Betterment LLC
- SEC CIK
- 0001633901
- Latest filing
- Aug 14, 2026
The latest 13F from Betterment LLC covers Q2 2026 (filed Aug 14, 2026): 675 long positions worth $59.1B. The top 10 holdings make up 67.3% of the portfolio, and the largest is Vanguard Ftse Developed Markets ETF at 16.7%. Livermore has 22 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q2 2026
Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.
- New
- 76
- Est. +$39.2M
- Added
- 406
- Est. +$2.42B
- Reduced
- 191
- Est. −$1.76B
- Sold out
- 16
- Est. −$4.89M
Top 5 holdings
Share of this quarter's portfolio value
- Vanguard Ftse Developed Markets ETF92194385816.7%$9.88B
- Vanguard Morningstar Total Stock Market ETF92290876915.0%$8.86B
- State Street SPDR Portfolio S&P 500 ETF78464A85414.5%$8.60B
- Vanguard Ftse Emerging Markets ETF9220428585.4%$3.22B
- iShares Tr4642884143.8%$2.26B
Biggest buys
New and added positions, by estimated amount bought
- J P Morgan Exchange Traded F46641Q670+$1.04BAdded
- State Street SPDR Portfolio S&P 500 ETF78464A854+$549.6MAdded
- iShares Tr464288414+$156.7MAdded
- Vanguard Emerging Markets Government Bond ETF921946885+$122.4MAdded
- Vanguard Ftse Developed Markets ETF921943858+$56.7MAdded
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- J P Morgan Exchange Traded F46641Q670+1.70 pp0.6% → 2.3%
- State Street SPDR Portfolio S&P 500 ETF78464A854+1.26 pp13.3% → 14.5%
- Vanguard Emerging Markets Government Bond ETF921946885+0.15 pp0.7% → 0.9%
- State Street SPDR Portfolio S&P 600 Small Cap ETF78468R853+0.13 pp1.7% → 1.9%
- iShares Tr464287440+0.07 pp<0.1% → 0.1%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- iShares Core U.S. Aggregate Bond ETF464287226−$820.0MReduced
- Vanguard Morningstar Total Stock Market ETF922908769−$215.1MReduced
- State Street SPDR Portfolio S&P 400 Mid Cap ETF78464A847−$90.1MReduced
- iShares Tr464288281−$76.5MReduced
- Vanguard Morningstar Mid-Cap Value ETF922908512−$46.4MReduced
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- iShares Core U.S. Aggregate Bond ETF464287226−1.88 pp4.5% → 2.6%
- iShares Tr464288281−0.21 pp1.0% → 0.8%
- SPDR Series Trust78468R721−0.14 pp1.0% → 0.9%
- Vanguard Morningstar Mid-Cap Value ETF922908512−0.13 pp1.3% → 1.2%
- iShares Core MSCI Eafe ETF46432F842−0.13 pp1.6% → 1.5%
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $59.1B
- +$6.33B (+12.0%) vs. prior quarter
- Positions
- 675
- +60 vs. prior quarter
- Top 10 concentration
- 67.3%
- Top 10 as share of value
- Turnover
- 3.1%
- Q2 2026, one quarter
- Average holding period
- 20.3 quarters
- Weighted by value
How these are calculated
- Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
- Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
- Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
- Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.
13F filings by quarter
22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $59.1B (Q2 2026)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | 675 | $59.1B | Vanguard Ftse Developed Markets ETFVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 ETF | vs. Q1 2026 | SEC |
| Q1 2026 | May 14, 2026 | 615 | $52.8B | Vanguard Ftse Developed Markets ETFVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 ETF | vs. Q4 2025 | SEC |
| Q4 2025 | Feb 12, 2026 | 551 | $52.5B | Vanguard Ftse Developed Markets ETFVanguard Morningstar Total Stock Market ETFState Street SPDR Portfolio S&P 500 ETF | vs. Q3 2025 | SEC |
| Q3 2025 | Nov 13, 2025 | 522 | $50.6B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFState Street SPDR Portfolio S&P 500 ETF | vs. Q2 2025 | SEC |
| Q2 2025 | Aug 14, 2025 | 497 | $47.0B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFState Street SPDR Portfolio S&P 500 ETF | vs. Q1 2025 | SEC |
| Q1 2025 | May 15, 2025 | 458 | $42.2B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFState Street SPDR Portfolio S&P 500 ETF | vs. Q4 2024 | SEC |
| Q4 2024 | Feb 14, 2025 | 444 | $41.9B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFState Street SPDR Portfolio S&P 500 ETF | vs. Q3 2024 | SEC |
| Q3 2024 | Nov 14, 2024 | 421 | $41.9B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFState Street SPDR Portfolio S&P 500 ETF | vs. Q2 2024 | SEC |
| Q2 2024 | Aug 14, 2024 | 392 | $38.6B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFState Street SPDR Portfolio S&P 500 ETF | vs. Q1 2024 | SEC |
| Q1 2024 | May 10, 2024 | 352 | $37.3B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Ftse Emerging Markets ETF | vs. Q4 2023 | SEC |
| Q4 2023 | Feb 9, 2024 | 313 | $34.7B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Ftse Emerging Markets ETF | vs. Q3 2023 | SEC |
| Q3 2023 | Nov 9, 2023 | 296 | $31.6B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Ftse Emerging Markets ETF | vs. Q2 2023 | SEC |
| Q2 2023 | Aug 7, 2023 | 281 | $32.3B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Ftse Emerging Markets ETF | vs. Q1 2023 | SEC |
| Q1 2023 | May 15, 2023 | 265 | $30.9B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Ftse Emerging Markets ETF | vs. Q4 2022 | SEC |
| Q4 2022 | Feb 13, 2023 | 252 | $29.2B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Ftse Emerging Markets ETF | vs. Q3 2022 | SEC |
| Q3 2022 | Nov 14, 2022 | 223 | $28.0B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Ftse Emerging Markets ETF | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 10, 2022 | 223 | $28.0B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Ftse Emerging Markets ETF | vs. Q1 2022 | SEC |
| Q1 2022 | May 16, 2022 | 224 | $31.4B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Ftse Emerging Markets ETF | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 15, 2022 | 202 | $32.1B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Ftse Emerging Markets ETF | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 15, 2021 | 184 | $29.9B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Ftse Emerging Markets ETF | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 10, 2021 | 163 | $29.4B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Ftse Emerging Markets ETF | vs. Q1 2021 | SEC |
| Q1 2021 | Jun 1, 2021 | 133 | $26.6B | Vanguard Morningstar Total Stock Market ETFVanguard Ftse Developed Markets ETFVanguard Ftse Emerging Markets ETF | – | SEC |