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Investments | 3 Months Ended
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Mar. 31, 2020
Investments, Debt and Equity Securities [Abstract] |
Investments | Investments The following table summarizes the carrying value of these investments as of March 31, 2020 and December 31, 2019:
| As of
| March 31, 2020 |  | December 31, 2019
Fair value investments: |  |  |
Securities held in Consolidated Funds(a) | $ | 26,043,249 |  |  | $ | 36,248,360 |
Company sponsored investments | 21,579,691 |  |  | 42,039,044 |
Company sponsored equity method investments | 56,896,124 |  |  | 61,149,774 |
Total Investments | $ | 104,519,064 |  |  | $ | 139,437,178 |
(a) Of the securities held in the Consolidated Funds as of March 31, 2020, the Company directly held $16.3 million and noncontrolling shareholders held $9.7 million. Of the securities held in the Consolidated Funds as of December 31, 2019, the Company directly held $21.1 million and noncontrolling shareholders held $15.1 million. The components of net investment income (loss) are as follows:
| Three Months Ended March 31,
| 2020 |  | 2019
Realized gains (losses) | $ | (817,539 | ) |  | $ | 2,907,366 |
Unrealized gains (losses) | (22,467,598 | ) |  | 9,777,692 |
Dividends | 894,413 |  |  | 1,496,439 |
Other investment income (loss) | (7,368 | ) |  | 103,380 |
Investment income (loss), net | $ | (22,398,092 | ) |  | $ | 14,284,877 |
Company Sponsored Equity Method Investments As of March 31, 2020, our equity method investments consisted of the Diamond Hill Research Opportunities Fund and the Diamond Hill Core Bond Fund, and our ownership percentage in each of these investments was 29% and 30%, respectively. The following table includes the condensed summary financial information from the Company's equity method investments as of and for the period ended March 31, 2020:
| As of
| March 31, 2020
Total assets | $ | 213,264,977 |
Total liabilities | 23,227,019 |
Net assets | 190,037,958 |
DHCM's portion of net assets | 56,896,124 |
| For the Three Months Ended
| March 31, 2020
Investment income | $ | 1,199,720 |
Expenses | 340,399 |
Net realized gains | (2,258,700 | )
Net unrealized depreciation | (14,319,744 | )
Net loss | (15,719,123 | )
DHCM's portion of net loss | (3,675,555 | )

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