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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

Q3 2025 · Filed 2025-10-24
Market Value
$1.5B
+10.0%
Holdings
313
+25
New Purchases
34
Added To
104
Closed
8
Reduced
88
Top 10 Concentration
46.6%
Turnover
13.4%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DFCF 6.69% 6.25% +0.44% $101M
DUSB 1.37% 1.07% +0.30% $21M
DUHP 3.05% 2.78% +0.26% $46M
SPY 0.64% 0.40% +0.24% $10M
DFAT 2.93% 2.77% +0.16% $44M
DFSD 4.86% 4.73% +0.13% $74M
DFIC 5.87% 5.74% +0.12% $89M
DFAS 1.97% 1.87% +0.11% $30M
DFLV 3.06% 2.96% +0.10% $46M
DFEM 2.49% 2.40% +0.09% $38M
NVDA 0.29% 0.20% +0.09% $4M
LLY 0.16% 0.07% +0.08% $2M
AAPL 0.41% 0.33% +0.08% $6M
IVV 11.18% 11.10% +0.08% $170M
MSFT 0.31% 0.23% +0.07% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
AGG 1.71% 1.96% -0.25% $26M
VCSH 0.23% 0.43% -0.20% $3M
IJH 3.33% 3.51% -0.18% $51M
IXUS 2.69% 2.86% -0.17% $41M
VCIT 0.87% 1.04% -0.17% $13M
VXUS 2.83% 2.98% -0.14% $43M
IAGG 0.79% 0.93% -0.14% $12M
LRGF 1.63% 1.76% -0.13% $25M
IVE 2.44% 2.57% -0.13% $37M
VOOV 1.31% 1.43% -0.12% $20M
BND 1.04% 1.16% -0.12% $16M
VO 1.98% 2.10% -0.11% $30M
BNDX 2.09% 2.18% -0.09% $32M
INTF 0.70% 0.79% -0.09% $11M
ISTB 0.58% 0.67% -0.09% $9M

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 48 $379M 25.0%
Large Cap 166 $786M 51.9%
Mid Cap 59 $290M 19.1%
Small Cap 32 $59M 3.9%
Micro Cap 8 $2M 0.1%

Portfolio Analytics

Avg Market Cap
$186.2B
Median Market Cap
$23.1B
Avg P/E
32.9
Median P/E
25.6
Avg Dividend Yield
0.02%
Avg Beta
0.90
# Stocks
73
# ETFs / Funds
240

Top Holdings (313 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IVV 11.18% 253,307 $170M $669.30 $16M +6,815 +2.8%
2 DFCF 6.69% 2,370,174 $101M $42.76 $15M +332,760 +16.3%
3 DFIC 5.87% 2,711,685 $89M $32.79 $10M +165,186 +6.5%
4 DFSD 4.86% 1,528,742 $74M $48.19 $9M +171,936 +12.7%
5 IJH 3.33% 773,965 $51M $65.26 $2M -6,505 -0.8%
6 DFLV 3.06% 1,408,468 $46M $32.90 $6M +93,518 +7.1%
7 DUHP 3.05% 1,222,533 $46M $37.77 $8M +143,228 +13.3%
8 DFAT 2.93% 763,549 $44M $58.21 $6M +55,406 +7.8%
9 VXUS 2.83% 584,887 $43M $73.46 $2M -9,181 -1.6%
10 VOO 2.78% 68,849 $42M $612.38 $3M +59 +0.1%
11 IXUS 2.69% 493,141 $41M $82.58 $1M -16,150 -3.2%
12 DFEM 2.49% 1,179,182 $38M $32.07 $5M +63,506 +5.7%
13 IVE 2.44% 179,185 $37M $206.51 $2M -1,811 -1.0%
14 BNDX 2.09% 639,257 $32M $49.46 $2M +32,728 +5.4%
15 VO 1.98% 102,238 $30M $293.74 $1M -959 -0.9%
16 DFAS 1.97% 437,153 $30M $68.46 $4M +32,876 +8.1%
17 DFAC 1.93% 758,644 $29M $38.57 $2M -2,769 -0.4%
18 AGG 1.71% 259,104 $26M $100.25 -$1M -13,484 -5.0%
19 LRGF 1.63% 357,409 $25M $69.08 $402K -21,325 -5.6%
20 USHY 1.37% 550,954 $21M $37.78 $1M +27,705 +5.3%
21 DUSB 1.37% 409,538 $21M $50.78 $6M +118,091 +40.5%
22 VOOV 1.31% 99,490 $20M $199.47 $115K -5,061 -4.8%
23 DFAR 1.10% 696,187 $17M $23.85 $2M +68,948 +11.0%
24 BND 1.04% 212,078 $16M $74.37 -$247K -5,484 -2.5%
25 VBR 0.94% 68,043 $14M $208.71 $883K -251 -0.4%
26 IJS 0.90% 122,940 $14M $110.59 $736K -6,317 -4.9%
27 VCIT 0.87% 156,701 $13M $84.11 -$1M -15,827 -9.2%
28 IAGG 0.79% 233,952 $12M $51.23 -$879K -17,854 -7.1%
29 MGC 0.71% 44,278 $11M $244.09 $800K -219 -0.5%
30 INTF 0.70% 297,126 $11M $35.91 -$229K -21,270 -6.7%
31 VNQ 0.68% 112,418 $10M $91.42 -$223K -5,486 -4.7%
32 USRT 0.64% 165,394 $10M $58.72 $139K -3,851 -2.3%
33 SPY 0.64% 14,457 $10M $666.17 $4M +5,559 +62.5%
34 BIV 0.63% 122,838 $10M $78.09 -$79K -2,215 -1.8%
35 JPM 0.63% 30,194 $10M $315.43 $1M +1,273 +4.4%
36 VTI 0.59% 27,470 $9M $328.17 $541K -412 -1.5%
37 ISTB 0.58% 180,454 $9M $48.84 -$385K -8,618 -4.6%
38 DFIV 0.58% 189,159 $9M $46.12 $759K +3,182 +1.7%
39 VEU 0.56% 117,967 $8M $71.37 -$74K -8,377 -6.6%
40 VTV 0.53% 42,825 $8M $186.49 $2M +6,864 +19.1%
41 BSV 0.51% 98,895 $8M $78.91 -$295K -4,008 -3.9%
42 MGV 0.51% 55,865 $8M $137.74 $315K -384 -0.7%
43 EFA 0.45% 73,764 $7M $93.37 $1M +13,408 +22.2%
44 SCHX 0.45% 256,585 $7M $26.34 $418K -2,836 -1.1%
45 AAPL 0.41% 24,412 $6M $254.63 $2M +2,317 +10.5%
46 DFAX 0.39% 186,832 $6M $31.38 $376K +20 +0.0%
47 DFSV 0.39% 184,067 $6M $31.84 $495K +1,756 +1.0%
48 IJR 0.39% 49,174 $6M $118.83 $78K -3,575 -6.8%
49 MUB 0.35% 50,406 $5M $106.49 -$377K -4,580 -8.3%
50 VV 0.35% 17,201 $5M $307.85 $339K -171 -1.0%
51 VTIP 0.33% 99,554 $5M $50.63 -$86K -2,429 -2.4%
52 MSFT 0.31% 9,013 $5M $517.92 $1M +2,551 +39.5%
53 SUB 0.31% 43,587 $5M $106.78 $238K +2,061 +5.0%
54 SCHZ 0.30% 196,657 $5M $23.47 $9K -1,546 -0.8%
55 TIP 0.30% 41,271 $5M $111.22 -$186K -2,132 -4.9%
56 NVDA 0.29% 23,432 $4M $186.58 $2M +6,128 +35.4%
57 GNR 0.28% 70,589 $4M $59.21 $391K +741 +1.1%
58 IWR 0.27% 42,514 $4M $96.55 $655K +5,000 +13.3%
59 VIOO 0.26% 35,882 $4M $110.47 $317K -142 -0.4%
60 IWB 0.26% 10,679 $4M $365.48 $112K -486 -4.3%
61 IVOO 0.25% 33,810 $4M $110.38 -$425K -5,785 -14.6%
62 ICSH 0.24% 72,756 $4M $50.75 -$462K -9,162 -11.2%
63 VCSH 0.23% 42,901 $3M $79.93 -$2M -31,283 -42.2%
64 IEFA 0.22% 38,072 $3M $87.31 -$6K -1,821 -4.6%
65 SCHA 0.21% 115,610 $3M $27.90 $276K -973 -0.8%
66 VB 0.21% 12,489 $3M $254.28 $213K -15 -0.1%
67 SMLF 0.20% 39,979 $3M $74.35 $100K -2,289 -5.4%
68 SCHP 0.19% 109,433 $3M $26.95 $391K +13,534 +14.1%
69 IBDQ 0.19% 112,989 $3M $25.19 $471K +18,679 +19.8%
70 VMBS 0.18% 56,879 $3M $46.96 $35K
71 IBDR 0.17% 107,313 $3M $24.30 $438K +17,857 +20.0%
72 ATO 0.17% 15,166 $3M $170.75 $254K +10 +0.1%
73 ITOT 0.16% 16,816 $2M $145.65 $80K -729 -4.2%
74 VTEB 0.16% 47,682 $2M $50.07 -$386K -8,881 -15.7%
75 IGIB 0.16% 43,849 $2M $54.09 -$133K -3,149 -6.7%
76 LLY 0.16% 3,100 $2M $763.06 $1M +1,799 +138.3%
77 RWR 0.14% 20,973 $2M $100.29 $77K -40 -0.2%
78 GLD 0.14% 5,897 $2M $355.47 $326K +91 +1.6%
79 JNK 0.14% 21,375 $2M $97.99 -$22K -387 -1.8%
80 SPIP 0.14% 79,542 $2M $26.32 -$108K -4,939 -5.8%
81 AMZN 0.14% 9,510 $2M $219.57 $319K +1,445 +17.9%
82 GOOGL 0.14% 8,522 $2M $243.10 $686K +658 +8.4%
83 STIP 0.14% 19,909 $2M $103.36 -$48K -548 -2.7%
84 VXF 0.13% 9,713 $2M $209.34 $162K
85 VOE 0.13% 11,031 $2M $174.58 $134K +137 +1.3%
86 IWD 0.13% 9,407 $2M $203.58 -$59K -758 -7.5%
87 TSLA 0.12% 4,010 $2M $444.69 $554K +141 +3.6%
88 IBTF 0.11% 74,079 $2M $23.37 $454K +19,436 +35.6%
89 IMTB 0.11% 38,975 $2M $44.21 $1K -482 -1.2%
90 VWO 0.11% 31,575 $2M $54.18 $434K +5,771 +22.4%
91 SCHM 0.11% 54,701 $2M $29.64 $36K -1,817 -3.2%
92 IBTG 0.10% 69,243 $2M $22.95 $466K +20,249 +41.3%
93 GOOG 0.10% 6,455 $2M $243.55 $714K +1,616 +33.4%
94 IJJ 0.10% 11,749 $2M $129.72 $56K -127 -1.1%
95 IBMO 0.10% 59,217 $2M $25.66 $2K
96 IBHE 0.10% 65,432 $2M $23.22 $463K +20,000 +44.0%
97 DISV 0.10% 41,058 $1M $35.69 $42K -2,200 -5.1%
98 IBMP 0.10% 56,799 $1M $25.48 $7K
99 BRK-B 0.09% 2,757 $1M $502.74 $260K +439 +18.9%
100 SPDW 0.09% 31,845 $1M $42.79 $73K

New Positions

SymbolValue% Port
EMR $344K 0.02%
GE $326K 0.02%
BAC $304K 0.02%
TXN $297K 0.02%
MCD $290K 0.02%
SPYG $266K 0.02%
COF $258K 0.02%
HPQ $255K 0.02%
NOW $248K 0.02%
COP $243K 0.02%
AIG $241K 0.02%
APP $239K 0.02%
PEP $237K 0.02%
FDX $234K 0.02%
HOOD $233K 0.02%

Sold Out Positions

SymbolValue% Port
IEF —%
EEM —%
EMB —%
EWS —%
SPTS —%
UAE —%
VCLT —%
VGIT —%
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