Understanding Edge

Long-Short Investing: Enhancing Active Return & Mitigating Active Risk

Hear from portfolio manager Nate Palmer, CFA, as he shares his views on long-short investing and opportunities he’s finding in the market.

 

The portfolio uses short selling which incurs significant additional risk. Theoretically, stocks sold short have the risk of unlimited losses. Overall equity market risks may affect the portfolio’s value.

 

For standardized performance, expenses and important information, click here.

 

Past performance is not indicative of future results. Investment returns and principal values will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. The Fund’s current performance may be lower or higher than the performance quoted. For current to most recent month-end performance, visit diamond-hill.com.

 

Russell 1000 Index measures the performance of roughly 1,000 US large-cap companies. The index is unmanaged, market capitalization weighted, includes net reinvested dividends, does not reflect fees or expenses (which would lower the return) and is not available for direct investment. Index data source: London Stock Exchange Group PLC. See diamond-hill.com/disclosures for full disclaimers.   

 

The Diamond Hill Funds are distributed by Foreside Financial Services, LLC (Member FINRA).

 

Securities referenced may not be representative of all portfolio holdings. Click here to view a complete list of holdings for the Long-Short Fund.

 

The views expressed are those of the speakers as of May 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results or investment advice. Investing involves risk, including the possible loss of principal.

Assessing the Health of Health Care

The NASDAQ Biotechnology Index contains securities of NASDAQ-listed companies classified according to the industry classification benchmark as either biotechnology or pharmaceuticals which also meet other eligibility criteria.

The Bloomberg Large Cap Pharmaceuticals Index consists of large cap pharma stocks.

As of 31 May 2022, Diamond Hill owned shares of Abbott Laboratories, Becton, Dickinson and Co., Pfizer, Inc. and Stericycle, Inc.

The views expressed are those of the speakers as of May 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results.

3-2-1 Liftoff – Rates Are Rising…What’s Next?

How is the steady climb in interest rates across the curve impacting various parts of the financial markets? Hear from our experts as they discuss fixed income markets, bank stocks and the effect sanctions on Russia are having on various businesses.

Clarifications: The Chinese deathcare company mentioned has minimal exposure to Russia.

As of 28 February 2022, Diamond Hill owned shares of BOK Financial Corporation, Nestle SA and Safran SA.

The views expressed are those of the speakers as of March 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results.

Agricultural Impact from Putin’s War

Ukraine’s known as the breadbasket of Europe given its dominant presence in global agricultural commodities markets. So how does the war impact food prices, the spring planting season and the supply chain? Micah Martin, the Director of Research, discusses the effects on the wheat, fertilizer and poultry markets.

 

As of 28 February 2022, Diamond Hill owned shares of Archer-Daniels-Midland Co., Cal-Maine Foods, Inc. and Seaboard Corp.

The views expressed are those of the speaker as of March 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results.

Investing Overseas—More Similarities Than Differences, Part 1

In this two-part series, the international equity research team shares their thoughts about investing in international markets, currency hedging, emerging markets and rising interest rates. In part one, you get to meet our research team members, learn about their backgrounds, and hear their perspectives on currency hedging.

As of January 31, 2022, Diamond Hill owned shares of LVMH Moet Hennessy Louis Vuitton SE, Compagnie Financiere Richemont S.A. (Cl A), Tesco PLC, GlaxoSmithKline PLC, Novartis AG and Roche Holdings AG.

The views expressed are those of the speakers as of February 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results

Energy Update—The War’s Impact and Beyond

Hear from our energy analyst, Blake Haxton, JD, CFA, on the impact the war is having on the oil and gas industry and his insights on what to expect going forward.

As of 31 December 2021, Diamond Hill owned debt in Apple, Inc. 

The views expressed are those of the speaker as of March 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk including the possible loss of principal. Past performance is not a guarantee of future results.

The 80/20 Principle, Kaizen & the Productivity Revolution

Many businesses take drastic measures to improve operational efficiency, but few achieve the desired outcome. Learn more about the 80/20 principle and the Kaizen philosophy and how some companies have achieved success by implementing these practices.

As of January 31, 2022, Diamond Hill owned shares of Colfax Corp., General Motors Co. and SPX Flow, Inc. As of November 30, 2021, Diamond Hill owned debt in Ford Motor Co.

The views expressed are those of the speaker as of January 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results.

Network Effect — One of Technology’s Most Powerful Forces

Network effects are one of the most valuable – but difficult to maintain – advantages in the tech space. Analyst Varun Gupta, CFA, explains the benefits of these effects and why it’s so challenging for companies to maintain their edge.

As of December 31, 2021, Diamond Hill owned shares of Alibaba Group Holding Ltd., Alphabet, Inc. (Cl A), Meta Platforms, Inc. (Cl A), Microsoft Corp. and Tencent Holdings Ltd. As of November 30, 2021, Diamond Hill owned debt in Apple, Inc.

The views expressed are those of the speaker as of January 2022 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results.

 

International Markets: Valuations Now and Future Opportunities

Over the past two years, much has transpired in global markets and economies. As we consider what the market might have in store for 2022, portfolio manager Grady Burkett, CFA, shares his views on global valuations and forward-looking growth.

As of November 30, 2021, Diamond Hill owned share of Ashmore Group PLC, Compagnie Financiere Richemont S.A. (Cl A), Nestlé S.A., Nintendo Co. Ltd., Novartis AG, Roche Holdings AG, Rogers Communications, Inc. (Cl B), Safran S.A., Samsung Electronics Co. Ltd., Swatch Group AG, Tencent Holdings Ltd., Tesco PLC, Unilever PLC and Walt Disney Co.

The views expressed are those of the speaker as of December 2021 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results.

Inflation, Supply Chains & a Pandemic - How are Retailers Navigating an Uncertain Environment?

From consumer spending to inflationary pressures to supply chains, analyst Mitch Linhart, CFA, examines the state of retail today.

As of November 30, 2021, Diamond Hill owned shares of Hanesbrands, Inc., Home Depot, Inc. and TJX Cos., Inc.

The views expressed are those of the speaker as of December 2021 and are subject to change without notice. These opinions are not intended to be a forecast of future events, a guarantee of future results, or investment advice. Investing involves risk, including the possible loss of principal. Past performance is not a guarantee of future results.