L2 Micro Cap Trade Commentary – December 2025 Rebalance

In this quarter’s systematic rebalance we are trimming two positions to take gains in one of our best performing stocks while limiting our exposure to a stock that’s momentums seems to be stalling. We are also rotating out of a name that has been a detractor to the strategy to increase our exposure in a few positions with better prospects for future success.

We increased our position in Cimpress PLC (CMPR), which designs and manufactures customized printed and digital products for customers in North America, Europe, and elsewhere. In the company’s words, “we help millions of businesses build brands and stand out.” Cimpress produces a wide range of marketing materials such as flyers and postcards, magazines and catalogs, business signage, canvas-print wall décor, decorated and logo apparel, and custom promotional products.