Diamond Hill Capital Select Strategy’s Q1 2024 Investor Letter

Diamond Hill Capital, an investment management company, released its “Select Strategy” first-quarter 2024 investor letter. The portfolio appreciated double digits in Q1 outperforming the Russell 3000 Index. The strategy returned 12.66% gross of fees and 12.43% net of fees vs 10.02% for the index. The relative performance of the portfolio concentrated on discretionary, financials, and consumer staples holdings however industrials and healthcare holdings, while positive on an absolute basis, trailed benchmark peers, posing a relative headwind in Q1. Relative performance was also negatively impacted by lack of exposure to the communication services sector. In addition, you can check the top 5 holdings of the fund to know its best picks in 2024.

A copy of Diamond Hill Capital Select Strategy’s Q1 2024 investor letter can be downloaded here.