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Betterment LLC

SEC CIK
0001633901
Latest filing
Aug 14, 2026

Holdings in Q3 2025

Holdings as of Sep 30, 2025, filed Nov 13, 2025. Long positions only; changes compare share counts with Q2 2025.

Institution overview
Positions
522
+25 vs. Q2 2025
Portfolio value
$50.6B
+$3.64B (+7.7%) vs. Q2 2025
Filed
Nov 13, 2025
SEC
Holdings of Betterment LLC in Q3 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
Vanguard Morningstar Total Stock Market ETF922908769ETF25,782,400$8.46B16.7%−521,287−2.0%Reduced–
Vanguard Ftse Developed Markets ETF921943858ETF137,447,739$8.24B16.3%+3,364,345+2.5%Added–
State Street SPDR Portfolio S&P 500 ETF78464A854ETF78,546,237$6.15B12.2%+4,636,693+6.3%Added–
Vanguard Ftse Emerging Markets ETF922042858ETF52,475,303$2.84B5.6%−96,824−0.2%Reduced–
iShares Core U.S. Aggregate Bond ETF464287226ETF24,568,480$2.46B4.9%+1,500,630+6.5%Added–
iShares Tr464288414NATIONAL MUN ETF17,343,529$1.85B3.7%−1,240,704−6.7%Reduced–
iShares Tr464287150CORE S&P TTL STK10,939,405$1.59B3.1%−335,914−3.0%Reduced–
State Street SPDR Portfolio S&P 400 Mid Cap ETF78464A847ETF20,126,277$1.15B2.3%+970,630+5.1%Added–
Vanguard Morningstar Value ETF922908744ETF5,080,035$947.4M1.9%−116,545−2.2%Reduced–
Vanguard Total International Bond ETF92203J407ETF18,361,174$908.1M1.8%+837,203+4.8%Added–
iShares Core MSCI Eafe ETF46432F842ETF9,866,920$861.5M1.7%−261,342−2.6%Reduced–
State Street SPDR Portfolio S&P 600 Small Cap ETF78468R853ETF18,142,585$840.4M1.7%+525,892+3.0%Added–
Goldman Sachs ETF Tr381430503ACTIVEBETA US LG5,847,849$761.9M1.5%+248,198+4.4%Added–
Vanguard Morningstar Mid-Cap Value ETF922908512ETF4,020,310$701.9M1.4%−113,154−2.7%Reduced–
Vanguard Morningstar Small-Cap Value ETF922908611ETF3,100,066$647.0M1.3%−100,405−3.1%Reduced–
iShares Tr464288281JPMORGAN USD EMG6,721,924$639.9M1.3%−1,170,550−14.8%Reduced–
JPMorgan Ultra-Short Income ETF46641Q837ETF12,178,595$617.8M1.2%+887,516+7.9%Added–
SPDR Series Trust78468R721STATE STREET SPD12,614,228$574.8M1.1%−513,287−3.9%Reduced–
iShares Tr46435G425ESG AWR MSCI USA3,889,897$566.4M1.1%+49,659+1.3%Added–
Goldman Sachs ETF Tr381430529ACCES TREASURY5,639,190$565.2M1.1%−59,625−1.0%Reduced–
Schwab International Equity ETF808524805ETF22,372,945$520.8M1.0%−569,196−2.5%Reduced–
Schwab U.S. Large-Cap ETF808524201ETF18,084,620$476.3M0.9%−664,551−3.5%Reduced–
iShares Tr46429B7470-5 YR TIPS ETF4,140,622$428.0M0.8%+134,158+3.3%Added–
Schwab U.S. Broad Market ETF808524102ETF16,504,113$424.3M0.8%−323,285−1.9%Reduced–
iShares Core MSCI Emerging Markets ETF46434G103ETF6,101,205$402.2M0.8%−282,007−4.4%Reduced–
iShares Tr46435G516ESG AW MSCI EAFE3,888,708$361.6M0.7%+32,544+0.8%Added–
Vanguard Mun BD FDS922907746TAX EXEMPT BD6,573,354$329.1M0.7%+6,090,513+1,261.4%Added–
State Street SPDR Portfolio Developed World Ex-US ETF78463X889ETF7,498,060$320.8M0.6%−228,799−3.0%Reduced–
iShares Tr46434V464LOW CA OP MS ETF1,292,244$293.2M0.6%+6,595+0.5%Added–
iShares Russell Mid-Cap Value ETF464287473ETF1,594,763$222.7M0.4%−44,847−2.7%Reduced–
Vanguard Emerging Markets Government Bond ETF921946885ETF3,314,686$221.8M0.4%+1,845,386+125.6%Added–
Vanguard S&P 500 ETF922908363ETF303,612$185.9M0.4%−321−0.1%Reduced–
Vanguard Morningstar Growth ETF922908736ETF305,906$146.7M0.3%+15,751+5.4%Added–
iShares Inc46434G863ESG AWR MSCI EM3,277,758$142.3M0.3%−68,784−2.1%Reduced–
Vanguard Total Bond Market ETF921937835ETF1,836,898$136.6M0.3%−17,938−1.0%Reduced–
Goldman Sachs ETF Tr381430107ACTIVEBETA INT3,253,245$133.7M0.3%+61,801+1.9%Added–
State Street SPDR Portfolio S&P 500 Value ETF78464A508ETF2,411,815$133.4M0.3%−100,259−4.0%Reduced–
iShares Tr464287630RUS 2000 VAL ETF718,375$127.0M0.3%−29,908−4.0%Reduced–
Schwab U.S. Large-Cap Value ETF808524409ETF4,251,449$123.8M0.2%−110,829−2.5%Reduced–
Dimensional U.S. Core Equity 2 ETF25434V708ETF3,166,372$122.1M0.2%+205,012+6.9%Added–
Engine No 1 ETF Trust29287L106TRANSFRM 500 ETF1,556,154$122.1M0.2%+35,377+2.3%Added–
SPDR Series Trust78468R796ST STR SP500FF1,934,284$106.1M0.2%+620.0%Added–
iShares Core S&P 500 ETF464287200ETF144,862$97.0M0.2%−4,828−3.2%Reduced–
SPDR Ser Tr78468R648S&P KENSHO NEW1,506,644$93.8M0.2%−11,353−0.7%Reduced–
Goldman Sachs ETF Tr381430206ACTIVEBETA EME2,174,673$88.6M0.2%+75,819+3.6%Added–
Goldman Sachs ETF Tr381430305ACTIVEBETA EUR1,986,093$86.7M0.2%+46,922+2.4%Added–
iShares Trust iShares 0-1 Year Treasury Bond ETF464288679ETF781,837$86.4M0.2%−83,473−9.6%Reduced–
Vanguard Malvern FDS922020805STRM INFPROIDX1,638,838$83.0M0.2%−94,269−5.4%Reduced–
SPDR Index Shs FDS78463X509ST PORT MARK ETF1,760,723$82.4M0.2%−63,666−3.5%Reduced–
iShares Tr46435U663ESG AWARE MSCI1,780,747$80.3M0.2%+33,569+1.9%Added–
iShares S&P 500 Value ETF464287408ETF378,298$78.1M0.2%−10,533−2.7%Reduced–
iShares Tr46435G672CORE INTL AGGR1,482,783$76.0M0.2%+16,330+1.1%Added–
iShares Esg Aware US Aggregate Bond ETF46435U549ETF1,523,360$73.2M0.1%+94,963+6.6%Added–
IBITiShares Bitcoin Trust ETFETF1,085,559$70.6M0.1%+202,418+22.9%AddedHistory
Vanguard Morningstar Mid-Cap ETF922908629ETF238,877$70.2M0.1%−5,244−2.1%Reduced–
SPDR Index Shs FDS78470E106ST STR MSCI EAFE1,406,903$69.4M0.1%+30,476+2.2%Added–
J P Morgan Exchange Traded F46654Q815SUST MUNI IN ETF1,360,487$68.3M0.1%+225,859+19.9%Added–
Vanguard World FD921910733ESG US STK ETF533,633$63.2M0.1%−23,978−4.3%Reduced–
iShares Tr46435U440USD GRN BOND ETF1,259,094$60.6M0.1%−51,582−3.9%Reduced–
Vanguard Morningstar Small-Cap ETF922908751ETF234,687$59.7M0.1%−9,473−3.9%Reduced–
Goldman Sachs ETF Tr381430602ACTIVEBETA US791,873$59.3M0.1%+29,206+3.8%Added–
iShares Tr46435U853BROAD USD HIGH1,510,820$57.1M0.1%+216,309+16.7%Added–
iShares Tr46435G219INVT GRAD SY ETF1,213,586$55.9M0.1%+526,254+76.6%Added–
AB Active ETFs Inc00039J509DISRUPTORS ETF504,303$51.0M0.1%+63,313+14.4%Added–
Dimensional ETF Trust25434V799INTL CORE EQUITY1,553,680$50.9M0.1%+100,741+6.9%Added–
Dimensional ETF Trust25434V872CORE FIXE IN ETF1,142,139$48.8M0.1%+110,584+10.7%Added–
iShares Tr464288570ESG MSCI KLD ETF382,197$48.1M0.1%−14,736−3.7%Reduced–
Goldman Sachs ETF Tr381430404ACTIVEBETA JAP1,061,442$47.9M0.1%+68,292+6.9%Added–
Vanguard Short-Term Bond ETF921937827ETF600,389$47.4M0.1%+30,133+5.3%Added–
Schwab U.S. Small-Cap ETF808524607ETF1,533,125$42.8M0.1%−17,989−1.2%Reduced–
Invesco QQQ Trust Series I46090E103ETF70,473$42.3M0.1%−2,979−4.1%Reduced–
Goldman Sachs ETF Tr38149W101ACCESS US AGRAT976,565$40.8M0.1%+67,296+7.4%Added–
iShares Tr464288802ESG OPTIMIZED296,167$40.2M0.1%−10,313−3.4%Reduced–
Goldman Sachs ETF Tr38149W549MUNI INCOME ETF775,892$39.5M0.1%+245,844+46.4%Added–
Invesco Nasdaq 100 ETF46138G649ETF154,011$38.1M0.1%+37,799+32.5%Added–
iShares Tr46435G193ESG AWRE USD ETF1,508,421$35.5M0.1%+88,786+6.3%Added–
Goldman Sachs ETF Tr381430362ACCESS INFLATI688,553$34.4M0.1%+107,750+18.6%Added–
Vanguard Dividend Appreciation ETF921908844ETF154,493$33.3M0.1%+10,808+7.5%Added–
Vanguard Morningstar Large-Cap ETF922908637ETF107,343$33.0M0.1%−10,423−8.9%Reduced–
iShares Tr46435G474FALN ANGLS USD1,131,975$31.4M0.1%−686,906−37.8%Reduced–
Dimensional ETF Trust25434V203INTL CORE EQT MK831,482$30.2M0.1%−33,086−3.8%Reduced–
iShares Tr46434V4070-5YR HI YL CP696,542$30.2M0.1%+104,908+17.7%Added–
Goldman Sachs ETF Tr381430479ACCESS INVT GR644,835$30.1M0.1%−58,147−8.3%Reduced–
Dimensional ETF Trust25434V104US CORE EQT MKT635,040$29.1M0.1%−34,257−5.1%Reduced–
Dimensional ETF Trust25434V732EMERGING MKTS CO855,439$27.4M0.1%+42,887+5.3%Added–
ETHAiShares Ethereum Trust ETFSHS862,405$27.2M0.1%+84,511+10.9%AddedHistory
Vanguard Star FDS921909768VG TL INTL STK F355,311$26.1M0.1%+74,663+26.6%Added–
SPDR Index Shs FDS78470E205MSCI EMR MKT ETF616,039$25.8M0.1%−25,619−4.0%Reduced–
Vanguard Morningstar Mid-Cap Growth ETF922908538ETF84,539$24.8M<0.1%+1,546+1.9%Added–
Goldman Sachs ETF Tr381430388ACCESS EMNG MKTS584,849$24.6M<0.1%+41,933+7.7%Added–
Vanguard Scottsdale FDS92206C565TOTAL WLD BD ETF334,391$23.3M<0.1%+24,785+8.0%Added–
Goldman Sachs ETF Tr381430396JUST US LRG CP246,140$23.1M<0.1%+8,052+3.4%Added–
Dimensional ETF Trust25434V625US COR EQU 1 ETF310,087$22.3M<0.1%+30,824+11.0%Added–
Dimensional ETF Trust25434V666US LARG VALU ETF673,543$22.2M<0.1%+69,719+11.5%Added–
Vanguard Intermediate-Term Bond ETF921937819ETF282,041$22.0M<0.1%+19,017+7.2%Added–
iShares Tr464288158SHRT NAT MUN ETF205,744$22.0M<0.1%−10,288−4.8%Reduced–
Dimensional U.S. Targeted Value ETF25434V609ETF358,136$20.8M<0.1%+15,170+4.4%Added–
RBB FD Inc74933W254SGI ENHANCED COR751,210$19.4M<0.1%+39,409+5.5%Added–
Vanguard Long-Term Treasury ETF92206C847ETF330,918$18.8M<0.1%+1,141+0.3%Added–
American Centy ETF Tr025072877US SML CP VALU183,623$18.3M<0.1%+4,325+2.4%Added–

Sold out since Q2 2025 (9)

Positions held at the end of Q2 2025 that are gone from this filing.

Positions of Betterment LLC sold out since Q2 2025
SecurityClassShares in Q2 2025Value in Q2 2025% of portfolio in Q2 2025History
iShares Tr464288257MSCI ACWI ETF2,584$332.0K<0.1%–
First Tr Exchange-Traded FD33739Q200FST LOW OPPT EFT6,674$329.0K<0.1%–
Pacer US Small Cap Cash Cows ETF69374H857ETF7,590$302.0K<0.1%–
CSCOCisco Systems, Inc.Stock4,093$284.0K<0.1%History
CRWDCrowdStrike Holdings, Inc.Stock558$284.0K<0.1%History
GLDMWorld Gold TrustSPDR GLD MINIS3,685$241.0K<0.1%History
Invesco Exch TRD SLF Idx FD46138J742RAFI STRATGIC US4,159$214.0K<0.1%–
Invesco Exchange Traded FD T46137V738LARGE CAP VALUE3,369$209.0K<0.1%–
Invesco Actvely MNGD Etc FD46090F100OPTIMUM YIELD11,428$149.0K<0.1%–