Taseko Mines: Riding the Wave of Copper's Ascent
Diamond Hill Capital's Strategic Focus on Small-Cap Growth
In the final quarter of 2025, Diamond Hill Capital's Small Cap Strategy delivered notable returns, outperforming the Russell 2000 Index. The investment firm's approach centers on identifying robust businesses capable of sustained earnings in dynamic market conditions. Their Q4 investor letter revealed key insights into their top selections for the year, showcasing a discerning investment philosophy.
Taseko Mines Limited: A Standout Performer in Mining
Among Diamond Hill Capital's leading contributors for Q4 2025 was Taseko Mines Limited (TGB), a Canadian entity specializing in copper extraction. The company's stock experienced a substantial increase, reflecting a 41.15% gain in the preceding month and an astounding 318.50% surge over the past year. As of early February 2026, Taseko Mines boasted a market capitalization exceeding $3 billion, signaling strong investor confidence.
Driving Factors Behind Taseko's Success
The upward trajectory of Taseko Mines' shares was largely attributed to a significant increase in copper prices, which rose by more than 15% during the fourth quarter. Further bolstering investor optimism was the progress of the company's Florence project in Arizona, indicating future growth potential. These combined factors positioned Taseko as a favorable investment within the mining industry.
Hedge Fund Interest and Market Perception
While Taseko Mines Limited has demonstrated exceptional performance, it is not currently among the most widely held stocks by hedge funds. Data from the end of the third quarter showed 16 hedge fund portfolios holding TGB, a modest increase from the prior quarter's 13. This suggests that while some institutional investors recognize its value, there might be a broader market trend towards other sectors, such as AI, that are perceived to offer higher upside potential with less risk.