U S GLOBAL INVESTORS INC — 13F Holdings & Portfolio
CIK 754811 · latest 13F-HR filed 2026-05-01
U S GLOBAL INVESTORS INC manages $857.6M in 13F-reported U.S. long-equity assets across 162 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are DAL (9.08%), UAL (8.42%), AAL (8.06%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 29 new positions, exited 23, added to 57, and trimmed 40.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$857.6M
Long-equity book
162
Distinct positions
2026-03-31
Filed 2026-05-01
+29 / −23 / ↑57 / ↓40
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- COEUR MINING INC$9.2M +146.1%
- IAMGOLD CORP$8.8M +92.8%
- OR ROYALTIES INC$8.2M +67.3%
- GOLD FIELDS LTD$7.8M +119.3%
- ALAMOS GOLD INC$7.6M +561.4%
Top Trims
- SOUTHWEST AIR-$24.4M -28.0%
- UNITED AIRLINES-$16.3M -18.4%
- AMERICAN AIRLINE-$16.3M -19.1%
- WHEATON PRECIOUS-$14.9M -79.6%
- BARRICK MINING C-$7.9M -57.5%
New Positions
- SANTACRUZ SILVER$6.8M
- NEWMONT CORP$4.0M
- ORLA MINING LTD$4.0M
- SSR MINING IN$3.2M
- VERSAMET ROYALTI$2.2M
Exited Positions
- SUN COUNTRY HOLD$23.2M
- CALEDONIA MINING$5.7M
- ALLIED GOLD CORP$5.6M
- GALIANO GOLD INC$5.5M
- EQUINOX GOLD CORP$2.8M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | DELTA AIR LI | DAL | 247361702 | $77.9M | 9.08% | 1,171,746 | SH |
| 2 | UNITED AIRLINES | UAL | 910047109 | $72.2M | 8.42% | 784,599 | SH |
| 3 | AMERICAN AIRLINE | AAL | 02376R102 | $69.1M | 8.06% | 6,435,049 | SH |
| 4 | SOUTHWEST AIR | LUV | 844741108 | $62.7M | 7.31% | 1,668,355 | SH |
| 5 | JETBLUE AIRWAYS | JBLU | 477143101 | $24.5M | 2.86% | 5,542,536 | SH |
| 6 | ALLEGIANT TRAVEL | ALGT | 01748X102 | $24.2M | 2.83% | 299,225 | SH |
| 7 | FRONTIER GROUP H | ULCC | 35909R108 | $23.9M | 2.79% | 6,781,412 | SH |
| 8 | SKYWEST INC | SKYW | 830879102 | $23.7M | 2.76% | 257,593 | SH |
| 9 | ALASKA AIR GROUP | ALK | 011659109 | $21.9M | 2.56% | 596,572 | SH |
| 10 | ROYAL GOLD INC | RGLD | 780287108 | $20.4M | 2.37% | 79,985 | SH |
| 11 | FRANCO-NEVADA CO | FNV | 351858105 | $19.9M | 2.32% | 80,370 | SH |
| 12 | OR ROYALTIES INC | OR | 68390D106 | $17.2M | 2.01% | 453,625 | SH |
| 13 | TRIPADVISOR INC | TRIP | 896945201 | $14.6M | 1.71% | 1,372,941 | SH |
| 14 | EXPEDIA GROUP IN | EXPE | 30212P303 | $12.9M | 1.51% | 56,029 | SH |
| 15 | BOOKING HOLDINGS | BKNG | 09857L108 | $12.7M | 1.48% | 3,008 | SH |
| 16 | BOEING CO/THE | BA | 097023105 | $12.5M | 1.45% | 62,592 | SH |
| 17 | GENERAL DYNAMICS | GD | 369550108 | $12.4M | 1.44% | 36,097 | SH |
| 18 | TEXTRON INC | TXT | 883203101 | $12.3M | 1.43% | 139,954 | SH |
| 19 | SABRE CORP | SABR | 78573M104 | $10.9M | 1.27% | 7,534,906 | SH |
| 20 | IAMGOLD CORP | IAG | 450913108 | $10.8M | 1.26% | 575,000 | SH |
| 21 | AMERICAS GOLD AN | USAS | 03062D803 | $9.4M | 1.10% | 1,800,000 | SH |
| 22 | ANGLOGOLD ASHANTI PLC | AU | G0378L100 | $8.8M | 1.02% | 90,000 | SH |
| 23 | AURA MINERALS INC | AUGO | G06973112 | $8.2M | 0.95% | 100,000 | SH |
| 24 | VOX ROYALTY CORP | VOXR | 92919F103 | $7.9M | 0.92% | 1,512,000 | SH |
| 25 | GOLD FIELDS-ADR | GFI | 38059T106 | $7.6M | 0.88% | 166,358 | SH |
| 26 | IAMGOLD CORP | IAG | 450913108 | $7.5M | 0.87% | 396,581 | SH |
| 27 | COEUR MINING INC | CDE | 192108504 | $7.3M | 0.85% | 390,547 | SH |
| 28 | GOLD FIELDS LTD | GFI | 38059T106 | $6.8M | 0.79% | 150,000 | SH |
| 29 | LATAM AIRLINES G | LTM | 51817R205 | $6.7M | 0.78% | 136,140 | SH |
| 30 | EMBRAER SA-ADR | EMBJ | 29082A107 | $6.7M | 0.78% | 113,029 | SH |
| 31 | COEUR MNG INC | CDE | 192108504 | $6.6M | 0.76% | 349,385 | SH |
| 32 | ARIS MINING CORP | ARIS | 04040Y109 | $6.3M | 0.74% | 340,000 | SH |
| 33 | TRIP.COM GRO-ADR | TCOM | 89677Q107 | $6.1M | 0.72% | 123,343 | SH |
| 34 | HARMONY GOLD-ADR | HMY | 413216300 | $6.1M | 0.71% | 397,947 | SH |
| 35 | AGNICO EAGLE MINES LTD | AEM | 008474108 | $6.1M | 0.71% | 30,000 | SH |
| 36 | RYANAIR HLDG-ADR | RYAAY | 783513203 | $6.0M | 0.70% | 104,201 | SH |
| 37 | KINROSS GOLD | KGC | 496902404 | $6.0M | 0.70% | 195,363 | SH |
| 38 | AGNICO EAGLE MIN | AEM | 008474108 | $5.9M | 0.69% | 29,133 | SH |
| 39 | BARRICK MINING C | B | 06849F108 | $5.8M | 0.68% | 142,865 | SH |
| 40 | ALAMOS GOLD INC | AGI | 011532108 | $5.8M | 0.68% | 131,021 | SH |
| 41 | DRDGOLD LTD-ADR | DRD | 26152H301 | $5.7M | 0.67% | 195,545 | SH |
| 42 | MAKEMYTRIP LTD | MMYT | V5633W109 | $5.2M | 0.61% | 140,706 | SH |
| 43 | CENTERRA GOLD IN | CGAU | 152006102 | $4.1M | 0.47% | 228,452 | SH |
| 44 | PAN AMERN SILVER CORP | PAAS | 697900108 | $4.0M | 0.47% | 73,555 | SH |
| 45 | NEWMONT CORP | NEM | 651639106 | $4.0M | 0.46% | 36,830 | SH |
| 46 | ORLA MINING LTD | ORLA | 68634K106 | $4.0M | 0.46% | 246,374 | SH |
| 47 | SILVERCORP METAL | SVM | 82835P103 | $3.9M | 0.46% | 367,663 | SH |
| 48 | ANGLOGOLD ASHANT | AU | G0378L100 | $3.9M | 0.46% | 40,445 | SH |
| 49 | FORTUNA MINING C | FSM | 349942102 | $3.8M | 0.44% | 383,650 | SH |
| 50 | WHEATON PRECIOUS | WPM | 962879102 | $3.8M | 0.44% | 29,064 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-01 | $857.6M | 162 | 0001437749-26-014398 |
| 2025-12-31 | 2026-01-28 | $934.0M | 158 | 0001437749-26-002320 |