U S GLOBAL INVESTORS INC

CIK

754811

Location

SAN ANTONIO, TX

Portfolio Value

Mid $1,040,641,554

Diversification

Diversified

Filing Date

Global Rank

#1,919 / 8,700 ▲ 606

Top Industry

Airlines 59.7%

Period ended 2 months ago

Filed Jul 27, 2026 · 48d

26 quarters · since Mar 2020

Portfolio Concentration

126 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

10.4%

+1.3 pts

Top 5

44.0%

+8.3 pts

Top 10

59.5%

+10.4 pts

HHI

509

Diversified+137

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Industrials	66.2%	$688,740,175	27
Basic Materials	21.2%	$221,111,316	47
Consumer Cyclical	8.5%	$88,723,381	20
Technology	2.0%	$21,240,340	2
Energy	1.5%	$15,187,689	21
Financial Services	0.3%	$3,277,633	4
Consumer Defensive	0.1%	$1,386,500	2
Utilities	0.1%	$974,520	3

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SABR	Sabre Corp	+2,351,037	9,885,943	$20,661,620
USAS	Americas Gold & Silver Corp	+825,000	2,625,000	$12,390,000
EXK	Endeavour Silver Corp	+748,000	1,043,200	$8,637,696
ASM	Avino Silver & Gold Mines Ltd	+510,000	610,000	$3,867,400
JBLU	Jetblue Airways Corp	+453,695	5,996,231	$34,358,403
FSM	Fortuna Mining Corp.	+359,941	743,591	$6,283,343
LUV	Southwest Airlines Co	+317,282	1,985,637	$102,101,454
TFPM	Triple Flag Precious Metals Corp.	+112,000	172,000	$5,154,840
WPM	Wheaton Precious Metals Corp.	+110,362	139,426	$15,660,328
PAAS	Pan American Silver Corp	+103,000	176,555	$7,907,898
BMM	Blue Moon Metals Inc.	+100,000	200,000	$1,278,000
BKNG	Booking Holdings Inc.	+98,538	101,546	$18,099,559
SKYW	Skywest Inc	+75,494	333,087	$33,085,531
ARIS	Aris Mining Corp	+60,000	400,000	$5,964,000
TCOM	Trip.com Group Ltd	+51,927	175,270	$6,982,756
WDS	Woodside Energy Group Ltd	+50,000	125,000	$2,415,000
ALGT	Allegiant Travel CO	+48,020	347,245	$40,836,012
OR	OR Royalties Inc.	+46,098	580,723	$18,368,268
HSLV	Highlander Silver Corp.	+45,000	325,000	$1,514,500
ALK	Alaska Air Group, Inc.	+43,141	639,713	$33,393,018
TXT	Textron Inc	+37,213	177,167	$16,251,528
RYAAY	Ryanair Holdings PLC	+35,552	139,753	$9,049,006
DHT	DHT Holdings, Inc.	+33,471	54,236	$896,521
HMY	Harmony Gold Mining Co Ltd	+30,700	428,647	$6,519,720
PZG	Paramount Gold Nevada Corp.	+30,000	200,000	$228,000
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ULCC	Frontier Group Holdings, Inc.	−1,866,757	4,914,655	$38,874,921
AAL	American Airlines Group Inc.	−433,877	6,001,172	$108,441,178
SCZM	Santacruz Silver Mining Ltd.	−431,754	350,000	$2,271,500
CDE	Coeur Mining, Inc.	−390,547	439,303	$7,169,424
SVM	Silvercorp Metals Inc	−367,663	250,000	$2,525,000
GFI	Gold Fields Ltd	−291,358	25,000	$839,750
CGAU	Centerra Gold Inc.	−138,452	300,000	$4,758,000
AU	AngloGold Ashanti PLC	−120,445	10,000	$808,900
AGI	Alamos Gold Inc	−101,021	100,000	$3,034,000
DAL	Delta Air Lines, Inc.	−96,733	1,075,013	$100,685,717
IAG	Iamgold Corp	−93,095	878,486	$13,915,218
RGLD	Royal Gold Inc	−79,985	1,255	$250,510
HAFN	Hafnia Ltd	−55,095	50,084	$332,557
AUGO	Aura Minerals Inc.	−50,000	50,000	$3,147,500
ITRG	Integra Resources Corp.	−43,000	350,000	$794,500
MMYT	MakeMyTrip Ltd	−41,327	99,379	$5,295,906
EMBJ	Embraer S.A.	−39,047	73,982	$4,720,051
AEM	Agnico Eagle Mines Ltd	−29,133	30,000	$4,653,900
MTA	Metalla Royalty & Streaming Ltd.	−20,000	558,500	$4,250,185
BWLP	BW LPG Ltd	−15,755	33,953	$591,800
LTH	Life Time Group Holdings, Inc.	−9,500	31,600	$1,290,544
XOM	ExxonMobil Holdings Corp	−9,000	8,500	$1,162,120
UBS	UBS Group AG	−5,500	22,300	$1,105,188
NTR	Nutrien Ltd.	−5,000	25,000	$1,573,750
UAL	United Airlines Holdings, Inc.	−3,875	780,724	$106,170,656
No positions match the current search.

New Positions

Positions the filer opened this quarter

11 positions

Ticker	Company	Shares	Value
AYA	Aya Gold & Silver Inc.	1,125,000	$21,307,500
AXP	American Express Co	3,930	$1,329,322
OGC	OceanaGold Corp	50,000	$1,254,000
INSW	International Seaways, Inc.	11,130	$852,446
BX	Blackstone Inc.	6,300	$741,321
SSMR	Sunshine Silver Mining & Refining Co	55,000	$727,100
STNG	Scorpio Tankers Inc.	9,480	$656,584
AAPL	Apple Inc.	2,000	$578,720
SIND	Sinda Ltd.	35,000	$420,000
ESEA	Euroseas Ltd.	5,000	$331,850
FRVO	Fervo Energy Co	10,000	$292,300
No positions match the current search.

Sold Out

Positions the filer fully exited

20 positions

Ticker	Company	Shares	Value
DRD	Drdgold Ltd	245,545	$7,211,656
KGC	Kinross Gold Corp	195,363	$5,962,478
—		246,374	$3,974,012
ELE	Elemental Royalty Corp	150,000	$2,826,000
SA	Seabridge Gold Inc	40,000	$1,133,600
AG	First Majestic Silver Corp	50,000	$1,074,000
EXE	EXPAND ENERGY Corp	7,500	$823,350
EQT	EQT Corp	12,000	$763,680
BG	Bunge Global SA	4,000	$508,800
TRMD	TORM plc	14,192	$395,956
MATX	Matson, Inc.	2,343	$384,111
CNR	Core Natural Resources, Inc.	3,100	$324,663
HYMC	Hycroft Mining Holding Corp	9,000	$316,800
BTU	Peabody Energy Corp	8,600	$283,370
SLI	Standard Lithium Ltd.	75,000	$255,750
FURY	Fury Gold Mines Ltd	350,000	$213,150
EU	enCore Energy Corp.	50,000	$90,000
AGNG	Global X Funds Global X Aging Population ETF	4,500	$89,460
AA	Alcoa Corp	1,000	$66,330
—		20,000	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

126 tracked positions · $1,040,641,554 total · as of Jun 30, 2026

All sectors Basic Materials Consumer Cyclical Consumer Defensive Energy Financial Services Industrials Technology Utilities

Showing 1–50 of 126 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AAL	American Airlines Group Inc. Industrials	Reduced	6,001,172	-433,877	$108,441,178	+56.9%	10.42%
UAL	United Airlines Holdings, Inc. Industrials	Reduced	780,724	-3,875	$106,170,656	+47.0%	10.20%
LUV	Southwest Airlines Co Industrials	Added	1,985,637	+317,282	$102,101,454	+62.9%	9.81%
DAL	Delta Air Lines, Inc. Industrials	Reduced	1,075,013	-96,733	$100,685,717	+29.3%	9.68%
ALGT	Allegiant Travel CO Industrials	Added	347,245	+48,020	$40,836,012	+68.4%	3.92%
ULCC	Frontier Group Holdings, Inc. Industrials	Reduced	4,914,655	-1,866,757	$38,874,921	+62.4%	3.74%
JBLU	Jetblue Airways Corp Industrials	Added	5,996,231	+453,695	$34,358,403	+40.2%	3.30%
ALK	Alaska Air Group, Inc. Industrials	Added	639,713	+43,141	$33,393,018	+52.2%	3.21%
SKYW	Skywest Inc Industrials	Added	333,087	+75,494	$33,085,531	+39.9%	3.18%
AYA	Aya Gold & Silver Inc. Basic Materials	NEW	1,125,000	NEW	$21,307,500	NEW	2.05%
SABR	Sabre Corp Technology	Added	9,885,943	+2,351,037	$20,661,620	+89.1%	1.99%
TRIP	TripAdvisor, Inc. Consumer Cyclical	Added	1,393,974	+21,033	$19,111,383	+30.6%	1.84%
EXPE	Expedia Group, Inc. Consumer Cyclical	Added	73,940	+17,911	$18,919,767	+46.3%	1.82%
OR	OR Royalties Inc. Basic Materials	Added	580,723	+46,098	$18,368,268	−9.6%	1.77%
BKNG	Booking Holdings Inc. Consumer Cyclical	Added	101,546	+98,538	$18,099,559	+42.9%	1.74%
FNV	FRANCO NEVADA Corp Basic Materials	Reduced	80,622	-3,788	$16,804,849	−19.4%	1.61%
GD	General Dynamics Corp Industrials	Added	46,295	+10,198	$16,399,540	+32.4%	1.58%
TXT	Textron Inc Industrials	Added	177,167	+37,213	$16,251,528	+32.6%	1.56%
BA	Boeing Co Industrials	Added	74,907	+12,315	$16,215,118	+30.2%	1.56%
WPM	Wheaton Precious Metals Corp. Basic Materials	Added	139,426	+110,362	$15,660,328	+311.3%	1.50%
IAG	Iamgold Corp Basic Materials	Reduced	878,486	-93,095	$13,915,218	−23.9%	1.34%
USAS	Americas Gold & Silver Corp Basic Materials	Added	2,625,000	+825,000	$12,390,000	+31.9%	1.19%
LTM	Latam Airlines Group S.A. Industrials	Added	161,198	+25,058	$9,393,007	+39.6%	0.90%
RYAAY	Ryanair Holdings PLC Industrials	Added	139,753	+35,552	$9,049,006	+50.2%	0.87%
EXK	Endeavour Silver Corp Basic Materials	Added	1,043,200	+748,000	$8,637,696	+214.3%	0.83%
PAAS	Pan American Silver Corp Basic Materials	Added	176,555	+103,000	$7,907,898	+96.8%	0.76%
VOXR	Vox Royalty Corp. Basic Materials	Held	1,662,000	0	$7,861,260	−9.7%	0.76%
CDE	Coeur Mining, Inc. Basic Materials	Reduced	439,303	-390,547	$7,169,424	−54.0%	0.69%
TCOM	Trip.com Group Ltd Consumer Cyclical	Added	175,270	+51,927	$6,982,756	+13.7%	0.67%
HMY	Harmony Gold Mining Co Ltd Basic Materials	Added	428,647	+30,700	$6,519,720	+6.6%	0.63%
FSM	Fortuna Mining Corp. Basic Materials	Added	743,591	+359,941	$6,283,343	+64.9%	0.60%
B	Barrick Mining Corp Basic Materials	Added	170,000	+27,135	$6,244,100	+7.1%	0.60%
ARIS	Aris Mining Corp Basic Materials	Added	400,000	+60,000	$5,964,000	−5.5%	0.57%
MMYT	MakeMyTrip Ltd Consumer Cyclical	Reduced	99,379	-41,327	$5,295,906	+0.9%	0.51%
TFPM	Triple Flag Precious Metals Corp. Basic Materials	Added	172,000	+112,000	$5,154,840	+147.5%	0.50%
CGAU	Centerra Gold Inc. Basic Materials	Reduced	300,000	-138,452	$4,758,000	−39.0%	0.46%
OMAB	Central North Airport Group Industrials	Added	41,857	+11,707	$4,733,608	+36.8%	0.45%
EMBJ	Embraer S.A. Industrials	Reduced	73,982	-39,047	$4,720,051	−29.6%	0.45%
AEM	Agnico Eagle Mines Ltd Basic Materials	Reduced	30,000	-29,133	$4,653,900	−61.2%	0.45%
NEM	NEWMONT Corp /DE/ Basic Materials	Added	49,739	+12,909	$4,645,622	+16.5%	0.45%
CPA	Copa Holdings, S.A. Industrials	Added	29,833	+1,326	$4,641,119	+43.3%	0.45%
ASR	Southeast Airport Group Industrials	Added	14,624	+4,636	$4,485,180	+33.6%	0.43%
MTA	Metalla Royalty & Streaming Ltd. Basic Materials	Reduced	558,500	-20,000	$4,250,185	+10.8%	0.41%
ASM	Avino Silver & Gold Mines Ltd Basic Materials	Added	610,000	+510,000	$3,867,400	+511.9%	0.37%
VZLA	Vizsla Silver Corp. Basic Materials	Held	1,050,000	0	$3,465,000	0.0%	0.33%
AUGO	Aura Minerals Inc. Basic Materials	Reduced	50,000	-50,000	$3,147,500	−61.4%	0.30%
SSRM	Ssr Mining Inc. Basic Materials	Held	110,000	0	$3,110,800	−3.8%	0.30%
VMET	Versamet Royalties Corp Basic Materials	Held	250,000	0	$3,075,000	+29.3%	0.30%
AGI	Alamos Gold Inc Basic Materials	Reduced	100,000	-101,021	$3,034,000	−66.0%	0.29%
RACE	Ferrari N.V. Consumer Cyclical	Held	7,925	0	$2,950,398	+10.0%	0.28%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.