AMERICA FIRST INVESTMENT ADVISORS, LLC

PrivateCIK: 1308778

Location

OMAHA, NE

Positions

$536.47M

Total AUM (reported)

5.70M

Total Shares

Allocation by class

COM$336.25M62.7%

1 3 YR TREAS BD$44.34M8.3%

CAP STK CL A$29.68M5.5%

COM STK$29.44M5.5%

CL A$28.51M5.3%

CL A LTD VT SH$24.93M4.6%

COM CL A$22.10M4.1%

Portfolio Concentration

Top 3$108.29M20.2%

4–10$192.97M36.0%

11–25$225.26M42.0%

Rest$9.96M1.9%

Top 3 weight

20.2%

Top 10 weight

56.2%

Voting Authority Distribution

Total shares with voting rights: 5.70M

Sole

Full voting authority

5.49M

% of voting shares96.3%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

213.11K

% of voting shares3.7%

Investment Discretion (by position count)

Sole41

Shared0

Other0

Dominant voting typeSole · 96.3% of voting shares

Institutional Holdings41

Rows:

ISHARES TR

SOLE

1 3 YR TREAS BD

Shares537.04K

TypeSH

Market value$44.34M

8.27%

Sole

519.41K

Shared

0.00

None

17.62K

JOHNSON & JOHNSON

SOLE

COM

Shares140.16K

TypeSH

Market value$34.26M

6.39%

Sole

135.64K

Shared

0.00

None

4.52K

ALPHABET INC

SOLE

CAP STK CL A

Shares103.22K

TypeSH

Market value$29.68M

5.53%

Sole

100.06K

Shared

0.00

None

3.16K

SLB LIMITED

SOLE

COM STK

Shares572.79K

TypeSH

Market value$29.44M

5.49%

Sole

553.36K

Shared

0.00

None

19.43K

ENBRIDGE INC

SOLE

COM

Shares522.26K

TypeSH

Market value$28.28M

5.27%

Sole

503.59K

Shared

0.00

None

18.67K

FRANCO NEV CORP

SOLE

COM

Shares113.86K

TypeSH

Market value$28.13M

5.24%

Sole

109.81K

Shared

0.00

None

4.06K

CME GROUP INC

SOLE

COM

Shares95.10K

TypeSH

Market value$28.09M

5.24%

Sole

91.94K

Shared

0.00

None

3.16K

ROYAL GOLD INC

SOLE

COM

Shares107.27K

TypeSH

Market value$27.30M

5.09%

Sole

103.45K

Shared

0.00

None

3.82K

THERMO FISHER SCIENTIFIC INC

SOLE

COM

Shares52.83K

TypeSH

Market value$25.97M

4.84%

Sole

50.91K

Shared

0.00

None

1.92K

AMAZON COM INC

SOLE

COM

Shares123.77K

TypeSH

Market value$25.78M

4.81%

Sole

119.57K

Shared

0.00

None

4.20K

PFIZER INC

SOLE

COM

Shares898.15K

TypeSH

Market value$25.22M

4.70%

Sole

865.28K

Shared

0.00

None

32.87K

BERKLEY W R CORP

SOLE

COM

Shares380.33K

TypeSH

Market value$25.21M

4.70%

Sole

367.23K

Shared

0.00

None

13.11K

BROOKFIELD CORP

SOLE

CL A LTD VT SH

Shares616K

TypeSH

Market value$24.93M

4.65%

Sole

593.51K

Shared

0.00

None

22.48K

AUTOMATIC DATA PROCESSING IN

SOLE

COM

Shares114.52K

TypeSH

Market value$23.27M

4.34%

Sole

110.42K

Shared

0.00

None

4.11K

ABBOTT LABORATORIES

SOLE

COM

Shares221.54K

TypeSH

Market value$22.75M

4.24%

Sole

213.89K

Shared

0.00

None

7.65K

FISERV INC

SOLE

COM

Shares401.39K

TypeSH

Market value$22.40M

4.17%

Sole

387K

Shared

0.00

None

14.39K

MASTERCARD INCORPORATED

SOLE

CL A

Shares44.69K

TypeSH

Market value$22.33M

4.16%

Sole

43.05K

Shared

0.00

None

1.63K

VISA INC

SOLE

COM CL A

Shares73.12K

TypeSH

Market value$22.10M

4.12%

Sole

70.45K

Shared

0.00

None

2.67K

BROOKFIELD ASSET MANAGMT LTD

SOLE

CL A LMT VTG SHS

Shares284.95K

TypeSH

Market value$12.67M

2.36%

Sole

274.78K

Shared

0.00

None

10.17K

CLOROX CO DEL

SOLE

COM

Shares75.11K

TypeSH

Market value$7.78M

1.45%

Sole

75.11K

Shared

0.00

None

0.00

BERKSHIRE HATHAWAY INC DEL

SOLE

CL A

Shares8.00

TypeSH

Market value$5.75M

1.07%

Sole

8.00

Shared

0.00

None

0.00

BERKSHIRE HATHAWAY INC DEL

SOLE

CL B NEW

Shares9.65K

TypeSH

Market value$4.63M

0.86%

Sole

8.15K

Shared

0.00

None

1.50K

US BANCORP

SOLE

COM NEW

Shares54.84K

TypeSH

Market value$2.85M

0.53%

Sole

54.84K

Shared

0.00

None

0.00

APPLE INC

SOLE

COM

Shares8.30K

TypeSH

Market value$2.11M

0.39%

Sole

8.30K

Shared

0.00

None

0.00

COCA COLA CO

SOLE

COM

Shares16.85K

TypeSH

Market value$1.28M

0.24%

Sole

16.85K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole	None
ISHARES TRSOLE	1 3 YR TREAS BD	537.04K	SH	$44.34M 8.27%	519.41K	17.62K
JOHNSON & JOHNSONSOLE	COM	140.16K	SH	$34.26M 6.39%	135.64K	4.52K
ALPHABET INCSOLE	CAP STK CL A	103.22K	SH	$29.68M 5.53%	100.06K	3.16K
SLB LIMITEDSOLE	COM STK	572.79K	SH	$29.44M 5.49%	553.36K	19.43K
ENBRIDGE INCSOLE	COM	522.26K	SH	$28.28M 5.27%	503.59K	18.67K
FRANCO NEV CORPSOLE	COM	113.86K	SH	$28.13M 5.24%	109.81K	4.06K
CME GROUP INCSOLE	COM	95.10K	SH	$28.09M 5.24%	91.94K	3.16K
ROYAL GOLD INCSOLE	COM	107.27K	SH	$27.30M 5.09%	103.45K	3.82K
THERMO FISHER SCIENTIFIC INCSOLE	COM	52.83K	SH	$25.97M 4.84%	50.91K	1.92K
AMAZON COM INCSOLE	COM	123.77K	SH	$25.78M 4.81%	119.57K	4.20K
PFIZER INCSOLE	COM	898.15K	SH	$25.22M 4.70%	865.28K	32.87K
BERKLEY W R CORPSOLE	COM	380.33K	SH	$25.21M 4.70%	367.23K	13.11K
BROOKFIELD CORPSOLE	CL A LTD VT SH	616K	SH	$24.93M 4.65%	593.51K	22.48K
AUTOMATIC DATA PROCESSING INSOLE	COM	114.52K	SH	$23.27M 4.34%	110.42K	4.11K
ABBOTT LABORATORIESSOLE	COM	221.54K	SH	$22.75M 4.24%	213.89K	7.65K
FISERV INCSOLE	COM	401.39K	SH	$22.40M 4.17%	387K	14.39K
MASTERCARD INCORPORATEDSOLE	CL A	44.69K	SH	$22.33M 4.16%	43.05K	1.63K
VISA INCSOLE	COM CL A	73.12K	SH	$22.10M 4.12%	70.45K	2.67K
BROOKFIELD ASSET MANAGMT LTDSOLE	CL A LMT VTG SHS	284.95K	SH	$12.67M 2.36%	274.78K	10.17K
CLOROX CO DELSOLE	COM	75.11K	SH	$7.78M 1.45%	75.11K	0.00
BERKSHIRE HATHAWAY INC DELSOLE	CL A	8.00	SH	$5.75M 1.07%	8.00	0.00
BERKSHIRE HATHAWAY INC DELSOLE	CL B NEW	9.65K	SH	$4.63M 0.86%	8.15K	1.50K
US BANCORPSOLE	COM NEW	54.84K	SH	$2.85M 0.53%	54.84K	0.00
APPLE INCSOLE	COM	8.30K	SH	$2.11M 0.39%	8.30K	0.00
COCA COLA COSOLE	COM	16.85K	SH	$1.28M 0.24%	16.85K	0.00

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