TW
Tanglewood Wealth Management, Inc. 13F Holdings (44 Positions, Q2 2026)
Tanglewood Wealth Management, Inc.CIK: 0001454308
Long-term holderSector-focusedQuality / disciplined sizing
Total reported value
$1.2B
Reporting period: 2026-06-30 · Number of holdings: 44
Tanglewood Wealth Management, Inc. disclosed 44 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $1.2B and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 44.8
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 79.03
- Diversification
- 88
- Sizing Uniformity
- 79.95
Tanglewood Wealth Management, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.112 — mathematically equivalent to about 9 equally-sized positions, well below its 44 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.00), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 0% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govSold out SHY
Add VTI
+8.8% $48.6M
New buy 19249U609
Sold out QLTY
Add VEA
+1.4% $23.7M
Trim IAU
-15.0% -$22.0M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 20.35% | +4.57% | +8.82% | |
| 2 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 17.90% | +2.44% | +1.38% | |
| 3 | IEI | Ishares 3-7 Year Treasury Bo | ETF-Gov Bonds | 14.44% | -1.25% | -9.49% | |
| 4 | VGIT | Vanguard Intermediate-term T | ETF-Other | 5.15% | -1.17% | -19.87% | |
| 5 | IAU | Ishares Gold Trust | ETF-Commodities | 5.01% | -1.69% | -14.95% | |
| 6 | FRDM | Freedom 100 Emeging Mrkt ETF | ETF-Other | 4.93% | +1.35% | +0.64% | |
| 7 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 4.77% | +1.11% | -0.43% | |
| 8 | FNDX | Schwab Fndmntl US Lrg Co ETF | ETF-Other | 4.55% | +0.62% | +1.00% | |
| 9 | SCHB | Schwab US Broad Market ETF | ETF-Other | 3.89% | +0.70% | +2.78% | |
| 10 | GLD | Spdr Gold Shares | ETF-Commodities | 3.43% | -1.07% | -13.22% | |
| 11 | IWV | Ishares Russell 3000 ETF | ETF-Other | 2.70% | -0.17% | -20.15% | |
| 12 | ✓ | Stock-Other | 2.69% | +2.69% | NEW | ||
| 13 | EFA | Ishares Msci Eafe ETF | ETF-Other | 2.48% | +0.27% | +2.55% | |
| 14 | QUAL | Ishares Msci USA Quality Fac | ETF-Other | 2.24% | +0.32% | -0.62% | |
| 15 | VNQ | Vanguard Real Estate ETF | ETF-Other | 2.08% | +0.42% | +12.74% | |
| 16 | VIGI | Vanguard Int Div App Indx Fd | ETF-Other | 0.55% | +0.04% | -0.67% | |
| 17 | TCAF | T Rowe Prc Cap Appreciation | ETF-Other | 0.52% | +0.09% | +1.63% | |
| 18 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.45% | +0.04% | — | |
| 19 | AVDV | Avantis Intl S/c Value ETF | ETF-Other | 0.21% | +0.10% | +75.57% | |
| 20 | SCHO | Schwab Short-term US Treas | ETF-Other | 0.20% | +0.20% | NEW | |
| 21 | EFG | Ishares Msci Eafe Growth ETF | ETF-Other | 0.18% | +0.01% | -10.94% | |
| 22 | XLK | Ss Technology Select Sector | ETF-Tech | 0.15% | +0.06% | +11.61% | |
| 23 | QQQM | Invesco Nasdaq 100 ETF | ETF-Tech | 0.14% | +0.14% | NEW | |
| 24 | FPAG | Fpa Global Equity ETF New | ETF-Other | 0.14% | — | -13.50% | |
| 25 | FEOE | First Eagle Overseas Eq ETF | ETF-Other | 0.12% | -1.18% | -91.56% | |
| 26 | XLRE | Ss Real Estate Select Sector | ETF-Other | 0.10% | +0.01% | — | |
| 27 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.08% | +0.02% | — | |
| 28 | SCHX | Schwab US Large-cap ETF | ETF-Other | 0.07% | +0.01% | -0.00% | |
| 29 | BRK-A | Berkshire Hathaway Inc-cl A | Stock-Other | 0.06% | — | — | |
| 30 | AAPL | Apple Inc | Stock-Tech | 0.05% | — | — | |
| 31 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 0.04% | +0.04% | NEW | |
| 32 | EFV | Ishares Msci Eafe Value ETF | ETF-Other | 0.04% | — | — | |
| 33 | MSFT | Microsoft CORP | Stock-Tech | 0.04% | +0.01% | — | |
| 34 | AKRE | Akre Focus ETF | ETF-Other | 0.03% | — | — | |
| 35 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.03% | +0.01% | — | |
| 36 | SLV | Ishares Silver Trust | ETF-Commodities | 0.03% | — | — | |
| 37 | IWD | Ishares Russell 1000 Value E | ETF-Other | 0.03% | +0.01% | — | |
| 38 | BND | Vanguard Total Bond Market | ETF-Other | 0.02% | — | — | |
| 39 | CAT | Caterpillar Inc | Stock-Industrials | 0.02% | +0.02% | NEW | |
| 40 | IDV | Ishares International Select | ETF-Other | 0.02% | — | — | |
| 41 | WELL | Welltower Inc | Stock-Real Estate | 0.02% | +0.02% | NEW | |
| 42 | DVY | Ishares Select Dividend ETF | ETF-Other | 0.02% | — | — | |
| 43 | AMZN | Amazon.com Inc | Stock-Consumer Disc | 0.02% | +0.02% | NEW | |
| 44 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.02% | +0.02% | NEW |
Portfolio Performance
Performance for Q3 2026
+1%
Performance Last 4 Quarters
+20.8%
- Stdev
- +9.4%
- Beta
- +0.62
- Alpha
- +4.8%
- Max Drawdown
- -6.5%
- Annualized Perf
- +18.1%
- Batting Avg vs S&P
- +38.9%
- Sortino
- +3.42
- Stutzer
- +0.5
- Treynor
- +0.28
- Sterling
- +1.3
- Calmar
- +2.8
- Information Ratio
- -0.4
- Tracking Error
- +7%
- Stdev Down
- +5%
- Winning Months %
- +75%
- Losing Months %
- +25%
- Best 12 Months
- +28.5%
- Worst 12 Months
- +10.2%
- Efficiency Ratio
- +0.69
- Sharpe
- +1.82
- Stdev Sectors
- +12.7%
- Skewness
- -0.73
- Kurtosis
- +0.64
- Upside Potential
- +4.81
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 44 | $1.2B | 0 | ||
| 2026 Q1 | 38 | $1.2B | 24 | ||
| 2025 Q4 | 35 | $1.1B | 17 | ||
| 2025 Q3 | 39 | $1.1B | 28 | ||
| 2025 Q2 | 40 | $1.0B | 0 | ||
| 2025 Q1 | 36 | $888.9M | 100 | ||
| 2024 Q4 | 34 | $868.0M | 0 | ||
| 2024 Q3 | 36 | $867.9M | 0 | ||
| 2024 Q2 | 30 | $804.3M | 0 | ||
| 2024 Q1 | 33 | $809.2M | 0 | ||
| 2023 Q4 | 32 | $816.8M | 0 | ||
| 2023 Q3 | 23 | $589.6M | 0 | ||
| 2023 Q2 | 29 | $699.4M | 0 | ||
| 2023 Q1 | 33 | $688.5M | 0 | ||
| 2022 Q4 | 32 | $667.6M | 0 | ||
| 2022 Q3 | 29 | $662.5M | 0 | ||
| 2022 Q2 | 30 | $741.4M | 0 | ||
| 2022 Q1 | 30 | $666.1M | 0 | ||
| 2021 Q4 | 27 | $603.1M | 0 | ||
| 2021 Q3 | 23 | $563.3M | 0 | ||
| 2021 Q2 | 22 | $558.7M | 95 | ||
| 2021 Q1 | 21 | $502.7M | 16 | ||
| 2020 Q4 | 19 | $475.6M | 36 | ||
| 2020 Q3 | 19 | $438.6M | 22 | ||
| 2020 Q2 | 17 | $353.4M | 80 | ||
| 2020 Q1 | 20 | $515.5M | 93 | ||
| 2019 Q4 | 19 | $519.8M | 15 | ||
| 2019 Q3 | 18 | $458.6M | 23 | ||
| 2019 Q2 | 14 | $415.0M | 50 | ||
| 2019 Q1 | 16 | $455.0M | 25 | ||
| 2018 Q4 | 15 | $398.5M | 34 | ||
| 2018 Q3 | 10 | $353.7M | 4 | ||
| 2018 Q2 | 9 | $343.5M | 39 | ||
| 2018 Q1 | 11 | $324.0M | 8 | ||
| 2017 Q4 | 10 | $317.9M | 4 | ||
| 2017 Q3 | 10 | $315.0M | 5 | ||
| 2017 Q2 | 10 | $327.2M | 6 | ||
| 2017 Q1 | 10 | $309.4M | 49 | ||
| 2016 Q4 | 13 | $290.3M | 33 | ||
| 2016 Q3 | 12 | $278.0M | 20 | ||
| 2016 Q2 | 11 | $271.2M | 13 | ||
| 2016 Q1 | 12 | $290.6M | 64 | ||
| 2015 Q4 | 10 | $252.4M | 39 | ||
| 2015 Q3 | 9 | $239.3M | 14 | ||
| 2015 Q2 | 9 | $227.6M | 13 | ||
| 2015 Q1 | 8 | $206.9M | 26 | ||
| 2014 Q4 | 6 | $159.4M | 29 | ||
| 2014 Q3 | 5 | $148.2M | 38 | ||
| 2014 Q2 | 5 | $102.8M | 25 | ||
| 2014 Q1 | 6 | $94.4M | 48 | ||
| 2013 Q4 | 6 | $122.2M | 33 | ||
| 2013 Q3 | 5 | $108.7M | 31 | ||
| 2013 Q2 | 7 | $116.3M | 0 |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Holding changes this quarter
Tanglewood Wealth Management, Inc.'s most significant position changes for 2026-06-30: Sold out: Ishares 1-3 Year Treasury Bo (SHY); New buy: ; Sold out: Gmo U.s. Quality ETF (QLTY); New buy: Schwab Short-term US Treas (SCHO); New buy: Invesco Nasdaq 100 ETF (QQQM).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VTI | Vanguard Total Stock Mkt ETF | +4.6% | +8.82% | Add |
| 2 | ✓ | +2.7% | NEW | New buy | |
| 3 | VEA | Vanguard Ftse Developed ETF | +2.4% | +1.38% | Add |
| 4 | FRDM | Freedom 100 Emeging Mrkt ETF | +1.4% | +0.64% | Add |
| 5 | QQQ | Invesco Qqq Trust Series 1 | +1.1% | -0.43% | Trim |
| 6 | SCHB | Schwab US Broad Market ETF | +0.7% | +2.78% | Add |
| 7 | FNDX | Schwab Fndmntl US Lrg Co ETF | +0.6% | +1.00% | Add |
| 8 | VNQ | Vanguard Real Estate ETF | +0.4% | +12.74% | Add |
| 9 | QUAL | Ishares Msci USA Quality Fac | +0.3% | -0.62% | Trim |
| 10 | EFA | Ishares Msci Eafe ETF | +0.3% | +2.55% | Add |
| 11 | SCHO | Schwab Short-term US Treas | +0.2% | NEW | New buy |
| 12 | QQQM | Invesco Nasdaq 100 ETF | +0.1% | NEW | New buy |
| 13 | AVDV | Avantis Intl S/c Value ETF | +0.1% | +75.57% | Add |
| 14 | TCAF | T Rowe Prc Cap Appreciation | +0.1% | +1.63% | Add |
| 15 | XLK | Ss Technology Select Sector | +0.1% | +11.61% | Add |
| 16 | VOO | Vanguard S&p 500 ETF | 0% | NEW | New buy |
| 17 | IEFA | Ishares Core Msci Eafe ETF | 0% | — | Unchanged |
| 18 | VIGI | Vanguard Int Div App Indx Fd | 0% | -0.67% | Trim |
| 19 | CAT | Caterpillar Inc | 0% | NEW | New buy |
| 20 | WELL | Welltower Inc | 0% | NEW | New buy |
| 21 | AMZN | Amazon.com Inc | 0% | NEW | New buy |
| 22 | JNJ | Johnson & Johnson | 0% | NEW | New buy |
| 23 | GOOGL | Alphabet Inc-cl A | 0% | — | Unchanged |
| 24 | SCHX | Schwab US Large-cap ETF | 0% | -0.00% | Trim |
| 25 | XLRE | Ss Real Estate Select Sector | 0% | — | Unchanged |
| 26 | SPY | Ss Spdr S&p 500 ETF Trust-us | 0% | — | Unchanged |
| 27 | IWD | Ishares Russell 1000 Value E | 0% | — | Unchanged |
| 28 | EFG | Ishares Msci Eafe Growth ETF | 0% | -10.94% | Trim |
| 29 | MSFT | Microsoft CORP | 0% | — | Unchanged |
| 30 | SLV | Ishares Silver Trust | — | — | Unchanged |
| 31 | AAPL | Apple Inc | — | — | Unchanged |
| 32 | FPAG | Fpa Global Equity ETF New | — | -13.50% | Trim |
| 33 | BRK-A | Berkshire Hathaway Inc-cl A | — | — | Unchanged |
| 34 | EFV | Ishares Msci Eafe Value ETF | — | — | Unchanged |
| 35 | DVY | Ishares Select Dividend ETF | — | — | Unchanged |
| 36 | IDV | Ishares International Select | — | — | Unchanged |
| 37 | AKRE | Akre Focus ETF | — | — | Unchanged |
| 38 | BND | Vanguard Total Bond Market | — | — | Unchanged |
| 39 | IWV | Ishares Russell 3000 ETF | -0.2% | -20.15% | Trim |
| 40 | GLD | Spdr Gold Shares | -1.1% | -13.22% | Trim |
| 41 | VGIT | Vanguard Intermediate-term T | -1.2% | -19.87% | Trim |
| 42 | FEOE | First Eagle Overseas Eq ETF | -1.2% | -91.56% | Trim |
| 43 | IEI | Ishares 3-7 Year Treasury Bo | -1.3% | -9.49% | Trim |
| 44 | IAU | Ishares Gold Trust | -1.7% | -14.95% | Trim |
| 45 | QLTY | Gmo U.s. Quality ETF | -2.4% | EXIT | Sold out |
| 46 | SHY | Ishares 1-3 Year Treasury Bo | -6.4% | EXIT | Sold out |
Filing History
FAQ
What is Tanglewood Wealth Management, Inc. and what type of investor is it?
Tanglewood Wealth Management, Inc. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $1.2B, spread across 44 disclosed positions.
What are Tanglewood Wealth Management, Inc.'s largest equity positions?
Based on the latest 13F filing, Tanglewood Wealth Management, Inc.'s top holdings by market value are:
1. Vanguard Total Stock Mkt ETF (VTI) — $239.2M (20.4%)
2. Vanguard Ftse Developed ETF (VEA) — $210.5M (17.9%)
3. Ishares 3-7 Year Treasury Bo (IEI) — $169.7M (14.4%)
4. Vanguard Intermediate-term T (VGIT) — $60.5M (5.2%)
5. Ishares Gold Trust (IAU) — $58.9M (5.0%)
What changes did Tanglewood Wealth Management, Inc. make in its most recent portfolio filing?
In the latest reported quarter, Tanglewood Wealth Management, Inc. made 32 notable position adjustments: 8 new positions were initiated, 10 existing holdings were added to, 12 positions were partially reduced, and 2 were completely exited. The largest of these moves: Sold out: Ishares 1-3 Year Treasury Bo (SHY); New buy: ; Sold out: Gmo U.s. Quality ETF (QLTY); New buy: Schwab Short-term US Treas (SCHO); New buy: Invesco Nasdaq 100 ETF (QQQM)
What sectors does Tanglewood Wealth Management, Inc. focus on?
Tanglewood Wealth Management, Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 36.5%
• Communication Services: 32.5%
• Industrials: 9.3%
• Real Estate: 7.6%
• Consumer Discretionary: 7.1%
• Health Care: 7.0%
Investment Profile
Tanglewood Wealth Management, Inc. returned an annualized 18.1% over the trailing 36 months — outperforming the S&P 500 by 4.8 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.62 (less volatile than the market) and a 39% quarterly batting average against the index.
Its portfolio is moderately concentrated and long-term-holding, with 36.5% of the portfolio concentrated in Information Technology.
It has added to its VTI position over the past two quarters (+$50.2M, now $239.2M), while trimming FPAG over the same stretch (-$38.6M, still holding $1.6M).
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Developer Access
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