AI Competition Pressured Salesforce (CRM) in Q1
Key takeaways
- The Strategy declined 0.52% (net of fees), surpassing the Russell 3000 Index’s 3.96%.
- In its first-quarter 2026 investor letter, Diamond Hill Select Strategy highlighted Salesforce, Inc.
- Diamond Hill Select Strategy stated the following regarding Salesforce, Inc.
AI Competition Pressured Salesforce (CRM) in Q1 Soumya Eswaran Tue, June 9, 2026 at 9:29 PM GMT+7 2 min read CRM Diamond Hill Capital, a First Eagle Investment Management company, issued its Q1 2026 investor letter for its “Select Strategy”. A copy of the letter can be downloaded here. The Strategy declined 0.52% (net of fees), surpassing the Russell 3000 Index’s 3.96%. The performance was driven by stock selection and overweight exposure in industrials, along with an underweight in information technology. Geopolitical developments and changing expectations regarding artificial intelligence (AI) are impacting market dynamics this quarter. The firm is assessing the heightened uncertainty from the situation in the Middle East while also seeking attractive investment opportunities in large-cap, high-quality, cash-generative, and defensive businesses. In addition, please check the Strategy’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Diamond Hill Select Strategy highlighted Salesforce, Inc. (NYSE:CRM). Salesforce, Inc. (NYSE:CRM) is a cloud computing company that offers Customer Relationship Management (CRM) technology that brings companies and customers together. On June 8, 2026, Salesforce, Inc. (NYSE:CRM) closed at $182.55 per share. One-month return of Salesforce, Inc. (NYSE:CRM) was 4.96%, and its shares lost 32.96% over the past 52 weeks. Salesforce, Inc. (NYSE:CRM) has a market capitalization of $149.51 billion.
Diamond Hill Select Strategy stated the following regarding Salesforce, Inc. (NYSE:CRM) in its Q1 2026 investor letter: