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Tanglewood Legacy Advisors, LLC — 13F Holdings & Portfolio

CIK 1965616 · latest 13F-HR filed 2026-08-10

Backtest portfolio

Tanglewood Legacy Advisors, LLC manages $309.8M in 13F-reported U.S. long-equity assets across 280 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are IUSG (20.39%), IUSV (13.63%), RWL (12.01%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 16 new positions and exited 5; 154 existing positions rose in reported value and 48 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

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AUM
$309.8M

Long-equity book

Holdings
280

Distinct positions

Period
2026-06-30

Filed 2026-08-10

Q/Q Activity
+16 / −5 / ↑154 / ↓48

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
IUSG20.4% · -0%IUSV13.6% · +0%RWL12.0% · +2%PAAA3.5% · -4%IWR3.3% · +2%IWF2.9% · +304%FMAY1.9% · -0%IWD1.8% · 0%SPY1.6% · -2%AAPL1.6% · 0%DMAY1.5% · -1%FAPR1.5% · +1%QQQ1.4% · 0%GFEB1.2% · -4%GJAN1.2% · -0%DAPR1.1% · +15%DNOV1.1% · 0%CAT0.8% · 0%DFEB0.8% · -3%LUV0.8% · 0%DJUN0.8% · +20%FJUN0.7% · +6%DBEF0.7% · -7%DFAU0.7% · 0%GAUG0.7% · -10%SM0.6% · 0%GMAY0.6% · +17%IVV0.6% · 0%USMV0.6% · -8%GJUN0.6% · +53%ITOT0.6% · +0%GDEC0.5% · 0%FNOV0.5% · -0%VUG0.5% · +500%GNOV0.5% · 0%MRK0.5% · 0%FJAN0.5% · -2%GAPR0.5% · +35%FDEC0.4% · -12%VTV0.4% · 0%JNJ0.4% · -4%MSFT0.4% · -2%GMAR0.4% · 0%DFAX0.4% · 0%XOM0.3% · -0%ILOW0.3% · 0%GE0.3% · 0%AVUS0.3% · -3%FFEB0.3% · -1%DJAN0.3% · 0%CVX0.3% · +0%ZALT0.3% · 0%FJUL0.3% · 0%DDEC0.3% · 0%GJUL0.2% · -1%FAUG0.2% · 0%AMZN0.2% · 0%GEV0.2% · 0%VYM0.2% · 0%NEE0.2% · 0%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 62.6%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 27, 2026.

Assets Under Management
$809.0M
Discretionary
$779.5M
Employees
9
Accounts
563
Address
ONE RIVERWAY, SUITE 1550
HOUSTON, TX 77056
Phone
(713) 599-4999
Website
Name Title / Status Ownership Type
GARDENER, ANDREW, TODD ControlCHIEF COMPLIANCE OFFICER / CHAIRMAN
since May 2003
10–25%Individual
Roth, Kevin, Bruce ControlCHIEF EXECUTIVE OFFICER
since Oct 2024
75% or moreIndividual
Ownership & leadership changes · 5 filings with changes since Apr 29, 2016

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Oct 18, 2024 filing
  • AddedRoth, Kevin, Bruce · CHIEF EXECUTIVE OFFICER · 75% or more · control person
  • ChangedGARDENER, ANDREW, TODD · title CHIEF COMPLIANCE OFFICER / PRESIDENT → CHIEF COMPLIANCE OFFICER / CHAIRMAN; ownership 75% or more → 10–25%
Dec 22, 2023 filing
  • No longer listedBerti, Matthew, Douglas · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Oct 2022
  • ChangedGARDENER, ANDREW, TODD · title PRESIDENT/ MANAGING MEMBER → CHIEF COMPLIANCE OFFICER / PRESIDENT
Nov 3, 2022 filing
  • No longer listedPIKE, SHANNON, JON · CHIEF COMPLIANCE OFFICER AND VICE PRESIDENT · Less than 5% · control person · listed since Jan 2017
  • AddedBerti, Matthew, Douglas · CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Mar 31, 2017 filing
  • No longer listedWIND, BRENDA, LEA · CHIEF COMPLIANCE OFFICER · Less than 5% · control person · listed since Apr 2016
  • AddedPIKE, SHANNON, JON · CHIEF COMPLIANCE OFFICER AND VICE PRESIDENT · Less than 5% · control person
May 12, 2016 filing
  • ChangedGARDENER, ANDREW, TODD · title PRESIDENT → PRESIDENT/ MANAGING MEMBER
Apr 29, 2016 filing (earliest on record)
  • ListedGARDENER, ANDREW, TODD · PRESIDENT · 75% or more · control person
  • ListedWIND, BRENDA, LEA · CHIEF COMPLIANCE OFFICER · Less than 5% · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 154 →

Top Trims

Show all 48 →

New Positions

Show all 16 →

Exited Positions

Show all 5 →

Tanglewood Legacy Advisors, LLC Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 ISHARES S&P IUSG 464287671 $63.2M 20.39% 335,931 SH
2 ISHARES CORE IUSV 464287663 $42.2M 13.63% 383,487 SH
3 INVESCO S&P RWL 46138G698 $37.2M 12.01% 291,325 SH
4 PGIM AAA PAAA 69344A834 $11.0M 3.54% 213,996 SH
5 ISHARES RUSSELL IWR 464287499 $10.3M 3.33% 93,523 SH
6 ISHARES RUSSELL IWF 464287614 $8.9M 2.86% 71,396 SH
7 FIRST TRUST FMAY 33740F748 $5.8M 1.88% 103,547 SH
8 ISHARES RUSSELL IWD 464287598 $5.5M 1.78% 22,694 SH
9 STATE STREET SPY 78462F103 $5.0M 1.62% 6,719 SH
10 APPLE INC AAPL 037833100 $4.9M 1.57% 16,848 SH
11 FIRST TRUST DMAY 33740F730 $4.7M 1.52% 100,098 SH
12 FIRST TRUST FAPR 33740U885 $4.6M 1.49% 98,740 SH
13 INVESCO QQQ QQQ 46090E103 $4.4M 1.42% 5,955 SH
14 FIRST TRUST GFEB 33740U737 $3.8M 1.23% 86,661 SH
15 FIRST TRUST GJAN 33740F516 $3.8M 1.23% 84,702 SH
16 FIRST TRUST DAPR 33740U802 $3.4M 1.09% 82,637 SH
17 FIRST TRUST DNOV 33740F839 $3.3M 1.05% 63,336 SH
18 CATERPILLAR INC CAT 149123101 $2.6M 0.85% 2,470 SH
19 FIRST TRUST DFEB 33740F771 $2.6M 0.84% 51,607 SH
20 SOUTHWEST AIRLINES LUV 844741108 $2.4M 0.77% 46,464 SH
21 FIRST TRUST DJUN 33740F714 $2.3M 0.75% 47,164 SH
22 FIRST TRUST FJUN 33740F722 $2.3M 0.73% 37,590 SH
23 XTRACKERS MSCI DBEF 233051200 $2.2M 0.71% 40,111 SH
24 DIMENSIONAL US DFAU 25434V104 $2.1M 0.68% 40,517 SH
25 FIRST TRUST GAUG 33740U653 $2.0M 0.65% 48,766 SH
26 SM ENERGY SM 78454L100 $1.9M 0.63% 74,323 SH
27 FIRST TRUST GMAY 33740F441 $1.9M 0.62% 44,841 SH
28 ISHARES CORE IVV 464287200 $1.8M 0.60% 2,468 SH
29 ISHARES MSCI USMV 46429B697 $1.8M 0.58% 18,787 SH
30 FIRST TRUST GJUN 33740F433 $1.8M 0.57% 43,132 SH
31 ISHARES CORE ITOT 464287150 $1.7M 0.56% 10,632 SH
32 FIRST TRUST GDEC 33740U679 $1.7M 0.55% 42,501 SH
33 FIRST TRUST FNOV 33740F847 $1.6M 0.53% 27,895 SH
34 VANGUARD GROWTH VUG 922908736 $1.6M 0.53% 18,912 SH
35 FIRST TRUST GNOV 33740U687 $1.6M 0.52% 38,442 SH
36 MERCK & COMPANY MRK 58933Y105 $1.6M 0.51% 12,210 SH
37 FIRST TRUST FJAN 33740F623 $1.5M 0.49% 27,503 SH
38 FIRST TRUST GAPR 33740F458 $1.4M 0.46% 33,966 SH
39 FIRST TRUST FDEC 33740U505 $1.4M 0.45% 25,486 SH
40 VANGUARD VALUE VTV 922908744 $1.3M 0.43% 6,137 SH
41 JOHNSON & JOHNSON JNJ 478160104 $1.3M 0.42% 5,091 SH
42 MICROSOFT CORP MSFT 594918104 $1.2M 0.38% 3,171 SH
43 FIRST TRUST GMAR 33740F482 $1.2M 0.38% 26,430 SH
44 DIMENSIONAL WORLD DFAX 25434V880 $1.1M 0.36% 30,200 SH
45 EXXON MOBIL XOM 30231G102 $1.1M 0.35% 7,902 SH
46 AB INTL ILOW 00039J822 $975.0K 0.31% 21,448 SH
47 GE AEROSPACE GE 369604301 $955.6K 0.31% 2,557 SH
48 AVANTIS U S AVUS 025072885 $922.9K 0.30% 7,206 SH
49 FIRST TRUST FFEB 33740F763 $915.3K 0.30% 15,010 SH
50 FIRST TRUST DJAN 33740F631 $880.4K 0.28% 19,340 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-10 $309.8M 280 0001965616-26-000004
2026-03-31 2026-04-27 $276.5M 269 0001965616-26-000002
2025-12-31 2026-02-06 $266.3M 267 0001965616-26-000001
Filer Information
Address
ONE RIVERWAY
SUITE 1550
HOUSTON, TX 77056
Phone
(713) 599-4999
Filing Manager
Tanglewood Legacy Advisors, LLC
HOUSTON, TX
Signatory
Andrew T. Gardener
Chairman and CCO