Here’s Why Diamond Hill Small Cap Fund Exited Integer Holdings Corporation (ITGR)

Diamond Hill Capital, an investment management company, released its “Small Cap Fund” first-quarter 2023 investor letter. A copy of the same can be downloaded here. In the first quarter, the fund outperformed the Russell 2000 Index and returned 6.31%, compared to the Index’s return of 2.74%. Strength in industrials, energy, and healthcare holdings contributed to the fund’s relative performance in the quarter. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.

Diamond Hill Small Cap Fund highlighted stocks like Integer Holdings Corporation (NYSE:ITGR) in the first quarter 2023 investor letter. Headquartered in Plano, Texas, Integer Holdings Corporation (NYSE:ITGR) is a medical device outsourcing manufacturer. On May 12, 2023, Integer Holdings Corporation (NYSE:ITGR) stock closed at $78.40 per share. One-month return of Integer Holdings Corporation (NYSE:ITGR) was -1.74%, and its shares gained 8.63% of their value over the last 52 weeks. Integer Holdings Corporation (NYSE:ITGR) has a market capitalization of $2.645 billion.

Diamond Hill Small Cap Fund made the following comment about Integer Holdings Corporation (NYSE:ITGR) in its Q1 2023 investor letter:

“We also exited our position in medical device contract manufacturer Integer Holdings Corporation (NYSE:ITGR) as the company has struggled with the inflationary and supply chain environments, hampering its ability to raise prices and maintain profitability.”

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Integer Holdings Corporation (NYSE:ITGR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 10 hedge fund portfolios held Integer Holdings Corporation (NYSE:ITGR) at the end of the fourth quarter which was 12 in the previous quarter. In addition, please check out our hedge fund investor letters Q1 2023 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.