Sterling Investment Management 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ALTRIA GROUP	COM	02209S103	4,574	84,088	SH		SOLE		0	0	84,088
AMERICAN INTERNATIONAL GROUP	COM NEW	26874784	2,443	42,989	SH		SOLE		0	0	42,989
ANHEUSER BUSCH CO INC	SPONSORED ADR	03524A108	2,455	23,087	SH		SOLE		0	0	23,087
ANTHEM INC	COM	36752103	2,831	20,220	SH		SOLE		0	0	20,220
AON PLC	SHS CL A	G0408V102	1,088	12,280	SH		SOLE		0	0	12,280
APPLE INC	COM	37833100	4,722	42,808	SH		SOLE		0	0	42,808
BANK OF AMERICA	COM	60505104	3,346	214,786	SH		SOLE		0	0	214,786
BERKSHIRE HATHAWAY INC DEL	CL B	84670702	7,379	56,584	SH		SOLE		0	0	56,584
BERKSHIRE HATHAWAY INC DEL	CL A	84670108	4,491	23	SH		SOLE		0	0	23
BRITISH PETROLEUM PLC	SPONSORED ADR	55622104	1,271	41,598	SH		SOLE		0	0	41,598
CATERPILLAR INC DEL	COM	149123101	549	8,402	SH		SOLE		0	0	8,402
CHESAPEAKE ENERGY CORP	COM	165167107	4,554	621,222	SH		SOLE		0	0	621,222
CHINA MOBILE LIMITED	SPONSORED ADR	16941M109	1,776	29,851	SH		SOLE		0	0	29,851
CISCO SYS INC	COM	17275R102	3,872	147,519	SH		SOLE		0	0	147,519
CITIGROUP INC	COM NEW	172967424	2,737	55,179	SH		SOLE		0	0	55,179
COMCAST CORP CLASS A	CL A	20030N101	4,516	79,402	SH		SOLE		0	0	79,402
CVS HEALTH CORP	COM	126650100	2,505	25,965	SH		SOLE		0	0	25,965
DANAHER CORP DEL	COM	235851102	583	6,839	SH		SOLE		0	0	6,839
EOG RESOURCES INC	COM	26875P101	1,475	20,255	SH		SOLE		0	0	20,255
EMC CORPORATION MASS	COM	268648102	2,595	107,400	SH		SOLE		0	0	107,400
ENBRIDGE ENERGY MANAGEMENT LLC	SHS UNITS LLI	29250X103	769	32,329	SH		SOLE		0	0	32,329
ENBRIDGE ENERGY PARTNERS L P	COM	29250R106	821	33,202	SH		SOLE		0	0	33,202
ENERGY TRANSFER PARTNERS UNITS REP L	UNIT LTD PARTN	29273R109	2,821	68,690	SH		SOLE		0	0	68,690
ENSCO PLC	SHS CLASS A	G3157S106	1,060	75,290	SH		SOLE		0	0	75,290
EXXON MOBIL CORP	COM	30231G102	304	4,093	SH		SOLE		0	0	4,093
FLY LEASING LTD	SPONSORED ADR	34407D109	621	47,077	SH		SOLE		0	0	47,077
FOOT LOCKER INC	COM	344849104	847	11,773	SH		SOLE		0	0	11,773
FREEPORT MCMORAN INC	CL B	35671D857	1,112	114,726	SH		SOLE		0	0	114,726
GOLDMAN SACHS GROUP INC	COM	38141G104	3,009	17,318	SH		SOLE		0	0	17,318
GOOGLE INC	CL A	38259P508	2,147	3,364	SH		SOLE		0	0	3,364
GOOGLE INC	CL C	38259P706	1,592	2,616	SH		SOLE		0	0	2,616
HILLENBRAND INC	COM	431571108	259	9,946	SH		SOLE		0	0	9,946
HILL ROM HLDGS INC	COM	431475102	764	14,700	SH		SOLE		0	0	14,700
INTERDIGITAL INC	COM	45867G101	497	9,820	SH		SOLE		0	0	9,820
INTERNATIONAL BUSINESS MACHS	COM	459200101	217	1,497	SH		SOLE		0	0	1,497
IRIDIUM COMMUNICATIONS INC.	COM	46269C102	800	130,018	SH		SOLE		0	0	130,018
ISHARES DOW JONES US TECHNOLOGY	US TECH ETF	464287721	334	3,380	SH		SOLE		0	0	3,380
KINDER MORGAN INC DEL	COM	49456B101	2,800	101,158	SH		SOLE		0	0	101,158
MARVELL TECHNOLOGY GROUP LTD	ORD	G5876H105	238	26,268	SH		SOLE		0	0	26,268
MICROSOFT CORP	COM	594918104	5,554	125,479	SH		SOLE		0	0	125,479
NOBLE CORP PLC	SHS USD	G65431901	181	16,560	SH		SOLE		0	0	16,560
OAKTREE CAPITAL GROUP LLC	UNIT CL A	674001201	1,621	32,755	SH		SOLE		0	0	32,755
OCCIDENTAL PETE CORP DEL	COM	674599105	3,493	52,806	SH		SOLE		0	0	52,806
ORACLE CORPORATION	COM	68389X105	1,333	36,915	SH		SOLE		0	0	36,915
OREXIGEN THERAPEUTICS INC	COM	686164104	32	15,025	SH		SOLE		0	0	15,025
PAYPAL HOLDINGS	COM NEW	70450Y103	2,399	77,275	SH		SOLE		0	0	77,275
PFIZER INC	COM	717081103	2,915	92,803	SH		SOLE		0	0	92,803
PHILIP MORRIS INTL INC	COM	718172109	2,651	33,420	SH		SOLE		0	0	33,420
PLAINS ALL AMERICAN PIPELINE LP	UNITN LTD PARTN	726503105	1,323	43,555	SH		SOLE		0	0	43,555
PLUM CREEK TIMBER CO INC	COM	729251108	1,117	28,282	SH		SOLE		0	0	28,282
POWERSHARES	EMER MK 50 ADR	09348R300	324	11,600	SH		SOLE		0	0	11,600
PROCTER & GAMBLE CO	COM	742718109	254	3,532	SH		SOLE		0	0	3,532
QUALCOMM INC	COM	747525103	2,269	42,239	SH		SOLE		0	0	42,239
RAYONIER INC	COM	754907103	222	10,077	SH		SOLE		0	0	10,077
ROYAL DUTCH SHELL	SPONS ADR B	780259107	1,234	26,035	SH		SOLE		0	0	26,035
RYANAIR HLDGS PLC	SPONSORED ADR	783513104	2,764	35,302	SH		SOLE		0	0	35,302
SEADRILL LIMITED	SHS	G7945E105	383	64,995	SH		SOLE		0	0	64,995
SEARS HLDGS CORP	COM	812350106	653	28,905	SH		SOLE		0	0	28,905
SEVENTY SEVEN ENERGY	COM	818097107	484	350,771	SH		SOLE		0	0	350,771
SOHU COM INC	COM	83408W103	465	11,265	SH		SOLE		0	0	11,265
SPDR GOLD TRUST	GOLD SHS	78463V107	2,170	20,311	SH		SOLE		0	0	20,311
TAIWAN SEMICONDUCTOR	SPONSORED ADR	874039100	585	28,204	SH		SOLE		0	0	28,204
THE ADT CORPORATION	COM	00101J106	1,974	66,016	SH		SOLE		0	0	66,016
TIVO INC	COM	888706108	461	53,190	SH		SOLE		0	0	53,190
TRANSOCEAN	REG SHS	H8817H100	137	10,605	SH		SOLE		0	0	10,605
UNITEDHEALTH GROUP INC	COM	91324P102	2,076	17,896	SH		SOLE		0	0	17,896
VERIZON COMMUNICATIONS	COM	92343V104	3,806	87,478	SH		SOLE		0	0	87,478
VODAFONE GROUP PLC NEW	SPNSR ADR NO PAR	92857W308	961	30,287	SH		SOLE		0	0	30,287
WAL MART STORES INC	COM	931142103	2,514	38,779	SH		SOLE		0	0	38,779