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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 $549,109,351 across 42 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-09. Its ten largest share positions make up 56.08% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001308778-26-000002

Period
2025-12-31
Reported value
$549M
Holdings
42
Top 10 weight
56.08%
New
1
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
FISVnew+372,979$25.1M
BNadded+200,630$9.21M
SHYadded+35,511$2.94M
ADPadded+3,730$959K
PFEadded+29,798$742K

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
GOOGLreduced-28,163-$8.81M
BAMreduced-150,950-$7.91M
BRK-Areduced-8-$6.04M
FNVreduced-11,496-$2.38M
RGLDreduced-7,926-$1.76M

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, Q4 2025

Share positions as resolved from 13F-HR 0001308778-26-000002, largest first. % of portfolio is the value over $549,109,351, 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; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 415,403 shares; 2024Q4: 457,058 shares; 2025Q1: 451,616 shares; 2025Q2: 452,822 shares; 2025Q3: 469,851 shares; 2025Q4: 505,362 shares 505,362$41.9M7.62%+35,511Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140,442 shares; 2024Q4: 137,531 shares; 2025Q1: 137,413 shares; 2025Q2: 137,672 shares; 2025Q3: 133,933 shares; 2025Q4: 105,770 shares 105,770$33.1M6.03%-28,163Timeline
RGLDROYAL GOLD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 163,669 shares; 2024Q4: 160,831 shares; 2025Q1: 164,830 shares; 2025Q2: 155,320 shares; 2025Q3: 153,348 shares; 2025Q4: 145,422 shares 145,422$32.3M5.89%-7,926Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 55,901 shares; 2025Q3: 55,722 shares; 2025Q4: 53,300 shares 53,300$30.9M5.62%-2,422Timeline
FNVFRANCO NEV CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 161,765 shares; 2024Q4: 164,553 shares; 2025Q1: 172,827 shares; 2025Q2: 165,073 shares; 2025Q3: 157,936 shares; 2025Q4: 146,440 shares 146,440$30.4M5.53%-11,496Timeline
JNJJOHNSON & JOHNSONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 126,437 shares; 2024Q4: 127,814 shares; 2025Q1: 150,508 shares; 2025Q2: 150,762 shares; 2025Q3: 149,681 shares; 2025Q4: 145,660 shares 145,660$30.1M5.49%-4,021Timeline
BNBROOKFIELD CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 464,389 shares; 2024Q4: 439,309 shares; 2025Q1: 434,199 shares; 2025Q2: 430,459 shares; 2025Q3: 416,853 shares; 2025Q4: 617,483 shares 617,483$28.3M5.16%+200,630Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 142,525 shares; 2024Q4: 130,118 shares; 2025Q1: 126,615 shares; 2025Q2: 124,295 shares; 2025Q3: 122,362 shares; 2025Q4: 121,965 shares 121,965$28.2M5.13%-397Timeline
WRBBERKLEY W R CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 424,128 shares; 2024Q4: 411,245 shares; 2025Q1: 413,318 shares; 2025Q2: 385,565 shares; 2025Q3: 379,648 shares; 2025Q4: 379,387 shares 379,387$26.6M4.84%-261Timeline
CMECME GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 97,902 shares; 2024Q4: 96,717 shares; 2025Q1: 98,158 shares; 2025Q2: 95,161 shares; 2025Q3: 94,662 shares; 2025Q4: 95,881 shares 95,881$26.2M4.77%+1,219Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,255 shares; 2024Q4: 74,018 shares; 2025Q1: 73,007 shares; 2025Q2: 71,366 shares; 2025Q3: 71,495 shares; 2025Q4: 72,836 shares 72,836$25.5M4.65%+1,341Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 45,362 shares; 2024Q4: 44,281 shares; 2025Q1: 44,301 shares; 2025Q2: 43,769 shares; 2025Q3: 43,747 shares; 2025Q4: 44,541 shares 44,541$25.4M4.63%+794Timeline
ENBENBRIDGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 519,689 shares; 2024Q4: 512,804 shares; 2025Q1: 517,934 shares; 2025Q2: 516,668 shares; 2025Q3: 516,782 shares; 2025Q4: 524,043 shares 524,043$25.1M4.56%+7,261Timeline
FISVFISERV INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 372,979 shares 372,979$25.1M4.56%newTimeline
ABTABBOTT LABORATORIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 186,850 shares; 2024Q4: 186,791 shares; 2025Q1: 197,437 shares; 2025Q2: 195,110 shares; 2025Q3: 195,497 shares; 2025Q4: 199,156 shares 199,156$25M4.54%+3,659Timeline
SLBSLB LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 530,236 shares; 2025Q2: 556,760 shares; 2025Q3: 563,100 shares; 2025Q4: 580,380 shares 580,380$22.3M4.06%+17,280Timeline
ADPAUTOMATIC DATA PROCESSING INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 88,129 shares; 2024Q4: 84,612 shares; 2025Q1: 84,352 shares; 2025Q2: 82,208 shares; 2025Q3: 82,512 shares; 2025Q4: 86,242 shares 86,242$22.2M4.04%+3,730Timeline
PFEPFIZER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 650,254 shares; 2024Q4: 653,444 shares; 2025Q1: 784,467 shares; 2025Q2: 796,840 shares; 2025Q3: 805,016 shares; 2025Q4: 834,814 shares 834,814$20.8M3.79%+29,798Timeline
BAMBROOKFIELD ASSET MANAGMT LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 474,212 shares; 2024Q4: 449,356 shares; 2025Q1: 450,279 shares; 2025Q2: 445,219 shares; 2025Q3: 441,474 shares; 2025Q4: 290,524 shares 290,524$15.2M2.77%-150,950Timeline
CLXCLOROX CO DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,110 shares; 2024Q4: 75,110 shares; 2025Q1: 75,110 shares; 2025Q2: 75,110 shares; 2025Q3: 75,110 shares; 2025Q4: 75,110 shares 75,110$7.57M1.38%0Timeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17 shares; 2024Q4: 17 shares; 2025Q1: 17 shares; 2025Q2: 17 shares; 2025Q3: 16 shares; 2025Q4: 8 shares 8$6.04M1.1%-8Timeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,260 shares; 2024Q4: 9,001 shares; 2025Q1: 8,987 shares; 2025Q2: 8,897 shares; 2025Q3: 10,201 shares; 2025Q4: 9,652 shares 9,652$4.85M0.88%-549Timeline
USBUS BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 56,922 shares; 2024Q4: 54,842 shares; 2025Q1: 54,842 shares; 2025Q2: 54,842 shares; 2025Q3: 54,842 shares; 2025Q4: 54,842 shares 54,842$2.93M0.53%0Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,998 shares; 2024Q4: 13,040 shares; 2025Q1: 13,065 shares; 2025Q2: 13,065 shares; 2025Q3: 13,077 shares; 2025Q4: 8,303 shares 8,303$2.26M0.41%-4,774Timeline
KOCOCA COLA COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,848 shares; 2024Q4: 16,848 shares; 2025Q1: 16,848 shares; 2025Q2: 16,848 shares; 2025Q3: 16,848 shares; 2025Q4: 16,848 shares 16,848$1.18M0.21%0Timeline
MFAMFA FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 32,501 shares; 2024Q4: 32,501 shares; 2025Q1: 103,225 shares; 2025Q2: 103,225 shares; 2025Q3: 103,225 shares; 2025Q4: 103,225 shares 103,225$961K0.18%0Timeline
MUMICRON TECHNOLOGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,335 shares; 2024Q4: 3,335 shares; 2025Q1: 3,335 shares; 2025Q2: 3,335 shares; 2025Q3: 3,335 shares; 2025Q4: 3,335 shares 3,335$952K0.17%0Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,569 shares; 2024Q4: 2,469 shares; 2025Q1: 2,482 shares; 2025Q2: 2,386 shares; 2025Q3: 2,388 shares; 2025Q4: 1,820 shares 1,820$880K0.16%-568Timeline
PSXPHILLIPS 66Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,080 shares; 2024Q4: 7,080 shares; 2025Q1: 7,067 shares; 2025Q2: 6,580 shares; 2025Q3: 6,580 shares; 2025Q4: 6,580 shares 6,580$849K0.15%0Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,529 shares; 2024Q4: 2,529 shares; 2025Q1: 2,538 shares; 2025Q2: 2,529 shares; 2025Q3: 2,529 shares; 2025Q4: 2,529 shares 2,529$815K0.15%0Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,064 shares; 2024Q4: 990 shares; 2025Q1: 944 shares; 2025Q2: 946 shares; 2025Q3: 948 shares; 2025Q4: 950 shares 950$648K0.12%+2Timeline
GDGENERAL DYNAMICS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,918 shares; 2024Q4: 1,918 shares; 2025Q1: 1,918 shares; 2025Q2: 1,918 shares; 2025Q3: 1,918 shares; 2025Q4: 1,918 shares 1,918$646K0.12%0Timeline
PGPROCTER & GAMBLE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,492 shares; 2024Q4: 4,492 shares; 2025Q1: 4,492 shares; 2025Q2: 4,492 shares; 2025Q3: 4,492 shares; 2025Q4: 4,492 shares 4,492$644K0.12%0Timeline
HSYHERSHEY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,217 shares; 2024Q4: 3,217 shares; 2025Q1: 3,217 shares; 2025Q2: 3,217 shares; 2025Q3: 3,217 shares; 2025Q4: 3,217 shares 3,217$585K0.11%0Timeline
CVXCHEVRON CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,638 shares; 2024Q4: 3,638 shares; 2025Q1: 3,638 shares; 2025Q2: 3,398 shares; 2025Q3: 3,398 shares; 2025Q4: 3,792 shares 3,792$578K0.11%+394Timeline
RSPINVESCO EXCHANGE TRADED FD TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,601 shares; 2024Q4: 1,690 shares; 2025Q1: 1,918 shares; 2025Q2: 2,023 shares; 2025Q3: 1,992 shares; 2025Q4: 2,427 shares 2,427$465K0.08%+435Timeline
GHIGREYSTONE HOUSING IMPACT INVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 116,538 shares; 2024Q4: 56,731 shares; 2025Q1: 56,772 shares; 2025Q2: 120,189 shares; 2025Q3: 120,189 shares; 2025Q4: 65,528 shares 65,528$451K0.08%-54,661Timeline
TSLATESLA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 824 shares; 2024Q4: 886 shares; 2025Q1: 886 shares; 2025Q2: 886 shares; 2025Q3: 929 shares; 2025Q4: 929 shares 929$418K0.08%0Timeline
PEPPEPSICO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,819 shares; 2024Q4: 2,819 shares; 2025Q1: 2,833 shares; 2025Q2: 2,819 shares; 2025Q3: 2,819 shares; 2025Q4: 2,819 shares 2,819$405K0.07%0Timeline
METAMETA PLATFORMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 430 shares; 2024Q4: 430 shares; 2025Q1: 430 shares; 2025Q2: 430 shares; 2025Q3: 450 shares; 2025Q4: 450 shares 450$297K0.05%0Timeline
ORCLORACLE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,631 shares; 2024Q4: 1,631 shares; 2025Q1: 1,631 shares; 2025Q2: 1,631 shares; 2025Q3: 1,631 shares; 2025Q4: 1,153 shares 1,153$225K0.04%-478Timeline
ZONEZONE FRONTIER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 57,471 shares; 2025Q4: 57,471 shares 57,471$14.9K<0.01%0Timeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
QQQINVESCO QQQ TR648$389Kshares
LLYELI LILLY & CO301$230Kshares
NGDNEW GOLD INC10,000$71.8Kshares

How Q4 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 0001308778-26-000002 base2026-02-09acceptance time not in the bulk data set