STERLING INVESTMENT MANAGEMENT, LLC
Reported holdings as of Q3 2026, from 32 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| VANGUARD SCOTTSDALE FDS | VMBS | $13.8M | 311,086 | -0.72pp | 8q | -2.8%-$392.1K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $12.1M | 24,249 | -0.12pp | 32q | HELD | |
| SPDR GOLD TR | GLD | $11.2M | 29,372 | -0.42pp | 32q | -8.6%-$1.0M | |
| JANUS DETROIT STR TR | JAAA | $8.6M | 170,712 | -0.22pp | 2q | -3.4%-$306.4K | |
| PROSHARES TR | SH | $8.6M | 265,553 | +0.49pp | 2q | +15.1%+$1.1M | |
| GE AEROSPACE | GE | $8.4M | 27,040 | -1.00pp | 10q | -0.7%-$58.7K | |
| VISA INC | V | $7.1M | 19,713 | -0.03pp | 29q | -4.3%-$321.6K | |
| SELECT SECTOR SPDR TR | XLE | $6.8M | 110,394 | +0.27pp | 2q | -5.8%-$421.3K | |
| S&P GLOBAL INC | SPGI | $6.6M | 16,847 | -0.77pp | 18q | -14.0%-$1.1M | |
| ALPHABET INC | GOOG | $5.8M | 17,041 | -0.08pp | 32q | +2.1%+$120.6K | |
| MOODYS CORP | MCO | $5.7M | 12,556 | -0.82pp | 13q | -20.3%-$1.4M | |
| MICROSOFT CORP | MSFT | $5.6M | 10,959 | +0.16pp | 32q | -22.3%-$1.6M | |
| UBER TECHNOLOGIES INC | UBER | $5.3M | 77,924 | +2.11pp | 3q | +289.9%+$4.0M | |
| BERKSHIRE HATHAWAY INC DEL | BRKA | $5.2M | 7 | -0.04pp | 32q | HELD | |
| ALPS ETF TR | AMLP | $4.7M | 90,359 | -0.17pp | 17q | -5.2%-$258.8K | |
| DANAHER CORP DEL | DHR | $4.3M | 19,398 | +1.91pp | 32q | +379.1%+$3.4M | |
| VANGUARD BD INDEX FDS | BSV | $3.9M | 51,570 | +0.02pp | 8q | +3.9%+$146.4K | |
| CANADIAN PACIFIC KANSAS CITY | CP | $3.9M | 46,150 | -0.21pp | 14q | -6.2%-$258.5K | |
| WASTE MGMT INC DEL | WM | $2.9M | 14,372 | -0.17pp | 31q | HELD | |
| SAP SE | SAP | $2.9M | 13,925 | +0.33pp | 4q | -5.5%-$170.1K | |
| APPLE INC | AAPL | $2.8M | 8,304 | +0.14pp | 32q | -3.1%-$87.6K | |
| FERROVIAL NV | FER | $2.7M | 49,223 | +0.74pp | 7q | +164.2%+$1.7M | |
| VANGUARD BD INDEX FDS | BIV | $2.6M | 35,471 | -0.04pp | 8q | +3.2%+$79.4K | |
| BOEING CO | BA | $2.6M | 13,826 | +0.19pp | 11q | +36.7%+$690.1K | |
| VANGUARD INSTL INDEX FD | VBIL | $2.3M | 29,840 | -0.02pp | 4q | -0.7%-$14.9K | |
| PEPSICO INC | PEP | $2.0M | 16,111 | -1.30pp | 5q | -50.4%-$2.1M | |
| VANGUARD INDEX FDS | VTI | $2.0M | 5,440 | flat | 17q | HELD | |
| SCHWAB STRATEGIC TR | SCHZ | $2.0M | 91,719 | -0.05pp | 12q | +1.3%+$25.8K | |
| VANGUARD CHARLOTTE FDS | BNDX | $2.0M | 41,889 | -0.03pp | 4q | +1.6%+$31.7K | |
| VANGUARD INTL EQUITY INDEX F | VWO | $1.9M | 32,353 | +0.04pp | 28q | +5.8%+$105.5K | |
| KIMBERLY CLARK CORP | KMB | $1.6M | 16,171 | -0.16pp | 4q | -3.7%-$61.4K | |
| VANGUARD TAX-MANAGED FDS | VEA | $1.5M | 20,781 | -0.02pp | 24q | HELD | |
| Rio Tinto PLC | RIO | $1.4M | 14,979 | -0.03pp | 5q | -2.4%-$35.0K | |
| FORTIVE CORP | FTV | $1.1M | 20,960 | - | new | NEW | |
| CHEVRON CORPORATION | CVX | $1.1M | 5,452 | +0.10pp | 5q | -2.6%-$29.4K | |
| COCA-COLA FEMSA SAB DE CV | KOF | $1.0M | 9,599 | flat | 5q | -1.2%-$13.0K | |
| SCHWAB STRATEGIC TR | SCHD | $1.0M | 31,704 | +0.01pp | 4q | +1.2%+$12.1K | |
| SELECT SECTOR SPDR TR | XLK | $1.0M | 5,132 | +0.01pp | 32q | HELD | |
| PFIZER INC | PFE | $968.1K | 33,944 | +0.07pp | 4q | -1.5%-$14.9K | |
| AT&T INC | T | $904.7K | 37,079 | - | new | NEW | |
| VERIZON COMMUNICATIONS INC | VZ | $895.1K | 19,514 | +0.03pp | 5q | HELD | |
| TRUIST FINL CORP | TFC | $884.9K | 19,113 | -0.05pp | 5q | -0.9%-$8.1K | |
| ALTRIA GROUP INC | MO | $859.9K | 12,769 | -0.03pp | 5q | +1.9%+$15.8K | |
| PUBLIC STORAGE | PSA | $816.6K | 2,887 | -0.06pp | 5q | HELD | |
| AMERICAN TOWER CORP | AMT | $806.3K | 4,926 | - | new | NEW | |
| VICI PPTYS INC | VICI | $759.4K | 33,059 | +0.04pp | 5q | +30.0%+$175.1K | |
| P T TELEKOMUNIKASI INDONESIA | TLK | $752.5K | 59,021 | - | new | NEW | |
| SCHWAB STRATEGIC TR | SCHF | $705.5K | 25,683 | flat | 12q | +0.7%+$4.8K | |
| VERALTO CORP | VLTO | $690.8K | 7,324 | - | new | NEW | |
| VANGUARD BD INDEX FDS | BLV | $626.0K | 9,979 | -0.02pp | 4q | +4.2%+$25.3K | |
| ABBVIE INC | ABBV | $619.2K | 2,367 | +0.01pp | 27q | HELD | |
| PHILLIPS 66 | PSX | $612.7K | 2,400 | - | new | NEW | |
| CONOCOPHILLIPS | COP | $609.0K | 4,866 | - | new | NEW | |
| JPMORGAN CHASE & CO | JPM | $582.9K | 1,762 | flat | 12q | +1.6%+$8.9K | |
| VIVMARK RESIDENTIAL | VMRK | $558.8K | 9,197 | - | new | NEW | |
| JOHNSON & JOHNSON | JNJ | $384.7K | 1,453 | +0.01pp | 32q | HELD | |
| ISHARES TR | IJR | $380.2K | 2,795 | -0.02pp | 8q | HELD | |
| SELECT SECTOR SPDR TR | XLF | $321.6K | 6,023 | flat | 32q | HELD | |
| SCHWAB STRATEGIC TR | SCHE | $319.3K | 8,761 | flat | 12q | +1.1%+$3.6K | |
| SELECT SECTOR SPDR TR | XLC | $301.3K | 2,715 | +0.01pp | 32q | +1.0%+$3.1K | |
| FIRST TR EXCHANGE-TRADED FD | FDL | $284.8K | 5,800 | flat | 12q | HELD | |
| VANGUARD INDEX FDS | VTV | $271.4K | 1,256 | flat | 3q | HELD | |
| SELECT SECTOR SPDR TR | XLV | $265.4K | 1,576 | +0.01pp | 2q | +0.7%+$1.9K | |
| VALERO ENERGY CORP | VLO | $261.7K | 675 | - | new | NEW | |
| VONTIER CORPORATION | VNT | $258.8K | 8,242 | - | new | NEW | |
| RALLIANT CORP | RAL | $258.4K | 3,736 | - | new | NEW | |
| AMAZON COM INC | AMZN | $257.9K | 1,035 | flat | 3q | -3.7%-$10.0K | |
| OGE ENERGY CORP | OGE | $243.8K | 5,368 | - | new | NEW | |
| GOLDMAN SACHS GROUP INC | GS | $243.1K | 270 | -0.02pp | 32q | HELD | |
| MERCK & CO INC | MRK | $241.4K | 1,661 | +0.01pp | 2q | HELD | |
| SELECT SECTOR SPDR TR | XLY | $234.7K | 2,156 | -0.01pp | 32q | HELD | |
| COCA COLA CO | KO | $230.7K | 2,680 | +0.01pp | 3q | HELD | |
| SELECT SECTOR SPDR TR | XLI | $221.2K | 1,325 | -0.01pp | 32q | +0.6%+$1.3K | |
| ALPHABET INC | GOOGL | $215.7K | 627 | -0.01pp | 2q | HELD | |
| NVIDIA CORPORATION | NVDA | $209.0K | 915 | -0.01pp | 12q | -16.6%-$41.6K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Business Services | $24.8M | 13.4% |
| Insurance | $17.3M | 9.4% |
| Software & IT Services | $14.5M | 7.9% |
| Capital Markets | $11.4M | 6.2% |
| Semiconductors & Electronics | $8.7M | 4.7% |
| Instruments & Controls | $6.7M | 3.6% |
| Food, Drink & Tobacco | $4.2M | 2.3% |
| Transport & Logistics | $3.9M | 2.1% |
| Utilities | $3.2M | 1.7% |
| Real Estate | $2.9M | 1.6% |
| Computer Hardware | $2.8M | 1.5% |
| Other sectors | $17.3M | 9.4% |
| Not classified | $66.7M | 36.2% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2026 | -0.2% | +2.1% | -2.3% | 100% |
| Q2 2026 | +2.9% | +14.8% | -11.9% | 100% |
| Q1 2026 | -2.5% | -4.6% | +2.1% | 100% |
| Q4 2025 | +3.2% | +2.4% | +0.8% | 100% |
| Q3 2025 | +4.9% | +7.8% | -2.9% | 100% |
| Q2 2025 | +3.2% | +10.5% | -7.3% | 100% |
| Q1 2025 | +4.9% | -4.6% | +9.5% | 100% |
| Q4 2024 | -2.6% | +2.1% | -4.8% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $184.3M | 75 | 12 | 21 | 23 | 3 | 48.3% | 16 |
| Q2 2026 | $182.3M | 66 | 7 | 4 | 49 | 6 | 51.6% | 22 |
| Q1 2026 | $166.7M | 65 | 6 | 12 | 39 | 10 | 53.4% | 34 |
| Q4 2025 | $176.3M | 69 | 8 | 16 | 31 | 5 | 51.3% | 34 |
| Q3 2025 | $166.5M | 66 | 11 | 10 | 27 | 1 | 48.7% | 20 |
| Q2 2025 | $151.0M | 56 | 3 | 7 | 24 | 1 | 48.6% | 30 |
| Q1 2025 | $140.5M | 54 | 3 | 14 | 29 | 5 | 52.0% | 15 |
| Q4 2024 | $127.4M | 56 | 5 | 8 | 37 | 6 | 48.3% | 17 |
| Q3 2024 | $131.8M | 57 | 3 | 7 | 39 | 4 | 50.3% | 21 |
| Q2 2024 | $131.6M | 58 | 3 | 12 | 35 | 7 | 49.9% | 26 |
| Q1 2024 | $141.8M | 62 | 1 | 15 | 33 | 3 | 50.2% | 22 |
| Q4 2023 | $136.3M | 64 | 15 | 12 | 32 | 3 | 48.4% | 18 |
| Q3 2023 | $112.5M | 52 | 1 | 4 | 39 | 9 | 50.6% | 11 |
| Q2 2023 | $126.0M | 60 | 4 | 0 | 44 | 4 | 50.1% | 12 |
| Q1 2023 | $125.6M | 60 | 1 | 5 | 45 | 2 | 50.5% | 28 |
| Q4 2022 | $124.5M | 61 | 3 | 14 | 42 | 2 | 49.5% | 12 |
| Q3 2022 | $118.6M | 60 | 5 | 34 | 14 | 14 | 52.2% | 25 |
| Q2 2022 | $120.2M | 69 | 7 | 12 | 43 | 9 | 47.7% | 6 |
| Q1 2022 | $142.2M | 71 | 3 | 1 | 57 | 2 | 44.5% | 42 |
| Q4 2021 | $160.6M | 70 | 3 | 10 | 44 | 2 | 44.5% | 21 |
| Q3 2021 | $156.9M | 69 | 7 | 18 | 30 | 1 | 45.3% | 35 |
| Q2 2021 | $152.5M | 63 | 7 | 17 | 30 | 1 | 49.7% | 36 |
| Q1 2021 | $146.2M | 57 | 3 | 5 | 39 | 4 | 48.5% | 19 |
| Q4 2020 | $140.9M | 58 | 2 | 38 | 14 | 6 | 48.8% | 22 |
| Q3 2020 | $133.8M | 62 | 7 | 16 | 35 | 3 | 48.7% | 28 |
| Q2 2020 | $129.3M | 58 | 3 | 25 | 25 | 8 | 50.0% | 14 |
| Q1 2020 | $114.6M | 63 | 10 | 5 | 39 | 10 | 50.5% | 22 |
| Q4 2019 | $150.7M | 63 | 5 | 11 | 28 | 3 | 52.0% | 31 |
| Q3 2019 | $136.8M | 61 | 4 | 20 | 29 | 2 | 54.8% | 24 |
| Q2 2019 | $129.2M | 59 | 1 | 8 | 38 | 2 | 53.5% | 24 |
| Q1 2019 | $129.1M | 60 | 11 | 11 | 29 | 7 | 52.2% | 24 |
| Q4 2018 | $119.6M | 56 | 0 | 0 | 0 | 0 | 57.5% | 17 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.