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Investments - Textual (Details) - USD ($)
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Debt and Equity Securities, FV-NI [Line Items]      
Equity Method Investment, Deferred Compensation Plan Investments $ 3,800,000    
Company sponsored equity method investments $ 24,105,808 $ 13,627,360  
Micro Cap Fund LP      
Debt and Equity Securities, FV-NI [Line Items]      
Equity method investment 85.00%    
DMHF      
Debt and Equity Securities, FV-NI [Line Items]      
Equity method investment   87.00%  
Company sponsored equity method investments $ 13,100,000 $ 13,600,000  
Diamond Hill Core Bond Fund | Minimum      
Debt and Equity Securities, FV-NI [Line Items]      
Equity method investment     20.00%
Diamond Hill Core Bond Fund | Maximum      
Debt and Equity Securities, FV-NI [Line Items]      
Equity method investment     50.00%
Large Cap Concentrated Fund      
Debt and Equity Securities, FV-NI [Line Items]      
Equity method investment 48.00%    
Securities held in Consolidated Funds      
Debt and Equity Securities, FV-NI [Line Items]      
Trading Investments $ 54,740,993 73,855,204  
Parent | Securities held in Consolidated Funds      
Debt and Equity Securities, FV-NI [Line Items]      
Trading Investments 37,500,000 55,800,000  
Redeemable Noncontrolling Interest | Securities held in Consolidated Funds      
Debt and Equity Securities, FV-NI [Line Items]      
Trading Investments $ 17,200,000 $ 18,100,000