Market Performance - US stocks gained over 8% in Q3 2025, as measured by the Russell 3000 Index, with small-cap stocks rising more than 12% [1] - Large-cap stocks increased by about 8%, while mid-cap stocks saw a gain of 5% [1] Investment Strategy Performance - Diamond Hill Mid Cap Strategy underperformed the Russell Midcap Index in Q3 2025, returning 4.49% net compared to 5.33% for the Index [1] Company Focus: The Toro Company - The Toro Company (NYSE:TTC) had a one-month return of 13.21% but lost 0.74% of its value over the last 52 weeks [2] - As of December 30, 2025, The Toro Company stock closed at $79.51 per share, with a market capitalization of $7.78 billion [2] Investment Positioning - The Toro Company was among several new positions initiated in Q3 2025, reflecting the belief that its price does not reflect its long-term growth outlook [3] - The company is not listed among the 30 most popular stocks among hedge funds, with 29 hedge fund portfolios holding it at the end of Q3, down from 36 in the previous quarter [4]