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Tanglewood Wealth Management, Inc.

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13F filer, CIK 1454308, HOUSTON, TX

Tanglewood Wealth Management, Inc. reported $1,014,382,147 across 40 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-07-21. Its ten largest share positions make up 82.55% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001454308-25-000006

Period
2025-06-30
Reported value
$1.01B
Holdings
40
Top 10 weight
82.55%
New
5
Sold out
1

Largest buys vs the previous quarter

SecurityShares changeApprox. value
VGITadded+787,960$47.1M
VEAadded+642,944$36.7M
VTIadded+94,730$28.8M
FRDMadded+362,189$14.6M
SCHBadded+247,300$5.89M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
ACWVreduced-227,403-$27M
VFMVreduced-200,098-$25.7M
IAUreduced-116,816-$7.28M
IWVreduced-14,547-$5.11M
GLDreduced-16,469-$5.02M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001454308-25-000006, largest first. % of portfolio is the value over $1,014,382,147, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
VTIVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 666,472 shares; 2024Q4: 652,748 shares; 2025Q1: 470,705 shares; 2025Q2: 565,435 shares 565,435$172M16.94%+94,730Timeline
VEAVANGUARD TAX-MANAGED FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,653,392 shares; 2024Q4: 1,449,237 shares; 2025Q1: 2,096,680 shares; 2025Q2: 2,739,624 shares 2,739,624$156M15.4%+642,944Timeline
IEIISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,095,189 shares; 2024Q4: 1,454,378 shares; 2025Q1: 1,060,696 shares; 2025Q2: 1,055,521 shares 1,055,521$126M12.39%-5,175Timeline
VGITVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 753,483 shares; 2024Q4: 738,369 shares; 2025Q1: 559,633 shares; 2025Q2: 1,347,593 shares 1,347,593$80.6M7.95%+787,960Timeline
IAUISHARES GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,224,901 shares; 2024Q4: 1,282,274 shares; 2025Q1: 1,272,287 shares; 2025Q2: 1,155,471 shares 1,155,471$72.1M7.1%-116,816Timeline
IEFISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 8,953 shares; 2025Q1: 558,606 shares; 2025Q2: 565,204 shares 565,204$54.1M5.34%+6,598Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 187,268 shares; 2024Q4: 186,676 shares; 2025Q1: 183,188 shares; 2025Q2: 166,719 shares 166,719$50.8M5.01%-16,469Timeline
FRDMEA SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 881,196 shares; 2024Q4: 577,744 shares; 2025Q1: 745,583 shares; 2025Q2: 1,107,772 shares 1,107,772$44.8M4.41%+362,189Timeline
QQQINVESCO QQQ TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,503 shares; 2024Q4: 93,101 shares; 2025Q1: 80,240 shares; 2025Q2: 79,758 shares 79,758$44M4.34%-482Timeline
FPAGINVESTMENT MANAGERS SER TR IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,114,984 shares; 2024Q4: 1,154,987 shares; 2025Q1: 1,113,468 shares; 2025Q2: 1,097,525 shares 1,097,525$37.3M3.68%-15,943Timeline
FNDXSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 588,241 shares; 2024Q4: 1,544,410 shares; 2025Q1: 1,233,735 shares; 2025Q2: 1,226,154 shares 1,226,154$30.1M2.97%-7,581Timeline
IWVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 98,299 shares; 2024Q4: 98,253 shares; 2025Q1: 90,009 shares; 2025Q2: 75,462 shares 75,462$26.5M2.61%-14,547Timeline
EFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 332,168 shares; 2024Q4: 310,044 shares; 2025Q1: 292,006 shares; 2025Q2: 291,019 shares 291,019$26M2.56%-987Timeline
QUALISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 143,104 shares; 2024Q4: 140,947 shares; 2025Q1: 125,570 shares; 2025Q2: 125,216 shares 125,216$22.9M2.26%-354Timeline
SCHBSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 248,512 shares; 2024Q4: 747,692 shares; 2025Q1: 674,938 shares; 2025Q2: 922,238 shares 922,238$22M2.17%+247,300Timeline
VNQVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 151,274 shares; 2024Q4: 224,820 shares; 2025Q1: 213,588 shares; 2025Q2: 201,578 shares 201,578$18M1.77%-12,010Timeline
VIGIVANGUARD WHITEHALL FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,245 shares; 2024Q4: 99,022 shares; 2025Q1: 82,648 shares; 2025Q2: 82,205 shares 82,205$7.41M0.73%-443Timeline
IEFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,244 shares; 2024Q4: 59,957 shares; 2025Q1: 56,342 shares; 2025Q2: 56,056 shares 56,056$4.68M0.46%-286Timeline
TCAFT ROWE PRICE EXCHANGE-TRADEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 107,083 shares; 2024Q4: 120,614 shares; 2025Q1: 122,944 shares; 2025Q2: 127,588 shares 127,588$4.5M0.44%+4,644Timeline
EFGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 66,461 shares; 2024Q4: 65,213 shares; 2025Q1: 20,642 shares; 2025Q2: 20,642 shares 20,642$2.31M0.23%0Timeline
FEOERBB FUND TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 46,078 shares 46,078$1.94M0.19%newTimeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,478 shares; 2024Q4: 2,478 shares; 2025Q1: 2,374 shares; 2025Q2: 2,374 shares 2,374$1.47M0.14%0Timeline
XLKSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,225 shares; 2024Q4: 6,963 shares; 2025Q1: 5,391 shares; 2025Q2: 5,624 shares 5,624$1.42M0.14%+233Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,113 shares; 2024Q4: 1,544 shares; 2025Q1: 1,544 shares; 2025Q2: 1,506 shares 1,506$749K0.07%-38Timeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1 shares; 2024Q4: 1 shares; 2025Q1: 1 shares; 2025Q2: 1 shares 1$729K0.07%0Timeline
SCHXSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,976 shares; 2024Q4: 29,926 shares; 2025Q1: 29,249 shares; 2025Q2: 29,250 shares 29,250$715K0.07%+1Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,300 shares; 2024Q4: 3,540 shares; 2025Q1: 3,540 shares; 2025Q2: 3,540 shares 3,540$624K0.06%0Timeline
ACWVISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 232,522 shares; 2025Q2: 5,119 shares 5,119$607K0.06%-227,403Timeline
SCHHSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,984 shares; 2024Q4: 9,596 shares; 2025Q1: 9,596 shares; 2025Q2: 28,507 shares 28,507$603K0.06%+18,911Timeline
XLRESELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 242,139 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 14,433 shares 14,433$598K0.06%newTimeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,393 shares; 2024Q4: 3,056 shares; 2025Q1: 3,056 shares; 2025Q2: 2,731 shares 2,731$560K0.06%-325Timeline
SHYISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 4,855 shares; 2025Q2: 4,855 shares 4,855$402K0.04%0Timeline
JEPIJ P MORGAN EXCHANGE TRADED FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,040 shares; 2024Q4: 7,040 shares; 2025Q1: 7,040 shares; 2025Q2: 7,040 shares 7,040$400K0.04%0Timeline
EFVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,991 shares; 2024Q4: 5,972 shares; 2025Q1: 5,972 shares; 2025Q2: 5,972 shares 5,972$379K0.04%0Timeline
IYRISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,123 shares; 2024Q4: 3,372 shares; 2025Q1: 3,372 shares; 2025Q2: 3,372 shares 3,372$320K0.03%0Timeline
SCHDSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,559 shares; 2024Q4: 10,677 shares; 2025Q1: 10,677 shares; 2025Q2: 10,677 shares 10,677$283K0.03%0Timeline
VFMVVANGUARD WELLINGTON FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 201,853 shares; 2025Q2: 1,755 shares 1,755$225K0.02%-200,098Timeline
IDVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 6,353 shares 6,353$219K0.02%newTimeline
SPGIS&P GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 400 shares 400$211K0.02%newTimeline
IWDISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,057 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,057 shares 1,057$205K0.02%newTimeline

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
VEUVANGUARD INTL EQUITY INDEX F29,319$1.78Mshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001454308-25-000006 base2025-07-21acceptance time not in the bulk data set