America First Investment Advisors Llc
- Regulatory AUM
- $665M
- Discretionary
- $665M
- Clients
- 266
- Avg AUM / client
- $2.5M
- Accounts
- 622
- Employees
- 7
AUM over time
Reported AUM from Form ADV filings, plotted by filing date · as of Jun 25, 2026
Investments (13F portfolio — 41 positions, $536,471,557)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Ishares Tr | 1 3 YR TREAS BD | $44,343,097 | 537,036 | 8.27% | 6.67% |
| 2 | Johnson & Johnson | COM | $34,260,616 | 140,160 | 6.39% | 5.15% |
| 3 | Alphabet Inc | CAP STK CL A | $29,681,518 | 103,219 | 5.53% | 4.46% |
| 4 | Slb Limited | COM STK | $29,435,729 | 572,791 | 5.49% | 4.43% |
| 5 | Enbridge Inc | COM | $28,275,171 | 522,260 | 5.27% | 4.25% |
| 6 | Franco Nev Corp | COM | $28,130,168 | 113,864 | 5.24% | 4.23% |
| 7 | Cme Group Inc | COM | $28,088,966 | 95,104 | 5.24% | 4.22% |
| 8 | Royal Gold Inc | COM | $27,298,823 | 107,269 | 5.09% | 4.1% |
| 9 | Thermo Fisher Scientific Inc | COM | $25,966,547 | 52,828 | 4.84% | 3.9% |
| 10 | Amazon Com Inc | COM | $25,778,411 | 123,774 | 4.81% | 3.88% |
| 11 | Pfizer Inc | COM | $25,220,050 | 898,150 | 4.7% | 3.79% |
| 12 | Berkley W R Corp | COM | $25,208,605 | 380,335 | 4.7% | 3.79% |
| 13 | Brookfield Corp | CL A LTD VT SH | $24,929,307 | 615,995 | 4.65% | 3.75% |
| 14 | Automatic Data Processing In | COM | $23,268,107 | 114,520 | 4.34% | 3.5% |
| 15 | Abbott Laboratories | COM | $22,745,256 | 221,538 | 4.24% | 3.42% |
| 16 | Fiserv Inc | COM | $22,397,562 | 401,390 | 4.18% | 3.37% |
| 17 | Mastercard Incorporated | CL A | $22,327,725 | 44,686 | 4.16% | 3.36% |
| 18 | Visa Inc | COM CL A | $22,099,850 | 73,120 | 4.12% | 3.32% |
| 19 | Brookfield Asset Managmt Ltd | CL A LMT VTG SHS | $12,665,914 | 284,947 | 2.36% | 1.9% |
| 20 | Clorox Co Del | COM | $7,783,649 | 75,110 | 1.45% | 1.17% |
| 21 | Berkshire Hathaway Inc Del | CL A | $5,745,120 | 8 | 1.07% | 0.86% |
| 22 | Berkshire Hathaway Inc Del | CL B NEW | $4,625,238 | 9,652 | 0.86% | 0.7% |
| 23 | Us Bancorp | COM NEW | $2,852,332 | 54,842 | 0.53% | 0.43% |
| 24 | Apple Inc | COM | $2,107,143 | 8,303 | 0.39% | 0.32% |
| 25 | Coca Cola Co | COM | $1,281,290 | 16,848 | 0.24% | 0.19% |
Top 25 of 41 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Individuals (non-high net worth) | 86 | $42.9M | 6.45% |
| High net worth individuals | 175 | $615M | 92.5% |
| Charitable organizations | 4 | $4.8M | 0.73% |
| Corporations and other businesses | 1 | $2.1M | 0.32% |
People (9)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Eric Michael Ball | Chief Executive Officer, Manager | CFA | Feb 1999 (28y) | ≈ 18.75% – 50% via Afia Holdings Llc |
| Barry Ward Dunaway | Managing Director, Director Of Research | CFA | Jul 2006 (20y) | Less than 5% |
| Matthew James Holloway | Financial Planner, Chief Operating Officer, Chief Information Security Officer | CFP | Oct 2007 (19y) | Less than 5% |
| Katerina Medelska Wiese | Financial Planner, Vice President | CFP | Mar 2008 (18y) | Less than 5% |
| Guthrie, David, Allen | Vice President | Feb 2011 (16y) | Less than 5% | |
| Amy Lynn Byrne | Client Care Officer | Apr 2019 (7y) | Less than 5% | |
| Krauss, Katherine | Owner | Jan 2023 (4y) | ≈ 18.75% – 50% via Afia Holdings Llc | |
| Andrew Joel Holloway | Chief Compliance Officer/Chief Financial Officer | Nov 2023 (3y) | Less than 5% | |
| Stephen G Perry | Registered representative | Nov 2025 (1y) |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Afia Holdings Llc | 100% Member | Oct 2014 | A | 75% or more |
Undisclosed: 0% – 25% of the firm is not attributable from the filed Schedule A bands.
Estimated effective ownership (look-through of filed bands):
- Eric Michael Ball: 25% – 50% of Afia Holdings Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
- Krauss, Katherine: 25% – 50% of Afia Holdings Llc × 75% – 100% direct ≈ 18.75% – 50% of the firm
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 06/25/2026 | 911 KB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
Services
- • Financial planning services
- • Portfolio management for individuals/small businesses
- • Portfolio management for businesses/institutional clients
- • Publication of periodicals or newsletters
Custody
Reported custodians
- Charles Schwab & Co. $665M (100% of AUM) Jun 2026
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports having custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Jun 25, 2026.
View current Form ADV (SEC/IAPD) ↗