# American Assets Capital Advisers, LLC

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 1626691. Source: https://holderbook.com/funds/1626691-american-assets-capital-advisers-llc/

- Reported value: $94.7M
- Positions: 36
- Weight of the ten largest: 62.9%
- Filed: 2025-11-04

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $13.6M | 230,855 | 14.3% | 3 |
| FTAI AVIATION LTD | [FTAI](https://holderbook.com/stocks/FTAI/) | $7.1M | 42,838 | 7.5% | 12 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $6.4M | 33,206 | 6.7% | 28 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $5.7M | 49,450 | 6.0% | 26 |
| FTAI INFRASTRUCTURE INC | [FIP](https://holderbook.com/stocks/FIP/) | $5.6M | 1,287,999 | 5.9% | 13 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $5.1M | 6,469 | 5.3% | 28 |
| CAESARS ENTERTAINMENT INC NE | [CZR](https://holderbook.com/stocks/CZR/) | $4.6M | 170,109 | 4.9% | 2 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $4.2M | 24,253 | 4.4% | 13 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $4.1M | 22,028 | 4.4% | 7 |
| MACERICH CO | [MAC](https://holderbook.com/stocks/MAC/) | $3.2M | 174,287 | 3.3% | 8 |
| VENTAS INC | [VTR](https://holderbook.com/stocks/VTR/) | $3.0M | 42,584 | 3.1% | 7 |
| CADIZ INC | [CDZI](https://holderbook.com/stocks/CDZI/) | $2.8M | 601,113 | 3.0% | 12 |
| MGM RESORTS INTERNATIONAL | [MGM](https://holderbook.com/stocks/MGM/) | $2.5M | 72,068 | 2.6% | 22 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $2.5M | 24,433 | 2.6% | 7 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $2.5M | 15,698 | 2.6% | 11 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $2.3M | 12,723 | 2.4% | 6 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $2.2M | 23,206 | 2.4% | 28 |
| EXTRA SPACE STORAGE INC | [EXR](https://holderbook.com/stocks/EXR/) | $2.2M | 15,490 | 2.3% | 18 |
| COSTAR GROUP INC | [CSGP](https://holderbook.com/stocks/CSGP/) | $2.1M | 24,364 | 2.2% | 5 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $1.5M | 5,027 | 1.5% | 11 |
| ALEXANDRIA REAL ESTATE EQ IN | [ARE](https://holderbook.com/stocks/ARE/) | $1.4M | 17,316 | 1.5% | 28 |
| ZILLOW GROUP INC | [Z](https://holderbook.com/stocks/Z/) | $1.3M | 15,621 | 1.3% | 4 |
| INVITATION HOMES INC | [INVH](https://holderbook.com/stocks/INVH/) | $1.2M | 41,767 | 1.3% | 25 |
| AVALONBAY CMNTYS INC | [AVB](https://holderbook.com/stocks/AVB/) | $1.1M | 5,933 | 1.2% | 5 |
| SBA COMMUNICATIONS CORP | [SBAC](https://holderbook.com/stocks/SBAC/) | $992.1K | 5,131 | 1.0% | 28 |
| EQUITY RESIDENTIAL | [EQR](https://holderbook.com/stocks/EQR/) | $924.0K | 14,274 | 1.0% | 5 |
| WEYERHAEUSER CO | [WY](https://holderbook.com/stocks/WY/) | $721.5K | 29,106 | 0.8% | 4 |
| REXFORD INDL RLTY INC | [REXR](https://holderbook.com/stocks/REXR/) | $626.5K | 15,239 | 0.7% | 24 |
| SUN CMNTYS INC | [SUI](https://holderbook.com/stocks/SUI/) | $594.6K | 4,609 | 0.6% | 28 |
| ANNALY CAPITAL MANAGEMENT IN | [NLY](https://holderbook.com/stocks/NLY/) | $553.2K | 27,373 | 0.6% | 3 |
| AGNC INVT CORP | [AGNC](https://holderbook.com/stocks/AGNC/) | $461.3K | 47,117 | 0.5% | 3 |
| AMERICAN HOMES 4 RENT | [AMH](https://holderbook.com/stocks/AMH/) | $443.4K | 13,335 | 0.5% | 18 |
| KIRBY CORP | [KEX](https://holderbook.com/stocks/KEX/) | $426.6K | 5,112 | 0.5% | 6 |
| EQUITY LIFESTYLE PROPERTIES | [ELS](https://holderbook.com/stocks/ELS/) | $426.2K | 7,022 | 0.4% | 28 |
| CUBESMART | [CUBE](https://holderbook.com/stocks/CUBE/) | $347.0K | 8,535 | 0.4% | 11 |
| AMERICOLD REALTY TRUST INC | [COLD](https://holderbook.com/stocks/COLD/) | $123.2K | 10,064 | 0.1% | 11 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2025 | +1.1% | +7.8% | -6.8% | 100% |
| Q2 2025 | +1.1% | +10.5% | -9.3% | 100% |
| Q1 2025 | -15.6% | -4.6% | -11.1% | 100% |
| Q4 2024 | -3.6% | +2.1% | -5.7% | 100% |
| Q3 2024 | +10.0% | +5.4% | +4.5% | 100% |
| Q2 2024 | +1.9% | +4.0% | -2.1% | 100% |
| Q1 2024 | +2.3% | +10.0% | -7.8% | 100% |
| Q4 2023 | +15.8% | +11.2% | +4.6% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $94.7M | 36 |
| Q2 2025 | $99.5M | 40 |
| Q1 2025 | $239.0M | 40 |
| Q4 2024 | $299.7M | 40 |
| Q3 2024 | $325.8M | 37 |
| Q2 2024 | $315.8M | 35 |
| Q1 2024 | $351.0M | 33 |
| Q4 2023 | $353.2M | 33 |
| Q3 2023 | $354.1M | 33 |
| Q2 2023 | $396.7M | 33 |
| Q1 2023 | $428.1M | 36 |
| Q4 2022 | $412.8M | 34 |