Investments (Tables)

6 Months Ended

Jun. 30, 2022

Investments [Abstract]

Investments in Marketable Equity Securities

Investments in marketable equity securities consist of the following:

	As of
	June 30, 2022		December 31, 2021
(in thousands)
Total cost	$	269,576	$	273,201
Gross unrealized gains	382,007		537,915
Gross unrealized losses	(2,979)		(1,119)
Total Fair Value	$	648,604	$	809,997

Gain on Marketable Equity Securities

The net (loss) gain on marketable equity securities comprised the following:

	Three Months Ended   June 30				Six Months Ended   June 30
(in thousands)	2022		2021		2022		2021
(Loss) gain on marketable equity securities, net	$	(165,540)	$	83,698	$	(118,628)	$	162,912
Less: Net losses (gains) in earnings from marketable equity securities sold and donated	4,838		(8,161)		10,605		(8,161)
Net unrealized (losses) gains in earnings from marketable equity securities still held at the end of the period	$	(160,702)	$	75,537	$	(108,023)	$	154,751