Managers / Q2 2023 · view latest →
Betterment LLC
CIK 0001633901 · 450 WEST 33RD STREET, FL 11, NEW YORK, NY, 10001 · 212-228-1328
Reported Value
$32.3B
Q2 2023
Positions
281
Filings on Record
29
2019–present window
Filed
Aug 7, 2023
original filing
Summary
Betterment LLC reported $32.3B in U.S.-listed holdings across 281 positions for Q2 2023.
The portfolio is heavily concentrated: VTI alone accounts for 34.8% of reported value.
Compared with Q1 2023, the fund opened 26 new positions and exited 10.
Portfolio Metrics
Turnover
+0.7%
vs prior filed quarter
Top-10 Concentration
+96.4%
share of reported value
Largest Position
+34.8%
Vanguard Index Fds
New / Exited
26 / 10
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% · $32.3B
- Other · 0.0% · $1M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| PFFISHARES TR | NEW | +32.5K | 32.5K | +$1M | $1M |
| GLDSPDR GOLD TRUST | NEW | +4.6K | 4.6K | +$828,000 | $828,000 |
| IWFiShares | NEW | +1.6K | 1.6K | +$429,000 | $429,000 |
| DGROiShares | NEW | +8.1K | 8.1K | +$419,000 | $419,000 |
| HYMBSPDR State Street Global Advisors | NEW | +15.9K | 15.9K | +$398,000 | $398,000 |
| SIVRABRDN SILVER ETF TRUST | NEW | +17.8K | 17.8K | +$389,000 | $389,000 |
| JEPIJ P MORGAN EXCHANGE TRADED F | NEW | +6.9K | 6.9K | +$384,000 | $384,000 |
| VONEVanguard | NEW | +1.9K | 1.9K | +$377,000 | $377,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2023
70 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 VAL IDX FD · 500 GRTH IDX F · REAL ESTATE ETF · MID CAP ETF | 34.82% | $11.2B | 61.09M |
| 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 · IBOXX INV CP ETF · 7-10 YR TRSY BD · S&P MC 400VL ETF · NEW YORK MUN ETF · CALIF MUN BD ETF · ISHS 1-5YR INVS · CORE S&P500 ETF · 20 YR TR BD ETF · TIPS BD ETF · CORE 1 5 YR USD · 1 3 YR TREAS BD · CORE S&P SCP ETF · CORE S&P MCP ETF · CORE INTL AGGR · INTRM GOV CR ETF · 3 7 YR TREAS BD · PFD AND INCM SEC · RUSSELL 3000 ETF · MSCI EAFE ETF · S&P 500 GRWT ETF · 10-20 YR TRS ETF · USD INV GRDE ETF · MSCI AC ASIA ETF · CORE S&P US GWT · RUS 1000 VAL ETF · EAFE VALUE ETF · 10+ YR INVST GRD · RUSSELL 2000 ETF · IBOXX HI YD ETF · RUS 1000 ETF | 17.87% | $5.8B | 61.70M |
| 3 | VEAVANGUARD TAX MANAGED INTL FDhistory → | VAN FTSE DEV MKT | 15.07% | $4.9B | 105.29M |
| 4 | VWOVANGUARD INTL EQUITY INDEX F | FTSE EMR MKT ETF · GLB EX US ETF · FTSE SMCAP ETF | 9.48% | $3.1B | 75.19M |
| 5 | BNDXVANGUARD CHARLOTTE FDShistory → | TOTAL INT BD ETF | 5.52% | $1.8B | 36.44M |
| 6 | IEMGISHARES INC | CORE MSCI EMKT · ESG AW MSCI EAFE · ESG AWR MSCI USA · 0-5 YR TIPS ETF · MSCI LW CRB TG · ESG AWR MSCI EM · MSCI KLD400 SOC · USD GRN BOND ETF · MSCI USA ESG SLC · ESG AWR US AGRGT · FLTG RATE NT ETF · ESG AWRE USD ETF · FALN ANGLS USD · 0-5YR HI YL CP · BLACKROCK ST MAT · JP MRGN EM HI BD · BROAD USD HIGH · MSCI USA MMENTM · ESG ADV TTL USD · MSCI USA QLT FCT · MSCI INTL MOMENT · CORE MSCI TOTAL · CORE LT USDB ETF · MSCI INTL QUALTY · MSCI USA MIN VOL · RUS 2000 GRW ETF · CORE TOTAL USD · US TREAS BD ETF · RUS 1000 GRW ETF · CORE DIV GRWTH · MSCI USA VALUE · EAFE GRWTH ETF · ESG EAFE ETF · SHRT NAT MUN ETF · ESG MSCI USA ETF · CRE U S REIT ETF · RUS TP200 GR ETF · U.S. TECH ETF · ESG AWRE 1 5 YR · MSCI GBL ETF NEW · CORE S&P US VLU · RUS MID CAP ETF · GLOBAL REIT ETF · BLACKROCK ULTRA · S&P 100 ETF | 5.24% | $1.7B | 26.16M |
| 7 | GBILGoldman Sachs | ACCES TREASURY · ACTIVEBETA US LG · ACTIVEBETA INT · ACTIVEBETA EME · ACCESS US AGRAT · ACCESS INVT GR · ACCESS INFLATI | 3.30% | $1.1B | 15.99M |
| 8 | 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 DIVIDEND EQ · US LCAP GR ETF · US TIPS ETF · SCHWB FDT INT LG · US SML CAP ETF · US AGGREGATE B · US MID-CAP ETF | 3.25% | $1.0B | 24.76M |
| 9 | EFAXSPDR State Street Global Advisors | PRTFLO S&P500 VL · SPDR S&P 500 ETF · MSCI EAFE FS ETF · MSCI EMR MKT ETF · PORTFOLIO EMG MK · S&P 600 SMCP VAL · SPDR MSCI USA GE · PORTFOLIO DEVLPD · PORTFOLIO S&P500 · PRTFLO S&P500 GW · SPDR GLD MINIS · NUVEEN BLOOMBERG · MSCI EAFE STRTGC · PORTFOLIO SHORT · SBI INT-UTILS · RL EST SEL SEC | 0.96% | $309M | 7.89M |
| 10 | VTIPVANGUARD MALVERN FDShistory → | STRM INFPROIDX | 0.93% | $299M | 6.30M |
| 11 | TFISPDR SERIES TRUST | NUVEEN BLMBRG MU · BLOOMBERG 1-3 MO · PORTFOLIO INTRMD · BLOOMBERG HIGH Y · PORTFOLIO LN TSR | 0.84% | $273M | 5.90M |
| 12 | JPSTJP Morganhistory → | ULTRA SHRT INC | 0.57% | $184M | 3.68M |
| 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 | 0.52% | $166M | 2.36M |
| 14 | VWOBVANGUARD WHITEHALL FDS INC | EM MK GOV BD ETF · HIGH DIV YLD | 0.41% | $132M | 2.10M |
| 15 | DFAUDimensional Fund Advisors | US CORE EQT MKT · INTL CORE EQT MK · CORE FIXED INCOM · WORLD EX US CORE · EMGR CRE EQT MNG · INTL CORE EQUITY · SHORT DURATION F · EMERGING MKTS CO · US REAL ESTATE E · INTL SMALL CAP E · US SMALL CAP VAL · INTERNATNAL VAL · US HIGH PROFITAB · EMERGING MKTS HI · EMERGING MKTS VA · US MKTWIDE VALUE · INTL SMALL CAP V · INTL HIGH PROFIT | 0.20% | $65M | 2.26M |
| 16 | ESGVVANGUARD | ESG US STK ETF · MCAP GR IDXVIP · INTL DVD ETF · SML CP GRW ETF · SHRT TRM CORP BD · SHORT TERM TREAS · CONSUM STP ETF · EXTEND MKT ETF · MIDCP 400 GRTH · ALLWRLD EX US · TT WRLD ST ETF · MEGA GRWTH IND · ESG INTL STK ETF · INTL HIGH ETF · INTER TERM TREAS · VNG RUS1000IDX · MEGA CAP VAL ETF · HEALTH CAR ETF | 0.19% | $61M | 671.4K |
| 17 | KOMPState Street Global Advisors Inchistory → | S&P KENSHO NEW | 0.16% | $52M | 1.18M |
| 18 | VOTEEngine No. 1history → | TRANSFRM 500 ETF | 0.15% | $49M | 956.6K |
| 19 | DFACDimensional | US CORE EQUITY 2 · US TARGETED VLU · US EQUITY ETF · US SMALL CAP ETF | 0.09% | $28M | 988.5K |
| 20 | QQQInvesco | UNIT SER 1 · EMRNG MKT SVRG · GBL LISTED PVT · S&P500 EQL WGT · OPTIMUM YIELD · FTSE RAFI DEV · S&P 500 HB ETF · S&P INTL MOMNT · S&P 500 MOMNTM | 0.07% | $21M | 488.9K |
| 21 | GMOMCAMBRIA ETF TR | GLB MOMENT ETF · VALUE MOMENTUM · GLOBAL VALUE ETF · SHSHLD YIELD ETF · CAMBRIA FGN SHR · EMRG SHAREHLDR | 0.07% | $21M | 765.9K |
| 22 | ESMLBlackRock Fund Advisorshistory → | ESG AWARE MSCI | 0.05% | $15M | 429.5K |
| 23 | GEMDGoldman Sachs Asset Management LP | ACCESS EMNG MKTS | 0.03% | $9M | 233.0K |
| 24 | COMBGraniteShares | BBG COMMD K 1 | 0.03% | $8M | 407.8K |
| 25 | XSOEWisdomTree | EM EX ST-OWNED · US LARGECAP FUND · YIELD ENHANCD US · INTL SMCAP DIV · US MIDCAP DIVID · US SMALLCAP FUND | 0.02% | $7M | 215.4K |
| 26 | XTRACKERS | XTRACK USD HIGH | 0.02% | $6M | 169.9K |
| 27 | WTMFWISDOMTREE TR | FUTRE STRAT FD · EMG MKTS SMCAP · WISDOMTREE US VA | 0.01% | $4M | 116.0K |
| 28 | FNDASchwab | SCHWAB FDT US SC · SCHWB FDT EMK LG | 0.01% | $4M | 81.2K |
| 29 | VCITVANGUARD SCOTTSDALE FDS | INT-TERM CORP · LG-TERM COR BD | 0.01% | $3M | 40.9K |
| 30 | Impact Shares | NAACP MINO ETF | 0.01% | $3M | 99.5K |
| 31 | SGOVWestern Asset Management Co | 0-3 MNTH TREASRY | 0.01% | $3M | 30.6K |
| 32 | ANGLVan Eck | FALLEN ANGEL HG · OIL SERVICES ETF | 0.01% | $3M | 76.9K |
| 33 | FIXDFirst Trust Exchange-Traded Fund VIII | TCW OPPORTUNIS | 0.01% | $2M | 52.3K |
| 34 | ARKWArk ETF Trust | NEXT GNRTN INTER · INNOVATION ETF | 0.01% | $2M | 44.1K |
| 35 | VIGVANGUARD SPECIALIZED PORTFOL | DIV APP ETF | 0.01% | $2M | 12.3K |
| 36 | Avantis | US SML CP VALU | 0.01% | $2M | 24.6K |
| 37 | INDEXIQ ETF TR | HEDGE MLTI ETF | 0.01% | $2M | 58.1K |
| 38 | VXUSVANGUARD STAR FD | VG TL INTL STK F | 0.00% | $1M | 26.1K |
| 39 | PFEBINNOVATOR ETFS TR | US EQTY PWR BUF | 0.00% | $1M | 43.6K |
| 40 | UOCTInnovator Capital Management LLC | US EQTY ULTRA B · US EQTY PWR BUF · US EQTY BUF OCT | 0.00% | $1M | 42.1K |
| 41 | VIOOVANGUARD ADMIRAL FDS INC | SMLLCP 600 IDX | 0.00% | $1M | 13.7K |
| 42 | EA Series Trust | US QUAN VALUE · INTL QUAN VALUE · INTL QUAN MOMNTM | 0.00% | $1M | 44.5K |
| 43 | SPYSPDR S&P 500 ETF TR | TR UNIT | 0.00% | $1M | 2.7K |
| 44 | EMLCVANECK VECTORS TR | JP MRGAN EM LOC | 0.00% | $1M | 44.6K |
| 45 | EMLPFIRST TR EXCHANGE TRADED FD | NO AMER ENERGY | 0.00% | $1M | 41.0K |
| 46 | AVUSAMERICAN CENTY ETF TR | US EQT ETF | 0.00% | $1M | 14.0K |
| 47 | Exchange Traded Concepts LLC | BITWISE CRYPTO | 0.00% | $1M | 126.7K |
| 48 | XLESELECT SECTOR SPDR TR | ENERGY | 0.00% | $871,000 | 10.7K |
| 49 | RDVYFirst Trust | RISNG DIVD ACHIV | 0.00% | $866,000 | 18.4K |
| 50 | AVDVAVANTIS INTL | INTL SMCP VLU | 0.00% | $862,000 | 15.0K |
| 51 | GLDSPDR GOLD TRUST | GOLD SHS | 0.00% | $828,000 | 4.6K |
| 52 | BLDGCambria Funds | GBL REAL EST ETF | 0.00% | $828,000 | 34.6K |
| 53 | BONDPIMCO ETF TR | ACTIVE BD ETF · ENHAN SHRT MA AC | 0.00% | $696,000 | 7.4K |
| 54 | HYDMARKET VECTORS ETF TR | HIGH YLD MUNIETF | 0.00% | $690,000 | 13.4K |
| 55 | COWZPacer | US CASH COWS 100 | 0.00% | $629,000 | 13.1K |
| 56 | JEPIJ P MORGAN EXCHANGE TRADED F | EQUITY PREMIUM · SHORT DURA CORE | 0.00% | $603,000 | 11.7K |
| 57 | VUSBVANGUARD BD INDEX FDS | VANGUARD ULTRA | 0.00% | $588,000 | 12.0K |
| 58 | JHMMJohn Hancock | MULTIFACTOR MI | 0.00% | $580,000 | 11.7K |
| 59 | SCHRSchwab ETFs | INT-TRM U.S TRES · SHT TM US TRES | 0.00% | $567,000 | 11.7K |
| 60 | QQQMINVESCO EXCH TRADED FD TR II | NASDAQ 100 ETF | 0.00% | $545,000 | 3.6K |
| 61 | ETFS GOLD TR | PHYSCL GOLD SHS | 0.00% | $510,000 | 27.8K |
| 62 | Legg Mason | FRANKLIN US LOW | 0.00% | $395,000 | 10.8K |
| 63 | SIVRABRDN SILVER ETF TRUST | PHYSCL SILVR SHS | 0.00% | $389,000 | 17.8K |
| 64 | BITOProshare Capital Management LLC | BITCOIN STRATE | 0.00% | $350,000 | 20.6K |
| 65 | DBX ETF TR | XTRACK HRVST CSI | 0.00% | $319,000 | 11.9K |
| 66 | IAUISHARES GOLD TRUST | ISHARES NEW | 0.00% | $275,000 | 7.6K |
| 67 | GUNRFlexshares Trust | MORNSTAR UPSTR | 0.00% | $274,000 | 6.8K |
| 68 | PEXProShares | PRIV EQTY-LSTD | 0.00% | $262,000 | 9.5K |
| 69 | SPUCSimplify Asset Management Inc | US EQT PLS UPSID | 0.00% | $237,000 | 7.7K |
| 70 | OMFLInvesco Capital Management LLC | RUSL 1000 DYNM | 0.00% | $222,000 | 4.5K |
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 ↗.