Filed: 5/14/2025ACC: 0001308778-25-000003
📋 What this filing means
AMERICA FIRST INVESTMENT ADVISORS, LLC filed this quarterly 13F‑HR report disclosing 42 equity positions with a total reported market value of $474.08M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
42
Positions
$474.08M
Total AUM (reported)
5.22M
Total Shares
Allocation by class
COM$276.08M58.2%
CL A$38.10M8.0%
1 3 YR TREAS BD$37.36M7.9%
COM CL A$25.59M5.4%
CL A LTD VT SH$22.76M4.8%
COM STK$22.16M4.7%
CL A LMT VTG SHS$21.82M4.6%
Portfolio Concentration
Top 3$94.00M19.8%
4–10$179.78M37.9%
11–25$192.74M40.7%
Rest$7.56M1.6%
Top 3 weight
19.8%
Top 10 weight
57.8%
Voting Authority Distribution
Total shares with voting rights: 5.22M
Sole
Full voting authority
4.87M
shares
% of voting shares93.2%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
353.98K
shares
% of voting shares6.8%
Investment Discretion (by position count)
Sole42
Shared0
Other0
Dominant voting typeSole · 93.2% of voting shares
Institutional Holdings42
Rows:
ISHARES TR
SOLEShares451.62K
TypeSH
Market value$37.36M
7.88%
Sole
428.53K
Shared
0.00
None
23.09K
BERKLEY W R CORP
SOLEShares413.32K
TypeSH
Market value$29.41M
6.20%
Sole
393.31K
Shared
0.00
None
20K
FRANCO NEV CORP
SOLEShares172.83K
TypeSH
Market value$27.23M
5.74%
Sole
163.62K
Shared
0.00
None
9.21K
ROYAL GOLD INC
SOLEShares164.83K
TypeSH
Market value$26.95M
5.68%
Sole
156.24K
Shared
0.00
None
8.59K
ABBOTT LABS
SOLEShares197.44K
TypeSH
Market value$26.19M
5.52%
Sole
187.65K
Shared
0.00
None
9.79K
CME GROUP INC
SOLEShares98.16K
TypeSH
Market value$26.04M
5.49%
Sole
93.25K
Shared
0.00
None
4.91K
AUTOMATIC DATA PROCESSING IN
SOLEShares84.35K
TypeSH
Market value$25.77M
5.44%
Sole
80.43K
Shared
0.00
None
3.92K
VISA INC
SOLEShares73.01K
TypeSH
Market value$25.59M
5.40%
Sole
69.20K
Shared
0.00
None
3.81K
JOHNSON & JOHNSON
SOLEShares150.51K
TypeSH
Market value$24.96M
5.26%
Sole
142.91K
Shared
0.00
None
7.59K
MASTERCARD INCORPORATED
SOLEShares44.30K
TypeSH
Market value$24.28M
5.12%
Sole
42.04K
Shared
0.00
None
2.26K
AMAZON COM INC
SOLEShares126.61K
TypeSH
Market value$24.09M
5.08%
Sole
120.15K
Shared
0.00
None
6.46K
ENBRIDGE INC
SOLEShares517.93K
TypeSH
Market value$22.95M
4.84%
Sole
491.59K
Shared
0.00
None
26.34K
BROOKFIELD CORP
SOLEShares434.20K
TypeSH
Market value$22.76M
4.80%
Sole
412.06K
Shared
0.00
None
22.14K
SCHLUMBERGER LTD
SOLEShares530.24K
TypeSH
Market value$22.16M
4.68%
Sole
502.58K
Shared
0.00
None
27.65K
BROOKFIELD ASSET MANAGMT LTD
SOLEShares450.28K
TypeSH
Market value$21.82M
4.60%
Sole
427.21K
Shared
0.00
None
23.07K
ALPHABET INC
SOLEShares137.41K
TypeSH
Market value$21.25M
4.48%
Sole
130.78K
Shared
0.00
None
6.63K
PFIZER INC
SOLEShares784.47K
TypeSH
Market value$19.88M
4.19%
Sole
743.54K
Shared
0.00
None
40.93K
BERKSHIRE HATHAWAY INC DEL
SOLEShares17.00
TypeSH
Market value$13.57M
2.86%
Sole
17.00
Shared
0.00
None
0.00
CLOROX CO DEL
SOLEShares75.11K
TypeSH
Market value$11.06M
2.33%
Sole
75.11K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares8.99K
TypeSH
Market value$4.79M
1.01%
Sole
7.27K
Shared
0.00
None
1.72K
APPLE INC
SOLEShares13.06K
TypeSH
Market value$2.90M
0.61%
Sole
13.06K
Shared
0.00
None
0.00
US BANCORP DEL
SOLEShares54.84K
TypeSH
Market value$2.32M
0.49%
Sole
54.84K
Shared
0.00
None
0.00
COCA COLA CO
SOLEShares16.85K
TypeSH
Market value$1.21M
0.25%
Sole
16.85K
Shared
0.00
None
0.00
MFA FINL INC
SOLEShares103.22K
TypeSH
Market value$1.06M
0.22%
Sole
76.28K
Shared
0.00
None
26.95K
MICROSOFT CORP
SOLEShares2.48K
TypeSH
Market value$931.8K
0.20%
Sole
2.28K
Shared
0.00
None
202.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | 1 3 YR TREAS BD | 451.62K | SH | $37.36M 7.88% | 428.53K | 0.00 | 23.09K |
BERKLEY W R CORPSOLE | COM | 413.32K | SH | $29.41M 6.20% | 393.31K | 0.00 | 20K |
FRANCO NEV CORPSOLE | COM | 172.83K | SH | $27.23M 5.74% | 163.62K | 0.00 | 9.21K |
ROYAL GOLD INCSOLE | COM | 164.83K | SH | $26.95M 5.68% | 156.24K | 0.00 | 8.59K |
ABBOTT LABSSOLE | COM | 197.44K | SH | $26.19M 5.52% | 187.65K | 0.00 | 9.79K |
CME GROUP INCSOLE | COM | 98.16K | SH | $26.04M 5.49% | 93.25K | 0.00 | 4.91K |
AUTOMATIC DATA PROCESSING INSOLE | COM | 84.35K | SH | $25.77M 5.44% | 80.43K | 0.00 | 3.92K |
VISA INCSOLE | COM CL A | 73.01K | SH | $25.59M 5.40% | 69.20K | 0.00 | 3.81K |
JOHNSON & JOHNSONSOLE | COM | 150.51K | SH | $24.96M 5.26% | 142.91K | 0.00 | 7.59K |
MASTERCARD INCORPORATEDSOLE | CL A | 44.30K | SH | $24.28M 5.12% | 42.04K | 0.00 | 2.26K |
AMAZON COM INCSOLE | COM | 126.61K | SH | $24.09M 5.08% | 120.15K | 0.00 | 6.46K |
ENBRIDGE INCSOLE | COM | 517.93K | SH | $22.95M 4.84% | 491.59K | 0.00 | 26.34K |
BROOKFIELD CORPSOLE | CL A LTD VT SH | 434.20K | SH | $22.76M 4.80% | 412.06K | 0.00 | 22.14K |
SCHLUMBERGER LTDSOLE | COM STK | 530.24K | SH | $22.16M 4.68% | 502.58K | 0.00 | 27.65K |
BROOKFIELD ASSET MANAGMT LTDSOLE | CL A LMT VTG SHS | 450.28K | SH | $21.82M 4.60% | 427.21K | 0.00 | 23.07K |
ALPHABET INCSOLE | CAP STK CL A | 137.41K | SH | $21.25M 4.48% | 130.78K | 0.00 | 6.63K |
PFIZER INCSOLE | COM | 784.47K | SH | $19.88M 4.19% | 743.54K | 0.00 | 40.93K |
BERKSHIRE HATHAWAY INC DELSOLE | CL A | 17.00 | SH | $13.57M 2.86% | 17.00 | 0.00 | 0.00 |
CLOROX CO DELSOLE | COM | 75.11K | SH | $11.06M 2.33% | 75.11K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 8.99K | SH | $4.79M 1.01% | 7.27K | 0.00 | 1.72K |
APPLE INCSOLE | COM | 13.06K | SH | $2.90M 0.61% | 13.06K | 0.00 | 0.00 |
US BANCORP DELSOLE | COM NEW | 54.84K | SH | $2.32M 0.49% | 54.84K | 0.00 | 0.00 |
COCA COLA COSOLE | COM | 16.85K | SH | $1.21M 0.25% | 16.85K | 0.00 | 0.00 |
MFA FINL INCSOLE | COM | 103.22K | SH | $1.06M 0.22% | 76.28K | 0.00 | 26.95K |
MICROSOFT CORPSOLE | COM | 2.48K | SH | $931.8K 0.20% | 2.28K | 0.00 | 202.00 |
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