← Markets

Diamond Hill Small Mid Cap Fund Class I

DHMIX · NASDAQ

Market closed$28.38$-0.160000 (-0.56%)

Key statistics

Previous close$28.54
Open$28.38
Day high$28.38
Day low$28.38
52-week high$28.54
52-week low$24.89
Market cap866.85M
Volume—
Average volume—
P/E ratio22.19
Forward P/E—
EPS1.28
Dividend yield0.00%

Market context

Why it moved

DHMIX edged lower in thin, low-volume trading as broader fixed-income market pressure and mild risk-off sentiment weighed on the fund's net asset value.

FacebookTiktokYoutubeInstagramInstagram

What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Diamond Hill Small Mid Cap Fund Class I edged up, closing near its 52-week high, as the broader financial services sector benefited from a standout Q2 earnings season. Major banks including JPMorgan, Bank of America, Citigroup, and Goldman Sachs posted strong beats, with Finance sector Q2 earnings up over 30% year-over-year — the best performance relative to recent periods. The iShares U.S. Financial Services ETF (IYG) hit a fresh 52-week high, reflecting broad tailwinds for asset managers and financial funds, even as mixed signals from Morgan Stanley's earnings and a cautious macro backdrop tempered enthusiasm.

0.6383

July 16, 2026Diamond Hill Small Mid Cap Fund Class I closed at a new 52-week high, rising alongside a broadly strong financial services sector buoyed by exceptional Q2 earnings across Wall Street. Finance sector earnings are tracking up over 30% year-over-year with nearly all large-cap reporters beating estimates, while the iShares U.S. Financial Services ETF hit its own 52-week high. A favorable June CPI reading eased rate-hike fears, further supporting asset manager valuations in a record dealmaking and trading environment.

1.4936

July 15, 2026Diamond Hill Small Mid Cap Fund edged up modestly as the broader financial services sector rode a wave of blowout Q2 earnings from major Wall Street banks — Goldman Sachs, JPMorgan, BlackRock, and Morgan Stanley all beat estimates on surging dealmaking, record trading revenue, and robust asset management results. The favorable backdrop was reinforced by a cooler-than-expected June CPI print (3.5% vs. 3.8% forecast), which eased rate hike fears. However, Natixis strategists noted a preference for large-caps over small-caps in H2 2026, a potential headwind for small/mid-cap focused funds like DHMIX.

0.5706

July 14, 2026Diamond Hill Small Mid Cap Fund Class I edged up modestly, closing near flat as the broader financial services sector navigated a mixed macro backdrop. Wall Street's Q2 earnings season kicked off with JPMorgan posting a record quarterly profit and Goldman Sachs beating estimates on a trading and dealmaking surge, providing a constructive tone for asset managers. However, Morningstar flagged financial stocks as the second-worst-performing sector over the past year, citing concerns about AI disruption and cracks in private credit, while a softer-than-expected June CPI reading offered some relief to rate-sensitive equities.

0.2853

July 13, 2026Diamond Hill Small Mid Cap Fund Class I edged higher as the broader financial services sector held relatively steady amid a cautious market backdrop. Investors are navigating a packed week headlined by Q2 earnings from major U.S. banks on July 14, June CPI data, and renewed U.S.-Iran tensions that sent oil prices surging nearly 5%, stoking inflation concerns. Morningstar noted financial stocks have underperformed broadly over the past year, citing AI disruption worries and private credit cracks, though strong bank earnings expectations tied to robust capital markets activity offer a potential near-term catalyst for asset managers.

0.7866

July 9, 2026Diamond Hill Small Mid Cap Fund Class I closed down 1.24%, pressured by a risk-off environment driven by renewed U.S.-Iran military exchanges that cast doubt on the fragile ceasefire and sent oil prices sharply higher. The macro backdrop—rising Treasury yields, inflation concerns, and a rotation away from small- and mid-cap equities—weighed on the fund, even as the broader financial sector (XLF) held roughly flat in after-hours trade and Q2 bank earnings season looms with strong expectations.

-1.2359

July 1, 2026Diamond Hill Small Mid Cap Fund Class I (DHMIX) closed modestly higher, gaining over 1%, as the broader financial services sector benefited from a strong close to Q2 2026. The finance sector surged 10.9% in Q2, driven by rising equity markets, higher capital market volumes, and improving investor sentiment — tailwinds that lifted asset managers like Diamond Hill as rising AUM values support fee-based revenue. Wells Fargo's Goldman Sachs Conviction List addition and stress test dividend hikes further boosted financial sector confidence on the day.

1.0394

June 29, 2026Diamond Hill Small Mid Cap Fund Class I (DHMIX) gained 1.31%, outperforming the broader financial sector (XLF essentially flat in after-hours) as the S&P 500 rebounded on reports that the U.S. and Iran agreed to halt tit-for-tat strikes in the Strait of Hormuz. The ceasefire news eased geopolitical risk, while a broader market rotation away from tech into small- and mid-cap value names — a style where Diamond Hill specializes — helped lift the fund, with analysts noting that diminishing AI-sector dominance is "liberating money to shift into more neglected areas."

1.3072

MarketWatch · July 15, 2026How this small-cap stock picker’s ‘ownership’ approach has helped him beat the Russell 2000Seeking Alpha · May 7, 2026Diamond Hill Small-Mid Cap Strategy Q1 2026 Portfolio ActivitySeeking Alpha · March 2, 2026Diamond Hill Mid Cap Fund Q4 2025 Portfolio ReviewBarron's · October 31, 2014Diamond Hill Small Cap Finds the Diamond in the Rough

Peers

S&P 500SPX · $7,457.69-1.01%Artisan Mid Cap Value FundAPHQX · $15.76-0.76%Brandes Emerging Markets Value Fund Class IBEMIX · $14.45-0.69%Columbia Small Cap Value and Inflection Fund;ACOVAX · $15.30-0.97%BNY Mellon Small Cap Stock Index Fund Investor SharesDISSX · $26.99-0.70%Heartland Value Fund Insti Class ShsHNTVX · $65.48-1.01%Heartland Value Fund Investor Class ShsHRTVX · $63.39-1.01%Putnam International Equity Fd Class APOVSX · $33.51-0.80%Hartford Schroders US MidCap Opportunities FundSMDIX · $22.38-0.53%T. Rowe Price Integrated US SMCC EqTQSMX · $29.73-0.50%William Blair Small Cap Growth Fund Class NWBSNX · $32.14-0.71%