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Betterment LLC

SEC CIK
0001633901
Latest filing
Aug 14, 2026

Holdings in Q4 2023

Holdings as of Dec 31, 2023, filed Feb 9, 2024. Long positions only; changes compare share counts with Q3 2023.

Institution overview
Positions
313
+17 vs. Q3 2023
Portfolio value
$34.7B
+$3.16B (+10.0%) vs. Q3 2023
Filed
Feb 9, 2024
SEC
Holdings of Betterment LLC in Q4 2023
SecurityClassSharesValue% of portfolioShare changeActionHistory
Vanguard Morningstar Total Stock Market ETF922908769ETF29,534,424$7.01B20.2%−117,949−0.4%Reduced–
Vanguard Ftse Developed Markets ETF921943858ETF109,761,329$5.26B15.1%+1,761,329+1.6%Added–
Vanguard Ftse Emerging Markets ETF922042858ETF80,803,670$3.32B9.6%+3,144,552+4.0%Added–
Vanguard Total International Bond ETF92203J407ETF38,506,137$1.90B5.5%+1,238,135+3.3%Added–
Vanguard Morningstar Value ETF922908744ETF12,711,735$1.90B5.5%−10,040−0.1%Reduced–
Vanguard Morningstar Mid-Cap Value ETF922908512ETF10,829,893$1.57B4.5%+136,515+1.3%Added–
Vanguard Morningstar Small-Cap Value ETF922908611ETF8,075,711$1.45B4.2%+76,390+1.0%Added–
iShares Tr464287150CORE S&P TTL STK13,169,227$1.39B4.0%−123,921−0.9%Reduced–
iShares Tr464288414NATIONAL MUN ETF9,762,968$1.06B3.0%−498,158−4.9%Reduced–
iShares Core U.S. Aggregate Bond ETF464287226ETF9,616,008$954.4M2.7%+386,693+4.2%Added–
iShares Tr464288281JPMORGAN USD EMG10,301,767$917.5M2.6%+72,760+0.7%Added–
iShares Core MSCI Eafe ETF46432F842ETF12,049,132$847.7M2.4%−246,270−2.0%Reduced–
Goldman Sachs ETF Tr381430529ACCES TREASURY5,544,261$553.0M1.6%+221,028+4.2%Added–
Schwab International Equity ETF808524805ETF14,218,033$525.5M1.5%−466,491−3.2%Reduced–
iShares Core MSCI Emerging Markets ETF46434G103ETF9,970,959$504.3M1.5%−32,431−0.3%Reduced–
Schwab U.S. Broad Market ETF808524102ETF6,517,448$362.8M1.0%−217,757−3.2%Reduced–
Goldman Sachs ETF Tr381430503ACTIVEBETA US LG3,621,514$339.7M1.0%+230,349+6.8%Added–
SPDR Series Trust78468R721STATE STREET SPD7,222,340$339.4M1.0%+2,067,348+40.1%Added–
iShares Tr46429B7470-5 YR TIPS ETF3,221,388$317.6M0.9%+543,212+20.3%Added–
iShares Tr46435G516ESG AW MSCI EAFE3,836,523$289.8M0.8%+117,099+3.1%Added–
iShares Tr46435G425ESG AWR MSCI USA2,553,484$267.9M0.8%−11,548−0.5%Reduced–
iShares Trust iShares 0-1 Year Treasury Bond ETF464288679ETF2,283,392$251.5M0.7%−243,564−9.6%Reduced–
iShares Russell Mid-Cap Value ETF464287473ETF2,074,631$241.3M0.7%−98,556−4.5%Reduced–
Vanguard Malvern FDS922020805STRM INFPROIDX4,724,307$224.4M0.6%−648,379−12.1%Reduced–
iShares Tr46434V464LOW CA OP MS ETF1,241,551$205.5M0.6%+3030.0%Added–
JPMorgan Ultra-Short Income ETF46641Q837ETF3,568,494$179.2M0.5%−105,992−2.9%Reduced–
Goldman Sachs ETF Tr381430107ACTIVEBETA INT5,194,394$169.6M0.5%+308,737+6.3%Added–
State Street SPDR Portfolio S&P 500 Value ETF78464A508ETF3,364,361$156.9M0.5%+520,428+18.3%Added–
iShares Tr464287630RUS 2000 VAL ETF978,758$152.0M0.4%−79,943−7.6%Reduced–
Vanguard Emerging Markets Government Bond ETF921946885ETF2,212,892$141.1M0.4%+79,994+3.8%Added–
Schwab U.S. Large-Cap Value ETF808524409ETF1,837,285$128.8M0.4%−35,430−1.9%Reduced–
Vanguard Total Bond Market ETF921937835ETF1,474,129$108.4M0.3%−20,075−1.3%Reduced–
Vanguard S&P 500 ETF922908363ETF223,437$97.6M0.3%−14,679−6.2%Reduced–
iShares Inc46434G863ESG AWR MSCI EM2,715,480$87.1M0.3%+81,351+3.1%Added–
SPDR Series Trust78468R796ST STR SP500FF2,080,760$80.8M0.2%−7,750−0.4%Reduced–
iShares S&P 500 Value ETF464287408ETF461,260$80.2M0.2%−12,998−2.7%Reduced–
SPDR Ser Tr78468R648S&P KENSHO NEW1,270,098$59.3M0.2%−60,152−4.5%Reduced–
Vanguard Morningstar Growth ETF922908736ETF189,984$59.1M0.2%+679+0.4%Added–
Engine No 1 ETF Trust29287L106TRANSFRM 500 ETF964,591$53.7M0.2%−976−0.1%Reduced–
iShares Tr46435U440USD GRN BOND ETF994,660$47.0M0.1%+19,751+2.0%Added–
iShares Tr464288570ESG MSCI KLD ETF514,125$46.8M0.1%−18,899−3.5%Reduced–
SPDR Index Shs FDS78470E106ST STR MSCI EAFE1,191,727$46.5M0.1%+11,457+1.0%Added–
Goldman Sachs ETF Tr381430602ACTIVEBETA US687,216$43.4M0.1%+42,011+6.5%Added–
Goldman Sachs ETF Tr381430206ACTIVEBETA EME1,408,731$43.2M0.1%+36,660+2.7%Added–
Dimensional U.S. Core Equity 2 ETF25434V708ETF1,432,423$41.9M0.1%+295,487+26.0%Added–
Dimensional ETF Trust25434V104US CORE EQT MKT1,255,713$41.8M0.1%+184,048+17.2%Added–
Goldman Sachs ETF Tr38149W101ACCESS US AGRAT797,230$33.4M0.1%+54,383+7.3%Added–
Vanguard World FD921910733ESG US STK ETF381,110$32.4M0.1%−7,063−1.8%Reduced–
Vanguard Morningstar Small-Cap ETF922908751ETF135,236$28.9M0.1%+1,890+1.4%Added–
SPDR Index Shs FDS78470E205MSCI EMR MKT ETF911,224$28.1M0.1%+30,297+3.4%Added–
SPDR Index Shs FDS78463X509ST PORT MARK ETF788,179$27.9M0.1%+116,947+17.4%Added–
Vanguard Short-Term Bond ETF921937827ETF313,879$24.2M0.1%+7,844+2.6%Added–
Dimensional ETF Trust25434V203INTL CORE EQT MK829,488$23.8M0.1%+256,879+44.9%Added–
Goldman Sachs ETF Tr381430479ACCESS INVT GR471,550$21.8M0.1%+23,755+5.3%Added–
iShares Tr464288802ESG OPTIMIZED207,256$20.8M0.1%−11,837−5.4%Reduced–
iShares Esg Aware US Aggregate Bond ETF46435U549ETF408,014$19.5M0.1%+12,701+3.2%Added–
State Street SPDR Portfolio Developed World Ex-US ETF78463X889ETF510,810$17.4M0.1%+429,430+527.7%Added–
iShares Tr46435U663ESG AWARE MSCI430,730$16.4M<0.1%−12,765−2.9%Reduced–
iShares Iboxx $ Investment Grade Corporate Bond ETF464287242ETF137,170$15.2M<0.1%+1,549+1.1%Added–
iShares Tr46435G193ESG AWRE USD ETF616,795$14.4M<0.1%+17,080+2.8%Added–
Invesco QQQ Trust Series I46090E103ETF32,533$13.3M<0.1%−1,282−3.8%Reduced–
Vanguard Intermediate-Term Bond ETF921937819ETF167,135$12.8M<0.1%−1,236−0.7%Reduced–
iShares Tr464288588MBS ETF130,216$12.3M<0.1%−25,274−16.3%Reduced–
Vanguard BD Index FDS92203C303VANGUARD ULTRA235,165$11.6M<0.1%+11,479+5.1%Added–
Goldman Sachs ETF Tr381430388ACCESS EMNG MKTS281,013$11.5M<0.1%+21,820+8.4%Added–
Dimensional ETF Trust25434V872CORE FIXE IN ETF263,981$11.2M<0.1%+49,730+23.2%Added–
Vanguard BD Index FDS921937793LONG TERM BOND148,183$11.1M<0.1%−5,332−3.5%Reduced–
Cambria ETF Tr132061508GLB MOMENT ETF395,972$10.9M<0.1%−31,331−7.3%Reduced–
Vanguard Morningstar Mid-Cap Growth ETF922908538ETF47,243$10.4M<0.1%+731+1.6%Added–
Schwab U.S. REIT ETF808524847ETF497,183$10.3M<0.1%−14,183−2.8%Reduced–
Vanguard Mortgage-Backed Securities ETF92206C771ETF219,334$10.2M<0.1%−9,533−4.2%Reduced–
SPDR Series Trust78464A284ST NUVE HIGH ETF389,320$9.85M<0.1%+344,110+761.1%Added–
Dimensional ETF Trust25434V799INTL CORE EQUITY373,787$9.54M<0.1%+114,345+44.1%Added–
Graniteshares ETF Tr38747R108BBG COMMD K 1481,304$9.35M<0.1%+24,001+5.2%Added–
iShares Tr46435G219INVT GRAD SY ETF202,055$9.14M<0.1%+202,055New–
Schwab U.S. Large-Cap ETF808524201ETF158,147$8.92M<0.1%−6,505−4.0%Reduced–
State Street SPDR S&P 600 Small Cap Value ETF78464A300ETF103,733$8.64M<0.1%−8,866−7.9%Reduced–
iShares Tr46429B655FLTG RATE NT ETF169,552$8.58M<0.1%−100,882−37.3%Reduced–
iShares S&P Mid-Cap 400 Value ETF464287705ETF75,183$8.57M<0.1%+8,911+13.4%Added–
iShares Core S&P 500 ETF464287200ETF17,353$8.29M<0.1%+558+3.3%Added–
DBX ETF Tr233051432XTRACK USD HIGH229,237$8.15M<0.1%+30,502+15.3%Added–
iShares Tr46434V381FUTU EXPO TE ETF128,762$7.71M<0.1%+128,762New–
iShares Tr4642874407-10 YR TRSY BD77,762$7.50M<0.1%−502−0.6%Reduced–
iShares Tr46434V860TRS FLT RT BD140,249$7.08M<0.1%+2,029+1.5%Added–
Dimensional Emerging Core Equity Market ETF25434V302ETF293,490$7.08M<0.1%+65,758+28.9%Added–
Dimensional U.S. Targeted Value ETF25434V609ETF130,701$6.84M<0.1%+58,018+79.8%Added–
iShares Tr464288356CALIF MUN BD ETF115,581$6.70M<0.1%+1,168+1.0%Added–
iShares Tr46434V4070-5YR HI YL CP156,938$6.63M<0.1%+14,623+10.3%Added–
Vanguard S&P 500 Value ETF921932703ETF38,880$6.53M<0.1%+1,845+5.0%Added–
Vanguard Whitehall FDS921946810INTL DVD ETF80,612$6.40M<0.1%+7,228+9.8%Added–
Vanguard Dividend Appreciation ETF921908844ETF36,973$6.30M<0.1%+23,754+179.7%Added–
iShares Tr464288323NEW YORK MUN ETF112,701$6.10M<0.1%−1,450−1.3%Reduced–
Vanguard S&P 500 Growth ETF921932505ETF21,629$5.86M<0.1%−391−1.8%Reduced–
iShares Tr46435G474FALN ANGLS USD210,884$5.57M<0.1%−11,052−5.0%Reduced–
Invesco Exch Traded FD Tr II46138E784EMRNG MKT SVRG252,577$5.21M<0.1%−17,761−6.6%Reduced–
Dimensional World Ex U.S. Core Equity 2 ETF25434V880ETF209,733$5.12M<0.1%−16,314−7.2%Reduced–
iShares Tr464288646ISHS 1-5YR INVS98,951$5.07M<0.1%+8,251+9.1%Added–
Goldman Sachs ETF Tr381430362ACCESS INFLATI95,966$4.70M<0.1%+1,546+1.6%Added–
Vanguard Long-Term Treasury ETF92206C847ETF74,797$4.60M<0.1%+8,556+12.9%Added–
WisdomTree Tr97717X578EM EX ST-OWNED152,175$4.39M<0.1%+6,725+4.6%Added–

Sold out since Q3 2023 (8)

Positions held at the end of Q3 2023 that are gone from this filing.

Positions of Betterment LLC sold out since Q3 2023
SecurityClassShares in Q3 2023Value in Q3 2023% of portfolio in Q3 2023History
iShares Tr4642874571 3 YR TREAS BD17,630$1.43M<0.1%–
Vanguard Consumer Staples ETF92204A207ETF5,020$917.0K<0.1%–
Vanguard Health Care ETF92204A504ETF3,139$738.0K<0.1%–
Dimensional ETF Trust25434V724US MKTWIDE VALUE10,421$355.0K<0.1%–
Vanguard Scottsdale FDS92206C813LG-TERM COR BD3,410$244.0K<0.1%–
iShares Tr46428951110+ YR INVST GRD5,072$239.0K<0.1%–
MSFTMicrosoft CorpStock711$224.0K<0.1%History
J P Morgan Exchange Traded F46641Q274SHORT DURA CORE4,766$216.0K<0.1%–