Investment Portfolio

9 Months Ended

Sep. 30, 2017

Investments, Debt and Equity Securities [Abstract]

As of September 30, 2017, the Company held investments (excluding money market funds, which are included with cash and cash equivalents) worth $129.7 million. The following table summarizes the carrying value of these investments as of September 30, 2017 and December 31, 2016:



	As of
	September 30, 2017		December 31, 2016
Trading investments:
Securities held in Consolidated Funds^(a)	$	65,106,741	$	57,355,471
Company sponsored investments	34,883,067		9,322,118
Company sponsored equity method investments	29,753,573		41,338,046
Total Investment portfolio	$	129,743,381	$	108,015,635

(a) Of the securities held in the Consolidated Funds as of September 30, 2017, $41.9 million were held directly by the Company and $23.2 million were held by noncontrolling shareholders. Of the securities held in the Consolidated Funds as of December 31, 2016, $42.6 million were held directly by the Company and $14.7 million were held by noncontrolling shareholders.

As of September 30, 2017, our equity method investees consisted of the Diamond Hill High Yield Fund, the Diamond Hill Research Opportunities Fund, DHGF, and DHIEF and our ownership percentages in these funds were 47%, 22%, 95%, and 30%, respectively. The Company's equity method investments consist of cash, marketable equity securities and fixed income securities. The following table includes the condensed summary financial information from the Company's equity method investments as of and for the period ended September 30, 2017:



				As of
				September 30, 2017
Total assets				$	130,983,409
Total liabilities				36,624,404
Net assets				94,359,005
DHCM's portion of net assets				29,753,573

	For the Three Months Ended			For the Nine Months Ended
	September 30, 2017			September 30, 2017
Investment income	$	643,059		$	2,164,621
Expenses	300,273			865,475
Net realized gains	599,849			3,171,574
Net change in unrealized appreciation/depreciation	(726,509		)	2,887,675
Net income	216,126			7,358,395
DHCM's portion of net income	324,189			2,372,528