U S GLOBAL INVESTORS INC

U S GLOBAL INVESTORS INC is an institution based in San Antonio, TX led by Frank Edward Holmes, reporting $1.6B in AUM as of Q3 2025 with 56% Industrials concentration, 52% concentrated in top 10 holdings, and minimal technology exposure.

CEOFrank Edward Holmes

Portfolio Value: $883.9M
Positions: 133
Top Holding: LUV at 9.62%
Last Reported: Q3 2025

Address7900 Callaghan Road, San Antonio, TX, 78229, United States

Top Holdings

Largest long holdings in U S GLOBAL INVESTORS INC's portfolio (51.6% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Southwest Airlines LUV	Airlines, Airports & Air Services Industrials	$85.0M	9.62%	+$198.2K Bought	0.51% 2.7M shares	Q2 2015 Held for 10y 5m
2 Delta Air Lines DAL	Airlines, Airports & Air Services Industrials	$77.2M	8.74%	-$23.0M Sold	0.21% 1.4M shares	Q4 2014 Held for 10y 11m
3 United Airlines Holdings UAL	Airlines, Airports & Air Services Industrials	$75.3M	8.52%	-$31.1M Sold	0.24% 780.2K shares	Q2 2015 Held for 10y 5m
4 American Airlines Group AAL	Airlines, Airports & Air Services Industrials	$72.9M	8.25%	-$13.9M Sold	0.98% 6.5M shares	Q2 2015 Held for 10y 5m
5 Osisko Gold Royalties OR	Gold Basic Materials	$37.3M	4.22%	+$14.3M Bought	0.49% 931.1K shares	Q3 2020 Held for 5y 2m
6 Allegiant Travel ALGT	Airlines, Airports & Air Services Industrials	$23.1M	2.62%	-$3.0M Sold	2.07% 380.7K shares	Q2 2015 Held for 10y 5m
7 JetBlue Airways JBLU	Airlines, Airports & Air Services Industrials	$22.2M	2.51%	-$2.5M Sold	1.24% 4.5M shares	Q2 2015 Held for 10y 5m
8 Sun Country Airlines Holdings SNCY	Airlines, Airports & Air Services Industrials	$21.6M	2.44%	-$2.9M Sold	3.43% 1.8M shares	Q2 2023 Held for 2y 5m
9 SkyWest SKYW	Airlines, Airports & Air Services Industrials	$21.6M	2.44%	-$2.6M Sold	0.53% 214.4K shares	Q3 2015 Held for 10y 2m
10 Frontier Group Holdings, Inc. ULCC	Airlines, Airports & Air Services Industrials	$20.1M	2.28%	-$7.2M Sold	2.00% 4.6M shares	Q2 2022 Held for 3y 5m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in U S GLOBAL INVESTORS INC's latest filing

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Market Value

$883.9M

Prior: $848.1M

Q/Q Change

+4.22%

+$35.8M

Net Flows % of MV

-11.54%

Turnover Ratio

14.83%

New Purchases

4 stocks

$18.7M

Added To

24 stocks

+$63.8M

Sold Out Of

11 stocks

$28.6M

Reduced Holdings

46 stocks

-$148.5M

Increased Positions

Position	Shares Δ	Change
1 GFI Gold Fields GFI	New	0 → 276.6K +$11.6M
2 AUGO Aura Minerals Inc. Common Shares AUGO	New	0 → 100.0K +$3.7M
3 Barnes Group B	New	0 → 100.0K +$3.3M
4 CALI China Auto Logistics Inc. CALI	New	0 → 1.1K +$57.1K
5 Orla Mining ORLA	+2,301.31%	23.0K → 552.3K +$5.7M

Decreased Positions

Position	Shares Δ	Change
1 Sandstorm Gold SAND	Sold	699.7K → 0 −$6.6M
2 Allied Gold Corporation AAUC	Sold	451.8K → 0 −$6.1M
3 Avino Silver & Gold Mines ASM	Sold	1.1M → 0 −$3.8M
4 Centerra Gold CGAU	Sold	527.3K → 0 −$3.8M
5 Fortuna Mining FSM	Sold	553.1K → 0 −$3.6M