American Assets Capital Advisers, LLC

CIK

1626691

Location

SAN DIEGO, CA

Portfolio Value

Micro $94,694,898

Diversification

Diversified

Filing Date

Global Rank

#7,639 / 8,113 ▼ 73 · as of Sep 2025

Top Industry

REIT - Specialty 27.2%

3Y Alpha vs SPY

-11.1%

Period ended 1 year ago

Filed Nov 4, 2025 · 1y

23 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Continues the 13F reports of

ALTEGRIS ADVISORS, L.L.C. from Dec 31, 2014

Portfolio style

Measured from the filed 13F common-share book for Sep 30, 2025, never from the firm's own description.

Style

Concentrated

The top 10 positions are 62.9% of the book (60%+)

Turnover

Medium turnover

38.0% over the last four quarters (30% to under 100%)

Horizon

Long horizon

Value-weighted holding period 12.2 quarters (12+), a floor since 26.0% of the book was already held when coverage starts

Closest benchmark: the S&P MidCap 400 as of 2025-09-30, active share 98.1%; sector active share 68.3% against the combined 13F book's sector weights.

Over time 23 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

36 tracked positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

14.3%

+0.7 pts

Top 5

40.5%

−2.9 pts

Top 10

62.9%

+0.4 pts

HHI

556

Diversified−7

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Real Estate	60.0%	$56,782,941	28
Industrials	16.9%	$16,027,472	4
Unclassified	14.3%	$13,585,816	1
Consumer Cyclical	7.5%	$7,095,071	2
Communication Services	1.3%	$1,203,598	1

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
CZR	Caesars Entertainment, Inc.	+86,009	170,109	$4,597,195
MGM	MGM Resorts International	+13,176	72,068	$2,497,876
CSGP	Costar Group, Inc.	+9,193	24,364	$2,055,590
AGNC	AGNC Investment Corp.	+9,098	47,117	$461,275
Z	Zillow Group, Inc.	+8,813	15,621	$1,203,598
WY	Weyerhaeuser Co	+6,914	29,106	$721,537
PLD	Prologis, Inc.	+5,164	49,450	$5,663,014
CBRE	Cbre Group, Inc.	+5,010	15,698	$2,473,376
NLY	Annaly Capital Management Inc	+3,545	27,373	$553,208
WELL	Welltower Inc.	+3,377	12,723	$2,266,475
VMRK	Vivmark Residential	+2,697	14,274	$923,956
CCI	Crown Castle Inc.	+2,506	23,206	$2,239,146
AMH	American Homes 4 Rent	+2,005	13,335	$443,388
IRM	Iron Mountain Inc	+1,464	24,433	$2,490,700
—		+1,325	5,933	$1,146,077
PSA	Public Storage	+802	5,027	$1,452,048
EXR	Extra Space Storage Inc.	+686	15,490	$2,183,160
AMT	American Tower Corp	+369	33,206	$6,386,177
No positions match the current search.

Trimmed

Positions the filer reduced

12 positions

Ticker	Company	Δ Shares	Shares	Value
FIP	FTAI Infrastructure Inc.	−478,696	1,287,999	$5,615,675
CDZI	Cadiz Inc	−378,441	601,113	$2,837,253
MAC	Macerich Co	−41,557	174,287	$3,172,023
REXR	Rexford Industrial Realty, Inc.	−26,700	15,239	$626,475
SUI	Sun Communities Inc	−4,994	4,609	$594,561
FTAI	FTAI Aviation Ltd.	−4,450	42,838	$7,147,948
INVH	Invitation Homes Inc.	−4,007	41,767	$1,225,026
KEX	Kirby Corp	−2,096	5,112	$426,596
EQIX	Equinix Inc	−1,181	6,469	$5,066,779
VTR	Ventas, Inc.	−719	42,584	$2,980,454
SPG	Simon Property Group Inc.	−523	22,028	$4,133,994
DLR	Digital Realty Trust, Inc.	−288	24,253	$4,192,858
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
NFE	New Fortress Energy Inc.	721,483	$2,395,323
GEV	GE Vernova Inc.	3,013	$1,594,328
VICI	Vici Properties Inc.	36,184	$1,179,598
BX	Blackstone Inc.	3,443	$515,003
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

36 tracked positions · $94,694,898 total · filing declares 36 positions · $94,749,433 · as of Sep 30, 2025

All sectors Communication Services Consumer Cyclical Industrials Real Estate

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VGSH	VANGUARD SHORT-TERM TREASURY INDEX FUND	Held	230,855	0	$13,585,816	+0.1%	3	$58.36	14.35%
FTAI	FTAI Aviation Ltd. Industrials	Reduced	42,838	-4,450	$7,147,948	+31.4%	12	$58.60	7.55%
AMT	American Tower Corp Real Estate	Added	33,206	+369	$6,386,177	−12.0%	23+	before history	6.74%
PLD	Prologis, Inc. Real Estate	Added	49,450	+5,164	$5,663,014	+21.6%	23+	before history	5.98%
FIP	FTAI Infrastructure Inc. Industrials	Reduced	1,287,999	-478,696	$5,615,675	−48.5%	13	$3.35	5.93%
EQIX	Equinix Inc Real Estate	Reduced	6,469	-1,181	$5,066,779	−16.7%	23+	before history	5.35%
CZR	Caesars Entertainment, Inc. Consumer Cyclical	Added	170,109	+86,009	$4,597,195	+92.5%	2	$27.13	4.85%
DLR	Digital Realty Trust, Inc. Real Estate	Reduced	24,253	-288	$4,192,858	−2.0%	13	$117.28	4.43%
SPG	Simon Property Group Inc. Real Estate	Reduced	22,028	-523	$4,133,994	+14.0%	7	$146.66	4.37%
MAC	Macerich Co Real Estate	Reduced	174,287	-41,557	$3,172,023	−9.2%	8	$16.38	3.35%
VTR	Ventas, Inc. Real Estate	Reduced	42,584	-719	$2,980,454	+9.0%	7	$49.92	3.15%
CDZI	Cadiz Inc Industrials	Reduced	601,113	-378,441	$2,837,253	−3.1%	12	$2.73	3.00%
MGM	MGM Resorts International Consumer Cyclical	Added	72,068	+13,176	$2,497,876	+23.3%	22	$37.91	2.64%
IRM	Iron Mountain Inc Real Estate	Added	24,433	+1,464	$2,490,700	+5.7%	7	$94.85	2.63%
CBRE	Cbre Group, Inc. Real Estate	Added	15,698	+5,010	$2,473,376	+65.2%	11	$107.57	2.61%
WELL	Welltower Inc. Real Estate	Added	12,723	+3,377	$2,266,475	+57.7%	6	$119.61	2.39%
CCI	Crown Castle Inc. Real Estate	Added	23,206	+2,506	$2,239,146	+5.3%	23+	before history	2.36%
EXR	Extra Space Storage Inc. Real Estate	Added	15,490	+686	$2,183,160	+0.0%	18	$158.94	2.31%
CSGP	Costar Group, Inc. Real Estate	Added	24,364	+9,193	$2,055,590	+68.5%	5	$81.01	2.17%
PSA	Public Storage Real Estate	Added	5,027	+802	$1,452,048	+17.1%	11	$305.27	1.53%
ARE	Alexandria Real Estate Equities, Inc. Real Estate	Held	17,316	0	$1,443,115	+14.7%	23+	before history	1.52%
INVH	Invitation Homes Inc. Real Estate	Reduced	41,767	-4,007	$1,225,026	−18.4%	23+	before history	1.29%
Z	Zillow Group, Inc. Communication Services	Added	15,621	+8,813	$1,203,598	+152.4%	4	$77.26	1.27%
		Added	5,933	+1,325	$1,146,077	+22.2%	5	$211.37	1.21%
SBAC	Sba Communications Corp Real Estate	Held	5,131	0	$992,078	−17.7%	23+	before history	1.05%
VMRK	Vivmark Residential Real Estate	Added	14,274	+2,697	$923,956	+18.3%	5	$71.34	0.98%
WY	Weyerhaeuser Co Real Estate	Added	29,106	+6,914	$721,537	+26.6%	4	$29.87	0.76%
REXR	Rexford Industrial Realty, Inc. Real Estate	Reduced	15,239	-26,700	$626,475	−58.0%	23+	before history	0.66%
SUI	Sun Communities Inc Real Estate	Reduced	4,609	-4,994	$594,561	−51.1%	23+	before history	0.63%
NLY	Annaly Capital Management Inc Real Estate	Added	27,373	+3,545	$553,208	+23.4%	3	$20.60	0.58%
AGNC	AGNC Investment Corp. Real Estate	Added	47,117	+9,098	$461,275	+32.0%	3	$9.93	0.49%
AMH	American Homes 4 Rent Real Estate	Added	13,335	+2,005	$443,388	+8.5%	18	$38.43	0.47%
KEX	Kirby Corp Industrials	Reduced	5,112	-2,096	$426,596	−47.8%	6	$112.03	0.45%
ELS	Equity Lifestyle Properties Inc Real Estate	Held	7,022	0	$426,235	−1.6%	23+	before history	0.45%
CUBE	CubeSmart Real Estate	Held	8,535	0	$347,033	−4.3%	11	$44.47	0.37%
COLD	Americold Realty Trust Real Estate	Held	10,064	0	$123,183	−26.4%	11	$29.80	0.13%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.