Filed: 2/9/2026ACC: 0001308778-26-000002
📋 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 $549.11M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
42
Positions
$549.11M
Total AUM (reported)
5.75M
Total Shares
Allocation by class
COM$341.65M62.2%
1 3 YR TREAS BD$41.85M7.6%
CAP STK CL A$33.11M6.0%
CL A$31.76M5.8%
CL A LTD VT SH$28.34M5.2%
COM CL A$25.54M4.7%
COM STK$22.27M4.1%
Portfolio Concentration
Top 3$107.29M19.5%
4–10$200.66M36.5%
11–25$231.33M42.1%
Rest$9.83M1.8%
Top 3 weight
19.5%
Top 10 weight
56.1%
Voting Authority Distribution
Total shares with voting rights: 5.75M
Sole
Full voting authority
5.53M
shares
% of voting shares96.2%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
219.21K
shares
% of voting shares3.8%
Investment Discretion (by position count)
Sole42
Shared0
Other0
Dominant voting typeSole · 96.2% of voting shares
Institutional Holdings42
Rows:
ISHARES TR
SOLEShares505.36K
TypeSH
Market value$41.85M
7.62%
Sole
491.56K
Shared
0.00
None
13.80K
ALPHABET INC
SOLEShares105.77K
TypeSH
Market value$33.11M
6.03%
Sole
101.79K
Shared
0.00
None
3.98K
ROYAL GOLD INC
SOLEShares145.42K
TypeSH
Market value$32.33M
5.89%
Sole
139.82K
Shared
0.00
None
5.60K
THERMO FISHER SCIENTIFIC INC
SOLEShares53.30K
TypeSH
Market value$30.88M
5.62%
Sole
51.34K
Shared
0.00
None
1.96K
FRANCO NEV CORP
SOLEShares146.44K
TypeSH
Market value$30.35M
5.53%
Sole
140.65K
Shared
0.00
None
5.79K
JOHNSON & JOHNSON
SOLEShares145.66K
TypeSH
Market value$30.14M
5.49%
Sole
140.24K
Shared
0.00
None
5.42K
BROOKFIELD CORP
SOLEShares617.48K
TypeSH
Market value$28.34M
5.16%
Sole
593K
Shared
0.00
None
24.48K
AMAZON COM INC
SOLEShares121.97K
TypeSH
Market value$28.15M
5.13%
Sole
117.60K
Shared
0.00
None
4.36K
BERKLEY W R CORP
SOLEShares379.39K
TypeSH
Market value$26.60M
4.84%
Sole
366.10K
Shared
0.00
None
13.29K
CME GROUP INC
SOLEShares95.88K
TypeSH
Market value$26.18M
4.77%
Sole
92.50K
Shared
0.00
None
3.38K
VISA INC
SOLEShares72.84K
TypeSH
Market value$25.54M
4.65%
Sole
70.08K
Shared
0.00
None
2.76K
MASTERCARD INCORPORATED
SOLEShares44.54K
TypeSH
Market value$25.43M
4.63%
Sole
42.83K
Shared
0.00
None
1.71K
ENBRIDGE INC
SOLEShares524.04K
TypeSH
Market value$25.06M
4.56%
Sole
504.10K
Shared
0.00
None
19.94K
FISERV INC
SOLEShares372.98K
TypeSH
Market value$25.05M
4.56%
Sole
360.02K
Shared
0.00
None
12.96K
ABBOTT LABS
SOLEShares199.16K
TypeSH
Market value$24.95M
4.54%
Sole
192.07K
Shared
0.00
None
7.08K
SLB LIMITED
SOLEShares580.38K
TypeSH
Market value$22.27M
4.06%
Sole
559.33K
Shared
0.00
None
21.05K
AUTOMATIC DATA PROCESSING IN
SOLEShares86.24K
TypeSH
Market value$22.18M
4.04%
Sole
83.25K
Shared
0.00
None
2.99K
PFIZER INC
SOLEShares834.81K
TypeSH
Market value$20.79M
3.79%
Sole
803.88K
Shared
0.00
None
30.93K
BROOKFIELD ASSET MANAGMT LTD
SOLEShares290.52K
TypeSH
Market value$15.22M
2.77%
Sole
277.65K
Shared
0.00
None
12.88K
CLOROX CO DEL
SOLEShares75.11K
TypeSH
Market value$7.57M
1.38%
Sole
75.11K
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares8.00
TypeSH
Market value$6.04M
1.10%
Sole
8.00
Shared
0.00
None
0.00
BERKSHIRE HATHAWAY INC DEL
SOLEShares9.65K
TypeSH
Market value$4.85M
0.88%
Sole
8.15K
Shared
0.00
None
1.50K
US BANCORP DEL
SOLEShares54.84K
TypeSH
Market value$2.93M
0.53%
Sole
54.84K
Shared
0.00
None
0.00
APPLE INC
SOLEShares8.30K
TypeSH
Market value$2.26M
0.41%
Sole
8.30K
Shared
0.00
None
0.00
COCA COLA CO
SOLEShares16.85K
TypeSH
Market value$1.18M
0.21%
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 | 505.36K | SH | $41.85M 7.62% | 491.56K | 0.00 | 13.80K |
ALPHABET INCSOLE | CAP STK CL A | 105.77K | SH | $33.11M 6.03% | 101.79K | 0.00 | 3.98K |
ROYAL GOLD INCSOLE | COM | 145.42K | SH | $32.33M 5.89% | 139.82K | 0.00 | 5.60K |
THERMO FISHER SCIENTIFIC INCSOLE | COM | 53.30K | SH | $30.88M 5.62% | 51.34K | 0.00 | 1.96K |
FRANCO NEV CORPSOLE | COM | 146.44K | SH | $30.35M 5.53% | 140.65K | 0.00 | 5.79K |
JOHNSON & JOHNSONSOLE | COM | 145.66K | SH | $30.14M 5.49% | 140.24K | 0.00 | 5.42K |
BROOKFIELD CORPSOLE | CL A LTD VT SH | 617.48K | SH | $28.34M 5.16% | 593K | 0.00 | 24.48K |
AMAZON COM INCSOLE | COM | 121.97K | SH | $28.15M 5.13% | 117.60K | 0.00 | 4.36K |
BERKLEY W R CORPSOLE | COM | 379.39K | SH | $26.60M 4.84% | 366.10K | 0.00 | 13.29K |
CME GROUP INCSOLE | COM | 95.88K | SH | $26.18M 4.77% | 92.50K | 0.00 | 3.38K |
VISA INCSOLE | COM CL A | 72.84K | SH | $25.54M 4.65% | 70.08K | 0.00 | 2.76K |
MASTERCARD INCORPORATEDSOLE | CL A | 44.54K | SH | $25.43M 4.63% | 42.83K | 0.00 | 1.71K |
ENBRIDGE INCSOLE | COM | 524.04K | SH | $25.06M 4.56% | 504.10K | 0.00 | 19.94K |
FISERV INCSOLE | COM | 372.98K | SH | $25.05M 4.56% | 360.02K | 0.00 | 12.96K |
ABBOTT LABSSOLE | COM | 199.16K | SH | $24.95M 4.54% | 192.07K | 0.00 | 7.08K |
SLB LIMITEDSOLE | COM STK | 580.38K | SH | $22.27M 4.06% | 559.33K | 0.00 | 21.05K |
AUTOMATIC DATA PROCESSING INSOLE | COM | 86.24K | SH | $22.18M 4.04% | 83.25K | 0.00 | 2.99K |
PFIZER INCSOLE | COM | 834.81K | SH | $20.79M 3.79% | 803.88K | 0.00 | 30.93K |
BROOKFIELD ASSET MANAGMT LTDSOLE | CL A LMT VTG SHS | 290.52K | SH | $15.22M 2.77% | 277.65K | 0.00 | 12.88K |
CLOROX CO DELSOLE | COM | 75.11K | SH | $7.57M 1.38% | 75.11K | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL A | 8.00 | SH | $6.04M 1.10% | 8.00 | 0.00 | 0.00 |
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 9.65K | SH | $4.85M 0.88% | 8.15K | 0.00 | 1.50K |
US BANCORP DELSOLE | COM NEW | 54.84K | SH | $2.93M 0.53% | 54.84K | 0.00 | 0.00 |
APPLE INCSOLE | COM | 8.30K | SH | $2.26M 0.41% | 8.30K | 0.00 | 0.00 |
COCA COLA COSOLE | COM | 16.85K | SH | $1.18M 0.21% | 16.85K | 0.00 | 0.00 |
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