XML 31 R24.htm IDEA: XBRL DOCUMENT v3.25.3
Fair Value Measurements (Tables)
 9 Months Ended
Sep. 30, 2025
Fair Value Disclosures [Abstract]  
Fair Value, Assets Measured on Recurring Basis

The following table summarizes investments that are recognized in the Company’s consolidated balance sheet using fair value measurements (excluding investments classified as equity method investments) determined based upon the differing levels as of September 30, 2025:

 

 

Level 1

 

 

Level 2

 

 

Level 3

 

 

Total

 

Cash equivalents

 

$

42,044,852

 

 

 

—

 

 

 

—

 

 

$

42,044,852

 

Fair value investments:

 

 

 

 

 

 

 

 

 

 

 

 

Securities held in Consolidated Funds(a)

 

$

167,125

 

 

$

30,741,911

 

 

 

—

 

 

$

30,909,036

 

Company-sponsored investments

 

$

30,709,147

 

 

 

—

 

 

 

—

 

 

$

30,709,147

 

 

(a) Of the securities held in the Consolidated Funds as of September 30, 2025, DHCM directly held $30.9 million and non-controlling shareholders held less than $0.1 million.