Sterling Investment Management, LLC
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 26, 2024), Sterling Investment Management, LLC reported 58 stock positions worth $131.6 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 12.0% of the portfolio, followed by SS SPDR BB 1-3M T-Bill ETF (BIL, 7.0%) and SPDR Gold Shares (GLD, 5.9%). Compared with Q1 2024, it opened 3 new positions, sold out of 7, added to 13 and reduced 35. The biggest buy was Berkshire Hathaway Class B (BRK.B, shares +54%) and the biggest sale Berkshire Hathaway Class A (BRK.A, shares −56%).
- Most Recent 13F
- Q2 2026
- Location
- TUCSON, AZ
- CIK
- 0001509873
- Portfolio Value
- $131.6M (Q2 2024)
- SEC Filing
- 0001509873-24-000004 ↗ filed Jul 26, 2024
Holdings Value
Holdings 58 stocks · $131.6M
| BRK.B Berkshire Hathaway Inc. Class B | 12.04% | 38,936 | $15.8M | Add +54.1% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 7.04% | 100,936 | $9.3M | Reduce -7.8% |
| GLD SPDR Gold Shares | 5.91% | 36,193 | $7.8M | Reduce -5.8% |
| BND Vanguard Total Bond Market | 5.58% | 101,873 | $7.3M | Reduce -5.2% |
| MSFT Microsoft Corp. | 3.38% | 9,946 | $4.4M | Reduce -8.6% |
| OXY Occidental Petroleum Corp. | 3.34% | 69,644 | $4.4M | Reduce -15.3% |
| BRK.A Berkshire Hathaway Inc. Class A | 3.26% | 7 | $4.3M | Reduce -56.3% |
| PROSHARES SHORT S&P500 | 3.25% | 375,130 | $4.3M | Reduce -20.5% |
| CP Canadian Pacific Kansas City | 3.24% | 54,098 | $4.3M | Reduce -13.4% |
| AAPL Apple Inc. | 2.84% | 17,747 | $3.7M | Reduce -4.7% |
| CNI Canadian Natl Railway Co. | 2.78% | 30,950 | $3.7M | Add +16.7% |
| GOOG Alphabet Inc. Class C | 2.20% | 15,805 | $2.9M | Add +12.5% |
| ABBV Abbvie Inc. | 2.09% | 16,001 | $2.7M | Reduce -20.7% |
| TMO Thermo Fisher Scientific Inc. | 2.08% | 4,946 | $2.7M | Reduce -20.9% |
| XOM Exxon Mobil Corp. | 2.02% | 23,139 | $2.7M | New |
| SPGI S&P Global Inc. | 1.97% | 5,798 | $2.6M | Reduce -1.3% |
| CCJ Cameco Corp. | 1.89% | 50,507 | $2.5M | Reduce -13.6% |
| MCO Moody's Corp. | 1.83% | 5,721 | $2.4M | Add +24.2% |
| VWO Vanguard Ftse Emerging Marke | 1.81% | 54,415 | $2.4M | Add +7.8% |
| UNH Unitedhealth Group Inc. | 1.80% | 4,656 | $2.4M | Reduce -11.6% |
| WMT Walmart Inc. | 1.76% | 34,203 | $2.3M | Reduce -6.6% |
| V Visa Inc. Class A | 1.61% | 8,068 | $2.1M | Add +53.5% |
| JNJ Johnson & Johnson | 1.61% | 14,474 | $2.1M | Reduce -15.6% |
| CVX Chevron Corp. | 1.60% | 13,455 | $2.1M | Reduce -19.4% |
| GS Goldman Sachs Group Inc. | 1.57% | 4,582 | $2.1M | Reduce -7.0% |
| AVB Avalonbay Communities Inc. | 1.42% | 9,038 | $1.9M | No change |
| CMCSA Comcast Corp. Class A | 1.36% | 45,784 | $1.8M | Reduce -26.2% |
| BA The Boeing Co. | 1.19% | 8,639 | $1.6M | Add +70.0% |
| QCOM Qualcomm Inc. | 1.16% | 7,654 | $1.5M | Reduce -4.7% |
| WM Waste Management Inc. | 1.14% | 7,014 | $1.5M | Reduce -8.4% |
| INDA iShares MSCI India ETF | 1.14% | 26,779 | $1.5M | Reduce -6.3% |
| SCHZ Schwab US Aggregate Bond ETF | 1.02% | 29,521 | $1.3M | Add +2.5% |
| PSQ Proshares Short QQQ | 1.01% | 32,909 | $1.3M | New |
| RSG Republic Services Inc. | 1.00% | 6,756 | $1.3M | Reduce -5.9% |
| BABA Alibaba Group Holding-SP ADR | 0.98% | 17,885 | $1.3M | Add +151.4% |
| DHR Danaher Corp. | 0.86% | 4,525 | $1.1M | No change |
| AMLP Alerian MLP ETF | 0.85% | 23,320 | $1.1M | Reduce -4.5% |
| WFC Wells Fargo & Co. | 0.77% | 17,131 | $1.0M | Reduce -32.4% |
| XLK SS Technology Select Sector | 0.74% | 4,296 | $972K | Reduce -10.8% |
| JD Jd.com Inc.-ADR | 0.70% | 35,503 | $917K | Reduce -11.0% |
| GE General Electric filed as GE AEROSPACE | 0.68% | 5,591 | $889K | New |
| VEA Vanguard Ftse Developed ETF | 0.67% | 17,714 | $875K | Reduce -8.5% |
| BTI British American Tob-SP ADR | 0.65% | 27,591 | $853K | Reduce -13.7% |
| VGSH Vanguard Short-Term Treasury | 0.63% | 14,285 | $828K | Reduce -14.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.40% | 1,960 | $524K | No change |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.39% | 19,138 | $508K | Add +0.5% |
| XLF SS Financial Select Sector | 0.31% | 9,860 | $405K | Reduce -13.6% |
| XLV SS Health Care Select Sector | 0.30% | 2,720 | $396K | Reduce -14.5% |
| NVDA Nvidia Corp. | 0.26% | 2,822 | $349K | Add +4.1% |
| SCHF Schwab Intl Equity ETF | 0.25% | 8,572 | $329K | Add +0.8% |
| PG The Procter & Gamble Co. | 0.25% | 1,981 | $327K | Add +0.1% |
| XLY SS Consumer Disc Select Sect | 0.24% | 1,727 | $315K | Reduce -12.7% |
| XLC SS Comm Select Sector SPDR | 0.22% | 3,395 | $291K | Reduce -10.6% |
| JPM JPMorgan Chase & Co. | 0.21% | 1,398 | $283K | No change |
| XLI SS Industrial Select Sector | 0.21% | 2,315 | $282K | Reduce -2.6% |
| MRK Merck & Co. Inc. | 0.18% | 1,908 | $236K | No change |
| PHO Invesco Water Resources ETF | 0.17% | 3,406 | $221K | No change |
| FDL First Trust Morn DVD Lead Inc. | 0.17% | 5,800 | $220K | No change |
Portfolio Sells Q1 2024 → Q2 2024
| BRK.A Berkshire Hathaway Inc. Class A | Reduce -56.3% | 3.26% | −3.90 |
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −2.12 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −1.44 |
| CHTR Charter Communications Inc. Class A | Sold out | 0.00% | −0.99 |
| BMY Bristol-Myers Squibb Co. | Sold out | 0.00% | −0.78 |
| PROSHARES SHORT S&P500 | Reduce -20.5% | 3.25% | −0.69 |
| CP Canadian Pacific Kansas City | Reduce -13.4% | 3.24% | −0.65 |
| LBTYA Liberty Global Ltd. Class A | Sold out | 0.00% | −0.62 |
| CMCSA Comcast Corp. Class A | Reduce -26.2% | 1.36% | −0.53 |
| ABBV Abbvie Inc. | Reduce -20.7% | 2.09% | −0.50 |
| TMO Thermo Fisher Scientific Inc. | Reduce -20.9% | 2.08% | −0.48 |
| OXY Occidental Petroleum Corp. | Reduce -15.3% | 3.34% | −0.43 |
| JNJ Johnson & Johnson | Reduce -15.6% | 1.61% | −0.30 |
| WFC Wells Fargo & Co. | Reduce -32.4% | 0.77% | −0.26 |
| CVX Chevron Corp. | Reduce -19.4% | 1.60% | −0.26 |
| VOO Vanguard S&P 500 ETF | Sold out | 0.00% | −0.19 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −0.16 |
| JD Jd.com Inc.-ADR | Reduce -11.0% | 0.70% | −0.07 |
| VGSH Vanguard Short-Term Treasury | Reduce -14.7% | 0.63% | −0.06 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -7.8% | 7.04% | −0.05 |
| BTI British American Tob-SP ADR | Reduce -13.7% | 0.65% | −0.04 |
| UNH Unitedhealth Group Inc. | Reduce -11.6% | 1.80% | −0.03 |
| XLF SS Financial Select Sector | Reduce -13.6% | 0.31% | −0.03 |
| XLV SS Health Care Select Sector | Reduce -14.5% | 0.30% | −0.03 |
| VEA Vanguard Ftse Developed ETF | Reduce -8.5% | 0.67% | −0.02 |
| XLY SS Consumer Disc Select Sect | Reduce -12.7% | 0.24% | −0.02 |
| WM Waste Management Inc. | Reduce -8.4% | 1.14% | −0.01 |
| XLC SS Comm Select Sector SPDR | Reduce -10.6% | 0.22% | +0.00 |
| XLI SS Industrial Select Sector | Reduce -2.6% | 0.21% | +0.00 |
| RSG Republic Services Inc. | Reduce -5.9% | 1.00% | +0.03 |
| XLK SS Technology Select Sector | Reduce -10.8% | 0.74% | +0.03 |
| AMLP Alerian MLP ETF | Reduce -4.5% | 0.85% | +0.03 |
| BND Vanguard Total Bond Market | Reduce -5.2% | 5.58% | +0.07 |
| INDA iShares MSCI India ETF | Reduce -6.3% | 1.14% | +0.10 |
| CCJ Cameco Corp. | Reduce -13.6% | 1.89% | +0.10 |
| GS Goldman Sachs Group Inc. | Reduce -7.0% | 1.57% | +0.12 |
| MSFT Microsoft Corp. | Reduce -8.6% | 3.38% | +0.15 |
| QCOM Qualcomm Inc. | Reduce -4.7% | 1.16% | +0.20 |
| SPGI S&P Global Inc. | Reduce -1.3% | 1.97% | +0.20 |
| WMT Walmart Inc. | Reduce -6.6% | 1.76% | +0.21 |
| GLD SPDR Gold Shares | Reduce -5.8% | 5.91% | +0.34 |
| AAPL Apple Inc. | Reduce -4.7% | 2.84% | +0.59 |
Portfolio Buys Q1 2024 → Q2 2024
| BRK.B Berkshire Hathaway Inc. Class B | Add +54.1% | 12.04% | +4.54 |
| XOM Exxon Mobil Corp. | New | 2.02% | +2.02 |
| PSQ Proshares Short QQQ | New | 1.01% | +1.01 |
| GOOG Alphabet Inc. Class C | Add +12.5% | 2.20% | +0.70 |
| GE General Electric | New | 0.68% | +0.68 |
| BABA Alibaba Group Holding-SP ADR | Add +151.4% | 0.98% | +0.62 |
| V Visa Inc. Class A | Add +53.5% | 1.61% | +0.57 |
| MCO Moody's Corp. | Add +24.2% | 1.83% | +0.55 |
| BA The Boeing Co. | Add +70.0% | 1.19% | +0.50 |
| VWO Vanguard Ftse Emerging Marke | Add +7.8% | 1.81% | +0.32 |
| CNI Canadian Natl Railway Co. | Add +16.7% | 2.78% | +0.32 |
| NVDA Nvidia Corp. | Add +4.1% | 0.26% | +0.09 |
| SCHZ Schwab US Aggregate Bond ETF | Add +2.5% | 1.02% | +0.09 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +0.5% | 0.39% | +0.05 |
| PG The Procter & Gamble Co. | Add +0.1% | 0.25% | +0.02 |
| SCHF Schwab Intl Equity ETF | Add +0.8% | 0.25% | +0.02 |
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 |