PF
Phillips Financial Management, LLC 13F Holdings Tracker (Q3 2026)
Phillips Financial Management, LLCCIK: 0001350660
Diversified strategyMomentum followerLong-term holder
Total reported value
$1.3B
Reporting period: 2026-09-30 · Number of holdings: 282
PHILLIPS FINANCIAL MANAGEMENT, LLC disclosed 282 holdings in its latest 13F filing for the period ending 2026-09-30, with total reported value of $1.3B and a quarterly turnover rate of 12.3%.
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Personality snowflake
- Concentration
- 17.4
- Portfolio Stability
- 12.25
- Momentum
- 100
- Sector conviction
- 62.3
- Diversification
- 100
- Sizing Uniformity
- 66.37
Phillips Financial Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.044 — mathematically equivalent to about 23 equally-sized positions, well below its 282 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 3.36), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 5% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out DUHP
Sold out DFAR
Add DFCF
+14.5% $9.7M
Add DFSD
+14.7% $9.8M
Add IVV
-0.5% $2.7M
Add DFIC
+3.2% $3.8M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 200 holdings (of 282 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 11.78% | +0.69% | -0.45% | |
| 2 | DFCF | Dimensional Core Fixed Inc | ETF-Other | 9.14% | +1.10% | +14.54% | |
| 3 | DFIC | Dimensional International Co | ETF-Other | 7.32% | +0.59% | +3.21% | |
| 4 | DFSD | Dimensional Short Duration | ETF-Other | 7.17% | +1.02% | +14.70% | |
| 5 | DFLV | Dim US Large Cap Value ETF | ETF-Large Cap & Growth | 4.42% | +0.47% | +5.34% | |
| 6 | DFAT | Dimensional US Target Value | ETF-Other | 3.72% | +0.07% | +2.68% | |
| 7 | DFEM | Dimensional Emrg Mrkt Core | ETF-Other | 3.19% | +0.12% | +1.76% | |
| 8 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 2.75% | +0.14% | -1.13% | |
| 9 | VXUS | Vanguard Total Intl Stock | ETF-Other | 2.67% | +0.04% | -1.96% | |
| 10 | DFAS | Dimensional US Small Cap ETF | ETF-Small Cap | 2.56% | +0.03% | +3.18% | |
| 11 | IJH | Ishares Core S&p Midcap ETF | ETF-Other | 2.44% | -0.13% | -2.72% | |
| 12 | DFAC | Dimensional US Core Equity 2 | ETF-Other | 2.40% | +0.10% | -0.47% | |
| 13 | IVE | Ishares S&p 500 Value ETF | ETF-Large Cap & Growth | 2.03% | +0.04% | -2.64% | |
| 14 | VO | Vanguard Mid-cap ETF | ETF-Other | 1.83% | +0.02% | -0.53% | |
| 15 | BNDX | Vanguard Total Intl Bond ETF | ETF-Other | 1.72% | -0.16% | -9.63% | |
| 16 | DUSB | Dimension Ultrashort Fi ETF | ETF-Other | 1.60% | +0.25% | +14.28% | |
| 17 | IXUS | Ishares Core Intl Stock ETF | ETF-Other | 1.56% | -0.10% | -9.32% | |
| 18 | USHY | Ishares Broad Usd High Yield | ETF-High Yield | 1.31% | +0.08% | +5.27% | |
| 19 | LRGF | Ishares US Equity Factor ETF | ETF-Other | 1.28% | +0.06% | -2.29% | |
| 20 | VOOV | Vanguard S&p 500 Value ETF | ETF-Large Cap & Growth | 1.17% | +0.02% | -2.84% | |
| 21 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.11% | +0.39% | +44.16% | |
| 22 | VBR | Vanguard Small-cap Value ETF | ETF-Other | 0.86% | -0.02% | -1.87% | |
| 23 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 0.80% | +0.04% | -0.09% | |
| 24 | AGG | Ishares Core U.s. Aggregate | ETF-Other | 0.80% | -0.09% | -9.56% | |
| 25 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.75% | +0.02% | -2.66% | |
| 26 | DFIV | Dimensional International Va | ETF-Other | 0.75% | +0.02% | -4.29% | |
| 27 | BND | Vanguard Total Bond Market | ETF-Other | 0.73% | -0.05% | -6.80% | |
| 28 | MGC | Vanguard Mega Cap ETF | ETF-Other | 0.66% | +0.05% | +0.20% | |
| 29 | IJS | Ishares S&p Small-cap 600 Va | ETF-Other | 0.60% | -0.05% | -4.95% | |
| 30 | VTV | Vanguard Value ETF | ETF-Other | 0.56% | — | -3.62% | |
| 31 | VEU | Vanguard Ftse All-world Ex-u | ETF-Other | 0.55% | — | -3.64% | |
| 32 | SCHX | Schwab US Large-cap ETF | ETF-Other | 0.55% | +0.03% | — | |
| 33 | AAPL | Apple Inc | Stock-Tech | 0.53% | +0.09% | +0.41% | |
| 34 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 0.51% | -0.02% | -2.23% | |
| 35 | INTF | Ishares International Equity | ETF-Other | 0.51% | +0.03% | -0.75% | |
| 36 | DFAX | Dimensional World Ex US Core | ETF-Other | 0.48% | — | -2.96% | |
| 37 | MGV | Vanguard Mega Cap Value ETF | ETF-Other | 0.44% | +0.01% | — | |
| 38 | USRT | Ishares Core US Reit ETF | ETF-Other | 0.42% | -0.04% | -6.03% | |
| 39 | NVDA | Nvidia CORP | Stock-Tech | 0.42% | +0.08% | +1.79% | |
| 40 | IAGG | Ishares Intl Aggregate Bond | ETF-Other | 0.38% | -0.04% | -11.69% | |
| 41 | VNQ | Vanguard Real Estate ETF | ETF-Other | 0.37% | -0.05% | -9.08% | |
| 42 | SCHP | Schwab U.s. Tips ETF | ETF-Other | 0.36% | +0.09% | +32.70% | |
| 43 | VIOO | Vanguard S&p Small-cap 600 E | ETF-Other | 0.34% | -0.02% | — | |
| 44 | GNR | State Street Spdr S&p Global | ETF-Other | 0.32% | +0.04% | -0.57% | |
| 45 | BIV | Vanguard Intermediate-term B | ETF-Other | 0.32% | -0.05% | -11.90% | |
| 46 | ISTB | Ishares Core 1-5 Year Usd Bo | ETF-Other | 0.32% | -0.01% | -4.26% | |
| 47 | IWB | Ishares Russell 1000 ETF | ETF-Other | 0.32% | +0.02% | -0.36% | |
| 48 | EFA | Ishares Msci Eafe ETF | ETF-Other | 0.32% | +0.01% | -2.18% | |
| 49 | BSV | Vanguard Short-term Bond ETF | ETF-Other | 0.31% | -0.03% | -10.12% | |
| 50 | MSFT | Microsoft CORP | Stock-Tech | 0.30% | +0.12% | +14.56% |
1–50 of 200
Portfolio Performance
Performance for Q4 2026
-0.1%
Performance Last 4 Quarters
+11.1%
- Stdev
- +9.2%
- Beta
- +0.66
- Alpha
- +0.9%
- Max Drawdown
- -4.5%
- Annualized Perf
- +16.3%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +3.46
- Stutzer
- +0.49
- Treynor
- +0.24
- Sterling
- +1.16
- Calmar
- +3.65
- Information Ratio
- -1.11
- Tracking Error
- +6%
- Stdev Down
- +4.5%
- Winning Months %
- +72.2%
- Losing Months %
- +27.8%
- Best 12 Months
- +24.7%
- Worst 12 Months
- +5.3%
- Efficiency Ratio
- +0.67
- Sharpe
- +1.7
- Stdev Sectors
- +10.4%
- Skewness
- -0.17
- Kurtosis
- -0.01
- Upside Potential
- +4.89
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q3 | 282 | $1.3B | 12 | ||
| 2026 Q2 | 291 | $1.4B | 9 | ||
| 2026 Q1 | 283 | $1.4B | 14 | ||
| 2025 Q4 | 307 | $1.6B | 7 | ||
| 2025 Q3 | 305 | $1.5B | 19 | ||
| 2025 Q2 | 279 | $1.4B | 0 | ||
| 2025 Q1 | 258 | $1.3B | 100 | ||
| 2024 Q4 | 259 | $1.3B | 0 | ||
| 2024 Q3 | 276 | $1.3B | 0 | ||
| 2024 Q2 | 272 | $1.2B | 0 | ||
| 2024 Q1 | 263 | $1.2B | 0 | ||
| 2023 Q4 | 252 | $1.2B | 0 | ||
| 2023 Q3 | 238 | $1.1B | 0 | ||
| 2023 Q2 | 237 | $1.1B | 0 | ||
| 2023 Q1 | 237 | $1.0B | 0 | ||
| 2022 Q4 | 225 | $983.0M | 0 | ||
| 2022 Q3 | 224 | $907.3M | 0 | ||
| 2022 Q2 | 104 | $922.6M | 0 | ||
| 2022 Q1 | 139 | $1.1B | 0 | ||
| 2021 Q4 | 90 | $1.0B | 0 | ||
| 2021 Q3 | 90 | $966.0M | 0 | ||
| 2021 Q2 | 89 | $970.3M | 91 | ||
| 2021 Q1 | 85 | $813.2M | 12 | ||
| 2020 Q4 | 86 | $732.3M | 15 | ||
| 2020 Q3 | 84 | $639.1M | 9 | ||
| 2020 Q2 | 83 | $610.9M | 20 | ||
| 2020 Q1 | 82 | $504.2M | 30 | ||
| 2019 Q4 | 78 | $610.0M | 9 | ||
| 2019 Q3 | 76 | $568.7M | 7 | ||
| 2019 Q2 | 76 | $546.0M | 6 | ||
| 2019 Q1 | 78 | $524.5M | 14 | ||
| 2018 Q4 | 77 | $468.0M | 18 | ||
| 2018 Q3 | 71 | $486.0M | 6 | ||
| 2018 Q2 | 69 | $473.5M | 5 | ||
| 2018 Q1 | 70 | $461.5M | 5 | ||
| 2017 Q4 | 68 | $474.4M | 7 | ||
| 2017 Q3 | 71 | $456.7M | 6 | ||
| 2017 Q2 | 70 | $437.8M | 8 | ||
| 2017 Q1 | 68 | $412.7M | 6 | ||
| 2016 Q4 | 67 | $399.6M | 8 | ||
| 2016 Q3 | 66 | $376.1M | 5 | ||
| 2016 Q2 | 63 | $373.5M | 5 | ||
| 2016 Q1 | 61 | $360.5M | 10 | ||
| 2015 Q4 | 60 | $330.7M | 6 | ||
| 2015 Q3 | 63 | $343.0M | 7 | ||
| 2015 Q2 | 63 | $362.0M | 3 | ||
| 2015 Q1 | 64 | $365.4M | 9 | ||
| 2014 Q4 | 68 | $349.0M | 9 | ||
| 2014 Q3 | 70 | $331.0M | 11 | ||
| 2014 Q2 | 65 | $335.0M | 7 | ||
| 2014 Q1 | 65 | $318.2M | 7 | ||
| 2013 Q4 | 61 | $301.5M | 9 | ||
| 2013 Q3 | 60 | $282.5M | 5 | ||
| 2013 Q2 | 58 | $275.1M | 0 |
Holding changes this quarter
Phillips Financial Management, LLC's most significant position changes for 2026-09-30: Sold out: Dimensional US High Profi Et (DUHP); Sold out: Dimensional US Real Est ETF (DFAR); Sold out: Dimensional US Small Cap Val (DFSV); New buy: ; Sold out: Exxon Mobil CORP (XOM).
Showing top 200 changes by size (of 301 total)
1–50 of 200
Filing History
FAQ
What is Phillips Financial Management, LLC and what type of investor is it?
Phillips Financial Management, LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-09-30), the firm manages a tracked equity portfolio valued at approximately $1.3B, spread across 282 disclosed positions.
What are Phillips Financial Management, LLC's largest equity positions?
Based on the latest 13F filing, Phillips Financial Management, LLC's top holdings by market value are:
1. Ishares Core S&p 500 ETF (IVV) — $154.0M (11.8%)
2. Dimensional Core Fixed Inc (DFCF) — $119.4M (9.1%)
3. Dimensional International Co (DFIC) — $95.7M (7.3%)
4. Dimensional Short Duration (DFSD) — $93.6M (7.2%)
5. Dim US Large Cap Value ETF (DFLV) — $57.7M (4.4%)
What changes did Phillips Financial Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, Phillips Financial Management, LLC made 167 notable position adjustments: 10 new positions were initiated, 57 existing holdings were added to, 83 positions were partially reduced, and 17 were completely exited. The largest of these moves: Sold out: Dimensional US High Profi Et (DUHP); Sold out: Dimensional US Real Est ETF (DFAR); Sold out: Dimensional US Small Cap Val (DFSV); New buy: ; Sold out: Exxon Mobil CORP (XOM)
What sectors does Phillips Financial Management, LLC focus on?
Phillips Financial Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 36.0%
• Financials: 22.7%
• Communication Services: 9.8%
• Health Care: 7.5%
• Consumer Discretionary: 6.8%
• Industrials: 5.6%
Investment Profile
Phillips Financial Management, LLC returned an annualized 16.3% over the trailing 36 months — outperforming the S&P 500 by 0.9 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.66 (less volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 36.0% of the portfolio concentrated in Information Technology.
It has added to its DFCF position over the past two quarters (+$12.8M, now $119.4M), while trimming AGG over the same stretch (-$8.0M, still holding $10.5M).
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Developer Access
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