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Tanglewood Wealth Management, Inc.

1400 POST OAK BLVD SUITE 800, HOUSTON, TX 77056 • 713-840-8880

Q3 2025 · Filed 2025-10-30
Market Value
$1.1B
+6.1%
Holdings
41
New Purchases
1
Added To
9
Closed
2
Reduced
16
Top 10 Concentration
82.6%
Turnover
7.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IAU 7.81% 7.10% +0.71% $84M
GLD 5.49% 5.01% +0.48% $59M
FRDM 4.60% 4.41% +0.18% $49M
VTI 17.05% 16.94% +0.10% $183M
QQQ 4.42% 4.34% +0.08% $48M
IWV 2.65% 2.61% +0.04% $28M
SCHB 2.20% 2.17% +0.04% $24M
FNDX 2.99% 2.97% +0.02% $32M
SO 0.02% 0.00% +0.02% $220K
FEOE 0.21% 0.19% +0.02% $2M
TCAF 0.46% 0.44% +0.02% $5M
GOOGL 0.08% 0.06% +0.02% $861K
XLRE 0.07% 0.06% +0.02% $806K
XLK 0.15% 0.14% +0.01% $2M
AAPL 0.06% 0.06% +0.01% $695K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
IEI 11.62% 12.39% -0.77% $125M
VGIT 7.64% 7.95% -0.30% $82M
IEF 5.08% 5.34% -0.25% $55M
VEA 15.28% 15.40% -0.11% $164M
FPAG 3.57% 3.68% -0.11% $38M
VIGI 0.68% 0.73% -0.05% $7M
VNQ 1.73% 1.77% -0.04% $19M
EFA 2.52% 2.56% -0.04% $27M
VFMV 0.00% 0.02% -0.02% $0
SPGI 0.00% 0.02% -0.02% $0
EFG 0.22% 0.23% -0.01% $2M
QUAL 2.25% 2.26% -0.01% $24M
IEFA 0.45% 0.46% -0.01% $5M
ACWV 0.06% 0.06% -0.00% $607K
IDV 0.02% 0.02% -0.00% $203K

Sector Allocation Over Time

Industry Breakdown

IndustryWeight
Financial Services 99.9%
Communication Services 0.1%
Technology 0.1%

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 8 $400M 37.2%
Large Cap 22 $571M 53.1%
Mid Cap 8 $64M 6.0%
Small Cap 3 $41M 3.8%

Portfolio Analytics

Avg Market Cap
$414.8B
Median Market Cap
$48.6B
Avg P/E
25.9
Median P/E
25.4
Avg Dividend Yield
0.01%
Avg Beta
0.85
# Stocks
6
# ETFs / Funds
35

Top Holdings (41 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VTI 17.05% 558,906 $183M $328.17 $12M -6,529 -1.1%
2 VEA 15.28% 2,744,800 $164M $59.92 $8M +5,176 +0.2%
3 IEI 11.62% 1,045,950 $125M $119.51 -$700K -9,571 -0.9%
4 IAU 7.81% 1,154,959 $84M $72.77 $12M -512 -0.0%
5 VGIT 7.64% 1,369,751 $82M $60.03 $2M +22,158 +1.6%
6 GLD 5.49% 166,112 $59M $355.47 $8M -607 -0.4%
7 IEF 5.08% 567,028 $55M $96.46 $566K +1,824 +0.3%
8 FRDM 4.60% 1,116,031 $49M $44.31 $5M +8,259 +0.8%
9 QQQ 4.42% 79,217 $48M $600.37 $4M -541 -0.7%
10 FPAG 3.57% 1,072,589 $38M $35.84 $1M -24,936 -2.3%
11 FNDX 2.99% 1,223,475 $32M $26.30 $2M -2,679 -0.2%
12 IWV 2.65% 75,182 $28M $378.94 $2M -280 -0.4%
13 EFA 2.52% 290,844 $27M $93.37 $1M -175 -0.1%
14 QUAL 2.25% 124,455 $24M $194.50 $1M -761 -0.6%
15 SCHB 2.20% 921,412 $24M $25.71 $2M -826 -0.1%
16 VNQ 1.73% 203,118 $19M $91.42 $617K +1,540 +0.8%
17 VIGI 0.68% 81,305 $7M $89.57 -$126K -900 -1.1%
18 TCAF 0.46% 132,154 $5M $37.70 $481K +4,566 +3.6%
19 IEFA 0.45% 56,033 $5M $87.31 $213K -23 -0.0%
20 EFG 0.22% 20,642 $2M $113.88 $39K
21 FEOE 0.21% 49,208 $2M $46.12 $331K +3,130 +6.8%
22 XLK 0.15% 5,886 $2M $281.86 $235K +262 +4.7%
23 SPY 0.15% 2,374 $2M $666.18 $115K
24 GOOGL 0.08% 3,540 $861K $243.10 $237K
25 XLRE 0.07% 19,128 $806K $42.13 $208K +4,695 +32.5%
26 MSFT 0.07% 1,506 $780K $517.95 $31K
27 SCHX 0.07% 29,250 $770K $26.34 $56K
28 BRK-A 0.07% 1 $754K $754,200.00 $25K
29 AAPL 0.06% 2,731 $695K $254.63 $135K
30 SCHH 0.06% 28,507 $615K $21.57 $12K
31 ACWV 0.06% 5,058 $607K $119.92 -$405 -61 -1.2%
32 EFV 0.04% 5,972 $405K $67.83 $26K
33 SHY 0.04% 4,855 $403K $82.96 $486
34 JEPI 0.04% 7,040 $402K $57.10 $2K
35 IYR 0.03% 3,344 $325K $97.08 $5K -28 -0.8%
36 SCHD 0.03% 10,677 $291K $27.30 $9K
37 SO 0.02% 2,321 $220K $94.77 +2,321 NEW
38 IWD 0.02% 1,057 $215K $203.59 $10K
39 IDV 0.02% 5,550 $203K $36.55 -$16K -803 -12.6%
40 VFMV —% -$225K -1,755 -100.0% SOLD
41 SPGI —% -$211K -400 -100.0% SOLD

New Positions

SymbolValue% Port
SO $220K 0.02%

Sold Out Positions

SymbolValue% Port
SPGI —%
VFMV —%
View SEC EDGAR Filings for Tanglewood Wealth Management, Inc. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms