Q2 2026 13F · SEC CIK 1350660

Phillips Financial Management, LLC

Wealth managerFiled 2026-08-03 for Q2 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.4B
Reported positions: 291
Top holdings a year, 3 yrs: +13.4%
Assets under management: $2.6B

Phillips Financial Management, LLC is a wealth manager that reported 291 positions worth $1.4B in its Q2 2026 13F, filed 2026-08-03. Its largest holdings were Ishares Core S&p 500 ETF (IVV, 11.1%), Dimensional ETF Trust (DFCF, 8.0%), Dfa Dimensional Intl Core Equit (DFIC, 6.7%). A portfolio copying its top holdings returned 13.4% a year over the last 3 years, against 20.4% for the S&P 500.

Phillips Financial Management, LLC holdings largest 50 of 291 positions.

Weights are shares of the filer's total reported 13F value, compared with Q1 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Phillips Financial Management, LLC 13F holdings
Stock	% of 13F value	Q1 2026	Shares	Share change	Reported value
IVVIshares Core S&p 500 ETF	11.1%	10.5%	201,998	-9.1%	$151.3M
DFCFDimensional ETF Trust	8.0%	7.7%	2,598,931	+2.9%	$109.7M
DFICDfa Dimensional Intl Core Equit	6.7%	6.7%	2,464,885	-5.6%	$91.8M
DFSDDimensional ETF Trust	6.1%	6.0%	1,756,850	+2.5%	$83.9M
DFLVDimensional ETF Trust	4.0%	3.7%	1,363,899	-3.4%	$53.9M
DFATDimensional U.s. Targeted Value	3.7%	3.4%	712,667	-6.0%	$49.8M
DUHPDimensional ETF Trust	3.6%	3.3%	1,166,460	-6.6%	$48.7M
DFEMDimensional	3.1%	2.8%	1,030,632	-7.0%	$41.9M
VXUSVanguard Star Fds Vanguard Total Intl St	2.6%	2.7%	419,285	-13.7%	$35.8M
VOOVanguard S&p 500 ETF	2.6%	2.6%	51,871	-15.1%	$35.6M
IJHIshares Tr	2.6%	2.7%	455,314	-17.5%	$35.1M
DFASDimensional ETF Trust	2.5%	2.2%	418,581	-3.6%	$34.5M
DFACDimensional U.s. Core Equity 2	2.3%	2.0%	707,528	-1.8%	$31.4M
IVEIshares S&p 500 Value ETF	2.0%	2.1%	119,479	-14.0%	$27.1M
BNDXVanguard Charlotte Fds	1.9%	2.0%	529,231	-6.9%	$25.6M
VOVanguard Index Fds	1.8%	1.9%	306,530	+242.8%	$24.7M
IXUSIshares Core Msci Total International St	1.7%	2.0%	237,405	-25.5%	$22.7M
DUSBDimensional ETF Trust	1.3%	1.9%	361,664	-29.8%	$18.4M
DFARDimensional ETF Trust	1.3%	1.2%	657,049	-5.5%	$17.2M
USHYIshares Tr	1.2%	1.3%	453,959	-8.2%	$16.8M
LRGFIshares Tr	1.2%	1.4%	220,162	-23.0%	$16.7M
VOOVVanguard S&P 500 Value ETF Total	1.2%	1.2%	71,681	-14.5%	$15.7M
AGGIshares Tr	0.9%	1.3%	122,304	-34.1%	$12.1M
VBRVanguard Small Cap Value ETF	0.9%	0.9%	49,560	-12.4%	$12.0M
BNDVanguard Total Bond Market ETF	0.8%	0.9%	145,034	-12.1%	$10.6M
VTIVanguard Index Fds	0.8%	0.7%	27,987	-1.7%	$10.4M
JPMJpmorgan Chase & Co	0.7%	0.6%	30,532	+0.6%	$10.0M
DFIVDimensional ETF Trust	0.7%	0.7%	183,756	-1.3%	$9.9M
SPYSpdr S&p 500 ETF Tr	0.7%	0.6%	13,220	-1.7%	$9.9M
IJSIShares S&P Small Cap 600 Value	0.6%	0.7%	64,417	-23.0%	$8.8M
MGCVanguard Mega Cap ETF Total	0.6%	0.6%	30,476	-15.0%	$8.3M
VTVVanguard Value ETF	0.6%	0.5%	34,910	-7.0%	$7.6M
VEUVanguard FTSE All	0.6%	0.5%	90,360	-8.9%	$7.6M
VCITVanguard Scottsdale Fds	0.5%	0.6%	87,797	-18.8%	$7.3M
SCHXSchwab Stratgc Tr	0.5%	0.5%	238,838	-4.7%	$7.0M
DFSVDfa U.s. Small Cap Value ETF	0.5%	0.4%	170,246	-3.3%	$6.6M
INTFIshares Tr	0.5%	0.6%	160,285	-20.5%	$6.6M
DFAXDimensional World Ex U.s. Core	0.5%	0.4%	175,893	-2.2%	$6.5M
USRTIshares Tr	0.5%	0.5%	94,508	-22.7%	$6.3M
AAPLApple Inc	0.4%	0.4%	20,863	-2.9%	$6.0M
MGVVanguard Mega Cap Value ETF Total	0.4%	0.5%	35,616	-18.1%	$5.8M
VNQVanguard Real Estate ETF	0.4%	0.5%	59,658	-26.9%	$5.8M
IAGGiShares International Aggregate Bond Fun	0.4%	0.6%	113,497	-30.0%	$5.7M
BIVVanguard Bd Index Fds	0.4%	0.5%	66,032	-25.2%	$5.1M
VIOOVanguard Admiral Fds Inc	0.4%	—	35,274	—	$4.9M
NVDANvidia Corporation Com	0.3%	0.3%	23,385	-0.6%	$4.7M
BSVVanguard Bd Index Fds Vanguard Short Ter	0.3%	0.4%	59,924	-23.4%	$4.7M
ISTBIshares Tr	0.3%	0.4%	92,558	-26.9%	$4.5M
VVVanguard Inx Lrg	0.3%	—	12,632	—	$4.3M
EFAiShs MSCI EAFE	0.3%	0.4%	40,803	-23.8%	$4.2M

What Phillips Financial Management, LLC bought and sold in Q2 2026, against Q1 2026.

New positions

Q1 2026's filing was too long to tell new positions apart.

Share counts compared with the Q1 2026 13F; a split also changes share counts. The latest filing lists more than 50 positions, so a position that left the top 50 may still be held.

How the holdings did against the S&P 500.

1 year: +15.8% /yr; S&P 500 +20.1%
3 years: +13.4% /yr; S&P 500 +20.4%
5 years: +6.1% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value and rebuilt each quarter on the day the filing became public. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q2 2026	$1.4B	291
Q1 2026	$1.4B	283
Q4 2025	$1.6B	307
Q3 2025	$1.5B	305
Q2 2025	$1.4B	279
Q1 2025	$1.3B	258
Q4 2024	$1.3B	259
Q3 2024	$1.3B	275
Q2 2024	$1.2B	271
Q1 2024	$1.2B	261
Q4 2023	$1.2B	250
Q3 2023	$1.1B	235

Questions about Phillips Financial Management, LLC's portfolio

What stocks does Phillips Financial Management, LLC own?

Phillips Financial Management, LLC's latest 13F, for Q2 2026 and filed Aug 3, 2026, lists 291 positions worth $1.4B. The largest are Ishares Core S&p 500 ETF (IVV) at 11.1%, Dimensional ETF Trust (DFCF) at 8.0%, Dfa Dimensional Intl Core Equit (DFIC) at 6.7%, Dimensional ETF Trust (DFSD) at 6.1% and Dimensional ETF Trust (DFLV) at 4.0%.

What did Phillips Financial Management, LLC buy last quarter?

In Q2 2026, Phillips Financial Management, LLC added Vanguard Index Fds (VO) (+242.8% shares), compared with its Q1 2026 filing.

What did Phillips Financial Management, LLC sell last quarter?

In Q2 2026, Phillips Financial Management, LLC cut from its top 50 Schwab Strategic Tr (SCHZ), cut from its top 50 State Street Spdr S&p Global Natural Res (GNR), Ishares Tr (AGG) (-34.1% shares), iShares International Aggregate Bond Fun (IAGG) (-30.0% shares) and Dimensional ETF Trust (DUSB) (-29.8% shares), compared with its Q1 2026 filing.

How has Phillips Financial Management, LLC's portfolio performed?

A portfolio copying Phillips Financial Management, LLC's 20 largest 13F holdings each quarter, from the day each filing was public, returned +13.4% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +15.8% against +20.1%. Over 5 years: +6.1% a year against +11.6%.

When is Phillips Financial Management, LLC's next 13F filing due?

13F filings are due 45 days after each quarter ends. Phillips Financial Management, LLC's filing for the quarter ending Sep 30, 2026 is due by Nov 14, 2026; this page updates the day after it is published.

How much money does Phillips Financial Management, LLC manage?

Phillips Financial Management, LLC reported $2.6B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $1.4B.