Sterling Investment Management, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 21, 2024), Sterling Investment Management, LLC reported 57 stock positions worth $131.8 million. Its top holding was Berkshire Hathaway Class B (BRK.B) at 12.1% of the portfolio, followed by SS SPDR BB 1-3M T-Bill ETF (BIL, 6.9%) and SPDR Gold Shares (GLD, 6.1%). Compared with Q2 2024, it opened 3 new positions, sold out of 4, added to 9 and reduced 39. The biggest buy was Alibaba Group Holding-SP ADR (BABA, shares +47%) and the biggest sale an exit from Proshares Short S&P500.
- Most Recent 13F
- Q2 2026
- Location
- TUCSON, AZ
- CIK
- 0001509873
- Portfolio Value
- $131.8M (Q3 2024)
- SEC Filing
- 0001509873-24-000007 ↗ filed Oct 21, 2024
Holdings Value
Holdings 57 stocks · $131.8M
| BRK.B Berkshire Hathaway Inc. Class B | 12.06% | 34,543 | $15.9M | Reduce -11.3% |
| BIL SS SPDR BB 1-3M T-Bill ETF | 6.89% | 98,940 | $9.1M | Reduce -2.0% |
| GLD SPDR Gold Shares | 6.11% | 33,113 | $8.0M | Reduce -8.5% |
| BND Vanguard Total Bond Market | 5.72% | 100,344 | $7.5M | Reduce -1.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 3.67% | 7 | $4.8M | No change |
| CP Canadian Pacific Kansas City | 3.29% | 50,627 | $4.3M | Reduce -6.4% |
| GOOG Alphabet Inc. Class C | 3.28% | 25,864 | $4.3M | Add +63.6% |
| CNI Canadian Natl Railway Co. | 3.22% | 36,279 | $4.3M | Add +17.2% |
| MSFT Microsoft Corp. | 3.06% | 9,360 | $4.0M | Reduce -5.9% |
| AAPL Apple Inc. | 2.99% | 16,888 | $3.9M | Reduce -4.8% |
| OXY Occidental Petroleum Corp. | 2.55% | 65,149 | $3.4M | Reduce -6.5% |
| V Visa Inc. Class A | 2.37% | 11,338 | $3.1M | Add +40.5% |
| ABBV Abbvie Inc. | 2.25% | 14,990 | $3.0M | Reduce -6.3% |
| TMO Thermo Fisher Scientific Inc. | 2.18% | 4,639 | $2.9M | Reduce -6.2% |
| SPGI S&P Global Inc. | 2.14% | 5,450 | $2.8M | Reduce -6.0% |
| BABA Alibaba Group Holding-SP ADR | 2.12% | 26,375 | $2.8M | Add +47.5% |
| WMT Walmart Inc. | 1.97% | 32,177 | $2.6M | Reduce -5.9% |
| MCO Moody's Corp. | 1.95% | 5,404 | $2.6M | Reduce -5.5% |
| UNH Unitedhealth Group Inc. | 1.94% | 4,381 | $2.6M | Reduce -5.9% |
| XOM Exxon Mobil Corp. | 1.93% | 21,688 | $2.5M | Reduce -6.3% |
| VWO Vanguard Ftse Emerging Marke | 1.93% | 53,109 | $2.5M | Reduce -2.4% |
| JD Jd.com Inc.-ADR | 1.80% | 59,360 | $2.4M | Add +67.2% |
| CCJ Cameco Corp. | 1.71% | 47,059 | $2.2M | Reduce -6.8% |
| JNJ Johnson & Johnson | 1.68% | 13,648 | $2.2M | Reduce -5.7% |
| GS Goldman Sachs Group Inc. | 1.62% | 4,318 | $2.1M | Reduce -5.8% |
| AVB Avalonbay Communities Inc. | 1.54% | 9,038 | $2.0M | No change |
| CMCSA Comcast Corp. Class A | 1.35% | 42,591 | $1.8M | Reduce -7.0% |
| INDA iShares MSCI India ETF | 1.10% | 24,837 | $1.5M | Reduce -7.3% |
| SCHZ Schwab US Aggregate Bond ETF | 1.07% | 29,617 | $1.4M | Add +0.3% |
| WM Waste Management Inc. | 1.04% | 6,625 | $1.4M | Reduce -5.5% |
| RSG Republic Services Inc. | 0.96% | 6,330 | $1.3M | Reduce -6.3% |
| DHR Danaher Corp. | 0.95% | 4,485 | $1.2M | Reduce -0.9% |
| BA The Boeing Co. | 0.94% | 8,144 | $1.2M | Reduce -5.7% |
| QCOM Qualcomm Inc. | 0.92% | 7,153 | $1.2M | Reduce -6.5% |
| AMLP Alerian MLP ETF | 0.77% | 21,622 | $1.0M | Reduce -7.3% |
| GE General Electric filed as GE AEROSPACE | 0.76% | 5,333 | $1.0M | Reduce -4.6% |
| BIDU Baidu Inc. - Spon ADR | 0.74% | 9,238 | $973K | New |
| XLK SS Technology Select Sector | 0.73% | 4,269 | $964K | Reduce -0.6% |
| BTI British American Tob-SP ADR | 0.72% | 25,812 | $944K | Reduce -6.5% |
| VEA Vanguard Ftse Developed ETF | 0.71% | 17,616 | $930K | Reduce -0.6% |
| CVX Chevron Corp. | 0.70% | 6,310 | $929K | Reduce -53.1% |
| WFC Wells Fargo & Co. | 0.69% | 16,007 | $904K | Reduce -6.6% |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.43% | 19,465 | $568K | Add +1.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.42% | 1,960 | $555K | No change |
| XLF SS Financial Select Sector | 0.34% | 9,799 | $444K | Reduce -0.6% |
| XLV SS Health Care Select Sector | 0.32% | 2,701 | $416K | Reduce -0.7% |
| SCHF Schwab Intl Equity ETF | 0.27% | 8,755 | $360K | Add +2.1% |
| XLY SS Consumer Disc Select Sect | 0.26% | 1,715 | $344K | Reduce -0.7% |
| PG The Procter & Gamble Co. | 0.26% | 1,982 | $343K | Add +0.1% |
| NVDA Nvidia Corp. | 0.26% | 2,822 | $343K | No change |
| XLI SS Industrial Select Sector | 0.23% | 2,282 | $309K | Reduce -1.4% |
| XLC SS Comm Select Sector SPDR | 0.23% | 3,372 | $305K | Reduce -0.7% |
| JPM JPMorgan Chase & Co. | 0.22% | 1,398 | $295K | No change |
| FDL First Trust Morn DVD Lead Inc. | 0.18% | 5,800 | $243K | No change |
| XLP SS Consumer Staples Sel Sect | 0.16% | 2,562 | $213K | New |
| MRK Merck & Co. Inc. | 0.16% | 1,808 | $205K | Reduce -5.2% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.15% | 350 | $201K | New |
Portfolio Sells Q2 2024 → Q3 2024
| PROSHARES SHORT S&P500 | Sold out | 0.00% | −3.25 |
| PSQ Proshares Short QQQ | Sold out | 0.00% | −1.01 |
| CVX Chevron Corp. | Reduce -53.1% | 0.70% | −0.89 |
| OXY Occidental Petroleum Corp. | Reduce -6.5% | 2.55% | −0.79 |
| VGSH Vanguard Short-Term Treasury | Sold out | 0.00% | −0.63 |
| MSFT Microsoft Corp. | Reduce -5.9% | 3.06% | −0.32 |
| BA The Boeing Co. | Reduce -5.7% | 0.94% | −0.26 |
| QCOM Qualcomm Inc. | Reduce -6.5% | 0.92% | −0.24 |
| CCJ Cameco Corp. | Reduce -6.8% | 1.71% | −0.18 |
| PHO Invesco Water Resources ETF | Sold out | 0.00% | −0.17 |
| BIL SS SPDR BB 1-3M T-Bill ETF | Reduce -2.0% | 6.89% | −0.15 |
| XOM Exxon Mobil Corp. | Reduce -6.3% | 1.93% | −0.10 |
| WM Waste Management Inc. | Reduce -5.5% | 1.04% | −0.09 |
| WFC Wells Fargo & Co. | Reduce -6.6% | 0.69% | −0.09 |
| AMLP Alerian MLP ETF | Reduce -7.3% | 0.77% | −0.08 |
| RSG Republic Services Inc. | Reduce -6.3% | 0.96% | −0.03 |
| INDA iShares MSCI India ETF | Reduce -7.3% | 1.10% | −0.03 |
| MRK Merck & Co. Inc. | Reduce -5.2% | 0.16% | −0.02 |
| CMCSA Comcast Corp. Class A | Reduce -7.0% | 1.35% | −0.01 |
| XLK SS Technology Select Sector | Reduce -0.6% | 0.73% | −0.01 |
| XLC SS Comm Select Sector SPDR | Reduce -0.7% | 0.23% | +0.01 |
| XLV SS Health Care Select Sector | Reduce -0.7% | 0.32% | +0.01 |
| XLI SS Industrial Select Sector | Reduce -1.4% | 0.23% | +0.02 |
| XLY SS Consumer Disc Select Sect | Reduce -0.7% | 0.26% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -11.3% | 12.06% | +0.03 |
| XLF SS Financial Select Sector | Reduce -0.6% | 0.34% | +0.03 |
| VEA Vanguard Ftse Developed ETF | Reduce -0.6% | 0.71% | +0.04 |
| GS Goldman Sachs Group Inc. | Reduce -5.8% | 1.62% | +0.05 |
| CP Canadian Pacific Kansas City | Reduce -6.4% | 3.29% | +0.05 |
| BTI British American Tob-SP ADR | Reduce -6.5% | 0.72% | +0.07 |
| JNJ Johnson & Johnson | Reduce -5.7% | 1.68% | +0.07 |
| DHR Danaher Corp. | Reduce -0.9% | 0.95% | +0.09 |
| GE General Electric | Reduce -4.6% | 0.76% | +0.09 |
| TMO Thermo Fisher Scientific Inc. | Reduce -6.2% | 2.18% | +0.10 |
| MCO Moody's Corp. | Reduce -5.5% | 1.95% | +0.12 |
| VWO Vanguard Ftse Emerging Marke | Reduce -2.4% | 1.93% | +0.12 |
| BND Vanguard Total Bond Market | Reduce -1.5% | 5.72% | +0.14 |
| UNH Unitedhealth Group Inc. | Reduce -5.9% | 1.94% | +0.14 |
| AAPL Apple Inc. | Reduce -4.8% | 2.99% | +0.14 |
| ABBV Abbvie Inc. | Reduce -6.3% | 2.25% | +0.16 |
| SPGI S&P Global Inc. | Reduce -6.0% | 2.14% | +0.17 |
| GLD SPDR Gold Shares | Reduce -8.5% | 6.11% | +0.19 |
| WMT Walmart Inc. | Reduce -5.9% | 1.97% | +0.21 |
Portfolio Buys Q2 2024 → Q3 2024
| BABA Alibaba Group Holding-SP ADR | Add +47.5% | 2.12% | +1.14 |
| JD Jd.com Inc.-ADR | Add +67.2% | 1.80% | +1.10 |
| GOOG Alphabet Inc. Class C | Add +63.6% | 3.28% | +1.08 |
| V Visa Inc. Class A | Add +40.5% | 2.37% | +0.76 |
| BIDU Baidu Inc. - Spon ADR | New | 0.74% | +0.74 |
| CNI Canadian Natl Railway Co. | Add +17.2% | 3.22% | +0.45 |
| XLP SS Consumer Staples Sel Sect | New | 0.16% | +0.16 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.15% | +0.15 |
| SCHZ Schwab US Aggregate Bond ETF | Add +0.3% | 1.07% | +0.05 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +1.7% | 0.43% | +0.04 |
| SCHF Schwab Intl Equity ETF | Add +2.1% | 0.27% | +0.02 |
| PG The Procter & Gamble Co. | Add +0.1% | 0.26% | +0.01 |
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 |