Phillips Financial Management 13F annual report
Phillips Financial Management is an investment fund managing more than $1.21 trillion ran by Rick Phillips. There are currently 73 companies in Mr. Phillips’s portfolio. The largest investments include Ishares Tr and Vanguard Star Fds, together worth $600 billion.
$1.21 trillion Assets Under Management (AUM)
As of 1st August 2024, Phillips Financial Management’s top holding is 7,272,210 shares of Ishares Tr currently worth over $561 billion and making up 46.3% of the portfolio value.
In addition, the fund holds 652,435 shares of Vanguard Star Fds worth $39.3 billion.
The third-largest holding is Dimensional Etf Trust worth $247 billion and the next is Vanguard Index Fds worth $117 billion, with 575,259 shares owned.
Currently, Phillips Financial Management's portfolio is worth at least $1.21 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Phillips Financial Management
The Phillips Financial Management office and employees reside in Fort Wayne, Indiana. According to the last 13-F report filed with the SEC, Rick Phillips serves as the Managing Member at Phillips Financial Management.
Recent trades
In the most recent 13F filing, Phillips Financial Management revealed that it had opened a new position in
Exxon Mobil and bought 2,312 shares worth $266 million.
This means they effectively own approximately 0.1% of the company.
Exxon Mobil makes up
36.2%
of the fund's Energy sector allocation and has grown its share price by 7.4% in the past year.
The investment fund also strengthened its position in Dimensional Etf Trust by buying
549,705 additional shares.
This makes their stake in Dimensional Etf Trust total 7,233,383 shares worth $247 billion.
On the other hand, there are companies that Phillips Financial Management is getting rid of from its portfolio.
Phillips Financial Management closed its position in Dimensional Etf Trust on 8th August 2024.
It sold the previously owned 14,086 shares for $353 million.
Rick Phillips also disclosed a decreased stake in Ishares Tr by approximately 0.1%.
This leaves the value of the investment at $561 billion and 7,272,210 shares.
One of the largest hedge funds
The two most similar investment funds to Phillips Financial Management are Advocacy Wealth Management Services and Financiere Des Professionnels - Fonds D,investissement Inc. They manage $1.21 trillion and $1.21 trillion respectively.
Rick Phillips investment strategy
Phillips Financial Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 0.6% of
the total portfolio value.
The fund focuses on investments in the United States as
39.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
37% of the total holdings value.
On the other hand, small-cap stocks make up only 2.7% of the portfolio.
The average market cap of the portfolio companies is close to $387 billion.
The complete list of Phillips Financial Management trades based on 13F SEC filings
These positions were updated on August 8th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Ishares Tr |
3.89%
7,272,210
|
$560,665,670,000 | 46.26% |
| Vanguard Star Fds |
0.25%
652,435
|
$39,341,856,000 | 3.25% |
| Dimensional Etf Trust |
8.22%
7,233,383
|
$247,074,417,000 | 20.39% |
| Vanguard Index Fds |
0.34%
575,259
|
$116,577,184,000 | 9.62% |
| Vanguard Charlotte Fds |
2.76%
600,075
|
$29,205,628,000 | 2.41% |
| Vanguard Bd Index Fds |
1.23%
610,892
|
$45,143,071,000 | 3.73% |
| Vanguard Admiral Fds Inc |
7.20%
232,203
|
$31,398,288,000 | 2.59% |
| Vanguard Scottsdale Fds |
1.21%
382,633
|
$28,106,323,000 | 2.32% |
| Vanguard World Fd |
1.89%
116,428
|
$17,825,745,000 | 1.47% |
| Vanguard Intl Equity Index F |
1.26%
215,084
|
$11,932,390,000 | 0.98% |
| Vanguard Malvern Fds |
1.44%
126,810
|
$6,155,379,000 | 0.51% |
| Schwab Strategic Tr |
3.84%
296,675
|
$15,872,206,000 | 1.31% |
| Apple Inc |
5.84%
21,086
|
$4,441,091,000 | 0.37% |
| Spdr Ser Tr |
8.90%
255,842
|
$10,913,140,000 | 0.90% |
| Spdr S&p 500 Etf Tr |
0.56%
7,095
|
$3,861,068,000 | 0.32% |
| Vanguard Mun Bd Fds |
9.02%
65,814
|
$3,297,920,000 | 0.27% |
| Spdr Index Shs Fds |
1.05%
96,104
|
$4,612,624,000 | 0.38% |
| JPMorgan Chase & Co. |
2.08%
15,862
|
$3,208,324,000 | 0.26% |
| Atmos Energy Corp. |
0.08%
25,080
|
$2,925,582,000 | 0.24% |
| Ishares Inc |
15.21%
74,964
|
$3,551,141,000 | 0.29% |
| Microsoft Corporation |
23.85%
5,353
|
$2,392,546,000 | 0.20% |
| NVIDIA Corp |
1,391.77%
13,590
|
$1,678,909,000 | 0.14% |
| Spdr Gold Tr |
0.59%
6,100
|
$1,311,561,000 | 0.11% |
| Amazon.com Inc. |
1.04%
6,432
|
$1,242,984,000 | 0.10% |
| Eli Lilly & Co |
23.42%
1,365
|
$1,236,077,000 | 0.10% |
| Alphabet Inc |
10.56%
10,240
|
$1,870,030,000 | 0.15% |
| Berkshire Hathaway Inc. |
6.16%
2,345
|
$953,946,000 | 0.08% |
| Vanguard Tax-managed Fds |
8.90%
17,766
|
$878,013,000 | 0.07% |
| Ishares Gold Tr |
No change
18,269
|
$802,557,000 | 0.07% |
| Tesla Inc |
15.06%
3,324
|
$657,704,000 | 0.05% |
| Alphatec Holdings Inc |
0.02%
60,553
|
$632,779,000 | 0.05% |
| Franklin Elec Inc |
0.17%
6,547
|
$630,607,000 | 0.05% |
| Abbvie Inc |
3.52%
3,525
|
$604,620,000 | 0.05% |
| Lincoln Natl Corp Ind |
0.08%
18,613
|
$578,869,000 | 0.05% |
| Old Natl Bancorp Ind |
0.32%
28,048
|
$482,145,000 | 0.04% |
| Walmart Inc |
9.12%
7,048
|
$477,222,000 | 0.04% |
| Williams Cos Inc |
2.37%
11,032
|
$468,860,000 | 0.04% |
| Meta Platforms Inc |
54.84%
895
|
$451,283,000 | 0.04% |
| Ishares Silver Tr |
No change
16,841
|
$447,465,000 | 0.04% |
| Visa Inc |
12.92%
1,486
|
$390,035,000 | 0.03% |
| Home Depot, Inc. |
13.25%
1,126
|
$387,454,000 | 0.03% |
| Ishares U S Etf Tr |
25.27%
7,383
|
$371,597,000 | 0.03% |
| Dimensional Etf Trust |
Closed
14,086
|
$352,995,000 | |
| Fair Isaac Corp. |
0.86%
230
|
$342,392,000 | 0.03% |
| HP Inc |
1.18%
9,604
|
$336,332,000 | 0.03% |
| Mastercard Incorporated |
11.26%
741
|
$326,901,000 | 0.03% |
| Lowes Cos Inc |
8.70%
1,260
|
$277,785,000 | 0.02% |
| Abbott Labs |
4.02%
2,640
|
$274,329,000 | 0.02% |
| Elevance Health Inc |
2.69%
497
|
$269,304,000 | 0.02% |
| Broadcom Inc |
1.18%
167
|
$268,124,000 | 0.02% |
| Exxon Mobil Corp. |
Opened
2,312
|
$266,182,000 | 0.02% |
| Johnson & Johnson |
17.81%
1,720
|
$251,414,000 | 0.02% |
| Progressive Corp. |
4.31%
1,187
|
$246,552,000 | 0.02% |
| Coca-Cola Co |
11.11%
3,839
|
$244,352,000 | 0.02% |
| Enterprise Prods Partners L |
No change
8,380
|
$242,852,000 | 0.02% |
| Unitedhealth Group Inc |
16.10%
476
|
$242,408,000 | 0.02% |
| Abrdn Silver Etf Trust |
No change
8,641
|
$240,565,000 | 0.02% |
| Pepsico Inc |
11.23%
1,446
|
$238,489,000 | 0.02% |
| Procter And Gamble Co |
11.22%
1,408
|
$232,223,000 | 0.02% |
| Barclays Bank PLC |
No change
7,208
|
$231,088,000 | 0.02% |
| Adobe Inc |
1.73%
411
|
$228,327,000 | 0.02% |
| Costco Whsl Corp New |
Opened
267
|
$227,123,000 | 0.02% |
| Kroger Co. |
Closed
3,954
|
$225,897,000 | |
| Community Health Sys Inc New |
No change
66,610
|
$223,810,000 | 0.02% |
| Steel Dynamics Inc. |
1.32%
1,686
|
$218,337,000 | 0.02% |
| Netflix Inc. |
Opened
322
|
$217,311,000 | 0.02% |
| Intercontinental Exchange In |
1.66%
1,527
|
$209,031,000 | 0.02% |
| AMGEN Inc. |
Opened
644
|
$201,231,000 | 0.02% |
| Select Sector Spdr Tr |
8.69%
3,701
|
$500,049,000 | 0.04% |
| Ishares Tr |
Opened
5,962
|
$191,437,000 | 0.02% |
| Vanguard World Fd |
Opened
194
|
$28,696,000 | 0.00% |
| Ishares Tr |
Closed
391
|
$20,834,000 | |
| Ishares Inc |
Opened
288
|
$14,066,000 | 0.00% |
| Spdr Ser Tr |
Opened
95
|
$9,603,000 | 0.00% |
| Spdr Ser Tr |
Closed
69
|
$3,318,000 | |
| Dimensional Etf Trust |
Opened
21
|
$543,000 | 0.00% |
| Schwab Strategic Tr |
No change
0
|
$0 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 77 holdings | |||
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