Diamond Hill Exits Cimpress (CMPR) Following Share Price Rally
In its Q2 2026 investor letter, Diamond Hill Capital Small Cap Strategy revealed it had exited a position in Cimpress plc (NASDAQ:CMPR). The firm cited the narrowing discount to intrinsic value as one of the reasons for selling. During the quarter, shares of CMPR gained over 40% on a year-to-date basis but declined slightly by about 7% within the past month. Diamond Hill's strategy outperformed the Russell 2000 Index in Q2 due to strong stock selections in healthcare and industrials sectors. The firm emphasized its focus on resilient, underfollowed companies tied to infrastructure and defense modernization rather than AI-driven stocks that dominated market gains during the period. Cimpress was trimmed gradually before being fully exited as part of a broader portfolio reallocation strategy aimed at capturing new opportunities such as FreightCar America. The move reflects Diamond Hill's ongoing effort to capitalize on long-term demand in essential industries while maintaining disciplined capital allocation.
Tickers: $CMPR
Topics: Cimpress (CMPR) Diamond Hill Capital portfolio changes Small Cap Strategy