Diamond Hill Long-Short Fund
DIAYX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 325 John H. Mcconnell Boulevard Columbus OH United States of America 43215
- IPO Date
- Dec 30, 2011
- CIK
- 0001032423
- Website
- diamond-hill.com
- Similar Companies
- Business
- Diamond Hill Long-Short Fund (DIAYX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in U.S. equity securities across all market capitalizations deemed undervalued by its adviser, Diamond Hill Capital Management, Inc., while selling short U.S. equity securities believed to be overvalued; the strategy emphasizes intrinsic value estimation independent of current stock prices, with a focus on businesses offering sustainable competitive advantages, conservative balance sheets, and owner-oriented management for long positions, and the inverse for shorts. The fund maintains a diversified portfolio with significant allocations to sectors such as technology, financial services, healthcare, and communication services, alongside substantial cash holdings for flexibility, targeting primarily institutional and high-net-worth investors in the United States. Class Y shares, identified by ticker DIAYX, feature a net expense ratio of 0.95%, a minimum initial investment of $500,000, and daily pricing, with total net assets for the share class at approximately $100 million as part of the broader strategy's $1.89 billion in assets. Managed by a team led by Chris Bingaman, CFA (since 2007), alongside Nate Palmer, CFA, CPA (since 2018), the fund operates within the Long-Short Equity category under a value-oriented investment style, primarily large-cap focused but flexible across sizes, and domiciled in the United States with inception for Class Y shares on December 30, 2011. Diamond Hill Capital Management, Inc., the adviser and a subsidiary of Diamond Hill Investment Group, Inc. (founded 1990 and headquartered in Columbus, Ohio), oversees the fund as part of its broader suite of value-driven strategies including large-cap, small-cap, and international equity offerings. In recent developments, Diamond Hill Investment Group agreed in December 2025 to be acquired by First Eagle Investments in an all-cash transaction valued at approximately $473 million, enabling the firm to maintain its investment teams, disciplined intrinsic value philosophy, and client service while gaining access to First Eagle's expanded global resources, distribution network, and capabilities. Earlier in September 2025, Diamond Hill launched its first active ETF, DHLX (Diamond Hill Large Cap Concentrated ETF), by converting its Large Cap Concentrated mutual fund strategy, expanding equity offerings with intraday liquidity and daily holdings transparency under portfolio manager Austin Hawley, CFA. The firm also reported 2024 financial results in early 2025, with combined assets under management and advisement reaching $31.9 billion (up from $29.2 billion in 2023), revenue of $151.1 million, and net operating profit margin improving to 29%, alongside ongoing enhancements to the Long-Short team including new short analysts in 2023 and 2024.