Diamond Hill Capital, an funding administration firm, launched its “Small Cap Fund” first-quarter 2025 investor letter. A replica of the letter might be downloaded right here. In Q1, markets have been uneven as a result of new presidential administration’s exercise, resulting in concern in regards to the future. The Russell 3000 Index fell by 4.7% in Q1, the primary quarterly loss since Q3 2023. Diamond Hill Small Cap Fund returned -11.56% in Q1, trailing the Russell 2000 Index’s -9.48% return. For extra data on the fund’s high picks in 2025, please examine its high 5 holdings.
In its first-quarter 2025 investor letter, Diamond Hill Small Cap Fund highlighted shares resembling Reside Oak Bancshares, Inc. (NYSE:LOB). Headquartered in Wilmington, North Carolina, Reside Oak Bancshares, Inc. (NYSE:LOB) is a financial institution holding firm for Reside Oak Banking Firm that gives business banking services. The one-month return of Reside Oak Bancshares, Inc. (NYSE:LOB) was 12.99%, and its shares misplaced 25.73% of their worth over the past 52 weeks. On Might 5, 2025, Reside Oak Bancshares, Inc. (NYSE:LOB) inventory closed at $26.93 per share with a market capitalization of $1.189 billion.
Diamond Hill Small Cap Fund said the next relating to Reside Oak Bancshares, Inc. (NYSE:LOB) in its Q1 2025 investor letter:
“Amongst our backside particular person Q1 contributors have been Triumph Monetary and Reside Oak Bancshares, Inc. (NYSE:LOB). Shares of regional financial institution Reside Oak Bancshares have been pressured because it confronted credit score points in the course of the quarter, in addition to auditor questions relating to its overview course of. Nonetheless, we imagine the corporate has carved out a gorgeous lending area of interest to small companies and will place itself nicely to turn out to be a go-to lender for small companies within the US.”
An govt in a swimsuit strolling throughout the foyer of a contemporary business financial institution.
Reside Oak Bancshares, Inc. (NYSE:LOB) isn’t on our record of 30 Most Widespread Shares Amongst Hedge Funds. As per our database, 12 hedge fund portfolios held Reside Oak Bancshares, Inc. (NYSE:LOB) on the finish of the fourth quarter, in comparison with 10 within the third quarter. Whereas we acknowledge the potential of Reside Oak Bancshares, Inc. (NYSE:LOB) as an funding, our conviction lies within the perception that AI shares maintain better promise for delivering greater returns, and doing so inside a shorter timeframe. If you’re searching for an AI inventory that’s as promising as NVIDIA however that trades at lower than 5 occasions its earnings, try our report in regards to the least expensive AI inventory.
In one other article, we coated Reside Oak Bancshares, Inc. (NYSE:LOB) and shared SouthernSun Small Cap Technique’s views on the corporate. As well as, please try our hedge fund investor letters Q1 2025 web page for extra investor letters from hedge funds and different main buyers.
