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U.S. Global Investors, Inc.
Frank Holmes · Asset Manager · Macro
U.S. Global Investors, Inc. is a boutique investment advisory firm headquartered in San Antonio, Texas, with a history spanning over five decades since its founding in 1968. Publicly traded on the Nasdaq under the ticker GROW, the firm is widely recognized for its expertise in niche thematic sectors, particularly precious metals, natural resources, and global transportation. The company manages a diverse suite of mutual funds and exchange-traded funds (ETFs), including the pioneering U.S. Global Jets ETF. Led by CEO and Chief Investment Officer Frank Holmes, the firm focuses on providing investors with specialized research and investment products that capitalize on global macroeconomic shifts and secular growth stories. By blending traditional industry expertise with modern financial technology, U.S. Global Investors aims to deliver unique investment opportunities in sectors that are often under-followed by larger institutional firms.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +19.2% |
| YTD return | -1.6% |
| Sharpe ratio | 3.24 |
| Win rate | 32% |
| AUM | $0.6B |
| Inception | Oct 1, 2025 |
| Updated | Oct 2, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.6B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.usfunds.com/ |
Current Holdings
Updated on Oct 2, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| DAL | Delta Air Lines Inc | 14.2% | +48.0% |
| UAL | United Airlines Holdings Inc | 13.9% | +17.4% |
| LUV | Southwest Airlines Company | 13.2% | +19.9% |
| AAL | American Airlines Group | 13.0% | +10.8% |
| SKYW | SkyWest Inc | 5.3% | -5.8% |
| ULCC | Frontier Group Holdings Inc | 4.6% | +46.6% |
| ALGT | Allegiant Travel Company | 4.3% | +12.9% |
| JBLU | JetBlue Airways Corp | 4.2% | -18.2% |
| ALK | Alaska Air Group Inc | 4.1% | -15.5% |
| SABR | Sabre Corpo | 3.5% | +27.7% |
| EXPE | Expedia Group Inc. | 3.1% | +8.2% |
| BKNG | Booking Holdings Inc | 2.6% | -20.9% |
| GD | General Dynamics Corporation | 2.5% | -7.3% |
| BA | The Boeing Company | 2.3% | -12.7% |
| TXT | Textron Inc | 2.1% | -10.9% |
| TRIP | TripAdvisor Inc | 1.9% | -35.1% |
| CDE | Coeur Mining Inc | 1.3% | -7.0% |
| LTM | LATAM Airlines Group S.A. | 1.3% | -9.5% |
| TKHVY | Turk Hava Yollari AO ADR | 1.3% | +0.0% |
| HMY | Harmony Gold Mining Company Limited | 1.3% | -11.0% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Sep 28, 2026 | BUY | SABR | 3.6% → 3.5% |
| Sep 28, 2026 | SELL | HMY | 1.4% → 1.3% |
| Sep 28, 2026 | BUY | AAL | 12.6% → 13.0% |
| Sep 28, 2026 | BUY | TKHVY | 0.0% → 1.3% |
| Sep 28, 2026 | SELL | LUV | 13.1% → 13.2% |
Investment Style Analysis
U.S. Global Investors, Inc. is widely recognized for employing a Macro strategy. As of Oct 2, 2026, the firm oversees approximately $0.6B in assets under management (AUM). The portfolio demonstrates a clear preference for the Airlines and Travel Services sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Sep 28, U.S. Global Investors, Inc. made a significant move by increasing exposure to SABR. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
The firm employs a "quantamental" investment philosophy, which integrates disciplined quantitative screens with rigorous fundamental research to identify market opportunities. This approach focuses on removing emotional bias through rules-based models while leveraging deep sector knowledge in areas like gold mining and commercial aviation. A central tenet of their strategy is the identification of global macro trends, such as government policy changes, supply-demand imbalances in natural resources, and shifts in global trade. They place significant emphasis on understanding seasonal and economic cycles, as well as the principle of reversion to the mean. The firm prioritizes companies with strong cash flow and high return on capital, seeking to provide investors with exposure to growth-oriented themes through specialized, thematic portfolios that respond to broader macroeconomic indicators.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with U.S. Global Investors, Inc..
Similar Investment Style
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Frequently asked questions
How is the simulated portfolio for U.S. Global Investors, Inc. constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is U.S. Global Investors, Inc.'s largest holding?
As of the latest filing, U.S. Global Investors, Inc.'s top position is Delta Air Lines Inc (DAL), representing 14.2% of the portfolio. This reflects a high-conviction bet by the institution.
What is U.S. Global Investors, Inc.'s historical performance and risk profile?
Our simulation indicates a total return of +19.2% with a win rate of 32%. Notably, the portfolio maintains a Sharpe Ratio of 3.24, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does U.S. Global Investors, Inc. primarily invest in?
U.S. Global Investors, Inc. has a strong preference for the Airlines sector, which makes up 79.4% of their disclosed assets. The portfolio also has exposure to Travel Services, indicating a specific thematic focus.
Is U.S. Global Investors, Inc.'s portfolio concentrated or diversified?
U.S. Global Investors, Inc. runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 41.3% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has U.S. Global Investors, Inc. performed in 2026?
Our AI-simulated model portfolio for U.S. Global Investors, Inc. tracks a Year-to-Date (YTD) return of -1.6%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Frank Holmes manage U.S. Global Investors, Inc. directly?
Yes, Frank Holmes serves as the key portfolio manager for U.S. Global Investors, Inc., overseeing the investment strategy and final capital allocation decisions.