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Signia

Dec 2024 → Jun 2026 · Publishes quarterly · 5 funds

Our archive holds 5 letters from Signia, behind 7 investment theses and positions in 28 companies. Every quote below is copied verbatim from the letter it came from.

Writes about

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5
Letters
28
Companies
16
Moves
7
Theses

4 strategies

Signia publishes a letter per strategy. Each one has its own page with what it holds, what it bought and what it wrote.

Returns as reported in each strategy’s latest letter, extracted automatically and not verified by us; one share class, in its own currency. Not investment advice. Past performance does not predict future returns.

Also filed under Signia.

What they bought and sold · 16 moves

  • TrimmedTetra Technologies
    June 2026
    “Given the rapid appreciation in these stock prices, we believed it was prudent portfolio management to trim our weightings into strength and reallocate capital into compelling new and existing ideas created by the broader market dislocation.”
    Read the letter
  • TrimmedCanada Goose
    June 2026
    “Consumer-focused names like Alaska Air Group (ALK), Arhaus (ARHS) and Canada Goose (GOOS) declined on concerns that higher gas prices would impact margins and pinch discretionary consumer spending.”
    Read the letter
  • New positionCracker Barrel Old Country Store
    June 2026
    “Cracker Barrel Old Country Store (CBRL) was another new name added in late Q1 2026.”
    Read the letter
  • TrimmedArhaus
    June 2026
    “Consumer-focused names like Alaska Air Group (ALK), Arhaus (ARHS) and Canada Goose (GOOS) declined on concerns that higher gas prices would impact margins and pinch discretionary consumer spending.”
    Read the letter
  • TrimmedAtlas Energy
    June 2026
    “Given the rapid appreciation in these stock prices, we believed it was prudent portfolio management to trim our weightings into strength and reallocate capital into compelling new and existing ideas created by the broader market dislocation.”
    Read the letter
  • TrimmedNordic American Tanker
    June 2026
    “Given the rapid appreciation in these stock prices, we believed it was prudent portfolio management to trim our weightings into strength and reallocate capital into compelling new and existing ideas created by the broader market dislocation.”
    Read the letter
  • TrimmedAlaska Air Group
    June 2026
    “Given the rapid appreciation in these stock prices, we believed it was prudent portfolio management to trim our weightings into strength and reallocate capital into compelling new and existing ideas created by the broader market dislocation.”
    Read the letter
  • New positionItron
    June 2026
    “Itron (ITRI) was a new addition to our Small Cap Value portfolio in Q2 2026.”
    Read the letter
  • TrimmedHelix Energy Solutions
    June 2026
    “Given the rapid appreciation in these stock prices, we believed it was prudent portfolio management to trim our weightings into strength and reallocate capital into compelling new and existing ideas created by the broader market dislocation.”
    Read the letter
  • ExitedHudbay Minerals
    June 2026
    “We took the opportunity to exit our position in Hudbay Minerals (HBM) during the first half of 2026.”
    Read the letter
  • ExitedLiberty Energy
    June 2026
    “We ultimately exited the position in the $26 range.”
    Read the letter
  • ExitedPatterson-UTI
    December 2025
    “Given the sector and industry overlap with portfolio holding Patterson-UTI (PTEN), we made the decision to exit PTEN and rotate into LBRT, as we believed LBRT offered a similar valuation but with stronger near-term catalysts.”
    Read the letter
  • AddedGreen Dot
    December 2025
    “Green Dot (GDOT), a fintech company and prepaid card services provider, was a new buy in Q4.”
    Read the letter
  • New positionAtlas Energy Solutions
    December 2025
    “In early December we initiated a position in Atlas Energy Solutions (AESI), a provider of frac sand to producers of both natural gas and oil companies in in most of the hydrocarbon producing areas in the U.S.”
    Read the letter
  • New positionGreen Dot
    December 2025
    “Green Dot (GDOT), a fintech company and prepaid card services provider, was a new buy in Q4.”
    Read the letter
  • New positionLiberty Energy
    December 2025
    “In early September we initiated a position in Liberty Energy (LBRT).”
    Read the letter

Companies held · 28

Every company Signia has disclosed a position in across our archive, with the letter that last mentioned it.

Theses · 7

  • Cracker Barrel Old Country Store
    June 2026

    Cracker Barrel Old Country Store is a restaurant-and-retail chain that the fund views as a turnaround with brand recovery upside and real-estate-backed margin of safety.

    Read the full thesis
  • Itron
    June 2026

    Itron is the leading utility meter and grid infrastructure provider, and the fund likes its shift toward higher-margin recurring software and analytics revenue with multiple expansion potential.

    Read the full thesis
  • Alaska Air Group, Inc.
    December 2025

    Alaska Air Group, Inc. is an airline with transitory earnings headwinds and meaningful long-term growth from the Hawaiian Airlines acquisition, targeting EPS to more than double by 2027 at an attractive valuation.

    Read the full thesis
  • Green Dot
    December 2025

    Green Dot is a fintech and bank holding company with improving fundamentals and a strategic review-driven transaction that implies upside versus the prevailing valuation.

    Read the full thesis
  • Liberty Energy Inc.
    December 2025

    Liberty Energy Inc. is a low-multiple U.S. completions and power solutions provider with significant growth catalysts in its Liberty Power Innovations segment and planned capacity expansion.

    Read the full thesis
  • Atlas Energy Solutions
    December 2025

    Atlas Energy Solutions is the low-cost Permian frac sand leader with a logistics moat and a fast-growing distributed power business, trading near book value with catalysts for earnings growth.

    Read the full thesis
  • Uranium Royalty
    December 2024

    Uranium Royalty is a $300 million market cap company utilizing a royalty and streaming business model to profit from high-quality uranium mines while minimizing operational risks.

    Read the full thesis

Letter archive · 5

2026

2025

2024

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