13F HOLDINGS REPORT
U S GLOBAL INVESTORS INC
Quarter ended Q3 2025 · Filed October 21, 2025 · Accession 0001437749-25-031428
Total Value
$885.8M
Positions
171
Other Managers
0
Confidential Omitted
No
Holdings (171)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | SOUTHWEST AIR | 844741108 | 2,663,281 | $85.0M | 9.59% |
| 2 | DELTA AIR LI | DAL | 1,361,033 | $77.2M | 8.72% |
| 3 | UNITED AIRLINES | UNTCW | 780,183 | $75.3M | 8.50% |
| 4 | AMERICAN AIRLINE | 02376R102 | 6,485,318 | $72.9M | 8.23% |
| 5 | ALLEGIANT TRAVEL | ALGT | 380,678 | $23.1M | 2.61% |
| 6 | JETBLUE AIRWAYS | 477143101 | 4,509,132 | $22.2M | 2.50% |
| 7 | SUN COUNTRY HOLD | 866683105 | 1,828,219 | $21.6M | 2.44% |
| 8 | SKYWEST INC | SKYW | 214,412 | $21.6M | 2.44% |
| 9 | FRONTIER GROUP H | ULCC | 4,563,345 | $20.1M | 2.27% |
| 10 | ALASKA AIR GROUP | ALK | 371,365 | $18.5M | 2.09% |
| 11 | OR ROYALTIES INC | OR | 438,376 | $17.6M | 1.98% |
| 12 | FRANCO-NEVADA CO | FNV | 77,357 | $17.2M | 1.95% |
| 13 | WHEATON PRECIOUS | WPM | 144,989 | $16.2M | 1.83% |
| 14 | GENERAL DYNAMICS | GD | 47,429 | $16.2M | 1.83% |
| 15 | TEXTRON INC | TXT | 190,046 | $16.1M | 1.81% |
| 16 | SABRE CORP | SABR | 8,696,449 | $15.9M | 1.80% |
| 17 | EXPEDIA GROUP IN | EXPE | 70,627 | $15.1M | 1.70% |
| 18 | BOOKING HOLDINGS | BKNG | 2,783 | $15.0M | 1.70% |
| 19 | BOEING CO/THE | BA-PA | 66,274 | $14.3M | 1.61% |
| 20 | TRIPADVISOR INC | TRIP | 872,869 | $14.2M | 1.60% |
| 21 | OR ROYALTIES INC. | OR | 250,000 | $10.0M | 1.13% |
| 22 | ALAMOS GOLD INC NEW | AGI | 250,000 | $8.7M | 0.98% |
| 23 | EMBRAER SA-ADR | EMBJ | 132,788 | $8.0M | 0.91% |
| 24 | RYANAIR HLDG-ADR | RYAOF | 130,647 | $7.9M | 0.89% |
| 25 | TRIP.COM GRO-ADR | TRPCF | 104,516 | $7.9M | 0.89% |
| 26 | SILVERCORP METAL | SVM | 1,242,671 | $7.9M | 0.89% |
| 27 | HECLA MNG CO | 422704106 | 600,000 | $7.3M | 0.82% |
| 28 | OR ROYALTIES INC | OR | 170,000 | $6.8M | 0.77% |
| 29 | KINROSS GOLD | KGCRF | 272,334 | $6.8M | 0.76% |
| 30 | COEUR MNG INC | 192108504 | 350,000 | $6.6M | 0.74% |
| 31 | IAMGOLD CORP | IAG | 500,000 | $6.5M | 0.73% |
| 32 | ANGLOGOLD ASHANTI PLC | AU | 90,000 | $6.3M | 0.71% |
| 33 | GOLD FIELDS LTD | GFIOF | 150,000 | $6.3M | 0.71% |
| 34 | TRIPLE FLAG | TFPM | 213,665 | $6.3M | 0.71% |
| 35 | VOX ROYALTY CORP | VOXR | 1,412,000 | $6.1M | 0.69% |
| 36 | ORLA MINING LTD | 68634K106 | 552,301 | $6.0M | 0.67% |
| 37 | SIBANYE-STI-ADR | SBYSF | 529,332 | $5.9M | 0.67% |
| 38 | DRDGOLD LTD-ADR | DRDGF | 209,055 | $5.8M | 0.65% |
| 39 | HARMONY GOLD-ADR | HGMCF | 306,797 | $5.6M | 0.63% |
| 40 | B2GOLD CORP | BTG | 1,078,516 | $5.3M | 0.60% |
| 41 | GOLD FIELDS-ADR | GFIOF | 126,638 | $5.3M | 0.60% |
| 42 | SSR MINING INC | SSRGF | 215,642 | $5.3M | 0.59% |
| 43 | ANGLOGOLD ASHANT | AU | 73,864 | $5.2M | 0.59% |
| 44 | NEW GOLD INC | 644535106 | 723,054 | $5.2M | 0.59% |
| 45 | METALLA ROYALTY | 59124U605 | 814,587 | $5.2M | 0.58% |
| 46 | AGNICO EAGLE MINES LTD | AEM | 30,000 | $5.1M | 0.57% |
| 47 | B2GOLD CORP | BTG | 1,000,000 | $5.0M | 0.56% |
| 48 | SSR MINING IN | SSRGF | 200,000 | $4.9M | 0.55% |
| 49 | COPA HOLDIN-CL A | CPA | 33,364 | $4.0M | 0.45% |
| 50 | FERRARI N V | RACE | 8,165 | $4.0M | 0.45% |
| 51 | AURA MINERALS INC | AUGO | 100,000 | $3.7M | 0.42% |
| 52 | GRUPO AEROPO-ADR | 40051E202 | 11,315 | $3.7M | 0.41% |
| 53 | CALEDONIA MINING | G1757E113 | 100,754 | $3.6M | 0.41% |
| 54 | MAKEMYTRIP LTD | MMYT | 38,882 | $3.6M | 0.41% |
| 55 | LATAM AIRLINES G | LTM | 80,184 | $3.6M | 0.41% |
| 56 | VIZSLA SILVER CO | VZLA | 800,000 | $3.5M | 0.39% |
| 57 | KINROSS GOLD CORP | KGCRF | 135,000 | $3.4M | 0.38% |
| 58 | GRUPO AEROPO-ADR | 400501102 | 32,234 | $3.3M | 0.38% |
| 59 | BARRICK MNG CORP | 06849F108 | 90,000 | $2.9M | 0.33% |
| 60 | ARIS MINING CORP | 04040Y109 | 300,000 | $2.9M | 0.33% |
| 61 | PAN AMERN SILVER CORP | 697900108 | 73,555 | $2.8M | 0.32% |
| 62 | EMX ROYALTY CORP | 26873J107 | 500,000 | $2.6M | 0.29% |
| 63 | ROYAL CARIBBEAN GROUP | V7780T103 | 7,835 | $2.5M | 0.29% |
| 64 | ENDEAVOUR SILVER | EXK | 320,000 | $2.5M | 0.28% |
| 65 | AMERICAS GOLD AN | 03062D803 | 580,000 | $2.2M | 0.24% |
| 66 | COEUR MNG INC | 192108504 | 111,000 | $2.1M | 0.24% |
| 67 | NEW GOLD INC CDA | 644535106 | 250,000 | $1.8M | 0.20% |
| 68 | DOLLY VARDEN SIL | DVS | 350,000 | $1.8M | 0.20% |
| 69 | CARNIVAL CORP | CUKPF | 59,500 | $1.7M | 0.19% |
| 70 | NEWMONT CORP | NEMCL | 20,000 | $1.7M | 0.19% |
| 71 | GOLDMAN SACHS GROUP INC | GSCE | 2,075 | $1.7M | 0.19% |
| 72 | SILVERCORP METALS INC | SVM | 250,000 | $1.6M | 0.18% |
| 73 | NUTRIEN LTD | NTR | 25,000 | $1.5M | 0.17% |
| 74 | HUDBAY MINERALS INC | HBM | 95,000 | $1.4M | 0.16% |
| 75 | CHENIERE ENERGY INC | LNG | 6,000 | $1.4M | 0.16% |
| 76 | BARRICK GOLD CORP | 06849F108 | 865 | $1.4M | 0.15% |
| 77 | TESLA INC | TSLA | 2,840 | $1.3M | 0.14% |
| 78 | EXXON MOBIL CORP | XOM | 10,500 | $1.2M | 0.13% |
| 79 | NORTHERN TR CORP | NTRSO | 8,550 | $1.2M | 0.13% |
| 80 | HILTON WORLDWIDE HLDGS INC | HLT | 4,400 | $1.1M | 0.13% |
| 81 | VIZSLA SILVER CO | VZLA | 250,000 | $1.1M | 0.12% |
| 82 | NEWMONT CORP | NEMCL | 250 | $1.0M | 0.12% |
| 83 | NORWEGIAN CRUISE LINE HLDG L | NCLH | 39,000 | $960,570 | 0.11% |
| 84 | LIFE TIME GROUP HOLDINGS INC | LTH | 33,600 | $927,360 | 0.10% |
| 85 | TOTALENERGIES SE | TTE | 15,000 | $895,350 | 0.10% |
| 86 | OSISKO DEVELOPME | OSDVF | 250,000 | $854,455 | 0.10% |
| 87 | OR ROYALTIES INC. | OR | 20,000 | $801,600 | 0.09% |
| 88 | OR ROYALTIES INC. | OR | 20,000 | $801,600 | 0.09% |
| 89 | SHELL PLC | RYDAF | 11,000 | $786,830 | 0.09% |
| 90 | TAPESTRY INC | TPR | 6,500 | $735,930 | 0.08% |
| 91 | OR ROYALTIES INC. | OR | 17,700 | $709,416 | 0.08% |
| 92 | LAUDER ESTEE COS INC | 518439104 | 7,500 | $660,900 | 0.07% |
| 93 | VOX ROYALTY CORP | VOXR | 150,000 | $645,000 | 0.07% |
| 94 | ENDEAVOUR SILVER | EXK | 80,000 | $626,122 | 0.07% |
| 95 | PERPETUA RESOURCES CORP | PPTA | 30,000 | $606,900 | 0.07% |
| 96 | TOLL BROTHERS INC | TOL | 4,350 | $600,909 | 0.07% |
| 97 | OR ROYALTIES INC | OR | 15,000 | $600,775 | 0.07% |
| 98 | FRANCO NEV CORP | FNV | 2,680 | $597,399 | 0.07% |
| 99 | FREEPORT-MCMORAN INC | FCX | 15,000 | $588,300 | 0.07% |
| 100 | LULULEMON ATHLETICA INC | LULU | 3,200 | $569,376 | 0.06% |
| 101 | FRANCO NEV CORP | FNV | 2,500 | $557,275 | 0.06% |
| 102 | IVANHOE ELECTRIC | IE | 40,000 | $502,000 | 0.06% |
| 103 | SEABRIDGE GOLD INC | SA | 20,000 | $483,000 | 0.05% |
| 104 | SEABRIDGE GOLD INC | SA | 20,000 | $483,000 | 0.05% |
| 105 | ZIM INTEGRATED S | ZIM | 35,525 | $481,364 | 0.05% |
| 106 | BARRICK GOLD CORP | 06849F108 | 300 | $470,700 | 0.05% |
| 107 | GE VERNOVA INC | GEV | 750 | $461,175 | 0.05% |
| 108 | ROYAL GOLD INC | RGLD | 2,280 | $457,322 | 0.05% |
| 109 | INTEGRA RES CORP | ITRG | 150,000 | $442,500 | 0.05% |
| 110 | SILVERCORP METALS INC | SVM | 70,000 | $442,400 | 0.05% |
| 111 | BP PLC | BPPFF | 12,000 | $413,520 | 0.05% |
| 112 | ENDEAVOUR SILVER | EXK | 52,500 | $410,893 | 0.05% |
| 113 | CORTEVA INC | CTVA | 6,000 | $405,780 | 0.05% |
| 114 | RANGE RES CORP | RRC | 10,500 | $395,220 | 0.04% |
| 115 | WHEATON PRECIOUS METALS CORP | WPM | 3,500 | $391,440 | 0.04% |
| 116 | LINDE PLC | LIN | 800 | $380,000 | 0.04% |
| 117 | ON HLDG AG | H5919C104 | 8,650 | $366,328 | 0.04% |
| 118 | TEEKAY CORP LTD | TK | 44,216 | $361,687 | 0.04% |
| 119 | ALLIANCE RESOURCE PARTNERS L | ARLP | 14,000 | $353,990 | 0.04% |
| 120 | DEVON ENERGY CORP NEW | 25179M103 | 10,000 | $350,600 | 0.04% |
| 121 | NEWMONT CORP | NEMCL | 85 | $349,350 | 0.04% |
| 122 | INTERNATIONAL PAPER CO | 460146103 | 7,500 | $348,000 | 0.04% |
| 123 | BIRKENSTOCK HOLDING PLC | BIRK | 7,500 | $339,375 | 0.04% |
| 124 | COEUR MNG INC | 192108504 | 18,000 | $337,680 | 0.04% |
| 125 | ANTERO RESOURCES CORP | AR | 10,000 | $335,600 | 0.04% |
| 126 | BARRICK MNG CORP | 06849F108 | 10,000 | $327,700 | 0.04% |
| 127 | WEYERHAEUSER CO MTN BE | WY | 13,000 | $322,270 | 0.04% |
| 128 | ICL GROUP LTD | ICL | 49,300 | $306,646 | 0.03% |
| 129 | PERPETUA RESOURCES CORP | PPTA | 15,000 | $303,450 | 0.03% |
| 130 | FEDEX CORP | FDX | 1,248 | $294,291 | 0.03% |
| 131 | COLLECTIVE MININ | CNL | 20,000 | $290,228 | 0.03% |
| 132 | EXPEDITORS INTL | 302130109 | 2,344 | $287,351 | 0.03% |
| 133 | ZTO EXPRESS -ADR | ZTOEF | 14,764 | $283,469 | 0.03% |
| 134 | UNITED PARCEL-B | UPS | 3,372 | $281,663 | 0.03% |
| 135 | RIVIAN AUTOMOTIVE INC | RIVN | 19,000 | $278,920 | 0.03% |
| 136 | STANDARD LITHIUM LTD | SLI | 75,000 | $252,750 | 0.03% |
| 137 | KINROSS GOLD CORP | KGCRF | 10,000 | $248,500 | 0.03% |
| 138 | CONSTELLATION BRANDS INC | STZ | 1,800 | $242,406 | 0.03% |
| 139 | TECK RESOURCES LTD | TCKRF | 5,000 | $219,450 | 0.02% |
| 140 | COLLECTIVE MININ | CNL | 15,000 | $217,671 | 0.02% |
| 141 | SOLITARIO RESOURCES CORP | XPL | 310,000 | $216,380 | 0.02% |
| 142 | CAMECO CORP | CCJ | 2,500 | $209,650 | 0.02% |
| 143 | STEEL DYNAMICS INC | STLD | 1,500 | $209,145 | 0.02% |
| 144 | PARAMOUNT GOLD NEV CORP | PZG | 170,000 | $209,100 | 0.02% |
| 145 | BHP GROUP LTD | BHPLF | 3,500 | $195,125 | 0.02% |
| 146 | TESLA INC | TSLA | 50 | $194,125 | 0.02% |
| 147 | PERMIAN RESOURCES CORP | PR | 15,000 | $192,000 | 0.02% |
| 148 | SCORPIO TANKERS | STNG | 3,347 | $187,599 | 0.02% |
| 149 | HAFNIA LTD | HAFN | 31,161 | $186,654 | 0.02% |
| 150 | PPL CORP | PPLC | 5,000 | $185,800 | 0.02% |
| 151 | GLOBAL SHIP-CL A | GSL-PB | 5,906 | $181,314 | 0.02% |
| 152 | NEW GOLD INC CDA | 644535106 | 25,000 | $179,500 | 0.02% |
| 153 | BAKER HUGHES COMPANY | BKR | 3,500 | $170,520 | 0.02% |
| 154 | VALERO ENERGY CORP | VLO | 1,000 | $170,260 | 0.02% |
| 155 | CANGO INC | CANG | 40,000 | $169,600 | 0.02% |
| 156 | SIBANYE STILLWATER LTD | SBYSF | 15,000 | $168,600 | 0.02% |
| 157 | ENCORE ENERGY CO | EU | 50,000 | $161,198 | 0.02% |
| 158 | VF CORP | VFC | 11,000 | $158,730 | 0.02% |
| 159 | SCHLUMBERGER LTD | SLB | 4,500 | $154,665 | 0.02% |
| 160 | MGM RESORTS INTERNATIONAL | MGM | 4,000 | $138,640 | 0.02% |
| 161 | CME GROUP INC | CME | 461 | $124,558 | 0.01% |
| 162 | PERMA-PIPE INTL HLDGS INC | 714167103 | 5,000 | $117,150 | 0.01% |
| 163 | BOISE CASCADE CO DEL | BCC | 1,500 | $115,980 | 0.01% |
| 164 | SELECT WATER SOLUTIONS INC | WTTR | 10,000 | $106,900 | 0.01% |
| 165 | PERPETUA RESOURCES CORP | PPTA | 5,000 | $101,150 | 0.01% |
| 166 | ALBEMARLE CORP | ALB-PA | 1,000 | $81,080 | 0.01% |
| 167 | TESLA INC | TSLA | 10 | $74,425 | 0.01% |
| 168 | HALLIBURTON CO | HAL | 3,000 | $73,800 | 0.01% |
| 169 | SIGMA LITHIUM CORPORATION | SGML | 10,000 | $64,100 | 0.01% |
| 170 | BLACKROCK ETF TRUST II | BLK | 1,126 | $57,054 | 0.01% |
| 171 | CANGO INC | CANG | 10,000 | $42,400 | 0.00% |