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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
+3.48%
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
$119M
AUM Growth
-$10.9M
(-8.4%)
Cap. Flow
-$14.9M
Cap. Flow
% of AUM
-12.47%
Top 10 Holdings %
Top 10 Hldgs %
60.27%
Holding
31
New
1
Increased
7
Reduced
19
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
|
+$3.41M |
| 2 |
BXMX
Nuveen S&P 500 Buy-Write Income Fund
BXMX
|
+$1.8M |
| 3 |
Bank of America Series L
BAC.PRL
|
+$1.27M |
| 4 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$1.08M |
| 5 |
Williams Companies
WMB
|
+$188K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Berkshire Hathaway Class B
BRK.B
|
+$4.45M |
| 2 |
Vanguard Morningstar Small-Cap Value ETF
VBR
|
+$3.29M |
| 3 |
ETP
Energy Transfer Partners L.p.
ETP
|
+$2.72M |
| 4 |
Energy Transfer Partners
ET
|
+$2.63M |
| 5 |
Wells Fargo
WFC
|
+$1.56M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.48% |
| 2 | Energy | 16.54% |
| 3 | Real Estate | 9.32% |
| 4 | Technology | 4.17% |
| 5 | Industrials | 2.88% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Berkshire Hathaway Class B
BRK.B
$1.08T
| $11.4M | 9.59% |
68,532
-26,621
| -28% | -$4.45M |
|
2
Vanguard Morningstar Total Stock Market ETF
VTI
$695B
| $10.2M | 8.53% |
83,686
-5,229
| -6% | -$626K |
|
|
3
Bank of America Series L
BAC.PRL
$4.02B
| $8.84M | 7.42% |
7,396
+1,069
| +17% | +$1.27M |
|
|
4
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.65B
| $8.34M | 7.01% |
6,733
+2,806
| +71% | +$3.41M |
|
5
Blackstone Mortgage Trust
BXMT
$2.44B
| $7.14M | 5.99% |
230,501
-11,284
| -5% | -$348K |
|
6
iShares MSCI EAFE Min Vol Factor ETF
EFAV
$5.48B
| $6.41M | 5.38% |
97,065
-12,777
| -12% | -$818K |
|
7
Enterprise Products Partners
EPD
$84B
| $5.67M | 4.76% |
205,450
-2,195
| -1% | -$61.3K |
|
8
Apple
AAPL
$4.46T
| $4.97M | 4.17% |
138,324
-33,800
| -20% | -$1.11M |
|
9
Kinder Morgan
KMI
$73.1B
| $4.58M | 3.85% |
210,620
-4,522
| -2% | -$98.8K |
|
10
Blackstone
BX
$108B
| $4.25M | 3.57% |
143,015
-17,165
| -11% | -$516K |
|
|
HBANP
11
DELISTED
Huntington Bancshars Inc. Pfd Ser A
HBANP
| $4.12M | 3.46% |
3,008
-300
| -9% | -$414K |
|
12
Vanguard Morningstar Mid-Cap Value ETF
VOE
$24.6B
| $3.98M | 3.35% |
39,097
-11,528
| -23% | -$1.16M |
|
13
Vanguard High Dividend Yield ETF
VYM
$84B
| $3.72M | 3.12% |
47,885
-10,115
| -17% | -$781K |
|
14
Plains All American Pipeline
PAA
$16.9B
| $3.52M | 2.95% |
111,240
+4,100
| +4% | +$130K |
|
|
MNR
15
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $3.48M | 2.92% |
243,546
-32,905
| -12% | -$478K |
|
|
GMLP
16
DELISTED
Golar LNG Partners LP
GMLP
| $3.43M | 2.88% |
153,708
-1,197
| -0.8% | -$27.6K |
|
|
17
Wells Fargo
WFC
$269B
| $3.34M | 2.81% |
60,020
-27,445
| -31% | -$1.56M |
|
18
Schwab US Dividend Equity ETF
SCHD
$108B
| $3.23M | 2.71% |
217,242
+2,877
| +1% | +$42.4K |
|
|
19
Williams Companies
WMB
$92B
| $3.02M | 2.54% |
102,203
+6,505
| +7% | +$188K |
|
|
20
Berkshire Hathaway Class A
BRK.A
$1.08T
| $3M | 2.52% |
12
| – | – |
|
21
TC Energy
TRP
$66.7B
| $2.91M | 2.44% |
63,000
-3,000
| -5% | -$140K |
|
|
22
Vanguard FTSE Developed Markets ETF
VEA
$239B
| $2.76M | 2.32% |
70,155
+28,155
| +67% | +$1.08M |
|
|
23
Vanguard Morningstar Small-Cap Value ETF
VBR
$38.3B
| $1.99M | 1.67% |
16,167
-26,752
| -62% | -$3.29M |
|
|
BXMX
24
DELISTED
Nuveen S&P 500 Buy-Write Income Fund
BXMX
| $1.81M | 1.52% |
+136,795
| New | +$1.8M |
|
25
iShares MSCI Emerging Markets Min Vol Factor ETF
EEMV
$3.61B
| $970K | 0.81% |
18,122
-7,140
| -28% | -$369K |
|
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CGFA
JRM Investment Counsel's Q1 2017 Portfolio in Review
As of Q1 2017, JRM Investment Counsel held 31 positions worth $119M, down 8.4% from $130M the previous quarter. Its ten largest holdings account for 60% of the portfolio.
JRM Investment Counsel withdrew a net $14.9M in Q1 2017, closing 3 positions and reducing 19 holdings. Its most notable exit was Energy Transfer Partners L.p., an estimated $2.72M position sold in full.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 21% a quarter earlier, followed by Energy and Real Estate.
Against the trend, JRM Investment Counsel opened a new position in Nuveen S&P 500 Buy-Write Income Fund worth $1.81M.
- JRM Investment Counsel's largest Q1 2017 buy was Nuveen S&P 500 Buy-Write Income Fund: 136,795 shares worth $1.81M.
- JRM Investment Counsel added most to Wells Fargo 7.5% Non Cumv Perp Conv in Q1 2017, an estimated $3.41M increase.
- JRM Investment Counsel's biggest Q1 2017 reduction was Berkshire Hathaway Class B, cutting an estimated $4.45M.
- JRM Investment Counsel fully exited Energy Transfer Partners L.p. in Q1 2017, selling an estimated $2.72M.
- JRM Investment Counsel's ten largest holdings make up 60% of its $119M portfolio in Q1 2017.
- JRM Investment Counsel opened 1 new position and closed 3 in Q1 2017.
- JRM Investment Counsel's portfolio value fell 8.4% quarter-over-quarter to $119M.
Based on JRM Investment Counsel's 13F filing for Q1 2017, filed 1 May 2017.