Understanding Edge

CEO Heather Brilliant reflects on 2020, discussing our ongoing commitment to alignment with clients, our diversity, equity and inclusion efforts, and more. The views expressed are those of Diamond Hill as of December 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. This material is for informational pur...

Portfolio Manager Henry Song discusses finding value in the underutilized securitized area of the market and how securitized strategies can fit into an investor’s portfolio. The views expressed are those of Diamond Hill as of November 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. Investment Grade is...

Analyst John Loesch shares how banks have fared during this year’s market downturn compared to the financial crisis and discusses how technology and COVID-19 are changing how people bank going into 2021. The views expressed are those of Diamond Hill as of November 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investmen...

Director of Research Micah Martin discusses how the analyst team approaches fundamental analysis. The views expressed are those of Diamond Hill as of November 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. As of October 31, 2020, Diamond Hill owned equity shares of Cal-Maine Foods, Inc., Green Brick P...

Analyst Blake Haxton provides an update on where demand for air travel stands today and discusses the possibility of a stimulus package for airlines. The views expressed are those of Diamond Hill as of October 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. As of September 30, 2020, Diamond Hill owned...

Will consumption habits formed amid pandemic shut-downs be more lasting? Perhaps—and that can be key in understanding future demand patterns and how those influence businesses’ long-term earnings power. The views expressed are those of Diamond Hill as of October 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment...

Chief Client Officer Jo Ann Quinif shares how our client team has continued to serve clients remotely and what she views as unique attributes of the team. The views expressed are those of Diamond Hill as of September 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. This material is for informational pur...

Innovation and productivity in the pharmaceutical industry has been in steady decline for decades. However, we believe the industry is poised for a comeback. The views expressed are those of Diamond Hill as of September 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. As of July 31, 2020, Diamond Hill o...

Analyst Blake Haxton discusses the state of the oil industry after months of subdued demand and March’s price war, and shares where air travel demand stands today. The views expressed are those of Diamond Hill as of August 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. As of July 31, 2020, Diamond Hil...

Smart, energy-efficient buildings have been in demand for years, but their features have historically been viewed as luxuries versus necessities. COVID-19 has turned that view on its head. The views expressed are those of Diamond Hill as of August 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. As of J...

Fixed income portfolio manager Henry Song reviews the volatile first half of 2020 in the securitized market, from the early days of the pandemic to the more recent recovery. The views expressed are those of Diamond Hill as of July 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. This material is for inf...

CIO Austin Hawley discusses the dramatic underperformance of value stocks relative to growth stocks, why traditional definitions of value may need to evolve with the changing economy and why price is still an important factor in determining future returns. The views expressed are those of Diamond Hill as of June 2020 and are subject to change. These opinions are not intended to be a forecast of fu...

From smartphones to voice assistants, machine learning and AI techniques are becoming integral in our daily lives. Internet advertising analyst Varun Gupta examines why these technologies are central to Alphabet and Facebook’s success. The views expressed are those of Diamond Hill as of June 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guaran...

COVID-19 has created an unanticipated experiment in working remotely, a trend many have speculated could become the new normal. Real estate analyst Josh Barber explains what a return to the office would look like and what ongoing remote working could mean for our real estate holdings. The views expressed are those of Diamond Hill as of June 2020 and are subject to change. These opinions are not in...

Portfolio Manager Bill Zox discusses the current opportunity set he sees in the high yield market and how recent intervention by the federal government has impacted the market. The views expressed are those of Diamond Hill as of May 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. The ICE BofA U.S. High...

Banking analyst John Loesch discusses how COVID-19 has impacted bank stocks and how the current rate environment is impacting the sector. The views expressed are those of Diamond Hill as of May 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. As of April 30, 2020, Diamond Hill owned Sterling Bancorp (eq...

Consumer commodities analyst Micah Martin discusses how COVID-19 has disrupted the U.S. protein supply chain and how this could lead to protein shortages for consumers. The views expressed are those of Diamond Hill as of April 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. As of March 31, 2020 Diamond...

Diamond Hill energy analyst Blake Haxton discusses the recent energy price rout, the collision of supply and demand disruptions, why geology matters in oil production and the impact on long-term investors. The views expressed are those of Diamond Hill as of April 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment...

Health care analysts Chendhore Veerappan and Laura O’Dell discuss treatments health care companies are developing for COVID-19, how they’re ramping testing capacity and what the virus means for health care holdings in our portfolios. The views expressed are those of Diamond Hill as of April 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarant...

CEO Heather Brilliant, Director of IT John Kroeger and CCO Gary Young discuss our business continuity and disaster recovery plans and how they have been put into action due to COVID-19. The views expressed are those of Diamond Hill as of March 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. This materi...

Portfolio Manager Chuck Bath discusses how current market volatility compares to other periods of volatility he’s seen throughout his nearly 40-year career and how he maintains a long-term approach amid market turbulence. The views expressed are those of Diamond Hill as of March 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of result...

Portfolio Manager Grady Burkett, CFA, and Analyst Yiting Liu, CFA, share how the market sell-off caused by COVID-19 is impacting our International Strategy and how they’re opportunistically adding to holdings in the portfolio. The views expressed are those of Diamond Hill as of February 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee o...

CIO Austin Hawley, CFA, discusses how market volatility caused by COVID-19 is impacting our equity portfolios and the benefits of short-term volatility. The views expressed are those of Diamond Hill as of February 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee of results, or investment advice. As of January 31, 2020 Diamond Hill owned...

Market dislocations caused by macro events, such as coronavirus, can provide long-term investment opportunities for patient investors. Analyst Yiting Liu, CFA explains how this has held true for our airport operator investments. The views expressed are those of Diamond Hill as of February 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a guarantee...

Chris Welch, CFA and Aaron Monroe, CFA discuss their first year as co-portfolio managers for the Small Cap strategy, sharing their thoughts on decision making in the co-PM structure, cash levels, and concentration within the portfolio. The views expressed are those of Diamond Hill as of February 2020 and are subject to change. These opinions are not intended to be a forecast of future events, a gu...