13F HOLDINGS REPORT
U S GLOBAL INVESTORS INC
Quarter ended Q2 2025 · Filed July 24, 2025 · Accession 0001437749-25-023434
Total Value
$850.3M
Positions
173
Other Managers
0
Confidential Omitted
No
Holdings (173)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | UNITED AIRLINES | UNTCW | 1,102,816 | $87.8M | 10.33% |
| 2 | DELTA AIR LI | DAL | 1,766,167 | $86.9M | 10.22% |
| 3 | AMERICAN AIRLINE | 02376R102 | 7,718,224 | $86.6M | 10.18% |
| 4 | SOUTHWEST AIR | 844741108 | 2,657,069 | $86.2M | 10.14% |
| 5 | SKYWEST INC | SKYW | 240,403 | $24.8M | 2.91% |
| 6 | SUN COUNTRY HOLD | 866683105 | 2,076,107 | $24.4M | 2.87% |
| 7 | ALASKA AIR GROUP | ALK | 479,052 | $23.7M | 2.79% |
| 8 | ALLEGIANT TRAVEL | ALGT | 430,153 | $23.6M | 2.78% |
| 9 | FRONTIER GROUP H | ULCC | 6,204,862 | $22.5M | 2.65% |
| 10 | JETBLUE AIRWAYS | 477143101 | 5,021,419 | $21.2M | 2.50% |
| 11 | SABRE CORP | SABR | 5,646,761 | $17.8M | 2.10% |
| 12 | BOOKING HOLDINGS | BKNG | 3,018 | $17.5M | 2.05% |
| 13 | GENERAL DYNAMICS | GD | 59,749 | $17.4M | 2.05% |
| 14 | TEXTRON INC | TXT | 212,794 | $17.1M | 2.01% |
| 15 | BOEING CO/THE | BA-PA | 77,873 | $16.3M | 1.92% |
| 16 | EXPEDIA GROUP IN | EXPE | 95,298 | $16.1M | 1.89% |
| 17 | TRIPADVISOR INC | TRIP | 1,163,738 | $15.2M | 1.79% |
| 18 | ROYAL GOLD INC | RGLD | 71,309 | $12.7M | 1.49% |
| 19 | WHEATON PRECIOUS | WPM | 140,310 | $12.6M | 1.48% |
| 20 | FRANCO-NEVADA CO | FNV | 75,825 | $12.4M | 1.46% |
| 21 | EMBRAER SA-ADR | EMBJ | 175,040 | $10.0M | 1.17% |
| 22 | RYANAIR HLDG-ADR | RYAOF | 140,783 | $8.1M | 0.95% |
| 23 | TRIP.COM GRO-ADR | TRPCF | 134,738 | $7.9M | 0.93% |
| 24 | ALAMOS GOLD INC NEW | AGI | 250,000 | $6.6M | 0.78% |
| 25 | SANDSTORM GOLD | 80013R206 | 549,747 | $5.2M | 0.61% |
| 26 | TRIPLE FLAG | TFPM | 209,767 | $5.0M | 0.58% |
| 27 | OR ROYALTIES INC | OR | 192,131 | $4.9M | 0.58% |
| 28 | AGNICO EAGLE MINES LTD | AEM | 39,000 | $4.6M | 0.55% |
| 29 | ALLIED GOLD CORP | AAUC | 343,648 | $4.6M | 0.54% |
| 30 | VOX ROYALTY CORP | VOXR | 1,415,000 | $4.5M | 0.53% |
| 31 | COPA HOLDIN-CL A | CPA | 40,269 | $4.4M | 0.52% |
| 32 | OR ROYALTIES INC | OR | 170,000 | $4.4M | 0.51% |
| 33 | LATAM AIRLINES G | LTM | 107,017 | $4.3M | 0.51% |
| 34 | GRUPO AEROPO-ADR | 40051E202 | 13,279 | $4.2M | 0.50% |
| 35 | MAKEMYTRIP LTD | MMYT | 42,204 | $4.1M | 0.49% |
| 36 | SIBANYE-STI-ADR | SBYSF | 556,542 | $4.0M | 0.47% |
| 37 | KINROSS GOLD CORP | KGCRF | 250,000 | $3.9M | 0.46% |
| 38 | OR ROYALTIES INC. | OR | 150,000 | $3.9M | 0.45% |
| 39 | AVINO SILVER | ASM | 1,065,432 | $3.8M | 0.45% |
| 40 | CENTERRA GOLD IN | CGAU | 527,284 | $3.8M | 0.45% |
| 41 | SILVERCORP METAL | SVM | 886,666 | $3.7M | 0.44% |
| 42 | IAMGOLD CORP | IAG | 500,000 | $3.7M | 0.43% |
| 43 | FORTUNA MINING C | 349942102 | 553,143 | $3.6M | 0.43% |
| 44 | HARMONY GOLD-ADR | HGMCF | 257,960 | $3.6M | 0.42% |
| 45 | DRDGOLD LTD-ADR | DRDGF | 265,755 | $3.5M | 0.42% |
| 46 | HECLA MNG CO | 422704106 | 550,000 | $3.3M | 0.39% |
| 47 | COEUR MNG INC | 192108504 | 335,000 | $3.0M | 0.35% |
| 48 | ANGLOGOLD ASHANTI PLC | AU | 65,000 | $3.0M | 0.35% |
| 49 | FERRARI N V | RACE | 5,485 | $2.7M | 0.32% |
| 50 | MAG SILVER CORP | 55903Q104 | 125,000 | $2.6M | 0.31% |
| 51 | TESLA INC | TSLA | 7,840 | $2.5M | 0.29% |
| 52 | ROYAL CARIBBEAN GROUP | V7780T103 | 7,855 | $2.5M | 0.29% |
| 53 | CARNIVAL CORP | CUKPF | 86,000 | $2.4M | 0.28% |
| 54 | GOLD FIELDS LTD | GFIOF | 100,000 | $2.4M | 0.28% |
| 55 | VIZSLA SILVER CO | VZLA | 800,000 | $2.4M | 0.28% |
| 56 | FRANCO NEV CORP | FNV | 13,000 | $2.1M | 0.25% |
| 57 | GOLDMAN SACHS GROUP INC | GSCE | 2,525 | $1.8M | 0.21% |
| 58 | ARIS MINING CORP | 04040Y109 | 250,000 | $1.7M | 0.20% |
| 59 | ENDEAVOUR SILVER | EXK | 320,000 | $1.6M | 0.19% |
| 60 | B2GOLD CORP | BTG | 425,000 | $1.5M | 0.18% |
| 61 | CHENIERE ENERGY INC | LNG | 6,000 | $1.5M | 0.17% |
| 62 | NUTRIEN LTD | NTR | 25,000 | $1.5M | 0.17% |
| 63 | ROYAL GOLD INC | RGLD | 8,000 | $1.4M | 0.17% |
| 64 | SANDSTORM GOLD LTD | 80013R206 | 150,000 | $1.4M | 0.17% |
| 65 | DOLLY VARDEN SIL | DVS | 412,500 | $1.4M | 0.16% |
| 66 | HILTON WORLDWIDE HLDGS INC | HLT | 5,150 | $1.4M | 0.16% |
| 67 | ALLIED GOLD CORP | AAUC | 100,000 | $1.3M | 0.16% |
| 68 | NORTHERN TR CORP | NTRSO | 10,450 | $1.3M | 0.16% |
| 69 | EMX ROYALTY CORP | 26873J107 | 500,000 | $1.3M | 0.15% |
| 70 | NEW GOLD INC CDA | 644535106 | 250,000 | $1.2M | 0.15% |
| 71 | AMERICAS GOLD AN | 03062D100 | 1,500,000 | $1.2M | 0.14% |
| 72 | NEWMONT CORP | NEMCL | 20,000 | $1.2M | 0.14% |
| 73 | EXXON MOBIL CORP | XOM | 10,500 | $1.1M | 0.13% |
| 74 | GE VERNOVA INC | GEV | 2,000 | $1.1M | 0.12% |
| 75 | SILVERCORP METALS INC | SVM | 250,000 | $1.1M | 0.12% |
| 76 | LIFE TIME GROUP HOLDINGS INC | LTH | 33,600 | $1.0M | 0.12% |
| 77 | HUDBAY MINERALS INC | HBM | 95,000 | $1.0M | 0.12% |
| 78 | COEUR MNG INC | 192108504 | 111,000 | $983,460 | 0.12% |
| 79 | TOTALENERGIES SE | TTE | 15,000 | $920,850 | 0.11% |
| 80 | BIRKENSTOCK HOLDING PLC | BIRK | 17,500 | $860,650 | 0.10% |
| 81 | SHELL PLC | RYDAF | 11,000 | $774,510 | 0.09% |
| 82 | LAUDER ESTEE COS INC | 518439104 | 9,500 | $767,600 | 0.09% |
| 83 | J P MORGAN EXCHANGE TRADED F | 46641Q654 | 15,000 | $763,800 | 0.09% |
| 84 | LULULEMON ATHLETICA INC | LULU | 3,200 | $760,256 | 0.09% |
| 85 | VIZSLA SILVER CO | VZLA | 250,000 | $738,645 | 0.09% |
| 86 | HARMONY GOLD MINING CO LTD | HGMCF | 50,000 | $698,500 | 0.08% |
| 87 | AMAZON COM INC | AMZN | 3,125 | $685,594 | 0.08% |
| 88 | FREEPORT-MCMORAN INC | FCX | 15,000 | $650,250 | 0.08% |
| 89 | VOX ROYALTY CORP | VOXR | 185,000 | $584,600 | 0.07% |
| 90 | TAPESTRY INC | TPR | 6,500 | $570,765 | 0.07% |
| 91 | OSISKO DEVELOPME | OSDVF | 250,000 | $536,528 | 0.06% |
| 92 | OR ROYALTIES INC. | OR | 20,000 | $514,200 | 0.06% |
| 93 | OR ROYALTIES INC. | OR | 20,000 | $514,200 | 0.06% |
| 94 | TOLL BROTHERS INC | TOL | 4,350 | $496,466 | 0.06% |
| 95 | NORWEGIAN CRUISE LINE HLDG L | NCLH | 24,000 | $486,720 | 0.06% |
| 96 | NEWMONT CORP | NEMCL | 250 | $456,250 | 0.05% |
| 97 | ON HLDG AG | H5919C104 | 8,650 | $450,233 | 0.05% |
| 98 | CORTEVA INC | CTVA | 6,000 | $447,180 | 0.05% |
| 99 | BARRICK GOLD CORP | 06849F108 | 865 | $441,150 | 0.05% |
| 100 | RANGE RES CORP | RRC | 10,500 | $427,035 | 0.05% |
| 101 | FRANCO NEV CORP | FNV | 2,500 | $409,800 | 0.05% |
| 102 | ANTERO RESOURCES CORP | AR | 10,000 | $402,800 | 0.05% |
| 103 | ENDEAVOUR SILVER | EXK | 80,000 | $394,532 | 0.05% |
| 104 | ZIM INTEGRATED S | ZIM | 24,475 | $393,803 | 0.05% |
| 105 | OR ROYALTIES INC | OR | 15,000 | $385,859 | 0.05% |
| 106 | COLLECTIVE MININ | CNL | 35,000 | $383,287 | 0.05% |
| 107 | LINDE PLC | LIN | 800 | $375,344 | 0.04% |
| 108 | ALLIANCE RESOURCE PARTNERS L | ARLP | 14,000 | $365,960 | 0.04% |
| 109 | PERPETUA RESOURCES CORP | PPTA | 30,000 | $364,200 | 0.04% |
| 110 | IVANHOE ELECTRIC | IE | 40,000 | $362,800 | 0.04% |
| 111 | BP PLC | BPPFF | 12,000 | $359,160 | 0.04% |
| 112 | INTERNATIONAL PAPER CO | 460146103 | 7,500 | $351,225 | 0.04% |
| 113 | TECK RESOURCES LTD | TCKRF | 8,500 | $343,230 | 0.04% |
| 114 | ICL GROUP LTD | ICL | 49,300 | $339,184 | 0.04% |
| 115 | WEYERHAEUSER CO MTN BE | WY | 13,000 | $333,970 | 0.04% |
| 116 | TEEKAY CORP LTD | TK | 40,156 | $331,287 | 0.04% |
| 117 | FRANCO NEV CORP | FNV | 1,980 | $324,562 | 0.04% |
| 118 | DEVON ENERGY CORP NEW | 25179M103 | 10,000 | $318,100 | 0.04% |
| 119 | WHEATON PRECIOUS METALS CORP | WPM | 3,500 | $314,300 | 0.04% |
| 120 | AGNICO EAGLE MINES LTD | AEM | 2,500 | $297,325 | 0.03% |
| 121 | SILVERCORP METALS INC | SVM | 70,000 | $295,400 | 0.03% |
| 122 | CONSTELLATION BRANDS INC | STZ | 1,800 | $292,824 | 0.03% |
| 123 | SEABRIDGE GOLD INC | SA | 20,000 | $290,400 | 0.03% |
| 124 | SEABRIDGE GOLD INC | SA | 20,000 | $290,400 | 0.03% |
| 125 | COLLECTIVE MININ | CNL | 25,000 | $273,776 | 0.03% |
| 126 | ROYAL GOLD INC | RGLD | 1,530 | $272,095 | 0.03% |
| 127 | FEDEX CORP | FDX | 1,150 | $261,407 | 0.03% |
| 128 | ENDEAVOUR SILVER | EXK | 52,500 | $258,912 | 0.03% |
| 129 | UNITED PARCEL-B | UPS | 2,475 | $249,827 | 0.03% |
| 130 | ZTO EXPRESS -ADR | ZTOEF | 14,048 | $249,352 | 0.03% |
| 131 | EXPEDITORS INTL | 302130109 | 2,179 | $248,951 | 0.03% |
| 132 | WOODSIDE ENERGY GROUP LTD | WOPEF | 15,000 | $231,450 | 0.03% |
| 133 | ORLA MINING LTD | 68634K106 | 23,000 | $231,251 | 0.03% |
| 134 | INTEGRA RES CORP | ITRG | 150,000 | $225,000 | 0.03% |
| 135 | PERMIAN RESOURCES CORP | PR | 15,000 | $204,300 | 0.02% |
| 136 | SOLITARIO RESOURCES CORP | XPL | 310,000 | $201,500 | 0.02% |
| 137 | OR ROYALTIES INC. | OR | 7,700 | $197,967 | 0.02% |
| 138 | STEEL DYNAMICS INC | STLD | 1,500 | $192,015 | 0.02% |
| 139 | CAMECO CORP | CCJ | 2,500 | $185,575 | 0.02% |
| 140 | PERPETUA RESOURCES CORP | PPTA | 15,000 | $182,100 | 0.02% |
| 141 | GLOBAL SHIP-CL A | GSL-PB | 6,594 | $173,488 | 0.02% |
| 142 | PPL CORP | PPLC | 5,000 | $169,450 | 0.02% |
| 143 | BHP GROUP LTD | BHPLF | 3,500 | $168,315 | 0.02% |
| 144 | SCORPIO TANKERS | STNG | 4,272 | $167,163 | 0.02% |
| 145 | MATSON INC | MATX | 1,497 | $166,691 | 0.02% |
| 146 | HAFNIA LTD | HAFN | 32,731 | $163,328 | 0.02% |
| 147 | COEUR MNG INC | 192108504 | 18,000 | $159,480 | 0.02% |
| 148 | TEEKAY TANK-CL A | TNK | 3,799 | $158,494 | 0.02% |
| 149 | KINROSS GOLD CORP | KGCRF | 10,000 | $156,300 | 0.02% |
| 150 | NEWMONT CORP | NEMCL | 85 | $155,125 | 0.02% |
| 151 | BARRICK GOLD CORP | 06849F108 | 300 | $153,000 | 0.02% |
| 152 | SCHLUMBERGER LTD | SLB | 4,500 | $152,100 | 0.02% |
| 153 | STANDARD LITHIUM LTD | SLI | 75,000 | $147,000 | 0.02% |
| 154 | ENCORE ENERGY CO | EU | 50,000 | $142,952 | 0.02% |
| 155 | MGM RESORTS INTERNATIONAL | MGM | 4,000 | $137,560 | 0.02% |
| 156 | VALERO ENERGY CORP | VLO | 1,000 | $134,420 | 0.02% |
| 157 | BAKER HUGHES COMPANY | BKR | 3,500 | $134,190 | 0.02% |
| 158 | BOISE CASCADE CO DEL | BCC | 1,500 | $130,230 | 0.02% |
| 159 | VF CORP | VFC | 11,000 | $129,250 | 0.02% |
| 160 | CME GROUP INC | CME | 461 | $127,061 | 0.01% |
| 161 | NEW GOLD INC CDA | 644535106 | 25,000 | $123,750 | 0.01% |
| 162 | ALLIED GOLD CORP | AAUC | 8,200 | $110,169 | 0.01% |
| 163 | PARAMOUNT GOLD NEV CORP | PZG | 170,000 | $104,210 | 0.01% |
| 164 | SELECT WATER SOLUTIONS INC | WTTR | 10,000 | $86,400 | 0.01% |
| 165 | ALBEMARLE CORP | ALB-PA | 1,000 | $62,670 | 0.01% |
| 166 | HALLIBURTON CO | HAL | 3,000 | $61,140 | 0.01% |
| 167 | PERPETUA RESOURCES CORP | PPTA | 5,000 | $60,700 | 0.01% |
| 168 | SIGMA LITHIUM CORPORATION | SGML | 10,000 | $45,000 | 0.01% |
| 169 | PERMA-PIPE INTL HLDGS INC | 714167103 | 1,000 | $22,870 | 0.00% |
| 170 | ETF OPPORTUNITIES TRUST | 26923N413 | 400 | $1,672 | 0.00% |
| 171 | ETF OPPORTUNITIES TRUST | 26923N413 | 100 | $418 | 0.00% |
| 172 | ETF OPPORTUNITIES TRUST | 26923N413 | 100 | $418 | 0.00% |
| 173 | DECKERS OUTDOOR CORP | DECK | 75 | $75 | 0.00% |