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JIC
JRM Investment Counsel Portfolio holdings
AUM
$413M
1-Year Est. Return
20.78%
This Fund
S&P 500
This Quarter
Est. Return
-11.38%
1 Year Est. Return
+20.78%
3 Year Est. Return
+65.46%
5 Year Est. Return
+71.39%
10 Year Est. Return
+215.46%
AUM
$128M
AUM Growth
-$22.1M
(-15%)
Cap. Flow
-$4.7M
Cap. Flow
% of AUM
-3.68%
Top 10 Holdings %
Top 10 Hldgs %
69.91%
Holding
34
New
1
Increased
16
Reduced
11
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR Portfolio Developed World ex-US ETF
SPDW
|
+$1.98M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$1.33M |
| 3 |
Vanguard Morningstar Small-Cap Value ETF
VBR
|
+$1.12M |
| 4 |
Plains GP Holdings
PAGP
|
+$1.1M |
| 5 |
GOV
Government Properties Income Trust
GOV
|
+$973K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo
WFC
|
+$2.89M |
| 2 |
Blackstone Mortgage Trust
BXMT
|
+$2.39M |
| 3 |
SIR
SELECT INCOME REIT
SIR
|
+$1.87M |
| 4 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$1.52M |
| 5 |
iShares Core S&P Mid-Cap ETF
IJH
|
+$1.08M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 47.86% |
| 2 | Financials | 23.07% |
| 3 | Real Estate | 12.7% |
| 4 | Energy | 12.5% |
| 5 | Technology | 3.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
iShares Core S&P Small-Cap ETF
IJR
$111B
| $1.13M | 0.88% |
16,247
-13,405
| -45% | -$1.04M |
|
|
GOV
27
DELISTED
Government Properties Income Trust
GOV
| $752K | 0.59% |
+109,520
| New | +$973K |
|
28
State Street SPDR Portfolio Short Term Corporate Bond ETF
SPSB
$10.5B
| $688K | 0.54% |
22,835
+9,700
| +74% | +$292K |
|
|
29
iShares Core S&P Mid-Cap ETF
IJH
$126B
| $252K | 0.2% |
7,585
-29,720
| -80% | -$1.08M |
|
30
Plains All American Pipeline
PAA
$18B
| $234K | 0.18% |
11,684
| – | – |
|
|
SIR
31
DELISTED
SELECT INCOME REIT
SIR
| $148K | 0.12% |
20,081
-222,828
| -92% | -$1.87M |
|
32
State Street SPDR Portfolio S&P 400 Mid Cap ETF
SPMD
$18.8B
| – | – |
-5,784
| Closed | -$209K |
|
|
33
Wells Fargo
WFC
$257B
| – | – |
-54,957
| Closed | -$2.89M |
|
34
Williams Companies
WMB
$90.7B
| – | – |
-34,550
| Closed | -$939K |
|
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BWM
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CGFA
JRM Investment Counsel's Q4 2018 Portfolio in Review
As of Q4 2018, JRM Investment Counsel held 34 positions worth $128M, down 15% from $150M the previous quarter. Its ten largest holdings account for 70% of the portfolio.
JRM Investment Counsel withdrew a net $4.7M in Q4 2018, closing 3 positions and reducing 11 holdings. Its most notable exit was Wells Fargo, an estimated $2.89M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 48% of assets, up from 46% a quarter earlier, followed by Financials and Real Estate.
Against the trend, JRM Investment Counsel opened a new position in Government Properties Income Trust worth $752K.
- JRM Investment Counsel's largest Q4 2018 buy was Government Properties Income Trust: 109,520 shares worth $752K.
- JRM Investment Counsel added most to State Street SPDR Portfolio Developed World ex-US ETF in Q4 2018, an estimated $1.98M increase.
- JRM Investment Counsel's biggest Q4 2018 reduction was Blackstone Mortgage Trust, cutting an estimated $2.39M.
- JRM Investment Counsel fully exited Wells Fargo in Q4 2018, selling an estimated $2.89M.
- JRM Investment Counsel's ten largest holdings make up 70% of its $128M portfolio in Q4 2018.
- JRM Investment Counsel opened 1 new position and closed 3 in Q4 2018.
- JRM Investment Counsel's portfolio value fell 15% quarter-over-quarter to $128M.
Based on JRM Investment Counsel's 13F filing for Q4 2018, filed 11 Feb 2019.