JRM Investment Counsel, LLC Long-Term Concentrated

Location: OMAHA, NE

CIK: 0001631084 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 14, 2026

Total Value ($000): $375,409 (100.0% shares, 0.0% debt)

Holdings (21)

New Positions (1)

RGR STURM RUGER & CO INC 4.2%

Value ($000) $15,916 Shares 397,000 Est. Cost $37.21 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RGR	STURM RUGER & CO INC	397,000	$15,916	4.2%	$37.21	0.0%	COM	864159108

Increased Positions (7)

AVLV AMERICAN CENTY ETF TR 11.4%

Value ($000) $42,898 (+13.4%) Shares 532,169 (+6.6%) Est. Cost $54.55 Unrealized —

AVUV AMERICAN CENTY ETF TR 6.1%

Value ($000) $22,802 (+27.8%) Shares 206,412 (+18.0%) Est. Cost $84.37 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 5.6%

Value ($000) $20,936 (+20.7%) Shares 553,284 (+2.2%) Est. Cost $26.20 Unrealized —

AVEM AMERICAN CENTY ETF TR 7.2%

Value ($000) $27,131 (+11.2%) Shares 336,701 (+6.3%) Est. Cost $60.05 Unrealized —

AVDV AMERICAN CENTY ETF TR 4.6%

Value ($000) $17,168 (+16.7%) Shares 171,919 (+9.8%) Est. Cost $59.65 Unrealized —

AVDE AMERICAN CENTY ETF TR 5.8%

Value ($000) $21,744 (+11.1%) Shares 256,291 (+7.8%) Est. Cost $75.16 Unrealized —

PAGP PLAINS GP HLDGS L P 1.6%

Value ($000) $6,191 (+41.3%) Shares 255,000 (+11.4%) Est. Cost $21.12 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AVLV	AMERICAN CENTY ETF TR	532,169 (+6.6%)	$42,898 (+13.4%)	11.4%	$54.55	—	US LARGE CAP VLU	025072349
AVUV	AMERICAN CENTY ETF TR	206,412 (+18.0%)	$22,802 (+27.8%)	6.1%	$84.37	—	US SML CP VALU	025072877
EPD	ENTERPRISE PRODS PARTNERS L	553,284 (+2.2%)	$20,936 (+20.7%)	5.6%	$26.20	—	COM	293792107
AVEM	AMERICAN CENTY ETF TR	336,701 (+6.3%)	$27,131 (+11.2%)	7.2%	$60.05	—	AVANTIS EMGMKT	025072604
AVDV	AMERICAN CENTY ETF TR	171,919 (+9.8%)	$17,168 (+16.7%)	4.6%	$59.65	—	INTL SMCP VLU	025072802
AVDE	AMERICAN CENTY ETF TR	256,291 (+7.8%)	$21,744 (+11.1%)	5.8%	$75.16	—	INTL EQT ETF	025072703
PAGP	PLAINS GP HLDGS L P	255,000 (+11.4%)	$6,191 (+41.3%)	1.6%	$21.12	—	LTD PARTNR INT A	72651A207

Exited Positions (1)

CG CARLYLE GROUP INC 0.9%

Value ($000) $3,246 Shares 54,921 Est. Cost $61.42 Unrealized -4.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CG	CARLYLE GROUP INC	54,921	$3,246	0.9%	$61.42	-4.0%	—	14316J108

Decreased Positions (5)

AVUS AMERICAN CENTY ETF TR 9.2%

Value ($000) $34,499 (-4.0%) Shares 310,296 (-3.5%) Est. Cost $81.40 Unrealized —

IEFA ISHARES TR 0.3%

Value ($000) $1,128 (-24.2%) Shares 12,461 (-25.1%) Est. Cost $72.24 Unrealized —

AAPL APPLE INC 0.4%

Value ($000) $1,419 (-20.3%) Shares 5,591 (-14.6%) Est. Cost $70.21 Unrealized +274.3%

BX BLACKSTONE INC 0.1%

Value ($000) $320 (-29.6%) Shares 2,786 (-5.7%) Est. Cost $40.65 Unrealized +246.6%

— BANK AMERICA CORP 0.1%

Value ($000) $549 (-6.1%) Shares 461 (-1.3%) Est. Cost $1208.89 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AVUS	AMERICAN CENTY ETF TR	310,296 (-3.5%)	$34,499 (-4.0%)	9.2%	$81.40	—	US EQT ETF	025072885
IEFA	ISHARES TR	12,461 (-25.1%)	$1,128 (-24.2%)	0.3%	$72.24	—	CORE MSCI EAFE	46432F842
AAPL	APPLE INC	5,591 (-14.6%)	$1,419 (-20.3%)	0.4%	$70.21	+274.3%	COM	037833100
BX	BLACKSTONE INC	2,786 (-5.7%)	$320 (-29.6%)	0.1%	$40.65	+246.6%	COM	09260D107
—	BANK AMERICA CORP	461 (-1.3%)	$549 (-6.1%)	0.1%	$1208.89	—	7.25%CNV PFD L	060505682

Unchanged Positions (8)

BRK/B BERKSHIRE HATHAWAY INC DEL 25.9%

Value ($000) $97,214 Shares 202,868 Est. Cost $237.02 Unrealized +108.2%

VEA VANGUARD TAX-MANAGED FDS 10.8%

Value ($000) $40,497 Shares 631,968 Est. Cost $47.84 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 4.2%

Value ($000) $15,799 Shares 22 Est. Cost $245759.83 Unrealized +201.3%

TRP TC ENERGY CORP 0.5%

Value ($000) $1,690 Shares 27,000 Est. Cost $34.25 Unrealized +70.0%

SPDW SPDR INDEX SHS FDS 1.1%

Value ($000) $4,113 Shares 90,103 Est. Cost $33.72 Unrealized —

— WELLS FARGO & CO 0.6%

Value ($000) $2,137 Shares 1,850 Est. Cost $1294.04 Unrealized —

VIG VANGUARD SPECIALIZED FUNDS 0.3%

Value ($000) $950 Shares 4,416 Est. Cost $120.62 Unrealized —

UNP UNION PAC CORP 0.1%

Value ($000) $307 Shares 1,265 Est. Cost $211.45 Unrealized +15.1%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BRK/B	BERKSHIRE HATHAWAY INC DEL	202,868	$97,214	25.9%	$237.02	+108.2%	CL B NEW	084670702
VEA	VANGUARD TAX-MANAGED FDS	631,968	$40,497	10.8%	$47.84	—	VAN FTSE DEV MKT	921943858
BRK/A	BERKSHIRE HATHAWAY INC DEL	22	$15,799	4.2%	$245759.83	+201.3%	CL A	084670108
TRP	TC ENERGY CORP	27,000	$1,690	0.5%	$34.25	+70.0%	COM	87807B107
SPDW	SPDR INDEX SHS FDS	90,103	$4,113	1.1%	$33.72	—	STATE STREET SPD	78463X889
—	WELLS FARGO & CO	1,850	$2,137	0.6%	$1294.04	—	PERP PFD CNV A	949746804
VIG	VANGUARD SPECIALIZED FUNDS	4,416	$950	0.3%	$120.62	—	DIV APP ETF	921908844
UNP	UNION PAC CORP	1,265	$307	0.1%	$211.45	+15.1%	COM	907818108