Phillips Financial Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 30, 2025), Phillips Financial Management, LLC reported 258 stock positions worth $1.3 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 10.6% of the portfolio, followed by Dimensional Core Fixed (DFCF, 6.2%) and Dimensional International (DFIC, 5.4%). Compared with Q4 2024, it opened 9 new positions, sold out of 10, added to 80 and reduced 84. The biggest buy was Dimensional International (DFIC, shares +14%) and the biggest sale iShares Core S&P Midcap ETF (IJH, shares −5%).
- Most Recent 13F
- Q2 2026
- Location
- FORT WAYNE, IN
- CIK
- 0001350660
- Portfolio Value
- $1.3B (Q1 2025)
- SEC Filing
- 0001398344-25-008201 ↗ filed Apr 30, 2025
Holdings Value
Holdings 258 stocks · $1.3B
| IVV iShares Core S&P 500 ETF | 10.62% | 244,566 | $137.4M | Add +2.6% |
| DFCF Dimensional Core Fixed Inc. | 6.22% | 1,913,355 | $80.5M | Add +14.7% |
| DFIC Dimensional International Co. | 5.38% | 2,505,201 | $69.6M | Add +13.6% |
| DFSD Dimensional Short Duration | 4.84% | 1,318,522 | $62.7M | Add +7.2% |
| IJH iShares Core S&P Midcap ETF | 3.56% | 789,327 | $46.1M | Reduce -5.3% |
| VXUS Vanguard Total Intl Stock | 2.97% | 617,830 | $38.4M | Reduce -1.0% |
| IXUS iShares Core Intl Stock ETF | 2.94% | 544,978 | $38.0M | Reduce -7.1% |
| DFLV Dim US Large Cap Value ETF | 2.92% | 1,236,631 | $37.8M | Add +8.6% |
| VOO Vanguard S&P 500 ETF | 2.71% | 68,205 | $35.1M | Reduce -0.9% |
| IVE iShares S&P 500 Value ETF | 2.70% | 183,276 | $34.9M | Reduce -5.2% |
| DFAT Dimensional US Target Value | 2.65% | 667,003 | $34.3M | Add +12.6% |
| DUHP Dimensional US High Profi Et | 2.52% | 985,640 | $32.7M | Add +17.0% |
| BNDX Vanguard Total Intl Bond ETF | 2.29% | 606,789 | $29.6M | Add +2.8% |
| DFEM Dimensional Emrg MRKT Core | 2.21% | 1,082,926 | $28.7M | Add +10.6% |
| AGG iShares Core U.S. Aggregate | 2.12% | 276,715 | $27.4M | Reduce -3.3% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.07% | 103,601 | $26.8M | Reduce -0.7% |
| DFAC Dimensional US Core Equity 2 | 1.93% | 757,053 | $25.0M | Reduce -5.1% |
| LRGF iShares US Equity Factor ETF | 1.74% | 389,048 | $22.5M | Reduce -7.0% |
| DFAS Dimensional US Small Cap ETF | 1.73% | 374,665 | $22.4M | Add +18.1% |
| VOOV Vanguard S&P 500 Value ETF | 1.52% | 106,732 | $19.7M | Reduce -1.9% |
| USHY iShares Broad Usd High Yield | 1.46% | 514,841 | $19.0M | Add +4.9% |
| BND Vanguard Total Bond Market | 1.24% | 219,021 | $16.1M | Reduce -2.7% |
| DUSB Dimension Ultrashort Fi ETF | 1.16% | 294,688 | $14.9M | Add +31.0% |
| VCIT Vanguard Int-Term Corporate | 1.11% | 175,113 | $14.3M | Reduce -4.7% |
| DFAR Dimensional US Real Est ETF | 1.11% | 601,887 | $14.3M | Add +7.6% |
| IAGG iShares Intl Aggregate Bond | 1.01% | 261,128 | $13.1M | Reduce -5.7% |
| IJS iShares S&P Small-Cap 600 Va | 0.99% | 131,502 | $12.8M | Reduce -7.3% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.99% | 68,764 | $12.8M | Reduce -0.6% |
| INTF iShares International Equity | 0.94% | 395,301 | $12.2M | Reduce -6.5% |
| VNQ Vanguard Real Estate ETF | 0.84% | 120,279 | $10.9M | Reduce -10.3% |
| USRT iShares Core US REIT ETF | 0.77% | 172,791 | $10.0M | Reduce -5.1% |
| BIV Vanguard Intermediate-Term B | 0.76% | 129,033 | $9.9M | Reduce -6.6% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.73% | 195,716 | $9.5M | Reduce -7.1% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 0.69% | 44,553 | $9.0M | No change |
| BSV Vanguard Short-Term Bond ETF | 0.65% | 107,185 | $8.4M | Reduce -0.8% |
| VEU Vanguard Ftse All-World Ex-U | 0.60% | 127,883 | $7.8M | Reduce -2.8% |
| VTI VG Morningstar TS MKT ETF-US | 0.59% | 27,859 | $7.7M | Reduce -0.8% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.56% | 56,350 | $7.3M | Add +0.1% |
| DFIV Dimensional International Va | 0.53% | 175,143 | $6.9M | Add +2.1% |
| MUB iShares National Muni Bond E | 0.52% | 64,144 | $6.8M | Add +4.4% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.50% | 82,001 | $6.5M | Reduce -4.9% |
| ICSH iShares Ultra Short Duration | 0.50% | 127,040 | $6.4M | Add +19.3% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.48% | 35,897 | $6.2M | Add +2.3% |
| SCHX Schwab US Large-Cap ETF | 0.44% | 256,744 | $5.7M | Reduce -0.5% |
| IJR iShares Core S&P Small-Cap E | 0.43% | 53,823 | $5.6M | Reduce -5.3% |
| DFAX Dimensional World Ex US Core | 0.41% | 204,278 | $5.4M | Reduce -6.8% |
| VTIP Vanguard Short-Term Tips | 0.40% | 104,855 | $5.2M | Reduce -10.4% |
| SCHZ Schwab US Aggregate Bond ETF | 0.40% | 222,106 | $5.1M | Reduce -1.1% |
| EFA iShares MSCI Eafe ETF | 0.39% | 62,285 | $5.1M | Reduce -2.0% |
| SUB iShares Short-Term National | 0.38% | 46,425 | $4.9M | Reduce -1.7% |
| TIP iShares Tips Bond ETF | 0.38% | 43,982 | $4.9M | Reduce -9.5% |
| DFSV Dimensional US Small Cap Val | 0.38% | 173,346 | $4.9M | Add +2.3% |
| AAPL Apple Inc. | 0.38% | 21,858 | $4.9M | Add +1.2% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.33% | 16,850 | $4.3M | Reduce -1.4% |
| JPM JPMorgan Chase & Co. | 0.31% | 16,145 | $4.0M | Add +0.3% |
| IVOO Vanguard S&P Mid-Cap 400 ETF | 0.30% | 39,595 | $3.9M | Add +0.9% |
| SMLF iShares US Smallcap Equity F | 0.29% | 59,488 | $3.7M | Reduce -8.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.28% | 6,537 | $3.7M | Reduce -0.1% |
| VIOO Vanguard S&P Small-Cap 600 E | 0.27% | 36,024 | $3.5M | Add +0.3% |
| IWB iShares Russell 1000 ETF | 0.27% | 11,196 | $3.4M | Reduce -0.9% |
| GNR State Street SPDR S&P Global | 0.24% | 58,377 | $3.1M | Reduce -0.1% |
| IWR iShares Russell Mid-Cap ETF | 0.24% | 36,514 | $3.1M | Reduce -0.2% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.23% | 60,067 | $3.0M | Reduce -1.3% |
| IEFA iShares Core MSCI Eafe ETF | 0.22% | 37,207 | $2.8M | Reduce -0.3% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.22% | 12,607 | $2.8M | Add +0.9% |
| SCHA Schwab US Small-Cap ETF | 0.21% | 114,074 | $2.7M | Reduce -1.9% |
| VMBS Vanguard Mortgage-Backed Sec | 0.21% | 57,486 | $2.7M | Reduce -8.6% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.20% | 48,461 | $2.5M | Reduce -3.1% |
| SCHP Schwab U.S. Tips ETF | 0.19% | 91,177 | $2.5M | Add +4.4% |
| SPIP SS SPDR P Tips ETF | 0.19% | 92,720 | $2.4M | Reduce -5.1% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.18% | 94,310 | $2.4M | No change |
| ATO Atmos Energy Corp. | 0.18% | 15,139 | $2.3M | Add +0.2% |
| STIP iShares 0-5 Year Tips Bond E | 0.18% | 22,602 | $2.3M | Reduce -2.7% |
| IBDR iShares Ibonds Dec 2026 Term | 0.17% | 89,833 | $2.2M | No change |
| RWR SS SPDR Dow Jones REIT ETF | 0.17% | 21,915 | $2.2M | Reduce -3.3% |
| ITOT iShares Core S&P Total U.S. | 0.17% | 17,743 | $2.2M | Reduce -3.3% |
| JNK SS SPDR BB High Yield Bond | 0.16% | 22,298 | $2.1M | Reduce -1.2% |
| MSFT Microsoft Corp. | 0.16% | 5,610 | $2.1M | Reduce -1.5% |
| SHY iShares 1-3 Year Treasury Bo | 0.15% | 24,169 | $2.0M | Reduce -0.2% |
| IWD iShares Russell 1000 Value E | 0.15% | 10,510 | $2.0M | Reduce -1.5% |
| EMGF iShares Emerging Markets Equ | 0.15% | 41,953 | $2.0M | Reduce -10.3% |
| IMTB iShares Core 5-10 Year Usd | 0.14% | 41,072 | $1.8M | Reduce -6.3% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.14% | 10,894 | $1.7M | No change |
| DFNM Dimensional National Muni BD | 0.14% | 36,726 | $1.7M | Reduce -1.6% |
| GLD SPDR Gold Shares | 0.13% | 6,056 | $1.7M | No change |
| NVDA Nvidia Corp. | 0.13% | 15,960 | $1.7M | Reduce -6.0% |
| VXF Vanguard Extended Market ETF | 0.13% | 9,752 | $1.7M | No change |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.12% | 33,247 | $1.5M | Reduce -9.0% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.11% | 12,318 | $1.5M | No change |
| DISV Dimensional International SM | 0.11% | 49,764 | $1.4M | Add +39.2% |
| SCHM Schwab US Mid Cap ETF | 0.11% | 55,252 | $1.4M | Reduce -0.7% |
| IBTF iShares Ibonds Dec 2025 Term | 0.11% | 61,223 | $1.4M | Add +0.8% |
| AMZN Amazon.com Inc. | 0.11% | 7,207 | $1.4M | Add +3.8% |
| VWO Vanguard Ftse Emerging Marke | 0.10% | 29,430 | $1.3M | Add +3.3% |
| IBTG iShares Ibonds Dec 2026 Term | 0.10% | 55,785 | $1.3M | Add +0.9% |
| IBMO iShares Ibonds Dec 2026 Term | 0.10% | 49,533 | $1.3M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.09% | 2,268 | $1.2M | Add +5.2% |
| IBMP iShares Ibonds Dec 2027 Term | 0.09% | 46,980 | $1.2M | No change |
| VIOV Vanguard S&P Small-Cap 600 V | 0.09% | 13,980 | $1.2M | Add +1.1% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.09% | 31,845 | $1.2M | Reduce -0.4% |
Portfolio Sells Q4 2024 → Q1 2025
| IJH iShares Core S&P Midcap ETF | Reduce -5.3% | 3.56% | −0.53 |
| LRGF iShares US Equity Factor ETF | Reduce -7.0% | 1.74% | −0.24 |
| DFAC Dimensional US Core Equity 2 | Reduce -5.1% | 1.93% | −0.24 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -7.3% | 0.99% | −0.22 |
| VOO Vanguard S&P 500 ETF | Reduce -0.9% | 2.71% | −0.21 |
| IVE iShares S&P 500 Value ETF | Reduce -5.2% | 2.70% | −0.20 |
| IXUS iShares Core Intl Stock ETF | Reduce -7.1% | 2.94% | −0.11 |
| VNQ Vanguard Real Estate ETF | Reduce -10.3% | 0.84% | −0.10 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Reduce -0.7% | 2.07% | −0.10 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -0.6% | 0.99% | −0.09 |
| IJR iShares Core S&P Small-Cap E | Reduce -5.3% | 0.43% | −0.08 |
| IAGG iShares Intl Aggregate Bond | Reduce -5.7% | 1.01% | −0.08 |
| AGG iShares Core U.S. Aggregate | Reduce -3.3% | 2.12% | −0.06 |
| ISTB iShares Core 1-5 Year Usd Bo | Reduce -7.1% | 0.73% | −0.06 |
| VOOV Vanguard S&P 500 Value ETF | Reduce -1.9% | 1.52% | −0.06 |
| SMLF iShares US Smallcap Equity F | Reduce -8.5% | 0.29% | −0.06 |
| VCIT Vanguard Int-Term Corporate | Reduce -4.7% | 1.11% | −0.05 |
| USRT iShares Core US REIT ETF | Reduce -5.1% | 0.77% | −0.05 |
| BIV Vanguard Intermediate-Term B | Reduce -6.6% | 0.76% | −0.05 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.8% | 0.59% | −0.05 |
| NVDA Nvidia Corp. | Reduce -6.0% | 0.13% | −0.05 |
| VTIP Vanguard Short-Term Tips | Reduce -10.4% | 0.40% | −0.04 |
| SCHX Schwab US Large-Cap ETF | Reduce -0.5% | 0.44% | −0.03 |
| SCHA Schwab US Small-Cap ETF | Reduce -1.9% | 0.21% | −0.03 |
| TIP iShares Tips Bond ETF | Reduce -9.5% | 0.38% | −0.03 |
| BND Vanguard Total Bond Market | Reduce -2.7% | 1.24% | −0.03 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -4.9% | 0.50% | −0.03 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Reduce -1.4% | 0.33% | −0.03 |
| MSFT Microsoft Corp. | Reduce -1.5% | 0.16% | −0.03 |
| IWB iShares Russell 1000 ETF | Reduce -0.9% | 0.27% | −0.02 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -0.1% | 0.28% | −0.02 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -8.6% | 0.21% | −0.02 |
| ITOT iShares Core S&P Total U.S. | Reduce -3.3% | 0.17% | −0.02 |
| SRE Sempra | Sold out | 0.00% | −0.02 |
| DFAX Dimensional World Ex US Core | Reduce -6.8% | 0.41% | −0.02 |
| EMGF iShares Emerging Markets Equ | Reduce -10.3% | 0.15% | −0.01 |
| IWR iShares Russell Mid-Cap ETF | Reduce -0.2% | 0.24% | −0.01 |
| INTF iShares International Equity | Reduce -6.5% | 0.94% | −0.01 |
| SUB iShares Short-Term National | Reduce -1.7% | 0.38% | −0.01 |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | Reduce -9.0% | 0.12% | −0.01 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -1.3% | 0.23% | −0.01 |
| SCHM Schwab US Mid Cap ETF | Reduce -0.7% | 0.11% | −0.01 |
| IMTB iShares Core 5-10 Year Usd | Reduce -6.3% | 0.14% | −0.01 |
| RWR SS SPDR Dow Jones REIT ETF | Reduce -3.3% | 0.17% | −0.01 |
| BSV Vanguard Short-Term Bond ETF | Reduce -0.8% | 0.65% | −0.01 |
| PROSPECT CAPITAL CORP (PSEC 6.375 03/01/25) | Sold out | 0.00% | −0.01 |
| DFUS Dimensional US Eq MKT ETF | Reduce -2.9% | 0.06% | −0.01 |
| IGIB iShares 5-10Y Inv Grade Corp. | Reduce -3.1% | 0.20% | −0.01 |
| SPIP SS SPDR P Tips ETF | Reduce -5.1% | 0.19% | −0.01 |
| DFNM Dimensional National Muni BD | Reduce -1.6% | 0.14% | −0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| DFIC Dimensional International Co. | Add +13.6% | 5.38% | +0.90 |
| DFCF Dimensional Core Fixed Inc. | Add +14.7% | 6.22% | +0.80 |
| DFSD Dimensional Short Duration | Add +7.2% | 4.84% | +0.31 |
| DUHP Dimensional US High Profi Et | Add +17.0% | 2.52% | +0.29 |
| DUSB Dimension Ultrashort Fi ETF | Add +31.0% | 1.16% | +0.26 |
| DFLV Dim US Large Cap Value ETF | Add +8.6% | 2.92% | +0.23 |
| DFEM Dimensional Emrg MRKT Core | Add +10.6% | 2.21% | +0.20 |
| DFAS Dimensional US Small Cap ETF | Add +18.1% | 1.73% | +0.11 |
| DFAR Dimensional US Real Est ETF | Add +7.6% | 1.11% | +0.08 |
| ICSH iShares Ultra Short Duration | Add +19.3% | 0.50% | +0.08 |
| DFAT Dimensional US Target Value | Add +12.6% | 2.65% | +0.06 |
| DFIV Dimensional International Va | Add +2.1% | 0.53% | +0.05 |
| USHY iShares Broad Usd High Yield | Add +4.9% | 1.46% | +0.05 |
| DISV Dimensional International SM | Add +39.2% | 0.11% | +0.04 |
| IBMR iShares Ibonds Dec 2029 M BD | Add +443.5% | 0.04% | +0.03 |
| KR Kroger Co. | Add +112.5% | 0.04% | +0.02 |
| ADP Automatic Data Processing | New | 0.02% | +0.02 |
| AMGN Amgen Inc. | New | 0.02% | +0.02 |
| STLD Steel Dynamics Inc. | New | 0.02% | +0.02 |
| CVX Chevron Corp. | New | 0.02% | +0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +5.2% | 0.09% | +0.02 |
| VUG Vanguard Mrngstar GR ETF-Sui | Add +98.3% | 0.04% | +0.02 |
| ELV Elevance Health Inc. | New | 0.02% | +0.02 |
| RTX RTX Corp. | New | 0.02% | +0.02 |
| ATO Atmos Energy Corp. | Add +0.2% | 0.18% | +0.02 |
| VEA Vanguard Ftse Developed ETF | Add +19.7% | 0.08% | +0.02 |
| BNDX Vanguard Total Intl Bond ETF | Add +2.8% | 2.29% | +0.01 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +2.3% | 0.48% | +0.01 |
| SCHP Schwab U.S. Tips ETF | Add +4.4% | 0.19% | +0.01 |
| IBIT iShares Bitcoin Trust ETF | Add +78.9% | 0.03% | +0.01 |
| V Visa Inc. Class A | Add +12.1% | 0.05% | +0.01 |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | Add +0.1% | 0.56% | +0.01 |
| ABBV Abbvie Inc. | Add +4.1% | 0.05% | +0.01 |
| ABT Abbott Laboratories | Add +23.2% | 0.03% | +0.01 |
| MUB iShares National Muni Bond E | Add +4.4% | 0.52% | +0.01 |
| JNJ Johnson & Johnson | Add +21.3% | 0.03% | +0.01 |
| BRO Brown & Brown Inc. | Add +1.2% | 0.04% | +0.01 |
| LNC Lincoln National Corp. | Add +0.3% | 0.06% | +0.01 |
| FNDX Schwab Fndmntl US LRG Co. ETF | New | 0.01% | +0.01 |
| COST Costco Wholesale Corp. | Add +23.9% | 0.03% | +0.01 |
| EPD Enterprise Products Partners | Add +18.4% | 0.03% | +0.01 |
| PGR Progressive Corp. | Add +4.7% | 0.03% | +0.01 |
| WMB Williams Cos Inc. | Add +1.4% | 0.05% | +0.00 |
| VWO Vanguard Ftse Emerging Marke | Add +3.3% | 0.10% | +0.00 |
| REM iShares Mortgage Real Estate | New | 0.00% | +0.00 |
| MA Mastercard Inc. Class A | Add +9.5% | 0.04% | +0.00 |
| KO The Coca-Cola Co. | Add +6.7% | 0.02% | +0.00 |
| VDE Vanguard Energy ETF | Add +0.3% | 0.07% | +0.00 |
| VFH Vanguard Financials ETF | New | 0.00% | +0.00 |
| XOM Exxon Mobil Corp. | Add +6.5% | 0.02% | +0.00 |
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 |