Managers / Q4 2022 · view latest →
Betterment LLC
CIK 0001633901 · 450 WEST 33RD STREET, FL 11, NEW YORK, NY, 10001 · 212-228-1328
Reported Value
$29.2B
Q4 2022
Positions
252
Filings on Record
29
2019–present window
Filed
Feb 13, 2023
original filing
Summary
Betterment LLC reported $29.2B in U.S.-listed holdings across 252 positions for Q4 2022.
The portfolio is heavily concentrated: VTI alone accounts for 33.9% of reported value.
Compared with Q3 2022, the fund opened 36 new positions and exited 7.
Portfolio Metrics
Turnover
+2.1%
vs prior filed quarter
Top-10 Concentration
+96.4%
share of reported value
Largest Position
+33.9%
Vanguard Index Fds
New / Exited
36 / 7
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
Portfolio Composition
By security type
- ETP · 100.0% · $29.2B
- Other · 0.0% · $443,000
Quarter-over-Quarter Changes full breakdown →
vs Q3 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| STIPiShares | NEW | +978.2K | 978.2K | +$95M | $95M |
| VUSBVanguard | NEW | +33.6K | 33.6K | +$2M | $2M |
| SDYSPDR | NEW | +12.4K | 12.4K | +$2M | $2M |
| VDCVanguard | NEW | +7.9K | 7.9K | +$2M | $2M |
| PFFISHARES TR | NEW | +28.9K | 28.9K | +$882,000 | $882,000 |
| AVUSAMERICAN CENTY ETF TR | NEW | +12.3K | 12.3K | +$839,000 | $839,000 |
| DFICDimensional Fund Advisors LP | NEW | +37.2K | 37.2K | +$832,000 | $832,000 |
| QQQMInvesco | NEW | +4.1K | 4.1K | +$448,000 | $448,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2022
63 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | VTIVANGUARD INDEX FDS | TOTAL STK MKT · VALUE ETF · MCAP VL IDXVIP · SM CP VAL ETF · S&P 500 ETF SHS · GROWTH ETF · SMALL CP ETF · 500 GRTH IDX F · 500 VAL IDX FD · REAL ESTATE ETF · MID CAP ETF | 33.93% | $9.9B | 58.97M |
| 2 | ITOTISHARES TR | CORE S&P TTL STK · NATIONAL MUN ETF · JPMORGAN USD EMG · CORE US AGGBD ET · CORE MSCI EAFE · SHORT TREAS BD · RUS MDCP VAL ETF · RUS 2000 VAL ETF · S&P 500 VAL ETF · MBS ETF · 7-10 YR TRSY BD · IBOXX INV CP ETF · CORE S&P500 ETF · ISHS 1-5YR INVS · NEW YORK MUN ETF · S&P MC 400VL ETF · CALIF MUN BD ETF · 1 3 YR TREAS BD · 20 YR TR BD ETF · CORE 1 5 YR USD · TIPS BD ETF · CORE INTL AGGR · INTRM GOV CR ETF · CORE S&P MCP ETF · PFD AND INCM SEC · CORE S&P SCP ETF · RUSSELL 3000 ETF · EAFE VALUE ETF · 10+ YR INVST GRD · 10-20 YR TRS ETF · 3 7 YR TREAS BD · USD INV GRDE ETF · S&P 500 GRWT ETF · MSCI AC ASIA ETF · RUSSELL 2000 ETF · RUS 1000 ETF · MSCI EAFE ETF | 18.51% | $5.4B | 60.95M |
| 3 | VEAVANGUARD TAX MANAGED INTL FDhistory → | VAN FTSE DEV MKT | 14.97% | $4.4B | 103.96M |
| 4 | VWOVANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF · GLB EX US ETF · FTSE SMCAP ETF | 9.61% | $2.8B | 71.88M |
| 5 | BNDXVANGUARD CHARLOTTE FDShistory → | TOTAL INT BD ETF | 5.63% | $1.6B | 34.58M |
| 6 | IEMGISHARES INC | CORE MSCI EMKT · ESG AW MSCI EAFE · ESG AWR MSCI USA · MSCI LW CRB TG · 0-5 YR TIPS ETF · ESG AWR MSCI EM · MSCI KLD400 SOC · USD GRN BOND ETF · MSCI USA ESG SLC · ESG AWR US AGRGT · ESG AWRE USD ETF · FLTG RATE NT ETF · 0-5YR HI YL CP · BLACKROCK ST MAT · FALN ANGLS USD · CORE MSCI INTL · MSCI GBL MIN VOL · JP MRGN EM HI BD · MSCI EMERG MRKT · BROAD USD HIGH · MSCI USA MIN VOL · ESG AWRE 1 5 YR · ESG ADV TTL USD · MSCI USA MMENTM · CORE TOTAL USD · CORE LT USDB ETF · MSCI INTL MOMENT · SHRT NAT MUN ETF · MSCI INTL QUALTY · MSCI USA QLT FCT · EAFE GRWTH ETF · US TREAS BD ETF · ESG EAFE ETF · RUS 2000 GRW ETF · ESG MSCI USA ETF · 0-3 MNTH TREASRY · MSCI USA VALUE · CORE DIV GRWTH · CORE MSCI TOTAL · MSCI GBL ETF NEW · RUS TP200 GR ETF · CRE U S REIT ETF · RUS MID CAP ETF | 4.88% | $1.4B | 24.25M |
| 7 | SCHFSCHWAB STRATEGIC TR | INTL EQTY ETF · US BRD MKT ETF · US LCAP VA ETF · US REIT ETF · US LRG CAP ETF · EMRG MKTEQ ETF · US TIPS ETF · US LCAP GR ETF · SCHWB FDT INT LG · US DIVIDEND EQ · US SML CAP ETF | 3.45% | $1.0B | 26.45M |
| 8 | GBILGoldman Sachs | ACCES TREASURY · ACTIVEBETA US LG · ACTIVEBETA INT · ACTIVEBETA EME · ACCESS US AGRAT · ACCESS INVT GR · ACCESS INFLATI | 3.21% | $936M | 14.32M |
| 9 | VTIPVANGUARD MALVERN FDShistory → | STRM INFPROIDX | 1.32% | $385M | 8.24M |
| 10 | TFISPDR SERIES TRUST | NUVEEN BLMBRG MU · PORTFOLIO LN TSR · BLOOMBERG 1-3 MO · PORTFOLIO INTRMD · BLOOMBERG HIGH Y | 0.87% | $254M | 5.66M |
| 11 | EFAXSPDR State Street Global Advisors | PRTFLO S&P500 VL · SPDR S&P 500 ETF · MSCI EAFE FS ETF · PORTFOLIO EMG MK · MSCI EMR MKT ETF · S&P 600 SMCP VAL · SPDR MSCI USA GE · SPDR GLD MINIS · PORTFOLIO DEVLPD · PORTFOLIO S&P500 · PRTFLO S&P500 GW · SPDR S&P1500VL · RL EST SEL SEC · PORTFOLIO SH TSR | 0.86% | $250M | 4.84M |
| 12 | JPSTJP Morganhistory → | ULTRA SHRT INC | 0.67% | $195M | 3.90M |
| 13 | BNDVANGUARD BD INDEX FD INC | TOTAL BND MRKT · SHORT TRM BOND · INTERMED TERM · MTG-BKD SECS ETF · LONG TERM BOND · LONG TERM TREAS · TAX EXEMPT BD | 0.54% | $156M | 2.24M |
| 14 | VWOBVANGUARD WHITEHALL FDS INC | EM MK GOV BD ETF · HIGH DIV YLD | 0.46% | $135M | 2.20M |
| 15 | ESGVVANGUARD | ESG US STK ETF · ESG INTL STK ETF · MCAP GR IDXVIP · SHRT TRM CORP BD · INTL DVD ETF · SHORT TERM TREAS · SML CP GRW ETF · VANGUARD ULTRA · CONSUM STP ETF · EXTEND MKT ETF · MIDCP 400 GRTH · TT WRLD ST ETF · INTER TERM TREAS · INTL HIGH ETF · MEGA GRWTH IND · ALLWRLD EX US | 0.24% | $71M | 982.4K |
| 16 | VOTEEngine No 1history → | TRANSFRM 500 ETF | 0.14% | $40M | 899.1K |
| 17 | KOMPState Street Global Advisors Inchistory → | S&P KENSHO NEW | 0.13% | $38M | 972.5K |
| 18 | DFAUDimensional Fund Advisors | US CORE EQT MKT · WORLD EX US CORE · INTL CORE EQT MK · EMGR CRE EQT MNG · CORE FIXED INCOM · INTL CORE EQUITY · SHORT DURATION F · EMERGING MKTS CO · US REAL ESTATE E · US SMALL CAP VAL · INTERNATNAL VAL | 0.10% | $29M | 1.17M |
| 19 | GMOMCAMBRIA ETF TR | GLB MOMENT ETF · VALUE MOMENTUM · GLOBAL VALUE ETF · SHSHLD YIELD ETF · CAMBRIA FGN SHR · EMRG SHAREHLDR | 0.08% | $23M | 835.6K |
| 20 | DFACDimensional | US CORE EQUITY 2 · US EQUITY ETF · US TARGETED VLU · US SMALL CAP ETF | 0.06% | $18M | 725.2K |
| 21 | QQQInvesco | UNIT SER 1 · I EMRNG MKT SVRG · GBL LISTED PVT · OPTIMUM YIELD · NASDAQ 100 ETF · S&P500 EQL WGT · FTSE RAFI DEV | 0.06% | $17M | 496.6K |
| 22 | ESMLBlackRock Fund Advisorshistory → | ESG AWARE MSCI | 0.03% | $10M | 310.1K |
| 23 | COMBGraniteShares | BBG COMMD K 1 | 0.03% | $8M | 345.1K |
| 24 | GEMDGoldman Sachs Asset Management LP | ACCESS EMNG MKTS | 0.02% | $7M | 177.3K |
| 25 | XSOEWisdomTree | EM EX ST-OWNED · US LARGECAP FUND · YIELD ENHANCD US · INTL SMCAP DIV · US MIDCAP DIVID · US SMALLCAP FUND · EM LCL DEBT FD | 0.02% | $7M | 210.6K |
| 26 | LTPZPIMCO | 15+ YR US TIPS | 0.02% | $6M | 101.4K |
| 27 | XTRACKERS | XTRACK USD HIGH | 0.02% | $5M | 152.0K |
| 28 | WTMFWISDOMTREE TR | FUTRE STRAT FD · EMG MKTS SMCAP · WISDOMTREE US VA | 0.01% | $4M | 113.9K |
| 29 | VCITVANGUARD SCOTTSDALE FDS | INT-TERM CORP · LG-TERM COR BD | 0.01% | $3M | 40.6K |
| 30 | Impact Shares | NAACP MINO ETF | 0.01% | $3M | 99.3K |
| 31 | ANGLVan Eck | FALLEN ANGEL HG · OIL SERVICES ETF | 0.01% | $2M | 68.1K |
| 32 | FIXDFirst Trust Exchange-Traded Fund VIII | TCW OPPORTUNIS | 0.01% | $2M | 46.6K |
| 33 | UOCTInnovator Capital Management LLC | US EQTY ULTRA B · US EQTY PWR BUF · US EQTY BUF OCT · US EQTY ULTRA BU | 0.01% | $2M | 62.7K |
| 34 | VIGVANGUARD SPECIALIZED PORTFOL | DIV APP ETF | 0.01% | $2M | 11.4K |
| 35 | SDYSPDR | S&P DIVID ETF | 0.01% | $2M | 12.4K |
| 36 | INDEXIQ ETF TR | HEDGE MLTI ETF | 0.01% | $1M | 51.7K |
| 37 | SPYSPDR S&P 500 ETF TR | TR UNIT | 0.00% | $1M | 3.5K |
| 38 | ARKWArk ETF Trust | NEXT GNRTN INTER · INNOVATION ETF | 0.00% | $1M | 38.2K |
| 39 | VXUSVANGUARD STAR FD | VG TL INTL STK F | 0.00% | $1M | 24.3K |
| 40 | EMLCVANECK VECTORS TR | JP MRGAN EM LOC | 0.00% | $1M | 48.6K |
| 41 | Avantis | US SML CP VALU | 0.00% | $1M | 15.3K |
| 42 | VIOOVANGUARD ADMIRAL FDS INC | SMLLCP 600 IDX | 0.00% | $1M | 6.4K |
| 43 | BLDGCambria Funds | GBL REAL EST ETF | 0.00% | $1M | 39.8K |
| 44 | EA Series Trust | US QUAN VALUE · INTL QUAN VALUE · INTL QUAN MOMNTM | 0.00% | $1M | 38.1K |
| 45 | EMLPFIRST TR EXCHANGE TRADED FD | NO AMER ENERGY | 0.00% | $1M | 38.4K |
| 46 | XLESELECT SECTOR SPDR TR | ENERGY | 0.00% | $872,000 | 10.0K |
| 47 | RDVYFirst Trust | RISNG DIVD ACHIV | 0.00% | $861,000 | 19.6K |
| 48 | AVUSAMERICAN CENTY ETF TR | US EQT ETF | 0.00% | $839,000 | 12.3K |
| 49 | FNDASchwab | SCHWAB FDT US SC · SCHWB FDT EMK LG | 0.00% | $706,000 | 19.5K |
| 50 | SPUCSimplify Asset Management Inc | US EQT PLS UPSID · US EQT PLS CNVEX | 0.00% | $688,000 | 26.6K |
| 51 | HYDMARKET VECTORS ETF TR | HIGH YLD MUNIETF | 0.00% | $676,000 | 13.4K |
| 52 | AVDVAVANTIS INTL | INTL SMCP VLU | 0.00% | $603,000 | 10.9K |
| 53 | ETFS GOLD TR | PHYSCL GOLD SHS | 0.00% | $519,000 | 29.7K |
| 54 | JHMMJohn Hancock | MULTIFACTOR MI | 0.00% | $476,000 | 10.2K |
| 55 | Exchange Traded Concepts LLC | BITWISE CRYPTO | 0.00% | $443,000 | 130.8K |
| 56 | COWZPacer | US CASH COWS 100 | 0.00% | $342,000 | 7.4K |
| 57 | OMFLInvesco Capital Management LLC | RUSL 1000 DYNM | 0.00% | $305,000 | 7.1K |
| 58 | DBX ETF TR | XTRACK HRVST CSI | 0.00% | $298,000 | 10.6K |
| 59 | DBMFDynamic Beta Investments | IMGP DBI MANAGED | 0.00% | $288,000 | 9.9K |
| 60 | SCHOSchwab ETFs | SHT TM US TRES | 0.00% | $276,000 | 5.7K |
| 61 | PEXProShares | PRIV EQTY-LSTD | 0.00% | $263,000 | 10.1K |
| 62 | BAR1 GRANITESHARES GOLD TR | SHS BEN INT | 0.00% | $191,000 | 10.6K |
| 63 | BITOProshare Capital Management LLC | BITCOIN STRATE | 0.00% | $188,000 | 18.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $52.8B | 615 | May 14, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $52.5B | 551 | Feb 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $50.6B | 522 | Nov 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $47.0B | 497 | Aug 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $42.2B | 458 | May 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $41.9B | 444 | Feb 14, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $41.9B | 421 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $38.6B | 392 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $37.3B | 352 | May 10, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $34.7B | 313 | Feb 9, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $31.6B | 296 | Nov 9, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $32.3B | 281 | Aug 7, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $30.9B | 265 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $29.2B | 252 | Feb 13, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $28.0B | 223 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $28.0B | 223 | Aug 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $31.4B | 224 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $32.1B | 202 | Feb 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $29.9B | 184 | Nov 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $29.4B | 163 | Aug 10, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $23.9B | 125 | Feb 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $20.4B | 112 | Nov 10, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $18.8B | 115 | Aug 11, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $16.1B | 111 | May 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $19.4B | 112 | Jan 31, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $17.6B | 111 | Nov 7, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $17.6B | 111 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $16.5B | 109 | Apr 11, 2019 | 13F-HR | changes · 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 ↗.