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Institutional Investment Manager
Tanglewood Wealth Management, Inc.
Tanglewood Wealth Management, Inc. (CIK: 0001454308), located at 1400 Post Oak Blvd, Houston, TX. Institutional holdings reported to the SEC.

Institutional Holdings (2016Q1)
Portfolio Summary: 12 holdings with a total value of $290,553,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 VANGUARD INTL EQUITY INDEX F 1,011,696 43,655,000 15.02%
2 VANGUARD INDEX FDS 375,139 39,322,000 13.53%
3 ISHARES TR 304,179 38,311,000 13.19%
4 ISHARES TR 533,064 34,980,000 12.04%
5 ISHARES 7-10 YEAR TREASURY BOND ETF 260,639 28,759,000 9.90%
6 VANGUARD INDEX FDS 313,768 26,294,000 9.05%
7 SPDR GOLD TR 198,595 23,363,000 8.04%
8 VANGUARD STAR FDS 420,830 18,904,000 6.51%
9 ISHARES RUSSELL 3000 ETF 150,217 18,155,000 6.25%
10 ISHARES GOLD TRUST ISHARES ETF 1,083,842 12,876,000 4.43%
11 ISHARES TR 100,163 5,725,000 1.97%
12 SPDR S&P 500 ETF TR 1,017 209,000 0.07%

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001085146-16-003594, filed 2016.05.05).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.