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Investment Portfolio
 9 Months Ended
Sep. 30, 2012
Investment Portfolio [Abstract]  
Investment Portfolio
Note 3 Investment Portfolio

As of September 30, 2012, the Company held investments worth $15.7 million and an estimated cost basis of $11.7 million. The following table summarizes the market value of these investments as of September 30, 2012 and December 31, 2011:

 

                 
    September 30,     December 31,  
    2012     2011  

Diamond Hill Small Cap Fund

   $ 218,629     $ 189,042  

Diamond Hill Small-Mid Cap Fund

     237,865       203,571  

Diamond Hill Large Cap Fund

     248,974       213,110  

Diamond Hill Select Fund

     246,898       214,833  

Diamond Hill Long-Short Fund

     241,532       212,720  

Diamond Hill Research Opportunities Fund  (a)

     10,618,026       —    

Diamond Hill Strategic Income Fund

     214,213       197,284  

Diamond Hill Investment Partners, L.P.

     7,015       156,122  

Diamond Hill Investment Partners II, L.P.  (b)

     —         131,203  

Diamond Hill Research Partners L.P.  (a)

     —         5,770,874  

Diamond Hill Research Partners - International, L.P.

     1,356,375       919,730  

Diamond Hill Valuation-Based Index, L.P.

     2,280,712       —    
   

 

 

    

 

 

  

Total Investment Portfolio

   $ 15,670,239     $ 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.
(b) On July 18, 2012, Diamond Hill Investment Partners II, L.P. was liquidated.

 

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  
    September 30, 2012     December 31, 2011  

Total partnership assets

   $ 102,336,078     $ 130,880,368  

Total partnership liabilities

     16,773,171       21,570,822  
   

 

 

    

 

 

  

Net partnership assets

   $ 85,562,907     $ 109,309,546  

DHCM’s portion of net assets

   $ 3,644,102     $ 6,977,929  
     
    For the
Nine Months Ended
September 30, 2012		     For the
Year Ended
December 31, 2011		  

Net partnership income (loss)

   $ 11,548,485     $ (11,007,617 ) 

DHCM’s portion of net income (loss)

   $ 466,201     $ (75,082 )