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Tanglewood Wealth Management, Inc.

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13F filer, CIK 1454308, HOUSTON, TX

Tanglewood Wealth Management, Inc. reported $1,076,013,176 across 39 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-10-30. Its ten largest share positions make up 82.56% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001454308-25-000008

Period
2025-09-30
Reported value
$1.08B
Holdings
39
Top 10 weight
82.56%
New
1
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
VGITadded+22,158$1.33M
FRDMadded+8,259$366K
VEAadded+5,176$310K
SOnew+2,321$220K
XLREadded+4,695$198K

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
VTIreduced-6,529-$2.14M
IEIreduced-9,571-$1.14M
FPAGreduced-24,936-$894K
QQQreduced-541-$325K
VFMVexited-1,755-$225K

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, Q3 2025

Share positions as resolved from 13F-HR 0001454308-25-000008, largest first. % of portfolio is the value over $1,076,013,176, 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; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 666,472 shares; 2024Q4: 652,748 shares; 2025Q1: 470,705 shares; 2025Q2: 565,435 shares; 2025Q3: 558,906 shares 558,906$183M17.05%-6,529Timeline
VEAVANGUARD TAX-MANAGED FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 2,744,800 shares 2,744,800$164M15.28%+5,176Timeline
IEIISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 1,045,950 shares 1,045,950$125M11.62%-9,571Timeline
IAUISHARES GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 1,154,959 shares 1,154,959$84M7.81%-512Timeline
VGITVANGUARD SCOTTSDALE FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 753,483 shares; 2024Q4: 738,369 shares; 2025Q1: 559,633 shares; 2025Q2: 1,347,593 shares; 2025Q3: 1,369,751 shares 1,369,751$82.2M7.64%+22,158Timeline
GLDSPDR GOLD TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 187,268 shares; 2024Q4: 186,676 shares; 2025Q1: 183,188 shares; 2025Q2: 166,719 shares; 2025Q3: 166,112 shares 166,112$59M5.49%-607Timeline
IEFISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 8,953 shares; 2025Q1: 558,606 shares; 2025Q2: 565,204 shares; 2025Q3: 567,028 shares 567,028$54.7M5.08%+1,824Timeline
FRDMEA SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 881,196 shares; 2024Q4: 577,744 shares; 2025Q1: 745,583 shares; 2025Q2: 1,107,772 shares; 2025Q3: 1,116,031 shares 1,116,031$49.5M4.6%+8,259Timeline
QQQINVESCO QQQ TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 79,503 shares; 2024Q4: 93,101 shares; 2025Q1: 80,240 shares; 2025Q2: 79,758 shares; 2025Q3: 79,217 shares 79,217$47.6M4.42%-541Timeline
FPAGINVESTMENT MANAGERS SER TR IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 1,072,589 shares 1,072,589$38.4M3.57%-24,936Timeline
FNDXSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q3: 1,223,475 shares 1,223,475$32.2M2.99%-2,679Timeline
IWVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 98,299 shares; 2024Q4: 98,253 shares; 2025Q1: 90,009 shares; 2025Q2: 75,462 shares; 2025Q3: 75,182 shares 75,182$28.5M2.65%-280Timeline
EFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 332,168 shares; 2024Q4: 310,044 shares; 2025Q1: 292,006 shares; 2025Q2: 291,019 shares; 2025Q3: 290,844 shares 290,844$27.2M2.52%-175Timeline
QUALISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 143,104 shares; 2024Q4: 140,947 shares; 2025Q1: 125,570 shares; 2025Q2: 125,216 shares; 2025Q3: 124,455 shares 124,455$24.2M2.25%-761Timeline
SCHBSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 248,512 shares; 2024Q4: 747,692 shares; 2025Q1: 674,938 shares; 2025Q2: 922,238 shares; 2025Q3: 921,412 shares 921,412$23.7M2.2%-826Timeline
VNQVANGUARD INDEX FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 151,274 shares; 2024Q4: 224,820 shares; 2025Q1: 213,588 shares; 2025Q2: 201,578 shares; 2025Q3: 203,118 shares 203,118$18.6M1.73%+1,540Timeline
VIGIVANGUARD WHITEHALL FDSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,245 shares; 2024Q4: 99,022 shares; 2025Q1: 82,648 shares; 2025Q2: 82,205 shares; 2025Q3: 81,305 shares 81,305$7.28M0.68%-900Timeline
TCAFT ROWE PRICE EXCHANGE-TRADEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 107,083 shares; 2024Q4: 120,614 shares; 2025Q1: 122,944 shares; 2025Q2: 127,588 shares; 2025Q3: 132,154 shares 132,154$4.98M0.46%+4,566Timeline
IEFAISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,244 shares; 2024Q4: 59,957 shares; 2025Q1: 56,342 shares; 2025Q2: 56,056 shares; 2025Q3: 56,033 shares 56,033$4.89M0.45%-23Timeline
EFGISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 66,461 shares; 2024Q4: 65,213 shares; 2025Q1: 20,642 shares; 2025Q2: 20,642 shares; 2025Q3: 20,642 shares 20,642$2.35M0.22%0Timeline
FEOERBB FUND TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 46,078 shares; 2025Q3: 49,208 shares 49,208$2.27M0.21%+3,130Timeline
XLKSELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,225 shares; 2024Q4: 6,963 shares; 2025Q1: 5,391 shares; 2025Q2: 5,624 shares; 2025Q3: 5,886 shares 5,886$1.66M0.15%+262Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,478 shares; 2024Q4: 2,478 shares; 2025Q1: 2,374 shares; 2025Q2: 2,374 shares; 2025Q3: 2,374 shares 2,374$1.58M0.15%0Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,300 shares; 2024Q4: 3,540 shares; 2025Q1: 3,540 shares; 2025Q2: 3,540 shares; 2025Q3: 3,540 shares 3,540$861K0.08%0Timeline
XLRESELECT SECTOR SPDR TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 242,139 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 14,433 shares; 2025Q3: 19,128 shares 19,128$806K0.07%+4,695Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,113 shares; 2024Q4: 1,544 shares; 2025Q1: 1,544 shares; 2025Q2: 1,506 shares; 2025Q3: 1,506 shares 1,506$780K0.07%0Timeline
SCHXSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,976 shares; 2024Q4: 29,926 shares; 2025Q1: 29,249 shares; 2025Q2: 29,250 shares; 2025Q3: 29,250 shares 29,250$770K0.07%0Timeline
BRK-ABERKSHIRE HATHAWAY INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1 shares; 2024Q4: 1 shares; 2025Q1: 1 shares; 2025Q2: 1 shares; 2025Q3: 1 shares 1$754K0.07%0Timeline
AAPLAPPLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,393 shares; 2024Q4: 3,056 shares; 2025Q1: 3,056 shares; 2025Q2: 2,731 shares; 2025Q3: 2,731 shares 2,731$695K0.06%0Timeline
SCHHSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,984 shares; 2024Q4: 9,596 shares; 2025Q1: 9,596 shares; 2025Q2: 28,507 shares; 2025Q3: 28,507 shares 28,507$615K0.06%0Timeline
ACWVISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 232,522 shares; 2025Q2: 5,119 shares; 2025Q3: 5,058 shares 5,058$607K0.06%-61Timeline
EFVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,991 shares; 2024Q4: 5,972 shares; 2025Q1: 5,972 shares; 2025Q2: 5,972 shares; 2025Q3: 5,972 shares 5,972$405K0.04%0Timeline
SHYISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 4,855 shares; 2025Q2: 4,855 shares; 2025Q3: 4,855 shares 4,855$403K0.04%0Timeline
JEPIJ P MORGAN EXCHANGE TRADED FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,040 shares; 2024Q4: 7,040 shares; 2025Q1: 7,040 shares; 2025Q2: 7,040 shares; 2025Q3: 7,040 shares 7,040$402K0.04%0Timeline
IYRISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,123 shares; 2024Q4: 3,372 shares; 2025Q1: 3,372 shares; 2025Q2: 3,372 shares; 2025Q3: 3,344 shares 3,344$325K0.03%-28Timeline
SCHDSCHWAB STRATEGIC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,559 shares; 2024Q4: 10,677 shares; 2025Q1: 10,677 shares; 2025Q2: 10,677 shares; 2025Q3: 10,677 shares 10,677$291K0.03%0Timeline
SOSOUTHERN COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,321 shares 2,321$220K0.02%newTimeline
IWDISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,057 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,057 shares; 2025Q3: 1,057 shares 1,057$215K0.02%0Timeline
IDVISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 6,353 shares; 2025Q3: 5,550 shares 5,550$203K0.02%-803Timeline

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
VFMVVANGUARD WELLINGTON FD1,755$225Kshares
SPGIS&P GLOBAL INC400$211Kshares

How Q3 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 0001454308-25-000008 base2025-10-30acceptance time not in the bulk data set