v3.26.1
Investments
 6 Months Ended
Jun. 30, 2026
Investments [Abstract]  
Investments Investments
The following table summarizes the Company's investments:

(in thousands)June 30,
2026		December 31, 2025
Equity investments at fair value$329,580 $271,034 
Trading223,455 165,443 
Equity method9 8 
Total investments$553,044 $436,485 

The following table summarizes the amounts related to the Company's VIEs for which it is not the primary beneficiary:
(in thousands)June 30,
2026		December 31, 2025
Investments$4,667 $325 
Receivables$1,046 $791 
Payables$1,147 $992 
The Company’s maximum exposure to loss associated with these VIEs is limited to its investments and uncollected receivables.
The following table summarizes net unrealized gains from investments still held at the end of the period:
 Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)2026202520262025
Net unrealized gains (losses) during the period on investments
still held at the end of the period
$15,673 $6,437 $20,366 $8,863