# EDGAR Filing Document

**Accession Number:** 0001032423
**File Stem:** 0001752724-23-048543
**Filing Date:** 2023-3
**Character Count:** 26848
**Document Hash:** 0e00c631b380cf5dd5f8999340ce727c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-048543.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001752724-23-048543

**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:** 23689993

**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-Mid Cap Fund (Series ID: S000012190)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000033256 | Diamond Hill Small-Mid Cap Fund Investor | DHMAX           |
| C000033258 | Diamond Hill Small-Mid Cap Fund Class I  | DHMIX           |
| C000108467 | Diamond Hill Small-Mid Cap Fund Class Y  | DHMYX           |

## 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-MID CAP FUND

- **b. EDGAR series identifier (if any):** S000012190

- **c. LEI of Series:** 549300GWWZLCV0MJYW66

**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:** $1991749868.63

**Total Liabilities:** $89432431.45

**Net Assets:** $1902317437.18

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000033256 | 9.96%                | 3.56%                | -5.62%               |
| Class ID C000108467 | 9.97%                | 3.62%                | -5.58%               |
| Class ID C000033258 | 10.00%               | 3.59%                | -5.61%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9012550.30              | $171249806.20                              |
| Month 2  | $-152584.23              | $67122757.88                               |
| Month 3  | $-103881.34              | $-117235731.11                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First Republic Bank San Francisco           | First Republic Bank                                                       | CUSIP: 33616C100<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EC               | CORP              | US        |    185563 | NS      | $22618274.07  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegiant Travel Company                    | Allegiant Travel Company                                                  | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |    431327 | NS      | $29325922.73  | 1.54%             |  |  |  | No            |                  1 | On Loan: —       |
| SS&C Technologies Holdings Inc.             | SS&C Technologies Holdings, Inc.                                          | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |    772328 | NS      | $40207395.68  | 2.11%             |  |  |  | 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        |  83652229 | NS      | $83652229.00  | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc.                             | BorgWarner, Inc.                                                          | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |    356680 | NS      | $14356370.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Carmax Inc                                  | CarMax, Inc.                                                              | CUSIP: 143130102<br>LEI: 529900F60CID3NCZM330 | Long             | EC               | CORP              | US        |    177996 | NS      | $10838176.44  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett Inc                          | Douglas Emmett, Inc. REIT                                                 | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    908014 | NS      | $14237659.52  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc.                        | Cal-Maine Foods, Inc.                                                     | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |   1026756 | NS      | $55906864.20  | 2.94%             |  |  |  | No            |                  1 | On Loan: —       |
| South Jersey Industries Inc                 | South Jersey Industries, Inc.                                             | CUSIP: 838518108<br>LEI: 549300DJYWYT5VXLFA46 | Long             | EC               | CORP              | US        |    805092 | NS      | $28604918.76  | 1.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Enovis Corporation                          | Enovis Corporation                                                        | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |    761925 | NS      | $40778226.00  | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Enstar Group Ltd                            | Enstar Group Ltd.                                                         | CUSIP: G3075P101<br>LEI: 213800AMAL5QFXVUCN04 | Long             | EC               | CORP              | BM        |     81049 | NS      | $18725560.96  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Bellring Brands Inc.                        | BellRing Brands, Inc.                                                     | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |    992496 | NS      | $25447597.44  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Lancaster Colony Corp.                      | Lancaster Colony Corporation                                              | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |    231745 | NS      | $45723288.50  | 2.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Gates Industrial Corp PLC                   | GATES INDUSTRIAL CORP PLC                                                 | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |   3420037 | NS      | $39022622.17  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc.                          | Prog Holdings, Inc.                                                       | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |    763269 | NS      | $12891613.41  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                          | Vail Resorts, Inc.                                                        | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |    123325 | NS      | $29394513.75  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares Inc                     | Live Oak Bancshares, Inc.                                                 | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1164891 | NS      | $35179708.20  | 1.85%             |  |  |  | No            |                  1 | On Loan: —       |
| Ryman Hospitality Properties Inc            | Ryman Hospitality Properties, Inc. REIT                                   | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |    351084 | NS      | $28711649.52  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK Little Rock Arkansas               | Bank OZK                                                                  | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |   1047131 | NS      | $41948067.86  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc.                          | Post Holdings, Inc.                                                       | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |    760421 | NS      | $68635599.46  | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc.                                | Ashland, Inc.                                                             | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |    490897 | NS      | $52786154.41  | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                    | UGI Corporation                                                           | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |   1190413 | NS      | $44128609.91  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Brighthouse Financial Inc.                  | Brighthouse Financial, Inc.                                               | CUSIP: 10922N103<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EC               | CORP              | US        |    423843 | NS      | $21730430.61  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BOK Financial Corp                          | BOK Financial Corporation                                                 | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |    502069 | NS      | $52109741.51  | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corporation                | Integer Holdings Corporation                                              | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |    147704 | NS      | $10111815.84  | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Sensata Technologies Holding PLC            | Sensata Technologies Holding plc                                          | CUSIP: G8060N102<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | US        |    991522 | NS      | $40037658.36  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate Bancsystem Inc.            | First Interstate BancSystem, Inc.                                         | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |    788162 | NS      | $30462461.30  | 1.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Jones Lang LaSalle Incorporated             | Jones Lang LaSalle, Inc.                                                  | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |    137690 | NS      | $21943655.30  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanesbrands Inc.                            | Hanesbrands, Inc.                                                         | CUSIP: 410345102<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | EC               | CORP              | US        |   2700294 | NS      | $17173869.84  | 0.90%             |  |  |  | No            |                  1 | On Loan: —       |
| Stericycle, Inc.                            | Stericycle, Inc.                                                          | CUSIP: 858912108<br>LEI: B8PTJH2P0AXSWSMP2136 | Long             | EC               | CORP              | US        |    291650 | NS      | $14550418.50  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corporation                           | Ciena Corporation                                                         | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |    540537 | NS      | $27556576.26  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                          | Coterra Energy, Inc.                                                      | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |   1873827 | NS      | $46039929.39  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc.         | Broadridge Financial Solutions, Inc.                                      | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |     65306 | NS      | $8759493.78   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SVB Financial Group                         | SVB Financial Group                                                       | CUSIP: 78486Q101<br>LEI: 549300D2KJ20JMXE7542 | Long             | EC               | CORP              | US        |    126989 | NS      | $29225248.46  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc                     | Century Communities, Inc.                                                 | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |     57155 | NS      | $2858321.55   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Brown & Brown Inc                           | Brown & Brown, Inc.                                                       | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |    164530 | NS      | $9373274.10   | 0.49%             |  |  |  | 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        |   2070041 | NS      | $82822340.41  | 4.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Advance Auto Parts Inc.                     | Advance Auto Parts, Inc.                                                  | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |     64828 | NS      | $9531660.84   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| WNS Holdings Ltd                            | WNS Holdings Ltd.                                                         | CUSIP: 92932M101<br>LEI: 529900RM7QHUD3W9DM42 | Long             | EC               | CORP              | US        |    421287 | NS      | $33698747.13  | 1.77%             |  |  |  | No            |                  1 | On Loan: —       |
| Kirby Corp                                  | Kirby Corporation                                                         | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |    450522 | NS      | $28991090.70  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| First Advantage Corp New                    | First Advantage Corporation                                               | CUSIP: 31846B108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1912301 | NS      | $24859913.00  | 1.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Mr Cooper Group Inc                         | MR Cooper Group, Inc.                                                     | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |    997213 | NS      | $40018157.69  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp.                     | Webster Financial Corporation                                             | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |   1437449 | NS      | $68048835.66  | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                                | Sanmina Corporation                                                       | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |    502632 | NS      | $28795787.28  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc.                             | BankUnited, Inc.                                                          | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |    782407 | NS      | $26578365.79  | 1.40%             |  |  |  | No            |                  1 | On Loan: —       |
| State Street Institutional Investment Trust | State Street Institutional US Government Money Market Fund, Premier Class | CUSIP: 857492706<br>LEI: 549300P1E098W6ES7M39 | Long             | STIV             | RF                | US        |  16036415 | NS      | $16036415.29  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesco International, Inc.                   | WESCO International, Inc.                                                 | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |    854347 | NS      | $106964244.40 | 5.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc                       | Civitas Resources, Inc.                                                   | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |    278418 | NS      | $16128754.74  | 0.85%             |  |  |  | No            |                  1 | On Loan: —       |
| NVR Inc                                     | NVR, Inc.                                                                 | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |     12135 | NS      | $55973658.30  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Hill Funds                          | Diamond Hill Short Duration Securitized Bond Fund  Class Y                | CUSIP: 25264S536<br>LEI: 549300PZZTQU6QTHS663 | Long             | EC               | RF                | US        |    933525 | NS      | $8793801.12   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Incorporation              | Alaska Air Group, Inc.                                                    | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |    379602 | NS      | $16300109.88  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                     | UDR, Inc. REIT                                                            | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |    212309 | NS      | $8222727.57   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                                | Rayonier, Inc. REIT                                                       | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |   1063827 | NS      | $35063737.92  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Renaissancere Holdings Ltd.                 | Renaissance Holdings Ltd.                                                 | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |    136911 | NS      | $25223113.53  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Recovery Inc.                        | Energy Recovery, Inc.                                                     | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               | CORP              | US        |    998606 | NS      | $20461436.94  | 1.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Loews Corporation                           | Loews Corporation                                                         | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |    440275 | NS      | $25681240.75  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corporation                   | Regal Rexnord Corporation                                                 | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |    322780 | NS      | $38727144.40  | 2.04%             |  |  |  | No            |                  1 | On Loan: —       |
| CubeSmart L.P.                              | CubeSmart REIT                                                            | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1438422 | NS      | $57896485.50  | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp Del                      | Liberty Media Corporation - Liberty Formula One Series C                  | CUSIP: 531229854<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | EC               | CORP              | US        |    413303 | NS      | $24707253.34  | 1.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Wolverine World Wide, Inc.                  | Wolverine World Wide, Inc.                                                | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |   1342452 | NS      | $14673000.36  | 0.77%             |  |  |  | No            |                  1 | On Loan: —       |
| ESAB Corp.                                  | ESAB Corporation                                                          | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |   1009392 | NS      | $47360672.64  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corporation               | Boston Scientific Corporation                                             | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    243915 | NS      | $11285947.05  | 0.59%             |  |  |  | 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:** Treasurer