Ric Dillon and Diamond Hill Capital’s Stock Picks for 2013

Page 1 of 2

Diamond Hill Capital, a fund managed by Ric Dillon and his team, has filed their 13F for the end of December. 13F filings disclose many of a fund’s long equity positions at the end of the quarter- meaning that while these stock picks are a little bit out of date, they are quite comprehensive and since they are filed at regular intervals they can be compared over time. Investors can then learn which stocks a fund manager likes and treat it as a free recommendation- review the stock further and buy it if they find that their own research agrees. Here are five of Diamond Hill’s largest stock holdings as of the beginning of 2013 (find more stocks the fund reported owning):

The fund’s top pick as of the beginning of January was Hartford Financial Services Group Inc (NYSE:HIG), with Diamond Hill adding about 1 million shares to its portfolio during the fourth quarter of 2012. Hartford is a property and casualty insurance company with a market cap of nearly $11 billion. That valuation places it at 8 times earnings estimates for this year and at about half the book value of its equity; between those two value metrics, we think it would be worthwhile learning more about the company. Billionaire John Paulson’s Paulson & Co. cut its stake in Hartford during the third quarter of 2012 but still closed September with almost 20 million shares in its portfolio (see Paulson’s stock picks).

Hartford logoDiamond Hill sold some shares of Occidental Petroleum Corporation (NYSE:OXY) but the oil and gas company remained one of the fund’s largest holdings. While the 2013 earnings multiple of 11 may seem low, it is actually relatively high compared to many other oil majors such as BP plc (NYSE:BP) and Chevron Corporation (NYSE:CVX). Net income at Occidental was down 22% in Q3 2012 versus a year earlier. D.E. Shaw, a large hedge fund managed by billionaire David Shaw, was another major shareholder at the end of September (check out D.E. Shaw’s favorite stocks).

Three more of Diamond Hill’s stock picks, including two megabanks:

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

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!