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Investment Portfolio
 9 Months Ended
Sep. 30, 2013
Investments Debt And Equity Securities [Abstract]  
Investment Portfolio

Note 3 Investment Portfolio

As of September 30, 2013, the Company held investments (excluding money market funds, which are included in cash and cash equivalents) worth $22.1 million with an estimated cost basis of $14.4 million. The following table summarizes the market value of these investments as of September 30, 2013 and December 31, 2012:

 

     September 30,
2013		      December 31,
2012		  

Diamond Hill Small Cap Fund

    $ 279,788       $ 215,550   

Diamond Hill Small-Mid Cap Fund

      310,929         239,316   

Diamond Hill Large Cap Fund

      308,579         246,744   

Diamond Hill Select Fund

      317,971         242,252   

Diamond Hill Long-Short Fund

      1,201,473         1,036,045   

Diamond Hill Financial Long-Short Fund

      2,045,949         —     

Diamond Hill Research Opportunities Fund

      13,166,502         10,658,665   

Diamond Hill Strategic Income Fund

      212,480         214,598   

Diamond Hill Investment Partners, L.P.

      9,075         7,336   

Diamond Hill Research Partners—International, L.P.

      1,530,093         1,384,976   

Diamond Hill Valuation-Weighted 500, L.P.

      2,700,377         2,258,249   
  

 

 

     

 

 

  

Total Investment Portfolio

    $ 22,083,216       $ 16,503,731   
  

 

 

     

 

 

  

DHCM is the managing member of the General Partner, 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, 2013      December 31, 2012  

Total partnership assets

    $ 117,713,981       $ 105,472,952   

Total partnership liabilities

      22,226,971         17,786,579   
  

 

 

     

 

 

  

Net partnership assets

    $ 95,487,010       $ 87,686,373   

DHCM’s portion of net assets

    $ 4,239,545       $ 3,650,561   
     For the
Nine Months Ended
September 30, 2013		      For the
Year Ended
December 31, 2012		  

Net partnership income

    $ 19,286,862       $ 15,054,951   

DHCM’s portion of net income

    $ 588,984       $ 472,659