Skip to main content

Betterment LLC

SEC CIK
0001633901
Latest filing
Aug 14, 2026

Holdings in Q1 2023

Holdings as of Mar 31, 2023, filed May 15, 2023. Long positions only; changes compare share counts with Q4 2022.

Institution overview
Positions
265
+13 vs. Q4 2022
Portfolio value
$30.9B
+$1.73B (+5.9%) vs. Q4 2022
Filed
May 15, 2023
SEC
Holdings of Betterment LLC in Q1 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
Vanguard Morningstar Total Stock Market ETF922908769ETF29,389,347$6.00B19.4%+541,820+1.9%Added–
Vanguard Ftse Developed Markets ETF921943858ETF103,656,682$4.68B15.2%−302,824−0.3%Reduced–
Vanguard Ftse Emerging Markets ETF922042858ETF72,563,778$2.93B9.5%+787,088+1.1%Added–
Vanguard Total International Bond ETF92203J407ETF35,439,902$1.73B5.6%+857,265+2.5%Added–
Vanguard Morningstar Value ETF922908744ETF12,215,873$1.69B5.5%+129,128+1.1%Added–
Vanguard Morningstar Mid-Cap Value ETF922908512ETF10,188,342$1.37B4.4%+194,936+2.0%Added–
iShares Tr464287150CORE S&P TTL STK13,835,940$1.25B4.1%+227,491+1.7%Added–
Vanguard Morningstar Small-Cap Value ETF922908611ETF7,665,277$1.22B3.9%+206,035+2.8%Added–
iShares Tr464288414NATIONAL MUN ETF9,750,254$1.05B3.4%+82,033+0.8%Added–
iShares Core MSCI Eafe ETF46432F842ETF12,425,373$830.6M2.7%+123,730+1.0%Added–
iShares Tr464288281JPMORGAN USD EMG9,604,411$828.7M2.7%+378,773+4.1%Added–
iShares Core U.S. Aggregate Bond ETF464287226ETF8,307,455$827.8M2.7%+384,936+4.9%Added–
Schwab International Equity ETF808524805ETF15,661,797$545.0M1.8%−727,092−4.4%Reduced–
Goldman Sachs ETF Tr381430529ACCES TREASURY5,259,257$526.7M1.7%+268,450+5.4%Added–
iShares Core MSCI Emerging Markets ETF46434G103ETF10,347,209$504.8M1.6%+601,473+6.2%Added–
Vanguard Malvern FDS922020805STRM INFPROIDX7,230,078$345.7M1.1%−1,008,955−12.2%Reduced–
Schwab U.S. Broad Market ETF808524102ETF7,114,397$340.4M1.1%−126,967−1.8%Reduced–
iShares Trust iShares 0-1 Year Treasury Bond ETF464288679ETF2,987,555$330.1M1.1%−349,392−10.5%Reduced–
Goldman Sachs ETF Tr381430503ACTIVEBETA US LG3,254,750$264.4M0.9%+213,949+7.0%Added–
SPDR Series Trust78468R721STATE STREET SPD5,463,679$255.8M0.8%+93,174+1.7%Added–
iShares Tr46435G516ESG AW MSCI EAFE3,512,393$252.3M0.8%−35,514−1.0%Reduced–
iShares Russell Mid-Cap Value ETF464287473ETF2,213,048$235.0M0.8%+142,456+6.9%Added–
iShares Tr46435G425ESG AWR MSCI USA2,528,445$228.7M0.7%+47,569+1.9%Added–
JPMorgan Ultra-Short Income ETF46641Q837ETF3,844,642$193.5M0.6%−54,498−1.4%Reduced–
iShares Tr46434V464LOW CA OP MS ETF1,212,810$179.4M0.6%+9,506+0.8%Added–
iShares Tr464287630RUS 2000 VAL ETF1,166,160$159.8M0.5%+57,924+5.2%Added–
iShares Tr46429B7470-5 YR TIPS ETF1,575,610$156.3M0.5%+597,453+61.1%Added–
Vanguard Emerging Markets Government Bond ETF921946885ETF2,131,205$132.8M0.4%−53,321−2.4%Reduced–
Schwab U.S. Large-Cap Value ETF808524409ETF1,967,636$129.0M0.4%−42,940−2.1%Reduced–
Goldman Sachs ETF Tr381430107ACTIVEBETA INT4,131,140$127.3M0.4%+85,345+2.1%Added–
State Street SPDR Portfolio S&P 500 Value ETF78464A508ETF2,694,456$109.7M0.4%+521,684+24.0%Added–
Vanguard Total Bond Market ETF921937835ETF1,442,297$106.5M0.3%−16,220−1.1%Reduced–
Vanguard S&P 500 ETF922908363ETF221,301$83.2M0.3%+8,297+3.9%Added–
iShares Inc46434G863ESG AWR MSCI EM2,409,480$75.8M0.2%+40,769+1.7%Added–
iShares S&P 500 Value ETF464287408ETF498,897$75.7M0.2%−8,889−1.8%Reduced–
SPDR Series Trust78468R796ST STR SP500FF2,075,322$69.0M0.2%+20,985+1.0%AddedConverted for a 3-for-1 split–
SPDR Ser Tr78468R648S&P KENSHO NEW1,049,188$44.8M0.1%+76,670+7.9%Added–
iShares Tr464288570ESG MSCI KLD ETF572,982$44.7M0.1%−29,016−4.8%Reduced–
Vanguard Morningstar Growth ETF922908736ETF177,646$44.3M0.1%+6,130+3.6%Added–
Engine No 1 ETF Trust29287L106TRANSFRM 500 ETF927,588$44.1M0.1%+28,519+3.2%Added–
iShares Tr46435U440USD GRN BOND ETF898,470$42.3M0.1%+21,141+2.4%Added–
SPDR Index Shs FDS78470E106ST STR MSCI EAFE1,124,119$41.6M0.1%−9,587−0.8%ReducedConverted for a 2-for-1 split–
Vanguard World FD921910733ESG US STK ETF4,580,545$32.8M0.1%+4,123,659+902.6%Added–
Goldman Sachs ETF Tr381430602ACTIVEBETA US558,604$31.0M0.1%+36,771+7.0%Added–
Goldman Sachs ETF Tr38149W101ACCESS US AGRAT595,931$25.1M0.1%+30,373+5.4%Added–
Goldman Sachs ETF Tr381430206ACTIVEBETA EME833,660$24.8M0.1%+735+0.1%Added–
SPDR Index Shs FDS78463X509ST PORT MARK ETF721,271$24.6M0.1%−2,388−0.3%Reduced–
SPDR Index Shs FDS78470E205MSCI EMR MKT ETF806,036$24.3M0.1%+16,160+2.0%AddedConverted for a 2-for-1 split–
Vanguard Morningstar Small-Cap ETF922908751ETF121,360$23.0M0.1%+3,394+2.9%Added–
iShares Tr464288588MBS ETF233,130$22.1M0.1%−12,535−5.1%Reduced–
Dimensional U.S. Core Equity 2 ETF25434V708ETF853,904$21.8M0.1%+170,474+24.9%Added–
Vanguard Short-Term Bond ETF921937827ETF265,483$20.3M0.1%+6,468+2.5%Added–
iShares Tr464288802ESG OPTIMIZED230,475$20.2M0.1%−10,195−4.2%Reduced–
iShares Tr4642874407-10 YR TRSY BD173,177$17.2M0.1%−21,085−10.9%Reduced–
Dimensional ETF Trust25434V104US CORE EQT MKT521,300$15.0M<0.1%+131,109+33.6%Added–
iShares Esg Aware US Aggregate Bond ETF46435U549ETF300,096$14.4M<0.1%+15,254+5.4%Added–
iShares Iboxx $ Investment Grade Corporate Bond ETF464287242ETF124,551$13.7M<0.1%−855−0.7%Reduced–
iShares Tr46435U663ESG AWARE MSCI359,867$12.2M<0.1%+49,734+16.0%Added–
Cambria ETF Tr132061508GLB MOMENT ETF437,224$12.1M<0.1%−22,815−5.0%Reduced–
State Street SPDR S&P 600 Small Cap Value ETF78464A300ETF158,144$12.0M<0.1%+53,482+51.1%Added–
Vanguard Intermediate-Term Bond ETF921937819ETF156,254$12.0M<0.1%+2,124+1.4%Added–
iShares Tr46435G193ESG AWRE USD ETF480,181$11.1M<0.1%+32,871+7.3%Added–
Goldman Sachs ETF Tr381430479ACCESS INVT GR240,022$11.0M<0.1%−5,157−2.1%Reduced–
Invesco QQQ Trust Series I46090E103ETF32,781$10.5M<0.1%+1,316+4.2%Added–
Vanguard Mortgage-Backed Securities ETF92206C771ETF206,238$9.60M<0.1%+422+0.2%Added–
Vanguard World FD921910725ESG INTL STK ETF181,558$9.51M<0.1%−9,319−4.9%Reduced–
Schwab U.S. REIT ETF808524847ETF483,414$9.43M<0.1%−11,126−2.2%Reduced–
Graniteshares ETF Tr38747R108BBG COMMD K 1438,932$9.33M<0.1%+93,855+27.2%Added–
Vanguard BD Index FDS921937793LONG TERM BOND120,716$9.25M<0.1%−1,525−1.2%Reduced–
iShares Tr46435G474FALN ANGLS USD350,361$8.85M<0.1%+122,315+53.6%Added–
Vanguard Morningstar Mid-Cap Growth ETF922908538ETF41,872$8.16M<0.1%−763−1.8%Reduced–
Goldman Sachs ETF Tr381430388ACCESS EMNG MKTS198,766$8.06M<0.1%+21,446+12.1%Added–
SPDR Series Trust78464A664ST LON TREAS ETF247,053$7.63M<0.1%−13,917−5.3%Reduced–
iShares Tr46429B655FLTG RATE NT ETF148,834$7.50M<0.1%−19,075−11.4%Reduced–
Dimensional ETF Trust25434V203INTL CORE EQT MK269,724$7.27M<0.1%+33,517+14.2%Added–
iShares Tr46434V4070-5YR HI YL CP173,044$7.21M<0.1%−9,148−5.0%Reduced–
Schwab U.S. Large-Cap ETF808524201ETF139,703$6.76M<0.1%−3,061−2.1%Reduced–
Dimensional World Ex U.S. Core Equity 2 ETF25434V880ETF283,872$6.55M<0.1%+9,743+3.6%Added–
iShares S&P Mid-Cap 400 Value ETF464287705ETF59,975$6.16M<0.1%+13,012+27.7%Added–
iShares Tr464288646ISHS 1-5YR INVS121,534$6.14M<0.1%+1,348+1.1%Added–
PIMCO ETF Tr72201R30415+ YR US TIPS96,991$5.98M<0.1%−4,451−4.4%Reduced–
DBX ETF Tr233051432XTRACK USD HIGH161,998$5.63M<0.1%+9,992+6.6%Added–
iShares Tr464288323NEW YORK MUN ETF102,323$5.47M<0.1%+6,697+7.0%Added–
Vanguard Scottsdale FDS92206C409SHRT TRM CORP BD70,526$5.38M<0.1%+3,454+5.1%Added–
iShares Tr46435G326CORE MSCI INTL87,912$5.32M<0.1%−7,747−8.1%Reduced–
iShares Tr464288356CALIF MUN BD ETF91,092$5.23M<0.1%+13,768+17.8%Added–
Vanguard S&P 500 Growth ETF921932505ETF22,680$5.23M<0.1%−216−0.9%Reduced–
Invesco Exch Traded FD Tr II46138E784EMRNG MKT SVRG268,869$5.16M<0.1%−36,914−12.1%Reduced–
Vanguard S&P 500 Value ETF921932703ETF33,927$4.98M<0.1%+6,395+23.2%Added–
Dimensional ETF Trust25434V872CORE FIXE IN ETF112,445$4.78M<0.1%+70,525+168.2%Added–
Vanguard Whitehall FDS921946810INTL DVD ETF63,916$4.71M<0.1%−1,333−2.0%Reduced–
iShares U S ETF Tr46431W507SHOR DURA BD ETF93,112$4.62M<0.1%−25,704−21.6%Reduced–
iShares Tr4642874571 3 YR TREAS BD53,950$4.43M<0.1%+1,629+3.1%Added–
Goldman Sachs ETF Tr381430362ACCESS INFLATI84,448$4.25M<0.1%+2,705+3.3%Added–
iShares Core S&P 500 ETF464287200ETF9,795$4.03M<0.1%−6,805−41.0%Reduced–
Vanguard Intl Equity Index F922042676GLB EX US ETF96,598$3.92M<0.1%+1,103+1.2%Added–
iShares Inc464286525MSCI GBL MIN VOL36,284$3.51M<0.1%−2,713−7.0%Reduced–
WisdomTree Tr97717X578EM EX ST-OWNED125,002$3.48M<0.1%+2,722+2.2%Added–
Schwab Fundamental U.S. Small Company ETF808524763ETF70,838$3.45M<0.1%+60,624+593.5%Added–
iShares Inc464286285JP MRGN EM HI BD97,404$3.43M<0.1%−7,641−7.3%Reduced–

Sold out since Q4 2022 (11)

Positions held at the end of Q4 2022 that are gone from this filing.

Positions of Betterment LLC sold out since Q4 2022
SecurityClassShares in Q4 2022Value in Q4 2022% of portfolio in Q4 2022History
SPDR Series Trust78464A763ST STR SP DIV12,405$1.55M<0.1%–
iShares Tr464288687PFD AND INCM SEC28,880$882.0K<0.1%–
Invesco Exch TRD SLF Idx FD46138J619RUSL 1000 DYNM7,098$305.0K<0.1%–
Litman Gregory FDS Tr53700T827IMGP DBI MAN ETF9,889$288.0K<0.1%–
iShares Russell 2000 ETF464287655ETF1,540$269.0K<0.1%–
iShares Core Dividend Growth ETF46434V621ETF5,277$264.0K<0.1%–
Simplify Exchange Traded Fun82889N103US EQT PLS CNVEX10,017$254.0K<0.1%–
Innovator ETFs Trust45782C565US EQTY ULTRA BU9,132$253.0K<0.1%–
SPDR Series Trust78468R101ST SHO TREAS ETF7,314$211.0K<0.1%–
WisdomTree Tr97717X867EM LCL DEBT FD7,954$205.0K<0.1%–
BARGraniteShares Gold TrustSHS BEN INT10,586$191.0K<0.1%History