Diamond Hill Capital Large Cap Fund’s Q2 2025 Investor Letter

Diamond Hill Capital, an investment management company, released its “Large Cap Fund” first-quarter 2025 investor letter. After a significant decline in April following President Trump’s “Liberation Day” tariffs announcement, markets recovered and increased consistently for the remainder of the quarter. The strategy modestly trailed the Russell 1000 Value Index in the second quarter and returned 2.87% (net) vs 3.79% for the index. The financial and consumer discretionary holdings lagged, while healthcare and communication services outperformed, boosting overall performance. To get an idea of the fund’s best choices for 2025, check out its top 5 positions.

A copy of Diamond Hill Capital Large Cap Fund’s Q2 2025 investor letter can be downloaded here.