America First Investment Advisors, LLC
SEC Form 13F institutional filer · CIK 0001308778
13F-HR · 33 reported holdings · 2026-03-31
Reported long-US-equity value
$0.37B
Top-10 concentration
72.8%
America First Investment Advisors, LLC — $370M AUM allocation strategy
America First Investment Advisors, LLC files SEC Form 13F and reports $370M of long US equity value across 33 reported holdings for 2026-03-31.
Its largest sector bet is Financials 34.4%, followed by Health Care 29.2% and Energy 8.3%.
The top 10 holdings account for 73% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
America First Investment Advisors, LLC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$370M
total across 33 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
73% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$PFE +63.3K sh · +$4.43M+$FISV +28.4K sh · −$2.66M+$ADP +28.3K sh · +$1.08M
Biggest trims (shares)
−$SLB −7.59K sh · +$7.16M−$JNJ −5.5K sh · +$4.12M−$GOOG −2.55K sh · −$3.42M
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Transaction & Payment Processing Services18.1%—
- Pharmaceuticals16.0%—
- Interactive Media & Services8.0%—
- Oil & Gas Equipment & Services7.9%—
- Financial Exchanges & Data7.6%—
- Life Sciences Tools & Services7.0%—
- Broadline Retail6.9%—
- Property & Casualty Insurance6.8%—
- Other holdings21.5%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $JNJ | Johnson & Johnson | 140K | $34.3M | -5.5K | 9.2% |
| $GOOG | Alphabet Inc. Class C Capital Stock | 103K | $29.7M | -2.55K | 8.0% |
| $SLB | SLB Limited | 573K | $29.4M | -7.59K | 7.9% |
| $CME | CME Group Inc | 95.1K | $28.1M | -777 | 7.6% |
| $TMO | Thermo Fisher Scientific Inc | 52.8K | $26M | -472 | 7.0% |
| $AMZN | Amazon.com Inc | 124K | $25.8M | +1.81K | 7.0% |
| $PFE | Pfizer Inc | 898K | $25.2M | +63.3K | 6.8% |
| $WRB | W.R. Berkley Corporation | 380K | $25.2M | +948 | 6.8% |
| $ADP | Automatic Data Processing Inc | 115K | $23.3M | +28.3K | 6.3% |
| $ABT | Abbott Laboratories | 222K | $22.7M | +22.4K | 6.1% |
…and 23 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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