Sterling Investment Management, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 22, 2024), Sterling Investment Management, LLC reported 62 stock positions worth $141.8 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 7.5% of the portfolio, followed by Berkshire Hathaway Class A (BRK.A, 7.2%) and SS SPDR BB 1-3M T-Bill ETF (BIL, 7.1%). Compared with Q4 2023, it opened 1 new position, sold out of 3, added to 19 and reduced 39. The biggest buy was Berkshire Hathaway Class A (BRK.A, shares +14%) and the biggest sale an exit from Schwab (charles) (SCHW).
- Most Recent 13F
- Q2 2026
- Location
- TUCSON, AZ
- CIK
- 0001509873
- Portfolio Value
- $141.8M (Q1 2024)
- SEC Filing
- 0001509873-24-000003 ↗ filed Apr 22, 2024
Holdings Value
Holdings 62 stocks · $141.8M
| BRK.B Berkshire Hathaway Inc. Class B | 7.49% | 25,267 | $10.6M | Reduce -0.1% |
| BRK.A Berkshire Hathaway Inc. Class A | 7.16% | 16 | $10.2M | Add +14.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 7.09% | 109,481 | $10.1M | Reduce -5.9% |
| GLD SPDR Gold Shares | 5.57% | 38,406 | $7.9M | Reduce -1.2% |
| BND Vanguard Total Bond Market | 5.50% | 107,467 | $7.8M | Reduce -2.0% |
| PROSHARES SHORT S&P500 | 3.94% | 471,752 | $5.6M | Reduce -1.6% |
| CP Canadian Pacific Kansas City | 3.88% | 62,455 | $5.5M | Reduce -1.7% |
| OXY Occidental Petroleum Corp. | 3.77% | 82,236 | $5.3M | Add +16.6% |
| MSFT Microsoft Corp. | 3.23% | 10,887 | $4.6M | Reduce -0.2% |
| ABBV Abbvie Inc. | 2.59% | 20,174 | $3.7M | Reduce -1.4% |
| TMO Thermo Fisher Scientific Inc. | 2.56% | 6,251 | $3.6M | Reduce -0.5% |
| CNI Canadian Natl Railway Co. | 2.46% | 26,524 | $3.5M | Reduce -0.8% |
| AAPL Apple Inc. | 2.25% | 18,618 | $3.2M | Reduce -1.6% |
| PXD Pioneer Natural Resources Co. | 2.12% | 11,443 | $3.0M | Reduce -0.6% |
| JNJ Johnson & Johnson | 1.91% | 17,140 | $2.7M | Reduce -0.1% |
| CMCSA Comcast Corp. Class A | 1.90% | 62,004 | $2.7M | Reduce -0.6% |
| CVX Chevron Corp. | 1.86% | 16,688 | $2.6M | Reduce -0.0% |
| UNH Unitedhealth Group Inc. | 1.84% | 5,264 | $2.6M | Add +0.0% |
| CCJ Cameco Corp. | 1.79% | 58,451 | $2.5M | Add +0.8% |
| SPGI S&P Global Inc. | 1.76% | 5,874 | $2.5M | Add +1.8% |
| WMT Walmart Inc. | 1.55% | 36,606 | $2.2M | Reduce -0.6% |
| GOOG Alphabet Inc. Class C | 1.51% | 14,045 | $2.1M | Add +0.3% |
| VWO Vanguard Ftse Emerging Marke | 1.49% | 50,503 | $2.1M | Reduce -3.4% |
| GS Goldman Sachs Group Inc. | 1.45% | 4,926 | $2.1M | Reduce -1.5% |
| ELV Elevance Health Inc. | 1.44% | 3,951 | $2.0M | Add +0.1% |
| MCO Moody's Corp. | 1.28% | 4,605 | $1.8M | Add +3.2% |
| AVB Avalonbay Communities Inc. | 1.18% | 9,038 | $1.7M | Add +4.1% |
| WM Waste Management Inc. | 1.15% | 7,655 | $1.6M | Reduce -1.3% |
| INDA iShares MSCI India ETF | 1.04% | 28,585 | $1.5M | Reduce -2.0% |
| WFC Wells Fargo & Co. | 1.04% | 25,337 | $1.5M | Reduce -1.9% |
| V Visa Inc. Class A | 1.03% | 5,256 | $1.5M | Add +3.7% |
| CHTR Charter Communications Inc. Class A | 0.99% | 4,835 | $1.4M | Reduce -1.7% |
| RSG Republic Services Inc. | 0.97% | 7,181 | $1.4M | Reduce -1.6% |
| QCOM Qualcomm Inc. | 0.96% | 8,027 | $1.4M | Reduce -2.6% |
| SCHZ Schwab US Aggregate Bond ETF | 0.93% | 28,802 | $1.3M | Reduce -0.9% |
| AMLP Alerian MLP ETF | 0.82% | 24,419 | $1.2M | Add +5.2% |
| DHR Danaher Corp. | 0.80% | 4,525 | $1.1M | Add +0.3% |
| BMY Bristol-Myers Squibb Co. | 0.78% | 20,343 | $1.1M | Reduce -2.1% |
| JD Jd.com Inc.-ADR | 0.77% | 39,895 | $1.1M | Add +313.6% |
| XLK SS Technology Select Sector | 0.71% | 4,818 | $1.0M | Reduce -0.2% |
| BA The Boeing Co. | 0.69% | 5,081 | $981K | New |
| BTI British American Tob-SP ADR | 0.69% | 31,960 | $975K | Reduce -2.2% |
| VGSH Vanguard Short-Term Treasury | 0.69% | 16,754 | $973K | Reduce -10.2% |
| VEA Vanguard Ftse Developed ETF | 0.68% | 19,354 | $971K | Reduce -13.2% |
| LBTYA Liberty Global Ltd. Class A | 0.62% | 51,615 | $873K | Reduce -1.8% |
| BABA Alibaba Group Holding-SP ADR | 0.36% | 7,115 | $515K | Add +92.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.36% | 1,960 | $509K | No change |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.34% | 19,035 | $481K | Add +1.7% |
| XLF SS Financial Select Sector | 0.34% | 11,405 | $480K | Reduce -1.9% |
| XLV SS Health Care Select Sector | 0.33% | 3,180 | $470K | Reduce -2.1% |
| XLY SS Consumer Disc Select Sect | 0.26% | 1,979 | $364K | Reduce -3.4% |
| SCHF Schwab Intl Equity ETF | 0.23% | 8,500 | $332K | Add +14.0% |
| PG The Procter & Gamble Co. | 0.23% | 1,980 | $321K | Add +2.7% |
| XLC SS Comm Select Sector SPDR | 0.22% | 3,796 | $310K | Reduce -8.8% |
| XLI SS Industrial Select Sector | 0.21% | 2,376 | $299K | Reduce -6.0% |
| JPM JPMorgan Chase & Co. | 0.20% | 1,398 | $280K | Add +5.1% |
| VOO Vanguard S&P 500 ETF | 0.19% | 565 | $272K | Reduce -50.2% |
| MRK Merck & Co. Inc. | 0.18% | 1,908 | $252K | Add +2.8% |
| NVDA Nvidia Corp. | 0.17% | 271 | $245K | Reduce -57.7% |
| PHO Invesco Water Resources ETF | 0.16% | 3,406 | $227K | No change |
| FDL First Trust Morn DVD Lead Inc. | 0.16% | 5,800 | $223K | No change |
| XLP SS Consumer Staples Sel Sect | 0.16% | 2,903 | $222K | Reduce -5.2% |
Portfolio Sells Q4 2023 → Q1 2024
| SCHW Schwab (charles) Corp. | Sold out | 0.00% | −1.59 |
| PROSHARES SHORT QQQ | Sold out | 0.00% | −1.24 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -5.9% | 7.09% | −0.72 |
| PROSHARES SHORT S&P500 | Reduce -1.6% | 3.94% | −0.62 |
| AAPL Apple Inc. | Reduce -1.6% | 2.25% | −0.42 |
| BND Vanguard Total Bond Market | Reduce -2.0% | 5.50% | −0.41 |
| CHTR Charter Communications Inc. Class A | Reduce -1.7% | 0.99% | −0.41 |
| VOO Vanguard S&P 500 ETF | Reduce -50.2% | 0.19% | −0.17 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Sold out | 0.00% | −0.16 |
| VGSH Vanguard Short-Term Treasury | Reduce -10.2% | 0.69% | −0.11 |
| CMCSA Comcast Corp. Class A | Reduce -0.6% | 1.90% | −0.11 |
| VEA Vanguard Ftse Developed ETF | Reduce -13.2% | 0.68% | −0.10 |
| VWO Vanguard Ftse Emerging Marke | Reduce -3.4% | 1.49% | −0.09 |
| LBTYA Liberty Global Ltd. Class A | Reduce -1.8% | 0.62% | −0.07 |
| JNJ Johnson & Johnson | Reduce -0.1% | 1.91% | −0.06 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -0.9% | 0.93% | −0.06 |
| NVDA Nvidia Corp. | Reduce -57.7% | 0.17% | −0.06 |
| BTI British American Tob-SP ADR | Reduce -2.2% | 0.69% | −0.01 |
| XLY SS Consumer Disc Select Sect | Reduce -3.4% | 0.26% | −0.01 |
| XLP SS Consumer Staples Sel Sect | Reduce -5.2% | 0.16% | −0.01 |
| INDA iShares MSCI India ETF | Reduce -2.0% | 1.04% | −0.00 |
| BMY Bristol-Myers Squibb Co. | Reduce -2.1% | 0.78% | −0.00 |
| XLC SS Comm Select Sector SPDR | Reduce -8.8% | 0.22% | −0.00 |
| XLI SS Industrial Select Sector | Reduce -6.0% | 0.21% | −0.00 |
| CNI Canadian Natl Railway Co. | Reduce -0.8% | 2.46% | +0.00 |
| XLV SS Health Care Select Sector | Reduce -2.1% | 0.33% | +0.01 |
| XLF SS Financial Select Sector | Reduce -1.9% | 0.34% | +0.02 |
| XLK SS Technology Select Sector | Reduce -0.2% | 0.71% | +0.03 |
| CVX Chevron Corp. | Reduce -0.0% | 1.86% | +0.03 |
| GS Goldman Sachs Group Inc. | Reduce -1.5% | 1.45% | +0.04 |
| QCOM Qualcomm Inc. | Reduce -2.6% | 0.96% | +0.08 |
| RSG Republic Services Inc. | Reduce -1.6% | 0.97% | +0.09 |
| WFC Wells Fargo & Co. | Reduce -1.9% | 1.04% | +0.10 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.5% | 2.56% | +0.12 |
| GLD SPDR Gold Shares | Reduce -1.2% | 5.57% | +0.12 |
| WM Waste Management Inc. | Reduce -1.3% | 1.15% | +0.13 |
| WMT Walmart Inc. | Reduce -0.6% | 1.55% | +0.13 |
| CP Canadian Pacific Kansas City | Reduce -1.7% | 3.88% | +0.20 |
| PXD Pioneer Natural Resources Co. | Reduce -0.6% | 2.12% | +0.22 |
| MSFT Microsoft Corp. | Reduce -0.2% | 3.23% | +0.22 |
| ABBV Abbvie Inc. | Reduce -1.4% | 2.59% | +0.26 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -0.1% | 7.49% | +0.87 |
Portfolio Buys Q4 2023 → Q1 2024
| BRK.A Berkshire Hathaway Inc. Class A | Add +14.3% | 7.16% | +1.59 |
| BA The Boeing Co. | New | 0.69% | +0.69 |
| OXY Occidental Petroleum Corp. | Add +16.6% | 3.77% | +0.68 |
| JD Jd.com Inc.-ADR | Add +313.6% | 0.77% | +0.57 |
| BABA Alibaba Group Holding-SP ADR | Add +92.2% | 0.36% | +0.15 |
| AMLP Alerian MLP ETF | Add +5.2% | 0.82% | +0.09 |
| ELV Elevance Health Inc. | Add +0.1% | 1.44% | +0.08 |
| V Visa Inc. Class A | Add +3.7% | 1.03% | +0.07 |
| GOOG Alphabet Inc. Class C | Add +0.3% | 1.51% | +0.06 |
| SCHF Schwab Intl Equity ETF | Add +14.0% | 0.23% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +5.1% | 0.20% | +0.03 |
| DHR Danaher Corp. | Add +0.3% | 0.80% | +0.03 |
| MRK Merck & Co. Inc. | Add +2.8% | 0.18% | +0.03 |
| PG The Procter & Gamble Co. | Add +2.7% | 0.23% | +0.02 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +1.7% | 0.34% | −0.00 |
| MCO Moody's Corp. | Add +3.2% | 1.28% | −0.00 |
| AVB Avalonbay Communities Inc. | Add +4.1% | 1.18% | −0.01 |
| CCJ Cameco Corp. | Add +0.8% | 1.79% | −0.05 |
| SPGI S&P Global Inc. | Add +1.8% | 1.76% | −0.10 |
| UNH Unitedhealth Group Inc. | Add +0.0% | 1.84% | −0.20 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 66 | $182.3M | VMBS, BRK.B, GLD, GE, JAAA |
| Q1 2026 | 65 | $166.7M | VMBS, GLD, BRK.B, SPGI, GE |
| Q4 2025 | 69 | $176.3M | VMBS, BRK.B, GLD, GE, GOOG |
| Q3 2025 | 66 | $166.5M | VMBS, BRK.B, GLD, BIL, SPGI |
| Q2 2025 | 56 | $151.0M | BRK.B, GLD, VMBS, BIL, CNI |
| Q1 2025 | 54 | $140.5M | BRK.B, VMBS, GLD, BIL, BRK.A |
| Q4 2024 | 56 | $127.4M | BRK.B, GLD, BIL, GOOG, BRK.A |
| Q3 2024 | 57 | $131.8M | BRK.B, BIL, GLD, BND, BRK.A |
| Q2 2024 | 58 | $131.6M | BRK.B, BIL, GLD, BND, MSFT |
| Q1 2024 | 62 | $141.8M | BRK.B, BRK.A, BIL, GLD, BND |