Tanglewood Wealth Management, Inc.

Portfolio Overview

Tanglewood Wealth Management, Inc. disclosed 44 positions worth $1.2B in its Form 13F-HR for Q2 2026. During the quarter the fund opened 8 new positions and exited 2. The portfolio is most concentrated in Other (90.5% 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 - TOTAL STK MKT

  —

  Quality

  $239.2M646,444 sh

• VANGUARD FTSE DEVELOPED MARKETS ETF - FTSE DEV MKT ETF

  —

  Quality

  $210.5M2,953,730 sh

• ISHARES 3-7 YEAR TREASURY BOND ETF - 3 7 YR TREAS BD

  —

  Quality

  $169.7M1,445,259 sh

• VANGUARD INTERMEDIATE-TERM TREASURY ETF - INTER TERM TREAS

  —

  Quality

  $60.5M1,026,225 sh
• 

  ISHARES GOLD TRUST

  $IAU

  —

  Quality

  $58.9M780,110 sh

• FREEDOM 100 EMERGING MARKETS ETF - FREEDOM 100 EM

  —

  Quality

  $58.0M795,880 sh
• 

  INVESCO QQQ TRUST, SERIES 1

  $QQQ

  —

  Quality

  $56.1M76,145 sh

• SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF - SCHWAB FDT US LG

  —

  Quality

  $53.5M1,719,646 sh

• SCHWAB U.S. BROAD MARKET ETF - US BRD MKT ETF

  —

  Quality

  $45.7M1,577,486 sh
• 

  SPDR GOLD TRUST

  $GLD

  —

  Quality

  $40.3M109,503 sh

Company	Quality	Value	Shares
VANGUARD TOTAL STOCK MARKET ETF - TOTAL STK MKT	—	$239.2M	646,444
VANGUARD FTSE DEVELOPED MARKETS ETF - FTSE DEV MKT ETF	—	$210.5M	2,953,730
ISHARES 3-7 YEAR TREASURY BOND ETF - 3 7 YR TREAS BD	—	$169.7M	1,445,259
VANGUARD INTERMEDIATE-TERM TREASURY ETF - INTER TERM TREAS	—	$60.5M	1,026,225
ISHARES GOLD TRUST$IAU	—	$58.9M	780,110
FREEDOM 100 EMERGING MARKETS ETF - FREEDOM 100 EM	—	$58.0M	795,880
INVESCO QQQ TRUST, SERIES 1$QQQ	—	$56.1M	76,145
SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF - SCHWAB FDT US LG	—	$53.5M	1,719,646
SCHWAB U.S. BROAD MARKET ETF - US BRD MKT ETF	—	$45.7M	1,577,486
SPDR GOLD TRUST$GLD	—	$40.3M	109,503

Showing top 10 of 44 holdings.

Full Holdings — Tanglewood Wealth Management, Inc. (Q2 2026)

All 44 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 - TOTAL STK MKT	$239.2M	20.4%	+9%	—
2	—	VANGUARD FTSE DEVELOPED MARKETS ETF - FTSE DEV MKT ETF	$210.5M	17.9%	+1%	—
3	—	ISHARES 3-7 YEAR TREASURY BOND ETF - 3 7 YR TREAS BD	$169.7M	14.4%	-9%	—
4	—	VANGUARD INTERMEDIATE-TERM TREASURY ETF - INTER TERM TREAS	$60.5M	5.2%	-20%	—
5	$IAU	ISHARES GOLD TRUST	$58.9M	5.0%	-15%	—
6	—	FREEDOM 100 EMERGING MARKETS ETF - FREEDOM 100 EM	$58.0M	4.9%	+1%	—
7	$QQQ	INVESCO QQQ TRUST, SERIES 1	$56.1M	4.8%	-0%	—
8	—	SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF - SCHWAB FDT US LG	$53.5M	4.5%	+1%	—
9	—	SCHWAB U.S. BROAD MARKET ETF - US BRD MKT ETF	$45.7M	3.9%	+3%	—
10	$GLD	SPDR GOLD TRUST	$40.3M	3.4%	-13%	—
11	—	ISHARES RUSSELL 3000 ETF - RUSSELL 3000 ETF	$31.8M	2.7%	-20%	—
12	—	COHEN & STEERS ETF TRUST - FUTURE OF ENERGY	$31.6M	2.7%	NEW	—
13	—	ISHARES MSCI EAFE ETF - MSCI EAFE ETF	$29.2M	2.5%	+3%	—
14	—	ISHARES MSCI USA QUALITY FACTOR ETF - MSCI USA QLT FCT	$26.4M	2.2%	-1%	—
15	—	VANGUARD REAL ESTATE ETF - REAL ESTATE ETF	$24.5M	2.1%	+13%	—
16	—	VANGUARD INTERNATIONAL DIVIDEND APPRECIATION ETF - INTL DVD ETF	$6.4M	0.6%	-1%	—
17	$BAH	Booz Allen Hamilton Holding Corp	$6.1M	0.5%	+2%	58
18	—	ISHARES CORE MSCI EAFE ETF - CORE MSCI EAFE	$5.2M	0.5%	+0%	—
19	—	AVANTIS INTERNATIONAL SMALL CAP VALUE ETF - INTL SMCP VLU	$2.5M	0.2%	+76%	—
20	—	SCHWAB STRATEGIC TR - SHT TM US TRES	$2.4M	0.2%	NEW	—
21	—	ISHARES MSCI EAFE GROWTH ETF - EAFE GRWTH ETF	$2.1M	0.2%	-11%	—
22	—	STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF - TECHNOLOGY	$1.7M	0.1%	+12%	—
23	$IVZ	Invesco Ltd.	$1.7M	0.1%	NEW	—
24	—	FPA GLOBAL EQUITY ETF - FPA GBL EQTY ETF	$1.6M	0.1%	-14%	—
25	—	FIRST EAGLE OVERSEAS EQUITY ETF - FIRST EAGLE OVER	$1.4M	0.1%	-92%	—
26	$STT	STATE STREET CORP	$1.2M	0.1%	+0%	71.5
27	$GOOG	Alphabet Inc.	$931,664	0.1%	+0%	78.2
28	—	SCHWAB U.S. LARGE-CAP ETF - US LRG CAP ETF	$860,826	0.1%	-0%	—
29	$BRK.A	BERKSHIRE HATHAWAY INC	$748,850	0.1%	+0%	73.8
30	$AAPL	Apple Inc.	$625,018	0.1%	+0%	76.4
31	—	VANGUARD INDEX FDS - S&P 500 ETF SHS	$482,827	0.0%	NEW	—
32	—	ISHARES MSCI EAFE VALUE ETF - EAFE VALUE ETF	$457,157	0.0%	+0%	—
33	$MSFT	MICROSOFT CORP	$423,005	0.0%	+0%	79.8
34	—	AKRE FOCUS ETF - AKRE FOCUS ETF	$391,691	0.0%	+0%	—
35	$SPY	SPDR S&P 500 ETF TRUST	$334,553	0.0%	+0%	—
36	$SLV	iShares Silver Trust	$320,820	0.0%	+0%	—
37	—	ISHARES RUSSELL 1000 VALUE ETF - RUS 1000 VAL ETF	$318,311	0.0%	+0%	—
38	—	VANGUARD TOTAL BOND MARKET ETF - TOTAL BND MRKT	$271,250	0.0%	+0%	—
39	$CAT	CATERPILLAR INC	$266,225	0.0%	NEW	66.5
40	—	ISHARES INTERNATIONAL SELECT DIVIDEND ETF - INTL SEL DIV ETF	$229,937	0.0%	+0%	—
41	$WELL	WELLTOWER INC.	$217,210	0.0%	NEW	59.8
42	—	ISHARES SELECT DIVIDEND ETF - SELECT DIVID ETF	$210,536	0.0%	+0%	—
43	$AMZN	AMAZON COM INC	$204,019	0.0%	NEW	68.7
44	$JNJ	JOHNSON & JOHNSON	$200,382	0.0%	NEW	69