JRM Investment Counsel, LLC Long-Term Concentrated

CIK: 0001631084 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 12, 2025

Total Value ($000): $334,059 (100.0% shares, 0.0% debt)

Holdings (21)

BRK/B BERKSHIRE HATHAWAY INC DEL 29.9%

Value ($000) $99,960 Shares 198,831 Est. Cost $234.00 Unrealized +107.0%

VEA VANGUARD TAX-MANAGED FDS 11.1%

Value ($000) $37,123 Shares 619,537 Est. Cost $47.55 Unrealized —

AVLV AMERICAN CENTY ETF TR 10.5%

Value ($000) $35,216 Shares 487,352 Est. Cost $52.27 Unrealized —

AVUS AMERICAN CENTY ETF TR 10.4%

Value ($000) $34,835 Shares 320,470 Est. Cost $81.40 Unrealized —

AVEM AMERICAN CENTY ETF TR 7.0%

Value ($000) $23,422 Shares 311,836 Est. Cost $58.47 Unrealized —

AVDE AMERICAN CENTY ETF TR 5.5%

Value ($000) $18,378 Shares 232,924 Est. Cost $74.24 Unrealized —

AVUV AMERICAN CENTY ETF TR 5.2%

Value ($000) $17,268 Shares 173,495 Est. Cost $79.66 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 5.0%

Value ($000) $16,696 Shares 533,937 Est. Cost $25.86 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 5.0%

Value ($000) $16,592 Shares 22 Est. Cost $245759.83 Unrealized +195.8%

AVDV AMERICAN CENTY ETF TR 4.1%

Value ($000) $13,685 Shares 153,715 Est. Cost $55.00 Unrealized —

PAGP PLAINS GP HLDGS L P 1.3%

Value ($000) $4,177 Shares 229,000 Est. Cost $20.76 Unrealized —

SPDW SPDR INDEX SHS FDS 1.1%

Value ($000) $3,805 Shares 88,913 Est. Cost $33.58 Unrealized —

CG CARLYLE GROUP INC 1.0%

Value ($000) $3,401 Shares 54,240 Est. Cost $61.48 Unrealized 0.0%

— WELLS FARGO CO NEW 0.7%

Value ($000) $2,332 Shares 1,889 Est. Cost $1294.04 Unrealized —

AAPL APPLE INC 0.5%

Value ($000) $1,734 Shares 6,811 Est. Cost $70.21 Unrealized +221.3%

TRP TC ENERGY CORP 0.4%

Value ($000) $1,469 Shares 27,000 Est. Cost $34.25 Unrealized +46.6%

IEFA ISHARES TR 0.4%

Value ($000) $1,437 Shares 16,462 Est. Cost $72.05 Unrealized —

VIG VANGUARD SPECIALIZED FUNDS 0.3%

Value ($000) $922 Shares 4,274 Est. Cost $117.32 Unrealized —

— BANK AMERICA CORP 0.2%

Value ($000) $729 Shares 569 Est. Cost $1208.89 Unrealized —

BX BLACKSTONE INC 0.2%

Value ($000) $578 Shares 3,384 Est. Cost $40.65 Unrealized +316.9%

UNP UNION PAC CORP 0.1%

Value ($000) $299 Shares 1,265 Est. Cost $211.45 Unrealized +5.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	198,831	$99,960	29.9%	$234.00	+107.0%	CL B NEW	084670702
VEA	VANGUARD TAX-MANAGED FDS	619,537	$37,123	11.1%	$47.55	—	VAN FTSE DEV MKT	921943858
AVLV	AMERICAN CENTY ETF TR	487,352	$35,216	10.5%	$52.27	—	US LARGE CAP VLU	025072349
AVUS	AMERICAN CENTY ETF TR	320,470	$34,835	10.4%	$81.40	—	US EQT ETF	025072885
AVEM	AMERICAN CENTY ETF TR	311,836	$23,422	7.0%	$58.47	—	AVANTIS EMGMKT	025072604
AVDE	AMERICAN CENTY ETF TR	232,924	$18,378	5.5%	$74.24	—	INTL EQT ETF	025072703
AVUV	AMERICAN CENTY ETF TR	173,495	$17,268	5.2%	$79.66	—	US SML CP VALU	025072877
EPD	ENTERPRISE PRODS PARTNERS L	533,937	$16,696	5.0%	$25.86	—	COM	293792107
BRK/A	BERKSHIRE HATHAWAY INC DEL	22	$16,592	5.0%	$245759.83	+195.8%	CL A	084670108
AVDV	AMERICAN CENTY ETF TR	153,715	$13,685	4.1%	$55.00	—	INTL SMCP VLU	025072802
PAGP	PLAINS GP HLDGS L P	229,000	$4,177	1.3%	$20.76	—	LTD PARTNR INT A	72651A207
SPDW	SPDR INDEX SHS FDS	88,913	$3,805	1.1%	$33.58	—	PORTFOLIO DEVLPD	78463X889
CG	CARLYLE GROUP INC	54,240	$3,401	1.0%	$61.48	0.0%	COM	14316J108
—	WELLS FARGO CO NEW	1,889	$2,332	0.7%	$1294.04	—	PERP PFD CNV A	949746804
AAPL	APPLE INC	6,811	$1,734	0.5%	$70.21	+221.3%	COM	037833100
TRP	TC ENERGY CORP	27,000	$1,469	0.4%	$34.25	+46.6%	COM	87807B107
IEFA	ISHARES TR	16,462	$1,437	0.4%	$72.05	—	CORE MSCI EAFE	46432F842
VIG	VANGUARD SPECIALIZED FUNDS	4,274	$922	0.3%	$117.32	—	DIV APP ETF	921908844
—	BANK AMERICA CORP	569	$729	0.2%	$1208.89	—	7.25%CNV PFD L	060505682
BX	BLACKSTONE INC	3,384	$578	0.2%	$40.65	+316.9%	COM	09260D107
UNP	UNION PAC CORP	1,265	$299	0.1%	$211.45	+5.5%	COM	907818108