JRM Investment Counsel, LLC
•CIK: 1631084•Filing: Q4 2025
**JRM Investment Counsel, LLC** manages $346M across a concentrated portfolio of 21 positions. The fund exhibits a significant overweight to defensive and value-oriented sectors, highlighted by the top holding in Berkshire Hathaway Class B at $101.1M. Further allocations include substantial positions in international equity (VEA at $39.5M) and various asset-diversifying vehicles such as AVLV ($37.8M) and AVUS ($35.9M). This structure suggests a disciplined, value-tilted approach emphasizing established market leaders and broad global exposure.
Total AUM
$345.7M
QoQ Performance
+3.5%
Positions
15
Top 10 Concentration
93.9%
Latest Filing
Q4 2025
Top Holdings Allocation
BRK/B
VEA
AVLV
AVUS
AVEM
AVDE
AVUV
EPD
BRK/B29.2%
VEA11.4%
AVLV10.9%
AVUS10.4%
AVEM7.1%
AVDE5.7%
AVUV5.2%
EPD5.0%
📈 Biggest Buys
📉 Biggest Sells
BAC 7.25 PERP L
BANK AMERICA CORP
-17.9%
0.2% of portfolio
AAPL
APPLE INC
-3.9%
0.5% of portfolio
BX
BLACKSTONE INC
-12.7%
0.1% of portfolio
WFC 7.5 PERP L
WELLS FARGO CO NEW
-2.1%
0.6% of portfolio
Sector Breakdown
Other65.4%
Financial34.0%
Technology0.5%
Industrial0.1%
Changes from Q3 2025
↑13 increased
↓4 decreased
Historical Filings
Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023