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Diamond Hill Capital Long-Short Fund’s Q2 2024 Investor Letter

Diamond Hill Capital, an investment management company, released its “Long-Short Fund” second-quarter 2024 investor letter. The portfolio achieved positive returns in Q2 but trailed the Russell 1000 Index and the blended benchmark (60% Russell 1000 Index/40% Bloomberg US Treasury Bills 1-3 Month Index). The short positions didn’t perform as well as the index, giving a relative tailwind to the performance. The long positions in industrials, materials, and real estate holdings contributed to relative strength. In addition, you may look at the fund’s top 5 holdings to learn about its...