The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP FIGI (to the nearest dollar) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
EXXON MOBIL CORP COM 30231G102   52,308,000 450,000 SH   SOLE   0 0 450,000
MICROSOFT CORP COM 594918104   37,717,548 89,650 SH   SOLE   10,850 0 78,800
APPLE INC COM 037833100   36,010,800 210,000 SH   SOLE   0 0 210,000
JPMORGAN CHASE & CO COM 46625H100   35,573,280 177,600 SH   SOLE   0 0 177,600
AMERICAN ASSETS TR INC COM 024013104   32,324,612 1,475,336 SH   SOLE   0 0 1,475,336
WELLS FARGO CO NEW COM 949746101   32,167,800 555,000 SH   SOLE   0 0 555,000
BANK AMERICA CORP COM 060505104   29,084,640 767,000 SH   SOLE   105,000 0 662,000
CHEVRON CORP NEW COM 166764100   28,393,200 180,000 SH   SOLE   10,000 0 170,000
GOLDMAN SACHS GROUP INC COM 38141G104   22,555,260 54,000 SH   SOLE   0 0 54,000
PHILLIPS 66 COM 718546104   20,874,852 127,800 SH   SOLE   26,400 0 101,400
MERCK & CO INC COM 58933Y105   16,493,750 125,000 SH   SOLE   0 0 125,000
CATERPILLAR INC COM 149123101   16,489,350 45,000 SH   SOLE   0 0 45,000
TRUIST FINL CORP COM 89832Q109   14,968,320 384,000 SH   SOLE   0 0 384,000
LENNAR CORP CL A 526057104   14,853,913 86,370 SH   SOLE   45,000 0 41,370
SHELL PLC SPON ADS 780259305   14,815,840 221,000 SH   SOLE   21,000 0 200,000
CAPITAL ONE FINL CORP COM 14040H105   14,814,555 99,500 SH   SOLE   20,000 0 79,500
ESSEX PPTY TR INC COM 297178105   14,566,195 59,500 SH   SOLE   0 0 59,500
RIGETTI COMPUTING INC COMMON STOCK 76655K103   12,911,929 8,439,169 SH   SOLE   0 0 8,439,169
US BANCORP DEL COM NEW 902973304   12,069,000 270,000 SH   SOLE   0 0 270,000
KROGER CO COM 501044101   11,777,350 206,150 SH   SOLE   98,200 0 107,950
ABBVIE INC COM 00287Y109   10,979,537 60,294 SH   SOLE   0 0 60,294
INTERNATIONAL BUSINESS MACHS COM 459200101   10,502,800 55,000 SH   SOLE   0 0 55,000
ROYAL BK CDA COM 780087102   10,441,080 103,500 SH   SOLE   0 0 103,500
TOTALENERGIES SE SPONSORED ADS 89151E109   10,324,500 150,000 SH   SOLE   0 0 150,000
FEDEX CORP COM 31428X106   10,140,900 35,000 SH   SOLE   0 0 35,000
AMGEN INC COM 031162100   10,005,221 35,190 SH   SOLE   9,900 0 25,290
CITIGROUP INC COM NEW 172967424   9,890,736 156,400 SH   SOLE   0 0 156,400
WALMART INC COM 931142103   9,747,540 162,000 SH   SOLE   40,500 0 121,500
PNC FINL SVCS GROUP INC COM 693475105   9,696,000 60,000 SH   SOLE   0 0 60,000
PRUDENTIAL FINL INC COM 744320102   9,445,887 80,459 SH   SOLE   10,000 0 70,459
BANK MONTREAL QUE COM 063671101   9,377,280 96,000 SH   SOLE   0 0 96,000
TORONTO DOMINION BK ONT COM NEW 891160509   9,358,900 155,000 SH   SOLE   0 0 155,000
ELI LILLY & CO COM 532457108   9,335,520 12,000 SH   SOLE   0 0 12,000
GENERAL ELECTRIC CO COM NEW 369604301   9,215,325 52,500 SH   SOLE   0 0 52,500
COCA COLA CO COM 191216100   9,180,671 150,060 SH   SOLE   70,000 0 80,060
NOVARTIS AG SPONSORED ADR 66987V109   9,054,896 93,610 SH   SOLE   25,500 0 68,110
CONOCOPHILLIPS COM 20825C104   8,909,600 70,000 SH   SOLE   0 0 70,000
MORGAN STANLEY COM NEW 617446448   8,662,720 92,000 SH   SOLE   0 0 92,000
UNILEVER PLC SPON ADR NEW 904767704   8,532,300 170,000 SH   SOLE   0 0 170,000
DEERE & CO COM 244199105   8,214,800 20,000 SH   SOLE   0 0 20,000
TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS 874039100   8,163,000 60,000 SH   SOLE   0 0 60,000
JOHNSON & JOHNSON COM 478160104   7,909,500 50,000 SH   SOLE   0 0 50,000
METLIFE INC COM 59156R108   7,655,859 103,304 SH   SOLE   0 0 103,304
TOYOTA MOTOR CORP ADS 892331307   7,550,400 30,000 SH   SOLE   0 0 30,000
ALPHABET INC CAP STK CL A 02079K305   7,395,570 49,000 SH   SOLE   9,000 0 40,000
NORTHROP GRUMMAN CORP COM 666807102   7,179,900 15,000 SH   SOLE   0 0 15,000
MICROCHIP TECHNOLOGY INC. COM 595017104   7,176,800 80,000 SH   SOLE   80,000 0 0
EDISON INTL COM 281020107   7,073,000 100,000 SH   SOLE   0 0 100,000
PEPSICO INC COM 713448108   6,965,398 39,800 SH   SOLE   0 0 39,800
BRISTOL-MYERS SQUIBB CO COM 110122108   6,887,210 127,000 SH   SOLE   0 0 127,000
BANK NEW YORK MELLON CORP COM 064058100   6,626,300 115,000 SH   SOLE   0 0 115,000
SEMPRA COM 816851109   6,608,360 92,000 SH   SOLE   0 0 92,000
STATE STR CORP COM 857477103   6,572,200 85,000 SH   SOLE   0 0 85,000
HSBC HLDGS PLC SPON ADR NEW 404280406   6,569,892 166,918 SH   SOLE   0 0 166,918
PPG INDS INC COM 693506107   6,556,725 45,250 SH   SOLE   10,000 0 35,250
CHUBB LIMITED COM h1467j104   6,478,250 25,000 SH   SOLE   25,000 0 0
CVS HEALTH CORP COM 126650100   6,380,800 80,000 SH   SOLE   0 0 80,000
EQUITY RESIDENTIAL SH BEN INT 29476L107   6,311,000 100,000 SH   SOLE   0 0 100,000
SCHWAB CHARLES CORP COM 808513105   6,269,997 86,674 SH   SOLE   0 0 86,674
MEDTRONIC PLC SHS G5960L103   6,242,729 71,632 SH   SOLE   23,780 0 47,852
PINNACLE WEST CAP CORP COM 723484101   6,202,590 83,000 SH   SOLE   0 0 83,000
CONSTELLATION ENERGY CORP COM 21037T109   6,161,605 33,333 SH   SOLE   0 0 33,333
PFIZER INC COM 717081103   6,105,000 220,000 SH   SOLE   0 0 220,000
VERIZON COMMUNICATIONS INC COM 92343V104   5,874,400 140,000 SH   SOLE   0 0 140,000
ADVANCED MICRO DEVICES INC COM 007903107   5,414,700 30,000 SH   SOLE   0 0 30,000
NORTHERN TR CORP COM 665859104   5,335,200 60,000 SH   SOLE   0 0 60,000
BANK NOVA SCOTIA HALIFAX COM 064149107   5,178,000 100,000 SH   SOLE   0 0 100,000
AMERICAN ELEC PWR CO INC COM 025537101   5,166,000 60,000 SH   SOLE   0 0 60,000
UNITED RENTALS INC COM 911363109   5,047,770 7,000 SH   SOLE   0 0 7,000
HILTON WORLDWIDE HLDGS INC COM 43300A203   4,976,948 23,332 SH   SOLE   0 0 23,332
AMERIPRISE FINL INC COM 03076c106   4,932,450 11,250 SH   SOLE   11,000 0 250
ALLY FINL INC COM 02005N100   4,667,850 115,000 SH   SOLE   0 0 115,000
JEFFERIES FINL GROUP INC COM 47233W109   4,410,000 100,000 SH   SOLE   0 0 100,000
BIOGEN INC COM 09062X103   4,312,600 20,000 SH   SOLE   0 0 20,000
MONDELEZ INTL INC CL A 609207105   4,270,700 61,010 SH   SOLE   35,000 0 26,010
QUEST DIAGNOSTICS INC COM 74834L100   4,259,520 32,000 SH   SOLE   0 0 32,000
DUPONT DE NEMOURS INC COM 26614N102   4,135,810 53,943 SH   SOLE   13,243 0 40,700
WEC ENERGY GROUP INC COM 92939U106   4,106,000 50,000 SH   SOLE   0 0 50,000
WESTERN DIGITAL CORP. COM 958102105   4,094,400 60,000 SH   SOLE   0 0 60,000
DOW INC COM 260557103   3,999,719 69,044 SH   SOLE   13,243 0 55,801
LABORATORY CORP AMER HLDGS COM NEW 50540R409   3,932,280 18,000 SH   SOLE   0 0 18,000
AMERICAN INTL GROUP INC COM NEW 026874784   3,908,500 50,000 SH   SOLE   0 0 50,000
SANOFI SPONSORED ADR 80105N105   3,888,000 80,000 SH   SOLE   0 0 80,000
XCEL ENERGY INC COM 98389B100   3,762,500 70,000 SH   SOLE   0 0 70,000
EXELON CORP COM 30161N101   3,757,000 100,000 SH   SOLE   0 0 100,000
UNION PAC CORP COM 907818108   3,688,950 15,000 SH   SOLE   0 0 15,000
THE CIGNA GROUP COM 125523100   3,646,428 10,040 SH   SOLE   0 0 10,040
NRG ENERGY INC COM NEW 629377508   3,597,453 53,146 SH   SOLE   0 0 53,146
ENERGY TRANSFER L P COM UT LTD PTN 29273V100   3,551,834 225,800 SH   SOLE   0 0 225,800
ABBOTT LABS COM 002824100   3,466,630 30,500 SH   SOLE   0 0 30,500
STRYKER CORPORATION COM 863667101   3,220,830 9,000 SH   SOLE   0 0 9,000
PERRIGO CO PLC SHS G97822103   3,219,000 100,000 SH   SOLE   0 0 100,000
NEXTERA ENERGY INC COM 65339F101   3,195,500 50,000 SH   SOLE   0 0 50,000
DUKE ENERGY CORP NEW COM NEW 26441C204   3,159,129 32,666 SH   SOLE   0 0 32,666
HCA HEALTHCARE INC COM 40412C101   3,001,770 9,000 SH   SOLE   0 0 9,000
VIATRIS INC COM 92556V106   2,985,000 250,000 SH   SOLE   0 0 250,000
RTX CORPORATION COM 75513E101   2,925,900 30,000 SH   SOLE   0 0 30,000
PARAMOUNT GLOBAL CLASS B COM 92556H206   2,857,756 242,800 SH   SOLE   0 0 242,800
PROCTER AND GAMBLE CO COM 742718109   2,758,250 17,000 SH   SOLE   0 0 17,000
FIRSTENERGY CORP COM 337932107   2,703,400 70,000 SH   SOLE   0 0 70,000
CARDINAL HEALTH INC COM 14149Y108   2,604,696 23,277 SH   SOLE   0 0 23,277
ALCOA CORP COM 013872106   2,534,250 75,000 SH   SOLE   0 0 75,000
WEYERHAEUSER CO MTN BE COM NEW 962166104   2,513,700 70,000 SH   SOLE   0 0 70,000
BAXTER INTL INC COM 071813109   2,471,611 57,829 SH   SOLE   0 0 57,829
COTERRA ENERGY INC COM 127097103   2,453,440 88,000 SH   SOLE   48,000 0 40,000
WALGREENS BOOTS ALLIANCE INC COM 931427108   2,376,791 109,580 SH   SOLE   38,740 0 70,840
WYNN RESORTS LTD COM 983134107   2,309,580 22,592 SH   SOLE   0 0 22,592
UNITED THERAPEUTICS CORP DEL COM 91307C102   2,297,200 10,000 SH   SOLE   0 0 10,000
KINDER MORGAN INC DEL COM 49456B101   2,292,500 125,000 SH   SOLE   0 0 125,000
SELECT SECTOR SPDR TR SBI INT-UTILS 81369y886   2,232,100 34,000 SH   SOLE   30,000 0 4,000
CHESAPEAKE ENERGY CORP COM 165167735   2,220,750 25,000 SH   SOLE   0 0 25,000
KENVUE INC COM 49177J102   2,146,000 100,000 SH   SOLE   0 0 100,000
ALBERTSONS COS INC COMMON STOCK 013091103   2,144,000 100,000 SH   SOLE   0 0 100,000
ARCHER DANIELS MIDLAND CO COM 039483102   1,936,432 30,830 SH   SOLE   30,000 0 830
PPL CORP COM 69351T106   1,927,100 70,000 SH   SOLE   0 0 70,000
VITESSE ENERGY INC COMMON STOCK 92852X103   1,898,756 80,015 SH   SOLE   0 0 80,015
MADISON SQUARE GRDN SPRT COR CL A 55825T103   1,845,200 10,000 SH   SOLE   0 0 10,000
KRAFT HEINZ CO COM 500754106   1,845,000 50,000 SH   SOLE   0 0 50,000
PHILIP MORRIS INTL INC COM 718172109   1,832,400 20,000 SH   SOLE   0 0 20,000
SOUTHERN CO COM 842587107   1,793,500 25,000 SH   SOLE   0 0 25,000
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102   1,736,640 24,000 SH   SOLE   0 0 24,000
COMCAST CORP NEW CL A 20030N101   1,734,000 40,000 SH   SOLE   0 0 40,000
GSK PLC SPONSORED ADR 37733W204   1,714,800 40,000 SH   SOLE   0 0 40,000
JOHNSON CTLS INTL PLC SHS g51502105   1,711,384 26,200 SH   SOLE   25,000 0 1,200
GILEAD SCIENCES INC COM 375558103   1,684,750 23,000 SH   SOLE   0 0 23,000
GE HEALTHCARE TECHNOLOGIES I COMMON STOCK 36266G107   1,590,925 17,500 SH   SOLE   0 0 17,500
ALCON AG ORD SHS H01301128   1,559,356 18,722 SH   SOLE   5,100 0 13,622
CANADIAN IMPERIAL BK COMM TO COM 136069101   1,521,600 30,000 SH   SOLE   0 0 30,000
ADOBE INC COM 00724f101   1,513,800 3,000 SH   SOLE   3,000 0 0
UNITED PARCEL SERVICE INC CL B 911312106   1,486,300 10,000 SH   SOLE   0 0 10,000
ENTERPRISE PRODS PARTNERS L COM 293792107   1,459,000 50,000 SH   SOLE   0 0 50,000
GOODYEAR TIRE & RUBR CO COM 382550101   1,373,000 100,000 SH   SOLE   0 0 100,000
BECTON DICKINSON & CO COM 075887109   1,360,975 5,500 SH   SOLE   0 0 5,500
FTAI INFRASTRUCTURE INC COMMON STOCK 35953C106   1,070,884 170,523 SH   SOLE   0 0 170,523
BRIGHTHOUSE FINL INC COM 10922N103   1,030,800 20,000 SH   SOLE   0 0 20,000
FTAI AVIATION LTD SHS G3730V105   963,534 14,317 SH   SOLE   0 0 14,317
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702   946,170 2,250 SH   SOLE   0 0 2,250
WELLTOWER INC COM 95040Q104   934,400 10,000 SH   SOLE   0 0 10,000
HALEON PLC SPON ADS 405552100   849,000 100,000 SH   SOLE   0 0 100,000
JAZZ PHARMACEUTICALS PLC SHS USD G50871105   842,940 7,000 SH   SOLE   0 0 7,000
DIGITALBRIDGE GROUP INC CL A NEW 25401T603   833,967 43,278 SH   SOLE   0 0 43,278
DIGITAL RLTY TR INC COM 253868103   822,036 5,707 SH   SOLE   0 0 5,707
TAKEDA PHARMACEUTICAL CO LTD SPONSORED ADS 874060205   791,730 57,000 SH   SOLE   0 0 57,000
HAWAIIAN ELEC INDUSTRIES COM 419870100   788,900 70,000 SH   SOLE   0 0 70,000
CORTEVA INC COM 22052l104   786,965 13,646 SH   SOLE   13,243 0 403
AMERICAN TOWER CORP NEW COM 03027X100   769,020 3,892 SH   SOLE   0 0 3,892
EQUINIX INC COM 29444U700   702,356 851 SH   SOLE   0 0 851
GENERAL MLS INC COM 370334104   699,700 10,000 SH   SOLE   0 0 10,000
MGM RESORTS INTERNATIONAL COM 552953101   651,923 13,809 SH   SOLE   0 0 13,809
SIMON PPTY GROUP INC NEW COM 828806109   637,697 4,075 SH   SOLE   0 0 4,075
MACERICH CO COM 554382101   615,576 35,727 SH   SOLE   0 0 35,727
INNOVATIVE INDL PPTYS INC COM 45781V101   523,809 5,059 SH   SOLE   0 0 5,059
WARNER BROS DISCOVERY INC COM SER A 934423104   523,800 60,000 SH   SOLE   60,000 0 0
NEW FORTRESS ENERGY INC COM CL A 644393100   494,854 16,177 SH   SOLE   0 0 16,177
SNOWFLAKE INC CL A 833445109   484,800 3,000 SH   SOLE   3,000 0 0
BLACKSTONE INC COM 09260D107   453,883 3,455 SH   SOLE   0 0 3,455
BLOCK INC CL A 852234103   422,900 5,000 SH   SOLE   5,000 0 0
CAESARS ENTERTAINMENT INC NE COM 12769G100   396,416 9,063 SH   SOLE   0 0 9,063
PROLOGIS INC. COM 74340W103   351,659 2,701 SH   SOLE   0 0 2,701
ALEXANDRIA REAL ESTATE EQ IN COM 015271109   325,756 2,527 SH   SOLE   0 0 2,527
NEW YORK CMNTY BANCORP INC COM 649445103   322,000 100,000 SH   SOLE   0 0 100,000
CADIZ INC COM NEW 127537207   239,969 82,748 SH   SOLE   0 0 82,748
REXFORD INDL RLTY INC COM 76169C100   238,171 4,735 SH   SOLE   0 0 4,735
EXTRA SPACE STORAGE INC COM 30225T102   236,670 1,610 SH   SOLE   0 0 1,610
AMERICOLD REALTY TRUST INC COM 03064D108   236,167 9,477 SH   SOLE   0 0 9,477
BROOKFIELD INFRASTRUCTURE CO COM SB VTG SHS A 11275Q107   231,629 6,427 SH   SOLE   0 0 6,427
CUBESMART COM 229663109   217,056 4,800 SH   SOLE   0 0 4,800
VENTAS INC COM 92276F100   210,647 4,838 SH   SOLE   0 0 4,838