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Asset Manager ← All Institutions

PHILLIPS FINANCIAL MANAGEMENT, LLC

6920 POINTE INVERNESS WAY SUITE 230, FORT WAYNE, IN 46804 • 260-420-7732

Q2 2025 · Filed 2025-07-30
Market Value
$1.4B
+6.5%
Holdings
288
+21
New Purchases
30
Added To
81
Closed
9
Reduced
81
Top 10 Concentration
45.7%
Turnover
13.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IVV 11.10% 10.62% +0.48% $153M
DFIC 5.74% 5.38% +0.37% $79M
JPM 0.61% 0.31% +0.30% $8M
DUHP 2.78% 2.52% +0.26% $38M
DFEM 2.40% 2.21% +0.19% $33M
DFAS 1.87% 1.73% +0.14% $26M
VOO 2.84% 2.71% +0.13% $39M
DFAT 2.77% 2.65% +0.12% $38M
SPY 0.40% 0.28% +0.12% $5M
MSFT 0.23% 0.16% +0.07% $3M
NVDA 0.20% 0.13% +0.06% $3M
INFL 0.06% 0.00% +0.06% $871K
FNDX 0.07% 0.01% +0.06% $932K
DFAC 1.98% 1.93% +0.05% $27M
DFIV 0.58% 0.53% +0.05% $8M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ICSH 0.30% 0.50% -0.20% $4M
AGG 1.96% 2.12% -0.15% $27M
INTF 0.79% 0.94% -0.15% $11M
IVE 2.57% 2.70% -0.13% $35M
SHY 0.03% 0.15% -0.12% $444K
DFSD 4.73% 4.84% -0.12% $65M
BNDX 2.18% 2.29% -0.11% $30M
MUB 0.42% 0.52% -0.11% $6M
VOOV 1.43% 1.52% -0.09% $20M
IXUS 2.86% 2.94% -0.08% $39M
DUSB 1.07% 1.16% -0.08% $15M
BND 1.16% 1.24% -0.08% $16M
VNQ 0.76% 0.84% -0.08% $11M
SMLF 0.21% 0.29% -0.08% $3M
IAGG 0.93% 1.01% -0.08% $13M

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 96.9%
Technology 1.1%
Healthcare 0.4%
Communication Services 0.4%
Consumer Cyclical 0.3%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 41 $334M 24.3%
Large Cap 142 $724M 52.6%
Mid Cap 62 $268M 19.4%
Small Cap 35 $49M 3.6%
Micro Cap 8 $2M 0.2%

Portfolio Analytics

Avg Market Cap
$189.9B
Median Market Cap
$16.6B
Avg P/E
35.2
Median P/E
26.4
Avg Dividend Yield
0.02%
Avg Beta
0.87
# Stocks
52
# ETFs / Funds
236

Top Holdings (288 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IVV 11.10% 246,492 $153M $620.90 $16M +1,926 +0.8%
2 DFCF 6.25% 2,037,414 $86M $42.26 $6M +124,059 +6.5%
3 DFIC 5.74% 2,546,499 $79M $31.09 $10M +41,298 +1.6%
4 DFSD 4.73% 1,356,806 $65M $48.01 $2M +38,284 +2.9%
5 IJH 3.51% 780,470 $48M $62.02 $2M -8,857 -1.1%
6 VXUS 2.98% 594,068 $41M $69.09 $3M -23,762 -3.9%
7 DFLV 2.96% 1,314,950 $41M $31.02 $3M +78,319 +6.3%
8 IXUS 2.86% 509,291 $39M $77.31 $1M -35,687 -6.5%
9 VOO 2.84% 68,790 $39M $568.03 $4M +585 +0.9%
10 DUHP 2.78% 1,079,305 $38M $35.56 $6M +93,665 +9.5%
11 DFAT 2.77% 708,143 $38M $53.96 $4M +41,140 +6.2%
12 IVE 2.57% 180,996 $35M $195.42 $442K -2,280 -1.2%
13 DFEM 2.40% 1,115,676 $33M $29.68 $4M +32,750 +3.0%
14 BNDX 2.18% 606,529 $30M $49.51 $406K -260 -0.0%
15 VO 2.10% 103,197 $29M $279.83 $2M -404 -0.4%
16 DFAC 1.98% 761,413 $27M $35.84 $2M +4,360 +0.6%
17 AGG 1.96% 272,588 $27M $99.20 -$332K -4,127 -1.5%
18 DFAS 1.87% 404,277 $26M $63.71 $3M +29,612 +7.9%
19 LRGF 1.76% 378,734 $24M $64.13 $2M -10,314 -2.6%
20 VOOV 1.43% 104,551 $20M $188.71 $71K -2,181 -2.0%
21 USHY 1.42% 523,249 $20M $37.51 $676K +8,408 +1.6%
22 BND 1.16% 217,562 $16M $73.63 -$68K -1,459 -0.7%
23 DUSB 1.07% 291,447 $15M $50.75 -$159K -3,241 -1.1%
24 DFAR 1.07% 627,239 $15M $23.46 $408K +25,352 +4.2%
25 VCIT 1.04% 172,528 $14M $82.92 -$11K -2,585 -1.5%
26 VBR 0.97% 68,294 $13M $195.01 $508K -470 -0.7%
27 IAGG 0.93% 251,806 $13M $51.09 -$189K -9,322 -3.6%
28 IJS 0.93% 129,257 $13M $99.49 $41K -2,245 -1.7%
29 INTF 0.79% 318,396 $11M $34.23 -$1M -76,905 -19.4%
30 VNQ 0.76% 117,904 $11M $89.06 -$389K -2,375 -2.0%
31 MGC 0.73% 44,497 $10M $224.92 $1M -56 -0.1%
32 BIV 0.70% 125,053 $10M $77.34 -$208K -3,980 -3.1%
33 USRT 0.69% 169,245 $10M $56.56 -$380K -3,546 -2.0%
34 ISTB 0.67% 189,072 $9M $48.65 -$264K -6,644 -3.4%
35 VEU 0.62% 126,344 $8M $67.22 $735K -1,539 -1.2%
36 VTI 0.61% 27,882 $8M $303.94 $817K +23 +0.1%
37 JPM 0.61% 28,921 $8M $288.72 $4M +12,776 +79.1%
38 BSV 0.59% 102,903 $8M $78.70 -$292K -4,282 -4.0%
39 DFIV 0.58% 185,977 $8M $42.83 $1M +10,834 +6.2%
40 MGV 0.54% 56,249 $7M $131.20 $120K -101 -0.2%
41 VTV 0.46% 35,961 $6M $176.74 $155K +64 +0.2%
42 SCHX 0.46% 259,421 $6M $24.44 $671K +2,677 +1.0%
43 VCSH 0.43% 74,184 $6M $79.50 -$576K -7,817 -9.5%
44 IJR 0.42% 52,749 $6M $109.29 $137K -1,074 -2.0%
45 MUB 0.42% 54,986 $6M $104.48 -$1M -9,158 -14.3%
46 SPY 0.40% 8,898 $5M $617.86 $2M +2,361 +36.1%
47 DFAX 0.40% 186,812 $5M $29.37 $135K -17,466 -8.6%
48 EFA 0.39% 60,356 $5M $89.39 $305K -1,929 -3.1%
49 DFSV 0.39% 182,311 $5M $29.43 $486K +8,965 +5.2%
50 VTIP 0.37% 101,983 $5M $50.27 -$106K -2,872 -2.7%
51 VV 0.36% 17,372 $5M $285.30 $625K +522 +3.1%
52 TIP 0.35% 43,403 $5M $110.04 -$110K -579 -1.3%
53 SCHZ 0.33% 198,203 $5M $23.24 -$538K -23,903 -10.8%
54 AAPL 0.33% 22,095 $5M $205.17 -$322K +237 +1.1%
55 SUB 0.32% 41,526 $4M $106.34 -$487K -4,899 -10.6%
56 IVOO 0.30% 39,595 $4M $104.98 $249K
57 ICSH 0.30% 81,918 $4M $50.71 -$2M -45,122 -35.5%
58 IWB 0.28% 11,165 $4M $339.57 $357K -31 -0.3%
59 GNR 0.27% 69,848 $4M $54.24 $680K +11,471 +19.6%
60 VIOO 0.26% 36,024 $4M $101.23 $170K
61 IWR 0.25% 37,514 $3M $91.97 $344K +1,000 +2.7%
62 IEFA 0.24% 39,893 $3M $83.48 $516K +2,686 +7.2%
63 MSFT 0.23% 6,462 $3M $497.45 $1M +852 +15.2%
64 VB 0.22% 12,504 $3M $236.98 $168K -103 -0.8%
65 SCHA 0.21% 116,583 $3M $25.30 $277K +2,509 +2.2%
66 SMLF 0.21% 42,268 $3M $67.95 -$826K -17,220 -28.9%
67 VTEB 0.20% 56,563 $3M $49.03 -$207K -3,504 -5.8%
68 NVDA 0.20% 17,304 $3M $157.99 $1M +1,344 +8.4%
69 VMBS 0.19% 56,879 $3M $46.34 -$26K -607 -1.1%
70 SCHP 0.19% 95,899 $3M $26.68 $107K +4,722 +5.2%
71 IGIB 0.18% 46,998 $3M $53.29 -$41K -1,463 -3.0%
72 IBDQ 0.17% 94,310 $2M $25.18 $3K
73 ITOT 0.17% 17,545 $2M $135.04 $204K -198 -1.1%
74 ATO 0.17% 15,156 $2M $154.11 -$4K +17 +0.1%
75 SPIP 0.16% 84,481 $2M $26.06 -$244K -8,239 -8.9%
76 IBDR 0.16% 89,456 $2M $24.25 -$6K -377 -0.4%
77 JNK 0.15% 21,762 $2M $97.27 -$8K -536 -2.4%
78 STIP 0.15% 20,457 $2M $102.91 -$233K -2,145 -9.5%
79 RWR 0.15% 21,013 $2M $96.44 -$146K -902 -4.1%
80 IWD 0.14% 10,165 $2M $194.24 -$3K -345 -3.3%
81 VXF 0.14% 9,713 $2M $192.71 $192K -39 -0.4%
82 VOE 0.13% 10,894 $2M $164.46 $43K
83 GLD 0.13% 5,806 $2M $304.83 $25K -250 -4.1%
84 AMZN 0.13% 8,065 $2M $219.39 $398K +858 +11.9%
85 IMTB 0.12% 39,457 $2M $43.63 -$61K -1,615 -3.9%
86 SCHM 0.12% 56,518 $2M $28.05 $138K +1,266 +2.3%
87 IBMO 0.11% 59,217 $2M $25.62 $251K +9,684 +19.6%
88 IUSB 0.11% 32,473 $2M $46.23 -$31K -774 -2.3%
89 IJJ 0.11% 11,876 $1M $123.58 -$7K -442 -3.6%
90 IBMP 0.10% 56,799 $1M $25.35 $252K +9,819 +20.9%
91 DISV 0.10% 43,258 $1M $32.91 -$25K -6,506 -13.1%
92 GOOGL 0.10% 7,864 $1M $176.23 $282K +728 +10.2%
93 IBMN 0.09% 48,291 $1M $26.76 $201K +7,487 +18.4%
94 SPDW 0.09% 31,845 $1M $40.49 $130K
95 IBTF 0.09% 54,643 $1M $23.36 -$154K -6,580 -10.8%
96 VWO 0.09% 25,804 $1M $49.46 -$56K -3,626 -12.3%
97 EMGF 0.09% 23,744 $1M $52.07 -$726K -18,209 -43.4%
98 TSLA 0.09% 3,869 $1M $317.72 $259K +123 +3.3%
99 IBMQ 0.09% 48,020 $1M $25.41 $631K +24,740 +106.3%
100 VIOV 0.09% 13,980 $1M $85.57 $23K

New Positions

SymbolValue% Port
INFL $871K 0.06%
ORCL $334K 0.02%
BMAY $258K 0.02%
INTU $228K 0.02%
CAT $216K 0.02%
IBM $209K 0.02%
CSCO $208K 0.02%
IMAY $127K 0.01%
ICVT $124K 0.01%
CWB $123K 0.01%
IWO $123K 0.01%
PMAR $77K 0.01%
INOV $49K —%
IMAR $49K —%
PNOV $48K —%

Sold Out Positions

SymbolValue% Port
HPQ —%
UNH —%
NEAR —%
REM —%
EWT —%
DFGX —%
DFGP —%
GWX —%
ANTM —%
View SEC EDGAR Filings for PHILLIPS FINANCIAL MANAGEMENT, LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms