1y return+44.9%S&P 500 +20.9%
3y return+65.6%S&P 500 +68.5%
5y return+37.1%S&P 500 +74.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2017: $202 against $309 in the S&P 500.2
U S Global Investors IncS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| AALAmerican Airline | $108.4M | 10.4% | −6.7% |
| UALUnited Airlines | $106.2M | 10.2% | |
| LUVSouthwest Air | $102.1M | 9.8% | +19.0% |
| DALDelta Air Li | $100.7M | 9.7% | −8.3% |
| ALGTAllegiant Travel | $40.8M | 3.9% | +16.0% |
| ULCCFrontier Group H | $38.9M | 3.7% | −27.5% |
| JBLUJetblue Airways | $34.4M | 3.3% | +8.2% |
| ALKAlaska Air Group | $33.4M | 3.2% | +7.2% |
| SKYWSkywest Inc | $33.1M | 3.2% | +29.3% |
| AYAAya Gold & Silve | $21.3M | 2.0% | New |
| SABRSabre Corp | $20.7M | 2.0% | +31.2% |
| TRIPTripadvisor Inc | $19.1M | 1.8% | +1.5% |
| EXPEExpedia Group In | $18.9M | 1.8% | +32.0% |
| OROr Royalties Inc | $18.4M | 1.8% | +8.6% |
| BKNGBooking Holdings | $18.1M | 1.7% | +35.0% |
| FNVFranco Nev Corp | $16.8M | 1.6% | −4.5% |
| GDGeneral Dynamics | $16.4M | 1.6% | +28.3% |
| TXTTextron Inc | $16.3M | 1.6% | +26.6% |
| BABoeing Co/the | $16.2M | 1.6% | +19.7% |
| WPMWheaton Precious | $15.7M | 1.5% | +379.7% |
| IAGIamgold Corp | $13.9M | 1.3% | −9.6% |
| USASAmericas Gold An | $12.4M | 1.2% | +45.8% |
| LTMLatam Airlines G | $9.4M | 0.9% | +18.4% |
| RYAAYRyanair Hldg-adr | $9.0M | 0.9% | +34.1% |
| EXKEndeavour Silver | $8.6M | 0.8% | +253.4% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| IAGIamgold Corp | March 31, 2022 | +355.2% | $13.9M |
| CDECoeur Mng Inc | March 31, 2024 | +332.9% | $7.2M |
| EMBJEmbraer Sa-adr | June 30, 2021 | +321.4% | $4.7M |
| UALUnited Airlines | June 30, 2020 | +292.9% | $106.2M |
| HMYHarmony Gold-adr | June 30, 2020 | +264.7% | $6.5M |
| AEMAgnico Eagle Mines Ltd | June 30, 2022 | +239.0% | $4.7M |
| DALDelta Air Li | June 30, 2020 | +233.9% | $100.7M |
| WPMWheaton Precious | June 30, 2020 | +155.1% | $15.7M |
| SKYWSkywest Inc | June 30, 2023 | +143.9% | $33.1M |
| GDGeneral Dynamics | June 30, 2020 | +137.0% | $16.4M |
Sold off last quarter
- DRDDrdgold Limited was $7.2M
- KGCKinross Gold was $6.0M
- Orla Mining LtdCUSIP 68634K106 was $4.0M
- ELEElemental Royalt was $2.8M
- Carnival CorpCUSIP 143658300 was $1.4M
- Seabridge Gold IncCUSIP 811916105 was $1.1M
- AGFirst Majestic Silver Corp was $1.1M
- EXEExpand Energy Corporation was $823K
- EQTEqt Corp was $764K
- CTRACoterra Energy Inc was $703K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +19.5% | +14.8% |
| March 31, 2026 | −7.0% | −4.6% |
| December 31, 2025 | +13.7% | +2.4% |
| September 30, 2025 | +14.6% | +7.8% |
| June 30, 2025 | +8.4% | +10.5% |
| March 31, 2025 | −15.4% | −4.6% |
| December 31, 2024 | +26.1% | +2.1% |
| September 30, 2024 | +6.6% | +5.4% |
| June 30, 2024 | −7.2% | +4.0% |
| March 31, 2024 | +11.1% | +10.0% |
| December 31, 2023 | +14.1% | +11.2% |
| September 30, 2023 | −21.1% | −3.6% |
| June 30, 2023 | +15.7% | +8.3% |
| March 31, 2023 | +9.2% | +7.0% |
| December 31, 2022 | +9.4% | +7.1% |
| September 30, 2022 | −8.7% | −5.3% |
| June 30, 2022 | −26.5% | −16.5% |
| March 31, 2022 | +2.7% | −4.9% |
| December 31, 2021 | −9.5% | +10.7% |
| September 30, 2021 | −4.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: U S Global Investors Inc Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=754811&type=13F-HR&dateb=&owner=include&count=40CIK 754811
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/754811/000143774926024513/Filed July 27, 2026 · accession 0001437749-26-024513