Diamond Hill Capital

Diamond Hill Capital

Last Update: 05-13-2015

Number of Stocks: 143
Number of New Stocks: 6

Total Value: $14,411 Mil
Q/Q Turnover: 7%

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 (%)
20144.613.69-9.1
201339.732.397.3
201212.8816-3.1
3-Year Cumulative64.9 (18.2%/year)74.6 (20.4%/year)-9.7 (-2.2%/year)
2011-7.172.11-9.3
201022.9915.067.9
5-Year Cumulative88.3 (13.5%/year)105.1 (15.5%/year)-16.8 (-2%/year)
200928.9226.462.5
2008-25.99-3711.0
2007-3.795.49-9.3
20067.0315.79-8.8
200512.94.918.0
10-Year Cumulative108.9 (7.6%/year)109.4 (7.7%/year)-0.5 (-0.1%/year)
200429.2610.8818.4
200350.1828.6821.5
2002-8.23-22.113.9
200125.46-11.8937.3

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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Diamond Hill Capital Adds Stake in Google to Portfolio Diamond Hill Capital - Diamond Hill Capital Adds Stake In Google To Portfolio
Diamond Hill Capital (Trades, Portfolio) has been quite successful serving its client base, which includes both businesses and individuals. Its return of 4.6% last year was below average for Diamond Hill; double-digit returns are more common in its asset management for others. More...

QUARTER RESULTS, STOCK


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Cimarex Energy Had One of the Highest Growth Rates Among Petroleum Companies
In this article, let's take a look at Cimarex Energy Co. (XEC), a $12.32 billion market cap company, which is an independent oil and gas exploration and production company which has operations in the Mid-Continent, the Permian Basin and the Gulf of Mexico. More...

Cimarex Energy


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Want to Go in Kimberly-Clark Corporation?
In this article, let's take a look at Kimberly-Clark Corporation (KMB), a $39.44 billion market cap company, which is best known for brands such as Kleenex, Scott, Huggies and Kotex. More...

STOCKS, SERVICES


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Mattel Is losing Ground Due to New Trends and Higher Competition
In this article, let's take a look at Mattel Inc.(MAT), a $7.65 billion market cap toy company whose successful brands and products include Barbie dolls, Fisher-Price toys, American Girl dolls and books and Hot Wheels. More...

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A Look at McDonald´s Performance
In this article, let's take a look at McDonald's Corp. (MCD), a $93.19 billion market cap company, which ist he largest fast-food restaurant company in the world, with about 35,000 restaurants in 119 countries. More...

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Diamond Hill Select Fund Commentary: Post Holdings, Vantiv, EOG Resources
We took advantage of the stock market’s over-reaction to food products company Post Holdings, Inc.’s (POST) weak quarterly results to initiate a position in the Fund. We also initiated a position in Vantiv, Inc. (VNTV) as the company’s shares traded lower after a mild third quarter disappointment in the financial institution segment of its business. The shares then rebounded during the fourth quarter as investors focused on the long-term growth story and attractive valuation. We believe Vantiv has an attractive growth profile and should continue to generate high single-digit organic revenue growth and mid-teens earnings per share growth. More...

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Diamond Hill Capital Large Cap Commentary: Capital One, Eastman Chemical
We initiated new positions in two companies. Credit services company Capital One Financial Corp. (COF) is one of the most recognized brands in financial services and the 8th largest bank in the U.S. The firm has national scale as a top five credit card and auto lender and a significant traditional branch banking presence with commercial lending capabilities in a number of large U.S. markets. We expect Capital One’s core credit card and auto loan segment to experience continued loan growth as a function of an improving economy, an improving job market and increasing confidence in consumer spending decisions. Capital One also benefits from the continuing shift in favor of electronic payments (i.e., ApplePay) versus cash and check. We believe Capital One will continue to generate healthy returns in a business model that is capital generative and the market will reward Capital One for its earnings power and its management’s new focus on returning capital to shareholders versus acquisitions. More...

LONG


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Diamond Hill Capital Comments On New Positions
We initiated a position in financial holding company BOK Financial Corp. (BOKF), a high-quality, Oklahoma-based bank that we have followed for years. BOK Financial has a great franchise, and due to large insider ownership, its shares are infrequently available at an attractive discount to intrinsic value. The shares sold off after oil prices declined reflecting BOK’s larger-than-peer exposure to the energy sector. We believe the market was penalizing the shares more than justified and not respecting the company’s multi-decade track record of sound underwriting in the energy sector. More...

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Diamond Hill Capital Comments on Nationstar Mortgage Holdings Inc
The largest detractors within financials were First Niagara Financial Group, Inc. and Nationstar Mortgage Holdings, Inc (NSM). Nationstar is a non-bank mortgage servicer whose primary competitor, Ocwen Financial Corp., has encountered great regulatory scrutiny. We believe Nationstar may ultimately benefit from Ocwen’s problems, while thus far the market is skeptical. More...

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Diamond Hill Small Cap Fund 2014 Portfolio Commentary
The Diamond Hill Small Cap Fund returned 4.86% (Class I) in 2014 compared to a 4.89% return for the Russell 2000 Index. In 2014, the small cap market’s best performing sectors were healthcare, utilities, and consumer staples. These sectors tend to be seen as relatively defensive and associated with “safe havens.” Utilities, in particular, also tend to do well when interest rates fall as many view regulated utilities as the most bond-like of equity investments. Government interest rates declined during the year, with the 10-year Treasury finishing below 2.2%, down from levels around 3% at the beginning of the year. Energy was by far the worst performing sector in 2014, as crude oil prices declined nearly 50%. The Fund’s underperformance can largely be attributed to having a larger allocation to energy stocks and a smaller allocation to healthcare stocks than the Index. In addition, while stock selection was generally good, the consumer staples sector was an exception. More...

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Diamond Hill Capital Q4 2014 Market Review
Driven by an expanding economy, growing corporate profits, and persistently low interest rates, the broad U.S. equity market posted its sixth consecutive annual gain in 2014. The S&P 500 Index finished the year with a 13.7% total return (including dividends), and the Federal Reserve signaled its belief in the economy’s ability to grow without assistance by concluding its bond purchasing program known as Quantitative Easing, or QE, in October 2014. Although investors expect the Fed to raise interest rates sometime in 2015, its overall monetary policy remains accommodative, encouraging equity investors. More...

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Diamond Hill Capital Comments on EOG Resources Inc
We eliminated our position in oil and gas exploration and production company EOG Resources, Inc. (EOG) as a result of what we believe to be structural changes in the competitive dynamics of the global oil industry and subsequent change to our estimate of intrinsic value. A combination of domestic oil production growth, an increase in the supply of oil from Libya, weakening demand trends in Europe and Asia, and OPEC’s unwillingness to reduce output to mitigate anticipated over-supply led to a significant decline in oil prices as well as a decline in the oil price outlook over the next few years. More...

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Diamond Hill Capital Comments on Vantiv Inc
We also initiated a position in Vantiv, Inc. (VNTV) as the company’s shares traded lower after a mild third quarter disappointment in the financial institution segment of its business. The shares then rebounded during the fourth quarter as investors focused on the long-term growth story and attractive valuation. We believe Vantiv has an attractive growth profile and should continue to generate high single digit organic revenue growth and mid-teens earnings per share growth. More...

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Diamond Hill Capital Comments on Alere Inc
Diagnostic systems provider Alere, Inc. (ALR) declined after installing a new CEO during the quarter, while weathering an unsolicited attempt by the previous CEO to take the company private. Subsequently, the company announced that it would sell its Health Management business in a first sign of the implementation of a new agenda focused on asset sales and debt paydown. More...

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Diamond Hill Capital Comments on Hub Group Inc
Freight transportation management company Hub Group, Inc. (HUBG) declined after it reported weak third quarter earnings. The company also lowered guidance for the remainder of the year due to poor service levels from its rail partners, as well as a legal settlement with drayage drivers in California. We believe rail service levels should begin to improve in 2015 as railroads are currently making investments to add additional capacity. More...

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Diamond Hill Capital Comments on International Business Machines Corp
Diversified information technology company International Business Machines Corp. (IBM) declined after the company reported disappointing third quarter earnings and management indicated that it would fail to meet the 2015 earnings guidance detailed in the company’s much-publicized 2015 Roadmap. More...

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Diamond Hill Capital Comments on Willis Group Holdings PLC
Insurance brokerage firm Willis Group Holdings PLC (WSH) reported worse than anticipated third quarter earnings with organic revenue growth in the company’s Global segment hurt by a soft reinsurance market and tough comparisons in the prior year period. However, expenses stabilized and the company appears poised to show meaningful margin improvement over the next several quarters. More...

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Diamond Hill Select Fund Q4 2014 Commentary
The Fund increased 6.17% (Class I) during the quarter, compared to a 5.24% increase in the Russell 3000 Index. More...

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Diamond Hill Capital Comments on Trinity Industries Inc
Railroad service company Trinity Industries, Inc. (TRN) declined, as the railcar segment is heavily influenced by demand for tank cars to transport oil. Weaker oil pricing puts this demand at risk. The company also suffered a setback in a large lawsuit. More...

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Diamond Hill Capital Comments on Aircastle Ltd
Aircraft rental and leasing company Aircastle Ltd. (AYR) rose after reporting strong third quarter earnings, as core leasing revenue increased and cash interest margins improved due to lower financing costs. The company also increased its quarterly dividend and announced a share repurchase authorization. More...

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