Top 12 Luxury Stocks According to Hedge Funds

7. Signet Jewelers Limited (NYSE:SIG)

Number of Hedge Fund Holders: 34

Based in Bermuda, Signet Jewelers Ltd (NYSE:SIG) is a luxury retailer of diamond jewelry. It operates stores in off-mall locations and shopping malls, primarily under the Ernest Jones and H. Samuel banners. The company’s Other segment comprises subsidiaries that purchase and convert rough diamonds to polished stones.

Although the company is navigating a choppy consumer and industry environment in 2024, it is continuing to drive sales momentum. Fiscal Q3 2025 marked the sixth consecutive quarter of sequential same-store sales improvement for the company. It also has a go-to-market strategy in place for the holiday season, which is expected to drive growth for the company in fiscal Q4 2025.

Revenue for Signet Jewelers Ltd (NYSE:SIG) was $1.35 billion in fiscal Q3 2025, primarily due to same-store sales being down 0.7%. However, fashion sales were positive, as the company is seeing a strong sell-through of its new merchandise. Its strategy to focus on newness to drive higher penetration is continuing to resonate with customers, which has been up nearly 8 points in its core banners compared to last year.

The higher penetration of new merchandise is key to Signet Jewelers Ltd’s (NYSE:SIG) strategy around average transaction value (ATV) and merchandise margin. For instance, its North American fashion ATV was up mid-single digits in fiscal Q3 2025, driven primarily by a more than 30% growth in lab-created diamond fashion sales. It ranks ninth on our list.