1y return+5.8%S&P 500 +20.9%
3y return+55.5%S&P 500 +68.5%
5y return+55.3%S&P 500 +74.5%
10y return+153.5%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $254 against $357 in the S&P 500.2
America First Investment Advisors, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| SHYIshares Tr | $44.0M | 8.2% | |
| GOOGLAlphabet Inc | $36.2M | 6.7% | −1.9% |
| JNJJohnson & Johnson | $35.3M | 6.5% | |
| AMZNAmazon Com Inc | $29.2M | 5.4% | |
| ENBEnbridge Inc | $28.2M | 5.2% | |
| WRBBerkley W R Corp | $27.1M | 5.0% | |
| TMOThermo Fisher Scientific Inc | $26.6M | 4.9% | |
| SLBSlb Limited | $26.3M | 4.9% | −1.2% |
| BNBrookfield Corp | $26.2M | 4.9% | |
| ADPAutomatic Data Processing In | $25.9M | 4.8% | +1.0% |
| VVisa Inc | $25.3M | 4.7% | |
| FNVFranco Nev Corp | $23.7M | 4.4% | |
| VRSKVerisk Analytics Inc | $23.5M | 4.4% | New |
| MAMastercard Incorporated | $23.2M | 4.3% | +1.2% |
| ABTAbbott Laboratories | $21.7M | 4.0% | +7.8% |
| RGLDRoyal Gold Inc | $21.5M | 4.0% | |
| CMECme Group Inc | $21.2M | 3.9% | |
| FISVFiserv Inc | $20.1M | 3.7% | +2.0% |
| BAMBrookfield Asset Managmt Ltd | $12.8M | 2.4% | |
| BRK/ABerkshire Hathaway Inc Del | $7.5M | 1.4% | +25.0% |
| CLXClorox Co Del | $7.2M | 1.3% | |
| BRK/BBerkshire Hathaway Inc Del | $4.0M | 0.7% | −17.1% |
| MUMicron Technology Inc | $3.8M | 0.7% | |
| USBUs Bancorp | $3.3M | 0.6% | |
| AAPLApple Inc | $2.4M | 0.4% | −1.8% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GOOGLAlphabet Inc | June 30, 2020 | +404.0% | $36.2M |
| JPMJpmorgan Chase & Co | June 30, 2020 | +248.0% | $828K |
| AAPLApple Inc | June 30, 2020 | +217.3% | $2.4M |
| BRK/BBerkshire Hathaway Inc Del | June 30, 2020 | +180.3% | $4.0M |
| BRK/ABerkshire Hathaway Inc Del | June 30, 2020 | +180.2% | $7.5M |
| METAMeta Platforms Inc | June 30, 2020 | +148.1% | $422K |
| SPYState Str Spdr S&p 500 Etf T | June 30, 2020 | +142.2% | $678K |
| GDGeneral Dynamics Corp | June 30, 2020 | +137.0% | $679K |
| PSXPhillips 66 | June 30, 2020 | +135.1% | $1.1M |
| RSPInvesco Exchange Traded Fd T | June 30, 2020 | +109.1% | $514K |
Sold off last quarter
- PFEPfizer Inc was $25.2M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −1.3% | +14.8% |
| March 31, 2026 | −1.1% | −4.6% |
| December 31, 2025 | +0.3% | +2.4% |
| September 30, 2025 | +8.0% | +7.8% |
| June 30, 2025 | +2.4% | +10.5% |
| March 31, 2025 | +5.1% | −4.6% |
| December 31, 2024 | +10.6% | +2.1% |
| September 30, 2024 | +9.6% | +5.4% |
| June 30, 2024 | −1.1% | +4.0% |
| March 31, 2024 | +8.9% | +10.0% |
| December 31, 2023 | +6.7% | +11.2% |
| September 30, 2023 | −2.0% | −3.6% |
| June 30, 2023 | +5.8% | +8.3% |
| March 31, 2023 | +1.6% | +7.0% |
| December 31, 2022 | +6.0% | +7.1% |
| September 30, 2022 | −7.5% | −5.3% |
| June 30, 2022 | −11.8% | −16.5% |
| March 31, 2022 | −0.7% | −4.9% |
| December 31, 2021 | +10.4% | +10.7% |
| September 30, 2021 | −2.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: America First Investment Advisors, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1308778&type=13F-HR&dateb=&owner=include&count=40CIK 1308778
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1308778/000130877826000004/Filed August 5, 2026 · accession 0001308778-26-000004