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Investment Portfolio
 3 Months Ended
Mar. 31, 2012
Investment Portfolio [Abstract]  
Investment Portfolio

Note 3 Investment Portfolio

As of March 31, 2012, the Company held investments worth $11.8 million and an estimated cost basis of $7.7 million. The following table summarizes the market value of these investments as of March 31, 2012 and December 31, 2011:

 

                 
    March 31, 2012     December 31, 2011  
Diamond Hill Small Cap Fund
  $ 218,202     $ 189,042  
Diamond Hill Small-Mid Cap Fund
    236,778       203,571  
Diamond Hill Large Cap Fund
    244,366       213,110  
Diamond Hill Select Fund
    249,685       214,833  
Diamond Hill Long-Short Fund
    238,901       212,720  
Diamond Hill Research Opportunities Fund (a)
    6,579,367       —    
Diamond Hill Strategic Income Fund
    212,481       197,284  
Diamond Hill Investment Partners, L.P.
    183,677       156,122  
Diamond Hill Investment Partners II, L.P.
    154,588       131,203  
Diamond Hill Research Partners, L.P. (a)
    —         5,770,874  
Diamond Hill Research Partners-International, L.P.
    1,315,768       919,730  
Diamond Hill Valuation-Based Index, L.P.
    2,205,032       —    
   
 
 
   
 
 
 
Total Investment Portfolio
  $ 11,838,845     $ 8,208,489  
   
 
 
   
 
 
 

 

(a) – Effective January 3, 2012, Diamond Hill Research Partners L.P. converted to Diamond Hill Research Opportunities Fund, a series of the Diamond Hill Funds.

DHCM is the managing member of the Diamond Hill General Partner LLC, which is the General Partner of the Partnerships. The underlying assets of the Partnerships are cash and marketable equity securities. Summary financial information, including the Company’s carrying value and income from the Partnerships is as follows:

 

                 
    As of  
    March 31, 2012     December 31, 2011  
Total partnership assets
  $ 124,011,416     $ 130,880,368  
Total partnership liabilities
    26,999,433       21,570,822  
   
 
 
   
 
 
 
Net partnership assets
  $ 97,011,983     $ 109,309,546  
DHCM’s portion of net assets
  $ 3,859,065     $ 6,977,929  
     
    For the Three Months Ended March 31, 2012     For the Year Ended December 31, 2011  
Net partnership income (loss)
  $ 15,783,386     $ (11,007,617 ) 
DHCM’s portion of net income (loss)
  $ 377,010     $ (75,082 ) 

DHCM’s income from the Partnerships includes its pro-rata capital allocation and its share of an incentive allocation, if any, from the limited partners.