U S GLOBAL INVESTORS INC
Sector Allocation
- Industrials60.2%$605.3M
- Materials23.6%$237.4M
- Consumer Discretionary5.4%$53.8M
- Financials3.7%$37.5M
- Technology3.1%$31.1M
- Other2.2%$22.4M
- Energy1.4%$14.5M
- Consumer Staples0.2%$1.9M
- Communication Services0.1%$761,708
- Healthcare0.0%$201,300
AUM History
13fpro.ai/research/fund/u-s-global-investors-inc-754811
Conviction and streaks
Diversifying · top 10 = 52.9%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
LUV
$94.1MDAL
$91.8MAAL
$90.7MUAL
$89.7MULCC
$31.1MSKYW
$29.6MALGT
$29.1MALK
$28.2MJBLU
$27.5MRGLD
$19.7MFNV
$19.5MWPM
$18.5MIAG
$16.3MSABR
$15.7MTXT
$15.6M- AYA$15.5M
EXPE
$15.4MTRIP
$15.4MGD
$15.2MBKNG
$15.2M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/u-s-global-investors-inc-754811
U S GLOBAL INVESTORS INC 13F holdings — Q3 2026
$1.0B portfolio (-3.4% QoQ) · 137 holdings · Q3 2026 13F · top 10 are 53% of the stock portfolio
$94.1M
9.4% of stocks
+14%This quarter+1.9%Since filed8+ qtrsHeld$91.8M
9.1% of stocks
+2%This quarter-0.1%Since filed8+ qtrsHeld$90.7M
9.0% of stocks
+13%This quarter-3.2%Since filed8+ qtrsHeld$89.7M
8.9% of stocks
+4%This quarter-1.3%Since filed8+ qtrsHeld$31.1M
3.1% of stocks
+6%This quarter-7.4%Since filed8+ qtrsHeld$29.6M
2.9% of stocks
-8%This quarter-1.7%Since filed8+ qtrsHeld$29.1M
2.9% of stocks
+11%This quarter-2.5%Since filed8+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 3 qtrs in a row$28.2M
2.8% of stocks
+14%This quarter-1.2%Since filed8+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 4 qtrs in a row$27.5M
2.7% of stocks
+8%This quarter-10.6%Since filed8+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 4 qtrs in a row$19.7M
2.0% of stocks
+6550%This quarter-0.3%Since filed8+ qtrsHeld
All holdings — U S GLOBAL INVESTORS INC (Q3 2026)
137 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | FRANCO NEVADA Corp | Materials | $19.5M | 1.9% | 82K | +1% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | Wheaton Precious Metals Corp. | Materials | $18.5M | 1.8% | 138K | -0.7% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | IAMGOLD CORP | Materials | $16.3M | 1.6% | 887K | +1.0% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | Sabre Corp | Technology | $15.7M | 1.6% | 7.40M | -25% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | TEXTRON INC | Industrials | $15.6M | 1.6% | 205K | +16% | 8+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | — | AYA GOLD & SILVE - COM | — | $15.5M | 1.5% | 575K | -49% | — | — | 13F |
| 17 | Expedia Group, Inc. | Consumer Discretionary | $15.4M | 1.5% | 59K | -21% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | TripAdvisor, Inc. | Technology | $15.4M | 1.5% | 1.84M | +32% | 8+ qtrsAdded 4 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | GENERAL DYNAMICS CORP | Industrials | $15.2M | 1.5% | 46K | -1% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | Booking Holdings Inc. | Consumer Discretionary | $15.2M | 1.5% | 93K | -8% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | BOEING CO | Industrials | $14.7M | 1.5% | 79K | +6% | 8+ qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | Coeur Mining, Inc. | Materials | $13.2M | 1.3% | 748K | +70% | 8+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | Americas Gold & Silver Corp | Materials | $11.4M | 1.1% | 2.60M | -1.0% | 5 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | OR Royalties Inc. | Materials | $11.0M | 1.1% | 321K | -45% | 6 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | KINROSS GOLD CORP | Materials | $9.4M | 0.9% | 389K | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $ELE | Elemental Royalty Corp | Materials | $9.0M | 0.9% | 471K | New | |||
| 27 | $RYAAY | RYANAIR HOLDINGS PLC | Industrials | $8.4M | 0.8% | 153K | +10% | |||
| 28 | $VOXR | VOX ROYALTY CORP. | Materials | $8.3M | 0.8% | 1.66M | — | |||
| 29 | $TCOM | Trip.com Group Ltd | Consumer Discretionary | $8.2M | 0.8% | 210K | +20% | |||
| 30 | $LTM | LATAM AIRLINES GROUP S.A. | Industrials | $8.0M | 0.8% | 160K | -0.6% | |||
| 31 | $FSM | FORTUNA MINING CORP. | Materials | $8.0M | 0.8% | 708K | -5% | |||
| 32 | $TFPM | Triple Flag Precious Metals Corp. | Financials | $7.8M | 0.8% | 254K | +47% | |||
| 33 | $GFI | GOLD FIELDS LTD | Materials | $7.5M | 0.8% | 208K | +732% | |||
| 34 | $ARIS | Aris Mining Corp | Materials | $7.0M | 0.7% | 400K | — | |||
| 35 | $B | BARRICK MINING CORP | Materials | $6.9M | 0.7% | 170K | — | |||
| 36 | $AU | AngloGold Ashanti PLC | Materials | $6.6M | 0.7% | 70K | +604% | |||
| 37 | $CGAU | Centerra Gold Inc. | Materials | $6.5M | 0.7% | 300K | — | |||
| 38 | $ITRG | Integra Resources Corp. | Materials | $6.2M | 0.6% | 2.40M | +586% | |||
| 39 | $MUX | McEwen Inc. | Materials | $5.7M | 0.6% | 321K | +221% | |||
| 40 | $HMY | HARMONY GOLD MINING CO LTD | Materials | $5.5M | 0.6% | 311K | -28% | |||
| 41 | $AEM | AGNICO EAGLE MINES LTD | Materials | $5.5M | 0.6% | 30K | — | |||
| 42 | $GROY | Gold Royalty Corp. | Materials | $5.1M | 0.5% | 1.71M | New | |||
| 43 | $MTA | Metalla Royalty & Streaming Ltd. | Materials | $5.0M | 0.5% | 532K | -5% | |||
| 44 | $SSRM | SSR MINING INC. | Financials | $5.0M | 0.5% | 150K | +36% | |||
| 45 | $CPA | Copa Holdings, S.A. | Industrials | $4.2M | 0.4% | 32K | +6% | |||
| 46 | $EMBJ | EMBRAER S.A. | Industrials | $4.1M | 0.4% | 54K | -27% | |||
| 47 | $PAAS | PAN AMERICAN SILVER CORP | Materials | $4.0M | 0.4% | 89K | -50% | |||
| 48 | $OMAB | Central North Airport Group | Industrials | $4.0M | 0.4% | 41K | -1% | |||
| 49 | $VZLA | Vizsla Silver Corp. | Materials | $4.0M | 0.4% | 1.05M | — | |||
| 50 | $MMYT | MakeMyTrip Ltd | Consumer Discretionary | $3.9M | 0.4% | 83K | -17% | |||
| 51 | $BVN | BUENAVENTURA MINING CO INC | Materials | $3.9M | 0.4% | 124K | New | |||
| 52 | $ASR | SOUTHEAST AIRPORT GROUP | Industrials | $3.8M | 0.4% | 16K | +10% | |||
| 53 | — | GLOBAL X FDS - GLOBAL X SILVER | — | $3.4M | 0.3% | 40K | New | |||
| 54 | — | VANECK ETF TRUST - JUNIOR GOLD MINE | — | $3.4M | 0.3% | 30K | New | |||
| 55 | $AGI | ALAMOS GOLD INC | Materials | $3.2M | 0.3% | 100K | — | |||
| 56 | $SCZM | Santacruz Silver Mining Ltd. | Materials | $3.1M | 0.3% | 350K | — | |||
| 57 | $EGO | ELDORADO GOLD CORP /FI | Materials | $2.9M | 0.3% | 75K | New | |||
| 58 | $RACE | Ferrari N.V. | Consumer Discretionary | $2.9M | 0.3% | 7,285 | -8% | |||
| 59 | $SBSW | Sibanye Stillwater Ltd | Materials | $2.8M | 0.3% | 275K | — | |||
| 60 | $WDS | WOODSIDE ENERGY GROUP LTD | Energy | $2.8M | 0.3% | 125K | — | |||
| 61 | $SVM | SILVERCORP METALS INC | Materials | $2.7M | 0.3% | 250K | — | |||
| 62 | $EXK | ENDEAVOUR SILVER CORP | Materials | $2.5M | 0.3% | 295K | -72% | |||
| 63 | $VMET | Versamet Royalties Corp | Financials | $2.4M | 0.2% | 275K | +10% | |||
| 64 | $XOM.R34088 | EXXON MOBIL CORP | Energy | $2.4M | 0.2% | 15K | +71% | |||
| 65 | $TSLA | Tesla, Inc. | Consumer Discretionary | $2.3M | 0.2% | 6,450 | — | |||
| 66 | $SHEL | Shell plc | Energy | $2.3M | 0.2% | 24K | +33% | |||
| 67 | $AUGO | Aura Minerals Inc. | Materials | $2.0M | 0.2% | 25K | -50% | |||
| 68 | $TTE | TotalEnergies SE | Energy | $1.9M | 0.2% | 22K | — | |||
| 69 | $NTR | Nutrien Ltd. | Materials | $1.8M | 0.2% | 25K | — | |||
| 70 | $RCL | ROYAL CARIBBEAN CRUISES LTD | Industrials | $1.7M | 0.2% | 6,530 | -23% | |||
| 71 | $MAR | MARRIOTT INTERNATIONAL INC /MD/ | Consumer Discretionary | $1.7M | 0.2% | 4,850 | +90% | |||
| 72 | $HSLV | Highlander Silver Corp. | Materials | $1.7M | 0.2% | 325K | — | |||
| 73 | $LNG | Cheniere Energy, Inc. | Energy | $1.7M | 0.2% | 6,200 | — | |||
| 74 | $HLT | Hilton Worldwide Holdings Inc. | Consumer Discretionary | $1.6M | 0.2% | 4,930 | +25% | |||
| 75 | $OGC | OceanaGold Corp | Materials | $1.4M | 0.1% | 50K | — | |||
| 76 | $GS | GOLDMAN SACHS GROUP INC | Financials | $1.4M | 0.1% | 1,500 | New | |||
| 77 | $CCL | Carnival Corp Ltd. | Industrials | $1.3M | 0.1% | 53K | — | |||
| 78 | $HL | HECLA MINING CO/DE/ | Materials | $1.3M | 0.1% | 75K | — | |||
| 79 | $EL | ESTEE LAUDER COMPANIES INC | Consumer Staples | $1.2M | 0.1% | 13K | -20% | |||
| 80 | $BMM | Blue Moon Metals Inc. | Materials | $1.1M | 0.1% | 220K | +10% | |||
| 81 | $LVS | LAS VEGAS SANDS CORP | Consumer Discretionary | $1.1M | 0.1% | 29K | +62% | |||
| 82 | $UBS | UBS Group AG | Financials | $1.1M | 0.1% | 22K | — | |||
| 83 | $ECO | Okeanis Eco Tankers Corp. | Industrials | $1000K | 0.1% | 12K | New | |||
| 84 | $AUXX | Gold X2 Mining Inc. | Materials | $982K | 0.1% | 200K | New | |||
| 85 | $DHT | DHT Holdings, Inc. | Industrials | $942K | 0.1% | 42K | -23% | |||
| 86 | $MAKO | Mako Mining Corp. | Materials | $941K | 0.1% | 100K | — | |||
| 87 | $TNK | TEEKAY TANKERS LTD. | Industrials | $911K | 0.1% | 9,385 | +87% | |||
| 88 | $STNG | Scorpio Tankers Inc. | Industrials | $880K | 0.1% | 11K | +11% | |||
| 89 | $HAFN | Hafnia Ltd | Industrials | $770K | 0.1% | 77K | +55% | |||
| 90 | $INSW | International Seaways, Inc. | Industrials | $762K | 0.1% | 6,916 | -38% | |||
| 91 | $LTH | Life Time Group Holdings, Inc. | Communication Services | $762K | 0.1% | 19K | -40% | |||
| 92 | $TK | TEEKAY CORP LTD | Industrials | $743K | 0.1% | 52K | -15% | |||
| 93 | $TOL | Toll Brothers, Inc. | Industrials | $741K | 0.1% | 5,500 | -13% | |||
| 94 | $SSMR | Sunshine Silver Mining & Refining Co | Materials | $736K | 0.1% | 50K | -9% | |||
| 95 | $FRO | Frontline plc | Industrials | $732K | 0.1% | 15K | New | |||
| 96 | $BWLP | BW LPG Ltd | Industrials | $705K | 0.1% | 28K | -17% | |||
| 97 | $OGG | Osisko Gold Group Inc. | Materials | $702K | 0.1% | 250K | — | |||
| 98 | $STZ | CONSTELLATION BRANDS, INC. | Consumer Staples | $678K | 0.1% | 6,000 | +500% | |||
| 99 | $NCLH | Norwegian Cruise Line Holdings Ltd. | Industrials | $652K | 0.1% | 45K | New | |||
| 100 | $PPTA | PERPETUA RESOURCES CORP. | Materials | $647K | 0.1% | 30K | — | |||
| 101 | $VLO | VALERO ENERGY CORP/TX | Energy | $581K | 0.1% | 1,500 | — | |||
| 102 | $TPR | TAPESTRY, INC. | Consumer Discretionary | $557K | 0.1% | 4,845 | +20% | |||
| 103 | $ASM | AVINO SILVER & GOLD MINES LTD | Materials | $555K | 0.1% | 100K | -84% | |||
| 104 | $REAL | TheRealReal, Inc. | Consumer Discretionary | $548K | 0.1% | 62K | +94% | |||
| 105 | $EXPD | EXPEDITORS INTERNATIONAL OF WASHINGTON INC | Industrials | $512K | 0.1% | 2,774 | -16% | |||
| 106 | $IE | Ivanhoe Electric Inc. | Materials | $511K | 0.1% | 51K | — | |||
| 107 | $UPS | UNITED PARCEL SERVICE INC | Industrials | $490K | 0.1% | 5,241 | +4% | |||
| 108 | $ZTO | ZTO Express (Cayman) Inc. | Industrials | $489K | 0.1% | 25K | +4% | |||
| 109 | $SIND | Sinda Ltd. | Materials | $483K | 0.1% | 35K | — | |||
| 110 | $FDX | FEDEX CORP | Industrials | $478K | 0.1% | 1,676 | +4% | |||
| 111 | $RRC | RANGE RESOURCES CORP | Energy | $389K | 0.0% | 11K | — | |||
| 112 | $ASC | Ardmore Shipping Corp | Industrials | $353K | 0.0% | 19K | New | |||
| 113 | $DAC | Danaos Corp | Industrials | $342K | 0.0% | 2,219 | -21% | |||
| 114 | $SA | SEABRIDGE GOLD INC | Materials | $340K | 0.0% | 12K | New | |||
| 115 | $GSL | Global Ship Lease, Inc. | Industrials | $339K | 0.0% | 7,677 | -59% | |||
| 116 | $MATX | Matson, Inc. | Industrials | $335K | 0.0% | 1,527 | New | |||
| 117 | $AR | ANTERO RESOURCES Corp | Energy | $334K | 0.0% | 10K | — | |||
| 118 | $HAL | HALLIBURTON CO | Energy | $318K | 0.0% | 10K | — | |||
| 119 | $MPC | Marathon Petroleum Corp | Energy | $316K | 0.0% | 800 | New | |||
| 120 | $BP | BP PLC | Energy | $308K | 0.0% | 7,000 | — | |||
| 121 | $PSX | Phillips 66 | Energy | $306K | 0.0% | 1,200 | New | |||
| 122 | $CNL | Collective Mining Ltd. | Materials | $306K | 0.0% | 25K | -29% | |||
| 123 | $BKR | Baker Hughes Co | Energy | $275K | 0.0% | 5,000 | — | |||
| 124 | $DINO | HF Sinclair Corp | Energy | $268K | 0.0% | 2,500 | New | |||
| 125 | $PZG | Paramount Gold Nevada Corp. | Materials | $244K | 0.0% | 200K | — | |||
| 126 | $RL | RALPH LAUREN CORP | Consumer Discretionary | $231K | 0.0% | 650 | New | |||
| 127 | $SLB | SLB LIMITED/NV | Energy | $219K | 0.0% | 4,500 | — | |||
| 128 | $CCJ | CAMECO CORP | Materials | $217K | 0.0% | 2,500 | — | |||
| 129 | $SLI | STANDARD LITHIUM LTD. | Healthcare | $201K | 0.0% | 110K | New | |||
| 130 | $WTTR | Select Water Solutions, Inc. | Energy | $198K | 0.0% | 10K | — | |||
| 131 | $XPL | SOLITARIO RESOURCES CORP. | Materials | $179K | 0.0% | 310K | — | |||
| 132 | $VIK | Viking Holdings Ltd | Industrials | $175K | 0.0% | 2,235 | -88% | |||
| 133 | $MGM | MGM Resorts International | Consumer Discretionary | $158K | 0.0% | 5,100 | — | |||
| 134 | $GAU | Galiano Gold Inc. | Materials | $136K | 0.0% | 70K | New | |||
| 135 | $CME | CME GROUP INC. | Financials | $121K | 0.0% | 461 | — | |||
| 136 | — | GLOBAL X FDS - MSCI CHINA CNSMR | — | $71K | 0.0% | 4,500 | — | |||
| 137 | $MLCO | Melco Resorts & Entertainment LTD | Consumer Discretionary | $54K | 0.0% | 12K | — |
What changed in Q3 2026
Against the previous quarter's 13F: 21 new, 41 added to, 35 trimmed, 11 sold out. Share-count changes; largest moves by dollar size first.
New positions (21)
$KGCKINROSS GOLD CORP$9.4M
first bought this quarter
$ELEElemental Royalty Corp$9.0M
first bought this quarter
$GROYGold Royalty Corp.$5.1M
first bought this quarter
$BVNBUENAVENTURA MINING CO INC$3.9M
first bought this quarter
- GLOBAL X FDS - GLOBAL X SILVER$3.4M
first bought this quarter
- VANECK ETF TRUST - JUNIOR GOLD MINE$3.4M
first bought this quarter
+15 more in the Excel export
Added to (41)
now $19.7M · held 8+ qtrs
now $94.1M · held 8+ qtrs, 2 adds in a row
now $90.7M · held 8+ qtrs
$GFIGOLD FIELDS LTD+732%
now $7.5M · held 8+ qtrs
$AUAngloGold Ashanti PLC+604%
now $6.6M · held 8+ qtrs
$CDECoeur Mining, Inc.+70%
now $13.2M · held 8+ qtrs
+35 more in the Excel export
Trimmed (35)
- AYA GOLD & SILVE - COM-49%
now $15.5M
$OROR Royalties Inc.-45%
now $11.0M · held 6 qtrs
$EXKENDEAVOUR SILVER CORP-72%
now $2.5M · held 8+ qtrs
now $15.7M · held 8+ qtrs
now $15.4M · held 8+ qtrs
$PAASPAN AMERICAN SILVER CORP-50%
now $4.0M · held 5 qtrs
+29 more in the Excel export
Holdings by quarter
Every 13F U S GLOBAL INVESTORS INC has filed, 41 earlier quarters. Pick one to see what it held then.
Is it too late to follow U S GLOBAL INVESTORS?
Q3 2026 13F filed with the SEC on Oct 22, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of U S GLOBAL INVESTORS's top 20 holdings: 59/100 (our AI quality score, weighted by position size; 18 of the 20 are scored)
Top 10 since filing
-1.7%
Value-weighted move of the 10 largest stock positions
Turnover
7%
Last quarter; 44% over the last 4
Top 10 weight
53%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
94%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
U S GLOBAL INVESTORS INC disclosed 137 positions worth $1.0B in its Form 13F-HR for Q3 2026, led by $LUV (SOUTHWEST AIRLINES CO) at 9.4% of the equity portfolio, followed by $DAL and $AAL. During the quarter the fund opened 21 new positions and exited 11 — including a new stake in $KGC and a full exit from $NEM. The portfolio is most concentrated in Industrials (60.2% 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.
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