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
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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
BANK OF AMER CORP COM 060505104 80,499,573 15,224,325 SH SOLE 105,000 0 15,119,325
WELLS FARGO & CO COM 949746101 77,714,656 940,400 SH SOLE 15,000 0 925,400
APPLE INC COM 037833100 60,765,600 210,000 SH SOLE 0 0 210,000
JPMORGAN CHASE & CO COM 46625H100 59,641,799 259,400 SH SOLE 0 0 259,400
EXXON MOBIL CORP COM 30231G102 56,055,200 410,000 SH SOLE 0 0 410,000
GOLDMAN SACHS GROUP INC COM 38141G104 55,474,380 99,000 SH SOLE 0 0 99,000
SHELL PLC SPON ADS 780259305 50,478,540 651,000 SH SOLE 21,000 0 630,000
CATERPILLAR INC COM 149123101 47,920,500 45,000 SH SOLE 0 0 45,000
SANDISK CORP COM 80004C200 45,474,600 20,000 SH SOLE 0 0 20,000
WESTERN DIGITAL CORP COM 958102105 38,323,200 60,000 SH SOLE 0 0 60,000
AMERICAN ASSETS TR INC COM 024013104 36,475,525 1,477,340 SH SOLE 0 0 1,477,340
MICROSOFT CORP COM 594918104 33,441,243 89,650 SH SOLE 10,850 0 78,800
RIGETTI COMPUTING INC COMMON STOCK 76655K103 31,680,936 1,639,800 SH SOLE 0 0 1,639,800
CHEVRON CORPORATION COM 166764100 29,836,800 180,000 SH SOLE 10,000 0 170,000
TAIWAN SEMICONDUCTOR MANUFAC SPONSORED ADS 874039100 28,654,200 60,000 SH SOLE 0 0 60,000
CITIGROUP INC COM NEW 172967424 22,463,544 176,400 SH SOLE 0 0 176,400
TRUIST FINL CORP COM 89832Q109 22,130,880 3,384,000 SH SOLE 0 0 3,384,000
PHILLIPS 66 COM 718546104 22,111,740 130,800 SH SOLE 26,400 0 104,400
ROYAL BK CDA COM 780087102 21,421,395 103,500 SH SOLE 0 0 103,500
ALPHABET INC CAP STK CL A 02079K305 21,084,830 59,000 SH SOLE 9,000 0 50,000
MORGAN STANLEY COM NEW 617446448 20,236,428 132,000 SH SOLE 0 0 132,000
TORONTO DOMINION BK ONT COM NEW 891160509 20,035,950 165,000 SH SOLE 0 0 165,000
CAPITAL ONE FINL CORP COM 14040H105 19,961,690 99,500 SH SOLE 20,000 0 79,500
GE AEROSPACE COM NEW 369604301 19,620,825 52,500 SH SOLE 0 0 52,500
WALMART INC COM 931142103 18,348,120 162,000 SH SOLE 40,500 0 121,500
ADVANCED MICRO DEVICES INC COM 007903107 17,427,300 30,000 SH SOLE 0 0 30,000
ESSEX PPTY TR INC COM 297178105 17,349,605 59,500 SH SOLE 0 0 59,500
BANK MONTREAL MEDIUM COM 063671101 16,963,200 96,000 SH SOLE 0 0 96,000
BANK OF NY MELLON CORP COM 064058100 16,630,150 115,000 SH SOLE 0 0 115,000
US BANCORP COM NEW 902973304 16,308,000 270,000 SH SOLE 0 0 270,000
MERCK & CO INC COM 58933Y105 16,062,500 125,000 SH SOLE 0 0 125,000
HSBC HLDGS PLC SPON ADR NEW 404280406 15,872,233 166,918 SH SOLE 0 0 166,918
INTERNATIONAL BUSINESS MACHS COM 459200101 15,466,550 55,000 SH SOLE 0 0 55,000
GE VERNOVA INC COM 36828A101 15,420,038 13,125 SH SOLE 0 0 13,125
ABBVIE INC COM 00287Y109 15,172,382 60,294 SH SOLE 0 0 60,294
PNC FINL SVCS GROUP INC COM 693475105 14,773,200 60,000 SH SOLE 0 0 60,000
NOVARTIS AG SPONSORED ADR 66987V109 14,670,559 93,610 SH SOLE 25,500 0 68,110
JOHNSON & JOHNSON COM 478160104 14,476,290 57,000 SH SOLE 0 0 57,000
STATE STR CORP COM 857477103 14,416,000 85,000 SH SOLE 0 0 85,000
ELI LILLY & CO COM 532457108 14,393,160 12,000 SH SOLE 0 0 12,000
AMGEN INC COM 031162100 12,743,003 35,190 SH SOLE 9,900 0 25,290
DEERE & CO COM 244199105 12,686,600 20,000 SH SOLE 0 0 20,000
COCA COLA CO COM 191216100 12,195,376 150,060 SH SOLE 70,000 0 80,060
TOTALENERGIES SE ACT F92124100 11,664,000 150,000 SH SOLE 0 0 150,000
KROGER CO COM 501044101 11,447,510 206,150 SH SOLE 98,200 0 107,950
FEDEX CORP COM 31428X106 10,959,550 35,000 SH SOLE 0 0 35,000
NORTHERN TR CORP COM 665859104 10,430,400 60,000 SH SOLE 0 0 60,000
UNILEVER PLC SPON ADR NEW 904767803 9,084,793 151,111 SH SOLE 0 0 151,111
PINNACLE WEST CAP CORP COM 723484101 8,881,000 83,000 SH SOLE 0 0 83,000
METLIFE INC COM 59156R108 8,740,551 103,304 SH SOLE 0 0 103,304
BANK NOVA SCOTIA B C COM 064149107 8,684,000 100,000 SH SOLE 0 0 100,000
PRUDENTIAL FINL INC COM 744320102 8,683,940 80,459 SH SOLE 10,000 0 70,459
SEMPRA COM 816851109 8,529,320 92,000 SH SOLE 0 0 92,000
CHUBB LIMITED COM H1467J104 8,518,500 25,000 SH SOLE 25,000 0 0
CONSTELLATION ENERGY CORP COM 21037T109 8,278,917 33,333 SH SOLE 0 0 33,333
AMERICAN ELEC PWR CO INC COM 025537101 8,208,600 60,000 SH SOLE 0 0 60,000
SCHWAB CHARLES CORP COM 808513105 7,997,410 86,674 SH SOLE 0 0 86,674
UNITED RENTALS INC COM 911363109 7,930,230 7,000 SH SOLE 0 0 7,000
LENNAR CORP CL A 526057104 7,815,621 86,370 SH SOLE 45,000 0 41,370
NRG ENERGY INC COM NEW 629377508 7,762,505 53,146 SH SOLE 0 0 53,146
HILTON WORLDWIDE HLDGS INC COM 43300A203 7,710,292 23,332 SH SOLE 0 0 23,332
NORTHROP GRUMMAN CORP COM 666807102 7,639,650 15,000 SH SOLE 0 0 15,000
EDISON INTL COM 281020107 7,445,000 100,000 SH SOLE 0 0 100,000
BRISTOL-MYERS SQUIBB CO COM 110122108 7,317,740 127,000 SH SOLE 0 0 127,000
MICROCHIP TECHNOLOGY INC. COM 595017104 7,296,000 80,000 SH SOLE 80,000 0 0
CONOCOPHILLIPS COM 20825C104 7,277,200 70,000 SH SOLE 0 0 70,000
EQUITY RESIDENTIAL SH BEN INT 29476L107 6,793,000 100,000 SH SOLE 0 0 100,000
QUEST DIAGNOSTICS INC COM 74834L100 6,782,400 32,000 SH SOLE 0 0 32,000
WEC ENERGY GROUP INC COM 92939U106 5,838,500 50,000 SH SOLE 0 0 50,000
RTX CORPORATION COM 75513E101 5,691,900 30,000 SH SOLE 0 0 30,000
XCEL ENERGY INC COM 98389B100 5,621,000 70,000 SH SOLE 0 0 70,000
MEDTRONIC PLC SHS G5960L103 5,603,771 71,632 SH SOLE 23,780 0 47,852
CARDINAL HEALTH INC COM 14149Y108 5,529,684 23,277 SH SOLE 0 0 23,277
PPG INDS INC COM 693506107 5,488,373 45,250 SH SOLE 10,000 0 35,250
UNITED THERAPEUTICS CORP DEL COM 91307C102 5,418,300 10,000 SH SOLE 0 0 10,000
PEPSICO INC COM 713448108 5,388,920 39,800 SH SOLE 0 0 39,800
ALLY FINL INC COM 02005N100 5,284,250 115,000 SH SOLE 0 0 115,000
AMERIPRISE FINL INC COM 03076C106 5,161,050 11,250 SH SOLE 11,000 0 250
TOYOTA MOTOR CORP ADS 892331307 5,052,600 30,000 SH SOLE 0 0 30,000
LABCORP HOLDINGS INC COM SHS 504922105 5,040,000 18,000 SH SOLE 0 0 18,000
JEFFERIES FINANCIAL GROUP IN COM 47233W109 4,998,000 100,000 SH SOLE 0 0 100,000
ISHARES TR RUSSELL 2000 ETF 464287655 4,807,200 16,000 SH SOLE 16,000 0 0
EXELON CORP COM 30161N101 4,662,000 100,000 SH SOLE 0 0 100,000
QNITY ELECTRONICS INC COMMON STOCK 74743L100 4,404,472 26,970 SH SOLE 6,621 0 20,349
NEXTERA ENERGY INC COM 65339F101 4,388,500 50,000 SH SOLE 0 0 50,000
ENERGY TRANSFER L P COM UT LTD PTN 29273V100 4,317,296 225,800 SH SOLE 0 0 225,800
DUKE ENERGY CORP NEW COM NEW 26441C204 4,134,862 32,666 SH SOLE 0 0 32,666
UNION PAC CORP COM 907818108 4,080,000 15,000 SH SOLE 0 0 15,000
MADISON SQUARE GRDN SPRT COR CL A 55825T103 4,018,400 10,000 SH SOLE 0 0 10,000
KINDER MORGAN INC DEL COM 49456B101 3,996,250 125,000 SH SOLE 0 0 125,000
ALCOA CORP COM 013872106 3,910,500 75,000 SH SOLE 0 0 75,000
JOHNSON CONTROLS INTERNATION SHS G51502105 3,828,082 26,200 SH SOLE 25,000 0 1,200
KENVUE INC COM 49177J102 3,822,000 200,000 SH SOLE 0 0 200,000
AMERICAN INTL GROUP INC COM NEW 026874784 3,726,500 50,000 SH SOLE 0 0 50,000
PHILIP MORRIS INTL INC COM 718172109 3,618,200 20,000 SH SOLE 0 0 20,000
MONDELEZ INTL INC CL A 609207105 3,528,818 61,010 SH SOLE 35,000 0 26,010
HCA HEALTHCARE INC COM 40412C101 3,509,010 9,000 SH SOLE 0 0 9,000
CANADIAN IMPERIAL BANK OF CO COM 136069101 3,450,000 30,000 SH SOLE 0 0 30,000
SANOFI SA SPONSORED ADR 80105N105 3,412,800 80,000 SH SOLE 0 0 80,000
FIRSTENERGY CORP COM 337932107 3,327,800 70,000 SH SOLE 0 0 70,000
RBC BEARINGS INC COM 75524B104 3,220,300 5,000 SH SOLE 0 0 5,000
SELECT SECTOR SPDR TR ST STR UTIL ETF 81369Y886 3,083,120 68,000 SH SOLE 60,000 0 8,000
ORACLE CORP COM 68389X105 2,931,000 20,000 SH SOLE 0 0 20,000
GILEAD SCIENCES INC COM 375558103 2,905,820 23,000 SH SOLE 0 0 23,000
STRYKER CORPORATION COM 863667101 2,833,560 9,000 SH SOLE 0 0 9,000
THE CIGNA GROUP COM 125523100 2,767,827 10,040 SH SOLE 0 0 10,040
ABBOTT LABORATORIES COM 002824100 2,767,570 30,500 SH SOLE 0 0 30,500
FEDEX FGHT HLDG CO INC COMMON STOCK 314352105 2,642,500 17,500 SH SOLE 0 0 17,500
PPL CORP COM 69351T106 2,544,500 70,000 SH SOLE 0 0 70,000
PROCTER & GAMBLE CO COM 742718109 2,492,880 17,000 SH SOLE 0 0 17,000
SOUTHERN CO COM 842587107 2,392,750 25,000 SH SOLE 0 0 25,000
ARCHER DANIELS MIDLAND CO COM 039483102 2,355,412 30,830 SH SOLE 30,000 0 830
PFIZER INC COM 717081103 2,311,680 96,000 SH SOLE 0 0 96,000
CACTUS INC CL A 127203107 2,305,350 45,000 SH SOLE 0 0 45,000
ALIBABA GROUP HLDG LTD SPONSORED ADS 01609W102 2,303,520 24,000 SH SOLE 0 0 24,000
PITNEY BOWES INC COM 724479100 2,277,600 130,000 SH SOLE 0 0 130,000
WELLTOWER INC COM 95040Q104 2,269,700 10,000 SH SOLE 0 0 10,000
GSK PLC SPONSORED ADR 37733W204 2,096,800 40,000 SH SOLE 0 0 40,000
SL GREEN RLTY CORP COM 78440X887 2,070,800 40,000 SH SOLE 0 0 40,000
ANNALY CAPITAL MANAGEMENT IN COM NEW 035710839 2,037,600 80,000 SH SOLE 0 0 80,000
AGNC INVT CORP COM 00123Q104 2,035,200 80,000 SH SOLE 0 0 80,000
WYNN RESORTS LTD COM 983134107 1,941,800 20,000 SH SOLE 0 0 20,000
REGENERON PHARMACEUTICALS COM 75886F107 1,870,620 3,000 SH SOLE 0 0 3,000
ENTERPRISE PRODS PARTNERS L COM 293792107 1,838,000 50,000 SH SOLE 0 0 50,000
DUPONT DE NEMOURS INC COMMON STOCK 26614N201 1,808,534 13,334 SH SOLE 0 0 13,334
JAZZ PHARMACEUTICALS PLC SHS USD G50871105 1,686,790 7,000 SH SOLE 0 0 7,000
WEYERHAEUSER CO COM NEW 962166104 1,675,800 70,000 SH SOLE 0 0 70,000
UNITED PARCEL SVCS INC CL B 911312106 1,612,500 15,000 SH SOLE 0 0 15,000
DEVON ENERGY CORP NEW COM 25179M103 1,388,352 33,600 SH SOLE 33,600 0 0
AGILENT TECHNOLOGIES INC COM 00846U101 1,328,300 10,000 SH SOLE 0 0 10,000
MILLROSE PPTYS INC COM CL A 601137102 1,312,073 43,663 SH SOLE 22,965 0 20,698
RIVIAN AUTOMOTIVE INC COM CL A 76954A103 1,301,250 75,000 SH SOLE 0 0 75,000
BRIGHTHOUSE FINL INC COM 10922N103 1,266,000 20,000 SH SOLE 0 0 20,000
ALCON AG ORD SHS H01301128 1,256,246 18,722 SH SOLE 5,100 0 13,622
BAXTER INTL INC COM 071813109 1,232,914 57,829 SH SOLE 0 0 57,829
CORTEVA INC COM 22052L104 1,155,680 13,646 SH SOLE 13,243 0 403
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 1,125,878 2,250 SH SOLE 0 0 2,250
GE HEALTHCARE TECHNOLOGIES I COMMON STOCK 36266G107 1,120,111 17,499 SH SOLE 0 0 17,499
HALEON PLC SPON ADS 405552100 933,000 100,000 SH SOLE 0 0 100,000
BECTON DICKINSON & CO COM 075887109 832,315 5,500 SH SOLE 0 0 5,500
SNOWFLAKE INC COM SHS 833445109 763,500 3,000 SH SOLE 3,000 0 0
MAGNUM ICE CREAM CO NV ORD SHS N5505D105 591,940 34,000 SH SOLE 0 0 34,000
LEMONADE INC COM 52567D107 422,825 6,500 SH SOLE 0 0 6,500
SIMON PPTY GROUP INC NEW COM 828806109 412,132 7,500 SH SOLE 0 0 7,500
GENERAL MILLS INC COM 370334104 348,000 10,000 SH SOLE 0 0 10,000
WATERS CORP COM 941848103 279,029 744 SH SOLE 0 0 744