1y return+8.5%S&P 500 +20.9%
3y return+33.4%S&P 500 +68.5%
5y return+22.7%S&P 500 +74.5%
10y return+104.2%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $204 against $357 in the S&P 500.2
Sterling Investment Management, LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| VMBSVanguard Mortgage-backed Securities Etf | $15.0M | 8.2% | −2.7% |
| BRK/BBerkshire Hathaway Inc Del Cl B New | $12.2M | 6.7% | −6.1% |
| GLDSpdr Gold Shares | $11.8M | 6.5% | −2.5% |
| GEGe Aerospace Com New | $10.2M | 5.6% | +4.2% |
| JAAAJanus Henderson Aaa Clo Etf | $8.9M | 4.9% | New |
| SPGIS&p Global Inc Com | $8.0M | 4.4% | −2.5% |
| SHProshares Short S&p500 | $7.6M | 4.2% | New |
| MCOMoodys Corp Com | $7.1M | 3.9% | −2.4% |
| VVisa Inc Com Cl A | $7.1M | 3.9% | −5.3% |
| XLEState Street Energy Select Sector Spdr Etf | $6.2M | 3.4% | New |
| GOOGAlphabet Inc Cap Stk Cl C | $5.9M | 3.2% | −30.0% |
| MSFTMicrosoft Corp Com | $5.3M | 2.9% | −5.5% |
| BRK/ABerkshire Hathaway Inc Del Cl A | $5.2M | 2.9% | |
| AMLPAlerian Mlp Etf | $4.9M | 2.7% | −2.7% |
| PEPPepsico Inc Com | $4.4M | 2.4% | −2.2% |
| CPCanadian Pacific Kansas City Com | $4.3M | 2.3% | −2.3% |
| BSVVanguard Short-term Bond Etf | $3.9M | 2.1% | −7.8% |
| CCJCameco Corp Com | $3.4M | 1.9% | |
| WMWaste Mgmt Inc Del Com | $3.2M | 1.8% | −2.5% |
| PSQProshares Short Qqq | $3.1M | 1.7% | New |
| BIVVanguard Intermediate-term Bond Etf | $2.6M | 1.4% | −8.6% |
| AAPLApple Inc Com | $2.5M | 1.4% | −8.4% |
| VBILVanguard 0-3 Month Treasury Bill Etf | $2.3M | 1.2% | −21.8% |
| SAPSap Se Spon Adr | $2.3M | 1.2% | +142.0% |
| BABoeing Co Com | $2.2M | 1.2% | −3.3% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| CCJCameco Corp Com | September 30, 2020 | +908.6% | $3.4M |
| GOOGAlphabet Inc Cap Stk Cl C | June 30, 2020 | +399.9% | $5.9M |
| XLKState Street Technology Select Sector Spdr Etf | June 30, 2020 | +264.7% | $974K |
| AAPLApple Inc Com | June 30, 2020 | +217.3% | $2.5M |
| BRK/BBerkshire Hathaway Inc Del Cl B New | June 30, 2020 | +180.3% | $12.2M |
| BRK/ABerkshire Hathaway Inc Del Cl A | June 30, 2020 | +180.2% | $5.2M |
| GEGe Aerospace Com New | June 30, 2024 | +135.1% | $10.2M |
| GLDSpdr Gold Shares | June 30, 2020 | +120.1% | $11.8M |
| WMWaste Mgmt Inc Del Com | June 30, 2020 | +110.4% | $3.2M |
| VTIVanguard Total Stock Market Etf | September 30, 2022 | +106.2% | $2.0M |
Sold off last quarter
- WMTWalmart Inc Com was $3.8M
- JOESt Joe Co Com was $1.3M
- CNICanadian Natl Ry Co Com was $280K
- PGProcter & Gamble Co Com was $260K
- Honeywell Intl Inc ComCUSIP 438516106 was $216K
- VLOValero Energy Corp Com was $206K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +2.9% | +14.8% |
| March 31, 2026 | −2.5% | −4.6% |
| December 31, 2025 | +3.2% | +2.4% |
| September 30, 2025 | +4.9% | +7.8% |
| June 30, 2025 | +3.2% | +10.5% |
| March 31, 2025 | +4.9% | −4.6% |
| December 31, 2024 | −2.6% | +2.1% |
| September 30, 2024 | +6.0% | +5.4% |
| June 30, 2024 | −0.7% | +4.0% |
| March 31, 2024 | +5.6% | +10.0% |
| December 31, 2023 | +5.4% | +11.2% |
| September 30, 2023 | −0.5% | −3.6% |
| June 30, 2023 | +2.7% | +8.3% |
| March 31, 2023 | +1.4% | +7.0% |
| December 31, 2022 | +6.3% | +7.1% |
| September 30, 2022 | −7.2% | −5.3% |
| June 30, 2022 | −13.4% | −16.5% |
| March 31, 2022 | +0.0% | −4.9% |
| December 31, 2021 | +3.7% | +10.7% |
| September 30, 2021 | −0.3% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Sterling Investment Management, LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1509873&type=13F-HR&dateb=&owner=include&count=40CIK 1509873
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1509873/000150987326000007/Filed July 22, 2026 · accession 0001509873-26-000007