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Portfolio (Quarterly) Guide ↗

Tanglewood Wealth Management, Inc.

· CIK 0001454308
13F Portfolio $1.1B AUM 35 positions Filed Jan 29, 2026 EDGAR ↗ ← All Funds
Q4 2025 Q3 2025 · All 2 New 11 Added 13 Reduced 6 Exited
Page 2 of 2  ·  35 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
21 XLK STATE STREET TECHNOLOGY SELECT SECTOR SPDR ETF 8,465.0 $1.2M 0.11% +3K +43.8% $143.97 +24.1%
22 SPY SPDR S&P 500 ETF TRUST Financial Services 1,784.0 $1.2M 0.11% -590.0 -24.9% $681.92 +8.9%
23 GOOGL ALPHABET INC CAP STK CL A Communication Services 3,372.0 $1.1M 0.10% -168.0 -4.8% $313.00 +23.9%
24 SCHX SCHWAB U.S. LARGE-CAP ETF 29,249.0 $787K 0.07% $26.91 +8.5%
25 BERKSHIRE HATHAWAY INC DEL CL A 1.0 $755K 0.07% $754800.00
26 AAPL APPLE INC COM Technology 2,731.0 $742K 0.07% $271.86 +12.2%
27 MSFT MICROSOFT CORP COM Technology 1,506.0 $728K 0.07% $483.62 -13.3%
28 SHY ISHARES 1-3 YEAR TREASURY BOND ETF 7,374.0 $611K 0.06% +3K +51.9% $82.82 -0.8%
29 EFV ISHARES MSCI EAFE VALUE ETF 5,972.0 $426K 0.04% $71.41 +10.6%
30 JEPI JPMORGAN EQUITY PREMIUM INCOME ETF 7,040.0 $403K 0.04% $57.24 -2.0%
31 VNQ VANGUARD REAL ESTATE ETF 3,999.0 $354K 0.03% -199K -98.0% $88.49 +9.2%
32 SCHD SCHWAB US DIVIDEND EQUITY ETF 10,677.0 $293K 0.03% $27.43 +17.6%
33 IWD ISHARES RUSSELL 1000 VALUE ETF 1,313.0 $276K 0.03% +256.0 +24.2% $210.34 +11.6%
34 BND VANGUARD BD INDEX FDS 3,695.0 $274K 0.03% NEW $74.07 -1.5%
35 IDV ISHARES INTERNATIONAL SELECT DIVIDEND ETF 5,550.0 $219K 0.02% $39.45 +15.0%
Page 2 of 2  ·  35 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 98.7%
Technology 0.8%
Communication Services 0.6%