U.S. Global Investors Boosts Gold Holdings in Q4 2023
Ticker: GROW · Form: 13F-HR · Filed: Jan 23, 2024 · CIK: 754811
Complexity: simple
Sentiment: bullish
Topics: institutional-holdings, gold-mining, portfolio-update, commodity-exposure
Related Tickers: HMY, IAG, AGI, AEM, FNV
TL;DR
**U.S. Global Investors went big on gold and mining stocks in Q4 2023, signaling a bullish bet on the sector.**
AI Summary
U.S. Global Investors Inc. filed its 13F-HR on January 23, 2024, revealing its holdings as of December 31, 2023. The firm significantly increased its stake in gold and mining companies, holding 500,000 shares of Harmony Gold Mining Co Ltd valued at $3,075,000 and 300,000 shares of IAMGOLD Corp valued at $759,000. This matters to investors because it signals a strong bullish conviction in the gold sector, potentially indicating a belief in rising gold prices or a hedge against economic uncertainty.
Why It Matters
This filing shows U.S. Global Investors' investment strategy, highlighting their increased exposure to gold and mining stocks, which could influence other investors' decisions in the sector.
Risk Assessment
Risk Level: medium — The firm's significant concentration in gold and mining stocks introduces commodity price risk and sector-specific volatility.
Analyst Insight
A smart investor would consider researching the gold and precious metals sector, particularly the companies U.S. Global Investors Inc. has invested in, to understand the potential drivers behind their bullish stance and evaluate if it aligns with their own investment thesis.
Key Numbers
- $3,075,000 — Value of Harmony Gold Mining Co Ltd shares (Represents the largest single holding by value in the portfolio as of December 31, 2023.)
- 500,000 SH — Shares of Harmony Gold Mining Co Ltd (Indicates a substantial position in a major gold producer.)
- 300,000 SH — Shares of IAMGOLD Corp (Shows another significant investment in the gold mining sector.)
- 225,000 SH — Shares of Alamos Gold Inc New (Highlights another notable holding in a gold company.)
- 150,000 SH — Shares of Denison Mines Corp (Indicates an investment in the uranium mining sector.)
Key Players & Entities
- U S GLOBAL INVESTORS INC (company) — the investment adviser filing the 13F-HR
- Lisa Callicotte (person) — CFO of U S GLOBAL INVESTORS INC, who signed the filing
- Harmony Gold Mining Co Ltd (company) — a significant holding with 500,000 shares
- IAMGOLD Corp (company) — a significant holding with 300,000 shares
- $3,075,000 (dollar_amount) — value of Harmony Gold Mining Co Ltd shares held
- $759,000 (dollar_amount) — value of IAMGOLD Corp shares held
- December 31, 2023 (date) — the period of report for the holdings
Forward-Looking Statements
- U.S. Global Investors Inc. will continue to maintain a significant allocation to gold and precious metals mining companies in its next filing. (U S GLOBAL INVESTORS INC) — high confidence, target: April 2024 (next 13F-HR filing)
- The firm's strong conviction in gold may lead to increased investor interest in the gold mining sector. (gold mining sector) — medium confidence, target: Q1 2024
FAQ
What was the total number of shares U.S. Global Investors Inc. held in Harmony Gold Mining Co Ltd as of December 31, 2023?
U.S. Global Investors Inc. held 500,000 shares of Harmony Gold Mining Co Ltd as of December 31, 2023, valued at $3,075,000.
Which company represented the largest dollar value holding for U.S. Global Investors Inc. in this filing?
Harmony Gold Mining Co Ltd represented the largest dollar value holding for U.S. Global Investors Inc. in this filing, with a value of $3,075,000 for 500,000 shares.
Who signed the 13F-HR filing for U.S. Global Investors Inc. and what is their role?
The 13F-HR filing for U.S. Global Investors Inc. was signed by Lisa Callicotte, who is the CFO of the company.
What was the total number of shares U.S. Global Investors Inc. held in IAMGOLD Corp as of December 31, 2023?
U.S. Global Investors Inc. held 300,000 shares of IAMGOLD Corp as of December 31, 2023, valued at $759,000.
What was the filing date of this 13F-HR report?
The filing date of this 13F-HR report was January 23, 2024, with the period of report being December 31, 2023.
Filing Stats: 380 words · 2 min read · ~1 pages · Grade level 11.8 · Accepted 2024-01-23 14:15:31
Filing Documents
- primary_doc.html (13F-HR)
- primary_doc.xml (13F-HR) — 2KB
- F13InfoTable_64902.html (INFORMATION TABLE)
- F13InfoTable_64902.xml (INFORMATION TABLE) — 69KB
- 0001437749-24-001936.txt ( ) — 72KB
From the Filing
SEC FORM 13F-HR The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete. The reader should not assume that the information is accurate and complete. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE OMB APPROVAL OMB Number: 3235-0006 Estimated average burden hours per response: 23.8 Report for the Calendar Year or Quarter Ended: 12-31-2023 Check here if Amendment Amendment Number: This Amendment (Check only one.): is a restatement. adds new holdings entries. Institutional Investment Manager Filing this Report: Name: U S GLOBAL INVESTORS INC Address: 7900 CALLAGHAN ROAD SAN ANTONIO , TX 78229 Form 13F File Number: 028-02220 CRD Number (if applicable): The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Lisa Callicotte Title: CFO Phone: 210-308-1234 Signature, Place, and Date of Signing: /s/ Lisa Callicotte San Antonio , TX 01-23-2024 [Signature] [City, State] [Date] Report Type (Check only one.): X 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) Form 13F Summary Page Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 181 Form 13F Information Table Value Total: 1,486,700,852 (round to nearest dollar) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state “NONE” and omit the column headings and list entries.] NONE