Investments (Tables)

9 Months Ended

Sep. 30, 2022

Investments [Abstract]

Investments in Marketable Equity Securities

Investments in marketable equity securities consist of the following:

	As of
	September 30, 2022		December 31, 2021
(in thousands)
Total cost	$	273,047	$	273,201
Gross unrealized gains	336,830		537,915
Gross unrealized losses	(12,421)		(1,119)
Total Fair Value	$	597,456	$	809,997

Gain on Marketable Equity Securities

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

	Three Months Ended   September 30				Nine Months Ended   September 30
(in thousands)	2022		2021		2022		2021
(Loss) gain on marketable equity securities, net	$	(54,250)	$	14,069	$	(172,878)	$	176,981
Less: Net losses (gains) in earnings from marketable equity securities sold and donated	137		411		10,742		(7,750)
Net unrealized (losses) gains in earnings from marketable equity securities still held at the end of the period	$	(54,113)	$	14,480	$	(162,136)	$	169,231