America First Investment Advisors, LLC

CIK

1308778

Location

OMAHA, NE

Portfolio Value

Micro $55,428,988

Diversification

Diversified

Filing Date

Global Rank

#2,355 / 8,232 ▲ 103

Top Industry

Drug Manufacturers - General 12.8%

3Y Alpha vs SPY

+4.2%

Period ended 2 months ago

Filed May 8, 2026 · 37d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+95.1%

SPY

+76.3%

Annualised alpha

+4.2%

Max drawdown

−13.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

38 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

7.1%

+0.4 pts

Top 5

30.8%

−0.5 pts

Top 10

58.1%

−0.2 pts

HHI

512

Diversified−0

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	29.5%	$143,541,874	9
Healthcare	22.3%	$108,192,614	4
Energy	12.3%	$59,694,193	4
Basic Materials	11.4%	$55,428,988	2
Communication Services	6.2%	$30,115,901	2
Technology	5.6%	$27,347,185	4
Consumer Cyclical	5.5%	$26,723,154	3
Unclassified	4.7%	$23,016,685	2
Consumer Defensive	2.2%	$10,820,307	5
Industrials	0.1%	$678,754	2
Real Estate	0.1%	$380,565	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

12 positions

Ticker	Company	Δ Shares	Shares	Value
PFE	Pfizer Inc	+63,336	898,150	$25,220,052
FISV	Fiserv Inc	+28,411	401,390	$22,397,562
ADP	Automatic Data Processing Inc	+28,278	114,520	$23,268,173
ABT	Abbott Laboratories	+22,382	221,538	$22,745,306
AMZN	Amazon Com Inc	+1,809	123,774	$25,778,410
WRB	Berkley W R Corp	+948	380,335	$25,208,603
MSFT	Microsoft Corp	+463	2,283	$845,098
META	Meta Platforms, Inc.	+309	759	$434,246
V	Visa Inc.	+284	73,120	$22,099,788
MA	Mastercard Inc	+145	44,686	$22,327,806
TSLA	Tesla, Inc.	+46	975	$362,456
SPY	Spdr S&P 500 ETF Trust	+2	952	$619,123
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
MFA	Mfa Financial, Inc.	−63,500	39,725	$380,565
RGLD	Royal Gold Inc	−38,153	107,269	$27,298,887
FNV	FRANCO NEVADA Corp	−32,576	113,864	$28,130,101
SLB	Slb Limited/Nv	−7,589	572,791	$29,435,729
BAM	Brookfield Asset Management Ltd.	−5,577	284,947	$12,665,894
JNJ	Johnson & Johnson	−5,500	140,160	$34,260,710
GOOGL	Alphabet Inc.	−2,551	103,219	$29,681,655
ENB	Enbridge Inc	−1,783	522,260	$28,275,156
BN	BROOKFIELD Corp /ON/	−1,488	615,995	$24,929,317
CME	Cme Group Inc.	−777	95,104	$28,088,966
TMO	Thermo Fisher Scientific Inc.	−472	52,828	$25,966,546
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
CASY	Caseys General Stores Inc	800	$582,288
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
GHI	Greystone Housing Impact Investors LP	65,528	$451,487
ORCL	Oracle Corp	1,153	$224,731
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

2 positions · $55,428,988 total · Basic Materials only · as of Mar 31, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio	History
FNV	FRANCO NEVADA Corp Basic Materials	Reduced	113,864	-32,576	$28,130,101	−7.3%	50.75%
RGLD	Royal Gold Inc Basic Materials	Reduced	107,269	-38,153	$27,298,887	−15.6%	49.25%