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

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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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AMERICAN ASSETS TR INC COM 024013104 177,285 6,368,010 SH   SOLE   6,368,010 0 0
AMERICAN INTL GROUP INC COM NEW 026874784 624 20,000 SH   SOLE   20,000 0 0
ANHEUSER BUSCH INBEV SA/NV SPONSORED ADR 03524A108 493 10,000 SH   SOLE   10,000 0 0
CARNIVAL CORP UNIT 99/99/9999 143658300 164 10,000 SH   SOLE   10,000 0 0
CHEVRON CORP NEW COM 166764100 446 5,000 SH   SOLE   5,000 0 0
EXXON MOBIL CORP COM 30231G102 1,565 35,000 SH   SOLE   35,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 684 10,000 SH   SOLE   10,000 0 0
WELLS FARGO CO NEW COM 949746101 44,871 1,752,771 SH   SOLE   1,752,771 0 0