Betterment LLC

Registered adviser

CIK

1633901

Location

NEW YORK, NY

Portfolio Value

Large $59,119,932,325

Diversification

Diversified

Filing Date

Global Rank

#170 / 8,827 ▼ 6

Top Industry

Asset Management 47.0%

Period ended 4 months ago

Filed Aug 14, 2026 · 3mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Registered adviser

Form ADV roster, Nov 1, 2026

Form ADV adviser

CRD 149117

Roster of Nov 1, 2026

Regulatory AUM

$69,524,492,986

Main clients

Individuals and high net worth (92% of AUM)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Nov 2026	$69,524,492,986	Individuals and high net worth (92%)
Apr 2025 to Mar 2026	$56,368,684,129	Individuals and high net worth (93%)
Apr 2024 to Mar 2025	$45,932,816,617	Individuals and high net worth (94%)
Jun 2023 to Mar 2024	$36,630,802,858	Individuals and high net worth (94%)
May 2023	$34,327,168,882	Individuals and high net worth (94%)
Apr 2023	$34,327,168,882	Individuals and high net worth (94%)

4 earlier changes not shown.

Stated strategy

Quantitative / systematic, Income, Wealth management / planning Form ADV Part 2A, Oct 27, 2026 · original

In the firm's words

Quantitative / systematic: our software generates recommendations and, for managed portfolios, constructs and manages portfolios based on information provided.
Income: Cash Reserve, an elective interest-bearing cash management offering
Wealth management / planning: the opportunity to select certain portfolio strategies (“Third-Party Portfolios”) that are constructed and updated by third-party managers

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Concentrated

The top 10 positions are 93.2% of the book (60%+)

Turnover

Low turnover

7.6% over the last four quarters (under 30%)

Horizon

Long horizon

Value-weighted holding period 23.1 quarters (12+), a floor since 68.4% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 90.2%; sector active share 86.8% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

673 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

20.2%

−0.3 pts

Top 5

77.6%

−1.4 pts

Top 10

93.2%

−0.2 pts

HHI

1,392

Diversified−50

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	99.7%	$58,928,659,355	570
Financial Services	0.2%	$97,353,919	21
Technology	0.1%	$48,298,031	34
Communication Services	0.0%	$13,714,881	6
Consumer Cyclical	0.0%	$12,493,569	9
Industrials	0.0%	$8,441,585	14
Consumer Defensive	0.0%	$5,062,305	4
Healthcare	0.0%	$2,402,521	6
Energy	0.0%	$2,328,889	4
Utilities	0.0%	$845,144	2
Real Estate	0.0%	$332,126	2
Basic Materials	0.0%	$0	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
JCPB	JPMorgan Core Plus Bond ETF	+22,181,970	28,416,622	$1,333,876,236
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	+6,254,289	97,881,145	$8,601,795,022
VWOB	VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND	+1,820,689	7,520,903	$505,705,517
VUG	VANGUARD GROWTH INDEX FUND	+1,632,126	1,953,898	$168,308,773
MUB	iShares National Muni Bond ETF	+1,455,783	21,039,515	$2,264,272,604
BNDX	Vanguard Total International Bond ETF	+900,942	20,301,516	$983,202,419
VEA	Vanguard FTSE Developed Markets ETF	+796,375	138,727,174	$9,884,311,147
VO	VANGUARD MID-CAP INDEX FUND	+682,149	940,189	$75,751,027
BINC		+514,004	1,117,683	$58,499,528
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	+510,126	53,881,853	$3,216,207,805
IEF	iShares 7-10 Year Treasury Bond ETF	+429,636	597,634	$56,518,247
EMLC	VanEck J.P. Morgan EM Local Currency Bond ETF	+425,082	466,217	$11,916,506
VPLS	VANGUARD CORE-PLUS BOND ETF	+405,717	582,358	$45,177,004
QLTA	iShares Aaa - A Rated Corporate Bond ETF	+403,693	780,865	$37,106,704
IAGG	iShares Core International Aggregate Bond ETF	+293,998	2,517,551	$127,388,080
JMSI	JPMorgan Sustainable Municipal Income ETF	+286,873	1,984,457	$100,096,011
GSIE	Goldman Sachs ActiveBeta(R) International Equity ETF	+255,571	3,545,671	$162,037,164
CLOA		+237,508	585,958	$30,417,079
VOOG	VANGUARD S&P 500 GROWTH INDEX FUND	+170,824	204,219	$16,872,573
—		+161,873	19,180,838	$1,106,158,927
GBIL	Goldman Sachs ETF Trust	+160,877	6,260,043	$627,005,906
EAGG	iShares ESG Aware U.S. Aggregate Bond ETF	+152,379	1,812,365	$85,924,224
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	+131,923	7,061,952	$357,193,532
BGRN	iShares USD Green Bond ETF	+128,268	1,509,423	$71,656,838
SGOV	iShares 0-3 Month Treasury Bond ETF	+121,353	325,467	$32,764,762
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
AGG	iShares Core U.S. Aggregate Bond ETF	−8,284,237	15,621,139	$1,546,180,338
SPMD	State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	−1,333,524	18,865,773	$1,274,571,623
SHYG	iShares 0-5 Year High Yield Corporate Bond ETF	−855,143	18,140	$769,317
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	−793,490	4,614,236	$444,996,919
SCHF	Schwab International Equity ETF	−648,196	20,561,168	$569,544,353
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	−581,196	23,945,511	$8,860,796,890
—		−533,910	11,029,685	$505,159,573
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	−490,145	1,111,698	$81,609,750
SCHB	Schwab U.S. Broad Market ETF	−425,710	15,292,144	$442,860,490
USIG	iShares Broad USD Investment Grade Corporate Bond ETF	−353,732	8,084	$414,628
TFLO	iShares Treasury Floating Rate Bond ETF	−342,965	63,936	$3,237,079
IEFA	iShares Core MSCI EAFE ETF	−307,488	8,955,018	$864,875,638
IGLB	iShares 10+ Year Investment Grade Corporate Bond ETF	−281,878	8,952	$447,958
ITOT	iShares Core S&P Total U.S. Stock Market ETF	−279,569	10,338,360	$1,698,282,397
IGSB	iShares 1-5 Year Investment Grade Corporate Bond ETF	−275,732	12,848	$673,363
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	−263,539	8,002,796	$403,260,890
IEMG	iShares Trust	−253,489	5,399,957	$447,332,437
VOE	VANGUARD MID-CAP VALUE INDEX FUND	−235,055	3,506,826	$692,948,817
ESGE	iShares Trust	−140,294	3,042,236	$166,379,886
SCHV	Schwab U.S. Large-Cap Value ETF	−133,332	3,867,616	$134,631,712
TLT	iShares 20+ Year Treasury Bond ETF	−109,544	5,521	$477,124
VTV	VANGUARD VALUE INDEX FUND	−106,491	4,758,077	$1,036,927,720
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	−104,164	2,812,964	$683,522,122
SHY	iShares 1-3 Year Treasury Bond ETF	−100,017	7,630	$626,499
IWS	iShares Russell Mid-Cap Value ETF	−92,283	1,386,524	$228,221,850
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
EUHY	iShares Euro High Yield Corporate Bond USD Hedged ETF	224,944	$12,115,483
SPCX	Space Exploration Technologies Corp	13,978	$2,388,281
FIX	Comfort Systems USA Inc	695	$1,377,455
BE	Bloom Energy Corp	4,400	$1,331,880
STNG	Scorpio Tankers Inc.	15,338	$1,062,309
LEMB	iShares J.P. Morgan EM Local Currency Bond ETF	22,550	$956,796
MRVL	Marvell Technology, Inc.	2,028	$604,120
CWB	State Street(R) SPDR(R) Bloomberg Convertible Securities ETF	4,906	$528,964
CVIE	Calvert International Responsible Index ETF	5,835	$496,050
IBM	International Business Machines Corp	1,706	$479,744
AMAT	Applied Materials Inc	646	$467,058
NOW	ServiceNow, Inc.	4,624	$459,070
PAAA	PGIM AAA CLO ETF	8,648	$443,382
CVLC	Calvert US Large-Cap Core Responsible Index ETF	4,399	$415,573
MLPX	Global X MLP and Energy Infrastructure ETF	5,530	$407,339
—		2,406	$397,904
VSDM	VANGUARD SHORT DURATION TAX-EXEMPT BOND ETF	5,125	$392,728
HIMU		7,363	$366,677
DIVO	Amplify CWP Enhanced Dividend Income ETF	7,926	$362,218
KLAC	Kla Corp	1,200	$362,052
DELL	Dell Technologies Inc.	832	$358,974
BBUS	JPMORGAN BETABUILDERS U.S. EQUITY ETF	2,635	$354,987
PTL	Inspire 500 ETF	1,228	$351,318
VRT	Vertiv Holdings Co	1,049	$351,226
NEE	Nextera Energy Inc	3,795	$333,087
No positions match the current search.

Sold Out

Positions the filer fully exited

16 positions

Ticker	Company	Shares	Value
EUSB	iShares ESG Advanced Universal USD Bond ETF	23,820	$1,036,170
NACP	Impact Shares Naacp Minority Empowerment ETF	10,985	$531,234
GHYB	Goldman Sachs Access High Yield Corporate Bond ETF	7,524	$335,359
PFEB		7,267	$291,406
WTMF	WisdomTree Managed Futures Strategy Fund	7,251	$287,792
MINT	PIMCO Enhanced Short Maturity Active Exchange-Traded Fund	2,845	$286,121
PEP	Pepsico Inc	1,654	$256,849
FCX	Freeport-Mcmoran Inc	4,200	$246,876
ICOP	iShares Copper and Metals Mining ETF	5,036	$239,597
COP	Conocophillips	1,764	$232,848
TPHD	Timothy Plan	5,574	$230,540
SCHJ	Schwab 1-5 Year Corporate Bond ETF	9,040	$223,514
VONV	VANGUARD RUSSELL 1000 VALUE INDEX FUND	2,384	$223,476
OUNZ	VanEck Merk Gold ETF	4,584	$206,509
BYND	Beyond Meat, Inc.	10,905	$7,655
ACVF	American Conservative Values ETF	5,374	$0
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

673 tracked positions · $59,119,932,325 total · filing declares 675 positions · $59,125,356 · as of Jun 30, 2026

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 673 positions by value · page 1 of 14

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
VEA	Vanguard FTSE Developed Markets ETF	Added	138,727,174	+796,375	$9,884,311,147	+11.8%	26+	before history	16.72%
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Reduced	23,945,511	-581,196	$8,860,796,890	+12.6%	26+	before history	14.99%
SPYM	State Street(R) SPDR(R) Portfolio S&P 500(R) ETF	Added	97,881,145	+6,254,289	$8,601,795,022	+22.7%	19	unpriced	14.55%
VWO	VANGUARD EMERGING MARKETS STOCK INDEX FUND	Added	53,881,853	+510,126	$3,216,207,805	+11.5%	26+	before history	5.44%
MUB	iShares National Muni Bond ETF	Added	21,039,515	+1,455,783	$2,264,272,604	+8.9%	26+	before history	3.83%
ITOT	iShares Core S&P Total U.S. Stock Market ETF	Reduced	10,338,360	-279,569	$1,698,282,397	+12.3%	26+	before history	2.87%
AGG	iShares Core U.S. Aggregate Bond ETF	Reduced	15,621,139	-8,284,237	$1,546,180,338	−34.8%	26+	before history	2.62%
JCPB	JPMorgan Core Plus Bond ETF	Added	28,416,622	+22,181,970	$1,333,876,236	+354.4%	10	$47.02	2.26%
SPMD	State Street(R) SPDR(R) Portfolio S&P 400(TM) Mid Cap ETF	Reduced	18,865,773	-1,333,524	$1,274,571,623	+6.6%	10	$51.02	2.16%
		Added	19,180,838	+161,873	$1,106,158,927	+20.4%	11	$42.06	1.87%
VTV	VANGUARD VALUE INDEX FUND	Reduced	4,758,077	-106,491	$1,036,927,720	+8.6%	26+	before history	1.75%
BNDX	Vanguard Total International Bond ETF	Added	20,301,516	+900,942	$983,202,419	+5.5%	26+	before history	1.66%
IEFA	iShares Core MSCI EAFE ETF	Reduced	8,955,018	-307,488	$864,875,638	+3.1%	26+	before history	1.46%
SCHX	Schwab U.S. Large-Cap ETF	Added	28,627,429	+27,913	$842,505,235	+14.9%	21	unpriced	1.43%
GSLC	Goldman Sachs ActiveBeta(R) U.S. Large Cap Equity ETF	Reduced	5,711,643	-57,433	$810,425,025	+12.3%	26+	before history	1.37%
JPST	JPMorgan Ultra-Short Income ETF	Added	13,758,242	+106,203	$695,754,297	+0.7%	26+	before history	1.18%
VOE	VANGUARD MID-CAP VALUE INDEX FUND	Reduced	3,506,826	-235,055	$692,948,817	+0.5%	26+	before history	1.17%
VBR	VANGUARD SMALL-CAP VALUE INDEX FUND	Reduced	2,812,964	-104,164	$683,522,122	+7.9%	26+	before history	1.16%
ESGU	iShares ESG Aware MSCI USA ETF	Added	4,058,596	+16,680	$664,270,407	+16.2%	24	unpriced	1.12%
GBIL	Goldman Sachs ETF Trust	Added	6,260,043	+160,877	$627,005,906	+2.6%	26+	before history	1.06%
SCHF	Schwab International Equity ETF	Reduced	20,561,168	-648,196	$569,544,353	+8.5%	26+	before history	0.96%
VWOB	VANGUARD EMERGING MARKETS GOVERNMENT BOND INDEX FUND	Added	7,520,903	+1,820,689	$505,705,517	+35.1%	26+	before history	0.86%
		Reduced	11,029,685	-533,910	$505,159,573	−3.6%	26+	before history	0.85%
STIP	iShares 0-5 Year TIPS Bond ETF	Added	4,553,816	+66,236	$465,217,842	+0.2%	15	unpriced	0.79%
IEMG	iShares Trust	Reduced	5,399,957	-253,489	$447,332,437	—	26+	before history	0.76%
EMB	iShares J.P. Morgan USD Emerging Markets Bond ETF	Reduced	4,614,236	-793,490	$444,996,919	−12.4%	26+	before history	0.75%
SCHB	Schwab U.S. Broad Market ETF	Reduced	15,292,144	-425,710	$442,860,490	+12.3%	26+	before history	0.75%
ESGD	iShares ESG Aware MSCI EAFE ETF	Added	3,972,639	+53,748	$408,427,015	+9.0%	26+	before history	0.69%
SPDW	State Street(R) SPDR(R) Portfolio Developed World ex-US ETF	Reduced	8,002,796	-263,539	$403,260,890	+6.9%	19	unpriced	0.68%
VTEB	VANGUARD TAX-EXEMPT BOND INDEX FUND	Added	7,061,952	+131,923	$357,193,532	+3.3%	26+	before history	0.60%
CRBN	iShares Low Carbon Optimized MSCI ACWI ETF	Added	1,306,320	+4,884	$330,459,770	+14.0%	23	unpriced	0.56%
VOO	VANGUARD 500 INDEX FUND	Added	385,170	+2,738	$264,538,607	+15.8%	26+	before history	0.45%
IWS	iShares Russell Mid-Cap Value ETF	Reduced	1,386,524	-92,283	$228,221,850	+5.9%	26+	before history	0.39%
VUG	VANGUARD GROWTH INDEX FUND	Added	1,953,898	+1,632,126	$168,308,773	+19.8%	26+	before history	0.28%
ESGE	iShares Trust	Reduced	3,042,236	-140,294	$166,379,886	—	26+	before history	0.28%
GSIE	Goldman Sachs ActiveBeta(R) International Equity ETF	Added	3,545,671	+255,571	$162,037,164	+14.2%	26+	before history	0.27%
DFAC	Dimensional U.S. Core Equity 2 ETF	Added	3,524,619	+97,506	$156,352,098	+17.4%	21	unpriced	0.26%
		Reduced	646,889	-25,630	$143,091,846	+12.2%	26+	before history	0.24%
VOTE	TCW Transform 500 ETF	Added	1,620,553	+5,117	$142,882,537	+15.9%	20	$57.54	0.24%
SCHV	Schwab U.S. Large-Cap Value ETF	Reduced	3,867,616	-133,332	$134,631,712	+10.3%	26+	before history	0.23%
SPYV	State Street(R) SPDR(R) Portfolio S&P 500(R) Value ETF	Reduced	2,158,735	-88,619	$131,229,500	+3.2%	26+	before history	0.22%
IAGG	iShares Core International Aggregate Bond ETF	Added	2,517,551	+293,998	$127,388,080	+14.5%	26+	before history	0.22%
		Added	1,981,562	+10,280	$121,073,438	+15.8%	23	unpriced	0.20%
SPEM	State Street(R) SPDR(R) Portfolio Emerging Markets ETF	Reduced	2,099,840	-48,893	$108,729,715	+7.9%	26+	before history	0.18%
IVV	iShares Core S&P 500 ETF	Reduced	144,753	-2,031	$108,404,074	+13.1%	26+	before history	0.18%
		Added	1,500,675	+14,856	$107,298,262	+23.5%	19	$48.54	0.18%
GEM	Goldman Sachs ActiveBeta(R) Emerging Markets Equity ETF	Reduced	2,024,982	-46,855	$105,299,064	+17.6%	26+	before history	0.18%
JMSI	JPMorgan Sustainable Municipal Income ETF	Added	1,984,457	+286,873	$100,096,011	+18.5%	9	$49.98	0.17%
ESML	iShares ESG Aware MSCI USA Small-Cap ETF	Reduced	1,776,129	-13,137	$99,338,894	+18.1%	18	unpriced	0.17%
GSEU	Goldman Sachs ActiveBeta(R) Europe Equity ETF	Added	1,885,719	+52,937	$91,572,400	+10.5%	9	$37.18	0.15%

Showing the top 50 of 673 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.