JRM Investment Counsel, LLC Long-Term Concentrated

CIK: 0001631084 · Show all filings

Period: Q4 2014 (Next →)

Filing Date: Feb 6, 2015

Total Value ($000): $110,667 (100.0% shares, 0.0% debt)

Holdings (40)

KMI KINDER MORGAN INC DEL 7.2%

Value ($000) $8,020 Shares 189,547 Est. Cost $22.45 Unrealized 0.0%

BRK/B BERKSHIRE HATHAWAY INC DEL 6.7%

Value ($000) $7,406 Shares 49,325 Est. Cost $144.37 Unrealized 0.0%

ET ENERGY TRANSFER EQUITY L P 5.9%

Value ($000) $6,581 Shares 114,700 Est. Cost $57.38 Unrealized —

WMB WILLIAMS COS INC DEL 5.9%

Value ($000) $6,572 Shares 146,243 Est. Cost $27.17 Unrealized 0.0%

BRK/A BERKSHIRE HATHAWAY INC DEL 5.7%

Value ($000) $6,328 Shares 28 Est. Cost $216493.73 Unrealized 0.0%

EPD ENTERPRISE PRODS PARTNERS L 5.3%

Value ($000) $5,850 Shares 161,951 Est. Cost $36.12 Unrealized —

AAPL APPLE INC 4.7%

Value ($000) $5,226 Shares 47,343 Est. Cost $24.08 Unrealized 0.0%

— ENLINK MIDSTREAM PARTNERS LP 4.4%

Value ($000) $4,858 Shares 167,460 Est. Cost $29.01 Unrealized —

PAA PLAINS ALL AMERN PIPELINE L 4.2%

Value ($000) $4,666 Shares 90,920 Est. Cost $51.32 Unrealized —

— KKR & CO L P DEL 4.0%

Value ($000) $4,450 Shares 191,728 Est. Cost $23.21 Unrealized —

— TRANSCANADA CORP 3.4%

Value ($000) $3,800 Shares 77,390 Est. Cost $49.10 Unrealized —

— HUNTINGTON BANCSHARES INC 3.3%

Value ($000) $3,685 Shares 2,771 Est. Cost $1329.84 Unrealized —

BXMT BLACKSTONE MTG TR INC 3.1%

Value ($000) $3,465 Shares 118,905 Est. Cost $29.14 Unrealized —

WFC WELLS FARGO & CO NEW 2.6%

Value ($000) $2,920 Shares 53,270 Est. Cost $38.77 Unrealized 0.0%

— REGENCY ENERGY PARTNERS L P 2.5%

Value ($000) $2,801 Shares 116,700 Est. Cost $24.00 Unrealized —

JPM JPMORGAN CHASE & CO 2.5%

Value ($000) $2,719 Shares 43,450 Est. Cost $44.70 Unrealized 0.0%

GBDC GOLUB CAP BDC INC 2.2%

Value ($000) $2,424 Shares 135,204 Est. Cost $6.28 Unrealized 0.0%

— GOLAR LNG PARTNERS LP 2.2%

Value ($000) $2,403 Shares 77,155 Est. Cost $31.15 Unrealized —

— GOOGLE INC 2.1%

Value ($000) $2,294 Shares 4,357 Est. Cost $526.51 Unrealized —

— BLACKSTONE GROUP L P 1.8%

Value ($000) $1,993 Shares 58,925 Est. Cost $33.82 Unrealized —

MSFT MICROSOFT CORP 1.8%

Value ($000) $1,963 Shares 42,250 Est. Cost $39.88 Unrealized 0.0%

PNNT PENNANTPARK INVT CORP 1.6%

Value ($000) $1,792 Shares 188,002 Est. Cost $2.62 Unrealized 0.0%

— APOLLO GLOBAL MGMT LLC 1.6%

Value ($000) $1,727 Shares 73,240 Est. Cost $23.58 Unrealized —

— DIRECTV 1.5%

Value ($000) $1,639 Shares 18,900 Est. Cost $86.72 Unrealized —

MET METLIFE INC 1.5%

Value ($000) $1,615 Shares 29,850 Est. Cost $32.77 Unrealized 0.0%

AIG AMERICAN INTL GROUP INC 1.4%

Value ($000) $1,502 Shares 26,810 Est. Cost $41.13 Unrealized 0.0%

VIG VANGUARD SPECIALIZED PORTFOL 1.2%

Value ($000) $1,281 Shares 15,785 Est. Cost $81.15 Unrealized —

VYM VANGUARD WHITEHALL FDS INC 1.0%

Value ($000) $1,140 Shares 16,580 Est. Cost $68.76 Unrealized —

PFLT PENNANTPARK FLOATING RATE CA 1.0%

Value ($000) $1,074 Shares 78,218 Est. Cost $4.48 Unrealized 0.0%

— MEDLEY CAP CORP 1.0%

Value ($000) $1,070 Shares 115,790 Est. Cost $9.24 Unrealized —

— GOOGLE INC 1.0%

Value ($000) $1,060 Shares 1,997 Est. Cost $530.80 Unrealized —

DVA DAVITA HEALTHCARE PARTNERS I 0.9%

Value ($000) $1,008 Shares 13,305 Est. Cost $75.29 Unrealized 0.0%

— CARLYLE GROUP L P 0.8%

Value ($000) $850 Shares 30,910 Est. Cost $27.50 Unrealized —

— FORTRESS INVESTMENT GROUP LL 0.8%

Value ($000) $840 Shares 104,700 Est. Cost $8.02 Unrealized —

LBTYAUSD LIBERTY GLOBAL PLC 0.7%

Value ($000) $810 Shares 16,130 Est. Cost $50.22 Unrealized —

— LIBERTY GLOBAL PLC 0.7%

Value ($000) $799 Shares 16,530 Est. Cost $48.34 Unrealized —

— MONMOUTH REAL ESTATE INVT CO 0.7%

Value ($000) $781 Shares 70,530 Est. Cost $11.07 Unrealized —

— WELLS FARGO & CO NEW 0.6%

Value ($000) $617 Shares 508 Est. Cost $1214.57 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.3%

Value ($000) $342 Shares 1,765 Est. Cost $150.86 Unrealized 0.0%

IVV ISHARES TR 0.3%

Value ($000) $296 Shares 1,430 Est. Cost $206.99 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KMI	KINDER MORGAN INC DEL	189,547	$8,020	7.2%	$22.45	0.0%	COM	49456B101
BRK/B	BERKSHIRE HATHAWAY INC DEL	49,325	$7,406	6.7%	$144.37	0.0%	CL B NEW	084670702
ET	ENERGY TRANSFER EQUITY L P	114,700	$6,581	5.9%	$57.38	—	COM UT LTD PTN	29273V100
WMB	WILLIAMS COS INC DEL	146,243	$6,572	5.9%	$27.17	0.0%	COM	969457100
BRK/A	BERKSHIRE HATHAWAY INC DEL	28	$6,328	5.7%	$216493.73	0.0%	CL A	084670108
EPD	ENTERPRISE PRODS PARTNERS L	161,951	$5,850	5.3%	$36.12	—	COM	293792107
AAPL	APPLE INC	47,343	$5,226	4.7%	$24.08	0.0%	COM	037833100
—	ENLINK MIDSTREAM PARTNERS LP	167,460	$4,858	4.4%	$29.01	—	COM UNIT REP LTD	29336U107
PAA	PLAINS ALL AMERN PIPELINE L	90,920	$4,666	4.2%	$51.32	—	UNIT LTD PARTN	726503105
—	KKR & CO L P DEL	191,728	$4,450	4.0%	$23.21	—	COM UNITS	48248M102
—	TRANSCANADA CORP	77,390	$3,800	3.4%	$49.10	—	COM	89353D107
—	HUNTINGTON BANCSHARES INC	2,771	$3,685	3.3%	$1329.84	—	PFD CONV SER A	446150401
BXMT	BLACKSTONE MTG TR INC	118,905	$3,465	3.1%	$29.14	—	COM CL A	09257W100
WFC	WELLS FARGO & CO NEW	53,270	$2,920	2.6%	$38.77	0.0%	COM	949746101
—	REGENCY ENERGY PARTNERS L P	116,700	$2,801	2.5%	$24.00	—	COM UNITS L P	75885Y107
JPM	JPMORGAN CHASE & CO	43,450	$2,719	2.5%	$44.70	0.0%	COM	46625H100
GBDC	GOLUB CAP BDC INC	135,204	$2,424	2.2%	$6.28	0.0%	COM	38173M102
—	GOLAR LNG PARTNERS LP	77,155	$2,403	2.2%	$31.15	—	COM UNIT LPI	Y2745C102
—	GOOGLE INC	4,357	$2,294	2.1%	$526.51	—	CL C	38259P706
—	BLACKSTONE GROUP L P	58,925	$1,993	1.8%	$33.82	—	COM UNIT LTD	09253U108
MSFT	MICROSOFT CORP	42,250	$1,963	1.8%	$39.88	0.0%	COM	594918104
PNNT	PENNANTPARK INVT CORP	188,002	$1,792	1.6%	$2.62	0.0%	COM	708062104
—	APOLLO GLOBAL MGMT LLC	73,240	$1,727	1.6%	$23.58	—	CL A SHS	037612306
—	DIRECTV	18,900	$1,639	1.5%	$86.72	—	COM	25490A309
MET	METLIFE INC	29,850	$1,615	1.5%	$32.77	0.0%	COM	59156R108
AIG	AMERICAN INTL GROUP INC	26,810	$1,502	1.4%	$41.13	0.0%	COM NEW	026874784
VIG	VANGUARD SPECIALIZED PORTFOL	15,785	$1,281	1.2%	$81.15	—	DIV APP ETF	921908844
VYM	VANGUARD WHITEHALL FDS INC	16,580	$1,140	1.0%	$68.76	—	HIGH DIV YLD	921946406
PFLT	PENNANTPARK FLOATING RATE CA	78,218	$1,074	1.0%	$4.48	0.0%	COM	70806A106
—	MEDLEY CAP CORP	115,790	$1,070	1.0%	$9.24	—	COM	58503F106
—	GOOGLE INC	1,997	$1,060	1.0%	$530.80	—	CL A	38259P508
DVA	DAVITA HEALTHCARE PARTNERS I	13,305	$1,008	0.9%	$75.29	0.0%	COM	23918K108
—	CARLYLE GROUP L P	30,910	$850	0.8%	$27.50	—	COM UTS LTD PTN	14309L102
—	FORTRESS INVESTMENT GROUP LL	104,700	$840	0.8%	$8.02	—	CL A	34958B106
LBTYAUSD	LIBERTY GLOBAL PLC	16,130	$810	0.7%	$50.22	—	SHS CL A	G5480U104
—	LIBERTY GLOBAL PLC	16,530	$799	0.7%	$48.34	—	SHS CL C	G5480U120
—	MONMOUTH REAL ESTATE INVT CO	70,530	$781	0.7%	$11.07	—	CL A	609720107
—	WELLS FARGO & CO NEW	508	$617	0.6%	$1214.57	—	PERP PFD CNV A	949746804
GS	GOLDMAN SACHS GROUP INC	1,765	$342	0.3%	$150.86	0.0%	COM	38141G104
IVV	ISHARES TR	1,430	$296	0.3%	$206.99	—	CORE S&P500 ETF	464287200