SEC 13F Intelligence

Managers / Q2 2021 · view latest →

Betterment LLC

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

Reported Value
$29.4B
Q2 2021
Positions
163
Filings on Record
29
2019–present window
Filed
Aug 10, 2021
original filing

Summary

Betterment LLC reported $29.4B in U.S.-listed holdings across 163 positions for Q2 2021.

The portfolio is heavily concentrated: VTI alone accounts for 35.9% of reported value.

Compared with Q4 2020, the fund opened 41 new positions and exited 3.

Portfolio Metrics

Turnover
+1.0%
vs prior filed quarter
Top-10 Concentration
+97.4%
share of reported value
Largest Position
+35.9%
Vanguard Index Fds
New / Exited
41 / 3
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%Other: 0.0%
  • ETP · 100.0% · $29.4B
  • Other · 0.0% · $320,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2020 (amended baseline) · note: prior filed quarter, not the immediately preceding one

IssuerMoveShare ΔShares nowValue ΔValue now
VSGXVanguardNEW+313.6K313.6K+$20M$20M
ESGVDimensionalNEW+249.3K249.3K+$20M$20M
SPTLSPDR SERIES TRUSTNEW+377.4K377.4K+$16M$16M
LTPZPIMCONEW+141.2K141.2K+$12M$12M
IDEViSharesNEW+147.1K147.1K+$10M$10M
DFACDimensionalNEW+281.3K281.3K+$8M$8M
EEMVISHARESNEW+113.4K113.4K+$7M$7M
ACWViSharesNEW+66.2K66.2K+$7M$7M

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

Holdings — Q2 2021

41 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VTIVANGUARD INDEX FDSCommon35.86%$10.5B57.15M
2MUBISHARES TRCommon18.35%$5.4B50.09M
3VEAVANGUARD TAX MANAGED INTL FDhistory →Common15.25%$4.5B86.87M
4VWOVANGUARD INTL EQUITY INDEX FCommon10.18%$3.0B55.00M
5BNDXVANGUARD CHARLOTTE FDShistory →Common5.68%$1.7B29.18M
6SCHFSCHWAB STRATEGIC TRCommon4.53%$1.3B25.25M
7IEMGISHARES INCCommon3.85%$1.1B15.19M
8VTIPVANGUARD MALVERN FDShistory →Common1.63%$479M9.14M
9GSLCGoldman SachsCommon1.41%$413M6.55M
10TFISPDR SERIES TRUSTCommon0.72%$210M4.11M
11BNDVANGUARD BD INDEX FD INCCommon0.64%$187M2.23M
12JPSTJP Morganhistory →Common0.57%$167M3.29M
13EFAXSPDR State Street Global AdvisorsCommon0.46%$134M1.85M
14VWOBVANGUARD WHITEHALL FDS INCCommon0.37%$108M1.34M
15VSGXVanguardCommon0.12%$36M455.7K
16ESGVDimensionalCommon0.10%$29M550.8K
17GMOMCAMBRIA ETF TRCommon0.09%$27M916.5K
18LTPZPIMCOhistory →Common0.04%$12M141.2K
19QQQInvescoCommon0.03%$10M241.3K
20VCLTVANGUARD SCOTTSDALE FDSCommon0.03%$8M78.0K
21MOATVan EckCommon0.02%$5M78.9K
22WTMFWISDOMTREE TRCommon0.01%$4M98.0K
23COMBGraniteSharesCommon0.01%$3M106.1K
24XTRACKERSCommon0.01%$3M70.8K
25ARKKArk ETF TrustCommon0.01%$3M21.7K
26Impact SharesCommon0.01%$3M79.8K
27FPXIFirst TrustCommon0.01%$2M31.6K
28Exchange Traded Concepts TrustCommon0.01%$1M23.5K
29EMLCVANECK VECTORS TRCommon0.00%$1M45.1K
30INDEXIQ ETF TRCommon0.00%$1M40.1K
31BLDGCambria FundsCommon0.00%$998,00031.4K
32EMLPFIRST TR EXCHANGE TRADED FDCommon0.00%$943,00038.5K
33FIXDFirst Trust Exchange-Traded Fund VIIICommon0.00%$922,00017.2K
34VXUSVANGUARD STAR FDCommon0.00%$722,00011.0K
35VIGVANGUARD SPECIALIZED PORTFOLCommon0.00%$650,0004.2K
36HYDMARKET VECTORS ETF TRCommon0.00%$641,00010.1K
37ETFS GOLD TRCommon0.00%$608,00035.8K
38VIOOVANGUARD ADMIRAL FDS INCCommon0.00%$560,0002.7K
39SPYSPDR SP 500 ETF TRCommon0.00%$529,0001.2K
40Dynamic Beta InvestmentsCommon0.00%$320,00011.2K
41DBX ETF TRCommon0.00%$297,0007.3K

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 ↗.