US

U S Global Investors INC

Diversified strategySector-focusedMomentum follower

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%.

Personality snowflake

Concentration
14.9
Portfolio Stability
37.17
Momentum/Contrarian
100
Sector conviction
100
Diversification
100
Sizing Uniformity
79.85

Recent moves

  • 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

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

Showing top 135 holdings (of 162 total)

#TickerIssuerAsset SubclassWeightWeight ChangeShares Change4Q Trend
1DALDelta Air Lines INCStock-Industrials9.08%+0.04%-3.70%
2UALUnited Airlines Holdings INCStock-Industrials8.42%-1.06%-0.94%
3AALAmerican Airlines Group INCStock-Industrials8.06%-1.08%+15.53%
4LUVSouthwest Airlines CoStock-Industrials7.31%-2.02%-20.83%
5JBLUJetblue Airways CORPStock-Industrials2.86%+0.56%+17.21%
6ALGTAllegiant Travel CoStock-Other2.83%—+5.11%
7ULCCFrontier Group Holdings INCStock-Other2.79%+0.70%+63.88%
8SKYWSkywest INCStock-Industrials2.76%—+15.51%
9ALKAlaska Air Group INCStock-Industrials2.56%—+30.85%
10FNVFranco-nevada CORPStock-Materials2.43%+0.45%-5.49%
11RGLDRoyal Gold INCStock-Materials2.41%—-6.55%
12OROr Royalties INCStock-Other2.37%+1.07%+55.76%
13IAGIamgold CORPStock-Other2.13%+1.11%+68.97%
14CDECoeur Mining INCStock-Materials1.82%+1.14%+133.76%
15TRIPTripadvisor INCStock-Other1.71%—+32.29%
16GFIGold Fields Ltd-spons AdrStock-Materials1.67%+0.97%+110.91%
17EXPEExpedia Group INCStock-Consumer Disc1.51%-0.21%-1.38%
18AUAngloGold Ashanti plcStock-Materials1.48%+0.66%+44.94%
19BKNGBooking Holdings INCStock-Consumer Disc1.48%-0.26%-0.73%
20BABoeing Co/theStock-Industrials1.45%-0.35%-19.02%
21GDGeneral Dynamics CORPStock-Industrials1.44%-0.25%-22.84%
22TXTTextron INCStock-Industrials1.43%-0.29%-23.91%
23AEMAgnico Eagle Mines LTDStock-Materials1.40%+0.86%+97.11%
24SABRSabre CORPStock-Tech1.27%-0.21%-25.94%
25USASAmericas Gold And Silver CorStock-Other1.10%——
26AGIAlamos Gold Inc-class AStock-Materials1.04%+0.90%+474.35%
27VOXRVox Royalty CORPStock-Other1.02%—+6.40%
28AUGOAura Minerals Inc.Stock-Other0.95%+0.41%—
29CGAUCenterra Gold INCStock-Other0.91%-0.20%-39.27%
30DRDDrdgold Ltd-sponsored AdrStock-Other0.84%—+10.59%
31SCZMSantacruz Silver Mining LTDStock-Other0.79%+0.79%NEW
32LTMLatam Airlines Group Sa-adrStock-Other0.78%-0.10%-10.21%
33EMBJEmbraer Sa-spon AdrStock-Industrials0.78%—-8.70%
34SVMSilvercorp Metals INCStock-Other0.77%+0.55%+147.07%
35ARISAris Mining CORPStock-Other0.74%——
36TCOMTrip.com Group Ltd-adrStock-Consumer Disc0.72%-0.16%+8.30%
37HMYHarmony Gold Mng-spon AdrStock-Other0.71%—+49.37%
38RYAAYRyanair Holdings Plc-sp AdrStock-Industrials0.70%-0.18%-8.32%
39KGCKinross Gold CORPStock-Materials0.70%+0.40%+95.36%
40BBarrick Mining CORPStock-Materials0.68%-0.79%-54.65%
41MMYTMakeMyTrip LimitedStock-Other0.61%—+176.60%
42PAASPan American Silver CORPStock-Materials0.47%——
43NEMNewmont CORPStock-Materials0.46%+0.46%NEW
44ORLAOrla Mining LTDStock-Other0.46%+0.46%NEW
45MTAMetalla Royalty & StreamingStock-Other0.45%-0.74%-59.62%
46FSMFortuna Mining CORPStock-Other0.44%-0.15%-31.56%
47WPMWheaton Precious Metals CORPStock-Materials0.44%-1.56%-81.69%
48VZLAVizsla Silver CORPStock-Other0.41%-0.21%—
49OMABGrupo Aeroportuario Cen-adrStock-Other0.40%—-18.08%
50SBSWSibanye-stillwater Ltd-adrStock-Other0.40%——
1–50 of 135

Holding changes this quarter

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).

Position changes disclosed by U S Global Investors INC for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#TickerIssuerWeight ChangeShares ChangeAction
1CDECoeur Mining INC+1.1%+133.76%Add
2IAGIamgold CORP+1.1%+68.97%Add
3OROr Royalties INC+1.1%+55.76%Add
4GFIGold Fields Ltd-spons Adr+1%+110.91%Add
5AGIAlamos Gold Inc-class A+0.9%+474.35%Add
6AEMAgnico Eagle Mines LTD+0.9%+97.11%Add
7ULCCFrontier Group Holdings INC+0.7%+63.88%Add
8AUAngloGold Ashanti plc+0.7%+44.94%Add
9JBLUJetblue Airways CORP+0.6%+17.21%Add
10SVMSilvercorp Metals INC+0.6%+147.07%Add
11FNVFranco-nevada CORP+0.5%-5.49%Trim
12AUGOAura Minerals Inc.+0.4%—Unchanged
13KGCKinross Gold CORP+0.4%+95.36%Add
14DALDelta Air Lines INC0%-3.70%Trim
15LTMLatam Airlines Group Sa-adr-0.1%-10.21%Trim
16FSMFortuna Mining CORP-0.2%-31.56%Trim
17TCOMTrip.com Group Ltd-adr-0.2%+8.30%Add
18RYAAYRyanair Holdings Plc-sp Adr-0.2%-8.32%Trim
19CGAUCenterra Gold INC-0.2%-39.27%Trim
20EXPEExpedia Group INC-0.2%-1.38%Trim
21SABRSabre CORP-0.2%-25.94%Trim
22VZLAVizsla Silver CORP-0.2%—Unchanged
23GDGeneral Dynamics CORP-0.3%-22.84%Trim
24BKNGBooking Holdings INC-0.3%-0.73%Trim
25TXTTextron INC-0.3%-23.91%Trim
26BABoeing Co/the-0.4%-19.02%Trim
27ITRGIntegra Resources CORP-0.5%-71.65%Trim
28MTAMetalla Royalty & Streaming-0.7%-59.62%Trim
29TFPMTriple Flag Precious Met-0.8%-78.52%Trim
30BBarrick Mining CORP-0.8%-54.65%Trim
31UALUnited Airlines Holdings INC-1.1%-0.94%Trim
32AALAmerican Airlines Group INC-1.1%+15.53%Add
33WPMWheaton Precious Metals CORP-1.6%-81.69%Trim
34LUVSouthwest Airlines Co-2%-20.83%Trim
35SNCYSun Country Airlines Holding—EXITSold out
36SCZMSantacruz Silver Mining LTD—NEWNew buy
37✓ Caledonia Mng CORP PLC—EXITSold out
38AAUCAllied Gold CORP—EXITSold out
39GAUGaliano Gold INC—EXITSold out
40NEMNewmont CORP—NEWNew buy
41ORLAOrla Mining LTD—NEWNew buy
42SSRMSsr Mining INC—NEWNew buy
43EQXEquinox Gold CORP—EXITSold out
44VMETVersamet Royalties CORP—NEWNew buy
45GSGoldman Sachs Group INC—EXITSold out
46AMZNAmazon.com INC—NEWNew buy
47HBMHudbay Minerals INC—EXITSold out
48EGOEldorado Gold CORP—EXITSold out
49DVSDolly Varden Silver LTD—EXITSold out
50NGDNNew Gold INC—EXITSold out

FAQ

What is U S Global Investors INC and what type of investor is it?
U S Global Investors INC is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $857.6M, spread across 162 disclosed positions.
What are U S Global Investors INC's largest equity positions?
Based on the latest 13F filing, U S Global Investors INC's top holdings by market value are: 1. Delta Air Lines INC (DAL) — $77.9M (9.1%) 2. United Airlines Holdings INC (UAL) — $72.2M (8.4%) 3. American Airlines Group INC (AAL) — $69.1M (8.1%) 4. Southwest Airlines Co (LUV) — $62.7M (7.3%) 5. Jetblue Airways CORP (JBLU) — $24.5M (2.9%)
What changes did U S Global Investors INC make in its most recent portfolio filing?
In the latest reported quarter, U S Global Investors INC made 48 notable position adjustments: 6 new positions were initiated, 13 existing holdings were added to, 19 positions were partially reduced, and 10 were completely exited. The largest of these moves: 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)
What sectors does U S Global Investors INC focus on?
U S Global Investors INC is concentrated in the following sectors based on its current disclosed equity portfolio: • Industrials: 65.1% • Materials: 22.8% • Consumer Discretionary: 7.7% • Energy: 2.1% • Information Technology: 1.8% • Consumer Staples: 0.3%