U S GLOBAL INVESTORS INC
Reported holdings as of Q2 2026, from 31 quarterly filings.
This filer last reported in Q2 2026; the most recent quarter on file across all filers is Q3 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
Download these holdings as CSV
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| AMERICAN AIRLINES GROUP INC | AAL | $108.4M | 6,001,172 | +2.37pp | 31q | -6.7%-$7.8M | |
| UNITED AIRLS HLDGS INC | UAL | $106.2M | 780,724 | +1.79pp | 31q | HELD | |
| SOUTHWEST AIRLS CO | LUV | $102.1M | 1,985,637 | +2.51pp | 31q | +19.0%+$16.3M | |
| DELTA AIR LINES INC | DAL | $100.7M | 1,075,013 | +0.60pp | 31q | -8.3%-$9.1M | |
| ALLEGIANT TRAVEL CO | ALGT | $40.8M | 347,245 | +1.10pp | 31q | +16.0%+$5.6M | |
| FRONTIER GROUP HLDGS INC | ULCC | $38.9M | 4,914,655 | +0.95pp | 13q | -27.5%-$14.8M | |
| JETBLUE AIRWAYS CORP | JBLU | $34.4M | 5,996,231 | +0.45pp | 31q | +8.2%+$2.6M | |
| ALASKA AIR GROUP INC | ALK | $33.4M | 639,713 | +0.65pp | 31q | +7.2%+$2.3M | |
| SKYWEST INC | SKYW | $33.1M | 333,087 | +0.42pp | 13q | +29.3%+$7.5M | |
| AYA GOLD & SILVER INC | AYA | $21.3M | 1,125,000 | - | new | NEW | |
| SABRE CORP | SABR | $20.7M | 9,885,943 | +0.71pp | 7q | +31.2%+$4.9M | |
| TRIPADVISOR INC | TRIP | $19.1M | 1,393,974 | +0.13pp | 21q | +1.5%+$288.4K | |
| EXPEDIA GROUP INC | EXPE | $18.9M | 73,940 | +0.31pp | 21q | +32.0%+$4.6M | |
| OR ROYALTIES INC. | OR | $18.4M | 580,723 | -0.60pp | 5q | +8.6%+$1.5M | |
| BOOKING HOLDINGS INC | BKNG | $18.1M | 101,546 | +0.26pp | 21q | +3275.9%+$17.6M | |
| FRANCO NEV CORP | FNV | $16.8M | 80,622 | -0.82pp | 31q | -4.5%-$789.6K | |
| GENERAL DYNAMICS CORP | GD | $16.4M | 46,295 | +0.13pp | 26q | +28.3%+$3.6M | |
| TEXTRON INC | TXT | $16.3M | 177,167 | +0.13pp | 21q | +26.6%+$3.4M | |
| BOEING CO | BA | $16.2M | 74,907 | +0.11pp | 15q | +19.7%+$2.7M | |
| WHEATON PRECIOUS METALS CORP | WPM | $15.7M | 139,426 | +1.06pp | 31q | +379.7%+$12.4M | |
| IAMGOLD CORP | IAG | $13.9M | 878,486 | -0.79pp | 18q | -9.6%-$1.5M | |
| AMERICAS GOLD AND SILVER COR | USAS | $12.4M | 2,625,000 | +0.10pp | 4q | +45.8%+$3.9M | |
| LATAM AIRLINES GROUP SA | LTM | $9.4M | 161,198 | +0.12pp | 5q | +18.4%+$1.5M | |
| RYANAIR HOLDINGS PLC | RYAAY | $9.0M | 139,753 | +0.17pp | 21q | +34.1%+$2.3M | |
| ENDEAVOUR SILVER CORP | EXK | $8.6M | 1,043,200 | +0.51pp | 8q | +253.4%+$6.2M | |
| PAN AMERN SILVER CORP | PAAS | $7.9M | 176,555 | +0.29pp | 4q | +140.0%+$4.6M | |
| VOX ROYALTY CORP | VOXR | $7.9M | 1,662,000 | -0.26pp | 15q | HELD | |
| COEUR MNG INC | CDE | $7.2M | 439,303 | -1.13pp | 12q | -47.1%-$6.4M | |
| TRIP COM GROUP LTD | TCOM | $7.0M | 175,270 | -0.04pp | 20q | +42.1%+$2.1M | |
| HARMONY GOLD MNG LTD | HMY | $6.5M | 428,647 | -0.09pp | 31q | +7.7%+$466.9K | |
| FORTUNA MNG CORP | FSM | $6.3M | 743,591 | +0.16pp | 3q | +93.8%+$3.0M | |
| BARRICK MNG CORP | B | $6.2M | 170,000 | -0.08pp | 5q | +19.0%+$996.7K | |
| ARIS MINING CORPORATION | ARIS | $6.0M | 400,000 | -0.16pp | 5q | +17.6%+$892.9K | |
| MAKEMYTRIP LIMITED MAURITIUS | MMYT | $5.3M | 99,379 | -0.10pp | 12q | -29.4%-$2.2M | |
| TRIPLE FLAG PRECIOUS METAL | TFPM | $5.2M | 172,000 | +0.25pp | 14q | +186.7%+$3.4M | |
| CENTERRA GOLD INC | CGAU | $4.7M | 300,000 | -0.45pp | 3q | -31.6%-$2.2M | |
| GRUPO AEROPORTUARIO DEL CENT | OMAB | $4.7M | 41,857 | +0.05pp | 4q | +38.8%+$1.3M | |
| EMBRAER S.A. | EMBJ | $4.7M | 73,982 | -0.33pp | 21q | -34.5%-$2.5M | |
| AGNICO EAGLE MINES LTD | AEM | $4.7M | 30,000 | -0.95pp | 17q | -49.3%-$4.5M | |
| NEWMONT CORP | NEM | $4.6M | 49,739 | -0.02pp | 2q | +35.1%+$1.2M | |
| COPA HOLDINGS SA | CPA | $4.6M | 29,833 | +0.07pp | 21q | +4.7%+$206.3K | |
| GRUPO AEROPORTUARIO DEL SURE | ASR | $4.5M | 14,624 | +0.04pp | 11q | +46.4%+$1.4M | |
| METALLA RTY & STREAMING LTD | MTA | $4.3M | 558,500 | -0.04pp | 4q | -3.5%-$152.2K | |
| AVINO SILVER & GOLD MINES LT | ASM | $3.9M | 610,000 | +0.30pp | 2q | +510.0%+$3.2M | |
| VIZSLA SILVER CORP | VZLA | $3.4M | 1,050,000 | -0.07pp | 9q | HELD | |
| AURA MINERALS INC | AUGO | $3.1M | 50,000 | -0.65pp | 4q | -50.0%-$3.1M | |
| SSR MINING IN | SSRM | $3.1M | 110,000 | -0.08pp | 2q | HELD | |
| ALAMOS GOLD INC | AGI | $3.0M | 100,000 | -0.75pp | 16q | -50.3%-$3.1M | |
| FERRARI N V | RACE | $3.0M | 7,925 | -0.03pp | 12q | HELD | |
| TESLA INC | TSLA | $2.7M | 6,450 | -0.05pp | 8q | -9.2%-$273.4K | |
| ROYAL CARIBBEAN GROUP | RCL | $2.7M | 8,530 | -0.01pp | 13q | HELD | |
| SILVERCORP METALS INC | SVM | $2.5M | 250,000 | -0.53pp | 31q | -59.5%-$3.7M | |
| WOODSIDE ENERGY GROUP LTD | WDS | $2.4M | 125,000 | +0.02pp | 3q | +66.7%+$966.0K | |
| SIBANYE STILLWATER LTD | SBSW | $2.3M | 275,000 | -0.17pp | 5q | HELD | |
| SANTACRUZ SILVER MNG LTD | SCZM | $2.3M | 350,000 | -0.58pp | 2q | -55.2%-$2.8M | |
| VERSAMET ROYALTIES CORP | VMET | $2.1M | 250,000 | -0.05pp | 2q | HELD | |
| VIKING HOLDINGS LTD | VIK | $2.0M | 18,935 | +0.08pp | 3q | +53.5%+$690.8K | |
| MCEWEN INC. | MUX | $1.8M | 100,000 | -0.06pp | 3q | HELD | |
| AMAZON COM INC | AMZN | $1.8M | 7,500 | -0.06pp | 2q | -21.1%-$476.7K | |
| TOTALENERGIES SE | TTE | $1.7M | 22,000 | -0.07pp | 3q | HELD | |
| NUTRIEN LTD | NTR | $1.6M | 25,000 | -0.11pp | 6q | -16.7%-$314.8K | |
| HIGHLANDER SILVER CORP | HSLV | $1.5M | 325,000 | +0.09pp | 2q | +16.1%+$210.9K | |
| CARNIVAL CORP LTD | CCL | $1.5M | 52,500 | - | new | NEW | |
| CHENIERE ENERGY INC | LNG | $1.5M | 6,200 | -0.06pp | 20q | HELD | |
| SHELL PLC | SHEL | $1.4M | 18,000 | -0.06pp | 6q | HELD | |
| AMERICAN EXPRESS CO | AXP | $1.3M | 3,930 | - | new | NEW | |
| HILTON WORLDWIDE HLDGS INC | HLT | $1.3M | 3,950 | -0.03pp | 8q | -7.1%-$99.1K | |
| LIFE TIME GROUP HOLDINGS INC | LTH | $1.3M | 31,600 | flat | 5q | -23.1%-$388.0K | |
| BLUE MOON METALS INC | BMM | $1.3M | 200,000 | +0.05pp | 2q | +100.0%+$633.3K | |
| OCEANAGOLD CORP | OGC | $1.3M | 50,000 | - | new | NEW | |
| LAUDER ESTEE COS INC | EL | $1.2M | 15,800 | +0.01pp | 11q | +21.5%+$221.1K | |
| EXXON MOBIL CORP | XOMXXXX | $1.2M | 8,500 | -0.23pp | 8q | -51.4%-$1.2M | |
| HECLA MINING COMPANY | HL | $1.2M | 75,000 | -0.05pp | 2q | HELD | |
| UBS GROUP AG | UBS | $1.1M | 22,300 | -0.02pp | 3q | -19.8%-$272.6K | |
| CATERPILLAR INC | CAT | $1.1M | 1,000 | +0.02pp | 3q | HELD | |
| TOLL BROTHERS INC | TOL | $1.0M | 6,300 | +0.01pp | 2q | +16.7%+$148.3K | |
| MARRIOTT INTL INC NEW | MAR | $945.0K | 2,550 | -0.02pp | 3q | -12.1%-$129.7K | |
| DHT HOLDINGS INC | DHT | $896.5K | 54,236 | +0.04pp | 2q | +161.2%+$553.3K | |
| INTERNATIONAL SEAWAYS INC | INSW | $852.4K | 11,130 | - | new | NEW | |
| GOLD FIELDS LTD | GFI | $839.8K | 25,000 | -1.59pp | 7q | -92.1%-$9.8M | |
| LAS VEGAS SANDS CORP | LVS | $817.6K | 17,700 | flat | 3q | +45.1%+$254.0K | |
| ANGLOGOLD ASHANTI PLC | AU | $808.9K | 10,000 | -1.40pp | 12q | -92.3%-$9.7M | |
| INTEGRA RES CORP | ITRG | $794.5K | 350,000 | -0.05pp | 5q | -10.9%-$97.6K | |
| BLACKSTONE INC | BX | $741.3K | 6,300 | - | new | NEW | |
| MAKO MNG CORP | MAKO | $733.9K | 100,000 | flat | 2q | HELD | |
| SUNSHINE SILVER MNG & REFNG | $727.1K | 55,000 | - | new | NEW | ||
| GLOBAL SHIP LEASE INC | GSL | $705.6K | 18,766 | -0.01pp | 5q | HELD | |
| SCORPIO TANKERS INC | STNG | $656.6K | 9,480 | - | new | NEW | |
| PERPETUA RESOURCES CORP | PPTA | $622.8K | 30,000 | -0.04pp | 8q | HELD | |
| TEEKAY CORPORATION LTD | TK | $610.1K | 61,009 | -0.03pp | 2q | -2.9%-$18.3K | |
| OSISKO DEVELOPMENT CORP | ODV | $606.9K | 250,000 | -0.04pp | 6q | HELD | |
| TAPESTRY INC | TPR | $592.1K | 4,045 | -0.01pp | 5q | HELD | |
| BW LPG LTD | BWLP | $590.9K | 33,953 | -0.05pp | 3q | -31.7%-$274.2K | |
| APPLE INC | AAPL | $578.7K | 2,000 | - | new | NEW | |
| ZTO EXPRESS CAYMAN INC | ZTO | $543.7K | 24,296 | -0.01pp | 18q | +8.8%+$44.0K | |
| UNITED PARCEL SVCS INC | UPS | $541.2K | 5,034 | -0.01pp | 18q | -6.0%-$34.7K | |
| EXPEDITORS INTL WASH INC | EXPD | $535.6K | 3,286 | -0.01pp | 18q | -10.9%-$65.2K | |
| FEDEX CORP | FDX | $506.6K | 1,618 | -0.01pp | 18q | +9.0%+$41.6K | |
| IVANHOE ELECTRIC INC | IE | $494.9K | 51,499 | +0.01pp | 17q | +94.3%+$240.2K | |
| COLLECTIVE MINING LTD | CNL | $429.7K | 35,000 | -0.03pp | 8q | HELD | |
| SINDA LTD | SIND | $420.0K | 35,000 | - | new | NEW | |
| ENERFLEX LTD | EFXT | $416.7K | 17,000 | flat | 3q | HELD | |
| SOLV ENERGY INC | MWH | $408.6K | 12,000 | flat | 2q | HELD | |
| VALERO ENERGY CORP | VLO | $390.7K | 1,500 | -0.05pp | 5q | -50.0%-$390.7K | |
| RANGE RES CORP | RRC | $390.5K | 10,500 | -0.02pp | 20q | HELD | |
| THE REALREAL INC | REAL | $377.3K | 32,000 | flat | 2q | HELD | |
| ANTERO RESOURCES CORP | AR | $351.4K | 10,000 | -0.02pp | 8q | HELD | |
| DANAOS CORPORATION | DAC | $343.1K | 2,804 | -0.05pp | 3q | -56.3%-$442.2K | |
| HALLIBURTON CO | HAL | $339.5K | 10,000 | -0.01pp | 6q | HELD | |
| HAFNIA LTD | HAFN | $332.6K | 50,084 | -0.06pp | 2q | -52.4%-$365.8K | |
| EUROSEAS LTD | ESEA | $331.9K | 5,000 | - | new | NEW | |
| TEEKAY TANKERS LTD | TNK | $326.3K | 5,030 | -0.01pp | 3q | -6.6%-$22.9K | |
| FERVO ENERGY CO | FRVO | $292.3K | 10,000 | - | new | NEW | |
| BAKER HUGHES COMPANY | BKR | $277.5K | 5,000 | -0.03pp | 8q | -41.2%-$194.2K | |
| AMERICAN ELEC PWR CO INC | AEP | $273.6K | 2,000 | flat | 3q | HELD | |
| BP PLC | BP | $258.6K | 7,000 | -0.01pp | 9q | HELD | |
| CAMECO CORP | CCJ | $254.7K | 2,500 | -0.04pp | 12q | -50.0%-$254.7K | |
| ROYAL GOLD INC | RGLD | $250.5K | 1,255 | -2.39pp | 31q | -98.5%-$16.0M | |
| MGM RESORTS INTERNATIONAL | MGM | $243.8K | 5,100 | +0.01pp | 2q | +104.0%+$124.3K | |
| SOLITARIO RESOURCES CORP | XPL | $233.2K | 310,000 | -0.01pp | 9q | HELD | |
| PARAMOUNT GOLD NEV CORP | PZG | $228.0K | 200,000 | -0.01pp | 25q | +17.6%+$34.2K | |
| SLB LIMITED | SLB | $209.2K | 4,500 | -0.01pp | 25q | HELD | |
| SELECT WATER SOLUTIONS INC | WTTR | $199.8K | 10,000 | flat | 11q | HELD | |
| CONSTELLATION BRANDS INC | STZ | $139.1K | 1,000 | flat | 2q | HELD | |
| CME GROUP INC | CME | $101.8K | 461 | -0.01pp | 7q | HELD | |
| GLOBAL X FDS | CHIQ | $71.1K | 4,500 | flat | 3q | HELD | |
| MELCO RESORTS AND ENTMNT LTD | MLCO | $63.2K | 12,000 | flat | 2q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Transport & Logistics | $686.5M | 66.0% |
| Mining & Metals | $206.3M | 19.8% |
| Autos & Aerospace | $59.2M | 5.7% |
| Software & IT Services | $39.8M | 3.8% |
| Other sectors | $44.2M | 4.3% |
| Not classified | $3.6M | 0.3% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +19.5% | +14.8% | +4.7% | 100% |
| Q1 2026 | -6.9% | -4.6% | -2.2% | 100% |
| Q4 2025 | +13.8% | +2.4% | +11.4% | 99% |
| Q3 2025 | +14.4% | +7.8% | +6.6% | 100% |
| Q2 2025 | +8.1% | +10.5% | -2.3% | 98% |
| Q1 2025 | -15.4% | -4.6% | -10.9% | 100% |
| Q4 2024 | +23.0% | +2.1% | +20.8% | 100% |
| Q3 2024 | +7.2% | +5.4% | +1.7% | 98% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $1.0B | 127 | 12 | 43 | 37 | 20 | 59.6% | 27 |
| Q1 2026 | $857.6M | 135 | 29 | 42 | 35 | 23 | 49.1% | 31 |
| Q4 2025 | $934.0M | 129 | 32 | 38 | 32 | 36 | 51.3% | 28 |
| Q3 2025 | $885.8M | 133 | 10 | 23 | 42 | 14 | 51.5% | 21 |
| Q2 2025 | $850.3M | 137 | 24 | 49 | 30 | 25 | 57.4% | 24 |
| Q1 2025 | $757.4M | 138 | 29 | 27 | 51 | 18 | 58.4% | 24 |
| Q4 2024 | $1.0B | 127 | 18 | 26 | 44 | 21 | 66.2% | 36 |
| Q3 2024 | $1.0B | 130 | 31 | 32 | 40 | 28 | 62.6% | 21 |
| Q2 2024 | $1.1B | 127 | 23 | 28 | 34 | 40 | 65.3% | 23 |
| Q1 2024 | $1.2B | 144 | 32 | 29 | 54 | 30 | 67.5% | 24 |
| Q4 2023 | $1.5B | 142 | 44 | 39 | 30 | 28 | 68.4% | 23 |
| Q3 2023 | $1.2B | 126 | 32 | 18 | 33 | 22 | 64.8% | 18 |
| Q2 2023 | $1.7B | 116 | 23 | 21 | 36 | 37 | 70.4% | 24 |
| Q1 2023 | $1.5B | 130 | 35 | 24 | 39 | 29 | 73.3% | 28 |
| Q4 2022 | $1.7B | 124 | 18 | 21 | 39 | 17 | 69.0% | 34 |
| Q3 2022 | $1.6B | 123 | 22 | 11 | 45 | 30 | 67.7% | 45 |
| Q2 2022 | $2.1B | 131 | 29 | 28 | 37 | 35 | 65.8% | 46 |
| Q1 2022 | $3.0B | 137 | 31 | 36 | 29 | 33 | 69.2% | 36 |
| Q4 2021 | $2.7B | 139 | 25 | 24 | 35 | 31 | 68.1% | 39 |
| Q3 2021 | $3.1B | 145 | 31 | 35 | 22 | 24 | 69.5% | 39 |
| Q2 2021 | $3.0B | 138 | 31 | 19 | 30 | 25 | 68.8% | 41 |
| Q1 2021 | $3.1B | 132 | 26 | 23 | 19 | 64 | 83.6% | 23 |
| Q4 2020 | $2.3B | 170 | 39 | 29 | 26 | 29 | 77.4% | 42 |
| Q3 2020 | $1.4B | 160 | 41 | 35 | 26 | 41 | 70.7% | 44 |
| Q2 2020 | $1.1B | 160 | 50 | 50 | 16 | 41 | 68.2% | 45 |
| Q1 2020 | $370.8M | 151 | 52 | 32 | 29 | 61 | 58.7% | 34 |
| Q4 2019 | $222.9M | 160 | 36 | 34 | 25 | 33 | 30.2% | 43 |
| Q3 2019 | $184.0M | 157 | 51 | 27 | 37 | 67 | 29.9% | 43 |
| Q2 2019 | $193.7M | 173 | 65 | 31 | 45 | 51 | 32.0% | 40 |
| Q1 2019 | $208.9M | 159 | 64 | 36 | 31 | 41 | 40.6% | 43 |
| Q4 2018 | $173.1M | 136 | 0 | 0 | 0 | 0 | 35.9% | 43 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.