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

SCHEDULE 13G

Under the Securities Exchange Act of 1934
(Amendment No. 1)*


Cadiz, Inc.
(Name of Issuer)

Common Stock
(Title of Class of Securities)


127537207
(CUSIP Number)


December 31, 2016
(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
[X]  Rule 13d-1(b)

[_]  Rule 13d-1(c)

[_]  Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting
persons initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not
be deemed to be ?filed? for the purpose of Section 18 of the Securities
Exchange Act of 1934 (Act) or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).

Persons who respond to the collection of information contained in this
form are not required to respond unless the form displays a currently
valid OMB control number.


Schedule13G
CUSIP No. 127537207


1.  Names of Reporting Persons.
American Assets Capital Advisers, LLC

2.  Check the Appropriate Box if a Member of a Group
(a)
(b)
3.  SEC Use Only
4.  Citizenship or Place of Organization Delaware

Number of Shares Beneficially Owned by Each Reporting Person With:
5.  Sole Voting Power


6.  Shared Voting Power 889,797*


7.  Sole Dispositive Power


8.  Shared Dispositive Power 889,797*

9.  Aggregate Amount Beneficially Owned by Each Reporting Person 889,797
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares

11. Percent of Class Represented by Amount in Row (9) 4.51%
12. Type of Reporting Person IA

*American Assets Capital Advisers, LLC (AACA) is an investment adviser
registered under Section 203 of the Investment Advisers Act of 1940.
The securities reported in this Schedule 13G are held by the Altegris/AACA
Opportunistic Real Estate Fund (Fund) to which AACA is the sub-adviser.
AACA has entered into a sub-advisory agreement with Altegris Advisors, LLC
(Altegris) whereby Altegris has delegated voting authority to AACA.
In its role as sub-advisor to the Fund, AACA may possess investment power
and voting power over the securities that are owned by the Fund, and may be
deemed to be the beneficial owner of the shares of the Issuer held by the Fund.
However, the securities reported in this schedule are owned by the Fund.
AACA disclaims beneficial ownership of such securities. In addition, the filing
of this Schedule 13G shall not be construed as an admission that the reporting
person or any of its affiliates is the beneficial owner of any securities
covered by this Schedule 13G for any other purposes than Section 13(d) of
the Securities Exchange Act of 1934.

Schedule13G
CUSIP No. 127537207


1.  Names of Reporting Persons. American Assets Investment Management, LLC

2.  Check the Appropriate Box if a Member of a Group
(a)
(b)
3.  SEC Use Only

4.  Citizenship or Place of Organization  Delaware

Number of Shares Beneficially Owned by Each Reporting Person With:

5.  Sole Voting Power


6.  Shared Voting Power 889,797*

7.  Sole Dispositive Power


8.  Shared Dispositive Power 889,797*

9.  Aggregate Amount Beneficially Owned by Each Reporting Person 889,797
10. Check if the Aggregate Amount inRow (9) Excludes Certain Shares

11. Percent of Class Represented by Amount in Row (9) 4.51%
12. Type of Reporting Person HC

Schedule13G
CUSIP No. 127537207


1.  Names of Reporting Persons. Soledad Realty Capital, Inc.

2.  Check the Appropriate Box if a Member of a Group
(a)
(b)
3.  SEC Use Only
4.  Citizenship or Place of Organization California
Number of Shares Beneficially Owned by Each Reporting Person With:
5.  Sole Voting Power


6.  Shared Voting Power 889,797


7.  Sole Dispositive Power


8.  Shared Dispositive Power 889,797

9.  Aggregate Amount Beneficially Owned by Each Reporting Person 889,797

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares

11. Percent of Class Represented by Amount in Row (9) 4.51%
12. Type of Reporting Person HC

Schedule13G
CUSIP No. 127537207


1.  Names of Reporting Persons. Ernest S. Rady
2.  Check the Appropriate Box if a Member of a Group
(a)
(b)

3.  SEC Use Only
4.  Citizenship or Place of Organization U.S.
Number of Shares Beneficially Owned by Each Reporting Person With:
5.  Sole Voting Power


6.  Shared Voting Power 889,797

7.  Sole Dispositive Power


8.  Shared Dispositive Power 889,797

9.  Aggregate Amount Beneficially Owned by Each Reporting Person 889,797
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares

11. Percent of Class Represented by Amount in Row (9) 4.51%
12. Type of Reporting Person HC

Schedule13G
CUSIP No. 127537207


1.  Names of Reporting Persons. Burland B. East, III

2.  Check the Appropriate Box if a Member of a Group
(a)
(b)
3.  SEC Use Only
4.  Citizenship or Place of Organization U.S.
Number of Shares Beneficially Owned by Each Reporting Person With:
5.  Sole Voting Power 22,500

6.  Shared Voting Power 889,797


7.  Sole Dispositive Power 22,500


8.  Shared Dispositive Power 889,797

9.  Aggregate Amount Beneficially Owned by Each Reporting Person 912,297

10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares

11. Percent of Class Represented by Amount in Row (9) 4.62%

12. Type of Reporting Person IN, HC

Schedule13G
CUSIP No. 127537207


1.  Names of Reporting Persons. Altegris Advisors, LLC

2.  Check the Appropriate Box if a Member of a Group
(a)
(b)

3.  SEC Use Only
4.  Citizenship or Place of Organization Delaware

Number of Shares Beneficially Owned by Each Reporting Person With:

5.  Sole Voting Power


6.  Shared Voting Power 854,060*

7.  Sole Dispositive Power


8.  Shared Dispositive Power 854,060*
9.  Aggregate Amount Beneficially Owned by Each Reporting Person 854,060
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares

11. Percent of Class Represented by Amount in Row (9) 4.32%

12. Type of Reporting Person IA

* Altegris Advisors, LLC (Altegris) is an investment adviser registered
under Section 203 of the Investment Advisers Act of 1940. The securities
reported in this Schedule 13G are held by the Altegris/AACA Opportunistic
Real Estate Fund (Fund) to which Altegris is the investment adviser.
Altegris has entered into a sub-advisory agreement delegating voting
authority to American Assets Capital Advisers, LLC. In its role as
investment advisor to the Fund, Altegris may possess investment power
over the securities that are owned by the Fund, and may be deemed to be
the beneficial owner of the shares of the Issuer held by the Fund.
However, the securities reported in this schedule are owned by the Fund.
Altegris disclaims beneficial ownership of such securities. In addition,
the filing of this Schedule 13G shall not be construed as an admission
that the reporting person or any of its affiliates is the beneficial owner
of any securities covered by this Schedule 13G for any other purposes than
Section 13(d) of the Securities Exchange Act of 1934.

Schedule 13G
CUSIP No. 127537207

ITEM 1.
(a) Name of Issuer: Cadiz, Inc.

(b) Address of Issuer's Principal Executive Offices: 550 South Hope Street,
Suite 2850, Los Angeles, CA 90071

ITEM 2.
(a) Name of Person Filing: American Assets Capital Advisers, LLC
and joint filings (see Item 7)

(b) Address of Principal Business Office, or if None, Residence:
11455 El Camino Real, Suite 140 San Diego, CA 92130

(c) Citizenship: U.S.

(d) Title of Class of Securities: Common Stock

(e) CUSIP Number: 127537207

ITEM 3.  IF THIS STATEMENT IS FILED PURSUANT TO SS.240.13d-1(b) OR 240.13d-2(b)
OR (c), CHECK WHETHER THE PERSON FILING IS A:
(a)[ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)[ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)[ ] Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C.78c);
(d)[ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)[ ]	An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);
(f)[ ] An employee benefit plan or endowment fund in accordance
with 240.13d-1(b)(1)(ii)(F);
(g)[ ] A parent holding company or control person in accordance
with 240.13d-1(b)(1)(ii)(G);
(h)[ ] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)[ ] A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3);
(j)[ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J);
(k)[X] Group, in accordance with ?240.13d-1(b)(1)(ii)(K). If filing as
a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: N/A

ITEM 4. OWNERSHIP.

Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

(a) Amount beneficially owned: 912,297

(b) Percent of class: 4.62%

(c) Number of shares as to which such person has:

(i)  Sole power to vote or to direct the vote
22,500
(ii) Shared power to vote or to direct the vote
889,797
(iii)Sole power to dispose or to direct the disposition of
22,500
(iv) Shared power to dispose or to direct the disposition of
889,797

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following[X].

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.

If any other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of,
such securities, a statement to that effect should be included in response
to this item and, if such interest relates to more than five percent of the
class, such person should be identified. A listing of the shareholders of an
investment company registered under the Investment Company Act of 1940 or the
beneficiaries of employee benefit plan, pension fund or endowment fund
is not required.

Not Applicable.

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.

If a parent holding company or control person has filed this schedule, pursuant
to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit
stating the identity and the Item 3 classification of the relevant subsidiary.
If a parent holding company or control person has filed this schedule pursuant
to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification
of the relevant subsidiary.

See Item 7 Exhibit attached.

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

If a group has filed this schedule pursuant to ss.240.13d-1(b)(1)(ii)(J),
so indicate under Item 3(j) and attach an exhibit stating the identity and
Item 3 classification of each member of the group. If a group has filed this
schedule pursuant to ss.240.13d-1(c) or ss.240.13d-1(d), attach an exhibit
stating the identity of each member of the group.

Not Applicable.

ITEM 9. NOTICE OF DISSOLUTION OF GROUP.

Notice of dissolution of a group may be furnished as an exhibit stating the
date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required,
by members of the group, in their individual capacity. See Item 5.

Not Applicable.

ITEM 10. CERTIFICATIONS.

By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and not held for the purpose of or
with the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having such purpose or effect.


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, c
omplete and correct.


January 23, 2017
(Date)


AMERICAN ASSETS CAPITAL ADVISERS, LLC

By: 	__s/s__________________________________________________
		Burland B. East, III, Chief Executive Officer

AMERICAN ASSETS INVESTMENT MANAGEMENT, LLC

By: 	__s/s__________________________________________________
		Ernest S. Rady, Trustee of Sole Member

SOLEDAD REALTY CAPITAL, INC.

By: 	__s/s__________________________________________________
		Burland B. East, III, President and Sole Shareholder

ALTEGRIS ADVISORS, LLC

By:	___s/s_______________________________________________
		Kenneth McGuire, President & Chief Operations Officer

BURLAND B. EAST, III

__s/s__________________________________________________


ERNEST S. RADY

__s/s__________________________________________________

The original statement shall be signed by each person on whose behalf the
statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative other than
an executive officer or general partner of the filing person, evidence of
the representative's authority to sign on behalf of such person shall be
filed with the statement, provided, however, that a power of attorney for
this purpose which is already on file with the Commission may be
incorporated by reference. The name and any title of each person who signs
the statement shall be typed or printed beneath his signature.

JOINT FILING AGREEMENT
As required by Rule 13d-1 and Rule 13d-2 promulgated under the Securities
Exchange Act of 1934 (the ?1934 Act?), the undersigned
(each a ?Filing Person?), hereby agree to file jointly a Schedule 13G
and any amendments thereto relating to the aggregate ownership by each of
the Filing Persons of any voting equity security of a class of Cadiz, Inc.
stock which is registered pursuant to Section 12 of the 1934 Act, as amended,
and further agree that this Joint Filing Agreement shall be included as an
exhibit to such joint filings. Each Filing Person agrees that the information
set forth in such Schedule 13G and any amendments thereto with respect to such
 Filing Person will be true, complete and correct as of the date of such
Schedule 13G or such amendment, to the best of such Filing Person?s
knowledge and belief, after reasonable inquiry.
The undersigned further agree that each party hereto is responsible for the
timely filing of such Schedule 13G and any amendments thereto, and for
the completeness and accuracy of the information concerning such party
contained therein; provided, however, that each Filing Person makes no
representations as to the accuracy or adequacy of the information set
forth in the Schedule 13G or any amendments thereto with respect to any
other Filing Person. Each Filing Person shall promptly notify all of the
other Filing Persons if any of the information set forth in the Schedule
13G or any amendments thereto shall become inaccurate in any material
respect or if said person learns of information that would require an
amendment to the Schedule 13G.

IN WITNESS WHEREOF, the undersigned have set their hands
this 5th day of February, 2016.

ALTEGRIS ADVISORS, LLC

By: _s/s________________________________________________
Kenneth McGuire, President & Chief Operations Officer


AMERICAN ASSETS CAPITAL ADVISERS, LLC

By: __s/s______________________________________________
Burland B. East, III, Chief Executive Officer

AMERICAN ASSETS INVESTMENT MANAGEMENT, LLC

By: __s/s______________________________________________
Ernest S. Rady, Trustee of Managing Member

SOLEDAD REALTY CAPITAL, INC.

By: __s/s______________________________________________
Burland B. East, III, President

BURLAND B. EAST, III

__s/s__________________________________________________

ERNEST S. RADY

__s/s__________________________________________________

ITEM 7 EXHIBIT
Pursuant to the instructions in Item 7 of Schedule 13G, the following table
lists the identity and Item 3 classification of each relevant entity/individual
that beneficially owns shares of the security class being reported on this
Schedule 13G.

Entity/Individual					Item 3 Classification
American Assets Investment Management, LLC(AAIM)		HC
Soledad Realty Capital, Inc.(Soledad)				HC
Burland B. East, III						HC
Ernest S. Rady							HC
Assets Capital Advisers, LLC (AACA)				IA
Altegris Advisors, LLC(Altegris)				IA


Mr. Burland East owns 100% of Soledad.  Mr. Ernest Rady owns 100% of AAIM.
AAIM and Soledad together own 100% of AACA.  AACA is an SEC registered
investment adviser.  With the exception of 22,500 shares owned individually
by Mr. Burland East, the shares of Cadiz, Inc. covered by this report are
held for the benefit of discretionary accounts advised and/or sub-advised
by AACA.  AACA serves as the sub-adviser to a fund advised by Altegris,
an unaffiliated SEC registered investment adviser.

The ownership breakdown of the common stock of Cadiz, Inc. is as follows:
AAIM, Soledad, Burland East and Ernest Rady are control persons of AACA and
therefore have indirect shared investment power and indirect shared voting
power of 889,797 shares.

Mr. Burland East also has direct investment power and sole voting power of
 22,500 shares. AACA does not have any investment power or voting power
over these shares.AACA has investment power and voting power over accounts
that hold in the aggregate 889,797 shares.

No one account owns 5% or more of the shares. Altegris serves as the
investment adviser for, and has discretionary authority over AACA
Opportunistic Real Estate Long Fund (the "Fund"), which owns
854,060 shares (4.32%). Altegris has no voting power over the shares
in the Fund.  AACA is the sub-adviser to the Fund and has voting power
and shared investment power over the shares in the Fund.