Fi3 FINANCIAL ADVISORS, LLC

RIA/Wealth

Fi3 FINANCIAL ADVISORS, LLC is a RIA/Wealth based in Indianapolis, IN led by Ivan Douglas Hoffman, reporting $928.4M in AUM as of Q3 2025 with 64% ETF concentration, 66% concentrated in top 10 holdings, and 16% allocation to IVV.

Managing PartnerIvan Douglas Hoffman

Portfolio Value: $295.8M
Positions: 159
Top Holding: IVV at 15.65%
Last Reported: Q3 2025

Address8900 Keystone Crossing, Suite 225, Indianapolis, IN, 46240, United States

Top Holdings

Largest long holdings in Fi3 FINANCIAL ADVISORS, LLC's portfolio (65.8% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 iShares Core S&P 500 ETF IVV	ETF ETF	$46.3M	15.65%	-$2.0M Sold	— 69.2K shares	Q1 2021 Held for 4y 8m
2 Vanguard FTSE Developed Markets VEA	ETF ETF	$39.9M	13.49%	+$227.0K Bought	— 665.8K shares	Q1 2021 Held for 4y 8m
3 iShares Core S&P Small-Cap ETF IJR	ETF ETF	$35.6M	12.05%	+$788.0K Bought	— 299.9K shares	Q1 2021 Held for 4y 8m
4 SPDR S&P 500 ETF Trust SPY	ETF ETF	$17.5M	5.92%	-$388.1K Sold	— 26.2K shares	Q1 2021 Held for 4y 8m
5 Eli Lilly LLY	Drug Manufacturers - General Healthcare	$11.4M	3.85%	+$149.6K Bought	0.00% 14.9K shares	Q1 2021 Held for 4y 8m
6 Schwab U.S. TIPS SCHP	ETF ETF	$10.1M	3.41%	+$1.1M Bought	— 373.8K shares	Q1 2023 Held for 2y 8m
7 Apple AAPL	Consumer Electronics Technology	$9.7M	3.27%	-$698.2K Sold	0.00% 38.0K shares	Q1 2021 Held for 4y 8m
8 Vanguard Total Stock Market VTI	ETF ETF	$8.9M	3.02%	+$522.6K Bought	— 27.2K shares	Q1 2021 Held for 4y 8m
9 Vanguard Small-Cap ETF VB	ETF ETF	$8.2M	2.77%	-$221.2K Sold	— 32.1K shares	Q1 2021 Held for 4y 8m
10 Hillenbrand HI	Industrial - Machinery Industrials	$7.0M	2.37%	-$1.4K Sold	0.37% 258.7K shares	Q1 2021 Held for 4y 8m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Fi3 FINANCIAL ADVISORS, LLC's latest filing

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Market Value

$295.8M

Prior: $277.3M

Q/Q Change

+6.65%

+$18.4M

Net Flows % of MV

-1.37%

Turnover Ratio

4.01%

New Purchases

14 stocks

$3.5M

Added To

66 stocks

+$6.1M

Sold Out Of

24 stocks

$6.7M

Reduced Holdings

66 stocks

-$7.0M

Increased Positions

Position	Shares Δ	Change
1 Vertiv Holdings Co VRT	New	0 → 3.4K +$512.6K
2 Lam Research LRCX	New	0 → 2.1K +$277.4K
3 Alnylam Pharmaceuticals ALNY	New	0 → 541.0 +$246.7K
4 Tapestry, Inc. TPR	New	0 → 2.1K +$241.5K
5 Applovin Corporation APP	New	0 → 325.0 +$233.5K

Decreased Positions

Position	Shares Δ	Change
1 iShares Core U.S. Aggregate Bond AGG	Sold	7.5K → 0 −$741.1K
2 Vanguard Growth VUG	Sold	1.1K → 0 −$478.2K
3 SPDR Dow Jones Global Real Estate ETF RWO	Sold	7.8K → 0 −$343.7K
4 Palo Alto Networks, Inc. PANW	Sold	1.6K → 0 −$330.3K
5 Fortinet FTNT	Sold	3.1K → 0 −$328.0K