Diamond Hill Large Cap Concentrated ETF

DHLX

Market cap $90.5M

Disney's earnings beat, streaming momentum and parks growth put ETFs with heavy exposure to the company in focus.

The Fund returned 1.30% and the Russell 1000 Value Index returned 3.81%. We continue to find more attractive opportunities among high-quality, cash-generative, businesses with more defensive characteristics. The portfolio's lack of exposure to these AI-related companies was responsible for around 70% of the Q4 underperformance.