AMERICAN ASSETS INC

CIK 0000885118 · Q2 2026

13F Equity AUM

$332.3M

+11.3% QoQ

Positions

-18 QoQ

AUM Rank

#6,205

Top 49%

Skill Alpha (FF)

-5.7%/yr^ns

No Clear Edge

Rank #7,740 · Top 93%

vs S&P -10.4%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 98.2%Top 10: 99.7%Top 20: 100.0%

AAT54.8%

WFC39.8%

BAC1.5%

XOM1.4%

COF0.6%

TD0.6%

SPG0.3%

SPRY0.3%

CHV0.3%

TFC0.1%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Real Estate55.1%

Financial Services42.6%

Other2.3%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 12Median: 0.44%Avg: 8.33%

0–0.5%

6(1.3%)

0.5–1%

2(1.1%)

1–3%

2(2.9%)

3–5%

0(0.0%)

5%+

2(94.6%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 12vs 20 funds

0%Low

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New0Increased1Decreased2Exited18

Increased

SPRY0.3%

+118K(+1686%)

Decreased

AMZN0.1%

-73,000(-97%)

COF0.6%

-20,000(-67%)

Exited

ALK

-130,000

SPOT

-17,000

-13,000

-10,000

-5,000

-110,000

-4,000

-5,500

-4,500

-2,100

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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