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Investment Portfolio
 12 Months Ended
Dec. 31, 2012
Investment Portfolio [Abstract]  
Investment Portfolio

Note 3 Investment Portfolio

As of December 31, 2012, the Company held investments excluding money market funds, included with cash and cash equivalents, worth $16.5 million and an estimated cost basis of $12.4 million. The following table summarizes the market value of these investments for the last two fiscal years:

 

                 
    As of December 31,  
    2012     2011  

Diamond Hill Small Cap Fund

   $ 215,550     $ 189,042  

Diamond Hill Small-Mid Cap Fund

     239,316       203,571  

Diamond Hill Large Cap Fund

     246,744       213,110  

Diamond Hill Select Fund

     242,252       214,833  

Diamond Hill Long-Short Fund

     1,036,045       212,720  

Diamond Hill Research Opportunities Fund (a)

     10,658,665       —    

Diamond Hill Strategic Income Fund

     214,598       197,284  

Diamond Hill Investment Partners, L.P.

     7,336       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.

     1,384,976       919,730  

Diamond Hill Valuation-Based Index, L.P.

     2,258,249       —    
   

 

 

    

 

 

  

Total Investment Portfolio

   $ 16,503,731     $ 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 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 December 31,  
    2012     2011     2010  

Total partnership assets

   $ 105,472,952     $ 130,880,368     $ 173,007,238  

Total partnership liabilities

     17,786,579       21,570,822       32,855,190  
   

 

 

    

 

 

    

 

 

  

Net partnership assets

     87,686,373       109,309,546       140,152,048  

DHCM’s portion of net assets

     3,650,561       6,977,929       10,261,062  
   
    For the Year Ended December 31,  
    2012     2011     2010  

Net partnership income (loss)

     15,054,951       (11,007,617 )      4,486,719  

DHCM’s portion of net income (loss)

     472,659       (75,082 )      939,265