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Significant Accounting Policies - Revenue From Contracts with Customers (Details) - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Disaggregation of Revenue [Line Items]      
Revenue $ 154,496,019 $ 182,193,837 $ 126,387,718
Investment advisory      
Disaggregation of Revenue [Line Items]      
Revenue 144,325,517 170,137,609 119,125,230
Mutual fund administration, net      
Disaggregation of Revenue [Line Items]      
Revenue 10,170,502 12,056,228 7,262,488
Diamond Hill Funds      
Disaggregation of Revenue [Line Items]      
Revenue 109,044,073 125,658,545 95,365,987
Diamond Hill Funds | Investment advisory      
Disaggregation of Revenue [Line Items]      
Revenue 98,873,571 113,602,317 88,103,499
Diamond Hill Funds | Mutual fund administration, net      
Disaggregation of Revenue [Line Items]      
Revenue 10,170,502 12,056,228 7,262,488
Separately managed accounts, excluding performance-based fees      
Disaggregation of Revenue [Line Items]      
Revenue 26,200,724 27,882,488 19,772,236
Separately managed accounts, excluding performance-based fees | Investment advisory      
Disaggregation of Revenue [Line Items]      
Revenue 26,200,724 27,882,488 19,772,236
Separately managed accounts, excluding performance-based fees | Mutual fund administration, net      
Disaggregation of Revenue [Line Items]      
Revenue 0 0 0
Performance-based fees      
Disaggregation of Revenue [Line Items]      
Revenue 1,500,225 11,860,051 473,315
Performance-based fees | Investment advisory      
Disaggregation of Revenue [Line Items]      
Revenue 1,500,225 11,860,051 473,315
Performance-based fees | Mutual fund administration, net      
Disaggregation of Revenue [Line Items]      
Revenue 0 0 0
Other pooled vehicles      
Disaggregation of Revenue [Line Items]      
Revenue 9,410,541 10,166,928 7,606,864
Other pooled vehicles | Investment advisory      
Disaggregation of Revenue [Line Items]      
Revenue 9,410,541 10,166,928 7,606,864
Other pooled vehicles | Mutual fund administration, net      
Disaggregation of Revenue [Line Items]      
Revenue 0 0 0
Model delivery      
Disaggregation of Revenue [Line Items]      
Revenue 5,910,061 4,977,234 2,656,487
Model delivery | Investment advisory      
Disaggregation of Revenue [Line Items]      
Revenue 5,910,061 4,977,234 2,656,487
Model delivery | Mutual fund administration, net      
Disaggregation of Revenue [Line Items]      
Revenue 0 0 0
Collective investment trusts      
Disaggregation of Revenue [Line Items]      
Revenue 2,430,395 1,648,591 512,829
Collective investment trusts | Investment advisory      
Disaggregation of Revenue [Line Items]      
Revenue 2,430,395 1,648,591 512,829
Collective investment trusts | Mutual fund administration, net      
Disaggregation of Revenue [Line Items]      
Revenue $ 0 $ 0 $ 0