Diamond Hill
Diamons Hill Small Mid Cap Fund
Mid-cap
Dec 2024 → Dec 2024
Our archive holds 1 letter from this strategy, behind 3 investment theses and positions in 20 companies. Every quote below is copied verbatim from the letter it came from.
1 letter in a year · follow all of Diamond Hill for every strategy.
What it bought and sold
We initiated a number of new positions in Q4, including ICON, Informatica, Teleflex Incorporated, Teledyne Technologies, Rexford Industrial Realty and Solventum Corporation.
We initiated a number of new positions in Q4, including ICON, Informatica, Teleflex Incorporated, Teledyne Technologies, Rexford Industrial Realty and Solventum Corporation.
We initiated a number of new positions in Q4, including ICON, Informatica, Teleflex Incorporated, Teledyne Technologies, Rexford Industrial Realty and Solventum Corporation.
We funded these purchases in part with proceeds from the sales of real estate investment company Jones Lang LaSalle, enterprise computing solutions provider Arrow Electronics and regional bank BOK Financial, all of which we exited in favor of more compelling opportunities elsewhere.
We also sold Fortrea, a contract research organization providing biopharmaceutical product and medical device development services, in favor of peer ICON given Fortrea’s highly leveraged balance sheet, which has become an increasing liability amid a slowdown in contract research organization industry orders.
We funded these purchases in part with proceeds from the sales of real estate investment company Jones Lang LaSalle, enterprise computing solutions provider Arrow Electronics and regional bank BOK Financial, all of which we exited in favor of more compelling opportunities elsewhere.
We initiated a number of new positions in Q4, including ICON, Informatica, Teleflex Incorporated, Teledyne Technologies, Rexford Industrial Realty and Solventum Corporation.
We funded these purchases in part with proceeds from the sales of real estate investment company Jones Lang LaSalle, enterprise computing solutions provider Arrow Electronics and regional bank BOK Financial, all of which we exited in favor of more compelling opportunities elsewhere.
We initiated a number of new positions in Q4, including ICON, Informatica, Teleflex Incorporated, Teledyne Technologies, Rexford Industrial Realty and Solventum Corporation.
We initiated a number of new positions in Q4, including ICON, Informatica, Teleflex Incorporated, Teledyne Technologies, Rexford Industrial Realty and Solventum Corporation.
Also held
Its investment theses
- InformaticaDec 2024Informatica is a promising data management software company with a solid long-term outlook, currently transitioning to cloud-native solutions, which presents an attractive investment opportunity.
- Rexford Industrial RealtyDec 2024Rexford Industrial Realty is a warehouse REIT focused on Southern California, facing short-term challenges but positioned for medium-term gains due to slowing new supply and an attractive valuation.
- Teledyne TechnologiesDec 2024Teledyne Technologies is a diversified industrial technology provider with a strong history of value creation, making it an attractive investment despite some investor skepticism regarding its acquisition of FLIR Systems.