Frank Holmes
Fund ManagerFrank Holmes is CEO and Chief Investment Officer of U.S. Global Investors and manages the GOAU ETF, a rules-based quant strategy emphasizing gold royalty and streaming companies.
Franco-Nevada is 11% of Frank Holmes's $154.6M disclosed book
27 tracked · Mixed sources · Positions as of Jun 30, 2026 · $154.6M · Filings and statements
Frank Holmes is CEO and CIO of U.S. Global Investors and manager of GOAU, a rules-based gold-miner ETF with a royalty and streaming tilt. The table is official GOAU portfolio weights, not Holmes's personal book and not a 13F.
Portfolio allocation
Holdings (27)
Ordered by reported value
FNV 10.6%
Largest by weight
$154.6M
Tracked value
78,532 shares · $16.4M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source498,223 shares · $15.8M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source139,426 shares · $15.7M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source350,000 shares · $6.6M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source428,647 shares · $6.5M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source743,591 shares · $6.3M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source125,000 shares · $6.3M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source748,000 shares · $6.2M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source623,059 shares · $5.5M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source1,459,478 shares · $5.3M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source634,439 shares · $5.2M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source1,547,242 shares · $5.0M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source303,486 shares · $4.8M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source49,739 shares · $4.6M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source2,490,006 shares · $4.6M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source103,000 shares · $4.6M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source3,436,899 shares · $4.4M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source700,000 shares · $4.3M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source947,118 shares · $3.6M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source112,000 shares · $3.4M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source103,255 shares · $3.4M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source1,006,828 shares · $3.3M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source1,613,732 shares · $3.3M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source510,000 shares · $3.2M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source203,923 shares · $3.2M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source4,750,165 shares · $3.1M
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source10,979 shares · $146K
CURATEDU.S. Global GO GOLD and Precious Metal Miners ETF accession 0001193125-26-370743Jun 30, 2026Source
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Portfolio Intelligence
Portfolio Intelligence
Aggregated from this investor's disclosed positions. Methodology
Portfolio Gold Beta
Equal-weight average of cached stock-level gold beta values across disclosed holdings with available regression data.
Beta
1.24
R-squared
0.54
Coverage
100%
10 of 10 holdings, equal weight
Consensus Holdings
Holdings also disclosed by other tracked investors.
| Ticker | Company | Also held by |
|---|---|---|
| WPM | Wheaton Precious Metals Corp. | 9 investors, Adrian Day, First Eagle Gold Fund, Jim Rickards / Strategic Intelligence |
| FNV | Franco-Nevada Corporation | 8 investors, Adrian Day, First Eagle Gold Fund, Peter Schiff |
| AYA | Aya Gold & Silver Inc. | 6 investors, Brien Lundin, Don Durrett, Konwave Gold Equity Fund |
| EXK | Endeavour Silver Corp. | 5 investors, Don Durrett, Lawrence Lepard, Sprott Inc. |
| FSM | Fortuna Mining Corp. | 4 investors, Adrian Day, Peter Schiff, Sprott Inc. |
| OR | OR Royalties Inc. | 4 investors, Konwave Gold Equity Fund, Peter Schiff, Sprott Inc. |
| EDVMF | Endeavour Mining plc | 2 investors, Don Durrett, Konwave Gold Equity Fund |
| CAHPF | Evolution Mining Limited | 1 investor, La Mancha Resource Fund |
| WGXRF | Westgold Resources Limited | 1 investor, Don Durrett |
| HMY | Harmony Gold Mining Company Limited | 0 investors |
Similar Portfolios
Sprott Inc.
6 shared holdings
60% overlap
AYA, EXK, FNV, FSM, OR, WPM
U.S. Global Investors
6 shared holdings
60% overlap
AYA, EXK, FNV, FSM, OR, WPM
Don Durrett
4 shared holdings
40% overlap
AYA, EDVMF, EXK, WGXRF
Peter Schiff
4 shared holdings
40% overlap
FNV, FSM, OR, WPM
Adrian Day
3 shared holdings
30% overlap
FNV, FSM, WPM
Filing Timeline
- Jul 14, 2026AYAAya Gold & Silver Inc.
4.31% of fund, 350,000 shares ($7,001,244 market value)
Fund HoldingETF published holdings · GOAU daily portfolio holdings, as of 2026-07-14 (U.S. Global ETFs official fund page) - Jul 14, 2026CAHPFEvolution Mining Limited
3.21% of fund, 634,439 shares ($5,211,779 market value)
Fund HoldingETF published holdings · GOAU daily portfolio holdings, as of 2026-07-14 (U.S. Global ETFs official fund page) - Jul 14, 2026EDVMFEndeavour Mining plc
3.69% of fund, 125,000 shares ($5,995,202 market value)
Fund HoldingETF published holdings · GOAU daily portfolio holdings, as of 2026-07-14 (U.S. Global ETFs official fund page) - Jul 14, 2026EXKEndeavour Silver Corp.
3.72% of fund, 748,000 shares ($6,043,840 market value)
Fund HoldingETF published holdings · GOAU daily portfolio holdings, as of 2026-07-14 (U.S. Global ETFs official fund page) - Jul 14, 2026FNVFranco-Nevada Corporation
9.80% of fund, 78,532 shares ($15,938,069 market value)
Fund HoldingETF published holdings · GOAU daily portfolio holdings, as of 2026-07-14 (U.S. Global ETFs official fund page) - Jul 14, 2026FSMFortuna Mining Corp.
3.89% of fund, 743,591 shares ($6,327,959 market value)
Fund HoldingETF published holdings · GOAU daily portfolio holdings, as of 2026-07-14 (U.S. Global ETFs official fund page) - Jul 14, 2026HMYHarmony Gold Mining Company Limited
4.02% of fund, 428,647 shares ($6,532,580 market value)
Fund HoldingETF published holdings · GOAU daily portfolio holdings, as of 2026-07-14 (U.S. Global ETFs official fund page) - Jul 14, 2026OROR Royalties Inc.
8.86% of fund, 498,223 shares ($14,398,645 market value)
Fund HoldingETF published holdings · GOAU daily portfolio holdings, as of 2026-07-14 (U.S. Global ETFs official fund page) - Jul 14, 2026WGXRFWestgold Resources Limited
3.15% of fund, 1,547,242 shares ($5,125,104 market value)
Fund HoldingETF published holdings · GOAU daily portfolio holdings, as of 2026-07-14 (U.S. Global ETFs official fund page) - Jul 14, 2026WPMWheaton Precious Metals Corp.
9.30% of fund, 139,426 shares ($15,126,327 market value)
Fund HoldingETF published holdings · GOAU daily portfolio holdings, as of 2026-07-14 (U.S. Global ETFs official fund page)
Notable disclosed positions from regulatory filings and public statements.