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Asset Manager ← All Institutions

U S GLOBAL INVESTORS INC

7900 CALLAGHAN RD, SAN ANTONIO, TX 78229 • 2103081234

Q1 2026 · Filed 2026-05-01
Market Value
$823M
-7.9%
Holdings
139
-11
New Purchases
25
Added To
40
Closed
19
Reduced
32
Top 10 Concentration
51.2%
Turnover
31.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CDE 1.89% 0.71% +1.18% $16M
IAG 2.22% 1.06% +1.16% $18M
OR 2.47% 1.36% +1.11% $20M
GFI 1.75% 0.73% +1.01% $14M
AGI 1.09% 0.15% +0.93% $9M
AEM 1.46% 0.57% +0.89% $12M
SCZM 0.83% 0.00% +0.83% $7M
ULCC 2.91% 2.18% +0.73% $24M
SVM 0.81% 0.23% +0.57% $7M
JBLU 2.98% 2.41% +0.57% $24M
NEM 0.48% 0.00% +0.48% $4M
ORLA 0.48% 0.00% +0.48% $4M
FNV 2.53% 2.07% +0.46% $21M
AUGO 0.99% 0.56% +0.43% $8M
KGC 0.72% 0.32% +0.41% $6M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SNCY 0.00% 2.60% -2.60% $0
LUV 7.62% 9.75% -2.13% $63M
WPM 0.46% 2.09% -1.63% $4M
AAL 8.40% 9.56% -1.16% $69M
UAL 8.78% 9.91% -1.13% $72M
B 0.71% 1.54% -0.83% $6M
TFPM.TO 0.25% 1.04% -0.79% $2M
MTA 0.47% 1.25% -0.78% $4M
CMCL 0.00% 0.64% -0.64% $0
GAU 0.00% 0.62% -0.62% $0
BA 1.51% 1.88% -0.36% $12M
EQX 0.00% 0.31% -0.31% $0
TXT 1.49% 1.79% -0.30% $12M
BKNG 1.54% 1.82% -0.28% $13M
GD 1.51% 1.76% -0.26% $12M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Industrials 57.4%
Basic Materials 30.0%
Consumer Cyclical 9.6%
Energy 2.3%
Financial Services 0.4%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 7 $10M 1.2%
Large Cap 62 $453M 55.1%
Mid Cap 44 $233M 28.3%
Small Cap 18 $117M 14.2%
Micro Cap 8 $10M 1.2%

Portfolio Analytics

Avg Market Cap
$69.7B
Median Market Cap
$9.8B
Avg P/E
26.8
Median P/E
16.6
Avg Dividend Yield
0.01%
Avg Beta
1.04
# Stocks
137
# ETFs / Funds
2

Top Holdings (139 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 DAL 9.47% 1,171,746 $78M $66.48 -$7M -44,985 -3.7%
2 UAL 8.78% 784,599 $72M $92.07 -$16M -7,477 -0.9%
3 AAL 8.40% 6,435,049 $69M $10.74 -$16M +865,205 +15.5%
4 LUV 7.62% 1,668,355 $63M $37.57 -$24M -438,970 -20.8%
5 JBLU 2.98% 5,542,536 $24M $4.42 $3M +813,782 +17.2%
6 ALGT 2.95% 299,225 $24M $81.04 -$26K +14,540 +5.1%
7 ULCC 2.91% 6,781,412 $24M $3.53 $4M +2,643,448 +63.9%
8 SKYW 2.88% 257,593 $24M $91.83 $1M +34,587 +15.5%
9 ALK 2.67% 596,572 $22M $36.78 -$992K +140,638 +30.9%
10 FNV 2.53% 84,410 $21M $247.05 $2M -4,901 -5.5%
11 RGLD 2.51% 81,240 $21M $254.49 $1M -5,698 -6.5%
12 OR 2.47% 534,625 $20M $38.02 $8M +191,380 +55.8%
13 IAG 2.22% 971,581 $18M $18.82 $9M +396,581 +69.0%
14 CDE 1.89% 829,850 $16M $18.77 $9M +474,850 +133.8%
15 TRIP 1.78% 1,372,941 $15M $10.66 -$476K +335,087 +32.3%
16 GFI 1.75% 316,358 $14M $45.40 $8M +166,358 +110.9%
17 EXPE 1.57% 56,029 $13M $230.89 -$3M -783 -1.4%
18 BKNG 1.54% 3,008 $13M $4,210.32 -$4M -22 -0.7%
19 BA 1.51% 62,592 $12M $199.03 -$4M -14,700 -19.0%
20 GD 1.51% 36,097 $12M $343.22 -$3M -10,683 -22.8%
21 TXT 1.49% 139,954 $12M $87.56 -$4M -43,967 -23.9%
22 AEM 1.46% 59,133 $12M $202.98 $7M +29,133 +97.1%
23 SABR 1.33% 7,534,906 $11M $1.45 -$3M -2,638,686 -25.9%
24 AGI 1.09% 201,021 $9M $44.43 $8M +166,021 +474.4%
25 VOXCF 1.06% 1,662,000 $9M $5.24 $1M +100,000 +6.4%
26 AUGO 0.99% 100,000 $8M $81.60 $3M
27 CGAU 0.95% 438,452 $8M $17.80 -$3M -283,469 -39.3%
28 DRD 0.88% 245,545 $7M $29.37 $326K +23,512 +10.6%
29 SCZM 0.83% 781,754 $7M $8.70 +781,754 NEW
30 LTM 0.82% 136,140 $7M $49.44 -$1M -15,473 -10.2%
31 ERJ 0.82% 113,029 $7M $59.34 -$1M -10,766 -8.7%
32 SVM 0.81% 617,663 $7M $10.74 $5M +367,663 +147.1%
33 ARIS 0.77% 340,000 $6M $18.59 $802K
34 TCOM 0.75% 123,343 $6M $49.79 -$2M +9,458 +8.3%
35 HMY 0.74% 397,947 $6M $15.37 $815K +131,538 +49.4%
36 RYAAY 0.73% 104,201 $6M $57.80 -$2M -9,452 -8.3%
37 KGC 0.72% 195,363 $6M $30.52 $3M +95,363 +95.4%
38 B 0.71% 142,865 $6M $40.79 -$8M -172,135 -54.6%
39 MMYT 0.64% 140,706 $5M $37.29 $1M +89,836 +176.6%
40 PAAS 0.49% 73,555 $4M $54.63 $207K
41 NEM 0.48% 36,830 $4M $108.25 +36,830 NEW
42 ORLA 0.48% 246,374 $4M $16.10 +246,374 NEW
43 MTA 0.47% 578,500 $4M $6.63 -$7M -854,010 -59.6%
44 FSM 0.46% 383,650 $4M $9.93 -$2M -176,951 -31.6%
45 WPM 0.46% 29,064 $4M $131.01 -$15M -129,712 -81.7%
46 OMAB 0.42% 30,150 $3M $114.73 -$544K -6,655 -18.1%
47 SBSW 0.41% 275,000 $3M $12.32 -$531K
48 ASR 0.41% 9,988 $3M $336.13 -$664K -2,446 -19.7%
49 CPA 0.39% 28,507 $3M $113.61 -$828K -5,213 -15.5%
50 SSRM 0.39% 110,000 $3M $29.40 +110,000 NEW
51 XOM 0.36% 17,500 $3M $169.66 $1M +4,000 +29.6%
52 EXK 0.34% 295,200 $3M $9.34 -$490K -49,800 -14.4%
53 RACE 0.33% 7,925 $3M $338.45 $533K +2,110 +36.3%
54 TSLA 0.32% 7,100 $3M $371.75 $13K +1,260 +21.6%
55 RCL 0.29% 8,530 $2M $275.18 -$284K -905 -9.6%
56 NTR 0.28% 30,000 $2M $75.46 $721K +5,000 +20.0%
57 VMET 0.27% 250,000 $2M $8.78 +250,000 NEW
58 TFPM.TO 0.25% 60,000 $2M $34.71 -$7M -219,270 -78.5%
59 MUX 0.25% 100,000 $2M $20.48 $191K
60 TOTB.DE 0.24% 22,000 $2M $90.98 $1M +7,000 +46.7%
61 AMZN 0.24% 9,500 $2M $208.27 +9,500 NEW
62 WDS 0.22% 75,000 $2M $23.88 $1M +35,000 +87.5%
63 LNG 0.21% 6,200 $2M $283.76 $1M +3,200 +106.7%
64 SHEL 0.20% 18,000 $2M $93.00 $866K +7,000 +63.6%
65 HL 0.17% 75,000 $1M $18.63 +75,000 NEW
66 CCL 0.17% 52,500 $1M $25.88 -$794K -18,000 -25.5%
67 HLT 0.16% 4,250 $1M $304.08 -$862K -3,250 -43.3%
68 SA 0.14% 40,000 $1M $28.34 -$50K
69 LTH 0.13% 41,100 $1M $26.94 $214K +7,500 +22.3%
70 UBS 0.13% 27,800 $1M $39.07 -$48K +3,300 +13.5%
71 AG 0.13% 50,000 $1M $21.48 +50,000 NEW
72 MAR 0.12% 2,900 $949K $327.07 -$851K -2,900 -50.0%
73 EL 0.11% 13,000 $933K $71.77 $252K +6,500 +100.0%
74 PPTA 0.10% 30,000 $844K $28.12 -$52K -7,000 -18.9%
75 EXE 0.10% 7,500 $823K $109.78 +7,500 NEW
76 ODV 0.10% 250,000 $811K $3.25 -$36K
77 HAFN 0.10% 105,179 $799K $7.60 +105,179 NEW
78 TK 0.09% 62,843 $767K $12.21 +62,843 NEW
79 EQT 0.09% 12,000 $764K $63.64 +12,000 NEW
80 VLO 0.09% 3,000 $741K $247.08 $578K +2,000 +200.0%
81 TOL 0.09% 5,400 $737K $136.47 +5,400 NEW
82 DAC 0.09% 6,418 $723K $112.64 $519K +4,249 +195.9%
83 CAT 0.09% 1,000 $708K $708.46 $136K
84 CTRA 0.09% 20,000 $703K $35.14 +20,000 NEW
85 GSL 0.08% 18,690 $696K $37.23 $491K +12,856 +220.4%
86 LVS 0.08% 12,200 $657K $53.88 -$137K
87 ASM 0.08% 100,000 $632K $6.32 +100,000 NEW
88 TPR 0.07% 4,045 $571K $141.11 -$260K -2,455 -37.8%
89 ZTO 0.07% 22,332 $562K $25.17 $249K +7,340 +49.0%
90 CCJ 0.07% 5,000 $543K $108.61 $86K
91 FDX 0.06% 1,485 $529K $356.18 $186K +297 +25.0%
92 EXPD 0.06% 3,686 $528K $143.23 $198K +1,473 +66.6%
93 UPS 0.06% 5,357 $527K $98.38 $192K +1,984 +58.8%
94 BKR 0.06% 8,500 $519K $61.05 $132K
95 RRC 0.06% 10,500 $474K $45.18 $104K
96 AR 0.05% 10,000 $424K $42.44 $252K +5,000 +100.0%
97 TRMD 0.05% 14,192 $396K $27.90 +14,192 NEW
98 TNK 0.05% 5,383 $395K $73.32 $193K +1,615 +42.9%
99 HAL 0.05% 10,000 $390K $38.99 $107K
100 MATX 0.05% 2,343 $384K $163.94 -$59K -1,244 -34.7%

New Positions

SymbolValue% Port
SCZM $7M 0.83%
NEM $4M 0.48%
ORLA $4M 0.48%
SSRM $3M 0.39%
VMET $2M 0.27%
AMZN $2M 0.24%
HL $1M 0.17%
AG $1M 0.13%
EXE $823K 0.10%
HAFN $799K 0.10%
TK $767K 0.09%
EQT $764K 0.09%
TOL $737K 0.09%
CTRA $703K 0.09%
ASM $632K 0.08%

Sold Out Positions

SymbolValue% Port
FSLR —%
EGO —%
J —%
TECK —%
BHP —%
ES —%
SIG —%
HBM —%
TDW —%
GS —%
ELBM —%
EQX —%
TGB —%
CMCL —%
CALI —%
View SEC EDGAR Filings for U S GLOBAL INVESTORS INC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms