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STERLING INVESTMENT MANAGEMENT, LLC

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13F filer, CIK 1509873, TUCSON, AZ

STERLING INVESTMENT MANAGEMENT, LLC reported $151,029,288 across 56 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-07-30. Its ten largest share positions make up 48.64% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001509873-25-000005

Period
2025-06-30
Reported value
$151M
Holdings
56
Top 10 weight
48.64%
New
3
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SHnew+100,587$3.99M
PSQnew+77,390$2.6M
GEadded+4,791$1.23M
MCOadded+1,960$983K
NVOnew+13,844$956K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
NKEexited-63,860-$4.05M
BSVreduced-2,803-$221K
OXYreduced-3,615-$152K
VEAreduced-2,523-$144K
GLDreduced-396-$121K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001509873-25-000005, largest first. % of portfolio is the value over $151,029,286, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BRK-BBERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,543 shares; 2024Q4: 34,433 shares; 2025Q1: 32,901 shares; 2025Q2: 32,884 shares 32,884$16M10.58%-17Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 33,113 shares; 2024Q4: 36,580 shares; 2025Q1: 35,670 shares; 2025Q2: 35,274 shares 35,274$10.8M7.12%-396Timeline
VMBSVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 47,028 shares; 2025Q1: 228,489 shares; 2025Q2: 230,388 shares 230,388$10.7M7.07%+1,899Timeline
BILSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 98,940 shares; 2024Q4: 73,561 shares; 2025Q1: 76,705 shares; 2025Q2: 76,144 shares 76,144$6.98M4.62%-561Timeline
CNICANADIAN NATL RY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 36,279 shares; 2024Q4: 46,868 shares; 2025Q1: 51,029 shares; 2025Q2: 50,803 shares 50,803$5.29M3.5%-226Timeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7 shares; 2024Q4: 7 shares; 2025Q1: 7 shares; 2025Q2: 7 shares 7$5.1M3.38%0Timeline
GOOGALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,864 shares; 2024Q4: 25,609 shares; 2025Q1: 27,330 shares; 2025Q2: 27,205 shares 27,205$4.83M3.2%-125Timeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,450 shares; 2024Q4: 5,380 shares; 2025Q1: 7,085 shares; 2025Q2: 8,833 shares 8,833$4.66M3.08%+1,748Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 50,627 shares; 2024Q4: 49,845 shares; 2025Q1: 58,513 shares; 2025Q2: 58,220 shares 58,220$4.62M3.06%-293Timeline
MCOMOODYS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,404 shares; 2024Q4: 5,337 shares; 2025Q1: 7,197 shares; 2025Q2: 9,157 shares 9,157$4.59M3.04%+1,960Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,360 shares; 2024Q4: 9,241 shares; 2025Q1: 9,135 shares; 2025Q2: 9,098 shares 9,098$4.53M3%-37Timeline
GEGE AEROSPACEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,333 shares; 2024Q4: 12,741 shares; 2025Q1: 12,665 shares; 2025Q2: 17,456 shares 17,456$4.49M2.97%+4,791Timeline
BSVVANGUARD BD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 55,541 shares; 2025Q1: 58,856 shares; 2025Q2: 56,053 shares 56,053$4.41M2.92%-2,803Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,338 shares; 2024Q4: 11,210 shares; 2025Q1: 10,927 shares; 2025Q2: 12,128 shares 12,128$4.31M2.85%+1,201Timeline
SHPROSHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 42,746 shares; 2025Q1: not reported; 2025Q2: 100,587 shares 100,587$3.99M2.64%newTimeline
CCJCAMECO CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 47,059 shares; 2024Q4: 46,330 shares; 2025Q1: 45,025 shares; 2025Q2: 44,713 shares 44,713$3.32M2.2%-312Timeline
AMLPALPS ETF TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 21,622 shares; 2024Q4: 31,124 shares; 2025Q1: 48,216 shares; 2025Q2: 65,682 shares 65,682$3.21M2.12%+17,466Timeline
BIVVANGUARD BD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 37,970 shares; 2025Q1: 40,449 shares; 2025Q2: 39,546 shares 39,546$3.06M2.03%-903Timeline
WMTWALMART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 32,177 shares; 2024Q4: 31,737 shares; 2025Q1: 30,963 shares; 2025Q2: 30,844 shares 30,844$3.02M2%-119Timeline
GSGOLDMAN SACHS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,318 shares; 2024Q4: 4,265 shares; 2025Q1: 4,163 shares; 2025Q2: 4,144 shares 4,144$2.93M1.94%-19Timeline
ABBVABBVIE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 14,990 shares; 2024Q4: 14,778 shares; 2025Q1: 14,306 shares; 2025Q2: 14,239 shares 14,239$2.64M1.75%-67Timeline
PSQPROSHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 77,390 shares 77,390$2.6M1.72%newTimeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,888 shares; 2024Q4: 16,542 shares; 2025Q1: 12,651 shares; 2025Q2: 12,325 shares 12,325$2.53M1.67%-326Timeline
OXYOCCIDENTAL PETE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,149 shares; 2024Q4: 64,050 shares; 2025Q1: 62,990 shares; 2025Q2: 59,375 shares 59,375$2.49M1.65%-3,615Timeline
BABOEING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,144 shares; 2024Q4: 11,043 shares; 2025Q1: 10,916 shares; 2025Q2: 10,861 shares 10,861$2.28M1.51%-55Timeline
JNJJOHNSON & JOHNSONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 13,648 shares; 2024Q4: 13,421 shares; 2025Q1: 13,095 shares; 2025Q2: 13,046 shares 13,046$1.99M1.32%-49Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,639 shares; 2024Q4: 4,575 shares; 2025Q1: 4,445 shares; 2025Q2: 4,191 shares 4,191$1.7M1.13%-254Timeline
VWOVANGUARD INTL EQUITY INDEX FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 53,109 shares; 2024Q4: 35,237 shares; 2025Q1: 34,266 shares; 2025Q2: 32,951 shares 32,951$1.63M1.08%-1,315Timeline
SCHZSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,617 shares; 2024Q4: 63,155 shares; 2025Q1: 66,088 shares; 2025Q2: 66,630 shares 66,630$1.55M1.03%+542Timeline
RSGREPUBLIC SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,330 shares; 2024Q4: 6,241 shares; 2025Q1: 6,054 shares; 2025Q2: 6,026 shares 6,026$1.49M0.98%-28Timeline
WMWASTE MGMT INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,625 shares; 2024Q4: 6,549 shares; 2025Q1: 6,378 shares; 2025Q2: 6,353 shares 6,353$1.45M0.96%-25Timeline
VEAVANGUARD TAX-MANAGED FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,616 shares; 2024Q4: 26,168 shares; 2025Q1: 26,267 shares; 2025Q2: 23,744 shares 23,744$1.35M0.9%-2,523Timeline
INDAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,837 shares; 2024Q4: 24,427 shares; 2025Q1: 23,739 shares; 2025Q2: 23,614 shares 23,614$1.31M0.87%-125Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,381 shares; 2024Q4: 4,327 shares; 2025Q1: 4,211 shares; 2025Q2: 4,193 shares 4,193$1.31M0.87%-18Timeline
WFCWELLS FARGO & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,007 shares; 2024Q4: 15,806 shares; 2025Q1: 15,367 shares; 2025Q2: 15,295 shares 15,295$1.23M0.81%-72Timeline
AVBAVALONBAY CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,038 shares; 2024Q4: 7,441 shares; 2025Q1: 5,953 shares; 2025Q2: 5,953 shares 5,953$1.21M0.8%0Timeline
BTIBRITISH AMERN TOB PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,812 shares; 2024Q4: 25,445 shares; 2025Q1: 24,721 shares; 2025Q2: 24,619 shares 24,619$1.17M0.77%-102Timeline
QCOMQUALCOMM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,153 shares; 2024Q4: 7,037 shares; 2025Q1: 6,827 shares; 2025Q2: 6,788 shares 6,788$1.08M0.72%-39Timeline
FERFERROVIAL NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 19,722 shares; 2025Q2: 19,702 shares 19,702$1.06M0.7%-20Timeline
JOEST JOE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 21,249 shares; 2025Q2: 21,150 shares 21,150$1.01M0.67%-99Timeline
NVONOVO-NORDISK A SQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 13,844 shares 13,844$956K0.63%newTimeline
XLKSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,269 shares; 2024Q4: 3,862 shares; 2025Q1: 3,882 shares; 2025Q2: 3,711 shares 3,711$940K0.62%-171Timeline
DHRDANAHER CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,485 shares; 2024Q4: 4,386 shares; 2025Q1: 4,064 shares; 2025Q2: 4,064 shares 4,064$803K0.53%0Timeline
SCHFSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 8,755 shares; 2024Q4: 26,897 shares; 2025Q1: 28,563 shares; 2025Q2: 28,079 shares 28,079$621K0.41%-484Timeline
VTIVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,960 shares; 2024Q4: 1,960 shares; 2025Q1: 1,960 shares; 2025Q2: 1,960 shares 1,960$596K0.39%0Timeline
JPMJPMORGAN CHASE & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,398 shares; 2024Q4: 1,398 shares; 2025Q1: 1,398 shares; 2025Q2: 1,398 shares 1,398$405K0.27%0Timeline
XLFSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,799 shares; 2024Q4: 7,691 shares; 2025Q1: 7,722 shares; 2025Q2: 7,424 shares 7,424$389K0.26%-298Timeline
IJRISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 3,215 shares; 2025Q1: 3,089 shares; 2025Q2: 2,974 shares 2,974$325K0.22%-115Timeline
XLVSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,701 shares; 2024Q4: 2,440 shares; 2025Q1: 2,455 shares; 2025Q2: 2,369 shares 2,369$319K0.21%-86Timeline
PGPROCTER & GAMBLE COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,982 shares; 2024Q4: 1,983 shares; 2025Q1: 1,932 shares; 2025Q2: 1,932 shares 1,932$308K0.2%0Timeline
SCHESCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 19,465 shares; 2024Q4: 9,645 shares; 2025Q1: 9,561 shares; 2025Q2: 9,395 shares 9,395$283K0.19%-166Timeline
XLCSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,372 shares; 2024Q4: 2,599 shares; 2025Q1: 2,605 shares; 2025Q2: 2,501 shares 2,501$271K0.18%-104Timeline
XLYSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,715 shares; 2024Q4: 1,261 shares; 2025Q1: 1,266 shares; 2025Q2: 1,210 shares 1,210$263K0.17%-56Timeline
XLISELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,282 shares; 2024Q4: 2,027 shares; 2025Q1: 1,847 shares; 2025Q2: 1,774 shares 1,774$262K0.17%-73Timeline
FDLFIRST TR EXCHANGE-TRADED FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,800 shares; 2024Q4: 5,800 shares; 2025Q1: 5,800 shares; 2025Q2: 5,800 shares 5,800$243K0.16%0Timeline
NVDANVIDIA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,822 shares; 2024Q4: 2,622 shares; 2025Q1: 2,172 shares; 2025Q2: 1,497 shares 1,497$237K0.16%-675Timeline

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
NKENIKE INC63,860$4.05Mshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001509873-25-000005 base2025-07-30acceptance time not in the bulk data set