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Asset Manager ← All Institutions

STERLING INVESTMENT MANAGEMENT, LLC

6262 N. SWAN ROAD, SUITE 210, TUCSON, AZ 85718 • 5202933311

Q3 2025 · Filed 2025-10-20
Market Value
$161M
+11.1%
Holdings
65
+10
New Purchases
11
Added To
11
Closed
1
Reduced
37
Top 10 Concentration
50.2%
Turnover
18.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VMBS 9.42% 7.34% +2.08% $15M
PEP 1.83% 0.00% +1.83% $3M
AMLP 2.95% 2.21% +0.74% $5M
RIO 0.68% 0.00% +0.68% $1M
TFC 0.57% 0.00% +0.57% $923K
MO 0.56% 0.00% +0.56% $902K
CVX 0.55% 0.00% +0.55% $896K
VZ 0.55% 0.00% +0.55% $890K
PSA 0.54% 0.00% +0.54% $879K
VICI 0.54% 0.00% +0.54% $864K
KOF 0.53% 0.00% +0.53% $849K
TEF 0.52% 0.00% +0.52% $846K
GLD 7.74% 7.40% +0.34% $12M
SPGI 3.54% 3.20% +0.34% $6M
GE 3.40% 3.09% +0.31% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BRK-B 9.33% 10.99% -1.66% $15M
CNI 2.21% 3.64% -1.43% $4M
BTI 0.00% 0.80% -0.80% $0
OXY 1.10% 1.72% -0.61% $2M
BIL 4.22% 4.81% -0.59% $7M
GS 1.52% 2.02% -0.50% $2M
MCO 2.69% 3.16% -0.47% $4M
CCJ 1.82% 2.28% -0.46% $3M
SH 2.29% 2.75% -0.45% $4M
ABBV 1.42% 1.82% -0.40% $2M
BSV 2.67% 3.03% -0.36% $4M
V 2.62% 2.96% -0.34% $4M
PSQ 1.48% 1.79% -0.31% $2M
AAPL 1.44% 1.74% -0.30% $2M
BIV 1.86% 2.10% -0.24% $3M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 62.8%
Industrials 8.3%
Consumer Defensive 8.0%
Technology 6.6%
Communication Services 4.8%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 22 $64M 39.9%
Large Cap 38 $88M 54.8%
Mid Cap 3 $3M 1.6%
Small Cap 2 $6M 3.8%

Portfolio Analytics

Avg Market Cap
$451.2B
Median Market Cap
$103.7B
Avg P/E
28.5
Median P/E
25.2
Avg Dividend Yield
0.02%
Avg Beta
0.74
# Stocks
41
# ETFs / Funds
24

Top Holdings (65 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VMBS 9.42% 323,900 $15M $46.96 $5M +93,512 +40.6%
2 BRK-B 9.33% 29,964 $15M $502.74 -$910K -2,920 -8.9%
3 GLD 7.74% 35,130 $12M $355.47 $2M -144 -0.4%
4 BIL 4.22% 74,183 $7M $91.75 -$178K -1,961 -2.6%
5 SPGI 3.54% 11,749 $6M $486.71 $1M +2,916 +33.0%
6 GOOG 3.41% 22,626 $6M $243.55 $685K -4,579 -16.8%
7 GE 3.40% 18,260 $5M $300.82 $1000K +804 +4.6%
8 BRK-A 3.27% 7 $5M $754,200.00 $178K
9 AMLP 2.95% 101,482 $5M $46.93 $2M +35,800 +54.5%
10 MSFT 2.91% 9,074 $5M $517.95 $174K -24 -0.3%
11 MCO 2.69% 9,128 $4M $476.48 -$244K -29 -0.3%
12 BSV 2.67% 54,672 $4M $78.91 -$97K -1,381 -2.5%
13 V 2.62% 12,411 $4M $341.38 -$69K +283 +2.3%
14 SH 2.29% 100,192 $4M $36.96 -$288K -395 -0.4%
15 CNI 2.21% 37,845 $4M $94.30 -$2M -12,958 -25.5%
16 WMT 2.02% 31,681 $3M $103.06 $249K +837 +2.7%
17 BIV 1.86% 38,536 $3M $78.09 -$49K -1,010 -2.5%
18 PEP 1.83% 21,079 $3M $140.44 +21,079 NEW
19 CCJ 1.82% 35,062 $3M $83.86 -$379K -9,651 -21.6%
20 GS 1.52% 3,077 $2M $796.35 -$483K -1,067 -25.8%
21 PSQ 1.48% 77,088 $2M $31.04 -$212K -302 -0.4%
22 BA 1.45% 10,822 $2M $215.83 $60K -39 -0.4%
23 AAPL 1.44% 9,133 $2M $254.63 -$203K -3,192 -25.9%
24 ABBV 1.42% 9,909 $2M $231.54 -$349K -4,330 -30.4%
25 JNJ 1.32% 11,488 $2M $185.43 $137K -1,558 -11.9%
26 OXY 1.10% 37,736 $2M $47.25 -$711K -21,639 -36.4%
27 VWO 1.09% 32,398 $2M $54.18 $126K -553 -1.7%
28 TMO 1.03% 3,445 $2M $485.02 -$28K -746 -17.8%
29 SCHZ 0.93% 63,699 $1M $23.47 -$53K -2,931 -4.4%
30 UNH 0.92% 4,285 $1M $345.30 $172K +92 +2.2%
31 RSG 0.89% 6,267 $1M $229.48 -$48K +241 +4.0%
32 WM 0.89% 6,490 $1M $220.83 -$21K +137 +2.2%
33 VEA 0.84% 22,635 $1M $59.92 $3K -1,109 -4.7%
34 WFC 0.79% 15,243 $1M $83.82 $52K -52 -0.3%
35 INDA 0.76% 23,510 $1M $52.06 -$91K -104 -0.4%
36 AVB 0.71% 5,953 $1M $193.17 -$61K
37 QCOM 0.70% 6,765 $1M $166.36 $44K -23 -0.3%
38 NVO 0.69% 19,946 $1M $55.49 $151K +6,102 +44.1%
39 RIO 0.68% 16,672 $1M $66.01 +16,672 NEW
40 JOE 0.65% 21,064 $1M $49.48 $33K -86 -0.4%
41 XLK 0.62% 3,527 $994K $281.86 $54K -184 -5.0%
42 TFC 0.57% 20,188 $923K $45.72 +20,188 NEW
43 MO 0.56% 13,652 $902K $66.06 +13,652 NEW
44 CVX 0.55% 5,768 $896K $155.29 +5,768 NEW
45 VZ 0.55% 20,247 $890K $43.95 +20,247 NEW
46 PSA 0.54% 3,044 $879K $288.85 +3,044 NEW
47 VICI 0.54% 26,500 $864K $32.61 +26,500 NEW
48 KOF 0.53% 10,217 $849K $83.10 +10,217 NEW
49 TEF 0.52% 166,606 $846K $5.08 +166,606 NEW
50 DHR 0.50% 4,063 $806K $198.26 $3K -1 -0.0%
51 SCHF 0.39% 26,893 $626K $23.28 $6K -1,186 -4.2%
52 VTI 0.37% 1,800 $591K $328.17 -$5K -160 -8.2%
53 JPM 0.27% 1,398 $441K $315.43 $36K
54 XLF 0.24% 7,077 $381K $53.87 -$8K -347 -4.7%
55 IJR 0.21% 2,826 $336K $118.83 $11K -148 -5.0%
56 XLV 0.19% 2,252 $313K $139.17 -$6K -117 -4.9%
57 SCHE 0.19% 8,971 $299K $33.37 $16K -424 -4.5%
58 PG 0.18% 1,934 $297K $153.63 -$11K +2 +0.1%
59 XLC 0.17% 2,375 $281K $118.37 $10K -126 -5.0%
60 NVDA 0.17% 1,497 $279K $186.58 $43K
61 XLY 0.17% 1,146 $275K $239.64 $12K -64 -5.3%
62 XLI 0.16% 1,694 $261K $154.23 -$434 -80 -4.5%
63 FDL 0.16% 5,800 $252K $43.41 $9K
64 VYM 0.13% 1,500 $211K $140.97 +1,500 NEW
65 BTI —% -$1M -24,619 -100.0% SOLD

New Positions

SymbolValue% Port
PEP $3M 1.83%
RIO $1M 0.68%
TFC $923K 0.57%
MO $902K 0.56%
CVX $896K 0.55%
VZ $890K 0.55%
PSA $879K 0.54%
VICI $864K 0.54%
KOF $849K 0.53%
TEF $846K 0.52%
VYM $211K 0.13%

Sold Out Positions

SymbolValue% Port
BTI —%
View SEC EDGAR Filings for STERLING INVESTMENT MANAGEMENT, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms