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Investments | 6 Months Ended
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Jun. 30, 2022
Investments, Debt and Equity Securities [Abstract] |
Investments | Investments The following table summarizes the carrying value of the Company's investments as of June 30, 2022, and December 31, 2021:
| As of
| June 30, 2022 |  | December 31, 2021
Fair value investments: |  |  |
Securities held in Consolidated Funds(a) | $ | 72,048,205 |  |  | $ | 73,855,204 |
Company sponsored investments | 67,374,521 |  |  | 79,173,437 |
Company sponsored equity method investments | 11,240,582 |  |  | 13,627,360 |
Total Investments | $ | 150,663,308 |  |  | $ | 166,656,001 |
(a) Of the securities held in the Consolidated Funds as of June 30, 2022, the Company directly held $46.2 million and noncontrolling shareholders held $25.8 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 June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Realized gains (losses) | $ | (1,713,218) |  |  | $ | 1,535,575 |  |  | $ | (269,471) |  |  | $ | 4,059,080 |
Change in unrealized | (16,769,567) |  |  | 3,756,121 |  |  | (26,520,423) |  |  | 6,261,465 |
Dividends | 863,575 |  |  | 604,921 |  |  | 1,631,460 |  |  | 1,269,930 |
Other | (58,663) |  |  | (19,531) |  |  | (111,696) |  |  | (49,935) |
Investment income (loss), net | $ | (17,677,873) |  |  | $ | 5,877,086 |  |  | $ | (25,270,130) |  |  | $ | 11,540,540 |
Company Sponsored Equity Method Investments As of and during the three- and six-month periods ended June 30, 2022, the Company's only equity method investment was DHMF, which commenced operations on June 1, 2021. The Company's ownership percentage in DHMF was 85% as of June 30, 2022, and includes $2.9 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- and six-month periods ended June 30, 2022:
|  |  | As of
|  |  | June 30, 2022
Total assets |  |  | $ | 13,207,500 |
Total liabilities |  |  | 21,075 |
Net assets |  |  | 13,186,425 |
DHCM's portion of net assets |  |  | $ | 11,240,582 |
| For the Three Months Ended |  | For the Six Months Ended
| June 30, 2022 |  | June 30, 2022
Investment income | $ | 38,092 |  |  | $ | 75,935 |
Expenses | 17,482 |  |  | 35,149 |
Net realized losses | — |  |  | (19,569) |
Change in unrealized | (2,241,515) |  |  | (3,698,181) |
Net loss | (2,220,905) |  |  | (3,676,964) |
DHCM's portion of net loss | $ | (1,882,402) |  |  | $ | (3,134,123) |

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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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