Sterling Investment Management, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 4, 2026), Sterling Investment Management, LLC reported 65 stock positions worth $166.7 million. Its top holding was Vanguard Mortgage-Backed Sec (VMBS) at 9.3% of the portfolio, followed by SPDR Gold Shares (GLD, 8.5%) and Berkshire Hathaway Class B (BRK.B, 7.4%). Compared with Q4 2025, it opened 6 new positions, sold out of 10, added to 16 and reduced 40. The biggest buy was Waste Management (WM, shares +128%) and the biggest sale Canadian Natl Railway (CNI, shares −91%).
- Most Recent 13F
- Q2 2026
- Location
- TUCSON, AZ
- CIK
- 0001509873
- Portfolio Value
- $166.7M (Q1 2026)
- SEC Filing
- 0001509873-26-000003 ↗ filed May 4, 2026
Holdings Value
Holdings 65 stocks · $166.7M
| VMBS Vanguard Mortgage-Backed Sec | 9.26% | 328,670 | $15.4M | Add +0.9% |
| GLD SPDR Gold Shares | 8.50% | 32,944 | $14.2M | Reduce -3.6% |
| BRK.B Berkshire Hathaway Inc. Class B | 7.44% | 25,880 | $12.4M | Reduce -13.5% |
| SPGI S&P Global Inc. | 5.12% | 20,083 | $8.5M | Add +52.5% |
| GE General Electric filed as GE AEROSPACE | 4.45% | 26,119 | $7.4M | Add +0.7% |
| MCO Moody's Corp. | 4.22% | 16,126 | $7.0M | Add +48.4% |
| GOOG Alphabet Inc. Class C | 4.10% | 23,823 | $6.8M | Reduce -0.8% |
| V Visa Inc. Class A | 3.94% | 21,759 | $6.6M | Add +22.0% |
| MSFT Microsoft Corp. | 3.31% | 14,929 | $5.5M | Add +3.0% |
| AMLP Alerian MLP ETF | 3.09% | 97,997 | $5.2M | Reduce -2.7% |
| PEP Pepsico Inc. | 3.09% | 33,191 | $5.2M | Reduce -1.5% |
| BRK.A Berkshire Hathaway Inc. Class A | 3.02% | 7 | $5.0M | No change |
| BSV Vanguard Short-Term Bond ETF | 2.53% | 53,881 | $4.2M | Reduce -3.5% |
| CP Canadian Pacific Kansas City | 2.37% | 50,337 | $4.0M | Reduce -1.3% |
| WMT Walmart Inc. | 2.28% | 30,541 | $3.8M | Reduce -2.1% |
| CCJ Cameco Corp. | 2.22% | 34,114 | $3.7M | Reduce -1.3% |
| WM Waste Management Inc. | 2.03% | 14,764 | $3.4M | Add +128.1% |
| VBIL Vanguard 0-3M T-Bill ETF | 1.74% | 38,428 | $2.9M | Reduce -2.5% |
| BIV Vanguard Intermediate-Term B | 1.74% | 37,602 | $2.9M | Reduce -0.0% |
| JNJ Johnson & Johnson | 1.61% | 10,969 | $2.7M | Reduce -3.2% |
| AAPL Apple Inc. | 1.42% | 9,353 | $2.4M | Reduce -1.4% |
| BNDX Vanguard Total Intl Bond ETF | 1.30% | 45,120 | $2.2M | Add +0.3% |
| SCHZ Schwab US Aggregate Bond ETF | 1.27% | 91,116 | $2.1M | Add +5.9% |
| BA The Boeing Co. | 1.25% | 10,457 | $2.1M | Reduce -2.4% |
| VTI VG Morningstar TS MKT ETF-US | 1.17% | 6,084 | $2.0M | Add +238.0% |
| VWO Vanguard Ftse Emerging Marke | 1.04% | 32,062 | $1.7M | Reduce -2.6% |
| KMB Kimberly-Clark Corp. | 0.99% | 17,114 | $1.7M | Reduce -1.8% |
| RIO Rio Tinto PLC-Spon ADR | 0.89% | 15,969 | $1.5M | Reduce -2.2% |
| VEA Vanguard Ftse Developed ETF | 0.89% | 23,234 | $1.5M | Reduce -2.2% |
| UBER Uber Technologies Inc. | 0.87% | 20,176 | $1.5M | New |
| JOE The St Joe Co. | 0.77% | 20,338 | $1.3M | Reduce -2.3% |
| FER Ferrovial NV | 0.75% | 19,210 | $1.2M | Reduce -2.6% |
| CVX Chevron Corp. | 0.71% | 5,724 | $1.2M | Reduce -1.9% |
| SAP Sap SE-Sponsored ADR | 0.63% | 6,092 | $1.0M | Reduce -2.1% |
| SCHD Schwab US DVD Equity ETF | 0.61% | 33,370 | $1.0M | Reduce -0.6% |
| VZ Verizon Communications Inc. | 0.60% | 19,834 | $996K | Reduce -1.9% |
| PFE Pfizer Inc. | 0.59% | 35,137 | $987K | Reduce -0.8% |
| KOF Coca-Cola Femsa Sab-SP ADR | 0.58% | 9,959 | $972K | Reduce -1.9% |
| TFC Truist Financial Corp. | 0.54% | 19,693 | $905K | Reduce -1.9% |
| XLK SS Technology Select Sector | 0.51% | 6,348 | $844K | Reduce -0.6% |
| MO Altria Group Inc. | 0.51% | 12,766 | $842K | Reduce -6.2% |
| PSA Public Storage | 0.48% | 2,967 | $804K | Reduce -1.9% |
| AVB Avalonbay Communities Inc. | 0.47% | 4,823 | $788K | No change |
| DHR Danaher Corp. | 0.46% | 4,063 | $770K | Add +0.2% |
| BLV Vanguard Long-Term Bond ETF | 0.43% | 10,468 | $720K | Add +0.3% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.42% | 25,890 | $707K | Reduce -1.9% |
| SCHF Schwab Intl Equity ETF | 0.39% | 26,297 | $651K | Add +1.0% |
| JPM JPMorgan Chase & Co. | 0.39% | 2,198 | $647K | Add +57.2% |
| ABBV Abbvie Inc. | 0.33% | 2,540 | $552K | Reduce -74.2% |
| GS Goldman Sachs Group Inc. | 0.29% | 574 | $486K | Reduce -81.1% |
| IJR iShares Core S&P Small-Cap E | 0.23% | 3,132 | $389K | Reduce -1.9% |
| XLF SS Financial Select Sector | 0.20% | 6,725 | $332K | Reduce -1.0% |
| FDL First Trust Morn DVD Lead Inc. | 0.18% | 5,800 | $295K | No change |
| SCHE Schwab Emrg Mrkts Eqty ETF | 0.18% | 8,897 | $293K | Add +0.2% |
| NVDA Nvidia Corp. | 0.18% | 1,677 | $292K | Add +12.0% |
| CNI Canadian Natl Railway Co. | 0.17% | 2,722 | $280K | Reduce -91.4% |
| PG The Procter & Gamble Co. | 0.16% | 1,800 | $260K | Reduce -7.0% |
| XLY SS Consumer Disc Select Sect | 0.16% | 2,385 | $260K | Reduce -0.9% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.15% | 1,256 | $246K | New |
| XLC SS Comm Select Sector SPDR | 0.15% | 2,216 | $246K | Reduce -0.9% |
| HON Honeywell International Inc. | 0.13% | 955 | $216K | New |
| XLI SS Industrial Select Sector | 0.13% | 1,315 | $213K | Reduce -2.5% |
| AMZN Amazon.com Inc. | 0.12% | 990 | $206K | New |
| VLO Valero Energy Corp. | 0.12% | 834 | $206K | New |
| KO The Coca-Cola Co. | 0.12% | 2,680 | $204K | New |
Portfolio Sells Q4 2025 → Q1 2026
| CNI Canadian Natl Railway Co. | Reduce -91.4% | 0.17% | −1.61 |
| GS Goldman Sachs Group Inc. | Reduce -81.1% | 0.29% | −1.22 |
| TMO Thermo Fisher Scientific Inc. | Sold out | 0.00% | −1.11 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -13.5% | 7.44% | −1.09 |
| ABBV Abbvie Inc. | Reduce -74.2% | 0.33% | −0.94 |
| WFC Wells Fargo & Co. | Sold out | 0.00% | −0.80 |
| RSG Republic Services Inc. | Sold out | 0.00% | −0.75 |
| INDA iShares MSCI India ETF | Sold out | 0.00% | −0.71 |
| QCOM Qualcomm Inc. | Sold out | 0.00% | −0.65 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.38 |
| NVO Novo-Nordisk A/S-Spons ADR | Sold out | 0.00% | −0.26 |
| SAP Sap SE-Sponsored ADR | Reduce -2.1% | 0.63% | −0.23 |
| GOOG Alphabet Inc. Class C | Reduce -0.8% | 4.10% | −0.17 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.13 |
| VYM Vanguard High DVD Yield ETF | Sold out | 0.00% | −0.12 |
| XLV SS Health Care Select Sector | Sold out | 0.00% | −0.12 |
| BA The Boeing Co. | Reduce -2.4% | 1.25% | −0.07 |
| AAPL Apple Inc. | Reduce -1.4% | 1.42% | −0.04 |
| TFC Truist Financial Corp. | Reduce -1.9% | 0.54% | −0.02 |
| XLK SS Technology Select Sector | Reduce -0.6% | 0.51% | −0.02 |
| XLF SS Financial Select Sector | Reduce -1.0% | 0.20% | −0.01 |
| XLY SS Consumer Disc Select Sect | Reduce -0.9% | 0.16% | −0.01 |
| KMB Kimberly-Clark Corp. | Reduce -1.8% | 0.99% | −0.01 |
| XLC SS Comm Select Sector SPDR | Reduce -0.9% | 0.15% | −0.00 |
| PG The Procter & Gamble Co. | Reduce -7.0% | 0.16% | −0.00 |
| VICI Vici Properties Inc. | Reduce -1.9% | 0.42% | +0.00 |
| XLI SS Industrial Select Sector | Reduce -2.5% | 0.13% | +0.01 |
| IJR iShares Core S&P Small-Cap E | Reduce -1.9% | 0.23% | +0.02 |
| FER Ferrovial NV | Reduce -2.6% | 0.75% | +0.03 |
| VWO Vanguard Ftse Emerging Marke | Reduce -2.6% | 1.04% | +0.04 |
| KOF Coca-Cola Femsa Sab-SP ADR | Reduce -1.9% | 0.58% | +0.04 |
| PSA Public Storage | Reduce -1.9% | 0.48% | +0.04 |
| BSV Vanguard Short-Term Bond ETF | Reduce -3.5% | 2.53% | +0.04 |
| VEA Vanguard Ftse Developed ETF | Reduce -2.2% | 0.89% | +0.05 |
| VBIL Vanguard 0-3M T-Bill ETF | Reduce -2.5% | 1.74% | +0.06 |
| MO Altria Group Inc. | Reduce -6.2% | 0.51% | +0.06 |
| JOE The St Joe Co. | Reduce -2.3% | 0.77% | +0.07 |
| BIV Vanguard Intermediate-Term B | Reduce -0.0% | 1.74% | +0.08 |
| PFE Pfizer Inc. | Reduce -0.8% | 0.59% | +0.09 |
| SCHD Schwab US DVD Equity ETF | Reduce -0.6% | 0.61% | +0.09 |
| VZ Verizon Communications Inc. | Reduce -1.9% | 0.60% | +0.13 |
| RIO Rio Tinto PLC-Spon ADR | Reduce -2.2% | 0.89% | +0.15 |
| CVX Chevron Corp. | Reduce -1.9% | 0.71% | +0.21 |
| CP Canadian Pacific Kansas City | Reduce -1.3% | 2.37% | +0.24 |
| JNJ Johnson & Johnson | Reduce -3.2% | 1.61% | +0.28 |
| WMT Walmart Inc. | Reduce -2.1% | 2.28% | +0.30 |
| PEP Pepsico Inc. | Reduce -1.5% | 3.09% | +0.35 |
| AMLP Alerian MLP ETF | Reduce -2.7% | 3.09% | +0.41 |
| CCJ Cameco Corp. | Reduce -1.3% | 2.22% | +0.43 |
| GLD SPDR Gold Shares | Reduce -3.6% | 8.50% | +0.82 |
Portfolio Buys Q4 2025 → Q1 2026
| WM Waste Management Inc. | Add +128.1% | 2.03% | +1.23 |
| SPGI S&P Global Inc. | Add +52.5% | 5.12% | +1.22 |
| MCO Moody's Corp. | Add +48.4% | 4.22% | +1.07 |
| UBER Uber Technologies Inc. | New | 0.87% | +0.87 |
| VTI VG Morningstar TS MKT ETF-US | Add +238.0% | 1.17% | +0.83 |
| VMBS Vanguard Mortgage-Backed Sec | Add +0.9% | 9.26% | +0.55 |
| V Visa Inc. Class A | Add +22.0% | 3.94% | +0.40 |
| VTV Vanguard Mrngstr Val ETF-Aui | New | 0.15% | +0.15 |
| JPM JPMorgan Chase & Co. | Add +57.2% | 0.39% | +0.13 |
| HON Honeywell International Inc. | New | 0.13% | +0.13 |
| SCHZ Schwab US Aggregate Bond ETF | Add +5.9% | 1.27% | +0.13 |
| AMZN Amazon.com Inc. | New | 0.12% | +0.12 |
| VLO Valero Energy Corp. | New | 0.12% | +0.12 |
| KO The Coca-Cola Co. | New | 0.12% | +0.12 |
| BNDX Vanguard Total Intl Bond ETF | Add +0.3% | 1.30% | +0.07 |
| SCHF Schwab Intl Equity ETF | Add +1.0% | 0.39% | +0.04 |
| BLV Vanguard Long-Term Bond ETF | Add +0.3% | 0.43% | +0.02 |
| NVDA Nvidia Corp. | Add +12.0% | 0.18% | +0.02 |
| SCHE Schwab Emrg Mrkts Eqty ETF | Add +0.2% | 0.18% | +0.01 |
| DHR Danaher Corp. | Add +0.2% | 0.46% | −0.06 |
| GE General Electric | Add +0.7% | 4.45% | −0.08 |
| MSFT Microsoft Corp. | Add +3.0% | 3.31% | −0.66 |
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 |