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America First Investment Advisors, LLC

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13F filer, CIK 1308778, OMAHA, NE

America First Investment Advisors, LLC reported $538,291,210 across 44 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-10. Its ten largest share positions make up 56.29% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001308778-25-000010

Period
2025-09-30
Reported value
$538M
Holdings
44
Top 10 weight
56.29%
New
1
Sold out
0

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SHYadded+17,029$1.41M
BRK-Badded+1,304$656K
SLBadded+6,340$218K
PFEadded+8,176$208K
ZONEnew+57,471$116K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
FNVreduced-7,137-$1.59M
BNreduced-13,606-$933K
GOOGLreduced-3,739-$909K
BRK-Areduced-1-$754K
WRBreduced-5,917-$453K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001308778-25-000010, largest first. % of portfolio is the value over $538,291,210, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
SHYISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 415,403 shares; 2024Q4: 457,058 shares; 2025Q1: 451,616 shares; 2025Q2: 452,822 shares; 2025Q3: 469,851 shares 469,851$39M7.24%+17,029Timeline
FNVFRANCO NEV CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 161,765 shares; 2024Q4: 164,553 shares; 2025Q1: 172,827 shares; 2025Q2: 165,073 shares; 2025Q3: 157,936 shares 157,936$35.2M6.54%-7,137Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140,442 shares; 2024Q4: 137,531 shares; 2025Q1: 137,413 shares; 2025Q2: 137,672 shares; 2025Q3: 133,933 shares 133,933$32.6M6.05%-3,739Timeline
RGLDROYAL GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 163,669 shares; 2024Q4: 160,831 shares; 2025Q1: 164,830 shares; 2025Q2: 155,320 shares; 2025Q3: 153,348 shares 153,348$30.8M5.71%-1,972Timeline
WRBBERKLEY W R CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 424,128 shares; 2024Q4: 411,245 shares; 2025Q1: 413,318 shares; 2025Q2: 385,565 shares; 2025Q3: 379,648 shares 379,648$29.1M5.4%-5,917Timeline
BNBROOKFIELD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 464,389 shares; 2024Q4: 439,309 shares; 2025Q1: 434,199 shares; 2025Q2: 430,459 shares; 2025Q3: 416,853 shares 416,853$28.6M5.31%-13,606Timeline
JNJJOHNSON & JOHNSONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 126,437 shares; 2024Q4: 127,814 shares; 2025Q1: 150,508 shares; 2025Q2: 150,762 shares; 2025Q3: 149,681 shares 149,681$27.8M5.16%-1,081Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 55,901 shares; 2025Q3: 55,722 shares 55,722$27M5.02%-179Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 142,525 shares; 2024Q4: 130,118 shares; 2025Q1: 126,615 shares; 2025Q2: 124,295 shares; 2025Q3: 122,362 shares 122,362$26.9M4.99%-1,933Timeline
ABTABBOTT LABORATORIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 186,850 shares; 2024Q4: 186,791 shares; 2025Q1: 197,437 shares; 2025Q2: 195,110 shares; 2025Q3: 195,497 shares 195,497$26.2M4.86%+387Timeline
ENBENBRIDGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 519,689 shares; 2024Q4: 512,804 shares; 2025Q1: 517,934 shares; 2025Q2: 516,668 shares; 2025Q3: 516,782 shares 516,782$26.1M4.84%+114Timeline
CMECME GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 97,902 shares; 2024Q4: 96,717 shares; 2025Q1: 98,158 shares; 2025Q2: 95,161 shares; 2025Q3: 94,662 shares 94,662$25.6M4.75%-499Timeline
BAMBROOKFIELD ASSET MANAGMT LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 474,212 shares; 2024Q4: 449,356 shares; 2025Q1: 450,279 shares; 2025Q2: 445,219 shares; 2025Q3: 441,474 shares 441,474$25.1M4.67%-3,745Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 45,362 shares; 2024Q4: 44,281 shares; 2025Q1: 44,301 shares; 2025Q2: 43,769 shares; 2025Q3: 43,747 shares 43,747$24.9M4.62%-22Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,255 shares; 2024Q4: 74,018 shares; 2025Q1: 73,007 shares; 2025Q2: 71,366 shares; 2025Q3: 71,495 shares 71,495$24.4M4.53%+129Timeline
ADPAUTOMATIC DATA PROCESSING INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 88,129 shares; 2024Q4: 84,612 shares; 2025Q1: 84,352 shares; 2025Q2: 82,208 shares; 2025Q3: 82,512 shares 82,512$24.2M4.5%+304Timeline
PFEPFIZER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 650,254 shares; 2024Q4: 653,444 shares; 2025Q1: 784,467 shares; 2025Q2: 796,840 shares; 2025Q3: 805,016 shares 805,016$20.5M3.81%+8,176Timeline
SLBSLB LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 530,236 shares; 2025Q2: 556,760 shares; 2025Q3: 563,100 shares 563,100$19.4M3.6%+6,340Timeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17 shares; 2024Q4: 17 shares; 2025Q1: 17 shares; 2025Q2: 17 shares; 2025Q3: 16 shares 16$12.1M2.24%-1Timeline
CLXCLOROX CO DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,110 shares; 2024Q4: 75,110 shares; 2025Q1: 75,110 shares; 2025Q2: 75,110 shares; 2025Q3: 75,110 shares 75,110$9.26M1.72%0Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,260 shares; 2024Q4: 9,001 shares; 2025Q1: 8,987 shares; 2025Q2: 8,897 shares; 2025Q3: 10,201 shares 10,201$5.13M0.95%+1,304Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,998 shares; 2024Q4: 13,040 shares; 2025Q1: 13,065 shares; 2025Q2: 13,065 shares; 2025Q3: 13,077 shares 13,077$3.33M0.62%+12Timeline
USBUS BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 56,922 shares; 2024Q4: 54,842 shares; 2025Q1: 54,842 shares; 2025Q2: 54,842 shares; 2025Q3: 54,842 shares 54,842$2.65M0.49%0Timeline
GHIGREYSTONE HOUSING IMPACT INVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 116,538 shares; 2024Q4: 56,731 shares; 2025Q1: 56,772 shares; 2025Q2: 120,189 shares; 2025Q3: 120,189 shares 120,189$1.24M0.23%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,569 shares; 2024Q4: 2,469 shares; 2025Q1: 2,482 shares; 2025Q2: 2,386 shares; 2025Q3: 2,388 shares 2,388$1.24M0.23%+2Timeline
KOCOCA COLA COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,848 shares; 2024Q4: 16,848 shares; 2025Q1: 16,848 shares; 2025Q2: 16,848 shares; 2025Q3: 16,848 shares 16,848$1.12M0.21%0Timeline
MFAMFA FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 32,501 shares; 2024Q4: 32,501 shares; 2025Q1: 103,225 shares; 2025Q2: 103,225 shares; 2025Q3: 103,225 shares 103,225$949K0.18%0Timeline
PSXPHILLIPS 66Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,080 shares; 2024Q4: 7,080 shares; 2025Q1: 7,067 shares; 2025Q2: 6,580 shares; 2025Q3: 6,580 shares 6,580$895K0.17%0Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,529 shares; 2024Q4: 2,529 shares; 2025Q1: 2,538 shares; 2025Q2: 2,529 shares; 2025Q3: 2,529 shares 2,529$798K0.15%0Timeline
PGPROCTER & GAMBLE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,492 shares; 2024Q4: 4,492 shares; 2025Q1: 4,492 shares; 2025Q2: 4,492 shares; 2025Q3: 4,492 shares 4,492$690K0.13%0Timeline
GDGENERAL DYNAMICS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,918 shares; 2024Q4: 1,918 shares; 2025Q1: 1,918 shares; 2025Q2: 1,918 shares; 2025Q3: 1,918 shares 1,918$654K0.12%0Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,064 shares; 2024Q4: 990 shares; 2025Q1: 944 shares; 2025Q2: 946 shares; 2025Q3: 948 shares 948$631K0.12%+2Timeline
HSYHERSHEY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,217 shares; 2024Q4: 3,217 shares; 2025Q1: 3,217 shares; 2025Q2: 3,217 shares; 2025Q3: 3,217 shares 3,217$602K0.11%0Timeline
MUMICRON TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,335 shares; 2024Q4: 3,335 shares; 2025Q1: 3,335 shares; 2025Q2: 3,335 shares; 2025Q3: 3,335 shares 3,335$558K0.1%0Timeline
CVXCHEVRON CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,638 shares; 2024Q4: 3,638 shares; 2025Q1: 3,638 shares; 2025Q2: 3,398 shares; 2025Q3: 3,398 shares 3,398$528K0.1%0Timeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,631 shares; 2024Q4: 1,631 shares; 2025Q1: 1,631 shares; 2025Q2: 1,631 shares; 2025Q3: 1,631 shares 1,631$459K0.09%0Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 824 shares; 2024Q4: 886 shares; 2025Q1: 886 shares; 2025Q2: 886 shares; 2025Q3: 929 shares 929$413K0.08%+43Timeline
PEPPEPSICO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,819 shares; 2024Q4: 2,819 shares; 2025Q1: 2,833 shares; 2025Q2: 2,819 shares; 2025Q3: 2,819 shares 2,819$396K0.07%0Timeline
QQQINVESCO QQQ TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 648 shares; 2024Q4: 648 shares; 2025Q1: 648 shares; 2025Q2: 648 shares; 2025Q3: 648 shares 648$389K0.07%0Timeline
RSPINVESCO EXCHANGE TRADED FD TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,601 shares; 2024Q4: 1,690 shares; 2025Q1: 1,918 shares; 2025Q2: 2,023 shares; 2025Q3: 1,992 shares 1,992$378K0.07%-31Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 430 shares; 2024Q4: 430 shares; 2025Q1: 430 shares; 2025Q2: 430 shares; 2025Q3: 450 shares 450$330K0.06%+20Timeline
LLYELI LILLY & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 301 shares; 2024Q4: 301 shares; 2025Q1: 301 shares; 2025Q2: 301 shares; 2025Q3: 301 shares 301$230K0.04%0Timeline
ZONEZONE FRONTIER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 57,471 shares 57,471$116K0.02%newTimeline
NGDNEW GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 22,660 shares; 2024Q4: 22,660 shares; 2025Q1: 22,660 shares; 2025Q2: 22,660 shares; 2025Q3: 10,000 shares 10,000$71.8K0.01%-12,660Timeline

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001308778-25-000010 base2025-11-10acceptance time not in the bulk data set