SEC 13F Intelligence

Managers / Q2 2024 · view latest →

U S GLOBAL INVESTORS INC

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

Reported Value
$1.1B
Q2 2024
Positions
163
Filings on Record
30
2019–present window
Filed
Jul 23, 2024
original filing

Summary

U S Global Investors Inc reported $1.1B in U.S.-listed holdings across 163 positions for Q2 2024.

Its largest position, DAL, represents 14.6% of the portfolio.

Compared with Q1 2024, the fund opened 23 new positions and exited 40.

Portfolio Metrics

Turnover
+3.7%
vs prior filed quarter
Top-10 Concentration
+65.3%
share of reported value
Largest Position
+14.6%
Delta Air Li
New / Exited
23 / 40
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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 94.7%ADR: 4.6%Other: 0.6%Unit: 0.1%ETP: 0.0%
  • Common Stock · 94.7% · $999M
  • ADR · 4.6% · $49M
  • Other · 0.6% · $6M
  • Unit · 0.1% · $899,800
  • ETP · 0.0% · $323,805

Quarter-over-Quarter Changes full breakdown →

vs Q1 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FSMFORTUNA SILVERNEW+1.13M1.13M+$7M$7M
VZLAVIZSLA SILVER CONEW+913.0K913.0K+$2M$2M
BXBLACKSTONE INCNEW+12.3K12.3K+$2M$2M
GSGOLDMAN SACHS GROUP INCNEW+2.7K2.7K+$1M$1M
NCLHNORWEGIAN CRUISE LINE HLDG LNEW+59.0K59.0K+$1M$1M
HLHECLA MNG CONEW+200.0K200.0K+$970,000$970,000
GATOS SILVER INCNEW+90.0K90.0K+$939,600$939,600
ABXBARRICK GOLD CORPNEW+40.0K40.0K+$667,200$667,200

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

Holdings — Q2 2024

133 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1DALDELTA AIR LIhistory →COM NEW14.57%$154M3.01M
2UALUNITED AIRLINEShistory →COM14.46%$153M2.88M
3AALAMERICAN AIRLINEhistory →COM9.36%$99M8.58M
4LUVSOUTHWEST AIRhistory →COM9.32%$98M3.66M
5ALKALASKA AIR GROUPhistory →COM3.76%$40M943.5K
6SKYWSKYWEST INChistory →COM3.74%$39M528.5K
7JBLUJETBLUE AIRWAYShistory →COM2.73%$29M5.15M
8BKNGBOOKING HOLDINGShistory →COM2.49%$26M7.0K
9ALGTALLEGIANT TRAVELhistory →COM2.46%$26M488.2K
10GDGENERAL DYNAMICShistory →COM2.44%$26M85.8K
11SNCYSUN COUNTRY HOLDhistory →COM2.38%$25M2.37M
12AIR TRANSPORT SECOM2.33%$25M1.82M
13ULCCFRONTIER GROUP Hhistory →COM2.29%$24M4.41M
14TXTTEXTRON INChistory →COM2.18%$23M262.9K
15BABOEING CO/THEhistory →COM1.97%$21M116.9K
16EXPEEXPEDIA GROUP INhistory →COM NEW1.87%$20M174.8K
17TRIPTRIPADVISOR INChistory →COM1.53%$16M880.2K
18TCOMTRIP.COM GRO-ADRhistory →ADS1.34%$14M274.4K
19RGLDROYAL GOLD INChistory →COM1.05%$11M86.6K
20WPMWHEATON PRECIOUShistory →COM1.02%$11M194.7K
21RYAAYRYANAIR HLDG-ADRhistory →SPONSORED ADS0.98%$10M85.4K
22FNVFRANCO-NEVADA COCOM0.87%$9M73.9K
23EMBJEMBRAER SA-ADRSPONSORED ADS0.73%$8M277.8K
24MAKEMYTRIP LTDSHS0.70%$7M98.2K
25CGAUCENTERRA GOLD INCOM0.66%$7M1.01M
26FSMFORTUNA SILVERCOM NEW0.66%$7M1.11M
27ASRGRUPO AEROPO-ADRSPON ADR SER B0.65%$7M20.5K
28CPACOPA HOLDIN-CL ACL A0.55%$6M59.3K
29OREUROSISKO GOLD ROYACOM0.53%$6M334.9K
30SILVERCREST METACOM0.49%$5M577.7K
31VOXRVOX ROYALTY CORPCOM0.45%$5M1.70M
32AZUL SA-ADRSPONSR ADR PFD0.41%$4M793.6K
33TFPMTRIPLE FLAGCOM0.40%$4M253.4K
34SANDSTORM GOLDCOM NEW0.40%$4M733.8K
35EGOELDORADO GOLDCOM0.39%$4M261.7K
36AGIALAMOS GOLD INC NEWCOM CL A0.37%$4M250.0K
37NGDNNEW GOLD INCCOM0.37%$4M1.76M
38HMYHARMONY GOLD-ADRSPONSORED ADR0.31%$3M362.7K
39SBSWSIBANYE-STI-ADRSPONSORED ADR0.31%$3M637.0K
40EQXEQUINOX GOLD CORPCOM0.27%$3M550.0K
41EMXEMX ROYALTY CORPCOM0.23%$2M1.25M
42NGDNNEW GOLD INC CDACOM0.23%$2M1.24M
43AMZNAMAZON COM INCCOM0.22%$2M12.0K
44KKRKKR & CO INCCOM0.20%$2M20.4K
45UBSUBS GROUP AGSHS0.19%$2M68.0K
46HMYHARMONY GOLD MINING CO LTDSPONSORED ADR0.17%$2M200.0K
47WPMWHEATON PRECIOUS METALS CORPCOM0.17%$2M34.5K
48STZCONSTELLATION BRANDS INCCL A0.17%$2M6.9K
49APOAPOLLO GLOBAL MGMT INCCOM0.17%$2M15.0K
50VZLAVIZSLA SILVER COCOM NEW0.16%$2M913.0K
51LULULULULEMON ATHLETICA INCCOM0.16%$2M5.5K
52AUANGLOGOLD ASHANTI PLCCOM SHS0.15%$2M65.0K
53OREUROSISKO GOLD ROYALTIES LTDCOM0.15%$2M99.5K
54BXBLACKSTONE INCCOM0.14%$2M12.3K
55FNVFRANCO NEV CORPCOM0.14%$1M12.6K
56AEMAGNICO EAGLE MINES LTDCOM0.14%$1M22.5K
57LNGCHENIERE ENERGY INCCOM NEW0.12%$1M7.5K
58ORLAORLA MINING LTDCOM0.12%$1M301.7K
59CDECOEUR MNG INCCOM NEW0.12%$1M225.0K
60GSGOLDMAN SACHS GROUP INCCOM0.12%$1M2.7K
61KGCKINROSS GOLD CORPCOM0.11%$1M145.0K
62CCLCARNIVAL CORPUNIT 99/99/99990.11%$1M63.2K
63NCLHNORWEGIAN CRUISE LINE HLDG LSHS0.11%$1M59.0K
64HLHECLA MNG COCOM0.09%$970,000200.0K
65DECKDECKERS OUTDOOR CORPCOM0.09%$963,110995
66GATOS SILVER INCCOM0.09%$939,60090.0K
67IAGIAMGOLD CORPCOM0.09%$937,500250.0K
68KRPKIMBELL RTY PARTNERS LPUNIT0.09%$899,80055.0K
69LINLINDE PLCSHS0.08%$877,6202.0K
70SVMSILVERCORP METALS INCCOM0.08%$840,000250.0K
71RACEFERRARI N VCOM0.07%$755,4851.9K
72VIPER ENERGY INCCL A0.07%$750,60020.0K
73EUENCORE ENERGY COCOM NEW0.07%$722,043150.0K
74ABXBARRICK GOLD CORPCOM0.06%$667,20040.0K
75OXYOCCIDENTAL PETE CORPCOM0.06%$630,30010.0K
76PAASPAN AMERN SILVER CORPCOM0.06%$596,40030.0K
77WTTRSELECT WATER SOLUTIONS INCCL A COM0.05%$535,00050.0K
78JPMJPMORGAN CHASE & COCOM0.05%$525,8762.6K
79RLRALPH LAUREN CORPCL A0.05%$525,1803.0K
80MPCMARATHON PETE CORPCOM0.05%$520,4403.0K
81MARATHON OIL CORPCOM0.05%$501,72517.5K
82CCJCAMECO CORPCOM0.05%$492,00010.0K
83AXPAMERICAN EXPRESS COCOM0.05%$486,2552.1K
84GOLDA-MARK PRECIOUS METALS INCCOM0.05%$485,55015.0K
85MEOHMETHANEX CORPCOM0.05%$482,8229.0K
86BGBUNGE GLOBAL SACOM SHS0.05%$480,4654.5K
87SLVMSYLVAMO CORPCOMMON STOCK0.05%$480,2007.0K
88SASEABRIDGE GOLD INCCOM0.05%$479,15035.0K
89RCLROYAL CARIBBEAN GROUPCOM0.05%$478,2903.0K
90BTGB2GOLD CORPCOM0.04%$472,500175.0K
91WYNNWYNN RESORTS LTDCOM0.04%$465,4005.2K
92INGRINGREDION INCCOM0.04%$458,8004.0K
93DNNDENISON MINES CORPCOM0.04%$457,700230.0K
94NKENIKE INCCL B0.04%$376,8505.0K
95GIHGOLD RESOURCE CORPCOM0.04%$373,5001.00M
96CFCF INDS HLDGS INCCOM0.04%$370,6005.0K
97BPBP PLCSPONSORED ADR0.03%$361,00010.0K
98HALHALLIBURTON COCOM0.03%$337,80010.0K
99RRCRANGE RES CORPCOM0.03%$335,30010.0K
100SKESKEENA RESOURCESCOM0.03%$331,85475.0K

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 ↗.