JRM Investment Counsel, LLC Long-Term Concentrated

CIK: 0001631084 · Show all filings

Period: Q2 2015 (← Previous) (Next →)

Filing Date: Jul 14, 2015

Total Value ($000): $115,637 (100.0% shares, 0.0% debt)

Holdings (40)

WMB WILLIAMS COS INC DEL 7.8%

Value ($000) $9,024 Shares 157,243 Est. Cost $26.99 Unrealized +4.0%

ET ENERGY TRANSFER EQUITY L P 7.3%

Value ($000) $8,427 Shares 131,324 Est. Cost $58.15 Unrealized —

KMI KINDER MORGAN INC DEL 6.9%

Value ($000) $7,969 Shares 207,574 Est. Cost $22.58 Unrealized +7.8%

— BERKSHIRE HATHAWAY INC DEL 6.3%

Value ($000) $7,304 Shares 53,660 Est. Cost $144.31 Unrealized —

— APPLE INC 5.6%

Value ($000) $6,528 Shares 52,048 Est. Cost $124.43 Unrealized —

— BERKSHIRE HATHAWAY INC DEL 5.0%

Value ($000) $5,736 Shares 28 Est. Cost $217500.00 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 4.5%

Value ($000) $5,179 Shares 173,256 Est. Cost $35.91 Unrealized —

— KKR & CO L P DEL 3.9%

Value ($000) $4,555 Shares 199,338 Est. Cost $23.19 Unrealized —

— HUNTINGTON BANCSHARES INC 3.9%

Value ($000) $4,474 Shares 3,339 Est. Cost $1333.29 Unrealized —

PAA PLAINS ALL AMERN PIPELINE L 3.7%

Value ($000) $4,242 Shares 97,370 Est. Cost $51.15 Unrealized —

BXMT BLACKSTONE MTG TR INC 3.3%

Value ($000) $3,831 Shares 137,705 Est. Cost $29.00 Unrealized —

— ENLINK MIDSTREAM PARTNERS LP 3.2%

Value ($000) $3,726 Shares 169,610 Est. Cost $28.94 Unrealized —

WFC WELLS FARGO & CO NEW 2.7%

Value ($000) $3,158 Shares 56,150 Est. Cost $38.82 Unrealized +6.6%

— TRANSCANADA CORP 2.7%

Value ($000) $3,144 Shares 77,390 Est. Cost $49.10 Unrealized —

JPM JPMORGAN CHASE & CO 2.6%

Value ($000) $3,046 Shares 44,950 Est. Cost $44.69 Unrealized +10.0%

— GOLAR LNG PARTNERS LP 2.3%

Value ($000) $2,655 Shares 107,635 Est. Cost $29.79 Unrealized —

— BLACKSTONE GROUP L P 2.3%

Value ($000) $2,613 Shares 63,925 Est. Cost $34.22 Unrealized —

GBDC GOLUB CAP BDC INC 2.3%

Value ($000) $2,612 Shares 157,704 Est. Cost $6.32 Unrealized +3.7%

— ENERGY TRANSFER PRTNRS L P 2.2%

Value ($000) $2,512 Shares 48,129 Est. Cost $52.19 Unrealized —

— GOOGLE INC 2.1%

Value ($000) $2,479 Shares 4,762 Est. Cost $528.32 Unrealized —

MSFT MICROSOFT CORP 1.8%

Value ($000) $2,055 Shares 46,550 Est. Cost $39.64 Unrealized -0.9%

— DIRECTV 1.6%

Value ($000) $1,893 Shares 20,400 Est. Cost $86.60 Unrealized —

MET METLIFE INC 1.5%

Value ($000) $1,783 Shares 31,850 Est. Cost $32.67 Unrealized +1.4%

— MONMOUTH REAL ESTATE INVT CO 1.5%

Value ($000) $1,764 Shares 181,530 Est. Cost $11.01 Unrealized —

PNNT PENNANTPARK INVT CORP 1.5%

Value ($000) $1,743 Shares 198,502 Est. Cost $2.61 Unrealized -4.4%

— APOLLO GLOBAL MGMT LLC 1.3%

Value ($000) $1,536 Shares 69,360 Est. Cost $21.60 Unrealized —

PFLT PENNANTPARK FLOATING RATE CA 1.3%

Value ($000) $1,458 Shares 105,021 Est. Cost $4.50 Unrealized +5.4%

VYM VANGUARD WHITEHALL FDS INC 1.1%

Value ($000) $1,287 Shares 19,118 Est. Cost $68.68 Unrealized —

— GOOGLE INC 1.0%

Value ($000) $1,132 Shares 2,097 Est. Cost $531.93 Unrealized —

GILD GILEAD SCIENCES INC 0.9%

Value ($000) $1,054 Shares 9,000 Est. Cost $70.55 Unrealized +7.7%

— MEDLEY CAP CORP 0.9%

Value ($000) $1,031 Shares 115,690 Est. Cost $9.24 Unrealized —

— CARLYLE GROUP L P 0.8%

Value ($000) $955 Shares 33,910 Est. Cost $27.46 Unrealized —

LBTYAUSD LIBERTY GLOBAL PLC 0.8%

Value ($000) $953 Shares 17,630 Est. Cost $50.32 Unrealized —

— LIBERTY GLOBAL PLC 0.8%

Value ($000) $913 Shares 18,030 Est. Cost $48.46 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 0.6%

Value ($000) $683 Shares 16,715 Est. Cost $40.86 Unrealized —

— FORTRESS INVESTMENT GROUP LL 0.5%

Value ($000) $577 Shares 79,000 Est. Cost $8.03 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.5%

Value ($000) $553 Shares 2,650 Est. Cost $150.51 Unrealized +9.4%

— WELLS FARGO & CO NEW 0.5%

Value ($000) $531 Shares 452 Est. Cost $1214.57 Unrealized —

IVV ISHARES TR 0.3%

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

EFA ISHARES TR 0.2%

Value ($000) $226 Shares 3,558 Est. Cost $64.08 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
WMB	WILLIAMS COS INC DEL	157,243	$9,024	7.8%	$26.99	+4.0%	COM	969457100
ET	ENERGY TRANSFER EQUITY L P	131,324	$8,427	7.3%	$58.15	—	COM UT LTD PTN	29273V100
KMI	KINDER MORGAN INC DEL	207,574	$7,969	6.9%	$22.58	+7.8%	COM	49456B101
—	BERKSHIRE HATHAWAY INC DEL	53,660	$7,304	6.3%	$144.31	—	CL B NEW	84670702
—	APPLE INC	52,048	$6,528	5.6%	$124.43	—	COM	37833100
—	BERKSHIRE HATHAWAY INC DEL	28	$5,736	5.0%	$217500.00	—	CL A	84670108
EPD	ENTERPRISE PRODS PARTNERS L	173,256	$5,179	4.5%	$35.91	—	COM	293792107
—	KKR & CO L P DEL	199,338	$4,555	3.9%	$23.19	—	COM UNITS	48248M102
—	HUNTINGTON BANCSHARES INC	3,339	$4,474	3.9%	$1333.29	—	PFD CONV SER A	446150401
PAA	PLAINS ALL AMERN PIPELINE L	97,370	$4,242	3.7%	$51.15	—	UNIT LTD PARTN	726503105
BXMT	BLACKSTONE MTG TR INC	137,705	$3,831	3.3%	$29.00	—	COM CL A	09257W100
—	ENLINK MIDSTREAM PARTNERS LP	169,610	$3,726	3.2%	$28.94	—	COM UNIT REP LTD	29336U107
WFC	WELLS FARGO & CO NEW	56,150	$3,158	2.7%	$38.82	+6.6%	COM	949746101
—	TRANSCANADA CORP	77,390	$3,144	2.7%	$49.10	—	COM	89353D107
JPM	JPMORGAN CHASE & CO	44,950	$3,046	2.6%	$44.69	+10.0%	COM	46625H100
—	GOLAR LNG PARTNERS LP	107,635	$2,655	2.3%	$29.79	—	COM UNIT LPI	Y2745C102
—	BLACKSTONE GROUP L P	63,925	$2,613	2.3%	$34.22	—	COM UNIT LTD	09253U108
GBDC	GOLUB CAP BDC INC	157,704	$2,612	2.3%	$6.32	+3.7%	COM	38173M102
—	ENERGY TRANSFER PRTNRS L P	48,129	$2,512	2.2%	$52.19	—	UNIT LTD PARTN	29273R109
—	GOOGLE INC	4,762	$2,479	2.1%	$528.32	—	CL C	38259P706
MSFT	MICROSOFT CORP	46,550	$2,055	1.8%	$39.64	-0.9%	COM	594918104
—	DIRECTV	20,400	$1,893	1.6%	$86.60	—	COM	25490A309
MET	METLIFE INC	31,850	$1,783	1.5%	$32.67	+1.4%	COM	59156R108
—	MONMOUTH REAL ESTATE INVT CO	181,530	$1,764	1.5%	$11.01	—	CL A	609720107
PNNT	PENNANTPARK INVT CORP	198,502	$1,743	1.5%	$2.61	-4.4%	COM	708062104
—	APOLLO GLOBAL MGMT LLC	69,360	$1,536	1.3%	$21.60	—	CL A SHS	37612306
PFLT	PENNANTPARK FLOATING RATE CA	105,021	$1,458	1.3%	$4.50	+5.4%	COM	70806A106
VYM	VANGUARD WHITEHALL FDS INC	19,118	$1,287	1.1%	$68.68	—	HIGH DIV YLD	921946406
—	GOOGLE INC	2,097	$1,132	1.0%	$531.93	—	CL A	38259P508
GILD	GILEAD SCIENCES INC	9,000	$1,054	0.9%	$70.55	+7.7%	COM	375558103
—	MEDLEY CAP CORP	115,690	$1,031	0.9%	$9.24	—	COM	58503F106
—	CARLYLE GROUP L P	33,910	$955	0.8%	$27.46	—	COM UTS LTD PTN	14309L102
LBTYAUSD	LIBERTY GLOBAL PLC	17,630	$953	0.8%	$50.32	—	SHS CL A	G5480U104
—	LIBERTY GLOBAL PLC	18,030	$913	0.8%	$48.46	—	SHS CL C	G5480U120
VWO	VANGUARD INTL EQUITY INDEX F	16,715	$683	0.6%	$40.86	—	FTSE EMR MKT ETF	922042858
—	FORTRESS INVESTMENT GROUP LL	79,000	$577	0.5%	$8.03	—	CL A	34958B106
GS	GOLDMAN SACHS GROUP INC	2,650	$553	0.5%	$150.51	+9.4%	COM	38141G104
—	WELLS FARGO & CO NEW	452	$531	0.5%	$1214.57	—	PERP PFD CNV A	949746804
IVV	ISHARES TR	1,430	$296	0.3%	$206.99	—	CORE S&P500 ETF	464287200
EFA	ISHARES TR	3,558	$226	0.2%	$64.08	—	MSCI EAFE ETF	464287465