# Betterment LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1633901. Source: https://holderbook.com/funds/1633901-betterment-llc/

- Reported value: $59.1B
- Positions: 675
- Weight of the ten largest: 67.3%
- Filed: 2026-08-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $9.9B | 138,727,174 | 16.7% | 31 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $8.9B | 23,945,511 | 15.0% | 31 |
| SPDR SERIES TRUST | [SPYM](https://holderbook.com/stocks/SPYM/) | $8.6B | 97,881,145 | 14.5% | 19 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $3.2B | 53,881,853 | 5.4% | 31 |
| ISHARES TR | [MUB](https://holderbook.com/stocks/MUB/) | $2.3B | 21,039,515 | 3.8% | 31 |
| ISHARES TR | [ITOT](https://holderbook.com/stocks/ITOT/) | $1.7B | 10,338,360 | 2.9% | 31 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $1.5B | 15,621,139 | 2.6% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JCPB](https://holderbook.com/stocks/JCPB/) | $1.3B | 28,416,622 | 2.3% | 10 |
| SPDR SERIES TRUST | [SPMD](https://holderbook.com/stocks/SPMD/) | $1.3B | 18,865,773 | 2.2% | 10 |
| SPDR SERIES TRUST | [SPSM](https://holderbook.com/stocks/SPSM/) | $1.1B | 19,180,838 | 1.9% | 11 |
| VANGUARD INDEX FDS | [VTV](https://holderbook.com/stocks/VTV/) | $1.0B | 4,758,077 | 1.8% | 31 |
| VANGUARD CHARLOTTE FDS | [BNDX](https://holderbook.com/stocks/BNDX/) | $983.2M | 20,301,516 | 1.7% | 31 |
| ISHARES TR | [IEFA](https://holderbook.com/stocks/IEFA/) | $864.9M | 8,955,018 | 1.5% | 31 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $842.5M | 28,627,429 | 1.4% | 21 |
| GOLDMAN SACHS ETF TR | [GSLC](https://holderbook.com/stocks/GSLC/) | $810.4M | 5,711,643 | 1.4% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $695.8M | 13,758,242 | 1.2% | 26 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $692.9M | 3,506,826 | 1.2% | 31 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $683.5M | 2,812,964 | 1.2% | 31 |
| ISHARES TR | [ESGU](https://holderbook.com/stocks/ESGU/) | $664.3M | 4,058,596 | 1.1% | 24 |
| GOLDMAN SACHS ETF TR | [GBIL](https://holderbook.com/stocks/GBIL/) | $627.0M | 6,260,043 | 1.1% | 31 |
| SCHWAB STRATEGIC TR | [SCHF](https://holderbook.com/stocks/SCHF/) | $569.5M | 20,561,168 | 1.0% | 31 |
| VANGUARD WHITEHALL FDS | [VWOB](https://holderbook.com/stocks/VWOB/) | $505.7M | 7,520,903 | 0.9% | 31 |
| SPDR SERIES TRUST | [TFI](https://holderbook.com/stocks/TFI/) | $505.2M | 11,029,685 | 0.9% | 31 |
| ISHARES TR | [STIP](https://holderbook.com/stocks/STIP/) | $465.2M | 4,553,816 | 0.8% | 15 |
| ISHARES INC | [IEMG](https://holderbook.com/stocks/IEMG/) | $447.3M | 5,399,957 | 0.8% | 31 |
| ISHARES TR | [EMB](https://holderbook.com/stocks/EMB/) | $445.0M | 4,614,236 | 0.8% | 31 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $442.9M | 15,292,144 | 0.7% | 31 |
| ISHARES TR | [ESGD](https://holderbook.com/stocks/ESGD/) | $408.4M | 3,972,639 | 0.7% | 26 |
| SPDR INDEX SHS FDS | [SPDW](https://holderbook.com/stocks/SPDW/) | $403.3M | 8,002,796 | 0.7% | 19 |
| VANGUARD MUN BD FDS | [VTEB](https://holderbook.com/stocks/VTEB/) | $357.2M | 7,061,952 | 0.6% | 31 |
| ISHARES TR | [CRBN](https://holderbook.com/stocks/CRBN/) | $330.5M | 1,306,320 | 0.6% | 23 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $264.5M | 385,170 | 0.4% | 31 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $228.2M | 1,386,524 | 0.4% | 31 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $168.3M | 1,953,898 | 0.3% | 31 |
| ISHARES INC | [ESGE](https://holderbook.com/stocks/ESGE/) | $166.4M | 3,042,236 | 0.3% | 31 |
| GOLDMAN SACHS ETF TR | [GSIE](https://holderbook.com/stocks/GSIE/) | $162.0M | 3,545,671 | 0.3% | 31 |
| DIMENSIONAL ETF TRUST | [DFAC](https://holderbook.com/stocks/DFAC/) | $156.4M | 3,524,619 | 0.3% | 21 |
| ISHARES TR | [IWN](https://holderbook.com/stocks/IWN/) | $143.1M | 646,889 | 0.2% | 31 |
| TCW ETF TRUST | [VOTE](https://holderbook.com/stocks/VOTE/) | $142.9M | 1,620,553 | 0.2% | 20 |
| SCHWAB STRATEGIC TR | [SCHV](https://holderbook.com/stocks/SCHV/) | $134.6M | 3,867,616 | 0.2% | 31 |
| SPDR SERIES TRUST | [SPYV](https://holderbook.com/stocks/SPYV/) | $131.2M | 2,158,735 | 0.2% | 31 |
| ISHARES TR | [IAGG](https://holderbook.com/stocks/IAGG/) | $127.4M | 2,517,551 | 0.2% | 26 |
| SPDR SERIES TRUST | [SPYX](https://holderbook.com/stocks/SPYX/) | $121.1M | 1,981,562 | 0.2% | 23 |
| SPDR INDEX SHS FDS | [SPEM](https://holderbook.com/stocks/SPEM/) | $108.7M | 2,099,840 | 0.2% | 26 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $108.4M | 144,753 | 0.2% | 31 |
| SPDR SERIES TRUST | [KOMP](https://holderbook.com/stocks/KOMP/) | $107.3M | 1,500,675 | 0.2% | 19 |
| GOLDMAN SACHS ETF TR | [GEM](https://holderbook.com/stocks/GEM/) | $105.3M | 2,024,982 | 0.2% | 31 |
| J P MORGAN EXCHANGE TRADED F | [JMSI](https://holderbook.com/stocks/JMSI/) | $100.1M | 1,984,457 | 0.2% | 9 |
| ISHARES TR | [ESML](https://holderbook.com/stocks/ESML/) | $99.3M | 1,776,129 | 0.2% | 18 |
| GOLDMAN SACHS ETF TR | [GSEU](https://holderbook.com/stocks/GSEU/) | $91.6M | 1,885,719 | 0.2% | 9 |
| ISHARES TR | [EAGG](https://holderbook.com/stocks/EAGG/) | $85.9M | 1,812,365 | 0.1% | 23 |
| AB ACTIVE ETFS INC | [FWD](https://holderbook.com/stocks/FWD/) | $85.9M | 580,084 | 0.1% | 6 |
| VANGUARD BD INDEX FDS | [BND](https://holderbook.com/stocks/BND/) | $81.6M | 1,111,698 | 0.1% | 31 |
| SPDR INDEX SHS FDS | [EFAX](https://holderbook.com/stocks/EFAX/) | $79.8M | 1,474,589 | 0.1% | 23 |
| VANGUARD WORLD FD | [ESGV](https://holderbook.com/stocks/ESGV/) | $78.8M | 596,067 | 0.1% | 21 |
| ISHARES TR | [IVE](https://holderbook.com/stocks/IVE/) | $77.7M | 342,003 | 0.1% | 31 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $75.8M | 940,189 | 0.1% | 15 |
| INVESCO EXCH TRADED FD TR II | [QQQM](https://holderbook.com/stocks/QQQM/) | $74.0M | 244,300 | 0.1% | 15 |
| ISHARES TR | [BGRN](https://holderbook.com/stocks/BGRN/) | $71.7M | 1,509,423 | 0.1% | 23 |
| GOLDMAN SACHS ETF TR | [GSSC](https://holderbook.com/stocks/GSSC/) | $70.7M | 774,716 | 0.1% | 31 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $70.7M | 1,909,046 | 0.1% | 22 |
| VANGUARD MALVERN FDS | [VTIP](https://holderbook.com/stocks/VTIP/) | $69.3M | 1,380,243 | 0.1% | 31 |
| VANGUARD INDEX FDS | [VB](https://holderbook.com/stocks/VB/) | $68.4M | 225,580 | 0.1% | 31 |
| ISHARES TR | [IGEB](https://holderbook.com/stocks/IGEB/) | $67.1M | 1,488,332 | 0.1% | 11 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $66.2M | 599,791 | 0.1% | 31 |
| SCHWAB STRATEGIC TR | [SCHA](https://holderbook.com/stocks/SCHA/) | $63.4M | 1,753,579 | 0.1% | 15 |
| DIMENSIONAL ETF TRUST | [DFIC](https://holderbook.com/stocks/DFIC/) | $62.2M | 1,669,988 | 0.1% | 15 |
| GOLDMAN SACHS ETF TR | [GSJY](https://holderbook.com/stocks/GSJY/) | $60.7M | 1,160,306 | 0.1% | 9 |
| BLACKROCK ETF TRUST II | [BINC](https://holderbook.com/stocks/BINC/) | $58.5M | 1,117,683 | 0.1% | 5 |
| DIMENSIONAL ETF TRUST | [DFCF](https://holderbook.com/stocks/DFCF/) | $57.1M | 1,351,950 | 0.1% | 17 |
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $56.5M | 597,634 | 0.1% | 31 |
| VANGUARD BD INDEX FDS | [BSV](https://holderbook.com/stocks/BSV/) | $51.7M | 663,160 | 0.1% | 31 |
| GOLDMAN SACHS ETF TR | [GMUB](https://holderbook.com/stocks/GMUB/) | $51.7M | 1,004,401 | 0.1% | 5 |
| VANGUARD INDEX FDS | [VV](https://holderbook.com/stocks/VV/) | $50.6M | 147,169 | 0.1% | 10 |
| ISHARES TR | [DSI](https://holderbook.com/stocks/DSI/) | $48.1M | 337,922 | 0.1% | 31 |
| GOLDMAN SACHS ETF TR | [GCOR](https://holderbook.com/stocks/GCOR/) | $45.6M | 1,107,239 | 0.1% | 23 |
| VANGUARD MALVERN FDS | [VPLS](https://holderbook.com/stocks/VPLS/) | $45.2M | 582,358 | 0.1% | 2 |
| GOLDMAN SACHS ETF TR | [GTIP](https://holderbook.com/stocks/GTIP/) | $44.4M | 908,825 | 0.1% | 29 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $43.7M | 59,372 | 0.1% | 23 |
| ISHARES TR | [SUSA](https://holderbook.com/stocks/SUSA/) | $41.8M | 270,917 | 0.1% | 31 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $40.9M | 172,908 | 0.1% | 25 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $40.1M | 468,494 | 0.1% | 31 |
| ISHARES TR | [SUSC](https://holderbook.com/stocks/SUSC/) | $39.4M | 1,701,109 | 0.1% | 22 |
| DIMENSIONAL ETF TRUST | [DFEM](https://holderbook.com/stocks/DFEM/) | $37.9M | 933,438 | 0.1% | 15 |
| ISHARES TR | [QLTA](https://holderbook.com/stocks/QLTA/) | $37.1M | 780,865 | 0.1% | 3 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $35.6M | 1,069,608 | 0.1% | 10 |
| DIMENSIONAL ETF TRUST | [DFLV](https://holderbook.com/stocks/DFLV/) | $33.4M | 843,473 | 0.1% | 12 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $32.8M | 325,467 | 0.1% | 18 |
| DIMENSIONAL ETF TRUST | [DFAI](https://holderbook.com/stocks/DFAI/) | $31.6M | 767,154 | 0.1% | 20 |
| BLACKROCK ETF TRUST II | [CLOA](https://holderbook.com/stocks/CLOA/) | $30.4M | 585,958 | 0.1% | 3 |
| SPDR INDEX SHS FDS | [EEMX](https://holderbook.com/stocks/EEMX/) | $30.2M | 556,930 | 0.1% | 23 |
| GOLDMAN SACHS ETF TR | [JUST](https://holderbook.com/stocks/JUST/) | $29.4M | 275,103 | 0.0% | 7 |
| GOLDMAN SACHS ETF TR | [GEMD](https://holderbook.com/stocks/GEMD/) | $28.6M | 672,741 | 0.0% | 17 |
| DIMENSIONAL ETF TRUST | [DCOR](https://holderbook.com/stocks/DCOR/) | $28.0M | 341,912 | 0.0% | 10 |
| VANGUARD SCOTTSDALE FDS | [BNDW](https://holderbook.com/stocks/BNDW/) | $28.0M | 408,910 | 0.0% | 9 |
| DIMENSIONAL ETF TRUST | [DFAU](https://holderbook.com/stocks/DFAU/) | $27.7M | 536,301 | 0.0% | 20 |
| DIMENSIONAL ETF TRUST | [DFAT](https://holderbook.com/stocks/DFAT/) | $26.6M | 380,189 | 0.0% | 17 |
| ISHARES TR | [QUAL](https://holderbook.com/stocks/QUAL/) | $25.9M | 118,205 | 0.0% | 20 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $25.9M | 84,642 | 0.0% | 31 |
| VANGUARD BD INDEX FDS | [BIV](https://holderbook.com/stocks/BIV/) | $24.2M | 315,442 | 0.0% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +10.7% | +14.8% | -4.1% | 100% |
| Q1 2026 | -1.1% | -4.6% | +3.5% | 100% |
| Q4 2025 | +1.8% | +2.4% | -0.6% | 100% |
| Q3 2025 | +5.9% | +7.8% | -1.9% | 100% |
| Q2 2025 | +7.9% | +10.5% | -2.6% | 100% |
| Q1 2025 | -0.6% | -4.6% | +3.9% | 100% |
| Q4 2024 | -2.7% | +2.1% | -4.9% | 100% |
| Q3 2024 | +6.1% | +5.4% | +0.7% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $59.1B | 675 |
| Q1 2026 | $52.8B | 615 |
| Q4 2025 | $52.5B | 551 |
| Q3 2025 | $50.6B | 522 |
| Q2 2025 | $47.0B | 497 |
| Q1 2025 | $42.2B | 458 |
| Q4 2024 | $41.9B | 444 |
| Q3 2024 | $41.9B | 421 |
| Q2 2024 | $38.6B | 392 |
| Q1 2024 | $37.3B | 352 |
| Q4 2023 | $34.7B | 313 |
| Q3 2023 | $31.6B | 296 |