1y return+18.3%S&P 500 +20.9%
3y return+53.9%S&P 500 +68.5%
5y return+52.1%S&P 500 +74.5%
10y return+154.7%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $255 against $357 in the S&P 500.2
JRM Investment Counsel, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| BRK/BBerkshire Hathaway Inc Del | $101.3M | 24.5% | |
| AVLVAmerican Centy Etf Tr | $49.4M | 12.0% | +1.8% |
| VEAVanguard Tax-managed Fds | $44.1M | 10.7% | −2.1% |
| AVUSAmerican Centy Etf Tr | $38.6M | 9.3% | −2.9% |
| AVEMAmerican Centy Etf Tr | $32.6M | 7.9% | |
| AVUVAmerican Centy Etf Tr | $26.9M | 6.5% | +4.6% |
| AVDEAmerican Centy Etf Tr | $23.2M | 5.6% | +1.5% |
| RGRSturm Ruger & Co Inc | $23.1M | 5.6% | +53.7% |
| EPDEnterprise Prods Partners L | $20.2M | 4.9% | |
| AVDVAmerican Centy Etf Tr | $18.1M | 4.4% | +1.9% |
| BRK/ABerkshire Hathaway Inc Del | $16.5M | 4.0% | |
| PAGPPlains Gp Hldgs L P | $6.2M | 1.5% | |
| SPDWSpdr Index Shs Fds | $4.2M | 1.0% | −6.9% |
| Wells Fargo & CoCUSIP 949746804 | $2.2M | 0.5% | +1.7% |
| TRPTc Energy Corp | $1.8M | 0.4% | |
| AAPLApple Inc | $1.4M | 0.3% | −11.1% |
| IEFAIshares Tr | $1.2M | 0.3% | |
| VIGVanguard Specialized Funds | $1.0M | 0.2% | −1.6% |
| Bank Of Amer CorpCUSIP 060505682 | $584K | 0.1% | +1.1% |
| UNPUnion Pac Corp | $344K | 0.1% | |
| BXBlackstone Inc | $323K | 0.1% | −1.6% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| AAPLApple Inc | June 30, 2020 | +217.3% | $1.4M |
| BRK/BBerkshire Hathaway Inc Del | June 30, 2020 | +180.3% | $101.3M |
| BRK/ABerkshire Hathaway Inc Del | June 30, 2020 | +180.2% | $16.5M |
| AVDVAmerican Centy Etf Tr | September 30, 2022 | +116.9% | $18.1M |
| BXBlackstone Inc | June 30, 2020 | +107.7% | $323K |
| AVUSAmerican Centy Etf Tr | September 30, 2022 | +105.4% | $38.6M |
| AVLVAmerican Centy Etf Tr | September 30, 2022 | +105.3% | $49.4M |
| EPDEnterprise Prods Partners L | June 30, 2020 | +102.3% | $20.2M |
| VIGVanguard Specialized Funds | June 30, 2020 | +101.9% | $1.0M |
| AVUVAmerican Centy Etf Tr | September 30, 2022 | +88.6% | $26.9M |
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +8.0% | +14.8% |
| March 31, 2026 | +1.6% | −4.6% |
| December 31, 2025 | +2.2% | +2.4% |
| September 30, 2025 | +5.5% | +7.8% |
| June 30, 2025 | −0.0% | +10.5% |
| March 31, 2025 | +5.9% | −4.6% |
| December 31, 2024 | −1.6% | +2.1% |
| September 30, 2024 | +8.8% | +5.4% |
| June 30, 2024 | −1.6% | +4.0% |
| March 31, 2024 | +9.6% | +10.0% |
| December 31, 2023 | +6.3% | +11.2% |
| September 30, 2023 | +0.1% | −3.6% |
| June 30, 2023 | +5.5% | +8.3% |
| March 31, 2023 | +1.0% | +7.0% |
| December 31, 2022 | +7.1% | +7.1% |
| September 30, 2022 | −5.7% | −5.3% |
| June 30, 2022 | −17.2% | −16.5% |
| March 31, 2022 | +3.7% | −4.9% |
| December 31, 2021 | +7.4% | +10.7% |
| September 30, 2021 | −0.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: JRM Investment Counsel, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1631084&type=13F-HR&dateb=&owner=include&count=40CIK 1631084
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1631084/000163108426000003/Filed August 13, 2026 · accession 0001631084-26-000003