Signia Capital Management is a boutique investment advisory firm based in Spokane, Washington, specializing in small- and micro-cap value investing. Founded in 2002, the firm is majority-owned by its portfolio management team, emphasizing a hands-on, research-driven approach to uncovering inefficiencies in smaller, often overlooked companies. Signia believes that these inefficiencies present opportunities for fundamental investors to achieve superior returns.

The firm’s leadership includes Richard Beaven, CFA, who serves as Principal and Lead Portfolio Manager, and Colin Kelly, CFA, Director of Research and Portfolio Manager. Both bring decades of experience in investment management and have held significant roles in the Pacific Northwest’s financial sector. In 2020, Beaven and Kelly acquired equal majority ownership of Signia, reinforcing their commitment to the firm’s long-term vision.

Signia Capital’s investment strategies have demonstrated notable performance. For instance, their Small-Micro Cap Value strategy achieved a net return of 30.68% in 2024, significantly outperforming benchmarks like the Russell Microcap Value Index and the Russell 2000 Value Index.

As of July 2024, Signia manages approximately $95.8 million in discretionary assets across six clients. The firm’s investment portfolio includes holdings in various sectors, reflecting its focus on undervalued small-cap opportunities.