U S GLOBAL INVESTORS INC
SEC Form 13F institutional filer · CIK 0000754811
13F-HR · 34 reported holdings · 2026-03-31
Reported long-US-equity value
$0.30B
Top-10 concentration
93.7%
U S GLOBAL INVESTORS INC — $301M AUM allocation strategy
U S GLOBAL INVESTORS INC files SEC Form 13F and reports $301M of long US equity value across 34 reported holdings for 2026-03-31.
Its largest sector bet is Industrials 83.1%, followed by Consumer Discretionary 12.0% and Energy 1.8%.
The top 10 holdings account for 94% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
U S GLOBAL INVESTORS INC — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$301M
total across 34 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
94% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$XOM +4K sh · +$1.34M+$VLO +2K sh · +$578K+$UPS +1.98K sh · +$192K
Biggest trims (shares)
−$LUV −439K sh · −$24.4M−$DAL −45K sh · −$6.54M−$TXT −44K sh · −$3.78M
Exited to nil (held last quarter, gone now)
$GS ($2.09M last qtr)$J ($464K last qtr)$FSLR ($392K last qtr)$STLD ($254K last qtr)$ES ($202K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Passenger Airlines70.6%—
- Aerospace & Defense12.3%—
- Hotels, Resorts & Cruise Lines10.5%—
- Gold1.3%—
- Integrated Oil & Gas1.0%—
- Automobile Manufacturers0.9%—
- Broadline Retail0.7%—
- Oil & Gas Exploration & Production0.5%—
- Other holdings2.3%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $DAL | Delta Air Lines Inc | 1.17M | $77.9M | -45K | 25.8% |
| $UAL | United Airlines Holdings Inc | 785K | $72.2M | -7.48K | 24.0% |
| $LUV | Southwest Airlines Company | 1.67M | $62.7M | -439K | 20.8% |
| $EXPE | Expedia Group Inc | 56K | $12.9M | -783 | 4.3% |
| $BKNG | Booking Holdings Inc | 3.01K | $12.7M | -22 | 4.2% |
| $BA | Boeing Company | 62.6K | $12.5M | -14.7K | 4.1% |
| $GD | General Dynamics Corporation | 36.1K | $12.4M | -10.7K | 4.1% |
| $TXT | Textron Inc | 140K | $12.3M | -44K | 4.1% |
| $NEM | Newmont Corporation | 36.8K | $3.99M | — | 1.3% |
| $XOM | ExxonMobil Holdings Corporation | 17.5K | $2.97M | +4K | 1.0% |
…and 24 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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