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Investment Securities (Tables)

3 Months Ended

Mar. 31, 2023

Investments, Debt and Equity Securities [Abstract]


	As of March 31, 2023		As of December 31, 2022
Investments in equity securities	$	111,909	$	76,156
Investments in equity securities accounted for under the equity method	11,354		9,259
Total investment securities	$	123,263	$	85,415

Unrealized Gain (Loss) on Investments

Unrealized gain (loss) related to investment securities held at the end of the periods indicated below were as follows:


	For the Three Months Ended March 31,
	2023		2022
Unrealized gain (loss) on investment securities held at the end of the period	$	7,891	$	(3,928)

Gain (Loss) on Investments

Other net investment gain (loss) is presented within the non-operating income (expense) section of the Consolidated Statements of Operations. The components of other net investment gain (loss) are as follows:


	For the Three Months Ended March 31,
	2023		2022
Net investment gain (loss) on nonconsolidated seed investments	$	1,710	$	(1,638)
Net investment gain (loss) on franchise capital investments	7,018		(2,961)
Other	529		(153)
Other net investment gain (loss)	$	9,257	$	(4,752)