AMERICAN ASSETS INC

Fundamental concentrated ★Highest signal CIK 885118
League rank
#234
in Fundamental concentrated · #409 overall
Long book
$298.5M
Q1 2026
Positions
30
Top-10 weight
95%
concentration
Last quarter
+22.8%
SPY +14.8%
Turnover
36%
of book per quarter

Strategy in plain words

auto-generated from filings

AMERICAN ASSETS INC is a concentrated fundamental stock-picker, running a $298.5M US long book across 30 positions.

The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: AMERICAN ASSETS TRUST INC, WELLS FARGO & CO, EXXON MOBIL CORP, BANK OF AMERICA CORP, CAPITAL ONE FINANCIAL CORP.

Over the last 9 quarters its long book ran on average 0.2pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
+3.3%
Q2 2024
+11.4%
Q3 2024
+7.3%
Q4 2024
-12.2%
Q1 2025
+4.9%
Q2 2025
+4.9%
Q3 2025
+3.2%
Q4 2025
-7.2%
Q1 2026
+22.8%

Sector allocation

Financials
86%
Energy
4%
Healthcare
3%
Industrials
2%
Technology
1%
Services media
1%
Other
1%
Communications
1%

Long book by quarter

$266.4M
Q1 2024
$272.0M
Q2 2024
$304.5M
Q3 2024
$323.2M
Q4 2024
$288.6M
Q1 2025
$287.8M
Q2 2025
$311.8M
Q3 2025
$316.0M
Q4 2025
$298.5M
Q1 2026

What does AMERICAN ASSETS own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
WFC WELLS FARGO & COFinancials1.6M$127.4M42.7%Held
XOM EXXON MOBIL CORPEnergy35.0K$5.9M2.0%Held
BAC BANK OF AMERICA CORPFinancials87.5K$4.3M1.4%Held
COF CAPITAL ONE FINANCIAL CORPFinancials30.0K$2.6M0.9%+200.0%
SPRY ARS PHARMACEUTICALS INCHealthcare7.0K$1.7M0.6%-87.3%
ALK ALASKA AIR GROUP INCIndustrials130.0K$1.4M0.5%New
TD TORONTO-DOMINION BANKFinancials15.0K$1.4M0.5%Held
SPOT SPOTIFY TECHNOLOGY SACommunications17.0K$1.3M0.4%New
AVAV AEROVIRONMENT INCIndustrials10.0K$1.1M0.4%+300.0%
AMZN AMAZON.COM INCConsumer discretionary75.0K$1.1M0.4%New
CVX CHEVRON CORPEnergy5.0K$1.0M0.3%Held
BSX BOSTON SCIENTIFIC CORPHealthcare5.0K$915K0.3%New
EOLS EVOLUS INCHealthcare110.0K$883K0.3%-12.0%
DASH DOORDASH INC - AServices media4.0K$833K0.3%New
KKR KKR & CO INCFinancials5.5K$826K0.3%New
KVUE KENVUE INCOther4.5K$821K0.3%-87.1%
OLED UNIVERSAL DISPLAY CORPTechnology2.1K$777K0.3%New
ORCL ORACLE CORPTechnology45.0K$776K0.3%+1400.0%
LNTH LANTHEUS HOLDINGS INCMaterials12.6K$764K0.3%-25.9%
ISRG INTUITIVE SURGICAL INCHealthcare12.0K$753K0.3%+700.0%
NFLX NETFLIX INCServices media1.5K$691K0.2%New
ELF ELF BEAUTY INCOther60.0K$688K0.2%+376.2%
REGN REGENERON PHARMACEUTICALSHealthcare7.0K$648K0.2%+288.9%
MSFT MICROSOFT CORPTechnology150.0K$617K0.2%New
TFC TRUIST FINANCIAL CORPFinancials10.0K$460K0.2%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 11, 202631$298.5M canonicalSEC ↗
Q4 202513F-HRFeb 3, 202624$316.0M canonicalSEC ↗
Q3 202513F-HRNov 5, 202528$311.8M canonicalSEC ↗
Q2 202513F-HRAug 5, 202520$287.8M canonicalSEC ↗
Q1 202513F-HRMay 9, 202525$288.6M canonicalSEC ↗
Q4 202413F-HR/ARESTATEMENTMar 17, 202519$323.2M canonicalSEC ↗
Q4 202413F-HRFeb 7, 202523$326.3M SEC ↗
Q3 202413F-HRNov 5, 202418$304.5M canonicalSEC ↗
Q2 202413F-HRJul 31, 202410$272.0M canonicalSEC ↗
Q1 202413F-HRMay 10, 202410$266.4M canonicalSEC ↗

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