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

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
06-30-2025
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Pacific Heights Asset Management LLC
Address:
600 Montgomery Street
Suite 4100
San Francisco, CA 94111
Form 13F File Number:
028-11706

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
MICHAEL J. CUGGINO
Title:
PRESIDENT, CEO, AND MANAGER
Phone:
(415) 398-8000


Signature, Place, and Date of Signing:

/S/ MICHAEL J. CUGGINO
                         [Signature]
SAN FRANCISCO, CALIFORNIA
                 [City, State]
07-30-2025
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
78
Form 13F Information table Value Total:
1876657030
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


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 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
AFFIRM HLDGS INCCOM CL A00827B10625,927,500375,000SHSOLE375,000 0 0
AGILENT TECHNOLOGIES INC COM00846U10112,037,020102,000SHSOLE102,000 0 0
AIR PRODS & CHEMS INC COM00915810618,898,02067,000SHSOLE67,000 0 0
ALBEMARLE CORPCOM0126531018,147,100130,000SHSOLE130,000 0 0
ALEXANDER & BALDWIN INCCOM NEW0144911042,228,750125,000SHSOLE125,000 0 0
AMERICAN TOWER CORP NEWCOM03027X10022,102,000100,000SHSOLE100,000 0 0
AMGEN INC COM03116210018,427,86066,000SHSOLE66,000 0 0
APA CORPORATIONCOM03743Q1087,316,000400,000SHSOLE400,000 0 0
APPLOVIN CORPCOM CL A03831W10823,455,36067,000SHSOLE67,000 0 0
ARM HOLDINGS PLCSPONSORED ADS04206820522,643,600140,000SHSOLE140,000 0 0
AUTODESK INC COM05276910620,741,19067,000SHSOLE67,000 0 0
AVALONBAY CMNTYS INC COM05348410112,210,00060,000SHSOLE60,000 0 0
BHP BILLITON LTD SPONSORED ADR08860610816,831,500350,000SHSOLE350,000 0 0
BIRCHCLIFF ENERGY LTDCOM09069710311,505,9002,100,000SHSOLE2,100,000 0 0
BP PLC SPONSORED ADR0556221048,979,000300,000SHSOLE300,000 0 0
BROADCOM INCCOM11135F10160,643,000220,000SHSOLE220,000 0 0
BXP INC (formerly Boston Properties, Inc.)COM10112110110,120,500150,000SHSOLE150,000 0 0
CAMECO CORP COM13321L10837,115,000500,000SHSOLE500,000 0 0
CANADIAN NAT RES LTDCOM13638510115,700,000500,000SHSOLE500,000 0 0
CANADIAN PACIFIC KANSAS CITYCOM13646K10813,079,550165,000SHSOLE165,000 0 0
CENTERSPACECOM15202L10712,038,000200,000SHSOLE200,000 0 0
CHEVRON CORP COM NEW16676410028,638,000200,000SHSOLE200,000 0 0
CONOCOPHILLIPS COM20825C10417,948,000200,000SHSOLE200,000 0 0
COSTCO WHSL CORP NEW COM NEW22160K10551,476,88052,000SHSOLE52,000 0 0
DEVON ENERGY CORPORATION COM NEW25179M10315,905,000500,000SHSOLE500,000 0 0
DIGITAL RLTY TR INC COM25386810317,433,000100,000SHSOLE100,000 0 0
DISNEY WALT CO COM25468710614,013,130113,000SHSOLE113,000 0 0
ESSEX PPTY TR INCCOM29717810517,004,00060,000SHSOLE60,000 0 0
EXXON MOBIL CORP COM30231G10221,560,000200,000SHSOLE200,000 0 0
FEDERAL RLTY INVT TR SH BEN INT NEW3137451019,499,000100,000SHSOLE100,000 0 0
FEDEX CORPCOM31428X10614,775,15065,000SHSOLE65,000 0 0
FLUOR CORP NEW COM NEW34341210212,304,800240,000SHSOLE240,000 0 0
FREEPORT-MCMORAN INCCL B35671D85794,936,5002,190,000SHSOLE2,190,000 0 0
HF SINCLAIR CORPORATIONCOM40394910012,324,000300,000SHSOLE300,000 0 0
HIGHWOODS PPTYS INCCOM4312841084,663,500150,000SHSOLE150,000 0 0
ILLINOIS TOOL WKS INC COM45230810922,499,75091,000SHSOLE91,000 0 0
IPG PHOTONICS CORP COM44980X10911,670,500170,000SHSOLE170,000 0 0
KIMCO RLTY CORP COM49446R1096,306,000300,000SHSOLE300,000 0 0
LENNAR CORPCL A52605710415,485,400140,000SHSOLE140,000 0 0
LOCKHEED MARTIN CORP COM53983010925,935,84056,000SHSOLE56,000 0 0
LULULEMON ATHLETICA INCCOM55002110910,691,10045,000SHSOLE45,000 0 0
META PLATFORMS INCCL A30303M102115,142,040156,000SHSOLE156,000 0 0
MILLROSE PPTYS INCCOM CL A6011371029,978,500350,000SHSOLE350,000 0 0
MORGAN STANLEY COM NEW61744644829,580,600210,000SHSOLE210,000 0 0
MURPHY OIL CORPCOM62671710211,250,000500,000SHSOLE500,000 0 0
NUCOR CORP COM67034610518,394,680142,000SHSOLE142,000 0 0
NUTRIEN LTDCOM67077M10812,812,800220,000SHSOLE220,000 0 0
NVIDIA CORPCOM67066G104135,871,400860,000SHSOLE860,000 0 0
OCCIDENTAL PETE CORPCOM67459910514,703,500350,000SHSOLE350,000 0 0
OCCIDENTAL PETROLEUM CORP WARRANTEXP 08/03/20276745991622,071,000100,000SHSOLE100,000 0 0
OUTFRONT MEDIA INCCOM NEW69007J3048,160,000500,000SHSOLE500,000 0 0
OVINTIV INCCOM69047Q10214,839,500390,000SHSOLE390,000 0 0
PALANTIR TECHNOLOGIES INCCL A69608A108201,072,0001,475,000SHSOLE1,475,000 0 0
PARKER HANNIFIN CORP COM70109410444,003,61063,000SHSOLE63,000 0 0
PHILLIPS 66COM71854610410,737,00090,000SHSOLE90,000 0 0
PROLOGIS INC COM74340W10318,396,000175,000SHSOLE175,000 0 0
QUANTUM COMPUTING INCCOM74766W1087,668,000400,000SHSOLE400,000 0 0
REGENCY CTRS CORPCOM75884910310,684,500150,000SHSOLE150,000 0 0
RIO TINTO PLCSPONSORED ADR76720410018,957,250325,000SHSOLE325,000 0 0
RYDER SYS INCCOM78354910813,197,00083,000SHSOLE83,000 0 0
SCHWAB CHARLES CORP COM NEW80851310519,616,600215,000SHSOLE215,000 0 0
SIMON PPTY GROUP INC NEWCOM82880610916,076,000100,000SHSOLE100,000 0 0
SOUTH32 LTD ADR84473L1054,760,000500,000SHSOLE500,000 0 0
STAG INDL INCCOM85254J10210,884,000300,000SHSOLE300,000 0 0
STATE STREET CORPORATION COM85747710314,887,600140,000SHSOLE140,000 0 0
STRUCTURE THERAPEUTICS INCSPONSORED ADS86366E1069,540,400460,000SHSOLE460,000 0 0
TEXAS PACIFIC LAND CORPCOM88262P102174,304,350165,000SHSOLE165,000 0 0
TWILIO INCCL A90138F10219,897,600160,000SHSOLE160,000 0 0
UBER TECHNOLOGIES INCCOM90353T10020,526,000220,000SHSOLE220,000 0 0
UDR INC COM9026531045,103,750125,000SHSOLE125,000 0 0
UMH PPTYS INCCOM9030021034,197,500250,000SHSOLE250,000 0 0
VALE SA ADR 91912E1054,855,000500,000SHSOLE500,000 0 0
VIPER ENERGY INCCL A92795910611,439,000300,000SHSOLE300,000 0 0
VISA INCCOM CL A92826C83919,172,70054,000SHSOLE54,000 0 0
VORNADO RLTY TR SH BEN INT9290421094,780,000125,000SHSOLE125,000 0 0
WEYERHAEUSER CO COM9621661045,138,000200,000SHSOLE200,000 0 0
WILLIAMS SONOMA INC COM96990410117,970,700110,000SHSOLE110,000 0 0
WYNN RESORTS LTD COM98313410710,772,050115,000SHSOLE115,000 0 0