U S GLOBAL INVESTORS INC
CIK 0000754811
Annualised vol
9.075847%
Beta
0.261624
HHI
505.056296
Top-10 weight
59.499755%
VaR 95%
0.783073%
VaR 99%
1.505319%
Max drawdown
19.064793%
Matched value
48.612118%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| UAL | REDUCED | 780,724 | 784,599 | -0.49% | 106,170,657 |
| ALGT | ADDED | 347,245 | 299,225 | 16.05% | 40,836,012 |
| JBLU | ADDED | 5,996,231 | 5,542,536 | 8.19% | 34,358,404 |
| ALK | ADDED | 639,713 | 596,572 | 7.23% | 33,393,019 |
| SKYW | ADDED | 333,087 | 257,593 | 29.31% | 33,085,532 |
| SABR | ADDED | 9,885,943 | 7,534,906 | 31.2% | 20,661,621 |
| TRIP | ADDED | 1,393,974 | 1,372,941 | 1.53% | 19,111,384 |
| OR | ADDED | 580,723 | 534,625 | 8.62% | 18,368,268 |
| BKNG | ADDED | 101,546 | 3,008 | 3275.86% | 18,099,559 |
| GD | ADDED | 46,295 | 36,097 | 28.25% | 16,399,541 |
| FNV | REDUCED | 78,532 | 80,370 | -2.29% | 16,369,210 |
| TXT | ADDED | 177,167 | 139,954 | 26.59% | 16,251,529 |
| BA | ADDED | 74,907 | 62,592 | 19.68% | 16,215,118 |
| IAG | REDUCED | 878,486 | 971,581 | -9.58% | 13,915,218 |
| EXK | ADDED | 1,043,200 | 295,200 | 253.39% | 8,642,362 |
| VOXR | UNCHANGED | 1,662,000 | 1,662,000 | 0.0% | 7,861,260 |
| FSM | ADDED | 743,591 | 383,650 | 93.82% | 6,283,344 |
| ARIS | ADDED | 400,000 | 340,000 | 17.65% | 5,952,716 |
| MMYT | REDUCED | 99,379 | 140,706 | -29.37% | 5,295,907 |
| AEM | UNCHANGED | 30,000 | 30,000 | 0.0% | 4,653,900 |
| NEM | ADDED | 49,739 | 36,830 | 35.05% | 4,645,623 |
| VZLA | UNCHANGED | 1,050,000 | 1,050,000 | 0.0% | 3,442,865 |
| AUGO | REDUCED | 50,000 | 100,000 | -50.0% | 3,147,500 |
| AGI | REDUCED | 100,000 | 201,021 | -50.25% | 3,034,000 |
| RACE | UNCHANGED | 7,925 | 7,925 | 0.0% | 2,950,398 |
| TSLA | REDUCED | 6,450 | 7,100 | -9.15% | 2,712,870 |
| SVM | UNCHANGED | 250,000 | 250,000 | 0.0% | 2,525,000 |
| WDS | ADDED | 125,000 | 75,000 | 66.67% | 2,415,000 |
| SBSW | UNCHANGED | 275,000 | 275,000 | 0.0% | 2,334,750 |
| VIK | ADDED | 18,935 | 12,335 | 53.51% | 1,981,926 |
| MUX | UNCHANGED | 100,000 | 100,000 | 0.0% | 1,816,775 |
| AMZN | REDUCED | 7,500 | 9,500 | -21.05% | 1,787,550 |
| TTE | UNCHANGED | 22,000 | 22,000 | 0.0% | 1,710,720 |
| NTR | REDUCED | 25,000 | 30,000 | -16.67% | 1,573,750 |
| CCL | UNCHANGED | 52,500 | 52,500 | 0.0% | 1,499,925 |
| LNG | UNCHANGED | 6,200 | 6,200 | 0.0% | 1,481,862 |
| SHEL | UNCHANGED | 18,000 | 18,000 | 0.0% | 1,395,720 |
| AXP | NEW | 3,930 | - | - | 1,329,323 |
| LTH | REDUCED | 31,600 | 41,100 | -23.11% | 1,290,544 |
| BMM | ADDED | 200,000 | 100,000 | 100.0% | 1,266,536 |
| OGC | NEW | 50,000 | - | - | 1,250,704 |
| UBS | REDUCED | 22,300 | 27,800 | -19.78% | 1,105,188 |
| CAT | UNCHANGED | 1,000 | 1,000 | 0.0% | 1,064,900 |
| TOL | ADDED | 6,300 | 5,400 | 16.67% | 1,037,925 |
| DHT | ADDED | 54,236 | 20,765 | 161.19% | 896,521 |
| GFI | REDUCED | 25,000 | 316,358 | -92.1% | 839,750 |
| LVS | ADDED | 17,700 | 12,200 | 45.08% | 817,563 |
| AU | REDUCED | 10,000 | 90,000 | -88.89% | 808,900 |
| BX | NEW | 6,300 | - | - | 741,321 |
| MAKO | UNCHANGED | 100,000 | 100,000 | 0.0% | 733,887 |
| STNG | NEW | 9,480 | - | - | 656,585 |
| PPTA | UNCHANGED | 30,000 | 30,000 | 0.0% | 622,800 |
| TK | REDUCED | 61,009 | 62,843 | -2.92% | 610,090 |
| TPR | UNCHANGED | 4,045 | 4,045 | 0.0% | 592,107 |
| BWLP | REDUCED | 33,953 | 49,708 | -31.7% | 590,874 |
| AAPL | NEW | 2,000 | - | - | 578,720 |
| FDX | ADDED | 1,618 | 1,485 | 8.96% | 506,644 |
| IE | ADDED | 51,499 | 26,499 | 94.34% | 494,905 |
| SIND | NEW | 35,000 | - | - | 420,000 |
| EFXT | UNCHANGED | 17,000 | 17,000 | 0.0% | 416,670 |
| MWH | UNCHANGED | 12,000 | 12,000 | 0.0% | 408,600 |
| AR | UNCHANGED | 10,000 | 10,000 | 0.0% | 351,400 |
| DAC | REDUCED | 2,804 | 6,418 | -56.31% | 343,125 |
| HAL | UNCHANGED | 10,000 | 10,000 | 0.0% | 339,500 |
| HAFN | REDUCED | 50,084 | 105,179 | -52.38% | 332,558 |
| ESEA | NEW | 5,000 | - | - | 331,850 |
| FRVO | NEW | 10,000 | - | - | 292,300 |
| BKR | REDUCED | 5,000 | 8,500 | -41.18% | 277,500 |
| BP | UNCHANGED | 7,000 | 7,000 | 0.0% | 258,650 |
| CCJ | REDUCED | 2,500 | 5,000 | -50.0% | 254,650 |
| RGLD | REDUCED | 1,255 | 81,240 | -98.46% | 250,511 |
| MGM | ADDED | 5,100 | 2,500 | 104.0% | 243,831 |
| XPL | UNCHANGED | 310,000 | 310,000 | 0.0% | 233,244 |
| WTTR | UNCHANGED | 10,000 | 10,000 | 0.0% | 199,800 |
| STZ | UNCHANGED | 1,000 | 1,000 | 0.0% | 139,090 |
| CME | UNCHANGED | 461 | 461 | 0.0% | 101,803 |
| CDE | CLOSED OUT | 0 | 390,547 | -100.0% | 0 |
| FURY | CLOSED OUT | 0 | 350,000 | -100.0% | 0 |
| DRD | CLOSED OUT | 0 | 245,545 | -100.0% | 0 |
| KGC | CLOSED OUT | 0 | 195,363 | -100.0% | 0 |
| B | CLOSED OUT | 0 | 142,865 | -100.0% | 0 |
| SLI | CLOSED OUT | 0 | 75,000 | -100.0% | 0 |
| EU | CLOSED OUT | 0 | 50,000 | -100.0% | 0 |
| AG | CLOSED OUT | 0 | 50,000 | -100.0% | 0 |
| SA | CLOSED OUT | 0 | 40,000 | -100.0% | 0 |
| TRMD | CLOSED OUT | 0 | 14,192 | -100.0% | 0 |
| EQT | CLOSED OUT | 0 | 12,000 | -100.0% | 0 |
| HYMC | CLOSED OUT | 0 | 9,000 | -100.0% | 0 |
| EXE | CLOSED OUT | 0 | 7,500 | -100.0% | 0 |
| BG | CLOSED OUT | 0 | 4,000 | -100.0% | 0 |
| CNR | CLOSED OUT | 0 | 3,100 | -100.0% | 0 |
| MATX | CLOSED OUT | 0 | 2,343 | -100.0% | 0 |
| AA | CLOSED OUT | 0 | 1,000 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| - | AMERICAN AIRLINE | COM | 02376R102 | 108,441,178 | 10.43 | 6001172.0 | |
| UAL | REDUCED | UNITED AIRLINES | COM | 910047109 | 106,170,657 | 10.21 | 780724.0 |
| - | SOUTHWEST AIR | COM | 844741108 | 102,101,455 | 9.82 | 1985637.0 | |
| - | DELTA AIR LI | COM NEW | 247361702 | 100,685,718 | 9.68 | 1075013.0 | |
| ALGT | ADDED | ALLEGIANT TRAVEL | COM | 01748X102 | 40,836,012 | 3.93 | 347245.0 |
| - | FRONTIER GROUP H | COM | 35909R108 | 38,874,921 | 3.74 | 4914655.0 | |
| JBLU | ADDED | JETBLUE AIRWAYS | COM | 477143101 | 34,358,404 | 3.3 | 5996231.0 |
| ALK | ADDED | ALASKA AIR GROUP | COM | 011659109 | 33,393,019 | 3.21 | 639713.0 |
| SKYW | ADDED | SKYWEST INC | COM | 830879102 | 33,085,532 | 3.18 | 333087.0 |
| SABR | ADDED | SABRE CORP | COM | 78573M104 | 20,661,621 | 1.99 | 9885943.0 |
| TRIP | ADDED | TRIPADVISOR INC | COM | 896945201 | 19,111,384 | 1.84 | 1393974.0 |
| - | EXPEDIA GROUP IN | COM NEW | 30212P303 | 18,919,767 | 1.82 | 73940.0 | |
| BKNG | ADDED | BOOKING HOLDINGS | COM | 09857L108 | 18,099,559 | 1.74 | 101546.0 |
| GD | ADDED | GENERAL DYNAMICS | COM | 369550108 | 16,399,541 | 1.58 | 46295.0 |
| FNV | REDUCED | FRANCO-NEVADA CO | COM | 351858105 | 16,369,210 | 1.57 | 78532.0 |
| TXT | ADDED | TEXTRON INC | COM | 883203101 | 16,251,529 | 1.56 | 177167.0 |
| BA | ADDED | BOEING CO/THE | COM | 097023105 | 16,215,118 | 1.56 | 74907.0 |
| OR | ADDED | OR ROYALTIES INC | COM SHS | 68390D106 | 15,758,793 | 1.52 | 498223.0 |
| - | WHEATON PRECIOUS | COM | 962879102 | 15,660,328 | 1.51 | 139426.0 | |
| - | AYA GOLD & SILVE | COM | 05466C109 | 14,647,129 | 1.41 | 775000.0 | |
| - | AMERICAS GOLD AN | COM NEW | 03062D803 | 11,331,269 | 1.09 | 2400000.0 | |
| - | LATAM AIRLINES G | SPONSORED ADR | 51817R205 | 9,393,007 | 0.9 | 161198.0 | |
| IAG | REDUCED | IAMGOLD CORP | COM | 450913108 | 9,108,000 | 0.88 | 575000.0 |
| - | RYANAIR HLDG-ADR | SPONSORED ADR | 783513203 | 9,049,007 | 0.87 | 139753.0 | |
| VOXR | UNCHANGED | VOX ROYALTY CORP | COM | 92919F103 | 7,151,760 | 0.69 | 1512000.0 |
| - | TRIP.COM GRO-ADR | ADS | 89677Q107 | 6,982,757 | 0.67 | 175270.0 | |
| - | AYA GOLD & SILVE | COM | 05466C109 | 6,614,833 | 0.64 | 350000.0 | |
| - | HARMONY GOLD-ADR | SPONSORED ADR | 413216300 | 6,519,721 | 0.63 | 428647.0 | |
| FSM | ADDED | FORTUNA MINING C | COM NEW | 349942102 | 6,283,344 | 0.6 | 743591.0 |
| - | BARRICK MNG CORP | COM SHS | 06849F108 | 6,244,100 | 0.6 | 170000.0 | |
| EXK | ADDED | ENDEAVOUR SILVER | COM | 29258Y103 | 6,193,440 | 0.6 | 748000.0 |
| ARIS | ADDED | ARIS MINING CORP | COM | 04040Y109 | 5,952,716 | 0.57 | 400000.0 |
| - | COEUR MNG INC | COM NEW | 192108504 | 5,701,963 | 0.55 | 349385.0 | |
| MMYT | REDUCED | MAKEMYTRIP LTD | SHS | V5633W109 | 5,295,907 | 0.51 | 99379.0 |
| IAG | REDUCED | IAMGOLD CORP | COM | 450913108 | 4,807,218 | 0.46 | 303486.0 |
| - | CENTERRA GOLD IN | COM | 152006102 | 4,747,397 | 0.46 | 300000.0 | |
| - | GRUPO AEROPO-ADR | SPON ADR | 400501102 | 4,733,608 | 0.46 | 41857.0 | |
| - | EMBRAER SA-ADR | SPONSORED ADS | 29082A107 | 4,720,052 | 0.45 | 73982.0 | |
| AEM | UNCHANGED | AGNICO EAGLE MINES LTD | COM | 008474108 | 4,653,900 | 0.45 | 30000.0 |
| NEM | ADDED | NEWMONT CORP | COM | 651639106 | 4,645,623 | 0.45 | 49739.0 |
| - | COPA HOLDIN-CL A | CL A | P31076105 | 4,641,120 | 0.45 | 29833.0 | |
| - | PAN AMER SILVER | COM | 697900108 | 4,613,370 | 0.44 | 103000.0 | |
| - | GRUPO AEROPO-ADR | SPON ADR SER B | 40051E202 | 4,485,181 | 0.43 | 14624.0 | |
| - | METALLA RTY & STREAMING LTD | COM NEW | 59124U605 | 3,805,000 | 0.37 | 500000.0 | |
| - | TRIPLE FLAG | COM | 89679M104 | 3,356,640 | 0.32 | 112000.0 | |
| - | PAN AMERN SILVER CORP | COM | 697900108 | 3,294,528 | 0.32 | 73555.0 | |
| - | AVINO SILVER | COM | 053906103 | 3,226,077 | 0.31 | 510000.0 | |
| AUGO | REDUCED | AURA MINERALS INC | SHS NEW | G06973112 | 3,147,500 | 0.3 | 50000.0 |
| - | SSR MINING IN | COM | 784730103 | 3,110,800 | 0.3 | 110000.0 | |
| AGI | REDUCED | ALAMOS GOLD INC NEW | COM CL A | 011532108 | 3,034,000 | 0.29 | 100000.0 |
| RACE | UNCHANGED | FERRARI N V | COM | N3167Y103 | 2,950,398 | 0.28 | 7925.0 |
| TSLA | REDUCED | TESLA INC | COM | 88160R101 | 2,712,870 | 0.26 | 6450.0 |
| - | ROYAL CARIBBEAN GROUP | COM | V7780T103 | 2,708,531 | 0.26 | 8530.0 | |
| VZLA | UNCHANGED | VIZSLA SILVER CO | COM NEW | 92859G608 | 2,623,135 | 0.25 | 800000.0 |
| SVM | UNCHANGED | SILVERCORP METALS INC | COM | 82835P103 | 2,525,000 | 0.24 | 250000.0 |
| WDS | ADDED | WOODSIDE ENERGY GROUP LTD | SPONSORED ADR | 980228308 | 2,415,000 | 0.23 | 125000.0 |
| SBSW | UNCHANGED | SIBANYE STILLWATER LTD | SPONSORED ADR | 82575P107 | 2,334,750 | 0.22 | 275000.0 |
| - | SANTACRUZ SILVER | COM NEW SHS | 80280U205 | 2,265,691 | 0.22 | 350000.0 | |
| OR | ADDED | OR ROYALTIES INC. | COM SHS | 68390D106 | 2,214,100 | 0.21 | 70000.0 |
| - | VERSAMET ROYALTI | COM NEW | 92528V200 | 2,146,074 | 0.21 | 250000.0 | |
| VIK | ADDED | VIKING HOLDINGS LTD | ORD SHS | G93A5A101 | 1,981,926 | 0.19 | 18935.0 |
| EXK | ADDED | ENDEAVOUR SILVER | COM | 29258Y103 | 1,951,174 | 0.19 | 235200.0 |
| MUX | UNCHANGED | MCEWEN INC | COM NEW | 58039P305 | 1,816,775 | 0.17 | 100000.0 |
| - | TRIPLE FLAG PRECIOUS METAL | COM | 89679M104 | 1,798,200 | 0.17 | 60000.0 | |
| AMZN | REDUCED | AMAZON COM INC | COM | 023135106 | 1,787,550 | 0.17 | 7500.0 |
| TTE | UNCHANGED | TOTALENERGIES SE | ACT | F92124100 | 1,710,720 | 0.16 | 22000.0 |
| NTR | REDUCED | NUTRIEN LTD | COM | 67077M108 | 1,573,750 | 0.15 | 25000.0 |
| - | HIGHLANDER SILVE | COM | 43087N204 | 1,523,009 | 0.15 | 325000.0 | |
| CCL | UNCHANGED | CARNIVAL CORP LTD | COMMON SHARES | G2004J103 | 1,499,925 | 0.14 | 52500.0 |
| LNG | UNCHANGED | CHENIERE ENERGY INC | COM NEW | 16411R208 | 1,481,862 | 0.14 | 6200.0 |
| SHEL | UNCHANGED | SHELL PLC | SPON ADS | 780259305 | 1,395,720 | 0.13 | 18000.0 |
| AXP | NEW | AMERICAN EXPRESS CO | COM | 025816109 | 1,329,323 | 0.13 | 3930.0 |
| - | HILTON WORLDWIDE HLDGS INC | COM | 43300A203 | 1,305,317 | 0.13 | 3950.0 | |
| LTH | REDUCED | LIFE TIME GROUP HOLDINGS INC | COMMON STOCK | 53190C102 | 1,290,544 | 0.12 | 31600.0 |
| OGC | NEW | OCEANAGOLD CORP | COM NEW | 675222400 | 1,250,704 | 0.12 | 50000.0 |
| - | LAUDER ESTEE COS INC | CL A | 518439104 | 1,247,410 | 0.12 | 15800.0 | |
| - | COEUR MNG INC | COM NEW | 192108504 | 1,222,662 | 0.12 | 74918.0 | |
| - | EXXON MOBIL CORP | COM | 30231G102 | 1,162,120 | 0.11 | 8500.0 | |
| - | HECLA MINING COMPANY | COM | 422704106 | 1,157,250 | 0.11 | 75000.0 | |
| UBS | REDUCED | UBS GROUP AG | SHS | H42097107 | 1,105,188 | 0.11 | 22300.0 |
| CAT | UNCHANGED | CATERPILLAR INC | COM | 149123101 | 1,064,900 | 0.1 | 1000.0 |
| - | AMERICAS GOLD AN | COM NEW | 03062D803 | 1,062,307 | 0.1 | 225000.0 | |
| TOL | ADDED | TOLL BROTHERS INC | COM | 889478103 | 1,037,925 | 0.1 | 6300.0 |
| - | MARRIOTT INTL INC NEW | CL A | 571903202 | 945,005 | 0.09 | 2550.0 | |
| DHT | ADDED | DHT HOLDINGS INC | SHS NEW | Y2065G121 | 896,521 | 0.09 | 54236.0 |
| - | INTERNATIONAL SE | COM | Y41053102 | 852,447 | 0.08 | 11130.0 | |
| GFI | REDUCED | GOLD FIELDS LTD | SPONSORED ADR | 38059T106 | 839,750 | 0.08 | 25000.0 |
| VZLA | UNCHANGED | VIZSLA SILVER CO | COM NEW | 92859G608 | 819,730 | 0.08 | 250000.0 |
| LVS | ADDED | LAS VEGAS SANDS CORP | COM | 517834107 | 817,563 | 0.08 | 17700.0 |
| AU | REDUCED | ANGLOGOLD ASHANTI PLC | COM SHS | G0378L100 | 808,900 | 0.08 | 10000.0 |
| - | INTEGRA RES CORP | COM | 45826T509 | 794,500 | 0.08 | 350000.0 | |
| BX | NEW | BLACKSTONE INC | COM | 09260D107 | 741,321 | 0.07 | 6300.0 |
| MAKO | UNCHANGED | MAKO MINING CORP | COM NEW | 56089A400 | 733,887 | 0.07 | 100000.0 |
| - | SUNSHINE SILVER MNG & REFNG | COMMON STOCK | 867866105 | 727,100 | 0.07 | 55000.0 | |
| VOXR | UNCHANGED | VOX ROYALTY CORP | COM | 92919F103 | 709,500 | 0.07 | 150000.0 |
| - | GLOBAL SHIP-CL A | COM CL A | Y27183600 | 705,602 | 0.07 | 18766.0 | |
| STNG | NEW | SCORPIO TANKERS | SHS | Y7542C130 | 656,585 | 0.06 | 9480.0 |
| - | AVINO SILVER & GOLD MINES LT | COM | 053906103 | 634,000 | 0.06 | 100000.0 | |
| BMM | ADDED | BLUE MOON METALS | COM | 09570Q509 | 633,268 | 0.06 | 100000.0 |
| BMM | ADDED | BLUE MOON METALS | COM | 09570Q509 | 633,268 | 0.06 | 100000.0 |
| PPTA | UNCHANGED | PERPETUA RESOURCES CORP | COM | 714266103 | 622,800 | 0.06 | 30000.0 |
| TK | REDUCED | TEEKAY CORP LTD | SHS | G8726T105 | 610,090 | 0.06 | 61009.0 |
| - | OSISKO DEVELOPMENT CORP | COM NEW | 68828E809 | 606,882 | 0.06 | 250000.0 | |
| TPR | UNCHANGED | TAPESTRY INC | COM | 876030107 | 592,107 | 0.06 | 4045.0 |
| BWLP | REDUCED | BW LPG LTD | COM | Y10230103 | 590,874 | 0.06 | 33953.0 |
| AAPL | NEW | APPLE INC | COM | 037833100 | 578,720 | 0.06 | 2000.0 |
| - | ZTO EXPRESS -ADR | SPONSORED ADS A | 98980A105 | 543,744 | 0.05 | 24296.0 | |
| - | UNITED PARCEL-B | CL B | 911312106 | 541,155 | 0.05 | 5034.0 | |
| - | EXPEDITORS INTL | COM | 302130109 | 535,552 | 0.05 | 3286.0 | |
| FDX | ADDED | FEDEX CORP | COM | 31428X106 | 506,644 | 0.05 | 1618.0 |
| IE | ADDED | IVANHOE ELECTRIC | COM | 46578C108 | 494,905 | 0.05 | 51499.0 |
| - | METALLA RTY & STREAMING LTD | COM NEW | 59124U605 | 445,185 | 0.04 | 58500.0 | |
| - | FRANCO NEV CORP | COM | 351858105 | 435,640 | 0.04 | 2090.0 | |
| SIND | NEW | SINDA LTD | COMMON STOCK | G81569108 | 420,000 | 0.04 | 35000.0 |
| EFXT | UNCHANGED | ENERFLEX LTD | COM | 29269R105 | 416,670 | 0.04 | 17000.0 |
| MWH | UNCHANGED | SOLV ENERGY INC | COM SHS CL A | 78475V103 | 408,600 | 0.04 | 12000.0 |
| OR | ADDED | OR ROYALTIES INC. | COM SHS | 68390D106 | 395,375 | 0.04 | 12500.0 |
| - | VALERO ENERGY CORP | COM | 91913Y100 | 390,660 | 0.04 | 1500.0 | |
| - | RANGE RES CORP | COM | 75281A109 | 390,495 | 0.04 | 10500.0 | |
| - | THE REALREAL INC | COM | 88339P101 | 377,280 | 0.04 | 32000.0 | |
| AR | UNCHANGED | ANTERO RESOURCES CORP | COM | 03674X106 | 351,400 | 0.03 | 10000.0 |
| DAC | REDUCED | DANAOS CORP | SHS | Y1968P121 | 343,125 | 0.03 | 2804.0 |
| HAL | UNCHANGED | HALLIBURTON CO | COM | 406216101 | 339,500 | 0.03 | 10000.0 |
| HAFN | REDUCED | HAFNIA LTD | SHS | Y2990R101 | 332,558 | 0.03 | 50084.0 |
| ESEA | NEW | EUROSEAS LTD | SHS | Y23592135 | 331,850 | 0.03 | 5000.0 |
| - | TEEKAY TANK-CL A | CL A | G8726X106 | 326,296 | 0.03 | 5030.0 | |
| FRVO | NEW | FERVO ENERGY CO | CL A COM | 31556C106 | 292,300 | 0.03 | 10000.0 |
| BKR | REDUCED | BAKER HUGHES COMPANY | CL A | 05722G100 | 277,500 | 0.03 | 5000.0 |
| - | AMERICAN ELEC PWR CO INC | COM | 025537101 | 273,620 | 0.03 | 2000.0 | |
| BP | UNCHANGED | BP PLC | SPONSORED ADR | 055622104 | 258,650 | 0.02 | 7000.0 |
| CCJ | REDUCED | CAMECO CORP | COM | 13321L108 | 254,650 | 0.02 | 2500.0 |
| RGLD | REDUCED | ROYAL GOLD INC | COM | 780287108 | 250,511 | 0.02 | 1255.0 |
| EXK | ADDED | ENDEAVOUR SILVER | COM | 29258Y103 | 248,874 | 0.02 | 30000.0 |
| EXK | ADDED | ENDEAVOUR SILVER | COM | 29258Y103 | 248,874 | 0.02 | 30000.0 |
| - | COLLECTIVE MININ | COM | 19425C100 | 245,567 | 0.02 | 20000.0 | |
| - | COEUR MNG INC | COM NEW | 192108504 | 244,800 | 0.02 | 15000.0 | |
| MGM | ADDED | MGM RESORTS INTERNATIONAL | COM | 552953101 | 243,831 | 0.02 | 5100.0 |
| XPL | UNCHANGED | SOLITARIO RESOURCES CORP | COM | 8342EP107 | 233,244 | 0.02 | 310000.0 |
| - | PARAMOUNT GOLD NEV CORP | COM | 69924M109 | 228,000 | 0.02 | 200000.0 | |
| - | SCHLUMBERGER LTD | COM STK | 806857108 | 209,205 | 0.02 | 4500.0 | |
| WTTR | UNCHANGED | SELECT WATER SOLUTIONS INC | CL A COM | 81617J301 | 199,800 | 0.02 | 10000.0 |
| - | COLLECTIVE MININ | COM | 19425C100 | 184,175 | 0.02 | 15000.0 | |
| STZ | UNCHANGED | CONSTELLATION BRANDS INC | CL A | 21036P108 | 139,090 | 0.01 | 1000.0 |
| CME | UNCHANGED | CME GROUP INC | COM | 12572Q105 | 101,803 | 0.01 | 461.0 |
| - | GLOBAL X FDS | MSCI CHINA CNSMR | 37950E408 | 71,145 | 0.01 | 4500.0 | |
| - | MELCO RESORTS AND ENTMNT LTD | ADR | 585464100 | 63,240 | 0.01 | 12000.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-07-27 | 1,039,682,456 | 146 | 9.075847 | 0.261624 | 19.064793 |
| 2026-03-31 | 2026-05-01 | 857,577,723 | 162 | 8.889992 | 0.25366 | 17.164832 |
| 2025-12-31 | 2026-01-28 | 933,957,324 | 158 | 8.678723 | 0.25369 | 18.496635 |
| 2025-09-30 | 2025-10-21 | 885,802,999 | 171 | 8.242344 | 0.233864 | 16.5259 |
| 2025-03-31 | 2025-04-24 | 757,358,073 | 170 | 9.090217 | 0.275432 | 20.694629 |
| 2024-12-31 | 2025-02-05 | 1,008,669,401 | 160 | 9.922976 | 0.289388 | 22.633836 |