Published on 12 Mar 2024 on Insider Monkey via Yahoo Finance
Diamond Hill Capital, an investment management company, released its “Select Strategy” fourth-quarter 2023 investor letter. A copy of the same can be downloaded here. In Q4, the portfolio rose strongly outperforming the Russell 3000 Index and adding to calendar-year outperformance. The strategy returned 18.06% (net) in Q4 compared to a 12.07% return for the index. For the calendar year, the strategy returned 30.60% compared to a 25.96% return for the index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Diamond Hill Select Strategy featured stocks like Lancaster Colony Corporation (NASDAQ:LANC) in its Q4 2023 investor letter. Based in Westerville, Ohio, Lancaster Colony Corporation (NASDAQ:LANC) is a food products manufacturing company that operates through Retail and Foodservice segments. On March 12, 2024, Lancaster Colony Corporation (NASDAQ:LANC) stock closed at $202.75 per share. One-month return of Lancaster Colony Corporation (NASDAQ:LANC) was 6.90%, and its shares gained 2.59% of their value over the last 52 weeks. Lancaster Colony Corporation (NASDAQ:LANC) has a market capitalization of $5.58 billion.
Diamond Hill Select Strategy stated the following regarding Lancaster Colony Corporation (NASDAQ:LANC) in its fourth quarter 2023 investor letter: