Investments (Tables)

3 Months Ended

Mar. 31, 2020

Investments [Abstract]

Investments in Marketable Equity Securities

Investments in marketable equity securities consist of the following:

	As of
	March 31, 2020		December 31, 2019
(in thousands)
Total cost	$	232,096	$	282,349
Gross unrealized gains	204,108		302,731
Total Fair Value	$	436,204	$	585,080

(Loss) Gain on Marketable Equity Securities

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

	Three Months Ended   March 31
(in thousands)	2020			2019
(Loss) gain on marketable equity securities, net	$	(100,393	)	$	24,066
Less: Net losses (gains) in earnings from marketable equity securities sold and donated	8,774			(2,982		)
Net unrealized (losses) gains in earnings from marketable equity securities still held at the end of the period	$	(91,619	)	$	21,084