U S GLOBAL INVESTORS INC
13F Reported Value
ⓘ$857.6M
Holdings
135
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
U S GLOBAL INVESTORS INC disclosed 135 positions worth $857.6M in its Form 13F-HR for Q1 2026, led by $DAL (DELTA AIR LINES, INC.) at 9.1% of the equity portfolio, followed by $UAL and $AAL. During the quarter the fund opened 29 new positions and exited 23 — including a new stake in $SCZM and a full exit from $SNCY. The portfolio is most concentrated in Industrials (57.3% of disclosed assets). All figures are sourced directly from U S GLOBAL INVESTORS INC’s Form 13F-HR filing with the SEC under CIK 754811.
AI Fund Analysis
DiversifyingSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- 64.4#637
Quality
$77.9M1,171,746 sh - 61.3#805
Quality
$72.2M784,599 sh - 50.6#1,445
Quality
$69.1M6,435,049 sh - 51.1
Quality
$62.7M1,668,355 sh - 37.6
Quality
$24.5M5,542,536 sh - 44.4
Quality
$24.2M299,225 sh - 33.6
Quality
$23.9M6,781,412 sh - 53.5
Quality
$23.7M257,593 sh - 56.3
Quality
$21.9M596,572 sh - —
Quality
$20.9M84,410 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 DELTA AIR LINES, INC.$DAL | 64.4#637 | $77.9M | 1,171,746 |
 United Airlines Holdings, Inc.$UAL | 61.3#805 | $72.2M | 784,599 |
 American Airlines Group Inc.$AAL | 50.6#1,445 | $69.1M | 6,435,049 |
 SOUTHWEST AIRLINES CO$LUV | 51.1 | $62.7M | 1,668,355 |
 JETBLUE AIRWAYS CORP$JBLU | 37.6 | $24.5M | 5,542,536 |
 Allegiant Travel CO$ALGT | 44.4 | $24.2M | 299,225 |
 Frontier Group Holdings, Inc.$ULCC | 33.6 | $23.9M | 6,781,412 |
 SKYWEST INC$SKYW | 53.5 | $23.7M | 257,593 |
 ALASKA AIR GROUP, INC.$ALK | 56.3 | $21.9M | 596,572 |
 FRANCO NEVADA Corp$FNV | — | $20.9M | 84,410 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of U S GLOBAL INVESTORS INC's 135 positions.
Showing top 10 of 135 holdings.
Sector Allocation
Industrials
$491.0M
Materials
$253.6M
Consumer Discretionary
$38.4M
Financials
$29.4M
Technology
$25.6M
Energy
$16.4M
Consumer Staples
$1.6M
Communication Services
$1.1M
Full Holdings — U S GLOBAL INVESTORS INC (Q1 2026)
All 135 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $DAL | DELTA AIR LINES, INC. | $77.9M | 9.1% | -4% | 64.4 |
| 2 | $UAL | United Airlines Holdings, Inc. | $72.2M | 8.4% | -1% | 61.3 |
| 3 | $AAL | American Airlines Group Inc. | $69.1M | 8.1% | +16% | 50.6 |
| 4 | $LUV | SOUTHWEST AIRLINES CO | $62.7M | 7.3% | -21% | 51.1 |
| 5 | $JBLU | JETBLUE AIRWAYS CORP | $24.5M | 2.9% | +17% | 37.6 |
| 6 | $ALGT | Allegiant Travel CO | $24.2M | 2.8% | +5% | 44.4 |
| 7 | $ULCC | Frontier Group Holdings, Inc. | $23.9M | 2.8% | +64% | 33.6 |
| 8 | $SKYW | SKYWEST INC | $23.7M | 2.8% | +16% | 53.5 |
| 9 | $ALK | ALASKA AIR GROUP, INC. | $21.9M | 2.6% | +31% | 56.3 |
| 10 | $FNV | FRANCO NEVADA Corp | $20.9M | 2.4% | +0% | — |
| 11 |  $RGLD | ROYAL GOLD INC | $20.7M | 2.4% | +2358% | 79.4 |
| 12 |  $OR | OR Royalties Inc. | $20.3M | 2.4% | +435% | — |
| 13 |  $IAG | IAMGOLD CORP | $18.3M | 2.1% | +69% | — |
| 14 |  $CDE | Coeur Mining, Inc. | $15.6M | 1.8% | +202% | 78.1 |
| 15 |  $TRIP | TripAdvisor, Inc. | $14.6M | 1.7% | +32% | 51.5 |
| 16 |  $GFI | GOLD FIELDS LTD | $14.4M | 1.7% | +111% | — |
| 17 |  $EXPE | Expedia Group, Inc. | $12.9M | 1.5% | -1% | 65.7 |
| 18 |  $AU | AngloGold Ashanti PLC | $12.7M | 1.5% | +45% | — |
| 19 |  $BKNG | Booking Holdings Inc. | $12.7M | 1.5% | -1% | 55.3 |
| 20 |  $BA | BOEING CO | $12.5M | 1.4% | -19% | 51.8 |
| 21 |  $GD | GENERAL DYNAMICS CORP | $12.4M | 1.4% | -23% | 73 |
| 22 |  $TXT | TEXTRON INC | $12.3M | 1.4% | -24% | 58.2 |
| 23 |  $AEM | AGNICO EAGLE MINES LTD | $12.0M | 1.4% | +97% | — |
| 24 |  $SABR | Sabre Corp | $10.9M | 1.3% | -26% | 56.2 |
| 25 |  $USAS | Americas Gold & Silver Corp | $9.4M | 1.1% | +0% | — |
| 26 |  $AGI | ALAMOS GOLD INC | $8.9M | 1.0% | +474% | — |
| 27 |  $VOXR | VOX ROYALTY CORP. | $8.7M | 1.0% | +18% | — |
| 28 |  $AUGO | Aura Minerals Inc. | $8.2M | 0.9% | +0% | — |
| 29 |  $CGAU | Centerra Gold Inc. | $7.8M | 0.9% | +109% | — |
| 30 |  $DRD | DRDGOLD LTD | $7.2M | 0.8% | +43% | — |
| 31 |  $SCZM | Santacruz Silver Mining Ltd. | $6.8M | 0.8% | NEW | — |
| 32 |  $LTM | LATAM AIRLINES GROUP S.A. | $6.7M | 0.8% | -10% | — |
| 33 |  $EMBJ | EMBRAER S.A. | $6.7M | 0.8% | -9% | — |
| 34 |  $SVM | SILVERCORP METALS INC | $6.6M | 0.8% | +147% | — |
| 35 |  $ARIS | Aris Mining Corp | $6.3M | 0.7% | +0% | — |
| 36 |  $TCOM | Trip.com Group Ltd | $6.1M | 0.7% | +8% | — |
| 37 |  $HMY | HARMONY GOLD MINING CO LTD | $6.1M | 0.7% | +49% | — |
| 38 |  $RYAAY | RYANAIR HOLDINGS PLC | $6.0M | 0.7% | -8% | — |
| 39 |  $KGC | KINROSS GOLD CORP | $6.0M | 0.7% | +95% | — |
| 40 |  $B | BARRICK MINING CORP | $5.8M | 0.7% | -52% | — |
| 41 |  $MMYT | MakeMyTrip Ltd | $5.2M | 0.6% | +177% | — |
| 42 |  $PAAS | PAN AMERICAN SILVER CORP | $4.0M | 0.5% | +0% | — |
| 43 |  $NEM | NEWMONT Corp /DE/ | $4.0M | 0.5% | NEW | 88.3 |
| 44 |  $ORLA | Orla Mining Ltd. | $4.0M | 0.5% | NEW | — |
| 45 |  $MTA | Metalla Royalty & Streaming Ltd. | $3.8M | 0.5% | +16% | — |
| 46 |  $FSM | FORTUNA MINING CORP. | $3.8M | 0.4% | -32% | — |
| 47 |  $WPM | Wheaton Precious Metals Corp. | $3.8M | 0.4% | +869% | — |
| 48 |  $VZLA | Vizsla Silver Corp. | $3.5M | 0.4% | +31% | — |
| 49 |  $OMAB | Central North Airport Group | $3.5M | 0.4% | -18% | — |
| 50 |  $SBSW | Sibanye Stillwater Ltd | $3.4M | 0.4% | +0% | — |
| 51 |  $ASR | SOUTHEAST AIRPORT GROUP | $3.4M | 0.4% | -20% | — |
| 52 |  $CPA | Copa Holdings, S.A. | $3.2M | 0.4% | -15% | — |
| 53 |  $SSRM | SSR MINING INC. | $3.2M | 0.4% | NEW | 61.9 |
| 54 |  $XOM | EXXON MOBIL CORP | $3.0M | 0.3% | +30% | 61.8 |
| 55 |  $ELE | Elemental Royalty Corp | $2.8M | 0.3% | +0% | — |
| 56 |  $EXK | ENDEAVOUR SILVER CORP | $2.8M | 0.3% | +638% | — |
| 57 |  $RACE | Ferrari N.V. | $2.7M | 0.3% | +36% | — |
| 58 |  $TSLA | Tesla, Inc. | $2.6M | 0.3% | +22% | 50.1 |
| 59 |  $RCL | ROYAL CARIBBEAN CRUISES LTD | $2.3M | 0.3% | -10% | — |
| 60 |  $NTR | Nutrien Ltd. | $2.3M | 0.3% | +20% | — |
| 61 |  $VMET | Versamet Royalties Corp | $2.2M | 0.3% | NEW | — |
| 62 |  $TFPM | Triple Flag Precious Metals Corp. | $2.1M | 0.2% | +0% | — |
| 63 |  $MUX | McEwen Inc. | $2.0M | 0.2% | +0% | 49 |
| 64 |  $TTE | TotalEnergies SE | $2.0M | 0.2% | +47% | — |
| 65 |  $AMZN | AMAZON COM INC | $2.0M | 0.2% | NEW | 74.6 |
| 66 |  $WDS | WOODSIDE ENERGY GROUP LTD | $1.8M | 0.2% | +88% | — |
| 67 |  $LNG | Cheniere Energy, Inc. | $1.8M | 0.2% | +107% | 48.4 |
| 68 |  $SHEL | Shell plc | $1.7M | 0.2% | +64% | — |
| 69 |  $HL | HECLA MINING CO/DE/ | $1.4M | 0.2% | NEW | 73.6 |
| 70 |  $CCL | Carnival Corp Ltd. | $1.4M | 0.2% | -26% | — |
| 71 |  $HLT | Hilton Worldwide Holdings Inc. | $1.3M | 0.1% | -43% | 73.1 |
| 72 |  $SA | SEABRIDGE GOLD INC | $1.1M | 0.1% | +100% | — |
| 73 |  $LTH | Life Time Group Holdings, Inc. | $1.1M | 0.1% | +22% | 67.8 |
| 74 |  $UBS | UBS Group AG | $1.1M | 0.1% | +13% | — |
| 75 |  $AG | FIRST MAJESTIC SILVER CORP | $1.1M | 0.1% | NEW | — |
| 76 |  $ITRG | Integra Resources Corp. | $1.1M | 0.1% | -70% | — |
| 77 |  $MAR | MARRIOTT INTERNATIONAL INC /MD/ | $948,503 | 0.1% | -50% | 65.9 |
| 78 |  $EL | ESTEE LAUDER COMPANIES INC | $933,010 | 0.1% | +100% | 52.5 |
| 79 |  $VIK | Viking Holdings Ltd | $906,376 | 0.1% | -21% | — |
| 80 |  $BWLP | BW LPG Ltd | $879,706 | 0.1% | +192% | — |
| 81 |  $PPTA | PERPETUA RESOURCES CORP. | $843,600 | 0.1% | +0% | — |
| 82 |  $EXE | EXPAND ENERGY Corp | $823,350 | 0.1% | NEW | 83.9 |
| 83 |  $ODV | Osisko Development Corp. | $811,268 | 0.1% | +0% | — |
| 84 |  $HAFN | Hafnia Ltd | $799,360 | 0.1% | NEW | — |
| 85 |  $TK | TEEKAY CORP LTD | $767,313 | 0.1% | NEW | — |
| 86 |  $EQT | EQT Corp | $763,680 | 0.1% | NEW | 83.3 |
| 87 |  $VLO | VALERO ENERGY CORP/TX | $741,240 | 0.1% | +200% | 51.4 |
| 88 |  $TOL | Toll Brothers, Inc. | $736,938 | 0.1% | NEW | 68.3 |
| 89 |  $DAC | Danaos Corp | $722,924 | 0.1% | +196% | — |
| 90 |  $CAT | CATERPILLAR INC | $708,460 | 0.1% | +0% | 67.8 |
| 91 |  $CTRA | Coterra Energy Inc. | $702,800 | 0.1% | NEW | 80.6 |
| 92 |  $GSL | Global Ship Lease, Inc. | $695,829 | 0.1% | +220% | — |
| 93 |  $LVS | LAS VEGAS SANDS CORP | $657,336 | 0.1% | +0% | 73.7 |
| 94 |  $BMM | Blue Moon Metals Inc. | $648,294 | 0.1% | NEW | — |
| 95 |  $MAKO | Mako Mining Corp. | $644,697 | 0.1% | NEW | — |
| 96 |  $ASM | AVINO SILVER & GOLD MINES LTD | $632,000 | 0.1% | NEW | — |
| 97 |  $CNL | Collective Mining Ltd. | $615,232 | 0.1% | +133% | — |
| 98 |  $TPR | TAPESTRY, INC. | $570,790 | 0.1% | -38% | 76.4 |
| 99 |  $ZTO | ZTO Express (Cayman) Inc. | $562,096 | 0.1% | +49% | — |
| 100 |  $CCJ | CAMECO CORP | $543,050 | 0.1% | +0% | — |
| 101 |  $FDX | FEDEX CORP | $528,927 | 0.1% | +25% | 60.3 |
| 102 |  $EXPD | EXPEDITORS INTERNATIONAL OF WASHINGTON INC | $527,946 | 0.1% | +67% | 71.2 |
| 103 |  $UPS | UNITED PARCEL SERVICE INC | $527,022 | 0.1% | +59% | 58.2 |
| 104 |  $BKR | Baker Hughes Co | $518,925 | 0.1% | +0% | 63.4 |
| 105 |  $BG | Bunge Global SA | $508,800 | 0.1% | +0% | 55.9 |
| 106 |  $RRC | RANGE RESOURCES CORP | $474,390 | 0.1% | +0% | 82.8 |
| 107 |  $HSLV | Highlander Silver Corp. | $443,229 | 0.1% | NEW | — |
| 108 |  $AR | ANTERO RESOURCES Corp | $424,400 | 0.1% | +100% | 80.1 |
| 109 |  $TRMD | TORM plc | $395,957 | 0.1% | NEW | — |
| 110 |  $TNK | TEEKAY TANKERS LTD. | $394,682 | 0.1% | +43% | — |
| 111 |  $HAL | HALLIBURTON CO | $389,900 | 0.1% | +0% | 50.9 |
| 112 |  $MATX | Matson, Inc. | $384,111 | 0.0% | -35% | 59.7 |
| 113 |  $DHT | DHT Holdings, Inc. | $379,377 | 0.0% | NEW | — |
| 114 |  $MWH | SOLV Energy, Inc. | $360,360 | 0.0% | NEW | — |
| 115 |  $EFXT | Enerflex Ltd. | $355,640 | 0.0% | +0% | — |
| 116 |  $BP | BP PLC | $329,000 | 0.0% | +0% | — |
| 117 |  $CNR | Core Natural Resources, Inc. | $324,663 | 0.0% | NEW | 51.8 |
| 118 |  $HYMC | HYCROFT MINING HOLDING CORP | $316,800 | 0.0% | -10% | — |
| 119 |  $IE | Ivanhoe Electric Inc. | $313,218 | 0.0% | -49% | 27.9 |
| 120 |  $REAL | TheRealReal, Inc. | $290,560 | 0.0% | NEW | 54.2 |
| 121 |  $BTU | PEABODY ENERGY CORP | $283,370 | 0.0% | NEW | 39.8 |
| 122 |  $PZG | Paramount Gold Nevada Corp. | $282,200 | 0.0% | +0% | — |
| 123 |  $AEP | AMERICAN ELECTRIC POWER CO INC | $262,160 | 0.0% | +0% | 75.4 |
| 124 |  $SLI | STANDARD LITHIUM LTD. | $255,750 | 0.0% | +0% | — |
| 125 |  $XPL | SOLITARIO RESOURCES CORP. | $254,200 | 0.0% | +0% | — |
| 126 |  $SLB | SLB LIMITED/NV | $231,255 | 0.0% | +0% | 63.2 |
| 127 |  $FURY | FURY GOLD MINES LTD | $214,060 | 0.0% | NEW | — |
| 128 |  $WTTR | Select Water Solutions, Inc. | $153,000 | 0.0% | +0% | 39.1 |
| 129 |  $STZ | CONSTELLATION BRANDS, INC. | $150,000 | 0.0% | NEW | 65 |
| 130 |  $CME | CME GROUP INC. | $136,156 | 0.0% | +0% | 74.5 |
| 131 |  $MGM | MGM Resorts International | $92,525 | 0.0% | NEW | 48 |
| 132 |  $EU | enCore Energy Corp. | $90,661 | 0.0% | +0% | 27.4 |
| 133 | — | GLOBAL X FDS | $89,460 | 0.0% | +0% | — |
| 134 |  $MLCO | Melco Resorts & Entertainment LTD | $68,160 | 0.0% | NEW | — |
| 135 |  $AA | Alcoa Corp | $66,330 | 0.0% | NEW | 66.2 |
New Positions (29)
$SCZM Santacruz Silver Mining Ltd.$6.8M$NEM NEWMONT Corp /DE/$4.0M$ORLA Orla Mining Ltd.$4.0M$SSRM SSR MINING INC.$3.2M$VMET Versamet Royalties Corp$2.2M$AMZN AMAZON COM INC$2.0M$HL HECLA MINING CO/DE/$1.4M$AG FIRST MAJESTIC SILVER CORP$1.1M$EXE EXPAND ENERGY Corp$823,350$HAFN Hafnia Ltd$799,360$TK TEEKAY CORP LTD$767,313$EQT EQT Corp$763,680$TOL Toll Brothers, Inc.$736,938$CTRA Coterra Energy Inc.$702,800$BMM Blue Moon Metals Inc.$648,294Exited Positions (23)
$SNCY Sun Country Airlines Holdings, LLC
$AAUC Allied Gold Corp
$GAU Galiano Gold Inc.
$EQX Equinox Gold Corp.
$GS GOLDMAN SACHS GROUP INC
$HBM Hudbay Minerals Inc.
$EGO ELDORADO GOLD CORP /FI
$DVS DOLLY VARDEN SILVER CORP
$NGD New Gold Inc. /FI
$TGB Trekor Metals Ltd
$J JACOBS SOLUTIONS INC.
$SIG SIGNET JEWELERS LTD
$FSLR FIRST SOLAR, INC.
$STLD STEEL DYNAMICS INCBrowse Top Institutional Investors
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