SIGNIA CAPITAL MANAGEMENT LLC

CIK

1131908

Location

Spokane, WA

Portfolio Value

Micro $13,470,546

Diversification

Diversified

Filing Date

Global Rank

#4,386 / 5,297 ▼ 7

Top Industry

Apparel Retail 13.8%

3Y Alpha vs SPY

+27.0%

Period ended 5 years ago

Filed Aug 10, 2020 · 5y

2 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+222.9%

SPY

+76.5%

Annualised alpha

+27.0%

Max drawdown

−17.8%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

17 positions · as of Jun 30, 2020 · Δ vs Mar 31, 2020

Top Position

8.7%

−0.7 pts

Top 5

41.9%

−3.6 pts

Top 10

73.8%

−7.7 pts

HHI

663

Diversified−92

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2020

Sector	% Portfolio	Value	Positions
Financial Services	31.5%	$13,470,546	5
Industrials	19.8%	$8,435,890	3
Consumer Cyclical	16.3%	$6,950,783	4
Energy	9.9%	$4,232,720	2
Consumer Defensive	8.4%	$3,576,750	1
Basic Materials	8.3%	$3,527,950	1
Healthcare	5.9%	$2,502,878	1

Last Quarter's Activity

Export CSV

Jun 30, 2020 vs Mar 31, 2020

Added To

Positions the filer increased

3 positions

Ticker	Company	Δ Shares	Shares	Value
SLRC	SLR Investment Corp.	+40,221	156,296	$2,502,298
STRL	Sterling Infrastructure, Inc.	+35,770	353,953	$3,705,887
ASC	Ardmore Shipping Corp	+8,754	513,949	$2,230,538
No positions match the current search.

Trimmed

Positions the filer reduced

11 positions

Ticker	Company	Δ Shares	Shares	Value
GORO	Gold Resource Corp	−227,812	858,382	$3,527,950
NGVC	Natural Grocers by Vitamin Cottage, Inc.	−120,329	240,373	$3,576,750
LFCR	Lifecore Biomedical, Inc. \De\	−46,189	314,432	$2,502,878
NOA	North American Construction Group Ltd.	−23,817	468,276	$2,931,407
HRTG	Heritage Insurance Holdings, Inc.	−12,474	258,110	$3,378,659
TBBK	Bancorp, Inc.	−9,101	376,138	$3,686,152
CATO	Cato Corp	−8,908	171,846	$1,405,700
CTRN	Citi Trends Inc	−8,171	157,652	$3,187,723
TRC	Tejon Ranch Co	−7,875	173,574	$2,499,465
RM	Regional Management Corp.	−6,815	131,078	$2,321,391
RRGB	Red Robin Gourmet Burgers Inc	−5,445	104,740	$1,068,348
No positions match the current search.

New Positions

Positions the filer opened this quarter

3 positions

Ticker	Company	Shares	Value
SII	Sprott Inc.	43,824	$1,582,046
NGS	Natural Gas Services Group Inc	207,546	$1,301,313
TLYS	Tilly's, Inc.	227,339	$1,289,012
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
DXLG	Destination XL Group, Inc.	1,453,689	$508,791
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

5 positions · $13,470,546 total · Financial Services only · as of Jun 30, 2020

All sectors Basic Materials Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TBBK	Bancorp, Inc. Financial Services	Reduced	376,138	-9,101	$3,686,152	+57.6%	27.36%
HRTG	Heritage Insurance Holdings, Inc. Financial Services	Reduced	258,110	-12,474	$3,378,659	+16.6%	25.08%
SLRC	SLR Investment Corp. Financial Services	Added	156,296	+40,221	$2,502,298	+85.2%	18.58%
RM	Regional Management Corp. Financial Services	Reduced	131,078	-6,815	$2,321,391	+23.2%	17.23%
SII	Sprott Inc. Financial Services	NEW	43,824	NEW	$1,582,046	NEW	11.74%