JRM Investment Counsel, LLC
Sector Allocation
- Other57.9%$239.4M
- Financials29.3%$120.9M
- Energy6.8%$28.2M
- Industrials5.7%$23.4M
- Technology0.3%$1.4M
AUM History
13fpro.ai/research/fund/jrm-investment-counsel-llc-1631084
Conviction and streaks
Stable · top 10 = 91.3%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
BRK.B
$101.3M- AMERICAN$49.4M
- VANGUARD$44.1M
- AMERICAN$38.6M
- AMERICAN$32.6M
- AMERICAN$26.9M
- AMERICAN$23.2M
RGR
$23.1MEPD
$20.2M- AMERICAN$18.1M
BRK.A
$16.5MPAGP
$6.2M- SPDR$4.2M
WFC
$2.2MTRP
$1.8MAAPL
$1.4M- ISHARES$1.2M
- VANGUARD$1.0M
BAC
$584KUNP
$344K
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/jrm-investment-counsel-llc-1631084
JRM Investment Counsel, LLC 13F holdings — Q2 2026
$413.3M portfolio (+10.1% QoQ) · 21 holdings · Q2 2026 13F · top 10 are 91% of the stock portfolio
$101.3M
24.5% of stocks
-0.2%This quarter—Since filed10+ qtrsHeld- 2
AMERICAN CENTY ETF TR - US LARGE CAP VLU
$49.4M
12.0% of stocks
+2%This quarter—Since filed—HeldAIQuality—Est. buy— - 3
VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT
$44.1M
10.7% of stocks
-2%This quarter—Since filed—HeldAIQuality—Est. buy— - 4
AMERICAN CENTY ETF TR - US EQT ETF
$38.6M
9.3% of stocks
-3%This quarter—Since filed—HeldAIQuality—Est. buy— - 5
AMERICAN CENTY ETF TR - AVANTIS EMGMKT
$32.6M
7.9% of stocks
+0.3%This quarter—Since filed—HeldAIQuality—Est. buy— - 6
AMERICAN CENTY ETF TR - US SML CP VALU
$26.9M
6.5% of stocks
+5%This quarter—Since filed—HeldAIQuality—Est. buy— - 7
AMERICAN CENTY ETF TR - INTL EQT ETF
$23.2M
5.6% of stocks
+1%This quarter—Since filed—HeldAIQuality—Est. buy— $23.1M
5.6% of stocks
+54%This quarter+20.9%Since filed2 qtrsHeldAIQuality49.4#1,685Est. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$20.2M
4.9% of stocks
-0.7%This quarter-2.7%Since filed10+ qtrsHeld- 10
AMERICAN CENTY ETF TR - INTL SMCP VLU
$18.1M
4.4% of stocks
+2%This quarter—Since filed—HeldAIQuality—Est. buy—
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | $101.3M | 24.5% | -0.2% | — | 10+ qtrs | 73.5#124 | Estimated buy price is Pro: unlock with a free trial | ||
| 2 | AMERICAN CENTY ETF TR - US LARGE CAP VLU | $49.4M | 12.0% | +2% | — | — | — | — | |
| 3 | VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT | $44.1M | 10.7% | -2% | — | — | — | — | |
| 4 | AMERICAN CENTY ETF TR - US EQT ETF | $38.6M | 9.3% | -3% | — | — | — | — | |
| 5 | AMERICAN CENTY ETF TR - AVANTIS EMGMKT | $32.6M | 7.9% | +0.3% | — | — | — | — | |
| 6 | AMERICAN CENTY ETF TR - US SML CP VALU | $26.9M | 6.5% | +5% | — | — | — | — | |
| 7 | AMERICAN CENTY ETF TR - INTL EQT ETF | $23.2M | 5.6% | +1% | — | — | — | — | |
| 8 | $23.1M | 5.6% | +54% | +20.9% | 2 qtrsAdded 2 qtrs in a row | 49.4#1,685 | Estimated buy price is Pro: unlock with a free trial | ||
| 9 | $20.2M | 4.9% | -0.7% | -2.7% | 10+ qtrs | 57.8#1,064 | Estimated buy price is Pro: unlock with a free trial | ||
| 10 | AMERICAN CENTY ETF TR - INTL SMCP VLU | $18.1M | 4.4% | +2% | — | — | — | — |
All holdings — JRM Investment Counsel, LLC (Q2 2026)
21 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | BERKSHIRE HATHAWAY INC | Financials | $16.5M | 4.0% | 22 | — | 10+ qtrs | 73.5 | 13F | |
| 12 | PLAINS GP HOLDINGS LP | Energy | $6.2M | 1.5% | 255K | — | 6 qtrs | 55.3 | 13F | |
| 13 | — | SPDR INDEX SHS FDS - ST STR PO EX ETFetf/fund | — | $4.2M | 1.0% | 84K | -7% | — | — | 13F |
| 14 | WELLS FARGO & COMPANY/MNpreferred | Financials | $2.2M | 0.5% | 1,881 | +2% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | TC ENERGY CORP | Energy | $1.8M | 0.4% | 27K | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | Apple Inc. | Technology | $1.4M | 0.3% | 4,971 | -11% | 10+ qtrsTrimmed 6 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | — | ISHARES TR - CORE MSCI EAFEetf/fund | — | $1.2M | 0.3% | 12K | +0.2% | — | — | 13F |
| 18 | — | VANGUARD SPECIALIZED FUNDS - DIV APP ETFetf/fund | — | $1.0M | 0.3% | 4,344 | -2% | — | — | 13F |
| 19 | BANK OF AMERICA CORP /DE/preferred | Financials | $584K | 0.1% | 466 | +1% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | UNION PACIFIC CORP | Industrials | $344K | 0.1% | 1,265 | — | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Blackstone Inc. | Financials | $323K | 0.1% | 2,741 | -2% | 10+ qtrsTrimmed 9 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F |
What changed in Q2 2026
Against the previous quarter's 13F: 0 new, 9 added to, 8 trimmed, 0 sold out. Share-count changes; largest moves by dollar size first.
New positions (0)
No new positions this quarter.
Added to (9)
now $23.1M · held 2 qtrs, 2 adds in a row
- AMERICAN CENTY ETF TR - US SML CP VALU+5%
now $26.9M
- AMERICAN CENTY ETF TR - US LARGE CAP VLU+2%
now $49.4M
- AMERICAN CENTY ETF TR - INTL EQT ETF+1%
now $23.2M
- AMERICAN CENTY ETF TR - INTL SMCP VLU+2%
now $18.1M
- AMERICAN CENTY ETF TR - AVANTIS EMGMKT+0.3%
now $32.6M
+3 more in the Excel export
Trimmed (8)
- AMERICAN CENTY ETF TR - US EQT ETF-3%
now $38.6M
- VANGUARD TAX-MANAGED FDS - VAN FTSE DEV MKT-2%
now $44.1M
- SPDR INDEX SHS FDS - ST STR PO EX ETF-7%
now $4.2M
now $101.3M · held 10+ qtrs
now $1.4M · held 10+ qtrs, 6 trims in a row
now $20.2M · held 10+ qtrs
+2 more in the Excel export
Sold out (0)
No positions sold out this quarter.
Holdings by quarter
Every 13F JRM Investment Counsel, LLC has filed, 39 earlier quarters. Pick one to see what it held then.
Is it too late to follow JRM Investment Counsel?
Q2 2026 13F filed with the SEC on Aug 13, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of JRM Investment Counsel's top 20 holdings: 68/100 (our AI quality score, weighted by position size; 10 of the 20 are scored)
Top 10 since filing
+9.0%
Value-weighted move of the 10 largest stock positions
Turnover
1%
Last quarter; 3% over the last 4
Top 10 weight
91%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
87%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
JRM Investment Counsel, LLC disclosed 21 positions worth $413.3M in its Form 13F-HR for Q2 2026, led by $BRK.B (BERKSHIRE HATHAWAY INC) at 24.5% of the equity portfolio. The portfolio is most concentrated in Other (57.9% of disclosed assets). All figures are sourced directly from JRM Investment Counsel, LLC’s Form 13F-HR filing with the SEC under CIK 1631084.
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