JRM Investment Counsel, LLC Long-Term Concentrated

CIK: 0001631084 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Aug 13, 2025

Total Value ($000): $311,064 (100.0% shares, 0.0% debt)

Holdings (20)

BRK/B BERKSHIRE HATHAWAY INC DEL 31.0%

Value ($000) $96,567 Shares 198,792 Est. Cost $234.00 Unrealized +117.0%

VEA VANGUARD TAX-MANAGED FDS 11.4%

Value ($000) $35,532 Shares 623,253 Est. Cost $47.55 Unrealized —

AVLV AMERICAN CENTY ETF TR 10.6%

Value ($000) $33,097 Shares 485,224 Est. Cost $52.27 Unrealized —

AVUS AMERICAN CENTY ETF TR 10.5%

Value ($000) $32,729 Shares 324,632 Est. Cost $81.40 Unrealized —

AVEM AMERICAN CENTY ETF TR 6.6%

Value ($000) $20,512 Shares 299,264 Est. Cost $57.77 Unrealized —

AVDE AMERICAN CENTY ETF TR 5.3%

Value ($000) $16,430 Shares 222,000 Est. Cost $74.01 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 5.2%

Value ($000) $16,219 Shares 523,012 Est. Cost $25.74 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 5.2%

Value ($000) $16,034 Shares 22 Est. Cost $245759.83 Unrealized +210.0%

AVUV AMERICAN CENTY ETF TR 4.7%

Value ($000) $14,639 Shares 160,691 Est. Cost $78.08 Unrealized —

AVDV AMERICAN CENTY ETF TR 3.7%

Value ($000) $11,538 Shares 145,529 Est. Cost $53.09 Unrealized —

PAGP PLAINS GP HLDGS L P 1.4%

Value ($000) $4,255 Shares 219,000 Est. Cost $20.88 Unrealized —

SPDW SPDR INDEX SHS FDS 1.2%

Value ($000) $3,679 Shares 90,851 Est. Cost $33.58 Unrealized —

— WELLS FARGO CO NEW 0.8%

Value ($000) $2,464 Shares 2,099 Est. Cost $1294.04 Unrealized —

AAPL APPLE INC 0.5%

Value ($000) $1,427 Shares 6,956 Est. Cost $70.21 Unrealized +186.9%

IEFA ISHARES TR 0.5%

Value ($000) $1,403 Shares 16,812 Est. Cost $72.05 Unrealized —

TRP TC ENERGY CORP 0.4%

Value ($000) $1,317 Shares 27,000 Est. Cost $34.25 Unrealized +41.5%

BX BLACKSTONE INC 0.4%

Value ($000) $1,200 Shares 8,025 Est. Cost $40.65 Unrealized +232.4%

VIG VANGUARD SPECIALIZED FUNDS 0.3%

Value ($000) $904 Shares 4,416 Est. Cost $117.32 Unrealized —

— BANK AMERICA CORP 0.3%

Value ($000) $827 Shares 682 Est. Cost $1208.89 Unrealized —

UNP UNION PAC CORP 0.1%

Value ($000) $291 Shares 1,265 Est. Cost $211.45 Unrealized +3.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	198,792	$96,567	31.0%	$234.00	+117.0%	CL B NEW	084670702
VEA	VANGUARD TAX-MANAGED FDS	623,253	$35,532	11.4%	$47.55	—	VAN FTSE DEV MKT	921943858
AVLV	AMERICAN CENTY ETF TR	485,224	$33,097	10.6%	$52.27	—	US LARGE CAP VLU	025072349
AVUS	AMERICAN CENTY ETF TR	324,632	$32,729	10.5%	$81.40	—	US EQT ETF	025072885
AVEM	AMERICAN CENTY ETF TR	299,264	$20,512	6.6%	$57.77	—	AVANTIS EMGMKT	025072604
AVDE	AMERICAN CENTY ETF TR	222,000	$16,430	5.3%	$74.01	—	INTL EQT ETF	025072703
EPD	ENTERPRISE PRODS PARTNERS L	523,012	$16,219	5.2%	$25.74	—	COM	293792107
BRK/A	BERKSHIRE HATHAWAY INC DEL	22	$16,034	5.2%	$245759.83	+210.0%	CL A	084670108
AVUV	AMERICAN CENTY ETF TR	160,691	$14,639	4.7%	$78.08	—	US SML CP VALU	025072877
AVDV	AMERICAN CENTY ETF TR	145,529	$11,538	3.7%	$53.09	—	INTL SMCP VLU	025072802
PAGP	PLAINS GP HLDGS L P	219,000	$4,255	1.4%	$20.88	—	LTD PARTNR INT A	72651A207
SPDW	SPDR INDEX SHS FDS	90,851	$3,679	1.2%	$33.58	—	PORTFOLIO DEVLPD	78463X889
—	WELLS FARGO CO NEW	2,099	$2,464	0.8%	$1294.04	—	PERP PFD CNV A	949746804
AAPL	APPLE INC	6,956	$1,427	0.5%	$70.21	+186.9%	COM	037833100
IEFA	ISHARES TR	16,812	$1,403	0.5%	$72.05	—	CORE MSCI EAFE	46432F842
TRP	TC ENERGY CORP	27,000	$1,317	0.4%	$34.25	+41.5%	COM	87807B107
BX	BLACKSTONE INC	8,025	$1,200	0.4%	$40.65	+232.4%	COM	09260D107
VIG	VANGUARD SPECIALIZED FUNDS	4,416	$904	0.3%	$117.32	—	DIV APP ETF	921908844
—	BANK AMERICA CORP	682	$827	0.3%	$1208.89	—	7.25%CNV PFD L	060505682
UNP	UNION PAC CORP	1,265	$291	0.1%	$211.45	+3.3%	COM	907818108