SEC 13F Intelligence

Managers / Q2 2021 · view latest →

U S GLOBAL INVESTORS INC

CIK 0000754811 · 7900 CALLAGHAN RD, SAN ANTONIO, TX, 78229 · 2103081234

Reported Value
$3.0B
Q2 2021
Positions
170
Filings on Record
30
2019–present window
Filed
Aug 10, 2021
original filing

Summary

U S Global Investors Inc reported $3.0B in U.S.-listed holdings across 170 positions for Q2 2021.

Its largest position, DAL, represents 12.2% of the portfolio.

Compared with Q1 2021, the fund opened 31 new positions and exited 25.

Portfolio Metrics

Turnover
+23.2%
vs prior filed quarter
Top-10 Concentration
+68.8%
share of reported value
Largest Position
+12.2%
Delta Air Lines
New / Exited
31 / 25
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $173MQ4 ’18Q1 ’19: $209MQ2 ’19: $194MQ3 ’19: $184MQ4 ’19: $223MQ4 ’19Q1 ’20: $374MQ2 ’20: $1.1BQ3 ’20: $1.4BQ4 ’20: $2.3BQ4 ’20Q1 ’21: $3.1BQ2 ’21: $3.0BQ3 ’21: $3.1BQ4 ’21: $2.7BQ4 ’21Q1 ’22: $3.0BQ2 ’22: $2.1BQ3 ’22: $1.6BQ4 ’22: $1.7BQ4 ’22Q1 ’23: $1.5BQ2 ’23: $1.7BQ3 ’23: $1.2BQ4 ’23: $1.5BQ4 ’23Q1 ’24: $1.2BQ2 ’24: $1.1BQ3 ’24: $1.0BQ4 ’24: $1.0BQ4 ’24Q1 ’25: $757MQ2 ’25: $850MQ3 ’25: $886MQ4 ’25: $934MQ4 ’25Q1 ’26: $858Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 94.8%ADR: 2.7%Other: 2.3%ETP: 0.2%REIT: 0.0%Other: 0.0%
  • Common Stock · 94.8% · $2.8B
  • ADR · 2.7% · $80M
  • Other · 2.3% · $70M
  • ETP · 0.2% · $5M
  • REIT · 0.0% · $1M
  • Other · 0.0% · $931,000

Quarter-over-Quarter Changes full breakdown →

vs Q1 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SNCYSUN CTRY AIRLS HLDGS INCNEW+2.91M2.91M+$108M$108M
HANHAWAIIAN HOLDINGS INCNEW+4.20M4.20M+$102M$102M
TXTTEXTRON INCNEW+1.12M1.12M+$77M$77M
TRIPTRIPADVISOR INCNEW+1.90M1.90M+$76M$76M
BKNGBOOKING HOLDINGS INCNEW+34.5K34.5K+$75M$75M
BABOEING CONEW+314.3K314.3K+$75M$75M
EXPEEXPEDIA GROUP INCNEW+456.4K456.4K+$75M$75M
EMBJEMBRAER S.A.NEW+1.44M1.44M+$22M$22M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2021

47 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DALDELTA AIR LINES INC DELhistory →COM NEW12.16%$363M8.39M
2UALUNITED AIRLS HLDGS INChistory →COM11.99%$358M6.84M
3LUVSOUTHWEST AIRLS COhistory →COM11.92%$356M6.70M
4AALAMERICAN AIRLS GROUP INChistory →COM11.58%$346M16.30M
5ALKALASKA AIR GROUPhistory →COM3.62%$108M1.79M
6SNCYSUN CTRY AIRLS HLDGS INChistory →COM3.61%$108M2.91M
7ALGTALLEGIANT TRAVEL COhistory →COM3.58%$107M550.5K
8JBLUJETBLUE AWYS CORPhistory →COM3.47%$104M6.18M
9SKYWSKYWEST INChistory →COM3.47%$103M2.40M
10HANHAWAIIAN HOLDINGS INChistory →COM3.43%$102M4.20M
11SAVEEURSPIRIT AIRLS INChistory →COM3.41%$102M3.34M
12TXTTEXTRON INChistory →COM2.59%$77M1.12M
13GDGENERAL DYNAMICS CORPhistory →COM2.58%$77M408.5K
14TRIPTRIPADVISOR INChistory →COM2.56%$76M1.90M
15BKNGBOOKING HOLDINGS INChistory →COM2.53%$75M34.5K
16BABOEING COhistory →COM2.52%$75M314.3K
17AIR TRANSPORT SECOM2.51%$75M3.23M
18EXPEEXPEDIA GROUP INChistory →COM NEW2.50%$75M456.4K
19EMBJEMBRAER S.A.history →SPONSORED ADS0.73%$22M1.44M
20MAKEMYTRIP LIMITED MAURITIUSSHS0.71%$21M709.3K
21COPA HOLDINGS SACL A0.66%$20M261.5K
22RYAAYRYANAIR HOLDINGS PLChistory →SPONSORED ADS0.63%$19M175.1K
23AZUL S ASPONSR ADR PFD0.62%$18M700.4K
24GOLGBPGOL LINHAS AEREAS INTELIGENThistory →SPON ADR PFD NEW0.61%$18M1.97M
25WPMWHEATON PRECIOUS METALS CORPhistory →COM0.54%$16M366.7K
26FNVFRANCO NEV CORPhistory →COM0.37%$11M75.4K
27RGLDROYAL GOLD INChistory →COM0.36%$11M94.0K
28AYS1SANDSTORM GOLD LTDCOM NEW0.31%$9M1.16M
29MTAMETALLA RTY & STREAMING LTDCOM NEW0.21%$6M745.9K
30CGCENTERRA GOLD INCCOM0.14%$4M568.4K
31OSISKO GOLD ROYALTIES LTDCOM0.14%$4M311.4K
32MAVERIX METALS INCCOM NEW0.14%$4M778.0K
33SSRMSSR MNG INCCOM0.12%$4M238.6K
34TSLATESLA INCCOM0.12%$3M5.1K
35NEMNEWMONT CORPCOM0.11%$3M50.0K
36SBSWSIBANYE STILLWATER LTDSPONSORED ADR0.10%$3M178.1K
37EMXEMX ROYALTY CORPCOM0.10%$3M1.00M
38ELDELDORADO GOLD CORP NEWCOM0.10%$3M295.9K
39ANGLOGOLD ASHANTI LIMITEDSPONSORED ADR0.10%$3M156.6K
40IMGIAMGOLD CORPCOM0.09%$3M924.1K
41HAMHARMONY GOLD MINING CO LTDSPONSORED ADR0.09%$3M721.3K
42COSTCOSTCO WHSL CORPNEW COM0.08%$2M6.1K
43AMZNAMAZON COM INCCOM0.08%$2M690
44AAPLAPPLE INCCOM0.08%$2M17.1K
45BXBLACKSTONE GROUP INCCOM0.07%$2M23.0K
46EDGGOLD FIELDS LTDSPONSORED ADR0.07%$2M250.0K
47BUEURBURCON NUTRASCIENCE CORPCOM0.07%$2M750.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$858M162May 1, 202613F-HRchanges · EDGAR ↗
Q4 2025$934M158Jan 28, 202613F-HRchanges · EDGAR ↗
Q3 2025$886M171Oct 21, 202513F-HRchanges · EDGAR ↗
Q2 2025$850M173Jul 24, 202513F-HRchanges · EDGAR ↗
Q1 2025$757M170Apr 24, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.0B160Feb 5, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.0B169Oct 21, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.1B163Jul 23, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.2B180Apr 24, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.5B181Jan 23, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.2B151Oct 18, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.7B140Jul 24, 202313F-HRchanges · EDGAR ↗
Q1 2023$1.5B152Apr 28, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.7B153Feb 3, 202313F-HRchanges · EDGAR ↗
Q3 2022$1.6B153Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$2.1B163Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$3.0B162May 6, 202213F-HRchanges · EDGAR ↗
Q4 2021$2.7B172Feb 8, 202213F-HRchanges · EDGAR ↗
Q3 2021$3.1B176Nov 8, 202113F-HRchanges · EDGAR ↗
Q2 2021$3.0B170Aug 10, 202113F-HRchanges · EDGAR ↗
Q1 2021$3.1B167Apr 23, 202113F-HRchanges · EDGAR ↗
Q4 2020$2.3B201Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$1.4B208Nov 13, 202013F-HRchanges · EDGAR ↗
Q2 2020$1.1B225Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$374M185May 4, 202013F-HRchanges · EDGAR ↗
Q4 2019$223M185Feb 12, 202013F-HRchanges · EDGAR ↗
Q3 2019$184M182Nov 12, 201913F-HRchanges · EDGAR ↗
Q2 2019$194M219Aug 9, 201913F-HRchanges · EDGAR ↗
Q1 2019$209M218May 13, 201913F-HRchanges · EDGAR ↗
Q4 2018$173M183Feb 12, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.