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Investment Portfolio | 3 Months Ended
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Mar. 31, 2016
Investments, Debt and Equity Securities [Abstract] |
Investment Portfolio | Investment Portfolio As of March 31, 2016, the Company held investments (excluding third party money market funds which are included with cash and cash equivalents) worth $56.2 million. The following table summarizes the fair value of these investments as of March 31, 2016:
| As of
| March 31, 2016
Trading investments: |
Equity securities held in consolidated ETF(a) | $ | 16,394,754 |
Seed capital investments | 9,428,651 |
Equity method investments | 17,846,201 |
Deferred compensation investments | 12,520,233 |
Total Investment portfolio | $ | 56,189,839 |
(a) Of the equity interests in consolidated ETF as of March 31, 2016, $12.1 million were held directly by the Company and $4.3 million were held by noncontrolling shareholders. The deferred compensation investments above consist of Diamond Hill Funds and relate to deferred compensation liabilities from both deferred compensation plans (refer to Note 5). As of March 31, 2016, trading investments and equity method investments held in deferred compensation investments were $10.8 million and $1.7 million, respectively. The underlying assets of the company's equity method investments are cash, marketable equity securities and fixed income securities. The following table includes summary financial information from the Company's equity method investments as of and for the period ended March 31, 2016:
| As of
| March 31, 2016
Total assets | $ | 51,463,911 |
Total liabilities | 2,819,908 |
Net assets | 48,644,003 |
DHCM's portion of net assets | 19,524,277 |
| For the Three Months Ended
| March 31, 2016
Net income | 1,302,108 |
DHCM's portion of net income | 646,565 |

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