# EDGAR Filing Document

**Accession Number:** 0001509873
**File Stem:** 0001509873-26-000002
**Filing Date:** 2026-2
**Character Count:** 11139
**Document Hash:** c398ae4d73eb6d72165c1cfa7320a70e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001509873-26-000002.hdr.sgml**: 20260203

**ACCESSION NUMBER**: 0001509873-26-000002

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260203

**DATE AS OF CHANGE**: 20260202

**EFFECTIVENESS DATE**: 20260203

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STERLING INVESTMENT MANAGEMENT, LLC
- **CENTRAL INDEX KEY:** 0001509873

**ORGANIZATION NAME:**
- **EIN:** 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:** 26589219

**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:** 12-31-2025

**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  02-02-2026<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:** 69

**Form 13F Information Table Value Total:** $176335784

      (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

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 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 |
| STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF | ETF | 81369Y803 |  | 919392 | 6386 | SH |  | SOLE | 0 | 0 | 0 | 6386 |
| JOHNSON  JOHNSON COM | Stock | 478160104 |  | 2345625 | 11334 | SH |  | SOLE | 0 | 0 | 0 | 11334 |
| WASTE MGMT INC DEL COM | Stock | 94106L109 |  | 1422403 | 6474 | SH |  | SOLE | 0 | 0 | 0 | 6474 |
| VANGUARD TOTAL STOCK MARKET ETF | ETF | 922908769 |  | 603486 | 1800 | SH |  | SOLE | 0 | 0 | 0 | 1800 |
| GOLDMAN SACHS GROUP INC COM | Stock | 38141G104 |  | 2671281 | 3039 | SH |  | SOLE | 0 | 0 | 0 | 3039 |
| PROCTER  GAMBLE CO COM | Stock | 742718109 |  | 277262 | 1935 | SH |  | SOLE | 0 | 0 | 0 | 1934 |
| FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND | ETF | 336917109 |  | 257172 | 5800 | SH |  | SOLE | 0 | 0 | 0 | 5800 |
| TRUIST FINL CORP COM | Stock | 89832Q109 |  | 988038 | 20078 | SH |  | SOLE | 0 | 0 | 0 | 20078 |
| AVALONBAY CMNTYS INC COM | REIT | 053484101 |  | 874458 | 4823 | SH |  | SOLE | 0 | 0 | 0 | 4823 |
| VERIZON COMMUNICATIONS INC COM | Stock | 92343V104 |  | 823724 | 20224 | SH |  | SOLE | 0 | 0 | 0 | 20224 |
| PEPSICO INC COM | Stock | 713448108 |  | 4837299 | 33705 | SH |  | SOLE | 0 | 0 | 0 | 33704 |
| KIMBERLY-CLARK CORP COM | Stock | 494368103 |  | 1757907 | 17424 | SH |  | SOLE | 0 | 0 | 0 | 17424 |
| STATE STREET HEALTH CARE SELECT SECTOR SPDR ETF | ETF | 81369Y209 |  | 213934 | 1382 | SH |  | SOLE | 0 | 0 | 0 | 1382 |
| SPDR GOLD SHARES | ETF | 78463V107 |  | 13539535 | 34164 | SH |  | SOLE | 0 | 0 | 0 | 34164 |
| VICI PPTYS INC COM | REIT | 925652109 |  | 742452 | 26403 | SH |  | SOLE | 0 | 0 | 0 | 26403 |
| SCHWAB INTERNATIONAL EQUITY ETF | ETF | 808524805 |  | 625776 | 26031 | SH |  | SOLE | 0 | 0 | 0 | 26030 |
| ISHARES CORE S SMALL CAP ETF | ETF | 464287804 |  | 383735 | 3193 | SH |  | SOLE | 0 | 0 | 0 | 3193 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 15035267 | 29912 | SH |  | SOLE | 0 | 0 | 0 | 29912 |
| SCHWAB EMERGING MARKETS EQUITY ETF | ETF | 808524706 |  | 290787 | 8879 | SH |  | SOLE | 0 | 0 | 0 | 8879 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 7011039 | 14497 | SH |  | SOLE | 0 | 0 | 0 | 14497 |
| STATE STREET COMMUNICATION SERVICES SELECT SECTOR SPDR ETF | ETF | 81369Y852 |  | 263222 | 2236 | SH |  | SOLE | 0 | 0 | 0 | 2236 |
| ST JOE CO COM | Stock | 790148100 |  | 1236024 | 20819 | SH |  | SOLE | 0 | 0 | 0 | 20819 |
| BERKSHIRE HATHAWAY INC DEL CL A | Stock | 084670108 |  | 5283600 | 7 | SH |  | SOLE | 0 | 0 | 0 | 7 |
| BOEING CO COM | Stock | 097023105 |  | 2327309 | 10719 | SH |  | SOLE | 0 | 0 | 0 | 10719 |
| STATE STREET FINANCIAL SELECT SECTOR SPDR ETF | ETF | 81369Y605 |  | 371888 | 6790 | SH |  | SOLE | 0 | 0 | 0 | 6790 |
| PUBLIC STORAGE OPER CO COM | REIT | 74460D109 |  | 784469 | 3023 | SH |  | SOLE | 0 | 0 | 0 | 3023 |
| ALERIAN MLP ETF | ETF | 00162Q452 |  | 4736009 | 100723 | SH |  | SOLE | 0 | 0 | 0 | 100723 |
| VANGUARD MORTGAGE-BACKED SECURITIES ETF | ETF | 92206C771 |  | 15342148 | 325874 | SH |  | SOLE | 0 | 0 | 0 | 325874 |
| SCHWAB US AGGREGATE BOND ETF | ETF | 808524839 |  | 2010124 | 86013 | SH |  | SOLE | 0 | 0 | 0 | 86013 |
| SCHWAB US DIVIDEND EQUITY ETF | ETF | 808524797 |  | 921045 | 33578 | SH |  | SOLE | 0 | 0 | 0 | 33578 |
| VISA INC COM CL A | Stock | 92826C839 |  | 6253861 | 17832 | SH |  | SOLE | 0 | 0 | 0 | 17832 |
| ISHARES MSCI INDIA ETF | ETF | 46429B598 |  | 1252717 | 23177 | SH |  | SOLE | 0 | 0 | 0 | 23177 |
| META PLATFORMS INC CL A | Stock | 30303M102 |  | 227071 | 344 | SH |  | SOLE | 0 | 0 | 0 | 344 |
| CANADIAN PACIFIC KANSAS CITY COM | Stock | 13646K108 |  | 3756455 | 51018 | SH |  | SOLE | 0 | 0 | 0 | 51018 |
| MOODYS CORP COM | Stock | 615369105 |  | 5552429 | 10869 | SH |  | SOLE | 0 | 0 | 0 | 10869 |
| NVIDIA CORPORATION COM | Stock | 67066G104 |  | 279199 | 1497 | SH |  | SOLE | 0 | 0 | 0 | 1497 |
| ABBVIE INC COM | Stock | 00287Y109 |  | 2249256 | 9844 | SH |  | SOLE | 0 | 0 | 0 | 9844 |
| S GLOBAL INC COM | Stock | 78409V104 |  | 6883033 | 13171 | SH |  | SOLE | 0 | 0 | 0 | 13171 |
| FERROVIAL SE ORD SHS | Stock | N3168P101 |  | 1273980 | 19718 | SH |  | SOLE | 0 | 0 | 0 | 19718 |
| QUALCOMM INC COM | Stock | 747525103 |  | 1150824 | 6728 | SH |  | SOLE | 0 | 0 | 0 | 6728 |
| VANGUARD TOTAL INTERNATIONAL BOND ETF | ETF | 92203J407 |  | 2173385 | 44979 | SH |  | SOLE | 0 | 0 | 0 | 44979 |
| VANGUARD INTERMEDIATE-TERM BOND ETF | ETF | 921937819 |  | 2929690 | 37618 | SH |  | SOLE | 0 | 0 | 0 | 37618 |
| GE AEROSPACE COM NEW | Stock | 369604301 |  | 7986602 | 25928 | SH |  | SOLE | 0 | 0 | 0 | 25928 |
| STATE STREET CONSUMER DISCRETIONARY SELECT SECTOR SPDR ETF | ETF | 81369Y407 |  | 287420 | 2407 | SH |  | SOLE | 0 | 0 | 0 | 2407 |
| STATE STREET INDUSTRIAL SELECT SECTOR SPDR ETF | ETF | 81369Y704 |  | 209102 | 1348 | SH |  | SOLE | 0 | 0 | 0 | 1348 |
| WELLS FARGO  CO COM | Stock | 949746101 |  | 1404617 | 15071 | SH |  | SOLE | 0 | 0 | 0 | 15071 |
| RIO TINTO PLC SPONSORED ADR | ADR | 767204100 |  | 1306410 | 16324 | SH |  | SOLE | 0 | 0 | 0 | 16324 |
| REPUBLIC SVCS INC COM | Stock | 760759100 |  | 1320960 | 6233 | SH |  | SOLE | 0 | 0 | 0 | 6233 |
| THERMO FISHER SCIENTIFIC INC COM | Stock | 883556102 |  | 1960279 | 3383 | SH |  | SOLE | 0 | 0 | 0 | 3383 |
| JPMORGAN CHASE  CO. COM | Stock | 46625H100 |  | 450464 | 1398 | SH |  | SOLE | 0 | 0 | 0 | 1398 |
| VANGUARD 0-3 MONTH TREASURY BILL ETF | ETF | 922040845 |  | 2974431 | 39433 | SH |  | SOLE | 0 | 0 | 0 | 39433 |
| CHEVRON CORP NEW COM | Stock | 166764100 |  | 889008 | 5833 | SH |  | SOLE | 0 | 0 | 0 | 5833 |
| VANGUARD FTSE DEVELOPED MARKETS ETF | ETF | 921943858 |  | 1483850 | 23753 | SH |  | SOLE | 0 | 0 | 0 | 23753 |
| DANAHER CORPORATION COM | Stock | 235851102 |  | 928500 | 4056 | SH |  | SOLE | 0 | 0 | 0 | 4056 |
| WALMART INC COM | Stock | 931142103 |  | 3476796 | 31207 | SH |  | SOLE | 0 | 0 | 0 | 31207 |
| VANGUARD FTSE EMERGING MARKETS ETF | ETF | 922042858 |  | 1769510 | 32915 | SH |  | SOLE | 0 | 0 | 0 | 32915 |
| VANGUARD HIGH DIVIDEND YIELD INDEX ETF | ETF | 921946406 |  | 215316 | 1500 | SH |  | SOLE | 0 | 0 | 0 | 1500 |
| PFIZER INC COM | Stock | 717081103 |  | 882232 | 35431 | SH |  | SOLE | 0 | 0 | 0 | 35431 |
| ALPHABET INC CAP STK CL C | Stock | 02079K107 |  | 7533397 | 24007 | SH |  | SOLE | 0 | 0 | 0 | 24007 |
| CANADIAN NATL RY CO COM | Stock | 136375102 |  | 3129591 | 31660 | SH |  | SOLE | 0 | 0 | 0 | 31660 |
| COCA-COLA FEMSA SAB DE CV SPONS ADS REP | ADR | 191241108 |  | 961780 | 10155 | SH |  | SOLE | 0 | 0 | 0 | 10155 |
| VANGUARD LONG-TERM BOND ETF | ETF | 921937793 |  | 725372 | 10434 | SH |  | SOLE | 0 | 0 | 0 | 10434 |
| VANGUARD SHORT-TERM BOND ETF | ETF | 921937827 |  | 4401460 | 55849 | SH |  | SOLE | 0 | 0 | 0 | 55849 |
| ALTRIA GROUP INC COM | Stock | 02209S103 |  | 784437 | 13605 | SH |  | SOLE | 0 | 0 | 0 | 13604 |
| UNITEDHEALTH GROUP INC COM | Stock | 91324P102 |  | 662861 | 2008 | SH |  | SOLE | 0 | 0 | 0 | 2008 |
| NOVO-NORDISK A S ADR | ADR | 670100205 |  | 462448 | 9089 | SH |  | SOLE | 0 | 0 | 0 | 9089 |
| SAP SE SPON ADR | ADR | 803054204 |  | 1511872 | 6224 | SH |  | SOLE | 0 | 0 | 0 | 6224 |
| CAMECO CORP COM | Stock | 13321L108 |  | 3161254 | 34553 | SH |  | SOLE | 0 | 0 | 0 | 34553 |
| APPLE INC COM | Stock | 037833100 |  | 2577505 | 9481 | SH |  | SOLE | 0 | 0 | 0 | 9481 |

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