JRM Investment Counsel, LLC Long-Term Concentrated

Location: Omaha, NE

CIK: 0001631084 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 13, 2026

Total Value: $413M (100.0% shares, 0.0% debt)

Holdings (21)

Increased Positions (7)

RGR STURM RUGER & CO INC 5.6%

Value $23.09M (+45.1%) Shares 610,000 (+53.7%) Est. Cost $37.43 Unrealized —

AVLV AMERICAN CENTY ETF TR 12.0%

Value $49.41M (+15.2%) Shares 541,727 (+1.8%) Est. Cost $55.20 Unrealized —

AVUV AMERICAN CENTY ETF TR 6.5%

Value $26.95M (+18.2%) Shares 215,990 (+4.6%) Est. Cost $86.16 Unrealized —

AVDE AMERICAN CENTY ETF TR 5.6%

Value $23.2M (+6.7%) Shares 260,135 (+1.5%) Est. Cost $75.37 Unrealized —

AVDV AMERICAN CENTY ETF TR 4.4%

Value $18.06M (+5.2%) Shares 175,220 (+1.9%) Est. Cost $60.47 Unrealized —

— WELLS FARGO & CO 0.5%

Value $2.176M (+1.8%) Shares 1,881 (+1.7%) Est. Cost $1291.78 Unrealized —

— BANK OF AMER CORP 0.1%

Value $584K (+6.3%) Shares 466 (+1.1%) Est. Cost $1209.36 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
RGR	STURM RUGER & CO INC	610,000 (+53.7%)	$23.09M (+45.1%)	5.6%	$37.43	—	COM	864159108
AVLV	AMERICAN CENTY ETF TR	541,727 (+1.8%)	$49.41M (+15.2%)	12.0%	$55.20	—	US LARGE CAP VLU	025072349
AVUV	AMERICAN CENTY ETF TR	215,990 (+4.6%)	$26.95M (+18.2%)	6.5%	$86.16	—	US SML CP VALU	025072877
AVDE	AMERICAN CENTY ETF TR	260,135 (+1.5%)	$23.2M (+6.7%)	5.6%	$75.37	—	INTL EQT ETF	025072703
AVDV	AMERICAN CENTY ETF TR	175,220 (+1.9%)	$18.06M (+5.2%)	4.4%	$60.47	—	INTL SMCP VLU	025072802
—	WELLS FARGO & CO	1,881 (+1.7%)	$2.176M (+1.8%)	0.5%	$1291.78	—	PERP PFD CNV A	949746804
—	BANK OF AMER CORP	466 (+1.1%)	$584K (+6.3%)	0.1%	$1209.36	—	7.25%CNV PFD L	060505682

Decreased Positions (6)

AVUS AMERICAN CENTY ETF TR 9.3%

Value $38.59M (+11.9%) Shares 301,331 (-2.9%) Est. Cost $81.40 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 10.7%

Value $44.1M (+8.9%) Shares 618,971 (-2.1%) Est. Cost $47.84 Unrealized —

SPDW SPDR INDEX SHS FDS 1.0%

Value $4.228M (+2.8%) Shares 83,898 (-6.9%) Est. Cost $33.72 Unrealized —

VIG VANGUARD SPECIALIZED FUNDS 0.2%

Value $1.028M (+8.2%) Shares 4,344 (-1.6%) Est. Cost $120.62 Unrealized —

AAPL APPLE INC 0.3%

Value $1.438M (+1.4%) Shares 4,971 (-11.1%) Est. Cost $70.21 Unrealized —

BX BLACKSTONE INC 0.1%

Value $323K (+0.7%) Shares 2,741 (-1.6%) Est. Cost $40.65 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AVUS	AMERICAN CENTY ETF TR	301,331 (-2.9%)	$38.59M (+11.9%)	9.3%	$81.40	—	US EQT ETF	025072885
VEA	VANGUARD TAX-MANAGED FDS	618,971 (-2.1%)	$44.1M (+8.9%)	10.7%	$47.84	—	VAN FTSE DEV MKT	921943858
SPDW	SPDR INDEX SHS FDS	83,898 (-6.9%)	$4.228M (+2.8%)	1.0%	$33.72	—	ST STR PO EX ETF	78463X889
VIG	VANGUARD SPECIALIZED FUNDS	4,344 (-1.6%)	$1.028M (+8.2%)	0.2%	$120.62	—	DIV APP ETF	921908844
AAPL	APPLE INC	4,971 (-11.1%)	$1.438M (+1.4%)	0.3%	$70.21	—	COM	037833100
BX	BLACKSTONE INC	2,741 (-1.6%)	$323K (+0.7%)	0.1%	$40.65	—	COM	09260D107

Unchanged Positions (8)

AVEM AMERICAN CENTY ETF TR 7.9%

Value $32.59M Shares 337,757 Est. Cost $60.05 Unrealized —

BRK/B BERKSHIRE HATHAWAY INC DEL 24.5%

Value $101M Shares 202,508 Est. Cost $237.02 Unrealized —

EPD ENTERPRISE PRODS PARTNERS L 4.9%

Value $20.19M Shares 549,345 Est. Cost $26.20 Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 4.0%

Value $16.47M Shares 22 Est. Cost $245759.83 Unrealized —

TRP TC ENERGY CORP 0.4%

Value $1.79M Shares 27,000 Est. Cost $34.25 Unrealized —

IEFA ISHARES TR 0.3%

Value $1.205M Shares 12,481 Est. Cost $72.24 Unrealized —

UNP UNION PAC CORP 0.1%

Value $344K Shares 1,265 Est. Cost $211.45 Unrealized —

PAGP PLAINS GP HLDGS L P 1.5%

Value $6.189M Shares 255,000 Est. Cost $21.12 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AVEM	AMERICAN CENTY ETF TR	337,757	$32.59M	7.9%	$60.05	—	AVANTIS EMGMKT	025072604
BRK/B	BERKSHIRE HATHAWAY INC DEL	202,508	$101M	24.5%	$237.02	—	CL B NEW	084670702
EPD	ENTERPRISE PRODS PARTNERS L	549,345	$20.19M	4.9%	$26.20	—	COM	293792107
BRK/A	BERKSHIRE HATHAWAY INC DEL	22	$16.47M	4.0%	$245759.83	—	CL A	084670108
TRP	TC ENERGY CORP	27,000	$1.79M	0.4%	$34.25	—	COM	87807B107
IEFA	ISHARES TR	12,481	$1.205M	0.3%	$72.24	—	CORE MSCI EAFE	46432F842
UNP	UNION PAC CORP	1,265	$344K	0.1%	$211.45	—	COM	907818108
PAGP	PLAINS GP HLDGS L P	255,000	$6.189M	1.5%	$21.12	—	LTD PARTNR INT A	72651A207