How Tanglewood Wealth Management's Holdings Changed in Q1 2023

Tanglewood Wealth Management, Inc. has recently submitted its 13F filings with the Securities and Exchange Commission (SEC), revealing its holdings at the end of Q1 2023. Comparing these holdings to those at the end of Q4 2022, we can see how the fund's positions have changed. Here's a closer look at some of the shifts in Tanglewood Wealth Management's holdings.

Looking at the table, we can see that Tanglewood's overall portfolio value increased slightly, from $1.17 billion at the end of Q4 2022 to $1.18 billion at the end of Q1 2023. However, there were significant changes in the fund's holdings in individual stocks and exchange-traded funds (ETFs).

One of the most noteworthy changes was the fund's increased investment in Vanguard Tax-Managed Intl FD (VEA). Tanglewood's position in VEA grew by 65.7%, with the fund purchasing an additional 508,225 shares and increasing its value in the stock by over $25 million. This increase in VEA holdings could be due to the fund's belief in the long-term potential of international markets or a desire to diversify its portfolio.

Another significant change was the fund's decreased investment in Select Sector SPDR TR (XLE). Tanglewood reduced its position in XLE by 35.5%, selling off nearly 134,000 shares and reducing its value in the stock by over $13 million. It's unclear why the fund decided to decrease its holdings in XLE. The energy sector has been volatile in recent years, and the fund may have wanted to reduce its exposure to this risk.

Tanglewood also significantly increased its investment in Invesco QQQ TR (QQQ). The fund bought an additional 67,029 shares of QQQ, increasing its position by 174.8% and its value in the stock by over $24 million. This increase in QQQ holdings could be due to the fund's optimistic outlook on continued growth in the technology sector.

In contrast, the fund reduced its investment in Vanguard Index FDS (VTI) by 1.2%. The fund sold off over 26,000 shares of VTI, reducing its value by over $800,000. This reduction in VTI holdings may have been due to a desire to reallocate assets elsewhere.

Overall, Tanglewood Wealth Management's Q1 2023 holdings demonstrate the fund's willingness to adjust its portfolio based on changing market conditions and its outlook for particular sectors. By increasing its holdings in stocks like VEA and QQQ while decreasing exposure to XLE and VTI, Tanglewood is positioning itself for potential growth opportunities in the years to come.

In conclusion, analyzing a fund's 13F filings can provide valuable insight into how a fund is allocating its assets and what sectors it is bullish or bearish on. Tanglewood Wealth Management's Q1 2023 filings show that the fund made significant shifts in its holdings, providing clues to its investment strategy and potential opportunities for investors seeking to align their portfolios with Tanglewood's outlook.