Summary

• Regal Rexnord outperformed in Q1 as the company reported strong orders for a new data center product, which should support solid revenue growth in 2027.
• Diamond Hill initiated a position in Antero Resources, a natural gas exploration and production company, to gain exposure given a constructive long-term outlook for US natural gas.
• Carrier Global is now a focused, high-quality business that Diamond Hill believes is in an excellent position to continue to gain market share and improve margins long-term.
• Diamond Hill added Kimberly-Clark to the portfolio following its announced acquisition of Kenvue and subsequent share price decline to drive meaningful cost synergies and improve growth.
• Diamond Hill exited the position in Alaska Air Group in favor of more attractive opportunities given volatility in oil prices and macroeconomic uncertainty.

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