LongJPMSep 2026
JPMorgan Chase & Co.
Diamond Hill opened a position in JPMorgan because its scale permits sustained investment in banking technology. Efficiency gains from those investments should help contain…
Diamond Hill Capital Management, LLC
Fundamental large-cap value investing in companies trading below the manager’s estimates of intrinsic value.13 published ideas
Diamond Hill Capital Management, LLC is a registered investment adviser providing strategies to individual and institutional clients. Its Large Cap Strategy invests primarily in businesses worth at least $5 billion in market capitalization that trade below assessed intrinsic value. The portfolio managers highlighted in this commentary are Chuck Bath and Nate Palmer, with Matt Stadelman as client portfolio manager.
Ideas from Diamond Hill Capital Management, LLC
LongCVXSep 2026
Chevron Corporation
Diamond Hill bought Chevron to increase exposure to oil prices and stronger refining margins. Renewed Middle East hostilities and persistent refinery tightness have supported the…
LongAEESep 2026
Ameren Corporation
Diamond Hill added Ameren for a combination of regulated-utility stability and long-term growth. The business benefits from a supportive regulatory environment and a strong…
LongMSFTSep 2026
Microsoft Corporation
Diamond Hill expects Microsoft to continue benefiting from resilient enterprise-software demand and rapid AI adoption. Strong Azure results included reaccelerating quarterly…
LongCRMSep 2026
Salesforce, Inc.
Diamond Hill retains a favorable view of Salesforce as an established customer-relationship-management software franchise. Strong guidance for fiscal 2027 supports a setup for…
LongTMOSep 2026
Thermo Fisher Scientific Inc.
Diamond Hill views Thermo Fisher as a way to benefit from an improvement in spending across life-sciences end markets. Second-quarter results were strong and customer activity…
LongGOOGLSep 2026
Alphabet Inc.
Diamond Hill initiated Alphabet because it believes AI is enhancing rather than destroying the core Google search and advertising business. Its products can incorporate AI to…
LongCARRSep 2026
Carrier Global Corporation
Diamond Hill continues to see long-term potential in Carrier despite a weak quarter for the shares. Revenue growth exceeded expectations, but inflation and tariffs hurt margins…
LongTSMSep 2026
Taiwan Semiconductor Manufacturing Company Limited
Diamond Hill initiated Taiwan Semiconductor Manufacturing to gain direct exposure to growing AI compute demand. As the largest contract semiconductor producer, it manufactures…
LongMETASep 2026
Meta Platforms, Inc.
Diamond Hill initiated Meta because the market was not fully appreciating its accelerating advertising business. Its consumer platforms serve more than 3.5 billion daily active…
LongSYKSep 2026
Stryker Corporation
Diamond Hill bought Stryker for its position in surgical instruments, medical devices and implants across orthopedics and neurovascular care. A broad product set and consistent…
LongITSep 2026
Gartner, Inc.
Diamond Hill initiated Gartner after slowing growth and worries about AI disruption reduced the stock’s valuation. The manager believes clients continue to derive significant…
LongRIGSep 2026
Transocean Ltd.
Diamond Hill initiated Transocean to benefit from a constrained supply of offshore drilling capacity and improving industry demand. Oil and gas producers need to replenish…
Letters covered
- Large Cap Strategy – Q3 2026 CommentarySeptember 30, 2026
Source PDFs are not republished here; only extracted ideas and quotes.