Institutional Manager · CIK 0000754811
U S GLOBAL INVESTORS INC
SAN ANTONIO, TX · File #028-02220
Latest AUM
$934.0M
Positions
158
Top-10 Concentration
57.3%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | SOUTHWEST AIR | 844741108 | -555,956 | -$23.0M | +$25.1M |
| REDUCE | AMERICAN AIRLINE | 02376R102 | -915,474 | -$14.0M | +$26.5M |
| REDUCE | DELTA AIR LI | DAL | -144,302 | -$10.0M | +$17.2M |
| ADD | BARRICK MNG CORP | 06849F108 | +210,000 | +$9.1M | +$970,200 |
| REDUCE | ALAMOS GOLD INC NEW | AGI | -215,000 | -$8.3M | +$930,000 |
| REDUCE | ALLEGIANT TRAVEL | ALGT | -95,993 | -$8.2M | +$9.3M |
| EXITED | HECLA MNG CO | 422704106 | -600,000 | -$7.3M | $0 |
| ADD | AMERICAS GOLD AN | 03062D803 | +1,220,000 | +$6.3M | +$814,897 |
| EXITED | ORLA MINING LTD | 68634K106 | -552,301 | -$6.0M | $0 |
| NEW | ALLIED GOLD CORP | AAUC | +242,753 | +$5.6M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 2025158 pos · $934.0M
- 13F HOLDINGS REPORTQ/E Sep 2025171 pos · $885.8M
- 13F HOLDINGS REPORTQ/E Jun 2025173 pos · $850.3M
- 13F HOLDINGS REPORTQ/E Mar 2025170 pos · $757.4M
- 13F HOLDINGS REPORTQ/E Dec 2024160 pos · $1.01B
- 13F HOLDINGS REPORTQ/E Sep 2024169 pos · $1.04B
- 13F HOLDINGS REPORTQ/E Jun 2024163 pos · $1.05B
- 13F HOLDINGS REPORTQ/E Mar 2024180 pos · $1.22B
- 13F HOLDINGS REPORTQ/E Dec 2023151 pos · $1.21B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | UNITED AIRLINES | UNTCW | 792,076 | $88.6M | 10.59% |
| 2 | SOUTHWEST AIR | 844741108 | 2,107,325 | $87.1M | 10.41% |
| 3 | AMERICAN AIRLINE | 02376R102 | 5,569,844 | $85.4M | 10.21% |
| 4 | DELTA AIR LI | DAL | 1,216,731 | $84.4M | 10.10% |
| 5 | ALLEGIANT TRAVEL | ALGT | 284,685 | $24.3M | 2.90% |
| 6 | SUN COUNTRY HOLD | 866683105 | 1,611,228 | $23.2M | 2.77% |
| 7 | ALASKA AIR GROUP | ALK | 455,934 | $22.9M | 2.74% |
| 8 | SKYWEST INC | SKYW | 223,006 | $22.4M | 2.68% |
| 9 | JETBLUE AIRWAYS | 477143101 | 4,728,754 | $21.5M | 2.57% |
| 10 | FRONTIER GROUP H | ULCC | 4,137,964 | $19.5M | 2.33% |
| 11 | ROYAL GOLD INC | RGLD | 83,633 | $18.6M | 2.22% |
| 12 | WHEATON PRECIOUS | WPM | 155,776 | $18.3M | 2.19% |
| 13 | FRANCO-NEVADA CO | FNV | 84,201 | $17.5M | 2.09% |
| 14 | BOEING CO/THE | BA-PA | 77,292 | $16.8M | 2.01% |
| 15 | BOOKING HOLDINGS | BKNG | 3,030 | $16.2M | 1.94% |
| 16 | EXPEDIA GROUP IN | EXPE | 56,812 | $16.1M | 1.92% |
| 17 | TEXTRON INC | TXT | 183,921 | $16.0M | 1.92% |
| 18 | GENERAL DYNAMICS | GD | 46,780 | $15.7M | 1.88% |
| 19 | TRIPADVISOR INC | TRIP | 1,037,854 | $15.1M | 1.81% |
| 20 | SABRE CORP | SABR | 10,173,592 | $13.8M | 1.65% |