CIK: 0000754811
Total reported value
$857.6M
Reporting period: 2026-03-31 · Number of holdings: 162
U S GLOBAL INVESTORS INC disclosed 162 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $857.6M and a quarterly turnover rate of 37.2%.
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U S Global Investors INC's disclosed holdings carry a Herfindahl concentration index of 0.037 — mathematically equivalent to about 27 equally-sized positions, well below its 162 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.01), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Trim LUV
-20.8% -$24.4M
Trim WPM
-81.7% -$14.9M
Add CDE
+133.8% $9.2M
Add IAG
+69.0% $8.8M
Trim AAL
+15.5% -$16.3M
Add OR
+55.8% $8.2M
Showing top 135 holdings (of 162 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | DAL | Delta Air Lines INC | Stock-Industrials | 9.08% | +0.04% | -3.70% | |
| 2 | UAL | United Airlines Holdings INC | Stock-Industrials | 8.42% | -1.06% | -0.94% | |
| 3 | AAL | American Airlines Group INC | Stock-Industrials | 8.06% | -1.08% | +15.53% | |
| 4 | LUV | Southwest Airlines Co | Stock-Industrials | 7.31% | -2.02% | -20.83% | |
| 5 | JBLU | Jetblue Airways CORP | Stock-Industrials | 2.86% | +0.56% | +17.21% | |
| 6 | ALGT | Allegiant Travel Co | Stock-Other | 2.83% | — | +5.11% | |
| 7 | ULCC | Frontier Group Holdings INC | Stock-Other | 2.79% | +0.70% | +63.88% | |
| 8 | SKYW | Skywest INC | Stock-Industrials | 2.76% | — | +15.51% | |
| 9 | ALK | Alaska Air Group INC | Stock-Industrials | 2.56% | — | +30.85% | |
| 10 | FNV | Franco-nevada CORP | Stock-Materials | 2.43% | +0.45% | -5.49% | |
| 11 | RGLD | Royal Gold INC | Stock-Materials | 2.41% | — | -6.55% | |
| 12 | OR | Or Royalties INC | Stock-Other | 2.37% | +1.07% | +55.76% | |
| 13 | IAG | Iamgold CORP | Stock-Other | 2.13% | +1.11% | +68.97% | |
| 14 | CDE | Coeur Mining INC | Stock-Materials | 1.82% | +1.14% | +133.76% | |
| 15 | TRIP | Tripadvisor INC | Stock-Other | 1.71% | — | +32.29% | |
| 16 | GFI | Gold Fields Ltd-spons Adr | Stock-Materials | 1.67% | +0.97% | +110.91% | |
| 17 | EXPE | Expedia Group INC | Stock-Consumer Disc | 1.51% | -0.21% | -1.38% | |
| 18 | AU | AngloGold Ashanti plc | Stock-Materials | 1.48% | +0.66% | +44.94% | |
| 19 | BKNG | Booking Holdings INC | Stock-Consumer Disc | 1.48% | -0.26% | -0.73% | |
| 20 | BA | Boeing Co/the | Stock-Industrials | 1.45% | -0.35% | -19.02% | |
| 21 | GD | General Dynamics CORP | Stock-Industrials | 1.44% | -0.25% | -22.84% | |
| 22 | TXT | Textron INC | Stock-Industrials | 1.43% | -0.29% | -23.91% | |
| 23 | AEM | Agnico Eagle Mines LTD | Stock-Materials | 1.40% | +0.86% | +97.11% | |
| 24 | SABR | Sabre CORP | Stock-Tech | 1.27% | -0.21% | -25.94% | |
| 25 | USAS | Americas Gold And Silver Cor | Stock-Other | 1.10% | — | — | |
| 26 | AGI | Alamos Gold Inc-class A | Stock-Materials | 1.04% | +0.90% | +474.35% | |
| 27 | VOXR | Vox Royalty CORP | Stock-Other | 1.02% | — | +6.40% | |
| 28 | AUGO | Aura Minerals Inc. | Stock-Other | 0.95% | +0.41% | — | |
| 29 | CGAU | Centerra Gold INC | Stock-Other | 0.91% | -0.20% | -39.27% | |
| 30 | DRD | Drdgold Ltd-sponsored Adr | Stock-Other | 0.84% | — | +10.59% | |
| 31 | SCZM | Santacruz Silver Mining LTD | Stock-Other | 0.79% | +0.79% | NEW | |
| 32 | LTM | Latam Airlines Group Sa-adr | Stock-Other | 0.78% | -0.10% | -10.21% | |
| 33 | EMBJ | Embraer Sa-spon Adr | Stock-Industrials | 0.78% | — | -8.70% | |
| 34 | SVM | Silvercorp Metals INC | Stock-Other | 0.77% | +0.55% | +147.07% | |
| 35 | ARIS | Aris Mining CORP | Stock-Other | 0.74% | — | — | |
| 36 | TCOM | Trip.com Group Ltd-adr | Stock-Consumer Disc | 0.72% | -0.16% | +8.30% | |
| 37 | HMY | Harmony Gold Mng-spon Adr | Stock-Other | 0.71% | — | +49.37% | |
| 38 | RYAAY | Ryanair Holdings Plc-sp Adr | Stock-Industrials | 0.70% | -0.18% | -8.32% | |
| 39 | KGC | Kinross Gold CORP | Stock-Materials | 0.70% | +0.40% | +95.36% | |
| 40 | B | Barrick Mining CORP | Stock-Materials | 0.68% | -0.79% | -54.65% | |
| 41 | MMYT | MakeMyTrip Limited | Stock-Other | 0.61% | — | +176.60% | |
| 42 | PAAS | Pan American Silver CORP | Stock-Materials | 0.47% | — | — | |
| 43 | NEM | Newmont CORP | Stock-Materials | 0.46% | +0.46% | NEW | |
| 44 | ORLA | Orla Mining LTD | Stock-Other | 0.46% | +0.46% | NEW | |
| 45 | MTA | Metalla Royalty & Streaming | Stock-Other | 0.45% | -0.74% | -59.62% | |
| 46 | FSM | Fortuna Mining CORP | Stock-Other | 0.44% | -0.15% | -31.56% | |
| 47 | WPM | Wheaton Precious Metals CORP | Stock-Materials | 0.44% | -1.56% | -81.69% | |
| 48 | VZLA | Vizsla Silver CORP | Stock-Other | 0.41% | -0.21% | — | |
| 49 | OMAB | Grupo Aeroportuario Cen-adr | Stock-Other | 0.40% | — | -18.08% | |
| 50 | SBSW | Sibanye-stillwater Ltd-adr | Stock-Other | 0.40% | — | — |
Performance for Q3 2026
+10.4%
Performance Last 4 Quarters
+30.3%
Based on 82% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 162 | $857.6M | 37 | |
| 2025-12-31 | 158 | $934.0M | 33 | |
| 2025-09-30 | 171 | $885.8M | 35 | |
| 2025-06-30 | 173 | $850.3M | 0 | |
| 2025-03-31 | 170 | $757.4M | 100 | |
| 2024-12-31 | 160 | $1.0B | 0 | |
| 2024-09-30 | 169 | $1.0B | 0 | |
| 2024-06-30 | 163 | $1.1B | 0 | |
| 2024-03-31 | 180 | $1.2B | 0 | |
| 2023-12-31 | 181 | $1.5B | 0 | |
| 2023-09-30 | 151 | $1.2B | 0 | |
| 2023-06-30 | 140 | $1.7B | 0 | |
| 2023-03-31 | 152 | $1.5B | 0 | |
| 2022-12-31 | 153 | $1.7B | 0 | |
| 2022-09-30 | 153 | $1.6B | 0 | |
| 2022-06-30 | 163 | $2.1B | 0 | |
| 2022-03-31 | 162 | $3.0B | 0 | |
| 2021-12-31 | 172 | $2.7B | 0 | |
| 2021-09-30 | 176 | $3.1B | 0 | |
| 2021-06-30 | 170 | $3.0B | 100 | |
| 2021-03-31 | 167 | $3.1B | 44 | |
| 2020-12-31 | 201 | $2.3B | 60 | |
| 2020-09-30 | 208 | $1.4B | 36 | |
| 2020-06-30 | 225 | $1.1B | 100 | |
| 2020-03-31 | 185 | $373.9M | 100 | |
| 2019-12-31 | 185 | $222.9M | 47 | |
| 2019-09-30 | 182 | $184.0M | 65 | |
| 2019-06-30 | 219 | $193.7M | 67 | |
| 2019-03-31 | 218 | $208.9M | 56 | |
| 2018-12-31 | 183 | $173.1M | 55 | |
| 2018-09-30 | 184 | $207.2M | 61 | |
| 2018-06-30 | 175 | $219.9M | 75 | |
| 2018-03-31 | 143 | $162.7M | 54 | |
| 2017-12-31 | 155 | $219.4M | 78 | |
| 2017-09-30 | 174 | $336.7M | 54 | |
| 2017-06-30 | 170 | $292.1M | 100 | |
| 2017-03-31 | 179 | $43.2B | 100 | |
| 2016-12-31 | 185 | $238.3M | 100 | |
| 2016-09-30 | 212 | $211.5M | 65 | |
| 2016-06-30 | 196 | $182.2M | 75 | |
| 2016-03-31 | 232 | $186.3M | 86 | |
| 2015-12-31 | 314 | $191.8M | 83 | |
| 2015-09-30 | 371 | $188.5M | 79 | |
| 2015-06-30 | 356 | $260.8M | 100 | 199F99626YE995323P995 |
| 2015-03-31 | 399 | $358.3M | 100 | 195L995295L995391K996 |
| 2014-12-31 | 391 | $373.0M | 100 | 13U4998233Z99339T5997 |
| 2014-09-30 | 392 | $353.1M | 100 | |
| 2014-06-30 | 427 | $469.0M | 100 | |
| 2014-03-31 | 424 | $606.7M | 100 | 15QK99527VF99537ZD994 |
| 2013-12-31 | 442 | $555.6M | 70 | |
| 2013-09-30 | 439 | $585.0M | 87 | |
| 2013-06-30 | 439 | $583.7M | — |
U S Global Investors INC's most significant position changes for 2026-03-31: Sold out: Sun Country Airlines Holding (SNCY); New buy: Santacruz Silver Mining LTD (SCZM); Sold out: Caledonia Mng CORP PLC; Sold out: Allied Gold CORP (AAUC); Sold out: Galiano Gold INC (GAU).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | CDE | Coeur Mining INC | +1.1% | +133.76% | Add |
| 2 | IAG | Iamgold CORP | +1.1% | +68.97% | Add |
| 3 | OR | Or Royalties INC | +1.1% | +55.76% | Add |
| 4 | GFI | Gold Fields Ltd-spons Adr | +1% | +110.91% | Add |
| 5 | AGI | Alamos Gold Inc-class A | +0.9% | +474.35% | Add |
| 6 | AEM | Agnico Eagle Mines LTD | +0.9% | +97.11% | Add |
| 7 | ULCC | Frontier Group Holdings INC | +0.7% | +63.88% | Add |
| 8 | AU | AngloGold Ashanti plc | +0.7% | +44.94% | Add |
| 9 | JBLU | Jetblue Airways CORP | +0.6% | +17.21% | Add |
| 10 | SVM | Silvercorp Metals INC | +0.6% | +147.07% | Add |
| 11 | FNV | Franco-nevada CORP | +0.5% | -5.49% | Trim |
| 12 | AUGO | Aura Minerals Inc. | +0.4% | — | Unchanged |
| 13 | KGC | Kinross Gold CORP | +0.4% | +95.36% | Add |
| 14 | DAL | Delta Air Lines INC | 0% | -3.70% | Trim |
| 15 | LTM | Latam Airlines Group Sa-adr | -0.1% | -10.21% | Trim |
| 16 | FSM | Fortuna Mining CORP | -0.2% | -31.56% | Trim |
| 17 | TCOM | Trip.com Group Ltd-adr | -0.2% | +8.30% | Add |
| 18 | RYAAY | Ryanair Holdings Plc-sp Adr | -0.2% | -8.32% | Trim |
| 19 | CGAU | Centerra Gold INC | -0.2% | -39.27% | Trim |
| 20 | EXPE | Expedia Group INC | -0.2% | -1.38% | Trim |
| 21 | SABR | Sabre CORP | -0.2% | -25.94% | Trim |
| 22 | VZLA | Vizsla Silver CORP | -0.2% | — | Unchanged |
| 23 | GD | General Dynamics CORP | -0.3% | -22.84% | Trim |
| 24 | BKNG | Booking Holdings INC | -0.3% | -0.73% | Trim |
| 25 | TXT | Textron INC | -0.3% | -23.91% | Trim |
| 26 | BA | Boeing Co/the | -0.4% | -19.02% | Trim |
| 27 | ITRG | Integra Resources CORP | -0.5% | -71.65% | Trim |
| 28 | MTA | Metalla Royalty & Streaming | -0.7% | -59.62% | Trim |
| 29 | TFPM | Triple Flag Precious Met | -0.8% | -78.52% | Trim |
| 30 | B | Barrick Mining CORP | -0.8% | -54.65% | Trim |
| 31 | UAL | United Airlines Holdings INC | -1.1% | -0.94% | Trim |
| 32 | AAL | American Airlines Group INC | -1.1% | +15.53% | Add |
| 33 | WPM | Wheaton Precious Metals CORP | -1.6% | -81.69% | Trim |
| 34 | LUV | Southwest Airlines Co | -2% | -20.83% | Trim |
| 35 | SNCY | Sun Country Airlines Holding | — | EXIT | Sold out |
| 36 | SCZM | Santacruz Silver Mining LTD | — | NEW | New buy |
| 37 | ✓ | Caledonia Mng CORP PLC | — | EXIT | Sold out |
| 38 | AAUC | Allied Gold CORP | — | EXIT | Sold out |
| 39 | GAU | Galiano Gold INC | — | EXIT | Sold out |
| 40 | NEM | Newmont CORP | — | NEW | New buy |
| 41 | ORLA | Orla Mining LTD | — | NEW | New buy |
| 42 | SSRM | Ssr Mining INC | — | NEW | New buy |
| 43 | EQX | Equinox Gold CORP | — | EXIT | Sold out |
| 44 | VMET | Versamet Royalties CORP | — | NEW | New buy |
| 45 | GS | Goldman Sachs Group INC | — | EXIT | Sold out |
| 46 | AMZN | Amazon.com INC | — | NEW | New buy |
| 47 | HBM | Hudbay Minerals INC | — | EXIT | Sold out |
| 48 | EGO | Eldorado Gold CORP | — | EXIT | Sold out |
| 49 | DVS | Dolly Varden Silver LTD | — | EXIT | Sold out |
| 50 | NGDN | New Gold INC | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-01 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-01-28 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-21 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-07-24 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-04-24 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-05 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2024-10-21 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2024-07-23 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2024-04-24 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2024-01-23 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-10-18 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-07-24 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-04-28 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-03 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-06 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-02-08 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2021-11-08 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2021-08-10 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2021-04-23 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2021-02-11 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2020-11-13 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2020-08-14 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2020-05-04 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2020-02-12 | 13F-HR | View on EDGAR |
| 2019-09-30 | 2019-11-12 | 13F-HR | View on EDGAR |
| 2019-06-30 | 2019-08-09 | 13F-HR | View on EDGAR |
| 2019-03-31 | 2019-05-13 | 13F-HR | View on EDGAR |
| 2018-12-31 | 2019-02-12 | 13F-HR | View on EDGAR |
| 2018-09-30 | 2018-11-13 | 13F-HR | View on EDGAR |
| 2018-06-30 | 2018-08-14 | 13F-HR | View on EDGAR |
| 2018-03-31 | 2018-05-15 | 13F-HR | View on EDGAR |
| 2017-12-31 | 2018-02-13 | 13F-HR | View on EDGAR |
| 2017-09-30 | 2017-11-14 | Amendment | View on EDGAR |
| 2017-09-30 | 2017-11-13 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-17 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-12 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-10 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-13 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-16 | 13F-HR | View on EDGAR |
| 2015-09-30 | 2015-11-13 | 13F-HR | View on EDGAR |
| 2015-06-30 | 2015-08-14 | 13F-HR | View on EDGAR |
| 2015-03-31 | 2015-05-15 | 13F-HR | View on EDGAR |
| 2014-12-31 | 2015-02-13 | 13F-HR | View on EDGAR |
| 2014-09-30 | 2014-11-14 | 13F-HR | View on EDGAR |
| 2014-06-30 | 2014-08-14 | 13F-HR | View on EDGAR |
| 2014-03-31 | 2014-05-15 | 13F-HR | View on EDGAR |
| 2013-12-31 | 2014-03-05 | 13F-HR | View on EDGAR |
| 2013-09-30 | 2013-11-14 | 13F-HR | View on EDGAR |
| 2013-06-30 | 2013-08-14 | 13F-HR | View on EDGAR |
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