Fund manager Diamond Hill Investments is publicly traded on NASDAQ under symbol DHIL. The performances of the firm’s small cap fund is very impressive, during the past 10 years it outperformed the benchmark by more than 5% a year.
If you like to do more research about the firm, read the Annual CEO Letter for Shareholders. Their investment letters also provide deep insights for value investors, and we strongly recommend you to read it. This is what they wrote in winter of 2001: “Current valuations are still problematic. The mere fact that many stocks are considerably lower than they were a year ago does not necessarily make them attractive for current investment.” In an article titled “Greed gives way to Fear” in Aug. 2007, they wrote: “Over the years we have seen many times when those who take excessive risk are severely penalized; this appears to be one of those times.”
This is the sector weightings of his portfolio:
These are the top 5 holdings of Diamond Hill Capital
If you like to do more research about the firm, read the Annual CEO Letter for Shareholders. Their investment letters also provide deep insights for value investors, and we strongly recommend you to read it. This is what they wrote in winter of 2001: “Current valuations are still problematic. The mere fact that many stocks are considerably lower than they were a year ago does not necessarily make them attractive for current investment.” In an article titled “Greed gives way to Fear” in Aug. 2007, they wrote: “Over the years we have seen many times when those who take excessive risk are severely penalized; this appears to be one of those times.”
- New Purchases: ACGL, AXP, CXW, DFS, DHFT, DNR, ENR, LNCE, LQDT, MMM, SAIA, STL, WL,
- Added Positions: ABT, ADS, AGO, AIZ, APA, APC, D, DELL, DVN, FAF, FCAL, FLR, FRX, GSOL, HMN, ITW, JNJ, JPM, KG, KLAC, KMB, MS, MSFT, NPBC, OXY, PEP, PFE, PG, SWN, SYY, TRV, UFCS, UTX, WMT,
- Reduced Positions: ALOG, BEAV, CMA, CSCO, CSGS, CYN, RDK, STNR, TRN, TTC, VTIV,
- Sold Out: AFL, AVY, CAH, CFL, HBI, IWB, LUV, SBCF, SNV,
This is the sector weightings of his portfolio:
| Oil & Gas | 20.2% |
| Financials | 18.2% |
| Health Care | 17.4% |
| Industrials | 14.7% |
| Consumer Goods | 12.1% |
| Technology | 7.2% |
| Consumer Services | 6.9% |
| Utilities | 3.3% |
These are the top 5 holdings of Diamond Hill Capital
- Apache Corp. (APA) - 2,443,937 shares, 4.14% of the total portfolio. Shares added by 2.58%
- Occidental Petroleum Corp. (OXY) - 2,745,021 shares, 3.87% of the total portfolio. Shares added by 6.17%
- Anadarko Petroleum Corp. (APC) - 3,114,329 shares, 3.78% of the total portfolio. Shares added by 2.67%
- United Technologies Corp. (UTX) - 2,671,765 shares, 3.28% of the total portfolio. Shares added by 4.98%
- Medtronic Inc. (MDT) - 4,338,919 shares, 3.26% of the total portfolio. Shares added by 1.93%
