Signia
Signia Capital Management Small Cap Value Strategy
Small-cap Value
Jun 2026 → Jun 2026
Our archive holds 1 letter from this strategy, behind 2 investment theses and positions in 18 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year · follow all of Signia for every strategy.
Performance
as of Jun 30, 2026 · net of fees · USD
- YTD+27.8%index +23.0%
Index: Russell 2000 Value
| YTD | |
|---|---|
| Signia Capital Management Small Cap Value Strategy | +27.8% |
| Russell 2000 Value | +23.0% |
Disclaimer
These figures are copied from the manager’s latest letter, as of Jun 30, 2026. They were extracted automatically, have not been verified by HF Best Ideas and may contain errors. They cover a single share class, in the currency and fee basis stated above; other share classes and your own returns will differ. This is not investment advice, nor an offer to buy or sell any fund. Past performance does not predict future returns.
Read full disclosures →What it bought and sold
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.
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.
Cracker Barrel Old Country Store (CBRL) was another new name added in late Q1 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.
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.
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.
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.
Itron (ITRI) was a new addition to our Small Cap Value portfolio in Q2 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.
We took the opportunity to exit our position in Hudbay Minerals (HBM) during the first half of 2026.
We ultimately exited the position in the $26 range.
Also held
- Progyny Inc.
- Oportun Financial
- Orion Group Holdings
- PubMatic
- Ranpack Holdings
- Mechanics Bank
- MarineMax Inc.
Its investment theses
- Cracker Barrel Old Country StoreJun 2026Cracker 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.
- ItronJun 2026Itron 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.