v3.26.3
Investments (Tables)
 9 Months Ended
Sep. 30, 2026
Investments [Abstract]  
Investments in Marketable Equity Securities Investments in marketable equity securities consist of the following:
  As of
September 30,
2026		December 31,
2025
(in thousands)
Total cost
$255,193 $256,897 
Gross unrealized gains
817,174 845,889 
Gross unrealized losses(2,626)(20,848)
Total Fair Value
$1,069,741 $1,081,938 
Net Gain (Loss) on Marketable Equity Securities
The net gain (loss) on marketable equity securities comprised the following:

Three Months Ended 
 September 30

Nine Months Ended 
 September 30
(in thousands)
2026202520262025
(Loss) gain on marketable equity securities, net$(15,027)$84,768 $17,929 $117,026 
Less: Net losses (gains) in earnings from marketable equity securities sold and donated13,589 (25)11,178 (25)
Net unrealized (losses) gains in earnings from marketable equity securities still held at the end of the period$(1,438)

$84,743 

$29,107 $117,001