Phillips Financial Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 30, 2025), Phillips Financial Management, LLC reported 279 stock positions worth $1.4 billion. Its top holding was iShares Core S&P 500 ETF (IVV) at 11.1% of the portfolio, followed by Dimensional Core Fixed (DFCF, 6.2%) and Dimensional International (DFIC, 5.7%). Compared with Q1 2025, it opened 30 new positions, sold out of 9, added to 81 and reduced 81. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +1%) and the biggest sale iShares Ultra Short Duration (ICSH, shares −36%).
- Most Recent 13F
- Q2 2026
- Location
- FORT WAYNE, IN
- CIK
- 0001350660
- Portfolio Value
- $1.4B (Q2 2025)
- SEC Filing
- 0001398344-25-014160 ↗ filed Jul 30, 2025
Holdings Value
Holdings 279 stocks · $1.4B
| IVV iShares Core S&P 500 ETF | 11.10% | 246,492 | $153.0M | Add +0.8% |
| DFCF Dimensional Core Fixed Inc. | 6.25% | 2,037,414 | $86.1M | Add +6.5% |
| DFIC Dimensional International Co. | 5.74% | 2,546,499 | $79.2M | Add +1.6% |
| DFSD Dimensional Short Duration | 4.73% | 1,356,806 | $65.1M | Add +2.9% |
| IJH iShares Core S&P Midcap ETF | 3.51% | 780,470 | $48.4M | Reduce -1.1% |
| VXUS Vanguard Total Intl Stock | 2.98% | 594,068 | $41.0M | Reduce -3.9% |
| DFLV Dim US Large Cap Value ETF | 2.96% | 1,314,950 | $40.8M | Add +6.3% |
| IXUS iShares Core Intl Stock ETF | 2.86% | 509,291 | $39.4M | Reduce -6.5% |
| VOO Vanguard S&P 500 ETF | 2.84% | 68,790 | $39.1M | Add +0.9% |
| DUHP Dimensional US High Profi Et | 2.78% | 1,079,305 | $38.4M | Add +9.5% |
| DFAT Dimensional US Target Value | 2.77% | 708,143 | $38.2M | Add +6.2% |
| IVE iShares S&P 500 Value ETF | 2.57% | 180,996 | $35.4M | Reduce -1.2% |
| DFEM Dimensional Emrg MRKT Core | 2.40% | 1,115,676 | $33.1M | Add +3.0% |
| BNDX Vanguard Total Intl Bond ETF | 2.18% | 606,529 | $30.0M | Reduce -0.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 2.10% | 103,197 | $28.9M | Reduce -0.4% |
| DFAC Dimensional US Core Equity 2 | 1.98% | 761,413 | $27.3M | Add +0.6% |
| AGG iShares Core U.S. Aggregate | 1.96% | 272,588 | $27.0M | Reduce -1.5% |
| DFAS Dimensional US Small Cap ETF | 1.87% | 404,277 | $25.8M | Add +7.9% |
| LRGF iShares US Equity Factor ETF | 1.76% | 378,734 | $24.3M | Reduce -2.6% |
| VOOV Vanguard S&P 500 Value ETF | 1.43% | 104,551 | $19.7M | Reduce -2.0% |
| USHY iShares Broad Usd High Yield | 1.42% | 523,249 | $19.6M | Add +1.6% |
| BND Vanguard Total Bond Market | 1.16% | 217,562 | $16.0M | Reduce -0.7% |
| DUSB Dimension Ultrashort Fi ETF | 1.07% | 291,447 | $14.8M | Reduce -1.1% |
| DFAR Dimensional US Real Est ETF | 1.07% | 627,239 | $14.7M | Add +4.2% |
| VCIT Vanguard Int-Term Corporate | 1.04% | 172,528 | $14.3M | Reduce -1.5% |
| VBR Vngrd Mrngst SL-CP Val ETF-U | 0.97% | 68,294 | $13.3M | Reduce -0.7% |
| IAGG iShares Intl Aggregate Bond | 0.93% | 251,806 | $12.9M | Reduce -3.6% |
| IJS iShares S&P Small-Cap 600 Va | 0.93% | 129,257 | $12.9M | Reduce -1.7% |
| INTF iShares International Equity | 0.79% | 318,396 | $10.9M | Reduce -19.4% |
| VNQ Vanguard Real Estate ETF | 0.76% | 117,904 | $10.5M | Reduce -2.0% |
| MGC Vngrd Mrngstr MG Cap ETF-Usd | 0.73% | 44,497 | $10.0M | Reduce -0.1% |
| BIV Vanguard Intermediate-Term B | 0.70% | 125,053 | $9.7M | Reduce -3.1% |
| USRT iShares Core US REIT ETF | 0.69% | 169,245 | $9.6M | Reduce -2.0% |
| ISTB iShares Core 1-5 Year Usd Bo | 0.67% | 189,072 | $9.2M | Reduce -3.4% |
| VEU Vanguard Ftse All-World Ex-U | 0.62% | 126,344 | $8.5M | Reduce -1.2% |
| VTI VG Morningstar TS MKT ETF-US | 0.61% | 27,882 | $8.5M | Add +0.1% |
| JPM JPMorgan Chase & Co. | 0.61% | 28,921 | $8.4M | Add +79.1% |
| BSV Vanguard Short-Term Bond ETF | 0.59% | 102,903 | $8.1M | Reduce -4.0% |
| DFIV Dimensional International Va | 0.58% | 185,977 | $8.0M | Add +6.2% |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | 0.54% | 56,249 | $7.4M | Reduce -0.2% |
| VTV Vanguard Mrngstr Val ETF-Aui | 0.46% | 35,961 | $6.4M | Add +0.2% |
| SCHX Schwab US Large-Cap ETF | 0.46% | 259,421 | $6.3M | Add +1.0% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.43% | 74,184 | $5.9M | Reduce -9.5% |
| IJR iShares Core S&P Small-Cap E | 0.42% | 52,749 | $5.8M | Reduce -2.0% |
| MUB iShares National Muni Bond E | 0.42% | 54,986 | $5.7M | Reduce -14.3% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.40% | 8,898 | $5.5M | Add +36.1% |
| DFAX Dimensional World Ex US Core | 0.40% | 186,812 | $5.5M | Reduce -8.6% |
| EFA iShares MSCI Eafe ETF | 0.39% | 60,356 | $5.4M | Reduce -3.1% |
| DFSV Dimensional US Small Cap Val | 0.39% | 182,311 | $5.4M | Add +5.2% |
| VTIP Vanguard Short-Term Tips | 0.37% | 101,983 | $5.1M | Reduce -2.7% |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | 0.36% | 17,372 | $5.0M | Add +3.1% |
| TIP iShares Tips Bond ETF | 0.35% | 43,403 | $4.8M | Reduce -1.3% |
| SCHZ Schwab US Aggregate Bond ETF | 0.33% | 198,203 | $4.6M | Reduce -10.8% |
| AAPL Apple Inc. | 0.33% | 22,095 | $4.5M | Add +1.1% |
| SUB iShares Short-Term National | 0.32% | 41,526 | $4.4M | Reduce -10.6% |
| IVOO Vanguard S&P Mid-Cap 400 ETF | 0.30% | 39,595 | $4.2M | No change |
| ICSH iShares Ultra Short Duration | 0.30% | 81,918 | $4.2M | Reduce -35.5% |
| IWB iShares Russell 1000 ETF | 0.28% | 11,165 | $3.8M | Reduce -0.3% |
| GNR State Street SPDR S&P Global | 0.27% | 69,848 | $3.8M | Add +19.6% |
| VIOO Vanguard S&P Small-Cap 600 E | 0.26% | 36,024 | $3.6M | No change |
| IWR iShares Russell Mid-Cap ETF | 0.25% | 37,514 | $3.5M | Add +2.7% |
| IEFA iShares Core MSCI Eafe ETF | 0.24% | 39,893 | $3.3M | Add +7.2% |
| MSFT Microsoft Corp. | 0.23% | 6,462 | $3.2M | Add +15.2% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.21% | 12,504 | $3.0M | Reduce -0.8% |
| SCHA Schwab US Small-Cap ETF | 0.21% | 116,583 | $2.9M | Add +2.2% |
| SMLF iShares US Smallcap Equity F | 0.21% | 42,268 | $2.9M | Reduce -28.9% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.20% | 56,563 | $2.8M | Reduce -5.8% |
| NVDA Nvidia Corp. | 0.20% | 17,304 | $2.7M | Add +8.4% |
| VMBS Vanguard Mortgage-Backed Sec | 0.19% | 56,879 | $2.6M | Reduce -1.1% |
| SCHP Schwab U.S. Tips ETF | 0.19% | 95,899 | $2.6M | Add +5.2% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.18% | 46,998 | $2.5M | Reduce -3.0% |
| IBDQ iShares Ibonds Dec 2025 Term | 0.17% | 94,310 | $2.4M | No change |
| ITOT iShares Core S&P Total U.S. | 0.17% | 17,545 | $2.4M | Reduce -1.1% |
| ATO Atmos Energy Corp. | 0.17% | 15,156 | $2.3M | Add +0.1% |
| SPIP SS SPDR P Tips ETF | 0.16% | 84,481 | $2.2M | Reduce -8.9% |
| IBDR iShares Ibonds Dec 2026 Term | 0.16% | 89,456 | $2.2M | Reduce -0.4% |
| JNK SS SPDR BB High Yield Bond | 0.15% | 21,762 | $2.1M | Reduce -2.4% |
| STIP iShares 0-5 Year Tips Bond E | 0.15% | 20,457 | $2.1M | Reduce -9.5% |
| RWR SS SPDR Dow Jones REIT ETF | 0.15% | 21,013 | $2.0M | Reduce -4.1% |
| IWD iShares Russell 1000 Value E | 0.14% | 10,165 | $2.0M | Reduce -3.3% |
| VXF Vanguard Extended Market ETF | 0.14% | 9,713 | $1.9M | Reduce -0.4% |
| VOE Vngrd Mrngstr MD-Cap Val ETF | 0.13% | 10,894 | $1.8M | No change |
| GLD SPDR Gold Shares | 0.13% | 5,806 | $1.8M | Reduce -4.1% |
| AMZN Amazon.com Inc. | 0.13% | 8,065 | $1.8M | Add +11.9% |
| IMTB iShares Core 5-10 Year Usd | 0.12% | 39,457 | $1.7M | Reduce -3.9% |
| SCHM Schwab US Mid Cap ETF | 0.12% | 56,518 | $1.6M | Add +2.3% |
| IBMO iShares Ibonds Dec 2026 Term | 0.11% | 59,217 | $1.5M | Add +19.6% |
| IUSB Ishr CR Unvrse Usd BD ETF-Ui | 0.11% | 32,473 | $1.5M | Reduce -2.3% |
| IJJ iShares S&P Mid-Cap 400 Valu | 0.11% | 11,876 | $1.5M | Reduce -3.6% |
| IBMP iShares Ibonds Dec 2027 Term | 0.10% | 56,799 | $1.4M | Add +20.9% |
| DISV Dimensional International SM | 0.10% | 43,258 | $1.4M | Reduce -13.1% |
| GOOGL Alphabet Inc. Class A | 0.10% | 7,864 | $1.4M | Add +10.2% |
| IBMN iShares Ibonds Dec 2025 Term | 0.09% | 48,291 | $1.3M | Add +18.4% |
| SPDW Ste STR SPDR PT DW Eu ETF | 0.09% | 31,845 | $1.3M | No change |
| IBTF iShares Ibonds Dec 2025 Term | 0.09% | 54,643 | $1.3M | Reduce -10.8% |
| VWO Vanguard Ftse Emerging Marke | 0.09% | 25,804 | $1.3M | Reduce -12.3% |
| EMGF iShares Emerging Markets Equ | 0.09% | 23,744 | $1.2M | Reduce -43.4% |
| TSLA Tesla Inc. | 0.09% | 3,869 | $1.2M | Add +3.3% |
| IBMQ iShares Ibonds Dec 2028 Muni | 0.09% | 48,020 | $1.2M | Add +106.3% |
| VIOV Vanguard S&P Small-Cap 600 V | 0.09% | 13,980 | $1.2M | No change |
Portfolio Sells Q1 2025 → Q2 2025
| ICSH iShares Ultra Short Duration | Reduce -35.5% | 0.30% | −0.20 |
| AGG iShares Core U.S. Aggregate | Reduce -1.5% | 1.96% | −0.15 |
| INTF iShares International Equity | Reduce -19.4% | 0.79% | −0.15 |
| IVE iShares S&P 500 Value ETF | Reduce -1.2% | 2.57% | −0.13 |
| SHY iShares 1-3 Year Treasury Bo | Reduce -77.8% | 0.03% | −0.12 |
| BNDX Vanguard Total Intl Bond ETF | Reduce -0.0% | 2.18% | −0.11 |
| MUB iShares National Muni Bond E | Reduce -14.3% | 0.42% | −0.11 |
| VOOV Vanguard S&P 500 Value ETF | Reduce -2.0% | 1.43% | −0.09 |
| IXUS iShares Core Intl Stock ETF | Reduce -6.5% | 2.86% | −0.08 |
| DUSB Dimension Ultrashort Fi ETF | Reduce -1.1% | 1.07% | −0.08 |
| BND Vanguard Total Bond Market | Reduce -0.7% | 1.16% | −0.08 |
| VNQ Vanguard Real Estate ETF | Reduce -2.0% | 0.76% | −0.08 |
| SMLF iShares US Smallcap Equity F | Reduce -28.9% | 0.21% | −0.08 |
| IAGG iShares Intl Aggregate Bond | Reduce -3.6% | 0.93% | −0.08 |
| USRT iShares Core US REIT ETF | Reduce -2.0% | 0.69% | −0.07 |
| VCSH Vanguard S/T Corp. Bond ETF | Reduce -9.5% | 0.43% | −0.07 |
| VCIT Vanguard Int-Term Corporate | Reduce -1.5% | 1.04% | −0.07 |
| ISTB iShares Core 1-5 Year Usd Bo | Reduce -3.4% | 0.67% | −0.06 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -10.8% | 0.33% | −0.06 |
| EMGF iShares Emerging Markets Equ | Reduce -43.4% | 0.09% | −0.06 |
| BIV Vanguard Intermediate-Term B | Reduce -3.1% | 0.70% | −0.06 |
| DFNM Dimensional National Muni BD | Reduce -41.9% | 0.07% | −0.06 |
| BSV Vanguard Short-Term Bond ETF | Reduce -4.0% | 0.59% | −0.06 |
| SUB iShares Short-Term National | Reduce -10.6% | 0.32% | −0.06 |
| IJS iShares S&P Small-Cap 600 Va | Reduce -1.7% | 0.93% | −0.06 |
| IJH iShares Core S&P Midcap ETF | Reduce -1.1% | 3.51% | −0.05 |
| VTIP Vanguard Short-Term Tips | Reduce -2.7% | 0.37% | −0.03 |
| TIP iShares Tips Bond ETF | Reduce -1.3% | 0.35% | −0.03 |
| SPIP SS SPDR P Tips ETF | Reduce -8.9% | 0.16% | −0.03 |
| VTEB Vanguard Tax-Exempt Bond ETF | Reduce -5.8% | 0.20% | −0.03 |
| STIP iShares 0-5 Year Tips Bond E | Reduce -9.5% | 0.15% | −0.03 |
| NEAR iShares SH Dba ETF Usd Inc. | Sold out | 0.00% | −0.03 |
| MGV Vngrd Mrgstr MG CP VL ETF-Ui | Reduce -0.2% | 0.54% | −0.03 |
| VBR Vngrd Mrngst SL-CP Val ETF-U | Reduce -0.7% | 0.97% | −0.02 |
| UNH Unitedhealth Group Inc. | Sold out | 0.00% | −0.02 |
| RWR SS SPDR Dow Jones REIT ETF | Reduce -4.1% | 0.15% | −0.02 |
| IBTF iShares Ibonds Dec 2025 Term | Reduce -10.8% | 0.09% | −0.02 |
| VEA Vanguard Ftse Developed ETF | Reduce -27.3% | 0.06% | −0.02 |
| IBTG iShares Ibonds Dec 2026 Term | Reduce -12.2% | 0.08% | −0.02 |
| HPQ HP Inc. | Sold out | 0.00% | −0.02 |
| IJR iShares Core S&P Small-Cap E | Reduce -2.0% | 0.42% | −0.02 |
| ELV Elevance Health Inc. | Sold out | 0.00% | −0.02 |
| DFAX Dimensional World Ex US Core | Reduce -8.6% | 0.40% | −0.02 |
| IGIB iShares 5-10Y Inv Grade Corp. | Reduce -3.0% | 0.18% | −0.01 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -1.1% | 0.19% | −0.01 |
| IMTB iShares Core 5-10 Year Usd | Reduce -3.9% | 0.12% | −0.01 |
| IBDR iShares Ibonds Dec 2026 Term | Reduce -0.4% | 0.16% | −0.01 |
| JNK SS SPDR BB High Yield Bond | Reduce -2.4% | 0.15% | −0.01 |
| VDE Vanguard Energy ETF | Reduce -0.7% | 0.06% | −0.01 |
| VWO Vanguard Ftse Emerging Marke | Reduce -12.3% | 0.09% | −0.01 |
Portfolio Buys Q1 2025 → Q2 2025
| IVV iShares Core S&P 500 ETF | Add +0.8% | 11.10% | +0.48 |
| DFIC Dimensional International Co. | Add +1.6% | 5.74% | +0.37 |
| JPM JPMorgan Chase & Co. | Add +79.1% | 0.61% | +0.30 |
| DUHP Dimensional US High Profi Et | Add +9.5% | 2.78% | +0.26 |
| DFEM Dimensional Emrg MRKT Core | Add +3.0% | 2.40% | +0.19 |
| DFAS Dimensional US Small Cap ETF | Add +7.9% | 1.87% | +0.14 |
| VOO Vanguard S&P 500 ETF | Add +0.9% | 2.84% | +0.13 |
| DFAT Dimensional US Target Value | Add +6.2% | 2.77% | +0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +36.1% | 0.40% | +0.12 |
| MSFT Microsoft Corp. | Add +15.2% | 0.23% | +0.07 |
| NVDA Nvidia Corp. | Add +8.4% | 0.20% | +0.06 |
| INFL Horizon Kinetics Infl Benef | New | 0.06% | +0.06 |
| FNDX Schwab Fndmntl US LRG Co. ETF | Add +1071.1% | 0.07% | +0.06 |
| DFAC Dimensional US Core Equity 2 | Add +0.6% | 1.98% | +0.05 |
| DFIV Dimensional International Va | Add +6.2% | 0.58% | +0.05 |
| IBMQ iShares Ibonds Dec 2028 Muni | Add +106.3% | 0.09% | +0.04 |
| DFLV Dim US Large Cap Value ETF | Add +6.3% | 2.96% | +0.04 |
| GNR State Street SPDR S&P Global | Add +19.6% | 0.27% | +0.03 |
| NFLX Netflix Inc. | Add +59.8% | 0.06% | +0.03 |
| DFCF Dimensional Core Fixed Inc. | Add +6.5% | 6.25% | +0.03 |
| VV Vngrd Mrgstr LRG-Cap ETF-Usd | Add +3.1% | 0.36% | +0.02 |
| ORCL Oracle Corp. | New | 0.02% | +0.02 |
| IEFA iShares Core MSCI Eafe ETF | Add +7.2% | 0.24% | +0.02 |
| VTI VG Morningstar TS MKT ETF-US | Add +0.1% | 0.61% | +0.02 |
| AMZN Amazon.com Inc. | Add +11.9% | 0.13% | +0.02 |
| SCHX Schwab US Large-Cap ETF | Add +1.0% | 0.46% | +0.02 |
| AVGO Broadcom Inc. | Add +42.8% | 0.04% | +0.02 |
| BMAY Innovator U.S. Equity Buffer | New | 0.02% | +0.02 |
| INTU Intuit Inc. | New | 0.02% | +0.02 |
| IBMR iShares Ibonds Dec 2029 M BD | Add +45.5% | 0.06% | +0.02 |
| CAT Caterpillar Inc. | New | 0.02% | +0.02 |
| GOOGL Alphabet Inc. Class A | Add +10.2% | 0.10% | +0.02 |
| CSCO Cisco Systems Inc. | New | 0.02% | +0.02 |
| IBM Intl Business Machines Corp. | New | 0.02% | +0.02 |
| META Meta Platforms Inc. Class A | Add +9.0% | 0.06% | +0.01 |
| TSLA Tesla Inc. | Add +3.3% | 0.09% | +0.01 |
| IBMP iShares Ibonds Dec 2027 Term | Add +20.9% | 0.10% | +0.01 |
| DFSV Dimensional US Small Cap Val | Add +5.2% | 0.39% | +0.01 |
| IBMO iShares Ibonds Dec 2026 Term | Add +19.6% | 0.11% | +0.01 |
| IWR iShares Russell Mid-Cap ETF | Add +2.7% | 0.25% | +0.01 |
| IBMN iShares Ibonds Dec 2025 Term | Add +18.4% | 0.09% | +0.01 |
| IMAY Innov Intl Dev PB ETF - May | New | 0.01% | +0.01 |
| IEMG iShares Core MSCI Emerging | Add +15.0% | 0.05% | +0.01 |
| ICVT iShares Convertible Bond ETF | New | 0.01% | +0.01 |
| CWB SS SPDR BB Conv Sec ETF | New | 0.01% | +0.01 |
| IWO iShares Russell 2000 Growth | New | 0.01% | +0.01 |
| GOOG Alphabet Inc. Class C | Add +7.9% | 0.06% | +0.01 |
| SCHA Schwab US Small-Cap ETF | Add +2.2% | 0.21% | +0.01 |
| PMAR Innovator U.S. Equity Power | New | 0.01% | +0.01 |
| V Visa Inc. Class A | Add +16.2% | 0.05% | +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 |