# EDGAR Filing Document

**Accession Number:** 0001032423
**File Stem:** 0001752724-23-048535
**Filing Date:** 2023-3
**Character Count:** 23542
**Document Hash:** 5bea1b2140343318cc550ab1897d4bf2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-048535.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-048535

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DIAMOND HILL FUNDS
- **CENTRAL INDEX KEY:** 0001032423
- **IRS NUMBER:** 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:** 23689986

**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 Fund (Series ID: S000003155)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000008533 | Diamond Hill Large Cap Fund Investor | DHLAX           |
| C000008535 | Diamond Hill Large Cap Fund Class I  | DHLRX           |
| C000108464 | Diamond Hill Large Cap Fund Class Y  | DHLYX           |

## 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 FUND

- **b. EDGAR series identifier (if any):** S000003155

- **c. LEI of Series:** 549300SYP870HQ0OYM54

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $8726693307.04

**Total Liabilities:** $236700649.59

**Net Assets:** $8489992657.45

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000008535 | 9.80%                | 6.08%                | -4.70%               |
| Class ID C000008533 | 9.81%                | 6.06%                | -4.76%               |
| Class ID C000108464 | 9.82%                | 6.07%                | -4.67%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $12554279.62             | $809884109.25                              |
| Month 2  | $36001237.48             | $497944165.85                              |
| Month 3  | $-67289481.40            | $-385909694.85                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Weyerhaeuser Company                        | Weyerhaeuser Company REIT                                                 | CUSIP: 962166104<br>LEI: 08IRJODWFYBI7QWRGS31 | Long             | EC               | CORP              | US        |   3801821 | NS      | $117856451.00 | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| The Sherwin-Williams Company                | Sherwin-Williams Company (The)                                            | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |    403250 | NS      | $95703322.50  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                                  | Nasdaq, Inc.                                                              | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |   2333553 | NS      | $143163476.55 | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                | Truist Financial Corporation                                              | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |   6187542 | NS      | $266249932.26 | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| L3 Harris Technologies Inc                  | L3Harris Technologies, Inc.                                               | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |    565034 | NS      | $117645729.14 | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                        | Booking Holdings, Inc.                                                    | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |     65542 | NS      | $132085481.76 | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| SBA Communications Corporation              | SBA Communications Corporation                                            | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |    311095 | NS      | $87203039.45  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                             | Deere & Company                                                           | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |    351714 | NS      | $150800894.64 | 1.78%             |  |  |  | No            |                  1 | On Loan: —       |
| Pepsico Inc                                 | PepsiCo, Inc.                                                             | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |   1552788 | NS      | $280526680.08 | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc.                                 | Humana, Inc.                                                              | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |    336848 | NS      | $172530177.12 | 2.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Texas Instruments Incorporated              | Texas Instruments, Inc.                                                   | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |   1409000 | NS      | $232794980.00 | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Financial Services Group, Inc. | Hartford Financial Services Group, Inc. (The)                             | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |   1298175 | NS      | $98440610.25  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | State Street Navigator Securities Lending Portfolio I                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        | 193290054 | NS      | $193290054.50 | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc.                       | Freeport-McMoRan, Inc.                                                    | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |   4555227 | NS      | $173098626.00 | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                                     | NVR, Inc.                                                                 | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |     45548 | NS      | $210093793.84 | 2.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Microsoft Corporation                       | Microsoft Corporation                                                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    730618 | NS      | $175216808.76 | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc.          | Take-Two Interactive Software, Inc.                                       | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |    737869 | NS      | $76834298.97  | 0.90%             |  |  |  | No            |                  1 | On Loan: —       |
| Pfizer Inc.                                 | Pfizer, Inc.                                                              | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |   3325603 | NS      | $170403897.72 | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                             | Caterpillar, Inc.                                                         | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |    902736 | NS      | $216259436.16 | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management, Inc.                      | Waste Management, Inc.                                                    | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |    832893 | NS      | $130664253.84 | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                          | HCA Healthcare, Inc.                                                      | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |    790601 | NS      | $189712615.96 | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                    | Visa, Inc. Class A                                                        | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    625743 | NS      | $130004365.68 | 1.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Parker-Hannifin Corporation                 | Parker-Hannifin Corporation                                               | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |    612094 | NS      | $178119354.00 | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Carmax Inc                                  | CarMax, Inc.                                                              | CUSIP: 143130102<br>LEI: 529900F60CID3NCZM330 | Long             | EC               | CORP              | US        |   2481548 | NS      | $151101457.72 | 1.78%             |  |  |  | No            |                  1 | On Loan: —       |
| Chevron Corporation                         | Chevron Corporation                                                       | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    481396 | NS      | $86405768.04  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                               | Medtronic plc                                                             | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | US        |   1678289 | NS      | $130436621.08 | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc               | Martin Marietta Materials, Inc.                                           | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |    310700 | NS      | $105007279.00 | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                            | Amazon.com, Inc.                                                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |   2062870 | NS      | $173281080.00 | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                 | Verizon Communications, Inc.                                              | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |   3266287 | NS      | $128691707.80 | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Companies, Inc.            | Marsh & McLennan Companies, Inc.                                          | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |    895313 | NS      | $148156395.24 | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                         | Walt Disney Company (The)                                                 | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |   1292302 | NS      | $112275197.76 | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc.                | Honeywell International, Inc.                                             | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |    639925 | NS      | $137135927.50 | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.                     | Berkshire Hathaway, Inc. Class B                                          | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |    564811 | NS      | $174470117.90 | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company               | Becton, Dickinson and Company                                             | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |    632832 | NS      | $160929177.60 | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc                         | Dominion Energy, Inc.                                                     | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |   1850828 | NS      | $113492772.96 | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc                              | Home Depot, Inc. (The)                                                    | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    533995 | NS      | $168667660.70 | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company                      | General Motors Company                                                    | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |   5789216 | NS      | $194749226.24 | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc.             | SS&C Technologies Holdings, Inc.                                          | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |   2937644 | NS      | $152933746.64 | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                         | Abbott Laboratories                                                       | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |   2573063 | NS      | $282496586.77 | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc.                                 | AbbVie, Inc.                                                              | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    678231 | NS      | $109608911.91 | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| First Republic Bank San Francisco           | First Republic Bank                                                       | CUSIP: 33616C100<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EC               | CORP              | US        |    798417 | NS      | $97319048.13  | 1.15%             |  |  |  | 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        |  98527673 | NS      | $98527672.97  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                               | Alphabet, Inc. Class A                                                    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |   2311627 | NS      | $203954850.21 | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corporation                 | Bank of America Corporation                                               | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   7987260 | NS      | $264538051.20 | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                         | Stryker Corporation                                                       | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |    647170 | NS      | $158226593.30 | 1.86%             |  |  |  | No            |                  1 | On Loan: —       |
| Wells Fargo & Company                       | Wells Fargo & Company                                                     | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |   3665406 | NS      | $151344613.74 | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                   | Linde plc                                                                 | CUSIP: G5494J103<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | US        |    396200 | NS      | $129232516.00 | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc.                               | KKR & Company, Inc. Class A                                               | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |   4746474 | NS      | $220331323.08 | 2.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Carrier Global Corporation                  | Carrier Global Corporation                                                | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |   2254952 | NS      | $93016770.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation                   | Union Pacific Corporation                                                 | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    821300 | NS      | $170066591.00 | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group, Inc.          | American International Group, Inc.                                        | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |   6114579 | NS      | $386685975.96 | 4.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips Co.                          | ConocoPhillips                                                            | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |   2936891 | NS      | $346553138.00 | 4.08%             |  |  |  | No            |                  1 | On Loan: —       |
| BorgWarner Inc.                             | BorgWarner, Inc.                                                          | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |   3008877 | NS      | $121107299.25 | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-01

**Name of Applicant:** Diamond Hill Funds

**Signature:** Julie Roach

**Name of Signer:** Julie Roach

**Title:** Julie Roach