Tanglewood Wealth Management, Inc.
CIK
1454308
Location
HOUSTON, TX
Portfolio Value
Small
$181,723,926
Diversification
Highly concentrated
Filing Date
Global Rank
#4,084
/ 8,232
▲ 127
Top Industry
Internet Content & Information
43.6%
3Y Alpha vs SPY
+7.5%
Period ended 2 months ago
Filed Apr 21, 2026 · 54d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+112.9%
SPY
+76.3%
Annualised alpha
+7.8%
Max drawdown
−16.7%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
8 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
44.5%
−0.1 pts
Top 5
99.4%
+0.2 pts
Top 10
100.0%
0.0 pts
HHI
3,463
Highly concentrated+23
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 99.1% | $180,006,300 |
| Technology | 0.5% | $967,958 |
| Communication Services | 0.4% | $749,668 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| QQQ | Invesco Qqq Trust, Series 1 | +4,410 | 76,477 | $44,140,994 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
6 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| IAU | Ishares Gold Trust | −124,713 | 917,288 | $80,868,110 | |
| GLD | Spdr Gold Trust | −17,470 | 126,187 | $54,297,004 | |
| SPY | Spdr S&P 500 ETF Trust | −1,336 | 448 | $291,352 | |
| GOOGL | Alphabet Inc. | −765 | 2,607 | $749,668 | |
| AAPL | Apple Inc. | −571 | 2,160 | $548,186 | |
| MSFT | Microsoft Corp | −372 | 1,134 | $419,772 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
1 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SLV | iShares Silver Trust | 6,000 | $408,840 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
8 positions ·
$181,723,926 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| IAU |
Ishares Gold Trust
|
Reduced | 917,288 | $80,868,110 | 44.50% | |
| GLD |
Spdr Gold Trust
|
Reduced | 126,187 | $54,297,004 | 29.88% | |
| QQQ |
Invesco Qqq Trust, Series 1
|
Added | 76,477 | $44,140,994 | 24.29% | |
| GOOGL |
Alphabet Inc.
Communication Services
|
Reduced | 2,607 | $749,668 | 0.41% | |
| AAPL |
Apple Inc.
Technology
|
Reduced | 2,160 | $548,186 | 0.30% | |
| MSFT |
Microsoft Corp
Technology
|
Reduced | 1,134 | $419,772 | 0.23% | |
| SLV |
iShares Silver Trust
|
NEW | 6,000 | $408,840 | 0.22% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Reduced | 448 | $291,352 | 0.16% |