Managers / Q3 2019 · view latest →
Tanglewood Wealth Management, Inc.
CIK 0001454308 · 1400 POST OAK BLVD, SUITE 800, HOUSTON, TX, 77056 · 713-840-8880
Summary
Tanglewood Wealth Management, Inc. reported $459M in U.S.-listed holdings across 18 positions for Q3 2019.
The portfolio is heavily concentrated: Ishares Tr alone accounts for 24.0% of reported value.
Compared with Q2 2019, the fund opened 4 new positions and exited 0.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 99.8% · $458M
- Common Stock · 0.2% · $752,000
Quarter-over-Quarter Changes full breakdown →
vs Q2 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ISHARES TR | NEW | +606.8K | 606.8K | +$29M | $29M |
| EXMOCEXXON MOBIL CORP | NEW | +4.3K | 4.3K | +$302,000 | $302,000 |
| EBFENNIS INC | NEW | +11.5K | 11.5K | +$232,000 | $232,000 |
| UTXZUNITED TECHNOLOGIES CORP | NEW | +1.6K | 1.6K | +$218,000 | $218,000 |
| ISHARES TR | TRIMMED | −382.9K | 38.3K | −$28M | $3M |
| ISHARES TR | ADDED | +294.7K | 868.1K | +$38M | $110M |
| SPDR INDEX SHS FDS | ADDED | +243.7K | 733.1K | −$323,000 | $18M |
| SCHWAB STRATEGIC TR | HELD | +15.3K | 328.2K | +$1M | $23M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2019
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ISHARES TR | 3 7 YR TREAS BD · RUSSELL 3000 ETF · EAFE VALUE ETF · USA QUALITY FCTR · MIN VOL EAFE ETF · CORE MSCI TOTAL | 41.92% | $192M | 1.89M |
| 2 | VANGUARD INDEX FDS | TOTAL STK MKT · REAL ESTATE ETF | 28.79% | $132M | 993.6K |
| 3 | VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 13.14% | $60M | 1.21M |
| 4 | SCHWAB STRATEGIC TR | US BRD MKT ETF · US REIT ETF · US LRG CAP ETF | 6.61% | $30M | 469.6K |
| 5 | VANGUARD STAR FD | VG TL INTL STK F | 5.47% | $25M | 485.8K |
| 6 | SPDR INDEX SHS FDS | MSCI ACWI EXUS | 3.84% | $18M | 733.1K |
| 7 | SPDR S&P 500 ETF TR | TR UNIT | 0.07% | $302,000 | 1.0K |
| 8 | EXMOCEXXON MOBIL CORP | COM | 0.07% | $302,000 | 4.3K |
| 9 | EBFENNIS INC | COM | 0.05% | $232,000 | 11.5K |
| 10 | UTXZUNITED TECHNOLOGIES CORP | COM | 0.05% | $218,000 | 1.6K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $1.2B | 38 | Apr 21, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $1.1B | 35 | Jan 29, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $1.1B | 39 | Oct 30, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $1.0B | 40 | Jul 21, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $889M | 36 | Apr 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $868M | 34 | Jan 24, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $868M | 36 | Oct 28, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $804M | 30 | Jul 26, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $809M | 33 | May 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $817M | 32 | Feb 8, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $590M | 23 | Oct 31, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $699M | 29 | Aug 4, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $688M | 33 | May 2, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $668M | 32 | Feb 7, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $662M | 29 | Nov 2, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $741M | 30 | Jul 22, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $666M | 30 | May 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $603M | 27 | Feb 2, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $563M | 23 | Nov 10, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $559M | 22 | Aug 2, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $503M | 21 | Apr 29, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $476M | 19 | Feb 5, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $439M | 19 | Oct 16, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $353M | 17 | Aug 7, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $515M | 20 | Apr 24, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $520M | 19 | Feb 4, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $459M | 18 | Nov 12, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $415M | 14 | Jul 26, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $455M | 16 | Apr 24, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $399M | 15 | Feb 7, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.