America First Investment Advisors, LLC

CIK 1308778 · View on SEC EDGAR ↗

Portfolio value
$538.9M
#3,599 of 9,443 by 13F value · top 38.1%
Positions
45
As of
June 30, 2026

Portfolio value QoQ: +0.4% 13F does not disclose cash

Top 10 holdings weight
56.61%
Top 25 holdings weight
97.65%
Positions above 1%
21
Effective number of positions
20.7

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 5.21% Est. buys $30,937,788 · sells $28,008,555

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 86.5% still held

New positions
5
Increased
15
Decreased
12
Closed
1
On this page

Performance vs S&P 500

Tracked Q4 2024–Q2 2026
+19.9%
S&P 500 total return (same window)
+28.1%
Excess return
-8.2%

Annualized: +12.9% · S&P 500: +18.0%

Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.

Priceable coverage: 94.0% · Options excluded: 0.0%

Sector breakdown

Financial Services
23.9%
Healthcare
15.5%
Energy
10.4%
Industrials
9.3%
Materials
8.4%
Communication Services
6.8%
Financials
5.8%
Retail
5.6%
Consumer products
1.5%
Technology
1.4%
Consumer Staples
0.4%
Communications
0.1%
Consumer Discretionary
0.1%
Real Estate
0.1%
Other/Unmapped
10.7%

Full portfolio 45 positions

Type Streak 8Q trend
SHY iShares 1-3 Year Treasury Bond ETF $43,976,837 8.16% 535,584 $-366,260 Down ×1
GOOGL Alphabet Inc. - Class A Common Stock $36,173,892 6.71% 101,223 $6,492,374 Down ×4
JNJ Johnson & Johnson Common Stock $35,290,811 6.55% 138,957 $1,030,195 Down ×4
AMZN Amazon.com, Inc. - Common Stock $29,224,774 5.42% 122,618 $3,446,363 Down ×1
ENB Enbridge Inc Common Stock $28,228,300 5.24% 520,721 $-46,871 Down ×2
WRB W.R. Berkley Corporation Common Stock $27,055,661 5.02% 383,605 $1,847,056 Up ×2
TMO Thermo Fisher Scientific Inc Common Stock $26,645,279 4.94% 53,146 $678,732 Up ×1
SLB SLB Limited Common Shares $26,312,782 4.88% 565,988 $-3,122,947 Down ×2
BN Brookfield Corporation Class A Limited Voting Shares $26,243,138 4.87% 616,181 $1,313,831 Up ×1
ADP Automatic Data Processing, Inc. - Common Stock $25,908,254 4.81% 115,688 $2,640,147 Up ×4
V Visa Inc. $25,287,175 4.69% 73,704 $3,187,325 Up ×4
FNV Franco-Nevada Corporation $23,684,052 4.40% 113,625 $-4,446,116 Down ×5
VRSK Verisk Analytics, Inc. - Common Stock $23,504,606 4.36% 130,923 Up ×1
MA Mastercard Incorporated Common Stock $23,229,017 4.31% 45,228 $901,292 Up ×3
ABT Abbott Laboratories Common Stock $21,678,014 4.02% 238,903 $-1,067,242 Up ×4
RGLD Royal Gold, Inc. - Common Stock $21,471,797 3.98% 107,569 $-5,827,026 Up ×1
CME CME Group Inc. - Class A Common Stock $21,202,330 3.93% 96,012 $-6,886,636 Up ×1
FISV Fiserv, Inc. - Common Stock $20,085,583 3.73% 409,492 $-2,311,979 Up ×2
BAM Brookfield Asset Management Inc Class A Limited Voting Shares $12,799,223 2.38% 285,378 $133,309 Up ×1
BRKA $7,488,500 1.39% 10 $1,743,380 Up ×1
CLX Clorox Company (The) Common Stock $7,168,498 1.33% 75,110 $-615,151
BRKB $4,003,620 0.74% 8,001 $-621,618 Down ×1
MU Micron Technology, Inc. - Common Stock $3,849,557 0.71% 3,335 $2,722,861
USB U.S. Bancorp Common Stock $3,312,457 0.61% 54,842 $460,125
AAPL Apple Inc. - Common Stock $2,359,935 0.44% 8,156 $252,792 Down ×1
KO Coca-Cola Company (The) Common Stock $1,369,237 0.25% 16,848 $87,947
PSX Phillips 66 Common Stock $1,112,349 0.21% 6,580 $-86,395
ZONE $1,028,045 0.19% 1,253,713 $1,007,568 Up ×1
MSFT Microsoft Corporation - Common Stock $867,350 0.16% 2,325 $22,339 Up ×2
JPM JP Morgan Chase & Co. Common Stock $827,818 0.15% 2,529 $83,887
GD General Dynamics Corporation Common Stock $679,432 0.13% 1,918 $21,136
SPY SPY $678,213 0.13% 908 $59,407 Down ×1
PG Procter & Gamble Company (The) Common Stock $658,707 0.12% 4,492 $9,883
CASY Caseys General Stores, Inc. - Common Stock $635,832 0.12% 800 $53,544
CVX Chevron Corporation Common Stock $610,328 0.11% 3,682 $-174,237 Down ×1
CSCO Cisco Systems, Inc. - Common Stock $587,300 0.11% 5,000 Up ×1
HSY The Hershey Company Common Stock $564,423 0.10% 3,217 $-104,359
RSP $513,840 0.10% 2,415 $69,929 Up ×1
WMT Walmart Inc. - Common Stock $492,681 0.09% 4,350 Up ×1
META Meta Platforms, Inc. - Class A Common Stock $421,904 0.08% 749 $-12,343 Down ×1
TSLA Tesla, Inc. - Common Stock $410,085 0.08% 975 $47,629
MFA MFA Financial, Inc. $384,935 0.07% 39,725 $4,369
PEP PepsiCo, Inc. - Common Stock $381,693 0.07% 2,819 $-56,070
SBUX Starbucks Corporation - Common Stock $232,993 0.04% 2,280 Up ×1
NVDA NVIDIA Corporation - Common Stock $213,096 0.04% 1,065 Up ×1

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
ADP $25,908,254 4.81% up ×4
V $25,287,175 4.69% up ×4
MA $23,229,017 4.31% up ×3
ABT $21,678,014 4.02% up ×4

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
VRSK $23,504,606 130,923 4.36%
CSCO $587,300 5,000 0.11%
WMT $492,681 4,350 0.09%
SBUX $232,993 2,280 0.04%
NVDA $213,096 1,065 0.04%

Top movers (QoQ)

Security Action Shares Δ Value Δ
CME Bought more +908 -$6.9M
GOOGL Trimmed -2K +$6.5M
RGLD Bought more +300 -$5.8M
FNV Trimmed -239 -$4.4M
AMZN Trimmed -1K +$3.4M
V Bought more +584 +$3.2M
SLB Trimmed -7K -$3.1M
MU Price move only +0 +$2.7M
ADP Bought more +1K +$2.6M
FISV Bought more +8K -$2.3M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
PLTR March 31, 2025 464,702 $35,145,412 105.0%
PFE June 30, 2026 898,150 $25,220,050 16.5%
GHI March 31, 2026 65,528 $451,488 33.0%
QQQ Dec. 31, 2025 648 $389,040
LLY Dec. 31, 2025 301 $229,663 16.3%
ORCL March 31, 2026 1,153 $224,731 -0.4%
NGD Dec. 31, 2025 10,000 $71,800 No longer tracked