top holding was Exxon Mobil (XOM) at 4.7% of the portfolio, followed by Bank of America (BAC, 4.1%) and Apple (AAPL, 4.1%). Compared with Q4 2024, it opened 3 new positions, sold out of 14, added to 5 and reduced 4. The biggest buy was a new position in Vanguard Short-Term Treasury (VGSH) and the biggest sale Rigetti Computing (RGTI, shares −48%).

Most Recent 13F
Q2 2026
Location
SAN DIEGO, CA
CIK
0001389256
Portfolio Value
$1.1B (Q1 2025)
SEC Filing
0001389256-25-000009 ↗ filed May 9, 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 Q4 2024 Q1 2025: $1.1B $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 146 stocks · $1.1B
XOM Exxon Mobil Corp. 4.68% 450,000 $53.5M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 4.12% 1,128,950 $47.1M No change
AAPL Apple Inc. 4.08% 210,000 $46.6M No change
JPM JPMorgan Chase & Co. 3.81% 177,600 $43.6M No change
WFC Wells Fargo & Co. 3.49% 555,000 $39.8M No change
MSFT Microsoft Corp. 2.94% 89,650 $33.7M No change
CVX Chevron Corp. 2.63% 180,000 $30.1M No change
AAT American Assets Trust Inc. 2.60% 1,475,336 $29.7M No change
RGTI Rigetti Computing Inc. 2.60% 3,746,149 $29.7M Reduce -48.1%
GS Goldman Sachs Group Inc. 2.58% 54,000 $29.5M No change
ESS Essex Property Trust Inc. 1.60% 59,500 $18.2M No change
COF Capital One Financial Corp. 1.56% 99,500 $17.8M No change
SHEL Shell PLC-ADR 1.42% 221,000 $16.2M No change
PSX Phillips 66 1.41% 130,800 $16.2M No change
TFC Truist Financial Corp. 1.38% 384,000 $15.8M No change
CAT Caterpillar Inc. 1.30% 45,000 $14.8M No change
WMT Walmart Inc. 1.24% 162,000 $14.2M No change
KR Kroger Co. 1.22% 206,150 $14.0M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.20% 55,000 $13.7M No change
VGSH Vanguard Short-Term Treasury 1.17% 227,755 $13.4M New
ABBV Abbvie Inc. 1.11% 60,294 $12.6M No change
RY Royal Bank of Canada 1.02% 103,500 $11.7M No change
USB US Bancorp 1.00% 270,000 $11.4M No change
MRK Merck & Co. Inc. 0.98% 125,000 $11.2M No change
C Citigroup Inc. 0.97% 156,400 $11.1M No change
AMGN Amgen Inc. 0.96% 35,190 $11.0M No change
KO The Coca-Cola Co. 0.94% 150,060 $10.7M No change
MS Morgan Stanley 0.94% 92,000 $10.7M No change
PNC PNC Financial Services Group 0.92% 60,000 $10.5M No change
GE General Electric filed as GE AEROSPACE 0.92% 52,500 $10.5M No change
NVS Novartis AG-Sponsored ADR 0.91% 93,610 $10.4M No change
UL Unilever PLC 0.89% 170,000 $10.1M No change
TSM Taiwan Semiconductor-SP ADR 0.87% 60,000 $10.0M No change
LEN Lennar Corp. Class A 0.87% 86,370 $9.9M No change
LLY Eli Lilly & Co. 0.87% 12,000 $9.9M No change
TD Toronto-Dominion Bank 0.87% 165,000 $9.9M No change
TTE Totalenergies SE -Spon ADR 0.85% 150,000 $9.7M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.84% 115,000 $9.6M No change
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.84% 166,918 $9.6M No change
DE Deere & Co. 0.82% 20,000 $9.4M No change
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.80% 96,000 $9.2M No change
PRU Prudential Financial Inc. 0.79% 80,459 $9.0M No change
FDX FedEx Corp. 0.75% 35,000 $8.5M No change
MET Metlife Inc. 0.73% 103,304 $8.3M No change
JNJ Johnson & Johnson 0.73% 50,000 $8.3M No change
PNW Pinnacle West Capital 0.69% 83,000 $7.9M No change
BMY Bristol-Myers Squibb Co. 0.68% 127,000 $7.7M No change
NOC Northrop Grumman Corp. 0.67% 15,000 $7.7M No change
STT State Street Corp. 0.67% 85,000 $7.6M No change
GOOGL Alphabet Inc. Class A 0.66% 49,000 $7.6M No change
CB Chubb Ltd. 0.66% 25,000 $7.5M No change
COP Conocophillips 0.64% 70,000 $7.4M No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.63% 100,000 $7.2M No change
SCHW Schwab (charles) Corp. 0.59% 86,674 $6.8M No change
CEG Constellation Energy 0.59% 33,333 $6.7M No change
SRE Sempra 0.57% 92,000 $6.6M No change
AEP American Electric Power 0.57% 60,000 $6.6M No change
MDT Medtronic PLC 0.56% 71,632 $6.4M No change
VZ Verizon Communications Inc. 0.56% 140,000 $6.4M No change
PEP Pepsico Inc. 0.52% 39,800 $6.0M No change
NTRS Northern Trust Corp. 0.52% 60,000 $5.9M No change
EIX Edison International 0.52% 100,000 $5.9M No change
SBUX Starbucks Corp. 0.51% 60,000 $5.9M No change
WEC WEC Energy Group Inc. 0.48% 50,000 $5.4M No change
AMP Ameriprise Financial Inc. 0.48% 11,250 $5.4M No change
DGX Quest Diagnostics Inc. 0.47% 32,000 $5.4M No change
JEF Jefferies Financial Group Inc. 0.47% 100,000 $5.4M No change
HLT Hilton Worldwide Holdings Inc. 0.46% 23,332 $5.3M No change
TM Toyota Motor Corp. -Spon ADR 0.46% 30,000 $5.3M No change
NRG NRG Energy Inc. 0.44% 53,146 $5.1M No change
XEL Xcel Energy Inc. 0.43% 70,000 $5.0M No change
PPG PPG Industries Inc. 0.43% 45,250 $4.9M No change
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.41% 100,000 $4.7M No change
EXC Exelon Corp. 0.40% 100,000 $4.6M No change
SNY Sanofi-ADR 0.39% 80,000 $4.4M No change
URI United Rentals Inc. 0.38% 7,000 $4.4M No change
AIG American International Group 0.38% 50,000 $4.3M No change
ET Energy Transfer LP 0.37% 225,800 $4.2M No change
ALLY Ally Financial Inc. 0.37% 115,000 $4.2M No change
LH Labcorp Holdings Inc. 0.37% 18,000 $4.2M No change
MDLZ Mondelez International Inc. Class A 0.36% 61,010 $4.1M No change
ABT Abbott Laboratories 0.35% 30,500 $4.0M No change
DD Dupont DE Nemours Inc. 0.35% 53,943 $4.0M No change
GEV GE Vernova Inc. 0.35% 13,125 $4.0M Reduce -30.0%
DUK Duke Energy Corp. 0.35% 32,666 $4.0M No change
RTX RTX Corp. 0.35% 30,000 $4.0M No change
MCHP Microchip Technology Inc. 0.34% 80,000 $3.9M No change
KMI Kinder Morgan Inc. 0.31% 125,000 $3.6M No change
NEE Nextera Energy Inc. 0.31% 50,000 $3.5M No change
UNP Union Pacific Corp. 0.31% 15,000 $3.5M No change
SYK Stryker Corp. 0.29% 9,000 $3.4M No change
CI The Cigna Group 0.29% 10,040 $3.3M No change
CAH Cardinal Health Inc. 0.28% 23,277 $3.2M No change
IWM iShares Russell 2000 ETF 0.28% 16,000 $3.2M No change
PM Philip Morris International 0.28% 20,000 $3.2M No change
BABA Alibaba Group Holding-SP ADR 0.28% 24,000 $3.2M No change
HCA HCA Healthcare Inc. 0.27% 9,000 $3.1M No change
UTHR United Therapeutics Corp. 0.27% 10,000 $3.1M No change
AMD Advanced Micro Devices 0.27% 30,000 $3.1M No change
PG The Procter & Gamble Co. 0.25% 17,000 $2.9M No change

Show all 146 holdings

Portfolio Sells Q4 2024 → Q1 2025
RGTI Rigetti Computing Inc. Reduce -48.1% 2.60% −6.38
PFE Pfizer Inc. Reduce -56.4% 0.21% −0.26
NFE New Fortress Energy Inc. Sold out 0.00% −0.23
CVS CVS Health Corp. Sold out 0.00% −0.22
PRGO Perrigo Co. PLC Sold out 0.00% −0.21
GEV GE Vernova Inc. Reduce -30.0% 0.35% −0.15
FIP Ftai Infrastructure Inc. Sold out 0.00% −0.11
FTAI Ftai Aviation Ltd. Sold out 0.00% −0.10
KEX Kirby Corp. Sold out 0.00% −0.09
MGM MGM Resorts International Sold out 0.00% −0.09
EQIX Equinix Inc. Sold out 0.00% −0.08
CDZI Cadiz Inc. Sold out 0.00% −0.06
WYNN WYNN Resorts Ltd. Reduce -33.2% 0.15% −0.06
DBRG Digitalbridge Group Inc. Sold out 0.00% −0.06
DLR Digital Realty Trust Inc. Sold out 0.00% −0.06
BX Blackstone Inc. Sold out 0.00% −0.05
IIPR Innovative Industrial Proper Sold out 0.00% −0.04
CZR Caesars Entertainment Inc. Sold out 0.00% −0.03

Portfolio Buys Q4 2024 → Q1 2025
VGSH Vanguard Short-Term Treasury New 1.17% +1.17
REGN Regeneron Pharmaceuticals New 0.17% +0.17
MDGL Madrigal Pharmaceuticals Inc. New 0.13% +0.13
CMCSA Comcast Corp. Class A Add +50.0% 0.19% +0.07
CELH Celsius Holdings Inc. Add +25.0% 0.16% +0.07
TLT iShares 20+ Year Treasury BD Add +90.0% 0.08% +0.04
MRP Millrose Properties Add +1.1% 0.10% +0.01
SNDK Sandisk Corp. Add +0.1% 0.08% +0.01

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