Tanglewood Wealth Management 13F annual report
Tanglewood Wealth Management is an investment fund managing more than $774 billion ran by Keith Fenstad. There are currently 18 companies in Mr. Fenstad’s portfolio. The largest investments include Vanguard Index Fds and Ishares Tr, together worth $437 billion.
$774 billion Assets Under Management (AUM)
As of 5th May 2024, Tanglewood Wealth Management’s top holding is 899,634 shares of Vanguard Index Fds currently worth over $197 billion and making up 25.4% of the portfolio value.
In addition, the fund holds 1,990,732 shares of Ishares Tr worth $240 billion.
The third-largest holding is Vanguard Tax-managed Intl Fd worth $86.1 billion and the next is Ishares Gold Tr worth $50.6 billion, with 1,205,013 shares owned.
Currently, Tanglewood Wealth Management's portfolio is worth at least $774 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Tanglewood Wealth Management
The Tanglewood Wealth Management office and employees reside in Houston, Texas. According to the last 13-F report filed with the SEC, Keith Fenstad serves as the Chief Compliance Officer, Secretary, and Treasurer at Tanglewood Wealth Management.
Recent trades
In the most recent 13F filing, Tanglewood Wealth Management revealed that it had opened a new position in
Ishares Tr and bought 228,525 shares worth $20.5 billion.
The investment fund also strengthened its position in Vanguard Index Fds by buying
222,110 additional shares.
This makes their stake in Vanguard Index Fds total 899,634 shares worth $197 billion.
On the other hand, there are companies that Tanglewood Wealth Management is getting rid of from its portfolio.
Tanglewood Wealth Management closed its position in EA Series Trust on 8th May 2024.
It sold the previously owned 397,970 shares for $11.3 billion.
Keith Fenstad also disclosed a decreased stake in Ishares Tr by 0.2%.
This leaves the value of the investment at $240 billion and 1,990,732 shares.
One of the average hedge funds
The two most similar investment funds to Tanglewood Wealth Management are Rockwood Wealth Management and Deer Management Co. They manage $774 billion and $773 billion respectively.
Keith Fenstad investment strategy
Tanglewood Wealth Management’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Technology — making up 0.1% of
the total portfolio value.
The fund focuses on investments in the United States as
16.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
17% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $1.69 trillion.
The complete list of Tanglewood Wealth Management trades based on 13F SEC filings
These positions were updated on May 8th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Vanguard Index Fds |
32.78%
899,634
|
$196,826,235,000 | 25.44% |
| Ishares Tr |
16.65%
1,990,732
|
$239,983,537,000 | 31.02% |
| Vanguard Tax-managed Intl Fd |
41.49%
1,715,419
|
$86,062,571,000 | 11.12% |
| Ishares Gold Tr |
55.55%
1,205,013
|
$50,622,596,000 | 6.54% |
| Vanguard Scottsdale Fds |
253.52%
813,600
|
$47,636,280,000 | 6.16% |
| Schwab Strategic Tr |
27.39%
866,538
|
$56,706,342,000 | 7.33% |
| Spdr Gold Tr |
48.30%
192,317
|
$39,563,453,000 | 5.11% |
| Ishares Tr |
Opened
228,525
|
$20,547,024,000 | 2.66% |
| Northern Lts Fd Tr Iii |
Opened
593,568
|
$17,136,308,000 | 2.22% |
| EA Series Trust |
Closed
397,970
|
$11,266,531,000 | |
| Vanguard Whitehall Fds |
58.74%
121,618
|
$9,915,516,000 | 1.28% |
| Vanguard Intl Equity Index F |
5.67%
48,985
|
$2,872,971,000 | 0.37% |
| T Rowe Price Etf Inc |
590.49%
88,907
|
$2,687,659,000 | 0.35% |
| Select Sector Spdr Tr |
16.43%
4,428
|
$922,220,000 | 0.12% |
| Microsoft Corporation |
Opened
1,109
|
$466,578,000 | 0.06% |
| Apple Inc |
Opened
2,392
|
$410,189,000 | 0.05% |
| J P Morgan Exchange Traded F |
Opened
7,040
|
$407,334,000 | 0.05% |
| Alphabet Inc |
Opened
2,300
|
$347,139,000 | 0.04% |
| Schwab Strategic Tr |
Opened
9,282
|
$490,758,000 | 0.06% |
| No transactions found | |||
| Showing first 500 out of 19 holdings | |||
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