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Investment Portfolio
 6 Months Ended
Jun. 30, 2012
Investment Portfolio [Abstract]  
Investment Portfolio

Note 3 Investment Portfolio

As of June 30, 2012, the Company held investments worth $15.4 million and an estimated cost basis of $11.7 million. The following table summarizes the market value of these investments as of June 30, 2012 and December 31, 2011:

 

 

                 
    June 30,     December 31,  
    2012     2011  

Diamond Hill Small Cap Fund

   $ 207,938     $ 189,042  

Diamond Hill Small-Mid Cap Fund

     224,087       203,571  

Diamond Hill Large Cap Fund

     231,732       213,110  

Diamond Hill Select Fund

     233,891       214,833  

Diamond Hill Long-Short Fund

     229,166       212,720  

Diamond Hill Research Opportunities Fund (a)

     10,287,142       —    

Diamond Hill Strategic Income Fund

     211,903       197,284  

Diamond Hill Investment Partners, L.P.

     165,473       156,122  

Diamond Hill Investment Partners II, L.P.

     134,152       131,203  

Diamond Hill Research Partners L.P. (a)

     —         5,770,874  

Diamond Hill Research Partners - International, L.P.

     1,309,749       919,730  

Diamond Hill Valuation-Based Index, L.P.

     2,128,055       —    
   

 

 

    

 

 

  

Total Investment Portfolio

   $ 15,363,288     $ 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  
    June 30, 2012     December 31, 2011  

Total partnership assets

   $ 100,325,825     $ 130,880,368  

Total partnership liabilities

     17,746,070       21,570,822  
   

 

 

    

 

 

  

Net partnership assets

   $ 82,579,755     $ 109,309,546  

DHCM’s portion of net assets

   $ 3,737,429     $ 6,977,929  
     
    For the     For the  
    Six Months Ended     Year Ended  
    June 30, 2012     December 31, 2011  

Net partnership income (loss)

   $ 6,176,099     $ (11,007,617 ) 

DHCM’s portion of net income (loss)

   $ 255,375     $ (75,082 )