Q3 2026 13F · SEC CIK 1454308

Tanglewood Wealth Management, Inc.

Wealth managerFiled 2026-10-23 for Q3 2026. Open the filing ↗ · All SEC filings ↗

Reported 13F value: $1.2B
Reported positions: 48
Top holdings a year, 3 yrs: +16.0%
Assets under management: $1.6B

Tanglewood Wealth Management, Inc. is a wealth manager that reported 48 positions worth $1.2B in its Q3 2026 13F, filed 2026-10-23. Its largest holdings were Vanguard Index Fds (VTI, 19.8%), Vanguard Ftse Developed Markets Index Fu (VEA, 17.5%), Vanguard Scottsdale Fds (VGIT, 10.7%). A portfolio copying its top holdings returned 16.0% a year over the last 3 years, against 20.4% for the S&P 500.

Tanglewood Wealth Management, Inc. holdings all 48 positions.

Weights are shares of the filer's total reported 13F value, compared with Q2 2026. Share changes may reflect splits; weight changes also reflect price moves. A 13F shows long US-listed positions only, up to 135 days after the fact.

Tanglewood Wealth Management, Inc. 13F holdings
Stock	% of 13F value	Q2 2026	Shares	Share change	Reported value
VTIVanguard Index Fds	19.8%	20.3%	635,779	-1.6%	$237.9M
VEAVanguard Ftse Developed Markets Index Fu	17.5%	17.9%	2,984,492	+1.0%	$210.7M
VGITVanguard Scottsdale Fds	10.7%	5.1%	2,281,247	+122.3%	$129.3M
IAUIshares Gold Tr	5.1%	5.0%	793,653	+1.7%	$62.0M
QQQInvesco Qqq Tr	4.6%	4.8%	75,090	-1.4%	$55.5M
FNDXSchwab Strategic Tr	4.5%	4.5%	1,738,525	+1.1%	$54.7M
PYLDPimco ETF Tr	4.2%	New	2,005,427	—	$50.9M
FRDMEa Series Trust	4.2%	4.9%	716,598	-10.0%	$50.1M
SCHBSchwab Strategic Tr	4.0%	3.9%	1,661,152	+5.3%	$48.7M
SPLGSpdr Series Trust	3.4%	New	460,677	—	$41.4M
GLDSpdr Gold Tr	3.4%	3.4%	107,657	-1.7%	$41.0M
VNQVanguard Index Fds	2.6%	2.1%	348,240	+37.0%	$31.2M
EFAIshares Tr	2.4%	2.5%	281,224	+0.0%	$29.2M
QUALIshares Tr	2.2%	2.2%	119,415	-0.6%	$26.5M
IWVIshares Tr	2.0%	2.7%	56,652	-24.0%	$24.5M
FNDFSchwab Strategic Tr	2.0%	New	444,413	—	$23.9M
XLRESelect Sector Spdr Tr	1.3%	0.1%	390,142	+1309.4%	$16.0M
IVVIshares Tr	1.2%	New	18,569	—	$14.2M
AGGIshares Tr	0.8%	New	107,011	—	$10.1M
IEIIshares Tr	0.8%	14.4%	83,874	-94.2%	$9.5M
VIGIVanguard Whitehall Fds	0.5%	0.5%	68,846	-0.0%	$6.5M
TCAFT Rowe Price Exchange-Traded	0.5%	0.5%	142,859	-4.2%	$6.0M
IEFAIshares Tr	0.4%	0.4%	54,029	-0.5%	$5.2M
QQQMInvesco Exch Traded Fd Tr II	0.2%	0.1%	7,688	+38.4%	$2.3M
EFGIshares Tr	0.2%	0.2%	16,380	-2.6%	$2.0M
FPAGFpa Global Equity ETF	0.1%	0.1%	40,809	+0.0%	$1.7M
XLKSelect Sector Spdr Tr	0.1%	0.1%	8,484	-5.7%	$1.7M
SCHOSchwab Strategic Tr	0.1%	0.2%	66,447	-31.8%	$1.6M
FEOERbb Fund Trust	0.1%	0.1%	24,430	-6.9%	$1.3M
GOOGLAlphabet Inc	0.1%	0.1%	2,699	+3.5%	$929K
SCHXSchwab Strategic Tr	0.1%	0.1%	29,250	+0.0%	$877K
AAPLApple Inc	0.1%	0.1%	2,284	+5.7%	$761K
BRK-ABerkshire Hathaway Inc Del	0.1%	0.1%	1	+0.0%	$747K
SPYState Str Spdr S&p 500 ETF T	0.1%	0.0%	878	+96.0%	$670K
MSFTMicrosoft Corp	0.1%	0.0%	1,304	+15.0%	$669K
VOOVanguard Index Fds	0.1%	0.0%	868	+23.5%	$609K
MDYState Str Spdr S&p Midcap 40	0.0%	New	813	—	$534K
EFVIshares Tr	0.0%	0.0%	5,972	+0.0%	$473K
SLVIshares Silver Tr	0.0%	0.0%	6,000	+0.0%	$327K
IWDIshares Tr	0.0%	0.0%	1,313	+0.0%	$326K
AKREProfesionally Managed Portfo	0.0%	0.0%	5,487	-25.5%	$289K
BNDVanguard Bd Index Fds	0.0%	0.0%	3,695	+0.0%	$259K
IWBIshares Tr	0.0%	New	574	—	$239K
IDVIshares Tr	0.0%	0.0%	5,550	+0.0%	$234K
AMZNAmazon Com Inc	0.0%	0.0%	936	+9.3%	$233K
JNJJohnson & Johnson	0.0%	0.0%	789	+0.0%	$209K
DVYIshares Tr	0.0%	0.0%	1,347	+0.0%	$205K
CATCaterpillar Inc	0.0%	0.0%	250	+0.0%	$203K

What Tanglewood Wealth Management, Inc. bought and sold in Q3 2026, against Q2 2026.

Sold out

Share counts compared with the Q2 2026 13F; a split also changes share counts.

How the holdings did against the S&P 500.

1 year: +18.9% /yr; S&P 500 +20.1%
3 years: +16.0% /yr; S&P 500 +20.4%
5 years: +7.0% /yr; S&P 500 +11.6%

A portfolio of the filer's 20 largest 13F positions, weighted by value, bought the trading day after each 13F was filed and held until the next one was: what copying this filer could have earned. 13Fs show long US-listed positions only, so this is an estimate of the stock picks, not the fund's reported returns.

Reported 13F value by quarter.

13F value by quarter
Quarter	13F value	Positions
Q3 2026	$1.2B	48
Q2 2026	$1.2B	44
Q1 2026	$1.2B	38
Q4 2025	$1.1B	35
Q3 2025	$1.1B	39
Q2 2025	$1.0B	40
Q1 2025	$888.9M	36
Q4 2024	$868.0M	34
Q3 2024	$867.9M	36
Q2 2024	$804.3M	30
Q1 2024	$809.2M	33
Q4 2023	$816.8M	32

Questions about Tanglewood Wealth Management, Inc.'s portfolio

What stocks does Tanglewood Wealth Management, Inc. own?

Tanglewood Wealth Management, Inc.'s latest 13F, for Q3 2026 and filed Oct 23, 2026, lists 48 positions worth $1.2B. The largest are Vanguard Index Fds (VTI) at 19.8%, Vanguard Ftse Developed Markets Index Fu (VEA) at 17.5%, Vanguard Scottsdale Fds (VGIT) at 10.7%, Ishares Gold Tr (IAU) at 5.1% and Invesco Qqq Tr (QQQ) at 4.6%.

What did Tanglewood Wealth Management, Inc. buy last quarter?

In Q3 2026, Tanglewood Wealth Management, Inc. added a new position in Pimco ETF Tr (PYLD), a new position in Spdr Series Trust (SPLG), a new position in Schwab Strategic Tr (FNDF), a new position in Ishares Tr (IVV), a new position in Ishares Tr (AGG), Select Sector Spdr Tr (XLRE) (+1309.4% shares), Vanguard Scottsdale Fds (VGIT) (+122.3% shares) and State Str Spdr S&p 500 ETF T (SPY) (+96.0% shares), compared with its Q2 2026 filing.

What did Tanglewood Wealth Management, Inc. sell last quarter?

In Q3 2026, Tanglewood Wealth Management, Inc. sold all of Cohen & Steers ETF Trust (CSEN), sold all of American Centy ETF Tr (AVDV), sold all of Welltower Inc (WELL), Ishares Tr (IEI) (-94.2% shares), Schwab Strategic Tr (SCHO) (-31.8% shares) and Profesionally Managed Portfo (AKRE) (-25.5% shares), compared with its Q2 2026 filing.

How has Tanglewood Wealth Management, Inc.'s portfolio performed?

A portfolio copying Tanglewood Wealth Management, Inc.'s 20 largest 13F holdings each quarter, from the day each filing was public, returned +16.0% a year over the last 3 years, against +20.4% for the S&P 500. Over 1 year: +18.9% against +20.1%. Over 5 years: +7.0% a year against +11.6%.

When is Tanglewood Wealth Management, Inc.'s next 13F filing due?

13F filings are due 45 days after each quarter ends. Tanglewood Wealth Management, Inc.'s filing for the quarter ending Dec 31, 2026 is due by Feb 14, 2027; this page updates the day after it is published.

How much money does Tanglewood Wealth Management, Inc. manage?

Tanglewood Wealth Management, Inc. reported $1.6B of regulatory assets under management on its latest SEC Form ADV. Its 13F, which covers only US-listed stocks and options, totals $1.2B.