
	Assets at Fair Value as of December 31, 2025
	Level 1	Level 2	Total

Common stock	271,095,936	—	271,095,936
Registered Investment Co Funds	2,561,045	—	2,561,045
Short-Term Investments	—	557,626,935	557,626,935
Self-directed brokerage acct:
Common Stock	630,347,100	—	630,347,100
Registered investment co.	2,122,583,774	—	2,122,583,774
Money market	273,026,195	—	273,026,195
Rights/warrants	98,064	—	98,064
Corporate bonds/other	—	10,779,070	10,779,070
Short-Term investments	—	35,598,358	35,598,358
US Government securities	—	27,013,205	27,013,205
	3,299,712,114	631,017,568	3,930,729,682

Investments measured at net asset value:
Common/collective funds			8,422,252,047
Total assets at fair value			12,352,981,729


	Assets at Fair Value as of December 31, 2024
	Level 1	Level 2	Total

Common stock	283,354,047	—	283,354,047
Registered Investment Co Funds	5,776,318	—	5,776,318
Short-Term Investments	—	546,068,377	546,068,377
Self-directed brokerage acct:
Common Stock	530,491,268	—	530,491,268
Registered investment co.	1,831,295,606	—	1,831,295,606
Money market	259,487,778	—	259,487,778
Rights/warrants	152,636	—	152,636
Corporate bonds/other	—	9,837,515	9,837,515
Short-Term investments	—	46,209,422	46,209,422
US Government securities	—	24,934,442	24,934,442
	2,910,557,652	627,049,756	3,537,607,408

Investments measured at net asset value:
Common/collective funds			7,883,697,168
Total assets at fair value			11,421,304,575

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

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+ Details

- Definition

Tabular disclosure of fair value of investment held by employee stock purchase, saving, or similar plan (employee benefit plan (EBP)), including, but not limited to, fair value measured at net asset value per share as practical expedient (NAV).

+ References

+ Details