AMERICAN ASSETS CAPITAL ADVISERS LLC
Q3 2025 Form 13-F
SAN DIEGO, CALIFORNIA
CIK 0001626691
· CRD 168805
· SEC-registered investment adviser
$94.7M Reported Value Total
AMERICAN ASSETS CAPITAL ADVISERS, LLC reports 5 total accounts under management (AUM). There are 5 discretionary accounts valued at $327,282,755, and 0 non-discretionary accounts.
Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered
Discretionary Manager
Source: Form ADV filed 2025-03-27
Reported value
$94.7M
Quarter over quarter
+1.6%
Holdings
36
Top-10 concentration
62.9%
Filing Structure
Reports holdings for
- ALTEGRIS ADVISORS L L C · File #028-15753 · Q4 2014 – Q3 2024
- Altegris Advisors, LLC/TA (not a 13F filer in our records) · Q4 2015 – Q4 2015 · declared by one filing
Key People
Form ADV owners & control persons
Burland Bland East
SOLE SHAREHOLDER
Ernest Sylvan Rady
TRUSTEE OF ERNEST RADY TRUST (SOLE MEMBER OF AMERICAN ASSETS INVESTMENT MANAGEMENT, LLC)
Creede Everett Murphy
CHIEF OPERATING OFFICER, PORTFOLIO MANAGER
Filing Navigation
13F Metrics
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Q3 2025 13F record
Q3 2025 13F filing summary
| Period of report | September 30, 2025 |
|---|---|
| Filed | November 04, 2025 |
| Form | 13F-HR |
| Reported value | $94.7M |
| Positions | 36 |
| Change in reported value | -4.8% |
| New positions | 0 |
| Exited positions | 4 |
| Position turnover | 10.0% |
| Top-10 concentration | 62.9% |
13F filings by quarter
| Quarter | Positions | Value |
|---|---|---|
|
Q3 2025 13F
Filed Nov 4, 2025
|
36 | $94.7M |
|
Q2 2025 13F
Filed Aug 6, 2025
|
40 | $99.5M |
|
Q1 2025 13F
Filed May 8, 2025
|
40 | $239.0M |
|
Q4 2024 13F
Filed Feb 10, 2025
|
40 | $299.7M |
|
Q3 2024 13F
Filed Nov 5, 2024
|
37 | $325.8M |
|
Q2 2024 13F
Filed Jul 31, 2024
|
35 | $315.8M |
|
Q1 2024 13F
Filed May 10, 2024
|
33 | $351.0M |
|
Q4 2023 13F
Filed Feb 13, 2024
|
33 | $353.2M |
|
Q3 2023 13F
Filed Nov 8, 2023
|
33 | $354.1M |
|
Q2 2023 13F
Filed Aug 7, 2023
|
33 | $396.7M |
|
Q1 2023 13F
Filed May 4, 2023
|
36 | $428.1M |
|
Q4 2022 13F
Filed Feb 7, 2023
|
34 | $412.8M |
|
Q3 2022 13F
Filed Oct 25, 2022
|
32 | $508.6M |
|
Q2 2022 13F
Filed Jul 21, 2022
|
33 | $664.3M |
|
Q1 2022 13F
Filed May 6, 2022
|
35 | $848.2M |
|
Q4 2021 13F
Filed Feb 3, 2022
|
31 | $1.0B |
|
Q3 2021 13F
Filed Oct 21, 2021
|
29 | $835.4M |
|
Q2 2021 13F
Filed Aug 4, 2021
|
31 | $881.7M |
|
Q1 2021 13F
Filed Apr 29, 2021
|
31 | $770.1M |
|
Q4 2020 13F
Filed Feb 8, 2021
|
30 | $709.0M |
24 earlier quarters on file — choose one from the quarter menu above.
Top 20 holdings · Q3 2025
| # | Holding | Reported value | % of portfolio |
|---|---|---|---|
| 1 | VGSH VANGUARD SCOTTSDALE FDS | $13.6M | 14.34% |
| 2 | FTAI FTAI AVIATION LTD | $7.1M | 7.54% |
| 3 | AMT AMERICAN TOWER CORP NEW | $6.4M | 6.74% |
| 4 | PLD PROLOGIS INC. | $5.7M | 5.98% |
| 5 | FIP FTAI INFRASTRUCTURE INC | $5.6M | 5.93% |
| 6 | EQIX EQUINIX INC | $5.1M | 5.35% |
| 7 | CZR CAESARS ENTERTAINMENT INC NE | $4.6M | 4.85% |
| 8 | DLR DIGITAL RLTY TR INC | $4.2M | 4.43% |
| 9 | SPG SIMON PPTY GROUP INC NEW | $4.1M | 4.36% |
| 10 | MAC MACERICH CO | $3.2M | 3.35% |
| 11 | VTR VENTAS INC | $3.0M | 3.15% |
| 12 | CDZI CADIZ INC | $2.8M | 2.99% |
| 13 | MGM MGM RESORTS INTERNATIONAL | $2.5M | 2.64% |
| 14 | IRM IRON MTN INC DEL | $2.5M | 2.63% |
| 15 | CBRE CBRE GROUP INC | $2.5M | 2.61% |
| 16 | WELL WELLTOWER INC | $2.3M | 2.39% |
| 17 | CCI CROWN CASTLE INC | $2.2M | 2.36% |
| 18 | EXR EXTRA SPACE STORAGE INC | $2.2M | 2.3% |
| 19 | CSGP COSTAR GROUP INC | $2.1M | 2.17% |
| 20 | PSA PUBLIC STORAGE OPER CO | $1.5M | 1.53% |
Values as reported on the Q3 2025 Form 13F. Every position is in the holdings table below.