American Assets Investment Management, LLC

SAN DIEGO, CA · CIK 1389256 · 13F filing filed 2026-08-05

SEC-registered investment adviser since 2006 · limited liability company

Assets managed$5.9bn
Staff5 · 2 in investment roles
Main clients (by assets)Insurers 98%, Private funds 2%
Private funds1 (1 hedge) · $99.9m gross assets
Form ADV · 2026-03-25SEC adviser record

Kindhedge funds, institutions
Others nearbySan Diego, CA

As an employer

Offices in1 country
Private fundshedge 1

$1.7bn reported value +12.1% vs Q1 2026

146positions

34.6%in top 10

3 new 5 added 1 reduced 3 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	BANK AMERICA CORP COM BAC	BAC	15,224,325	$80.5m4.87%	4.87%	Unchanged
2	WELLS FARGO CO NEW COM WFC	WFC	940,400	$77.7m4.70%	4.70%	Unchanged
3	APPLE INC COM AAPL	AAPL	210,000	$60.8m3.68%	3.68%	Unchanged
4	JPMORGAN CHASE & CO COM JPM	JPM	259,400	$59.6m3.61%	3.61%	Reduced -2.0m	-2,000,000 -88.5%
5	EXXON MOBIL CORP COM XOM	XOM	410,000	$56.1m3.39%	3.39%	Unchanged
6	GOLDMAN SACHS GROUP INC COM GS	GS	99,000	$55.5m3.36%	3.36%	Unchanged
7	SHELL PLC SPON ADS SHEL	SHEL	651,000	$50.5m3.06%	3.06%	Unchanged
8	CATERPILLAR INC COM CAT	CAT	45,000	$47.9m2.90%	2.90%	Unchanged
9	SANDISK CORP COM SNDK	SNDK	20,000	$45.5m2.75%	2.75%	Unchanged
10	WESTERN DIGITAL CORP COM WDC	WDC	60,000	$38.3m2.32%	2.32%	Unchanged
11	AMERICAN ASSETS TR INC COM AAT	AAT	1,477,340	$36.5m2.21%	2.21%	Unchanged
12	MICROSOFT CORP COM MSFT	MSFT	89,650	$33.4m2.02%	2.02%	Unchanged
13	RIGETTI COMPUTING INC COMMON STOCK RGTI	RGTI	1,639,800	$31.7m1.92%	1.92%	Unchanged
14	CHEVRON CORP NEW COM CVX	CVX	180,000	$29.8m1.81%	1.81%	Unchanged
15	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	60,000	$28.7m1.73%	1.73%	Unchanged
16	CITIGROUP INC COM NEW C	C	176,400	$22.5m1.36%	1.36%	Unchanged
17	TRUIST FINL CORP COM TFC	TFC	3,384,000	$22.1m1.34%	1.34%	Unchanged
18	PHILLIPS 66 COM PSX	PSX	130,800	$22.1m1.34%	1.34%	Unchanged
19	ROYAL BK CDA COM RY	RY	103,500	$21.4m1.30%	1.30%	Unchanged
20	ALPHABET INC CAP STK CL A GOOGL	GOOGL	59,000	$21.1m1.28%	1.28%	Unchanged
21	MORGAN STANLEY COM NEW MS	MS	132,000	$20.2m1.22%	1.22%	Unchanged
22	TORONTO DOMINION BK ONT COM NEW TD	TD	165,000	$20.0m1.21%	1.21%	Unchanged
23	CAPITAL ONE FINL CORP COM COF	COF	99,500	$20.0m1.21%	1.21%	Unchanged
24	GE AEROSPACE COM NEW GE	GE	52,500	$19.6m1.19%	1.19%	Unchanged
25	WALMART INC COM WMT	WMT	162,000	$18.3m1.11%	1.11%	Unchanged
26	ADVANCED MICRO DEVICES INC COM AMD	AMD	30,000	$17.4m1.05%	1.05%	Unchanged
27	ESSEX PPTY TR INC COM ESS	ESS	59,500	$17.3m1.05%	1.05%	Unchanged
28	BANK MONTREAL QUE COM BMO	BMO	96,000	$17.0m1.03%	1.03%	Unchanged
29	BANK NEW YORK MELLON CORP COM BNY	BNY	115,000	$16.6m1.01%	1.01%	Unchanged
30	US BANCORP DEL COM NEW USB	USB	270,000	$16.3m0.99%	0.99%	Unchanged
31	MERCK & CO INC COM MRK	MRK	125,000	$16.1m0.97%	0.97%	Unchanged
32	HSBC HLDGS PLC SPON ADR NEW HSBC	HSBC	166,918	$15.9m0.96%	0.96%	Unchanged
33	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	55,000	$15.5m0.94%	0.94%	Unchanged
34	GE VERNOVA INC COM GEV	GEV	13,125	$15.4m0.93%	0.93%	Unchanged
35	ABBVIE INC COM ABBV	ABBV	60,294	$15.2m0.92%	0.92%	Unchanged
36	PNC FINL SVCS GROUP INC COM PNC	PNC	60,000	$14.8m0.89%	0.89%	Unchanged
37	NOVARTIS AG SPONSORED ADR NVS	NVS	93,610	$14.7m0.89%	0.89%	Unchanged
38	JOHNSON & JOHNSON COM JNJ	JNJ	57,000	$14.5m0.88%	0.88%	Added +5.2k	+5,200 10.0%
39	STATE STR CORP COM STT	STT	85,000	$14.4m0.87%	0.87%	Unchanged
40	ELI LILLY & CO COM LLY	LLY	12,000	$14.4m0.87%	0.87%	Unchanged
41	AMGEN INC COM AMGN	AMGN	35,190	$12.7m0.77%	0.77%	Unchanged
42	DEERE & CO COM DE	DE	20,000	$12.7m0.77%	0.77%	Unchanged
43	COCA COLA CO COM KO	KO	150,060	$12.2m0.74%	0.74%	Unchanged
44	TOTALENERGIES SE ACT TTE	TTE	150,000	$11.7m0.71%	0.71%	Unchanged
45	KROGER CO COM KR	KR	206,150	$11.4m0.69%	0.69%	Unchanged
46	FEDEX CORP COM FDX	FDX	35,000	$11.0m0.66%	0.66%	Unchanged
47	NORTHERN TR CORP COM NTRS	NTRS	60,000	$10.4m0.63%	0.63%	Unchanged
48	UNILEVER PLC SPON ADR NEW UL	UL	151,111	$9.1m0.55%	0.55%	Unchanged
49	PINNACLE WEST CAP CORP COM PNW	PNW	83,000	$8.9m0.54%	0.54%	Unchanged
50	METLIFE INC COM MET	MET	103,304	$8.7m0.53%	0.53%	Unchanged
51	BANK NOVA SCOTIA HALIFAX COM BNS	BNS	100,000	$8.7m0.53%	0.53%	Unchanged
52	PRUDENTIAL FINL INC COM PRU	PRU	80,459	$8.7m0.53%	0.53%	Unchanged
53	SEMPRA COM SRE	SRE	92,000	$8.5m0.52%	0.52%	Unchanged
54	CHUBB LIMITED COM CB	CB	25,000	$8.5m0.52%	0.52%	Unchanged
55	CONSTELLATION ENERGY CORP COM CEG	CEG	33,333	$8.3m0.50%	0.50%	Unchanged
56	AMERICAN ELEC PWR CO INC COM AEP	AEP	60,000	$8.2m0.50%	0.50%	Unchanged
57	SCHWAB CHARLES CORP COM SCHW	SCHW	86,674	$8.0m0.48%	0.48%	Unchanged
58	UNITED RENTALS INC COM URI	URI	7,000	$7.9m0.48%	0.48%	Unchanged
59	LENNAR CORP CL A LEN	LEN	86,370	$7.8m0.47%	0.47%	Unchanged
60	NRG ENERGY INC COM NEW NRG	NRG	53,146	$7.8m0.47%	0.47%	Unchanged
61	HILTON WORLDWIDE HLDGS INC COM HLT	HLT	23,332	$7.7m0.47%	0.47%	Unchanged
62	NORTHROP GRUMMAN CORP COM NOC	NOC	15,000	$7.6m0.46%	0.46%	Unchanged
63	EDISON INTL COM EIX	EIX	100,000	$7.4m0.45%	0.45%	Unchanged
64	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	127,000	$7.3m0.44%	0.44%	Unchanged
65	MICROCHIP TECHNOLOGY INC. COM MCHP	MCHP	80,000	$7.3m0.44%	0.44%	Unchanged
66	CONOCOPHILLIPS COM COP	COP	70,000	$7.3m0.44%	0.44%	Unchanged
67	EQUITY RESIDENTIAL SH BEN INT VMRK	VMRK	100,000	$6.8m0.41%	0.41%	Unchanged
68	QUEST DIAGNOSTICS INC COM DGX	DGX	32,000	$6.8m0.41%	0.41%	Unchanged
69	WEC ENERGY GROUP INC COM WEC	WEC	50,000	$5.8m0.35%	0.35%	Unchanged
70	RTX CORPORATION COM RTX	RTX	30,000	$5.7m0.34%	0.34%	Unchanged
71	XCEL ENERGY INC COM XEL	XEL	70,000	$5.6m0.34%	0.34%	Unchanged
72	MEDTRONIC PLC SHS MDT	MDT	71,632	$5.6m0.34%	0.34%	Unchanged
73	CARDINAL HEALTH INC COM CAH	CAH	23,277	$5.5m0.33%	0.33%	Unchanged
74	PPG INDS INC COM PPG	PPG	45,250	$5.5m0.33%	0.33%	Unchanged
75	UNITED THERAPEUTICS CORP DEL COM UTHR	UTHR	10,000	$5.4m0.33%	0.33%	Unchanged
76	PEPSICO INC COM PEP	PEP	39,800	$5.4m0.33%	0.33%	Unchanged
77	ALLY FINL INC COM ALLY	ALLY	115,000	$5.3m0.32%	0.32%	Unchanged
78	AMERIPRISE FINL INC COM AMP	AMP	11,250	$5.2m0.31%	0.31%	Unchanged
79	TOYOTA MOTOR CORP ADS TM	TM	30,000	$5.1m0.31%	0.31%	Unchanged
80	LABCORP HOLDINGS INC COM SHS LH	LH	18,000	$5.0m0.31%	0.31%	Unchanged
81	JEFFERIES FINL GROUP INC COM JEF	JEF	100,000	$5.0m0.30%	0.30%	Unchanged
82	ISHARES TR RUSSELL 2000 ETF IWM	IWM	16,000	$4.8m0.29%	0.29%	Unchanged
83	EXELON CORP COM EXC	EXC	100,000	$4.7m0.28%	0.28%	Unchanged
84	QNITY ELECTRONICS INC COMMON STOCK Q	Q	26,970	$4.4m0.27%	0.27%	Unchanged
85	NEXTERA ENERGY INC COM NEE	NEE	50,000	$4.4m0.27%	0.27%	Unchanged
86	ENERGY TRANSFER L P COM UT LTD PTN ET	ET	225,800	$4.3m0.26%	0.26%	Unchanged
87	DUKE ENERGY CORP NEW COM NEW DUK	DUK	32,666	$4.1m0.25%	0.25%	Unchanged
88	UNION PAC CORP COM UNP	UNP	15,000	$4.1m0.25%	0.25%	Unchanged
89	MADISON SQUARE GRDN SPRT COR CL A MSGS	MSGS	10,000	$4.0m0.24%	0.24%	Unchanged
90	KINDER MORGAN INC DEL COM KMI	KMI	125,000	$4.0m0.24%	0.24%	Unchanged
91	ALCOA CORP COM AA	AA	75,000	$3.9m0.24%	0.24%	Unchanged
92	JOHNSON CTLS INTL PLC SHS JCI	JCI	26,200	$3.8m0.23%	0.23%	Unchanged
93	KENVUE INC COM KVUE	KVUE	200,000	$3.8m0.23%	0.23%	Unchanged
94	AMERICAN INTL GROUP INC COM NEW AIG	AIG	50,000	$3.7m0.23%	0.23%	Unchanged
95	PHILIP MORRIS INTL INC COM PM	PM	20,000	$3.6m0.22%	0.22%	Unchanged
96	MONDELEZ INTL INC CL A MDLZ	MDLZ	61,010	$3.5m0.21%	0.21%	Unchanged
97	HCA HEALTHCARE INC COM HCA	HCA	9,000	$3.5m0.21%	0.21%	Unchanged
98	CANADIAN IMPERIAL BANK OF CO COM CM	CM	30,000	$3.5m0.21%	0.21%	Unchanged
99	SANOFI SPONSORED ADR SNY	SNY	80,000	$3.4m0.21%	0.21%	Unchanged
100	FIRSTENERGY CORP COM FE	FE	70,000	$3.3m0.20%	0.20%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
COMCAST CORP NEW CMCSA	CMCSA	100,000	$2.9m100.0k shares
DUPONT DE NEMOURS INC DWDP	DWDP	13,333	$1.8m13.3k shares
COTERRA ENERGY INC CTRA	CTRA	48,000	$1.7m48.0k shares