JRM Investment Counsel, LLC's Q3-Q4 2022 Holdings Comparison: Insights and Implications

JRM Investment Counsel, LLC recently released its 13F holdings comparison for Q3 2022 and Q4 2022. The report analyzes the changes in holdings of the fund during this period across various companies and sectors. This blog post will summarize the findings of the report and discuss the implications of the changes in the holdings on the fund and the market.

The report shows that the total value of JRM Investment Counsel, LLC's holdings increased from $303,649,000 in Q3 2022 to $313,589,000 in Q4 2022. This represents a 3.27% increase in value. The number of shares held by the fund also increased from 3,264,314 to 3,242,577 during the same period.

Berkshire Hathaway Inc. was the largest holding of the fund in both Q3 2022 and Q4 2022. The fund held 216,730 shares of BRK-B in Q3 2022, which increased by 843 shares to 217,573 shares in Q4 2022. The value of the holding also increased from $57,871,000 in Q3 2022 to $67,208,000 in Q4 2022, representing a 16.1% increase in value.

The second-largest holding of the fund was Schwab Strategic Trust in both quarters. The fund held 284,892 shares of SCHD in Q3 2022, which increased by 12,368 shares to 297,260 shares in Q4 2022. The value of the holding also increased from $18,925,000 in Q3 2022 to $22,455,000 in Q4 2022, representing an 18.7% increase in value.

The report also shows that the fund reduced its holdings in some companies. Vanguard Tax-Managed Funds was the third-largest holding of the fund in Q3 2022, with 545,030 shares held. However, in Q4 2022, the fund reduced its holding to 430,823 shares, representing an 8.8% decrease in the number of shares held. The value of the holding also decreased from $19,817,000 in Q3 2022 to $18,081,000 in Q4 2022, representing a 8.8% decrease in value.

The fund also reduced its holdings in Wells Fargo & Co New. The number of shares held decreased from 14,202 in Q3 2022 to 10,633 in Q4 2022, representing a 26.3% decrease in the number of shares held. The value of the holding also decreased from $17,099,000 in Q3 2022 to $12,600,000 in Q4 2022, representing a 26.3% decrease in value.

The fund increased its holdings in American Century ETF Trust for some options. The number of shares held for American Century ETF Trust options AVUV, AVDV, and AVUS increased by 31,981, 59,578, and 20,279 shares, respectively, during the quarter. The value of these holdings also increased by 40.6%, 88.8%, and -5.1%, respectively.

In conclusion, JRM Investment Counsel, LLC's 13F holdings comparison for Q3 2022 and Q4 2022 shows that the fund increased its holdings in some companies while reducing its holdings in others. The report provides insights into the investment strategies of the fund, and investors can use this information to make informed investment decisions. It is important to note that 13F reports show a snapshot of a fund's holdings at a particular point in time and may not represent the fund's current holdings. Therefore, investors should research, analyze and evaluate the funds' investment strategies before investing in any fund.