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Diamond Hill Capital’s Top 5 Buys in the 2nd Quarter

Diamond Hill Money (Trades, Portfolio) disclosed this 7 days that its prime 5 buys for...

Diamond Hill Money (Trades, Portfolio) disclosed this 7 days that its prime 5 buys for the next quarter have been VF Corp. (NYSE:VFC), Carrier Worldwide Corp. (NYSE:CARR), Mondelez Worldwide Inc. (NASDAQ:MDLZ), Community Storage (NYSE:PSA) and Proctor & Gamble Co. (NYSE:PG).

Founded in 2000, the Columbus, Ohio-based mostly business invests in stocks based mostly on fundamental analyses of companies’ profitability and current market posture, monetary and competitive posture, management excellent, valuation and progress parts of valuation.


As of the quarter’s stop, Diamond Hill’s (NASDAQ:DHIL) $sixteen.ninety six billion equity portfolio has 149 stocks, with ten new positions and a turnover ratio of eight%. The prime four sectors in phrases of body weight are monetary solutions, shopper cyclical, shopper defensive and wellbeing treatment, representing 26.75%, 14.05%, 12.thirty% and eleven.90% of the equity portfolio.



Diamond Hill purchased three,052,793 shares of VF, increasing the posture 261.67% and the equity portfolio one.ten%. Shares averaged $58.15 during the next quarter.


The Greensboro, North Carolina-based mostly organization types and manufactures branded clothing and accessories by means of models like Vans, The North Face and Columbia. GuruFocus ranks the firm’s profitability 6 out of ten: Earnings margins and returns are outperforming above 70% of global opponents in spite of languishing around ten-yr lows. The web page also warns that VF’s days inventory increased above the trailing 12 months, suggesting deceleration in product sales.


Other gurus with holdings in VF incorporate Pioneer Investments (Trades, Portfolio) and Jerome Dodson (Trades, Portfolio)’s Parnassus Endeavor Fund (Trades, Portfolio).


Diamond Hill disclosed a stake of seven,236,571 shares in Carrier, dedicating .ninety five% of its equity portfolio to the stake. Shares averaged $eighteen.38 during the next quarter.


Along with Otis Around the globe Corp. (NYSE:OTIS), Carrier separated on April three from United Technologies even though the Farmington, Connecticut-based mostly industrial conglomerate merged with Raytheon to from Raytheon Technologies Corp. (NYSE:RTX). Carrier manufactures heating, air flow and air conditioning systems for residential and business entities.



Diamond Hill purchased two,950,571 shares of Mondelez, expanding the posture sixty three.39% and the equity portfolio .89%. Shares averaged $fifty one.34 during the next quarter.


The Deerfield, Illinois-based mostly organization makes nicely-known snack models like Oreos and Chips Ahoy. GuruFocus ranks Mondelez’s profitability 6 out of ten: Although the organization has increasing running margins, its a few-yr profits progress fee of two.50% underperforms 52.88% of global opponents.


Community Storage

Diamond Hill purchased 610,679 shares of Community Storage, providing the holding .sixty nine% body weight in the equity portfolio. Shares averaged $193.sixteen during the next quarter.


The Glendale, California-based mostly REIT owns and operates above two,300 self-storage services in 38 states. GuruFocus ranks Community Storage’s monetary energy seven out of ten on the back again of debt ratios outperforming above 90% of global opponents, partly offset by a reasonably lower Piotroski F-score of four.


Proctor & Gamble

Diamond Hill purchased 644,487 shares of Proctor & Gamble, expanding the posture 27.forty four% and the equity portfolio .45%. Shares averaged $116.forty two during the next quarter.


GuruFocus ranks the Cincinnati-based mostly shopper products and solutions giant’s profitability seven out of ten: The firm’s a few-yr profits progress outperforms just 56% of global opponents in spite of a large Piotroski F-score of seven and increasing running margins.


Disclosure: Extensive Proctor & Gamble.

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About the creator:

James Li

I am an editorial researcher at GuruFocus. I have a Master’s in Finance from SMU, and I love crafting stories on monetary tendencies and trader portfolios. Comply with me on Twitter at @JamesLiGuru!

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