Sterling Investment Management Q2 2026 Portfolio Activity

As of June 30th, 2026, Sterling Investment Management LLC maintained a substantial portfolio valued at $172.4 million.

New Purchases & Significant Increases

This quarter saw Sterling Investment Management make several notable additions to its holdings:

• JANUS HENDERSON AAA CLO ETF (JAAA): Sterling purchased a significant position in this fund, acquiring 176,782 shares representing approximately $9 million worth of the ETF. This translates to an increase of JAAA by a staggering 100% in their portfolio, boosting its allocation from previous levels.
• PROSHARES SHORT QQQ (PSQ): Sterling initiated a new position with this ETF, adding 121,827 shares valued at $3.05 million. The PSQ allocation now stands at about 1.67% of the total portfolio.
• STATE STREET ENERGY SELECT SECTOR SPDR ETF (XLE): Sterling also established a new position in this sector-specific ETF, acquiring all 117,244 shares currently held, valued at $6.23 million. The XLE allocation is now approximately 3.42%.
• SAP SE SPON ADR (SAP): Sterling significantly increased their stake in this Technology company, acquiring an additional 8,649 shares worth $1.7 million during the quarter. The SAP allocation now accounts for about 1.25% of the portfolio.
• ALPHABET INC CAP STK CL C (GOOG): Sterling purchased shares in this Communication Services company, adding a position valued at $5.89 million ($1.67 million worth based on current price). The GOOG allocation is now approximately 3.23%.

Significant Sales & Reductions

In contrast to the new purchases, Sterling Investment Management also divested substantial portions of some holdings during Q2:

• JOHNSON & JOHNSON COM (JNJ): Sterling sold shares in this Healthcare ETF, reducing their position by 95.16% (-8,675 out of total shares held). The remaining JNJ allocation is now just about $0.3 million or 0.2%.
• VANGUARD MORTGAGE-BACKED SECURITIES ETF (VMBS): Sterling reduced their position in this ETF by approximately $1.5 million, equivalent to a 2.66% decrease in shares (-8,754 shares). The VMBS allocation now stands at about $15 million or 8.21%.
• VANGUARD SHORT-TERM BOND ETF (BSV): Sterling decreased their position in this Bond ETF by approximately $3.9 million, equivalent to a 7.85% reduction (-4,227 shares). The BSV allocation now stands at about $3.9 million or 2.12%.
• VANGUARD INTERMEDIATE-TERM BOND ETF (BIV): Sterling reduced their position in this Bond ETF by approximately $0.8 million, equivalent to an 8.57% decrease (-3,221 shares). The BIV allocation now stands at about $2.6 million or 1.45%.
• VANGUARD TOTAL INTERNATIONAL BOND ETF (BNDX): Sterling reduced their position in this Bond ETF by approximately $0.8 million, equivalent to an 8.66% decrease (-3,908 shares). The BNDX allocation now stands at about $1.9 million or 1.09%.

Moderate Changes & Portfolio Context

Beyond the most significant shifts, Sterling Investment Management also adjusted other positions:

• BERKSHIRE HATHAWAY INC DEL CL B NEW (BRK-B): They sold approximately $6 million worth of shares (-$1571), reducing their allocation slightly to about 6.67%.
• S&P GLOBAL INC COM (SPGI): Sterling reduced their position in this Financial Services company by a small percentage, equivalent to a decrease of around -$0.8 million (-243 shares).
• GOOGL: They sold approximately $16 million worth of Google stock (-7,136 shares), reducing the allocation slightly.
• Moodys Corp Com (MCO): Sterling reduced their position in this Financial Services ETF by a small percentage, equivalent to a decrease of around -$0.5 million (-243 shares).

These changes reflect the dynamic nature of Sterling's portfolio management during Q2 2026.