# EDGAR Filing Document

**Accession Number:** 0001032423
**File Stem:** 0000910472-26-003566
**Filing Date:** 2026-3
**Character Count:** 26536
**Document Hash:** 9285952ba304297c89e7720558358c0a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003566.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000910472-26-003566

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**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:** 26703666

**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:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $264706118.32

**Total Liabilities:** $46814397.07

**Net Assets:** $217891721.25

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000008530 | -1.67%               | 2.70%                | 3.73%                |
| Class ID C000008532 | -1.65%               | 2.76%                | 3.75%                |
| Class ID C000108463 | -1.64%               | 2.74%                | 3.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $8869444.38              | $-12612695.51                              |
| Month 2  | $5952687.36              | $-145839.17                                |
| Month 3  | $6841502.28              | $1000435.31                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AZZ Inc                                      | AZZ, Inc.                                                                 | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     24891 | NS      | $2667817.38   | 1.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Alexandria Real Estate Equities, Inc.        | Alexandria Real Estate Equities, Inc. REIT                                | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     21520 | NS      | $1053188.80   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegiant Travel Company                     | Allegiant Travel Company                                                  | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |     53496 | NS      | $4561603.92   | 2.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Allient Inc                                  | Allient, Inc.                                                             | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |     33803 | NS      | $1816911.25   | 0.83%             |  |  |  | No            |                  1 | On Loan: —       |
| American Eagle Outfitters Inc.               | American Eagle Outfitters, Inc.                                           | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     81284 | NS      | $2143459.08   | 0.98%             |  |  |  | No            |                  1 | On Loan: —       |
| Astrana Health Inc                           | Astrana Health, Inc.                                                      | CUSIP: 03763A207<br>LEI: 5493008O4R82Q4STJ936 | Long             | EC               | CORP              | US        |    353885 | NS      | $8779886.85   | 4.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Ashland Inc.                                 | Ashland, Inc.                                                             | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     35187 | NS      | $2064421.29   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Asure Software Inc                           | Asure Software, Inc.                                                      | CUSIP: 04649U102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    151973 | NS      | $1431585.66   | 0.66%             |  |  |  | No            |                  1 | On Loan: —       |
| Avanos Medical Inc                           | Avanos Medical, Inc.                                                      | CUSIP: 05350V106<br>LEI: 549300YCXWOM7NEWMQ58 | Long             | EC               | CORP              | US        |    303328 | NS      | $3406373.44   | 1.56%             |  |  |  | No            |                  1 | On Loan: —       |
| BOK Financial Corp                           | BOK Financial Corporation                                                 | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |     14295 | NS      | $1693385.70   | 0.78%             |  |  |  | No            |                  1 | On Loan: —       |
| Bank OZK                                     | Bank OZK                                                                  | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |    183034 | NS      | $8423224.68   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerspace                                  | Centerspace REIT                                                          | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |     38744 | NS      | $2584999.68   | 1.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Centrus Energy Corp.                         | Centrus Energy Corporation                                                | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |      3677 | NS      | $892628.52    | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Century Communities Inc                      | Century Communities, Inc.                                                 | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |     24743 | NS      | $1468497.05   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Concrete Pumping Holdings Inc.               | Concrete Pumping Holdings, Inc.                                           | CUSIP: 206704108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    351497 | NS      | $2358544.87   | 1.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Core Molding Technologies Inc.               | Core Molding Technologies, Inc.                                           | CUSIP: 218683100<br>LEI: 549300ZY2MFRXCKVIJ28 | Long             | EC               | CORP              | US        |     86209 | NS      | $1728490.45   | 0.79%             |  |  |  | No            |                  1 | On Loan: —       |
| CubeSmart (Maryland)                         | CubeSmart REIT                                                            | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    104804 | NS      | $3778184.20   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp.                    | Curbline Properties Corporation                                           | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |    144760 | NS      | $3359879.60   | 1.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Ducommun Incorporated                        | Ducommun, Inc.                                                            | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |     92020 | NS      | $8753862.60   | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Recovery Inc.                         | Energy Recovery, Inc.                                                     | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               | CORP              | US        |     90243 | NS      | $1217378.07   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ESAB Corp.                                   | Esab Corporation                                                          | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |     20486 | NS      | $2288695.92   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| First Advantage Corp New                     | First Advantage Corporation                                               | CUSIP: 31846B108<br>LEI: 549300RNJ0PXU8FP7D06 | Long             | EC               | CORP              | US        |    173789 | NS      | $2525154.17   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| First Western Financial Inc.                 | First Western Financial, Inc.                                             | CUSIP: 33751L105<br>LEI: 549300PPOGX4C7S66B47 | Long             | EC               | CORP              | US        |     67661 | NS      | $1813991.41   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Innovations Inc               | Fortune Brands Innovations, Inc.                                          | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |     39853 | NS      | $1993447.06   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Infrastructure Inc                      | FTAI Infrastructure, Inc.                                                 | CUSIP: 35953C106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    980786 | NS      | $4521423.46   | 2.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Graham Corp                                  | Graham Corporation                                                        | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |     90402 | NS      | $5806520.46   | 2.66%             |  |  |  | No            |                  1 | On Loan: —       |
| Green Brick Partners Inc.                    | Green Brick Partners, Inc.                                                | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |     13543 | NS      | $848604.38    | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Helios Technologies Inc                      | Helios Technologies, Inc.                                                 | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |     28211 | NS      | $1509006.39   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Hurco Companies Inc.                         | Hurco Companies, Inc.                                                     | CUSIP: 447324104<br>LEI: XSC5XDOTBYOBQPOG2O82 | Long             | EC               | CORP              | US        |     57471 | NS      | $887926.95    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Outdoors Inc.                        | Johnson Outdoors, Inc. Class A                                            | CUSIP: 479167108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35418 | NS      | $1503494.10   | 0.69%             |  |  |  | No            |                  1 | On Loan: —       |
| Marzetti Co.                                 | Marzetti Company (The)                                                    | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |      8708 | NS      | $1431769.36   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares Inc                      | Live Oak Bancshares, Inc.                                                 | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    170502 | NS      | $5856743.70   | 2.69%             |  |  |  | No            |                  1 | On Loan: —       |
| MVB Financial Corp.                          | MVB Financial Corporation                                                 | CUSIP: 553810102<br>LEI: 549300KSUQ2FUU1X2O74 | Long             | EC               | CORP              | US        |     32940 | NS      | $850840.20    | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Magnolia Oil & Gas Corporation               | Magnolia Oil & Gas Corporation                                            | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    338368 | NS      | $7406875.52   | 3.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Mama's Creations, Inc                        | Mama's Creations, Inc.                                                    | CUSIP: 56146T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    273769 | NS      | $3693143.81   | 1.69%             |  |  |  | No            |                  1 | On Loan: —       |
| Mesa Laboratories Inc.                       | Mesa Laboratories, Inc.                                                   | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Long             | EC               | CORP              | US        |     96642 | NS      | $7586397.00   | 3.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Miller Industries Inc. (Tennessee)           | Miller Industries Inc                                                     | CUSIP: 600551204<br>LEI: 549300F1O74SPUJ7UU94 | Long             | EC               | CORP              | US        |     32549 | NS      | $1216356.13   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil-Dri Corporation Of America               | Oil-Dri Corp of America                                                   | CUSIP: 677864100<br>LEI: 549300RSG5KPUH16WH66 | Long             | EC               | CORP              | US        |     95951 | NS      | $4695841.94   | 2.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Perma-Fix Environmental Services Inc.        | Perma-Fix Environmental Services, Inc.                                    | CUSIP: 714157203<br>LEI: 54930015OVD1T5P12U15 | Long             | EC               | CORP              | US        |    186240 | NS      | $2344761.60   | 1.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Proficient Auto Logistics Inc                | Proficient Auto Logistics, Inc.                                           | CUSIP: 74317M104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    513192 | NS      | $4947170.88   | 2.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Progress Software Corp.                      | Progress Software Corporation                                             | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |     68357 | NS      | $2936616.72   | 1.35%             |  |  |  | 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        |    183295 | NS      | $11355125.25  | 5.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Rimini Street Inc.                           | Rimini Street, Inc.                                                       | CUSIP: 76674Q107<br>LEI: 54930042ITIRGVM4HY55 | Long             | EC               | CORP              | US        |    262468 | NS      | $1018375.84   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Rocky Brands Inc.                            | Rocky Brands, Inc.                                                        | CUSIP: 774515100<br>LEI: 5299004HQ6GCTW838N96 | Long             | EC               | CORP              | US        |     69611 | NS      | $2041690.63   | 0.94%             |  |  |  | No            |                  1 | On Loan: —       |
| Ryman Hospitality Properties Inc             | Ryman Hospitality Properties, Inc. REIT                                   | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     91621 | NS      | $8669179.02   | 3.98%             |  |  |  | No            |                  1 | On Loan: —       |
| Silvercrest Asset Mgmt Group Inc             | Silvercrest Asset Management Group, Inc.                                  | CUSIP: 828359109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102997 | NS      | $1564524.43   | 0.72%             |  |  |  | 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        |   5829927 | NS      | $5829926.68   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Strawberry Fields REIT Inc.                  | Strawberry Fields REIT, Inc.                                              | CUSIP: 863182101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    164993 | NS      | $2161408.30   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Taseko Mines Limited                         | Taseko Mines Ltd.                                                         | CUSIP: 876511106<br>LEI: 549300XKUO1JSLU7KX54 | Long             | EC               | CORP              | CA        |   1061877 | NS      | $6010223.82   | 2.76%             |  |  |  | No            |                  1 | On Loan: —       |
| Thermon Group Holdings Inc                   | Thermon Group Holdings, Inc.                                              | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |     65645 | NS      | $2439368.20   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcat Inc.                                | Transcat, Inc.                                                            | CUSIP: 893529107<br>LEI: 54930081E40TSSHUOS40 | Long             | EC               | CORP              | US        |     25406 | NS      | $1441282.38   | 0.66%             |  |  |  | No            |                  1 | On Loan: —       |
| Triumph Financial Inc                        | Triumph Financial, Inc.                                                   | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |    159432 | NS      | $9985226.16   | 4.58%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies Inc.                        | UFP Technologies, Inc.                                                    | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |     21976 | NS      | $4879331.28   | 2.24%             |  |  |  | No            |                  1 | On Loan: —       |
| UGI Corp                                     | UGI CORP.                                                                 | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |    122631 | NS      | $4590078.33   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Lime & Minerals Inc.           | United States Lime & Minerals, Inc.                                       | CUSIP: 911922102<br>LEI: 549300VGDEEG8RT7VC89 | Long             | EC               | CORP              | US        |     58494 | NS      | $7004071.56   | 3.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Utz Brands Inc.                              | Utz Brands, Inc.                                                          | CUSIP: 918090101<br>LEI: 5299009BHBU2NH5HRN16 | Long             | EC               | CORP              | US        |    483807 | NS      | $5021916.66   | 2.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Titan America SA                             | Titan America S.A.                                                        | CUSIP: B9151N105<br>LEI: 9845007APCB6462D6C46 | Long             | EC               | CORP              | BE        |    242909 | NS      | $4003140.32   | 1.84%             |  |  |  | No            |                  1 | On Loan: —       |
| Cimpress PLC                                 | Cimpress plc                                                              | CUSIP: G2143T103<br>LEI: 549300X1IFD75XISOR81 | Long             | EC               | CORP              | IE        |     24704 | NS      | $1645039.36   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| International General Insurance Holdings Ltd | International General Insurance Holdings Ltd.                             | CUSIP: G4809J106<br>LEI: N/A                  | Long             | EC               | CORP              | JO        |    239868 | NS      | $6018288.12   | 2.76%             |  |  |  | No            |                  1 | On Loan: —       |
| Orion S.A.                                   | Orion S.A.                                                                | CUSIP: L72967109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    272000 | NS      | $1436160.00   | 0.66%             |  |  |  | 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        |  46400436 | NS      | $46400435.50  | 21.30%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** Diamond HIll Funds

**Signature:** Julie Roach

**Name of Signer:** Julie Roach

**Title:** Treasurer