Diamond Hill Capital, an investment management firm, published its “Diamond Hill Small Cap Fund” first-quarter 2022 investor letter – a copy of which can be downloaded here. Diamond Hill invests on behalf of clients through a shared commitment to its valuation-driven investment principles, long-term perspective, capacity discipline, and client alignment. Amid a rocky market environment, the portfolio’s negative returns still outpaced the Russell 2000 Index by a healthy margin in Q1. Try to take some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.
In its Q1 2022 investor letter, Diamond Hill Small Cap Fund mentioned Taseko Mines Limited (NYSE:TGB) and explained its insights for the company. Founded in 1999, Taseko Mines Limited (NYSE:TGB) is a Vancouver, Canada-based copper mining company with a $283.4 million market capitalization. Taseko Mines Limited (NYSE:TGB) delivered a -51.71% return since the beginning of the year, while its 12-month returns are down by -48.17%. The stock closed at $0.99 per share on July 12, 2022.
Here is what Diamond Hill Small Cap Fund has to say about Taseko Mines Limited (NYSE:TGB) in its Q1 2022 investor letter:
“Other top contributors included copper miner Taseko Mines (NYSE:TGB). Its shares rise as commodities prices in general spiked on supply concerns related to Russia’s invasion of Ukraine.”
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Our calculations show that Taseko Mines Limited (NYSE:TGB) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Taseko Mines Limited (NYSE:TGB) was in 6 hedge fund portfolios at the end of the first quarter of 2022, compared to 7 funds in the previous quarter. Taseko Mines Limited (NYSE:TGB) delivered a -53.74% return in the past 3 months.
In November 2021, we also shared another hedge fund’s views on Taseko Mines Limited (NYSE:TGB) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.
Disclosure: None. This article is originally published at Insider Monkey.
