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Investments | 3 Months Ended
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Mar. 31, 2022
Investments, Debt and Equity Securities [Abstract] |
Investments | Investments The following table summarizes the carrying value of the Company's investments as of March 31, 2022, and December 31, 2021:
| As of
| March 31, 2022 |  | December 31, 2021
Fair value investments: |  |  |
Securities held in Consolidated Funds(a) | $ | 75,621,130 |  |  | $ | 73,855,204 |
Company sponsored investments | 73,186,055 |  |  | 79,173,437 |
Company sponsored equity method investments | 13,122,983 |  |  | 13,627,360 |
Total Investments | $ | 161,930,168 |  |  | $ | 166,656,001 |
(a) Of the securities held in the Consolidated Funds as of March 31, 2022, the Company directly held $53.2 million and noncontrolling shareholders held $22.4 million. Of the securities held in the Consolidated Funds as of December 31, 2021, the Company directly held $55.8 million and noncontrolling shareholders held $18.1 million. The components of net investment income (loss) are as follows:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2022 |  | 2021
Realized gains |  |  |  |  | $ | 1,443,747 |  |  | $ | 2,523,505 |
Change in unrealized |  |  |  |  | (9,750,856) |  |  | 2,505,344 |
Dividends |  |  |  |  | 767,885 |  |  | 665,009 |
Other |  |  |  |  | (53,033) |  |  | (30,404) |
Investment income (loss), net |  |  |  |  | $ | (7,592,257) |  |  | $ | 5,663,454 |
Company Sponsored Equity Method Investments The Company's only equity method investment during the three-month period ended March 31, 2022 was DHMF, which commenced operations on June 1, 2021. The Company's ownership percentage in DHMF was 86% as of March 31, 2022, and includes $3.4 million of deferred compensation plan investments. The following table includes the condensed summary financial information from the Company's equity method investments as of and for the three-month period ended March 31, 2022:
|  |  | As of
|  |  | March 31, 2022
Total assets |  |  | $ | 15,466,537 |
Total liabilities |  |  | 209,206 |
Net assets |  |  | 15,257,331 |
DHCM's portion of net assets |  |  | $ | 13,122,983 |
|  |  | For the Three Months Ended
|  |  | March 31, 2022
Investment income |  |  | $ | 37,843 |
Expenses |  |  | 17,667 |
Net realized losses |  |  | (19,569) |
Change in unrealized |  |  | (1,456,666) |
Net loss |  |  | (1,456,059) |
DHCM's portion of net loss |  |  | $ | (1,251,721) |

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- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph (b) + Details
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