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USGIU

U.S. Global Investors (USGI) Portfolio holdings

AUM $1.04B
1-Year Est. Return 73.31%
This Fund
S&P 500
This Quarter Est. Return
+16.11%
1 Year Est. Return
+73.31%
3 Year Est. Return
+118.98%
5 Year Est. Return
+100.02%
10 Year Est. Return
+261.79%
AUM
$934M
AUM Growth
+$48.2M
Cap. Flow
-$64M
Cap. Flow %
-6.86%
Top 10 Hldgs %
51.32%
Holding
167
New
31
Increased
39
Reduced
32
Closed
38

Top Buys

Rank Stock Value
1
RGLD icon
Royal Gold
RGLD
+$16.8M
2
CGAU
Centerra Gold
CGAU
+$9.04M
3
B
Barrick Mining
B
+$8.07M
4
USAS
Americas Gold and Silver
USAS
+$5.49M
5
GAU
Galiano Gold
GAU
+$5.42M

Top Sells

Rank Stock Value
1
OR icon
OR Royalties Inc
OR
+$20.6M
2
LUV icon
Southwest Airlines
LUV
+$19.4M
3
AAL icon
American Airlines Group
AAL
+$12.4M
4
BTG icon
B2Gold
BTG
+$10.3M
5
SSRM icon
SSR Mining
SSRM
+$10.1M

Sector Composition

Rank Sector Weight
1 Industrials 60.76%
2 Materials 27.91%
3 Consumer Discretionary 8.29%
4 Technology 1.52%
5 Energy 0.85%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WTTR icon
126
Select Water Solutions
WTTR
$2.72B
$105K 0.01%
10,000
– –
CHIQ icon
127
Global X MSCI China Consumer Discretionary ETF
CHIQ
$123M
$95.7K 0.01%
+4,500
New +$101K
AURE
128
Aurelion Inc
AURE
$64.4M
$74.9K 0.01%
+30,000
New +$155K
BIRK icon
129
Birkenstock
BIRK
$6.63B
$61.4K 0.01%
1,500
-6,000
-80% -$254K
ALB icon
130
Albemarle
ALB
$15.2B
– –
-1,000
Closed -$81.1K
ARLP icon
131
Alliance Resource Partners
ARLP
$3.22B
– –
-14,000
Closed -$354K
BCC icon
132
Boise Cascade
BCC
$2.92B
– –
-1,500
Closed -$116K
BTG icon
133
B2Gold
BTG
$6.83B
– –
-2,078,516
Closed -$10.3M
CANG
134
Cango Inc
CANG
$73.4M
– –
-5,000
Closed -$212K
CTVA icon
135
Corteva
CTVA
$50.1B
– –
-6,000
Closed -$406K
DVN icon
136
Devon Energy
DVN
$49.4B
– –
-10,000
Closed -$351K
EMX
137
DELISTED
EMX Royalty
EMX
– –
-500,000
Closed -$2.56M
FCX icon
138
Freeport-McMoran
FCX
$96.7B
– –
-15,000
Closed -$588K
B
139
CALL
Barrick Mining
B
$67.5B
– –
-1,165
Closed -$1.83M
HL icon
140
Hecla Mining
HL
$12.1B
– –
-600,000
Closed -$7.26M
ICL icon
141
ICL Group
ICL
$7.03B
– –
-49,300
Closed -$307K
IP icon
142
International Paper
IP
$21.8B
– –
-7,500
Closed -$348K
LIN icon
143
Linde
LIN
$223B
– –
-800
Closed -$380K
LULU icon
144
lululemon athletica
LULU
$13.9B
– –
-3,200
Closed -$569K
MGM icon
145
MGM Resorts International
MGM
$11.1B
– –
-4,000
Closed -$139K
NCLH icon
146
Norwegian Cruise Line
NCLH
$8.72B
– –
-39,000
Closed -$961K
NEM icon
147
CALL
Newmont
NEM
$126B
– –
-335
Closed -$1.38M
NEM icon
148
Newmont
NEM
$126B
– –
-20,000
Closed -$1.69M
NTRS icon
149
Northern Trust
NTRS
$34.8B
– –
-8,550
Closed -$1.15M
ONON icon
150
On Holding
ONON
$10.3B
– –
-8,650
Closed -$366K
3 4 5
6
7

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SM
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RC
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OPFM
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MSIIA
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CFFNO
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CM
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CIA
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U.S. Global Investors (USGI)'s Q4 2025 Portfolio in Review

As of Q4 2025, U.S. Global Investors (USGI) held 167 positions worth $934M, up 5.4% from $886M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

U.S. Global Investors (USGI) withdrew a net $64M in Q4 2025, closing 38 positions and reducing 32 holdings. Its most notable exit was B2Gold, an estimated $10.3M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 61% of assets, up from 58% a quarter earlier, followed by Materials and Consumer Discretionary.

Against the trend, U.S. Global Investors (USGI) opened a new position in Centerra Gold worth $10.4M.

  • U.S. Global Investors (USGI)'s largest Q4 2025 buy was Centerra Gold: 721,921 shares worth $10.4M.
  • U.S. Global Investors (USGI) added most to Royal Gold in Q4 2025, an estimated $16.8M increase.
  • U.S. Global Investors (USGI)'s biggest Q4 2025 reduction was OR Royalties Inc, cutting an estimated $20.6M.
  • U.S. Global Investors (USGI) fully exited B2Gold in Q4 2025, selling an estimated $10.3M.
  • U.S. Global Investors (USGI)'s ten largest holdings make up 51% of its $934M portfolio in Q4 2025.
  • U.S. Global Investors (USGI) opened 31 new positions and closed 38 in Q4 2025.
  • U.S. Global Investors (USGI)'s portfolio value rose 5.4% quarter-over-quarter to $934M.

Based on U.S. Global Investors (USGI)'s 13F filing for Q4 2025, filed 28 Jan 2026.