TANGLEWOOD WEALTH MANAGEMENT INC
Q2 2022 Form 13-F

HOUSTON, TEXAS
CIK 0001454308 · CRD 107639 · SEC-registered investment adviser
$741.4M Reported Value Total

TANGLEWOOD TOTAL WEALTH MANAGEMENT, INC. reports 1,246 total accounts under management (AUM). There are 1,246 discretionary accounts valued at $1,406,404,904, and 0 non-discretionary accounts.

Source: Form ADV filed * Note that certain holdings are exempt from Form 13-F reporting, so the AUM totals may be greater than the Form 13-F total.
SEC Registered Discretionary Manager
Source: Form ADV filed 2026-03-30
Reported value
$741.4M
Quarter over quarter
-12.5%
Holdings
30
Top-10 concentration
75.3%

Key People

Form ADV owners & control persons
Brian Joseph Merrill
VICE PRESIDENT AND TREASURER
John Franklin Merrill
PRESIDENT
Keith Alan Fenstad
CHIEF COMPLIANCE OFFICER AND SECRETARY

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Q2 2022 13F record

Q2 2022 13F filing summary

Q2 2022 Form 13F portfolio summary
Period of report June 30, 2022
Filed July 22, 2022
Form 13F-HR
Reported value $741.4M
Positions 30
Change in reported value +11.3%
New positions 8
Exited positions 8
Position turnover 42.1%
Top-10 concentration 75.3%

13F filings by quarter

Form 13F filings by quarter
Quarter Positions Value
Q3 2026 13F
Filed Oct 23, 2026
48 $1.2B
Q2 2026 13F
Filed Jul 27, 2026
44 $1.2B
Q1 2026 13F
Filed Apr 21, 2026
38 $1.2B
Q4 2025 13F
Filed Jan 29, 2026
35 $1.1B
Q3 2025 13F
Filed Oct 30, 2025
39 $1.1B
Q2 2025 13F
Filed Jul 21, 2025
40 $1.0B
Q1 2025 13F
Filed Apr 14, 2025
36 $888.9M
Q4 2024 13F
Filed Jan 24, 2025
34 $868.0M
Q3 2024 13F
Filed Oct 28, 2024
36 $867.9M
Q2 2024 13F
Filed Jul 26, 2024
30 $804.3M
Q1 2024 13F
Filed May 8, 2024
33 $809.2M
Q4 2023 13F
Filed Feb 8, 2024
32 $816.8M
Q3 2023 13F
Filed Oct 31, 2023
23 $589.6M
Q2 2023 13F
Filed Aug 4, 2023
29 $699.4M
Q1 2023 13F
Filed May 2, 2023
33 $688.5M
Q4 2022 13F
Filed Feb 7, 2023
32 $667.6M
Q3 2022 13F
Filed Nov 2, 2022
29 $662.5M
Q2 2022 13F
Filed Jul 22, 2022
30 $741.4M
Q1 2022 13F
Filed May 10, 2022
30 $666.1M
Q4 2021 13F
Filed Feb 2, 2022
27 $603.1M

34 earlier quarters on file — choose one from the quarter menu above.

Top 20 holdings · Q2 2022

Largest Q2 2022 13F positions by reported value
# Holding Reported value % of portfolio
1 IEI ISHARES TR $100.1M 13.5%
2 VTI VANGUARD INDEX FDS $87.8M 11.84%
3 AGG ISHARES TR $74.0M 9.98%
4 VGIT VANGUARD SCOTTSDALE FDS $57.8M 7.8%
5 VEA VANGUARD TAX-MANAGED INTL FD $53.2M 7.17%
6 QUAL ISHARES TR $45.2M 6.1%
7 VIGI VANGUARD WHITEHALL FDS $36.6M 4.93%
8 IAU ISHARES GOLD TR $34.7M 4.68%
9 FNDX SCHWAB STRATEGIC TR $34.4M 4.64%
10 XLV SELECT SECTOR SPDR TR $34.4M 4.64%
11 XLE SELECT SECTOR SPDR TR $33.2M 4.48%
12 GLD SPDR GOLD TR $28.8M 3.89%
13 VNQ VANGUARD INDEX FDS $21.5M 2.9%
14 IWV ISHARES TR $20.2M 2.73%
15 XLP SELECT SECTOR SPDR TR $18.3M 2.46%
16 IEFA ISHARES TR $16.3M 2.2%
17 QQQ INVESCO QQQ TR $16.1M 2.18%
18 SCHB SCHWAB STRATEGIC TR $11.5M 1.55%
19 EFA ISHARES TR $6.1M 0.82%
20 EFV ISHARES TR $3.6M 0.49%

Values as reported on the Q2 2022 Form 13F. Every position is in the holdings table below.

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