Betterment 13F annual report
Betterment is an investment fund managing more than $38.6 billion ran by Brian Woldow. There are currently 132 companies in Mr. Woldow’s portfolio. The largest investments include Vanguard Index Fds and Vanguard Tax Managed Intl Fd, together worth $16.4 billion.
$38.6 billion Assets Under Management (AUM)
As of 7th August 2024, Betterment’s top holding is 43,668,978 shares of Vanguard Index Fds currently worth over $10.2 billion and making up 26.4% of the portfolio value.
In addition, the fund holds 124,617,150 shares of Vanguard Tax Managed Intl Fd worth $6.16 billion.
The third-largest holding is Spdr State Street Global Advisors worth $4.58 billion and the next is Vanguard Intl Equity Index F worth $2.57 billion, with 58,813,060 shares owned.
Currently, Betterment's portfolio is worth at least $38.6 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Betterment
The Betterment office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Brian Woldow serves as the Chief Compliance Officer, Betterment Holdings at Betterment.
Recent trades
In the most recent 13F filing, Betterment revealed that it had opened a new position in
Spdr State Street Global Advisors and bought 1,349,895 shares worth $63.7 million.
The investment fund also strengthened its position in Vanguard Tax Managed Intl Fd by buying
5,410,650 additional shares.
This makes their stake in Vanguard Tax Managed Intl Fd total 124,617,150 shares worth $6.16 billion.
On the other hand, there are companies that Betterment is getting rid of from its portfolio.
Betterment closed its position in Ishares on 14th August 2024.
It sold the previously owned 18,921 shares for $1.11 million.
Brian Woldow also disclosed a decreased stake in Vanguard Index Fds by approximately 0.1%.
This leaves the value of the investment at $10.2 billion and 43,668,978 shares.
One of the smallest hedge funds
The two most similar investment funds to Betterment are Wuxi Apptec Co and Venator Capital Management. They manage $38.6 billion and $38.5 billion respectively.
Brian Woldow investment strategy
Betterment’s portfolio is diversified across 9 sectors.
Currently, their heaviest sector is Miscellaneous — making up 0.9% of
the total portfolio value.
The fund focuses on investments in the United States as
14.4% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
14% of the total holdings value.
On the other hand, small-cap stocks make up only 4.5% of the portfolio.
The average market cap of the portfolio companies is close to $322 billion.
The complete list of Betterment trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Vanguard Index Fds |
4.51%
43,668,978
|
$10,199,739,000 | 26.44% |
| Vanguard Tax Managed Intl Fd |
4.54%
124,617,150
|
$6,158,580,000 | 15.96% |
| Spdr State Street Global Advisors |
17.72%
83,251,721
|
$4,582,594,000 | 11.88% |
| Vanguard Intl Equity Index F |
8.01%
58,813,060
|
$2,573,383,000 | 6.67% |
| Ishares Tr |
4.17%
74,802,667
|
$7,444,748,000 | 19.30% |
| Vanguard Charlotte Fds |
11.68%
20,543,114
|
$999,833,000 | 2.59% |
| Goldman Sachs |
14.31%
21,271,844
|
$1,479,124,000 | 3.83% |
| Schwab Strategic Tr |
0.87%
22,391,972
|
$1,089,446,000 | 2.82% |
| Ishares Inc |
4.00%
9,070,055
|
$485,585,000 | 1.26% |
| Ishares |
10.81%
20,346,973
|
$1,616,052,000 | 4.19% |
| SPDR Series Trust |
0.81%
7,067,765
|
$325,770,000 | 0.84% |
| Jp Morgan |
10.52%
5,180,348
|
$261,452,000 | 0.68% |
| Vanguard Malvern Fds |
10.00%
3,009,028
|
$146,058,000 | 0.38% |
| Vanguard Whitehall Fds Inc |
5.82%
2,003,850
|
$127,122,000 | 0.33% |
| Vanguard Bd Index Fd Inc |
3.85%
2,621,963
|
$181,591,000 | 0.47% |
| Engine No. 1 |
21.70%
1,187,388
|
$75,494,000 | 0.20% |
| State Street Global Advisors Inc |
8.85%
1,583,093
|
$72,933,000 | 0.19% |
| Dimensional |
17.28%
2,464,515
|
$87,455,000 | 0.23% |
| Spdr State Street Global Advisors |
Opened
1,349,895
|
$63,702,000 | 0.17% |
| Blackrock Fund Advisors |
170.55%
1,462,724
|
$57,043,000 | 0.15% |
| Dimensional Fund Advisors |
7.74%
2,284,256
|
$75,248,000 | 0.20% |
| Vanguard |
12.26%
835,328
|
$88,666,000 | 0.23% |
| Dimensional Fund Advisors Lp |
19.94%
4,118,703
|
$131,917,000 | 0.34% |
| Vanguard Specialized Portfol |
14.50%
93,591
|
$17,085,000 | 0.04% |
| Vanguard Bd Index Fds |
9.05%
288,102
|
$14,267,000 | 0.04% |
| Goldman Sachs Asset Management Lp |
5.58%
329,437
|
$13,283,000 | 0.03% |
| Avantis |
7.63%
147,172
|
$13,204,000 | 0.03% |
| Cambria Etf Tr |
1.52%
671,779
|
$19,532,000 | 0.05% |
| Graniteshares |
7.71%
466,433
|
$9,497,000 | 0.02% |
| Goldman Sachs |
Opened
317,977
|
$11,585,000 | 0.03% |
| Jp Morgan Investment Management Inc |
Opened
174,732
|
$8,786,000 | 0.02% |
| Xtrackers |
6.06%
239,494
|
$8,492,000 | 0.02% |
| Avantis Intl |
7.42%
100,740
|
$6,543,000 | 0.02% |
| Spdr Sp 500 Etf Tr |
64.02%
9,974
|
$5,428,000 | 0.01% |
| Wisdomtree |
2.85%
251,577
|
$9,419,000 | 0.02% |
| Apple Inc |
5.93%
23,965
|
$5,048,000 | 0.01% |
| Van Eck |
52.75%
150,457
|
$8,000,000 | 0.02% |
| Vanguard Total World Bond Etf |
Opened
60,765
|
$4,132,000 | 0.01% |
| Impact Shares |
2.59%
99,872
|
$3,944,000 | 0.01% |
| American Centy Etf Tr |
305.85%
39,234
|
$3,539,000 | 0.01% |
| First Trust Exchange-Traded Fund VIII |
4.91%
75,337
|
$3,243,000 | 0.01% |
| Invesco Exch Traded Fd Tr Ii |
12.44%
16,245
|
$3,202,000 | 0.01% |
| Pgim Etf Tr |
388.67%
63,898
|
$3,176,000 | 0.01% |
| Vanguard Scottsdale Fds |
6.03%
40,952
|
$3,260,000 | 0.01% |
| Summit Global Investments Llc |
Opened
149,731
|
$3,891,000 | 0.01% |
| Wisdomtree Tr |
0.60%
104,651
|
$4,256,000 | 0.01% |
| Bitwise Asset Management Inc |
5.65%
72,453
|
$2,368,000 | 0.01% |
| Pacer |
59.64%
42,211
|
$2,300,000 | 0.01% |
| Schwab |
1.76%
80,107
|
$3,617,000 | 0.01% |
| Microsoft Corporation |
11.89%
4,518
|
$2,019,000 | 0.01% |
| Vanguard Star Fd |
7.18%
33,108
|
$1,996,000 | 0.01% |
| Vanguard Admiral Fds Inc |
4.57%
19,058
|
$1,872,000 | 0.00% |
| Fidelity Investments |
191.83%
48,216
|
$2,268,000 | 0.01% |
| Blackrock Etf Trust |
Opened
34,423
|
$1,616,000 | 0.00% |
| Invesco Ltd |
14.73%
180,359
|
$6,684,000 | 0.02% |
| ARK ETF Trust |
2.61%
28,475
|
$1,913,000 | 0.00% |
| Spdr Gold Trust |
33.50%
6,511
|
$1,400,000 | 0.00% |
| First Tr Exchange Traded Fd |
0.02%
42,110
|
$1,283,000 | 0.00% |
| Market Vectors Etf Tr |
0.04%
24,531
|
$1,267,000 | 0.00% |
| John Hancock |
5.80%
22,096
|
$1,216,000 | 0.00% |
| Capital Research And Management Co |
69.48%
84,162
|
$2,505,000 | 0.01% |
| Select Sector Spdr Tr |
2.19%
12,626
|
$1,151,000 | 0.00% |
| Schwab Etfs |
160.92%
23,454
|
$1,144,000 | 0.00% |
| J P Morgan Exchange Traded F |
43.64%
39,032
|
$2,376,000 | 0.01% |
| First Trust |
5.73%
18,721
|
$1,025,000 | 0.00% |
| Vaneck Vectors Tr |
6.62%
39,785
|
$946,000 | 0.00% |
| Summit Global Investments Llc |
29.35%
26,621
|
$929,000 | 0.00% |
| Invesco Ltd |
Opened
48,340
|
$1,914,000 | 0.00% |
| Innovator Capital Management Llc |
5.30%
41,764
|
$1,522,000 | 0.00% |
| Cambria Funds |
0.90%
34,867
|
$831,000 | 0.00% |
| Innovator ETFs Trust |
22.59%
49,553
|
$1,793,000 | 0.00% |
| Janus Detroit Str Tr |
Opened
14,919
|
$759,000 | 0.00% |
| Texas Instrs Inc |
2.73%
3,879
|
$755,000 | 0.00% |
| Ishares |
Opened
5,287
|
$924,000 | 0.00% |
| Indexiq Etf Tr |
9.18%
22,512
|
$699,000 | 0.00% |
| Van Eck |
Opened
28,326
|
$1,000,000 | 0.00% |
| Lockheed Martin Corp. |
0.07%
1,429
|
$667,000 | 0.00% |
| Ishares Tr |
Opened
7,993
|
$653,000 | 0.00% |
| Exxon Mobil Corp. |
46.61%
5,602
|
$645,000 | 0.00% |
| Ishares |
Closed
18,921
|
$1,114,000 | |
| Innovator Capital Management Llc |
Opened
19,683
|
$591,000 | 0.00% |
| Home Depot, Inc. |
14.17%
1,692
|
$582,000 | 0.00% |
| Procter And Gamble Co |
3.42%
3,450
|
$569,000 | 0.00% |
| Comcast Corp New |
10.99%
14,507
|
$568,000 | 0.00% |
| Pacer Fds Tr |
34.98%
12,981
|
$565,000 | 0.00% |
| Abrdn Silver Etf Trust |
2.93%
19,528
|
$544,000 | 0.00% |
| EA Series Trust |
Closed
15,841
|
$534,000 | |
| Ishares Gold Trust |
11.65%
11,712
|
$515,000 | 0.00% |
| Mcdonalds Corp |
0.15%
2,003
|
$510,000 | 0.00% |
| Etfs Gold Tr |
2.50%
22,804
|
$507,000 | 0.00% |
| Bny Mellon Etf Trust |
116.02%
4,867
|
$505,000 | 0.00% |
| Dimensional Fund Advisors Lp |
Opened
37,276
|
$1,696,000 | 0.00% |
| EA Series Trust |
8.54%
38,183
|
$1,183,000 | 0.00% |
| Pimco Etf Tr |
49.51%
7,314
|
$686,000 | 0.00% |
| Intuit Inc |
0.14%
703
|
$462,000 | 0.00% |
| Alphabet Inc |
52.88%
2,492
|
$457,000 | 0.00% |
| Autozone Inc. |
Opened
151
|
$448,000 | 0.00% |
| Arch Capital Group Ltd |
Opened
4,431
|
$447,000 | 0.00% |
| NVIDIA Corp |
Opened
3,541
|
$437,000 | 0.00% |
| American Century Investment Management Inc |
76.29%
10,253
|
$418,000 | 0.00% |
| American Century Investment Management Inc |
Opened
5,998
|
$416,000 | 0.00% |
| Victory Portfolios II |
Opened
8,937
|
$411,000 | 0.00% |
| Dbx Etf Tr |
9.69%
16,859
|
$397,000 | 0.00% |
| American Centy Etf Tr |
Opened
12,056
|
$743,000 | 0.00% |
| Abbvie Inc |
13.02%
2,136
|
$366,000 | 0.00% |
| Pimco |
Opened
6,877
|
$358,000 | 0.00% |
| Abbott Labs |
2.89%
3,278
|
$341,000 | 0.00% |
| Amazon.com Inc. |
12.86%
1,755
|
$339,000 | 0.00% |
| Health |
0.17%
2,317
|
$338,000 | 0.00% |
| Goldman Sachs Asset Management Lp |
Opened
12,197
|
$583,000 | 0.00% |
| First Trust |
Closed
5,353
|
$319,000 | |
| Fidelity Investments |
Opened
6,806
|
$318,000 | 0.00% |
| Walmart Inc |
Opened
4,695
|
$318,000 | 0.00% |
| Proshares |
Opened
3,062
|
$294,000 | 0.00% |
| SPDR Series Trust |
Closed
8,719
|
$285,000 | |
| Gentex Corp. |
Closed
7,801
|
$282,000 | |
| J P Morgan Exchange Traded F |
Opened
4,758
|
$281,000 | 0.00% |
| Vanguard |
Opened
2,222
|
$505,000 | 0.00% |
| Ross Stores, Inc. |
Opened
1,898
|
$276,000 | 0.00% |
| Vaneck Digital Assets Llc |
No change
4,035
|
$274,000 | 0.00% |
| J P Morgan Exchange Traded |
Opened
5,150
|
$273,000 | 0.00% |
| Vanguard |
Closed
1,101
|
$262,000 | |
| F/m Investments Llc |
Opened
5,141
|
$257,000 | 0.00% |
| Spdr Index Shs Fds |
19.28%
8,092
|
$257,000 | 0.00% |
| Goldman Sachs Group, Inc. |
Opened
558
|
$252,000 | 0.00% |
| Simplify Asset Management Inc |
Closed
6,388
|
$250,000 | |
| Spdr |
Opened
1,095
|
$248,000 | 0.00% |
| Mastercard Incorporated |
Opened
563
|
$248,000 | 0.00% |
| Clockwise Capital Llc |
Opened
8,666
|
$235,000 | 0.00% |
| Proshares |
No change
8,153
|
$233,000 | 0.00% |
| Vanguard World Fds |
Closed
2,268
|
$232,000 | |
| Spdr State Street Global Advisors |
Closed
7,458
|
$230,000 | |
| Tjx Cos Inc New |
Opened
2,084
|
$229,000 | 0.00% |
| Nuveen |
Opened
5,798
|
$228,000 | 0.00% |
| Disney Walt Co |
10.37%
2,235
|
$222,000 | 0.00% |
| Clockwise Capital Llc |
Closed
8,665
|
$222,000 | |
| Oreilly Automotive Inc |
Opened
210
|
$222,000 | 0.00% |
| Vanguard Scottsdale Fds |
Opened
2,911
|
$221,000 | 0.00% |
| Pacer |
Closed
6,348
|
$220,000 | |
| Dbx Etf Tr |
Opened
5,210
|
$216,000 | 0.00% |
| Wisdomtree |
Closed
4,470
|
$205,000 | |
| First Trust |
Opened
3,638
|
$205,000 | 0.00% |
| Vanguard World Fd |
Closed
3,241
|
$203,000 | |
| Visa Inc |
Opened
764
|
$201,000 | 0.00% |
| Intel Corp. |
1.19%
6,473
|
$200,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 145 holdings | |||
Hedge funds similar to Betterment
- Vista Finance
- Am Squared Ltd
- Foresite Capital Management Ii
- New Legacy
- Portland Hill Asset Management Ltd
- Fort, L.P.
- Essex Private Wealth Management
- Wuxi Apptec Co
- Venator Capital Management
- Harold I. Pratt
- Bc Gestao De Recursos Ltda
- Braemar Ventures Iii, L.P.
- Global Media & Entertainment Investments Ltd
- Magma Venture Partners General Partner