SEC 13F Intelligence

Managers / Q2 2020 · view latest →

Betterment LLC

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

Reported Value
$18.8B
Q2 2020
Positions
115
Filings on Record
29
2019–present window
Filed
Aug 11, 2020
original filing

Summary

Betterment LLC reported $18.8B in U.S.-listed holdings across 115 positions for Q2 2020.

The portfolio is heavily concentrated: VTI alone accounts for 32.8% of reported value.

Compared with Q1 2020, the fund opened 8 new positions and exited 4.

Portfolio Metrics

Turnover
+1.4%
vs prior filed quarter
Top-10 Concentration
+97.5%
share of reported value
Largest Position
+32.8%
Vanguard Index Fds
New / Exited
8 / 4
positions this quarter

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% · $18.8B

Quarter-over-Quarter Changes full breakdown →

vs Q1 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
LQDHiSharesNEW+40.9K40.9K+$4M$4M
PFFISHARES TRNEW+15.9K15.9K+$550,000$550,000
TIPISHARES TRNEW+3.6K3.6K+$442,000$442,000
USIGISHARES TRNEW+6.0K6.0K+$361,000$361,000
IJRISHARES TRNEW+5.1K5.1K+$349,000$349,000
VOVANGUARD INDEX FDSNEW+2.1K2.1K+$343,000$343,000
ISHARES GOLD TRUSTNEW+13.2K13.2K+$224,000$224,000
VIGVANGUARD SPECIALIZED PORTFOLNEW+1.8K1.8K+$207,000$207,000

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

Holdings — Q2 2020

32 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VTIVANGUARD INDEX FDSCommon32.79%$6.2B48.40M
2SHVISHARES TRCommon21.40%$4.0B43.86M
3VEAVANGUARD TAX MANAGED INTL FDhistory →Common13.84%$2.6B67.07M
4VWOVANGUARD INTL EQUITY INDEX FCommon9.84%$1.8B46.66M
5SCHFSCHWAB STRATEGIC TRCommon6.49%$1.2B31.47M
6BNDXVANGUARD CHARLOTTE FDShistory →Common6.13%$1.2B19.97M
7IEMGISHARES INCCommon3.07%$578M10.71M
8VTIPVANGUARD MALVERN FDShistory →Common1.74%$326M6.50M
9TFISPDR SERIES TRUSTCommon1.15%$217M4.19M
10BNDVANGUARD BD INDEX FD INCCommon1.03%$193M2.23M
11GSLCGoldman SachsCommon0.90%$170M3.66M
12JPSTJP Morganhistory →Common0.64%$120M2.36M
13VWOBVANGUARD WHITEHALL FDS INCCommon0.44%$83M1.07M
14SPDR State Street Global AdvisorsCommon0.22%$41M1.13M
15GMOMCAMBRIA ETF TRCommon0.14%$26M1.16M
16VCLTVANGUARD SCOTTSDALE FDSCommon0.05%$10M98.9K
17VOTVanguardCommon0.03%$6M33.8K
18PCYInvescoCommon0.03%$5M248.2K
19WTMFWISDOMTREE TRCommon0.02%$4M104.9K
20EMLPFIRST TR EXCHANGE TRADED FDCommon0.01%$2M82.0K
21XTRACKERSCommon0.01%$959,00020.5K
22INDEXIQ ETF TRCommon0.00%$872,00028.7K
23SPYSPDR SP 500 ETF TRCommon0.00%$605,0002.0K
24COMBGraniteSharesCommon0.00%$542,00027.8K
25VXUSVANGUARD STAR FDCommon0.00%$539,00011.0K
26ETFS GOLD TRCommon0.00%$531,00031.0K
27EMLCVANECK VECTORS TRCommon0.00%$523,00017.0K
28HYDMARKET VECTORS ETF TRCommon0.00%$501,0008.4K
29VIOOVANGUARD ADMIRAL FDS INCCommon0.00%$337,0002.7K
30DBX ETF TRCommon0.00%$311,00010.5K
31ISHARES GOLD TRUSTCommon0.00%$224,00013.2K
32VIGVANGUARD SPECIALIZED PORTFOLCommon0.00%$207,0001.8K

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 ↗.