Sterling Financial Group, Inc.

Sterling Financial Group’s $316 million book is one of the most ETF-dominant portfolios in the dataset. Of its 73 positions, the top eight are all exchange-traded funds — Invesco S&P 500 Quality (SPHQ), Amplify Dividend (DIVO), JPMorgan Growth (JGRO), iShares International Quality (INTF), an iShares core bond fund, and four Invesco self-indexed sleeves (BSCS, BSCW, IDVO, and BSMT). Individual stocks — Apple, Nvidia, Microsoft, Alphabet, Amazon, Meta, Tesla, and a handful of others — account for less than 10% of assets combined.

The Q3 2025 activity was concentrated in the ETF core. The fund increased its Invesco self-indexed holdings sharply: BSCS by $5.1 million, BSCW by $7.6 million, and INTF by $7.7 million. IDVO and DIVO were also built by $4.6 million and $4.2 million respectively. On the fixed-income side, the fund exited its SPDR long-term bond (SPLB) and SPDR municipal-bond (TFI) positions entirely, replacing them with shorter-duration or equity-linked fixed-income sleeves. The ultrashort GSY was trimmed, while the JPMorgan short-term JMST maintained its weight despite a share reduction.