# U S GLOBAL INVESTORS INC: Form 13F holdings

An institutional investment manager in SAN ANTONIO, TX. SEC CIK 754811.

- Quarter ended: 2026-06-30
- Filed: 2026-07-27
- Reported value: $1.04bn
- Positions: 127 (146 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/754811/000143774926024513/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [AMERICAN AIRLINE (AAL)](/companies/aal.md) | COM | $108.4m | 10.4% | 6,001,172 |  | Reduced −433,877 |
| [UNITED AIRLINES (UAL)](/companies/ual.md) | COM | $106.2m | 10.2% | 780,724 |  | Reduced −3,875 |
| [SOUTHWEST AIR (LUV)](/companies/luv.md) | COM | $102.1m | 9.8% | 1,985,637 |  | Added +317,282 |
| [DELTA AIR LI (DAL)](/companies/dal.md) | COM NEW | $100.7m | 9.7% | 1,075,013 |  | Reduced −96,733 |
| [ALLEGIANT TRAVEL (ALGT)](/companies/algt.md) | COM | $40.8m | 3.9% | 347,245 |  | Added +48,020 |
| [FRONTIER GROUP H (ULCC)](/companies/ulcc.md) | COM | $38.9m | 3.7% | 4,914,655 |  | Reduced −1,866,757 |
| [JETBLUE AIRWAYS (JBLU)](/companies/jblu.md) | COM | $34.4m | 3.3% | 5,996,231 |  | Added +453,695 |
| [ALASKA AIR GROUP (ALK)](/companies/alk.md) | COM | $33.4m | 3.2% | 639,713 |  | Added +43,141 |
| [SKYWEST INC (SKYW)](/companies/skyw.md) | COM | $33.1m | 3.2% | 333,087 |  | Added +75,494 |
| [AYA GOLD & SILVE (AYA)](/companies/aya.md) | COM | $21.3m | 2.0% | 1,125,000 |  | New +1,125,000 |
| [SABRE CORP (SABR)](/companies/sabr.md) | COM | $20.7m | 2.0% | 9,885,943 |  | Added +2,351,037 |
| [TRIPADVISOR INC (TRIP)](/companies/trip.md) | COM | $19.1m | 1.8% | 1,393,974 |  | Added +21,033 |
| [EXPEDIA GROUP IN (EXPE)](/companies/expe.md) | COM NEW | $18.9m | 1.8% | 73,940 |  | Added +17,911 |
| [OR ROYALTIES INC (OR)](/companies/or.md) | COM SHS | $18.4m | 1.8% | 580,723 |  | Added +46,098 |
| [BOOKING HOLDINGS (BKNG)](/companies/bkng.md) | COM | $18.1m | 1.7% | 101,546 |  | Added +98,538 |
| [FRANCO NEV CORP (FNV)](/companies/fnv.md) | COM | $16.8m | 1.6% | 80,622 |  | Reduced −3,788 |
| [GENERAL DYNAMICS (GD)](/companies/gd.md) | COM | $16.4m | 1.6% | 46,295 |  | Added +10,198 |
| [TEXTRON INC (TXT)](/companies/txt.md) | COM | $16.3m | 1.6% | 177,167 |  | Added +37,213 |
| [BOEING CO/THE (BA)](/companies/ba.md) | COM | $16.2m | 1.6% | 74,907 |  | Added +12,315 |
| [WHEATON PRECIOUS (WPM)](/companies/wpm.md) | COM | $15.7m | 1.5% | 139,426 |  | Added +110,362 |
| [IAMGOLD CORP (IAG)](/companies/iag.md) | COM | $13.9m | 1.3% | 878,486 |  | Reduced −93,095 |
| [AMERICAS GOLD AN (USAS)](/companies/usas.md) | COM NEW | $12.4m | 1.2% | 2,625,000 |  | Added +825,000 |
| [LATAM AIRLINES G (LTM)](/companies/ltm.md) | SPONSORED ADR | $9.4m | 0.9% | 161,198 |  | Added +25,058 |
| [RYANAIR HLDG-ADR (RYAAY)](/companies/ryaay.md) | SPONSORED ADR | $9.0m | 0.9% | 139,753 |  | Added +35,552 |
| [ENDEAVOUR SILVER (EXK)](/companies/exk.md) | COM | $8.6m | 0.8% | 1,043,200 |  | Added +748,000 |
| [PAN AMER SILVER (PAAS)](/companies/paas.md) | COM | $7.9m | 0.8% | 176,555 |  | Added +103,000 |
| [VOX ROYALTY CORP (VOXR)](/companies/voxr.md) | COM | $7.9m | 0.8% | 1,662,000 |  | Unchanged |
| [COEUR MNG INC (CDE)](/companies/cde.md) | COM NEW | $7.2m | 0.7% | 439,303 |  | Reduced −390,547 |
| [TRIP.COM GRO-ADR (TCOM)](/companies/tcom.md) | ADS | $7.0m | 0.7% | 175,270 |  | Added +51,927 |
| [HARMONY GOLD-ADR (HMY)](/companies/hmy.md) | SPONSORED ADR | $6.5m | 0.6% | 428,647 |  | Added +30,700 |
| [FORTUNA MINING C (FSM)](/companies/fsm.md) | COM NEW | $6.3m | 0.6% | 743,591 |  | Added +359,941 |
| [BARRICK MNG CORP (B)](/companies/b.md) | COM SHS | $6.2m | 0.6% | 170,000 |  | Added +27,135 |
| [ARIS MINING CORP (ARIS)](/companies/aris.md) | COM | $6.0m | 0.6% | 400,000 |  | Added +60,000 |
| MAKEMYTRIP LTD | SHS | $5.3m | 0.5% | 99,379 |  | Reduced −41,327 |
| [TRIPLE FLAG (TFPM)](/companies/tfpm.md) | COM | $5.2m | 0.5% | 172,000 |  | Added +112,000 |
| [CENTERRA GOLD IN (CGAU)](/companies/cgau.md) | COM | $4.7m | 0.5% | 300,000 |  | Reduced −138,452 |
| [GRUPO AEROPO-ADR (OMAB)](/companies/omab.md) | SPON ADR | $4.7m | 0.5% | 41,857 |  | Added +11,707 |
| [EMBRAER SA-ADR (EMBJ)](/companies/embj.md) | SPONSORED ADS | $4.7m | 0.5% | 73,982 |  | Reduced −39,047 |
| [AGNICO EAGLE MINES LTD (AEM)](/companies/aem.md) | COM | $4.7m | 0.4% | 30,000 |  | Reduced −29,133 |
| [NEWMONT CORP (NEM)](/companies/nem.md) | COM | $4.6m | 0.4% | 49,739 |  | Added +12,909 |
| COPA HOLDIN-CL A | CL A | $4.6m | 0.4% | 29,833 |  | Added +1,326 |
| [GRUPO AEROPO-ADR (ASR)](/companies/asr.md) | SPON ADR SER B | $4.5m | 0.4% | 14,624 |  | Added +4,636 |
| [METALLA RTY & STREAMING LTD (MTA)](/companies/mta.md) | COM NEW | $4.3m | 0.4% | 558,500 |  | Reduced −20,000 |
| [AVINO SILVER (ASM)](/companies/asm.md) | COM | $3.9m | 0.4% | 610,000 |  | Added +510,000 |
| [VIZSLA SILVER CO (VZLA)](/companies/vzla.md) | COM NEW | $3.4m | 0.3% | 1,050,000 |  | Unchanged |
| AURA MINERALS INC | SHS NEW | $3.1m | 0.3% | 50,000 |  | Reduced −50,000 |
| [SSR MINING IN (SSRM)](/companies/ssrm.md) | COM | $3.1m | 0.3% | 110,000 |  | Unchanged |
| [ALAMOS GOLD INC NEW (AGI)](/companies/agi.md) | COM CL A | $3.0m | 0.3% | 100,000 |  | Reduced −101,021 |
| FERRARI N V | COM | $3.0m | 0.3% | 7,925 |  | Unchanged |
| [TESLA INC (TSLA)](/companies/tsla.md) | COM | $2.7m | 0.3% | 6,450 |  | Reduced −650 |
| ROYAL CARIBBEAN GROUP | COM | $2.7m | 0.3% | 8,530 |  | Unchanged |
| [SILVERCORP METALS INC (SVM)](/companies/svm.md) | COM | $2.5m | 0.2% | 250,000 |  | Reduced −367,663 |
| [WOODSIDE ENERGY GROUP LTD (WDS)](/companies/wds.md) | SPONSORED ADR | $2.4m | 0.2% | 125,000 |  | Added +50,000 |
| [SIBANYE STILLWATER LTD (SBSW)](/companies/sbsw.md) | SPONSORED ADR | $2.3m | 0.2% | 275,000 |  | Unchanged |
| [SANTACRUZ SILVER (SCZM)](/companies/sczm.md) | COM NEW SHS | $2.3m | 0.2% | 350,000 |  | Reduced −431,754 |
| [VERSAMET ROYALTI (VMET)](/companies/vmet.md) | COM NEW | $2.1m | 0.2% | 250,000 |  | Unchanged |
| VIKING HOLDINGS LTD | ORD SHS | $2.0m | 0.2% | 18,935 |  | Added +6,600 |
| [MCEWEN INC (MUX)](/companies/mux.md) | COM NEW | $1.8m | 0.2% | 100,000 |  | Unchanged |
| [AMAZON COM INC (AMZN)](/companies/amzn.md) | COM | $1.8m | 0.2% | 7,500 |  | Reduced −2,000 |
| TOTALENERGIES SE | ACT | $1.7m | 0.2% | 22,000 |  | Unchanged |
| [NUTRIEN LTD (NTR)](/companies/ntr.md) | COM | $1.6m | 0.2% | 25,000 |  | Reduced −5,000 |
| [HIGHLANDER SILVE (HSLV)](/companies/hslv.md) | COM | $1.5m | 0.1% | 325,000 |  | Added +45,000 |
| CARNIVAL CORP LTD | COMMON SHARES | $1.5m | 0.1% | 52,500 |  | New +52,500 |
| [CHENIERE ENERGY INC (LNG)](/companies/lng.md) | COM NEW | $1.5m | 0.1% | 6,200 |  | Unchanged |
| [SHELL PLC (SHEL)](/companies/shel.md) | SPON ADS | $1.4m | 0.1% | 18,000 |  | Unchanged |
| [AMERICAN EXPRESS CO (AXP)](/companies/axp.md) | COM | $1.3m | 0.1% | 3,930 |  | New +3,930 |
| [HILTON WORLDWIDE HLDGS INC (HLT)](/companies/hlt.md) | COM | $1.3m | 0.1% | 3,950 |  | Reduced −300 |
| [LIFE TIME GROUP HOLDINGS INC (LTH)](/companies/lth.md) | COMMON STOCK | $1.3m | 0.1% | 31,600 |  | Reduced −9,500 |
| [BLUE MOON METALS (BMM)](/companies/bmm.md) | COM | $1.3m | 0.1% | 200,000 |  | Added +100,000 |
| [OCEANAGOLD CORP (OGC)](/companies/ogc.md) | COM NEW | $1.3m | 0.1% | 50,000 |  | New +50,000 |
| [LAUDER ESTEE COS INC (EL)](/companies/el.md) | CL A | $1.2m | 0.1% | 15,800 |  | Added +2,800 |
| EXXON MOBIL CORP | COM | $1.2m | 0.1% | 8,500 |  | Reduced −9,000 |
| [HECLA MINING COMPANY (HL)](/companies/hl.md) | COM | $1.2m | 0.1% | 75,000 |  | Unchanged |
| UBS GROUP AG | SHS | $1.1m | 0.1% | 22,300 |  | Reduced −5,500 |
| [CATERPILLAR INC (CAT)](/companies/cat.md) | COM | $1.1m | 0.1% | 1,000 |  | Unchanged |
| [TOLL BROTHERS INC (TOL)](/companies/tol.md) | COM | $1.0m | <0.1% | 6,300 |  | Added +900 |
| [MARRIOTT INTL INC NEW (MAR)](/companies/mar.md) | CL A | $945.0k | <0.1% | 2,550 |  | Reduced −350 |
| DHT HOLDINGS INC | SHS NEW | $896.5k | <0.1% | 54,236 |  | Added +33,471 |
| INTERNATIONAL SE | COM | $852.4k | <0.1% | 11,130 |  | New +11,130 |
| [GOLD FIELDS LTD (GFI)](/companies/gfi.md) | SPONSORED ADR | $839.8k | <0.1% | 25,000 |  | Reduced −291,358 |
| [LAS VEGAS SANDS CORP (LVS)](/companies/lvs.md) | COM | $817.6k | <0.1% | 17,700 |  | Added +5,500 |
| ANGLOGOLD ASHANTI PLC | COM SHS | $808.9k | <0.1% | 10,000 |  | Reduced −120,445 |
| [INTEGRA RES CORP (ITRG)](/companies/itrg.md) | COM | $794.5k | <0.1% | 350,000 |  | Reduced −43,000 |
| [BLACKSTONE INC (BX)](/companies/bx.md) | COM | $741.3k | <0.1% | 6,300 |  | New +6,300 |
| [MAKO MINING CORP (MAKO)](/companies/mako.md) | COM NEW | $733.9k | <0.1% | 100,000 |  | Unchanged |
| [SUNSHINE SILVER MNG & REFNG (SSMR)](/companies/ssmr.md) | COMMON STOCK | $727.1k | <0.1% | 55,000 |  | New +55,000 |
| GLOBAL SHIP-CL A | COM CL A | $705.6k | <0.1% | 18,766 |  | Added +76 |
| SCORPIO TANKERS | SHS | $656.6k | <0.1% | 9,480 |  | New +9,480 |
| [PERPETUA RESOURCES CORP (PPTA)](/companies/ppta.md) | COM | $622.8k | <0.1% | 30,000 |  | Unchanged |
| TEEKAY CORP LTD | SHS | $610.1k | <0.1% | 61,009 |  | Reduced −1,834 |
| OSISKO DEVELOPMENT CORP | COM NEW | $606.9k | <0.1% | 250,000 |  | Unchanged |
| [TAPESTRY INC (TPR)](/companies/tpr.md) | COM | $592.1k | <0.1% | 4,045 |  | Unchanged |
| BW LPG LTD | COM | $590.9k | <0.1% | 33,953 |  | Reduced −15,755 |
| [APPLE INC (AAPL)](/companies/aapl.md) | COM | $578.7k | <0.1% | 2,000 |  | New +2,000 |
| [ZTO EXPRESS -ADR (ZTO)](/companies/zto.md) | SPONSORED ADS A | $543.7k | <0.1% | 24,296 |  | Added +1,964 |
| [UNITED PARCEL-B (UPS)](/companies/ups.md) | CL B | $541.2k | <0.1% | 5,034 |  | Reduced −323 |
| [EXPEDITORS INTL (EXPD)](/companies/expd.md) | COM | $535.6k | <0.1% | 3,286 |  | Reduced −400 |
| [FEDEX CORP (FDX)](/companies/fdx.md) | COM | $506.6k | <0.1% | 1,618 |  | Added +133 |
| [IVANHOE ELECTRIC (IE)](/companies/ie.md) | COM | $494.9k | <0.1% | 51,499 |  | Added +25,000 |
| [COLLECTIVE MININ (CNL)](/companies/cnl.md) | COM | $429.7k | <0.1% | 35,000 |  | Unchanged |
| SINDA LTD | COMMON STOCK | $420.0k | <0.1% | 35,000 |  | New +35,000 |
| [ENERFLEX LTD (EFXT)](/companies/efxt.md) | COM | $416.7k | <0.1% | 17,000 |  | Unchanged |
| [SOLV ENERGY INC (MWH)](/companies/mwh.md) | COM SHS CL A | $408.6k | <0.1% | 12,000 |  | Unchanged |
| [VALERO ENERGY CORP (VLO)](/companies/vlo.md) | COM | $390.7k | <0.1% | 1,500 |  | Reduced −1,500 |
| [RANGE RES CORP (RRC)](/companies/rrc.md) | COM | $390.5k | <0.1% | 10,500 |  | Unchanged |
| [THE REALREAL INC (REAL)](/companies/real.md) | COM | $377.3k | <0.1% | 32,000 |  | Unchanged |
| [ANTERO RESOURCES CORP (AR)](/companies/ar.md) | COM | $351.4k | <0.1% | 10,000 |  | Unchanged |
| DANAOS CORP | SHS | $343.1k | <0.1% | 2,804 |  | Reduced −3,614 |
| [HALLIBURTON CO (HAL)](/companies/hal.md) | COM | $339.5k | <0.1% | 10,000 |  | Unchanged |
| HAFNIA LTD | SHS | $332.6k | <0.1% | 50,084 |  | Reduced −55,095 |
| EUROSEAS LTD | SHS | $331.9k | <0.1% | 5,000 |  | New +5,000 |
| TEEKAY TANK-CL A | CL A | $326.3k | <0.1% | 5,030 |  | Reduced −353 |
| [FERVO ENERGY CO (FRVO)](/companies/frvo.md) | CL A COM | $292.3k | <0.1% | 10,000 |  | New +10,000 |
| [BAKER HUGHES COMPANY (BKR)](/companies/bkr.md) | CL A | $277.5k | <0.1% | 5,000 |  | Reduced −3,500 |
| [AMERICAN ELEC PWR CO INC (AEP)](/companies/aep.md) | COM | $273.6k | <0.1% | 2,000 |  | Unchanged |
| [BP PLC (BP)](/companies/bp.md) | SPONSORED ADR | $258.6k | <0.1% | 7,000 |  | Unchanged |
| [CAMECO CORP (CCJ)](/companies/ccj.md) | COM | $254.7k | <0.1% | 2,500 |  | Reduced −2,500 |
| [ROYAL GOLD INC (RGLD)](/companies/rgld.md) | COM | $250.5k | <0.1% | 1,255 |  | Reduced −79,985 |
| [MGM RESORTS INTERNATIONAL (MGM)](/companies/mgm.md) | COM | $243.8k | <0.1% | 5,100 |  | Added +2,600 |
| [SOLITARIO RESOURCES CORP (XPL)](/companies/xpl.md) | COM | $233.2k | <0.1% | 310,000 |  | Unchanged |
| [PARAMOUNT GOLD NEV CORP (PZG)](/companies/pzg.md) | COM | $228.0k | <0.1% | 200,000 |  | Added +30,000 |
| [SCHLUMBERGER LTD (SLB)](/companies/slb.md) | COM STK | $209.2k | <0.1% | 4,500 |  | Unchanged |
| [SELECT WATER SOLUTIONS INC (WTTR)](/companies/wttr.md) | CL A COM | $199.8k | <0.1% | 10,000 |  | Unchanged |
| [CONSTELLATION BRANDS INC (STZ)](/companies/stz.md) | CL A | $139.1k | <0.1% | 1,000 |  | Unchanged |
| [CME GROUP INC (CME)](/companies/cme.md) | COM | $101.8k | <0.1% | 461 |  | Unchanged |
| GLOBAL X FDS | MSCI CHINA CNSMR | $71.1k | <0.1% | 4,500 |  | Unchanged |
| [MELCO RESORTS AND ENTMNT LTD (MLCO)](/companies/mlco.md) | ADR | $63.2k | <0.1% | 12,000 |  | Unchanged |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [ALCOA CORP (AA)](/companies/aa.md) | COM | $0 | 0.0% | 0 |  | Sold out −1,000 |
| BUNGE GLOBAL SA | COM SHS | $0 | 0.0% | 0 |  | Sold out −4,000 |
| CARNIVAL CORP | COMMON STOCK | $0 | 0.0% | 0 |  | Sold out −52,500 |
| [CORE NATURAL RESOURCES INC (CNR)](/companies/cnr.md) | COM SHS | $0 | 0.0% | 0 |  | Sold out −3,100 |
| COTERRA ENERGY INC | COM | $0 | 0.0% | 0 |  | Sold out −20,000 |
| [DRDGOLD LIMITED (DRD)](/companies/drd.md) | SPON ADR REPSTG | $0 | 0.0% | 0 |  | Sold out −245,545 |
| [ELEMENTAL ROYALT (ELE)](/companies/ele.md) | COM NEW | $0 | 0.0% | 0 |  | Sold out −150,000 |
| [ENCORE ENERGY CO (EU)](/companies/eu.md) | COM NEW | $0 | 0.0% | 0 |  | Sold out −50,000 |
| [EQT CORP (EQT)](/companies/eqt.md) | COM | $0 | 0.0% | 0 |  | Sold out −12,000 |
| [EXPAND ENERGY CORPORATION (EXE)](/companies/exe.md) | COM | $0 | 0.0% | 0 |  | Sold out −7,500 |
| [FIRST MAJESTIC SILVER CORP (AG)](/companies/ag.md) | COM | $0 | 0.0% | 0 |  | Sold out −50,000 |
| [FURY GOLD MINES (FURY)](/companies/fury.md) | COM | $0 | 0.0% | 0 |  | Sold out −350,000 |
| [HYCROFT MINING HOLDING CORP (HYMC)](/companies/hymc.md) | CL A NEW | $0 | 0.0% | 0 |  | Sold out −9,000 |
| [KINROSS GOLD (KGC)](/companies/kgc.md) | COM | $0 | 0.0% | 0 |  | Sold out −195,363 |
| [MATSON INC (MATX)](/companies/matx.md) | COM | $0 | 0.0% | 0 |  | Sold out −2,343 |
| ORLA MINING LTD | COM | $0 | 0.0% | 0 |  | Sold out −246,374 |
| [PEABODY ENGR CORP (BTU)](/companies/btu.md) | COM | $0 | 0.0% | 0 |  | Sold out −8,600 |
| SEABRIDGE GOLD INC | COM | $0 | 0.0% | 0 |  | Sold out −40,000 |
| [STANDARD LITHIUM LTD (SLI)](/companies/sli.md) | COM | $0 | 0.0% | 0 |  | Sold out −75,000 |
| TORM PLC-A | SHS CL A | $0 | 0.0% | 0 |  | Sold out −14,192 |

Source: SEC EDGAR, Form 13F-HR, accession 0001437749-26-024513. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.