Tanglewood Wealth Management, Inc.
Sector Allocation
- Other89.1%$1.1B
- Financials10.2%$122.4M
- Technology0.7%$8.4M
- Consumer Discretionary0.0%$233,204
- Healthcare0.0%$208,880
- Industrials0.0%$202,698
AUM History
13fpro.ai/research/fund/tanglewood-wealth-management-inc-1454308
Conviction and streaks
Diversifying · top 10 = 78.1%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q3 2026
- VANGUARD$237.9M
- VANGUARD$210.7M
- VANGUARD$129.3M
IAU
$62.0MQQQ
$55.5M- SCHWAB$54.7M
- PIMCO$50.9M
- FREEDOM$50.1M
- SCHWAB$48.7M
- SPDR$41.4M
GLD
$41.0M- VANGUARD$31.2M
- ISHARES$29.2M
- ISHARES$26.5M
- ISHARES$24.5M
- SCHWAB$23.9M
STT
$16.0M- ISHARES$14.2M
- ISHARES$10.1M
- ISHARES$9.5M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/tanglewood-wealth-management-inc-1454308
Tanglewood Wealth Management, Inc. 13F holdings — Q3 2026
$1.2B portfolio (+2.5% QoQ) · 48 holdings · Q3 2026 13F · top 10 are 78% of the stock portfolio
- 1
VANGUARD TOTAL STOCK MARKET ETF - TOTAL STK MKT
$237.9M
19.8% of stocks
-2%This quarter—Since filed—HeldAIQuality—Est. buy— - 2
VANGUARD FTSE DEVELOPED MARKETS ETF - FTSE DEV MKT ETF
$210.7M
17.5% of stocks
+1%This quarter—Since filed—HeldAIQuality—Est. buy— - 3
VANGUARD INTERMEDIATE-TERM TREASURY ETF - INTER TERM TREAS
$129.3M
10.7% of stocks
+122%This quarter—Since filed—HeldAIQuality—Est. buy— $62.0M
5.2% of stocks
+2%This quarter+0.4%Since filed11+ qtrsHeld$55.5M
4.6% of stocks
-1%This quarter+1.1%Since filed11+ qtrsHeld- 6
SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF - SCHWAB FDT US LG
$54.7M
4.5% of stocks
+1%This quarter—Since filed—HeldAIQuality—Est. buy— - 7
PIMCO ETF TR - MULTISECTOR BD
$50.9M
4.2% of stocks
NewThis quarter—Since filedNew this quarterHeldAIQuality—Est. buy— - 8
FREEDOM 100 EMERGING MARKETS ETF - FREEDOM 100 EM
$50.1M
4.2% of stocks
-10%This quarter—Since filed—HeldAIQuality—Est. buy— - 9
SCHWAB U.S. BROAD MARKET ETF - US BRD MKT ETF
$48.7M
4.0% of stocks
+5%This quarter—Since filed—HeldAIQuality—Est. buy— - 10
SPDR SERIES TRUST - ST STR P500ETF
$41.4M
3.4% of stocks
NewThis quarter—Since filedNew this quarterHeldAIQuality—Est. buy—
| # | Company | Value | Weight | This quarter | Since filed | Held | AI quality | Est. buy | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | VANGUARD TOTAL STOCK MARKET ETF - TOTAL STK MKT | $237.9M | 19.8% | -2% | — | — | — | — | |
| 2 | VANGUARD FTSE DEVELOPED MARKETS ETF - FTSE DEV MKT ETF | $210.7M | 17.5% | +1% | — | — | — | — | |
| 3 | VANGUARD INTERMEDIATE-TERM TREASURY ETF - INTER TERM TREAS | $129.3M | 10.7% | +122% | — | — | — | — | |
| 4 | $62.0M | 5.2% | +2% | +0.4% | 11+ qtrs | — | Estimated buy price is Pro: unlock with a free trial | ||
| 5 | $55.5M | 4.6% | -1% | +1.1% | 11+ qtrs | — | Estimated buy price is Pro: unlock with a free trial | ||
| 6 | SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF - SCHWAB FDT US LG | $54.7M | 4.5% | +1% | — | — | — | — | |
| 7 | PIMCO ETF TR - MULTISECTOR BD | $50.9M | 4.2% | New | — | New this quarter | — | — | |
| 8 | FREEDOM 100 EMERGING MARKETS ETF - FREEDOM 100 EM | $50.1M | 4.2% | -10% | — | — | — | — | |
| 9 | SCHWAB U.S. BROAD MARKET ETF - US BRD MKT ETF | $48.7M | 4.0% | +5% | — | — | — | — | |
| 10 | SPDR SERIES TRUST - ST STR P500ETF | $41.4M | 3.4% | New | — | New this quarter | — | — |
All holdings — Tanglewood Wealth Management, Inc. (Q3 2026)
48 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | SPDR GOLD TRUSTetf/fund | Financials | $41.0M | 3.4% | 108K | -2% | 11+ qtrsTrimmed 4 qtrs in a row | — | 13F | |
| 12 | — | VANGUARD REAL ESTATE ETF - REAL ESTATE ETFetf/fund | — | $31.2M | 2.6% | 348K | +37% | — | — | 13F |
| 13 | — | ISHARES MSCI EAFE ETF - MSCI EAFE ETFetf/fund | — | $29.2M | 2.4% | 281K | — | — | — | 13F |
| 14 | — | ISHARES MSCI USA QUALITY FACTOR ETF - MSCI USA QLT FCTetf/fund | — | $26.5M | 2.2% | 119K | -0.6% | — | — | 13F |
| 15 | — | ISHARES RUSSELL 3000 ETF - RUSSELL 3000 ETFetf/fund | — | $24.5M | 2.0% | 57K | -24% | — | — | 13F |
| 16 | — | SCHWAB STRATEGIC TR - FUNDAMENTAL INTL | — | $23.9M | 2.0% | 444K | New | — | — | 13F |
| 17 | STATE STREET CORPetf/fund | Financials | $16.0M | 1.3% | 390K | +1309% | 3 qtrs | 71.5 | 13F | |
| 18 | — | ISHARES TR - CORE S&P500 ETFetf/fund | — | $14.2M | 1.2% | 19K | New | — | — | 13F |
| 19 | — | ISHARES TR - CORE US AGGBD ETetf/fund | — | $10.1M | 0.8% | 107K | New | — | — | 13F |
| 20 | — | ISHARES 3-7 YEAR TREASURY BOND ETF - 3 7 YR TREAS BDnote | — | $9.5M | 0.8% | 84K | -94% | — | — | 13F |
| 21 | — | VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETF - INTL DVD ETFetf/fund | — | $6.5M | 0.5% | 69K | -0.0% | — | — | 13F |
| 22 | Booz Allen Hamilton Holding Corpetf/fund | Technology | $6.0M | 0.5% | 143K | -4% | 11+ qtrs | 54.6 | 13F | |
| 23 | — | ISHARES CORE MSCI EAFE ETF - CORE MSCI EAFEetf/fund | — | $5.2M | 0.4% | 54K | -0.5% | — | — | 13F |
| 24 | Invesco Ltd.etf/fund | Financials | $2.3M | 0.2% | 7,688 | +38% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | — | ISHARES MSCI EAFE GROWTH ETF - EAFE GRWTH ETFetf/fund | — | $2.0M | 0.2% | 16K | -3% | — | — | 13F |
| 26 | — | FPA GLOBAL EQUITY ETF - FPA GBL EQTY ETF | — | $1.7M | 0.1% | 41K | — | |||
| 27 | — | STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF - TECHNOLOGY | — | $1.7M | 0.1% | 8,484 | -6% | |||
| 28 | — | SCHWAB STRATEGIC TR - SHT TM US TRES | — | $1.6M | 0.1% | 66K | -32% | |||
| 29 | — | FIRST EAGLE OVERSEAS EQUITY ETF - FIRST EAGLE OVER | — | $1.3M | 0.1% | 24K | -7% | |||
| 30 | $GOOGL | Alphabet Inc. | Technology | $929K | 0.1% | 2,699 | +4% | |||
| 31 | — | SCHWAB U.S. LARGE-CAP ETF - US LRG CAP ETF | — | $877K | 0.1% | 29K | +0.0% | |||
| 32 | $AAPL | Apple Inc. | Technology | $761K | 0.1% | 2,284 | +6% | |||
| 33 | $BRK.A | BERKSHIRE HATHAWAY INC | Financials | $747K | 0.1% | 1 | — | |||
| 34 | $SPY | SPDR S&P 500 ETF TRUST | — | $670K | 0.1% | 878 | +96% | |||
| 35 | $MSFT | MICROSOFT CORP | Technology | $669K | 0.1% | 1,304 | +15% | |||
| 36 | — | VANGUARD INDEX FDS - S&P 500 ETF SHS | — | $609K | 0.1% | 868 | +23% | |||
| 37 | $MDY | SPDR S&P MIDCAP 400 ETF TRUST | — | $534K | 0.0% | 813 | New | |||
| 38 | — | ISHARES MSCI EAFE VALUE ETF - EAFE VALUE ETF | — | $473K | 0.0% | 5,972 | — | |||
| 39 | $SLV | iShares Silver Trust | Financials | $327K | 0.0% | 6,000 | — | |||
| 40 | — | ISHARES RUSSELL 1000 VALUE ETF - RUS 1000 VAL ETF | — | $326K | 0.0% | 1,313 | — | |||
| 41 | — | AKRE FOCUS ETF - AKRE FOCUS ETF | — | $289K | 0.0% | 5,487 | -25% | |||
| 42 | — | VANGUARD TOTAL BOND MARKET ETF - TOTAL BND MRKT | — | $259K | 0.0% | 3,695 | — | |||
| 43 | — | ISHARES TR - RUS 1000 ETF | — | $239K | 0.0% | 574 | New | |||
| 44 | — | ISHARES INTERNATIONAL SELECT DIVIDEND ETF - INTL SEL DIV ETF | — | $234K | 0.0% | 5,550 | — | |||
| 45 | $AMZN | AMAZON COM INC | Consumer Discretionary | $233K | 0.0% | 936 | +9% | |||
| 46 | $JNJ | JOHNSON & JOHNSON | Healthcare | $209K | 0.0% | 789 | — | |||
| 47 | — | ISHARES SELECT DIVIDEND ETF - SELECT DIVID ETF | — | $205K | 0.0% | 1,347 | — | |||
| 48 | $CAT | CATERPILLAR INC | Industrials | $203K | 0.0% | 250 | — |
What changed in Q3 2026
Against the previous quarter's 13F: 7 new, 15 added to, 15 trimmed, 3 sold out. Share-count changes; largest moves by dollar size first.
New positions (7)
- PIMCO ETF TR - MULTISECTOR BD$50.9M
first bought this quarter
- SPDR SERIES TRUST - ST STR P500ETF$41.4M
first bought this quarter
- SCHWAB STRATEGIC TR - FUNDAMENTAL INTL$23.9M
first bought this quarter
- ISHARES TR - CORE S&P500 ETF$14.2M
first bought this quarter
- ISHARES TR - CORE US AGGBD ET$10.1M
first bought this quarter
$MDYSPDR S&P MIDCAP 400 ETF TRUST$534K
first bought this quarter
+1 more in the Excel export
Added to (15)
- VANGUARD INTERMEDIATE-TERM TREASURY ETF - INTER TERM TREAS+122%
now $129.3M
now $16.0M · held 3 qtrs
- VANGUARD REAL ESTATE ETF - REAL ESTATE ETF+37%
now $31.2M
- SCHWAB U.S. BROAD MARKET ETF - US BRD MKT ETF+5%
now $48.7M
- VANGUARD FTSE DEVELOPED MARKETS ETF - FTSE DEV MKT ETF+1%
now $210.7M
now $62.0M · held 11+ qtrs
+9 more in the Excel export
Trimmed (15)
- ISHARES 3-7 YEAR TREASURY BOND ETF - 3 7 YR TREAS BD-94%
now $9.5M
- ISHARES RUSSELL 3000 ETF - RUSSELL 3000 ETF-24%
now $24.5M
- FREEDOM 100 EMERGING MARKETS ETF - FREEDOM 100 EM-10%
now $50.1M
- VANGUARD TOTAL STOCK MARKET ETF - TOTAL STK MKT-2%
now $237.9M
now $55.5M · held 11+ qtrs
- SCHWAB STRATEGIC TR - SHT TM US TRES-32%
now $1.6M
+9 more in the Excel export
Sold out (3)
- COHEN & STEERS ETF TRUST - FUTURE OF ENERGYwas $31.6M
- AVANTIS INTERNATIONAL SMALL CAP VALUE ETF - INTL SMCP VLUwas $2.5M
$WELLWELLTOWER INC.was $217K
held 1 qtr
Holdings by quarter
Every 13F Tanglewood Wealth Management, Inc. has filed, 42 earlier quarters. Pick one to see what it held then.
Is it too late to follow Tanglewood Wealth Management?
Q3 2026 13F filed with the SEC on Oct 23, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Tanglewood Wealth Management's top 20 holdings: 68/100 (our AI quality score, weighted by position size; 9 of the 20 are scored)
Top 10 since filing
+0.9%
Value-weighted move of the 10 largest stock positions
Turnover
18%
Last quarter; 38% over the last 4
Top 10 weight
78%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
90%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Tanglewood Wealth Management, Inc. disclosed 48 positions worth $1.2B in its Form 13F-HR for Q3 2026. During the quarter the fund opened 7 new positions and exited 3. The portfolio is most concentrated in Other (89.1% of disclosed assets). All figures are sourced directly from Tanglewood Wealth Management, Inc.’s Form 13F-HR filing with the SEC under CIK 1454308.
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