CIK: 0002062680
Total reported value
$49.2B
Reporting period: 2026-03-31 · Number of holdings: 509
Rakuten Investment Management, Inc. disclosed 509 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $49.2B and a quarterly turnover rate of 60.6%.
Browse other institutions with $10B to $100B AUMBrowse other institutions starting with "R"
Rakuten Investment Management, Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.411 — mathematically equivalent to about 2 equally-sized positions, well below its 509 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 13.79), with a handful of outsized bets alongside many smaller positions.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 14% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Add VTI
+100.0% $15.5B
Add VT
+100.0% $2.1B
Trim MSFT
+12.2% -$93.3M
Add SCHD
+100.0% $1.1B
Add VXUS
+100.0% $1.1B
Add VOO
+100.0% $529.0M
Rakuten executes a structural pivot from idiosyncratic mega-cap equities to core passive infrastructure. Management actively sold AAPL and AMZN while aggressively adding VTI, VT, VOO, SCHD, and VXUS, signaling a decisive capital rotation toward broad-market beta capture. The fund is defending against single-name risk rather than hunting alpha this quarter.
The embedded macro bet targets developed market liquidity pools, positioning for a regime where earnings growth stabilizes while valuation multiples compress on active names. The opposing thesis dictates that exiting tech giants prematurely severs exposure to the AI productivity cycle, leaving the portfolio vulnerable to relative underperformance in a momentum-driven rally.
With position sizing discipline at zero across 464 holdings, top ETFs function as directional anchors rather than true diversifiers. When volatility expands, the concentrated passive bucket generates non-symmetric drawdowns; active turnover pays heavy execution friction while performance remains tethered to index mandate rebalancing cycles.
Sourced and summarized by AI from public SEC filings, limited to historical activity. Not investment guidance.
Showing top 200 holdings (of 509 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 63.14% | +10.83% | +100.00% | |
| 2 | VT | Vanguard Tot World Stk ETF | ETF-Other | 8.66% | +1.49% | +100.00% | |
| 3 | SCHD | Schwab US Dvd Equity ETF | ETF-Other | 4.58% | +0.78% | +100.00% | |
| 4 | VXUS | Vanguard Total Intl Stock | ETF-Other | 4.48% | +0.77% | +100.00% | |
| 5 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 2.15% | +0.37% | +100.00% | |
| 6 | NVDA | Nvidia CORP | Stock-Tech | 1.42% | — | +12.86% | |
| 7 | MSFT | Microsoft CORP | Stock-Tech | 0.91% | -0.91% | +12.23% | |
| 8 | VYM | Vanguard High Dvd Yield ETF | ETF-Other | 0.81% | +0.14% | +100.00% | |
| 9 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 0.55% | — | +12.45% | |
| 10 | AVGO | Broadcom INC | Stock-Tech | 0.50% | — | +15.12% | |
| 11 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 0.46% | — | +12.71% | |
| 12 | META | Meta Platforms Inc-class A | Stock-Comm Services | 0.42% | -0.34% | +12.72% | |
| 13 | TSLA | Tesla INC | Stock-Consumer Disc | 0.38% | -0.33% | +14.91% | |
| 14 | SCHE | Schwab Emrg Mrkts Eqty ETF | ETF-Other | 0.30% | +0.05% | +100.00% | |
| 15 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.28% | +0.05% | +100.00% | |
| 16 | WMT | Walmart INC | Stock-Consumer Staples | 0.24% | +0.02% | +62.83% | |
| 17 | JPM | Jpmorgan Chase & Co | Stock-Financials | 0.23% | — | +11.74% | |
| 18 | XOM | Exxon Mobil CORP | Stock-Energy | 0.22% | -0.01% | +11.75% | |
| 19 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.21% | — | +12.64% | |
| 20 | COST | Costco Wholesale CORP | Stock-Consumer Staples | 0.19% | -0.05% | +12.01% | |
| 21 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.18% | -0.04% | +12.85% | |
| 22 | USRT | Ishares Core US Reit ETF | ETF-Other | 0.18% | +0.03% | +100.00% | |
| 23 | MU | Micron Technology INC | Stock-Tech | 0.17% | -0.06% | +15.84% | |
| 24 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 0.17% | +0.03% | +100.00% | |
| 25 | NFLX | Netflix INC | Stock-Comm Services | 0.17% | — | +11.46% | |
| 26 | V | Visa Inc-class A Shares | Stock-Financials | 0.15% | — | +12.25% | |
| 27 | VCIT | Vanguard Int-term Corporate | ETF-Corp Bonds | 0.14% | +0.03% | +100.00% | |
| 28 | PLTR | Palantir Technologies Inc-a | Stock-Tech | 0.13% | -0.13% | +12.04% | |
| 29 | CSCO | Cisco Systems INC | Stock-Tech | 0.13% | — | +11.96% | |
| 30 | MA | Mastercard INC - A | Stock-Financials | 0.12% | — | +12.12% | |
| 31 | CVX | Chevron CORP | Stock-Energy | 0.12% | -0.01% | +11.83% | |
| 32 | LRCX | Lam Research CORP | Stock-Tech | 0.12% | -0.04% | +8.53% | |
| 33 | ABBV | Abbvie INC | Stock-Healthcare | 0.11% | — | +12.83% | |
| 34 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.10% | — | +12.35% | |
| 35 | HD | Home Depot INC | Stock-Consumer Disc | 0.10% | — | +12.83% | |
| 36 | INTC | Intel CORP | Stock-Tech | 0.09% | -0.03% | +16.17% | |
| 37 | CAT | Caterpillar INC | Stock-Industrials | 0.09% | — | +12.35% | |
| 38 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 0.09% | +0.01% | +100.00% | |
| 39 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.09% | — | +12.89% | |
| 40 | PEP | Pepsico INC | Stock-Consumer Staples | 0.09% | — | +11.79% | |
| 41 | KLAC | Kla CORP | Stock-Tech | 0.09% | — | +10.22% | |
| 42 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.09% | — | +12.47% | |
| 43 | GE | General Electric | Stock-Industrials | 0.09% | — | +12.20% | |
| 44 | IEMG | Ishares Core Msci Emerging | ETF-Emerging Markets | 0.09% | +0.02% | +100.00% | |
| 45 | TXN | Texas Instruments INC | Stock-Tech | 0.08% | — | +10.82% | |
| 46 | PM | Philip Morris International | Stock-Consumer Staples | 0.08% | — | +12.82% | |
| 47 | GS | Goldman Sachs Group INC | Stock-Financials | 0.07% | — | +12.48% | |
| 48 | WFC | Wells Fargo & Co | Stock-Financials | 0.07% | — | +10.98% | |
| 49 | UNH | Unitedhealth Group INC | Stock-Healthcare | 0.07% | — | +12.82% | |
| 50 | ORCL | Oracle CORP | Stock-Tech | 0.07% | — | +13.75% |
Performance for Q3 2026
—
Performance Last 4 Quarters
—
Based on 0 months of available history
Based on 32% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 509 | $49.2B | 61 | |
| 2025-12-31 | 607 | $29.7B | 40 | |
| 2025-09-30 | 640 | $28.1B | 52 | |
| 2025-03-31 | 694 | $21.8B | 26 | |
| 2024-09-30 | 533 | $17.1B | 12 | |
| 2024-06-30 | 536 | $15.2B | 11 | |
| 2024-03-31 | 533 | $13.6B | 18 | |
| 2023-12-31 | 527 | $11.4B | 16 | |
| 2023-09-30 | 21 | $9.7B | 4 | |
| 2023-06-30 | 21 | $9.3B | 12 | |
| 2023-03-31 | 21 | $8.3B | 13 | |
| 2022-12-31 | 21 | $7.3B | 17 | |
| 2022-09-30 | 21 | $6.1B | 7 | |
| 2022-06-30 | 20 | $5.9B | 8 | |
| 2022-03-31 | 17 | $6.3B | 9 | |
| 2021-12-31 | 19 | $5.8B | 23 | |
| 2021-09-30 | 18 | $4.6B | 14 | |
| 2021-06-30 | 18 | $4.0B | 25 | |
| 2021-03-31 | 16 | $3.1B | 22 | |
| 2020-12-31 | 16 | $2.5B | 27 | |
| 2020-09-30 | 15 | $1.9B | 22 | |
| 2020-06-30 | 15 | $1.5B | 33 | |
| 2020-03-31 | 15 | $1.1B | 6 | |
| 2019-12-31 | 13 | $1.1B | — |
Rakuten Investment Management, Inc.'s most significant position changes for 2026-03-31: Sold out: Apple INC (AAPL); Sold out: Amazon.com INC (AMZN); Sold out: Berkshire Hathaway Inc-cl B (BRK-B); Sold out: Advanced Micro Devices (AMD); Sold out: Bank Of America CORP (BAC).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | VTI | Vanguard Total Stock Mkt ETF | +10.8% | +100.00% | Add |
| 2 | VT | Vanguard Tot World Stk ETF | +1.5% | +100.00% | Add |
| 3 | SCHD | Schwab US Dvd Equity ETF | +0.8% | +100.00% | Add |
| 4 | VXUS | Vanguard Total Intl Stock | +0.8% | +100.00% | Add |
| 5 | VOO | Vanguard S&p 500 ETF | +0.4% | +100.00% | Add |
| 6 | VYM | Vanguard High Dvd Yield ETF | +0.1% | +100.00% | Add |
| 7 | SCHE | Schwab Emrg Mrkts Eqty ETF | +0.1% | +100.00% | Add |
| 8 | IVV | Ishares Core S&p 500 ETF | +0.1% | +100.00% | Add |
| 9 | USRT | Ishares Core US Reit ETF | 0% | +100.00% | Add |
| 10 | VWO | Vanguard Ftse Emerging Marke | 0% | +100.00% | Add |
| 11 | VCIT | Vanguard Int-term Corporate | 0% | +100.00% | Add |
| 12 | WMT | Walmart INC | 0% | +62.83% | Add |
| 13 | IEMG | Ishares Core Msci Emerging | 0% | +100.00% | Add |
| 14 | VEA | Vanguard Ftse Developed ETF | 0% | +100.00% | Add |
| 15 | VCSH | Vanguard S/t CORP Bond ETF | 0% | +100.00% | Add |
| 16 | USHY | Ishares Broad Usd High Yield | 0% | +100.00% | Add |
| 17 | AGG | Ishares Core U.s. Aggregate | 0% | +100.00% | Add |
| 18 | SLB | Slb LTD | 0% | +112.89% | Add |
| 19 | XOM | Exxon Mobil CORP | 0% | +11.75% | Add |
| 20 | CVX | Chevron CORP | 0% | +11.83% | Add |
| 21 | INTC | Intel CORP | 0% | +16.17% | Add |
| 22 | JNJ | Johnson & Johnson | 0% | +12.85% | Add |
| 23 | LRCX | Lam Research CORP | 0% | +8.53% | Add |
| 24 | COST | Costco Wholesale CORP | -0.1% | +12.01% | Add |
| 25 | MU | Micron Technology INC | -0.1% | +15.84% | Add |
| 26 | APP | Applovin Corp-class A | -0.1% | +11.54% | Add |
| 27 | PLTR | Palantir Technologies Inc-a | -0.1% | +12.04% | Add |
| 28 | TSLA | Tesla INC | -0.3% | +14.91% | Add |
| 29 | META | Meta Platforms Inc-class A | -0.3% | +12.72% | Add |
| 30 | MSFT | Microsoft CORP | -0.9% | +12.23% | Add |
| 31 | AAPL | Apple INC | — | EXIT | Sold out |
| 32 | AMZN | Amazon.com INC | — | EXIT | Sold out |
| 33 | BRK-B | Berkshire Hathaway Inc-cl B | — | EXIT | Sold out |
| 34 | AMD | Advanced Micro Devices | — | EXIT | Sold out |
| 35 | BAC | Bank Of America CORP | — | EXIT | Sold out |
| 36 | AMAT | Applied Materials INC | — | EXIT | Sold out |
| 37 | AMGN | Amgen INC | — | EXIT | Sold out |
| 38 | BKNG | Booking Holdings INC | — | EXIT | Sold out |
| 39 | RTX | Rtx CORP | — | EXIT | Sold out |
| 40 | ADI | Analog Devices INC | — | EXIT | Sold out |
| 41 | ABT | Abbott Laboratories | — | EXIT | Sold out |
| 42 | AXP | American Express Co | — | EXIT | Sold out |
| 43 | BA | Boeing Co/the | — | EXIT | Sold out |
| 44 | APH | Amphenol Corp-cl A | — | EXIT | Sold out |
| 45 | ADP | Automatic Data Processing | — | EXIT | Sold out |
| 46 | ANET | Arista Networks INC | — | EXIT | Sold out |
| 47 | ADSK | Autodesk INC | — | EXIT | Sold out |
| 48 | AEP | American Electric Power | — | EXIT | Sold out |
| 49 | ABNB | Airbnb Inc-class A | — | EXIT | Sold out |
| 50 | BNY | Bank Of New York Mellon CORP | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-12 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-10-30 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-09-30 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-06-30 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2023-12-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2025-05-15 | 13F-HR | View on EDGAR |
Institutions with a similar AUM
CIK 0000314969
Total reported value
$49.2B
1,616 stks
2026-03-31
AUM within 0.0% of this institution
CIK 0001420473
Total reported value
$49.2B
530 stks
2026-03-31
AUM within 0.1% of this institution
CIK 0001632972
Total reported value
$49.1B
3,722 stks
2026-03-31
AUM within 0.2% of this institution
Institutions with overlapping top holdings
CIK 0001911000
Total reported value
$191.9M
62 stks
2026-03-31
4 of the top 5 holdings overlap, including Vanguard S&p 500 ETF
CIK 0000733986
Total reported value
$6.3B
60 stks
2026-03-31
3 of the top 5 holdings overlap, including Vanguard S&p 500 ETF
CIK 0000947529
Total reported value
$25.5B
668 stks
2026-03-31
3 of the top 5 holdings overlap, including Vanguard Total Stock Mkt ETF