Diamond Hill Capital Management Top Picks: United Technologies Corp. (UTX), American International Group Inc. (AIG) & More

In the current round of 13F filings, hedge funds and other institutional investors are disclosing their equity portfolios as held at the end of the last year.  One of these funds is Ric Dillon’s Diamond Hill Capital, which in its latest 13F filing disclosed an equity portfolio with a total value of about $10.96 billion, up from about $9.92 billion at end of third quarter of 2013. The fund holds a diversified equity portfolio with around 26% invested in the Financial sector, followed by Healthcare in which the fund holds around 14%.

We have picked the five largest holdings from the Diamond Hill Capital’s equity portfolio, in terms of value, as at the end of last year.

United Technologies Corp. (NYSE:UTX) is the first holding in which the fund disclosed a $320.69 million stake. The fund owned about 2.82 million shares by the end of the year, compared to about 2.76 million shares held by the end of third quarter of 2013.

United Technologies Corporation (NYSE:UTX)

United Technologies Corp. (NYSE:UTX) reported full-year 2013 net income attributable to common shareowners of $5.7 billion, up 17% from the prior year. The company provides high technology products and services to the building and aerospace industries.

American International Group Inc. (NYSE:AIG) is the second on the list. Diamond Hill Capital upped its shares in American International Group Inc. (NYSE: AIG) to about 6.02 million, compared to about 5.91 million. The fund disclosed a stake of $307.29 million in the company.

Medtronic Inc. (NYSE:MDT) is represented in the Diamond Hill Capital’s equity portfolio by a $302.61 million stake, which amasses 5.27 million shares. Medtronic Inc. (NYSE:MDT) is the world’s largest independent medical technology company. In January, Medtronic Inc. (NYSE: MDT) announced the relocation of its regional Middle East and Africa (MEA) headquarters to Dubai.

Diamond Hill Capital disclosed the fourth-largest holding in Occidental Petroleum Corp. (NYSE:OXY), which amasses 3.15 million shares, with a reported value of $299.62 million. Occidental Petroleum Corp. (NYSE: OXY) is an oil and gas exploration and production company that operates in the United States, the Middle East, North Africa, and South America.

Citigroup Inc (NYSE:C) comes in as the fifth most valuable holding in the Diamond Hill Capital’s equity portfolio, the position containing 5.70 million shares. The fund’s value of the stake amounts to $297.27 million.

Disclosure: none

Recommended Reading:

Deerfield Management Reports New Stake in KaloBios Pharmaceuticals Inc (KBIO)

Hedge Fund Highlights: Warren Buffett, Bill Ackman & Richard Gerson

Hedge Fund News: Leon Cooperman, Dan Loeb & George Soros

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!