JRM Investment Counsel, LLC Long-Term Concentrated

CIK: 0001631084 · Show all filings

Period: Q1 2020 (← Previous) (Next →)

Filing Date: May 13, 2020

Total Value ($000): $121,118 (100.0% shares, 0.0% debt)

Holdings (21)

BRK/B BERKSHIRE HATHAWAY INC DEL 18.5%

Value ($000) $22,458 Shares 122,837 Est. Cost $171.72 Unrealized +23.8%

VIG VANGUARD SPECIALIZED FUNDS 11.4%

Value ($000) $13,851 Shares 133,971 Est. Cost $111.37 Unrealized —

— WELLS FARGO CO NEW 8.4%

Value ($000) $10,205 Shares 8,010 Est. Cost $1254.28 Unrealized —

BX BLACKSTONE GROUP INC 7.4%

Value ($000) $8,979 Shares 197,039 Est. Cost $39.22 Unrealized +15.4%

EPD ENTERPRISE PRODS PARTNERS L 7.4%

Value ($000) $8,939 Shares 625,099 Est. Cost $25.29 Unrealized —

BXMT BLACKSTONE MTG TR INC 6.9%

Value ($000) $8,302 Shares 445,849 Est. Cost $30.32 Unrealized —

AAPL APPLE INC 6.3%

Value ($000) $7,629 Shares 30,000 Est. Cost $26.83 Unrealized +164.9%

VTI VANGUARD INDEX FDS 6.3%

Value ($000) $7,600 Shares 58,956 Est. Cost $119.28 Unrealized —

EFAV ISHARES TR 5.4%

Value ($000) $6,533 Shares 105,281 Est. Cost $67.28 Unrealized —

— BK OF AMERICA CORP 4.1%

Value ($000) $4,912 Shares 3,880 Est. Cost $1241.45 Unrealized —

KREF KKR REAL ESTATE FIN TR INC 3.7%

Value ($000) $4,448 Shares 296,325 Est. Cost $17.34 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 2.9%

Value ($000) $3,536 Shares 13 Est. Cost $226185.19 Unrealized +40.9%

KMI KINDER MORGAN INC DEL 2.4%

Value ($000) $2,910 Shares 209,048 Est. Cost $15.11 Unrealized -11.5%

TRP TC ENERGY CORP 2.1%

Value ($000) $2,592 Shares 58,499 Est. Cost $34.25 Unrealized +9.0%

VEA VANGUARD TAX-MANAGED INTL FD 1.9%

Value ($000) $2,311 Shares 69,301 Est. Cost $40.48 Unrealized —

SPDW SPDR INDEX SHS FDS 1.7%

Value ($000) $2,056 Shares 85,878 Est. Cost $28.75 Unrealized —

PAA PLAINS ALL AMERN PIPELINE L 1.1%

Value ($000) $1,287 Shares 243,696 Est. Cost $18.39 Unrealized —

SPTM SPDR SER TR 1.1%

Value ($000) $1,285 Shares 40,856 Est. Cost $33.63 Unrealized —

PAGP PLAINS GP HLDGS L P 0.7%

Value ($000) $802 Shares 143,030 Est. Cost $14.63 Unrealized —

— MONMOUTH REAL ESTATE INVT CO 0.3%

Value ($000) $326 Shares 27,089 Est. Cost $12.60 Unrealized —

— AMERICA FIRST MULTIFAMILY IN 0.1%

Value ($000) $157 Shares 30,000 Est. Cost $8.17 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	122,837	$22,458	18.5%	$171.72	+23.8%	CL B NEW	084670702
VIG	VANGUARD SPECIALIZED FUNDS	133,971	$13,851	11.4%	$111.37	—	DIV APP ETF	921908844
—	WELLS FARGO CO NEW	8,010	$10,205	8.4%	$1254.28	—	PERP PFD CNV A	949746804
BX	BLACKSTONE GROUP INC	197,039	$8,979	7.4%	$39.22	+15.4%	COM CL A	09260D107
EPD	ENTERPRISE PRODS PARTNERS L	625,099	$8,939	7.4%	$25.29	—	COM	293792107
BXMT	BLACKSTONE MTG TR INC	445,849	$8,302	6.9%	$30.32	—	COM CL A	09257W100
AAPL	APPLE INC	30,000	$7,629	6.3%	$26.83	+164.9%	COM	037833100
VTI	VANGUARD INDEX FDS	58,956	$7,600	6.3%	$119.28	—	TOTAL STK MKT	922908769
EFAV	ISHARES TR	105,281	$6,533	5.4%	$67.28	—	MIN VOL EAFE ETF	46429B689
—	BK OF AMERICA CORP	3,880	$4,912	4.1%	$1241.45	—	7.25%CNV PFD L	060505682
KREF	KKR REAL ESTATE FIN TR INC	296,325	$4,448	3.7%	$17.34	—	COM	48251K100
BRK/A	BERKSHIRE HATHAWAY INC DEL	13	$3,536	2.9%	$226185.19	+40.9%	CL A	084670108
KMI	KINDER MORGAN INC DEL	209,048	$2,910	2.4%	$15.11	-11.5%	COM	49456B101
TRP	TC ENERGY CORP	58,499	$2,592	2.1%	$34.25	+9.0%	COM	87807B107
VEA	VANGUARD TAX-MANAGED INTL FD	69,301	$2,311	1.9%	$40.48	—	FTSE DEV MKT ETF	921943858
SPDW	SPDR INDEX SHS FDS	85,878	$2,056	1.7%	$28.75	—	PORTFOLIO DEVLPD	78463X889
PAA	PLAINS ALL AMERN PIPELINE L	243,696	$1,287	1.1%	$18.39	—	UNIT LTD PARTN	726503105
SPTM	SPDR SER TR	40,856	$1,285	1.1%	$33.63	—	PORTFOLI S&P1500	78464A805
PAGP	PLAINS GP HLDGS L P	143,030	$802	0.7%	$14.63	—	LTD PARTNR INT A	72651A207
—	MONMOUTH REAL ESTATE INVT CO	27,089	$326	0.3%	$12.60	—	CL A	609720107
—	AMERICA FIRST MULTIFAMILY IN	30,000	$157	0.1%	$8.17	—	BEN UNIT CTF	02364V107