JRM Investment Counsel, LLC Long-Term Concentrated

CIK: 0001631084 · Show all filings

Period: Q3 2015 (← Previous) (Next →)

Filing Date: Oct 22, 2015

Total Value ($000): $85,024 (100.0% shares, 0.0% debt)

Holdings (34)

— BERKSHIRE HATHAWAY INC DEL 8.9%

Value ($000) $7,543 Shares 57,845 Est. Cost $143.31 Unrealized —

— APPLE INC 6.8%

Value ($000) $5,741 Shares 52,048 Est. Cost $124.43 Unrealized —

KMI KINDER MORGAN INC DEL 6.7%

Value ($000) $5,705 Shares 206,105 Est. Cost $22.58 Unrealized -13.5%

WMB WILLIAMS COS INC DEL 6.7%

Value ($000) $5,662 Shares 153,643 Est. Cost $26.99 Unrealized +1.6%

— BERKSHIRE HATHAWAY INC DEL 6.4%

Value ($000) $5,467 Shares 28 Est. Cost $217500.00 Unrealized —

ET ENERGY TRANSFER EQUITY L P 6.1%

Value ($000) $5,227 Shares 251,188 Est. Cost $40.33 Unrealized —

— HUNTINGTON BANCSHARES INC 5.2%

Value ($000) $4,458 Shares 3,339 Est. Cost $1333.29 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 5.1%

Value ($000) $4,334 Shares 174,041 Est. Cost $35.91 Unrealized —

BXMT BLACKSTONE MTG TR INC 4.6%

Value ($000) $3,884 Shares 141,535 Est. Cost $28.95 Unrealized —

WFC WELLS FARGO & CO NEW 4.2%

Value ($000) $3,556 Shares 69,250 Est. Cost $39.25 Unrealized +4.7%

— KKR & CO L P DEL 3.9%

Value ($000) $3,345 Shares 199,338 Est. Cost $23.19 Unrealized —

PAA PLAINS ALL AMERN PIPELINE L 3.5%

Value ($000) $2,958 Shares 97,370 Est. Cost $51.15 Unrealized —

JPM JPMORGAN CHASE & CO 3.1%

Value ($000) $2,674 Shares 43,850 Est. Cost $44.69 Unrealized +11.0%

— ENLINK MIDSTREAM PARTNERS LP 3.1%

Value ($000) $2,673 Shares 169,610 Est. Cost $28.94 Unrealized —

— TRANSCANADA CORP 2.6%

Value ($000) $2,211 Shares 70,000 Est. Cost $49.10 Unrealized —

MSFT MICROSOFT CORP 2.4%

Value ($000) $2,060 Shares 46,550 Est. Cost $39.64 Unrealized -1.8%

— BLACKSTONE GROUP L P 2.4%

Value ($000) $2,025 Shares 63,925 Est. Cost $34.22 Unrealized —

— ENERGY TRANSFER PRTNRS L P 2.3%

Value ($000) $1,977 Shares 48,129 Est. Cost $52.19 Unrealized —

— GOLAR LNG PARTNERS LP 2.2%

Value ($000) $1,834 Shares 124,990 Est. Cost $27.69 Unrealized —

— MONMOUTH REAL ESTATE INVT CO 2.1%

Value ($000) $1,746 Shares 179,030 Est. Cost $11.01 Unrealized —

MET METLIFE INC 1.8%

Value ($000) $1,502 Shares 31,850 Est. Cost $32.67 Unrealized +0.7%

VTI VANGUARD INDEX FDS 1.4%

Value ($000) $1,159 Shares 11,737 Est. Cost $98.75 Unrealized —

T AT&T INC 1.3%

Value ($000) $1,073 Shares 32,920 Est. Cost $12.27 Unrealized 0.0%

— EXPRESS SCRIPTS HLDG CO 1.1%

Value ($000) $976 Shares 12,050 Est. Cost $81.00 Unrealized —

GILD GILEAD SCIENCES INC 1.0%

Value ($000) $884 Shares 9,000 Est. Cost $70.55 Unrealized +9.9%

VEA VANGUARD TAX MANAGED INTL FD 1.0%

Value ($000) $841 Shares 23,585 Est. Cost $35.66 Unrealized —

LBTYAUSD LIBERTY GLOBAL PLC 0.9%

Value ($000) $757 Shares 17,630 Est. Cost $50.32 Unrealized —

— LIBERTY GLOBAL PLC 0.9%

Value ($000) $740 Shares 18,030 Est. Cost $48.46 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 0.8%

Value ($000) $706 Shares 21,324 Est. Cost $39.19 Unrealized —

— WELLS FARGO & CO NEW 0.6%

Value ($000) $505 Shares 432 Est. Cost $1214.57 Unrealized —

GS GOLDMAN SACHS GROUP INC 0.5%

Value ($000) $460 Shares 2,650 Est. Cost $150.51 Unrealized +5.6%

EFA ISHARES TR 0.2%

Value ($000) $204 Shares 3,558 Est. Cost $64.08 Unrealized —

— FORTRESS INVESTMENT GROUP LL 0.1%

Value ($000) $72 Shares 13,000 Est. Cost $8.03 Unrealized —

PNNT PENNANTPARK INVT CORP 0.1%

Value ($000) $65 Shares 10,000 Est. Cost $2.61 Unrealized -19.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	BERKSHIRE HATHAWAY INC DEL	57,845	$7,543	8.9%	$143.31	—	CL B NEW	84670702
—	APPLE INC	52,048	$5,741	6.8%	$124.43	—	COM	37833100
KMI	KINDER MORGAN INC DEL	206,105	$5,705	6.7%	$22.58	-13.5%	COM	49456B101
WMB	WILLIAMS COS INC DEL	153,643	$5,662	6.7%	$26.99	+1.6%	COM	969457100
—	BERKSHIRE HATHAWAY INC DEL	28	$5,467	6.4%	$217500.00	—	CL A	84670108
ET	ENERGY TRANSFER EQUITY L P	251,188	$5,227	6.1%	$40.33	—	COM UT LTD PTN	29273V100
—	HUNTINGTON BANCSHARES INC	3,339	$4,458	5.2%	$1333.29	—	PFD CONV SER A	446150401
EPD	ENTERPRISE PRODS PARTNERS L	174,041	$4,334	5.1%	$35.91	—	COM	293792107
BXMT	BLACKSTONE MTG TR INC	141,535	$3,884	4.6%	$28.95	—	COM CL A	09257W100
WFC	WELLS FARGO & CO NEW	69,250	$3,556	4.2%	$39.25	+4.7%	COM	949746101
—	KKR & CO L P DEL	199,338	$3,345	3.9%	$23.19	—	COM UNITS	48248M102
PAA	PLAINS ALL AMERN PIPELINE L	97,370	$2,958	3.5%	$51.15	—	UNIT LTD PARTN	726503105
JPM	JPMORGAN CHASE & CO	43,850	$2,674	3.1%	$44.69	+11.0%	COM	46625H100
—	ENLINK MIDSTREAM PARTNERS LP	169,610	$2,673	3.1%	$28.94	—	COM UNIT REP LTD	29336U107
—	TRANSCANADA CORP	70,000	$2,211	2.6%	$49.10	—	COM	89353D107
MSFT	MICROSOFT CORP	46,550	$2,060	2.4%	$39.64	-1.8%	COM	594918104
—	BLACKSTONE GROUP L P	63,925	$2,025	2.4%	$34.22	—	COM UNIT LTD	09253U108
—	ENERGY TRANSFER PRTNRS L P	48,129	$1,977	2.3%	$52.19	—	UNIT LTD PARTN	29273R109
—	GOLAR LNG PARTNERS LP	124,990	$1,834	2.2%	$27.69	—	COM UNIT LPI	Y2745C102
—	MONMOUTH REAL ESTATE INVT CO	179,030	$1,746	2.1%	$11.01	—	CL A	609720107
MET	METLIFE INC	31,850	$1,502	1.8%	$32.67	+0.7%	COM	59156R108
VTI	VANGUARD INDEX FDS	11,737	$1,159	1.4%	$98.75	—	TOTAL STK MKT	922908769
T	AT&T INC	32,920	$1,073	1.3%	$12.27	0.0%	COM	00206R102
—	EXPRESS SCRIPTS HLDG CO	12,050	$976	1.1%	$81.00	—	COM	30219G108
GILD	GILEAD SCIENCES INC	9,000	$884	1.0%	$70.55	+9.9%	COM	375558103
VEA	VANGUARD TAX MANAGED INTL FD	23,585	$841	1.0%	$35.66	—	FTSE DEV MKT ETF	921943858
LBTYAUSD	LIBERTY GLOBAL PLC	17,630	$757	0.9%	$50.32	—	SHS CL A	G5480U104
—	LIBERTY GLOBAL PLC	18,030	$740	0.9%	$48.46	—	SHS CL C	G5480U120
VWO	VANGUARD INTL EQUITY INDEX F	21,324	$706	0.8%	$39.19	—	FTSE EMR MKT ETF	922042858
—	WELLS FARGO & CO NEW	432	$505	0.6%	$1214.57	—	PERP PFD CNV A	949746804
GS	GOLDMAN SACHS GROUP INC	2,650	$460	0.5%	$150.51	+5.6%	COM	38141G104
EFA	ISHARES TR	3,558	$204	0.2%	$64.08	—	MSCI EAFE ETF	464287465
—	FORTRESS INVESTMENT GROUP LL	13,000	$72	0.1%	$8.03	—	CL A	34958B106
PNNT	PENNANTPARK INVT CORP	10,000	$65	0.1%	$2.61	-19.2%	COM	708062104