Investments (Tables)

3 Months Ended

Mar. 31, 2024

Investments [Abstract]

Investments in Marketable Equity Securities

Investments in marketable equity securities consist of the following:

	As of
	March 31, 2024		December 31, 2023
(in thousands)
Total cost	$	225,971	$	225,971
Gross unrealized gains	568,334		464,182
Total Fair Value	$	794,305	$	690,153

Gain on Marketable Equity Securities

The net gain on marketable equity securities comprised the following:

	Three Months Ended   March 31
(in thousands)	2024		2023
Gain on marketable equity securities, net	$	104,152	$	18,022
Less: Net losses in earnings from marketable equity securities sold	—		3,657
Net unrealized gains in earnings from marketable equity securities still held at the end of the period	$	104,152	$	21,679