13F-HR 1 13faaimq12013.txt 13F 1Q 2013 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 31, 2013 Check here if Amendment [ ]; Amendment Number: This Amendment (Check only one.): [ ] is a restatement [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: American Assets Investment Management, LLC Address: 1145 El Camino Real, Suite 200 San Diego, CA 92130 Form 13F File Number: 028-12131 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Ernest S. Rady Chief Investment Officer Phone: 858.350.2600 Signature, Place, and Date of Signing: /s/Ernest S. Rady San Diego March 31, 2013 Report Type (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 139 Form 13F Information Table Value Total: $261,101(x$1000) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE NAME OF ISSUER TITLE OF CLASS CUSIP VALUE (000) SHARES INVESTMENT DISCRETION OTHER MANAGER VOTING AUTHORITY 3M CO COM STK USD0.01 Common Stock 88579Y101 319 3,000 Sole N/A All ABBOTT LABS COM NPV Common Stock 002824100 1,325 37,500 Sole N/A All ABBVIE INC Common Stock 00287Y109 1,529 37,500 Sole N/A All ALEXANDRIA REAL ESTATE Common Stock 015271109 1,726 24,310 Sole N/A All AMERICAN ASSETS TRUST INC USD0.01 Common Stock 024013104 992 31,000 Sole N/A All AMERICAN CAMPUS COMMUNITIES Common Stock 024835100 2,190 48,300 Sole N/A All AMERICAN ELECTRIC POWER CO INC COM STK USD6.50 Common Stock 025537101 2,432 50,000 Sole N/A All AMERICAN INTERNATIONAL GROUP INC Common Stock 026874784 2,364 60,900 Sole N/A All AMERICAN TOWER CORP Common Stock 03027X100 2,331 30,300 Sole N/A All AMERISOURCEBERGEN CORP COM STK NPV Common Stock 03073E105 833 16,200 Sole N/A All ANADARKO PETROLEUM CORP Common Stock 032511107 1,049 12,000 Sole N/A All ANNALY CAPITAL MGMT INC Common Stock 035710409 381 15,000 Sole N/A All APPLE INC COM STK NPV Common Stock 037833100 4,205 9,500 Sole N/A All AVALONBAY COMMUNITIES INC COM Common Stock 053484101 405 3,200 Sole N/A All BAKER HUGHES INC COM STK USD1 Common Stock 057224107 2,088 45,000 Sole N/A All BANCO SANTANDER SA ADR EACH 1 REPR 1 ORD EUR0.50 Common Stock 05964H105 873 128,228 Sole N/A All BANK OF AMERICA CORP COM STK USD0.01 Common Stock 060505104 706 58,000 Sole N/A All BANK OF NEW YORK MELLON CORP Common Stock 064058100 719 25,700 Sole N/A All BAXTER INTERNATIONAL INC COM STK USD1 Common Stock 071813109 3,559 49,000 Sole N/A All BECTON DICKINSON & CO COM STK USD1 Common Stock 075887109 478 5,000 Sole N/A All BIOMED REALTY TRUST Common Stock 09063H107 1,894 87,700 Sole N/A All BOSTON PROPERTIES INC Common Stock 101121101 1,193 11,800 Sole N/A All BP AMOCO P.L.C ADR-EACH CNV INTO 6 ORD USD0.25 Common Stock 055622104 7,835 185,000 Sole N/A All BRISTOL-MYERS SQUIBB CO COM STK USD0.10 Common Stock 110122108 2,060 50,000 Sole N/A All BUCKEYE PARTNERS LP UNITS OF LTD PARTNERSHIP Common Stock 118230101 673 11,000 Sole N/A All CADIZ INC NEW Common Stock 127537207 436 64,491 Sole N/A All CAPITAL ONE FINANCIAL CORP COM STK USD0.01 Common Stock 14040H105 1,933 35,180 Sole N/A All CAPITAL ONE FINANCIAL CORP WTS 14/NOV/2018 (SUB Common Stock 14040H139 187 10,000 Sole N/A All CARDINAL HEALTH INC COM STK NPV Common Stock 14149Y108 1,205 28,953 Sole N/A All CAREFUSION CORP USD0.01 Common Stock 14170T101 754 21,545 Sole N/A All CARNIVAL CORP COM STK USD0.01(PAIRED STOCK) Common Stock 143658300 515 15,000 Sole N/A All CHESAPEAKE ENERGY CORP COM STK USD0.01 Common Stock 165167107 204 10,000 Sole N/A All CHEVRON CORP COM STK USD0.75 Common Stock 166764100 7,595 63,920 Sole N/A All CITIGROUP INC USD0.01 Common Stock 172967424 1,141 25,794 Sole N/A All COCA-COLA CO COM STK USD0.25 Common Stock 191216100 2,265 56,000 Sole N/A All COLONY FINANCIAL INC Common Stock 19624R106 2,142 96,500 Sole N/A All CORNING INC Common Stock 219350105 267 20,000 Sole N/A All COVIDIEN PLC USD0.20 Common Stock G2554F113 2,578 38,000 Sole N/A All DEERE & CO Common Stock 244199105 327 3,800 Sole N/A All DIGITAL RLTY TR INC COM STK USD0.01 Common Stock 253868103 1,797 26,850 Sole N/A All DUKE ENERGY CORP COM STK NPV Common Stock 26441C204 1,210 16,666 Sole N/A All EDUCATION REALTY TRUST Common Stock 28140H104 1,869 177,502 Sole N/A All EL PASO PIPELINE PARTNERS LP PARTNERSHIP UNITS Common Stock 283702108 921 21,000 Sole N/A All EMC CORP - MASS Common Stock 268648102 1,302 54,500 Sole N/A All ENBRIDGE ENERGY PARTNERS LP PREF STK Common Stock 29250R106 663 22,000 Sole N/A All ENTERGY CORP COM STK USD0.01 Common Stock 29364G103 949 15,000 Sole N/A All EQUINX INC Common Stock 29444U502 1,298 6,000 Sole N/A All EQUITY LIFESTYLE PROPERTIES INC Common Stock 29472R108 1,812 23,600 Sole N/A All EXCEL TRUST INC USD0.001 Common Stock 30068C109 819 60,000 Sole N/A All EXELON CORP COM STK NPV Common Stock 30161N101 690 20,000 Sole N/A All EXPRESS SCRIPTS HOLDING COMPANY Common Stock 30219G108 922 16,000 Sole N/A All EXXON MOBIL CORP COM STK NPV Common Stock 30231G102 360 4,000 Sole N/A All FORD MOTOR CO USD 0.01 Common Stock 345370860 2,499 190,000 Sole N/A All FREEPORT-MCMORAN COPPER & GOLD INC COM STK USD0.10 Common Stock 35671D857 2,317 70,000 Sole N/A All GENERAL DYNAMICS CORP Common Stock 369550108 987 14,000 Sole N/A All GENERAL ELECTRIC CO. COM STK USD0.06 Common Stock 369604103 9,248 400,000 Sole N/A All GENERAL MOTORS CO USD 0.01 Common Stock 37045V100 1,920 69,000 Sole N/A All GOLDMAN SACHS GROUP INC COM STK USD0.01 Common Stock 38141G104 2,148 14,600 Sole N/A All GOOGLE INC COM STK USD0.001 CLS'A' Common Stock 38259P508 3,431 4,320 Sole N/A All HALLIBURTON CO COM STK USD2.50 Common Stock 406216101 857 21,200 Sole N/A All HARTFORD FINANCIAL SERVICES GRP INC COM STK Common Stock 416515104 710 27,500 Sole N/A All HARTFORD FINANCIAL SERVICES GRP INC WTS Common Stock 416515120 171 10,000 Sole N/A All HCP INC Common Stock 40414L109 748 15,000 Sole N/A All HEALTH CARE REIT INC Common Stock 42217K106 2,037 30,000 Sole N/A All HESS CORP Common Stock 42809H107 294 4,100 Sole N/A All HEWLETT-PACKARD CO COM STK USD0.01 Common Stock 428236103 3,540 148,500 Sole N/A All HOST HOTELS & RESORTS INC USD0.01 Common Stock 44107P104 525 30,000 Sole N/A All INTEL CORP Common Stock 458140100 437 20,000 Sole N/A All INTERNATIONAL BUS MACH CORP COM STK USD0.20 Common Stock 459200101 2,560 12,000 Sole N/A All IRON MOUNTAIN INC. Common Stock 462846106 2,179 60,000 Sole N/A All ISHARES TRUST S&P NTL Amtfree 464288414 4,926 44,739 Sole N/A All JOHNSON & JOHNSON COM STK USD1 Common Stock 478160104 4,403 54,000 Sole N/A All JPMORGAN CHASE & CO C/WTS 28/OCT/2018 (TO PUR COM) Common Stock 46634E114 143 10,000 Sole N/A All JPMORGAN CHASE & CO COM STK USD1 Common Stock 46625H100 6,930 146,020 Sole N/A All KROGER CO COM STK USD1 Common Stock 501044101 497 15,000 Sole N/A All LASALLE HOTEL PPTYS SBI Common Stock 517942108 1,061 41,800 Sole N/A All LAS VEGAS SANDS CORP Common Stock 517834107 2,705 48,000 Sole N/A All LILLY(ELI)& CO COM STK NPV Common Stock 532457108 398 7,000 Sole N/A All MACERICH CO COM STK USD0.01 Common Stock 554382101 4,831 75,042 Sole N/A All MANITOWOC CO INC Common Stock 563571108 253 12,300 Sole N/A All MARATHON OIL CORP COM STK USD1 Common Stock 565849106 1,012 30,000 Sole N/A All MARATHON PETE CORP Common Stock 56585A102 323 3,600 Sole N/A All MERCK & CO INC(NEW) COM STK USD0.50 Common Stock 58933Y105 3,319 75,100 Sole N/A All METLIFE INC COM STK USD0.01 Common Stock 59156R108 1,718 45,176 Sole N/A All MICROSOFT CORP COM STK USD0.00000625 Common Stock 594918104 2,911 101,800 Sole N/A All MORGAN STANLEY COM STK USD0.01 Common Stock 617446448 659 30,000 Sole N/A All MOSAIC CO(THE) USD0.01 Common Stock 61945C103 298 5,000 Sole N/A All MOTOROLA SOLUTIONS INC. Common Stock 620076307 288 4,500 Sole N/A All NEWCASTLE INVESTMENT CORP Common Stock 65105M108 1,955 175,000 Sole N/A All NEWMONT MINING CORP Common Stock 651639106 838 20,000 Sole N/A All NORTHSTAR REALTY FINANCE CORP Common Stock 66704R100 3,061 322,900 Sole N/A All NOVARTIS AG ADR EACH REPR 1 CHF0.50(REGD) Common Stock 66987V109 4,001 56,160 Sole N/A All NV ENERGY INC COM STK USD0.01 Common Stock 67073Y106 401 20,000 Sole N/A All ORACLE CORP COM STK USD0.01 Common Stock 68389X105 2,043 63,200 Sole N/A All PEPSICO INC CAP STK USD0.0166 Common Stock 713448108 2,990 37,800 Sole N/A All PFIZER INC COM STK USD0.05 Common Stock 717081103 3,675 127,350 Sole N/A All PG&E CORP COM STK NPV Common Stock 69331C108 2,449 55,000 Sole N/A All PHILLIPS 66 Common Stock 718546104 301 4,300 Sole N/A All PINNACLE WEST CAPITAL CORP COM STK USD2.50 Common Stock 723484101 2,605 45,000 Sole N/A All PNC FINANCIAL SERVICES GROUP WTS 31/DEC/2018(TO Common Stock 693475121 245 20,000 Sole N/A All PPL CORP COM STK USD0.01 Common Stock 69351T106 2,192 70,000 Sole N/A All PROGRESSIVE CORP Common Stock 743315103 253 10,000 Sole N/A All PRUDENTIAL FINANCIAL INC COM STK USD0.01 Common Stock 744320102 1,534 26,000 Sole N/A All QUALCOMM INC COM STK USD0.0001 Common Stock 747525103 1,232 18,400 Sole N/A All RADIAN GROUP INC Common Stock 750236101 1,499 140,000 Sole N/A All ROCKWELL COLLINS INC Common Stock 774341101 290 4,600 Sole N/A All ROYAL DUTCH SHELL ADR EACH REPR 2'A'SHS Common Stock 780259206 3,676 56,409 Sole N/A All SANOFI ADR ECH REP 1/2 ORD EUR2 SPON Common Stock 80105N105 2,299 45,000 Sole N/A All SBA COMMUNICATIONS CORP CL A Common Stock 78388J106 1,944 27,000 Sole N/A All SCHLUMBERGER COM STK USD0.01 Common Stock 806857108 1,020 13,622 Sole N/A All SIEMENS AG ADR-EACH CNV INTO 1 ORD NPV Common Stock 826197501 4,312 40,000 Sole N/A All SIMON PROPERTY GROUP INC Common Stock 828806109 1,475 9,300 Sole N/A All SOUTHERN CO COM STK USD5 Common Stock 842587107 704 15,000 Sole N/A All STARWOOD HTLS WRLD PAIRED CERT CLASS'B'USD0.01 Common Stock 85590A401 2,702 42,400 Sole N/A All STRAGEGIC HOTELS & RESORTS Common Stock 86272T106 1,069 128,020 Sole N/A All STRYKER CORP COM STK USD0.10 Common Stock 863667101 861 13,200 Sole N/A All SUNTRUST BANKS INC Common Stock 867914103 239 8,300 Sole N/A All SUN COMMUNITIES Common Stock 866674104 2,455 49,772 Sole N/A All TANGER FACTORY OUTLET CENTER Common Stock 875465106 1,845 51,000 Sole N/A All TAUBMAN CENTERS INC Common Stock 876664103 2,445 31,479 Sole N/A All TELEFONICA SA ADR EACH REPR 1 ORD EUR1 Common Stock 879382208 1,369 101,315 Sole N/A All TEVA PHARMACEUTICAL INDUSTRIES ADR EACH CNV INTO 1 Common Stock 881624209 1,436 36,200 Sole N/A All TIME WARNER INC USD 0.01 Common Stock 887317303 288 5,000 Sole N/A All TOLL BROTHERS INC Common Stock 889478103 342 10,000 Sole N/A All TRANSOCEAN LTD CHF15 Common Stock H8817H100 779 15,000 Sole N/A All UNITED TECHNOLOGIES CORP COM Common Stock 913017109 467 5,000 Sole N/A All VEOLIA ENVIRONNEMENT ADR EACH RERP 1 ORD Common Stock 92334N103 635 50,000 Sole N/A All VERIZON COMMUNICATIONS INC COM STK USD0.10 Common Stock 92343V104 737 15,000 Sole N/A All VODAFONE GROUP SPON ADR REP 10 ORD SHS Common Stock 92857W209 2,329 82,000 Sole N/A All WALGREEN CO COM STK USD0.078125 Common Stock 931422109 1,144 24,000 Sole N/A All WELLS FARGO & CO COM STK USD1 2/3 Common Stock 949746101 33,143 896,000 Sole N/A All WEYERHAEUSER CO Common Stock 962166104 1,255 40,000 Sole N/A All WILLIAMS SONOMA INC Common Stock 969904101 618 12,000 Sole N/A All WYNN RESORTS LTD COM STK USD0.01 Common Stock 983134107 688 5,500 Sole N/A All APACHE CORP DEP SH REP 1/20TH PRF SER D USD1000 Preferred Stock 037411808 445 10,000 Sole N/A All HARTFORD FINANCIAL SERVICES GRP INC DEP SHS REPR Preferred Stock 416515708 1,164 49,000 Sole N/A All METLIFE INC NEW EQUITY UNITS Preferred Stock 59156R116 222 4,500 Sole N/A All EPR PROPERTIES CONV PREF Preferred Stock 26884U307 1,258 38,895 Sole N/A All SUNSTONE HOTEL INVESTORS INC SER D Preferred Stock 867892507 572 21,448 Sole N/A All