JRM Investment Counsel, LLC Long-Term Concentrated

CIK: 0001631084 · Show all filings

Period: Q1 2015 (← Previous) (Next →)

Filing Date: Apr 20, 2015

Total Value ($000): $116,921 (100.0% shares, 0.0% debt)

Holdings (39)

KMI KINDER MORGAN INC DEL 7.4%

Value ($000) $8,639 Shares 205,400 Est. Cost $22.56 Unrealized +5.8%

ET ENERGY TRANSFER EQUITY L P 7.1%

Value ($000) $8,352 Shares 131,824 Est. Cost $58.15 Unrealized —

WMB WILLIAMS COS INC DEL 6.9%

Value ($000) $8,044 Shares 159,013 Est. Cost $26.99 Unrealized -7.6%

— BERKSHIRE HATHAWAY INC DEL 6.7%

Value ($000) $7,780 Shares 53,910 Est. Cost $144.31 Unrealized —

— APPLE INC 5.5%

Value ($000) $6,464 Shares 51,948 Est. Cost $124.43 Unrealized —

— BERKSHIRE HATHAWAY INC DEL 5.2%

Value ($000) $6,090 Shares 28 Est. Cost $217500.00 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 4.9%

Value ($000) $5,705 Shares 173,256 Est. Cost $35.91 Unrealized —

PAA PLAINS ALL AMERN PIPELINE L 4.1%

Value ($000) $4,749 Shares 97,370 Est. Cost $51.15 Unrealized —

— KKR & CO L P DEL 4.0%

Value ($000) $4,640 Shares 203,438 Est. Cost $23.19 Unrealized —

— HUNTINGTON BANCSHARES INC 3.9%

Value ($000) $4,508 Shares 3,339 Est. Cost $1333.29 Unrealized —

— ENLINK MIDSTREAM PARTNERS LP 3.6%

Value ($000) $4,209 Shares 170,110 Est. Cost $28.94 Unrealized —

BXMT BLACKSTONE MTG TR INC 3.1%

Value ($000) $3,619 Shares 127,555 Est. Cost $29.09 Unrealized —

— TRANSCANADA CORP 2.8%

Value ($000) $3,306 Shares 77,390 Est. Cost $49.10 Unrealized —

WFC WELLS FARGO & CO NEW 2.6%

Value ($000) $3,050 Shares 56,070 Est. Cost $38.82 Unrealized +2.6%

— REGENCY ENERGY PARTNERS L P 2.5%

Value ($000) $2,973 Shares 130,000 Est. Cost $23.89 Unrealized —

GBDC GOLUB CAP BDC INC 2.4%

Value ($000) $2,762 Shares 157,404 Est. Cost $6.32 Unrealized +4.1%

JPM JPMORGAN CHASE & CO 2.3%

Value ($000) $2,723 Shares 44,950 Est. Cost $44.69 Unrealized -0.9%

— GOLAR LNG PARTNERS LP 2.3%

Value ($000) $2,693 Shares 100,155 Est. Cost $30.17 Unrealized —

— GOOGLE INC 2.2%

Value ($000) $2,607 Shares 4,757 Est. Cost $528.32 Unrealized —

— BLACKSTONE GROUP L P 2.1%

Value ($000) $2,486 Shares 63,925 Est. Cost $34.22 Unrealized —

MSFT MICROSOFT CORP 1.6%

Value ($000) $1,892 Shares 46,550 Est. Cost $39.64 Unrealized -6.0%

— MONMOUTH REAL ESTATE INVT CO 1.6%

Value ($000) $1,888 Shares 169,930 Est. Cost $11.10 Unrealized —

PNNT PENNANTPARK INVT CORP 1.5%

Value ($000) $1,796 Shares 198,502 Est. Cost $2.61 Unrealized -9.0%

— DIRECTV 1.5%

Value ($000) $1,736 Shares 20,400 Est. Cost $86.60 Unrealized —

MET METLIFE INC 1.4%

Value ($000) $1,610 Shares 31,850 Est. Cost $32.67 Unrealized -4.5%

— APOLLO GLOBAL MGMT LLC 1.3%

Value ($000) $1,498 Shares 69,360 Est. Cost $21.60 Unrealized —

PFLT PENNANTPARK FLOATING RATE CA 1.2%

Value ($000) $1,454 Shares 103,621 Est. Cost $4.50 Unrealized +1.2%

VYM VANGUARD WHITEHALL FDS INC 1.1%

Value ($000) $1,287 Shares 18,849 Est. Cost $68.70 Unrealized —

— GOOGLE INC 1.0%

Value ($000) $1,163 Shares 2,097 Est. Cost $531.93 Unrealized —

— MEDLEY CAP CORP 0.9%

Value ($000) $1,059 Shares 115,790 Est. Cost $9.24 Unrealized —

— FORTRESS INVESTMENT GROUP LL 0.8%

Value ($000) $950 Shares 117,700 Est. Cost $8.03 Unrealized —

— CARLYLE GROUP L P 0.8%

Value ($000) $919 Shares 33,910 Est. Cost $27.46 Unrealized —

LBTYAUSD LIBERTY GLOBAL PLC 0.8%

Value ($000) $907 Shares 17,630 Est. Cost $50.32 Unrealized —

— LIBERTY GLOBAL PLC 0.8%

Value ($000) $898 Shares 18,030 Est. Cost $48.46 Unrealized —

GILD GILEAD SCIENCES INC 0.8%

Value ($000) $883 Shares 9,000 Est. Cost $70.55 Unrealized 0.0%

— WELLS FARGO & CO NEW 0.5%

Value ($000) $559 Shares 458 Est. Cost $1214.57 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.4%

Value ($000) $498 Shares 2,650 Est. Cost $150.51 Unrealized -0.5%

IVV ISHARES TR 0.3%

Value ($000) $297 Shares 1,430 Est. Cost $206.99 Unrealized —

EFA ISHARES TR 0.2%

Value ($000) $228 Shares 3,558 Est. Cost $64.08 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
KMI	KINDER MORGAN INC DEL	205,400	$8,639	7.4%	$22.56	+5.8%	COM	49456B101
ET	ENERGY TRANSFER EQUITY L P	131,824	$8,352	7.1%	$58.15	—	COM UT LTD PTN	29273V100
WMB	WILLIAMS COS INC DEL	159,013	$8,044	6.9%	$26.99	-7.6%	COM	969457100
—	BERKSHIRE HATHAWAY INC DEL	53,910	$7,780	6.7%	$144.31	—	CL B NEW	84670702
—	APPLE INC	51,948	$6,464	5.5%	$124.43	—	COM	37833100
—	BERKSHIRE HATHAWAY INC DEL	28	$6,090	5.2%	$217500.00	—	CL A	84670108
EPD	ENTERPRISE PRODS PARTNERS L	173,256	$5,705	4.9%	$35.91	—	COM	293792107
PAA	PLAINS ALL AMERN PIPELINE L	97,370	$4,749	4.1%	$51.15	—	UNIT LTD PARTN	726503105
—	KKR & CO L P DEL	203,438	$4,640	4.0%	$23.19	—	COM UNITS	48248M102
—	HUNTINGTON BANCSHARES INC	3,339	$4,508	3.9%	$1333.29	—	PFD CONV SER A	446150401
—	ENLINK MIDSTREAM PARTNERS LP	170,110	$4,209	3.6%	$28.94	—	COM UNIT REP LTD	29336U107
BXMT	BLACKSTONE MTG TR INC	127,555	$3,619	3.1%	$29.09	—	COM CL A	09257W100
—	TRANSCANADA CORP	77,390	$3,306	2.8%	$49.10	—	COM	89353D107
WFC	WELLS FARGO & CO NEW	56,070	$3,050	2.6%	$38.82	+2.6%	COM	949746101
—	REGENCY ENERGY PARTNERS L P	130,000	$2,973	2.5%	$23.89	—	COM UNITS L P	75885Y107
GBDC	GOLUB CAP BDC INC	157,404	$2,762	2.4%	$6.32	+4.1%	COM	38173M102
JPM	JPMORGAN CHASE & CO	44,950	$2,723	2.3%	$44.69	-0.9%	COM	46625H100
—	GOLAR LNG PARTNERS LP	100,155	$2,693	2.3%	$30.17	—	COM UNIT LPI	Y2745C102
—	GOOGLE INC	4,757	$2,607	2.2%	$528.32	—	CL C	38259P706
—	BLACKSTONE GROUP L P	63,925	$2,486	2.1%	$34.22	—	COM UNIT LTD	09253U108
MSFT	MICROSOFT CORP	46,550	$1,892	1.6%	$39.64	-6.0%	COM	594918104
—	MONMOUTH REAL ESTATE INVT CO	169,930	$1,888	1.6%	$11.10	—	CL A	609720107
PNNT	PENNANTPARK INVT CORP	198,502	$1,796	1.5%	$2.61	-9.0%	COM	708062104
—	DIRECTV	20,400	$1,736	1.5%	$86.60	—	COM	25490A309
MET	METLIFE INC	31,850	$1,610	1.4%	$32.67	-4.5%	COM	59156R108
—	APOLLO GLOBAL MGMT LLC	69,360	$1,498	1.3%	$21.60	—	CL A SHS	37612306
PFLT	PENNANTPARK FLOATING RATE CA	103,621	$1,454	1.2%	$4.50	+1.2%	COM	70806A106
VYM	VANGUARD WHITEHALL FDS INC	18,849	$1,287	1.1%	$68.70	—	HIGH DIV YLD	921946406
—	GOOGLE INC	2,097	$1,163	1.0%	$531.93	—	CL A	38259P508
—	MEDLEY CAP CORP	115,790	$1,059	0.9%	$9.24	—	COM	58503F106
—	FORTRESS INVESTMENT GROUP LL	117,700	$950	0.8%	$8.03	—	CL A	34958B106
—	CARLYLE GROUP L P	33,910	$919	0.8%	$27.46	—	COM UTS LTD PTN	14309L102
LBTYAUSD	LIBERTY GLOBAL PLC	17,630	$907	0.8%	$50.32	—	SHS CL A	G5480U104
—	LIBERTY GLOBAL PLC	18,030	$898	0.8%	$48.46	—	SHS CL C	G5480U120
GILD	GILEAD SCIENCES INC	9,000	$883	0.8%	$70.55	0.0%	COM	375558103
—	WELLS FARGO & CO NEW	458	$559	0.5%	$1214.57	—	PERP PFD CNV A	949746804
GS	GOLDMAN SACHS GROUP INC	2,650	$498	0.4%	$150.51	-0.5%	COM	38141G104
IVV	ISHARES TR	1,430	$297	0.3%	$206.99	—	CORE S&P500 ETF	464287200
EFA	ISHARES TR	3,558	$228	0.2%	$64.08	—	MSCI EAFE ETF	464287465