Abstract: In accordance with the first embodiment of the invention there is provided a portable, flexible tool holder having a generally rectangular flexible body, the body having an inner surface and an outer surface and an upper edge, a lower edge and two side edges, the outer surface having a plurality of magnets connected thereto, the inner surface having a plurality of pockets an loops thereon for holding tools and equipment, either of the side edges being foldable toward the other of the side edges to enclose the inner surface of the body inside the outer surface of the body to tightly hold tools and equipment within the tool holder, and the upper edge having receivers for attaching a carrying device to the tool holder.