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Betterment LLC

SEC CIK
0001633901
Latest filing
Aug 14, 2026

Holdings in Q3 2023

Holdings as of Sep 30, 2023, filed Nov 9, 2023. Long positions only; changes compare share counts with Q2 2023.

Institution overview
Positions
296
+15 vs. Q2 2023
Portfolio value
$31.6B
−$700.8M (−2.2%) vs. Q2 2023
Filed
Nov 9, 2023
SEC
Holdings of Betterment LLC in Q3 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
Vanguard Morningstar Total Stock Market ETF922908769ETF29,652,373$6.30B19.9%+91,152+0.3%Added–
Vanguard Ftse Developed Markets ETF921943858ETF108,000,000$4.74B15.0%+2,711,916+2.6%Added–
Vanguard Ftse Emerging Markets ETF922042858ETF77,659,118$3.05B9.6%+2,563,729+3.4%Added–
Vanguard Total International Bond ETF92203J407ETF37,268,002$1.78B5.6%+829,557+2.3%Added–
Vanguard Morningstar Value ETF922908744ETF12,721,775$1.75B5.6%+231,256+1.9%Added–
Vanguard Morningstar Mid-Cap Value ETF922908512ETF10,693,378$1.40B4.4%+228,509+2.2%Added–
Vanguard Morningstar Small-Cap Value ETF922908611ETF7,999,321$1.28B4.0%+79,898+1.0%Added–
iShares Tr464287150CORE S&P TTL STK13,293,148$1.25B4.0%−109,356−0.8%Reduced–
iShares Tr464288414NATIONAL MUN ETF10,261,126$1.05B3.3%+416,186+4.2%Added–
iShares Core U.S. Aggregate Bond ETF464287226ETF9,229,315$867.9M2.7%+505,358+5.8%Added–
iShares Tr464288281JPMORGAN USD EMG10,229,007$844.1M2.7%+222,335+2.2%Added–
iShares Core MSCI Eafe ETF46432F842ETF12,295,402$791.2M2.5%+148,393+1.2%Added–
Goldman Sachs ETF Tr381430529ACCES TREASURY5,323,233$532.9M1.7%+198,332+3.9%Added–
Schwab International Equity ETF808524805ETF14,684,524$498.7M1.6%−418,776−2.8%Reduced–
iShares Core MSCI Emerging Markets ETF46434G103ETF10,003,390$476.1M1.5%−83,382−0.8%Reduced–
Schwab U.S. Broad Market ETF808524102ETF6,735,205$335.8M1.1%−163,675−2.4%Reduced–
Goldman Sachs ETF Tr381430503ACTIVEBETA US LG3,391,165$285.6M0.9%+100,275+3.0%Added–
iShares Trust iShares 0-1 Year Treasury Bond ETF464288679ETF2,526,956$279.2M0.9%−218,163−7.9%Reduced–
iShares Tr46429B7470-5 YR TIPS ETF2,678,176$259.6M0.8%+542,735+25.4%Added–
iShares Tr46435G516ESG AW MSCI EAFE3,719,424$257.1M0.8%+78,418+2.2%Added–
Vanguard Malvern FDS922020805STRM INFPROIDX5,372,686$254.0M0.8%−929,128−14.7%Reduced–
iShares Tr46435G425ESG AWR MSCI USA2,565,032$240.9M0.8%−6,798−0.3%Reduced–
iShares Russell Mid-Cap Value ETF464287473ETF2,173,187$226.8M0.7%−7,767−0.4%Reduced–
SPDR Series Trust78468R721STATE STREET SPD5,154,992$225.3M0.7%−707,226−12.1%Reduced–
iShares Tr46434V464LOW CA OP MS ETF1,241,248$186.5M0.6%+19,609+1.6%Added–
JPMorgan Ultra-Short Income ETF46641Q837ETF3,674,486$184.4M0.6%−4,902−0.1%Reduced–
Goldman Sachs ETF Tr381430107ACTIVEBETA INT4,885,657$146.7M0.5%+343,952+7.6%Added–
iShares Tr464287630RUS 2000 VAL ETF1,058,701$143.5M0.5%−13,140−1.2%Reduced–
Vanguard Emerging Markets Government Bond ETF921946885ETF2,132,898$126.2M0.4%+54,107+2.6%Added–
Schwab U.S. Large-Cap Value ETF808524409ETF1,872,715$120.7M0.4%−51,070−2.7%Reduced–
State Street SPDR Portfolio S&P 500 Value ETF78464A508ETF2,843,933$117.3M0.4%+95,136+3.5%Added–
Vanguard Total Bond Market ETF921937835ETF1,494,204$104.3M0.3%+25,674+1.7%Added–
Vanguard S&P 500 ETF922908363ETF238,116$93.5M0.3%−6,752−2.8%Reduced–
iShares Inc46434G863ESG AWR MSCI EM2,634,129$79.8M0.3%+77,074+3.0%Added–
iShares S&P 500 Value ETF464287408ETF474,258$73.0M0.2%−10,722−2.2%Reduced–
SPDR Series Trust78468R796ST STR SP500FF2,088,510$72.5M0.2%+5,409+0.3%Added–
SPDR Ser Tr78468R648S&P KENSHO NEW1,330,250$52.7M0.2%+154,954+13.2%Added–
Vanguard Morningstar Growth ETF922908736ETF189,305$51.5M0.2%+6,257+3.4%Added–
Engine No 1 ETF Trust29287L106TRANSFRM 500 ETF965,567$48.2M0.2%+8,988+0.9%Added–
iShares Tr46435U440USD GRN BOND ETF974,909$44.0M0.1%+31,771+3.4%Added–
iShares Tr464288570ESG MSCI KLD ETF533,024$43.4M0.1%−7,180−1.3%Reduced–
SPDR Index Shs FDS78470E106ST STR MSCI EAFE1,180,270$41.9M0.1%+25,254+2.2%Added–
Goldman Sachs ETF Tr381430206ACTIVEBETA EME1,372,071$39.3M0.1%+112,526+8.9%Added–
Goldman Sachs ETF Tr381430602ACTIVEBETA US645,205$36.0M0.1%+37,150+6.1%Added–
Dimensional ETF Trust25434V104US CORE EQT MKT1,071,665$32.1M0.1%+267,097+33.2%Added–
Dimensional U.S. Core Equity 2 ETF25434V708ETF1,136,936$29.8M0.1%+206,372+22.2%Added–
Goldman Sachs ETF Tr38149W101ACCESS US AGRAT742,847$29.5M0.1%+79,121+11.9%Added–
Vanguard World FD921910733ESG US STK ETF388,173$29.2M0.1%+3,236+0.8%Added–
SPDR Index Shs FDS78470E205MSCI EMR MKT ETF880,927$25.5M0.1%+35,372+4.2%Added–
Vanguard Morningstar Small-Cap ETF922908751ETF133,346$25.2M0.1%+3,756+2.9%Added–
Vanguard Short-Term Bond ETF921937827ETF306,035$23.0M0.1%+11,895+4.0%Added–
SPDR Index Shs FDS78463X509ST PORT MARK ETF671,232$22.5M0.1%−53,431−7.4%Reduced–
iShares Tr464288802ESG OPTIMIZED219,093$19.7M0.1%−3,424−1.5%Reduced–
Goldman Sachs ETF Tr381430479ACCESS INVT GR447,795$19.3M0.1%+37,063+9.0%Added–
iShares Esg Aware US Aggregate Bond ETF46435U549ETF395,313$17.9M0.1%+18,205+4.8%Added–
Dimensional ETF Trust25434V203INTL CORE EQT MK572,609$15.0M<0.1%+174,224+43.7%Added–
iShares Tr46435U663ESG AWARE MSCI443,495$14.9M<0.1%+14,023+3.3%Added–
iShares Iboxx $ Investment Grade Corporate Bond ETF464287242ETF135,621$13.8M<0.1%+5,719+4.4%Added–
iShares Tr464288588MBS ETF155,490$13.8M<0.1%−44,997−22.4%Reduced–
iShares Tr46429B655FLTG RATE NT ETF270,434$13.8M<0.1%−17,515−6.1%Reduced–
iShares Tr46435G193ESG AWRE USD ETF599,715$13.1M<0.1%+17,701+3.0%Added–
Vanguard Intermediate-Term Bond ETF921937819ETF168,371$12.2M<0.1%−1,825−1.1%Reduced–
Invesco QQQ Trust Series I46090E103ETF33,815$12.1M<0.1%+310+0.9%Added–
Cambria ETF Tr132061508GLB MOMENT ETF427,303$11.5M<0.1%−552−0.1%Reduced–
Vanguard BD Index FDS92203C303VANGUARD ULTRA223,686$11.0M<0.1%+211,724+1,770.0%Added–
Vanguard BD Index FDS921937793LONG TERM BOND153,515$10.3M<0.1%+19,080+14.2%Added–
Vanguard Mortgage-Backed Securities ETF92206C771ETF228,867$10.0M<0.1%+9,748+4.4%Added–
Goldman Sachs ETF Tr381430388ACCESS EMNG MKTS259,193$9.92M<0.1%+26,191+11.2%Added–
Graniteshares ETF Tr38747R108BBG COMMD K 1457,303$9.87M<0.1%+49,534+12.1%Added–
Schwab U.S. REIT ETF808524847ETF511,366$9.08M<0.1%+37,063+7.8%Added–
Vanguard Morningstar Mid-Cap Growth ETF922908538ETF46,512$9.06M<0.1%+1,200+2.6%Added–
Dimensional ETF Trust25434V872CORE FIXE IN ETF214,251$8.65M<0.1%+62,293+41.0%Added–
Schwab U.S. Large-Cap ETF808524201ETF164,652$8.33M<0.1%+13,530+9.0%Added–
State Street SPDR S&P 600 Small Cap Value ETF78464A300ETF112,599$8.15M<0.1%−34,553−23.5%Reduced–
iShares Core S&P 500 ETF464287200ETF16,795$7.21M<0.1%+5,711+51.5%Added–
iShares Tr4642874407-10 YR TRSY BD78,264$7.17M<0.1%−37,871−32.6%Reduced–
iShares Tr46434V860TRS FLT RT BD138,220$7.01M<0.1%+138,220New–
DBX ETF Tr233051432XTRACK USD HIGH198,735$6.74M<0.1%+28,798+16.9%Added–
iShares S&P Mid-Cap 400 Value ETF464287705ETF66,272$6.69M<0.1%+1,368+2.1%Added–
iShares Tr464288356CALIF MUN BD ETF114,413$6.27M<0.1%+18,394+19.2%Added–
Dimensional ETF Trust25434V799INTL CORE EQUITY259,442$6.06M<0.1%+95,245+58.0%Added–
iShares Tr46434V4070-5YR HI YL CP142,315$5.84M<0.1%−11,213−7.3%Reduced–
iShares Tr464288323NEW YORK MUN ETF114,151$5.83M<0.1%+5,036+4.6%Added–
Vanguard S&P 500 Value ETF921932703ETF37,035$5.51M<0.1%+28+0.1%Added–
iShares Tr46435G474FALN ANGLS USD221,936$5.50M<0.1%−56,755−20.4%Reduced–
Vanguard S&P 500 Growth ETF921932505ETF22,020$5.43M<0.1%+326+1.5%Added–
Vanguard Whitehall FDS921946810INTL DVD ETF73,384$5.23M<0.1%+3,737+5.4%Added–
Dimensional Emerging Core Equity Market ETF25434V302ETF227,732$5.14M<0.1%+53,656+30.8%Added–
Dimensional World Ex U.S. Core Equity 2 ETF25434V880ETF226,047$5.09M<0.1%−15,904−6.6%Reduced–
Invesco Exch Traded FD Tr II46138E784EMRNG MKT SVRG270,338$4.94M<0.1%−6,034−2.2%Reduced–
iShares Tr464288646ISHS 1-5YR INVS90,700$4.52M<0.1%−13,173−12.7%Reduced–
Goldman Sachs ETF Tr381430362ACCESS INFLATI94,420$4.46M<0.1%+3,516+3.9%Added–
WisdomTree Tr97717X578EM EX ST-OWNED145,450$3.88M<0.1%+7,322+5.3%Added–
Vanguard Intl Equity Index F922042676GLB EX US ETF95,310$3.71M<0.1%+897+1.0%Added–
Vanguard Morningstar Small-Cap Growth ETF922908595ETF17,231$3.69M<0.1%+899+5.5%Added–
Vanguard Long-Term Treasury ETF92206C847ETF66,241$3.68M<0.1%+16,033+31.9%Added–
iShares U S ETF Tr46431W507SHOR DURA BD ETF70,595$3.52M<0.1%−12,151−14.7%Reduced–
Dimensional U.S. Targeted Value ETF25434V609ETF72,683$3.32M<0.1%+37,443+106.3%Added–
WisdomTree Tr97717W125FUTRE STRAT FD89,422$3.15M<0.1%−5,023−5.3%Reduced–
Tidal Trust III45259A209NAACP MINO ETF98,763$3.05M<0.1%−771−0.8%Reduced–

Sold out since Q2 2023 (7)

Positions held at the end of Q2 2023 that are gone from this filing.

Positions of Betterment LLC sold out since Q2 2023
SecurityClassShares in Q2 2023Value in Q2 2023% of portfolio in Q2 2023History
Invesco Exchange Traded FD T46137V589GBL LISTED PVT118,151$1.24M<0.1%–
Flexshares Tr33939L407MORNSTAR UPSTR6,844$274.0K<0.1%–
iShares Inc46434G848MSCI GBL ETF NEW6,328$256.0K<0.1%–
Invesco Exch TRD SLF Idx FD46138J619RUSL 1000 DYNM4,527$222.0K<0.1%–
State Street Real Estate Select Sector SPDR ETF81369Y860ETF5,825$220.0K<0.1%–
iShares Tr46434V878ULTRA SHORT DUR4,029$203.0K<0.1%–
iShares S&P 100 ETF464287101ETF974$202.0K<0.1%–