The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN ASSETS TR INC COM 024013104   166,002,223 7,374,599 SH   SOLE   7,374,599 0 0
WELLS FARGO CO NEW COM 949746101   78,782,812 1,600,626 SH   SOLE   1,600,626 0 0
EXXON MOBIL CORP COM 30231G102   3,499,300 35,000 SH   SOLE   35,000 0 0
BANK AMERICA CORP COM 060505104   2,946,125 87,500 SH   SOLE   87,500 0 0
CAPITAL ONE FINL CORP COM 14040H105   1,311,200 10,000 SH   SOLE   10,000 0 0
TORONTO DOMINION BK ONT COM NEW 891160509   969,300 15,000 SH   SOLE   15,000 0 0
CHEVRON CORP NEW COM 166764100   745,800 5,000 SH   SOLE   5,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109   713,200 5,000 SH   SOLE   5,000 0 0
TRUIST FINL CORP COM 89832Q109   369,200 10,000 SH   SOLE   10,000 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108   323,100 5,000 SH   SOLE   5,000 0 0