# EDGAR Filing Document

**Accession Number:** 0001032423
**File Stem:** 0000910472-25-005433
**Filing Date:** 2025-12
**Character Count:** 14091
**Document Hash:** b3b42cad2cd933903a25dad6df9bddc9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-005433.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0000910472-25-005433

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DIAMOND HILL FUNDS
- **CENTRAL INDEX KEY:** 0001032423

**ORGANIZATION NAME:**
- **EIN:** 316547095
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08061
- **FILM NUMBER:** 251539264

**BUSINESS ADDRESS:**
- **STREET 1:** 325 JOHN H. MCCONNELL BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215
- **BUSINESS PHONE:** 614-255-3333

**MAIL ADDRESS:**
- **STREET 1:** 325 JOHN H. MCCONNELL BOULEVARD
- **STREET 2:** SUITE 200
- **CITY:** COLUMBUS
- **STATE:** OH
- **ZIP:** 43215

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BSG FUNDS
- **DATE OF NAME CHANGE:** 19970206

## Series and Classes Contracts Data

### Diamond Hill Large Cap Concentrated ETF (Series ID: S000094326)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000262826 | Diamond Hill Large Cap Concentrated ETF |  |

## Nport-Ex

**Diamond Hill Large Cap Concentrated ETF**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 99.9%** | **Shares** | **Fair Value** |
| **Communication Services - 3.8%** |  |  |
| Walt Disney Co. (The) | 11172 | $1279194 |
| **Consumer Discretionary - 8.2%** |  |  |
| Amazon.com, Inc. <sup>(a)</sup> | 5363 | 1177554 |
| General Motors Co. | 26491 | 1615156 |
|  |  | 2792710 |
| **Consumer Staples - 10.1%** |  |  |
| Colgate-Palmolive Co. | 23523 | 1880429 |
| Sysco Corp. | 18985 | 1563225 |
|  |  | 3443654 |
| **Energy - 4.9%** |  |  |
| ConocoPhillips | 17470 | 1652487 |
| **Financials - 26.0%** |  |  |
| American International Group, Inc. | 36423 | 2860663 |
| Aon plc, Class A | 5068 | 1807148 |
| Berkshire Hathaway, Inc., Class B <sup>(a)</sup> | 4460 | 2242220 |
| Capital One Financial Corp. | 9178 | 1951059 |
|  |  | 8861090 |
| **Health Care - 14.2%** |  |  |
| Abbott Laboratories | 14762 | 1977222 |
| Labcorp Holdings, Inc. | 5296 | 1520270 |
| Zoetis, Inc. | 9069 | 1326976 |
|  |  | 4824468 |
| **Industrials - 14.6%** |  |  |
| Ferguson Enterprises, Inc. | 7040 | 1581043 |
| Union Pacific Corp. | 6624 | 1565715 |
| Waste Management, Inc. | 8347 | 1843268 |
|  |  | 4990026 |
| **Information Technology - 9.4%** |  |  |
| Salesforce, Inc. | 4917 | 1165329 |
| Texas Instruments, Inc. | 11164 | 2051162 |
|  |  | 3216491 |

---

**Diamond Hill Large Cap Concentrated ETF**

**Schedule of Investments (Continued)**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Common Stocks - 99.9% (Continued)** | **Shares** | **Fair Value** |
| **Materials - 4.7%** |  |  |
| Martin Marietta Materials, Inc. | 2547 | $1605323 |
| **Real Estate - 4.0%** |  |  |
| SBA Communications Corp., Class A | 7018 | 1356930 |
| **Total Common Stocks** (Cost $30,406,374) |  | $34022373 |
| **Registered Investment Companies - 0.0% <sup>(b)</sup>** | **Shares** | **Fair Value** |
| State Street Institutional US Government Money Market Fund - Premier Class, 4.09% <sup>(c)</sup> (Cost $11,128) | 11128 | $11128 |
| **Total Investment Securities - 99.9%** (Cost $30,417,502) |  | $34033501 |
| **Other Assets in Excess of Liabilities - 0.1%** |  | 23699 |
| **Net Assets - 100.0%** |  | $34057200 |

---

 

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Percentage rounds to less than 0.1%.

<sup>(c)</sup> The rate shown is the 7-day effective yield as of September 30, 2025.

plc - Public Limited Company

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Diamond Hill Funds

- **b. Investment Company Act file number:** 811-08061

- **c. CIK number of Registrant:** 0001032423

- **d. LEI of Registrant:** 549300PZZTQU6QTHS663

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 325 John H. McConnell Blvd.

  - **City:** Columbus

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 43215

  - **Telephone number:** 888-226-5595

**Item A.2. Information about the Series.**

- **a. Name of Series:** DIAMOND HILL LARGE CAP CONCENTRATED ETF

- **b. EDGAR series identifier (if any):** S000094326

- **c. LEI of Series:** 2549002IYTX60UIFGC27

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $34076123.26

**Total Liabilities:** $18923.59

**Net Assets:** $34057199.67

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000262826 | 0.00%                | 0.00%                | -2.19%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $0.00                    | $-42052.62                                 |

### Schedule of Portfolio Investments

| Name                                        | Title                                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Zoetis Inc.                                 | Zoetis, Inc.                                                              | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      9069 | NS      | $1326976.08   | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                         | Walt Disney Company (The)                                                 | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     11172 | NS      | $1279194.00   | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                             | Salesforce, Inc.                                                          | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      4917 | NS      | $1165329.00   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc.           | American International Group, Inc.                                        | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     36423 | NS      | $2860662.42   | 8.40%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional Investment Trust | State Street Institutional US Government Money Market Fund, Premier Class | CUSIP: 857492706<br>LEI: 549300P1E098W6ES7M39 | Long             | STIV             | RF                | US        |     11128 | NS      | $11128.44     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                            | Amazon.com, Inc.                                                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      5363 | NS      | $1177553.91   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                       | Colgate-Palmolive Company                                                 | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     23523 | NS      | $1880428.62   | 5.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                     | Aon plc                                                                   | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | GB        |      5068 | NS      | $1807147.44   | 5.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.                      | Waste Management, Inc.                                                    | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      8347 | NS      | $1843268.01   | 5.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.                     | Berkshire Hathaway, Inc. Class B                                          | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      4460 | NS      | $2242220.40   | 6.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Labcorp Holdings Inc                        | Labcorp Holdings Incorporated                                             | CUSIP: 504922105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5296 | NS      | $1520269.76   | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company                      | General Motors Company                                                    | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     26491 | NS      | $1615156.27   | 4.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc               | Martin Marietta Materials, Inc.                                           | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      2547 | NS      | $1605323.16   | 4.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                         | Abbott Laboratories                                                       | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     14762 | NS      | $1977222.28   | 5.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                    | Ferguson Enterprises Incorporated                                         | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |      7040 | NS      | $1581043.20   | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                              | ConocoPhillips                                                            | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     17470 | NS      | $1652487.30   | 4.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation                   | Union Pacific Corporation                                                 | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      6624 | NS      | $1565714.88   | 4.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp.                 | Capital One Financial Corporation                                         | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      9178 | NS      | $1951059.24   | 5.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corporation                           | Sysco Corporation                                                         | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     18985 | NS      | $1563224.90   | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc.                      | Texas Instruments, Inc.                                                   | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     11164 | NS      | $2051161.72   | 6.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corp.                    | SBA Communications Corporation                                            | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |      7018 | NS      | $1356930.30   | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** Diamond Hill Funds

**Signature:** Julie Roach

**Name of Signer:** Julie Roach

**Title:** Treasurer