Tanglewood Wealth Management, Inc.

CIK

1454308

Location

HOUSTON, TX

Portfolio Value

Small $158,840,891

Diversification

Highly concentrated

Filing Date

Global Rank

#4,933 / 8,517 ▼ 1786

Top Industry

Internet Content & Information 32.5%

3Y Alpha vs SPY

+4.5%

Period ended 46 days ago

Filed Jul 27, 2026 · 19d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+90.2%

SPY

+75.3%

Annualised alpha

+3.3%

Max drawdown

−12.4%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

12 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

37.1%

−12.4 pts

Top 5

98.8%

+0.1 pts

Top 10

99.7%

+0.0 pts

HHI

3,267

Highly concentrated+13

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	98.2%	$155,973,371	5
Technology	0.7%	$1,048,021	2
Communication Services	0.6%	$931,663	1
Industrials	0.2%	$266,225	1
Real Estate	0.1%	$217,210	1
Consumer Cyclical	0.1%	$204,019	1
Healthcare	0.1%	$200,382	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

No qualifying positions this quarter.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
IAU	Ishares Gold Trust	−137,178	780,110	$58,906,106
GLD	Spdr Gold Trust	−16,684	109,503	$40,338,715
QQQ	Invesco Qqq Trust, Series 1	−332	76,145	$56,073,178
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
CAT	Caterpillar Inc	250	$266,225
WELL	Welltower Inc.	957	$217,210
AMZN	Amazon Com Inc	856	$204,019
JNJ	Johnson & Johnson	789	$200,382
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
VEA	Vanguard FTSE Developed Markets ETF	2,913,636	$186,705,794
VIGI	Vanguard International Dividend Appreciation ETF	69,322	$6,132,224
FPAG	FPA Global Equity ETF	47,179	$1,711,654
BRK-B	Berkshire Hathaway Inc	1	$718,140
AKRE	Akre Focus ETF	7,364	$389,187
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

12 tracked positions · $158,840,891 total · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Healthcare Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
IAU	Ishares Gold Trust	Reduced	780,110	-137,178	$58,906,106	−27.2%	37.08%
QQQ	Invesco Qqq Trust, Series 1	Reduced	76,145	-332	$56,073,178	+27.0%	35.30%
GLD	Spdr Gold Trust	Reduced	109,503	-16,684	$40,338,715	−25.7%	25.40%
GOOGL	Alphabet Inc. Communication Services	Held	2,607	0	$931,663	+24.3%	0.59%
AAPL	Apple Inc. Technology	Held	2,160	0	$625,017	+14.0%	0.39%
MSFT	Microsoft Corp Technology	Held	1,134	0	$423,004	+0.8%	0.27%
SPY	Spdr S&P 500 ETF Trust	Held	448	0	$334,552	+14.8%	0.21%
SLV	iShares Silver Trust	Held	6,000	0	$320,820	−21.5%	0.20%
CAT	Caterpillar Inc Industrials	NEW	250	NEW	$266,225	NEW	0.17%
WELL	Welltower Inc. Real Estate	NEW	957	NEW	$217,210	NEW	0.14%
AMZN	Amazon Com Inc Consumer Cyclical	NEW	856	NEW	$204,019	NEW	0.13%
JNJ	Johnson & Johnson Healthcare	NEW	789	NEW	$200,382	NEW	0.13%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.