Cooper Creek Partners Management from New York City sold 890,547 shares of Signet Jewelers in Q3, reducing the position’s value by $56.8 million. The fund still holds 858,680 shares valued at $82.4 million after the sale. Signet’s shares were priced at $100.16 as of Friday.

The filing with the SEC on November 14 revealed Cooper Creek’s reduction of 890,547 shares in Signet Jewelers in Q3. The fund holds 858,680 shares valued at $82.4 million post-sale. Top holdings include OI, NWL, CXW, BBWI, and AAP. Signet’s shares were priced at $100.16 as of Friday.

Signet Jewelers, a specialty retailer in diamond jewelry, operates through various brands and retail channels. Cooper Creek sold 890,000 shares of Signet in Q3, decreasing its stake to 2.5% of reportable assets. Signet showed operational improvement in Q2, with higher sales and profitability, leading to revised full-year guidance.

Cooper Creek’s reduction of Signet shares to 2.5% of reportable assets coincides with the jeweler’s operational stabilization. Signet posted $1.5 billion in Q2 sales, with improving profitability and raised fiscal year guidance. The company’s stock may not reflect its improving business, offering potential for long-term investors.

Cooper Creek’s downsizing of Signet comes as the jewelry firm stabilizes operationally. Despite share price challenges, Signet reported a strong Q2, with higher profitability and raised guidance. The fund’s reduced stake may signal lower risk perception, but Signet’s improving business could offer long-term investment potential.

Read more at Yahoo Finance: Why a Hedge Fund Dumped Signet Stock Even as the Jeweler Lifted Its 2026 Outlook