Tanglewood Wealth Management, Inc.

Tanglewood Wealth Management's $1.21B Q1 2026 13F is a 38-ETF portfolio with a meaningful rotation out of gold and into interest-rate-sensitive and dividend-focused strategies. SPY and IVV anchor the equity side at 25%, VEA adds developed-markets exposure at 15.5%, and IEI (3-7 Year Treasury) rose to 15.7% of the book — up from 16.2% in shares but still the second-largest position. The manager added sharply to infrastructure and dividend sleeves: NFRA (FlexShares Infrastructure) up 22.4%, PAVE (Global X Infrastructure) entered as a new $4.0M position, and VIGI (International Dividend Appreciation) was increased despite being reduced in value. Gold was the largest reduction: IAU fell 12% in shares and GLD fell 12.2% in shares. The whaleScore of 74.75 measures the scale of a systematic core allocation, not stock-picking skill.