# TRUE SIGNAL LP

> Institutional holdings reported to the SEC as of Q4 2022 on Form 13F. CIK 1792422. Source: https://holderbook.com/funds/1792422-true-signal-lp/

- Reported value: $132.7M
- Positions: 74
- Weight of the ten largest: 45.1%
- Filed: 2023-01-26

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $7.9M | 30,153 | 6.0% | 1 |
| SHERWIN WILLIAMS CO | [SHW](https://holderbook.com/stocks/SHW/) | $7.6M | 31,896 | 5.7% | 1 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $7.3M | 78,436 | 5.5% | 1 |
| ULTA BEAUTY INC | [ULTA](https://holderbook.com/stocks/ULTA/) | $6.7M | 14,259 | 5.0% | 1 |
| ETSY INC | [ETSY](https://holderbook.com/stocks/ETSY/) | $5.9M | 48,849 | 4.4% | 1 |
| UNITED PARCEL SVCS INC | [UPS](https://holderbook.com/stocks/UPS/) | $5.8M | 33,351 | 4.4% | 1 |
| BURLINGTON STORES INC | [BURL](https://holderbook.com/stocks/BURL/) | $5.1M | 24,965 | 3.8% | 1 |
| OREILLY AUTOMOTIVE INC | [ORLY](https://holderbook.com/stocks/ORLY/) | $4.9M | 5,818 | 3.7% | 1 |
| TARGET CORP | [TGT](https://holderbook.com/stocks/TGT/) | $4.8M | 31,907 | 3.6% | 1 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $3.9M | 49,213 | 3.0% | 1 |
| DOLLAR TREE INC | [DLTR](https://holderbook.com/stocks/DLTR/) | $3.9M | 27,474 | 2.9% | 1 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.7M | 28,180 | 2.8% | 1 |
| FOOT LOCKER INC | [FL](https://holderbook.com/stocks/FL/) | $3.4M | 90,590 | 2.6% | 1 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $3.3M | 38,992 | 2.5% | 1 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $3.2M | 22,620 | 2.4% | 1 |
| LULULEMON ATHLETICA INC | [LULU](https://holderbook.com/stocks/LULU/) | $2.6M | 8,064 | 1.9% | 1 |
| RESTAURANT BRANDS INTL INC | [QSR](https://holderbook.com/stocks/QSR/) | $2.5M | 39,033 | 1.9% | 1 |
| DOORDASH INC | [DASH](https://holderbook.com/stocks/DASH/) | $2.3M | 47,935 | 1.8% | 1 |
| AUTOZONE INC | [AZO](https://holderbook.com/stocks/AZO/) | $2.2M | 908 | 1.7% | 1 |
| YETI HLDGS INC | [YETI](https://holderbook.com/stocks/YETI/) | $2.1M | 51,614 | 1.6% | 1 |
| BOOT BARN HLDGS INC | [BOOT](https://holderbook.com/stocks/BOOT/) | $2.1M | 33,892 | 1.6% | 1 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $2.1M | 28,813 | 1.5% | 1 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $2.0M | 53,308 | 1.5% | 1 |
| DILLARDS INC | [DDS](https://holderbook.com/stocks/DDS/) | $1.9M | 5,952 | 1.4% | 1 |
| GROCERY OUTLET HLDG CORP | [GO](https://holderbook.com/stocks/GO/) | $1.9M | 65,783 | 1.4% | 1 |
| SHAKE SHACK INC | [SHAK](https://holderbook.com/stocks/SHAK/) | $1.9M | 44,850 | 1.4% | 1 |
| CHEGG INC | [CHGG](https://holderbook.com/stocks/CHGG/) | $1.8M | 72,583 | 1.4% | 1 |
| BEST BUY INC | [BBY](https://holderbook.com/stocks/BBY/) | $1.7M | 21,448 | 1.3% | 1 |
| UNITED AIRLS HLDGS INC | [UAL](https://holderbook.com/stocks/UAL/) | $1.6M | 41,738 | 1.2% | 1 |
| UNDER ARMOUR INC | [UAA](https://holderbook.com/stocks/UAA/) | $1.5M | 147,032 | 1.1% | 1 |
| WINGSTOP INC | [WING](https://holderbook.com/stocks/WING/) | $1.4M | 10,023 | 1.0% | 1 |
| JACK IN THE BOX INC | [JACK](https://holderbook.com/stocks/JACK/) | $1.3M | 19,666 | 1.0% | 1 |
| AVIS BUDGET GROUP INC | [CAR](https://holderbook.com/stocks/CAR/) | $1.2M | 7,486 | 0.9% | 1 |
| CAPRI HOLDINGS LIMITED | [CPRI](https://holderbook.com/stocks/CPRI/) | $1.2M | 21,201 | 0.9% | 1 |
| SKECHERS U S A INC | [SKX](https://holderbook.com/stocks/SKX/) | $1.2M | 28,331 | 0.9% | 1 |
| PVH CORPORATION | [PVH](https://holderbook.com/stocks/PVH/) | $1.2M | 16,727 | 0.9% | 1 |
| BUMBLE INC | [BMBL](https://holderbook.com/stocks/BMBL/) | $1.1M | 53,080 | 0.8% | 1 |
| TEXAS ROADHOUSE INC | [TXRH](https://holderbook.com/stocks/TXRH/) | $1.1M | 11,622 | 0.8% | 1 |
| SALLY BEAUTY HLDGS INC | [SBH](https://holderbook.com/stocks/SBH/) | $1.0M | 82,365 | 0.8% | 1 |
| MATCH GROUP INC NEW | [MTCH](https://holderbook.com/stocks/MTCH/) | $971.3K | 23,410 | 0.7% | 1 |
| MEDIFAST INC | [MED](https://holderbook.com/stocks/MED/) | $825.3K | 7,155 | 0.6% | 1 |
| BRINKER INTL INC | [EAT](https://holderbook.com/stocks/EAT/) | $804.7K | 25,219 | 0.6% | 1 |
| TRACTOR SUPPLY CO | [TSCO](https://holderbook.com/stocks/TSCO/) | $739.5K | 3,287 | 0.6% | 1 |
| SLEEP NUMBER CORP | [SNBRQ](https://holderbook.com/stocks/SNBRQ/) | $727.8K | 28,013 | 0.5% | 1 |
| KRISPY KREME INC | [DNUT](https://holderbook.com/stocks/DNUT/) | $682.6K | 66,145 | 0.5% | 1 |
| BLOOMIN BRANDS INC | [BLMN](https://holderbook.com/stocks/BLMN/) | $678.4K | 33,719 | 0.5% | 1 |
| OXFORD INDS INC | [OXM](https://holderbook.com/stocks/OXM/) | $636.3K | 6,829 | 0.5% | 1 |
| PAPA JOHNS INTL INC | [PZZA](https://holderbook.com/stocks/PZZA/) | $636.3K | 7,730 | 0.5% | 1 |
| LYFT INC | [LYFT](https://holderbook.com/stocks/LYFT/) | $631.6K | 57,315 | 0.5% | 1 |
| CALERES INC | [CAL](https://holderbook.com/stocks/CAL/) | $591.1K | 26,532 | 0.4% | 1 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $420.7K | 1,100 | 0.3% | 1 |
| LA Z BOY INC | [LZB](https://holderbook.com/stocks/LZB/) | $418.3K | 18,332 | 0.3% | 1 |
| CHEWY INC | [CHWY](https://holderbook.com/stocks/CHWY/) | $413.7K | 11,157 | 0.3% | 1 |
| LESLIES INC | [LESL](https://holderbook.com/stocks/LESL/) | $402.7K | 32,983 | 0.3% | 1 |
| WENDYS CO | [WEN](https://holderbook.com/stocks/WEN/) | $394.2K | 17,420 | 0.3% | 1 |
| UDEMY INC | [UDMY](https://holderbook.com/stocks/UDMY/) | $352.3K | 33,392 | 0.3% | 1 |
| MISTER CAR WASH INC | [MCW](https://holderbook.com/stocks/MCW/) | $339.0K | 36,726 | 0.3% | 1 |
| RUTHS HOSPITALITY GROUP INC | [RUTH](https://holderbook.com/stocks/RUTH/) | $335.4K | 21,667 | 0.3% | 1 |
| KURA SUSHI USA INC | [KRUS](https://holderbook.com/stocks/KRUS/) | $315.3K | 6,612 | 0.2% | 1 |
| HANESBRANDS INC | [HBI](https://holderbook.com/stocks/HBI/) | $303.1K | 47,656 | 0.2% | 1 |
| LEVI STRAUSS & CO NEW | [LEVI](https://holderbook.com/stocks/LEVI/) | $300.8K | 19,379 | 0.2% | 1 |
| COLUMBIA SPORTSWEAR CO | [COLM](https://holderbook.com/stocks/COLM/) | $300.6K | 3,432 | 0.2% | 1 |
| KROGER CO | [KR](https://holderbook.com/stocks/KR/) | $298.9K | 6,705 | 0.2% | 1 |
| VICTORIAS SECRET AND CO | [VSXY](https://holderbook.com/stocks/VSXY/) | $296.4K | 8,283 | 0.2% | 1 |
| SIGNET JEWELERS LIMITED | [SIG](https://holderbook.com/stocks/SIG/) | $283.1K | 4,163 | 0.2% | 1 |
| DUTCH BROS INC | [BROS](https://holderbook.com/stocks/BROS/) | $255.0K | 9,047 | 0.2% | 1 |
| GENESCO INC | [GCO](https://holderbook.com/stocks/GCO/) | $213.1K | 4,631 | 0.2% | 1 |
| FIRST WATCH RESTAURANT GROUP | [FWRG](https://holderbook.com/stocks/FWRG/) | $208.3K | 15,398 | 0.2% | 1 |
| DESIGNER BRANDS INC | [DBI](https://holderbook.com/stocks/DBI/) | $206.9K | 21,157 | 0.2% | 1 |
| RENT THE RUNWAY INC | [RENT](https://holderbook.com/stocks/RENT/) | $107.5K | 35,248 | 0.1% | 1 |
| SKILLZ INC | [SKLZXXXX](https://holderbook.com/stocks/SKLZXXXX/) | $90.5K | 178,840 | 0.1% | 1 |
| FIGS INC | [FIGS](https://holderbook.com/stocks/FIGS/) | $84.0K | 12,475 | 0.1% | 1 |
| THE REALREAL INC | [REAL](https://holderbook.com/stocks/REAL/) | $55.2K | 44,196 | 0.0% | 1 |
| VERA BRADLEY INC | [VRA](https://holderbook.com/stocks/VRA/) | $49.1K | 10,847 | 0.0% | 1 |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2022 | $132.7M | 74 |