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   137,093,795 7,374,599 SH   SOLE   7,374,599 0 0
WELLS FARGO CO NEW COM 949746101   59,831,400 1,600,626 SH   SOLE   1,600,626 0 0
EXXON MOBIL CORP COM 30231G102   3,838,100 35,000 SH   SOLE   35,000 0 0
BANK AMERICA CORP COM 060505104   2,502,500 87,500 SH   SOLE   87,500 0 0
CAPITAL ONE FINL CORP COM 14040H105   961,600 10,000 SH   SOLE   10,000 0 0
TORONTO DOMINION BK ONT COM NEW 891160509   898,500 15,000 SH   SOLE   15,000 0 0
CHEVRON CORP NEW COM 166764100   815,800 5,000 SH   SOLE   5,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109   559,850 5,000 SH   SOLE   5,000 0 0
TRUIST FINL CORP COM 89832Q109   341,000 10,000 SH   SOLE   10,000 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108   333,650 5,000 SH   SOLE   5,000 0 0