JRM Investment Counsel, LLC Long-Term Concentrated

Location: Omaha, NE

CIK: 0001631084 · Show all filings

Period: Q2 2015 (← Previous) (Next →)

Filing Date: Jul 14, 2015

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

Holdings (40)

WMB WILLIAMS COS INC DEL 7.8%

Value $9.024M Shares 157,243 Est. Cost $26.99 Unrealized +4.0%

ET ENERGY TRANSFER EQUITY L P 7.3%

Value $8.427M Shares 131,324 Est. Cost $58.15 Unrealized —

KMI KINDER MORGAN INC DEL 6.9%

Value $7.969M Shares 207,574 Est. Cost $22.58 Unrealized +7.8%

— BERKSHIRE HATHAWAY INC DEL 6.3%

Value $7.304M Shares 53,660 Est. Cost $144.31 Unrealized —

— APPLE INC 5.6%

Value $6.528M Shares 52,048 Est. Cost $124.43 Unrealized —

— BERKSHIRE HATHAWAY INC DEL 5.0%

Value $5.736M Shares 28 Est. Cost $217500.00 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 4.5%

Value $5.179M Shares 173,256 Est. Cost $35.91 Unrealized —

— KKR & CO L P DEL 3.9%

Value $4.555M Shares 199,338 Est. Cost $23.19 Unrealized —

— HUNTINGTON BANCSHARES INC 3.9%

Value $4.474M Shares 3,339 Est. Cost $1333.29 Unrealized —

PAA PLAINS ALL AMERN PIPELINE L 3.7%

Value $4.242M Shares 97,370 Est. Cost $51.15 Unrealized —

BXMT BLACKSTONE MTG TR INC 3.3%

Value $3.831M Shares 137,705 Est. Cost $29.00 Unrealized —

— ENLINK MIDSTREAM PARTNERS LP 3.2%

Value $3.726M Shares 169,610 Est. Cost $28.94 Unrealized —

WFC WELLS FARGO & CO NEW 2.7%

Value $3.158M Shares 56,150 Est. Cost $38.82 Unrealized +6.6%

— TRANSCANADA CORP 2.7%

Value $3.144M Shares 77,390 Est. Cost $49.10 Unrealized —

JPM JPMORGAN CHASE & CO 2.6%

Value $3.046M Shares 44,950 Est. Cost $44.69 Unrealized +10.0%

— GOLAR LNG PARTNERS LP 2.3%

Value $2.655M Shares 107,635 Est. Cost $29.79 Unrealized —

— BLACKSTONE GROUP L P 2.3%

Value $2.613M Shares 63,925 Est. Cost $34.22 Unrealized —

GBDC GOLUB CAP BDC INC 2.3%

Value $2.612M Shares 157,704 Est. Cost $6.32 Unrealized +3.7%

— ENERGY TRANSFER PRTNRS L P 2.2%

Value $2.512M Shares 48,129 Est. Cost $52.19 Unrealized —

— GOOGLE INC 2.1%

Value $2.479M Shares 4,762 Est. Cost $528.32 Unrealized —

MSFT MICROSOFT CORP 1.8%

Value $2.055M Shares 46,550 Est. Cost $39.64 Unrealized -0.9%

— DIRECTV 1.6%

Value $1.893M Shares 20,400 Est. Cost $86.60 Unrealized —

MET METLIFE INC 1.5%

Value $1.783M Shares 31,850 Est. Cost $32.67 Unrealized +1.4%

— MONMOUTH REAL ESTATE INVT CO 1.5%

Value $1.764M Shares 181,530 Est. Cost $11.01 Unrealized —

PNNT PENNANTPARK INVT CORP 1.5%

Value $1.743M Shares 198,502 Est. Cost $2.61 Unrealized -4.4%

— APOLLO GLOBAL MGMT LLC 1.3%

Value $1.536M Shares 69,360 Est. Cost $21.60 Unrealized —

PFLT PENNANTPARK FLOATING RATE CA 1.3%

Value $1.458M Shares 105,021 Est. Cost $4.50 Unrealized +5.4%

VYM VANGUARD WHITEHALL FDS INC 1.1%

Value $1.287M Shares 19,118 Est. Cost $68.68 Unrealized —

— GOOGLE INC 1.0%

Value $1.132M Shares 2,097 Est. Cost $531.93 Unrealized —

GILD GILEAD SCIENCES INC 0.9%

Value $1.054M Shares 9,000 Est. Cost $70.55 Unrealized +7.7%

— MEDLEY CAP CORP 0.9%

Value $1.031M Shares 115,690 Est. Cost $9.24 Unrealized —

— CARLYLE GROUP L P 0.8%

Value $955K Shares 33,910 Est. Cost $27.46 Unrealized —

LBTYAUSD LIBERTY GLOBAL PLC 0.8%

Value $953K Shares 17,630 Est. Cost $50.32 Unrealized —

— LIBERTY GLOBAL PLC 0.8%

Value $913K Shares 18,030 Est. Cost $48.46 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 0.6%

Value $683K Shares 16,715 Est. Cost $40.86 Unrealized —

— FORTRESS INVESTMENT GROUP LL 0.5%

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

GS GOLDMAN SACHS GROUP INC 0.5%

Value $553K Shares 2,650 Est. Cost $150.51 Unrealized +9.4%

— WELLS FARGO & CO NEW 0.5%

Value $531K Shares 452 Est. Cost $1214.57 Unrealized —

IVV ISHARES TR 0.3%

Value $296K Shares 1,430 Est. Cost $206.99 Unrealized —

EFA ISHARES TR 0.2%

Value $226K Shares 3,558 Est. Cost $64.08 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
WMB	WILLIAMS COS INC DEL	157,243	$9.024M	7.8%	$26.99	+4.0%	COM	969457100
ET	ENERGY TRANSFER EQUITY L P	131,324	$8.427M	7.3%	$58.15	—	COM UT LTD PTN	29273V100
KMI	KINDER MORGAN INC DEL	207,574	$7.969M	6.9%	$22.58	+7.8%	COM	49456B101
—	BERKSHIRE HATHAWAY INC DEL	53,660	$7.304M	6.3%	$144.31	—	CL B NEW	84670702
—	APPLE INC	52,048	$6.528M	5.6%	$124.43	—	COM	37833100
—	BERKSHIRE HATHAWAY INC DEL	28	$5.736M	5.0%	$217500.00	—	CL A	84670108
EPD	ENTERPRISE PRODS PARTNERS L	173,256	$5.179M	4.5%	$35.91	—	COM	293792107
—	KKR & CO L P DEL	199,338	$4.555M	3.9%	$23.19	—	COM UNITS	48248M102
—	HUNTINGTON BANCSHARES INC	3,339	$4.474M	3.9%	$1333.29	—	PFD CONV SER A	446150401
PAA	PLAINS ALL AMERN PIPELINE L	97,370	$4.242M	3.7%	$51.15	—	UNIT LTD PARTN	726503105
BXMT	BLACKSTONE MTG TR INC	137,705	$3.831M	3.3%	$29.00	—	COM CL A	09257W100
—	ENLINK MIDSTREAM PARTNERS LP	169,610	$3.726M	3.2%	$28.94	—	COM UNIT REP LTD	29336U107
WFC	WELLS FARGO & CO NEW	56,150	$3.158M	2.7%	$38.82	+6.6%	COM	949746101
—	TRANSCANADA CORP	77,390	$3.144M	2.7%	$49.10	—	COM	89353D107
JPM	JPMORGAN CHASE & CO	44,950	$3.046M	2.6%	$44.69	+10.0%	COM	46625H100
—	GOLAR LNG PARTNERS LP	107,635	$2.655M	2.3%	$29.79	—	COM UNIT LPI	Y2745C102
—	BLACKSTONE GROUP L P	63,925	$2.613M	2.3%	$34.22	—	COM UNIT LTD	09253U108
GBDC	GOLUB CAP BDC INC	157,704	$2.612M	2.3%	$6.32	+3.7%	COM	38173M102
—	ENERGY TRANSFER PRTNRS L P	48,129	$2.512M	2.2%	$52.19	—	UNIT LTD PARTN	29273R109
—	GOOGLE INC	4,762	$2.479M	2.1%	$528.32	—	CL C	38259P706
MSFT	MICROSOFT CORP	46,550	$2.055M	1.8%	$39.64	-0.9%	COM	594918104
—	DIRECTV	20,400	$1.893M	1.6%	$86.60	—	COM	25490A309
MET	METLIFE INC	31,850	$1.783M	1.5%	$32.67	+1.4%	COM	59156R108
—	MONMOUTH REAL ESTATE INVT CO	181,530	$1.764M	1.5%	$11.01	—	CL A	609720107
PNNT	PENNANTPARK INVT CORP	198,502	$1.743M	1.5%	$2.61	-4.4%	COM	708062104
—	APOLLO GLOBAL MGMT LLC	69,360	$1.536M	1.3%	$21.60	—	CL A SHS	37612306
PFLT	PENNANTPARK FLOATING RATE CA	105,021	$1.458M	1.3%	$4.50	+5.4%	COM	70806A106
VYM	VANGUARD WHITEHALL FDS INC	19,118	$1.287M	1.1%	$68.68	—	HIGH DIV YLD	921946406
—	GOOGLE INC	2,097	$1.132M	1.0%	$531.93	—	CL A	38259P508
GILD	GILEAD SCIENCES INC	9,000	$1.054M	0.9%	$70.55	+7.7%	COM	375558103
—	MEDLEY CAP CORP	115,690	$1.031M	0.9%	$9.24	—	COM	58503F106
—	CARLYLE GROUP L P	33,910	$955K	0.8%	$27.46	—	COM UTS LTD PTN	14309L102
LBTYAUSD	LIBERTY GLOBAL PLC	17,630	$953K	0.8%	$50.32	—	SHS CL A	G5480U104
—	LIBERTY GLOBAL PLC	18,030	$913K	0.8%	$48.46	—	SHS CL C	G5480U120
VWO	VANGUARD INTL EQUITY INDEX F	16,715	$683K	0.6%	$40.86	—	FTSE EMR MKT ETF	922042858
—	FORTRESS INVESTMENT GROUP LL	79,000	$577K	0.5%	$8.03	—	CL A	34958B106
GS	GOLDMAN SACHS GROUP INC	2,650	$553K	0.5%	$150.51	+9.4%	COM	38141G104
—	WELLS FARGO & CO NEW	452	$531K	0.5%	$1214.57	—	PERP PFD CNV A	949746804
IVV	ISHARES TR	1,430	$296K	0.3%	$206.99	—	CORE S&P500 ETF	464287200
EFA	ISHARES TR	3,558	$226K	0.2%	$64.08	—	MSCI EAFE ETF	464287465