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Investments
 9 Months Ended
Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]  
Investments Investments
The following table summarizes the carrying value of the Company’s investments as of September 30, 2024 and December 31, 2023:
As of
September 30, 2024December 31, 2023
Fair value investments:
Company sponsored investments$66,575,315 $63,208,573 
Company sponsored equity method investments96,688,568 84,530,289 
Total Investments$163,263,883 $147,738,862 


The components of net investment income (loss) are as follows:

Three Months Ended September 30,Nine Months Ended September 30,
2024202320242023
Realized gains$70,138 $211,446 $1,080,393 $1,017,983 
Change in unrealized8,620,510 (6,283,344)14,579,579 4,367,873 
Dividends997,553 1,457,543 2,773,166 4,497,091 
Other
(19,240)(22,597)(53,090)(160,453)
Investment income (loss), net$9,668,961 $(4,636,952)$18,380,048 $9,722,494 
Company-Sponsored Equity Method Investments
As of September 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%, 42%, and 44%, respectively. The Company’s ownership in DHMF, the Diamond Hill International Fund, and the Diamond Hill Large Cap Concentrated Fund includes $8.4 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 nine-month periods ended, September 30, 2024:
As of
September 30, 2024
Total assets$211,042,839 
Total liabilities8,623,462 
Net assets202,419,377 
DHCM’s portion of net assets$96,688,568 
For the Three Months EndedFor the Nine Months Ended
September 30, 2024September 30, 2024
Investment income$929,969 $3,506,857 
Expenses420,777 1,241,399 
Net realized gains 120,769 3,313,234 
Change in unrealized 11,228,899 18,153,145 
Net income
11,858,860 23,731,837 
DHCM’s portion of net income
$5,804,877 $11,705,156 
The Company’s investments at September 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 $20.7 million as of September 30, 2024.