Diamond Hill reveals July AUM at $30.4 billion

COLUMBUS, OH – Diamond Hill Investment Group, Inc. (NASDAQ:DHIL), an Ohio-based investment advisory firm, disclosed its assets under management (AUM) for July 2024, totaling approximately $30.4 billion. This announcement was made in a regulatory filing with the Securities and Exchange Commission today.

According to the filing, the AUM of Diamond Hill Capital Management, Inc., a wholly owned subsidiary of Diamond Hill Investment Group, is spread across various investment vehicles and strategies. Diamond Hill Funds account for $17.641 billion of the AUM, with separately managed accounts contributing $6.813 billion. Collective investment trusts and other pooled vehicles were reported at $1.945 billion and $4.030 billion, respectively.

The company’s AUM by investment strategy shows a significant focus on Large Cap strategies, with $18.577 billion managed in this category. Other strategies include Small-Mid Cap at $2.537 billion, Mid Cap at $1.103 billion, and Long-Short strategies with $1.828 billion. Notably, the Short Duration Securitized Bond and Core Fixed Income strategies also represent substantial portions of the AUM, at $2.940 billion and $2.116 billion, respectively.

The report also mentioned a deduction of $10 million representing investments in affiliated funds, bringing the total AUM to the stated $30.429 billion.

The financial details were provided in Diamond Hill’s Form 8-K, filed as a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. The filing serves as a regular update on the company’s AUM and does not include additional events or financial data.

Diamond Hill Investment Group, with its headquarters at 325 John H. McConnell Blvd, Suite 200, Columbus, Ohio, is recognized under the Standard Industrial Classification code for Investment Advice. The company’s fiscal year ends on December 31st.

Investors and stakeholders typically monitor AUM as an indicator of the company’s size and performance in asset management. The AUM figures are based on a press release statement and reflect the company’s status as of July 31, 2024.

In other recent news, Diamond Hill Investment Group Inc. reported its assets under management (AUM) as of June 30, 2024, in a regulatory filing. The company’s AUM reached $29.291 billion, distributed across various investment vehicles and strategies. Diamond Hill Funds held the most substantial portion with $16.938 billion, followed by separately managed accounts at $6.657 billion, other pooled vehicles at $3.839 billion, and collective investment trusts at $1.857 billion.

Investment strategies were diverse, with Large Cap strategies holding the majority of the assets at $17.917 billion. Other notable strategies included the Small Cap strategy at $250 million, the Long-Short strategy at $1.834 billion, Short Duration Securitized Bond at $2.809 billion, and Core Fixed Income strategies at $2.039 billion. This financial update was filed in a Form 8-K with the Securities and Exchange Commission, and certified by Thomas E. Line, Chief Financial Officer and Treasurer of Diamond Hill Investment Group.

These recent developments provide a snapshot of Diamond Hill’s financial health and growth, underlining its position in the investment advisory market. The AUM figures reflect the total market value of the assets managed by the company on behalf of its clients, offering transparency to investors regarding its size and scope as of the end of the second quarter of 2024.

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