0001389256-24-000009.txt : 20240213 0001389256-24-000009.hdr.sgml : 20240213 20240213172954 ACCESSION NUMBER: 0001389256-24-000009 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240213 DATE AS OF CHANGE: 20240213 EFFECTIVENESS DATE: 20240213 FILER: COMPANY DATA: COMPANY CONFORMED NAME: American Assets Investment Management, LLC CENTRAL INDEX KEY: 0001389256 ORGANIZATION NAME: IRS NUMBER: 810567059 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12131 FILM NUMBER: 24630258 BUSINESS ADDRESS: STREET 1: 3430 CARMEL MOUNTAIN ROAD STREET 2: SUITE 150 CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 858-345-1463 MAIL ADDRESS: STREET 1: 3430 CARMEL MOUNTAIN ROAD STREET 2: SUITE 150 CITY: SAN DIEGO STATE: CA ZIP: 92121 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001389256 XXXXXXXX 12-31-2023 12-31-2023 American Assets Investment Management, LLC
3430 CARMEL MOUNTAIN ROAD SUITE 150 SAN DIEGO CA 92121
13F HOLDINGS REPORT 028-12131 000131660 801-65209 N
Ernest S. Rady Chief Executive Officer 858-350-2600 Ernest S. Rady San Diego CA 02-13-2024 0 171 969401312 false
INFORMATION TABLE 2 aaim13fq42023v3.xml EXXON MOBIL CORP COM 30231G102 44991000 450000 SH SOLE 0 0 450000 APPLE INC COM 037833100 40431300 210000 SH SOLE 0 0 210000 MICROSOFT CORP COM 594918104 33711986 89650 SH SOLE 10850 0 78800 AMERICAN ASSETS TR INC COM 024013104 33209813 1475336 SH SOLE 0 0 1475336 JPMORGAN CHASE & CO COM 46625H100 30209760 177600 SH SOLE 0 0 177600 WELLS FARGO CO NEW COM 949746101 27317100 555000 SH SOLE 0 0 555000 CHEVRON CORP NEW COM 166764100 26848800 180000 SH SOLE 10000 0 170000 BANK AMERICA CORP COM 060505104 25824890 767000 SH SOLE 105000 0 662000 GOLDMAN SACHS GROUP INC COM 38141G104 20831580 54000 SH SOLE 0 0 54000 PHILLIPS 66 COM 718546104 17015292 127800 SH SOLE 26400 0 101400 ESSEX PPTY TR INC COM 297178105 14752430 59500 SH SOLE 0 0 59500 SHELL PLC SPON ADS 780259305 14541800 221000 SH SOLE 0 0 221000 TRUIST FINL CORP COM 89832Q109 14177280 384000 SH SOLE 0 0 384000 MERCK & CO INC COM 58933Y105 13627500 125000 SH SOLE 0 0 125000 CATERPILLAR INC COM 149123101 13305150 45000 SH SOLE 0 0 45000 CAPITAL ONE FINL CORP COM 14040h105 13046440 99500 SH SOLE 20000 0 79500 LENNAR CORP CL A 526057104 12872585 86370 SH SOLE 45000 0 41370 US BANCORP DEL COM NEW 902973304 11685600 270000 SH SOLE 0 0 270000 ROYAL BK CDA COM 780087102 10466955 103500 SH SOLE 0 0 103500 AMGEN INC COM 031162100 10135424 35190 SH SOLE 9900 0 25290 TOTALENERGIES SE SPONSORED ADS 89151E109 10107000 150000 SH SOLE 0 0 150000 TORONTO DOMINION BK ONT COM NEW 891160509 10016100 155000 SH SOLE 0 0 155000 BANK MONTREAL QUE COM 063671101 9498240 96000 SH SOLE 0 0 96000 NOVARTIS AG SPONSORED ADR 66987v109 9451802 93610 SH SOLE 25500 0 68110 KROGER CO COM 501044101 9423117 206150 SH SOLE 98200 0 107950 ABBVIE INC COM 00287Y109 9343761 60294 SH SOLE 0 0 60294 PNC FINL SVCS GROUP INC COM 693475105 9291000 60000 SH SOLE 0 0 60000 INTERNATIONAL BUSINESS MACHS COM 459200101 8995250 55000 SH SOLE 0 0 55000 FEDEX CORP COM 31428X106 8853950 35000 SH SOLE 0 0 35000 COCA COLA CO COM 191216100 8843036 150060 SH SOLE 70000 0 80060 RIGETTI COMPUTING INC COMMON STOCK 76655K103 8656453 8789169 SH SOLE 0 0 8789169 MORGAN STANLEY COM NEW 617446448 8579000 92000 SH SOLE 0 0 92000 WALMART INC COM 931142103 8513100 54000 SH SOLE 13500 0 40500 PRUDENTIAL FINL INC COM 744320102 8344403 80459 SH SOLE 10000 0 70459 UNILEVER PLC SPON ADR NEW 904767704 8241600 170000 SH SOLE 0 0 170000 CONOCOPHILLIPS COM 20825C104 8124900 70000 SH SOLE 0 0 70000 DEERE & CO COM 244199105 7997400 20000 SH SOLE 0 0 20000 JOHNSON & JOHNSON COM 478160104 7837000 50000 SH SOLE 0 0 50000 MICROCHIP TECHNOLOGY INC. COM 595017104 7214400 80000 SH SOLE 80000 0 0 EDISON INTL COM 281020107 7149000 100000 SH SOLE 0 0 100000 NORTHROP GRUMMAN CORP COM 666807102 7022100 15000 SH SOLE 0 0 15000 ELI LILLY & CO COM 532457108 6995040 12000 SH SOLE 0 0 12000 SEMPRA COM 816851109 6875160 92000 SH SOLE 0 0 92000 ALPHABET INC CAP STK CL A 02079k305 6844810 49000 SH SOLE 9000 0 40000 METLIFE INC COM 59156R108 6831494 103304 SH SOLE 0 0 103304 PPG INDS INC COM 693506107 6767138 45250 SH SOLE 10000 0 35250 HSBC HLDGS PLC SPON ADR NEW 404280406 6766856 166918 SH SOLE 0 0 166918 PEPSICO INC COM 713448108 6759632 39800 SH SOLE 0 0 39800 GENERAL ELECTRIC CO COM NEW 369604301 6700575 52500 SH SOLE 0 0 52500 STATE STR CORP COM 857477103 6584100 85000 SH SOLE 0 0 85000 BRISTOL-MYERS SQUIBB CO COM 110122108 6516370 127000 SH SOLE 0 0 127000 PFIZER INC COM 717081103 6333800 220000 SH SOLE 0 0 220000 CVS HEALTH CORP COM 126650100 6316800 80000 SH SOLE 0 0 80000 TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100 6240000 60000 SH SOLE 0 0 60000 EQUITY RESIDENTIAL SH BEN INT 29476L107 6116000 100000 SH SOLE 0 0 100000 CITIGROUP INC COM NEW 172967424 5987616 116400 SH SOLE 0 0 116400 BANK NEW YORK MELLON CORP COM 064058100 5985750 115000 SH SOLE 0 0 115000 SCHWAB CHARLES CORP COM 808513105 5963171 86674 SH SOLE 0 0 86674 PINNACLE WEST CAP CORP COM 723484101 5962720 83000 SH SOLE 0 0 83000 MEDTRONIC PLC SHS g5960l103 5901044 71632 SH SOLE 23780 0 47852 CHUBB LIMITED COM h1467j104 5650000 25000 SH SOLE 25000 0 0 TOYOTA MOTOR CORP ADS 892331307 5501400 30000 SH SOLE 0 0 30000 VERIZON COMMUNICATIONS INC COM 92343V104 5278000 140000 SH SOLE 0 0 140000 BIOGEN INC COM 09062X103 5175400 20000 SH SOLE 0 0 20000 NORTHERN TR CORP COM 665859104 5062800 60000 SH SOLE 0 0 60000 AMERICAN ELEC PWR CO INC COM 025537101 4873200 60000 SH SOLE 0 0 60000 BANK NOVA SCOTIA HALIFAX COM 064149107 4869000 100000 SH SOLE 0 0 100000 ADVANCED MICRO DEVICES INC COM 007903107 4422300 30000 SH SOLE 0 0 30000 MONDELEZ INTL INC CL A 609207105 4418954 61010 SH SOLE 35000 0 26010 QUEST DIAGNOSTICS INC COM 74834L100 4412160 32000 SH SOLE 0 0 32000 XCEL ENERGY INC COM 98389B100 4333700 70000 SH SOLE 0 0 70000 AMERIPRISE FINL INC COM 03076c106 4273088 11250 SH SOLE 11000 0 250 HILTON WORLDWIDE HLDGS INC COM 43300A203 4248524 23332 SH SOLE 0 0 23332 WEC ENERGY GROUP INC COM 92939U106 4208500 50000 SH SOLE 0 0 50000 DUPONT DE NEMOURS INC COM 26614n102 4149835 53943 SH SOLE 13243 0 40700 LABORATORY CORP AMER HLDGS COM NEW 50540R409 4091220 18000 SH SOLE 0 0 18000 JEFFERIES FINL GROUP INC COM 47233W109 4041000 100000 SH SOLE 0 0 100000 ALLY FINL INC COM 02005N100 4015800 115000 SH SOLE 0 0 115000 UNITED RENTALS INC COM 911363109 4013940 7000 SH SOLE 0 0 7000 SANOFI SPONSORED ADR 80105N105 3978400 80000 SH SOLE 0 0 80000 CONSTELLATION ENERGY CORP COM 21037T109 3896294 33333 SH SOLE 0 0 33333 DOW INC COM 260557103 3786373 69044 SH SOLE 13243 0 55801 UNION PAC CORP COM 907818108 3684300 15000 SH SOLE 0 0 15000 PARAMOUNT GLOBAL CLASS B COM 92556H206 3591012 242800 SH SOLE 0 0 242800 EXELON CORP COM 30161N101 3590000 100000 SH SOLE 0 0 100000 AMERICAN INTL GROUP INC COM NEW 026874784 3387500 50000 SH SOLE 0 0 50000 ABBOTT LABS COM 002824100 3357135 30500 SH SOLE 0 0 30500 PERRIGO CO PLC SHS G97822103 3218000 100000 SH SOLE 0 0 100000 DUKE ENERGY CORP NEW COM NEW 26441C204 3169909 32666 SH SOLE 0 0 32666 WESTERN DIGITAL CORP. COM 958102105 3142200 60000 SH SOLE 0 0 60000 ENERGY TRANSFER L P COM UT LTD PTN 29273V100 3116040 225800 SH SOLE 0 0 225800 NEXTERA ENERGY INC COM 65339F101 3037000 50000 SH SOLE 0 0 50000 THE CIGNA GROUP COM 125523100 3006478 10040 SH SOLE 0 0 10040 WALGREENS BOOTS ALLIANCE INC COM 931427108 2861133 109580 SH SOLE 38740 0 70840 NRG ENERGY INC COM NEW 629377508 2747648 53146 SH SOLE 0 0 53146 STRYKER CORPORATION COM 863667101 2695140 9000 SH SOLE 0 0 9000 FIRSTENERGY CORP COM 337932107 2566200 70000 SH SOLE 0 0 70000 ALCOA CORP COM 013872106 2550000 75000 SH SOLE 0 0 75000 RTX CORPORATION COM 75513E101 2524200 30000 SH SOLE 0 0 30000 PROCTER AND GAMBLE CO COM 742718109 2491180 17000 SH SOLE 0 0 17000 VIATRIS INC COM 92556V106 2436750 225000 SH SOLE 0 0 225000 HCA HEALTHCARE INC COM 40412C101 2436120 9000 SH SOLE 0 0 9000 WEYERHAEUSER CO MTN BE COM NEW 962166104 2433900 70000 SH SOLE 0 0 70000 CARDINAL HEALTH INC COM 14149Y108 2346322 23277 SH SOLE 0 0 23277 ALBERTSONS COS INC COMMON STOCK 013091103 2300000 100000 SH SOLE 0 0 100000 COTERRA ENERGY INC COM 127097103 2245760 88000 SH SOLE 48000 0 40000 BAXTER INTL INC COM 071813109 2235669 57829 SH SOLE 0 0 57829 ARCHER DANIELS MIDLAND CO COM 039483102 2226543 30830 SH SOLE 30000 0 830 KINDER MORGAN INC DEL COM 49456B101 2205000 125000 SH SOLE 0 0 125000 UNITED THERAPEUTICS CORP DEL COM 91307C102 2198900 10000 SH SOLE 0 0 10000 WYNN RESORTS LTD COM 983134107 2167051 23785 SH SOLE 0 0 23785 SELECT SECTOR SPDR TR SBI INT-UTILS 81369y886 2153220 34000 SH SOLE 30000 0 4000 KENVUE INC COM 49177J102 2153000 100000 SH SOLE 0 0 100000 CHESAPEAKE ENERGY CORP COM 165167735 1923500 25000 SH SOLE 0 0 25000 PPL CORP COM 69351T106 1897000 70000 SH SOLE 0 0 70000 PHILIP MORRIS INTL INC COM 718172109 1881600 20000 SH SOLE 0 0 20000 GILEAD SCIENCES INC COM 375558103 1863230 23000 SH SOLE 0 0 23000 ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 1860240 24000 SH SOLE 0 0 24000 KRAFT HEINZ CO COM 500754106 1849000 50000 SH SOLE 0 0 50000 MADISON SQUARE GRDN SPRT COR CL A 55825T103 1818300 10000 SH SOLE 0 0 10000 ADOBE INC COM 00724f101 1789800 3000 SH SOLE 3000 0 0 COMCAST CORP NEW CL A 20030N101 1754000 40000 SH SOLE 0 0 40000 SOUTHERN CO COM 842587107 1753000 25000 SH SOLE 0 0 25000 VITESSE ENERGY INC COMMON STOCK 92852X103 1751528 80015 SH SOLE 0 0 80015 UNITED PARCEL SERVICE INC CL B 911312106 1572300 10000 SH SOLE 0 0 10000 JOHNSON CTLS INTL PLC SHS g51502105 1510168 26200 SH SOLE 25000 0 1200 GSK PLC SPONSORED ADR 37733W204 1482400 40000 SH SOLE 0 0 40000 ALCON AG ORD SHS h01301128 1462563 18722 SH SOLE 5100 0 13622 CANADIAN IMPERIAL BK COMM TO COM 136069101 1444200 30000 SH SOLE 0 0 30000 GOODYEAR TIRE & RUBR CO COM 382550101 1432000 100000 SH SOLE 0 0 100000 GE HEALTHCARE TECHNOLOGIES I COMMON STOCK 36266G107 1353100 17500 SH SOLE 0 0 17500 BECTON DICKINSON & CO COM 075887109 1341065 5500 SH SOLE 0 0 5500 ENTERPRISE PRODS PARTNERS L COM 293792107 1317500 50000 SH SOLE 0 0 50000 BRIGHTHOUSE FINL INC COM 10922N103 1058400 20000 SH SOLE 0 0 20000 HAWAIIAN ELEC INDUSTRIES COM 419870100 993300 70000 SH SOLE 0 0 70000 AMERICAN TOWER CORP NEW COM 03027X100 957212 4434 SH SOLE 0 0 4434 WELLTOWER INC COM 95040Q104 901700 10000 SH SOLE 0 0 10000 JAZZ PHARMACEUTICALS PLC SHS USD G50871105 861000 7000 SH SOLE 0 0 7000 DIGITAL RLTY TR INC COM 253868103 856333 6363 SH SOLE 0 0 6363 HALEON PLC SPON ADS 405552100 823000 100000 SH SOLE 0 0 100000 TAKEDA PHARMACEUTICAL CO LTD SPONSORED ADS 874060205 813390 57000 SH SOLE 0 0 57000 BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 802485 2250 SH SOLE 0 0 2250 WARNER BROS DISCOVERY INC COM SER A 934423104 682800 60000 SH SOLE 60000 0 0 FTAI AVIATION LTD SHS G3730V105 664309 14317 SH SOLE 0 0 14317 CORTEVA INC COM 22052l104 653917 13646 SH SOLE 13243 0 403 GENERAL MLS INC COM 370334104 651400 10000 SH SOLE 0 0 10000 DIGITALBRIDGE GROUP INC CL A NEW 25401T603 628721 35845 SH SOLE 0 0 35845 SNOWFLAKE INC CL A 833445109 597000 3000 SH SOLE 3000 0 0 NEW FORTRESS ENERGY INC COM CL A 644393100 595681 15788 SH SOLE 0 0 15788 HUDSON PAC PPTYS INC COM 444097109 582126 62527 SH SOLE 0 0 62527 FTAI INFRASTRUCTURE INC COMMON STOCK 35953C106 576665 148243 SH SOLE 0 0 148243 MGM RESORTS INTERNATIONAL COM 552953101 536160 12000 SH SOLE 0 0 12000 INNOVATIVE INDL PPTYS INC COM 45781V101 510048 5059 SH SOLE 0 0 5059 CAESARS ENTERTAINMENT INC NE COM 12769G100 498991 10644 SH SOLE 0 0 10644 EQUINIX INC COM 29444U700 466321 579 SH SOLE 0 0 579 CROWN CASTLE INC COM 22822V101 455346 3953 SH SOLE 0 0 3953 ALEXANDRIA REAL ESTATE EQ IN COM 015271109 405030 3195 SH SOLE 0 0 3195 BLOCK INC CL A 852234103 386750 5000 SH SOLE 5000 0 0 AMERICOLD REALTY TRUST INC COM 03064D108 369960 12222 SH SOLE 0 0 12222 PROLOGIS INC. COM 74340W103 359977 2701 SH SOLE 0 0 2701 SBA COMMUNICATIONS CORP NEW CL A 78410G104 331319 1306 SH SOLE 0 0 1306 REXFORD INDL RLTY INC COM 76169C100 320163 5707 SH SOLE 0 0 5707 MACERICH CO COM 554382101 282462 18306 SH SOLE 0 0 18306 INVITATION HOMES INC COM 46187W107 278917 8177 SH SOLE 0 0 8177 EXTRA SPACE STORAGE INC COM 30225T102 258131 1610 SH SOLE 0 0 1610 SUN CMNTYS INC COM 866674104 232952 1743 SH SOLE 0 0 1743 CADIZ INC COM NEW 127537207 231694 82748 SH SOLE 0 0 82748 CUBESMART COM 229663109 222480 4800 SH SOLE 0 0 4800 BROOKFIELD RENEWABLE CORP CL A SUB VTG 11284V105 215234 7476 SH SOLE 0 0 7476 BROOKFIELD INFRASTRUCTURE CO COM SB VTG SHS A 11275Q107 213373 6048 SH SOLE 0 0 6048 VNET GROUP INC SPONSORED ADS A 90138A103 143500 50000 SH SOLE 0 0 50000