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Investment Portfolio
 3 Months Ended
Mar. 31, 2015
Investments, Debt and Equity Securities [Abstract]  
Investment Portfolio
Investment Portfolio
As of March 31, 2015, the Company held investments (excluding money market funds, which are included with cash and cash equivalents) worth $49.7 million with an estimated cost basis of $40.6 million. The following table summarizes the fair value of these investments as of March 31, 2015 and December 31, 2014:
 
As of
 
March 31,
2015
 
December 31,
2014
Seed Capital Investments:
 
 
 
Diamond Hill Research Opportunities Fund
$
12,076,180

 
$
13,143,281

Diamond Hill Mid Cap Fund
11,159,899

 
10,729,930

Diamond Hill Financial Long-Short Fund
1,211,644

 
1,222,892

Diamond Hill High Yield Fund, L.P.
10,113,107

 
9,764,814

Diamond Hill Valuation-Weighted 500, L.P.
3,437,731

 
3,398,035

Diamond Hill Global Fund, L.P.
1,570,317

 
1,489,740

Total Seed Capital Investments
39,568,878

 
39,748,692

Deferred Compensation Investments
10,087,526

 
5,678,764

Total Investment Portfolio
$
49,656,404

 
$
45,427,456



The deferred compensation investments above consists of Diamond Hill Funds and relate to deferred compensation liabilities from both deferred compensation plans (refer to Note 4) and other deferred compensation arrangements.