TRUE SIGNAL LP

CIK

1792422

Location

NEW YORK, NY

Portfolio Value

Small $132,627,276

Diversification

Diversified

Filing Date

Dec 31, 2022

Global Rank

#5,358 / 7,091 · as of Dec 2022

Top Industry

Restaurants 15.3%

Period ended 3 years ago

Filed Jan 26, 2023 · 3y

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Dec 31, 2022, never from the firm's own description.

Style

Diversified active

Top 10 weight 45.1%, 33.9 effective positions, active share 89.7% against the Dow Jones Industrial Average as of 2023-01-31; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

Horizon

Short horizon

Value-weighted holding period 1.0 quarters (under 4)

Closest benchmark: the Dow Jones Industrial Average as of 2023-01-31, active share 89.7%; sector active share 60.6% against the combined 13F book's sector weights.

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

73 tracked positions · as of Dec 31, 2022

Top Position

6.0%

of portfolio value

Top 5

26.7%

of portfolio value

Top 10

45.1%

of portfolio value

HHI

295

Diversified

Sector Breakdown

As of Dec 31, 2022

Sector	% Portfolio	Value	Positions
Consumer Cyclical	58.9%	$78,107,932	50
Consumer Defensive	12.8%	$16,936,815	8
Industrials	6.5%	$8,598,438	3
Basic Materials	5.7%	$7,569,877	1
Healthcare	5.5%	$7,309,450	1
Unclassified	4.3%	$5,671,051	5
Technology	3.2%	$4,293,038	2
Communication Services	1.6%	$2,088,614	2
Financial Services	1.5%	$2,052,061	1

Portfolio Positions

Compact Export CSV View 13F filing

73 tracked positions · $132,627,276 total · filing declares 75 positions · $132,717,798 · as of Dec 31, 2022

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology

Showing 1–50 of 73 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
MCD	Mcdonalds Corp Consumer Cyclical	First	30,153	—	$7,946,220	—	1	before history	5.99%
SHW	Sherwin Williams Co Basic Materials	First	31,896	—	$7,569,877	—	1	before history	5.71%
CVS	CVS HEALTH Corp Healthcare	First	78,436	—	$7,309,450	—	1	before history	5.51%
ULTA	Ulta Beauty, Inc. Consumer Cyclical	First	14,259	—	$6,688,469	—	1	before history	5.04%
ETSY	Etsy Inc Consumer Cyclical	First	48,849	—	$5,851,133	—	1	before history	4.41%
UPS	United Parcel Service Inc Industrials	First	33,351	—	$5,797,737	—	1	before history	4.37%
BURL	Burlington Stores, Inc. Consumer Cyclical	First	24,965	—	$5,061,903	—	1	before history	3.82%
ORLY	O Reilly Automotive Inc Consumer Cyclical	First	5,818	—	$4,910,569	—	1	before history	3.70%
TGT	Target Corp Consumer Defensive	First	31,907	—	$4,755,419	—	1	before history	3.59%
TJX	Tjx Companies Inc Consumer Cyclical	First	49,213	—	$3,917,354	—	1	before history	2.95%
DLTR	Dollar Tree, Inc. Consumer Defensive	First	27,474	—	$3,885,922	—	1	before history	2.93%
AAPL	Apple Inc. Technology	First	28,180	—	$3,661,427	—	1	before history	2.76%
		First	90,590	—	$3,423,396	—	1	before history	2.58%
AMZN	Amazon Com Inc Consumer Cyclical	First	38,992	—	$3,275,328	—	1	before history	2.47%
WMT	Walmart Inc. Consumer Defensive	First	22,620	—	$3,207,287	—	1	before history	2.42%
LULU	lululemon athletica inc. Consumer Cyclical	First	8,064	—	$2,583,544	—	1	before history	1.95%
QSR	Restaurant Brands International Inc. Consumer Cyclical	First	39,033	—	$2,524,264	—	1	before history	1.90%
DASH	DoorDash, Inc. Consumer Cyclical	First	47,935	—	$2,340,186	—	1	before history	1.76%
AZO	Autozone Inc Consumer Cyclical	First	908	—	$2,239,291	—	1	before history	1.69%
YETI	YETI Holdings, Inc. Consumer Cyclical	First	51,614	—	$2,132,174	—	1	before history	1.61%
BOOT	Boot Barn Holdings, Inc. Consumer Cyclical	First	33,892	—	$2,118,927	—	1	before history	1.60%
PYPL	PayPal Holdings, Inc. Financial Services	First	28,813	—	$2,052,061	—	1	before history	1.55%
TPR	Tapestry, Inc. Consumer Cyclical	First	53,308	—	$2,029,968	—	1	before history	1.53%
DDS	Dillard's, Inc. Consumer Cyclical	First	5,952	—	$1,923,686	—	1	before history	1.45%
GO	Grocery Outlet Holding Corp. Consumer Defensive	First	65,783	—	$1,920,205	—	1	before history	1.45%
SHAK	Shake Shack Inc. Consumer Cyclical	First	44,850	—	$1,862,620	—	1	before history	1.40%
CHGG	Chegg, Inc Consumer Defensive	First	72,583	—	$1,834,172	—	1	before history	1.38%
BBY	Best Buy Co Inc Consumer Cyclical	First	21,448	—	$1,720,344	—	1	before history	1.30%
UAL	United Airlines Holdings, Inc. Industrials	First	41,738	—	$1,573,522	—	1	before history	1.19%
UAA	Under Armour, Inc. Consumer Cyclical	First	147,032	—	$1,493,845	—	1	before history	1.13%
WING	Wingstop Inc. Consumer Cyclical	First	10,023	—	$1,379,365	—	1	before history	1.04%
JACK	Jack In The Box Inc Consumer Cyclical	First	19,666	—	$1,341,811	—	1	before history	1.01%
CAR	Avis Budget Group, Inc. Industrials	First	7,486	—	$1,227,179	—	1	before history	0.93%
CPRI	Capri Holdings Ltd Consumer Cyclical	First	21,201	—	$1,215,241	—	1	before history	0.92%
		First	28,331	—	$1,188,485	—	1	before history	0.90%
PVH	Pvh Corp. Consumer Cyclical	First	16,727	—	$1,180,758	—	1	before history	0.89%
BMBL	Bumble Inc. Communication Services	First	53,080	—	$1,117,334	—	1	before history	0.84%
TXRH	Texas Roadhouse, Inc. Consumer Cyclical	First	11,622	—	$1,057,020	—	1	before history	0.80%
SBH	Sally Beauty Holdings, Inc. Consumer Cyclical	First	82,365	—	$1,031,209	—	1	before history	0.78%
MTCH	Match Group, Inc. Communication Services	First	23,410	—	$971,280	—	1	before history	0.73%
MED	Medifast Inc Consumer Cyclical	First	7,155	—	$825,329	—	1	before history	0.62%
EAT	Brinker International, Inc Consumer Cyclical	First	25,219	—	$804,738	—	1	before history	0.61%
TSCO	Tractor Supply Co Consumer Cyclical	First	3,287	—	$739,476	—	1	before history	0.56%
SNBRQ	Sleep Number Corp Consumer Cyclical	First	28,013	—	$727,777	—	1	before history	0.55%
DNUT	Krispy Kreme, Inc. Consumer Defensive	First	66,145	—	$682,616	—	1	before history	0.51%
BLMN	Bloomin' Brands, Inc. Consumer Cyclical	First	33,719	—	$678,426	—	1	before history	0.51%
OXM	Oxford Industries Inc Consumer Cyclical	First	6,829	—	$636,326	—	1	before history	0.48%
PZZA	Papa Johns International Inc Consumer Cyclical	First	7,730	—	$636,256	—	1	before history	0.48%
LYFT	Lyft, Inc. Technology	First	57,315	—	$631,611	—	1	before history	0.48%
CAL	Caleres Inc Consumer Cyclical	First	26,532	—	$591,132	—	1	before history	0.45%

Showing the top 50 of 73 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.