Q3 2026 13F · SEC CIK 1350660

Phillips Financial Management, LLC

Wealth managerFiled 2026-10-19 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.3B
Reported positions: 282
Top holdings a year, 3 yrs: +13.4%
Assets under management: $2.6B

Phillips Financial Management, LLC is a wealth manager that reported 282 positions worth $1.3B in its Q3 2026 13F, filed 2026-10-19. Its largest holdings were Ishares Tr (IVV, 11.8%), Dimensional ETF Trust (DFCF, 9.1%), Dimensional ETF Trust (DFIC, 7.3%). 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 282 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 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	Q2 2026	Shares	Share change	Reported value
IVVIshares Tr	11.8%	11.1%	201,088	-0.5%	$154.0M
DFCFDimensional ETF Trust	9.1%	8.0%	2,976,878	+14.5%	$119.4M
DFICDimensional ETF Trust	7.3%	6.7%	2,543,893	+3.2%	$95.7M
DFSDDimensional Short-Duration Fixed Income	7.2%	6.1%	2,015,032	+14.7%	$93.6M
DFLVDimensional ETF Trust	4.4%	4.0%	1,436,766	+5.3%	$57.7M
DFATDimensional ETF Trust	3.7%	3.7%	731,786	+2.7%	$48.6M
DFEMDimensional ETF Trust	3.2%	3.1%	1,048,796	+1.8%	$41.7M
VOOVanguard Index Fds	2.8%	2.6%	51,285	-1.1%	$35.9M
VXUSVanguard Star Fds	2.7%	2.6%	411,087	-2.0%	$34.9M
DFASDimensional ETF Trust	2.6%	2.5%	431,887	+3.2%	$33.4M
IJHIshares Tr	2.4%	2.6%	442,933	-2.7%	$31.9M
DFACDimensional ETF Trust	2.4%	2.3%	704,170	-0.5%	$31.3M
IVEIshares Tr	2.0%	2.0%	116,325	-2.6%	$26.6M
VOVanguard Index Fds	1.8%	1.8%	304,897	-0.5%	$23.9M
BNDXVanguard Charlotte Fds	1.7%	1.9%	478,258	-9.6%	$22.4M
DUSBDimensional Ultrashort Fixed Income ETF	1.6%	1.3%	413,302	+14.3%	$20.9M
IXUSIshares Tr	1.6%	1.7%	215,267	-9.3%	$20.4M
USHYiShares Broad USD High Yield Corporate B	1.3%	1.2%	477,901	+5.3%	$17.1M
LRGFIshares Tr	1.3%	1.2%	215,125	-2.3%	$16.7M
VOOVVanguard Admiral Fds Inc	1.2%	1.2%	69,646	-2.8%	$15.3M
SPYState Str Spdr S&p 500 ETF T	1.1%	0.7%	19,058	+44.2%	$14.5M
VBRVanguard Index Fds	0.9%	0.9%	48,633	-1.9%	$11.2M
VTIVanguard Index Fds	0.8%	0.8%	27,963	-0.1%	$10.5M
AGGIshares Tr	0.8%	0.9%	110,610	-9.6%	$10.5M
JPMJpmorgan Chase & Co	0.8%	0.7%	29,720	-2.7%	$9.8M
DFIVDimensional ETF Trust	0.8%	0.7%	175,879	-4.3%	$9.8M
BNDVanguard Bd Index Fds	0.7%	0.8%	135,167	-6.8%	$9.5M
MGCVanguard World Fd	0.7%	0.6%	30,536	+0.2%	$8.6M
IJSIshares Tr	0.6%	0.6%	61,230	-4.9%	$7.8M
VTVVanguard Index Fds	0.6%	0.6%	33,646	-3.6%	$7.3M
VEUVanguard Intl Equity Index F	0.6%	0.6%	87,069	-3.6%	$7.2M
SCHXSchwab Strategic Tr	0.5%	0.5%	238,838	+0.0%	$7.2M
AAPLApple Inc	0.5%	0.4%	20,948	+0.4%	$7.0M
VCITVanguard Scottsdale Fds	0.5%	0.5%	85,838	-2.2%	$6.7M
INTFIshares Tr	0.5%	0.5%	159,077	-0.8%	$6.6M
DFAXDimensional ETF Trust	0.5%	0.5%	170,695	-3.0%	$6.3M
MGVVanguard World Fd	0.4%	0.4%	35,616	+0.0%	$5.7M
USRTIshares Tr	0.4%	0.5%	88,813	-6.0%	$5.5M
NVDANvidia Corporation	0.4%	0.3%	23,804	+1.8%	$5.4M
IAGGIshares Tr	0.4%	0.4%	100,232	-11.7%	$4.9M
VNQVanguard Index Fds	0.4%	0.4%	54,239	-9.1%	$4.9M
SCHPSchwab Strategic Tr	0.4%	—	185,999	—	$4.7M
VIOOVanguard Admiral Fds Inc	0.3%	0.4%	35,274	+0.0%	$4.5M
GNRSpdr Index Shs Fds	0.3%	—	57,363	—	$4.2M
BIVVanguard Bd Index Fds	0.3%	0.4%	58,173	-11.9%	$4.2M
ISTBIshares Tr	0.3%	0.3%	88,614	-4.3%	$4.2M
IWBIshares Tr	0.3%	—	10,051	—	$4.2M
EFAIshares Tr	0.3%	0.3%	39,913	-2.2%	$4.1M
BSVVanguard Bd Index Fds	0.3%	0.3%	53,859	-10.1%	$4.1M
MSFTMicrosoft Corp	0.3%	—	7,743	—	$4.0M

What Phillips Financial Management, LLC bought and sold in Q3 2026, against Q2 2026.

New positions

Q2 2026's filing was too long to tell new positions apart.

Added to

SPY State Str Spdr S&p 500 ETF T+44.2% shares
DFSD Dimensional Short-Duration Fixed Income +14.7% shares
DFCF Dimensional ETF Trust+14.5% shares
DUSB Dimensional Ultrashort Fixed Income ETF+14.3% shares
DFLV Dimensional ETF Trust+5.3% shares
USHY iShares Broad USD High Yield Corporate B+5.3% shares

Reduced

Left the top 50

Share counts compared with the Q2 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, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 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
Q3 2026	$1.3B	282
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

Questions about Phillips Financial Management, LLC's portfolio

What stocks does Phillips Financial Management, LLC own?

Phillips Financial Management, LLC's latest 13F, for Q3 2026 and filed Oct 19, 2026, lists 282 positions worth $1.3B. The largest are Ishares Tr (IVV) at 11.8%, Dimensional ETF Trust (DFCF) at 9.1%, Dimensional ETF Trust (DFIC) at 7.3%, Dimensional Short-Duration Fixed Income (DFSD) at 7.2% and Dimensional ETF Trust (DFLV) at 4.4%.

What did Phillips Financial Management, LLC buy last quarter?

In Q3 2026, Phillips Financial Management, LLC added State Str Spdr S&p 500 ETF T (SPY) (+44.2% shares), Dimensional Short-Duration Fixed Income (DFSD) (+14.7% shares) and Dimensional ETF Trust (DFCF) (+14.5% shares), compared with its Q2 2026 filing.

What did Phillips Financial Management, LLC sell last quarter?

In Q3 2026, Phillips Financial Management, LLC cut from its top 50 Dimensional ETF Trust (DUHP), cut from its top 50 Dimensional US Real (DFAR), cut from its top 50 Dimensional US Small Cap (DFSV), cut from its top 50 Vanguard Index Fds (VV), Vanguard Bd Index Fds (BIV) (-11.9% shares), Ishares Tr (IAGG) (-11.7% shares) and Vanguard Bd Index Fds (BSV) (-10.1% shares), compared with its Q2 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 Dec 31, 2026 is due by Feb 14, 2027; 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 $1.3B.