U S GLOBAL INVESTORS INC

investment adviserUpdated 45 days ago

Managed by U S Global Investors Inc • Latest filing Q2 2026

Portfolio value

$1B

Q2 2026

Filings

14

Quarterly 13F history

Top-10 concentration

100.0%

Weight of largest holdings

Annualized return

-11.4%

Implied from 13F holdings

Portfolio value history

13F-disclosed portfolio value over 14 quarters

Show data table

Period	Portfolio value
Q1 2023	$1.5B
Q2 2023	$1.7B
Q3 2023	$1.2B
Q4 2023	$1.5B
Q1 2024	$1.2B
Q2 2024	$1.1B
Q3 2024	$1B
Q4 2024	$1B
Q1 2025	$757.4M
Q2 2025	$850.3M
Q3 2025	$885.8M
Q4 2025	$934M
Q1 2026	$857.6M
Q2 2026	$1B

Top holdings

146 positions as of Q2 2026

#	Stock	Value	Shares	% Portfolio	Change
1	A AAL AMERICAN AIRLINE	$108.4M	6.00M	10.43%	Trimmed(-6.7%)
2	U UAL UNITED AIRLINES	$106.2M	780.7K	10.21%	Trimmed(-0.5%)
3	L LUV SOUTHWEST AIR	$102.1M	1.99M	9.82%	Added(+19.0%)
4	D DAL DELTA AIR LI	$100.7M	1.08M	9.68%	Trimmed(-8.3%)
5	A ALGT ALLEGIANT TRAVEL	$40.8M	347.2K	3.93%	Added(+16.1%)
6	? N/A FRONTIER GROUP H	$38.9M	4.91M	3.74%	Trimmed(-27.5%)
7	J JBLU JETBLUE AIRWAYS	$34.4M	6.00M	3.30%	Added(+8.2%)
8	A ALK ALASKA AIR GROUP	$33.4M	639.7K	3.21%	Added(+7.2%)
9	S SKYW SKYWEST INC	$33.1M	333.1K	3.18%	Added(+29.3%)
10	S SABR SABRE CORP	$20.7M	9.89M	1.99%	Added(+31.2%)
11	T TRIP TRIPADVISOR INC	$19.1M	1.39M	1.84%	Added(+1.5%)
12	E EXPE EXPEDIA GROUP IN	$18.9M	73.9K	1.82%	Added(+32.0%)
13	B BKNG BOOKING HOLDINGS	$18.1M	101.5K	1.74%	Added(+3275.9%)
14	G GD GENERAL DYNAMICS	$16.4M	46.3K	1.58%	Added(+28.3%)
15	F FNV FRANCO-NEVADA CO	$16.4M	78.5K	1.57%	Trimmed(-2.3%)
16	T TXT TEXTRON INC	$16.3M	177.2K	1.56%	Added(+26.6%)
17	B BA-PA BOEING CO/THE	$16.2M	74.9K	1.56%	Added(+19.7%)
18	O OR OR ROYALTIES INC	$15.8M	498.2K	1.52%	Added(+4429.3%)
19	W WPM WHEATON PRECIOUS	$15.7M	139.4K	1.51%	Added(+379.7%)
20	A AYA AYA GOLD & SILVE	$14.6M	775.0K	1.41%	—

A

AMERICAN AIRLINE

-6.7%

Value

$108.4M

Shares

6.00M

% Port

10.43%

U

UNITED AIRLINES

-0.5%

Value

$106.2M

Shares

780.7K

% Port

10.21%

L

SOUTHWEST AIR

+19.0%

Value

$102.1M

Shares

1.99M

% Port

9.82%

D

DELTA AIR LI

-8.3%

Value

$100.7M

Shares

1.08M

% Port

9.68%

A

ALLEGIANT TRAVEL

+16.1%

Value

$40.8M

Shares

347.2K

% Port

3.93%

?

6.N/A

FRONTIER GROUP H

-27.5%

Value

$38.9M

Shares

4.91M

% Port

3.74%

J

JETBLUE AIRWAYS

+8.2%

Value

$34.4M

Shares

6.00M

% Port

3.30%

A

ALASKA AIR GROUP

+7.2%

Value

$33.4M

Shares

639.7K

% Port

3.21%

S

SKYWEST INC

+29.3%

Value

$33.1M

Shares

333.1K

% Port

3.18%

S

SABRE CORP

+31.2%

Value

$20.7M

Shares

9.89M

% Port

1.99%

T

TRIPADVISOR INC

+1.5%

Value

$19.1M

Shares

1.39M

% Port

1.84%

E

EXPEDIA GROUP IN

+32.0%

Value

$18.9M

Shares

73.9K

% Port

1.82%

B

BOOKING HOLDINGS

+3275.9%

Value

$18.1M

Shares

101.5K

% Port

1.74%

G

14.GD

GENERAL DYNAMICS

+28.3%

Value

$16.4M

Shares

46.3K

% Port

1.58%

F

15.FNV

FRANCO-NEVADA CO

-2.3%

Value

$16.4M

Shares

78.5K

% Port

1.57%

T

16.TXT

TEXTRON INC

+26.6%

Value

$16.3M

Shares

177.2K

% Port

1.56%

B

BOEING CO/THE

+19.7%

Value

$16.2M

Shares

74.9K

% Port

1.56%

O

18.OR

OR ROYALTIES INC

+4429.3%

Value

$15.8M

Shares

498.2K

% Port

1.52%

W

19.WPM

WHEATON PRECIOUS

+379.7%

Value

$15.7M

Shares

139.4K

% Port

1.51%

A

20.AYA

AYA GOLD & SILVE

Value

$14.6M

Shares

775.0K

% Port

1.41%

View full portfolio (146 holdings) →

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