0001437749-26-014398.txt : 20260501
0001437749-26-014398.hdr.sgml : 20260501
20260501142624
ACCESSION NUMBER: 0001437749-26-014398
CONFORMED SUBMISSION TYPE: 13F-HR
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20260331
FILED AS OF DATE: 20260501
DATE AS OF CHANGE: 20260501
EFFECTIVENESS DATE: 20260501
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: U S GLOBAL INVESTORS INC
CENTRAL INDEX KEY: 0000754811
STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282]
ORGANIZATION NAME: 02 Finance
EIN: 741598370
STATE OF INCORPORATION: TX
FISCAL YEAR END: 0630
FILING VALUES:
FORM TYPE: 13F-HR
SEC ACT: 1934 Act
SEC FILE NUMBER: 028-02220
FILM NUMBER: 26931526
BUSINESS ADDRESS:
STREET 1: 7900 CALLAGHAN RD
CITY: SAN ANTONIO
STATE: TX
ZIP: 78229
BUSINESS PHONE: 2103081234
MAIL ADDRESS:
STREET 1: 7900 CALLAGHAN ROAD
CITY: SAN ANTONIO
STATE: TX
ZIP: 78229
FORMER COMPANY:
FORMER CONFORMED NAME: UNITED SERVICES ADVISORS INC /TX/
DATE OF NAME CHANGE: 19950321
13F-HR
1
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03-31-2026
U S GLOBAL INVESTORS INC
7900 CALLAGHAN ROAD
SAN ANTONIO
TX
78229
13F HOLDINGS REPORT
028-02220
N
Lisa Callicotte
CFO
210-308-1234
/s/ Lisa Callicotte
San Antonio
TX
05-01-2026
0
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INFORMATION TABLE
2
F13InfoTable_82256.xml
AGNICO EAGLE MIN
COM
008474108
5913416
29133
SH
SOLE
0
29133
0
AGNICO EAGLE MINES LTD
COM
008474108
6089400
30000
SH
SOLE
0
30000
0
ALAMOS GOLD INC
COM CL A
011532108
5821263
131021
SH
SOLE
0
131021
0
ALAMOS GOLD INC NEW
COM CL A
011532108
3110100
70000
SH
SOLE
0
70000
0
ALASKA AIR GROUP
COM
011659109
21941918
596572
SH
SOLE
0
596572
0
ALCOA CORP
COM
013872106
66330
1000
SH
SOLE
0
1000
0
ALLEGIANT TRAVEL
COM
01748X102
24249194
299225
SH
SOLE
0
299225
0
AMAZON COM INC
COM
023135106
1978565
9500
SH
SOLE
0
9500
0
AMERICAN AIRLINE
COM
02376R102
69112426
6435049
SH
SOLE
0
6435049
0
AMERICAN ELEC PWR CO INC
COM
025537101
262160
2000
SH
SOLE
0
2000
0
AMERICAS GOLD AN
COM NEW
03062D803
9402792
1800000
SH
SOLE
0
1800000
0
ANGLOGOLD ASHANT
COM SHS
G0378L100
3937725
40445
SH
SOLE
0
40445
0
ANGLOGOLD ASHANTI PLC
COM SHS
G0378L100
8762400
90000
SH
SOLE
0
90000
0
ANTERO RESOURCES CORP
COM
03674X106
424400
10000
SH
SOLE
0
10000
0
ARIS MINING CORP
COM
04040Y109
6319039
340000
SH
SOLE
0
340000
0
AURA MINERALS INC
SHS NEW
G06973112
8160000
100000
SH
SOLE
0
100000
0
AVINO SILVER & GOLD MINES LT
COM
053906103
632000
100000
SH
SOLE
0
100000
0
BAKER HUGHES COMPANY
CL A
05722G100
518925
8500
SH
SOLE
0
8500
0
BARRICK MINING C
COM SHS
06849F108
5827463
142865
SH
SOLE
0
142865
0
BLUE MOON METALS
COM
09570Q509
324147
50000
SH
SOLE
0
50000
0
BLUE MOON METALS
COM
09570Q509
324147
50000
SH
SOLE
0
50000
0
BOEING CO/THE
COM
097023105
12457686
62592
SH
SOLE
0
62592
0
BOOKING HOLDINGS
COM
09857L108
12664643
3008
SH
SOLE
0
3008
0
BP PLC
SPONSORED ADR
055622104
329000
7000
SH
SOLE
0
7000
0
BUNGE GLOBAL SA
COM SHS
H11356104
508800
4000
SH
SOLE
0
4000
0
BW LPG LTD
COM
Y10230103
879706
49708
SH
SOLE
0
49708
0
CAMECO CORP
COM
13321L108
543050
5000
SH
SOLE
0
5000
0
CARNIVAL CORP
COMMON STOCK
143658300
1358700
52500
SH
SOLE
0
52500
0
CATERPILLAR INC
COM
149123101
708460
1000
SH
SOLE
0
1000
0
CENTERRA GOLD IN
COM
152006102
4064161
228452
SH
SOLE
0
228452
0
CENTERRA GOLD IN
COM
152006102
3738236
210000
SH
SOLE
0
210000
0
CHENIERE ENERGY INC
COM NEW
16411R208
1759312
6200
SH
SOLE
0
6200
0
CME GROUP INC
COM
12572Q105
136156
461
SH
SOLE
0
461
0
COEUR MINING INC
COM NEW
192108504
7330567
390547
SH
SOLE
0
390547
0
COEUR MNG INC
COM NEW
192108504
6557957
349385
SH
SOLE
0
349385
0
COEUR MNG INC
COM NEW
192108504
1406211
74918
SH
SOLE
0
74918
0
COEUR MNG INC
COM NEW
192108504
281550
15000
SH
SOLE
0
15000
0
COLLECTIVE MININ
COM
19425C100
351561
20000
SH
SOLE
0
20000
0
COLLECTIVE MININ
COM
19425C100
263671
15000
SH
SOLE
0
15000
0
CONSTELLATION BRANDS INC
CL A
21036P108
150000
1000
SH
SOLE
0
1000
0
COPA HOLDIN-CL A
CL A
P31076105
3238680
28507
SH
SOLE
0
28507
0
CORE NATURAL RESOURCES INC
COM SHS
218937100
324663
3100
SH
SOLE
0
3100
0
COTERRA ENERGY INC
COM
127097103
702800
20000
SH
SOLE
0
20000
0
DANAOS CORP
SHS
Y1968P121
722924
6418
SH
SOLE
0
6418
0
DELTA AIR LI
COM NEW
247361702
77897674
1171746
SH
SOLE
0
1171746
0
DHT HOLDINGS INC
SHS NEW
Y2065G121
379377
20765
SH
SOLE
0
20765
0
DRDGOLD LIMITED
SPON ADR REPSTG
26152H301
1468500
50000
SH
SOLE
0
50000
0
DRDGOLD LTD-ADR
SPON ADR REPSTG
26152H301
5743157
195545
SH
SOLE
0
195545
0
ELEMENTAL ROYALT
COM NEW
28620K106
2826666
150000
SH
SOLE
0
150000
0
EMBRAER SA-ADR
SPONSORED ADS
29082A107
6707141
113029
SH
SOLE
0
113029
0
ENCORE ENERGY CO
COM NEW
29259W700
90661
50000
SH
SOLE
0
50000
0
ENDEAVOUR SILVER
COM
29258Y103
280184
30000
SH
SOLE
0
30000
0
ENDEAVOUR SILVER
COM
29258Y103
2196644
235200
SH
SOLE
0
235200
0
ENDEAVOUR SILVER
COM
29258Y103
280184
30000
SH
SOLE
0
30000
0
ENERFLEX LTD
COM
29269R105
355640
17000
SH
SOLE
0
17000
0
EQT CORP
COM
26884L109
763680
12000
SH
SOLE
0
12000
0
EXPAND ENERGY CORPORATION
COM
165167735
823350
7500
SH
SOLE
0
7500
0
EXPEDIA GROUP IN
COM NEW
30212P303
12936536
56029
SH
SOLE
0
56029
0
EXPEDITORS INTL
COM
302130109
527946
3686
SH
SOLE
0
3686
0
EXXON MOBIL CORP
COM
30231G102
2969050
17500
SH
SOLE
0
17500
0
FEDEX CORP
COM
31428X106
528927
1485
SH
SOLE
0
1485
0
FERRARI N V
COM
N3167Y103
2682216
7925
SH
SOLE
0
7925
0
FIRST MAJESTIC SILVER CORP
COM
32076V103
1074000
50000
SH
SOLE
0
50000
0
FORTUNA MINING C
COM NEW
349942102
3809645
383650
SH
SOLE
0
383650
0
FRANCO NEV CORP
COM
351858105
617625
2500
SH
SOLE
0
2500
0
FRANCO NEV CORP
COM
351858105
380457
1540
SH
SOLE
0
1540
0
FRANCO-NEVADA CO
COM
351858105
19855409
80370
SH
SOLE
0
80370
0
FRONTIER GROUP H
COM
35909R108
23938384
6781412
SH
SOLE
0
6781412
0
FURY GOLD MINES
COM
36117T100
214060
350000
SH
SOLE
0
350000
0
GENERAL DYNAMICS
COM
369550108
12389212
36097
SH
SOLE
0
36097
0
GLOBAL SHIP-CL A
COM CL A
Y27183600
695829
18690
SH
SOLE
0
18690
0
GLOBAL X FDS
MSCI CHINA CNSMR
37950E408
89460
4500
SH
SOLE
0
4500
0
GOLD FIELDS LTD
SPONSORED ADR
38059T106
6810000
150000
SH
SOLE
0
150000
0
GOLD FIELDS-ADR
SPONSORED ADR
38059T106
7552653
166358
SH
SOLE
0
166358
0
GRUPO AEROPO-ADR
SPON ADR SER B
40051E202
3357266
9988
SH
SOLE
0
9988
0
GRUPO AEROPO-ADR
SPON ADR
400501102
3459110
30150
SH
SOLE
0
30150
0
HAFNIA LTD
SHS
Y2990R101
799360
105179
SH
SOLE
0
105179
0
HALLIBURTON CO
COM
406216101
389900
10000
SH
SOLE
0
10000
0
HARMONY GOLD-ADR
SPONSORED ADR
413216300
6116445
397947
SH
SOLE
0
397947
0
HECLA MINING COMPANY
COM
422704106
1397250
75000
SH
SOLE
0
75000
0
HIGHLANDER SILVE
COM
43087N204
443229
280000
SH
SOLE
0
280000
0
HILTON WORLDWIDE HLDGS INC
COM
43300A203
1292340
4250
SH
SOLE
0
4250
0
HYCROFT MINING HOLDING CORP
CL A NEW
44862P208
316800
9000
SH
SOLE
0
9000
0
IAMGOLD CORP
COM
450913108
10821500
575000
SH
SOLE
0
575000
0
IAMGOLD CORP
COM
450913108
7463654
396581
SH
SOLE
0
396581
0
INTEGRA RES CORP
COM
45826T509
955500
350000
SH
SOLE
0
350000
0
INTEGRA RES CORP
COM
45826T509
117390
43000
SH
SOLE
0
43000
0
IVANHOE ELECTRIC
COM
46578C108
313218
26499
SH
SOLE
0
26499
0
JETBLUE AIRWAYS
COM
477143101
24498009
5542536
SH
SOLE
0
5542536
0
KINROSS GOLD
COM
496902404
5962479
195363
SH
SOLE
0
195363
0
LAS VEGAS SANDS CORP
COM
517834107
657336
12200
SH
SOLE
0
12200
0
LATAM AIRLINES G
SPONSORED ADR
51817R205
6730762
136140
SH
SOLE
0
136140
0
LAUDER ESTEE COS INC
CL A
518439104
933010
13000
SH
SOLE
0
13000
0
LIFE TIME GROUP HOLDINGS INC
COMMON STOCK
53190C102
1107234
41100
SH
SOLE
0
41100
0
MAKEMYTRIP LTD
SHS
V5633W109
5246927
140706
SH
SOLE
0
140706
0
MAKO MINING CORP
COM NEW
56089A400
644697
100000
SH
SOLE
0
100000
0
MARRIOTT INTL INC NEW
CL A
571903202
948503
2900
SH
SOLE
0
2900
0
MATSON INC
COM
57686G105
384111
2343
SH
SOLE
0
2343
0
MCEWEN INC
COM NEW
58039P305
2048496
100000
SH
SOLE
0
100000
0
MELCO RESORTS AND ENTMNT LTD
ADR
585464100
68160
12000
SH
SOLE
0
12000
0
METALLA RTY & STREAMING LTD
COM NEW
59124U605
3315000
500000
SH
SOLE
0
500000
0
METALLA RTY & STREAMING LTD
COM NEW
59124U605
288405
43500
SH
SOLE
0
43500
0
METALLA RTY & STREAMING LTD
COM NEW
59124U605
232050
35000
SH
SOLE
0
35000
0
MGM RESORTS INTERNATIONAL
COM
552953101
92525
2500
SH
SOLE
0
2500
0
NEWMONT CORP
COM
651639106
3986848
36830
SH
SOLE
0
36830
0
NUTRIEN LTD
COM
67077M108
2263800
30000
SH
SOLE
0
30000
0
OR ROYALTIES INC
COM SHS
68390D106
17246823
453625
SH
SOLE
0
453625
0
OR ROYALTIES INC.
COM SHS
68390D106
2661400
70000
SH
SOLE
0
70000
0
OR ROYALTIES INC.
COM SHS
68390D106
418220
11000
SH
SOLE
0
11000
0
ORLA MINING LTD
COM
68634K106
3965597
246374
SH
SOLE
0
246374
0
OSISKO DEVELOPME
COM NEW
68828E809
811268
250000
SH
SOLE
0
250000
0
PAN AMERN SILVER CORP
COM
697900108
4018310
73555
SH
SOLE
0
73555
0
PARAMOUNT GOLD NEV CORP
COM
69924M109
282200
170000
SH
SOLE
0
170000
0
PEABODY ENGR CORP
COM
704551100
283370
8600
SH
SOLE
0
8600
0
PERPETUA RESOURCES CORP
COM
714266103
843600
30000
SH
SOLE
0
30000
0
RANGE RES CORP
COM
75281A109
474390
10500
SH
SOLE
0
10500
0
ROYAL CARIBBEAN GROUP
COM
V7780T103
2347285
8530
SH
SOLE
0
8530
0
ROYAL GOLD INC
COM
780287108
20355383
79985
SH
SOLE
0
79985
0
ROYAL GOLD INC
COM
780287108
319385
1255
SH
SOLE
0
1255
0
RYANAIR HLDG-ADR
SPONSORED ADR
783513203
6022818
104201
SH
SOLE
0
104201
0
SABRE CORP
COM
78573M104
10925614
7534906
SH
SOLE
0
7534906
0
SANTACRUZ SILVER
COM NEW SHS
80280U205
3044683
350000
SH
SOLE
0
350000
0
SANTACRUZ SILVER
COM NEW SHS
80280U205
3755868
431754
SH
SOLE
0
431754
0
SCHLUMBERGER LTD
COM STK
806857108
231255
4500
SH
SOLE
0
4500
0
SEABRIDGE GOLD INC
COM
811916105
566800
20000
SH
SOLE
0
20000
0
SEABRIDGE GOLD INC
COM
811916105
566800
20000
SH
SOLE
0
20000
0
SELECT WATER SOLUTIONS INC
CL A COM
81617J301
153000
10000
SH
SOLE
0
10000
0
SHELL PLC
SPON ADS
780259305
1674000
18000
SH
SOLE
0
18000
0
SIBANYE STILLWATER LTD
SPONSORED ADR
82575P107
3388000
275000
SH
SOLE
0
275000
0
SILVERCORP METAL
COM
82835P103
3948701
367663
SH
SOLE
0
367663
0
SILVERCORP METALS INC
COM
82835P103
2685000
250000
SH
SOLE
0
250000
0
SKYWEST INC
COM
830879102
23654765
257593
SH
SOLE
0
257593
0
SOLITARIO RESOURCES CORP
COM
8342EP107
254200
310000
SH
SOLE
0
310000
0
SOLV ENERGY INC
COM SHS CL A
78475V103
360360
12000
SH
SOLE
0
12000
0
SOUTHWEST AIR
COM
844741108
62680097
1668355
SH
SOLE
0
1668355
0
SSR MINING IN
COM
784730103
3234000
110000
SH
SOLE
0
110000
0
STANDARD LITHIUM LTD
COM
853606101
255750
75000
SH
SOLE
0
75000
0
TAPESTRY INC
COM
876030107
570790
4045
SH
SOLE
0
4045
0
TEEKAY CORP LTD
SHS
G8726T105
767313
62843
SH
SOLE
0
62843
0
TEEKAY TANK-CL A
CL A
G8726X106
394682
5383
SH
SOLE
0
5383
0
TESLA INC
COM
88160R101
2639425
7100
SH
SOLE
0
7100
0
TEXTRON INC
COM
883203101
12254372
139954
SH
SOLE
0
139954
0
THE REALREAL INC
COM
88339P101
290560
32000
SH
SOLE
0
32000
0
TOLL BROTHERS INC
COM
889478103
736938
5400
SH
SOLE
0
5400
0
TORM PLC-A
SHS CL A
G89479102
395957
14192
SH
SOLE
0
14192
0
TOTALENERGIES SE
ACT
F92124100
2001560
22000
SH
SOLE
0
22000
0
TRIP.COM GRO-ADR
ADS
89677Q107
6141248
123343
SH
SOLE
0
123343
0
TRIPADVISOR INC
COM
896945201
14635551
1372941
SH
SOLE
0
1372941
0
TRIPLE FLAG PRECIOUS METAL
COM
89679M104
2082600
60000
SH
SOLE
0
60000
0
UBS GROUP AG
SHS
H42097107
1086146
27800
SH
SOLE
0
27800
0
UNITED AIRLINES
COM
910047109
72238030
784599
SH
SOLE
0
784599
0
UNITED PARCEL-B
CL B
911312106
527022
5357
SH
SOLE
0
5357
0
VALERO ENERGY CORP
COM
91913Y100
741240
3000
SH
SOLE
0
3000
0
VERSAMET ROYALTI
COM NEW
92528V200
2194560
250000
SH
SOLE
0
250000
0
VIKING HOLDINGS LTD
ORD SHS
G93A5A101
906376
12335
SH
SOLE
0
12335
0
VIZSLA SILVER CO
COM NEW
92859G608
829256
250000
SH
SOLE
0
250000
0
VIZSLA SILVER CO
COM NEW
92859G608
2653619
800000
SH
SOLE
0
800000
0
VOX ROYALTY CORP
COM
92919F103
7922880
1512000
SH
SOLE
0
1512000
0
VOX ROYALTY CORP
COM
92919F103
786000
150000
SH
SOLE
0
150000
0
WHEATON PRECIOUS
COM
962879102
3807675
29064
SH
SOLE
0
29064
0
WOODSIDE ENERGY GROUP LTD
SPONSORED ADR
980228308
1791000
75000
SH
SOLE
0
75000
0
ZTO EXPRESS -ADR
SPONSORED ADS A
98980A105
562096
22332
SH
SOLE
0
22332
0