Filed: 11/12/2025ACC: 0001631084-25-000006
📋 What this filing means
JRM INVESTMENT COUNSEL, LLC filed this quarterly 13F‑HR report disclosing 21 equity positions with a total reported market value of $334.06M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
21
Positions
$334.06M
Total AUM (reported)
3.47M
Total Shares
Allocation by class
CL B NEW$99.96M29.9%
VAN FTSE DEV MKT$37.12M11.1%
US LARGE CAP VLU$35.22M10.5%
US EQT ETF$34.84M10.4%
COM$24.18M7.2%
AVANTIS EMGMKT$23.42M7.0%
INTL EQT ETF$18.38M5.5%
Portfolio Concentration
Top 3$172.30M51.6%
4–10$140.88M42.2%
11–25$20.88M6.3%
Top 3 weight
51.6%
Top 10 weight
93.7%
Voting Authority Distribution
Total shares with voting rights: 3.47M
Sole
Full voting authority
0.00
shares
% of voting shares0.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
3.47M
shares
% of voting shares100.0%
Investment Discretion (by position count)
Sole21
Shared0
Other0
Dominant voting typeNone · 100.0% of voting shares
Institutional Holdings21
Rows:
BERKSHIRE HATHAWAY INC DEL
SOLEShares198.83K
TypeSH
Market value$99.96M
29.92%
Sole
0.00
Shared
0.00
None
198.83K
VANGUARD TAX-MANAGED FDS
SOLEShares619.54K
TypeSH
Market value$37.12M
11.11%
Sole
0.00
Shared
0.00
None
619.54K
AMERICAN CENTY ETF TR
SOLEShares487.35K
TypeSH
Market value$35.22M
10.54%
Sole
0.00
Shared
0.00
None
487.35K
AMERICAN CENTY ETF TR
SOLEShares320.47K
TypeSH
Market value$34.84M
10.43%
Sole
0.00
Shared
0.00
None
320.47K
AMERICAN CENTY ETF TR
SOLEShares311.84K
TypeSH
Market value$23.42M
7.01%
Sole
0.00
Shared
0.00
None
311.84K
AMERICAN CENTY ETF TR
SOLEShares232.92K
TypeSH
Market value$18.38M
5.50%
Sole
0.00
Shared
0.00
None
232.92K
AMERICAN CENTY ETF TR
SOLEShares173.50K
TypeSH
Market value$17.27M
5.17%
Sole
0.00
Shared
0.00
None
173.50K
ENTERPRISE PRODS PARTNERS L
SOLEShares533.94K
TypeSH
Market value$16.70M
5.00%
Sole
0.00
Shared
0.00
None
533.94K
BERKSHIRE HATHAWAY INC DEL
SOLEShares22.00
TypeSH
Market value$16.59M
4.97%
Sole
0.00
Shared
0.00
None
22.00
AMERICAN CENTY ETF TR
SOLEShares153.72K
TypeSH
Market value$13.69M
4.10%
Sole
0.00
Shared
0.00
None
153.72K
PLAINS GP HLDGS L P
SOLEShares229K
TypeSH
Market value$4.18M
1.25%
Sole
0.00
Shared
0.00
None
229K
SPDR INDEX SHS FDS
SOLEShares88.91K
TypeSH
Market value$3.80M
1.14%
Sole
0.00
Shared
0.00
None
88.91K
CARLYLE GROUP INC
SOLEShares54.24K
TypeSH
Market value$3.40M
1.02%
Sole
0.00
Shared
0.00
None
54.24K
WELLS FARGO CO NEW
SOLEShares1.89K
TypeSH
Market value$2.33M
0.70%
Sole
0.00
Shared
0.00
None
1.89K
APPLE INC
SOLEShares6.81K
TypeSH
Market value$1.73M
0.52%
Sole
0.00
Shared
0.00
None
6.81K
TC ENERGY CORP
SOLEShares27K
TypeSH
Market value$1.47M
0.44%
Sole
0.00
Shared
0.00
None
27K
ISHARES TR
SOLEShares16.46K
TypeSH
Market value$1.44M
0.43%
Sole
0.00
Shared
0.00
None
16.46K
VANGUARD SPECIALIZED FUNDS
SOLEShares4.27K
TypeSH
Market value$922.3K
0.28%
Sole
0.00
Shared
0.00
None
4.27K
BANK AMERICA CORP
SOLEShares569.00
TypeSH
Market value$728.9K
0.22%
Sole
0.00
Shared
0.00
None
569.00
BLACKSTONE INC
SOLEShares3.38K
TypeSH
Market value$578.2K
0.17%
Sole
0.00
Shared
0.00
None
3.38K
UNION PAC CORP
SOLEShares1.26K
TypeSH
Market value$299.0K
0.09%
Sole
0.00
Shared
0.00
None
1.26K
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
BERKSHIRE HATHAWAY INC DELSOLE | CL B NEW | 198.83K | SH | $99.96M 29.92% | 0.00 | 0.00 | 198.83K |
VANGUARD TAX-MANAGED FDSSOLE | VAN FTSE DEV MKT | 619.54K | SH | $37.12M 11.11% | 0.00 | 0.00 | 619.54K |
AMERICAN CENTY ETF TRSOLE | US LARGE CAP VLU | 487.35K | SH | $35.22M 10.54% | 0.00 | 0.00 | 487.35K |
AMERICAN CENTY ETF TRSOLE | US EQT ETF | 320.47K | SH | $34.84M 10.43% | 0.00 | 0.00 | 320.47K |
AMERICAN CENTY ETF TRSOLE | AVANTIS EMGMKT | 311.84K | SH | $23.42M 7.01% | 0.00 | 0.00 | 311.84K |
AMERICAN CENTY ETF TRSOLE | INTL EQT ETF | 232.92K | SH | $18.38M 5.50% | 0.00 | 0.00 | 232.92K |
AMERICAN CENTY ETF TRSOLE | US SML CP VALU | 173.50K | SH | $17.27M 5.17% | 0.00 | 0.00 | 173.50K |
ENTERPRISE PRODS PARTNERS LSOLE | COM | 533.94K | SH | $16.70M 5.00% | 0.00 | 0.00 | 533.94K |
BERKSHIRE HATHAWAY INC DELSOLE | CL A | 22.00 | SH | $16.59M 4.97% | 0.00 | 0.00 | 22.00 |
AMERICAN CENTY ETF TRSOLE | INTL SMCP VLU | 153.72K | SH | $13.69M 4.10% | 0.00 | 0.00 | 153.72K |
PLAINS GP HLDGS L PSOLE | LTD PARTNR INT A | 229K | SH | $4.18M 1.25% | 0.00 | 0.00 | 229K |
SPDR INDEX SHS FDSSOLE | PORTFOLIO DEVLPD | 88.91K | SH | $3.80M 1.14% | 0.00 | 0.00 | 88.91K |
CARLYLE GROUP INCSOLE | COM | 54.24K | SH | $3.40M 1.02% | 0.00 | 0.00 | 54.24K |
WELLS FARGO CO NEWSOLE | PERP PFD CNV A | 1.89K | SH | $2.33M 0.70% | 0.00 | 0.00 | 1.89K |
APPLE INCSOLE | COM | 6.81K | SH | $1.73M 0.52% | 0.00 | 0.00 | 6.81K |
TC ENERGY CORPSOLE | COM | 27K | SH | $1.47M 0.44% | 0.00 | 0.00 | 27K |
ISHARES TRSOLE | CORE MSCI EAFE | 16.46K | SH | $1.44M 0.43% | 0.00 | 0.00 | 16.46K |
VANGUARD SPECIALIZED FUNDSSOLE | DIV APP ETF | 4.27K | SH | $922.3K 0.28% | 0.00 | 0.00 | 4.27K |
BANK AMERICA CORPSOLE | 7.25%CNV PFD L | 569.00 | SH | $728.9K 0.22% | 0.00 | 0.00 | 569.00 |
BLACKSTONE INCSOLE | COM | 3.38K | SH | $578.2K 0.17% | 0.00 | 0.00 | 3.38K |
UNION PAC CORPSOLE | COM | 1.26K | SH | $299.0K 0.09% | 0.00 | 0.00 | 1.26K |