Signia Capital Management 13F annual report
Signia Capital Management is an investment fund managing more than $55.7 million ran by David Krebs. There are currently 24 companies in Mr. Krebs’s portfolio. The largest investments include Sterling Construction Co and Bancorp Inc Del, together worth $7.39 million.
$55.7 million Assets Under Management (AUM)
As of 7th October 2020, Signia Capital Management’s top holding is 353,953 shares of Sterling Construction Co currently worth over $3.71 million and making up 6.7% of the portfolio value.
Relative to the number of outstanding shares of Sterling Construction Co, Signia Capital Management owns more than approximately 0.1% of the company.
In addition, the fund holds 376,138 shares of Bancorp Inc Del worth $3.69 million.
The third-largest holding is Natural Grocers By Vitamin C worth $3.58 million and the next is Gold Resource worth $3.53 million, with 858,382 shares owned.
Currently, Signia Capital Management's portfolio is worth at least $55.7 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Signia Capital Management
The Signia Capital Management office and employees reside in Spokane, Washington. According to the last 13-F report filed with the SEC, David Krebs serves as the Chief Compliance Officer at Signia Capital Management.
Recent trades
In the most recent 13F filing, Signia Capital Management revealed that it had opened a new position in
Sprott and bought 43,824 shares worth $1.58 million.
This means they effectively own approximately 0.1% of the company.
Sprott makes up
100.0%
of the fund's Finance sector allocation and has grown its share price by 46.8% in the past year.
The investment fund also strengthened its position in Sterling Construction Co by buying
35,770 additional shares.
This makes their stake in Sterling Construction Co total 353,953 shares worth $3.71 million.
Sterling Construction Co dropped 4.9% in the past year.
On the other hand, there are companies that Signia Capital Management is getting rid of from its portfolio.
Signia Capital Management closed its position in Destination XL on 10th August 2020.
It sold the previously owned 1,453,689 shares for $509 thousand.
David Krebs also disclosed a decreased stake in Bancorp Inc Del by approximately 0.1%.
This leaves the value of the investment at $3.69 million and 376,138 shares.
One of the smallest hedge funds
The two most similar investment funds to Signia Capital Management are Jd Capital Management and Asymmetry Capital Management, L.P.. They manage $55.7 million and $55.8 million respectively.
David Krebs investment strategy
Signia Capital Management’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Industrials — making up 16.5% of
the total portfolio value.
The fund focuses on investments in the United States as
45.8% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
8% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $282 million.
The complete list of Signia Capital Management trades based on 13F SEC filings
These positions were updated on August 10th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Sterling Construction Co., Inc. |
11.24%
353,953
|
$3,706,000 | 6.66% |
| Bancorp Inc Del |
2.36%
376,138
|
$3,686,000 | 6.62% |
| Natural Grocers By Vitamin C |
33.36%
240,373
|
$3,577,000 | 6.42% |
| Gold Resource Corp. |
20.97%
858,382
|
$3,528,000 | 6.34% |
| Heritage Ins Hldgs Inc |
4.61%
258,110
|
$3,379,000 | 6.07% |
| Gain Cap Hldgs Inc |
6.71%
547,065
|
$3,293,000 | 5.91% |
| Citi Trends, Inc. |
4.93%
157,652
|
$3,188,000 | 5.73% |
| Avaya Hldgs Corp |
4.93%
256,577
|
$3,171,000 | 5.70% |
| North Amern Constr Group Ltd |
4.84%
468,276
|
$2,931,000 | 5.26% |
| Limelight Networks, Inc. |
33.67%
380,851
|
$2,803,000 | 5.03% |
| Landec Corp. |
12.81%
314,432
|
$2,503,000 | 4.50% |
| Solar Cap Ltd |
34.65%
156,296
|
$2,502,000 | 4.49% |
| Tejon Ranch Co. |
4.34%
173,574
|
$2,499,000 | 4.49% |
| Regional Mgmt Corp |
4.94%
131,078
|
$2,321,000 | 4.17% |
| Ardmore Shipping Corp. |
1.73%
513,949
|
$2,231,000 | 4.01% |
| Sprott Inc. |
Opened
43,824
|
$1,582,000 | 2.84% |
| Zagg, Inc. |
4.83%
466,650
|
$1,465,000 | 2.63% |
| The Cato Corp. |
4.93%
171,846
|
$1,406,000 | 2.53% |
| Boston Private Finl Hldgs In |
4.93%
196,218
|
$1,350,000 | 2.42% |
| Natural Gas Services Group, Inc. |
Opened
207,546
|
$1,301,000 | 2.34% |
| Tillys Inc |
Opened
227,339
|
$1,289,000 | 2.32% |
| Red Robin Gourmet Burgers In |
4.94%
104,740
|
$1,068,000 | 1.92% |
| Mesa Air Group, Inc. |
4.93%
221,122
|
$761,000 | 1.37% |
| Destination XL Group, Inc. |
Closed
1,453,689
|
$509,000 | |
| Charles & Colvard Ltd. |
88.32%
186,064
|
$136,000 | 0.24% |
| No transactions found | |||
| Showing first 500 out of 25 holdings | |||
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