Latest U S GLOBAL INVESTORS INC Stock Portfolio

U S GLOBAL INVESTORS INC Performance:

2025 Q3: 6.86%YTD: -7.82%2024: 35.12%

Performance for 2025 Q3 is 6.86%, and YTD is -7.82%, and 2024 is 35.12%.

About U S GLOBAL INVESTORS INC and 13F Hedge Fund Stock Holdings

U S GLOBAL INVESTORS INC is a hedge fund based in SAN ANTONIO, TX. On 30-Sep-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $2.4 Billions. In it's latest 13F Holdings report, U S GLOBAL INVESTORS INC reported an equity portfolio of $885.8 Millions as of 30 Sep, 2025.

The top stock holdings of U S GLOBAL INVESTORS INC are LUV, DAL, UAL. The fund has invested 9.6% of it's portfolio in SOUTHWEST AIR and 8.7% of portfolio in DELTA AIR LI.

The fund managers got completely rid off SANDSTORM GOLD, AMERICAS GOLD AN (USAS) and J P MORGAN EXCHANGE TRADED F (BBAX) stocks. They significantly reduced their stock positions in ROYAL GOLD INC (RGLD), TESLA INC (TSLA) and GE VERNOVA INC. U S GLOBAL INVESTORS INC opened new stock positions in SSR MINING IN (SSRM), METALLA ROYALTY and CALEDONIA MINING (CMCL). The fund showed a lot of confidence in some stocks as they added substantially to ORLA MINING LTD, PERMA-PIPE INTL HLDGS INC (PPIH) and NORWEGIAN CRUISE LINE HLDG L (NCLH).

U S GLOBAL INVESTORS INC Annual Return Estimates Vs S&P 500

Our best estimate is that U S GLOBAL INVESTORS INC made a return of 6.86% in the last quarter. In trailing 12 months, it's portfolio return was 16.18%.

Performance
S&P 500

New Buys

Ticker	$ Bought
ssr mining in	10,150,000
metalla royalty	5,172,630
aura minerals inc	3,721,000
caledonia mining	3,648,300
grupo aeropo-adr	3,348,150
barrick mng corp	3,277,000
pan amern silver corp	2,848,780
americas gold an	2,161,410

New stocks bought by U S GLOBAL INVESTORS INC

Additions

Ticker	% Inc.
orla mining ltd	2,301
perma-pipe intl hldgs inc	400
b2gold corp	389
new gold inc cda	262
gold fields ltd	176
anglogold ashant	152
norwegian cruise line hldg l	62.5
or royalties inc.	61.97

Additions to existing portfolio by U S GLOBAL INVESTORS INC

Reductions

Ticker	% Reduced
royal gold inc	-97.18
tesla inc	-63.78
ge vernova inc	-62.5
birkenstock holding plc	-57.14
collective minin	-41.67
teck resources ltd	-41.18
carnival corp	-30.81
united airlines	-29.26

U S GLOBAL INVESTORS INC reduced stake in above stock

Sold off

Ticker	$ Sold
americas gold an	-1,212,700
avino silver	-3,835,560
sandstorm gold	-6,577,620
fortuna mining c	-3,617,560
centerra gold in	-3,801,750
allied gold corp	-6,070,690
mag silver corp	-2,641,250
j p morgan exchange traded f	-763,800

U S GLOBAL INVESTORS INC got rid off the above stocks

Sector Distribution

U S GLOBAL INVESTORS INC has about 55% of it's holdings in Industrials sector.

Sector	%
Industrials	55
Others	32.2
Consumer Cyclical	8.1
Basic Materials	3.7

Market Cap. Distribution

U S GLOBAL INVESTORS INC has about 38.7% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	37.6
UNALLOCATED	33.3
MID-CAP	15.9
SMALL-CAP	11.8
MEGA-CAP	1.1

Stocks belong to which Index?

About 65% of the stocks held by U S GLOBAL INVESTORS INC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	48.3
Others	35
RUSSELL 2000	16.7

Top 5 Winners (%)		%
CDE	coeur mng inc	104.6 %
PZG	paramount gold nev corp	100.7 %
HL	hecla mng co	86.2 %
PPTA	perpetua resources corp	66.6 %
NEM	newmont corp	44.7 %

Top 5 Winners ($)		$
UAL	united airlines	18.6 M
DAL	delta air li	13.4 M
ULCC	frontier group h	4.9 M
CDE	coeur mng inc	4.6 M
EXPE	expedia group in	4.3 M

Top 5 Losers (%)		%
SABR	sabre corp	-32.1 %
LULU	lululemon athletica inc	-25.1 %
STZ	constellation brands inc	-17.2 %
AR	antero resources corp	-16.7 %
UPS	united parcel-b	-13.3 %

Top 5 Losers ($)		$
SABR	sabre corp	-7.5 M
LUV	southwest air	-1.4 M
BKNG	booking holdings	-1.2 M
SKYW	skywest inc	-0.6 M
LULU	lululemon athletica inc	-0.2 M

U S GLOBAL INVESTORS INC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of U S GLOBAL INVESTORS INC

U S GLOBAL INVESTORS INC has 133 stocks in it's portfolio. About 51.5% of the portfolio is in top 10 stocks. SABR proved to be the most loss making stock for the portfolio. UAL was the most profitable stock for U S GLOBAL INVESTORS INC last quarter.

Last Reported on: 21 Oct, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAL	american airline	8.23	6,485,320	72,895,000	reduced	-15.97

ACVF	etf opportunities trust	0.00	0.00	0.00	sold off	-100

ALB	albemarle corp	0.01	1,000	81,080	unchanged	0.00

ALGT	allegiant travel	2.61	380,678	23,133,800	reduced	-11.5

ALK	alaska air group	2.09	371,365	18,486,600	reduced	-22.48

AMZN	amazon com inc	0.00	0.00	0.00	sold off	-100

AR	antero resources corp	0.04	10,000	335,600	unchanged	0.00

ARLP	alliance resource partners l	0.04	14,000	353,990	unchanged	0.00

ASR	grupo aeropo-adr	0.41	11,315	3,658,480	reduced	-14.79

BA	boeing co/the	1.61	66,274	14,303,900	reduced	-14.89

BBAX	j p morgan exchange traded f	0.00	0.00	0.00	sold off	-100

BCC	boise cascade co del	0.01	1,500	115,980	unchanged	0.00

BKNG	booking holdings	1.70	2,783	15,026,200	reduced	-7.79

BKR	baker hughes company	0.02	3,500	170,520	unchanged	0.00

CANG	cango inc	0.02	50,000	212,000	new

CCL	carnival corp	0.19	59,500	1,720,140	reduced	-30.81

CDE	coeur mng inc	1.01	479,000	8,986,040	added	3.23

CMCL	caledonia mining	0.41	100,754	3,648,300	new

CME	cme group inc	0.01	461	124,558	unchanged	0.00

CPA	copa holdin-cl a	0.45	33,364	3,964,310	reduced	-17.15