Signia
Signia Small Cap Value
Small-cap Value
Dec 2025 → Dec 2025
Our archive holds 1 letter from this strategy, behind 2 investment theses and positions in 8 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.
What it bought and sold
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.
Green Dot (GDOT), a fintech company and prepaid card services provider, was a new buy in Q4.
In early September we initiated a position in Liberty Energy (LBRT).
Also held
- Uranium Royalty
- Solaris Energy Infrastructure
- Mechanics Bank
Its investment theses
- Alaska Air Group, Inc.Dec 2025Alaska 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.
- Liberty Energy Inc.Dec 2025Liberty 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.