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Investments (Tables)
 9 Months Ended
Sep. 30, 2024
Investments [Abstract]  
Summary of investments The following tables summarize our investments as of September 30, 2024 and December 31, 2023 (in thousands):
September 30, 2024
Cost
Unrealized
Gains
Unrealized
Losses
Carrying
Amount
Publicly traded companies
$187,085
$50,933
$(85,592)
$152,426
Entities that report NAV
527,042
160,608
(31,225)
656,425
Entities that do not report NAV:
Entities with observable price changes
93,982
72,862
(1,337)
165,507
Entities without observable price changes
407,261
—
—
407,261
Investments accounted for under the equity method
N/A
N/A
N/A
137,708
Total investments
$1,215,370
$284,403
$(118,154)
$1,519,327
December 31, 2023
Cost
Unrealized
Gains
Unrealized
Losses
Carrying
Amount
Publicly traded companies
$203,467
$50,377
$(94,278)
$159,566
Entities that report NAV
507,059
192,468
(27,995)
671,532
Entities that do not report NAV:
Entities with observable price changes
97,892
77,600
(1,224)
174,268
Entities without observable price changes
368,654
—
—
368,654
Investments accounted for under the equity method
N/A
N/A
N/A
75,498
Total investments
$1,177,072
$320,445
$(123,497)
$1,449,518
Schedule of net investment income Our investment income (loss) for the three and nine months ended September 30, 2024 and 2023 consisted of the following (in
thousands):
Three Months Ended September 30,
Nine Months Ended September 30,
2024
2023
2024
2023
Realized gains (losses)
$12,632
(1)
$(3,470)
$47,336
(1)
$16,903
Unrealized gains (losses)
2,610
(77,202)
(32,470)
(220,954)
Investment income (loss)
$15,242
$(80,672)
$14,866
$(204,051)
(1)Consists of realized gains of $23.0 million and $85.2 million, partially offset by impairment charges of $10.3 million and $37.8 million during the three and nine months
ended September 30, 2024, respectively.