Tanglewood Wealth Management, Inc.

Portfolio Overview

Tanglewood Wealth Management, Inc. disclosed 38 positions worth $1.2B in its Form 13F-HR for Q1 2026. During the quarter the fund opened 5 new positions and exited 2. The portfolio is most concentrated in Other (88.0% of disclosed assets). All figures are sourced directly from Tanglewood Wealth Management, Inc.’s Form 13F-HR filing with the SEC under CIK 1454308.

• VANGUARD TOTAL STOCK MARKET ETF

  —

  Quality

  $190.6M594,030 sh

• ISHARES 3-7 YEAR TREASURY BOND ETF

  —

  Quality

  $189.4M1,596,822 sh

• VANGUARD FTSE DEVELOPED MARKETS ETF

  —

  Quality

  $186.7M2,913,636 sh
• 

  ISHARES GOLD TRUST

  $IAU

  —

  Quality

  $80.9M917,288 sh

• ISHARES 1-3 YEAR TREASURY BOND ETF

  —

  Quality

  $77.0M932,323 sh

• VANGUARD INTERMEDIATE-TERM TREASURY ETF

  —

  Quality

  $76.3M1,280,740 sh
• 

  SPDR GOLD TRUST

  $GLD

  —

  Quality

  $54.3M126,187 sh

• SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF

  —

  Quality

  $47.4M1,702,554 sh
• 

  INVESCO QQQ TRUST, SERIES 1

  $QQQ

  —

  Quality

  $44.1M76,477 sh

• FREEDOM 100 EMERGING MARKETS ETF

  —

  Quality

  $43.2M790,796 sh

Company	Quality	Value	Shares
VANGUARD TOTAL STOCK MARKET ETF	—	$190.6M	594,030
ISHARES 3-7 YEAR TREASURY BOND ETF	—	$189.4M	1,596,822
VANGUARD FTSE DEVELOPED MARKETS ETF	—	$186.7M	2,913,636
ISHARES GOLD TRUST$IAU	—	$80.9M	917,288
ISHARES 1-3 YEAR TREASURY BOND ETF	—	$77.0M	932,323
VANGUARD INTERMEDIATE-TERM TREASURY ETF	—	$76.3M	1,280,740
SPDR GOLD TRUST$GLD	—	$54.3M	126,187
SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF	—	$47.4M	1,702,554
INVESCO QQQ TRUST, SERIES 1$QQQ	—	$44.1M	76,477
FREEDOM 100 EMERGING MARKETS ETF	—	$43.2M	790,796

Showing top 10 of 38 holdings.

Full Holdings — Tanglewood Wealth Management, Inc. (Q1 2026)

All 38 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	—	VANGUARD TOTAL STOCK MARKET ETF	$190.6M	15.8%	+5%	—
2	—	ISHARES 3-7 YEAR TREASURY BOND ETF	$189.4M	15.7%	+8%	—
3	—	VANGUARD FTSE DEVELOPED MARKETS ETF	$186.7M	15.5%	-0%	—
4	$IAU	ISHARES GOLD TRUST	$80.9M	6.7%	-12%	—
5	—	ISHARES 1-3 YEAR TREASURY BOND ETF	$77.0M	6.4%	NEW	—
6	—	VANGUARD INTERMEDIATE-TERM TREASURY ETF	$76.3M	6.3%	-9%	—
7	$GLD	SPDR GOLD TRUST	$54.3M	4.5%	-12%	—
8	—	SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF	$47.4M	3.9%	+29%	—
9	$QQQ	INVESCO QQQ TRUST, SERIES 1	$44.1M	3.7%	+6%	—
10	—	FREEDOM 100 EMERGING MARKETS ETF	$43.2M	3.6%	-30%	—
11	—	SCHWAB U.S. BROAD MARKET ETF	$38.5M	3.2%	+91%	—
12	—	ISHARES RUSSELL 3000 ETF	$34.6M	2.9%	+25%	—
13	—	GMO ETF TRUST	$29.5M	2.4%	NEW	—
14	—	ISHARES MSCI EAFE ETF	$26.6M	2.2%	-3%	—
15	—	ISHARES MSCI USA QUALITY FACTOR ETF	$23.2M	1.9%	-1%	—
16	—	VANGUARD REAL ESTATE ETF	$20.0M	1.7%	+5539%	—
17	—	FIRST EAGLE OVERSEAS EQUITY ETF	$15.7M	1.3%	+655%	—
18	—	VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETF	$6.1M	0.5%	-12%	—
19	$BAH	Booz Allen Hamilton Holding Corp	$5.2M	0.4%	+5%	65.5
20	—	ISHARES CORE MSCI EAFE ETF	$4.9M	0.4%	-3%	—
21	—	ISHARES MSCI EAFE GROWTH ETF	$2.1M	0.2%	-7%	—
22	—	FPA GLOBAL EQUITY ETF	$1.7M	0.1%	-96%	—
23	—	AMERICAN CENTY ETF TR	$1.4M	0.1%	NEW	—
24	$STT	STATE STREET CORP	$1.1M	0.1%	NEW	61.5
25	—	STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF	$1.1M	0.1%	-5%	—
26	—	SCHWAB U.S. LARGE-CAP ETF	$749,969	0.1%	+0%	—
27	$GOOG	Alphabet Inc.	$749,669	0.1%	-23%	80.2
28	$BRK.A	BERKSHIRE HATHAWAY INC	$718,140	0.1%	+0%	64.5
29	$AAPL	Apple Inc.	$548,186	0.1%	-21%	76.1
30	—	ISHARES MSCI EAFE VALUE ETF	$444,018	0.0%	+0%	—
31	$MSFT	MICROSOFT CORP	$419,773	0.0%	-25%	83.7
32	$SLV	iShares Silver Trust	$408,840	0.0%	NEW	—
33	—	PROFESIONALLY MANAGED PORTFO	$389,187	0.0%	-92%	—
34	$SPY	SPDR S&P 500 ETF TRUST	$291,352	0.0%	-75%	—
35	—	ISHARES RUSSELL 1000 VALUE ETF	$280,549	0.0%	+0%	—
36	—	VANGUARD BD INDEX FDS	$272,100	0.0%	+0%	—
37	—	ISHARES INTERNATIONAL SELECT DIVIDEND ETF	$236,208	0.0%	+0%	—
38	—	ISHARES TR	$203,949	0.0%	NEW	—