Investments (Tables)

6 Months Ended

Jun. 30, 2023

Investments [Abstract]

Investments in Marketable Equity Securities

Investments in marketable equity securities consist of the following:

	As of
	June 30, 2023		December 31, 2022
(in thousands)
Total cost	$	225,971	$	270,764
Gross unrealized gains	422,785		363,147
Gross unrealized losses	—		(23,990)
Total Fair Value	$	648,756	$	609,921

Gain (Loss) on Marketable Equity Securities

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

	Three Months Ended   June 30				Six Months Ended   June 30
(in thousands)	2023		2022		2023		2022
Gain (loss) on marketable equity securities, net	$	78,648	$	(165,540)	$	96,670	$	(118,628)
Less: Net (gains) losses in earnings from marketable equity securities sold and donated	(9,132)		4,838		(5,475)		10,605
Net unrealized gains (losses) in earnings from marketable equity securities still held at the end of the period	$	69,516	$	(160,702)	$	91,195	$	(108,023)