Signia Small Cap Value Strategy, under Signia Capital Management, disclosed in its Q2 investor letter that it had fully exited its position in mining company Hudbay Minerals Inc. (NYSE:HBM) in the first half of 2026. The strategy acquired HBM in January 2024 at approximately $5 per share and sold it in the $21-23 price range after reaching its internal valuation target. As of August 11, 2026, HBM's stock price was $27.67, having risen 144.22% over the past 52 weeks.