Latest U S GLOBAL INVESTORS INC Stock Portfolio

U S GLOBAL INVESTORS INC Performance:

2025 Q4: 11.45%YTD: 13.75%2024: 29.22%

Performance for 2025 Q4 is 11.45%, and YTD is 13.75%, and 2024 is 29.22%.

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 2026-01-28, the fund reported it's updated stock portfolio. In the 13F Holdings report, U S GLOBAL INVESTORS INC reported an equity portfolio of $934 Millions as of 31 Dec, 2025.

The top stock holdings of U S GLOBAL INVESTORS INC are UAL, LUV, AAL. The fund has invested 9.5% of it's portfolio in UNITED AIRLINES and 9.3% of portfolio in SOUTHWEST AIR.

The fund managers got completely rid off B2GOLD CORP, SSR MINING IN (SSRM) and HECLA MNG CO (HL) stocks. They significantly reduced their stock positions in ALAMOS GOLD INC NEW, SILVERCORP METALS INC (SVM) and CHENIERE ENERGY INC (LNG). U S GLOBAL INVESTORS INC opened new stock positions in CENTERRA GOLD IN, MCEWEN INC (MUX) and MARRIOTT INTL INC NEW (MAR). The fund showed a lot of confidence in some stocks as they added substantially to ROYAL GOLD INC (RGLD), BLACKROCK ETF TRUST II (HYMU) and INTEGRA RES CORP.

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 11.45% in the last quarter. In trailing 12 months, it's portfolio return was 13.75%.

Performance
S&P 500

New Buys

Ticker	$ Bought
centerra gold in	10,381,000
allied gold corp	5,564,970
galiano gold inc	5,548,470
fortuna mining c	5,499,500
equinox gold corp	2,808,000
elemental royalt	2,539,910
mcewen inc	1,857,280
marriott intl inc new	1,799,390

New stocks bought by U S GLOBAL INVESTORS INC

Additions

Ticker	% Inc.
royal gold inc	3,713
blackrock etf trust ii	1,853
integra res corp	824
halliburton co	233
barrick mng corp	215
americas gold an	210
baker hughes company	142
caledonia mining	115

Additions to existing portfolio by U S GLOBAL INVESTORS INC

Reductions

Ticker	% Reduced
alamos gold inc new	-86.00
silvercorp metals inc	-84.00
new gold inc cda	-82.97
birkenstock holding plc	-80.00
kinross gold corp	-76.04
or royalties inc.	-63.13
antero resources corp	-50.00
cheniere energy inc	-50.00

U S GLOBAL INVESTORS INC reduced stake in above stock

Sold off

Ticker	$ Sold
b2gold corp	-10,288,700
hecla mng co	-7,260,000
orla mining ltd	-5,964,850
emx royalty corp	-2,556,190
ssr mining in	-10,150,000
cango inc	-212,000
icl group ltd	-306,646
teekay corp ltd	-361,687

U S GLOBAL INVESTORS INC got rid off the above stocks

Sector Distribution

U S GLOBAL INVESTORS INC has about 56.8% of it's holdings in Industrials sector.

Sector	%
Industrials	56.8
Others	31.1
Consumer Cyclical	8.1
Basic Materials	3.2

Market Cap. Distribution

U S GLOBAL INVESTORS INC has about 38.3% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	38.3
UNALLOCATED	31
MID-CAP	18.7
SMALL-CAP	11.3

Stocks belong to which Index?

About 65.5% of the stocks held by U S GLOBAL INVESTORS INC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	50.4
Others	34.5
RUSSELL 2000	15.1

Top 5 Winners (%)		%
	aris mining corp	59.5 %
	aura minerals inc	35.5 %
ALGT	allegiant travel	35.2 %
AAL	american airline	33.8 %
	pan amern silver corp	33.8 %

Top 5 Winners ($)		$
AAL	american airline	24.7 M
LUV	southwest air	22.5 M
DAL	delta air li	16.3 M
UAL	united airlines	12.0 M
ALGT	allegiant travel	8.2 M

Top 5 Losers (%)		%
EU	encore energy co	-26.1 %
SABR	sabre corp	-24.3 %
CMCL	caledonia mining	-21.9 %
	ferrari n v	-20.4 %
LNG	cheniere energy inc	-13.0 %

Top 5 Losers ($)		$
SABR	sabre corp	-4.4 M
	or royalties inc.	-3.0 M
JBLU	jetblue airways	-1.7 M
TRIP	tripadvisor inc	-1.6 M
CMCL	caledonia mining	-1.6 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 129 stocks in it's portfolio. About 51.3% of the portfolio is in top 10 stocks. SABR proved to be the most loss making stock for the portfolio. AAL was the most profitable stock for U S GLOBAL INVESTORS INC last quarter.

Last Reported on: 28 Jan, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAL	american airline	9.14	5,569,840	85,385,700	reduced	-14.12

AEP	american elec pwr co inc	0.03	2,000	230,620	new

ALB	albemarle corp	0.00	0.00	0.00	sold off	-100

ALGT	allegiant travel	2.60	284,685	24,275,100	reduced	-25.22

ALK	alaska air group	2.46	455,934	22,933,500	added	22.77

AR	antero resources corp	0.02	5,000	172,300	reduced	-50.00

ARGT	global x fds	0.01	4,500	95,693	new

ARLP	alliance resource partners l	0.00	0.00	0.00	sold off	-100

ASR	grupo aeropo-adr	0.43	12,434	4,021,160	added	9.89

BA	boeing co/the	1.80	77,292	16,781,600	added	16.62

BCC	boise cascade co del	0.00	0.00	0.00	sold off	-100

BKNG	booking holdings	1.74	3,030	16,226,600	added	8.88

BKR	baker hughes company	0.04	8,500	387,090	added	142

CANG	cango inc	0.00	0.00	0.00	sold off	-100

CAT	caterpillar inc	0.06	1,000	572,870	new

CCL	carnival corp	0.23	70,500	2,153,070	added	18.49

CDE	coeur mng inc	0.68	355,000	6,329,650	reduced	-25.89

CMCL	caledonia mining	0.61	217,334	5,687,630	added	115

CME	cme group inc	0.01	461	125,890	unchanged	0.00

CPA	copa holdin-cl a	0.44	33,720	4,066,970	added	1.07