America First Investment Advisors, LLC Diversified Active

CIK: 0001308778 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 10, 2025

Total Value ($000): $538,291 (100.0% shares, 0.0% debt)

Holdings (44)

SHY ISHARES TR 7.2%

Value ($000) $38,979 Shares 469,851 Est. Cost $53.84 Unrealized —

FNV FRANCO NEV CORP 6.5%

Value ($000) $35,205 Shares 157,936 Est. Cost $61.80 Unrealized +191.6%

GOOGL ALPHABET INC 6.0%

Value ($000) $32,559 Shares 133,933 Est. Cost $105.85 Unrealized +97.6%

RGLD ROYAL GOLD INC 5.7%

Value ($000) $30,759 Shares 153,348 Est. Cost $64.59 Unrealized +167.8%

WRB BERKLEY W R CORP 5.4%

Value ($000) $29,089 Shares 379,648 Est. Cost $32.12 Unrealized +117.9%

BN BROOKFIELD CORP 5.3%

Value ($000) $28,588 Shares 416,853 Est. Cost $22.01 Unrealized +100.8%

JNJ JOHNSON & JOHNSON 5.2%

Value ($000) $27,754 Shares 149,681 Est. Cost $141.29 Unrealized +20.0%

TMO THERMO FISHER SCIENTIFIC INC 5.0%

Value ($000) $27,026 Shares 55,722 Est. Cost $417.06 Unrealized +11.4%

AMZN AMAZON COM INC 5.0%

Value ($000) $26,867 Shares 122,362 Est. Cost $116.59 Unrealized +94.1%

ABT ABBOTT LABS 4.9%

Value ($000) $26,185 Shares 195,497 Est. Cost $52.36 Unrealized +149.4%

ENB ENBRIDGE INC 4.8%

Value ($000) $26,077 Shares 516,782 Est. Cost $25.88 Unrealized +78.2%

CME CME GROUP INC 4.8%

Value ($000) $25,577 Shares 94,662 Est. Cost $71.86 Unrealized +275.5%

BAM BROOKFIELD ASSET MANAGMT LTD 4.7%

Value ($000) $25,138 Shares 441,474 Est. Cost $31.17 Unrealized +88.3%

MA MASTERCARD INCORPORATED 4.6%

Value ($000) $24,884 Shares 43,747 Est. Cost $305.28 Unrealized +87.9%

V VISA INC 4.5%

Value ($000) $24,407 Shares 71,495 Est. Cost $192.20 Unrealized +79.6%

ADP AUTOMATIC DATA PROCESSING IN 4.5%

Value ($000) $24,217 Shares 82,512 Est. Cost $50.20 Unrealized +493.2%

PFE PFIZER INC 3.8%

Value ($000) $20,512 Shares 805,016 Est. Cost $28.23 Unrealized -14.5%

SLB SCHLUMBERGER LTD 3.6%

Value ($000) $19,354 Shares 563,100 Est. Cost $39.55 Unrealized -13.2%

BRK/A BERKSHIRE HATHAWAY INC DEL 2.2%

Value ($000) $12,067 Shares 16 Est. Cost $294742.90 Unrealized +146.6%

CLX CLOROX CO DEL 1.7%

Value ($000) $9,261 Shares 75,110 Est. Cost $60.00 Unrealized +103.7%

BRK/B BERKSHIRE HATHAWAY INC DEL 1.0%

Value ($000) $5,128 Shares 10,201 Est. Cost $222.12 Unrealized +118.1%

AAPL APPLE INC 0.6%

Value ($000) $3,330 Shares 13,077 Est. Cost $150.92 Unrealized +49.5%

USB US BANCORP DEL 0.5%

Value ($000) $2,651 Shares 54,842 Est. Cost $26.59 Unrealized +74.3%

GHI GREYSTONE HOUSING IMPACT INV 0.2%

Value ($000) $1,238 Shares 120,189 Est. Cost $14.52 Unrealized —

MSFT MICROSOFT CORP 0.2%

Value ($000) $1,237 Shares 2,388 Est. Cost $89.97 Unrealized +465.4%

KO COCA COLA CO 0.2%

Value ($000) $1,117 Shares 16,848 Est. Cost $44.49 Unrealized +52.7%

MFA MFA FINL INC 0.2%

Value ($000) $949 Shares 103,225 Est. Cost $10.16 Unrealized —

PSX PHILLIPS 66 0.2%

Value ($000) $895 Shares 6,580 Est. Cost $43.69 Unrealized +189.3%

JPM JPMORGAN CHASE & CO. 0.1%

Value ($000) $798 Shares 2,529 Est. Cost $98.15 Unrealized +201.5%

PG PROCTER AND GAMBLE CO 0.1%

Value ($000) $690 Shares 4,492 Est. Cost $55.49 Unrealized +179.2%

GD GENERAL DYNAMICS CORP 0.1%

Value ($000) $654 Shares 1,918 Est. Cost $123.73 Unrealized +153.6%

SPY SPDR S&P 500 ETF TR 0.1%

Value ($000) $631 Shares 948 Est. Cost $267.15 Unrealized —

HSY HERSHEY CO 0.1%

Value ($000) $602 Shares 3,217 Est. Cost $98.77 Unrealized +81.9%

MU MICRON TECHNOLOGY INC 0.1%

Value ($000) $558 Shares 3,335 Est. Cost $49.39 Unrealized +158.8%

CVX CHEVRON CORP NEW 0.1%

Value ($000) $528 Shares 3,398 Est. Cost $79.64 Unrealized +91.2%

ORCL ORACLE CORP 0.1%

Value ($000) $459 Shares 1,631 Est. Cost $67.70 Unrealized +275.4%

TSLA TESLA INC 0.1%

Value ($000) $413 Shares 929 Est. Cost $220.94 Unrealized +57.0%

PEP PEPSICO INC 0.1%

Value ($000) $396 Shares 2,819 Est. Cost $107.97 Unrealized +30.1%

QQQ INVESCO QQQ TR 0.1%

Value ($000) $389 Shares 648 Est. Cost $320.93 Unrealized —

RSP INVESCO EXCHANGE TRADED FD T 0.1%

Value ($000) $378 Shares 1,992 Est. Cost $135.27 Unrealized —

META META PLATFORMS INC 0.1%

Value ($000) $330 Shares 450 Est. Cost $302.71 Unrealized +145.5%

LLY ELI LILLY & CO 0.0%

Value ($000) $230 Shares 301 Est. Cost $329.89 Unrealized +125.0%

ZONE CLEANCORE SOLUTIONS INC 0.0%

Value ($000) $116 Shares 57,471 Est. Cost $3.59 Unrealized 0.0%

NGD NEW GOLD INC CDA 0.0%

Value ($000) $72 Shares 10,000 Est. Cost $2.05 Unrealized +163.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SHY	ISHARES TR	469,851	$38,979	7.2%	$53.84	—	1 3 YR TREAS BD	464287457
FNV	FRANCO NEV CORP	157,936	$35,205	6.5%	$61.80	+191.6%	COM	351858105
GOOGL	ALPHABET INC	133,933	$32,559	6.0%	$105.85	+97.6%	CAP STK CL A	02079K305
RGLD	ROYAL GOLD INC	153,348	$30,759	5.7%	$64.59	+167.8%	COM	780287108
WRB	BERKLEY W R CORP	379,648	$29,089	5.4%	$32.12	+117.9%	COM	084423102
BN	BROOKFIELD CORP	416,853	$28,588	5.3%	$22.01	+100.8%	CL A LTD VT SH	11271J107
JNJ	JOHNSON & JOHNSON	149,681	$27,754	5.2%	$141.29	+20.0%	COM	478160104
TMO	THERMO FISHER SCIENTIFIC INC	55,722	$27,026	5.0%	$417.06	+11.4%	COM	883556102
AMZN	AMAZON COM INC	122,362	$26,867	5.0%	$116.59	+94.1%	COM	023135106
ABT	ABBOTT LABS	195,497	$26,185	4.9%	$52.36	+149.4%	COM	002824100
ENB	ENBRIDGE INC	516,782	$26,077	4.8%	$25.88	+78.2%	COM	29250N105
CME	CME GROUP INC	94,662	$25,577	4.8%	$71.86	+275.5%	COM	12572Q105
BAM	BROOKFIELD ASSET MANAGMT LTD	441,474	$25,138	4.7%	$31.17	+88.3%	CL A LMT VTG SHS	113004105
MA	MASTERCARD INCORPORATED	43,747	$24,884	4.6%	$305.28	+87.9%	CL A	57636Q104
V	VISA INC	71,495	$24,407	4.5%	$192.20	+79.6%	COM CL A	92826C839
ADP	AUTOMATIC DATA PROCESSING IN	82,512	$24,217	4.5%	$50.20	+493.2%	COM	053015103
PFE	PFIZER INC	805,016	$20,512	3.8%	$28.23	-14.5%	COM	717081103
SLB	SCHLUMBERGER LTD	563,100	$19,354	3.6%	$39.55	-13.2%	COM STK	806857108
BRK/A	BERKSHIRE HATHAWAY INC DEL	16	$12,067	2.2%	$294742.90	+146.6%	CL A	084670108
CLX	CLOROX CO DEL	75,110	$9,261	1.7%	$60.00	+103.7%	COM	189054109
BRK/B	BERKSHIRE HATHAWAY INC DEL	10,201	$5,128	1.0%	$222.12	+118.1%	CL B NEW	084670702
AAPL	APPLE INC	13,077	$3,330	0.6%	$150.92	+49.5%	COM	037833100
USB	US BANCORP DEL	54,842	$2,651	0.5%	$26.59	+74.3%	COM NEW	902973304
GHI	GREYSTONE HOUSING IMPACT INV	120,189	$1,238	0.2%	$14.52	—	BEN UNIT CTF	02364V206
MSFT	MICROSOFT CORP	2,388	$1,237	0.2%	$89.97	+465.4%	COM	594918104
KO	COCA COLA CO	16,848	$1,117	0.2%	$44.49	+52.7%	COM	191216100
MFA	MFA FINL INC	103,225	$949	0.2%	$10.16	—	COM	55272X607
PSX	PHILLIPS 66	6,580	$895	0.2%	$43.69	+189.3%	COM	718546104
JPM	JPMORGAN CHASE & CO.	2,529	$798	0.1%	$98.15	+201.5%	COM	46625H100
PG	PROCTER AND GAMBLE CO	4,492	$690	0.1%	$55.49	+179.2%	COM	742718109
GD	GENERAL DYNAMICS CORP	1,918	$654	0.1%	$123.73	+153.6%	COM	369550108
SPY	SPDR S&P 500 ETF TR	948	$631	0.1%	$267.15	—	TR UNIT	78462F103
HSY	HERSHEY CO	3,217	$602	0.1%	$98.77	+81.9%	COM	427866108
MU	MICRON TECHNOLOGY INC	3,335	$558	0.1%	$49.39	+158.8%	COM	595112103
CVX	CHEVRON CORP NEW	3,398	$528	0.1%	$79.64	+91.2%	COM	166764100
ORCL	ORACLE CORP	1,631	$459	0.1%	$67.70	+275.4%	COM	68389X105
TSLA	TESLA INC	929	$413	0.1%	$220.94	+57.0%	COM	88160R101
PEP	PEPSICO INC	2,819	$396	0.1%	$107.97	+30.1%	COM	713448108
QQQ	INVESCO QQQ TR	648	$389	0.1%	$320.93	—	UNIT SER 1	46090E103
RSP	INVESCO EXCHANGE TRADED FD T	1,992	$378	0.1%	$135.27	—	S&P500 EQL WGT	46137V357
META	META PLATFORMS INC	450	$330	0.1%	$302.71	+145.5%	CL A	30303M102
LLY	ELI LILLY & CO	301	$230	0.0%	$329.89	+125.0%	COM	532457108
ZONE	CLEANCORE SOLUTIONS INC	57,471	$116	0.0%	$3.59	0.0%	CLASS B COM SHS	184492106
NGD	NEW GOLD INC CDA	10,000	$72	0.0%	$2.05	+163.4%	COM	644535106