XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.24.2

Investments | 6 Months Ended
--- | ---
Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract] |
Investments | Investments The following table summarizes the carrying value of the Company’s investments as of June 30, 2024 and December 31, 2023:
| As of
| June 30, 2024 |  | December 31, 2023
Fair value investments: |  |  |
Company sponsored investments | $ | 63,294,083 |  |  | $ | 63,208,573 |
Company sponsored equity method investments | 90,702,962 |  |  | 84,530,289 |
Total Investments | $ | 153,997,045 |  |  | $ | 147,738,862 |
The components of net investment income (loss) are as follows:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Realized gains (losses) | $ | 631,300 |  |  | $ | (12,598) |  |  | $ | 1,010,255 |  |  | $ | 806,537 |
Change in unrealized | (2,089,643) |  |  | 4,843,046 |  |  | 5,959,069 |  |  | 10,651,217 |
Dividends | 822,397 |  |  | 1,530,260 |  |  | 1,775,613 |  |  | 3,039,548 |
Other | (18,645) |  |  | (84,000) |  |  | (33,850) |  |  | (137,856) |
Investment (loss) income, net | $ | (654,591) |  |  | $ | 6,276,708 |  |  | $ | 8,711,087 |  |  | $ | 14,359,446 |
Company-Sponsored Equity Method Investments As of June 30, 2024, the Company’s equity method investments consisted of DHMF, the Diamond Hill International Fund, and the Diamond Hill Large Cap Concentrated Fund. The Company’s ownership percentage in these investments was 84%, 43%, and 45%, respectively. The Company’s ownership in DHMF, the Diamond Hill International Fund, and the Diamond Hill Large Cap Concentrated Fund includes $7.7 million of investments held in the Deferred Compensation Plans (as defined in Note 6). The following table includes the condensed summary financial information from the Company’s equity method investments as of, and for the three-month and six-month periods ended, June 30, 2024:
|  |  | As of
|  |  | June 30, 2024
Total assets |  |  | $ | 195,843,131 |
Total liabilities |  |  | 8,241,975 |
Net assets |  |  | 187,601,156 |
DHCM’s portion of net assets |  |  | $ | 90,702,962 |
| For the Three Months Ended |  | For the Six Months Ended
| June 30, 2024 |  | June 30, 2024
Investment income | $ | 1,441,947 |  |  | $ | 2,576,888 |
Expenses | 434,129 |  |  | 820,622 |
Net realized gains | 1,038,400 |  |  | 3,192,465 |
Change in unrealized | (2,764,350) |  |  | 6,924,246 |
Net (loss) income | (718,132) |  |  | 11,872,977 |
DHCM’s portion of net (loss) income | $ | (374,341) |  |  | $ | 5,900,279 |
The Company’s investments at June 30, 2024 include its interest in DHMF, an unconsolidated VIE, as the Company is not deemed the primary beneficiary. The Company’s maximum risk of loss related to its involvement with DHMF is limited to the carrying value of its investment, which was $19.3 million as of June 30, 2024.

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsDebtAndEquitySecuritiesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 940 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/940-320/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Regulation S-K (SK) -Number 229 -Section 1403 -Paragraph b -Publisher SEC Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/320/tableOfContent Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 320 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481800/320-10-50-10 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6B -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6B Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 320 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/942-320/tableOfContent + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration