Here’s What Prompted Diamond Hill Select Strategy to Add Salesforce (CRM) to Its Portfolio

Core Insights - Diamond Hill Capital's "Select Strategy" second-quarter 2025 investor letter indicates a market rebound with US stocks rising approximately 11% as measured by the Russell 3000 Index, following a downturn at the start of April due to tariff announcements [1] - The portfolio achieved a net return of 7.31%, underperforming the Russell 3000 Index which returned 10.99% [1] - Salesforce, Inc. (NYSE:CRM) was highlighted as a key stock, with a one-month return of -4.35% and a 52-week loss of 10.45% [2][4] Company Performance - Salesforce, Inc. reported a revenue of $10.25 billion for the second quarter of 2026, marking a year-over-year increase of 10% and 9% in constant currency [4] - The stock closed at $245.10 per share on September 29, 2025, with a market capitalization of $233.335 billion [2] Investment Strategy - The company initiated two new positions in the quarter, including Salesforce, Inc. and Antero Resources Corporation, at what it considers compelling valuations [3] - Salesforce, Inc. ranks 16th among the 30 Most Popular Stocks Among Hedge Funds, with 121 hedge fund portfolios holding its stock at the end of the second quarter, down from 140 in the previous quarter [4]