$FANG

Diamond Hill Capital’s Q1 2026 Large Cap Strategy investor letter said the strategy fell 2.39% net of fees, trailing the Russell 1000 Value’s 2.10%. It cited stock selection gains in industrials and consumer discretionary and an underweight in communication services. The letter noted Iran-related uncertainty but said it supported oil-sensitive E&Ps; it highlighted Diamondback Energy (FANG), whose shares closed at $200.71 on May 22, 2026.