American Assets Investment Management, LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 5, 2025), American Assets Investment Management, LLC reported 142 stock positions worth $1.4 billion. Its top holding was Wells Fargo (WFC) at 5.8% of the portfolio, followed by Rigetti Computing (RGTI, 5.2%) and Bank of America (BAC, 4.3%). Compared with Q2 2025, it opened 2 new positions, sold out of 3, added to 1 and reduced 3. The biggest buy was Johnson & Johnson (JNJ, shares +14%) and the biggest sale an exit from McDonald's (MCD).

Most Recent 13F
Q2 2026
Location
SAN DIEGO, CA
CIK
0001389256
Portfolio Value
$1.4B (Q3 2025)
SEC Filing
0001389256-25-000019 ↗ filed Nov 5, 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 Q1 2025 Q2 2025: $1.2B Q2 2025 Q3 2025: $1.4B $1.4B Q3 2025 Q4 2025: $1.4B Q4 2025 Q1 2026: $1.5B Q1 2026 Q2 2026: $1.7B Q2 2026

Holdings 142 stocks · $1.4B
WFC Wells Fargo & Co. 5.79% 940,400 $78.8M No change
RGTI Rigetti Computing Inc. 5.18% 2,366,749 $70.5M Reduce -36.8%
BAC Bank of America Corp. filed as BANK AMERICA CORP 4.28% 1,128,950 $58.2M No change
JPM JPMorgan Chase & Co. 4.11% 177,600 $56.0M No change
AAPL Apple Inc. 3.93% 210,000 $53.5M No change
MSFT Microsoft Corp. 3.41% 89,650 $46.4M No change
XOM Exxon Mobil Corp. 3.40% 410,000 $46.2M No change
GS Goldman Sachs Group Inc. 3.16% 54,000 $43.0M No change
AAT American Assets Trust Inc. 2.20% 1,475,336 $30.0M No change
CVX Chevron Corp. 2.05% 180,000 $28.0M No change
CAT Caterpillar Inc. 1.58% 45,000 $21.5M No change
COF Capital One Financial Corp. 1.55% 99,500 $21.2M No change
SHEL Shell PLC-ADR 1.50% 286,000 $20.5M No change
PSX Phillips 66 1.31% 130,800 $17.8M No change
TFC Truist Financial Corp. 1.29% 384,000 $17.6M No change
TSM Taiwan Semiconductor-SP ADR 1.23% 60,000 $16.8M No change
WMT Walmart Inc. 1.23% 162,000 $16.7M No change
ESS Essex Property Trust Inc. 1.17% 59,500 $15.9M No change
C Citigroup Inc. 1.17% 156,400 $15.9M No change
GE General Electric filed as GE AEROSPACE 1.16% 52,500 $15.8M No change
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.14% 55,000 $15.5M No change
RY Royal Bank of Canada 1.12% 103,500 $15.2M No change
MS Morgan Stanley 1.07% 92,000 $14.6M No change
ABBV Abbvie Inc. 1.03% 60,294 $14.0M No change
KR Kroger Co. 1.02% 206,150 $13.9M No change
VGSH Vanguard Short-Term Treasury 1.00% 230,855 $13.6M No change
TD Toronto-Dominion Bank 0.97% 165,000 $13.2M No change
USB US Bancorp 0.96% 270,000 $13.0M No change
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.92% 115,000 $12.5M No change
BMO Bank of Montreal filed as BANK MONTREAL QUE 0.92% 96,000 $12.5M No change
PNC PNC Financial Services Group 0.89% 60,000 $12.1M No change
NVS Novartis AG-Sponsored ADR 0.88% 93,610 $12.0M No change
GOOGL Alphabet Inc. Class A 0.87% 49,000 $11.9M No change
HSBC HSBC Holdings PLC-Spons ADR filed as HSBC HLDGS PLC 0.87% 166,918 $11.8M No change
CEG Constellation Energy 0.81% 33,333 $11.0M No change
LEN Lennar Corp. Class A 0.80% 86,370 $10.9M No change
JNJ Johnson & Johnson 0.78% 57,000 $10.6M Add +14.0%
MRK Merck & Co. Inc. 0.77% 125,000 $10.5M No change
UL Unilever PLC 0.74% 170,000 $10.1M No change
KO The Coca-Cola Co. 0.73% 150,060 $10.0M No change
AMGN Amgen Inc. 0.73% 35,190 $9.9M No change
STT State Street Corp. 0.72% 85,000 $9.9M No change
LLY Eli Lilly & Co. 0.67% 12,000 $9.2M No change
DE Deere & Co. 0.67% 20,000 $9.1M No change
NOC Northrop Grumman Corp. 0.67% 15,000 $9.1M No change
TTE Totalenergies SE -Spon ADR 0.66% 150,000 $9.0M No change
NRG NRG Energy Inc. 0.63% 53,146 $8.6M No change
MET Metlife Inc. 0.62% 103,304 $8.5M No change
PRU Prudential Financial Inc. 0.61% 80,459 $8.3M No change
SRE Sempra 0.61% 92,000 $8.3M No change
SCHW Schwab (charles) Corp. 0.61% 86,674 $8.3M No change
FDX FedEx Corp. 0.61% 35,000 $8.3M No change
NTRS Northern Trust Corp. 0.59% 60,000 $8.1M No change
GEV GE Vernova Inc. 0.59% 13,125 $8.1M No change
PNW Pinnacle West Capital 0.55% 83,000 $7.4M No change
WDC Western Digital Corp. 0.53% 60,000 $7.2M No change
CB Chubb Ltd. 0.52% 25,000 $7.1M No change
MDT Medtronic PLC 0.50% 71,632 $6.8M No change
AEP American Electric Power 0.50% 60,000 $6.8M No change
URI United Rentals Inc. 0.49% 7,000 $6.7M No change
COP Conocophillips 0.49% 70,000 $6.6M No change
JEF Jefferies Financial Group Inc. 0.48% 100,000 $6.5M No change
VMRK Vivmark Residential filed as EQUITY RESIDENTIAL 0.48% 100,000 $6.5M No change
BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX 0.47% 100,000 $6.5M No change
VZ Verizon Communications Inc. 0.45% 140,000 $6.2M No change
DGX Quest Diagnostics Inc. 0.45% 32,000 $6.1M No change
HLT Hilton Worldwide Holdings Inc. 0.44% 23,332 $6.1M No change
TM Toyota Motor Corp. -Spon ADR 0.42% 30,000 $5.7M No change
WEC WEC Energy Group Inc. 0.42% 50,000 $5.7M No change
BMY Bristol-Myers Squibb Co. 0.42% 127,000 $5.7M No change
XEL Xcel Energy Inc. 0.41% 70,000 $5.6M No change
PEP Pepsico Inc. 0.41% 39,800 $5.6M No change
EIX Edison International 0.41% 100,000 $5.5M No change
AMP Ameriprise Financial Inc. 0.41% 11,250 $5.5M No change
LH Labcorp Holdings Inc. 0.38% 18,000 $5.2M No change
MCHP Microchip Technology Inc. 0.38% 80,000 $5.1M No change
RTX RTX Corp. 0.37% 30,000 $5.0M No change
AMD Advanced Micro Devices 0.36% 30,000 $4.9M No change
PPG PPG Industries Inc. 0.35% 45,250 $4.8M No change
ALLY Ally Financial Inc. 0.33% 115,000 $4.5M No change
EXC Exelon Corp. 0.33% 100,000 $4.5M No change
BABA Alibaba Group Holding-SP ADR 0.32% 24,000 $4.3M No change
DD Dupont DE Nemours Inc. 0.31% 53,943 $4.2M No change
UTHR United Therapeutics Corp. 0.31% 10,000 $4.2M No change
ABT Abbott Laboratories 0.30% 30,500 $4.1M No change
DUK Duke Energy Corp. 0.30% 32,666 $4.0M No change
AIG American International Group 0.29% 50,000 $3.9M No change
ET Energy Transfer LP 0.28% 225,800 $3.9M No change
IWM iShares Russell 2000 ETF 0.28% 16,000 $3.9M No change
HCA HCA Healthcare Inc. 0.28% 9,000 $3.8M No change
MDLZ Mondelez International Inc. Class A 0.28% 61,010 $3.8M No change
SNY Sanofi-ADR 0.28% 80,000 $3.8M No change
NEE Nextera Energy Inc. 0.28% 50,000 $3.8M No change
CAH Cardinal Health Inc. 0.27% 23,277 $3.7M No change
UNP Union Pacific Corp. 0.26% 15,000 $3.5M No change
KMI Kinder Morgan Inc. 0.26% 125,000 $3.5M No change
SYK Stryker Corp. 0.24% 9,000 $3.3M No change
PM Philip Morris International 0.24% 20,000 $3.2M No change
FE Firstenergy Corp. 0.24% 70,000 $3.2M No change
XLU St Sr Utl SL SE SPDR ETF-Usd 0.22% 34,000 $3.0M No change

Show all 142 holdings

Portfolio Sells Q2 2025 → Q3 2025
MCD McDonald's Corp. Sold out 0.00% −0.10
CELH Celsius Holdings Inc. Sold out 0.00% −0.08
MDGL Madrigal Pharmaceuticals Inc. Sold out 0.00% −0.04
TLT iShares 20+ Year Treasury BD Reduce -17.2% 0.08% −0.02
GEHC GE Healthcare Technology Reduce -0.0% 0.10% −0.01
RGTI Rigetti Computing Inc. Reduce -36.8% 5.18% +1.61

Portfolio Buys Q2 2025 → Q3 2025
JNJ Johnson & Johnson Add +14.0% 0.78% +0.16
UBER Uber Technologies Inc. New 0.11% +0.11
RIVN Rivian Automotive Inc. Class A New 0.08% +0.08

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