U S Global Investors Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 27, 2026), U S Global Investors Inc. reported 127 stock positions worth $1.0 billion. Its top holding was American Airlines (AAL) at 10.4% of the portfolio, followed by United Airlines (UAL, 10.2%) and Southwest Airlines (LUV, 9.8%). Compared with Q1 2026, it opened 11 new positions, sold out of 19, added to 44 and reduced 38. The biggest buy was Southwest Airlines (LUV, shares +19%) and the biggest sale Royal Gold (RGLD, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- SAN ANTONIO, TX
- CIK
- 0000754811
- Portfolio Value
- $1.0B (Q2 2026)
- SEC Filing
- 0001437749-26-024513 ↗ filed Jul 27, 2026
Holdings Value
Holdings 127 stocks · $1.0B
| AAL American Airlines Group Inc. | 10.43% | 6,001,172 | $108.4M | Reduce -6.7% |
| UAL United Airlines Holdings Inc. | 10.21% | 780,724 | $106.2M | Reduce -0.5% |
| LUV Southwest Airlines Co. | 9.82% | 1,985,637 | $102.1M | Add +19.0% |
| DAL Delta Air Lines Inc. | 9.68% | 1,075,013 | $100.7M | Reduce -8.3% |
| ALGT Allegiant Travel Co. | 3.93% | 347,245 | $40.8M | Add +16.1% |
| ULCC Frontier Group Holdings Inc. | 3.74% | 4,914,655 | $38.9M | Reduce -27.5% |
| JBLU Jetblue Airways Corp. | 3.30% | 5,996,231 | $34.4M | Add +8.2% |
| ALK Alaska Air Group Inc. | 3.21% | 639,713 | $33.4M | Add +7.2% |
| SKYW Skywest Inc. | 3.18% | 333,087 | $33.1M | Add +29.3% |
| AYA Aya Gold & Silver Inc. | 2.04% | 1,125,000 | $21.3M | New |
| SABR Sabre Corp. | 1.99% | 9,885,943 | $20.7M | Add +31.2% |
| TRIP Tripadvisor Inc. | 1.84% | 1,393,974 | $19.1M | Add +1.5% |
| EXPE Expedia Group Inc. | 1.82% | 73,940 | $18.9M | Add +32.0% |
| OR Or Royalties Inc. | 1.77% | 580,723 | $18.4M | Add +8.6% |
| BKNG Booking Holdings Inc. | 1.74% | 101,546 | $18.1M | Add +35.0% |
| FNV Franco-Nevada Corp. | 1.62% | 80,622 | $16.8M | Reduce -4.5% |
| GD General Dynamics Corp. | 1.58% | 46,295 | $16.4M | Add +28.3% |
| TXT Textron Inc. | 1.56% | 177,167 | $16.3M | Add +26.6% |
| BA The Boeing Co. | 1.56% | 74,907 | $16.2M | Add +19.7% |
| WPM Wheaton Precious Metals Corp. | 1.51% | 139,426 | $15.7M | Add +379.7% |
| IAG Iamgold Corp. | 1.34% | 878,486 | $13.9M | Reduce -9.6% |
| USAS Americas Gold and Silver Cor | 1.19% | 2,625,000 | $12.4M | Add +45.8% |
| LTM Latam Airlines Group SA-ADR | 0.90% | 161,198 | $9.4M | Add +18.4% |
| RYAAY Ryanair Holdings PLC-SP ADR | 0.87% | 139,753 | $9.0M | Add +34.1% |
| EXK Endeavour Silver Corp. | 0.83% | 1,043,200 | $8.6M | Add +253.4% |
| PAAS Pan American Silver Corp. | 0.76% | 176,555 | $7.9M | Add +140.0% |
| VOXR Vox Royalty Corp. | 0.76% | 1,662,000 | $7.9M | No change |
| CDE Coeur Mining Inc. | 0.69% | 439,303 | $7.2M | Reduce -47.1% |
| TCOM Trip.com Group Ltd.-ADR | 0.67% | 175,270 | $7.0M | Add +42.1% |
| HMY Harmony Gold MNG-Spon ADR | 0.63% | 428,647 | $6.5M | Add +7.7% |
| FSM Fortuna Mining Corp. | 0.60% | 743,591 | $6.3M | Add +93.8% |
| B Barrick Mining Corp. | 0.60% | 170,000 | $6.2M | Add +19.0% |
| ARIS Aris Mining Corp. | 0.57% | 400,000 | $6.0M | Add +17.6% |
| MMYT Makemytrip Ltd. | 0.51% | 99,379 | $5.3M | Reduce -29.4% |
| TFPM Triple Flag Precious Met | 0.50% | 172,000 | $5.2M | Add +186.7% |
| CGAU Centerra Gold Inc. | 0.46% | 300,000 | $4.7M | Reduce -31.6% |
| OMAB Grupo Aeroportuario Cen-ADR | 0.46% | 41,857 | $4.7M | Add +38.8% |
| EMBJ Embraer SA-Spon ADR | 0.45% | 73,982 | $4.7M | Reduce -34.5% |
| AEM Agnico Eagle Mines Ltd. | 0.45% | 30,000 | $4.7M | Reduce -49.3% |
| NEM Newmont Corp. | 0.45% | 49,739 | $4.6M | Add +35.0% |
| CPA Copa Holdings SA Class A | 0.45% | 29,833 | $4.6M | Add +4.7% |
| ASR Grupo Aeroportuario Sur-ADR | 0.43% | 14,624 | $4.5M | Add +46.4% |
| MTA Metalla Royalty & Streaming | 0.41% | 558,500 | $4.3M | Reduce -3.5% |
| ASM Avino Silver & Gold Mines | 0.37% | 610,000 | $3.9M | Add +510.0% |
| VZLA Vizsla Silver Corp. | 0.33% | 1,050,000 | $3.4M | No change |
| AUGO Aura Minerals Inc. | 0.30% | 50,000 | $3.1M | Reduce -50.0% |
| SSRM SSR Mining Inc. | 0.30% | 110,000 | $3.1M | No change |
| AGI Alamos Gold Inc. Class A | 0.29% | 100,000 | $3.0M | Reduce -50.3% |
| RACE Ferrari NV | 0.28% | 7,925 | $3.0M | No change |
| TSLA Tesla Inc. | 0.26% | 6,450 | $2.7M | Reduce -9.2% |
| RCL Royal Caribbean Cruises Ltd. | 0.26% | 8,530 | $2.7M | No change |
| SVM Silvercorp Metals Inc. | 0.24% | 250,000 | $2.5M | Reduce -59.5% |
| WDS Woodside Energy Group-ADR | 0.23% | 125,000 | $2.4M | Add +66.7% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 0.22% | 275,000 | $2.3M | No change |
| SCZM Santacruz Silver Mining Ltd. | 0.22% | 350,000 | $2.3M | Reduce -55.2% |
| VMET Versamet Royalties Corp. | 0.21% | 250,000 | $2.1M | No change |
| VIK Viking Holdings Ltd. | 0.19% | 18,935 | $2.0M | Add +53.5% |
| MUX McEwen Inc. | 0.17% | 100,000 | $1.8M | No change |
| AMZN Amazon.com Inc. | 0.17% | 7,500 | $1.8M | Reduce -21.1% |
| TTE Totalenergies SE | 0.16% | 22,000 | $1.7M | No change |
| NTR Nutrien Ltd. | 0.15% | 25,000 | $1.6M | Reduce -16.7% |
| HSLV Highlander Silver Corp. | 0.15% | 325,000 | $1.5M | Add +16.1% |
| CCL Carnival Corp. Ltd. | 0.14% | 52,500 | $1.5M | No change |
| LNG Cheniere Energy Inc. | 0.14% | 6,200 | $1.5M | No change |
| SHEL Shell PLC-ADR | 0.13% | 18,000 | $1.4M | No change |
| AXP American Express Co. | 0.13% | 3,930 | $1.3M | New |
| HLT Hilton Worldwide Holdings Inc. | 0.13% | 3,950 | $1.3M | Reduce -7.1% |
| LTH Life Time Group Holdings Inc. | 0.12% | 31,600 | $1.3M | Reduce -23.1% |
| BMM Blue Moon Metals Inc. | 0.12% | 200,000 | $1.3M | Add +100.0% |
| OGC Oceanagold Corp. | 0.12% | 50,000 | $1.3M | New |
| EL Estee Lauder Companies Class A filed as LAUDER ESTEE COS INC | 0.12% | 15,800 | $1.2M | Add +21.5% |
| XOM Exxon Mobil Corp. | 0.11% | 8,500 | $1.2M | Reduce -51.4% |
| HL Hecla Mining Co. | 0.11% | 75,000 | $1.2M | No change |
| UBS UBS Group AG-Reg | 0.11% | 22,300 | $1.1M | Reduce -19.8% |
| CAT Caterpillar Inc. | 0.10% | 1,000 | $1.1M | No change |
| TOL Toll Brothers Inc. | 0.10% | 6,300 | $1.0M | Add +16.7% |
| MAR Marriott International Class A | 0.09% | 2,550 | $945K | Reduce -12.1% |
| DHT DHT Holdings Inc. | 0.09% | 54,236 | $897K | Add +161.2% |
| INSW International Seaways Inc. | 0.08% | 11,130 | $852K | New |
| GFI Gold Fields Ltd.-Spons ADR | 0.08% | 25,000 | $840K | Reduce -92.1% |
| LVS Las Vegas Sands Corp. | 0.08% | 17,700 | $818K | Add +45.1% |
| AU Anglogold Ashanti PLC | 0.08% | 10,000 | $809K | Reduce -92.3% |
| ITRG Integra Resources Corp. | 0.08% | 350,000 | $795K | Reduce -10.9% |
| BX Blackstone Inc. | 0.07% | 6,300 | $741K | New |
| MAKO Mako Mining Corp. filed as MAKO MNG CORP | 0.07% | 100,000 | $734K | No change |
| SSMR Sunshine Silver Mining & Ref | 0.07% | 55,000 | $727K | New |
| GSL Global Ship Lease Inc. Class A | 0.07% | 18,766 | $706K | Add +0.4% |
| STNG Scorpio Tankers Inc. | 0.06% | 9,480 | $657K | New |
| PPTA Perpetua Resources Corp. | 0.06% | 30,000 | $623K | No change |
| TK Teekay Corp. Ltd. | 0.06% | 61,009 | $610K | Reduce -2.9% |
| OSISKO DEVELOPMENT CORP | 0.06% | 250,000 | $607K | No change |
| TPR Tapestry Inc. | 0.06% | 4,045 | $592K | No change |
| BWLP BW LPG Ltd. | 0.06% | 33,953 | $591K | Reduce -31.7% |
| AAPL Apple Inc. | 0.06% | 2,000 | $579K | New |
| ZTO Zto Express Cayman Inc.-ADR | 0.05% | 24,296 | $544K | Add +8.8% |
| UPS United Parcel Service Class B | 0.05% | 5,034 | $541K | Reduce -6.0% |
| EXPD Expeditors Intl Wash Inc. | 0.05% | 3,286 | $536K | Reduce -10.8% |
| FDX FedEx Corp. | 0.05% | 1,618 | $507K | Add +9.0% |
| IE Ivanhoe Electric Inc. / US | 0.05% | 51,499 | $495K | Add +94.3% |
| CNL Collective Mining Ltd. | 0.04% | 35,000 | $430K | No change |
Portfolio Sells Q1 2026 → Q2 2026
| RGLD Royal Gold Inc. | Reduce -98.5% | 0.02% | −2.39 |
| GFI Gold Fields Ltd.-Spons ADR | Reduce -92.1% | 0.08% | −1.59 |
| AU Anglogold Ashanti PLC | Reduce -92.3% | 0.08% | −1.40 |
| CDE Coeur Mining Inc. | Reduce -47.1% | 0.69% | −1.13 |
| AEM Agnico Eagle Mines Ltd. | Reduce -49.3% | 0.45% | −0.95 |
| DRD Drdgold Ltd.-Sponsored ADR | Sold out | 0.00% | −0.84 |
| FNV Franco-Nevada Corp. | Reduce -4.5% | 1.62% | −0.82 |
| IAG Iamgold Corp. | Reduce -9.6% | 1.34% | −0.79 |
| AGI Alamos Gold Inc. Class A | Reduce -50.3% | 0.29% | −0.75 |
| KGC Kinross Gold Corp. | Sold out | 0.00% | −0.70 |
| AUGO Aura Minerals Inc. | Reduce -50.0% | 0.30% | −0.65 |
| SCZM Santacruz Silver Mining Ltd. | Reduce -55.2% | 0.22% | −0.58 |
| SVM Silvercorp Metals Inc. | Reduce -59.5% | 0.24% | −0.53 |
| ORLA Orla Mining Ltd. | Sold out | 0.00% | −0.46 |
| CGAU Centerra Gold Inc. | Reduce -31.6% | 0.46% | −0.45 |
| ELE Elemental Royalty Corp. | Sold out | 0.00% | −0.33 |
| EMBJ Embraer SA-Spon ADR | Reduce -34.5% | 0.45% | −0.33 |
| XOM Exxon Mobil Corp. | Reduce -51.4% | 0.11% | −0.23 |
| SA Seabridge Gold Inc. | Sold out | 0.00% | −0.13 |
| AG First Majestic Silver Corp. | Sold out | 0.00% | −0.13 |
| NTR Nutrien Ltd. | Reduce -16.7% | 0.15% | −0.11 |
| MMYT Makemytrip Ltd. | Reduce -29.4% | 0.51% | −0.10 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −0.10 |
| EQT Eqt Corp. | Sold out | 0.00% | −0.09 |
| CTRA Coterra Energy Inc. | Sold out | 0.00% | −0.08 |
| HAFN Hafnia Ltd. | Reduce -52.4% | 0.03% | −0.06 |
| BG Bunge Global SA | Sold out | 0.00% | −0.06 |
| AMZN Amazon.com Inc. | Reduce -21.1% | 0.17% | −0.06 |
| DAC Danaos Corp. | Reduce -56.3% | 0.03% | −0.05 |
| VLO Valero Energy Corp. | Reduce -50.0% | 0.04% | −0.05 |
| ITRG Integra Resources Corp. | Reduce -10.9% | 0.08% | −0.05 |
| TSLA Tesla Inc. | Reduce -9.2% | 0.26% | −0.05 |
| TRMD Torm PLC-A | Sold out | 0.00% | −0.05 |
| BWLP BW LPG Ltd. | Reduce -31.7% | 0.06% | −0.05 |
| MATX Matson Inc. | Sold out | 0.00% | −0.04 |
| CCJ Cameco Corp. | Reduce -50.0% | 0.02% | −0.04 |
| MTA Metalla Royalty & Streaming | Reduce -3.5% | 0.41% | −0.04 |
| CNR Core Natural Resources Inc. | Sold out | 0.00% | −0.04 |
| HYMC Hycroft Mining Holding Co. Class A | Sold out | 0.00% | −0.04 |
| BKR Baker Hughes Co. | Reduce -41.2% | 0.03% | −0.03 |
| BTU Peabody Energy Corp. | Sold out | 0.00% | −0.03 |
| TK Teekay Corp. Ltd. | Reduce -2.9% | 0.06% | −0.03 |
| SLI Standard Lithium Ltd. | Sold out | 0.00% | −0.03 |
| HLT Hilton Worldwide Holdings Inc. | Reduce -7.1% | 0.13% | −0.03 |
| FURY Fury Gold Mines Ltd. | Sold out | 0.00% | −0.03 |
| UBS UBS Group AG-Reg | Reduce -19.8% | 0.11% | −0.02 |
| MAR Marriott International Class A | Reduce -12.1% | 0.09% | −0.02 |
| TNK Teekay Tankers Ltd. Class A | Reduce -6.6% | 0.03% | −0.01 |
| EU Encore Energy Corp. | Sold out | 0.00% | −0.01 |
| EXPD Expeditors Intl Wash Inc. | Reduce -10.8% | 0.05% | −0.01 |
Portfolio Buys Q1 2026 → Q2 2026
| LUV Southwest Airlines Co. | Add +19.0% | 9.82% | +2.51 |
| AYA Aya Gold & Silver Inc. | New | 2.04% | +2.04 |
| ALGT Allegiant Travel Co. | Add +16.1% | 3.93% | +1.10 |
| WPM Wheaton Precious Metals Corp. | Add +379.7% | 1.51% | +1.06 |
| SABR Sabre Corp. | Add +31.2% | 1.99% | +0.71 |
| ALK Alaska Air Group Inc. | Add +7.2% | 3.21% | +0.65 |
| EXK Endeavour Silver Corp. | Add +253.4% | 0.83% | +0.51 |
| JBLU Jetblue Airways Corp. | Add +8.2% | 3.30% | +0.45 |
| SKYW Skywest Inc. | Add +29.3% | 3.18% | +0.42 |
| EXPE Expedia Group Inc. | Add +32.0% | 1.82% | +0.31 |
| ASM Avino Silver & Gold Mines | Add +510.0% | 0.37% | +0.30 |
| PAAS Pan American Silver Corp. | Add +140.0% | 0.76% | +0.29 |
| BKNG Booking Holdings Inc. | Add +35.0% | 1.74% | +0.26 |
| TFPM Triple Flag Precious Met | Add +186.7% | 0.50% | +0.25 |
| RYAAY Ryanair Holdings PLC-SP ADR | Add +34.1% | 0.87% | +0.17 |
| FSM Fortuna Mining Corp. | Add +93.8% | 0.60% | +0.16 |
| TXT Textron Inc. | Add +26.6% | 1.56% | +0.13 |
| GD General Dynamics Corp. | Add +28.3% | 1.58% | +0.13 |
| TRIP Tripadvisor Inc. | Add +1.5% | 1.84% | +0.13 |
| AXP American Express Co. | New | 0.13% | +0.13 |
| OGC Oceanagold Corp. | New | 0.12% | +0.12 |
| LTM Latam Airlines Group SA-ADR | Add +18.4% | 0.90% | +0.12 |
| BA The Boeing Co. | Add +19.7% | 1.56% | +0.11 |
| USAS Americas Gold and Silver Cor | Add +45.8% | 1.19% | +0.10 |
| HSLV Highlander Silver Corp. | Add +16.1% | 0.15% | +0.09 |
| VIK Viking Holdings Ltd. | Add +53.5% | 0.19% | +0.08 |
| INSW International Seaways Inc. | New | 0.08% | +0.08 |
| BX Blackstone Inc. | New | 0.07% | +0.07 |
| SSMR Sunshine Silver Mining & Ref | New | 0.07% | +0.07 |
| CPA Copa Holdings SA Class A | Add +4.7% | 0.45% | +0.07 |
| STNG Scorpio Tankers Inc. | New | 0.06% | +0.06 |
| AAPL Apple Inc. | New | 0.06% | +0.06 |
| OMAB Grupo Aeroportuario Cen-ADR | Add +38.8% | 0.46% | +0.05 |
| BMM Blue Moon Metals Inc. | Add +100.0% | 0.12% | +0.05 |
| DHT DHT Holdings Inc. | Add +161.2% | 0.09% | +0.04 |
| SIND Sinda Ltd. | New | 0.04% | +0.04 |
| ASR Grupo Aeroportuario Sur-ADR | Add +46.4% | 0.43% | +0.04 |
| ESEA Euroseas Ltd. | New | 0.03% | +0.03 |
| FRVO Fervo Energy Co. Class A | New | 0.03% | +0.03 |
| WDS Woodside Energy Group-ADR | Add +66.7% | 0.23% | +0.02 |
| TOL Toll Brothers Inc. | Add +16.7% | 0.10% | +0.01 |
| MGM MGM Resorts International | Add +104.0% | 0.02% | +0.01 |
| EL Estee Lauder Companies Class A | Add +21.5% | 0.12% | +0.01 |
| IE Ivanhoe Electric Inc. / US | Add +94.3% | 0.05% | +0.01 |
| LVS Las Vegas Sands Corp. | Add +45.1% | 0.08% | +0.00 |
| PZG Paramount Gold Nevada Corp. | Add +17.6% | 0.02% | −0.01 |
| FDX FedEx Corp. | Add +9.0% | 0.05% | −0.01 |
| ZTO Zto Express Cayman Inc.-ADR | Add +8.8% | 0.05% | −0.01 |
| GSL Global Ship Lease Inc. Class A | Add +0.4% | 0.07% | −0.01 |
| NEM Newmont Corp. | Add +35.0% | 0.45% | −0.02 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 127 | $1.0B | AAL, UAL, LUV, DAL, ALGT |
| Q1 2026 | 135 | $857.6M | DAL, UAL, AAL, LUV, JBLU |
| Q4 2025 | 129 | $934.0M | UAL, LUV, AAL, DAL, ALGT |
| Q3 2025 | 133 | $882.3M | LUV, DAL, UAL, AAL, OR |
| Q2 2025 | 135 | $849.1M | UAL, DAL, AAL, LUV, SKYW |
| Q1 2025 | 136 | $756.6M | LUV, DAL, AAL, UAL, SKYW |
| Q4 2024 | 125 | $1.0B | UAL, LUV, AAL, DAL, ULCC |
| Q3 2024 | 130 | $1.0B | UAL, DAL, AAL, LUV, ALGT |
| Q2 2024 | 127 | $1.1B | DAL, UAL, AAL, LUV, ALK |
| Q1 2024 | 143 | $1.2B | DAL, UAL, AAL, LUV, ALK |