JRM Investment Counsel, LLC Long-Term Concentrated

CIK: 0001631084 · Show all filings

Period: Q4 2015 (← Previous) (Next →)

Filing Date: Feb 5, 2016

Total Value ($000): $84,117 (100.0% shares, 0.0% debt)

Holdings (32)

— BERKSHIRE HATHAWAY INC DEL 13.6%

Value ($000) $11,466 Shares 86,840 Est. Cost $139.54 Unrealized —

— APPLE INC 6.1%

Value ($000) $5,099 Shares 48,438 Est. Cost $124.43 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 5.6%

Value ($000) $4,732 Shares 184,971 Est. Cost $35.30 Unrealized —

BXMT BLACKSTONE MTG TR INC 5.4%

Value ($000) $4,551 Shares 170,065 Est. Cost $28.59 Unrealized —

— HUNTINGTON BANCSHARES INC 4.8%

Value ($000) $4,029 Shares 2,952 Est. Cost $1333.29 Unrealized —

WFC WELLS FARGO & CO NEW 4.8%

Value ($000) $4,015 Shares 73,860 Est. Cost $39.35 Unrealized +3.8%

WMB WILLIAMS COS INC DEL 4.7%

Value ($000) $3,951 Shares 153,728 Est. Cost $26.99 Unrealized -27.5%

ET ENERGY TRANSFER EQUITY L P 4.2%

Value ($000) $3,504 Shares 255,040 Est. Cost $39.93 Unrealized —

VEA VANGUARD TAX MANAGED INTL FD 3.7%

Value ($000) $3,073 Shares 83,686 Est. Cost $36.42 Unrealized —

KMI KINDER MORGAN INC DEL 3.4%

Value ($000) $2,899 Shares 194,283 Est. Cost $22.58 Unrealized -36.7%

— ENERGY TRANSFER PRTNRS L P 3.4%

Value ($000) $2,873 Shares 85,186 Est. Cost $44.16 Unrealized —

— ENLINK MIDSTREAM PARTNERS LP 3.4%

Value ($000) $2,843 Shares 171,460 Est. Cost $28.81 Unrealized —

JPM JPMORGAN CHASE & CO 3.2%

Value ($000) $2,730 Shares 41,350 Est. Cost $44.69 Unrealized +11.2%

MSFT MICROSOFT CORP 2.9%

Value ($000) $2,408 Shares 43,400 Est. Cost $39.64 Unrealized +15.9%

— WELLS FARGO & CO NEW 2.9%

Value ($000) $2,398 Shares 2,069 Est. Cost $1170.61 Unrealized —

— BERKSHIRE HATHAWAY INC DEL 2.8%

Value ($000) $2,374 Shares 12 Est. Cost $217500.00 Unrealized —

PAA PLAINS ALL AMERN PIPELINE L 2.8%

Value ($000) $2,334 Shares 101,020 Est. Cost $50.14 Unrealized —

— TRANSCANADA CORP 2.7%

Value ($000) $2,281 Shares 70,000 Est. Cost $49.10 Unrealized —

— BANK AMER CORP 2.4%

Value ($000) $2,047 Shares 1,872 Est. Cost $1093.48 Unrealized —

— MONMOUTH REAL ESTATE INVT CO 2.4%

Value ($000) $2,003 Shares 191,519 Est. Cost $10.97 Unrealized —

— BLACKSTONE GROUP L P 2.2%

Value ($000) $1,884 Shares 64,425 Est. Cost $34.22 Unrealized —

T AT&T INC 2.2%

Value ($000) $1,866 Shares 54,216 Est. Cost $12.33 Unrealized +0.8%

— GOLAR LNG PARTNERS LP 2.0%

Value ($000) $1,647 Shares 123,090 Est. Cost $27.69 Unrealized —

— EXPRESS SCRIPTS HLDG CO 1.9%

Value ($000) $1,575 Shares 18,020 Est. Cost $83.12 Unrealized —

VTI VANGUARD INDEX FDS 1.8%

Value ($000) $1,473 Shares 14,127 Est. Cost $99.68 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 1.6%

Value ($000) $1,370 Shares 41,873 Est. Cost $36.01 Unrealized —

MET METLIFE INC 1.6%

Value ($000) $1,321 Shares 27,400 Est. Cost $32.67 Unrealized -4.5%

GOOG ALPHABET INC 0.7%

Value ($000) $607 Shares 800 Est. Cost $35.61 Unrealized 0.0%

VBR VANGUARD INDEX FDS 0.5%

Value ($000) $418 Shares 4,230 Est. Cost $98.82 Unrealized —

— KKR & CO L P DEL 0.3%

Value ($000) $218 Shares 14,000 Est. Cost $23.19 Unrealized —

— FORTRESS INVESTMENT GROUP LL 0.1%

Value ($000) $66 Shares 13,000 Est. Cost $8.03 Unrealized —

PNNT PENNANTPARK INVT CORP 0.1%

Value ($000) $62 Shares 10,000 Est. Cost $2.61 Unrealized -25.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	BERKSHIRE HATHAWAY INC DEL	86,840	$11,466	13.6%	$139.54	—	CL B NEW	84670702
—	APPLE INC	48,438	$5,099	6.1%	$124.43	—	COM	37833100
EPD	ENTERPRISE PRODS PARTNERS L	184,971	$4,732	5.6%	$35.30	—	COM	293792107
BXMT	BLACKSTONE MTG TR INC	170,065	$4,551	5.4%	$28.59	—	COM CL A	09257W100
—	HUNTINGTON BANCSHARES INC	2,952	$4,029	4.8%	$1333.29	—	PFD CONV SER A	446150401
WFC	WELLS FARGO & CO NEW	73,860	$4,015	4.8%	$39.35	+3.8%	COM	949746101
WMB	WILLIAMS COS INC DEL	153,728	$3,951	4.7%	$26.99	-27.5%	COM	969457100
ET	ENERGY TRANSFER EQUITY L P	255,040	$3,504	4.2%	$39.93	—	COM UT LTD PTN	29273V100
VEA	VANGUARD TAX MANAGED INTL FD	83,686	$3,073	3.7%	$36.42	—	FTSE DEV MKT ETF	921943858
KMI	KINDER MORGAN INC DEL	194,283	$2,899	3.4%	$22.58	-36.7%	COM	49456B101
—	ENERGY TRANSFER PRTNRS L P	85,186	$2,873	3.4%	$44.16	—	UNIT LTD PARTN	29273R109
—	ENLINK MIDSTREAM PARTNERS LP	171,460	$2,843	3.4%	$28.81	—	COM UNIT REP LTD	29336U107
JPM	JPMORGAN CHASE & CO	41,350	$2,730	3.2%	$44.69	+11.2%	COM	46625H100
MSFT	MICROSOFT CORP	43,400	$2,408	2.9%	$39.64	+15.9%	COM	594918104
—	WELLS FARGO & CO NEW	2,069	$2,398	2.9%	$1170.61	—	PERP PFD CNV A	949746804
—	BERKSHIRE HATHAWAY INC DEL	12	$2,374	2.8%	$217500.00	—	CL A	84670108
PAA	PLAINS ALL AMERN PIPELINE L	101,020	$2,334	2.8%	$50.14	—	UNIT LTD PARTN	726503105
—	TRANSCANADA CORP	70,000	$2,281	2.7%	$49.10	—	COM	89353D107
—	BANK AMER CORP	1,872	$2,047	2.4%	$1093.48	—	7.25%CNV PFD L	60505682
—	MONMOUTH REAL ESTATE INVT CO	191,519	$2,003	2.4%	$10.97	—	CL A	609720107
—	BLACKSTONE GROUP L P	64,425	$1,884	2.2%	$34.22	—	COM UNIT LTD	09253U108
T	AT&T INC	54,216	$1,866	2.2%	$12.33	+0.8%	COM	00206R102
—	GOLAR LNG PARTNERS LP	123,090	$1,647	2.0%	$27.69	—	COM UNIT LPI	Y2745C102
—	EXPRESS SCRIPTS HLDG CO	18,020	$1,575	1.9%	$83.12	—	COM	30219G108
VTI	VANGUARD INDEX FDS	14,127	$1,473	1.8%	$99.68	—	TOTAL STK MKT	922908769
VWO	VANGUARD INTL EQUITY INDEX F	41,873	$1,370	1.6%	$36.01	—	FTSE EMR MKT ETF	922042858
MET	METLIFE INC	27,400	$1,321	1.6%	$32.67	-4.5%	COM	59156R108
GOOG	ALPHABET INC	800	$607	0.7%	$35.61	0.0%	CAP STK CL C	02079K107
VBR	VANGUARD INDEX FDS	4,230	$418	0.5%	$98.82	—	SM CP VAL ETF	922908611
—	KKR & CO L P DEL	14,000	$218	0.3%	$23.19	—	COM UNITS	48248M102
—	FORTRESS INVESTMENT GROUP LL	13,000	$66	0.1%	$8.03	—	CL A	34958B106
PNNT	PENNANTPARK INVT CORP	10,000	$62	0.1%	$2.61	-25.7%	COM	708062104