# PHILLIPS FINANCIAL MANAGEMENT, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1350660. Source: https://holderbook.com/funds/1350660-phillips-financial-management-llc/

- Reported value: $1.4B
- Positions: 291
- Weight of the ten largest: 51.5%
- Filed: 2026-08-03

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $151.3M | 201,998 | 11.1% | 31 |
| DIMENSIONAL ETF TRUST | [DFCF](https://holderbook.com/stocks/DFCF/) | $109.7M | 2,598,931 | 8.0% | 18 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $91.8M | 2,464,885 | 6.7% | 16 |
| DIMENSIONAL ETF TRUST | [DFSD](https://holderbook.com/stocks/DFSD/) | $83.9M | 1,756,850 | 6.1% | 18 |
| DIMENSIONAL ETF TRUST | [DFLV](https://holderbook.com/stocks/DFLV/) | $53.9M | 1,363,899 | 4.0% | 14 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $49.8M | 712,667 | 3.7% | 18 |
| DIMENSIONAL ETF TRUST | [DUHP](https://holderbook.com/stocks/DUHP/) | $48.7M | 1,166,460 | 3.6% | 14 |
| DIMENSIONAL ETF TRUST | [DFEM](https://holderbook.com/stocks/DFEM/) | $41.9M | 1,030,632 | 3.1% | 16 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $35.8M | 419,285 | 2.6% | 31 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $35.6M | 51,871 | 2.6% | 31 |
| ISHARES TR | [IJH](https://holderbook.com/stocks/IJH/) | $35.1M | 455,314 | 2.6% | 31 |
| DIMENSIONAL ETF TRUST | [DFAS](https://holderbook.com/stocks/DFAS/) | $34.5M | 418,581 | 2.5% | 18 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $31.4M | 707,528 | 2.3% | 18 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $27.1M | 119,479 | 2.0% | 31 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $25.6M | 529,231 | 1.9% | 31 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $24.7M | 306,530 | 1.8% | 31 |
| ISHARES TR | [IXUS](https://holderbook.com/stocks/IXUS/) | $22.7M | 237,405 | 1.7% | 31 |
| DIMENSIONAL ETF TRUST | [DUSB](https://holderbook.com/stocks/DUSB/) | $18.4M | 361,664 | 1.3% | 12 |
| DIMENSIONAL ETF TRUST | [DFAR](https://holderbook.com/stocks/DFAR/) | $17.2M | 657,049 | 1.3% | 17 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $16.8M | 453,959 | 1.2% | 31 |
| ISHARES TR | [LRGF](https://holderbook.com/stocks/LRGF/) | $16.7M | 220,162 | 1.2% | 31 |
| VANGUARD ADMIRAL FDS INC | [VOOV](https://holderbook.com/stocks/VOOV/) | $15.7M | 71,681 | 1.2% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $12.1M | 122,304 | 0.9% | 31 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $12.0M | 49,560 | 0.9% | 31 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $10.6M | 145,034 | 0.8% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $10.4M | 27,987 | 0.8% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $10.0M | 30,532 | 0.7% | 31 |
| DIMENSIONAL ETF TRUST | [DFIV](https://holderbook.com/stocks/DFIV/) | $9.9M | 183,756 | 0.7% | 18 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $9.9M | 13,220 | 0.7% | 16 |
| ISHARES TR | [IJS](https://holderbook.com/stocks/IJS/) | $8.8M | 64,417 | 0.6% | 31 |
| VANGUARD WORLD FD | [MGC](https://holderbook.com/stocks/MGC/) | $8.3M | 30,476 | 0.6% | 31 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $7.6M | 34,910 | 0.6% | 31 |
| VANGUARD INTL EQUITY INDEX F | [VEU](https://holderbook.com/stocks/VEU/) | $7.6M | 90,360 | 0.6% | 31 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $7.3M | 87,797 | 0.5% | 31 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $7.0M | 238,838 | 0.5% | 21 |
| DIMENSIONAL ETF TRUST | [DFSV](https://holderbook.com/stocks/DFSV/) | $6.6M | 170,246 | 0.5% | 17 |
| ISHARES TR | [INTF](https://holderbook.com/stocks/INTF/) | $6.6M | 160,285 | 0.5% | 31 |
| DIMENSIONAL ETF TRUST | [DFAX](https://holderbook.com/stocks/DFAX/) | $6.5M | 175,893 | 0.5% | 17 |
| ISHARES TR | [USRT](https://holderbook.com/stocks/USRT/) | $6.3M | 94,508 | 0.5% | 26 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $6.0M | 20,863 | 0.4% | 16 |
| VANGUARD WORLD FD | [MGV](https://holderbook.com/stocks/MGV/) | $5.8M | 35,616 | 0.4% | 31 |
| VANGUARD INDEX FDS | [VNQ](https://holderbook.com/stocks/VNQ/) | $5.8M | 59,658 | 0.4% | 31 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $5.7M | 113,497 | 0.4% | 31 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $5.1M | 66,032 | 0.4% | 31 |
| VANGUARD ADMIRAL FDS INC | [VIOO](https://holderbook.com/stocks/VIOO/) | $4.9M | 35,274 | 0.4% | 25 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $4.7M | 23,385 | 0.3% | 14 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $4.7M | 59,924 | 0.3% | 31 |
| ISHARES TR | [ISTB](https://holderbook.com/stocks/ISTB/) | $4.5M | 92,558 | 0.3% | 31 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $4.3M | 12,632 | 0.3% | 31 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $4.2M | 40,803 | 0.3% | 31 |
| ISHARES TR | [IWB](https://holderbook.com/stocks/IWB/) | $4.1M | 10,087 | 0.3% | 31 |
| VANGUARD ADMIRAL FDS INC | [IVOO](https://holderbook.com/stocks/IVOO/) | $4.0M | 30,737 | 0.3% | 31 |
| SPDR INDEX SHS FDS | [GNR](https://holderbook.com/stocks/GNR/) | $3.9M | 57,694 | 0.3% | 31 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $3.8M | 75,949 | 0.3% | 31 |
| SCHWAB STRATEGIC TR | [SCHZ](https://holderbook.com/stocks/SCHZ/) | $3.8M | 164,229 | 0.3% | 21 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $3.7M | 140,168 | 0.3% | 16 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $3.6M | 24,010 | 0.3% | 31 |
| ISHARES TR | [IWR](https://holderbook.com/stocks/IWR/) | $3.5M | 31,539 | 0.3% | 31 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $3.4M | 95,377 | 0.3% | 21 |
| ISHARES TR | [IBDR](https://holderbook.com/stocks/IBDR/) | $3.3M | 136,269 | 0.2% | 14 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $3.1M | 32,213 | 0.2% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $3.1M | 10,166 | 0.2% | 26 |
| ISHARES TR | [SMLF](https://holderbook.com/stocks/SMLF/) | $3.0M | 33,526 | 0.2% | 31 |
| ISHARES TR | [ICSH](https://holderbook.com/stocks/ICSH/) | $2.8M | 55,910 | 0.2% | 27 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $2.8M | 2,337 | 0.2% | 16 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $2.7M | 7,481 | 0.2% | 16 |
| VANGUARD SCOTTSDALE FDS | [VMBS](https://holderbook.com/stocks/VMBS/) | $2.6M | 56,321 | 0.2% | 22 |
| ATMOS ENERGY CORP | [ATO](https://holderbook.com/stocks/ATO/) | $2.6M | 15,167 | 0.2% | 19 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $2.6M | 24,084 | 0.2% | 31 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $2.6M | 32,276 | 0.2% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.5M | 6,759 | 0.2% | 16 |
| ISHARES TR | [IBTG](https://holderbook.com/stocks/IBTG/) | $2.5M | 108,332 | 0.2% | 14 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $2.4M | 10,278 | 0.2% | 16 |
| ISHARES TR | [SUB](https://holderbook.com/stocks/SUB/) | $2.2M | 20,993 | 0.2% | 24 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $2.2M | 6,151 | 0.2% | 16 |
| VANGUARD INDEX FDS | [VXF](https://holderbook.com/stocks/VXF/) | $2.1M | 8,596 | 0.2% | 30 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $2.1M | 12,634 | 0.2% | 31 |
| ISHARES TR | [TIP](https://holderbook.com/stocks/TIP/) | $2.0M | 18,252 | 0.1% | 31 |
| DIMENSIONAL ETF TRUST | [DISV](https://holderbook.com/stocks/DISV/) | $1.9M | 48,432 | 0.1% | 16 |
| ISHARES TR | [IBHF](https://holderbook.com/stocks/IBHF/) | $1.9M | 85,436 | 0.1% | 14 |
| ISHARES TR | [IBDS](https://holderbook.com/stocks/IBDS/) | $1.9M | 77,378 | 0.1% | 16 |
| ISHARES TR | [IWD](https://holderbook.com/stocks/IWD/) | $1.9M | 7,719 | 0.1% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $1.7M | 3,996 | 0.1% | 16 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $1.6M | 4,410 | 0.1% | 16 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $1.6M | 31,280 | 0.1% | 31 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $1.5M | 30,419 | 0.1% | 31 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $1.5M | 10,082 | 0.1% | 31 |
| ISHARES TR | [IBMO](https://holderbook.com/stocks/IBMO/) | $1.5M | 57,223 | 0.1% | 22 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.5M | 2,928 | 0.1% | 16 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $1.4M | 16,758 | 0.1% | 16 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $1.4M | 23,359 | 0.1% | 31 |
| SCHWAB STRATEGIC TR | [SCHM](https://holderbook.com/stocks/SCHM/) | $1.4M | 37,358 | 0.1% | 20 |
| ISHARES TR | [IBMP](https://holderbook.com/stocks/IBMP/) | $1.4M | 53,650 | 0.1% | 21 |
| SPDR SERIES TRUST | [RWR](https://holderbook.com/stocks/RWR/) | $1.3M | 11,656 | 0.1% | 31 |
| DIMENSIONAL ETF TRUST | [DFUV](https://holderbook.com/stocks/DFUV/) | $1.3M | 23,872 | 0.1% | 16 |
| ISHARES INC | [EMGF](https://holderbook.com/stocks/EMGF/) | $1.3M | 17,814 | 0.1% | 31 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $1.3M | 12,343 | 0.1% | 31 |
| ISHARES TR | [IBMQ](https://holderbook.com/stocks/IBMQ/) | $1.3M | 49,154 | 0.1% | 19 |
| ENPRO INC | [NPO](https://holderbook.com/stocks/NPO/) | $1.2M | 3,287 | 0.1% | 3 |
| VANGUARD ADMIRAL FDS INC | [VIOV](https://holderbook.com/stocks/VIOV/) | $1.2M | 10,112 | 0.1% | 16 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +8.5% | +14.8% | -6.3% | 100% |
| Q1 2026 | -0.2% | -4.6% | +4.4% | 100% |
| Q4 2025 | +1.6% | +2.4% | -0.8% | 99% |
| Q3 2025 | +5.2% | +7.8% | -2.6% | 100% |
| Q2 2025 | +5.7% | +10.5% | -4.7% | 100% |
| Q1 2025 | -0.7% | -4.6% | +3.8% | 100% |
| Q4 2024 | -2.3% | +2.1% | -4.5% | 99% |
| Q3 2024 | +6.2% | +5.4% | +0.8% | 99% |

## Quarter by quarter

| Quarter | 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 | 276 |
| Q2 2024 | $1.2B | 271 |
| Q1 2024 | $1.2B | 263 |
| Q4 2023 | $1.2B | 252 |
| Q3 2023 | $1.1B | 238 |