Betterment LLC
Long book
$52.79B
Q1 2026
Positions
615
Top-10 weight
68%
concentration
Last quarter
+10.8%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsBetterment LLC is a wealth-management firm allocating client money, specialised in financials (63% of the long book), running a $52.79B US long book across 615 positions.
The portfolio is concentrated: the top 10 names carry 68% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD FTSE DEVELOPED ETF, VANGUARD TOTAL STOCK MKT ETF, STE STR SPDR PT S&P 500 ETF, VANGUARD FTSE EMERGING MARKE, ISHARES CORE U.S. AGGREGATE.
Over the last 9 quarters its long book ran on average 0.8pp per quarter behind the S&P 500, beating the index in 4 of 9 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+1.2%
Q2 2024
+6.6%
Q3 2024
-1.7%
Q4 2024
-0.3%
Q1 2025
+8.6%
Q2 2025
+6.4%
Q3 2025
+2.8%
Q4 2025
-0.8%
Q1 2026
+10.8%
Sector allocation
Technology 54%
Consumer discretionary 14%
Industrials 10%
Financials 9%
Services media 3%
Healthcare 3%
Energy 2%
Other 1%
Long book by quarter
What does Betterment LLC own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 14, 2026 | 615 | $52.79B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 551 | $52.49B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 13, 2025 | 522 | $50.60B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 497 | $46.96B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 458 | $42.15B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 444 | $41.96B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 421 | $41.82B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 392 | $38.60B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 10, 2024 | 352 | $35.94B | $K fixed canonical | SEC ↗ |
Similar funds
Mirae Asset Global Investments Co., Ltd.BROOKFIELD Corp /ON/MITSUBISHI UFJ FINANCIAL GROUP INCLoews CorpWealthNavi Inc.HORIZON KINETICS ASSET MANAGEMENT LLCMunicipal Employees' Retirement System of MichiganCAMBRIDGE ASSOCIATES LLC /MA/ /ADVJapan Post Holdings Co., Ltd.WIT, LLCNEPC LLCSUMITOMO MITSUI FINANCIAL GROUP, INC.