SEC 13F Intelligence

Managers / Q1 2024 · view latest →

Betterment LLC

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

Reported Value
$37.3B
Q1 2024
Positions
352
Filings on Record
29
2019–present window
Filed
May 10, 2024
original filing

Summary

Betterment LLC reported $37.3B in U.S.-listed holdings across 352 positions for Q1 2024.

The portfolio is heavily concentrated: VTI alone accounts for 28.1% of reported value.

Compared with Q4 2023, the fund opened 52 new positions and exited 13.

Portfolio Metrics

Turnover
+11.1%
vs prior filed quarter
Top-10 Concentration
+96.2%
share of reported value
Largest Position
+28.1%
Vanguard Index Fds
New / Exited
52 / 13
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%Common Stock: 0.0%Other: 0.0%
  • ETP · 100.0% · $37.3B
  • Common Stock · 0.0% · $12M
  • Other · 0.0% · $222,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SPMDSPDR State Street Global AdvisorsNEW+14.52M14.52M+$775M$775M
DCORDimensional Fund Advisors LPNEW+102.0K102.0K+$6M$6M
BITBBitwise Asset Management IncNEW+76.8K76.8K+$3M$3M
HYDBISHARES TRNEW+61.1K61.1K+$3M$3M
BINCBlackRock Fund AdvisorsNEW+43.3K43.3K+$2M$2M
DFGXDimensional Fund Advisors LPNEW+40.6K40.6K+$2M$2M
GHYBGoldman SachsNEW+48.5K48.5K+$2M$2M
DGCBDimensional Fund Advisors LPNEW+37.8K37.8K+$2M$2M

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

Holdings — Q1 2024

96 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1VTIVANGUARD INDEX FDSTOTAL 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 ETF28.05%$10.5B45.73M
2AGGISHARES TRCORE US AGGBD ET · CORE S&P TTL STK · NATIONAL MUN ETF · CORE MSCI EAFE · JPMORGAN USD EMG · RUS MDCP VAL ETF · SHORT TREAS BD · RUS 2000 VAL ETF · S&P 500 VAL ETF · CORE INTL AGGR · CORE S&P500 ETF · IBOXX INV CP ETF · MBS ETF · CALIF MUN BD ETF · INVESTMENT GRADE · NEW YORK MUN ETF · ISHS 1-5YR INVS · 7-10 YR TRSY BD · S&P MC 400VL ETF · HIGH YLD SYSTM B · TIPS BD ETF · CORE S&P MCP ETF · CORE S&P SCP ETF · CORE 1 5 YR USD · INTRM GOV CR ETF · MSCI EAFE ETF · EAFE VALUE ETF · RUSSELL 2000 ETF · RUSSELL 3000 ETF · S&P 500 GRWT ETF · 3 7 YR TREAS BD · MSCI AC ASIA ETF · CORE S&P US GWT · RUS 1000 VAL ETF · RUS 1000 ETF · USD INV GRDE ETF · 10-20 YR TRS ETF · SP SMCP600VL ETF · ISHS 5-10YR INVT · IBOXX HI YD ETF · 20 YR TR BD ETF · EAFE SML CP ETF · PFD AND INCM SEC19.14%$7.1B71.78M
3VEAVANGUARD TAX MANAGED INTL FDhistory →VAN FTSE DEV MKT16.05%$6.0B119.21M
4SPYMSPDR State Street Global AdvisorsPORTFOLIO S&P500 · PORTFOLIO S&P400 · PORTFOLIO S&P600 · RTFLO S&P500 VL · SPDR S&P 500 ETF · MSCI EAFE FS ETF · MSCI EMR MKT ETF · PORTFOLIO DEVLPD · PORTFOLIO EMG MK · NUVEEN BLOOMBERG · SPDR MSCI USA GE · S&P 600 SMCP VAL · PORTFOLI S&P1500 · PRTFLO S&P500 GW · PORTFOLIO SHORT · MSCI EAFE STRTGC · PORTFLI HIGH YLD · SPDR GLD MINIS · BLACKSTONE SENR · PORTFOLIO AGRGTE · SBI INT-UTILS · MULT ASS RLRTN · SPDR TR TACTIC · INDL · PORTFOLIO SH TSR · BLOOMBERG INVT10.23%$3.8B70.73M
5VWOVANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF · GLB EX US ETF · FTSE SMCAP ETF7.17%$2.7B63.93M
6IEMGISHARES INCCORE MSCI EMKT · ESG AW MSCI EAFE · 0-5 YR TIPS ETF · ESG AWR MSCI USA · MSCI LW CRB TG · ESG AWR MSCI EM · USD GRN BOND ETF · MSCI KLD400 SOC · MSCI USA ESG SLC · ESG AWR US AGRGT · ESG AWRE USD ETF · FLTG RATE NT ETF · 0-5YR HI YL CP · EXPONENTIAL TECH · FALN ANGLS USD · TRS FLT RT BD · MSCI USA MMENTM · JP MRGN EM HI BD · BROAD USD HIGH · BLACKROCK SH DUR · MSCI USA QLT FCT · SHRT NAT MUN ETF · RUS TP200 GR ETF · BLACKROCK ULTRA · ESG ADV TTL USD · MSCI INTL MOMENT · MSCI INTL QUALTY · CORE MSCI TOTAL · RUS 1000 GRW ETF · EAFE GRWTH ETF · CORE TOTAL USD · RUS 2000 GRW ETF · CORE LT USDB ETF · MRGSTR MD CP GRW · MORNINGSTAR GRWT · U.S. TECH ETF · US TREAS BD ETF · CORE DIV GRWTH · ESG EAFE ETF · S&P MC 400GR ETF · MSCI EMRG CHN · ESG MSCI USA ETF · CRE U S REIT ETF · ESG AWRE 1 5 YR · RUS MID CAP ETF · MSCI USA VALUE · ISHARES · INTERNATIONAL SL · S&P SML 600 GWT · MSCI USA MIN VOL · RUS MD CP GR ETF · GNMA BOND ETF · CORE MSCI INTL5.29%$2.0B27.83M
7GBILGoldman SachsACCES TREASURY · ACTIVEBETA US LG · ACTIVEBETA INT · ACTIVEBETA EME · ACCESS US AGRAT · ACCESS INVT GR · ACCESS INFLATI · ACCESS HIG YLD3.48%$1.3B18.61M
8BNDXVANGUARD CHARLOTTE FDShistory →TOTAL INT BD ETF3.07%$1.1B23.26M
9SCHFSCHWAB STRATEGIC TRINTL EQTY ETF · US BRD MKT ETF · US LCAP VA ETF · US LRG CAP ETF · US REIT ETF · EMRG MKTEQ ETF · US LCAP GR ETF · US DIVIDEND EQ · US SML CAP ETF · SCHWB FDT INT LG · US MID-CAP ETF · US AGGREGATE B · US TIPS ETF2.86%$1.1B22.20M
10TFISPDR SERIES TRUSTNUVEEN BLMBRG MU · BLOOMBERG 1-3 MO · BLOOMBERG HIGH Y · ICE PFD SEC ETF · PORTFOLIO LN TSR · PORTFLI INTRMDIT · PORTFOLIO INTRMD0.89%$332M7.13M
11JPSTJP Morganhistory →ULTRA SHRT INC0.63%$236M4.69M
12DFAUDimensional Fund AdvisorsUS CORE EQT MKT · INTL CORE EQT MK · CORE FIXED INCOM · INTL CORE EQUITY · EMERGING MKTS CO · SHORT DURATION F · US LARGE CAP VAL · EMGR CRE EQT MNG · US CORE EQUITY 1 · WORLD EX US CORE · INTERNATNAL VAL · US REAL ESTATE E · GLOBAL EX US COR · GLOBAL CR ETF · INTL SMALL CAP E · EMERGING MKTS VA · US SMALL CAP VAL · US HIGH PROFITAB · GLOBAL REAL EST · EMERGING MKTS H · INTL SMALL CAP V · US SUSTAINABILTY · INTL HIGH PROFIT · NATL MUN BD ETF0.48%$179M5.55M
13BNDVANGUARD BD INDEX FD INCTOTAL BND MRKT · SHORT TRM BOND · INTERMED TERM · LONG TERM BOND · MTG-BKD SECS ETF · LONG TERM TREAS · TAX EXEMPT BD0.48%$177M2.52M
14VTIPVANGUARD MALVERN FDShistory →STRM INFPROIDX0.43%$160M3.34M
15VWOBVANGUARD WHITEHALL FDS INCEM MK GOV BD ETF · HIGH DIV YLD0.37%$137M2.13M
16ESGVVANGUARDESG US STK ETF · MCAP GR IDXVIP · INTL DVD ETF · SML CP GRW ETF · SHORT TERM TREAS · SHRT TRM CORP BD · TT WRLD ST ETF · LARGE CAP ETF · MEGA GRWTH IND · MIDCP 400 GRTH · EXTEND MKT ETF · ALLWRLD EX US · INTL HIGH ETF · INTER TERM TREAS · ESG INTL STK ETF · INF TECH ETF · MEGA CAP VAL ETF · SMLCP 600 VAL · MEGA CAP INDEX · VNG RUS1000IDX0.22%$81M745.2K
17DFACDimensionalUS CORE EQUITY 2 · US TARGETED VLU · US EQUITY ETF · US SMALL CAP ETF0.20%$73M2.10M
18KOMPState Street Global Advisors Inchistory →S&P KENSHO NEW0.19%$70M1.45M
19VOTEEngine No. 1history →TRANSFRM 500 ETF0.16%$60M975.7K
20QQQInvescoUNIT SER 1 · NASDAQ 100 ETF · EMRNG MKT SVRG · GBL LISTED PVT · S&P500 EQL WGT · S&P INTL MOMNT · OPTIMUM YIELD · S&P 500 MOMNTM · S&P 500 HB ETF · FTSE RAFI DEV · S&P SMLCP MOMENT · TOTAL RETURN0.07%$25M264.3K
21ESMLBlackRock Fund AdvisorsESG AWARE MSCI · FLEXIBLE INCOME · SHS0.06%$22M540.6K
22GMOMCAMBRIA ETF TRGLB MOMENT ETF · VALUE MOMENTUM · GLOBAL VALUE ETF · SHSHLD YIELD ETF · CAMBRIA FGN SHR · EMRG SHAREHLDR0.05%$20M682.1K
23VIGVANGUARD SPECIALIZED PORTFOLhistory →DIV APP ETF0.04%$15M81.7K
24VUSBVANGUARD BD INDEX FDShistory →VANGUARD ULTRA0.04%$13M264.2K
25GEMDGoldman Sachs Asset Management LPhistory →ACCESS EMNG MKTS0.03%$13M312.0K
26AvantisUS SML CP VALU0.03%$13M136.7K
27COMBGraniteShareshistory →BBG COMMD K 10.03%$10M505.4K
28XSOEWisdomTreeEM EX ST-OWNED · US LARGECAP FUND · YIELD ENHANCD US · INTL SMCAP DIV · US MIDCAP DIVID · US SMALLCAP FUND · ITL HDG QTLY DIV0.02%$9M249.1K
29XTRACKERSXTRACK USD HIGH0.02%$9M254.9K
30AVDVAVANTIS INTLINTL SMCP VLU0.02%$6M93.8K
31WTMFWISDOMTREE TRFUTRE STRAT FD · EMG MKTS SMCAP · WISDOMTREE US VA0.01%$4M105.3K
32ANGLVan EckFALLEN ANGEL HG · MRNGSTR WDE MOAT · OIL SERVICES ETF0.01%$4M98.5K
33AAPLAPPLE INCCOM0.01%$4M22.6K
34Impact SharesNAACP MINO ETF0.01%$4M97.4K
35FNDASchwabSCHWAB FDT US SC · SCHWB FDT EMK LG · SCHWAB FDT US LG0.01%$4M78.7K
36VCITVANGUARD SCOTTSDALE FDSINT-TERM CORP0.01%$3M40.9K
37SGOVWestern Asset Management Co0-3 MNTH TREASRY0.01%$3M31.8K
38SPYSPDR S&P 500 ETF TRTR UNIT0.01%$3M6.1K
39FIXDFirst Trust Exchange-Traded Fund VIIITCW OPPORTUNIS0.01%$3M71.8K
40BITBBitwise Asset Management IncSHS BEN INT0.01%$3M76.8K
41PFEBINNOVATOR ETFS TRUSTUS EQTY PWR BUF · US EQTY PWR BF0.01%$2M64.0K
42ARKWArk ETF TrustNEXT GNRTN INTER · INNOVATION ETF0.01%$2M27.8K
43EA Series TrustUS QUAN VALUE · FREEDOM 100 EM · INTL QUAN VALUE · INTL QUAN MOMNTM0.01%$2M57.6K
44VXUSVANGUARD STAR FDVG TL INTL STK F0.00%$2M30.9K
45VIOOVANGUARD ADMIRAL FDS INCSMLLCP 600 IDX0.00%$2M18.2K
46COWZPacerUS CASH COWS 100 · GLOBL CASH ETF0.00%$2M32.8K
47MSFTMICROSOFT CORPCOM0.00%$2M4.0K
48JCPBJ P MORGAN EXCHANGECORE PLUS BD ETF · BETABUILDRS US · EQUITY PREMIUM0.00%$2M27.2K
49UOCTInnovator Capital Management LLCUS EQTY ULTRA B · US EQTY PWR BUF · US EQTY BUF OCT0.00%$2M44.1K
50CGMSCapital Research and Management CoUS MULTI-SECTOR · SHS CREATION UNI0.00%$1M49.7K
51BONDPIMCO ETF TRACTIVE BD ETF · ENHAN SHRT MA AC0.00%$1M14.5K
52RDVYFirst TrustRISNG DIVD ACHIV · FIRST TR ENH NEW0.00%$1M23.1K
53HYDMARKET VECTORS ETF TRHIGH YLD MUNIETF0.00%$1M24.5K
54EMLPFIRST TR EXCHANGE TRADED FDNO AMER ENERGY0.00%$1M42.1K
55JHMMJohn HancockMULTIFACTOR MI0.00%$1M20.9K
56XLESELECT SECTOR SPDR TRENERGY0.00%$1M12.4K
57GLDSPDR GOLD TRUSTGOLD SHS0.00%$1M4.9K
58EMLCVANECK VECTORS TRJP MRGAN EM LOC0.00%$915,00037.3K
59AVUSAMERICAN CENTY ETFUS EQT ETF0.00%$865,0009.7K
60BLDGCambria FundsGBL REAL EST ETF0.00%$864,00035.2K
61FDLOFidelity InvestmentsLOW VOLITY ETF · TOTAL BD ETF0.00%$841,00016.5K
62INDEXIQ ETF TRHEDGE MLTI ETF0.00%$766,00024.8K
63Summit Global Investments LLCSGI US LARGE CAP0.00%$685,00020.6K
64TXNTEXAS INSTRS INCCOM0.00%$658,0003.8K
65LMTLOCKHEED MARTIN CORPCOM0.00%$650,0001.4K
66PULSPGIM ETF TRPGIM ULTRA SH BD0.00%$650,00013.1K
67HDHOME DEPOT INCCOM0.00%$568,0001.5K
68CMCSACOMCAST CORP NEWCL A0.00%$567,00013.1K
69MCDMCDONALDS CORPCOM0.00%$564,0002.0K
70PGPROCTER AND GAMBLE COCOM0.00%$541,0003.3K
71ETFS GOLD TRPHYSCL GOLD SHS0.00%$497,00023.4K
72SIVRABRDN SILVER ETF TRUSTPHYSCL SILVR SHS0.00%$479,00020.1K
73PACER FDS TRPACER US SMALL0.00%$473,0009.6K
74INTUINTUITCOM0.00%$456,000702
75EXMOCEXXON MOBIL CORPCOM0.00%$444,0003.8K
76SCHRSchwab ETFsINT-TRM U.S TRES0.00%$441,0009.0K
77IAUISHARES GOLD TRUSTISHARES NEW0.00%$441,00010.5K
78DBX ETF TRXTRACK HRVST CSI0.00%$370,00015.4K
79ABTABBOTT LABSCOM0.00%$362,0003.2K
80ABBVABBVIE INCCOM0.00%$344,0001.9K
81XLVHealthSBI HEALTHCARE0.00%$342,0002.3K
82HODLVaneck Digital Assets LLCSH BEN INT0.00%$324,0004.0K
83INTCINTEL CORPCOM0.00%$289,0006.6K
84GNTXGentex CorpCOM0.00%$282,0007.8K
85AMZNAMAZON COM INCCOM0.00%$280,0001.6K
86SPUCSimplify Asset Management IncUS EQT PLS UPSID0.00%$250,0006.4K
87DISDISNEY WALT COCOM0.00%$248,0002.0K
88GOOGALPHABET INCCAP STK CL C0.00%$248,0001.6K
89PEXProSharesPRIV EQTY-LSTD0.00%$241,0008.2K
90American Century Investment Management IncAVANTIS CORE FI0.00%$240,0005.8K
91VFHVANGUARD WORLD FDSFINANCIALS ETF0.00%$232,0002.3K
92BKLCBNY MELLON ETF TRUSTUS LRG CP CORE0.00%$225,0002.3K
93Clockwise Capital LLCCLOCKWISE CORE0.00%$222,0008.7K
94GWXSPDR INDEX SHS FDSS&P INTL SMLCP0.00%$220,0006.8K
95VTCVANGUARD SCOTTSDALE FDS TTOTAL CORP BND0.00%$204,0002.7K
96VCEBVANGUARD WORLD FDESG US CORP BD0.00%$203,0003.2K

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 ↗.