Institutional
JRM Investment Counsel, LLC
CIK 0001631084
$375.4M
Reported AUM
21
Positions
Q1 2026
Period
2026-05-14
Filed
The Brief · JRM Investment Counsel, LLC · Q1 2026
AI · grounded in 13F
JRM Investment Counsel, LLC established a new position in RGR valued at $15.9M. The fund closed its entire position in CG, resulting in a decrease of $3.2M. Additionally, the manager increased holdings in AVUV by 18.0% and trimmed its stake in IEFA by 25.1%.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | BRK/B | BERKSHIRE HATHAWAY INC DEL | — | — | — | — | $97.2M | 25.90% | +1,726 | +0.9% |
| 2 | AVLV | AMERICAN CENTY ETF TR | $89.80 | -1.74% | 35.81% | 82.54% | $42.9M | 11.43% | +33,103 | +6.6% |
| 3 | VEA | VANGUARD TAX-MANAGED FDS | $69.17 | -3.72% | 26.80% | 55.20% | $40.5M | 10.79% | +245 | +0.0% |
| 4 | AVUS | AMERICAN CENTY ETF TR | $125.15 | -2.49% | 28.91% | 78.37% | $34.5M | 9.19% | −11,200 | −3.5% |
| 5 | AVEM | AMERICAN CENTY ETF TR | $91.23 | -6.45% | 40.78% | 58.26% | $27.1M | 7.23% | +19,940 | +6.3% |
| 6 | AVUV | AMERICAN CENTY ETF TR | $119.70 | -1.44% | 35.45% | 76.66% | $22.8M | 6.07% | +31,510 | +18.0% |
| 7 | AVDE | AMERICAN CENTY ETF TR | $89.07 | -2.63% | 24.55% | 60.13% | $21.7M | 5.79% | +18,524 | +7.8% |
| 8 | EPD | ENTERPRISE PRODS PARTNERS L | $37.81 | -0.97% | 28.31% | 139.92% | $20.9M | 5.58% | +12,088 | +2.2% |
| 9 | AVDV | AMERICAN CENTY ETF TR | $105.99 | -3.19% | 39.79% | 90.17% | $17.2M | 4.57% | +15,357 | +9.8% |
| 10 | RGR | STURM RUGER & CO INC | $38.77 | -1.57% | 9.07% | -35.50% | $15.9M | 4.24% | +397,000 | NEW |
| 11 | BRK/A | BERKSHIRE HATHAWAY INC DEL | — | — | — | — | $15.8M | 4.21% | — | HELD |
| 12 | PAGP | PLAINS GP HLDGS L P | $24.46 | -1.33% | 42.49% | 236.18% | $6.2M | 1.65% | +26,000 | +11.4% |
| 13 | SPDW | SPDR INDEX SHS FDS | $49.33 | -3.71% | 26.64% | 54.23% | $4.1M | 1.10% | — | HELD |
| 14 | WFC 7.5 PERP L | WELLS FARGO & CO | — | — | — | — | $2.1M | 0.57% | — | HELD |
| 15 | TRP | TC ENERGY CORP | $68.68 | -0.39% | 38.48% | 78.83% | $1.7M | 0.45% | — | HELD |
| 16 | AAPL | APPLE INC | $307.34 | -1.25% | 51.31% | 116.17% | $1.4M | 0.38% | −955 | −14.6% |
| 17 | IEFA | ISHARES TR | $95.56 | -2.60% | 18.86% | 46.61% | $1.1M | 0.30% | −4,183 | −25.1% |
| 18 | VIG | VANGUARD SPECIALIZED FUNDS | $233.28 | -1.37% | 18.28% | 59.52% | $950K | 0.25% | — | HELD |
| 19 | BAC 7.25 PERP L | BANK AMERICA CORP | — | — | — | — | $549K | 0.15% | −6 | −1.3% |
| 20 | BX | BLACKSTONE INC | $115.35 | -2.70% | -14.89% | 18.68% | $320K | 0.09% | −168 | −5.7% |
| 21 | UNP | UNION PAC CORP | $272.32 | 3.19% | 24.65% | 39.36% | $307K | 0.08% | — | HELD |
| 22 | CG | CARLYLE GROUP INC | $43.48 | -0.11% | -3.58% | 1.01% | — | — | −54,921 | EXITED |
Source: SEC EDGAR · accession 0001631084-26-000002. 13F discloses long positions only — shorts, foreign equities, and options are excluded.