SEC 13F Intelligence

Managers / Q3 2019 · view latest →

Betterment LLC

CIK 0001633901 · 450 WEST 33RD STREET, FL 11, NEW YORK, NY, 10001 · 212-228-1328

Reported Value
$17.6B
Q3 2019
Positions
111
Filings on Record
29
2019–present window
Filed
Nov 7, 2019
original filing

Summary

Betterment LLC reported $17.6B in U.S.-listed holdings across 111 positions for Q3 2019.

The portfolio is heavily concentrated: VTI alone accounts for 35.6% of reported value.

The book was largely unchanged from Q2 2019.

Portfolio Metrics

Turnover
0.0%
vs prior filed quarter
Top-10 Concentration
+98.1%
share of reported value
Largest Position
+35.6%
Vanguard Index Fds

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q1 ’19: $16.5BQ1 ’19Q2 ’19: $17.6BQ3 ’19: $17.6BQ4 ’19: $19.4BQ1 ’20: $16.1BQ1 ’20Q2 ’20: $18.8BQ3 ’20: $20.4BQ4 ’20: $23.9BQ2 ’21: $29.4BQ2 ’21Q3 ’21: $29.9BQ4 ’21: $32.1BQ1 ’22: $31.4BQ2 ’22: $28.0BQ2 ’22Q3 ’22: $28.0BQ4 ’22: $29.2BQ1 ’23: $30.9BQ2 ’23: $32.3BQ2 ’23Q3 ’23: $31.6BQ4 ’23: $34.7BQ1 ’24: $37.3BQ2 ’24: $38.6BQ2 ’24Q3 ’24: $41.9BQ4 ’24: $41.9BQ1 ’25: $42.2BQ2 ’25: $47.0BQ2 ’25Q3 ’25: $50.6BQ4 ’25: $52.5BQ1 ’26: $52.8Bfilingsflow.com

Portfolio Composition

By security type
ETP: 100.0%
  • ETP · 100.0% · $17.6B

Quarter-over-Quarter Changes full breakdown →

vs Q2 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPDR State Street Global AdvisorsHELD+0286.8K+$0$9M
XLRESPDR State Street Global AdvisorsHELD+08.9K+$0$326,000
SCHHSCHWAB STRATEGIC TRHELD+018.8K+$0$835,000
ITOTISHARES TRHELD+0380.4K+$0$25M
BILSPDR SERIES TRUSTHELD+02.9K+$0$265,000
CMFISHARES TRHELD+074.5K+$0$5M
IJSISHARES TRHELD+02.1K+$0$319,000
SCHDSCHWAB STRATEGIC TRHELD+04.9K+$0$260,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2019

29 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VTIVANGUARD INDEX FDSCommon35.56%$6.3B46.74M
2VEAVANGUARD TAX MANAGED INTL FDhistory →Common17.20%$3.0B72.73M
3SHVISHARES TRCommon16.19%$2.9B26.26M
4VWOVANGUARD INTL EQUITY INDEX FCommon10.12%$1.8B41.95M
5SCHBSCHWAB STRATEGIC TRCommon6.33%$1.1B24.94M
6BNDXVANGUARD CHARLOTTE FDShistory →Common5.96%$1.1B18.34M
7IEMGISHARES INCCommon2.91%$513M9.48M
8VTIPVANGUARD MALVERN FDShistory →Common1.68%$296M5.99M
9BNDVANGUARD BD INDEX FD INCCommon1.20%$211M2.57M
10TFISPDR SERIES TRUSTCommon0.99%$175M3.49M
11VWOBVANGUARD WHITEHALL FDS INCCommon0.69%$121M1.50M
12GSLCGoldman SachsCommon0.68%$120M2.84M
13GMOMCAMBRIA ETF TRCommon0.21%$37M1.48M
14VCITVANGUARD SCOTTSDALE FDSCommon0.09%$15M164.8K
15SPYMSPDR State Street Global AdvisorsCommon0.08%$14M379.3K
16WTMFWISDOMTREE TRCommon0.03%$6M141.0K
17PCYInvescoCommon0.03%$4M209.6K
18VOTVanguardCommon0.02%$4M25.5K
19EMLPFIRST TR EXCHANGE TRADED FDCommon0.02%$4M139.3K
20EMLCVANECK VECTORS TRCommon0.01%$2M57.0K
21INDEXIQ ETF TRCommon0.01%$979,00032.2K
22XTRACKERSCommon0.00%$873,00017.4K
23ETFS GOLD TRCommon0.00%$844,0006.2K
24VXUSVANGUARD STAR FDCommon0.00%$706,00013.4K
25SPYSPDR S&P 500 ETF TRCommon0.00%$573,0002.0K
26HYDMARKET VECTORS ETF TRCommon0.00%$449,0007.0K
27DBX ETF TRCommon0.00%$315,00011.2K
28VIGVANGUARD SPECIALIZED PORTFOLCommon0.00%$314,0002.7K
29COMBGraniteShares ETF TRCommon0.00%$244,00010.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$52.8B615May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$52.5B551Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$50.6B522Nov 13, 202513F-HRchanges · EDGAR ↗
Q2 2025$47.0B497Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$42.2B458May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$41.9B444Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$41.9B421Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$38.6B392Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$37.3B352May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$34.7B313Feb 9, 202413F-HRchanges · EDGAR ↗
Q3 2023$31.6B296Nov 9, 202313F-HRchanges · EDGAR ↗
Q2 2023$32.3B281Aug 7, 202313F-HRchanges · EDGAR ↗
Q1 2023$30.9B265May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$29.2B252Feb 13, 202313F-HRchanges · EDGAR ↗
Q3 2022$28.0B223Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$28.0B223Aug 10, 202213F-HRchanges · EDGAR ↗
Q1 2022$31.4B224May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$32.1B202Feb 15, 202213F-HRchanges · EDGAR ↗
Q3 2021$29.9B184Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$29.4B163Aug 10, 202113F-HRchanges · EDGAR ↗
Q4 2020$23.9B125Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$20.4B112Nov 10, 202013F-HRchanges · EDGAR ↗
Q2 2020$18.8B115Aug 11, 202013F-HRchanges · EDGAR ↗
Q1 2020$16.1B111May 14, 202013F-HRchanges · EDGAR ↗
Q4 2019$19.4B112Jan 31, 202013F-HRchanges · EDGAR ↗
Q3 2019$17.6B111Nov 7, 201913F-HRchanges · EDGAR ↗
Q2 2019$17.6B111Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$16.5B109Apr 11, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.