INVESTMENTS

As of September 30, 2015 and December 31, 2014, the Company had commercial paper and money market investments of $804.7 million and $594.3 million, respectively, that are classified as cash, cash equivalents and restricted cash in the Company's Condensed Consolidated Balance Sheets.

Investments in marketable equity securities comprised the following:



	As of
	September 30, 2015			December 31, 2014
(in thousands)	September 30, 2015			December 31, 2014
Total cost	$	242,505		$	106,909
Gross unrealized gains	74,263			86,884
Gross unrealized losses	(3,876		)	—
Total Fair Value	$	312,892		$	193,793

The Company invested $135.6 million in marketable equity securities during the first nine months of 2015. There were no new investments in marketable equity securities during the first nine months of 2014. There were no sales of marketable equity securities in the first nine months of 2015. In the first quarter of 2014, the Company recorded a $0.5 million write-down of the Company's investment in Corinthian Colleges, Inc., a publicly traded company. In the second quarter of 2014, the Company sold its remaining investment in Corinthian Colleges, Inc. During the first nine months of 2014, the proceeds from sales of these marketable securities were $5.8 million and net realized losses were $2.6 million.

On June 30, 2014, the Company completed a transaction with Berkshire Hathaway, as described in Note 4, that included the exchange of 2,107 Class A Berkshire shares and 1,278 Class B Berkshire shares owned by the Company; a $266.7 million gain was recorded.

In the second quarter of 2015, the Company acquired an approximate 20% in HomeHero, a company that created and manages an online senior home care marketplace, which is accounted for as an investment in affiliate. As of September 30, 2015, the Company also held a 40% interest in Residential Home Health Illinois, a 42.5% interest in Residential Hospice Illinois, a 40% interest in the joint venture formed between Celtic Healthcare and Allegheny Health Network (AHN) and interests in several other affiliates (see Note 4).

On April 1, 2014, the Company received a gross cash distribution of $95.0 million from Classified Ventures' sale of apartments.com. In connection with this sale, the Company recorded a pre-tax gain of $90.9 million in the second quarter of 2014.