The Strategy declined 0.52% (net of fees) during the first quarter of 2026 while the benchmark Russell 3000 Index declined 3.96%.
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 increasingly found opportunities among more fundamentally stable, higher-quality, cash-generative large-cap businesses.
Capital One underperformed during the quarter following its announced acquisition of Brex, an AI-native commercial fintech platform.
Diamond Hill initiated a position in Equitable Holdings after it announced an all-stock merger with Corebridge Financial, which will create a leading US life and retirement platform.
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Quarterly Snapshot
Performance
The Strategy declined 0.52% (net of fees) and the Russell 3000 Index declined 3.96%.
Key Drivers
Both stock selection and an overweight to industrials as well as our underweight to information technology
