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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Keywords/Themes | Theme Commentary | Pitches | Letter |
|---|---|---|---|---|---|---|---|---|---|
| 2025 Q1 | Apr 24, 2025 | Diamond Hill Small Cap Fund | -11.5% | -11.5% | AVNS, CIVI, COOP, FA, HLIO, LOB, TFIN, TGB, TTAM, UGI, WDAY | - | View | ||
| 2025 Q3 | Oct 24, 2025 | Diamond Hill Small Cap Fund | 7.9% | 6.7% | DCO, FIP, LEU, MLAB, RRR, TFIN | AI, defense, energy, small caps, tariffs | The fund trailed its benchmark as speculative small caps surged, though holdings like Centrus Energy and Ducommun benefited from AI-related power demand and defense strength. Managers focus on resilient small-cap businesses positioned for long-term growth amid tariff uncertainty and macro volatility. | FTAI DCO USLM RRR LEU COOP LEU COOP |
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| 2025 Q3 | Oct 24, 2025 | Diamond Hill Small-Mid Cap Strategy | 6.2% | 7.3% | CIEN, COO, EQH, GDDY, KMX, RRR, RVTY, TFIN, TTC, WCC | AI, defense, industrials, infrastructure, valuation | The strategy underperformed as AI-driven rallies boosted large-cap tech, though holdings like Ciena and WESCO benefited from AI infrastructure spending. Managers see opportunities in undervalued industrials and defense suppliers such as Huntington Ingalls, which gain from rearmament trends. The team warns of AI overvaluation and focuses on patient value investing amid market exuberance. | RVTY COO TTC HII CIEN HII WCC CIEN |
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| 2025 Q4 | Jan 27, 2026 | Diamond Hill Small Cap Fund | 4.9% | 11.9% | ALGT, ARE, CIVI, CSR, MVBF, ODC, OZK, POST, RKT, SM, TFIN, TKO, TRNS, WCC | defense, industrials, infrastructure, real estate, Resilience, small cap, value, volatility | The manager emphasizes focusing on resilient businesses that can navigate ongoing uncertainty and take advantage of market volatility. They seek companies built with the ability to endure through uncertainty while capitalizing on opportunities. This resilience theme is central to their investment approach in the current volatile environment. The portfolio has exposure to industrial infrastructure which has been neglected from an investment standpoint over the previous decade. The manager sees opportunity in businesses with exposure to industrial infrastructure as a key area of focus. This represents a structural investment theme they are pursuing. Defense modernization is identified as one of the key areas where the manager continues to see opportunity. This sector has been neglected from an investment standpoint over the previous decade, creating potential opportunities for the portfolio. The manager views defense modernization as having structural growth drivers. The manager has exposure to critical materials as an area that has been neglected from an investment standpoint over the previous decade. They continue to see opportunity in businesses with exposure to critical materials. This includes holdings like Taseko Mines, a copper mining company that benefited from rising copper prices. The manager has increasingly been finding opportunities within the real estate sector as of late. They initiated positions in apartment REIT Centerspace and life-sciences real estate company Alexandria Real Estate Equities. The real estate sector represents a growing area of opportunity for the portfolio. | ARE |
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| Date | Pitch Type | Author | Company | Industry | Sub Industry | Bull / Bear | Stock Exchange | Keywords | Action |
|---|---|---|---|---|---|---|---|---|---|
| No pitches found. | |||||||||
| Manager Name | Fund Name | Fund AUM | Invested Value | Portfolio Weight | Shares Owned | Shares Bought / Sold During Quarter | % Bought / Sold During Quarter | % of Shares Outstanding Owned |
|---|---|---|---|---|---|---|---|---|
| Dmitry Balyasny | Balyasny Asset Management | $76.6B | $276,136 | 0.00% | 4,409 | -4,491 | -50.46% | 0.0190% |
| Israel Englander | Millennium Management LLC | $233.2B | $330,311 | 0.00% | 5,274 | -4,646 | -46.83% | 0.0227% |
| Cliff Asness | AQR Capital Management | $190.6B | $657,427 | 0.00% | 10,497 | +3,107 | +42.04% | 0.0452% |
| Cory Martin | Barrow, Hanley, Mewhinney & Strauss | $30.0B | $50.8M | 0.17% | 811,480 | -57,327 | -6.60% | 3.4947% |
| Rich Handler | Jefferies | $19.3B | $261,668 | 0.00% | 4,178 | +4,178 | +100.00% | 0.0180% |
| Richard Kayne & John Anderson | Kayne Anderson Rudnick Investment Management | $37.3B | $132.0M | 0.35% | 2,108,275 | -615,454 | -22.60% | 9.0794% |