Tanglewood Wealth Management, Inc. has filed a Form 13F-HR with the Securities and Exchange Commission, disclosing its equity holdings as of September 30, 2026. The filing lists the firm's total number of equity securities as 48.
The portfolio is heavily weighted toward exchange-traded funds (ETFs), with the top holding being the Vanguard FTSE Developed Markets ETF. This fund accounts for 2,984,492 shares. Other significant positions include the Vanguard Total Stock Market ETF with 635,779 shares, the SCHWAB FUNDAMENTAL U.S. LARGE COMPANY ETF with 1,738,525 shares, and the PIMCO ETF TR MULTISECTOR BD with 2,005,427 shares.
Within the individual stock holdings, Berkshire Hathaway Inc. Class A is the largest, with 747,005 shares. Alphabet Inc. Class A follows with 928,672 shares, and Apple Inc. holds 760,618 shares. The portfolio also includes positions in Microsoft Corp., Amazon.com Inc., Caterpillar Inc., and Johnson & Johnson.
The filing was signed by Keith Fenstad, Chief Compliance Officer for Tanglewood Wealth Management, and was submitted on October 23, 2026.
