SEC 13F Intelligence

Managers / Q1 2025 · view latest →

Betterment LLC

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

Reported Value
$42.2B
Q1 2025
Positions
458
Filings on Record
29
2019–present window
Filed
May 15, 2025
original filing

Summary

Betterment LLC reported $42.2B in U.S.-listed holdings across 458 positions for Q1 2025.

The portfolio is heavily concentrated: VTI alone accounts for 23.1% of reported value.

Compared with Q4 2024, the fund opened 28 new positions and exited 14.

Portfolio Metrics

Turnover
+4.0%
vs prior filed quarter
Top-10 Concentration
+94.9%
share of reported value
Largest Position
+23.1%
Vanguard Index Fds
New / Exited
28 / 14
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: 99.9%Common Stock: 0.1%Other: 0.0%
  • ETP · 99.9% · $42.1B
  • Common Stock · 0.1% · $24M
  • Other · 0.0% · $253,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FWDAllianceBernstein LPNEW+188.6K188.6K+$13M$13M
VFMOVANGUARD WELLINGTON FDNEW+21.0K21.0K+$3M$3M
FETHFD Funds Management LLCNEW+58.5K58.5K+$1M$1M
VDEVANGUARD WORLD FDSNEW+4.9K4.9K+$635,000$635,000
QTECFirst TrustNEW+3.1K3.1K+$540,000$540,000
XLFSELECT SECTOR SPDR TRNEW+10.5K10.5K+$522,000$522,000
XLPSPDR State Street Global AdvisorsNEW+5.5K5.5K+$446,000$446,000
VONGVANGUARD INDEX FDSNEW+4.7K4.7K+$433,000$433,000

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

Holdings — Q1 2025

140 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 · MID CAP ETF · SMALL CP ETF · 500 GRTH IDX F · 500 VAL IDX FD · REAL ESTATE ETF · VNG RUS1000GRW · VNG RUS2000IDX23.07%$9.7B39.94M
2AGGISHARES TRCORE US AGGBD ET · NATIONAL MUN ETF · CORE S&P TTL STK · CORE MSCI EAFE · JPMORGAN USD EMG · RUS MDCP VAL ETF · SHORT TREAS BD · RUS 2000 VAL ETF · CORE S&P500 ETF · S&P 500 VAL ETF · CORE INTL AGGR · INVESTMENT GRADE · IBOXX INV CP ETF · 10+ YR INVST GRD · CALIF MUN BD ETF · HIGH YLD SYSTM B · NEW YORK MUN ETF · ISHS 1-5YR INVS · 7-10 YR TRSY BD · 20 YR TR BD ETF · 1 3 YR TREAS BD · ISHS 5-10YR INVT · CORE S&P SCP ETF · MBS ETF · S&P MC 400VL ETF · CORE S&P MCP ETF · INTRM GOV CR ETF · TIPS BD ETF · CORE 1 5 YR USD · MSCI EAFE ETF · RUSSELL 2000 ETF · RUS 1000 VAL ETF · 3 7 YR TREAS BD · EAFE VALUE ETF · S&P 500 GRWT ETF · IBOXX HI YD ETF · RUS 1000 ETF · MSCI AC ASIA ETF · CORE S&P US GWT · EAFE SML CP ETF · SP SMCP600VL ETF · 10-20 YR TRS ETF · MSCI EMG MKT ETF · RUSSELL 3000 ETF · CORE HIGH DV ETF18.73%$7.9B78.61M
3VEAVANGUARD TAX MANAGED INTL FDhistory →VAN FTSE DEV MKT16.16%$6.8B133.98M
4SPYMSPDR State Street Global AdvisorsPORTFOLIO S&P500 · PORTFOLIO S&P400 · PORTFOLIO S&P600 · PORTFOLIO DEVLPD · PRTFLO S&P500 VL · SPDR S&P 500 ETF · MSCI EAFE FS ETF · PORTFOLIO EMG MK · MSCI EMR MKT ETF · NUVEEN BLMBRG SH · NUVEEN BLOOMBERG · SPDR MSCI USA GE · PRTFLO S&P500 GW · PORTFOLI S&P1500 · PORTFOLIO SHORT · MSCI EAFE STRTGC · MULT ASS RLRTN · SBI INT-UTILS · BLACKSTONE SENR · PORTFOLIO SH TSR · SPDR GLD MINIS · S&P 600 SMCP VAL · PORTFOLIO AGRGTE · RL EST SEL SEC · SBI CONS STPLS · PORTFLO EURP ETF · PORTFLI HIGH YLD · INDL · PORTFLI TIPS ETF · SPDR TR TACTIC15.32%$6.5B113.90M
5VWOVANGUARD INTL EQUITY INDEX FFTSE EMR MKT ETF · GLB EX US ETF · FTSE SMCAP ETF6.01%$2.5B55.99M
6ESGUiSharesESG AWR MSCI USA · CORE MSCI EMKT · 0-5 YR TIPS ETF · ESG AW MSCI EAFE · MSCI LW CRB TG · ESG AWR MSCI EM · USD GRN BOND ETF · ESG AWR US AGRGT · FALN ANGLS USD · BROAD USD HIGH · ESG MSCI KLD 400 · ESG AWRE USD ETF · 0-5YR HI YL CP · MSCI USA ESG SLC · TRS FLT RT BD · FLTG RATE NT ETF · CORE MSCI EURO · JP MRGN EM HI BD · EXPONENTIAL TECH · SHORT MATURITY M · RUS TP200 GR ETF · SHRT NAT MUN ETF · MSCI JPN ETF NEW · SHORT DURATION B · CORE MSCI TOTAL · MSCI INTL MOMENT · RUS 1000 GRW ETF · MSCI USA QLT FCT · CORE TOTAL USD · MRGSTR MD CP GRW · S&P 100 ETF · ESG ADV TTL USD · MSCI INTL QUALTY · U S EQUITY FACTR · CORE LT USDB ETF · MSCI USA MMENTM · RUS 2000 GRW ETF · MSCI EMRG CHN · ULTRA SHORT-TERM · RUS MD CP GR ETF · MSCI USA VALUE · EAFE GRWTH ETF · ESG EAFE ETF · CRE U S REIT ETF · US TREAS BD ETF · CORE MSCI INTL · S&P MC 400GR ETF · RUS MID CAP ETF · CORE DIV GRWTH · S&P SML 600 GWT · U.S. TECH ETF · ESG MSCI USA ETF · ISHARES · GNMA BOND ETF · GLOBAL REIT ETF · ESG AWRE 1 5 YR5.36%$2.3B31.75M
7GSLCGoldman SachsACTIVEBETA US LG · ACCES TREASURY · ACTIVEBETA INT · ACTIVEBETA EUR · ACCESS INVT GR · ACTIVEBETA EME · ACTIVEBETA JAP · ACCESS US AGRAT · ACCESS HIG YLD · ACCESS INFLATI · COM3.87%$1.6B23.23M
8SCHFSCHWAB STRATEGIC TRINTL EQTY ETF · US BRD MKT ETF · US LRG CAP ETF · US LCAP VA ETF · US SML CAP ETF · US REIT ETF · US LCAP GR ETF · US MID-CAP ETF · US DIVIDEND EQ · EMRG MKTEQ ETF · FUNDAMENTAL INTL · US TIPS ETF3.11%$1.3B61.07M
9BNDXVANGUARD CHARLOTTE FDShistory →TOTAL INT BD ETF2.13%$896M18.36M
10JPSTJP Morganhistory →ULTRA SHRT ETF1.10%$465M9.19M
11TFISPDR SERIES TRUSTNUVEEN BLMBRG MU · PORTFOLIO LN TSR · BLOOMBERG HIGH Y · BLOOMBERG 1-3 MO · ICE PFD SEC ETF · PORTFLI INTRMDIT1.00%$423M9.40M
12DFAUDimensional Fund AdvisorsUS CORE EQT MKT · INTL CORE EQUITY · CORE FIXED INCOM · INTL CORE EQT MK · EMERGING MKTS CO · US CORE EQUITY 1 · US LARGE CAP VAL · SHORT DURATION F · EMGR CRE EQT MNG · US SMALL CAP VAL · INTL SMALL CAP V · WORLD EX US CORE · GLOBAL CR ETF · US REAL ESTATE E · EMERGING MKTS VA · INTERNATNAL VAL · GLOBAL EX US COR · GLOBAL CORE PLUS · US SUSTAINABILTY · US HIGH PROFITAB · INTL SMALL CAP E · GLOBAL REAL EST · INTERNATIONAL · GLOBAL SUSTAINA · EMERGING MKTS HI · ULTRASHORT FIXED · INTL HIGH PROFIT · EMERGING MARKETS · WORLD EQUITY ETF · NATL MUN BD ETF · US MKTWIDE VALUE · INFLATION PROTE0.76%$320M9.54M
13BNDVANGUARD BD INDEX FD INCTOTAL BND MRKT · SHORT TRM BOND · LONG TERM TREAS · INTERMED TERM · LONG TERM BOND · MTG-BKD SECS ETF · TAX EXEMPT BD0.58%$243M3.49M
14ESGVVANGUARDESG US STK ETF · LARGE CAP ETF · MCAP GR IDXVIP · INTL DVD ETF · SHORT TERM TREAS · SML CP GRW ETF · SHRT TRM CORP BD · TT WRLD ST ETF · ALLWRLD EX US · INTER TERM TREAS · EXTEND MKT ETF · ESG INTL STK ETF · MEGA GRWTH IND · INTL HIGH ETF · INF TECH ETF · MIDCP 400 GRTH · SMLCP 600 VAL · CONSUM STP ETF · MEGA CAP INDEX · MEGA CAP VAL ETF · HEALTH CAR ETF0.30%$128M1.10M
15ESMLBlackRock Fund AdvisorsESG AWARE MSCI · SHS BEN INT0.27%$113M3.19M
16VWOBVANGUARD WHITEHALL FDS INCEM MK GOV BD ETF · HIGH DIV YLD0.26%$109M1.68M
17DFACDimensionalUS CORE EQUITY 2 · US TARGETED VLU · US EQUITY MARKET · US SMALL CAP ETF0.25%$107M2.97M
18VTIPVANGUARD MALVERN FDShistory →STRM INFPROIDX0.24%$101M2.02M
19VOTEEngine No. 1history →TRANSFRM 500 ETF0.20%$86M1.32M
20KOMPState Street Global Advisors Inchistory →S&P KENSHO NEW0.20%$82M1.77M
21QQQInvescoUNIT SER 1 · S&P 500 MOMNTM · VAR RATE INVT · S&P SMLCP MOMENT · EMRNG MKT SVRG · TOTAL RETURN · S&P500 EQL WGT · GBL LISTED PVT · S&P INTL MOMNT · S&P500 QUALITY · OPTIMUM YIELD · RAFI DVLPD MRKTS · S&P 500 HB ETF · LARGE CAP VALUE · S&P MDCP MOMNTUM0.11%$48M299.1K
22JPIEJP Morgan Investment Management IncSUSTAINABLE MUNI · INCOME ETF0.09%$37M746.5K
23VIGVANGUARD SPECIALIZED PORTFOLhistory →DIV APP ETF0.06%$26M133.1K
24CGMSCapital Research and Management CoUS MULTI-SECTOR · SHORT DURATION M · SHS CREATION UNI · MUNICIPAL INCOME · MUNICIPAL HIGH I0.06%$24M843.3K
25Summit Global Investments LLCSGI ENHANCED COR · SGI US LARGE CAP · SGI ENHANCED GLB · SGI ENHANCED NAS · SGI DIVERSI TAC0.05%$22M842.5K
26GEMDGoldman Sachs Asset Management LPACCESS EMNG MKTS · S&P 500 CORE PRE0.05%$20M497.4K
27GMOMCAMBRIA ETF TRGLB MOMENT ETF · GLOBAL VALUE ETF · VALUE MOMENTUM · SHSHLD YIELD ETF · CAMBRIA FGN SHR · EMRG SHAREHLDR0.04%$19M636.3K
28JUSTGOLDMAN SACHS ETF TRJUST US LRG CP · ULTRA SHORT BOND0.04%$16M228.3K
29AvantisUS SML CP VALU0.03%$14M164.6K
30VUSBVANGUARD BD INDEX FDShistory →VANGUARD ULTRA0.03%$13M268.2K
31FWDAllianceBernstein LPhistory →DISRUPTORS ETF0.03%$13M188.6K
32XSOEWisdomTreeEM EX ST-OWNED · US LARGECAP FUND · YIELD ENHANCD US · INTL SMCAP DIV · US MIDCAP DIVID · US SMALLCAP FUND · EM LCL DEBT FD · US HGH YLD CORP0.03%$13M326.9K
33AAPLN/ACOM · CAP STK CL C · CL B NEW · COM NEW0.03%$12M55.3K
34COMBGraniteShareshistory →BBG COMMD K 10.03%$12M532.6K
35MOATVan EckMRNGSTR WDE MOAT · FALLEN ANGEL HG · IG FLOATING RATE · SEMICONDUCTR ETF0.03%$11M214.3K
36QQQMINVESCO EXCH TRADED FD TRhistory →NASDAQ 100 ETF0.03%$11M55.1K
37XTRACKERSXTRACK USD HIGH0.02%$10M286.8K
38SPYSPDR S&P 500 ETF TRTR UNIT0.02%$8M14.5K
39AVDVAVANTIS INTLINTL SMCP VLU0.02%$7M106.4K
40AVUSAMERICAN CENTY ETF TRUS EQT ETF · INTL EQT ETF · AVANTIS EMGMKT0.02%$7M82.3K
41FBNDFidelity InvestmentsTOTAL BD ETF · LOW VOLITY ETF · HIGH DIVID ETF0.01%$5M111.4K
42BITBBitwise Asset Management IncSHS BEN INT0.01%$5M153.7K
43JCPBJ P MORGAN EXCHANGE TRADEDCORE PLUS BD ETF · EQUITY PREMIUM · BETABUILDRS US · US QUALTY FCTR0.01%$5M87.3K
44RDVYFirst TrustRISNG DIVD ACHIV · SHS · SENIOR LN FD · TECH ALPHADEX · FST LOW OPPT EFT · FIRST TR TA HIYL0.01%$4M73.1K
45Impact SharesNAACP MINO ETF0.01%$4M102.9K
46VNLAJanusHENDRSN SHRT ETF0.01%$4M77.4K
47VIOOVANGUARD ADMIRAL FDS INCSMLLCP 600 IDX · MIDCP 400 IDX0.01%$3M35.2K
48WTMFWISDOMTREE TRFUTRE STRAT FD · EMG MKTS SMCAP · WISDOMTREE US VA0.01%$3M86.7K
49SGOVWestern Asset Management Co0-3 MNTH TREASRY0.01%$3M32.3K
50VFMOVANGUARD WELLINGTON FDUS MOMENTUM0.01%$3M21.0K
51FIXDFirst Trust Exchange-Traded Fund VIIITCW OPPORTUNIS0.01%$3M72.0K
52VXUSVANGUARD STAR FDVG TL INTL STK F0.01%$3M49.5K
53AVGEAmerican Century Investment Management IncAVANTIS ALL EQT · AVANTIS CORE FI · EMERGING MKT VAL0.01%$3M51.1K
54VCITVANGUARD SCOTTSDALE FDSINT-TERM CORP · TOTAL CORP BND0.01%$3M36.5K
55HYDMARKET VECTORS ETF TRHIGH YLD MUNIETF0.01%$3M56.9K
56COWZPacerUS CASH COWS 1000.01%$3M52.9K
57FNDASchwabFUNDAMENTAL US S · FUNDAMENTAL EMER · FUNDAMENTAL US L0.01%$3M92.3K
58EMLPFIRST TR EXCHANGE TRADED FDNO AMER ENERGY · SMID RISNG ETF0.01%$2M64.7K
59DYNFBLACKROCK ETF TRUSTISHARES US EQUIT0.00%$2M41.9K
60Empowered Funds LLCSTRIVE 500 ETF0.00%$2M48.2K
61FETHFD Funds Management LLCSHS0.00%$2M66.7K
62SCHRSchwab ETFsINT-TRM U.S TRES0.00%$2M63.6K
63GLDSPDR GOLD TRUSTGOLD SHS0.00%$2M5.5K
64PULSPGIM ETF TRPGIM ULTRA SH BD0.00%$2M31.1K
65BNDWVanguard Total World Bond ETFTOTAL WLD BD ETF0.00%$1M20.2K
66F/m Investments LLCUS TREAS 3 MNTH0.00%$1M25.6K
67DBX ETF TRXTRACK HRVST CSI · XTRACK MSCI EAFE · XTRACKERS MSCI0.00%$1M35.1K
68XLESELECT SECTOR SPDR TRENERGY · FINANCIAL0.00%$1M18.6K
69ARKWArk ETF TrustNEXT GNRTN INTER · INNOVATION ETF0.00%$1M16.4K
70JHMMJohn HancockMULTIFACTOR MI0.00%$1M21.8K
71UOCTInnovator Capital Management LLCUS EQTY ULTRA B · US EQTY PWR BUF0.00%$1M29.1K
72JAAAJANUS DETROIT STR TRHENDRSON AAA CL0.00%$1M20.1K
73EMLCVANECK VECTORS TRJP MRGAN EM LOC0.00%$900,00037.7K
74Vertical Capital Asset Management LLCVERT GLB SUST RE0.00%$899,00088.7K
75PFEBINNOVATOR ETFS TRUSTUS EQTY PWR BUF0.00%$898,00023.5K
76Toroso Investments LLC ETFs/USAACADEMY VETERAN0.00%$874,00043.6K
77NVDANVIDIA CORPORATIONCOM0.00%$868,0008.0K
78BONDPIMCO ETF TRACTIVE BD ETF · ENHAN SHRT MA AC0.00%$841,0008.9K
79BLDGCambria FundsGBL REAL EST ETF0.00%$829,00034.6K
80CTASimplify Asset Management IncMANAGED FUTURES · HEDGED EQUITY0.00%$812,00027.7K
81XLVHealthSBI HEALTHCARE0.00%$804,0005.5K
82NUSCNuveenNUVEEN ESG SMLCP · NUVEEN ESG MIDVL0.00%$749,00020.2K
83GOOGLALPHABET INCCAP STK CL A0.00%$745,0004.8K
84PGPROCTER AND GAMBLE COCOM0.00%$743,0004.4K
85XLKSPDRTECHNOLOGY · UTSER1 S&PDCRP0.00%$719,0002.5K
86TXNTEXAS INSTRS INCCOM0.00%$712,0004.0K
87VDEVANGUARD WORLD FDSENERGY ETF0.00%$635,0004.9K
88SIVRABRDN SILVER ETF TRUSTPHYSCL SILVR SHS0.00%$632,00019.4K
89BKLCBNY MELLON ETF TRUSTUS LRG CP CORE0.00%$631,0005.9K
90WMTWALMART INCCOM0.00%$613,0007.0K
91ETFS GOLD TRPHYSCL GOLD SHS0.00%$609,00020.4K
92USTBVICTORY PORTFOLIOS IISHORT TRM BD ETF · CORE INTERMEDIAT0.00%$597,00012.2K
93AZOAUTOZONE INCCOM0.00%$587,000154
94HDHOME DEPOT INCCOM0.00%$567,0001.5K
95JP Morgan Investment Management Inc/SingaporeNASDAQ EQT PREM0.00%$556,00010.7K
96INDEXIQ ETF TRNYLI HEDGE MULTI0.00%$551,00017.6K
97IAUISHARES GOLD TRUSTISHARES NEW0.00%$548,0009.3K
98GUNRFlexshares TrustMORNSTAR UPSTR · IBOXX 5YR TRGT0.00%$535,00017.3K
99MAMASTERCARD INCORPORATEDCL A0.00%$487,000889
100NOBLProSharesS&P 500 DV ARIST · PRIV EQTY-LSTD0.00%$487,00010.8K

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 ↗.