U S Global Investors Inc reported 115 positions worth $915.57M for the quarter ended Sep 30, 2026, down 4.7% on the prior quarter. It opened 17 new positions, added to 36, trimmed 30 and exited 10. Its largest holding is Southwest Airlines Co at 10.3% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| RGLD Royal Gold Inc | +82.2K | +6,549.6% | $19.40M | 2.15% |
| LUV Southwest Airlines Co | +275.2K | +13.9% | $11.46M | 10.28% |
| AAL American Airlines Group Inc. | +786.3K | +13.1% | $10.51M | 9.91% |
| KGC Kinross Gold Corp | +389.0K | – | $9.37M | 1.02% |
| ELE Elemental Royalty Corp | +470.7K | – | $9.03M | 0.986% |
| GFI Gold Fields Ltd | +183.0K | +732.1% | $6.61M | 0.821% |
| AU AngloGold Ashanti PLC | +60.4K | +603.6% | $5.67M | 0.722% |
| CDE Coeur Mining, Inc. | +308.3K | +70.2% | $5.43M | 1.44% |
| GROY Gold Royalty Corp. | +1.71M | – | $5.12M | 0.56% |
| MUX McEwen Inc. | +220.9K | +220.9% | $3.94M | 0.626% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| OR OR Royalties Inc. | -259.4K | -44.7% | $8.91M | 1.21% |
| SABR Sabre Corp | -2.49M | -25.1% | $5.27M | 1.71% |
| NEM NEWMONT Corp | -49.7K | -100.0% | $4.65M | Exited |
| EXPE Expedia Group, Inc. | -15.3K | -20.7% | $4.03M | 1.69% |
| PAAS Pan American Silver Corp | -88.0K | -49.8% | $4.00M | 0.44% |
| ASM Avino Silver & Gold Mines Ltd | -510.0K | -83.6% | $2.83M | 0.061% |
| SKYW Skywest Inc | -28.0K | -8.4% | $2.71M | 3.23% |
| HMY Harmony Gold Mining Co Ltd | -118.1K | -27.5% | $2.09M | 0.601% |
| AUGO Aura Minerals Inc. | -25.0K | -50.0% | $1.97M | 0.215% |
| AMZN Amazon Com Inc | -7,500 | -100.0% | $1.79M | Exited |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| KGC Kinross Gold Corp | +389.0K | $9.37M | 1.02% |
| ELE Elemental Royalty Corp | +470.7K | $9.03M | 0.986% |
| GROY Gold Royalty Corp. | +1.71M | $5.12M | 0.56% |
| BVN Buenaventura Mining Co Inc | +123.6K | $3.90M | 0.426% |
| GS Goldman Sachs Group Inc | +1,500 | $1.35M | 0.148% |
| ECO Okeanis Eco Tankers Corp. | +12.4K | $999.92K | 0.109% |
| FRO Frontline plc | +14.8K | $731.51K | 0.08% |
| OGG Osisko Gold Group Inc. | +250.0K | $702.49K | 0.077% |
| NCLH Norwegian Cruise Line Holdings Ltd. | +44.5K | $652.37K | 0.071% |
| ASC Ardmore Shipping Corp | +18.9K | $353.46K | 0.039% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| NEM NEWMONT Corp | -49.7K | $4.65M | 0.484% |
| AMZN Amazon Com Inc | -7,500 | $1.79M | 0.186% |
| AXP American Express Co | -3,930 | $1.33M | 0.138% |
| CAT Caterpillar Inc | -1,000 | $1.06M | 0.111% |
| BX Blackstone Inc. | -6,300 | $741.32K | 0.077% |
| AAPL Apple Inc. | -2,000 | $578.72K | 0.06% |
| MWH SOLV Energy, Inc. | -12.0K | $408.60K | 0.043% |
| ESEA Euroseas Ltd. | -5,000 | $331.85K | 0.035% |
| FRVO Fervo Energy Co | -10.0K | $292.30K | 0.03% |
| AEP American Electric Power Co Inc | -2,000 | $273.62K | 0.028% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | LUV Southwest Airlines Co | Industrials | 2.26M | $94.14M | 10.28% | +275.2K | +13.9% | Added | 0.46% |
| 2 | DAL Delta Air Lines, Inc. | Industrials | 1.10M | $91.80M | 10.03% | +25.0K | +2.3% | Added | 0.17% |
| 3 | AAL American Airlines Group Inc. | Industrials | 6.79M | $90.75M | 9.91% | +786.3K | +13.1% | Added | 1.02% |
| 4 | UAL United Airlines Holdings, Inc. | Industrials | 808.2K | $89.67M | 9.79% | +27.5K | +3.5% | Added | 0.25% |
| 5 | ULCC Frontier Group Holdings, Inc. | Industrials | 5.22M | $31.14M | 3.4% | +301.5K | +6.1% | Added | 2.26% |
| 6 | SKYW Skywest Inc | Industrials | 305.1K | $29.57M | 3.23% | -28.0K | -8.4% | Reduced | 0.79% |
| 7 | ALGT Allegiant Travel CO | Industrials | 384.2K | $29.12M | 3.18% | +37.0K | +10.6% | Added | 1.41% |
| 8 | ALK Alaska Air Group, Inc. | Industrials | 728.7K | $28.20M | 3.08% | +89.0K | +13.9% | Added | 0.65% |
| 9 | JBLU Jetblue Airways Corp | Industrials | 6.50M | $27.50M | 3% | +505.1K | +8.4% | Added | 1.72% |
| 10 | RGLD Royal Gold Inc | Financial Services | 83.5K | $19.69M | 2.15% | +82.2K | +6,549.6% | Added | 0.1% |
| 11 | FNV FRANCO NEVADA Corp | Financial Services | 81.7K | $19.45M | 2.12% | +1,078 | +1.3% | Added | 0.04% |
| 12 | WPM Wheaton Precious Metals Corp. | Financial Services | 138.4K | $18.51M | 2.02% | -982 | -0.7% | Reduced | 0.03% |
| 13 | SABR Sabre Corp | Technology | 7.40M | $15.69M | 1.71% | -2.49M | -25.1% | Reduced | 1.83% |
| 14 | TXT Textron Inc | Industrials | 205.0K | $15.62M | 1.71% | +27.8K | +15.7% | Added | 0.12% |
| 15 | EXPE Expedia Group, Inc. | Technology | 58.6K | $15.44M | 1.69% | -15.3K | -20.7% | Reduced | 0.05% |
Tip. Select a row to see that position’s full history at U S Global Investors.
As of its Q3 2026 13F filing, U S Global Investors Inc’s five largest positions were Southwest Airlines Co (LUV) at 10.3%, Delta Air Lines, Inc. (DAL) at 10.0%, American Airlines Group Inc. (AAL) at 9.9%, United Airlines Holdings, Inc. (UAL) at 9.8%, Frontier Group Holdings, Inc. (ULCC) at 3.4% of the reported portfolio.
U S Global Investors Inc reported a 13F portfolio worth $915.57M across 115 positions for Q3 2026. That is down 4.7% from the previous quarter.
Its largest purchases by value were Royal Gold Inc ($19.40M), Southwest Airlines Co ($11.46M), American Airlines Group Inc. ($10.51M). It opened 17 new positions.
Its largest sales by value were OR Royalties Inc. ($8.91M), Sabre Corp ($5.27M), NEWMONT Corp ($4.65M). It exited 10 positions entirely.
From the Form 13F-HR reports U S Global Investors Inc files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.