American Assets Investment Management 13F annual report
American Assets Investment Management is an investment fund managing more than $1.07 trillion ran by Ernest Rady. There are currently 161 companies in Mr. Rady’s portfolio. The largest investments include Exxon Mobil and Bank America Corp, together worth $96.7 billion.
$1.07 trillion Assets Under Management (AUM)
As of 24th July 2024, American Assets Investment Management’s top holding is 450,000 shares of Exxon Mobil currently worth over $51.8 billion and making up 4.8% of the portfolio value.
Relative to the number of outstanding shares of Exxon Mobil, American Assets Investment Management owns more than approximately 0.1% of the company.
In addition, the fund holds 1,128,950 shares of Bank America Corp worth $44.9 billion.
The third-largest holding is Apple Inc worth $44.2 billion and the next is Microsoft worth $40.1 billion, with 89,650 shares owned.
Currently, American Assets Investment Management's portfolio is worth at least $1.07 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at American Assets Investment Management
The American Assets Investment Management office and employees reside in San Diego, California. According to the last 13-F report filed with the SEC, Ernest Rady serves as the Chief Executive Officer at American Assets Investment Management.
Recent trades
In the most recent 13F filing, American Assets Investment Management revealed that it had opened a new position in
Boeing Co and bought 30,000 shares worth $5.46 billion.
This means they effectively own approximately 0.1% of the company.
Boeing Co makes up
9.5%
of the fund's Industrials sector allocation and has decreased its share price by 24.8% in the past year.
The investment fund also strengthened its position in Bank America Corp by buying
361,950 additional shares.
This makes their stake in Bank America Corp total 1,128,950 shares worth $44.9 billion.
On the other hand, there are companies that American Assets Investment Management is getting rid of from its portfolio.
American Assets Investment Management closed its position in Laboratory Corp Amer Hldgs on 31st July 2024.
It sold the previously owned 18,000 shares for $3.93 billion.
Ernest Rady also disclosed a decreased stake in Paramount Global by 0.4%.
This leaves the value of the investment at $1.56 billion and 150,000 shares.
One of the average hedge funds
The two most similar investment funds to American Assets Investment Management are Lindbrook Capital and Teza Capital Management. They manage $1.07 trillion and $1.07 trillion respectively.
Ernest Rady investment strategy
American Assets Investment Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Energy — making up 10.5% of
the total portfolio value.
The fund focuses on investments in the United States as
49.1% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
50% of the total holdings value.
On the other hand, small-cap stocks make up only 1.2% of the portfolio.
The average market cap of the portfolio companies is close to $145 billion.
The complete list of American Assets Investment Management trades based on 13F SEC filings
These positions were updated on July 31st based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Exxon Mobil Corp. |
No change
450,000
|
$51,804,000,000 | 4.85% |
| Bank America Corp |
47.19%
1,128,950
|
$44,898,342,000 | 4.20% |
| Apple Inc |
No change
210,000
|
$44,230,200,000 | 4.14% |
| Microsoft Corporation |
No change
89,650
|
$40,069,068,000 | 3.75% |
| Jpmorgan Chase Co. |
No change
177,600
|
$35,921,376,000 | 3.36% |
| American Assets Tr Inc |
No change
1,475,336
|
$33,018,020,000 | 3.09% |
| Wells Fargo Co New |
No change
555,000
|
$32,961,450,000 | 3.08% |
| Chevron Corp. |
No change
180,000
|
$28,155,600,000 | 2.63% |
| Goldman Sachs Group, Inc. |
No change
54,000
|
$24,425,280,000 | 2.29% |
| Phillips 66 |
No change
127,800
|
$18,041,526,000 | 1.69% |
| Essex Ppty Tr Inc |
No change
59,500
|
$16,195,900,000 | 1.52% |
| Shell Plc |
No change
221,000
|
$15,951,780,000 | 1.49% |
| Merck Co Inc |
No change
125,000
|
$15,475,000,000 | 1.45% |
| Caterpillar Inc. |
No change
45,000
|
$14,989,500,000 | 1.40% |
| Truist Finl Corp |
No change
384,000
|
$14,918,400,000 | 1.40% |
| Capital One Finl Corp |
No change
99,500
|
$13,775,775,000 | 1.29% |
| Lennar Corp. |
No change
86,370
|
$12,944,272,000 | 1.21% |
| Royal Bk Cda |
No change
103,500
|
$11,010,330,000 | 1.03% |
| AMGEN Inc. |
No change
35,190
|
$10,995,116,000 | 1.03% |
| Walmart Inc |
No change
162,000
|
$10,969,020,000 | 1.03% |
| Eli Lilly Co |
No change
12,000
|
$10,864,560,000 | 1.02% |
| Us Bancorp Del |
No change
270,000
|
$10,719,000,000 | 1.00% |
| Fedex Corp |
No change
35,000
|
$10,494,400,000 | 0.98% |
| Taiwan Semiconductor Mfg Ltd |
No change
60,000
|
$10,428,600,000 | 0.98% |
| Abbvie Inc |
No change
60,294
|
$10,341,627,000 | 0.97% |
| Kroger Co. |
No change
206,150
|
$10,293,070,000 | 0.96% |
| TotalEnergies SE |
No change
150,000
|
$10,002,000,000 | 0.94% |
| Novartis AG |
No change
93,610
|
$9,965,721,000 | 0.93% |
| Citigroup Inc |
No change
156,400
|
$9,925,144,000 | 0.93% |
| Coca-Cola Co |
No change
150,060
|
$9,551,319,000 | 0.89% |
| International Business Machs |
No change
55,000
|
$9,512,250,000 | 0.89% |
| Prudential Finl Inc |
No change
80,459
|
$9,428,990,000 | 0.88% |
| Unilever plc |
No change
170,000
|
$9,348,300,000 | 0.87% |
| Pnc Finl Svcs Group Inc |
No change
60,000
|
$9,328,800,000 | 0.87% |
| Rigetti Computing Inc |
No change
8,439,169
|
$9,029,911,000 | 0.84% |
| Morgan Stanley |
No change
92,000
|
$8,941,480,000 | 0.84% |
| Alphabet Inc |
No change
49,000
|
$8,925,350,000 | 0.84% |
| Toronto Dominion Bk Ont |
No change
155,000
|
$8,518,800,000 | 0.80% |
| GE Aerospace |
No change
52,500
|
$8,345,925,000 | 0.78% |
| Bank Montreal Que |
No change
96,000
|
$8,049,600,000 | 0.75% |
| Conocophillips |
No change
70,000
|
$8,006,600,000 | 0.75% |
| Deere Co |
No change
20,000
|
$7,472,600,000 | 0.70% |
| Microchip Technology, Inc. |
No change
80,000
|
$7,320,000,000 | 0.68% |
| Johnson Johnson |
No change
50,000
|
$7,308,000,000 | 0.68% |
| Hsbc Hldgs Plc |
No change
166,918
|
$7,260,933,000 | 0.68% |
| MetLife, Inc. |
No change
103,304
|
$7,250,908,000 | 0.68% |
| Edison Intl |
No change
100,000
|
$7,181,000,000 | 0.67% |
| Sempra |
No change
92,000
|
$6,997,520,000 | 0.65% |
| Equity Residential |
No change
100,000
|
$6,934,000,000 | 0.65% |
| Bank New York Mellon Corp |
No change
115,000
|
$6,887,350,000 | 0.64% |
| Constellation Energy Corp |
No change
33,333
|
$6,675,600,000 | 0.62% |
| Pepsico Inc |
No change
39,800
|
$6,564,214,000 | 0.61% |
| Northrop Grumman Corp. |
No change
15,000
|
$6,539,250,000 | 0.61% |
| Schwab Charles Corp |
No change
86,674
|
$6,387,007,000 | 0.60% |
| Chubb Limited |
No change
25,000
|
$6,377,000,000 | 0.60% |
| Pinnacle West Cap Corp |
No change
83,000
|
$6,339,540,000 | 0.59% |
| State Str Corp |
No change
85,000
|
$6,290,000,000 | 0.59% |
| Pfizer Inc. |
No change
220,000
|
$6,155,600,000 | 0.58% |
| Toyota Motor Corporation |
No change
30,000
|
$6,149,100,000 | 0.58% |
| Verizon Communications Inc |
No change
140,000
|
$5,773,600,000 | 0.54% |
| Ppg Inds Inc |
No change
45,250
|
$5,696,523,000 | 0.53% |
| Medtronic Plc |
No change
71,632
|
$5,638,155,000 | 0.53% |
| Boeing Co. |
Opened
30,000
|
$5,460,300,000 | 0.51% |
| Bristol-Myers Squibb Co. |
No change
127,000
|
$5,274,310,000 | 0.49% |
| American Elec Pwr Co Inc |
No change
60,000
|
$5,264,400,000 | 0.49% |
| Hilton Worldwide Holdings Inc |
No change
23,332
|
$5,091,042,000 | 0.48% |
| Northern Tr Corp |
No change
60,000
|
$5,038,800,000 | 0.47% |
| Jefferies Finl Group Inc |
No change
100,000
|
$4,976,000,000 | 0.47% |
| Advanced Micro Devices Inc. |
No change
30,000
|
$4,866,300,000 | 0.46% |
| Ameriprise Finl Inc |
No change
11,250
|
$4,805,888,000 | 0.45% |
| CVS Health Corp |
No change
80,000
|
$4,724,800,000 | 0.44% |
| Biogen Inc |
No change
20,000
|
$4,636,400,000 | 0.43% |
| Bank Nova Scotia Halifax |
No change
100,000
|
$4,572,000,000 | 0.43% |
| Ally Finl Inc |
No change
115,000
|
$4,562,050,000 | 0.43% |
| Western Digital Corp. |
No change
60,000
|
$4,546,200,000 | 0.43% |
| United Rentals, Inc. |
No change
7,000
|
$4,527,110,000 | 0.42% |
| Quest Diagnostics, Inc. |
No change
32,000
|
$4,380,160,000 | 0.41% |
| DuPont de Nemours Inc |
No change
53,943
|
$4,341,873,000 | 0.41% |
| NRG Energy Inc. |
No change
53,146
|
$4,137,948,000 | 0.39% |
| Mondelez International Inc. |
No change
61,010
|
$3,992,494,000 | 0.37% |
| Laboratory Corp Amer Hldgs |
Closed
18,000
|
$3,932,280,000 | |
| WEC Energy Group Inc |
No change
50,000
|
$3,923,000,000 | 0.37% |
| Sanofi |
No change
80,000
|
$3,881,600,000 | 0.36% |
| Xcel Energy Inc. |
No change
70,000
|
$3,738,700,000 | 0.35% |
| American Intl Group Inc |
No change
50,000
|
$3,712,000,000 | 0.35% |
| Labcorp Holdings Inc. |
Opened
18,000
|
$3,663,180,000 | 0.34% |
| Dow Inc |
No change
69,044
|
$3,662,784,000 | 0.34% |
| Energy Transfer L P |
No change
225,800
|
$3,662,476,000 | 0.34% |
| NextEra Energy Inc |
No change
50,000
|
$3,540,500,000 | 0.33% |
| Exelon Corp. |
No change
100,000
|
$3,461,000,000 | 0.32% |
| Ge Vernova Inc |
Opened
20,005
|
$3,431,058,000 | 0.32% |
| Union Pac Corp |
No change
15,000
|
$3,393,900,000 | 0.32% |
| Cigna Group (The) |
No change
10,040
|
$3,318,923,000 | 0.31% |
| Duke Energy Corp. |
No change
32,666
|
$3,274,113,000 | 0.31% |
| United Therapeutics Corp |
No change
10,000
|
$3,185,500,000 | 0.30% |
| Abbott Labs |
No change
30,500
|
$3,169,255,000 | 0.30% |
| Starbucks Corp. |
Opened
40,000
|
$3,114,000,000 | 0.29% |
| Intel Corp. |
Opened
100,000
|
$3,097,000,000 | 0.29% |
| Stryker Corp. |
No change
9,000
|
$3,062,250,000 | 0.29% |
| RTX Corp |
No change
30,000
|
$3,011,700,000 | 0.28% |
| Alcoa Corp |
No change
75,000
|
$2,983,500,000 | 0.28% |
| HCA Healthcare Inc |
No change
9,000
|
$2,891,520,000 | 0.27% |
| Procter And Gamble Co |
No change
17,000
|
$2,803,640,000 | 0.26% |
| Firstenergy Corp. |
No change
70,000
|
$2,678,900,000 | 0.25% |
| Viatris Inc. |
No change
250,000
|
$2,657,500,000 | 0.25% |
| Perrigo Co Plc |
No change
100,000
|
$2,568,000,000 | 0.24% |
| Kinder Morgan Inc |
No change
125,000
|
$2,483,750,000 | 0.23% |
| Select Sector Spdr Tr |
No change
34,000
|
$2,316,760,000 | 0.22% |
| Cardinal Health, Inc. |
No change
23,277
|
$2,288,595,000 | 0.21% |
| Chesapeake Energy Corp. |
Closed
25,000
|
$2,220,750,000 | |
| Philip Morris International Inc |
No change
20,000
|
$2,026,600,000 | 0.19% |
| Wynn Resorts Ltd. |
No change
22,592
|
$2,021,984,000 | 0.19% |
| Weyerhaeuser Co Mtn Be |
No change
70,000
|
$1,987,300,000 | 0.19% |
| Albertsons Cos Inc |
No change
100,000
|
$1,975,000,000 | 0.18% |
| The Southern Co. |
No change
25,000
|
$1,939,250,000 | 0.18% |
| PPL Corp |
No change
70,000
|
$1,935,500,000 | 0.18% |
| Baxter International Inc. |
No change
57,829
|
$1,934,380,000 | 0.18% |
| Madison Square Grdn Sprt Cor |
No change
10,000
|
$1,881,300,000 | 0.18% |
| Archer Daniels Midland Co. |
No change
30,830
|
$1,863,674,000 | 0.17% |
| Ftai Infrastructure Inc |
25.34%
213,728
|
$1,844,473,000 | 0.17% |
| Kenvue Inc |
No change
100,000
|
$1,818,000,000 | 0.17% |
| Johnson Ctls Intl Plc |
No change
26,200
|
$1,741,514,000 | 0.16% |
| Alibaba Group Hldg Ltd |
No change
24,000
|
$1,728,000,000 | 0.16% |
| Alcon Ag |
No change
18,722
|
$1,667,756,000 | 0.16% |
| Adobe Inc |
No change
3,000
|
$1,666,620,000 | 0.16% |
| Kraft Heinz Co |
No change
50,000
|
$1,611,000,000 | 0.15% |
| Gilead Sciences, Inc. |
No change
23,000
|
$1,578,030,000 | 0.15% |
| Comcast Corp New |
No change
40,000
|
$1,566,400,000 | 0.15% |
| Paramount Global |
38.22%
150,000
|
$1,558,500,000 | 0.15% |
| GSK Plc |
No change
40,000
|
$1,540,000,000 | 0.14% |
| FTAI Aviation Ltd |
No change
14,317
|
$1,477,944,000 | 0.14% |
| Enterprise Prods Partners L |
No change
50,000
|
$1,449,000,000 | 0.14% |
| Canadian Imperial Bk Comm To |
No change
30,000
|
$1,426,200,000 | 0.13% |
| United Parcel Service, Inc. |
No change
10,000
|
$1,368,500,000 | 0.13% |
| Ge Healthcare Technologies I |
No change
17,500
|
$1,363,600,000 | 0.13% |
| Walgreens Boots Alliance Inc |
No change
109,580
|
$1,325,370,000 | 0.12% |
| Becton Dickinson Co |
No change
5,500
|
$1,285,405,000 | 0.12% |
| Coterra Energy Inc |
45.45%
48,000
|
$1,280,160,000 | 0.12% |
| Innovative Indl Pptys Inc |
129.43%
11,607
|
$1,267,717,000 | 0.12% |
| New Fortress Energy LLC |
249.79%
56,586
|
$1,243,760,000 | 0.12% |
| Goodyear Tire Rubr Co |
No change
100,000
|
$1,135,000,000 | 0.11% |
| Equinix Inc |
69.10%
1,439
|
$1,088,747,000 | 0.10% |
| Welltower Inc. |
No change
10,000
|
$1,042,500,000 | 0.10% |
| Kirby Corp. |
Opened
8,405
|
$1,006,331,000 | 0.09% |
| Berkshire Hathaway Inc. |
No change
2,250
|
$915,300,000 | 0.09% |
| Brighthouse Finl Inc |
No change
20,000
|
$866,800,000 | 0.08% |
| Haleon Plc |
No change
100,000
|
$826,000,000 | 0.08% |
| Digital Rlty Tr Inc |
11.28%
5,063
|
$769,829,000 | 0.07% |
| American Tower Corp. |
Closed
3,892
|
$769,020,000 | |
| Jazz Pharmaceuticals plc |
No change
7,000
|
$747,110,000 | 0.07% |
| Takeda Pharmaceutical Co |
No change
57,000
|
$737,580,000 | 0.07% |
| Corteva Inc |
No change
13,646
|
$736,065,000 | 0.07% |
| Simon Ppty Group Inc New |
Closed
4,075
|
$637,697,000 | |
| General Mls Inc |
No change
10,000
|
$632,600,000 | 0.06% |
| Hawaiian Elec Industries |
No change
70,000
|
$631,400,000 | 0.06% |
| Macerich Co. |
Closed
35,727
|
$615,576,000 | |
| Digitalbridge Group Inc |
No change
43,278
|
$592,909,000 | 0.06% |
| MGM Resorts International |
19.47%
11,121
|
$494,217,000 | 0.05% |
| Cadiz Inc. |
82.24%
150,801
|
$465,975,000 | 0.04% |
| Warner Bros.Discovery Inc |
No change
60,000
|
$446,400,000 | 0.04% |
| Blackstone Inc |
No change
3,455
|
$427,729,000 | 0.04% |
| Snowflake Inc. |
No change
3,000
|
$405,270,000 | 0.04% |
| Caesars Entertainment Inc Ne |
No change
9,063
|
$360,164,000 | 0.03% |
| Vitesse Energy Inc |
81.25%
15,000
|
$355,500,000 | 0.03% |
| Prologis Inc |
Closed
2,701
|
$351,659,000 | |
| Alexandria Real Estate Eq In |
Closed
2,527
|
$325,756,000 | |
| Block Inc |
No change
5,000
|
$322,450,000 | 0.03% |
| New York Cmnty Bancorp Inc |
No change
100,000
|
$322,000,000 | 0.03% |
| Rexford Indl Rlty Inc |
Closed
4,735
|
$238,171,000 | |
| Extra Space Storage Inc. |
Closed
1,610
|
$236,670,000 | |
| Americold Realty Trust Inc |
Closed
9,477
|
$236,167,000 | |
| Brookfield Infrastructure Corporation |
Closed
6,427
|
$231,629,000 | |
| CubeSmart |
Closed
4,800
|
$217,056,000 | |
| Ventas Inc |
Closed
4,838
|
$210,647,000 | |
| No transactions found | |||
| Showing first 500 out of 174 holdings | |||
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