Diamond Hill Select Strategy Added Colgate-Palmolive (CL) on a Dip

Core Insights - Diamond Hill Capital's "Select Fund" underperformed the Russell 3000 Index in Q3 2025, returning 4.98% compared to the index's 8% gain [1] - The fund initiated four new positions in Q3, including Colgate-Palmolive Company, indicating a belief in the long-term growth potential of certain undervalued companies [3] Company Performance - Colgate-Palmolive Company (NYSE:CL) experienced a one-month return of -2.91% and a 52-week loss of 18.86%, closing at $75.73 per share with a market capitalization of $61.207 billion on October 29, 2025 [2] - Despite the overall market rally, Colgate-Palmolive's stock is not among the top 30 most popular stocks among hedge funds, with 59 hedge fund portfolios holding it at the end of Q2 2025, down from 65 in the previous quarter [4] Investment Outlook - JPMorgan has cut Colgate-Palmolive's price target to $88 while maintaining an overweight rating, suggesting a cautious but positive outlook [4] - The investment community acknowledges Colgate-Palmolive's potential but sees greater upside in certain AI stocks, indicating a competitive investment landscape [4]