PHILLIPS FINANCIAL MANAGEMENT, LLC Q4 2025 Filing

Filed January 26, 2026

Portfolio Value

$1.6B

Holdings

307

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (307 positions)

#	Stock	Shares	Value	% Portfolio
1	IVVISHARES TR	252,588	$173.0M	11.15%
2	DFCFDIMENSIONAL ETF TRUST	2,638,266	$112.3M	7.24%
3	DFICDIMENSIONAL ETF TRUST	2,852,088	$98.3M	6.33%
4	DFSDDIMENSIONAL ETF TRUST	1,766,837	$84.7M	5.46%
5	DUHPDIMENSIONAL ETF TRUST	1,346,524	$51.2M	3.30%
6	DFLVDIMENSIONAL ETF TRUST	1,464,846	$50.1M	3.23%
7	IJHISHARES TR	743,837	$49.1M	3.16%
8	DFATDIMENSIONAL ETF TRUST	807,183	$48.1M	3.10%
9	VOOVANGUARD INDEX FDS	68,523	$43.0M	2.77%
10	VXUSVANGUARD STAR FDS	564,285	$42.6M	2.74%
11	IXUSISHARES TR	475,862	$40.3M	2.60%
12	DFEMDIMENSIONAL ETF TRUST	1,211,770	$40.1M	2.58%
13	IVEISHARES TR	176,795	$37.5M	2.42%
14	DFASDIMENSIONAL ETF TRUST	465,214	$32.4M	2.09%
15	BNDXVANGUARD CHARLOTTE FDS	644,205	$31.1M	2.01%
16	DFACDIMENSIONAL ETF TRUST	741,779	$29.4M	1.89%
17	VOVANGUARD INDEX FDS	101,126	$29.3M	1.89%
18	AGGISHARES TR	240,317	$24.0M	1.55%
19	DUSBDIMENSIONAL ETF TRUST	454,478	$23.0M	1.48%
20	USHYISHARES TR	575,158	$21.5M	1.39%
21	LRGFISHARES TR	309,639	$21.5M	1.39%
22	VOOVVANGUARD ADMIRAL FDS INC	97,618	$20.0M	1.29%
23	DFARDIMENSIONAL ETF TRUST	749,757	$17.2M	1.11%
24	BNDVANGUARD BD INDEX FDS	208,298	$15.4M	0.99%
25	VBRVANGUARD INDEX FDS	67,784	$14.4M	0.93%
26	IJSISHARES TR	113,865	$12.9M	0.83%
27	IAGGISHARES TR	222,092	$11.1M	0.72%
28	MGCVANGUARD WORLD FD	43,588	$10.9M	0.71%
29	VCITVANGUARD SCOTTSDALE FDS	120,638	$10.1M	0.65%
30	JPMJPMORGAN CHASE & CO.	30,313	$9.8M	0.63%
31	VNQVANGUARD INDEX FDS	108,458	$9.6M	0.62%
32	SPYSPDR S&P 500 ETF TR	13,953	$9.5M	0.61%
33	DFIVDIMENSIONAL ETF TRUST	188,509	$9.4M	0.61%
34	USRTISHARES TR	164,557	$9.4M	0.60%
35	BIVVANGUARD BD INDEX FDS	117,982	$9.2M	0.59%
36	VTIVANGUARD INDEX FDS	27,388	$9.2M	0.59%
37	INTFISHARES TR	231,887	$8.8M	0.56%
38	VEUVANGUARD INTL EQUITY INDEX F	116,054	$8.5M	0.55%
39	ISTBISHARES TR	171,355	$8.4M	0.54%
40	VTVVANGUARD INDEX FDS	42,642	$8.1M	0.52%
41	BSVVANGUARD BD INDEX FDS	102,506	$8.1M	0.52%
42	MGVVANGUARD WORLD FD	54,125	$7.6M	0.49%
43	SCHXSCHWAB STRATEGIC TR	262,108	$7.1M	0.45%
44	EFAISHARES TR	72,648	$7.0M	0.45%
45	AAPLAPPLE INC	22,792	$6.2M	0.40%
46	MUBISHARES TR	56,907	$6.1M	0.39%
47	DFAXDIMENSIONAL ETF TRUST	181,190	$5.9M	0.38%
48	DFSVDIMENSIONAL ETF TRUST	179,220	$5.9M	0.38%
49	VVVANGUARD INDEX FDS	16,897	$5.3M	0.34%
50	VTIPVANGUARD MALVERN FDS	101,721	$5.0M	0.32%
51	SCHZSCHWAB STRATEGIC TR	196,701	$4.6M	0.30%
52	SUBISHARES TR	42,722	$4.6M	0.29%
53	IJRISHARES TR	37,594	$4.5M	0.29%
54	NVDANVIDIA CORPORATION	23,925	$4.5M	0.29%
55	TIPISHARES TR	38,953	$4.3M	0.28%
56	ICSHISHARES TR	82,364	$4.2M	0.27%
57	IWRISHARES TR	42,768	$4.1M	0.27%
58	MSFTMICROSOFT CORP	8,463	$4.1M	0.26%
59	IWBISHARES TR	10,691	$4.0M	0.26%
60	VIOOVANGUARD ADMIRAL FDS INC	35,743	$4.0M	0.26%
61	IVOOVANGUARD ADMIRAL FDS INC	33,810	$3.8M	0.24%
62	GNRSPDR INDEX SHS FDS	60,518	$3.8M	0.24%
63	LLYELI LILLY & CO	3,183	$3.4M	0.22%
64	AQLTISHARES TR	37,598	$3.4M	0.22%
65	VCSHVANGUARD SCOTTSDALE FDS	41,878	$3.3M	0.22%
66	VBVANGUARD INDEX FDS	12,043	$3.1M	0.20%
67	SMLFISHARES TR	39,717	$3.0M	0.19%
68	SCHASCHWAB STRATEGIC TR	104,437	$3.0M	0.19%
69	SCHPSCHWAB STRATEGIC TR	111,978	$3.0M	0.19%
70	IBDRISHARES TR	117,313	$2.8M	0.18%
71	VMBSVANGUARD SCOTTSDALE FDS	56,748	$2.7M	0.17%
72	GOOGLALPHABET INC	8,331	$2.6M	0.17%
73	ATOATMOS ENERGY CORP	15,166	$2.5M	0.16%
74	ITOTISHARES TR	16,851	$2.5M	0.16%
75	AMZNAMAZON COM INC	10,321	$2.4M	0.15%
76	IGIBISHARES TR	41,786	$2.3M	0.15%
77	VTEBVANGUARD MUN BD FDS	44,512	$2.2M	0.14%
78	GQ9SPDR GOLD TR	5,372	$2.1M	0.14%
79	GOOGALPHABET INC	6,724	$2.1M	0.14%
80	JNKSPDR SERIES TRUST	21,222	$2.1M	0.13%
81	RWRSPDR SERIES TRUST	20,761	$2.0M	0.13%
82	VXFVANGUARD INDEX FDS	9,713	$2.0M	0.13%
83	IBTGISHARES TR	88,291	$2.0M	0.13%
84	SPIPSPDR SERIES TRUST	77,342	$2.0M	0.13%
85	IWDISHARES TR	9,335	$2.0M	0.13%
86	STIPISHARES TR	18,760	$1.9M	0.12%
87	IMTBISHARES TR	41,269	$1.8M	0.12%
88	TSLATESLA INC	4,024	$1.8M	0.12%
89	VOEVANGUARD INDEX FDS	9,942	$1.8M	0.11%
90	VWOVANGUARD INTL EQUITY INDEX F	31,453	$1.7M	0.11%
91	IJJISHARES TR	11,727	$1.5M	0.10%
92	IBMOISHARES TR	59,217	$1.5M	0.10%
93	IBHFISHARES TR	65,436	$1.5M	0.10%
94	DISVDIMENSIONAL ETF TRUST	39,636	$1.5M	0.10%
95	IBMPISHARES TR	56,799	$1.4M	0.09%
96	VUGVANGUARD INDEX FDS	2,865	$1.4M	0.09%
97	IBDSISHARES TR	57,378	$1.4M	0.09%
98	BRK/BBERKSHIRE HATHAWAY INC DEL	2,767	$1.4M	0.09%
99	IAU*ISHARES GOLD TR	16,947	$1.4M	0.09%
100	SPDWSPDR INDEX SHS FDS	30,419	$1.4M	0.09%

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