U S Global Investors Inc Q2 2026: Major Airline Buys & Silver Mining Activity
U S Global Investors Inc held a portfolio valued at $957 million as of June 30, 2026. The investor showed significant buying activity in several stocks while reducing positions in others.
As of U S Global Investors Inc's latest filing dated June 30, 2026, the investment firm demonstrated notable changes in its portfolio holdings during Q2. The analysis of U S Global Investors Inc's changed_holdings reveals a dynamic period with significant buying and selling activity across various sectors.
Within the industrials sector, which forms the backbone of U S Global Investors Inc's portfolio allocation (70.35%), several major holdings saw changes. The investor notably increased its stake in Southwest Airlines (LUV) by 19.02%, acquiring an additional 317,282 shares during the quarter. Similarly, significant buying was observed in JetBlue Airways (JBLU), with a nearly 8.2% increase in shares (+453,695). Alaska Air Group (ALK) also received substantial new investment, seeing its stake grow by approximately 7.23%. However, the investor simultaneously sold positions in several airline stocks, including American Airlines (AAL), United Airlines (UAL), and Delta Air Lines (DAL). American Airlines saw a reduction of 6.74% in its stake, while United and Delta experienced smaller decreases (-0.49%, -8.26%) but still represent divestment activities by U S Global Investors Inc.
The investor also showed significant interest in the basic materials sector, specifically within precious metals and mining. Endeavour Silver (EXK) experienced a massive 282% increase in its stake during Q2, adding over half a million shares (748,000). This substantial buying was mirrored by purchases of Fortuna Mining Corp (FSM), with an almost 93.8% jump in holdings (+359,941 shares). Furthermore, Wheaton Precious Metals (WPM) saw its stake grow by a staggering 379.72%, indicating strong confidence from U S Global Investors Inc in this area of the market.
In contrast, while maintaining a position in Gold Fields Ltd (GFI) at 0.08% allocation, U S Global Investors Inc sold shares in this company during Q2 (-83.33%). The investor also divested Anglogold Ashanti PLC (AU) entirely, reducing its stake by 88.9% and exiting the position completely.
Turning to technology stocks within U S Global Investors Inc's portfolio (2.22%), Sabre Corp (SABR) was a significant addition, with the investor acquiring shares representing an 18.96% increase in its stake during Q2 (+31.2%). This buying activity aligns with U S Global Investors Inc's noted capability for large purchases.
In the consumer cyclical sector, Booking Holdings (BKNG) was another stock where U S Global Investors Inc significantly increased its position by over 3,275%. This indicates a strong conviction in this type of holding during the quarter.