America First Investment Advisors, LLC — 13F Holdings & Portfolio
CIK 1308778 · latest 13F-HR filed 2026-08-05
America First Investment Advisors, LLC manages $538.9M in 13F-reported U.S. long-equity assets across 45 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are SHY (8.16%), GOOGL (6.71%), JNJ (6.55%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 5 new positions and exited 1; 17 existing positions rose in reported value and 11 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$538.9M
Long-equity book
Holdings
45
Distinct positions
Period
2026-06-30
Filed 2026-08-05
Q/Q Activity
+5 / −1 / ↑17 / ↓11
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26SHY8.2% · -0%GOOGL6.7% · -2%JNJ6.5% · -1%AMZN5.4% · -1%ENB5.2% · -0%WRB5.0% · +1%TMO4.9% · +1%SLB4.9% · -1%BN4.9% · 0%ADP4.8% · +1%V4.7% · +1%FNV4.4% · -0%VRSK4.4% · newMA4.3% · +1%ABT4.0% · +8%RGLD4.0% · +0%CME3.9% · +1%FISV3.7% · +2%BAM2.4% · +0%BRK.A1.4% · +25%CLX1.3% · 0%BRK.B0.7% · -17%MU0.7% · 0%USB0.6% · 0%AAPL0.4% · -2%KO0.3% · 0%PSX0.2% · 0%ZONE0.2% · +2082%MSFT0.2% · +2%JPM0.2% · 0%GD0.1% · 0%SPY0.1% · -5%PG0.1% · 0%CASY0.1% · 0%CVX0.1% · -3%CSCO0.1% · newHSY0.1% · 0%RSP0.1% · +4%WMT0.1% · newMETA0.1% · -1%TSLA0.1% · 0%MFA0.1% · 0%PEP0.1% · 0%SBUX0.0% · newNVDA0.0% · new
Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
3 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 56.6%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Aug 7, 2026.
Assets Under Management
$665.1M
Discretionary
$665.1M
Employees
7
Accounts
622
Address
10050 REGENCY CIRCLE, SUITE 515
OMAHA, NE 68114-3721
OMAHA, NE 68114-3721
Phone
(402) 991-3388
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| AFIA HOLDINGS LLC Control | 100% MEMBER since Oct 2014 | 75% or more | Domestic Entity |
| BALL, ERIC, MICHAEL Control | MANAGING DIRECTOR since Jan 2025 | Less than 5% | Individual |
| DUNAWAY, BARRY, WARD Control | MANAGING DIRECTOR, DIRECTOR OF RESEARCH since Jul 2006 | Less than 5% | Individual |
| HOLLOWAY, MATTHEW, JAMES Control | CHIEF EXECUTIVE OFFICER, CHIEF INFORMATION SECURITY OFFICER, AND FINANCIAL PLANNER since Jan 2025 | Less than 5% | Individual |
| BYRNE, AMY, LYNN | CLIENT CARE OFFICER since Apr 2019 | Less than 5% | Individual |
| Holloway, Andrew, Joel | CHIEF COMPLIANCE OFFICER/CHIEF FINANCIAL OFFICER since Mar 2024 | Less than 5% | Individual |
| WIESE, KATERINA, MEDELSKA | FINANCIAL PLANNER, VICE PRESIDENT since Feb 2019 | Less than 5% | Individual |
| BALL, ERIC, MICHAEL Control Indirect owner via AFIA HOLDINGS LLC | MANAGING DIRECTOR since Jan 2025 | 25–50% | Individual |
| Krauss, Katherine Control Indirect owner via AFIA HOLDINGS LLC | OWNER since Jan 2023 | 25–50% | Individual |
Ownership & leadership changes · 12 filings with changes since Nov 28, 2011
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Jan 23, 2026 filing
- No longer listedGUTHRIE, DAVID, ALLEN · VICE PRESIDENT · Less than 5% · listed since Feb 2011
Jan 27, 2025 filing
- ChangedBALL, ERIC, MICHAEL · title CHIEF EXECUTIVE OFFICER, MANAGER → MANAGING DIRECTOR
- ChangedBALL, ERIC, MICHAEL · indirect via AFIA HOLDINGS LLC: title CHIEF EXECUTIVE OFFICER, MANAGER → MANAGING DIRECTOR
- ChangedHOLLOWAY, MATTHEW, JAMES · title FINANCIAL PLANNER, CHIEF OPERATING OFFICER, CHIEF INFORMATION SECURITY OFFICER → CHIEF EXECUTIVE OFFICER, CHIEF INFORMATION SECURITY OFFICER, AND FINANCIAL PLANNER
May 9, 2024 filing
- ChangedBALL, ERIC, MICHAEL · indirect via AFIA HOLDINGS LLC: title CHIEF EXECUTIVE OFFICER, MANAGER, CHIEF COMPLIANCE OFFICER → CHIEF EXECUTIVE OFFICER, MANAGER
Apr 11, 2024 filing
- AddedHolloway, Andrew, Joel · CHIEF COMPLIANCE OFFICER/CHIEF FINANCIAL OFFICER · Less than 5%
- ChangedBALL, ERIC, MICHAEL · title CHIEF EXECUTIVE OFFICER, MANAGER, CHIEF COMPLIANCE OFFICER → CHIEF EXECUTIVE OFFICER, MANAGER
Feb 3, 2023 filing
- No longer listedKRAUSS, GEORGE, HAROLD · MEMBER · 25–50% · indirect via AFIA HOLDINGS LLC · control person · listed since Oct 2014
- No longer listedKrauss, Sharon, Kyker · MEMBER · 25–50% · indirect via AFIA HOLDINGS LLC · control person · listed since Oct 2014
- AddedKrauss, Katherine · OWNER · 25–50% · indirect via AFIA HOLDINGS LLC · control person
Jul 8, 2020 filing
- ChangedGUTHRIE, DAVID, ALLEN · no longer a control person
Jan 27, 2020 filing
- ChangedGUTHRIE, DAVID, ALLEN · title PRESIDENT, DIRECTOR OF CLIENT DEVELOPMENT → VICE PRESIDENT
Jul 10, 2019 filing
- AddedBYRNE, AMY, LYNN · CLIENT CARE OFFICER · Less than 5%
- ChangedWIESE, KATERINA, MEDELSKA · no longer a control person
Feb 25, 2019 filing
- ChangedBALL, ERIC, MICHAEL · title CHIEF EXECUTIVE OFFICER, MANAGER → CHIEF EXECUTIVE OFFICER, MANAGER, CHIEF COMPLIANCE OFFICER
- ChangedBALL, ERIC, MICHAEL · indirect via AFIA HOLDINGS LLC: title CHIEF EXECUTIVE OFFICER, MEMBER → CHIEF EXECUTIVE OFFICER, MANAGER, CHIEF COMPLIANCE OFFICER
- ChangedDUNAWAY, BARRY, WARD · title EXECUTIVE VICE PRESIDENT, DIRECTOR OF RESEARCH → MANAGING DIRECTOR, DIRECTOR OF RESEARCH
- ChangedWIESE, KATERINA, MEDELSKA · title FINANCIAL PLANNER, CHIEF COMPLIANCE OFFICER → FINANCIAL PLANNER, VICE PRESIDENT
Mar 21, 2018 filing
- AddedBALL, ERIC, MICHAEL · CHIEF EXECUTIVE OFFICER, MEMBER · 25–50% · indirect via AFIA HOLDINGS LLC · control person
- AddedKRAUSS, GEORGE, HAROLD · MEMBER · 25–50% · indirect via AFIA HOLDINGS LLC · control person
- AddedKrauss, Sharon, Kyker · MEMBER · 25–50% · indirect via AFIA HOLDINGS LLC · control person
- ChangedBALL, ERIC, MICHAEL · title CHIEF EXECUTIVE OFFICER , CHIEF INVESTMENT OFFICER, & MANAGER → CHIEF EXECUTIVE OFFICER, MANAGER
- ChangedGUTHRIE, DAVID, ALLEN · title PRESIDENT → PRESIDENT, DIRECTOR OF CLIENT DEVELOPMENT
- ChangedHOLLOWAY, MATTHEW, JAMES · title CERTIFIED FINANCIAL PLANNER(TM), CHIEF OPERATING OFFICER, CHIEF INFORMATION OFFICER → FINANCIAL PLANNER, CHIEF OPERATING OFFICER, CHIEF INFORMATION SECURITY OFFICER
- ChangedWIESE, KATERINA, MEDELSKA · title CERTIFIED FINANCIAL PLANNER(TM), CHIEF COMPLIANCE OFFICER → FINANCIAL PLANNER, CHIEF COMPLIANCE OFFICER
Older changes (3 more filings)
Mar 15, 2017 filing
- ChangedDUNAWAY, BARRY, WARD · title VICE PRESIDENT AND DIRECTOR OF RESEARCH → EXECUTIVE VICE PRESIDENT
- ChangedDUNAWAY, BARRY, WARD · title EXECUTIVE VICE PRESIDENT → EXECUTIVE VICE PRESIDENT, DIRECTOR OF RESEARCH
- ChangedHOLLOWAY, MATTHEW, JAMES · title VICE PRESIDENT, ADVISOR SERVICES → CHIEF OPERATING OFFICER
- ChangedHOLLOWAY, MATTHEW, JAMES · title CHIEF OPERATING OFFICER → CERTIFIED FINANCIAL PLANNER(TM), CHIEF OPERATING OFFICER, CHIEF INFORMATION OFFICER
- ChangedWIESE, KATERINA, MEDELSKA · title CHIEF COMPLIANCE OFFICER → CERTIFIED FINANCIAL PLANNER(TM), CHIEF COMPLIANCE OFFICER
Oct 6, 2014 filing
- No longer listedBYERWALTER, MARIANN · MANAGER · General partner, trustee or manager · indirect via THE BURLINGTON CAPITAL GROUP LLC · control person · listed since Jan 1997
- No longer listedCARTER, WILLIAM · MANAGER · General partner, trustee or manager · indirect via THE BURLINGTON CAPITAL GROUP LLC · control person · listed since Feb 2003
- No longer listedJUNG, PATRICK · MANAGER · General partner, trustee or manager · indirect via THE BURLINGTON CAPITAL GROUP LLC · listed since May 2003
- No longer listedKRAUSS, GEORGE, H · MANAGER · General partner, trustee or manager · indirect via THE BURLINGTON CAPITAL GROUP LLC · control person · listed since Aug 2001
- No longer listedMASSENGALE, MARTIN · MANAGER · General partner, trustee or manager · indirect via THE BURLINGTON CAPITAL GROUP LLC · control person · listed since Jul 1994
- No longer listedROSKENS, LISA, Y · MANAGER · General partner, trustee or manager · indirect via THE BURLINGTON CAPITAL GROUP LLC · control person · listed since Aug 1999
- No longer listedTHE BURLINGTON CAPITAL GROUP LLC · 100% SHAREHOLDER · 75% or more · control person · listed since Sep 1994
- No longer listedYANNEY, GAIL · MANAGER · General partner, trustee or manager · indirect via THE BURLINGTON CAPITAL GROUP LLC · listed since Feb 1996
- No longer listedYANNEY, MICHAEL, B · MEMBER · 50–75% · indirect via THE BURLINGTON CAPITAL GROUP LLC · control person · listed since May 1984
- No longer listedYEUTTER, CLAYTON · MANAGER · General partner, trustee or manager · indirect via THE BURLINGTON CAPITAL GROUP LLC · listed since May 2001
- AddedAFIA HOLDINGS LLC · 100% MEMBER · 75% or more · control person
- AddedHOLLOWAY, MATTHEW, JAMES · VICE PRESIDENT, ADVISOR SERVICES · Less than 5% · control person
- ChangedBALL, ERIC, MICHAEL · title CHIEF EXECUTIVE OFFICER & CHIEF INVESTMENT OFFICER - MANAGER OF THE COMPANY → CHIEF EXECUTIVE OFFICER , CHIEF INVESTMENT OFFICER, & MANAGER
- ChangedWIESE, KATERINA, MEDELSKA · now a control person
Nov 28, 2011 filing (earliest on record)
- ListedBALL, ERIC, MICHAEL · CHIEF EXECUTIVE OFFICER & CHIEF INVESTMENT OFFICER - MANAGER OF THE COMPANY · Less than 5% · control person
- ListedBYERWALTER, MARIANN · MANAGER · General partner, trustee or manager · indirect via THE BURLINGTON CAPITAL GROUP LLC · control person
- ListedCARTER, WILLIAM · MANAGER · General partner, trustee or manager · indirect via THE BURLINGTON CAPITAL GROUP LLC · control person
- ListedDUNAWAY, BARRY, WARD · VICE PRESIDENT AND DIRECTOR OF RESEARCH · Less than 5% · control person
- ListedGUTHRIE, DAVID, ALLEN · PRESIDENT · Less than 5% · control person
- ListedJUNG, PATRICK · MANAGER · General partner, trustee or manager · indirect via THE BURLINGTON CAPITAL GROUP LLC
- ListedKRAUSS, GEORGE, H · MANAGER · General partner, trustee or manager · indirect via THE BURLINGTON CAPITAL GROUP LLC · control person
- ListedMASSENGALE, MARTIN · MANAGER · General partner, trustee or manager · indirect via THE BURLINGTON CAPITAL GROUP LLC · control person
- ListedROSKENS, LISA, Y · MANAGER · General partner, trustee or manager · indirect via THE BURLINGTON CAPITAL GROUP LLC · control person
- ListedTHE BURLINGTON CAPITAL GROUP LLC · 100% SHAREHOLDER · 75% or more · control person
- ListedWIESE, KATERINA, MEDELSKA · CHIEF COMPLIANCE OFFICER · Less than 5%
- ListedYANNEY, GAIL · MANAGER · General partner, trustee or manager · indirect via THE BURLINGTON CAPITAL GROUP LLC
- ListedYANNEY, MICHAEL, B · MEMBER · 50–75% · indirect via THE BURLINGTON CAPITAL GROUP LLC · control person
- ListedYEUTTER, CLAYTON · MANAGER · General partner, trustee or manager · indirect via THE BURLINGTON CAPITAL GROUP LLC
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- ALPHABET INC$6.5M +21.9%
- AMAZON COM INC$3.4M +13.4%
- VISA INC$3.2M +14.4%
- MICRON TECHNOLOGY INC$2.7M +241.7%
- AUTOMATIC DATA PROCESSING IN$2.6M +11.3%
Top Trims
- CME GROUP INC-$6.9M -24.5%
- ROYAL GOLD INC-$5.8M -21.3%
- FRANCO NEV CORP-$4.4M -15.8%
- SLB LIMITED-$3.1M -10.6%
- FISERV INC-$2.3M -10.3%
New Positions
- VERISK ANALYTICS INC$23.5M
- CISCO SYS INC$587.3K
- WALMART INC$492.7K
- STARBUCKS CORP$233.0K
- NVIDIA CORPORATION$213.1K
America First Investment Advisors, LLC Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ISHARES TR | SHY | 464287457 | $44.0M | 8.16% | 535,584 | SH |
| 2 | ALPHABET INC | GOOGL | 02079K305 | $36.2M | 6.71% | 101,223 | SH |
| 3 | JOHNSON & JOHNSON | JNJ | 478160104 | $35.3M | 6.55% | 138,957 | SH |
| 4 | AMAZON COM INC | AMZN | 023135106 | $29.2M | 5.42% | 122,618 | SH |
| 5 | ENBRIDGE INC | ENB | 29250N105 | $28.2M | 5.24% | 520,721 | SH |
| 6 | BERKLEY W R CORP | WRB | 084423102 | $27.1M | 5.02% | 383,605 | SH |
| 7 | THERMO FISHER SCIENTIFIC INC | TMO | 883556102 | $26.6M | 4.94% | 53,146 | SH |
| 8 | SLB LIMITED | SLB | 806857108 | $26.3M | 4.88% | 565,988 | SH |
| 9 | BROOKFIELD CORP | BN | 11271J107 | $26.2M | 4.87% | 616,181 | SH |
| 10 | AUTOMATIC DATA PROCESSING IN | ADP | 053015103 | $25.9M | 4.81% | 115,688 | SH |
| 11 | VISA INC | V | 92826C839 | $25.3M | 4.69% | 73,704 | SH |
| 12 | FRANCO NEV CORP | FNV | 351858105 | $23.7M | 4.40% | 113,625 | SH |
| 13 | VERISK ANALYTICS INC | VRSK | 92345Y106 | $23.5M | 4.36% | 130,923 | SH |
| 14 | MASTERCARD INCORPORATED | MA | 57636Q104 | $23.2M | 4.31% | 45,228 | SH |
| 15 | ABBOTT LABORATORIES | ABT | 002824100 | $21.7M | 4.02% | 238,903 | SH |
| 16 | ROYAL GOLD INC | RGLD | 780287108 | $21.5M | 3.98% | 107,569 | SH |
| 17 | CME GROUP INC | CME | 12572Q105 | $21.2M | 3.93% | 96,012 | SH |
| 18 | FISERV INC | FISV | 337738108 | $20.1M | 3.73% | 409,492 | SH |
| 19 | BROOKFIELD ASSET MANAGMT LTD | BAM | 113004105 | $12.8M | 2.38% | 285,378 | SH |
| 20 | BERKSHIRE HATHAWAY INC DEL | BRK.A | 084670108 | $7.5M | 1.39% | 10 | SH |
| 21 | CLOROX CO DEL | CLX | 189054109 | $7.2M | 1.33% | 75,110 | SH |
| 22 | BERKSHIRE HATHAWAY INC DEL | BRK.B | 084670702 | $4.0M | 0.74% | 8,001 | SH |
| 23 | MICRON TECHNOLOGY INC | MU | 595112103 | $3.8M | 0.71% | 3,335 | SH |
| 24 | US BANCORP | USB | 902973304 | $3.3M | 0.61% | 54,842 | SH |
| 25 | APPLE INC | AAPL | 037833100 | $2.4M | 0.44% | 8,156 | SH |
| 26 | COCA COLA CO | KO | 191216100 | $1.4M | 0.25% | 16,848 | SH |
| 27 | PHILLIPS 66 | PSX | 718546104 | $1.1M | 0.21% | 6,580 | SH |
| 28 | CLEANCORE SOLUTIONS INC | ZONE | 184492106 | $1.0M | 0.19% | 1,253,713 | SH |
| 29 | MICROSOFT CORP | MSFT | 594918104 | $867.4K | 0.16% | 2,325 | SH |
| 30 | JPMORGAN CHASE & CO | JPM | 46625H100 | $827.8K | 0.15% | 2,529 | SH |
| 31 | GENERAL DYNAMICS CORP | GD | 369550108 | $679.4K | 0.13% | 1,918 | SH |
| 32 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $678.2K | 0.13% | 908 | SH |
| 33 | PROCTER & GAMBLE CO | PG | 742718109 | $658.7K | 0.12% | 4,492 | SH |
| 34 | CASEYS GEN STORES INC | CASY | 147528103 | $635.8K | 0.12% | 800 | SH |
| 35 | CHEVRON CORPORATION | CVX | 166764100 | $610.3K | 0.11% | 3,682 | SH |
| 36 | CISCO SYS INC | CSCO | 17275R102 | $587.3K | 0.11% | 5,000 | SH |
| 37 | HERSHEY CO | HSY | 427866108 | $564.4K | 0.10% | 3,217 | SH |
| 38 | INVESCO EXCHANGE TRADED FD T | RSP | 46137V357 | $513.8K | 0.10% | 2,415 | SH |
| 39 | WALMART INC | WMT | 931142103 | $492.7K | 0.09% | 4,350 | SH |
| 40 | META PLATFORMS INC | META | 30303M102 | $421.9K | 0.08% | 749 | SH |
| 41 | TESLA INC | TSLA | 88160R101 | $410.1K | 0.08% | 975 | SH |
| 42 | MFA FINL INC | MFA | 55272X607 | $384.9K | 0.07% | 39,725 | SH |
| 43 | PEPSICO INC | PEP | 713448108 | $381.7K | 0.07% | 2,819 | SH |
| 44 | STARBUCKS CORP | SBUX | 855244109 | $233.0K | 0.04% | 2,280 | SH |
| 45 | NVIDIA CORPORATION | NVDA | 67066G104 | $213.1K | 0.04% | 1,065 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-05 | $538.9M | 45 | 0001308778-26-000004 |
| 2026-03-31 | 2026-05-08 | $536.5M | 41 | 0001308778-26-000003 |
| 2025-12-31 | 2026-02-09 | $549.1M | 42 | 0001308778-26-000002 |
Filer Information
Address
10050 REGENCY CIRCLESUITE 515
OMAHA, NE 68114
Phone
(402) 991-3388
Filing Manager
America First Investment Advisors, LLC
OMAHA, NE
Signatory
Andrew Holloway
Chief Compliance Officer