# EDGAR Filing Document

**Accession Number:** 0001032423
**File Stem:** 0001752724-25-212223
**Filing Date:** 2025-8
**Character Count:** 26171
**Document Hash:** b4b9c436cb5e28d23bfcb53e1337e709
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-212223.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001752724-25-212223

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**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:** 251276739

**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:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $249084425.69

**Total Liabilities:** $43932567.88

**Net Assets:** $205151857.81

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000108463 | -2.97%               | 9.25%                | 5.48%                |
| Class ID C000008530 | -3.05%               | 9.23%                | 5.43%                |
| Class ID C000008532 | -3.03%               | 9.28%                | 5.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3055731.29             | $-3447034.39                               |
| Month 2  | $1273237.69              | $15899276.03                               |
| Month 3  | $4837767.06              | $5719554.63                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Mesa Laboratories Inc.                       | Mesa Laboratories, Inc.                                                   | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Long             | EC               | CORP              | US        |     34464 | NS      | $3247198.08   | 1.58%             |  |  |  | No            |                  1 | On Loan: —       |
| American Eagle Outfitters Inc.               | American Eagle Outfitters, Inc.                                           | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |    128180 | NS      | $1233091.60   | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Orion S.A.                                   | Orion Engineered Carbons S.A.                                             | CUSIP: L72967109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    238948 | NS      | $2506564.52   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Technologies Inc                      | Helios Technologies, Inc.                                                 | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |     61411 | NS      | $2049285.07   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc                      | Century Communities, Inc.                                                 | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |     27551 | NS      | $1551672.32   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp.                    | Curbline Properties Corporation                                           | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |    140687 | NS      | $3211884.21   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| First Advantage Corp New                     | First Advantage Corporation                                               | CUSIP: 31846B108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    320670 | NS      | $5326328.70   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan America SA                             | Titan America SA                                                          | CUSIP: B9151N105<br>LEI: 9845007APCB6462D6C46 | Long             | EC               | CORP              | US        |    256909 | NS      | $3206224.32   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK Little Rock Arkansas                | Bank OZK                                                                  | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |    175778 | NS      | $8272112.68   | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Utz Brands Inc.                              | Utz Brands, Inc.                                                          | CUSIP: 918090101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    205570 | NS      | $2579903.50   | 1.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Cimpress PLC                                 | Cimpress NV                                                               | CUSIP: G2143T103<br>LEI: 549300X1IFD75XISOR81 | Long             | EC               | CORP              | US        |     37004 | NS      | $1739188.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Mama's Creations, Inc                        | Mama's Creations Incorporated                                             | CUSIP: 56146T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    316769 | NS      | $2629182.70   | 1.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Perma-Fix Environmental Services Inc.        | Perma-Fix Environmental Services, Inc.                                    | CUSIP: 714157203<br>LEI: 54930015OVD1T5P12U15 | Long             | EC               | CORP              | US        |    198340 | NS      | $2086536.80   | 1.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Thermon Group Holdings Inc                   | Thermon Group Holdings, Inc.                                              | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |     62045 | NS      | $1742223.60   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Taseko Mines Limited                         | Taseko Mines Ltd.                                                         | CUSIP: 876511106<br>LEI: 549300XKUO1JSLU7KX54 | Long             | EC               | CORP              | US        |   1321877 | NS      | $4163912.55   | 2.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Oil-Dri Corporation Of America               | OIL-DRI CORPORATION OF AMERICA                                            | CUSIP: 677864100<br>LEI: 549300RSG5KPUH16WH66 | Long             | EC               | CORP              | US        |     92756 | NS      | $5471676.44   | 2.67%             |  |  |  | No            |                  1 | On Loan: —       |
| Johnson Outdoors Inc.                        | Johnson Outdoors, Inc. Class A                                            | CUSIP: 479167108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42418 | NS      | $1283992.86   | 0.63%             |  |  |  | No            |                  1 | On Loan: —       |
| First Western Financial Inc.                 | First Western Financial Inc                                               | CUSIP: 33751L105<br>LEI: 549300PPOGX4C7S66B47 | Long             | EC               | CORP              | US        |     67661 | NS      | $1526432.16   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Molding Technologies Inc.               | Core Molding Technologies, Inc.                                           | CUSIP: 218683100<br>LEI: 549300ZY2MFRXCKVIJ28 | Long             | EC               | CORP              | US        |     90209 | NS      | $1496567.31   | 0.73%             |  |  |  | No            |                  1 | On Loan: —       |
| Miller Industries Inc. (Tennessee)           | Miller Industries, Inc.                                                   | CUSIP: 600551204<br>LEI: 549300F1O74SPUJ7UU94 | Long             | EC               | CORP              | US        |     38876 | NS      | $1728426.96   | 0.84%             |  |  |  | No            |                  1 | On Loan: —       |
| Energy Recovery Inc.                         | Energy Recovery, Inc.                                                     | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               | CORP              | US        |    131243 | NS      | $1677285.54   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocky Brands Inc.                            | Rocky Brands, Inc.                                                        | CUSIP: 774515100<br>LEI: 5299004HQ6GCTW838N96 | Long             | EC               | CORP              | US        |     71611 | NS      | $1589048.09   | 0.77%             |  |  |  | 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        |   5145836 | NS      | $5145835.80   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners Inc.                    | Green Brick Partners, Inc.                                                | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |     13543 | NS      | $851583.84    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ESAB Corp.                                   | ESAB Corporation                                                          | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |      5628 | NS      | $678455.40    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp.                      | Progress Software Corporation                                             | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |     19127 | NS      | $1221067.68   | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Astrana Health Inc                           | Astrana Health, Inc.                                                      | CUSIP: 03763A207<br>LEI: 5493008O4R82Q4STJ936 | Long             | EC               | CORP              | US        |    241743 | NS      | $6014565.84   | 2.93%             |  |  |  | No            |                  1 | On Loan: —       |
| N/A                                          | State Street Navigator Securities Lending Portfolio I                     | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |  42815687 | NS      | $42815687.25  | 20.87%            |  |  |  | No            |                  1 | On Loan: No      |
| Silvercrest Asset Mgmt Group Inc             | Silvercrest Asset Management Group, Inc.                                  | CUSIP: 828359109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    111797 | NS      | $1773100.42   | 0.86%             |  |  |  | No            |                  1 | On Loan: —       |
| Allegiant Travel Company                     | Allegiant Travel Company                                                  | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |     97679 | NS      | $5367461.05   | 2.62%             |  |  |  | No            |                  1 | On Loan: —       |
| Asure Software Inc                           | ASURE SOFTWARE, INC.                                                      | CUSIP: 04649U102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    128873 | NS      | $1257800.48   | 0.61%             |  |  |  | No            |                  1 | On Loan: —       |
| Ryman Hospitality Properties Inc             | Ryman Hospitality Properties, Inc. REIT                                   | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     94021 | NS      | $9277052.07   | 4.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Concrete Pumping Holdings Inc.               | Concrete Pumping Holdings, Inc.                                           | CUSIP: 206704108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    380695 | NS      | $2341274.25   | 1.14%             |  |  |  | No            |                  1 | On Loan: —       |
| International General Insurance Holdings Ltd | International General Insurance Holdings Ltd.                             | CUSIP: G4809J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    167454 | NS      | $4022245.08   | 1.96%             |  |  |  | No            |                  1 | On Loan: —       |
| United States Lime & Minerals Inc.           | United States Lime & Minerals, Inc.                                       | CUSIP: 911922102<br>LEI: 549300VGDEEG8RT7VC89 | Long             | EC               | CORP              | US        |     58494 | NS      | $5837701.20   | 2.85%             |  |  |  | No            |                  1 | On Loan: —       |
| Graham Corp                                  | Graham Corporation                                                        | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |    117925 | NS      | $5838466.75   | 2.85%             |  |  |  | No            |                  1 | On Loan: —       |
| Ashland Inc.                                 | Ashland, Inc.                                                             | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     23341 | NS      | $1173585.48   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Innovations Inc               | Fortune Brands Innovations, Inc.                                          | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |     39853 | NS      | $2051632.44   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Avanos Medical Inc                           | Avanos Medical, Inc.                                                      | CUSIP: 05350V106<br>LEI: 549300YCXWOM7NEWMQ58 | Long             | EC               | CORP              | US        |    257933 | NS      | $3157099.92   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Marzetti Co.(The)                            | The Marzetti Company                                                      | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |     15493 | NS      | $2676725.61   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc.                           | Post Holdings, Inc.                                                       | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |     22880 | NS      | $2494606.40   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc                        | Civitas Resources, Inc.                                                   | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |    161922 | NS      | $4456093.44   | 2.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Rimini Street Inc.                           | Rimini Street, Inc.                                                       | CUSIP: 76674Q107<br>LEI: 54930042ITIRGVM4HY55 | Long             | EC               | CORP              | US        |    262468 | NS      | $989504.36    | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Strawberry Fields REIT Inc.                  | Strawberry Fields REIT, Inc.                                              | CUSIP: 863182101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    149993 | NS      | $1580926.22   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                     | UGI CORP.                                                                 | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |    102631 | NS      | $3737821.02   | 1.82%             |  |  |  | No            |                  1 | On Loan: —       |
| Proficient Auto Logistics Inc                | Proficient Auto Logistics Incorporated                                    | CUSIP: 74317M104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    446046 | NS      | $3238293.96   | 1.58%             |  |  |  | No            |                  1 | On Loan: —       |
| Red Rock Resorts Inc                         | Red Rock Resorts, Inc. Class A                                            | CUSIP: 75700L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    242549 | NS      | $12619824.47  | 6.15%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies Inc.                        | UFP Technologies, Inc.                                                    | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |     13920 | NS      | $3398707.20   | 1.66%             |  |  |  | No            |                  1 | On Loan: —       |
| Allient Inc                                  | Allied Motion Technologies, Inc.                                          | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |     72803 | NS      | $2643476.93   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Infrastructure Inc                      | FTAI Infrastructure Incorporated                                          | CUSIP: 35953C106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    859371 | NS      | $5302319.07   | 2.58%             |  |  |  | No            |                  1 | On Loan: —       |
| BOK Financial Corp                           | BOK Financial Corporation                                                 | CUSIP: 05561Q201<br>LEI: GRI2NT5QHYW751NMR949 | Long             | EC               | CORP              | US        |     29445 | NS      | $2874715.35   | 1.40%             |  |  |  | No            |                  1 | On Loan: —       |
| AZZ Inc                                      | AZZ, Inc.                                                                 | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     25891 | NS      | $2446181.68   | 1.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Live Oak Bancshares Inc                      | Live Oak Bancshares, Inc.                                                 | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    199502 | NS      | $5945159.60   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corporation               | Magnolia Oil & Gas Corporation                                            | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    106609 | NS      | $2396570.32   | 1.17%             |  |  |  | No            |                  1 | On Loan: —       |
| CubeSmart (Maryland)                         | CubeSmart REIT                                                            | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70204 | NS      | $2983670.00   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrus Energy Corp.                         | Centrus Energy Corporation                                                | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |     25081 | NS      | $4594337.58   | 2.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Ducommun Incorporated                        | Ducommun, Inc.                                                            | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |    107220 | NS      | $8859588.60   | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Mr Cooper Group Inc                          | MR Cooper Group, Inc.                                                     | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |     46882 | NS      | $6995263.22   | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesco International, Inc.                    | WESCO International, Inc.                                                 | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |      4630 | NS      | $857476.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Financial Inc                        | Triumph Financial, Inc.                                                   | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |    138558 | NS      | $7635931.38   | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-29

**Name of Applicant:** Diamond Hill Funds

**Signature:** Julie Roach

**Name of Signer:** Julie Roach

**Title:** Treasurer