# EDGAR Filing Document

**Accession Number:** 0001509873
**File Stem:** 0001509873-23-000002
**Filing Date:** 2023-1
**Character Count:** 10140
**Document Hash:** 3e1631232440c161a4934d923dce0f3d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001509873-23-000002.hdr.sgml**: 20230112

**ACCESSION NUMBER**: 0001509873-23-000002

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230112

**DATE AS OF CHANGE**: 20230112

**EFFECTIVENESS DATE**: 20230112

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STERLING INVESTMENT MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001509873
- **IRS NUMBER:** 860802628
- **STATE OF INCORPORATION:** AZ
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-14058
- **FILM NUMBER:** 23526284

**BUSINESS ADDRESS:**
- **STREET 1:** 6262 N. SWAN ROAD, SUITE 210
- **CITY:** TUCSON
- **STATE:** AZ
- **ZIP:** 85718
- **BUSINESS PHONE:** 5202933311

**MAIL ADDRESS:**
- **STREET 1:** 6262 N. SWAN ROAD, SUITE 210
- **CITY:** TUCSON
- **STATE:** AZ
- **ZIP:** 85718

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Sterling Investment Management, Inc.
- **DATE OF NAME CHANGE:** 20110107

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** STERLING INVESTMENT MANAGEMENT LLC<br>**Address:** 6262 N. SWAN ROAD SUITE 210<br>TUCSON, AZ 85718

**Form 13F File Number:** 028-14058

**CRD Number (if applicable):** 000112923

**SEC File Number (if applicable):** 801-50373

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Crystal Kelly<br>**Title:** Chief Compliance Officer<br>**Phone:** 5202933311

**Signature, Place, and Date of Signing:**

Crystal Kelly  TUCSON, AZ  01-12-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 61

**Form 13F Information Table Value Total:** $124480820

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

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|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ABBVIE INC COM | Stock | 00287Y109 |  | 3535865 | 21879 | SH |  | SOLE |  | 0 | 0 | 21879 |
| ALERIAN MLP ETF | ETF | 00162Q452 |  | 954839 | 25081 | SH |  | SOLE |  | 0 | 0 | 25081 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 3751504 | 42280 | SH |  | SOLE |  | 0 | 0 | 42280 |
| APPLE INC COM | Stock | 037833100 |  | 2839750 | 21856 | SH |  | SOLE |  | 0 | 0 | 21856 |
| AT INC COM | Stock | 00206R102 |  | 885261 | 48085 | SH |  | SOLE |  | 0 | 0 | 48085 |
| BANK AMERICA CORP COM | Stock | 060505104 |  | 1355635 | 40931 | SH |  | SOLE |  | 0 | 0 | 40931 |
| BERKSHIRE HATHAWAY INC DEL CL A | Stock | 084670108 |  | 3280977 | 7 | SH |  | SOLE |  | 0 | 0 | 7 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 10341663 | 33479 | SH |  | SOLE |  | 0 | 0 | 33479 |
| BOSTON PROPERTIES INC COM | REIT | 101121101 |  | 655999 | 9707 | SH |  | SOLE |  | 0 | 0 | 9707 |
| BRISTOL-MYERS SQUIBB CO COM | Stock | 110122108 |  | 1593333 | 22145 | SH |  | SOLE |  | 0 | 0 | 22145 |
| BRITISH AMERN TOB PLC SPONSORED ADR | ADR | 110448107 |  | 1397741 | 34961 | SH |  | SOLE |  | 0 | 0 | 34961 |
| CAMECO CORP COM | Stock | 13321L108 |  | 1420207 | 62647 | SH |  | SOLE |  | 0 | 0 | 62647 |
| CANADIAN NATL RY CO COM | Stock | 136375102 |  | 2195595 | 18469 | SH |  | SOLE |  | 0 | 0 | 18469 |
| CANADIAN PAC RY LTD COM | Stock | 13645T100 |  | 3040960 | 40769 | SH |  | SOLE |  | 0 | 0 | 40769 |
| CHARTER COMMUNICATIONS INC NEW CL A | Stock | 16119P108 |  | 1781631 | 5254 | SH |  | SOLE |  | 0 | 0 | 5254 |
| CHEVRON CORP NEW COM | Stock | 166764100 |  | 3099972 | 17271 | SH |  | SOLE |  | 0 | 0 | 17271 |
| CITIGROUP INC COM NEW | Stock | 172967424 |  | 1161733 | 25685 | SH |  | SOLE |  | 0 | 0 | 25685 |
| CLEAR CHANNEL OUTDOOR HLDGS IN COM | Stock | 18453H106 |  | 13650 | 13000 | SH |  | SOLE |  | 0 | 0 | 13000 |
| COMCAST CORP NEW CL A | Stock | 20030N101 |  | 2339423 | 66898 | SH |  | SOLE |  | 0 | 0 | 66898 |
| COMMUNICATION SERVICES SELECT SECTOR SPDR FUND | ETF | 81369Y852 |  | 354598 | 7389 | SH |  | SOLE |  | 0 | 0 | 7389 |
| CONSUMER DISCRETIONARY SELECT SECTOR SPDR FUND | ETF | 81369Y407 |  | 392001 | 3035 | SH |  | SOLE |  | 0 | 0 | 3035 |
| CONSUMER STAPLES SELECT SECTOR SPDR FUND | ETF | 81369Y308 |  | 340470 | 4567 | SH |  | SOLE |  | 0 | 0 | 4567 |
| CROWN CASTLE INC COM | REIT | 22822V101 |  | 907296 | 6689 | SH |  | SOLE |  | 0 | 0 | 6689 |
| DANAHER CORPORATION COM | Stock | 235851102 |  | 1201026 | 4525 | SH |  | SOLE |  | 0 | 0 | 4525 |
| DIAGEO PLC SPON ADR NEW | ADR | 25243Q205 |  | 1182825 | 6638 | SH |  | SOLE |  | 0 | 0 | 6638 |
| DISNEY WALT CO COM | Stock | 254687106 |  | 1958188 | 22539 | SH |  | SOLE |  | 0 | 0 | 22539 |
| ELEVANCE HEALTH INC COM | Stock | 036752103 |  | 2164733 | 4220 | SH |  | SOLE |  | 0 | 0 | 4220 |
| ENERGY SELECT SECTOR SPDR FUND | ETF | 81369Y506 |  | 427553 | 4888 | SH |  | SOLE |  | 0 | 0 | 4888 |
| EOG RES INC COM | Stock | 26875P101 |  | 2088640 | 16126 | SH |  | SOLE |  | 0 | 0 | 16126 |
| FINANCIAL SELECT SECTOR SPDR FUND | ETF | 81369Y605 |  | 514231 | 15036 | SH |  | SOLE |  | 0 | 0 | 15036 |
| FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND | ETF | 336917109 |  | 223016 | 6100 | SH |  | SOLE |  | 0 | 0 | 6100 |
| GOLDMAN SACHS GROUP INC COM | Stock | 38141G104 |  | 1821288 | 5304 | SH |  | SOLE |  | 0 | 0 | 5304 |
| HEALTH CARE SELECT SECTOR SPDR FUND | ETF | 81369Y209 |  | 656971 | 4836 | SH |  | SOLE |  | 0 | 0 | 4836 |
| INDUSTRIAL SELECT SECTOR SPDR FUND | ETF | 81369Y704 |  | 351003 | 3574 | SH |  | SOLE |  | 0 | 0 | 3574 |
| ISHARES MSCI INDIA ETF | ETF | 46429B598 |  | 1317147 | 31556 | SH |  | SOLE |  | 0 | 0 | 31556 |
| JOHNSON  JOHNSON COM | Stock | 478160104 |  | 2504788 | 14179 | SH |  | SOLE |  | 0 | 0 | 14179 |
| LIBERTY GLOBAL PLC SHS CL A | Stock | G5480U104 |  | 1068636 | 56452 | SH |  | SOLE |  | 0 | 0 | 56452 |
| MERCK  CO INC COM | Stock | 58933Y105 |  | 205923 | 1856 | SH |  | SOLE |  | 0 | 0 | 1856 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 3504010 | 14611 | SH |  | SOLE |  | 0 | 0 | 14611 |
| OVINTIV INC COM | Stock | 69047Q102 |  | 1616584 | 31879 | SH |  | SOLE |  | 0 | 0 | 31879 |
| PIONEER NAT RES CO COM | Stock | 723787107 |  | 2802345 | 12270 | SH |  | SOLE |  | 0 | 0 | 12270 |
| PROCTER AND GAMBLE CO COM | Stock | 742718109 |  | 291741 | 1924 | SH |  | SOLE |  | 0 | 0 | 1924 |
| PROSHARES SHORT S | ETF | 74347B425 |  | 2204109 | 137499 | SH |  | SOLE |  | 0 | 0 | 137499 |
| QUALCOMM INC COM | Stock | 747525103 |  | 976267 | 8880 | SH |  | SOLE |  | 0 | 0 | 8880 |
| REPUBLIC SVCS INC COM | Stock | 760759100 |  | 1005864 | 7798 | SH |  | SOLE |  | 0 | 0 | 7798 |
| S GLOBAL INC COM | Stock | 78409V104 |  | 1391006 | 4153 | SH |  | SOLE |  | 0 | 0 | 4153 |
| SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | ETF | 78468R663 |  | 6876623 | 75179 | SH |  | SOLE |  | 0 | 0 | 75179 |
| SPDR GOLD SHARES | ETF | 78463V107 |  | 7565435 | 44597 | SH |  | SOLE |  | 0 | 0 | 44597 |
| TECHNOLOGY SELECT SECTOR SPDR FUND | ETF | 81369Y803 |  | 484196 | 3891 | SH |  | SOLE |  | 0 | 0 | 3891 |
| UNITEDHEALTH GROUP INC COM | Stock | 91324P102 |  | 2339154 | 4412 | SH |  | SOLE |  | 0 | 0 | 4412 |
| VANGUARD FTSE DEVELOPED MARKETS ETF | ETF | 921943858 |  | 1069563 | 25484 | SH |  | SOLE |  | 0 | 0 | 25484 |
| VANGUARD FTSE EMERGING MARKETS ETF | ETF | 922042858 |  | 1156069 | 29658 | SH |  | SOLE |  | 0 | 0 | 29658 |
| VANGUARD MID-CAP ETF | ETF | 922908629 |  | 284315 | 1395 | SH |  | SOLE |  | 0 | 0 | 1395 |
| VANGUARD S 500 ETF | ETF | 922908363 |  | 907511 | 2583 | SH |  | SOLE |  | 0 | 0 | 2583 |
| VANGUARD SHORT-TERM TREASURY ETF | ETF | 92206C102 |  | 16668407 | 288281 | SH |  | SOLE |  | 0 | 0 | 288281 |
| VANGUARD TOTAL STOCK MARKET ETF | ETF | 922908769 |  | 374732 | 1960 | SH |  | SOLE |  | 0 | 0 | 1960 |
| VERIZON COMMUNICATIONS INC COM | Stock | 92343V104 |  | 1248074 | 31677 | SH |  | SOLE |  | 0 | 0 | 31677 |
| VISA INC COM CL A | Stock | 92826C839 |  | 1596220 | 7683 | SH |  | SOLE |  | 0 | 0 | 7683 |
| WALMART INC COM | Stock | 931142103 |  | 1828240 | 12894 | SH |  | SOLE |  | 0 | 0 | 12894 |
| WASTE MGMT INC DEL COM | Stock | 94106L109 |  | 1821377 | 11610 | SH |  | SOLE |  | 0 | 0 | 11610 |
| WELLS FARGO CO NEW COM | Stock | 949746101 |  | 1142907 | 27680 | SH |  | SOLE |  | 0 | 0 | 27680 |

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