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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
-16.41%
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
$85M
AUM Growth
-$30.6M
(-26%)
Cap. Flow
-$11.3M
Cap. Flow
% of AUM
-13.35%
Top 10 Holdings %
Top 10 Hldgs %
60.66%
Holding
43
New
4
Increased
6
Reduced
11
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$1.23M |
| 2 |
AT&T
T
|
+$1.11M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
+$1.05M |
| 4 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$906K |
| 5 |
Wells Fargo
WFC
|
+$720K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Alphabet (Google) Class C
GOOG
|
+$3.61M |
| 2 |
Golub Capital BDC
GBDC
|
+$2.61M |
| 3 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$1.89M |
| 4 |
Apollo Global Management
APO
|
+$1.54M |
| 5 |
PennantPark Floating Rate Capital
PFLT
|
+$1.46M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 36.16% |
| 2 | Financials | 31.41% |
| 3 | Miscellaneous | 9.26% |
| 4 | Technology | 9.18% |
| 5 | Real Estate | 6.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Berkshire Hathaway Class B
BRK.B
$1.08T
| $7.54M | 8.87% |
57,845
+4,185
| +8% | +$573K |
|
2
Apple
AAPL
$4.59T
| $5.74M | 6.75% |
208,192
| – | – |
|
3
Kinder Morgan
KMI
$70.2B
| $5.71M | 6.71% |
206,105
-1,469
| -0.7% | -$48.6K |
|
4
Williams Companies
WMB
$90.7B
| $5.66M | 6.66% |
153,643
-3,600
| -2% | -$179K |
|
|
5
Berkshire Hathaway Class A
BRK.A
$1.08T
| $5.47M | 6.43% |
28
| – | – |
|
6
Energy Transfer Partners
ET
$73.6B
| $5.23M | 6.15% |
251,188
-11,460
| -4% | -$324K |
|
|
HBANP
7
DELISTED
Huntington Bancshars Inc. Pfd Ser A
HBANP
| $4.46M | 5.24% |
3,339
| – | – |
|
8
Enterprise Products Partners
EPD
$84.3B
| $4.33M | 5.1% |
174,041
+785
| +0.5% | +$21.8K |
|
9
Blackstone Mortgage Trust
BXMT
$2.33B
| $3.88M | 4.57% |
141,535
+3,830
| +3% | +$109K |
|
|
10
Wells Fargo
WFC
$257B
| $3.56M | 4.18% |
69,250
+13,100
| +23% | +$720K |
|
11
KKR & Co
KKR
$98.1B
| $3.35M | 3.93% |
199,338
| – | – |
|
12
Plains All American Pipeline
PAA
$18B
| $2.96M | 3.48% |
97,370
| – | – |
|
13
JPMorgan Chase
JPM
$942B
| $2.67M | 3.15% |
43,850
-1,100
| -2% | -$72K |
|
|
ENLK
14
DELISTED
EnLink Midstream Partners, LP
ENLK
| $2.67M | 3.14% |
169,610
| – | – |
|
15
TC Energy
TRP
$64.6B
| $2.21M | 2.6% |
70,000
-7,390
| -10% | -$265K |
|
16
Microsoft
MSFT
$3.75T
| $2.06M | 2.42% |
46,550
| – | – |
|
17
Blackstone
BX
$108B
| $2.02M | 2.38% |
65,140
| – | – |
|
|
ETP
18
DELISTED
Energy Transfer Partners L.p.
ETP
| $1.98M | 2.33% |
48,129
| – | – |
|
|
GMLP
19
DELISTED
Golar LNG Partners LP
GMLP
| $1.83M | 2.16% |
124,990
+17,355
| +16% | +$355K |
|
|
MNR
20
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $1.75M | 2.05% |
179,030
-2,500
| -1% | -$24.1K |
|
21
MetLife
MET
$61.2B
| $1.5M | 1.77% |
35,736
| – | – |
|
|
22
Vanguard Morningstar Total Stock Market ETF
VTI
$689B
| $1.16M | 1.36% |
+11,737
| New | +$1.23M |
|
|
23
AT&T
T
$174B
| $1.07M | 1.26% |
+43,586
| New | +$1.11M |
|
|
ESRX
24
DELISTED
Express Scripts Holding Company
ESRX
| $976K | 1.15% |
+12,050
| New | +$1.05M |
|
25
Gilead Sciences
GILD
$185B
| $884K | 1.04% |
9,000
| – | – |
|
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JRM Investment Counsel's Q3 2015 Portfolio in Review
As of Q3 2015, JRM Investment Counsel held 43 positions worth $85M, down 26% from $116M the previous quarter. Its ten largest holdings account for 61% of the portfolio.
JRM Investment Counsel withdrew a net $11.3M in Q3 2015, closing 9 positions and reducing 11 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $3.61M position sold in full.
By sector, the portfolio is most concentrated in Energy at 36% of assets, down from 38% a quarter earlier, followed by Financials and Miscellaneous.
Against the trend, JRM Investment Counsel opened a new position in Vanguard Morningstar Total Stock Market ETF worth $1.16M.
- JRM Investment Counsel's largest Q3 2015 buy was Vanguard Morningstar Total Stock Market ETF: 11,737 shares worth $1.16M.
- JRM Investment Counsel added most to Wells Fargo in Q3 2015, an estimated $720K increase.
- JRM Investment Counsel's biggest Q3 2015 reduction was Pennant Park Investment Corp, cutting an estimated $1.45M.
- JRM Investment Counsel fully exited Alphabet (Google) Class C in Q3 2015, selling an estimated $3.61M.
- JRM Investment Counsel's ten largest holdings make up 61% of its $85M portfolio in Q3 2015.
- JRM Investment Counsel opened 4 new positions and closed 9 in Q3 2015.
- JRM Investment Counsel's portfolio value fell 26% quarter-over-quarter to $85M.
Based on JRM Investment Counsel's 13F filing for Q3 2015, filed 22 Oct 2015.