Diamond Hill Select Strategy’s Q2 2023 Investor Letter

Diamond Hill Capital, an investment management company, released its “Select Strategy” second-quarter 2023 investor letter. A copy of the same can be downloaded here. In the second quarter, the strategy outperformed the Russell 3000 Index returning 10.40% net of fees compared to an 8.39% return for the Index. Strength in industrials and healthcare holdings helped the relative performance of the strategy along with discretionary and financials holdings. On the other hand, technology holdings were underweight, which negatively affected the performance during the quarter. Likewise, investments in materials trailed the benchmark and dragged the relative returns. You can check the top 5 holdings of the fund to know its best picks in 2023.