Investment Portfolio (Notes)

12 Months Ended

Dec. 31, 2014

Investments, Debt and Equity Securities [Abstract]

Investment Portfolio

Investment Portfolio

As of December 31, 2014, the Company held investments (excluding money market funds, included with cash and cash equivalents) worth $45.4 million and an estimated cost basis of $37.1 million. The following table summarizes the fair value of these investments as of December 31, 2014 and 2013:

	As of December 31,
	2014		2013
Seed Capital Investments:
Diamond Hill Research Opportunities Fund	$	13,143,281	$	13,305,830
Diamond Hill Mid Cap Fund	10,729,930		—
Diamond Hill Financial Long-Short Fund	1,222,892		1,131,034
Diamond Hill High Yield Fund, L.P.	9,764,814		—
Diamond Hill Valuation-Weighted 500, L.P.	3,398,035		3,000,328
Diamond Hill Global Fund, L.P.	1,489,740		—
Diamond Hill Investment Partners, L.P.	—		1,133
Total Seed Capital Investments	39,748,692		17,438,325
Deferred Compensation Investments	5,678,764		1,287,745
Total Investment Portfolio	$	45,427,456	$	18,726,070

The deferred compensation investments above consists of Diamond Hill Funds and relate to deferred compensation liabilities from both deferred compensation plans (refer to Note 5) and other deferred compensation arrangements.

DHCM is the managing member of the General Partner, which is the general partner of the Partnerships. The underlying assets of the Partnerships are cash, marketable equity securities and fixed income securities. Summary financial information, including the Company’s carrying value and income from the Partnerships, is as follows:

	As of December 31,
	2014		2013		2012
Total partnership assets	$	128,182,211	$	122,106,403	$	105,472,952
Total partnership liabilities	21,782,571		25,217,600		17,786,579
Net partnership assets	$	106,399,640	$	96,888,803	$	87,686,373
DHCM’s portion of net assets	$	14,652,589	$	3,001,461	$	3,650,561
	For the Year Ended December 31,
	2014		2013		2012
Net partnership income	$	8,870,418	$	24,294,495	$	15,054,951
DHCM’s portion of net income	$	491,951	$	899,958	$	472,659