No, this is not right either, for he holds all being in their very existence. THe God beyond being, the cause of all being, transcendent and unthinkable, for our sake became man to rescue us from the tyranny of death and the devil, and he has granted to men the real possibility of salvation. But why he seems to do more for some and not others is a mystery.
But what is true is this- Every fiber of every creature continues to exist only because he sustains its existence. He gives life to the innocent and the wicked. He sustains the saint and their mystical visions, and he sustains the sinner and their wickedness (but he is not the cause of their wickedness). All things are held together by him in a symphony, even if the fall has struck a discordant note in the whole of creation, he has written the music of being to account for it, and it will all culminate in the climax of victory and glorification of the justice and the mercy, the grace and condescension, the love and severity and majesty of the Trinity.