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.

Limited to 30 biggest holdings

$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