Tanglewood Wealth Management portfolio

What changed this quarter

36 positions with a change (7 new, 14 added to, 12 trimmed, 3 sold). 11 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• iShares 3-7 Year Treasury BO ETF−94%fewer sharesReduced
  14.4% → 0.8%
• Vanguard Intermediate-term T ETF+122%more sharesIncreased
  5.1% → 10.7%
• Pimco Multisector Bond Actv ETF+4.2 ppof portfolioNew
  — → 4.2%
• STE Str SPDR PT S&P 500 ETF+3.4 ppof portfolioNew
  — → 3.4%
• Cohen & Steers ETF Trust−2.6 ppof portfolioSold out
  2.7% → —
• Schwab Fndmn International LRG Co ETF+2.0 ppof portfolioNew
  — → 2.0%
• State Street Real Estate Select Sector ETF+1,309%more sharesIncreased
  0.1% → 1.3%
• iShares Core S&P 500 ETF+1.2 ppof portfolioNew
  — → 1.2%
• iShares Core U.s. Aggregate ETF+0.8 ppof portfolioNew
  — → 0.8%
• Vanguard Real Estate ETF+37%more sharesIncreased
  2.1% → 2.6%
• iShares Russell 3000 ETF−24%fewer sharesReduced
  2.7% → 2.0%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Vanguard Index FundsVTI19.8%
• Vanguard Ftse Developed ETFVEA17.5%
• Vanguard Intermediate-term T ETFVGIT10.7%
• iShares Gold Trust ETFIAU5.1%
• Invesco QQQ Trust Series 1 ETFQQQ4.6%
• Schwab Fndmntl US LRG Co ETFFNDX4.5%
• Pimco Multisector Bond Actv ETFPYLD4.2%
• EA Series TrustFRDM4.2%
• Schwab US Broad Market ETFSCHB4.0%
• STE Str SPDR PT S&P 500 ETFSPYM3.4%
• SPDR Gold Shares ETFGLD3.4%
• Vanguard Real Estate ETFVNQ2.6%
• iShares Msci Eafe ETFEFA2.4%
• iShares Msci USA Quality FAC ETFQUAL2.2%
• iShares Russell 3000 ETFIWV2.0%
• Schwab Fndmn International LRG Co ETFFNDF2.0%
• State Street Real Estate Select Sector ETFXLRE1.3%
• iShares Core S&P 500 ETFIVV1.2%
• iShares Core U.s. Aggregate ETFAGG0.8%
• iShares 3-7 Year Treasury BO ETFIEI0.8%
• Vanguard Int Div APP Indx FundVIGI0.5%
• T Rowe Price Exchange-tradedTCAF0.5%
• iShares Core Msci Eafe ETFIEFA0.4%
• Invesco Nasdaq 100 ETFQQQM0.2%
• iShares Msci Eafe Growth ETFEFG0.2%
• Investment Managers SER Tr IFPAG0.1%
• State Street Technology Select Sector ETFXLK0.1%
• Schwab Short-term US Treas ETFSCHO0.1%
• RBB Fund TrustFEOE0.1%
• AlphabetGOOGL0.1%
• Schwab US Large-cap ETFSCHX0.1%
• AppleAAPL0.1%
• Berkshire HathawayBRK/A0.1%
• State Str Spdr S&P 500 ETF TSPY0.1%
• MicrosoftMSFT0.1%
• Vanguard S&P 500 ETFVOO0.1%
• State Str Spdr S&P Midcap 40MDYunder 0.1%
• iShares Msci Eafe Value ETFEFVunder 0.1%
• iShares Silver Trust ETFSLVunder 0.1%
• iShares Russell 1000 Value E ETFIWDunder 0.1%
• Profesionally Managed PortfoAKREunder 0.1%
• Vanguard Total Bond Market ETFBNDunder 0.1%
• iShares Russell 1000 ETFIWBunder 0.1%
• iShares International Select ETFIDVunder 0.1%
• Amazon.comAMZNunder 0.1%
• Johnson & JohnsonJNJunder 0.1%
• iShares Select Dividend ETFDVYunder 0.1%
• CaterpillarCATunder 0.1%