SEC 13F Intelligence

Managers / Q3 2020 · view latest →

Betterment LLC

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

Reported Value
$20.4B
Q3 2020
Positions
112
Filings on Record
29
2019–present window
Filed
Nov 10, 2020
original filing

Summary

Betterment LLC reported $20.4B in U.S.-listed holdings across 112 positions for Q3 2020.

The portfolio is heavily concentrated: VTI alone accounts for 33.2% of reported value.

Compared with Q2 2020, the fund opened 2 new positions and exited 5.

Portfolio Metrics

Turnover
+0.3%
vs prior filed quarter
Top-10 Concentration
+97.4%
share of reported value
Largest Position
+33.2%
Vanguard Index Fds
New / Exited
2 / 5
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% · $20.4B

Quarter-over-Quarter Changes full breakdown →

vs Q2 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ESGUiSharesNEW+2.8K2.8K+$215,000$215,000
SCHDSCHWAB STRATEGIC TRNEW+3.8K3.8K+$208,000$208,000
VIGVANGUARD SPECIALIZED PORTFOLADDED+2.0K3.8K+$282,000$489,000
IJRISHARES TRSOLD OUT−5.1K0−$349,000$0
VOVANGUARD INDEX FDSSOLD OUT−2.1K0−$343,000$0
ISTBISHARES TRSOLD OUT−5.1K0−$264,000$0
ISHARES GOLD TRUSTSOLD OUT−13.2K0−$224,000$0
GVIISHARES TRSOLD OUT−1.7K0−$204,000$0

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

Holdings — Q3 2020

31 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VTIVANGUARD INDEX FDSCommon33.24%$6.8B49.75M
2SHVISHARES TRCommon21.27%$4.3B45.55M
3VEAVANGUARD TAX MANAGED INTL FDhistory →Common14.08%$2.9B70.13M
4VWOVANGUARD INTL EQUITY INDEX FCommon10.02%$2.0B47.21M
5BNDXVANGUARD CHARLOTTE FDShistory →Common6.12%$1.2B21.41M
6SCHFSCHWAB STRATEGIC TRCommon5.91%$1.2B29.27M
7IEMGISHARES INCCommon3.05%$621M10.53M
8VTIPVANGUARD MALVERN FDShistory →Common1.73%$353M6.91M
9TFISPDR SERIES TRUSTCommon1.02%$209M4.02M
10GSLCGoldman SachsCommon0.97%$198M4.01M
11BNDVANGUARD BD INDEX FD INCCommon0.95%$194M2.25M
12JPSTJP Morganhistory →Common0.74%$150M2.96M
13VWOBVANGUARD WHITEHALL FDS INCCommon0.41%$84M1.07M
14SPDR State Street Global AdvisorsCommon0.18%$37M969.3K
15GMOMCAMBRIA ETF TRCommon0.12%$25M1.08M
16VCLTVANGUARD SCOTTSDALE FDSCommon0.05%$11M104.0K
17VOTVanguardCommon0.03%$6M35.3K
18PCYInvescoCommon0.02%$4M220.4K
19WTMFWISDOMTREE TRCommon0.02%$4M99.3K
20EMLPFIRST TR EXCHANGE TRADED FDCommon0.01%$2M84.4K
21XTRACKERSCommon0.01%$1M26.5K
22INDEXIQ ETF TRCommon0.00%$936,00030.2K
23COMBGraniteSharesCommon0.00%$714,00033.7K
24SPYSPDR SP 500 ETF TRCommon0.00%$648,0001.9K
25VXUSVANGUARD STAR FDCommon0.00%$574,00011.0K
26ETFS GOLD TRCommon0.00%$537,00029.6K
27HYDMARKET VECTORS ETF TRCommon0.00%$511,0008.5K
28VIGVANGUARD SPECIALIZED PORTFOLCommon0.00%$489,0003.8K
29EMLCVANECK VECTORS TRCommon0.00%$487,00015.8K
30DBX ETF TRCommon0.00%$353,00010.2K
31VIOOVANGUARD ADMIRAL FDS INCCommon0.00%$344,0002.7K

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 ↗.