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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

Q4 2025 · Filed 2026-01-26
Market Value
$1.6B
+2.4%
Holdings
323
+10
New Purchases
18
Added To
77
Closed
20
Reduced
113
Top 10 Concentration
48.5%
Turnover
11.8%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
DFSD 5.46% 4.86% +0.60% $85M
DFCF 7.24% 6.69% +0.55% $112M
DFIC 6.33% 5.87% +0.47% $98M
DUHP 3.30% 3.05% +0.25% $51M
DFLV 3.23% 3.06% +0.17% $50M
DFAT 3.10% 2.93% +0.17% $48M
DFAS 2.09% 1.97% +0.11% $32M
DUSB 1.48% 1.37% +0.11% $23M
DFEM 2.58% 2.49% +0.09% $40M
LLY 0.22% 0.16% +0.06% $3M
MUB 0.39% 0.35% +0.04% $6M
NPO 0.04% 0.00% +0.04% $578K
GOOG 0.14% 0.10% +0.03% $2M
GOOGL 0.17% 0.14% +0.03% $3M
DFIV 0.61% 0.58% +0.03% $9M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
LRGF 1.39% 1.63% -0.24% $21M
VCIT 0.65% 0.87% -0.22% $10M
IBDQ 0.00% 0.19% -0.19% $0
IJH 3.16% 3.33% -0.17% $49M
AGG 1.55% 1.71% -0.17% $24M
INTF 0.56% 0.70% -0.14% $9M
IBTF 0.00% 0.11% -0.11% $0
IBHE 0.00% 0.10% -0.10% $0
IJR 0.29% 0.39% -0.09% $5M
VXUS 2.74% 2.83% -0.09% $43M
IXUS 2.60% 2.69% -0.09% $40M
VO 1.89% 1.98% -0.09% $29M
IBMN 0.00% 0.09% -0.09% $0
BNDX 2.01% 2.09% -0.08% $31M
IAGG 0.72% 0.79% -0.07% $11M

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 51 $383M 24.7%
Large Cap 169 $808M 52.1%
Mid Cap 63 $300M 19.3%
Small Cap 33 $58M 3.7%
Micro Cap 7 $2M 0.2%

Portfolio Analytics

Avg Market Cap
$189.4B
Median Market Cap
$22.8B
Avg P/E
33.8
Median P/E
26.1
Avg Dividend Yield
0.02%
Avg Beta
0.90
# Stocks
80
# ETFs / Funds
243

Top Holdings (323 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 IVV 11.15% 252,588 $173M $684.94 $3M -719 -0.3%
2 DFCF 7.24% 2,638,266 $112M $42.56 $11M +268,092 +11.3%
3 DFIC 6.33% 2,852,088 $98M $34.46 $9M +140,403 +5.2%
4 DFSD 5.46% 1,766,837 $85M $47.95 $11M +238,095 +15.6%
5 DUHP 3.30% 1,346,524 $51M $38.03 $5M +123,991 +10.1%
6 DFLV 3.23% 1,464,846 $50M $34.21 $4M +56,378 +4.0%
7 IJH 3.16% 743,837 $49M $66.00 -$1M -30,128 -3.9%
8 DFAT 3.10% 807,183 $48M $59.54 $4M +43,634 +5.7%
9 VOO 2.77% 68,523 $43M $627.13 $811K -326 -0.5%
10 VXUS 2.74% 564,285 $43M $75.44 -$396K -20,602 -3.5%
11 IXUS 2.60% 475,862 $40M $84.64 -$447K -17,279 -3.5%
12 DFEM 2.58% 1,211,770 $40M $33.08 $2M +32,588 +2.8%
13 IVE 2.42% 176,795 $37M $212.07 $489K -2,390 -1.3%
14 DFAS 2.09% 465,214 $32M $69.67 $2M +28,061 +6.4%
15 BNDX 2.01% 644,205 $31M $48.32 -$490K +4,948 +0.8%
16 DFAC 1.89% 741,779 $29M $39.59 $106K -16,865 -2.2%
17 VO 1.89% 101,126 $29M $290.22 -$683K -1,112 -1.1%
18 AGG 1.55% 240,317 $24M $99.88 -$2M -18,787 -7.2%
19 DUSB 1.48% 454,478 $23M $50.65 $2M +44,940 +11.0%
20 USHY 1.39% 575,158 $22M $37.39 $693K +24,204 +4.4%
21 LRGF 1.39% 309,639 $21M $69.43 -$3M -47,770 -13.4%
22 VOOV 1.29% 97,618 $20M $204.85 $152K -1,872 -1.9%
23 DFAR 1.11% 749,757 $17M $22.90 $566K +53,570 +7.7%
24 BND 0.99% 208,298 $15M $74.07 -$344K -3,780 -1.8%
25 VBR 0.93% 67,784 $14M $211.79 $155K -259 -0.4%
26 IJS 0.83% 113,865 $13M $113.72 -$647K -9,075 -7.4%
27 IAGG 0.72% 222,092 $11M $50.01 -$879K -11,860 -5.1%
28 MGC 0.71% 43,588 $11M $251.17 $140K -690 -1.6%
29 VCIT 0.65% 120,638 $10M $83.75 -$3M -36,063 -23.0%
30 JPM 0.63% 30,313 $10M $322.22 $243K +119 +0.4%
31 VNQ 0.62% 108,458 $10M $88.49 -$680K -3,960 -3.5%
32 SPY 0.61% 13,953 $10M $681.92 -$116K -504 -3.5%
33 DFIV 0.61% 188,509 $9M $49.90 $683K -650 -0.3%
34 USRT 0.60% 164,557 $9M $56.96 -$339K -837 -0.5%
35 BIV 0.59% 117,982 $9M $77.88 -$404K -4,856 -4.0%
36 VTI 0.59% 27,388 $9M $335.27 $167K -82 -0.3%
37 INTF 0.56% 231,887 $9M $37.75 -$2M -65,239 -22.0%
38 VEU 0.55% 116,054 $9M $73.56 $118K -1,913 -1.6%
39 ISTB 0.54% 171,355 $8M $48.75 -$460K -9,099 -5.0%
40 VTV 0.52% 42,642 $8M $190.99 $158K -183 -0.4%
41 BSV 0.52% 102,506 $8M $78.81 $275K +3,611 +3.6%
42 MGV 0.49% 54,125 $8M $141.16 -$55K -1,740 -3.1%
43 SCHX 0.45% 262,108 $7M $26.91 $295K +5,523 +2.1%
44 EFA 0.45% 72,648 $7M $96.03 $89K -1,116 -1.5%
45 AAPL 0.40% 22,792 $6M $271.86 -$20K -1,620 -6.6%
46 MUB 0.39% 56,907 $6M $107.11 $727K +6,501 +12.9%
47 DFAX 0.38% 181,190 $6M $32.73 $68K -5,642 -3.0%
48 DFSV 0.38% 179,220 $6M $32.89 $34K -4,847 -2.6%
49 VV 0.34% 16,897 $5M $314.80 $24K -304 -1.8%
50 VTIP 0.32% 101,721 $5M $49.46 -$9K +2,167 +2.2%
51 SCHZ 0.30% 196,701 $5M $23.37 -$19K +44 +0.0%
52 SUB 0.29% 42,722 $5M $106.70 -$96K -865 -2.0%
53 IJR 0.29% 37,594 $5M $120.18 -$1M -11,580 -23.6%
54 NVDA 0.29% 23,925 $4M $186.50 $90K +493 +2.1%
55 TIP 0.28% 38,953 $4M $109.91 -$309K -2,318 -5.6%
56 ICSH 0.27% 82,364 $4M $50.58 $474K +9,608 +13.2%
57 IWR 0.27% 42,768 $4M $96.27 $13K +254 +0.6%
58 MSFT 0.26% 8,463 $4M $483.60 -$575K -550 -6.1%
59 IWB 0.26% 10,691 $4M $373.44 $89K +12 +0.1%
60 VIOO 0.26% 35,743 $4M $110.96 $2K -139 -0.4%
61 IVOO 0.24% 33,810 $4M $111.80 $48K
62 GNR 0.24% 60,518 $4M $62.14 -$419K -10,071 -14.3%
63 LLY 0.22% 3,183 $3M $1,074.83 $1M +83 +2.7%
64 IEFA 0.22% 37,598 $3M $89.46 $39K -474 -1.2%
65 VCSH 0.22% 41,878 $3M $79.73 -$90K -1,023 -2.4%
66 VB 0.20% 12,043 $3M $257.95 -$69K -446 -3.6%
67 SCHA 0.19% 104,437 $3M $28.48 -$251K -11,173 -9.7%
68 SMLF 0.19% 39,717 $3M $74.88 $2K -262 -0.7%
69 SCHP 0.19% 111,978 $3M $26.49 $17K +2,545 +2.3%
70 IBDR 0.18% 117,313 $3M $24.23 $235K +10,000 +9.3%
71 VMBS 0.17% 56,748 $3M $47.08 $658 -131 -0.2%
72 GOOGL 0.17% 8,331 $3M $313.00 $536K -191 -2.2%
73 ATO 0.16% 15,166 $3M $167.63 -$47K
74 ITOT 0.16% 16,851 $3M $148.69 $56K +35 +0.2%
75 AMZN 0.15% 10,321 $2M $230.85 $294K +811 +8.5%
76 IGIB 0.15% 41,786 $2M $53.88 -$120K -2,063 -4.7%
77 VTEB 0.14% 44,512 $2M $50.29 -$149K -3,170 -6.7%
78 GLD 0.14% 5,372 $2M $396.31 $33K -525 -8.9%
79 GOOG 0.14% 6,724 $2M $313.80 $538K +269 +4.2%
80 JNK 0.13% 21,222 $2M $97.21 -$32K -153 -0.7%
81 RWR 0.13% 20,761 $2M $98.23 -$64K -212 -1.0%
82 VXF 0.13% 9,713 $2M $209.12 -$2K
83 IBTG 0.13% 88,291 $2M $22.88 $431K +19,048 +27.5%
84 SPIP 0.13% 77,342 $2M $25.95 -$86K -2,200 -2.8%
85 IWD 0.13% 9,335 $2M $210.33 $48K -72 -0.8%
86 STIP 0.12% 18,760 $2M $102.39 -$137K -1,149 -5.8%
87 IMTB 0.12% 41,269 $2M $44.20 $101K +2,294 +5.9%
88 TSLA 0.12% 4,024 $2M $449.69 $26K +14 +0.3%
89 VOE 0.11% 9,942 $2M $177.37 -$162K -1,089 -9.9%
90 VWO 0.11% 31,453 $2M $53.76 -$20K -122 -0.4%
91 IJJ 0.10% 11,727 $2M $131.59 $19K -22 -0.2%
92 IBMO 0.10% 59,217 $2M $25.64 -$1K
93 IBHF 0.10% 65,436 $2M $23.08 $448K +20,000 +44.0%
94 DISV 0.10% 39,636 $2M $38.00 $41K -1,422 -3.5%
95 IBMP 0.09% 56,799 $1M $25.39 -$5K
96 VUG 0.09% 2,865 $1M $487.86 $56K +67 +2.4%
97 IBDS 0.09% 57,378 $1M $24.28 $240K +10,000 +21.1%
98 BRK-B 0.09% 2,767 $1M $502.65 $5K +10 +0.4%
99 IAU 0.09% 16,947 $1M $81.17 $119K -315 -1.8%
100 SPDW 0.09% 30,419 $1M $44.41 -$12K -1,426 -4.5%

New Positions

SymbolValue% Port
NPO $578K 0.04%
DE $448K 0.03%
WFC $234K 0.02%
WM $224K 0.01%
IBHG $223K 0.01%
AXP $215K 0.01%
TSM $214K 0.01%
CRM $214K 0.01%
IBTI $187K 0.01%
SCHI $28K —%
FNDE $27K —%
FNDA $26K —%
SCHR $20K —%
FNDC $9K —%
SCHC $9K —%

Sold Out Positions

SymbolValue% Port
NOW —%
GS —%
BLK —%
MO —%
GM —%
HPQ —%
LMT —%
COP —%
MCD —%
EMR —%
HOOD —%
LIN —%
IWP —%
IDEV —%
IQLT —%
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