# EDGAR Filing Document

**Accession Number:** 0001454308
**File Stem:** 0001454308-25-000006
**Filing Date:** 2025-7
**Character Count:** 7905
**Document Hash:** 564ecf5d0a9d6c02466ee9702036aa63
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001454308-25-000006.hdr.sgml**: 20250721

**ACCESSION NUMBER**: 0001454308-25-000006

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250721

**DATE AS OF CHANGE**: 20250721

**EFFECTIVENESS DATE**: 20250721

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tanglewood Wealth Management, Inc.
- **CENTRAL INDEX KEY:** 0001454308

**ORGANIZATION NAME:**
- **EIN:** 760624770
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-13327
- **FILM NUMBER:** 251136755

**BUSINESS ADDRESS:**
- **STREET 1:** 1400 POST OAK BLVD
- **STREET 2:** SUITE 800
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77056
- **BUSINESS PHONE:** 713-840-8880

**MAIL ADDRESS:**
- **STREET 1:** 1400 POST OAK BLVD
- **STREET 2:** SUITE 800
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77056

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Tanglewood Wealth Management Inc.<br>**Address:** 1400 POST OAK BLVD<br>SUITE 800<br>HOUSTON, TX 77056

**Form 13F File Number:** 028-13327

**CRD Number (if applicable):** 000107639

**SEC File Number (if applicable):** 801-38245

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Keith Fenstad<br>**Title:** Chief Compliance Officer<br>**Phone:** 713-840-8880

**Signature, Place, and Date of Signing:**

Keith Fenstad  Houston, TX  07-21-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 40

**Form 13F Information Table Value Total:** $1014382147

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALPHABET INC | CAP STK CL A | 02079K305 |  | 623854 | 3540 | SH |  | SOLE |  | 0 | 0 | 3540 |
| APPLE INC | COM | 037833100 |  | 560319 | 2731 | SH |  | SOLE |  | 0 | 0 | 2731 |
| BERKSHIRE HATHAWAY INC DEL | CL A | 084670108 |  | 728800 | 1 | SH |  | SOLE |  | 0 | 0 | 1 |
| EA SERIES TRUST | FREEDOM 100 EM | 02072L607 |  | 44753989 | 1107772 | SH |  | SOLE |  | 1107772 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 43997850 | 79758 | SH |  | SOLE |  | 79758 | 0 | 0 |
| INVESTMENT MANAGERS SER TR I | FPA GBL EQTY ETF | 30254T577 |  | 37311789 | 1097525 | SH |  | SOLE |  | 1097525 | 0 | 0 |
| ISHARES GOLD TR | ISHARES NEW | 464285204 |  | 72055172 | 1155471 | SH |  | SOLE |  | 1155471 | 0 | 0 |
| ISHARES INC | MSCI GBL MIN VOL | 464286525 |  | 606960 | 5119 | SH |  | SOLE |  | 5119 | 0 | 0 |
| ISHARES TR | 3 7 YR TREAS BD | 464288661 |  | 125701960 | 1055521 | SH |  | SOLE |  | 1055521 | 0 | 0 |
| ISHARES TR | CORE MSCI EAFE | 46432F842 |  | 4679555 | 56056 | SH |  | SOLE |  | 56056 | 0 | 0 |
| ISHARES TR | MSCI USA QLT FCT | 46432F339 |  | 22891989 | 125216 | SH |  | SOLE |  | 125216 | 0 | 0 |
| ISHARES TR | 7-10 YR TRSY BD | 464287440 |  | 54129587 | 565204 | SH |  | SOLE |  | 565204 | 0 | 0 |
| ISHARES TR | 1 3 YR TREAS BD | 464287457 |  | 402285 | 4855 | SH |  | SOLE |  | 4855 | 0 | 0 |
| ISHARES TR | MSCI EAFE ETF | 464287465 |  | 26014188 | 291019 | SH |  | SOLE |  | 291019 | 0 | 0 |
| ISHARES TR | RUSSELL 3000 ETF | 464287689 |  | 26487166 | 75462 | SH |  | SOLE |  | 75462 | 0 | 0 |
| ISHARES TR | U.S. REAL ES ETF | 464287739 |  | 319564 | 3372 | SH |  | SOLE |  | 3372 | 0 | 0 |
| ISHARES TR | EAFE VALUE ETF | 464288877 |  | 379103 | 5972 | SH |  | SOLE |  | 5972 | 0 | 0 |
| ISHARES TR | EAFE GRWTH ETF | 464288885 |  | 2311904 | 20642 | SH |  | SOLE |  | 20642 | 0 | 0 |
| ISHARES TR | RUS 1000 VAL ETF | 464287598 |  | 205301 | 1057 | SH |  | SOLE |  | 1057 | 0 | 0 |
| ISHARES TR | INTL SEL DIV ETF | 464288448 |  | 219242 | 6353 | SH |  | SOLE |  | 6353 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM | 46641Q332 |  | 400224 | 7040 | SH |  | SOLE |  | 7040 | 0 | 0 |
| MICROSOFT CORP | COM | 594918104 |  | 749099 | 1506 | SH |  | SOLE |  | 0 | 0 | 1506 |
| RBB FUND TRUST | FIRST EAGLE OVER | 75526L878 |  | 1938501 | 46078 | SH |  | SOLE |  | 46078 | 0 | 0 |
| S GLOBAL INC | COM | 78409V104 |  | 210916 | 400 | SH |  | SOLE |  | 400 | 0 | 0 |
| SCHWAB STRATEGIC TR | US BRD MKT ETF | 808524102 |  | 21976936 | 922238 | SH |  | SOLE |  | 922238 | 0 | 0 |
| SCHWAB STRATEGIC TR | US LRG CAP ETF | 808524201 |  | 714869 | 29250 | SH |  | SOLE |  | 29250 | 0 | 0 |
| SCHWAB STRATEGIC TR | SCHWAB FDT US LG | 808524771 |  | 30089816 | 1226154 | SH |  | SOLE |  | 1226154 | 0 | 0 |
| SCHWAB STRATEGIC TR | US DIVIDEND EQ | 808524797 |  | 282941 | 10677 | SH |  | SOLE |  | 10677 | 0 | 0 |
| SCHWAB STRATEGIC TR | US REIT ETF | 808524847 |  | 603208 | 28507 | SH |  | SOLE |  | 28507 | 0 | 0 |
| SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 |  | 1424166 | 5624 | SH |  | SOLE |  | 5624 | 0 | 0 |
| SELECT SECTOR SPDR TR | RL EST SEL SEC | 81369Y860 |  | 597815 | 14433 | SH |  | SOLE |  | 14433 | 0 | 0 |
| SPDR GOLD TR | GOLD SHS | 78463V107 |  | 50820953 | 166719 | SH |  | SOLE |  | 166719 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 1466776 | 2374 | SH |  | SOLE |  | 2374 | 0 | 0 |
| T ROWE PRICE ETF INC | CAP APPRECIATION | 87283Q867 |  | 4501305 | 127588 | SH |  | SOLE |  | 127588 | 0 | 0 |
| VANGUARD INDEX FDS | REAL ESTATE ETF | 922908553 |  | 17952560 | 201578 | SH |  | SOLE |  | 201578 | 0 | 0 |
| VANGUARD INDEX FDS | TOTAL STK MKT | 922908769 |  | 171852628 | 565435 | SH |  | SOLE |  | 565435 | 0 | 0 |
| VANGUARD SCOTTSDALE FDS | INTER TERM TREAS | 92206C706 |  | 80599537 | 1347593 | SH |  | SOLE |  | 1347593 | 0 | 0 |
| VANGUARD TAX-MANAGED INTL FD | FTSE DEV MKT ETF | 921943858 |  | 156185961 | 2739624 | SH |  | SOLE |  | 2739624 | 0 | 0 |
| VANGUARD WELLINGTON FD | US MINIMUM | 921935409 |  | 225044 | 1755 | SH |  | SOLE |  | 1755 | 0 | 0 |
| VANGUARD WHITEHALL FDS | INTL DVD ETF | 921946810 |  | 7408315 | 82205 | SH |  | SOLE |  | 82205 | 0 | 0 |

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