Diamond Hill Capital

Diamond Hill Capital

Last Update: 2014-08-11

Number of Stocks: 148
Number of New Stocks: 6

Total Value: $12,710 Mil
Q/Q Turnover: 9%

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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I Believe AUM Will Continue the Uptrend
In this article, let's take a look at Franklin Resources Inc. (BEN), a $33.07 billion market cap company, which is one of the world's largest asset managers, serving retail, institutional and high-net-worth clients. Let's explore some reasons more closely to see if they are valid enough to invest in this stock. More...

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Diamond Hill Capital Comments on GlaxoSmithKline PLC
We eliminated our position in GlaxoSmithKline PLC (GSK) due to concerns that the company will not be able to preserve the recent level of revenue or profitability generated by its respiratory franchise. Despite its development of high efficacy next generation respiratory drugs that have come to market in advance of Advair losing patent protection, the company is facing extreme pricing pressure from health care payors. Diversified machinery manufacturer Dover Corp. was eliminated as the stock price approached our estimate of intrinsic value. More...

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Diamond Hill Capital Comments on Alere Inc
We initiated a new position in diagnostic systems provider Alere, Inc (ALR). We believe the company has the potential to grow intrinsic value by focusing on cost savings, asset disposals, and debt pay-down. All three of these initiatives would represent avenues to unmask the true long-term earnings power of the company and its core point-of-care diagnostics business. We forecast earnings well above the current consensus estimates. More...

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Diamond Hill Capital Comments on Boston Scientific Corp
Shares of Boston Scientific Corp. (BSX) declined as investors focused on potential liabilities stemming from legal disputes. We continue to see improvement in revenue trends and believe they will be key factors in closing the discount to our estimate of intrinsic value over time. More...

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Diamond Hill Capital Comments on International Business Machines Corp
Diversified information technology company International Business Machines Corp. (IBM) reported second quarter earnings that demonstrated continued execution of the company’s long-term plans. Revenue in the Systems & Technology (hardware) segment as well as revenue in China, two areas of recent concern, improved during the quarter leading to less investor pessimism about the future. More...

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Diamond Hill Capital Comments on Apple Inc
Mobile communication and media device company Apple, Inc. (AAPL) reported strong earnings for the quarter primarily due to the strength in its iPhone segment, which was driven by high growth in China and other emerging market countries. The stock price also appreciated in anticipation of the new products and product categories that were announced late in the quarter. More...

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Diamond Hill Capital Comments on TJX Companies
Discount apparel retailer TJX Cos., Inc. (TJX) reported solid second quarter results. Inventory remained well controlled, which should benefit future merchandise margins. Europe (UK, Western Europe) continued to post impressive results from both a sales and profitability standpoint, which is important as a good portion of future growth rests on this segment. We believe the company continues to be uniquely positioned to capture market share in an environment dominated by value. More...

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Diamond Hill Capital Comments on Microsoft Corp
Shares of software provider Microsoft Corp. (MSFT) advanced following strong quarterly earnings driven by growth in the cloud computing business. Investors also responded favorably to the announcement of a significant cost-cutting program focused on the newly-acquired Nokia division. More...

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Diamond Hill Select Fund Third Quarter 2014 Commentary
The Fund decreased 1.73% (Class I) during the quarter, compared to a 0.01% increase in the Russell 3000 Index. More...

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Diamond Hill Capital Comments on Liquidity Services Inc
We eliminated our position in internet software and services company Liquidity Services, Inc. (LQDT) when company fundamentals deteriorated below our initial expectations. The company lost half of a two-part contract with the Department of Defense to a competitor at renewal. The second part of the contract was renewed, but at terms we believe will be significantly less profitable. More...

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Diamond Hill Capital Comments on Post Holdings Inc
We took advantage of an opportunity to purchase shares in food products company Post Holdings, Inc. (POST) when its stock fell sharply after the company’s quarterly earnings came in below Wall Street analysts’ estimates, and company management lowered its full-year earnings guidance. We believe the stock is attractive at current valuations and view favorably the company’s diversification away from the slow growing cereal category through acquisitions. More...

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Diamond Hill Capital Comments on Hub Group Inc
Shares of freight transportation management company Hub Group, Inc. (HUBG) fell as slower train speeds and longer dwell times by the rails are increasing costs and impacting volumes for Hub Group. These issues are likely to persist into 2015, but the railroads are taking steps to increase capacity and improve service levels. It does not appear that lower service levels are impacting shippers’ attitudes toward longer-term conversion to intermodal. More...

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Diamond Hill Capital Comments on TriMas Corp
Shares of diversified industrial company TriMas Corp. (TRS) fell during the quarter as it lowered earnings guidance for the remainder of the year primarily due to weakness in Cequent North America, which makes high quality, customized engineered towing, trailer and cargo management products. The company also experienced weakness in its Energy and Aerospace segments. More...

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Diamond Hill Capital Comments on Endurance Specialty Holdings Ltd
Shares of property and casualty insurance company Endurance Specialty Holdings Ltd. (ENH) recovered much of its first quarter losses when it announced the termination of its contentious battle to acquire Aspen Insurance Holdings (AHL) after an AHL shareholder vote failed to provide convincing support for Endurance’s offer. More...

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Diamond Hill Capital Comments on Corrections Corp of America
Facilities support management services company Corrections Corp of America (CXW) rose as the company released results above its previous earnings guidance due to elevated demand from Immigration and Customs Enforcement. The better than expected results reflected an increased focus on border patrol and immigration. More...

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Diamond Hill Capital Comments on Vail Resorts Inc
Resort operator Vail Resorts, Inc. (MTN) announced the acquisition of Park City Mountain Resort, which ends lengthy litigation against its previous owner and operator. The company also released a positive season pass sales update and issued strong earnings guidance for next fiscal year. More...

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Diamond Hill Capital Comments on Trinity Industries Inc
Railroad service company Trinity Industries, Inc. (TRN) rose as the company continues to benefit from strong sales in its Railcar Group. In addition, investors are increasingly expecting the size and duration of the product cycle to benefit from more stringent tank car regulations, potentially requiring customers to more aggressively update their fleets. More...

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Diamond Hill Capital Comments on Natus Medical Inc
Shares of medical device manufacturer Natus Medical, Inc. (BABY) increased after reporting strong quarterly earnings and raising its full-year 2014 earnings guidance. While the company has shown improvement in margins for some time, this was the best quarter of organic revenue growth for Natus in years. More...

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Diamond Hill Small Cap Fund Third Quarter 2014 Commentary
The Fund decreased 5.86% (Class I) during the quarter, compared to a 7.36% decrease in the Russell 2000 Index. More...

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Should You Add Cimarex Energy to Your Portfolio?
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 with operations in the Mid-Continent, the Permian Basin and the Gulf of Mexico. More...

Cimarex, Cimarex Energy


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