Diamond Hill Capital

Diamond Hill Capital

Last Update: 2014-05-06

Number of Stocks: 149
Number of New Stocks: 8

Total Value: $11,686 Mil
Q/Q Turnover: 12%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Diamond Hill Capital' s Profile & Performance

Profile

Established in 2000, Diamond Hill Capital Management, Inc. is a registered investment adviser based in Columbus, Ohio. It is independent and publicly owned, listed on NASDAQ (ticker symbol: DHIL) and included in the Russell 2000 Index.

Diamond Hill manages seven traditional and alternative equity strategies, available in separately managed accounts, mutual funds and private investment funds. Our client base includes institutions, financial intermediaries and individuals. Assets under management as of November 30, 2009 were $5.9 billion.

Web Page:http://www.diamond-hill.com/

Investing Philosophy

"Our research is predominantly a bottom-up process beginning with fundamental analysis of a company's profitability and market position, financial and competitive position, management quality, valuation, and growth components of valuation. Top-down analysis is focused on industry dynamics, including sector economic factors, long-term capital flows, and the regulatory environment, not on macro-economic factors. Investment team insight and experience is then applied to further narrow the universe of investable ideas for deeper analysis including the creation of a financial model."

"we estimate the intrinsic value for each potential holding, which is independent of its current stock price. This price may be higher or lower than intrinsic value at any point in time. The process begins with consensus estimates for company data, and then the initial appraisal is modified based on further refinement by our research analysts. Our investment process continually compares market price to our estimate of intrinsic value, which is updated over time as new information arises."

Total Holding History

Performance of Small Cap Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
201339.731.558.2
201212.8815.4-2.5
2011-7.172.08-9.2
3-Year Cumulative46.4 (13.5%/year)55 (15.7%/year)-8.6 (-2.2%/year)
201022.9915.067.9
200928.9226.462.5
5-Year Cumulative132.1 (18.3%/year)125.5 (17.7%/year)6.6 (0.6%/year)
2008-25.99-3711.0
2007-3.795.61-9.4
20067.0315.79-8.8
200512.94.918.0
200429.261217.3
10-Year Cumulative158.1 (9.9%/year)104.1 (7.4%/year)54 (2.5%/year)
200350.1828.721.5
2002-8.23-22.113.9
200125.46-11.937.4

Top Ranked Articles

Diamond Hill Capital Sees Value in Comcast, VF, CareFusion and Staples
In the fourth quarter, Diamond Hill Capital Management (DHIL) added only four new stocks to their portfolio: Comcast (CMCSA), VF Corp. (VFC), Carefusion Corp. (CFN) and Staples (SPLS). Diamond Hill are value investors looking for companies worth significantly less than their intrinsic value. Over the last ten years, Diamond Hill’s small cap fund returned 125.6%, beating the S&P 500’s 34.9% return. Read more...
Diamond Hill Capital's Top 5 Third Quarter New Buys
Diamond Hill Capital Management Inc., an investment adviser based in Columbus, Ohio and established in 2000, announced its third-quarter portfolio this week. The firm had $7.7 billion in assets under management as of Sept. 30, 2011. Read more...
Diamond Hill Capital Comments on Procter & Gamble
Consumer products company Procter & Gamble Co. (PG) rallied on news that activist investor Bill Ackman purchased a sizable stake in the company. In addition, investors responded favorably to the company's decision to reinstate share repurchases. Read more...
Diamond Hill Capital Buys 4 Stocks, All Financials
Diamond Hill Capital has updated its third-quarter portfolio, which includes four new stocks: Citigroup (C), American International Group (AIG), KeyCorp (KEY) and Fortress Investment Group (FIG). Read more...
Top Dividend Stocks from Diamond Hill
Diamond Hill Capital Management Inc. is a registered investment adviser based in Columbus, Ohio. It is an independent and publicly owned listed company founded in 2000. Read more...
» More Diamond Hill Capital Articles

Commentaries and Stories

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Rating: 3.0/5 (3 votes)

Ross Stores Is Down 23% From Its High And Is Now A Bargain Diamond Hill Capital,Jim Simons - Ross Stores Is Down 23% From Its High And Is Now A Bargain
Ross Stores (ROST) is the latest result from my defensive screen setup on GuruFocus. It is currently the only stock that resulted through the screen. The previous result was PetSmart (PETM) at the beginning of May when the stock was trading at $66.85. The stock soon dropped to a low of $55 on May 27, but has since rebounded after activist positions were disclosed by Jana Partners (9.9% of outstanding shares) and Longview Asset Management (9.0% of outstanding shares). The stock is now trading at $70.10. More...

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Diamond Hill Capital Comments on Forest Laboratories Inc
We closed our position in drug manufacturer Forest Laboratories, Inc. (FRX) as the market reacted positively to the news that Actavis, Inc. PLC would buy Forest Laboratories at a significant premium, and the share price approached our estimate of intrinsic value. More...

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Diamond Hill Capital Comments on Fortress Investment Group LLC
We sold our position in investment manager Fortress Investment Group LLC (FIG) to redeploy funds toward other opportunities where we have a higher degree of confidence. More...

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Diamond Hill Capital Comments on Philip Morris International Inc
Tobacco product manufacturer Philip Morris International, Inc. (PM) is the world’s second largest tobacco company and owns half of the leading international cigarette brands. The strength of the product portfolio enables the firm to be the price leader in many geographies. More...

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Diamond Hill Capital Comments on GlaxoSmithKline PLC
Global pharmaceutical company GlaxoSmithKline PLC (GSK) has several attractive franchises and pipeline drug candidates that have the potential to add significant value. More...

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Diamond Hill Capital Comments on EOG Resources Inc
Oil and gas exploration and production company EOG Resources, Inc. (EOG) is positioned to generate strong production growth over the next five years and benefits from domestic exposure to productive shale oil acreage. More...

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Diamond Hill Capital Comments on Endurance Specialty Holdings Ltd
Property and casualty insurer Endurance Specialty Holdings Ltd. (ENH) reported higher than expected crop losses due to the cold weather and a decline in corn pricing. In addition, expenses continued to increase as a result of the reorganization initiated by new CEO John Charman. Over the next five years, we believe these changes will position Endurance for significant growth in premiums. More...

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Diamond Hill Capital Comments on Apache Corp
Shares of oil and gas exploration and production company Apache Corp. (APA) responded to the company’s weakened competitive position relative to the domestic oil and gas industry. More...

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Diamond Hill Capital Comments on Citigroup Inc
Banking and financial services provider Citigroup, Inc. (C) continues to deal with litigation issues and a sluggish trading environment. The company’s request to increase capital return to shareholders was denied during the most recent regulatory assessment. Despite these challenges, the company continues to improve its earnings potential and balance sheet. More...

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Diamond Hill Capital Comments on Aaron's Inc
Rental and leasing services company Aaron's, Inc. (AAN) declined due to recent lower traffic and weaker comparable store sales trends, which led to downward revisions in the company’s earnings outlook. More...

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Diamond Hill Capital Comments on Nationstar Mortgage Holdings Inc
Shares of investment manager Fortress Investment Group LLC declined during the quarter as Nationstar Mortgage Holdings, Inc. (NSM), one of the firm’s larger private equity holdings, performed poorly. In addition, the firm’s macro hedge fund has experienced disappointing near-term results. More...

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Diamond Hill Capital Comments on Whirlpool Corp
Household durables company Whirlpool Corp. (WHR) reported strong quarterly results driven by the North America division and Brazil. The company continues to benefit from volume growth and margin expansion. More...

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Diamond Hill Capital Comments on Boston Scientific Corp
Medical device manufacturer Boston Scientific Corp. (BSX) benefitted from continued revenue acceleration and the launch of a new high margin stent with the potential for sizeable share gains. More...

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Diamond Hill Capital Comments on Southwest Airlines Co
Shares of Southwest Airlines Co. (LUV) increased as a result of strong revenue trends and moderating non-fuel costs which led to significant margin expansion. More...

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Diamond Hill Capital Comments on Teva Pharmaceutical Industries Ltd
Generic drug manufacturer Teva Pharmaceutical Industries Ltd. (TEVA) benefitted from the addition of a well-respected CEO and the continued successful transition of patients to a new, patent-protected version of the company’s multiple sclerosis drug. More...

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Diamond Hill Capital Comments on Assurant Inc & Saia Inc
Additionally, we eliminated accident and health insurance company Assurant, Inc. (AIZ) and trucking company Saia, Inc. (SAIA) as these companies’ share prices approached our estimates of intrinsic value. More...

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Diamond Hill Capital Comments on Harris Teeter Supermarkets Inc
Grocery store chain Harris Teeter Supermarkets, Inc. (HTSI) was eliminated as its acquisition by The Kroger Co. was completed. More...

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Diamond Hill Capital Comments on Vail Resorts Inc
Ski resort owner and operator Vail Resorts, Inc.’s (MTN) marquee properties in Colorado enable the company to generate a substantial season pass business that offers quality and value to customers. Smaller lodging and real estate divisions complement the company’s core ski business. More...

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Diamond Hill Capital Comments on ITC Holdings Corp
Electric utility provider ITC Holdings Corp. (ITC) is the only pure play independent electricity transmission company in the country. The company has a strong management team and is able to earn a high return on investment due to the federal government’s interest in promoting investment in electricity transmission following years of underinvestment. More...

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Diamond Hill Capital Comments on First Horizon National Corp
First Horizon National Corp. (FHN) is a Tennessee-based bank whose stock underperformed peers in 2013 due to lingering litigation concerns and continued sluggish performance within its fixed income trading business. The bank has the highest market share in Tennessee, and as one of the more asset-sensitive banks, we believe earnings should increase more quickly in a rising interest rate environment. More...

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