PHILLIPS FINANCIAL MANAGEMENT, LLC

CIK 1350660 · View on SEC EDGAR ↗

Portfolio value
$1.4B
#1,982 of 9,443 by 13F value · top 21.0%
Positions
291
As of
June 30, 2026

Portfolio value QoQ: -1.1% 13F does not disclose cash

Top 10 holdings weight
51.49%
Top 25 holdings weight
74.99%
Positions above 1%
22
Effective number of positions
25.9

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 2.31% Est. buys $31,695,606 · sells $140,133,757

Median holding: 7.0 quarters Tracked Q4 2024–Q2 2026 · 77.8% still held

New positions
26
Increased
40
Decreased
144
Closed
18
On this page

Sector breakdown

Technology
1.4%
Financials
0.9%
Communication Services
0.5%
Healthcare
0.4%
Industrials
0.4%
Retail
0.3%
Utilities
0.2%
Financial Services
0.2%
Consumer Discretionary
0.1%
Materials
0.1%
Energy
0.1%
Consumer Staples
0.1%
Communications
0.0%
Logistics & Transportation
0.0%
Consumer products
0.0%
Other/Unmapped
95.3%

Full portfolio 291 positions

Type Streak 8Q trend
IVV $151,274,852 11.09% 201,998 $6,038,750 Down ×3
DFCF $109,700,881 8.04% 2,598,931 $3,041,459 Up ×1
DFIC $91,841,635 6.73% 2,464,885 $-939,949 Down ×2
DFSD $83,889,633 6.15% 1,756,850 $1,808,878 Up ×1
DFLV $53,928,586 3.95% 1,363,899 $3,507,673 Down ×2
DFAT $49,815,430 3.65% 712,667 $2,489,955 Down ×2
DUHP $48,676,390 3.57% 1,166,460 $2,773,945 Down ×2
DFEM $41,884,886 3.07% 1,030,632 $3,604,590 Down ×2
VXUS Vanguard Total International Stock ETF $35,844,717 2.63% 419,285 $-1,634,714 Down ×6
VOO $35,625,731 2.61% 51,871 $-888,566 Down ×3
IJH $35,109,267 2.57% 455,314 $-2,155,999 Down ×6
DFAS $34,466,026 2.53% 418,581 $3,579,896 Down ×2
DFAC $31,385,975 2.30% 707,528 $3,376,436 Down ×4
IVE $27,129,078 1.99% 119,479 $-2,208,670 Down ×6
BNDX Vanguard Total International Bond ETF $25,630,690 1.88% 529,231 $-1,686,902 Down ×2
VO $24,697,132 1.81% 306,530 $-984,523 Up ×1
IXUS iShares Core MSCI Total International Stock ETF $22,657,985 1.66% 237,405 $-4,939,646 Down ×6
DUSB $18,365,312 1.35% 361,664 $-7,752,496 Down ×1
DFAR $17,188,408 1.26% 657,049 $752,791 Down ×2
USHY $16,805,573 1.23% 453,959 $-1,420,428 Down ×2
LRGF $16,650,904 1.22% 220,162 $-2,208,791 Down ×6
VOOV $15,713,192 1.15% 71,681 $-1,375,415 Down ×6
AGG $12,105,707 0.89% 122,304 $-6,305,763 Down ×6
VBR $12,042,655 0.88% 49,560 $-252,672 Down ×6
BND Vanguard Total Bond Market ETF $10,646,987 0.78% 145,034 $-1,506,654 Down ×6
VTI $10,356,522 0.76% 27,987 $1,221,272 Down ×1
JPM JP Morgan Chase & Co. Common Stock $9,994,125 0.73% 30,532 $1,069,265 Up ×6
DFIV $9,926,535 0.73% 183,756 $98,937 Down ×3
SPY SPY $9,872,978 0.72% 13,220 $1,130,971 Down ×3
IJS $8,804,635 0.65% 64,417 $-1,110,260 Down ×6
MGC $8,339,244 0.61% 30,476 $-138,950 Down ×5
VTV $7,608,065 0.56% 34,910 $242,013 Down ×3
VEU $7,567,684 0.55% 90,360 $115,495 Down ×6
VCIT Vanguard Intermediate-Term Corporate Bond ETF $7,256,494 0.53% 87,797 $-1,691,586 Down ×6
SCHX $7,029,002 0.52% 238,838 $605,618 Down ×2
DFSV $6,603,846 0.48% 170,246 $431,908 Down ×3
INTF $6,565,289 0.48% 160,285 $-1,291,030 Down ×6
DFAX $6,479,902 0.47% 175,893 $371,131 Down ×3
USRT $6,280,060 0.46% 94,508 $-953,967 Down ×6
AAPL Apple Inc. - Common Stock $6,037,108 0.44% 20,863 $583,584 Down ×3
MGV $5,821,435 0.43% 35,616 $-481,861 Down ×5
VNQ $5,752,861 0.42% 59,658 $-1,486,089 Down ×6
IAGG $5,742,963 0.42% 113,497 $-2,366,629 Down ×6
BIV $5,064,713 0.37% 66,032 $-1,746,278 Down ×6
VIOO $4,851,586 0.36% 35,274 $801,073
NVDA NVIDIA Corporation - Common Stock $4,679,262 0.34% 23,385 $577,586 Down ×2
BSV $4,668,704 0.34% 59,924 $-1,465,718 Down ×2
ISTB iShares Core 1-5 Year USD Bond ETF $4,465,927 0.33% 92,558 $-1,671,629 Down ×6
VV $4,344,370 0.32% 12,632 $544,705 Down ×4
EFA $4,238,662 0.31% 40,803 $-960,785 Down ×3
IWB $4,130,627 0.30% 10,087 $534,006
IVOO $4,008,105 0.29% 30,737 $331,402 Down ×2
GNR $3,883,445 0.28% 57,694 $-230,739 Up ×1
VTIP Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares $3,814,944 0.28% 75,949 $-264,525 Down ×2
SCHZ $3,798,617 0.28% 164,229 $-563,627 Down ×2
SCHP $3,714,462 0.27% 140,168 $674,328 Up ×6
IJR $3,561,001 0.26% 24,010 $-21,321 Down ×6
IWR $3,479,382 0.26% 31,539 $154,505 Down ×2
SCHA $3,445,971 0.25% 95,377 $497,899 Down ×4
IBDR $3,301,798 0.24% 136,269 $-26,669 Down ×1
IEFA $3,111,152 0.23% 32,213 $194,890
VB $3,081,518 0.23% 10,166 $-13,329 Down ×5
SMLF $2,988,551 0.22% 33,526 $169,567 Down ×6
ICSH $2,827,963 0.21% 55,910 $-574,907 Down ×2
LLY Eli Lilly and Company Common Stock $2,804,141 0.21% 2,337 $155,493 Down ×2
GOOGL Alphabet Inc. - Class A Common Stock $2,673,485 0.20% 7,481 $480,552 Down ×3
VMBS Vanguard Mortgage-Backed Securities ETF $2,636,386 0.19% 56,321 $-27,933 Down ×1
ATO Atmos Energy Corporation Common Stock $2,612,819 0.19% 15,167 $-189,938 Down ×1
MUB $2,591,933 0.19% 24,084 $-1,273,820 Down ×2
VCSH Vanguard Short-Term Corporate Bond ETF $2,550,846 0.19% 32,276 $-454,626 Down ×6
MSFT Microsoft Corporation - Common Stock $2,521,433 0.18% 6,759 $-397,176 Down ×3
IBTG iShares iBonds Dec 2026 Term Treasury ETF $2,479,719 0.18% 108,332 $-2,205 Up ×4
AMZN Amazon.com, Inc. - Common Stock $2,449,659 0.18% 10,278 $324,680 Up ×1
SUB $2,235,125 0.16% 20,993 $-1,473,525 Down ×3
GOOG Alphabet Inc. - Class C Capital Stock $2,173,333 0.16% 6,151 $416,029 Up ×1
VXF $2,116,421 0.16% 8,596 $333,576 Down ×2
ITOT $2,075,387 0.15% 12,634 $50,745 Down ×2
TIP $1,997,340 0.15% 18,252 $-1,019,474 Down ×6
DISV $1,943,599 0.14% 48,432 $88,451 Up ×2
IBHF $1,935,125 0.14% 85,436 $-25,631
IBDS $1,874,095 0.14% 77,378 $-1,548
IWD $1,871,474 0.14% 7,719 $-21,567 Down ×6
TSLA Tesla, Inc. - Common Stock $1,681,033 0.12% 3,996 $193,382 Down ×2
GLD $1,624,556 0.12% 4,410 $-278,186 Down ×3
VTEB $1,582,178 0.12% 31,280 $-512,438 Down ×6
SPDW $1,532,813 0.11% 30,419 $144,186
IJJ $1,489,414 0.11% 10,082 $153,549
IBMO $1,467,203 0.11% 57,223 $-50,529 Down ×1
BRKB $1,465,142 0.11% 2,928 $-137,782 Down ×1
VUG $1,443,534 0.11% 16,758 $221,396 Up ×1
VWO $1,394,352 0.10% 23,359 $-60,380 Down ×3
SCHM $1,377,389 0.10% 37,358 $154,252 Down ×4
IBMP $1,363,783 0.10% 53,650 $-81,184 Down ×1
RWR $1,316,778 0.10% 11,656 $79,971 Down ×6
DFUV $1,313,212 0.10% 23,872 $159,209 Up ×6
EMGF $1,305,054 0.10% 17,814 $158,213 Down ×6
STIP $1,261,059 0.09% 12,343 $-243,107 Down ×6
IBMQ $1,257,359 0.09% 49,154 $2,457
NPO Enpro Inc. Common Stock $1,239,145 0.09% 3,287 $442,904 Up ×2
VIOV $1,186,441 0.09% 10,112 $57,534 Down ×4

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security Value % of portfolio Streak
JPM $9,994,125 0.73% up ×6
SCHP $3,714,462 0.27% up ×6
IBTG $2,479,719 0.18% up ×4
DFUV $1,313,212 0.10% up ×6
IBTH $865,316 0.06% up ×4
STLD $840,660 0.06% up ×5
ICE $213,596 0.02% up ×3
SPAB $13,004 0.00% up ×5

Biggest new bets

New positions opened this quarter, largest first.

Security Value Shares % of portfolio
KLAC $469,762 1,557 0.03%
AMAT $433,810 600 0.03%
WDC $353,212 553 0.03%
INTC $307,605 2,203 0.02%
AMD $289,293 498 0.02%
CSCO $285,804 2,433 0.02%
PM $258,364 1,428 0.02%
GLW $249,300 976 0.02%
GS $243,740 241 0.02%
WFC $238,341 2,884 0.02%
FLEX $232,408 1,434 0.02%
CRWD $230,468 302 0.02%
MO $230,096 3,198 0.02%
AXP $229,334 678 0.02%
MS $222,020 1,062 0.02%

Top movers (QoQ)

Security Action Shares Δ Value Δ
DUSB Trimmed -153K -$7.8M
AGG Trimmed -63K -$6.3M
IVV Trimmed -20K +$6.0M
IXUS Trimmed -81K -$4.9M
DFEM Trimmed -77K +$3.6M
DFAS Trimmed -16K +$3.6M
DFLV Trimmed -48K +$3.5M
DFAC Trimmed -13K +$3.4M
DFCF Bought more +73K +$3.0M
DUHP Trimmed -82K +$2.8M

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

SecurityQuarter Shares before Value before Price since exit
IBDQ Dec. 31, 2025 112,989 $2,846,193 No longer tracked
IBTF Dec. 31, 2025 74,079 $1,730,856 No longer tracked
IBHE Dec. 31, 2025 65,432 $1,519,331 No longer tracked
IBMN Dec. 31, 2025 48,291 $1,293,716 No longer tracked
LNG June 30, 2026 2,341 $664,282 16.1%
IGSB June 30, 2026 9,117 $479,172
KR March 31, 2026 7,294 $455,734 -22.9%
SIVR March 31, 2026 6,000 $405,840 No longer tracked
ABT June 30, 2026 3,711 $381,014 26.6%
NEAR June 30, 2025 6,773 $344,524 No longer tracked
EMR Dec. 31, 2025 2,620 $343,697 17.1%
UNH June 30, 2025 558 $292,253 25.8%
MCD Dec. 31, 2025 954 $289,911 -11.4%
COF March 31, 2026 1,187 $287,681 17.1%
COP June 30, 2026 2,158 $284,862 29.7%
LOW June 30, 2026 1,147 $271,019 -0.8%
HPQ Dec. 31, 2025 9,363 $254,954 33.2%
CSCO March 31, 2026 3,305 $254,509 42.0%
NOW Dec. 31, 2025 269 $247,964 -15.4%
RTX March 31, 2026 1,344 $246,490 12.6%
BAC June 30, 2026 5,006 $244,043 10.4%
COP Dec. 31, 2025 2,569 $243,006 44.1%
IBM March 31, 2026 802 $237,560 -2.6%
WFC March 31, 2026 2,516 $234,499 7.0%
HOOD Dec. 31, 2025 1,628 $233,097 -13.2%
APP March 31, 2026 345 $232,468 -20.5%
SRE March 31, 2025 2,560 $224,529 21.5%
SRE March 31, 2026 2,543 $224,521 -10.8%
HPQ June 30, 2025 8,107 $224,483 21.3%
GS Dec. 31, 2025 274 $218,200 15.7%
MO Dec. 31, 2025 3,301 $218,064 15.0%
AXP March 31, 2026 581 $214,936 10.6%
CRM March 31, 2026 806 $213,517 10.2%
WM June 30, 2026 921 $211,637 1.2%
ADBE March 31, 2026 588 $205,794 12.7%
LMT Dec. 31, 2025 407 $203,178 20.6%
INTU March 31, 2026 306 $202,701 -16.3%
GM Dec. 31, 2025 3,324 $202,664 3.6%
DIS March 31, 2026 1,778 $202,283 12.1%
BLK Dec. 31, 2025 173 $201,696 7.7%
LIN Dec. 31, 2025 424 $201,400 14.3%
ELV June 30, 2025 463 $201,386 1.5%
AIG June 30, 2026 2,673 $201,143 1.3%
EPP March 31, 2026 3,141 $158,526 No longer tracked
DFGP June 30, 2025 2,167 $115,783
IJT March 31, 2026 661 $93,307
ESGD June 30, 2026 843 $80,608
DFGX June 30, 2025 1,385 $72,366
VOOG June 30, 2026 157 $64,007 No longer tracked
REM June 30, 2025 2,287 $51,320 No longer tracked
USMV March 31, 2026 491 $46,242 No longer tracked
VFH June 30, 2026 379 $45,787 No longer tracked
FNDF March 31, 2026 948 $42,859 No longer tracked
EWT June 30, 2025 900 $42,732 No longer tracked
ESGV June 30, 2026 347 $38,958 No longer tracked
QUAL Dec. 31, 2025 200 $38,938 No longer tracked
EEM March 31, 2025 910 $38,056 No longer tracked
ICLN June 30, 2026 1,925 $35,208
EWC March 31, 2026 650 $35,055 No longer tracked
EWY March 31, 2026 317 $30,819 No longer tracked
SCHI March 31, 2026 1,218 $27,977 No longer tracked
FNDE March 31, 2026 745 $26,865 No longer tracked
SHV June 30, 2026 243 $26,825
FNDA March 31, 2026 837 $26,374 No longer tracked
SMBS March 31, 2026 871 $22,363 No longer tracked
IBB June 30, 2026 121 $20,431 12.1%
EWA March 31, 2026 775 $20,297 No longer tracked
SCHR March 31, 2026 809 $20,290 No longer tracked
ESML June 30, 2026 429 $20,172 No longer tracked
IGEB March 31, 2025 450 $19,962 No longer tracked
EMB Sept. 30, 2025 209 $19,358
VCLT March 31, 2025 247 $18,471
XLC June 30, 2026 135 $14,966 No longer tracked
XLU March 31, 2026 274 $11,697 No longer tracked
IDEV Dec. 31, 2025 138 $11,063 No longer tracked
FNDC March 31, 2026 211 $9,400 No longer tracked
SCHC March 31, 2026 194 $8,833 No longer tracked
IEF Sept. 30, 2025 87 $8,332
SPTS Sept. 30, 2025 283 $8,289 No longer tracked
IQLT Dec. 31, 2025 187 $8,264 No longer tracked
GWX June 30, 2025 250 $8,002 No longer tracked
RWX March 31, 2025 325 $7,488 No longer tracked
VCLT Sept. 30, 2025 86 $6,527
SCHH March 31, 2026 286 $5,975 No longer tracked
EBND March 31, 2026 271 $5,791 No longer tracked
UAE Sept. 30, 2025 247 $4,624
IWP Dec. 31, 2025 32 $4,557 No longer tracked
EWS Sept. 30, 2025 175 $4,547 No longer tracked
EWJ March 31, 2026 50 $4,037 No longer tracked
DFIS March 31, 2025 130 $3,192 No longer tracked
TECB March 31, 2025 56 $2,979 No longer tracked
VGIT Sept. 30, 2025 43 $2,572
IHAK March 31, 2025 50 $2,440 No longer tracked
IYR March 31, 2026 20 $1,878 No longer tracked
EEM Sept. 30, 2025 25 $1,206 No longer tracked
IDNA March 31, 2025 42 $950 No longer tracked
IXC June 30, 2026 1 $52 No longer tracked