Rakuten Investment Management, Inc.

CIK

2062680

Location

TOKYO, M0

Portfolio Value

Large $40,510,930,733

Diversification

Moderately concentrated

Filing Date

Global Rank

#239 / 8,827 ▼ 70 · as of Jun 2026

Top Industry

Semiconductors 20.2%

Period ended 39 days ago

Filed Oct 30, 2026 · 9d

25 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

Unknown

Portfolio style

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

Style

Concentrated

The top 10 positions are 79.8% of the book (60%+)

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

Horizon

Long horizon

Value-weighted holding period 19.3 quarters (12+), a floor since 61.1% of the book was already held when coverage starts

Closest benchmark: every 13F filer's combined book, active share 69.3%; sector active share 59.7% against the combined 13F book's sector weights.

Over time 24 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.

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Portfolio Concentration

569 tracked positions · as of Sep 30, 2026 · Δ vs Jun 30, 2026

Top Position

48.3%

−6.3 pts

Top 5

65.6%

−7.8 pts

Top 10

74.3%

−5.5 pts

HHI

2,438

Moderately concentrated−656

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2026

Sector	% Portfolio	Value	Positions
Unclassified	65.4%	$26,487,296,611	42
Technology	15.6%	$6,312,905,469	101
Communication Services	3.6%	$1,439,012,233	26
Financial Services	3.2%	$1,285,085,073	76
Consumer Cyclical	3.0%	$1,207,801,752	50
Healthcare	2.9%	$1,158,088,646	59
Industrials	2.3%	$936,941,849	73
Consumer Defensive	1.5%	$626,226,166	34
Energy	1.0%	$414,734,592	23
Utilities	0.6%	$241,314,261	31
Basic Materials	0.5%	$204,912,318	22
Real Estate	0.5%	$196,611,763	32

Last Quarter's Activity

Export CSV

Sep 30, 2026 vs Jun 30, 2026

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
SCHD	Schwab U.S. Dividend Equity ETF	+3,545,800	50,684,634	$1,648,771,144
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	+805,629	50,514,448	$18,904,527,019
VXUS	Vanguard Total International Stock ETF	+750,600	18,795,800	$1,596,891,168
NVDA	Nvidia Corp	+443,387	5,211,144	$1,190,121,066
SPCX	Space Exploration Technologies Corp	+387,552	418,672	$63,160,857
APH	Amphenol Corp	+241,302	442,675	$37,317,502
MNST	Monster Beverage Corp	+233,428	425,588	$17,712,972
CRWD	CrowdStrike Holdings, Inc.	+209,052	269,942	$71,467,144
INTC	Intel Corp	+202,975	1,463,998	$176,016,479
MSFT	Microsoft Corp	+143,145	1,544,957	$792,408,445
WMT	Walmart Inc.	+122,056	1,216,599	$126,428,968
GOOGL	Alphabet Inc.	+120,600	1,240,497	$426,830,207
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	+116,700	1,811,754	$281,184,220
AVGO	Broadcom Inc.	+112,136	1,081,975	$379,978,800
SCHE	Schwab Emerging Markets Equity ETF	+102,271	3,047,559	$111,083,525
GOOG	Alphabet Inc.	+101,736	1,021,715	$348,139,169
CSCO	Cisco Systems, Inc.	+98,345	1,049,354	$112,941,971
T	At&T Inc.	+97,743	1,236,164	$30,162,401
NFLX	Netflix Inc	+94,068	1,108,593	$77,135,900
USRT	iShares Core U.S. REIT ETF	+93,900	935,681	$57,619,235
IEMG	iShares Trust	+93,210	298,688	$0
PFE	Pfizer Inc	+91,444	1,023,011	$29,176,273
CMCSA	Comcast Corp	+83,925	943,795	$20,536,979
JEPI	JPMorgan Equity Premium Income ETF	+74,300	325,834	$18,318,387
TSLA	Tesla, Inc.	+73,957	674,381	$239,277,122
No positions match the current search.

Trimmed

Positions the filer reduced

20 positions

Ticker	Company	Δ Shares	Shares	Value
VCIT	VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND	−128,100	203,067	$15,902,176
KHC	Kraft Heinz Co	−76,659	154,987	$3,521,304
VCSH	VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND	−69,200	107,159	$8,278,032
QQQ	Invesco Qqq Trust, Series 1	−31,525	14,409	$10,659,345
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	−24,400	15,234,197	$2,404,717,996
GSG	iShares S&P GSCI Commodity-Indexed Trust	−22,530	95,470	$3,395,867
CSGP	Costar Group, Inc.	−21,657	46,383	$1,270,894
SOXX	iShares Semiconductor ETF	−18,977	12,320	$7,005,644
SWKS	Skyworks Solutions, Inc.	−18,150	17,224	$1,472,307
TRMB	Trimble Inc.	−11,483	26,692	$1,524,380
CLX	Clorox Co	−5,822	14,504	$1,174,969
—		−5,780	68,630	$0
LULU	lululemon athletica inc.	−4,864	11,959	$1,150,336
WRB	Berkley W R Corp	−3,732	39,839	$2,690,726
EBAY	Ebay Inc	−1,179	70,383	$7,464,117
LVS	Las Vegas Sands Corp	−830	47,966	$1,813,594
EFA	iShares MSCI EAFE ETF	−570	73,214	$7,606,202
EEM	iShares MSCI Emerging Markets ETF	−520	49,823	$3,327,678
IYR	iShares U.S. Real Estate ETF	−250	27,286	$2,593,261
MGM	MGM Resorts International	−184	20,160	$625,968
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
AAPL	Apple Inc.	3,087,376	$1,028,157,955
AMZN	Amazon Com Inc	2,096,285	$522,289,407
AMD	Advanced Micro Devices Inc	463,739	$283,696,970
GLDM	World Gold Trust	2,753,716	$226,300,380
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	3,458,100	$211,843,206
BRK-B	Berkshire Hathaway Inc	304,889	$151,819,477
LRCX	Lam Research Corp	377,926	$124,152,470
AMAT	Applied Materials Inc	240,905	$123,193,998
ADI	Analog Devices Inc	166,782	$66,164,087
BAC	Bank Of America Corp	1,166,504	$63,492,812
AMGN	Amgen Inc	143,877	$60,645,594
LIN	Linde PLC	122,835	$58,303,632
RTX	RTX Corp	241,837	$44,897,039
ANET	Arista Networks, Inc.	189,420	$38,564,017
PPLT	abrdn Platinum ETF Trust	2,048,480	$31,567,076
FTNT	Fortinet, Inc.	174,688	$31,227,226
ABT	Abbott Laboratories	311,327	$30,768,447
ETN	Eaton Corp plc	69,707	$29,953,794
ASML	Asml Holding NV	16,125	$29,213,178
AXP	American Express Co	94,679	$28,791,883
ADP	Automatic Data Processing Inc	105,927	$27,335,521
NXPI	NXP Semiconductors N.V.	105,970	$25,171,054
CB	Chubb Ltd	62,885	$20,453,346
ACN	Accenture plc	109,836	$20,140,627
MDT	Medtronic plc	229,753	$19,825,386
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
HON	Honeywell International Inc	76,392	$17,104,168
—		56,239	$11,531,244
RMBS	Rambus Inc	13,968	$1,854,112
PODD	Insulet Corp	11,329	$1,724,840
—		11,369	$1,060,386
IONQ	IonQ, Inc.	19,514	$1,039,315
BLDR	Builders FirstSource, Inc.	11,404	$1,020,429
TTD	Trade Desk, Inc.	45,271	$818,499
GLPI	Gaming & Leisure Properties, Inc.	15,481	$689,368
TAP	Molson Coors Beverage Co	17,009	$662,670
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

569 tracked positions · $40,510,930,733 total · filing declares 569 positions · $40,720,634,687 · as of Sep 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 569 positions by value · page 1 of 12

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
VTI	VANGUARD TOTAL STOCK MARKET INDEX FUND	Added	50,514,448	+805,629	$18,904,527,019	+2.8%	46.67%
VT	VANGUARD TOTAL WORLD STOCK INDEX FUND	Reduced	15,234,197	-24,400	$2,404,717,996	+0.4%	5.94%
SCHD	Schwab U.S. Dividend Equity ETF	Added	50,684,634	+3,545,800	$1,648,771,144	+10.3%	4.07%
VXUS	Vanguard Total International Stock ETF	Added	18,795,800	+750,600	$1,596,891,168	+3.5%	3.94%
NVDA	Nvidia Corp Technology	Added	5,211,144	+443,387	$1,190,121,066	+24.8%	2.94%
AAPL	Apple Inc. Technology	NEW	3,087,376	NEW	$1,028,157,955	NEW	2.54%
MSFT	Microsoft Corp Technology	Added	1,544,957	+143,145	$792,408,445	+51.5%	1.96%
VOO	VANGUARD 500 INDEX FUND	Added	960,843	+5,804	$673,416,424	+2.7%	1.66%
AMZN	Amazon Com Inc Consumer Cyclical	NEW	2,096,285	NEW	$522,289,407	NEW	1.29%
GOOGL	Alphabet Inc. Communication Services	Added	1,240,497	+120,600	$426,830,207	+6.6%	1.05%
AVGO	Broadcom Inc. Technology	Added	1,081,975	+112,136	$379,978,800	+3.7%	0.94%
META	Meta Platforms, Inc. Communication Services	Added	489,194	+46,961	$354,753,704	+42.4%	0.88%
MU	Micron Technology Inc Technology	Added	329,165	+29,474	$350,596,933	+1.3%	0.87%
GOOG	Alphabet Inc. Communication Services	Added	1,021,715	+101,736	$348,139,169	+7.1%	0.86%
AMD	Advanced Micro Devices Inc Technology	NEW	463,739	NEW	$283,696,970	NEW	0.70%
VYM	VANGUARD HIGH DIVIDEND YIELD INDEX FUND	Added	1,811,754	+116,700	$281,184,220	+5.0%	0.69%
TSLA	Tesla, Inc. Consumer Cyclical	Added	674,381	+73,957	$239,277,122	−5.3%	0.59%
GLDM	World Gold Trust	NEW	2,753,716	NEW	$226,300,380	NEW	0.56%
JEPQ	JPMorgan Nasdaq Equity Premium Income ETF	NEW	3,458,100	NEW	$211,843,206	NEW	0.52%
INTC	Intel Corp Technology	Added	1,463,998	+202,975	$176,016,479	−0.0%	0.43%
LLY	ELI LILLY & Co Healthcare	Added	143,640	+13,561	$166,202,971	+6.5%	0.41%
JPM	Jpmorgan Chase & Co Financial Services	Added	477,115	+38,696	$157,843,955	+10.0%	0.39%
BRK-B	Berkshire Hathaway Inc Financial Services	NEW	304,889	NEW	$151,819,477	NEW	0.37%
WMT	Walmart Inc. Consumer Defensive	Added	1,216,599	+122,056	$126,428,968	+2.0%	0.31%
LRCX	Lam Research Corp Technology	NEW	377,926	NEW	$124,152,470	NEW	0.31%
AMAT	Applied Materials Inc Technology	NEW	240,905	NEW	$123,193,998	NEW	0.30%
XOM	ExxonMobil Holdings Corp Energy	Added	740,157	+61,538	$120,460,551	+29.8%	0.30%
JNJ	Johnson & Johnson Healthcare	Added	432,376	+38,570	$114,467,222	+14.5%	0.28%
PLTR	Palantir Technologies Inc. Technology	Added	604,767	+58,369	$113,121,667	+77.5%	0.28%
CSCO	Cisco Systems, Inc. Technology	Added	1,049,354	+98,345	$112,941,971	+1.1%	0.28%
SCHE	Schwab Emerging Markets Equity ETF	Added	3,047,559	+102,271	$111,083,525	+4.0%	0.27%
V	Visa Inc. Financial Services	Added	302,982	+30,288	$108,870,522	+16.4%	0.27%
COST	Costco Wholesale Corp Consumer Defensive	Added	118,071	+11,180	$107,484,754	+7.5%	0.27%
PANW	Palo Alto Networks Inc Technology	Added	216,983	+21,025	$86,209,515	+29.0%	0.21%
ABBV	AbbVie Inc. Healthcare	Added	317,156	+28,065	$82,964,838	+14.0%	0.20%
KLAC	Kla Corp Technology	Added	424,865	+39,185	$82,818,934	−28.8%	0.20%
TXN	Texas Instruments Inc Technology	Added	294,859	+31,122	$82,587,057	+5.1%	0.20%
MA	Mastercard Inc Financial Services	Added	145,308	+12,648	$80,133,002	+17.6%	0.20%
MRVL	Marvell Technology, Inc. Technology	Added	295,690	+19,849	$78,124,254	−4.9%	0.19%
NFLX	Netflix Inc Communication Services	Added	1,108,593	+94,068	$77,135,900	+6.5%	0.19%
CRWD	CrowdStrike Holdings, Inc. Technology	Added	269,942	+209,052	$71,467,144	+53.8%	0.18%
IVV	iShares Core S&P 500 ETF	Added	92,767	+910	$71,045,606	+3.3%	0.18%
CVX	Chevron Corp Energy	Added	345,945	+41,260	$70,645,428	+39.9%	0.17%
SNDK	Sandisk Corp Technology	Added	39,043	+11,884	$67,930,525	+10.0%	0.17%
CAT	Caterpillar Inc Industrials	Added	82,566	+6,961	$66,943,687	−16.9%	0.17%
QCOM	Qualcomm Inc Technology	Added	361,175	+52,363	$66,470,647	+16.5%	0.16%
ADI	Analog Devices Inc Technology	NEW	166,782	NEW	$66,164,087	NEW	0.16%
MRK	Merck & Co., Inc. Healthcare	Added	443,001	+38,887	$64,372,475	+24.0%	0.16%
BAC	Bank Of America Corp Financial Services	NEW	1,166,504	NEW	$63,492,812	NEW	0.16%
SPCX	Space Exploration Technologies Corp Industrials	Added	418,672	+387,552	$63,160,857	+1087.9%	0.16%

Showing the top 50 of 569 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.