# EDGAR Filing Document

**Accession Number:** 0001032423
**File Stem:** 0001752724-23-048536
**Filing Date:** 2023-3
**Character Count:** 25727
**Document Hash:** 02eff552e28d90533467cce4eaa19442
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-048536.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-048536

**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:** 23689984

**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 Small Cap Fund (Series ID: S000003154)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000008530 | Diamond Hill Small Cap Fund Investor | DHSCX           |
| C000008532 | Diamond Hill Small Cap Fund Class I  | DHSIX           |
| C000108463 | Diamond Hill Small Cap Fund Class Y  | DHSYX           |

## 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 SMALL CAP FUND

- **b. EDGAR series identifier (if any):** S000003154

- **c. LEI of Series:** 549300YCZH5J257SPC72

**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:** $296506320.63

**Total Liabilities:** $10624846.30

**Net Assets:** $285881474.33

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000108463 | 10.28%               | 4.07%                | -6.79%               |
| Class ID C000008530 | 10.25%               | 4.04%                | -6.84%               |
| Class ID C000008532 | 10.27%               | 4.04%                | -6.80%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4989930.29             | $37219219.80                               |
| Month 2  | $1771193.38              | $10972949.12                               |
| Month 3  | $10926745.71             | $-33589161.92                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Integer Holdings Corporation                | Integer Holdings Corporation                                              | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |     31492 | NS      | $2155942.32   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanesbrands Inc.                            | Hanesbrands, Inc.                                                         | CUSIP: 410345102<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | EC               | CORP              | US        |    254892 | NS      | $1621113.12   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| WNS Holdings Ltd                            | WNS Holdings Ltd.                                                         | CUSIP: 92932M101<br>LEI: 529900RM7QHUD3W9DM42 | Long             | EC               | CORP              | US        |    161287 | NS      | $12901347.13  | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc.                        | Cal-Maine Foods, Inc.                                                     | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |    168008 | NS      | $9148035.60   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc                     | Century Communities, Inc.                                                 | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |     23116 | NS      | $1156031.16   | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| First Advantage Corp New                    | First Advantage Corporation                                               | CUSIP: 31846B108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124636 | NS      | $1620268.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK Little Rock Arkansas               | Bank OZK                                                                  | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |    317691 | NS      | $12726701.46  | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                                | Sanmina Corporation                                                       | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     57031 | NS      | $3267305.99   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Taseko Mines Limited                        | Taseko Mines Ltd.                                                         | CUSIP: 876511106<br>LEI: 549300XKUO1JSLU7KX54 | Long             | EC               | CORP              | US        |   4937333 | NS      | $7257879.51   | 2.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Enstar Group Ltd                            | Enstar Group Ltd.                                                         | CUSIP: G3075P101<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EC               | CORP              | BM        |     33054 | NS      | $7636796.16   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil-Dri Corporation Of America              | OIL-DRI CORPORATION OF AMERICA                                            | CUSIP: 677864100<br>LEI: 549300RSG5KPUH16WH66 | Long             | EC               | CORP              | US        |     26978 | NS      | $904842.12    | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Johnson Outdoors Inc.                       | Johnson Outdoors, Inc. Class A                                            | CUSIP: 479167108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9594 | NS      | $634355.28    | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Energy Recovery Inc.                        | Energy Recovery, Inc.                                                     | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               | CORP              | US        |    175283 | NS      | $3591548.67   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocky Brands Inc.                           | Rocky Brands, Inc.                                                        | CUSIP: 774515100<br>LEI: 5299004HQ6GCTW838N96 | Long             | EC               | CORP              | US        |     83269 | NS      | $1966813.78   | 0.69%             |  |  |  | No            |                  1 | On Loan: —       |
| BankUnited Inc.                             | BankUnited, Inc.                                                          | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     36010 | NS      | $1223259.70   | 0.43%             |  |  |  | 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        |   3381967 | NS      | $3381966.66   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Dynamics Inc.                       | Douglas Dynamics, Inc.                                                    | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               | CORP              | US        |     83939 | NS      | $3035234.24   | 1.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Green Brick Partners Inc.                   | Green Brick Partners, Inc.                                                | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |    225000 | NS      | $5451750.00   | 1.91%             |  |  |  | No            |                  1 | On Loan: —       |
| Gates Industrial Corp PLC                   | GATES INDUSTRIAL CORP PLC                                                 | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |    154013 | NS      | $1757288.33   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                                | Rayonier, Inc. REIT                                                       | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |    117895 | NS      | $3885819.20   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp.                     | Webster Financial Corporation                                             | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |    310099 | NS      | $14680086.66  | 5.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ESAB Corp.                                  | ESAB Corporation                                                          | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |    116307 | NS      | $5457124.44   | 1.91%             |  |  |  | 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        |   9523866 | NS      | $9523865.50   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegiant Travel Company                    | Allegiant Travel Company                                                  | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |     64907 | NS      | $4413026.93   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc            | Ryman Hospitality Properties, Inc. REIT                                   | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     44047 | NS      | $3602163.66   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                  | Kirby Corporation                                                         | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     44765 | NS      | $2880627.75   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Carters Incorporation                       | Carter's, Inc.                                                            | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     23726 | NS      | $1770196.86   | 0.62%             |  |  |  | No            |                  1 | On Loan: —       |
| Concrete Pumping Holdings Inc.              | Concrete Pumping Holdings, Inc.                                           | CUSIP: 206704108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    770000 | NS      | $4504500.00   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Lime & Minerals Inc.          | United States Lime & Minerals, Inc.                                       | CUSIP: 911922102<br>LEI: 549300VGDEEG8RT7VC89 | Long             | EC               | CORP              | US        |     11334 | NS      | $1595373.84   | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| Graham Corp                                 | Graham Corporation                                                        | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |     92680 | NS      | $891581.60    | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| PROG Holdings Inc.                          | Prog Holdings, Inc.                                                       | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |    104442 | NS      | $1764025.38   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimas Corporation                          | TriMas Corporation                                                        | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               | CORP              | US        |     29842 | NS      | $827817.08    | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Seaboard Corp Del                           | Seaboard Corporation                                                      | CUSIP: 811543107<br>LEI: 87Q3KOXT29OW9W9YPT70 | Long             | EC               | CORP              | US        |      1449 | NS      | $5470279.29   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc.                                | Ashland, Inc.                                                             | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     75585 | NS      | $8127655.05   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                          | Vail Resorts, Inc.                                                        | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |     39629 | NS      | $9445572.15   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Lancaster Colony Corp.                      | Lancaster Colony Corporation                                              | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |     22768 | NS      | $4492126.40   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Chase Corp(Mass)                            | CHASE CORPORATION                                                         | CUSIP: 16150R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56870 | NS      | $4905606.20   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolverine World Wide, Inc.                  | Wolverine World Wide, Inc.                                                | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |     28831 | NS      | $315122.83    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc.                          | Post Holdings, Inc.                                                       | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |    103566 | NS      | $9347867.16   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                           | FTAI Aviation Ltd.                                                        | CUSIP: G3730V105<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     91653 | NS      | $1569099.36   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Civitas Resources Inc                       | Civitas Resources, Inc.                                                   | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |    152378 | NS      | $8827257.54   | 3.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Rimini Street Inc.                          | Rimini Street, Inc.                                                       | CUSIP: 76674Q107<br>LEI: 54930042ITIRGVM4HY55 | Long             | EC               | CORP              | US        |   1572294 | NS      | $5990440.14   | 2.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Jones Lang LaSalle Incorporated             | Jones Lang LaSalle, Inc.                                                  | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      7605 | NS      | $1212008.85   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                    | UGI CORP.                                                                 | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |    108834 | NS      | $4034476.38   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate Bancsystem Inc.            | First Interstate BancSystem, Inc.                                         | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |    138302 | NS      | $5345372.30   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Rock Resorts Inc                        | Red Rock Resorts, Inc. Class A                                            | CUSIP: 75700L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    457994 | NS      | $18324339.94  | 6.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corporation                          | Enovis Corporation                                                        | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |    122968 | NS      | $6581247.36   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies Inc.                       | UFP Technologies, Inc.                                                    | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |     49901 | NS      | $5882828.89   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Allied Motion Technologies Inc.             | Allied Motion Technologies, Inc.                                          | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |    159376 | NS      | $5547878.56   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK Financial Corp                          | BOK Financial Corporation                                                 | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |     64438 | NS      | $6688020.02   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares Inc                     | Live Oak Bancshares, Inc.                                                 | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    217422 | NS      | $6566144.40   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment, Inc.             | Live Nation Entertainment, Inc.                                           | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     33019 | NS      | $2302745.06   | 0.81%             |  |  |  | No            |                  1 | On Loan: —       |
| CubeSmart L.P.                              | CubeSmart REIT                                                            | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     89996 | NS      | $3622339.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett Inc                          | Douglas Emmett, Inc. REIT                                                 | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40656 | NS      | $637486.08    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Bellring Brands Inc.                        | BellRing Brands, Inc.                                                     | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |    136423 | NS      | $3497885.72   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrus Energy Corp.                        | Centrus Energy Corporation                                                | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |     38314 | NS      | $1244438.72   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Mr Cooper Group Inc                         | MR Cooper Group, Inc.                                                     | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |    281022 | NS      | $11277412.86  | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesco International, Inc.                   | WESCO International, Inc.                                                 | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |    128938 | NS      | $16143037.60  | 5.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Financial Inc                       | TRIUMPH FINANCIAL, INC.                                                   | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |     24543 | NS      | $1199416.41   | 0.42%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

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

**Name of Applicant:** Diamond Hill Funds

**Signature:** Julie Roach

**Name of Signer:** Julie Roach

**Title:** Treasurer