Filed: 11/10/2025ACC: 0001308778-25-000010
📋 What this filing means
AMERICA FIRST INVESTMENT ADVISORS, LLC filed this quarterly 13F‑HR report disclosing 44 equity positions with a total reported market value of $538.29M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
44
Positions
$538.29M
Total AUM (reported)
5.35M
Total Shares
Allocation by class
COM$321.45M59.7%
1 3 YR TREAS BD$38.98M7.2%
CL A$37.28M6.9%
CAP STK CL A$32.56M6.0%
CL A LTD VT SH$28.59M5.3%
CL A LMT VTG SHS$25.14M4.7%
COM CL A$24.41M4.5%
Portfolio Concentration
Top 3$106.74M19.8%
4–10$196.27M36.5%
11–25$225.08M41.8%
Rest$10.20M1.9%
Top 3 weight
19.8%
Top 10 weight
56.3%
Voting Authority Distribution
Total shares with voting rights: 5.35M
Sole
Full voting authority
5.14M
shares
% of voting shares96.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
216.25K
shares
% of voting shares4.0%
Investment Discretion (by position count)
Sole44
Shared0
Other0
Dominant voting typeSole · 96.0% of voting shares
Institutional Holdings44
Rows:
ISHARES TR
SOLEShares469.85K
TypeSH
Market value$38.98M
7.24%
Sole
452.67K
Shared
0.00
None
17.18K
FRANCO NEV CORP
SOLEShares157.94K
TypeSH
Market value$35.21M
6.54%
Sole
152.01K
Shared
0.00
None
5.92K
ALPHABET INC
SOLEShares133.93K
TypeSH
Market value$32.56M
6.05%
Sole
129.22K
Shared
0.00
None
4.71K
ROYAL GOLD INC
SOLEShares153.35K
TypeSH
Market value$30.76M
5.71%
Sole
147.64K
Shared
0.00
None
5.71K
BERKLEY W R CORP
SOLEShares379.65K
TypeSH
Market value$29.09M
5.40%
Sole
366.23K
Shared
0.00
None
13.42K
BROOKFIELD CORP
SOLEShares416.85K
TypeSH
Market value$28.59M
5.31%
Sole
400.47K
Shared
0.00
None
16.38K
JOHNSON & JOHNSON
SOLEShares149.68K
TypeSH
Market value$27.75M
5.16%
Sole
144.01K
Shared
0.00
None
5.67K
THERMO FISHER SCIENTIFIC INC
SOLEShares55.72K
TypeSH
Market value$27.03M
5.02%
Sole
53.62K
Shared
0.00
None
2.10K
AMAZON COM INC
SOLEShares122.36K
TypeSH
Market value$26.87M
4.99%
Sole
117.96K
Shared
0.00
None
4.40K
ABBOTT LABS
SOLEShares195.50K
TypeSH
Market value$26.18M
4.86%
Sole
188.47K
Shared
0.00
None
7.03K
ENBRIDGE INC
SOLEShares516.78K
TypeSH
Market value$26.08M
4.84%
Sole
496.85K
Shared
0.00
None
19.93K
CME GROUP INC
SOLEShares94.66K
TypeSH
Market value$25.58M
4.75%
Sole
91.27K
Shared
0.00
None
3.39K
BROOKFIELD ASSET MANAGMT LTD
SOLEShares441.47K
TypeSH
Market value$25.14M
4.67%
Sole
425.14K
Shared
0.00
None
16.33K
MASTERCARD INCORPORATED
SOLEShares43.75K
TypeSH
Market value$24.88M
4.62%
Sole
42.05K
Shared
0.00
None
1.70K
VISA INC
SOLEShares71.50K
TypeSH
Market value$24.41M
4.53%
Sole
68.75K
Shared
0.00
None
2.74K
AUTOMATIC DATA PROCESSING IN
SOLEShares82.51K
TypeSH
Market value$24.22M
4.50%
Sole
79.57K
Shared
0.00
None
2.94K
PFIZER INC
SOLEShares805.02K
TypeSH
Market value$20.51M
3.81%
Sole
774.17K
Shared
0.00
None
30.84K
SCHLUMBERGER LTD
SOLEShares563.10K
TypeSH
Market value$19.35M
3.60%
Sole
542.14K
Shared
0.00
None
20.96K
BERKSHIRE HATHAWAY INC DEL
SOLEShares16.00
TypeSH
Market value$12.07M
2.24%
Sole
16.00
Shared
0.00
None
0.00
CLOROX CO DEL
SOLEShares75.11K
TypeSH
Market value$9.26M
1.72%
Sole
75.11K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares10.20K
TypeSH
Market value$5.13M
0.95%
Sole
8.69K
Shared
0.00
None
1.51K
APPLE INC
SOLEShares13.08K
TypeSH
Market value$3.33M
0.62%
Sole
13.08K
Shared
0.00
None
0.00
US BANCORP DEL
SOLEShares54.84K
TypeSH
Market value$2.65M
0.49%
Sole
54.84K
Shared
0.00
None
0.00
GREYSTONE HOUSING IMPACT INV
SOLEShares120.19K
TypeSH
Market value$1.24M
0.23%
Sole
118.81K
Shared
0.00
None
1.38K
MICROSOFT CORP
SOLEShares2.39K
TypeSH
Market value$1.24M
0.23%
Sole
2.19K
Shared
0.00
None
203.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
ISHARES TRSOLE | 1 3 YR TREAS BD | 469.85K | SH | $38.98M 7.24% | 452.67K | 0.00 | 17.18K |
FRANCO NEV CORPSOLE | COM | 157.94K | SH | $35.21M 6.54% | 152.01K | 0.00 | 5.92K |
ALPHABET INCSOLE | CAP STK CL A | 133.93K | SH | $32.56M 6.05% | 129.22K | 0.00 | 4.71K |
ROYAL GOLD INCSOLE | COM | 153.35K | SH | $30.76M 5.71% | 147.64K | 0.00 | 5.71K |
BERKLEY W R CORPSOLE | COM | 379.65K | SH | $29.09M 5.40% | 366.23K | 0.00 | 13.42K |
BROOKFIELD CORPSOLE | CL A LTD VT SH | 416.85K | SH | $28.59M 5.31% | 400.47K | 0.00 | 16.38K |
JOHNSON & JOHNSONSOLE | COM | 149.68K | SH | $27.75M 5.16% | 144.01K | 0.00 | 5.67K |
THERMO FISHER SCIENTIFIC INCSOLE | COM | 55.72K | SH | $27.03M 5.02% | 53.62K | 0.00 | 2.10K |
AMAZON COM INCSOLE | COM | 122.36K | SH | $26.87M 4.99% | 117.96K | 0.00 | 4.40K |
ABBOTT LABSSOLE | COM | 195.50K | SH | $26.18M 4.86% | 188.47K | 0.00 | 7.03K |
ENBRIDGE INCSOLE | COM | 516.78K | SH | $26.08M 4.84% | 496.85K | 0.00 | 19.93K |
CME GROUP INCSOLE | COM | 94.66K | SH | $25.58M 4.75% | 91.27K | 0.00 | 3.39K |
BROOKFIELD ASSET MANAGMT LTDSOLE | CL A LMT VTG SHS | 441.47K | SH | $25.14M 4.67% | 425.14K | 0.00 | 16.33K |
MASTERCARD INCORPORATEDSOLE | CL A | 43.75K | SH | $24.88M 4.62% | 42.05K | 0.00 | 1.70K |
VISA INCSOLE | COM CL A | 71.50K | SH | $24.41M 4.53% | 68.75K | 0.00 | 2.74K |
AUTOMATIC DATA PROCESSING INSOLE | COM | 82.51K | SH | $24.22M 4.50% | 79.57K | 0.00 | 2.94K |
PFIZER INCSOLE | COM | 805.02K | SH | $20.51M 3.81% | 774.17K | 0.00 | 30.84K |
SCHLUMBERGER LTDSOLE | COM STK | 563.10K | SH | $19.35M 3.60% | 542.14K | 0.00 | 20.96K |
BERKSHIRE HATHAWAY INC DELSOLE | CL A | 16.00 | SH | $12.07M 2.24% | 16.00 | 0.00 | 0.00 |
CLOROX CO DELSOLE | COM | 75.11K | SH | $9.26M 1.72% | 75.11K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 10.20K | SH | $5.13M 0.95% | 8.69K | 0.00 | 1.51K |
APPLE INCSOLE | COM | 13.08K | SH | $3.33M 0.62% | 13.08K | 0.00 | 0.00 |
US BANCORP DELSOLE | COM NEW | 54.84K | SH | $2.65M 0.49% | 54.84K | 0.00 | 0.00 |
GREYSTONE HOUSING IMPACT INVSOLE | BEN UNIT CTF | 120.19K | SH | $1.24M 0.23% | 118.81K | 0.00 | 1.38K |
MICROSOFT CORPSOLE | COM | 2.39K | SH | $1.24M 0.23% | 2.19K | 0.00 | 203.00 |
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