America First Investment Advisors, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 8, 2026), America First Investment Advisors, LLC reported 41 stock positions worth $536.5 million. Its top holding was iShares 1-3 Year Treasury Bo (SHY) at 8.3% of the portfolio, followed by Johnson & Johnson (JNJ, 6.4%) and Alphabet Class A (GOOGL, 5.5%). Compared with Q4 2025, it opened 1 new position, sold out of 2, added to 13 and reduced 12. The biggest buy was Pfizer (PFE, shares +8%) and the biggest sale Royal Gold (RGLD, shares −26%).
- Most Recent 13F
- Q2 2026
- Location
- OMAHA, NE
- CIK
- 0001308778
- Portfolio Value
- $536.5M (Q1 2026)
- SEC Filing
- 0001308778-26-000003 ↗ filed May 8, 2026
Holdings Value
Holdings 41 stocks · $536.5M
| SHY iShares 1-3 Year Treasury Bo | 8.27% | 537,036 | $44.3M | Add +6.3% |
| JNJ Johnson & Johnson | 6.39% | 140,160 | $34.3M | Reduce -3.8% |
| GOOGL Alphabet Inc. Class A | 5.53% | 103,219 | $29.7M | Reduce -2.4% |
| SLB SLB Ltd. filed as SLB LIMITED | 5.49% | 572,791 | $29.4M | Reduce -1.3% |
| ENB Enbridge Inc. | 5.27% | 522,260 | $28.3M | Reduce -0.3% |
| FNV Franco-Nevada Corp. | 5.24% | 113,864 | $28.1M | Reduce -22.3% |
| CME Cme Group Inc. | 5.24% | 95,104 | $28.1M | Reduce -0.8% |
| RGLD Royal Gold Inc. | 5.09% | 107,269 | $27.3M | Reduce -26.2% |
| TMO Thermo Fisher Scientific Inc. | 4.84% | 52,828 | $26.0M | Reduce -0.9% |
| AMZN Amazon.com Inc. | 4.81% | 123,774 | $25.8M | Add +1.5% |
| PFE Pfizer Inc. | 4.70% | 898,150 | $25.2M | Add +7.6% |
| WRB WR Berkley Corp. filed as BERKLEY W R CORP | 4.70% | 380,335 | $25.2M | Add +0.3% |
| BN Brookfield Corp. | 4.65% | 615,995 | $24.9M | Reduce -0.2% |
| ADP Automatic Data Processing | 4.34% | 114,520 | $23.3M | Add +32.8% |
| ABT Abbott Laboratories | 4.24% | 221,538 | $22.7M | Add +11.2% |
| FISV Fiserv Inc. | 4.17% | 401,390 | $22.4M | Add +7.6% |
| MA Mastercard Inc. Class A | 4.16% | 44,686 | $22.3M | Add +0.3% |
| V Visa Inc. Class A | 4.12% | 73,120 | $22.1M | Add +0.4% |
| BAM Brookfield Asset Mgmt-A | 2.36% | 284,947 | $12.7M | Reduce -1.9% |
| CLX Clorox Company | 1.45% | 75,110 | $7.8M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 1.07% | 8 | $5.7M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.86% | 9,652 | $4.6M | No change |
| USB US Bancorp | 0.53% | 54,842 | $2.9M | No change |
| AAPL Apple Inc. | 0.39% | 8,303 | $2.1M | No change |
| KO The Coca-Cola Co. | 0.24% | 16,848 | $1.3M | No change |
| PSX Phillips 66 | 0.22% | 6,580 | $1.2M | No change |
| MU Micron Technology Inc. | 0.21% | 3,335 | $1.1M | No change |
| MSFT Microsoft Corp. | 0.16% | 2,283 | $845K | Add +25.4% |
| CVX Chevron Corp. | 0.15% | 3,792 | $785K | No change |
| JPM JPMorgan Chase & Co. | 0.14% | 2,529 | $744K | No change |
| HSY The Hershey Co. | 0.12% | 3,217 | $669K | No change |
| GD General Dynamics Corp. | 0.12% | 1,918 | $658K | No change |
| PG The Procter & Gamble Co. | 0.12% | 4,492 | $649K | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.12% | 952 | $619K | Add +0.2% |
| CASY Casey's General Stores Inc. | 0.11% | 800 | $582K | New |
| RSP Invesco S&P 500 Equal Weight | 0.08% | 2,313 | $444K | Reduce -4.7% |
| PEP Pepsico Inc. | 0.08% | 2,819 | $438K | No change |
| META Meta Platforms Inc. Class A | 0.08% | 759 | $434K | Add +68.7% |
| MFA Mfa Financial Inc. | 0.07% | 39,725 | $381K | Reduce -61.5% |
| TSLA Tesla Inc. | 0.07% | 975 | $362K | Add +5.0% |
| ZONE Zone Frontier Inc. filed as CLEANCORE SOLUTIONS INC | 0.00% | 57,471 | $20K | No change |
Portfolio Sells Q4 2025 → Q1 2026
| RGLD Royal Gold Inc. | Reduce -26.2% | 5.09% | −0.80 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.9% | 4.84% | −0.78 |
| BN Brookfield Corp. | Reduce -0.2% | 4.65% | −0.51 |
| GOOGL Alphabet Inc. Class A | Reduce -2.4% | 5.53% | −0.50 |
| BAM Brookfield Asset Mgmt-A | Reduce -1.9% | 2.36% | −0.41 |
| FNV Franco-Nevada Corp. | Reduce -22.3% | 5.24% | −0.28 |
| MFA Mfa Financial Inc. | Reduce -61.5% | 0.07% | −0.10 |
| GHI Greystone Housing Impact Inv | Sold out | 0.00% | −0.08 |
| ORCL Oracle Corp. | Sold out | 0.00% | −0.04 |
| RSP Invesco S&P 500 Equal Weight | Reduce -4.7% | 0.08% | −0.00 |
| CME Cme Group Inc. | Reduce -0.8% | 5.24% | +0.47 |
| ENB Enbridge Inc. | Reduce -0.3% | 5.27% | +0.71 |
| JNJ Johnson & Johnson | Reduce -3.8% | 6.39% | +0.90 |
| SLB SLB Ltd. | Reduce -1.3% | 5.49% | +1.43 |
Portfolio Buys Q4 2025 → Q1 2026
| PFE Pfizer Inc. | Add +7.6% | 4.70% | +0.92 |
| SHY iShares 1-3 Year Treasury Bo | Add +6.3% | 8.27% | +0.64 |
| ADP Automatic Data Processing | Add +32.8% | 4.34% | +0.30 |
| CASY Casey's General Stores Inc. | New | 0.11% | +0.11 |
| META Meta Platforms Inc. Class A | Add +68.7% | 0.08% | +0.03 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.2% | 0.12% | −0.00 |
| MSFT Microsoft Corp. | Add +25.4% | 0.16% | −0.00 |
| TSLA Tesla Inc. | Add +5.0% | 0.07% | −0.01 |
| WRB WR Berkley Corp. | Add +0.3% | 4.70% | −0.15 |
| ABT Abbott Laboratories | Add +11.2% | 4.24% | −0.30 |
| AMZN Amazon.com Inc. | Add +1.5% | 4.81% | −0.32 |
| FISV Fiserv Inc. | Add +7.6% | 4.17% | −0.39 |
| MA Mastercard Inc. Class A | Add +0.3% | 4.16% | −0.47 |
| V Visa Inc. Class A | Add +0.4% | 4.12% | −0.53 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 45 | $538.9M | SHY, GOOGL, JNJ, AMZN, ENB |
| Q1 2026 | 41 | $536.5M | SHY, JNJ, GOOGL, SLB, ENB |
| Q4 2025 | 42 | $549.1M | SHY, GOOGL, RGLD, TMO, FNV |
| Q3 2025 | 44 | $538.3M | SHY, FNV, GOOGL, RGLD, WRB |
| Q2 2025 | 43 | $501.4M | SHY, WRB, RGLD, AMZN, FNV |
| Q1 2025 | 42 | $474.1M | SHY, WRB, FNV, RGLD, ABT |
| Q4 2024 | 42 | $457.6M | SHY, PLTR, AMZN, GOOGL, BN |
| Q3 2024 | 42 | $445.6M | SHY, PLTR, AMZN, BN, ADP |
| Q2 2024 | 80 | $406.2M | SHY, PLTR, AMZN, GOOGL, WRB |
| Q1 2024 | 85 | $411.3M | SHY, PLTR, GOOGL, AMZN, WRB |