Filed: 8/11/2025ACC: 0001308778-25-000004
📋 What this filing means
AMERICA FIRST INVESTMENT ADVISORS, LLC filed this quarterly 13F‑HR report disclosing 43 equity positions with a total reported market value of $501.41M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
43
Positions
$501.41M
Total AUM (reported)
5.31M
Total Shares
Allocation by class
COM$297.46M59.3%
1 3 YR TREAS BD$37.52M7.5%
CL A$37.30M7.4%
CL A LTD VT SH$26.62M5.3%
COM CL A$25.34M5.1%
CL A LMT VTG SHS$24.61M4.9%
CAP STK CL A$24.26M4.8%
Portfolio Concentration
Top 3$93.47M18.6%
4–10$184.41M36.8%
11–25$214.16M42.7%
Rest$9.37M1.9%
Top 3 weight
18.6%
Top 10 weight
55.4%
Voting Authority Distribution
Total shares with voting rights: 5.31M
Sole
Full voting authority
4.96M
shares
% of voting shares93.3%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
356.56K
shares
% of voting shares6.7%
Investment Discretion (by position count)
Sole43
Shared0
Other0
Dominant voting typeSole · 93.3% of voting shares
Institutional Holdings43
Rows:
ISHARES TR
SOLEShares452.82K
TypeSH
Market value$37.52M
7.48%
Sole
430.21K
Shared
0.00
None
22.61K
BERKLEY W R CORP
SOLEShares385.56K
TypeSH
Market value$28.33M
5.65%
Sole
366.95K
Shared
0.00
None
18.61K
ROYAL GOLD INC
SOLEShares155.32K
TypeSH
Market value$27.62M
5.51%
Sole
147.50K
Shared
0.00
None
7.82K
AMAZON COM INC
SOLEShares124.30K
TypeSH
Market value$27.27M
5.44%
Sole
117.92K
Shared
0.00
None
6.38K
FRANCO NEV CORP
SOLEShares165.07K
TypeSH
Market value$27.06M
5.40%
Sole
156.81K
Shared
0.00
None
8.27K
BROOKFIELD CORP
SOLEShares430.46K
TypeSH
Market value$26.62M
5.31%
Sole
408.45K
Shared
0.00
None
22.01K
ABBOTT LABS
SOLEShares195.11K
TypeSH
Market value$26.54M
5.29%
Sole
185.62K
Shared
0.00
None
9.49K
CME GROUP INC
SOLEShares95.16K
TypeSH
Market value$26.23M
5.23%
Sole
90.58K
Shared
0.00
None
4.58K
AUTOMATIC DATA PROCESSING IN
SOLEShares82.21K
TypeSH
Market value$25.35M
5.06%
Sole
78.31K
Shared
0.00
None
3.90K
VISA INC
SOLEShares71.37K
TypeSH
Market value$25.34M
5.05%
Sole
67.71K
Shared
0.00
None
3.66K
BROOKFIELD ASSET MANAGMT LTD
SOLEShares445.22K
TypeSH
Market value$24.61M
4.91%
Sole
422.73K
Shared
0.00
None
22.49K
MASTERCARD INCORPORATED
SOLEShares43.77K
TypeSH
Market value$24.60M
4.91%
Sole
41.53K
Shared
0.00
None
2.24K
ALPHABET INC
SOLEShares137.67K
TypeSH
Market value$24.26M
4.84%
Sole
131.07K
Shared
0.00
None
6.60K
ENBRIDGE INC
SOLEShares516.67K
TypeSH
Market value$23.42M
4.67%
Sole
489.97K
Shared
0.00
None
26.70K
JOHNSON & JOHNSON
SOLEShares150.76K
TypeSH
Market value$23.03M
4.59%
Sole
143.08K
Shared
0.00
None
7.68K
THERMO FISHER SCIENTIFIC INC
SOLEShares55.90K
TypeSH
Market value$22.67M
4.52%
Sole
53K
Shared
0.00
None
2.90K
PFIZER INC
SOLEShares796.84K
TypeSH
Market value$19.32M
3.85%
Sole
752.80K
Shared
0.00
None
44.04K
SCHLUMBERGER LTD
SOLEShares556.76K
TypeSH
Market value$18.82M
3.75%
Sole
526.87K
Shared
0.00
None
29.89K
BERKSHIRE HATHAWAY INC DEL
SOLEShares17.00
TypeSH
Market value$12.39M
2.47%
Sole
17.00
Shared
0.00
None
0.00
CLOROX CO DEL
SOLEShares75.11K
TypeSH
Market value$9.02M
1.80%
Sole
75.11K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares8.90K
TypeSH
Market value$4.32M
0.86%
Sole
7.39K
Shared
0.00
None
1.51K
APPLE INC
SOLEShares13.06K
TypeSH
Market value$2.68M
0.53%
Sole
13.06K
Shared
0.00
None
0.00
US BANCORP DEL
SOLEShares54.84K
TypeSH
Market value$2.48M
0.49%
Sole
54.84K
Shared
0.00
None
0.00
GREYSTONE HOUSING IMPACT INV
SOLEShares120.19K
TypeSH
Market value$1.36M
0.27%
Sole
64.15K
Shared
0.00
None
56.04K
COCA COLA CO
SOLEShares16.85K
TypeSH
Market value$1.19M
0.24%
Sole
16.85K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | 1 3 YR TREAS BD | 452.82K | SH | $37.52M 7.48% | 430.21K | 0.00 | 22.61K |
BERKLEY W R CORPSOLE | COM | 385.56K | SH | $28.33M 5.65% | 366.95K | 0.00 | 18.61K |
ROYAL GOLD INCSOLE | COM | 155.32K | SH | $27.62M 5.51% | 147.50K | 0.00 | 7.82K |
AMAZON COM INCSOLE | COM | 124.30K | SH | $27.27M 5.44% | 117.92K | 0.00 | 6.38K |
FRANCO NEV CORPSOLE | COM | 165.07K | SH | $27.06M 5.40% | 156.81K | 0.00 | 8.27K |
BROOKFIELD CORPSOLE | CL A LTD VT SH | 430.46K | SH | $26.62M 5.31% | 408.45K | 0.00 | 22.01K |
ABBOTT LABSSOLE | COM | 195.11K | SH | $26.54M 5.29% | 185.62K | 0.00 | 9.49K |
CME GROUP INCSOLE | COM | 95.16K | SH | $26.23M 5.23% | 90.58K | 0.00 | 4.58K |
AUTOMATIC DATA PROCESSING INSOLE | COM | 82.21K | SH | $25.35M 5.06% | 78.31K | 0.00 | 3.90K |
VISA INCSOLE | COM CL A | 71.37K | SH | $25.34M 5.05% | 67.71K | 0.00 | 3.66K |
BROOKFIELD ASSET MANAGMT LTDSOLE | CL A LMT VTG SHS | 445.22K | SH | $24.61M 4.91% | 422.73K | 0.00 | 22.49K |
MASTERCARD INCORPORATEDSOLE | CL A | 43.77K | SH | $24.60M 4.91% | 41.53K | 0.00 | 2.24K |
ALPHABET INCSOLE | CAP STK CL A | 137.67K | SH | $24.26M 4.84% | 131.07K | 0.00 | 6.60K |
ENBRIDGE INCSOLE | COM | 516.67K | SH | $23.42M 4.67% | 489.97K | 0.00 | 26.70K |
JOHNSON & JOHNSONSOLE | COM | 150.76K | SH | $23.03M 4.59% | 143.08K | 0.00 | 7.68K |
THERMO FISHER SCIENTIFIC INCSOLE | COM | 55.90K | SH | $22.67M 4.52% | 53K | 0.00 | 2.90K |
PFIZER INCSOLE | COM | 796.84K | SH | $19.32M 3.85% | 752.80K | 0.00 | 44.04K |
SCHLUMBERGER LTDSOLE | COM STK | 556.76K | SH | $18.82M 3.75% | 526.87K | 0.00 | 29.89K |
BERKSHIRE HATHAWAY INC DELSOLE | CL A | 17.00 | SH | $12.39M 2.47% | 17.00 | 0.00 | 0.00 |
CLOROX CO DELSOLE | COM | 75.11K | SH | $9.02M 1.80% | 75.11K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 8.90K | SH | $4.32M 0.86% | 7.39K | 0.00 | 1.51K |
APPLE INCSOLE | COM | 13.06K | SH | $2.68M 0.53% | 13.06K | 0.00 | 0.00 |
US BANCORP DELSOLE | COM NEW | 54.84K | SH | $2.48M 0.49% | 54.84K | 0.00 | 0.00 |
GREYSTONE HOUSING IMPACT INVSOLE | BEN UNIT CTF | 120.19K | SH | $1.36M 0.27% | 64.15K | 0.00 | 56.04K |
COCA COLA COSOLE | COM | 16.85K | SH | $1.19M 0.24% | 16.85K | 0.00 | 0.00 |
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