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Betterment LLC

SEC CIK
0001633901
Latest filing
Aug 14, 2026

Holdings in Q4 2025

Holdings as of Dec 31, 2025, filed Feb 12, 2026. Long positions only; changes compare share counts with Q3 2025.

Institution overview
Positions
551
+29 vs. Q3 2025
Portfolio value
$52.5B
+$1.89B (+3.7%) vs. Q3 2025
Filed
Feb 12, 2026
SEC
Holdings of Betterment LLC in Q4 2025
SecurityClassSharesValue% of portfolioShare changeActionHistory
Vanguard Ftse Developed Markets ETF921943858ETF138,588,366$8.66B16.5%+1,140,627+0.8%Added–
Vanguard Morningstar Total Stock Market ETF922908769ETF25,171,575$8.44B16.1%−610,825−2.4%Reduced–
State Street SPDR Portfolio S&P 500 ETF78464A854ETF83,585,842$6.71B12.8%+5,039,605+6.4%Added–
Vanguard Ftse Emerging Markets ETF922042858ETF53,732,807$2.89B5.5%+1,257,504+2.4%Added–
iShares Core U.S. Aggregate Bond ETF464287226ETF26,255,484$2.62B5.0%+1,687,004+6.9%Added–
iShares Tr464288414NATIONAL MUN ETF18,990,218$2.03B3.9%+1,646,689+9.5%Added–
iShares Tr464287150CORE S&P TTL STK10,680,855$1.59B3.0%−258,550−2.4%Reduced–
State Street SPDR Portfolio S&P 400 Mid Cap ETF78464A847ETF21,151,161$1.22B2.3%+1,024,884+5.1%Added–
Vanguard Morningstar Value ETF922908744ETF4,973,990$950.0M1.8%−106,045−2.1%Reduced–
Vanguard Total International Bond ETF92203J407ETF19,558,275$945.1M1.8%+1,197,101+6.5%Added–
State Street SPDR Portfolio S&P 600 Small Cap ETF78468R853ETF18,757,519$879.0M1.7%+614,934+3.4%Added–
iShares Core MSCI Eafe ETF46432F842ETF9,608,903$859.6M1.6%−258,017−2.6%Reduced–
Goldman Sachs ETF Tr381430503ACTIVEBETA US LG6,005,716$795.0M1.5%+157,867+2.7%Added–
Vanguard Morningstar Mid-Cap Value ETF922908512ETF3,924,610$696.1M1.3%−95,700−2.4%Reduced–
JPMorgan Ultra-Short Income ETF46641Q837ETF13,181,100$666.8M1.3%+1,002,505+8.2%Added–
Vanguard Morningstar Small-Cap Value ETF922908611ETF3,019,666$639.5M1.2%−80,400−2.6%Reduced–
Goldman Sachs ETF Tr381430529ACCES TREASURY5,862,171$585.9M1.1%+222,981+4.0%Added–
iShares Tr46435G425ESG AWR MSCI USA3,924,596$584.7M1.1%+34,699+0.9%Added–
iShares Tr464288281JPMORGAN USD EMG5,954,321$573.3M1.1%−767,603−11.4%Reduced–
SPDR Series Trust78468R721STATE STREET SPD12,106,265$553.4M1.1%−507,963−4.0%Reduced–
Schwab International Equity ETF808524805ETF21,860,498$525.5M1.0%−512,447−2.3%Reduced–
Schwab U.S. Large-Cap ETF808524201ETF18,148,928$488.4M0.9%+64,308+0.4%Added–
iShares Tr46429B7470-5 YR TIPS ETF4,371,869$447.6M0.9%+231,247+5.6%Added–
Schwab U.S. Broad Market ETF808524102ETF16,156,262$423.8M0.8%−347,851−2.1%Reduced–
iShares Core MSCI Emerging Markets ETF46434G103ETF5,912,312$397.4M0.8%−188,893−3.1%Reduced–
iShares Tr46435G516ESG AW MSCI EAFE3,947,005$375.3M0.7%+58,297+1.5%Added–
Vanguard Mun BD FDS922907746TAX EXEMPT BD6,707,905$337.3M0.6%+134,551+2.0%Added–
State Street SPDR Portfolio Developed World Ex-US ETF78463X889ETF7,414,696$329.3M0.6%−83,364−1.1%Reduced–
Vanguard Emerging Markets Government Bond ETF921946885ETF4,659,747$314.2M0.6%+1,345,061+40.6%Added–
iShares Tr46434V464LOW CA OP MS ETF1,303,736$300.6M0.6%+11,492+0.9%Added–
iShares Russell Mid-Cap Value ETF464287473ETF1,550,556$218.7M0.4%−44,207−2.8%Reduced–
Vanguard S&P 500 ETF922908363ETF312,521$196.0M0.4%+8,909+2.9%Added–
Vanguard Morningstar Growth ETF922908736ETF314,854$153.6M0.3%+8,948+2.9%Added–
iShares Inc46434G863ESG AWR MSCI EM3,254,323$143.7M0.3%−23,435−0.7%Reduced–
Goldman Sachs ETF Tr381430107ACTIVEBETA INT3,095,283$132.9M0.3%−157,962−4.9%Reduced–
State Street SPDR Portfolio S&P 500 Value ETF78464A508ETF2,331,001$132.4M0.3%−80,814−3.4%Reduced–
Dimensional U.S. Core Equity 2 ETF25434V708ETF3,271,394$129.5M0.2%+105,022+3.3%Added–
Vanguard Total Bond Market ETF921937835ETF1,718,105$127.3M0.2%−118,793−6.5%Reduced–
Engine No 1 ETF Trust29287L106TRANSFRM 500 ETF1,572,590$126.2M0.2%+16,436+1.1%Added–
iShares Tr464287630RUS 2000 VAL ETF695,877$126.1M0.2%−22,498−3.1%Reduced–
Schwab U.S. Large-Cap Value ETF808524409ETF4,117,665$121.9M0.2%−133,784−3.1%Reduced–
SPDR Series Trust78468R796ST STR SP500FF1,940,078$109.0M0.2%+5,794+0.3%Added–
iShares Core S&P 500 ETF464287200ETF141,807$97.1M0.2%−3,055−2.1%Reduced–
iShares Tr46435G672CORE INTL AGGR1,818,945$91.0M0.2%+336,162+22.7%Added–
Goldman Sachs ETF Tr381430206ACTIVEBETA EME2,175,132$90.5M0.2%+4590.0%Added–
Goldman Sachs ETF Tr381430305ACTIVEBETA EUR1,970,229$90.0M0.2%−15,864−0.8%Reduced–
SPDR Ser Tr78468R648S&P KENSHO NEW1,495,878$89.3M0.2%−10,766−0.7%Reduced–
SPDR Index Shs FDS78463X509ST PORT MARK ETF1,766,357$82.7M0.2%+5,634+0.3%Added–
iShares Tr46435U663ESG AWARE MSCI1,783,423$82.0M0.2%+2,676+0.2%Added–
J P Morgan Exchange Traded F46654Q815SUST MUNI IN ETF1,595,871$80.4M0.2%+235,384+17.3%Added–
iShares Esg Aware US Aggregate Bond ETF46435U549ETF1,648,321$78.9M0.2%+124,961+8.2%Added–
iShares S&P 500 Value ETF464287408ETF369,725$78.4M0.1%−8,573−2.3%Reduced–
iShares Trust iShares 0-1 Year Treasury Bond ETF464288679ETF706,145$77.8M0.1%−75,692−9.7%Reduced–
Vanguard Malvern FDS922020805STRM INFPROIDX1,555,395$76.9M0.1%−83,443−5.1%Reduced–
Vanguard Morningstar Mid-Cap ETF922908629ETF257,568$74.8M0.1%+18,691+7.8%Added–
SPDR Index Shs FDS78470E106ST STR MSCI EAFE1,435,553$72.5M0.1%+28,650+2.0%Added–
iShares Tr46435U853BROAD USD HIGH1,795,176$67.1M0.1%+284,356+18.8%Added–
iShares Tr46435G219INVT GRAD SY ETF1,436,034$65.6M0.1%+222,448+18.3%Added–
Vanguard World FD921910733ESG US STK ETF533,681$64.6M0.1%+480.0%Added–
iShares Tr46435U440USD GRN BOND ETF1,345,583$64.5M0.1%+86,489+6.9%Added–
Goldman Sachs ETF Tr381430602ACTIVEBETA US792,373$59.9M0.1%+500+0.1%Added–
IBITiShares Bitcoin Trust ETFETF1,194,989$59.3M0.1%+109,430+10.1%AddedHistory
Vanguard Morningstar Small-Cap ETF922908751ETF229,220$59.1M0.1%−5,467−2.3%Reduced–
AB Active ETFs Inc00039J509DISRUPTORS ETF540,759$56.5M0.1%+36,456+7.2%Added–
Dimensional ETF Trust25434V799INTL CORE EQUITY1,563,546$53.9M0.1%+9,866+0.6%Added–
Dimensional ETF Trust25434V872CORE FIXE IN ETF1,179,477$50.2M0.1%+37,338+3.3%Added–
Goldman Sachs ETF Tr381430404ACTIVEBETA JAP1,069,668$49.8M0.1%+8,226+0.8%Added–
Vanguard Short-Term Bond ETF921937827ETF614,397$48.4M0.1%+14,008+2.3%Added–
Schwab U.S. Small-Cap ETF808524607ETF1,696,751$48.3M0.1%+163,626+10.7%Added–
iShares Tr464288570ESG MSCI KLD ETF368,440$47.5M0.1%−13,757−3.6%Reduced–
Invesco Nasdaq 100 ETF46138G649ETF174,080$44.0M0.1%+20,069+13.0%Added–
Goldman Sachs ETF Tr38149W549MUNI INCOME ETF831,786$42.6M0.1%+55,894+7.2%Added–
Goldman Sachs ETF Tr38149W101ACCESS US AGRAT1,024,281$42.5M0.1%+47,716+4.9%Added–
Invesco QQQ Trust Series I46090E103ETF69,148$42.5M0.1%−1,325−1.9%Reduced–
iShares Tr464288802ESG OPTIMIZED287,687$40.1M0.1%−8,480−2.9%Reduced–
iShares Tr46435G193ESG AWRE USD ETF1,602,126$37.5M0.1%+93,705+6.2%Added–
Goldman Sachs ETF Tr381430362ACCESS INFLATI756,947$37.2M0.1%+68,394+9.9%Added–
iShares Tr46434V4070-5YR HI YL CP827,737$35.5M0.1%+131,195+18.8%Added–
Vanguard Dividend Appreciation ETF921908844ETF159,921$35.1M0.1%+5,428+3.5%Added–
Vanguard Morningstar Large-Cap ETF922908637ETF107,899$34.0M0.1%+556+0.5%Added–
Dimensional ETF Trust25434V203INTL CORE EQT MK811,656$30.9M0.1%−19,826−2.4%Reduced–
iShares Flexible Income Active ETF092528603ETF561,524$29.6M0.1%+500,820+825.0%Added–
Goldman Sachs ETF Tr381430479ACCESS INVT GR638,620$29.5M0.1%−6,215−1.0%Reduced–
Dimensional ETF Trust25434V732EMERGING MKTS CO889,780$29.4M0.1%+34,341+4.0%Added–
Vanguard Star FDS921909768VG TL INTL STK F382,801$28.9M0.1%+27,490+7.7%Added–
Dimensional ETF Trust25434V104US CORE EQT MKT604,692$28.3M0.1%−30,348−4.8%Reduced–
SPDR Index Shs FDS78470E205MSCI EMR MKT ETF603,347$25.7M<0.1%−12,692−2.1%Reduced–
Goldman Sachs ETF Tr381430388ACCESS EMNG MKTS601,446$25.5M<0.1%+16,597+2.8%Added–
Dimensional ETF Trust25434V666US LARG VALU ETF740,678$25.3M<0.1%+67,135+10.0%Added–
Dimensional ETF Trust25434V625US COR EQU 1 ETF342,376$25.2M<0.1%+32,289+10.4%Added–
Vanguard Scottsdale FDS92206C565TOTAL WLD BD ETF361,416$24.8M<0.1%+27,025+8.1%Added–
Goldman Sachs ETF Tr381430396JUST US LRG CP252,278$24.4M<0.1%+6,138+2.5%Added–
Vanguard Morningstar Mid-Cap Growth ETF922908538ETF86,435$24.1M<0.1%+1,896+2.2%Added–
Vanguard Intermediate-Term Bond ETF921937819ETF304,192$23.7M<0.1%+22,151+7.9%Added–
iShares Tr464288158SHRT NAT MUN ETF199,422$21.3M<0.1%−6,322−3.1%Reduced–
Dimensional U.S. Targeted Value ETF25434V609ETF357,340$21.3M<0.1%−796−0.2%Reduced–
ETHAiShares Ethereum Trust ETFSHS891,994$20.0M<0.1%+29,589+3.4%AddedHistory
iShares Tr46434V860TRS FLT RT BD391,135$19.7M<0.1%+59,542+18.0%Added–
RBB FD Inc74933W254SGI ENHANCED COR745,523$19.1M<0.1%−5,687−0.8%Reduced–
Vanguard Long-Term Treasury ETF92206C847ETF336,442$18.8M<0.1%+5,524+1.7%Added–

Sold out since Q3 2025 (13)

Positions held at the end of Q3 2025 that are gone from this filing.

Positions of Betterment LLC sold out since Q3 2025
SecurityClassShares in Q3 2025Value in Q3 2025% of portfolio in Q3 2025History
iShares Tr46435G474FALN ANGLS USD1,131,975$31.4M0.1%–
iShares Inc464286285JP MRGN EM HI BD147,330$5.85M<0.1%–
Exchange Traded Concepts Tru301505624BITWISE CRYPTO25,105$629.0K<0.1%–
Innovator U.S. Equity Power Buffer ETF - October45782C797ETF6,459$278.0K<0.1%–
Innovator ETFs Trust45782C508US EQTY PWR BUF5,537$254.0K<0.1%–
Innovator U.S. Equity Ultra Buffer ETF - October45782C821ETF6,411$246.0K<0.1%–
Innovator ETFs Trust45782C813US EQTY PWR BUF5,361$244.0K<0.1%–
First Tr Exchange-Traded FD33738D408FIRST TR TA HIYL5,325$224.0K<0.1%–
First Trust Multi Cap Growth Alphadex Fund33733F101ETF1,391$223.0K<0.1%–
CMCSAComcast CorpStock6,741$212.0K<0.1%History
iShares Tr46432F388MSCI USA VALUE1,691$211.0K<0.1%–
Goldman Sachs ETF Tr38149W630NASDA 100 ETF3,825$201.0K<0.1%–
Nushares ETF Tr67092P201NUVEEN ESG LRGCP2,014$200.0K<0.1%–