Sterling Investment Management

TUCSON, AZfiles as STERLING INVESTMENT MANAGEMENT, LLC

$182m in 66 US stocks at the end of 30 June 2026. The top 10 are 51.6% of the money. It changed about 16.4% of the portfolio this quarter.

Value

$182m

Stocks

Top 10 share

51.6%

Turnover

16.4%

What changed this quarter

New

Bought for the first time this quarter.

Janus Detroit STR TRJAAA
4.9% of the fund
Proshares TRSH
4.2% of the fund
Select Sector Spdr TRXLE
3.4% of the fund
Proshares TRPSQ
1.7% of the fund
Select Sector Spdr TRXLV
0.1% of the fund
AlphabetGOOGL
0.1% of the fund
MerckMRK
0.1% of the fund

Added

Bought more of a stock they already held.

General ElectricGE
5.6% of the fund
+4%
SAP SESAP
1.2% of the fund
+142%
Select Sector Spdr TRXLC
0.2% of the fund
+21%
Amazon.comAMZN
0.1% of the fund
+9%

Cut

Sold some of their stake.

Vanguard Scottsdale FDSVMBS
8.2% of the fund
-3%
Berkshire HathawayBRK-B
6.7% of the fund
-6%
Spdr Gold TRGLD
6.5% of the fund
-2%
S&P GlobalSPGI
4.4% of the fund
-3%
Moody'sMCO
3.9% of the fund
-2%
VisaV
3.9% of the fund
-5%
AlphabetGOOG
3.2% of the fund
-30%
MicrosoftMSFT
2.9% of the fund
-6%
Alps ETF TRAMLP
2.7% of the fund
-3%
PepsiCoPEP
2.4% of the fund
-2%
Canadian Pacific Kansas CityCP
2.3% of the fund
-2%
Vanguard BD Index FDSBSV
2.1% of the fund
-8%
Waste ManagementWM
1.8% of the fund
-3%
Vanguard BD Index FDSBIV
1.4% of the fund
-9%
AppleAAPL
1.4% of the fund
-8%
Vanguard Instl Index FDVBIL
1.2% of the fund
-22%
BoeingBA
1.2% of the fund
-3%
Vanguard Index FDSVTI
1.1% of the fund
-11%
Vanguard Charlotte FDSBNDX
1.1% of the fund
-9%
Vanguard Intl Equity Index FVWO
1.0% of the fund
-5%
Vanguard Tax-Managed FDSVEA
0.8% of the fund
-10%
Rio TintoRIO
0.8% of the fund
-4%
FerrovialFER
0.7% of the fund
-3%
Coca-Cola Femsa SAB de CVKOF
0.6% of the fund
-2%
Schwab Strategic TRSCHD
0.5% of the fund
-6%

Sold out

Sold their entire stake.

WalmartWMT
-100%
ST JOEJOE
-100%
Canadian National RailwayCNI
-100%
Procter & GamblePG
-100%
Honeywell InternationalHON
-100%
Valero EnergyVLO
-100%

Holdings

Vanguard Scottsdale FDSVMBS
Share
8.2%
Value
$15m
Shares
319,916
-3%
Berkshire HathawayBRK-B
Share
6.7%
Value
$12m
Shares
24,309
-6%
Spdr Gold TRGLD
Share
6.5%
Value
$12m
Shares
32,128
-2%
General ElectricGE
Share
5.6%
Value
$10m
Shares
27,228
+4%
Janus Detroit STR TRJAAA
Share
4.9%
Value
$9m
Shares
176,782
New
S&P GlobalSPGI
Share
4.4%
Value
$8m
Shares
19,581
-3%
Proshares TRSH
Share
4.2%
Value
$8m
Shares
230,707
New
Moody'sMCO
Share
3.9%
Value
$7m
Shares
15,745
-2%
VisaV
Share
3.9%
Value
$7m
Shares
20,608
-5%
Select Sector Spdr TRXLE
Share
3.4%
Value
$6m
Shares
117,244
New
AlphabetGOOG
Share
3.2%
Value
$6m
Shares
16,687
-30%
MicrosoftMSFT
Share
2.9%
Value
$5m
Shares
14,108
-6%
Berkshire Hathaway INC DELBRK-A
Share
2.9%
Value
$5m
Shares
7
Held
Alps ETF TRAMLP
Share
2.7%
Value
$5m
Shares
95,348
-3%
PepsiCoPEP
Share
2.4%
Value
$4m
Shares
32,450
-2%
Canadian Pacific Kansas CityCP
Share
2.3%
Value
$4m
Shares
49,188
-2%
Vanguard BD Index FDSBSV
Share
2.1%
Value
$4m
Shares
49,654
-8%
CamecoCCJ
Share
1.9%
Value
$3m
Shares
33,778
Held
Waste ManagementWM
Share
1.8%
Value
$3m
Shares
14,390
-3%
Proshares TRPSQ
Share
1.7%
Value
$3m
Shares
121,827
New
Vanguard BD Index FDSBIV
Share
1.4%
Value
$3m
Shares
34,381
-9%
AppleAAPL
Share
1.4%
Value
$2m
Shares
8,567
-8%
Vanguard Instl Index FDVBIL
Share
1.2%
Value
$2m
Shares
30,037
-22%
SAP SESAP
Share
1.2%
Value
$2m
Shares
14,741
+142%
BoeingBA
Share
1.2%
Value
$2m
Shares
10,117
-3%
Schwab Strategic TRSCHZ
Share
1.1%
Value
$2m
Shares
90,553
Held
Vanguard Index FDSVTI
Share
1.1%
Value
$2m
Shares
5,440
-11%
Vanguard Charlotte FDSBNDX
Share
1.1%
Value
$2m
Shares
41,212
-9%
Kimberly-ClarkKMB
Share
1.0%
Value
$2m
Shares
16,801
Held
Vanguard Intl Equity Index FVWO
Share
1.0%
Value
$2m
Shares
30,575
-5%
Vanguard Tax-Managed FDSVEA
Share
0.8%
Value
$1m
Shares
20,809
-10%
Rio TintoRIO
Share
0.8%
Value
$1m
Shares
15,351
-4%
Uber TechnologiesUBER
Share
0.8%
Value
$1m
Shares
19,985
Held
FerrovialFER
Share
0.7%
Value
$1m
Shares
18,631
-3%
Coca-Cola Femsa SAB de CVKOF
Share
0.6%
Value
$1m
Shares
9,719
-2%
Schwab Strategic TRSCHD
Share
0.5%
Value
$993,506
Shares
31,331
-6%
Select Sector Spdr TRXLK
Share
0.5%
Value
$973,557
Shares
5,110
-20%
Truist FinancialTFC
Share
0.5%
Value
$960,878
Shares
19,287
-2%
ChevronCVX
Share
0.5%
Value
$927,593
Shares
5,596
-2%
Public StoragePSA
Share
0.5%
Value
$922,144
Shares
2,897
-2%
Altria GroupMO
Share
0.5%
Value
$901,893
Shares
12,535
Held
PfizerPFE
Share
0.5%
Value
$829,941
Shares
34,466
Held
Verizon CommunicationsVZ
Share
0.5%
Value
$823,090
Shares
19,440
Held
DanaherDHR
Share
0.4%
Value
$771,254
Shares
4,049
Held
Schwab Strategic TRSCHF
Share
0.4%
Value
$706,633
Shares
25,510
-3%
Vici PropertiesVICI
Share
0.4%
Value
$675,352
Shares
25,437
Held
Vanguard BD Index FDSBLV
Share
0.4%
Value
$660,074
Shares
9,576
-9%
Avalonbay CommunitiesAVB
Share
0.3%
Value
$621,356
Shares
3,293
-32%
AbbVieABBV
Share
0.3%
Value
$595,632
Shares
2,367
-7%
JPMorgan ChaseJPM
Share
0.3%
Value
$567,918
Shares
1,735
-21%
Ishares TRIJR
Share
0.2%
Value
$414,823
Shares
2,797
-11%
Johnson & JohnsonJNJ
Share
0.2%
Value
$369,018
Shares
1,453
-87%
Select Sector Spdr TRXLF
Share
0.2%
Value
$324,233
Shares
6,048
-10%
Schwab Strategic TRSCHE
Share
0.2%
Value
$314,084
Shares
8,662
-3%
Select Sector Spdr TRXLC
Share
0.2%
Value
$287,858
Shares
2,687
+21%
First TR Exchange-Traded FDFDL
Share
0.2%
Value
$282,228
Shares
5,800
Held
Vanguard Index FDSVTV
Share
0.2%
Value
$273,720
Shares
1,256
Held
Goldman Sachs GroupGS
Share
0.1%
Value
$273,070
Shares
270
-53%
Amazon.comAMZN
Share
0.1%
Value
$256,216
Shares
1,075
+9%
Select Sector Spdr TRXLY
Share
0.1%
Value
$251,683
Shares
2,146
-10%
Select Sector Spdr TRXLV
Share
0.1%
Value
$248,303
Shares
1,565
New
Select Sector Spdr TRXLI
Share
0.1%
Value
$243,948
Shares
1,317
Held
AlphabetGOOGL
Share
0.1%
Value
$224,428
Shares
628
New
NvidiaNVDA
Share
0.1%
Value
$219,538
Shares
1,097
-35%
Coca-ColaKO
Share
0.1%
Value
$217,804
Shares
2,680
Held
MerckMRK
Share
0.1%
Value
$213,439
Shares
1,661
New

Company	Share of fund	Value	Shares	Change
Vanguard Scottsdale FDSVMBS	8.2%	$15m	319,916	-3%
Berkshire HathawayBRK-B	6.7%	$12m	24,309	-6%
Spdr Gold TRGLD	6.5%	$12m	32,128	-2%
General ElectricGE	5.6%	$10m	27,228	+4%
Janus Detroit STR TRJAAA	4.9%	$9m	176,782	New
S&P GlobalSPGI	4.4%	$8m	19,581	-3%
Proshares TRSH	4.2%	$8m	230,707	New
Moody'sMCO	3.9%	$7m	15,745	-2%
VisaV	3.9%	$7m	20,608	-5%
Select Sector Spdr TRXLE	3.4%	$6m	117,244	New
AlphabetGOOG	3.2%	$6m	16,687	-30%
MicrosoftMSFT	2.9%	$5m	14,108	-6%
Berkshire Hathaway INC DELBRK-A	2.9%	$5m	7	Held
Alps ETF TRAMLP	2.7%	$5m	95,348	-3%
PepsiCoPEP	2.4%	$4m	32,450	-2%
Canadian Pacific Kansas CityCP	2.3%	$4m	49,188	-2%
Vanguard BD Index FDSBSV	2.1%	$4m	49,654	-8%
CamecoCCJ	1.9%	$3m	33,778	Held
Waste ManagementWM	1.8%	$3m	14,390	-3%
Proshares TRPSQ	1.7%	$3m	121,827	New
Vanguard BD Index FDSBIV	1.4%	$3m	34,381	-9%
AppleAAPL	1.4%	$2m	8,567	-8%
Vanguard Instl Index FDVBIL	1.2%	$2m	30,037	-22%
SAP SESAP	1.2%	$2m	14,741	+142%
BoeingBA	1.2%	$2m	10,117	-3%
Schwab Strategic TRSCHZ	1.1%	$2m	90,553	Held
Vanguard Index FDSVTI	1.1%	$2m	5,440	-11%
Vanguard Charlotte FDSBNDX	1.1%	$2m	41,212	-9%
Kimberly-ClarkKMB	1.0%	$2m	16,801	Held
Vanguard Intl Equity Index FVWO	1.0%	$2m	30,575	-5%
Vanguard Tax-Managed FDSVEA	0.8%	$1m	20,809	-10%
Rio TintoRIO	0.8%	$1m	15,351	-4%
Uber TechnologiesUBER	0.8%	$1m	19,985	Held
FerrovialFER	0.7%	$1m	18,631	-3%
Coca-Cola Femsa SAB de CVKOF	0.6%	$1m	9,719	-2%
Schwab Strategic TRSCHD	0.5%	$993,506	31,331	-6%
Select Sector Spdr TRXLK	0.5%	$973,557	5,110	-20%
Truist FinancialTFC	0.5%	$960,878	19,287	-2%
ChevronCVX	0.5%	$927,593	5,596	-2%
Public StoragePSA	0.5%	$922,144	2,897	-2%
Altria GroupMO	0.5%	$901,893	12,535	Held
PfizerPFE	0.5%	$829,941	34,466	Held
Verizon CommunicationsVZ	0.5%	$823,090	19,440	Held
DanaherDHR	0.4%	$771,254	4,049	Held
Schwab Strategic TRSCHF	0.4%	$706,633	25,510	-3%
Vici PropertiesVICI	0.4%	$675,352	25,437	Held
Vanguard BD Index FDSBLV	0.4%	$660,074	9,576	-9%
Avalonbay CommunitiesAVB	0.3%	$621,356	3,293	-32%
AbbVieABBV	0.3%	$595,632	2,367	-7%
JPMorgan ChaseJPM	0.3%	$567,918	1,735	-21%
Ishares TRIJR	0.2%	$414,823	2,797	-11%
Johnson & JohnsonJNJ	0.2%	$369,018	1,453	-87%
Select Sector Spdr TRXLF	0.2%	$324,233	6,048	-10%
Schwab Strategic TRSCHE	0.2%	$314,084	8,662	-3%
Select Sector Spdr TRXLC	0.2%	$287,858	2,687	+21%
First TR Exchange-Traded FDFDL	0.2%	$282,228	5,800	Held
Vanguard Index FDSVTV	0.2%	$273,720	1,256	Held
Goldman Sachs GroupGS	0.1%	$273,070	270	-53%
Amazon.comAMZN	0.1%	$256,216	1,075	+9%
Select Sector Spdr TRXLY	0.1%	$251,683	2,146	-10%
Select Sector Spdr TRXLV	0.1%	$248,303	1,565	New
Select Sector Spdr TRXLI	0.1%	$243,948	1,317	Held
AlphabetGOOGL	0.1%	$224,428	628	New
NvidiaNVDA	0.1%	$219,538	1,097	-35%
Coca-ColaKO	0.1%	$217,804	2,680	Held
MerckMRK	0.1%	$213,439	1,661	New

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 20.7% since 30 June 2025.

Where the money is

Financial services19.8%

Industrials12.4%

Technology5.6%

Everyday goods4.0%

Media & telecom3.8%

Materials2.7%

Health care1.5%

Real estate1.2%

Energy0.5%

Retail & consumer0.1%

Other48.3%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.