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Diamond Hill Capital Q3 Portfolio Update: Buys NKE, JNPR, NC, LYV, ALR, FDX

gurufocus

gurufocus

370 followers
Diamond Hill Capital (DHIL) just reported their third quarter portfolio. The firm is a public traded company that manages mutual funds in with value investing strategies. Their small cap fund gained 22.99% in 2010, and the fund averaged more than 9.4% in the past decade. Diamond Hill Capital Management. As of 09/30/2011, Diamond Hill Capital Management owns 143 stocks with a total value of $7.1 billion. These are the details of the buys and sells.

This is the portfolio chart of Diamond Hill Capital. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



For the details of Diamond Hill Capital's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Diamond+Hill+Capital

This is the sector weightings of his portfolio:

Financials 18.5%
Oil & Gas 17.2%
Health Care 16.8%
Consumer Goods 14.9%
Industrials 12.7%
Technology 6.6%
Consumer Services 5.6%
Not Assigned 4.7%
Basic Materials 2.6%
Utilities 0.5%


These are the top 5 holdings of Diamond Hill Capital

  1. Occidental Petroleum Corp. (OXY) - 3,494,250 shares, 3.5397% of the total portfolio. Shares added by 6.94%
  2. Anadarko Petroleum Corp. (APC) - 3,694,416 shares, 3.3002% of the total portfolio. Shares added by 1.18%
  3. United Technologies Corp. (UTX) - 2,959,454 shares, 2.9501% of the total portfolio. Shares added by 0.13%
  4. Devon Energy Corp. (DVN) - 3,531,284 shares, 2.7737% of the total portfolio. Shares added by 9.67%
  5. Procter & Gamble Co. (PG) - 3,032,679 shares, 2.7146% of the total portfolio. Shares reduced by 5.88%


Added: American Express Co. (AXP)

Diamond Hill Capital added to his holdings in American Express Co. by 11083.9%. His purchase prices were between $42.8 and $53.59, with an estimated average price of $48.97. The impact to his portfolio due to this purchase was 1.21%. His holdings were 1,922,506 shares as of 09/30/2011.

American Express Company is primarily engaged in the business of providing travel related services, financial advisory services and international banking services throughout the world. American Express Co. has a market cap of $55.72 billion; its shares were traded at around $46.68 with a P/E ratio of 12 and P/S ratio of 2. The dividend yield of American Express Co. stocks is 1.5%.

Added: Chubb Corp. (CB)

Diamond Hill Capital added to his holdings in Chubb Corp. by 110.8%. His purchase prices were between $55.43 and $64.45, with an estimated average price of $60.88. The impact to his portfolio due to this purchase was 0.77%. His holdings were 1,720,401 shares as of 09/30/2011.

Chubb Corporation is a holding company with subsidiaries principally engaged in the property and casualty insurance business. Chubb Corp. has a market cap of $18.1 billion; its shares were traded at around $63.3 with a P/E ratio of 10.5 and P/S ratio of 1.4. The dividend yield of Chubb Corp. stocks is 2.4%.

Added: Fluor Corp. (FLR)

Diamond Hill Capital added to his holdings in Fluor Corp. by 94.07%. His purchase prices were between $49.27 and $67.6, with an estimated average price of $59.67. The impact to his portfolio due to this purchase was 0.35%. His holdings were 1,100,393 shares as of 09/30/2011.

Fluor is a FORTUNE 500 company that delivers engineering, procurement, construction, maintenance (EPCM), and project management to governments and clients in diverse industries around the world. Fluor Corp. has a market cap of $9.21 billion; its shares were traded at around $52.98 with a P/E ratio of 25.6 and P/S ratio of 0.4. The dividend yield of Fluor Corp. stocks is 0.9%. Fluor Corp. had an annual average earnings growth of 17.7% over the past 10 years. GuruFocus rated Fluor Corp. the business predictability rank of 2.5-star.

Added: Mattel Inc. (MAT)

Diamond Hill Capital added to his holdings in Mattel Inc. by 22.3%. His purchase prices were between $22.94 and $28, with an estimated average price of $26.23. The impact to his portfolio due to this purchase was 0.25%. His holdings were 3,684,168 shares as of 09/30/2011.

Mattel, Inc. designs, manufactures, and markets a broad variety of family products on a worldwide basis through both sales to retailers anddirect to consumers. Mattel Inc. has a market cap of $9.33 billion; its shares were traded at around $27.22 with a P/E ratio of 13.4 and P/S ratio of 1.6. The dividend yield of Mattel Inc. stocks is 3.4%. Mattel Inc. had an annual average earnings growth of 3% over the past 10 years. GuruFocus rated Mattel Inc. the business predictability rank of 4-star.

Added: Devon Energy Corp. (DVN)

Diamond Hill Capital added to his holdings in Devon Energy Corp. by 9.67%. His purchase prices were between $55.37 and $84.35, with an estimated average price of $70.36. The impact to his portfolio due to this purchase was 0.24%. His holdings were 3,531,284 shares as of 09/30/2011.

Devon Energy Corporation is an independent energy company engaged primarily in oil and gas exploration, development and production, and in the acquisition of producing properties. Devon Energy Corp. has a market cap of $25.63 billion; its shares were traded at around $61.53 with a P/E ratio of 10.2 and P/S ratio of 2.6. The dividend yield of Devon Energy Corp. stocks is 1.1%.

Added: Occidental Petroleum Corp. (OXY)

Diamond Hill Capital added to his holdings in Occidental Petroleum Corp. by 6.94%. His purchase prices were between $71.9 and $108.08, with an estimated average price of $90.08. The impact to his portfolio due to this purchase was 0.23%. His holdings were 3,494,250 shares as of 09/30/2011.

Occidental Petroleum Corp. explores for, develops, produces and markets crude oil and natural gas and manufactures and markets a variety of basic chemicals, including chlorine, caustic soda, and ethylene dichloride, as well as specialty chemicals and vinyls, including polyvinyl chloride resins and vinyl chloride monomer. Occidental Petroleum Corp. has a market cap of $69.07 billion; its shares were traded at around $84.98 with a P/E ratio of 11.8 and P/S ratio of 3.6. The dividend yield of Occidental Petroleum Corp. stocks is 2.1%. Occidental Petroleum Corp. had an annual average earnings growth of 14.3% over the past 10 years.

Added: Prudential Financial Inc. (PRU)

Diamond Hill Capital added to his holdings in Prudential Financial Inc. by 9.45%. His purchase prices were between $43.93 and $65.26, with an estimated average price of $53.04. The impact to his portfolio due to this purchase was 0.15%. His holdings were 2,689,926 shares as of 09/30/2011.

Prudential Financial, Inc. is one of the largest financial services institutions in the United States. Prudential Financial Inc. has a market cap of $24.97 billion; its shares were traded at around $51.59 with a P/E ratio of 7.1 and P/S ratio of 0.8. The dividend yield of Prudential Financial Inc. stocks is 2.2%.

Added: Assured Guaranty Ltd. (AGO)

Diamond Hill Capital added to his holdings in Assured Guaranty Ltd. by 11.45%. His purchase prices were between $9.93 and $16.86, with an estimated average price of $13.07. The impact to his portfolio due to this purchase was 0.13%. His holdings were 7,855,721 shares as of 09/30/2011.

Assured Guaranty is a Bermuda-based holding company providing credit enhancement products to the municipal finance, structured finance and mortgage markets. Assured Guaranty Ltd. has a market cap of $2.27 billion; its shares were traded at around $12.33 with a P/E ratio of 3 and P/S ratio of 1.7. The dividend yield of Assured Guaranty Ltd. stocks is 1.4%.

Added: Kennametal Inc. (KMT)

Diamond Hill Capital added to his holdings in Kennametal Inc. by 31.31%. His purchase prices were between $30.56 and $45.36, with an estimated average price of $37.19. The impact to his portfolio due to this purchase was 0.12%. His holdings were 1,072,945 shares as of 09/30/2011.

Kennametal Inc. is a global supplier of tooling, engineered components and advanced materials consumed in production processes. Kennametal Inc. has a market cap of $2.88 billion; its shares were traded at around $36.14 with a P/E ratio of 12.1 and P/S ratio of 1.2. The dividend yield of Kennametal Inc. stocks is 1.4%.

Added: Toro Co. (TTC)

Diamond Hill Capital added to his holdings in Toro Co. by 222.97%. His purchase prices were between $46.81 and $62.49, with an estimated average price of $53.54. The impact to his portfolio due to this purchase was 0.11%. His holdings were 232,648 shares as of 09/30/2011.

Toro Company designs, manufactures and markets consumer and professional turf maintenance equipment, snow removal products and irrigation systems and provides landscaping and turf maintenance services. Toro Co. has a market cap of $1.63 billion; its shares were traded at around $53.07 with a P/E ratio of 14.6 and P/S ratio of 0.9. The dividend yield of Toro Co. stocks is 1.6%. Toro Co. had an annual average earnings growth of 10.9% over the past 10 years.

Added: Istar Financial Inc. (SFI)

Diamond Hill Capital added to his holdings in Istar Financial Inc. by 44.84%. His purchase prices were between $4.61 and $8.25, with an estimated average price of $6.85. The impact to his portfolio due to this purchase was 0.11%. His holdings were 4,366,466 shares as of 09/30/2011.

iStar Financial Inc. is the publicly traded finance company focused on the commercial real estate industry. Istar Financial Inc. has a market cap of $583.4 million; its shares were traded at around $6.32 with and P/S ratio of 1.

Added: B&g Foods (BGS)

Diamond Hill Capital added to his holdings in B&g Foods by 156.59%. His purchase prices were between $16.2 and $21.16, with an estimated average price of $18.36. The impact to his portfolio due to this purchase was 0.1%. His holdings were 724,410 shares as of 09/30/2011.

B&G FOODS and its subsidiaries manufacture, sell and distribute a diversified portfolio of high-quality, shelf-stable foods across the United States, Canada and Puerto Rico. B&g Foods has a market cap of $854.4 million; its shares were traded at around $17.83 with a P/E ratio of 17.7 and P/S ratio of 1.6. The dividend yield of B&g Foods stocks is 4.8%.

Added: Southwest Airlines Co. (LUV)

Diamond Hill Capital added to his holdings in Southwest Airlines Co. by 21.81%. His purchase prices were between $7.89 and $11.61, with an estimated average price of $9.19. The impact to his portfolio due to this purchase was 0.08%. His holdings were 3,779,153 shares as of 09/30/2011.

Southwest Airlines is a major domestic airline that provides primarily shorthaul, high-frequency, point-to-point, low-fare service. Southwest Airlines Co. has a market cap of $7.09 billion; its shares were traded at around $8.82 with a P/E ratio of 14.8 and P/S ratio of 0.6. The dividend yield of Southwest Airlines Co. stocks is 0.2%. Southwest Airlines Co. had an annual average earnings growth of 5.4% over the past 10 years.

Added: Morgan Stanley (MS)

Diamond Hill Capital added to his holdings in Morgan Stanley by 1066.13%. His purchase prices were between $13.06 and $24.2, with an estimated average price of $18.4. The impact to his portfolio due to this purchase was 0.07%. His holdings were 376,310 shares as of 09/30/2011.

MORGAN STANLEY is a preeminent global financial services firm that maintains market positions in each of its three primary businesses: securities; asset management; and credit services. Morgan Stanley has a market cap of $32.06 billion; its shares were traded at around $16.63 with a P/E ratio of 29.7 and P/S ratio of 1. The dividend yield of Morgan Stanley stocks is 1.2%. Morgan Stanley had an annual average earnings growth of 2.1% over the past 10 years.

Added: Corrections Corp. Of America (CXW)

Diamond Hill Capital added to his holdings in Corrections Corp. Of America by 28.76%. His purchase prices were between $18.64 and $23.86, with an estimated average price of $21.99. The impact to his portfolio due to this purchase was 0.06%. His holdings were 776,856 shares as of 09/30/2011.

Corrections Corporation of America Company is the one of nation's largest providers of detention and corrections services to governmental agencies. Corrections Corp. Of America has a market cap of $2.37 billion; its shares were traded at around $22.12 with a P/E ratio of 14.5 and P/S ratio of 1.4. Corrections Corp. Of America had an annual average earnings growth of 6.4% over the past 10 years. GuruFocus rated Corrections Corp. Of America the business predictability rank of 2-star.

Added: Greatbatch (GB)

Diamond Hill Capital added to his holdings in Greatbatch by 49.58%. His purchase prices were between $19.19 and $28.2, with an estimated average price of $23. The impact to his portfolio due to this purchase was 0.05%. His holdings were 554,776 shares as of 09/30/2011.

Greatbatch, Inc., is a developer and manufacturer of critical components used in implantable medical devices and other technically demanding applications. Greatbatch has a market cap of $468.4 million; its shares were traded at around $20 with a P/E ratio of 11.8 and P/S ratio of 0.9.

Added: Hartford Financial Svcs. (HIG)

Diamond Hill Capital added to his holdings in Hartford Financial Svcs. by 371.25%. His purchase prices were between $15.82 and $27.03, with an estimated average price of $20.4. The impact to his portfolio due to this purchase was 0.05%. His holdings were 290,075 shares as of 09/30/2011.

Hartford Financial Services is one of the nation's largest investment and insurance companies, offers a complete line of insurance and financial service products to customers all over the world. Hartford Financial Svcs. has a market cap of $8.36 billion; its shares were traded at around $18.76 with a P/E ratio of 5.2 and P/S ratio of 0.4. The dividend yield of Hartford Financial Svcs. stocks is 2.2%.

Added: Tenneco (TEN)

Diamond Hill Capital added to his holdings in Tenneco by 59.7%. His purchase prices were between $24.74 and $46.16, with an estimated average price of $34.93. The impact to his portfolio due to this purchase was 0.05%. His holdings were 403,905 shares as of 09/30/2011.

Tenneco is one of the world's largest designers, manufacturers and marketers of emission control and ride control products and systems for the automotive original equipment market and the aftermarket. Tenneco has a market cap of $1.98 billion; its shares were traded at around $32.96 with a P/E ratio of 15.6 and P/S ratio of 0.3. Tenneco had an annual average earnings growth of 0.2% over the past 10 years.

Added: Xl Group (XL)

Diamond Hill Capital added to his holdings in Xl Group by 145.73%. His purchase prices were between $18.36 and $22.51, with an estimated average price of $20.22. The impact to his portfolio due to this purchase was 0.05%. His holdings were 341,690 shares as of 09/30/2011.

XL Group plc, through its subsidiaries, is a global insurance and reinsurance company providing property, casualty, and specialty products to industrial, commercial, and professional firms, insurance companies and other enterprises on a worldwide basis. Xl Group has a market cap of $5.88 billion; its shares were traded at around $19.73 with a P/E ratio of 13.2 and P/S ratio of 0.9. The dividend yield of Xl Group stocks is 2.2%.

Added: Popular Inc. (BPOP)

Diamond Hill Capital added to his holdings in Popular Inc. by 37.88%. His purchase prices were between $1.37 and $2.83, with an estimated average price of $2.11. The impact to his portfolio due to this purchase was 0.05%. His holdings were 7,933,001 shares as of 09/30/2011.

Popular, Inc. is a diversified, publicly owned bank holding company. Popular Inc. has a market cap of $1.71 billion; its shares were traded at around $1.67 with and P/S ratio of 0.5.

Added: White Mountains Insurance Group Ltd. (WTM)

Diamond Hill Capital added to his holdings in White Mountains Insurance Group Ltd. by 34.96%. His purchase prices were between $377 and $431.32, with an estimated average price of $407.49. The impact to his portfolio due to this purchase was 0.04%. His holdings were 24,403 shares as of 09/30/2011.

White Mountains Insurance Group, Ltd. is engaged in the business of property and casualty insurance and reinsurance. White Mountains Insurance Group Ltd. has a market cap of $3.32 billion; its shares were traded at around $417 with a P/E ratio of 27.6 and P/S ratio of 0.9. The dividend yield of White Mountains Insurance Group Ltd. stocks is 0.2%.

Added: Global Sources Ltd. (GSOL)

Diamond Hill Capital added to his holdings in Global Sources Ltd. by 53.58%. His purchase prices were between $6.67 and $9.83, with an estimated average price of $8.45. The impact to his portfolio due to this purchase was 0.03%. His holdings were 1,019,044 shares as of 09/30/2011.

Global Sources Ltd. is one of the world's largest and most trusted neutral enablers of global merchandise trade. Global Sources Ltd. has a market cap of $232.2 million; its shares were traded at around $6.89 with a P/E ratio of 9.6 and P/S ratio of 1.2. Global Sources Ltd. had an annual average earnings growth of 14.3% over the past 10 years.

Added: Leggett & Platt Inc. (LEG)

Diamond Hill Capital added to his holdings in Leggett & Platt Inc. by 52.17%. His purchase prices were between $17.87 and $24.8, with an estimated average price of $21.55. The impact to his portfolio due to this purchase was 0.02%. His holdings were 160,580 shares as of 09/30/2011.

Leggett & Platt, Inc. is one of the manufacturers of engineered products serving several major markets. Leggett & Platt Inc. has a market cap of $3.13 billion; its shares were traded at around $22.1 with a P/E ratio of 18.9 and P/S ratio of 0.9. The dividend yield of Leggett & Platt Inc. stocks is 5.1%.

Added: Redwood Trust Inc. (RWT)

Diamond Hill Capital added to his holdings in Redwood Trust Inc. by 22.2%. His purchase prices were between $11.56 and $15.34, with an estimated average price of $13.18. The impact to his portfolio due to this purchase was 0.02%. His holdings were 639,306 shares as of 09/30/2011.

REDWOOD TRUST INC. is a self-advised and self-managed real estate investment trust. Redwood Trust Inc. has a market cap of $888.6 million; its shares were traded at around $11.29 with a P/E ratio of 14.8 and P/S ratio of 3.9. The dividend yield of Redwood Trust Inc. stocks is 8.9%.

Added: Cme Group Inc. (CME)

Diamond Hill Capital added to his holdings in Cme Group Inc. by 194.51%. His purchase prices were between $237.17 and $298.99, with an estimated average price of $269.97. The impact to his portfolio due to this purchase was 0.02%. His holdings were 10,720 shares as of 09/30/2011.

Chicago Mercantile Exchange Holdings is the parent company of Chicago Mercantile Exchange Inc, the largest futures exchange in the United States based on notional value, trading volume and open interest. Cme Group Inc. has a market cap of $17.21 billion; its shares were traded at around $257.36 with a P/E ratio of 15.9 and P/S ratio of 5.7. The dividend yield of Cme Group Inc. stocks is 2.1%. Cme Group Inc. had an annual average earnings growth of 19.4% over the past 10 years.

New Purchase: Nike Inc. Cl B (NKE)

Diamond Hill Capital initiated holdings in Nike Inc. Cl B. His purchase prices were between $78.58 and $93.66, with an estimated average price of $87.45. The impact to his portfolio due to this purchase was 1.2%. His holdings were 993,089 shares as of 09/30/2011.

Nike, Inc.'s principal business activity involves the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. Nike Inc. Cl B has a market cap of $42.42 billion; its shares were traded at around $91.48 with a P/E ratio of 19.8 and P/S ratio of 2. The dividend yield of Nike Inc. Cl B stocks is 1.4%. Nike Inc. Cl B had an annual average earnings growth of 11.8% over the past 10 years. GuruFocus rated Nike Inc. Cl B the business predictability rank of 4-star.

New Purchase: Juniper Networks Inc. (JNPR)

Diamond Hill Capital initiated holdings in Juniper Networks Inc.. His purchase prices were between $18.4 and $32.8, with an estimated average price of $23.9. The impact to his portfolio due to this purchase was 0.38%. His holdings were 1,564,553 shares as of 09/30/2011.

Juniper Networks Inc. is a provider of Internet infrastructure solutions that enable Internet service providers and other telecommunications service providers to meet the demands resulting from the rapid growth of the Internet. Juniper Networks Inc. has a market cap of $11.41 billion; its shares were traded at around $21.41 with a P/E ratio of 19.4 and P/S ratio of 2.8. Juniper Networks Inc. had an annual average earnings growth of 6.2% over the past 5 years.

New Purchase: Nacco Industries Inc. Cl A (NC)

Diamond Hill Capital initiated holdings in Nacco Industries Inc. Cl A. His purchase prices were between $61.13 and $103.47, with an estimated average price of $80.71. The impact to his portfolio due to this purchase was 0.11%. His holdings were 122,267 shares as of 09/30/2011.

NACCO Industries, Inc. is a holding company which owns four principal operating subsidiaries: NACCO Materials Handling Group is a designer, manufacturer and marketer of forklift trucks; Hamilton Beach*Proctor-Silex is one of the largest full-line manufacturer and marketer of small electric kitchen appliances; North American Coal is engaged in the mining and marketing of lignite for use primarily as fuel for power generation; and Kitchen Collection is a specialty retailer of kitchenware, small electric appliances and related accessories. Nacco Industries Inc. Cl A has a market cap of $611.8 million; its shares were traded at around $72.88 with a P/E ratio of 6.4 and P/S ratio of 0.2. The dividend yield of Nacco Industries Inc. Cl A stocks is 3%.

New Purchase: Live Nation Entertainment (LYV)

Diamond Hill Capital initiated holdings in Live Nation Entertainment. His purchase prices were between $8 and $12.26, with an estimated average price of $9.73. The impact to his portfolio due to this purchase was 0.1%. His holdings were 887,510 shares as of 09/30/2011.

Live Nation Entertainment, Inc. is the world's premier live entertainment company, consisting of Live Nation, Ticketmaster and Front Line Management Group. Live Nation Entertainment has a market cap of $1.7 billion; its shares were traded at around $8.99 with and P/S ratio of 0.3. Live Nation Entertainment had an annual average earnings growth of 3.7% over the past 5 years.

New Purchase: Alere (ALR)

Diamond Hill Capital initiated holdings in Alere. His purchase prices were between $20.62 and $38.43, with an estimated average price of $27.49. The impact to his portfolio due to this purchase was 0.06%. His holdings were 209,210 shares as of 09/30/2011.

Alere Inc., formerly known as Inverness Medical Innovations, Inc. Alere has a market cap of $1.84 billion; its shares were traded at around $21.41 with a P/E ratio of 8.6 and P/S ratio of 0.9.

New Purchase: Fedex Corp. (FDX)

Diamond Hill Capital initiated holdings in Fedex Corp.. His purchase prices were between $66.58 and $98.5, with an estimated average price of $81.6. The impact to his portfolio due to this purchase was 0.05%. His holdings were 48,365 shares as of 09/30/2011.

FedEx Corporation is a global transportation and logistics enterprise that offers customers a one-stop source for global shipping, logistics and supply chain solutions. Fedex Corp. has a market cap of $23.99 billion; its shares were traded at around $75.62 with a P/E ratio of 14.6 and P/S ratio of 0.6. The dividend yield of Fedex Corp. stocks is 0.7%.

New Purchase: Apple Inc. (AAPL)

Diamond Hill Capital initiated holdings in Apple Inc.. His purchase prices were between $349.43 and $413.45, with an estimated average price of $381.98. The impact to his portfolio due to this purchase was 0.04%. His holdings were 6,635 shares as of 09/30/2011.

Apple Computer, Inc. designs, manufactures and markets personal computers and related personal computing and communicating solutions for sale primarily to education, creative, consumer, and business customers. Apple Inc. has a market cap of $369.56 billion; its shares were traded at around $398.62 with a P/E ratio of 15.8 and P/S ratio of 5.7. Apple Inc. had an annual average earnings growth of 59.8% over the past 5 years.

New Purchase: Jarden Corp. (JAH)

Diamond Hill Capital initiated holdings in Jarden Corp.. His purchase prices were between $25.88 and $34.43, with an estimated average price of $30.41. The impact to his portfolio due to this purchase was 0.04%. His holdings were 90,684 shares as of 09/30/2011.

Jarden Corporation is a provider of niche consumer products used in home food preservation. Jarden Corp. has a market cap of $2.93 billion; its shares were traded at around $32.03 with a P/E ratio of 10.3 and P/S ratio of 0.5. The dividend yield of Jarden Corp. stocks is 1.1%. Jarden Corp. had an annual average earnings growth of 21% over the past 10 years. GuruFocus rated Jarden Corp. the business predictability rank of 2.5-star.

New Purchase: First Republic Bank San Francisco (FRC)

Diamond Hill Capital initiated holdings in First Republic Bank San Francisco. His purchase prices were between $23.08 and $31, with an estimated average price of $26.55. The impact to his portfolio due to this purchase was 0.03%. His holdings were 93,315 shares as of 09/30/2011.

First Republic Bank operates as a commercial bank offering private banking, business banking, real estate lending and wealth management services in California. First Republic Bank San Francisco has a market cap of $3.4 billion; its shares were traded at around $26.38 with a P/E ratio of 10.5 and P/S ratio of 10.9.

New Purchase: Ishares Russell 1000 Value Index Fund (IWD)

Diamond Hill Capital initiated holdings in Ishares Russell 1000 Value Index Fund. His purchase prices were between $56.23 and $69.32, with an estimated average price of $62.13. The impact to his portfolio due to this purchase was 0.03%. His holdings were 35,736 shares as of 09/30/2011.

Ishares Russell 1000 Value Index Fund has a market cap of $10.3 billion; its shares were traded at around $61.1 . The dividend yield of Ishares Russell 1000 Value Index Fund stocks is 2.1%.

New Purchase: Klatencor Corp. (KLAC)

Diamond Hill Capital initiated holdings in Klatencor Corp.. His purchase prices were between $33.67 and $44.11, with an estimated average price of $38.56. The impact to his portfolio due to this purchase was 0.03%. His holdings were 49,356 shares as of 09/30/2011.

KLA-Tencor Corporation is one of the world's suppliers of process control and yield management solutions for the semiconductor and related microelectronics industries. Klatencor Corp. has a market cap of $7.2 billion; its shares were traded at around $43.22 with a P/E ratio of 8.8 and P/S ratio of 2.3. The dividend yield of Klatencor Corp. stocks is 3.2%.

New Purchase: Alaska Air Group Inc. (ALK)

Diamond Hill Capital initiated holdings in Alaska Air Group Inc.. His purchase prices were between $52.21 and $69.66, with an estimated average price of $59.58. The impact to his portfolio due to this purchase was 0.02%. His holdings were 30,945 shares as of 09/30/2011.

Alaska Air Group, Inc. is a holding company and has two principal subsidiaries: Alaska Airlines, Inc. Alaska Air Group Inc. has a market cap of $2.31 billion; its shares were traded at around $64.57 with a P/E ratio of 8.4 and P/S ratio of 0.6. Alaska Air Group Inc. had an annual average earnings growth of 11.2% over the past 10 years.

Reduced: Jp Morgan Chase (JPM)

Diamond Hill Capital reduced to his holdings in Jp Morgan Chase by 39.11%. His sale prices were between $29.27 and $42.29, with an estimated average price of $36.55. The impact to his portfolio due to this sale was -0.92%. Diamond Hill Capital still held 2,934,647 shares as of 09/30/2011.

J.P. Morgan Chase & Co. is a global financial services firm. Jp Morgan Chase has a market cap of $128.16 billion; its shares were traded at around $32.87 with a P/E ratio of 7 and P/S ratio of 1.3. The dividend yield of Jp Morgan Chase stocks is 3%.

Reduced: Bank Of New York Mellon (BK)

Diamond Hill Capital reduced to his holdings in Bank Of New York Mellon by 97%. His sale prices were between $18.52 and $26.39, with an estimated average price of $22.12. The impact to his portfolio due to this sale was -0.71%. Diamond Hill Capital still held 71,317 shares as of 09/30/2011.

Bank of New York is a bank holding company and one of the world's larger financial institutions. Bank Of New York Mellon has a market cap of $24.37 billion; its shares were traded at around $19.77 with a P/E ratio of 8.8 and P/S ratio of 1.7. The dividend yield of Bank Of New York Mellon stocks is 2.6%.

Reduced: Arch Capital Group Ltd. (ACGL)

Diamond Hill Capital reduced to his holdings in Arch Capital Group Ltd. by 32.98%. His sale prices were between $30.2 and $34.54, with an estimated average price of $32.85. The impact to his portfolio due to this sale was -0.11%. Diamond Hill Capital still held 575,359 shares as of 09/30/2011.

Arch Capital Group Ltd. is a diversified financial services holding company, with an emphasis on the insurance sector. Arch Capital Group Ltd. has a market cap of $4.54 billion; its shares were traded at around $34.06 with a P/E ratio of 15.3 and P/S ratio of 1.4. Arch Capital Group Ltd. had an annual average earnings growth of 20.5% over the past 10 years.

Reduced: Teva Pharmaceutical Industries Ltd. (TEVA)

Diamond Hill Capital reduced to his holdings in Teva Pharmaceutical Industries Ltd. by 28.15%. His sale prices were between $35.26 and $49.47, with an estimated average price of $41.94. The impact to his portfolio due to this sale was -0.03%. Diamond Hill Capital still held 134,535 shares as of 09/30/2011.

TEVA Pharmaceuticals USA, the business is to develop, manufacture, and market generic pharmaceuticals. Teva Pharmaceutical Industries Ltd. has a market cap of $34.81 billion; its shares were traded at around $39.11 with a P/E ratio of 8.3 and P/S ratio of 2.2. The dividend yield of Teva Pharmaceutical Industries Ltd. stocks is 2%. Teva Pharmaceutical Industries Ltd. had an annual average earnings growth of 20.7% over the past 10 years. GuruFocus rated Teva Pharmaceutical Industries Ltd. the business predictability rank of 4-star.

Reduced: First American Financial (FAF)

Diamond Hill Capital reduced to his holdings in First American Financial by 53.68%. His sale prices were between $12.72 and $16.02, with an estimated average price of $14.7. The impact to his portfolio due to this sale was -0.03%. Diamond Hill Capital still held 160,441 shares as of 09/30/2011.

First American Financial Corporation provides financial services through its Title Insurance and Services segment and its Specialty Insurance segment. First American Financial has a market cap of $1.39 billion; its shares were traded at around $13.2 with a P/E ratio of 11.2 and P/S ratio of 0.3. The dividend yield of First American Financial stocks is 1.8%.

Reduced: Liquidity Services Inc. (LQDT)

Diamond Hill Capital reduced to his holdings in Liquidity Services Inc. by 36.21%. His sale prices were between $20.37 and $34.85, with an estimated average price of $26.67. The impact to his portfolio due to this sale was -0.02%. Diamond Hill Capital still held 136,797 shares as of 09/30/2011.

Liquidity Services, Inc. is a online auction marketplace for wholesale, surplus and salvage assets. Liquidity Services Inc. has a market cap of $871.3 million; its shares were traded at around $30.79 with a P/E ratio of 37.5 and P/S ratio of 3.1.

Reduced: Walmart Stores (WMT)

Diamond Hill Capital reduced to his holdings in Walmart Stores by 21.33%. His sale prices were between $48.41 and $54.52, with an estimated average price of $52.41. The impact to his portfolio due to this sale was -0.02%. Diamond Hill Capital still held 133,922 shares as of 09/30/2011.

Wal-Mart Stores, Inc. is the world's largest retailer. Walmart Stores has a market cap of $192.63 billion; its shares were traded at around $55.89 with a P/E ratio of 13 and P/S ratio of 0.4. The dividend yield of Walmart Stores stocks is 2.6%. Walmart Stores had an annual average earnings growth of 11.1% over the past 10 years. GuruFocus rated Walmart Stores the business predictability rank of 5-star.

Reduced: Ace Ltd. (ACE)

Diamond Hill Capital reduced to his holdings in Ace Ltd. by 37.83%. His sale prices were between $58.98 and $68.38, with an estimated average price of $63.44. The impact to his portfolio due to this sale was -0.01%. Diamond Hill Capital still held 11,370 shares as of 09/30/2011.

ACE LTD. provides excess liability insurance for bodily injury, property damage, & wrongful advertising. Ace Ltd. has a market cap of $21.64 billion; its shares were traded at around $64.03 with a P/E ratio of 9.3 and P/S ratio of 1.3. The dividend yield of Ace Ltd. stocks is 2.2%. Ace Ltd. had an annual average earnings growth of 38.8% over the past 10 years. GuruFocus rated Ace Ltd. the business predictability rank of 2-star.

Reduced: Discover Financial Services (DFS)

Diamond Hill Capital reduced to his holdings in Discover Financial Services by 59.22%. His sale prices were between $20.73 and $27.52, with an estimated average price of $25.08. The impact to his portfolio due to this sale was -0.01%. Diamond Hill Capital still held 17,820 shares as of 09/30/2011.

Discover Financial Services operates the Discover Card with more than fifty million cardmembers, the Discover Network with millions of merchant and cash access locations, and the Goldfish credit card business in the United Kingdom. Discover Financial Services has a market cap of $12.58 billion; its shares were traded at around $23.05 with a P/E ratio of 6.1 and P/S ratio of 1.5. The dividend yield of Discover Financial Services stocks is 1%.

Sold Out: Raytheon Co. (RTN)

Diamond Hill Capital sold out his holdings in Raytheon Co.. His sale prices were between $38.83 and $49.63, with an estimated average price of $43.12.

Raytheon Company is a global technology company. The company providesproducts and services in the areas of defense and commercial electronics,engineering and construction, and business and special mission aircraft. Raytheon Co. has a market cap of $15.16 billion; its shares were traded at around $42.88 with a P/E ratio of 7.9 and P/S ratio of 0.6. The dividend yield of Raytheon Co. stocks is 4%. Raytheon Co. had an annual average earnings growth of 13.7% over the past 10 years.

Sold Out: Walgreen Co. (WAG)

Diamond Hill Capital sold out his holdings in Walgreen Co.. His sale prices were between $32.53 and $44.14, with an estimated average price of $37.62.

Walgreen Co. is a national retail pharmacy chain and considered the leader in innovative drugstore retailing. Walgreen Co. has a market cap of $30.63 billion; its shares were traded at around $33.83 with a P/E ratio of 12.8 and P/S ratio of 0.4. The dividend yield of Walgreen Co. stocks is 2.7%. Walgreen Co. had an annual average earnings growth of 11.7% over the past 10 years. GuruFocus rated Walgreen Co. the business predictability rank of 4.5-star.

Sold Out: Alliance Data Systems Corp. (ADS)

Diamond Hill Capital sold out his holdings in Alliance Data Systems Corp.. His sale prices were between $81.66 and $100.41, with an estimated average price of $93.37.

Alliance Data Systems Corporation is a provider of transaction services, credit services and marketing services to retail companies in North America. Alliance Data Systems Corp. has a market cap of $4.8 billion; its shares were traded at around $94.33 with a P/E ratio of 15.1 and P/S ratio of 1.7. Alliance Data Systems Corp. had an annual average earnings growth of 27.3% over the past 10 years. GuruFocus rated Alliance Data Systems Corp. the business predictability rank of 5-star.

Sold Out: State Street Corp. (STT)

Diamond Hill Capital sold out his holdings in State Street Corp.. His sale prices were between $30.94 and $46.84, with an estimated average price of $37.32.

State Street Corporation is the world's specialist in providing sophisticated global investors with investment servicing, investment management, investment research and trading services. State Street Corp. has a market cap of $18.9 billion; its shares were traded at around $37.49 with a P/E ratio of 10.3 and P/S ratio of 2.1. The dividend yield of State Street Corp. stocks is 1.9%. State Street Corp. had an annual average earnings growth of 6.8% over the past 10 years.

Sold Out: Newbridge Bancorp (NBBC)

Diamond Hill Capital sold out his holdings in Newbridge Bancorp. His sale prices were between $3.53 and $4.98, with an estimated average price of $4.46.

LSB Bancshares, Inc. is a bank holding company whose principal business is providing banking and other financial services through its banking subsidiary. Newbridge Bancorp has a market cap of $52.3 million; its shares were traded at around $3.34 with a P/E ratio of 33.4 and P/S ratio of 0.5.

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