Phillips Financial Management, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 23, 2024), Phillips Financial Management, LLC reported 261 stock positions worth $1.2 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 9.9% of the portfolio, followed by iShares Core S&P Midcap ETF (IJH, 5.7%) and iShares Core Intl Stock ETF (IXUS, 4.7%). Compared with Q4 2023, it opened 18 new positions, sold out of 7, added to 83 and reduced 93. The biggest buy was Dimensional International (DFIC, shares +21%) and the biggest sale iShares Core U.S. Aggregate (AGG, shares −3%).
- Most Recent 13F
- Q2 2026
- Location
- FORT WAYNE, IN
- CIK
- 0001350660
- Portfolio Value
- $1.2B (Q1 2024)
- SEC Filing
- 0001398344-24-007481 ↗ filed Apr 23, 2024
Holdings Value
Holdings 261 stocks · $1.2B
| IVV iShares Core S&P 500 ETF | 9.86% | 228,943 | $120.4M | Add +0.5% |
| IJH iShares Core S&P Midcap ETF | 5.75% | 1,154,989 | $70.2M | Reduce -3.3% |
| IXUS iShares Core Intl Stock ETF | 4.74% | 852,030 | $57.8M | Reduce -1.6% |
| IVE iShares S&P 500 Value ETF | 4.20% | 274,498 | $51.3M | Reduce -3.3% |
| AGG iShares Core U.S. Aggregate | 3.37% | 419,816 | $41.1M | Reduce -2.7% |
| VXUS Vanguard Total Intl Stock | 3.23% | 654,097 | $39.4M | Add +2.2% |
| VOO Vanguard S&P 500 ETF | 2.81% | 71,496 | $34.4M | Reduce -5.6% |
| DFIC Dimensional International Co. | 2.63% | 1,199,361 | $32.1M | Add +21.1% |
| LRGF iShares US Equity Factor ETF | 2.63% | 596,019 | $32.1M | Reduce -11.1% |
| BNDX Vanguard Total Intl Bond ETF | 2.49% | 617,104 | $30.4M | Add +1.5% |
| DFSD Dimensional Short Duration | 2.41% | 624,410 | $29.4M | Add +22.8% |
| DFAC Dimensional US Core Equity 2 | 2.33% | 890,430 | $28.4M | Reduce -10.4% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.25% | 110,073 | $27.5M | Reduce -1.6% |
| DFCF Dimensional Core Fixed Inc. | 2.22% | 646,207 | $27.1M | Add +20.2% |
| VOOV Vanguard S&P 500 Value ETF | 1.86% | 126,188 | $22.8M | Reduce -7.1% |
| BND Vanguard Total Bond Market | 1.85% | 311,809 | $22.6M | Add +2.7% |
| IJS iShares S&P Small-Cap 600 Va | 1.72% | 203,822 | $20.9M | Reduce -1.4% |
| DFAT Dimensional US Target Value | 1.69% | 379,533 | $20.7M | Add +6.2% |
| IAGG iShares Intl Aggregate Bond | 1.69% | 412,441 | $20.6M | Reduce -5.3% |
| DFLV Dim US Large Cap Value ETF | 1.61% | 654,144 | $19.6M | Add +22.7% |
| VNQ Vanguard Real Estate ETF | 1.42% | 199,924 | $17.3M | Add +1.4% |
| VCIT Vanguard Int-Term Corporate | 1.38% | 209,026 | $16.8M | Add +2.7% |
| USHY iShares Broad Usd High Yield | 1.34% | 445,595 | $16.3M | Add +0.3% |
| INTF iShares International Equity | 1.30% | 533,232 | $15.9M | Reduce -9.8% |
| ISTB iShares Core 1-5 Year Usd Bo | 1.23% | 315,886 | $15.0M | Reduce -3.4% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 1.17% | 74,707 | $14.3M | Reduce -4.2% |
| BIV Vanguard Intermediate-Term B | 1.16% | 188,096 | $14.2M | Add +11.2% |
| DFEM Dimensional Emrg MRKT Core | 1.16% | 555,267 | $14.2M | Add +21.5% |
| USRT iShares Core US REIT ETF | 0.97% | 219,258 | $11.8M | Add +1.7% |
| DUHP Dimensional US High Profi Et | 0.83% | 321,270 | $10.2M | Add +24.9% |
| DFAS Dimensional US Small Cap ETF | 0.83% | 162,140 | $10.1M | Add +22.9% |
| IJR iShares Core S&P Small-Cap E | 0.83% | 91,317 | $10.1M | Reduce -11.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.75% | 156,615 | $9.2M | Reduce -3.9% |
| BSV Vanguard Short-Term Bond ETF | 0.74% | 118,176 | $9.1M | Reduce -0.0% |
| DFAR Dimensional US Real Est ETF | 0.73% | 396,302 | $8.9M | Add +10.0% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 0.72% | 46,994 | $8.8M | Reduce -4.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.72% | 113,305 | $8.8M | Add +3.7% |
| TIP iShares Tips Bond ETF | 0.71% | 80,795 | $8.7M | Reduce -0.7% |
| VTI VG Morningstar TS MKT ETF-US | 0.60% | 27,991 | $7.3M | Reduce -1.7% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.58% | 59,762 | $7.1M | Reduce -0.3% |
| ICSH iShares Ultra Short Duration | 0.57% | 138,756 | $7.0M | Reduce -2.3% |
| DFAX Dimensional World Ex US Core | 0.55% | 265,183 | $6.7M | Reduce -10.7% |
| MUB iShares National Muni Bond E | 0.52% | 58,769 | $6.3M | Add +9.2% |
| EFA iShares MSCI Eafe ETF | 0.52% | 79,081 | $6.3M | Reduce -7.0% |
| VTIP Vanguard Short-Term Tips | 0.50% | 128,667 | $6.2M | Add +1.4% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.50% | 37,295 | $6.1M | Reduce -0.5% |
| SUB iShares Short-Term National | 0.48% | 55,697 | $5.8M | Add +1.8% |
| DUSB Dimension Ultrashort Fi ETF | 0.47% | 113,508 | $5.7M | Add +142.7% |
| SMLF iShares US Smallcap Equity F | 0.46% | 87,949 | $5.6M | Reduce -9.4% |
| DFIV Dimensional International Va | 0.45% | 148,790 | $5.5M | Add +0.4% |
| SCHX Schwab US Large-Cap ETF | 0.43% | 84,273 | $5.2M | Reduce -1.0% |
| DFSV Dimensional US Small Cap Val | 0.42% | 172,124 | $5.2M | Add +1.9% |
| SCHZ Schwab US Aggregate Bond ETF | 0.41% | 108,896 | $5.0M | Add +16.8% |
| IVOO Vanguard S&P Mid-Cap 400 ETF | 0.40% | 47,162 | $4.9M | Add +20.1% |
| VIOO Vanguard S&P Small-Cap 600 E | 0.39% | 47,423 | $4.8M | Reduce -8.7% |
| SPIP SS SPDR P Tips ETF | 0.37% | 174,170 | $4.5M | Reduce -2.8% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.36% | 18,504 | $4.4M | Reduce -1.0% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.31% | 7,135 | $3.7M | Reduce -0.4% |
| STIP iShares 0-5 Year Tips Bond E | 0.28% | 34,651 | $3.4M | Add +1.5% |
| GNR State Street SPDR S&P Global | 0.28% | 59,180 | $3.4M | Reduce -0.8% |
| AAPL Apple Inc. | 0.28% | 19,922 | $3.4M | Reduce -5.3% |
| IWB iShares Russell 1000 ETF | 0.28% | 11,677 | $3.4M | Reduce -0.1% |
| IEFA iShares Core MSCI Eafe ETF | 0.27% | 43,620 | $3.2M | Reduce -1.7% |
| EMGF iShares Emerging Markets Equ | 0.26% | 70,041 | $3.1M | Reduce -6.7% |
| JPM JPMorgan Chase & Co. | 0.25% | 15,539 | $3.1M | Add +1.6% |
| IWR iShares Russell Mid-Cap ETF | 0.25% | 36,830 | $3.1M | No change |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.25% | 60,366 | $3.1M | Reduce -4.6% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.24% | 57,963 | $3.0M | Reduce -4.2% |
| ATO Atmos Energy Corp. | 0.24% | 25,060 | $3.0M | Add +0.0% |
| DFNM Dimensional National Muni BD | 0.24% | 61,310 | $2.9M | Add +6.1% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.24% | 12,734 | $2.9M | Reduce -0.5% |
| VMBS Vanguard Mortgage-Backed Sec | 0.24% | 63,298 | $2.9M | No change |
| SCHA Schwab US Small-Cap ETF | 0.22% | 53,971 | $2.7M | Add +2.6% |
| ITOT iShares Core S&P Total U.S. | 0.21% | 22,635 | $2.6M | Reduce -3.4% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.21% | 55,757 | $2.5M | Reduce -11.4% |
| JNK SS SPDR BB High Yield Bond | 0.21% | 26,325 | $2.5M | Reduce -2.2% |
| IBTE iShares Ibonds Dec 2024 Term | 0.19% | 99,288 | $2.4M | Add +3.0% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.19% | 19,854 | $2.3M | Reduce -10.7% |
| RWR SS SPDR Dow Jones REIT ETF | 0.19% | 24,595 | $2.3M | Add +0.0% |
| IMTB iShares Core 5-10 Year Usd | 0.19% | 53,352 | $2.3M | Add +4.2% |
| IBDP iShares Ibonds Dec 2024 Term | 0.18% | 89,805 | $2.2M | Add +14.7% |
| SHY iShares 1-3 Year Treasury Bo | 0.18% | 27,439 | $2.2M | Reduce -1.9% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.18% | 13,729 | $2.1M | No change |
| IWD iShares Russell 1000 Value E | 0.17% | 11,273 | $2.0M | Reduce -5.7% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.16% | 77,651 | $1.9M | Add +22.8% |
| MSFT Microsoft Corp. | 0.15% | 4,322 | $1.8M | Add +5.1% |
| VXF Vanguard Extended Market ETF | 0.14% | 10,019 | $1.8M | Reduce -2.8% |
| IBTF iShares Ibonds Dec 2025 Term | 0.14% | 72,367 | $1.7M | Add +7.8% |
| IBMM iShares Ibonds Dec 2024 Term | 0.14% | 64,008 | $1.7M | Reduce -10.3% |
| IBDR iShares Ibonds Dec 2026 Term | 0.13% | 67,439 | $1.6M | Add +34.0% |
| IBHD iShares Ibonds 2024 H/Y Inc. | 0.12% | 65,431 | $1.5M | Add +0.7% |
| VWO Vanguard Ftse Emerging Marke | 0.12% | 35,033 | $1.5M | Reduce -6.0% |
| IBHE iShares Ibonds 2025 H/Y Inc. | 0.12% | 60,432 | $1.4M | Add +20.9% |
| VIOV Vanguard S&P Small-Cap 600 V | 0.12% | 15,885 | $1.4M | Add +13.5% |
| SCHM Schwab US Mid Cap ETF | 0.11% | 17,037 | $1.4M | Add +2.8% |
| IUSV iShares Core S&P U.S. Value | 0.10% | 13,919 | $1.3M | Reduce -1.4% |
| GLD SPDR Gold Shares | 0.10% | 6,064 | $1.2M | No change |
| IVOV Vanguard S&P Mid-Cap 400 Val | 0.10% | 13,558 | $1.2M | No change |
| IBTG iShares Ibonds Dec 2026 Term | 0.10% | 52,242 | $1.2M | Add +74.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.10% | 32,373 | $1.2M | No change |
Other holdings (2): bonds, preferreds, convertibles and warrants · $149K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) | NOTE 6.375% 3/0 · principal | 100,000 | $99K | No change |
| REDWOOD TRUST INC (RWT 5.625 07/15/24) | NOTE 5.625% 7/1 · principal | 50,000 | $50K | No change |
Total filed on the 13F, all lines: $1.2B.
Portfolio Sells Q4 2023 → Q1 2024
| AGG iShares Core U.S. Aggregate | Reduce -2.7% | 3.37% | −0.35 |
| IAGG iShares Intl Aggregate Bond | Reduce -5.3% | 1.69% | −0.20 |
| DFAC Dimensional US Core Equity 2 | Reduce -10.4% | 2.33% | −0.19 |
| LRGF iShares US Equity Factor ETF | Reduce -11.1% | 2.63% | −0.19 |
| IXUS iShares Core Intl Stock ETF | Reduce -1.6% | 4.74% | −0.15 |
| IJR iShares Core S&P Small-Cap E | Reduce -11.8% | 0.83% | −0.15 |
| INTF iShares International Equity | Reduce -9.8% | 1.30% | −0.14 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -1.4% | 1.72% | −0.14 |
| ISTB iShares Core 1-5 Year Usd Bo | Reduce -3.4% | 1.23% | −0.12 |
| VOOV Vanguard S&P 500 Value ETF | Reduce -7.1% | 1.86% | −0.12 |
| IVE iShares S&P 500 Value ETF | Reduce -3.3% | 4.20% | −0.09 |
| DFAX Dimensional World Ex US Core | Reduce -10.7% | 0.55% | −0.08 |
| AAPL Apple Inc. | Reduce -5.3% | 0.28% | −0.07 |
| VOO Vanguard S&P 500 ETF | Reduce -5.6% | 2.81% | −0.06 |
| VIOO Vanguard S&P Small-Cap 600 E | Reduce -8.7% | 0.39% | −0.05 |
| TIP iShares Tips Bond ETF | Reduce -0.7% | 0.71% | −0.05 |
| BSV Vanguard Short-Term Bond ETF | Reduce -0.0% | 0.74% | −0.05 |
| ICSH iShares Ultra Short Duration | Reduce -2.3% | 0.57% | −0.05 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -4.2% | 1.17% | −0.05 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -11.4% | 0.21% | −0.04 |
| VEU Vanguard Ftse All-World Ex-U | Reduce -3.9% | 0.75% | −0.04 |
| EFA iShares MSCI Eafe ETF | Reduce -7.0% | 0.52% | −0.04 |
| SMLF iShares US Smallcap Equity F | Reduce -9.4% | 0.46% | −0.04 |
| SPIP SS SPDR P Tips ETF | Reduce -2.8% | 0.37% | −0.03 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -4.6% | 0.25% | −0.03 |
| IGIB iShares 5-10Y Inv Grade Corp. | Reduce -4.2% | 0.24% | −0.03 |
| IJJ iShares S&P Mid-Cap 400 Valu | Reduce -10.7% | 0.19% | −0.03 |
| IBMM iShares Ibonds Dec 2024 Term | Reduce -10.3% | 0.14% | −0.02 |
| EMGF iShares Emerging Markets Equ | Reduce -6.7% | 0.26% | −0.02 |
| IBMO iShares Ibonds Dec 2026 Term | Reduce -14.8% | 0.09% | −0.02 |
| IBMN iShares Ibonds Dec 2025 Term | Reduce -14.8% | 0.09% | −0.02 |
| SRE Sempra | Sold out | 0.00% | −0.02 |
| IBMQ iShares Ibonds Dec 2028 Muni | Reduce -27.8% | 0.04% | −0.02 |
| IBMP iShares Ibonds Dec 2027 Term | Reduce -9.7% | 0.09% | −0.02 |
| ATEC Alphatec Holdings Inc. | Reduce -6.4% | 0.07% | −0.02 |
| JNK SS SPDR BB High Yield Bond | Reduce -2.2% | 0.21% | −0.02 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -1.9% | 0.18% | −0.02 |
| VWO Vanguard Ftse Emerging Marke | Reduce -6.0% | 0.12% | −0.01 |
| GNR State Street SPDR S&P Global | Reduce -0.8% | 0.28% | −0.01 |
| SPSB SS SPDR P St C Corp. ETF | Reduce -22.8% | 0.02% | −0.01 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -1.6% | 2.25% | −0.01 |
| IJH iShares Core S&P Midcap ETF | Reduce -3.3% | 5.75% | −0.01 |
| IWD iShares Russell 1000 Value E | Reduce -5.7% | 0.17% | −0.01 |
| IEFA iShares Core MSCI Eafe ETF | Reduce -1.7% | 0.27% | −0.01 |
| IGSB iShares 1-5Y Inv Grade Corp. | Reduce -2.5% | 0.05% | −0.00 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -14.3% | 0.03% | −0.00 |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | Reduce -4.4% | 0.72% | −0.00 |
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | Reduce -11.2% | 0.02% | −0.00 |
| VXF Vanguard Extended Market ETF | Reduce -2.8% | 0.14% | −0.00 |
| VAW Vanguard Materials ETF | Reduce -4.8% | 0.07% | −0.00 |
Portfolio Buys Q4 2023 → Q1 2024
| DFIC Dimensional International Co. | Add +21.1% | 2.63% | +0.43 |
| IVV iShares Core S&P 500 ETF | Add +0.5% | 9.86% | +0.41 |
| DFLV Dim US Large Cap Value ETF | Add +22.7% | 1.61% | +0.35 |
| DFSD Dimensional Short Duration | Add +22.8% | 2.41% | +0.33 |
| DUSB Dimension Ultrashort Fi ETF | Add +142.7% | 0.47% | +0.27 |
| DFCF Dimensional Core Fixed Inc. | Add +20.2% | 2.22% | +0.24 |
| DUHP Dimensional US High Profi Et | Add +24.9% | 0.83% | +0.19 |
| DFEM Dimensional Emrg MRKT Core | Add +21.5% | 1.16% | +0.17 |
| DFAS Dimensional US Small Cap ETF | Add +22.9% | 0.83% | +0.14 |
| IVOO Vanguard S&P Mid-Cap 400 ETF | Add +20.1% | 0.40% | +0.08 |
| DFAT Dimensional US Target Value | Add +6.2% | 1.69% | +0.07 |
| BIV Vanguard Intermediate-Term B | Add +11.2% | 1.16% | +0.04 |
| IBTG iShares Ibonds Dec 2026 Term | Add +74.1% | 0.10% | +0.04 |
| NVDA Nvidia Corp. | Add +13.6% | 0.07% | +0.03 |
| SCHZ Schwab US Aggregate Bond ETF | Add +16.8% | 0.41% | +0.03 |
| DFGX Dimsnl Intr CF in ETF-Usd Inc. | New | 0.03% | +0.03 |
| JPM JPMorgan Chase & Co. | Add +1.6% | 0.25% | +0.03 |
| IBDR iShares Ibonds Dec 2026 Term | Add +34.0% | 0.13% | +0.03 |
| META Meta Platforms Inc. Class A | New | 0.02% | +0.02 |
| IBDQ iShares Ibonds Dec 2025 Term | Add +22.8% | 0.16% | +0.02 |
| STLD Steel Dynamics Inc. | New | 0.02% | +0.02 |
| EPD Enterprise Products Partners | New | 0.02% | +0.02 |
| DFGP Dimensional GLBL Core PL Fix | New | 0.02% | +0.02 |
| PGR Progressive Corp. | New | 0.02% | +0.02 |
| JNJ Johnson & Johnson | New | 0.02% | +0.02 |
| PEP Pepsico Inc. | New | 0.02% | +0.02 |
| KR Kroger Co. | New | 0.02% | +0.02 |
| AVGO Broadcom Inc. | New | 0.02% | +0.02 |
| LLY Eli Lilly & Co. | Add +5.5% | 0.07% | +0.02 |
| KO The Coca-Cola Co. | New | 0.02% | +0.02 |
| ICE Intercontinental Exchange Inc. | New | 0.02% | +0.02 |
| SIVR Abrdn Physical Silver Shares | New | 0.02% | +0.02 |
| PG The Procter & Gamble Co. | New | 0.02% | +0.02 |
| UNH Unitedhealth Group Inc. | New | 0.02% | +0.02 |
| IBHE iShares Ibonds 2025 H/Y Inc. | Add +20.9% | 0.12% | +0.02 |
| IBDP iShares Ibonds Dec 2024 Term | Add +14.7% | 0.18% | +0.01 |
| MSFT Microsoft Corp. | Add +5.1% | 0.15% | +0.01 |
| DFAR Dimensional US Real Est ETF | Add +10.0% | 0.73% | +0.01 |
| NEAR iShares SH Dba ETF Usd Inc. | Add +48.2% | 0.04% | +0.01 |
| MUB iShares National Muni Bond E | Add +9.2% | 0.52% | +0.01 |
| DFAW Dimensional World Eqty ETF | Add +115.9% | 0.02% | +0.01 |
| LOW Lowe's Cos Inc. | Add +36.0% | 0.03% | +0.01 |
| SCHP Schwab U.S. Tips ETF | Add +21.4% | 0.07% | +0.01 |
| VXUS Vanguard Total Intl Stock | Add +2.2% | 3.23% | +0.01 |
| VIOV Vanguard S&P Small-Cap 600 V | Add +13.5% | 0.12% | +0.01 |
| ABBV Abbvie Inc. | Add +4.8% | 0.05% | +0.01 |
| IBDS Ishrs Ibnds Dec 27 Corp. ETF | Add +152.2% | 0.01% | +0.01 |
| IBDT iShares Ibonds Dec 2028 ETF | Add +138.3% | 0.01% | +0.01 |
| DFIV Dimensional International Va | Add +0.4% | 0.45% | +0.01 |
| IBDU iShares Ibonds Dec 2029 Term | Add +122.8% | 0.01% | +0.01 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 291 | $1.4B | IVV, DFCF, DFIC, DFSD, DFLV |
| Q1 2026 | 283 | $1.4B | IVV, DFCF, DFIC, DFSD, DFLV |
| Q4 2025 | 307 | $1.6B | IVV, DFCF, DFIC, DFSD, DUHP |
| Q3 2025 | 305 | $1.5B | IVV, DFCF, DFIC, DFSD, IJH |
| Q2 2025 | 279 | $1.4B | IVV, DFCF, DFIC, DFSD, IJH |
| Q1 2025 | 258 | $1.3B | IVV, DFCF, DFIC, DFSD, IJH |
| Q4 2024 | 259 | $1.3B | IVV, DFCF, DFSD, DFIC, IJH |
| Q3 2024 | 275 | $1.3B | IVV, IJH, IXUS, IVE, DFCF |
| Q2 2024 | 271 | $1.2B | IVV, IJH, IXUS, IVE, VXUS |
| Q1 2024 | 261 | $1.2B | IVV, IJH, IXUS, IVE, AGG |