Diamond Hill Exited Cimpress (CMPR) After Its Rally

Diamond Hill Capital, a First Eagle Investment Management company, issued its Q2 2026 investor letter for its "Small Cap Strategy". The letter can be downloaded here . The strategy returned 24.01% in the second quarter, outperforming the Russell 2000 Index's 21.49% return. Performance was positively affected by stock selection in health care and industrials, while the Fund's underweight position in information technology was the largest relative detractor as AI-related companies drove market gains. Small-cap equities benefited from strong earnings, resilient economic conditions, and easing geopolitical concerns, with technology leading sector performance while energy declined alongside lower oil prices. Despite the market's focus on AI, the Fund's strongest contributors came from businesses outside the theme, particularly in health care, defense-oriented companies, and tangible-asset industries. Looking ahead, the Fund remains focused on resilient, underfollowed companies tied to infrastructure, defense modernization, and essential industries where disciplined capital allocation and long-term demand can support value creation. Also, check the fund's top five holdings to see its best picks in 2026.

In its second-quarter 2026 investor letter, Diamond Hill Capital Small Cap Strategy highlighted Cimpress plc (NASDAQ: CMPR ). Cimpress plc (NASDAQ:CMPR), a provider of mass customization printing and related products, was exited from the Strategy during the quarter. On September 03, 2026, Cimpress plc (NASDAQ:CMPR) closed at $88.40 per share. Over the past month, Cimpress plc (NASDAQ:CMPR) declined 7.29%, while its shares gained 40.74% over the past 52 weeks. Cimpress plc (NASDAQ:CMPR) has a market capitalization of $2.21 billion.

Diamond Hill Capital Small Cap Strategy stated the following regarding Cimpress plc (NASDAQ:CMPR) in its Q2 2026 investor letter:

" Cimpress plc (NASDAQ:CMPR), a technology-enabled mass-customization company that makes personalized print and promotional products for small businesses, is a position we had been trimming as the discount to intrinsic value was narrowing and fully exited to initiate our new position in FreightCar America."

Cimpress plc (NASDAQ:CMPR) is not on our list of the 40 Most Popular Stocks Among Hedge Funds . As per our database, 17 hedge fund portfolios held Cimpress plc (NASDAQ:CMPR) at the end of the second quarter which was 17 in the previous quarter. While we acknowledge the potential of Cimpress plc (NASDAQ:CMPR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .