SEC 13F Intelligence

Managers / Q3 2021 · view latest →

Betterment LLC

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

Reported Value
$29.9B
Q3 2021
Positions
184
Filings on Record
29
2019–present window
Filed
Nov 15, 2021
original filing

Summary

Betterment LLC reported $29.9B in U.S.-listed holdings across 184 positions for Q3 2021.

The portfolio is heavily concentrated: VTI alone accounts for 35.4% of reported value.

Compared with Q2 2021, the fund opened 26 new positions and exited 5.

Portfolio Metrics

Turnover
+1.2%
vs prior filed quarter
Top-10 Concentration
+97.2%
share of reported value
Largest Position
+35.4%
Vanguard Index Fds
New / Exited
26 / 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% · $29.9B

Quarter-over-Quarter Changes full breakdown →

vs Q2 2021 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
VOTEEngine No. 1NEW+278.5K278.5K+$14M$14M
DFAXDimensional Fund Advisors LPNEW+140.1K140.1K+$4M$4M
DFAUDimensional Fund AdvisorsNEW+113.2K113.2K+$3M$3M
DFAIDimensional Fund AdvisorsNEW+64.9K64.9K+$2M$2M
DFAEDimensional Fund AdvisorsNEW+37.8K37.8K+$1M$1M
AvantisNEW+10.2K10.2K+$768,000$768,000
VXFVanguardNEW+3.6K3.6K+$659,000$659,000
IQLTiSharesNEW+16.3K16.3K+$616,000$616,000

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

Holdings — Q3 2021

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VTIVANGUARD INDEX FDSCommon35.41%$10.6B58.00M
2MUBISHARES TRCommon18.10%$5.4B50.76M
3VEAVANGUARD TAX MANAGED INTL FDhistory →Common15.25%$4.6B90.38M
4VWOVANGUARD INTL EQUITY INDEX FCommon9.67%$2.9B57.85M
5BNDXVANGUARD CHARLOTTE FDShistory →Common5.82%$1.7B30.54M
6IEMGISHARES INCCommon4.31%$1.3B18.10M
7SCHFSCHWAB STRATEGIC TRCommon4.25%$1.3B24.49M
8GBILGoldman SachsCommon2.02%$603M8.92M
9VTIPVANGUARD MALVERN FDShistory →Common1.68%$504M9.58M
10TFISPDR SERIES TRUSTCommon0.68%$202M3.99M
11BNDVANGUARD BD INDEX FD INCCommon0.63%$190M2.29M
12JPSTJP Morganhistory →Common0.61%$181M3.57M
13EFAXSPDR State Street Global AdvisorsCommon0.58%$172M2.58M
14VWOBVANGUARD WHITEHALL FDS INCCommon0.35%$106M1.35M
15ESGVVANGUARDCommon0.18%$53M654.3K
16GMOMCAMBRIA ETF TRCommon0.09%$27M931.4K
17VOTEEngine No. 1history →Common0.05%$14M278.5K
18QQQInvescoCommon0.05%$14M260.0K
19LTPZPIMCOhistory →Common0.04%$11M122.9K
20DFAXDimensional Fund Advisors LPCommon0.03%$10M355.9K
21DFACDimensionalCommon0.03%$9M285.8K
22MOATVan EckCommon0.03%$8M145.8K
23VCLTVANGUARD SCOTTSDALE FDSCommon0.03%$8M76.6K
24XTRACKERSCommon0.02%$5M125.1K
25ARKKArk ETF TrustCommon0.02%$5M43.0K
26WTMFWISDOMTREE TRCommon0.01%$4M98.1K
27COMBGraniteSharesCommon0.01%$4M128.0K
28FPXIFirst TrustCommon0.01%$4M57.0K
29Impact SharesCommon0.01%$3M89.4K
30Exchange Traded Concepts TrustCommon0.01%$2M49.8K
31FIXDFirst Trust Exchange-Traded Fund VIIICommon0.01%$2M34.1K
32EMLCVANECK VECTORS TRCommon0.00%$1M45.5K
33INDEXIQ ETF TRCommon0.00%$1M41.8K
34BLDGCambria FundsCommon0.00%$983,00031.4K
35EMLPFIRST TR EXCHANGE TRADED FDCommon0.00%$917,00038.7K
36VXUSVANGUARD STAR FDCommon0.00%$847,00013.4K
37AvantisCommon0.00%$768,00010.2K
38VIGVANGUARD SPECIALIZED PORTFOLCommon0.00%$699,0004.6K
39VIOOVANGUARD ADMIRAL FDS INCCommon0.00%$659,0003.3K
40HYDMARKET VECTORS ETF TRCommon0.00%$637,00010.2K
41ETFS GOLD TRCommon0.00%$607,00036.0K
42SPYSPDR SP 500 ETF TRCommon0.00%$540,0001.3K
43AVDVAVANTIS INTLCommon0.00%$458,0007.1K
44EZMWisdomTreeCommon0.00%$451,0008.7K
45DBMFDynamic Beta InvestmentsCommon0.00%$307,00011.0K
46DBX ETF TRCommon0.00%$295,0007.7K

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 ↗.