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
Expires: July 31, 2015
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 (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
WELLS FARGO & CO COM 949746101 74,865,244 940,400 SH SOLE 15,000 0 925,400
BANK AMERICA CORP COM 060505104 71,086,249 15,224,325 SH SOLE 105,000 0 15,119,325
EXXON MOBIL CORP COM 30231G102 69,560,600 410,000 SH SOLE 0 0 410,000
SHELL PLC SPON ADS 780259305 60,543,000 651,000 SH SOLE 21,000 0 630,000
JPMORGAN CHASE & CO COM 46625H100 55,753,947 2,259,400 SH SOLE 0 0 2,259,400
APPLE INC COM 037833100 53,295,900 210,000 SH SOLE 0 0 210,000
GOLDMAN SACHS GROUP INC COM 38141G104 46,541,160 99,000 SH SOLE 0 0 99,000
CHEVRON CORPORATION COM 166764100 37,242,000 180,000 SH SOLE 10,000 0 170,000
MICROSOFT CORP COM 594918104 33,185,741 89,650 SH SOLE 10,850 0 78,800
CATERPILLAR INC COM 149123101 31,880,700 45,000 SH SOLE 0 0 45,000
AMERICAN ASSETS TR INC COM 024013104 27,197,830 1,477,340 SH SOLE 0 0 1,477,340
PHILLIPS 66 COM 718546104 23,829,144 130,800 SH SOLE 26,400 0 104,400
RIGETTI COMPUTING INC COMMON STOCK 76655K103 23,022,792 1,639,800 SH SOLE 0 0 1,639,800
TRUIST FINL CORP COM 89832Q109 20,633,730 3,384,000 SH SOLE 0 0 3,384,000
TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS 874039100 20,277,000 60,000 SH SOLE 0 0 60,000
WALMART INC COM 931142103 20,133,360 162,000 SH SOLE 40,500 0 121,500
CITIGROUP INC COM NEW 172967424 18,323,424 176,400 SH SOLE 0 0 176,400
CAPITAL ONE FINL CORP COM 14040H105 18,151,785 99,500 SH SOLE 20,000 0 79,500
ALPHABET INC CAP STK CL A 02079K305 16,966,040 59,000 SH SOLE 9,000 0 50,000
ROYAL BK CDA COM 780087102 16,744,230 103,500 SH SOLE 0 0 103,500
WESTERN DIGITAL CORP COM 958102105 16,229,400 60,000 SH SOLE 0 0 60,000
MORGAN STANLEY COM NEW 617446448 16,145,760 132,000 SH SOLE 0 0 132,000
TORONTO DOMINION BK ONT COM NEW 891160509 15,396,150 165,000 SH SOLE 0 0 165,000
MERCK & CO INC COM 58933Y105 15,036,250 125,000 SH SOLE 0 0 125,000
KROGER CO COM 501044101 14,917,014 206,150 SH SOLE 98,200 0 107,950
GE AEROSPACE COM NEW 369604301 14,897,925 52,500 SH SOLE 0 0 52,500
ESSEX PPTY TR INC COM 297178105 14,399,000 59,500 SH SOLE 0 0 59,500
NOVARTIS AG SPONSORED ADR 66987V109 14,298,928 93,610 SH SOLE 25,500 0 68,110
US BANCORP COM NEW 902973304 14,042,700 270,000 SH SOLE 0 0 270,000
HSBC HLDGS PLC SPON ADR NEW 404280406 13,769,066 166,918 SH SOLE 0 0 166,918
TOTALENERGIES SE ACT F92124100 13,663,500 150,000 SH SOLE 0 0 150,000
BANK NEW YORK MELLON CORP COM 064058100 13,642,450 115,000 SH SOLE 0 0 115,000
JOHNSON & JOHNSON COM 478160104 13,612,752 51,800 SH SOLE 0 0 51,800
INTERNATIONAL BUSINESS MACHS COM 459200101 13,331,450 55,000 SH SOLE 0 0 55,000
ABBVIE INC COM 00287Y109 13,113,342 60,294 SH SOLE 0 0 60,294
BANK MONTREAL MEDIUM COM 063671101 12,992,640 96,000 SH SOLE 0 0 96,000
SANDISK CORP COM 80004C200 12,706,800 20,000 SH SOLE 0 0 20,000
PNC FINL SVCS GROUP INC COM 693475105 12,485,400 60,000 SH SOLE 0 0 60,000
FEDEX CORP COM 31428X106 12,466,300 35,000 SH SOLE 0 0 35,000
AMGEN INC COM 031162100 12,381,602 35,190 SH SOLE 9,900 0 25,290
GE VERNOVA INC COM 36828A101 11,456,813 13,125 SH SOLE 0 0 13,125
COCA COLA CO COM 191216100 11,412,063 150,060 SH SOLE 70,000 0 80,060
DEERE & CO COM 244199105 11,266,000 20,000 SH SOLE 0 0 20,000
ELI LILLY & CO COM 532457108 11,037,240 12,000 SH SOLE 0 0 12,000
STATE STR CORP COM 857477103 10,757,600 85,000 SH SOLE 0 0 85,000
NORTHROP GRUMMAN CORP COM 666807102 10,233,600 15,000 SH SOLE 0 0 15,000
CONSTELLATION ENERGY CORP COM 21037T109 9,308,240 33,333 SH SOLE 0 0 33,333
CONOCOPHILLIPS COM 20825C104 9,240,000 70,000 SH SOLE 0 0 70,000
SEMPRA COM 816851109 8,939,640 92,000 SH SOLE 0 0 92,000
UNILEVER PLC SPON ADR NEW 904767803 8,608,794 151,111 SH SOLE 0 0 151,111
NORTHERN TR CORP COM 665859104 8,374,200 60,000 SH SOLE 0 0 60,000
PINNACLE WEST CAP CORP COM 723484101 8,362,250 83,000 SH SOLE 0 0 83,000
CHUBB LTD SWITZ COM h1467j104 8,148,250 25,000 SH SOLE 25,000 0 0
SCHWAB CHARLES CORP COM 808513105 8,145,623 86,674 SH SOLE 0 0 86,674
AMERICAN ELEC PWR CO INC COM 025537101 7,864,800 60,000 SH SOLE 0 0 60,000
PRUDENTIAL FINL INC COM 744320102 7,860,040 80,459 SH SOLE 10,000 0 70,459
NRG ENERGY INC COM NEW 629377508 7,766,756 53,146 SH SOLE 0 0 53,146
BRISTOL-MYERS SQUIBB CO COM 110122108 7,702,550 127,000 SH SOLE 0 0 127,000
LENNAR CORP CL A 526057104 7,500,371 86,370 SH SOLE 45,000 0 41,370
EDISON INTL COM 281020107 7,318,000 100,000 SH SOLE 0 0 100,000
METLIFE INC COM 59156R108 7,305,659 103,304 SH SOLE 0 0 103,304
HILTON WORLDWIDE HLDGS INC COM 43300A203 7,094,794 23,332 SH SOLE 0 0 23,332
BANK NOVA SCOTIA B C COM 064149107 6,931,000 100,000 SH SOLE 0 0 100,000
QUEST DIAGNOSTICS INC COM 74834L100 6,271,360 32,000 SH SOLE 0 0 32,000
MEDTRONIC PLC SHS G5960L103 6,206,913 71,632 SH SOLE 23,780 0 47,852
TOYOTA MOTOR CORP ADS 892331307 6,182,700 30,000 SH SOLE 0 0 30,000
PEPSICO INC COM 713448108 6,180,542 39,800 SH SOLE 0 0 39,800
ADVANCED MICRO DEVICES INC COM 007903107 6,102,900 30,000 SH SOLE 0 0 30,000
UNITED THERAPEUTICS CORP DEL COM 91307C102 5,929,800 10,000 SH SOLE 0 0 10,000
EQUITY RESIDENTIAL SH BEN INT 29476L107 5,915,000 100,000 SH SOLE 0 0 100,000
WEC ENERGY GROUP INC COM 92939U106 5,788,500 50,000 SH SOLE 0 0 50,000
RTX CORPORATION COM 75513E101 5,787,000 30,000 SH SOLE 0 0 30,000
XCEL ENERGY INC COM 98389B100 5,560,800 70,000 SH SOLE 0 0 70,000
MICROCHIP TECHNOLOGY INC. COM 595017104 5,168,800 80,000 SH SOLE 80,000 0 0
UNITED RENTALS INC COM 911363109 5,099,920 7,000 SH SOLE 0 0 7,000
AMERIPRISE FINL INC COM 03076c106 4,999,500 11,250 SH SOLE 11,000 0 250
ALCOA CORP COM 013872106 4,974,750 75,000 SH SOLE 0 0 75,000
CARDINAL HEALTH INC COM 14149Y108 4,918,663 23,277 SH SOLE 0 0 23,277
EXELON CORP COM 30161N101 4,902,000 100,000 SH SOLE 0 0 100,000
PPG INDS INC COM 693506107 4,836,320 45,250 SH SOLE 10,000 0 35,250
LABCORP HOLDINGS INC COM SHS 504922105 4,802,580 18,000 SH SOLE 0 0 18,000
NEXTERA ENERGY INC COM 65339F101 4,644,000 50,000 SH SOLE 0 0 50,000
ALLY FINL INC COM 02005N100 4,511,450 115,000 SH SOLE 0 0 115,000
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 4,357,940 225,800 SH SOLE 0 0 225,800
DUKE ENERGY CORP NEW COM NEW 26441C204 4,277,286 32,666 SH SOLE 0 0 32,666
HCA HEALTHCARE INC COM 40412C101 4,259,160 9,000 SH SOLE 0 0 9,000
KINDER MORGAN INC DEL COM 49456B101 4,191,250 125,000 SH SOLE 0 0 125,000
JEFFERIES FINANCIAL GROUP IN COM 47233W109 4,127,000 100,000 SH SOLE 0 0 100,000
ISHARES TR RUSSELL 2000 ETF 464287655 3,968,000 16,000 SH SOLE 16,000 0 0
SANOFI SA SPONSORED ADR 80105N105 3,854,400 80,000 SH SOLE 0 0 80,000
AMERICAN INTL GROUP INC COM NEW 026874784 3,762,500 50,000 SH SOLE 0 0 50,000
UNION PAC CORP COM 907818108 3,639,300 15,000 SH SOLE 0 0 15,000
FIRSTENERGY CORP COM 337932107 3,546,200 70,000 SH SOLE 0 0 70,000
MONDELEZ INTL INC CL A 609207105 3,516,616 61,010 SH SOLE 35,000 0 26,010
KENVUE INC COM 49177J102 3,448,000 200,000 SH SOLE 0 0 200,000
JOHNSON CONTROLS INTERNATION SHS g51502105 3,430,890 26,200 SH SOLE 25,000 0 1,200
PHILIP MORRIS INTL INC COM 718172109 3,306,800 20,000 SH SOLE 0 0 20,000
MADISON SQUARE GRDN SPRT COR CL A 55825T103 3,214,000 10,000 SH SOLE 0 0 10,000
GILEAD SCIENCES INC COM 375558103 3,205,510 23,000 SH SOLE 0 0 23,000
ABBOTT LABORATORIES COM 002824100 3,131,435 30,500 SH SOLE 0 0 30,500
SELECT SECTOR SPDR TR STATE STREET UTI 81369y886 3,120,520 68,000 SH SOLE 60,000 0 8,000
QNITY ELECTRONICS INC COMMON STOCK 74743L100 3,111,799 26,970 SH SOLE 6,621 0 20,349
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 3,011,040 24,000 SH SOLE 0 0 24,000
STRYKER CORPORATION COM 863667101 2,957,310 9,000 SH SOLE 0 0 9,000
ORACLE CORP COM 68389X105 2,942,200 20,000 SH SOLE 0 0 20,000
COMCAST CORP NEW CL A 20030N101 2,871,000 100,000 SH SOLE 0 0 100,000
CANADIAN IMPERIAL BANK OF CO COM 136069101 2,842,500 30,000 SH SOLE 0 0 30,000
RBC BEARINGS INC COM 75524B104 2,715,600 5,000 SH SOLE 0 0 5,000
PFIZER INC COM 717081103 2,695,680 96,000 SH SOLE 0 0 96,000
THE CIGNA GROUP COM 125523100 2,678,170 10,040 SH SOLE 0 0 10,040
PPL CORP COM 69351T106 2,674,000 70,000 SH SOLE 0 0 70,000
PROCTER & GAMBLE CO COM 742718109 2,455,480 17,000 SH SOLE 0 0 17,000
SOUTHERN CO COM 842587107 2,413,000 25,000 SH SOLE 0 0 25,000
REGENERON PHARMACEUTICALS COM 75886F107 2,317,920 3,000 SH SOLE 0 0 3,000
ARCHER DANIELS MIDLAND CO COM 039483102 2,241,033 30,830 SH SOLE 30,000 0 830
GSK PLC SPONSORED ADR 37733W204 2,207,600 40,000 SH SOLE 0 0 40,000
CACTUS INC CL A 127203107 2,131,650 45,000 SH SOLE 0 0 45,000
WYNN RESORTS LTD COM 983134107 2,031,000 20,000 SH SOLE 0 0 20,000
AGNC INVT CORP COM 00123Q104 1,999,200 80,000 SH SOLE 0 0 80,000
ANNALY CAPITAL MANAGEMENT IN COM NEW 035710839 1,993,600 80,000 SH SOLE 0 0 80,000
WELLTOWER INC COM 95040Q104 1,977,100 10,000 SH SOLE 0 0 10,000
ENTERPRISE PRODS PARTNERS L COM 293792107 1,892,000 50,000 SH SOLE 0 0 50,000
DUPONT DE NEMOURS INC COM 26614N102 1,831,999 40,000 SH SOLE 0 0 40,000
WEYERHAEUSER CO COM NEW 962166104 1,710,100 70,000 SH SOLE 0 0 70,000
COTERRA ENERGY INC COM 127097103 1,686,720 48,000 SH SOLE 48,000 0 0
SL GREEN RLTY CORP COM 78440X887 1,477,600 40,000 SH SOLE 0 0 40,000
UNITED PARCEL SVCS INC CL B 911312106 1,475,700 15,000 SH SOLE 0 0 15,000
ALCON AG ORD SHS H01301128 1,410,703 18,722 SH SOLE 5,100 0 13,622
JAZZ PHARMACEUTICALS PLC SHS USD G50871105 1,323,350 7,000 SH SOLE 0 0 7,000
GE HEALTHCARE TECHNOLOGIES I COMMON STOCK 36266G107 1,245,579 17,499 SH SOLE 0 0 17,499
MILLROSE PPTYS INC COM CL A 601137102 1,222,564 43,663 SH SOLE 22,965 0 20,698
BRIGHTHOUSE FINL INC COM 10922N103 1,197,600 20,000 SH SOLE 0 0 20,000
CORTEVA INC COM 22052l104 1,142,307 13,646 SH SOLE 13,243 0 403
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,078,200 2,250 SH SOLE 0 0 2,250
HALEON PLC SPON ADS 405552100 1,001,000 100,000 SH SOLE 0 0 100,000
BAXTER INTL INC COM 071813109 971,527 57,829 SH SOLE 0 0 57,829
AGILENT TECHNOLOGIES INC COM 00846U101 882,660 6,000 SH SOLE 0 0 6,000
LEMONADE INC COM 52567D107 872,838 1,800 SH SOLE 0 0 1,800
BECTON DICKINSON & CO COM 075887109 864,765 5,500 SH SOLE 0 0 5,500
RIVIAN AUTOMOTIVE INC COM CL A 76954A103 855,050 35,000 SH SOLE 0 0 35,000
PITNEY BOWES INC COM 724479100 733,280 8,000 SH SOLE 0 0 8,000
MAGNUM ICE CREAM CO NV ORD SHS N5505D105 508,300 34,000 SH SOLE 0 0 34,000
SNOWFLAKE INC COM SHS 833445109 452,460 3,000 SH SOLE 3,000 0 0
SIMON PPTY GROUP INC NEW COM 828806109 393,254 7,500 SH SOLE 0 0 7,500
GENERAL MILLS INC COM 370334104 372,200 10,000 SH SOLE 0 0 10,000
WATERS CORP COM 941848103 221,562 744 SH SOLE 0 0 744