Rakuten Investment Management, Inc.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2025), Rakuten Investment Management, Inc. reported 533 stock positions worth $13.6 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 76.4% of the portfolio, followed by Vanguard Tot World STK ETF (VT, 13.0%) and Vanguard High DVD Yield ETF (VYM, 0.8%). Compared with Q4 2023, it opened 15 new positions, sold out of 9, added to 495 and reduced 11. The biggest buy was Nvidia (NVDA, shares +1243%) and the biggest sale Vanguard Int-Term Corporate (VCIT, shares −28%).

Most Recent 13F
Q2 2026
Location
TOKYO, M0
CIK
0002062680
Portfolio Value
$13.6B (Q1 2024)
SEC Filing
0000898432-25-000377 ↗ filed May 15, 2025

Holdings Value

0$10.0B$20.0B$30.0B$40.0B$50.0B Q1 2024: $13.6B $13.6B Q1 2024 Q2 2024: $15.2B Q2 2024 Q3 2024: $17.1B Q3 2024 Q1 2025: $21.8B Q1 2025 Q3 2025: $28.1B Q3 2025 Q4 2025: $29.7B Q4 2025 Q1 2026: $49.2B Q1 2026 Q2 2026: $34.6B Q2 2026

Holdings 533 stocks · $13.6B
VTI VG Morningstar TS MKT ETF-US 76.44% 40,103,027 $10.4B Add +2.3%
VT Vanguard Tot World STK ETF 13.02% 16,068,297 $1.8B Add +0.2%
VYM Vanguard High DVD Yield ETF 0.82% 928,554 $112.3M Add +2.7%
AAPL Apple Inc. 0.56% 449,154 $77.0M Add +1117.8%
NVDA Nvidia Corp. 0.54% 82,035 $74.1M Add +1243.1%
AMZN Amazon.com Inc. 0.38% 285,809 $51.6M Add +1163.2%
IVV iShares Core S&P 500 ETF 0.27% 68,901 $36.2M Add +12.7%
META Meta Platforms Inc. Class A 0.26% 72,324 $35.1M Add +1217.1%
SCHE Schwab Emrg Mrkts Eqty ETF 0.23% 1,264,740 $31.9M Add +13.2%
USMV iShares MSCI USA Min Vol Fac 0.20% 332,703 $27.8M Reduce -0.7%
GOOGL Alphabet Inc. Class A 0.20% 180,714 $27.3M Add +1134.0%
AVGO Broadcom Inc. 0.19% 19,518 $25.9M Add +1692.3%
GOOG Alphabet Inc. Class C 0.17% 155,618 $23.7M Add +1146.0%
VWO Vanguard Ftse Emerging Marke 0.17% 546,700 $22.8M Add +1.2%
VCIT Vanguard Int-Term Corporate 0.15% 247,167 $19.9M Reduce -28.3%
USRT iShares Core US REIT ETF 0.14% 350,427 $18.9M Add +20.5%
BRK.B Berkshire Hathaway Inc. Class B 0.14% 44,551 $18.7M Add +978.2%
LLY Eli Lilly & Co. 0.12% 21,525 $16.7M Add +969.3%
TSLA Tesla Inc. 0.12% 93,186 $16.4M Add +1249.5%
JPM JPMorgan Chase & Co. 0.11% 77,740 $15.6M Add +985.8%
AMD Advanced Micro Devices 0.11% 83,391 $15.1M Add +1986.9%
XOM Exxon Mobil Corp. 0.09% 107,004 $12.4M Add +980.2%
VCSH Vanguard S/T Corp. Bond ETF 0.09% 160,659 $12.4M Reduce -22.6%
UNH Unitedhealth Group Inc. 0.09% 24,872 $12.3M Add +987.1%
V Visa Inc. Class A 0.09% 42,540 $11.9M Add +977.0%
COST Costco Wholesale Corp. 0.09% 16,187 $11.9M Add +1378.3%
USHY iShares Broad Usd High Yield 0.09% 316,941 $11.6M Reduce -20.7%
MA Mastercard Inc. Class A 0.08% 22,292 $10.7M Add +983.7%
QCOM Qualcomm Inc. 0.08% 63,271 $10.7M Add +2197.4%
PG The Procter & Gamble Co. 0.08% 63,307 $10.3M Add +986.3%
HD Home Depot Inc. 0.08% 26,763 $10.3M Add +982.2%
JNJ Johnson & Johnson 0.08% 64,733 $10.2M Add +987.4%
INTC Intel Corp. 0.07% 220,404 $9.7M Add +2018.0%
NFLX Netflix Inc. 0.07% 15,830 $9.6M Add +1357.6%
EFAV iShares MSCI Eafe Min Vol Fa 0.07% 129,905 $9.2M Add +3.3%
MRK Merck & Co. Inc. 0.07% 68,140 $9.0M Add +986.9%
PEP Pepsico Inc. 0.06% 50,207 $8.8M Add +1376.7%
ADBE Adobe Inc. 0.06% 16,507 $8.3M Add +1366.0%
AMAT Applied Materials Inc. 0.06% 40,223 $8.3M Add +1844.1%
CRM Salesforce Inc. 0.06% 26,068 $7.9M Add +983.5%
CVX Chevron Corp. 0.05% 47,103 $7.4M Add +974.7%
CSCO Cisco Systems Inc. 0.05% 148,097 $7.4M Add +1378.6%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.05% 187,509 $7.1M Add +989.0%
HYLB Xtrackers Usd High Yield Cor 0.05% 196,151 $7.0M Reduce -4.1%
INTU Intuit Inc. 0.05% 10,212 $6.6M Add +1373.6%
KO The Coca-Cola Co. 0.05% 106,502 $6.5M Add +989.2%
CMCSA Comcast Corp. Class A 0.05% 145,486 $6.3M Add +1354.6%
TMO Thermo Fisher Scientific Inc. 0.04% 10,409 $6.0M Add +990.0%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.04% 49,427 $6.0M Add +992.5%
EFA iShares MSCI Eafe ETF 0.04% 74,893 $6.0M No change
AMGN Amgen Inc. 0.04% 19,527 $5.6M Add +1374.8%
MCD McDonald's Corp. 0.04% 19,505 $5.5M Add +986.0%
ORCL Oracle Corp. 0.04% 43,349 $5.4M Add +992.5%
KLAC KLA Corp. 0.04% 7,659 $5.4M Add +2172.7%
ABT Abbott Laboratories 0.04% 46,683 $5.3M Add +987.7%
GE General Electric 0.04% 29,266 $5.1M Add +987.1%
ISRG Intuitive Surgical Inc. 0.04% 12,851 $5.1M Add +1377.1%
VCLT Vanguard Long-Term Corp. Bond 0.04% 64,551 $5.0M Reduce -1.1%
HON Honeywell International Inc. 0.04% 24,034 $4.9M Add +1371.8%
VZ Verizon Communications Inc. 0.03% 113,053 $4.7M Add +987.5%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.03% 24,589 $4.7M Add +989.9%
BKNG Booking Holdings Inc. 0.03% 1,266 $4.6M Add +1355.2%
DHR Danaher Corp. 0.03% 18,068 $4.5M Add +989.8%
PFE Pfizer Inc. 0.03% 152,539 $4.2M Add +992.5%
NOW ServiceNow Inc. 0.03% 5,513 $4.2M Add +987.4%
TMUS T-Mobile US Inc. 0.03% 25,408 $4.1M Add +1895.9%
UBER Uber Technologies Inc. 0.03% 53,756 $4.1M Add +741.4%
COP Conocophillips 0.03% 31,760 $4.0M Add +978.8%
LOW Lowe's Cos Inc. 0.03% 15,465 $3.9M Add +983.7%
VRTX Vertex Pharmaceuticals Inc. 0.03% 9,407 $3.9M Add +1376.8%
PM Philip Morris International 0.03% 41,860 $3.8M Add +990.7%
SBUX Starbucks Corp. 0.03% 41,417 $3.8M Add +1364.5%
ADP Automatic Data Processing 0.03% 14,989 $3.7M Add +1373.8%
REGN Regeneron Pharmaceuticals 0.03% 3,889 $3.7M Add +1367.5%
SPGI S&P Global Inc. 0.03% 8,663 $3.7M Add +980.2%
GS Goldman Sachs Group Inc. 0.03% 8,769 $3.7M Add +983.9%
RTX RTX Corp. 0.03% 36,872 $3.6M Add +933.4%
NEE Nextera Energy Inc. 0.03% 55,171 $3.5M Add +987.5%
AXP American Express Co. 0.03% 15,474 $3.5M Add +959.9%
MDLZ Mondelez International Inc. Class A 0.03% 49,244 $3.4M Add +1363.8%
ELV Elevance Health Inc. 0.02% 6,318 $3.3M Add +985.6%
SYK Stryker Corp. 0.02% 9,126 $3.3M Add +987.7%
PGR Progressive Corp. 0.02% 15,737 $3.3M Add +987.6%
C Citigroup Inc. 0.02% 51,175 $3.2M Add +979.4%
PLD Prologis Inc. 0.02% 24,846 $3.2M Add +987.4%
BLK BlackRock Finance Inc. 0.02% 3,837 $3.2M Add +987.0%
SNPS Synopsys Inc. 0.02% 5,559 $3.2M Add +1378.5%
MS Morgan Stanley 0.02% 33,499 $3.2M Add +977.1%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.02% 30,646 $3.1M Add +982.9%
NKE Nike Inc. Class B 0.02% 32,921 $3.1M Add +987.6%
CDNS Cadence Design SYS Inc. 0.02% 9,927 $3.1M Add +1375.0%
MRVL Marvell Technology Inc. 0.02% 42,349 $3.0M Add +6741.5%
BMY Bristol-Myers Squibb Co. 0.02% 55,098 $3.0M Add +986.8%
BA The Boeing Co. 0.02% 15,432 $3.0M Add +995.2%
DE Deere & Co. 0.02% 7,051 $2.9M Add +958.7%
CI The Cigna Group 0.02% 7,866 $2.9M Add +983.5%
MRSH Marsh & McLennan Cos 0.02% 13,239 $2.7M Add +985.2%
CVS CVS Health Corp. 0.02% 34,086 $2.7M Add +973.2%
BSX Boston Scientific Corp. 0.02% 39,393 $2.7M Add +987.9%
LMT Lockheed Martin Corp. 0.02% 5,878 $2.7M Add +972.6%

Show all 533 holdings

Portfolio Sells Q4 2023 → Q1 2024
VCIT Vanguard Int-Term Corporate Reduce -28.3% 0.15% −0.10
IEF iShares 7-10 Year Treasury B Sold out 0.00% −0.06
VCSH Vanguard S/T Corp. Bond ETF Reduce -22.6% 0.09% −0.05
USHY iShares Broad Usd High Yield Reduce -20.7% 0.09% −0.04
USMV iShares MSCI USA Min Vol Fac Reduce -0.7% 0.20% −0.03
HYLB Xtrackers Usd High Yield Cor Reduce -4.1% 0.05% −0.01
VCLT Vanguard Long-Term Corp. Bond Reduce -1.1% 0.04% −0.01
HDV iShares Core High Dividend E Reduce -5.1% 0.01% −0.00
VEA Vanguard Ftse Developed ETF Reduce -1.4% 0.01% −0.00
BAM Brookfield Asset Mgmt-A Sold out 0.00% −0.00
ARM Arm Holdings PLC-ADR Reduce -47.8% 0.00% −0.00
VSTS Vestis Corp. Sold out 0.00% −0.00
FG F&G Annuities & Life Inc. Sold out 0.00% −0.00
VTS Vitesse Energy Inc. Reduce -24.4% 0.00% −0.00
DUOL Duolingo Reduce -50.0% 0.00% −0.00
KVYO Klaviyo Inc. Class A Sold out 0.00% −0.00
MBLY Mobileye Global Inc. Class A Sold out 0.00% −0.00
WHR Whirlpool Corp. Sold out 0.00% −0.00
ZION Zions Bancorp NA Sold out 0.00% −0.00
LCID Lucid Group Inc. Sold out 0.00% 0.00

Portfolio Buys Q4 2023 → Q1 2024
NVDA Nvidia Corp. Add +1243.1% 0.54% +0.52
AAPL Apple Inc. Add +1117.8% 0.56% +0.50
AMZN Amazon.com Inc. Add +1163.2% 0.38% +0.35
META Meta Platforms Inc. Class A Add +1217.1% 0.26% +0.24
GOOGL Alphabet Inc. Class A Add +1134.0% 0.20% +0.18
AVGO Broadcom Inc. Add +1692.3% 0.19% +0.18
GOOG Alphabet Inc. Class C Add +1146.0% 0.17% +0.16
BRK.B Berkshire Hathaway Inc. Class B Add +978.2% 0.14% +0.12
LLY Eli Lilly & Co. Add +969.3% 0.12% +0.11
AMD Advanced Micro Devices Add +1986.9% 0.11% +0.11
TSLA Tesla Inc. Add +1249.5% 0.12% +0.10
JPM JPMorgan Chase & Co. Add +985.8% 0.11% +0.10
XOM Exxon Mobil Corp. Add +980.2% 0.09% +0.08
COST Costco Wholesale Corp. Add +1378.3% 0.09% +0.08
UNH Unitedhealth Group Inc. Add +987.1% 0.09% +0.08
V Visa Inc. Class A Add +977.0% 0.09% +0.08
QCOM Qualcomm Inc. Add +2197.4% 0.08% +0.07
MA Mastercard Inc. Class A Add +983.7% 0.08% +0.07
PG The Procter & Gamble Co. Add +986.3% 0.08% +0.07
HD Home Depot Inc. Add +982.2% 0.08% +0.07
JNJ Johnson & Johnson Add +987.4% 0.08% +0.07
INTC Intel Corp. Add +2018.0% 0.07% +0.07
NFLX Netflix Inc. Add +1357.6% 0.07% +0.07
MRK Merck & Co. Inc. Add +986.9% 0.07% +0.06
PEP Pepsico Inc. Add +1376.7% 0.06% +0.06
AMAT Applied Materials Inc. Add +1844.1% 0.06% +0.06
ADBE Adobe Inc. Add +1366.0% 0.06% +0.06
CRM Salesforce Inc. Add +983.5% 0.06% +0.05
CSCO Cisco Systems Inc. Add +1378.6% 0.05% +0.05
CVX Chevron Corp. Add +974.7% 0.05% +0.05
BAC Bank of America Corp. Add +989.0% 0.05% +0.05
INTU Intuit Inc. Add +1373.6% 0.05% +0.04
KO The Coca-Cola Co. Add +989.2% 0.05% +0.04
CMCSA Comcast Corp. Class A Add +1354.6% 0.05% +0.04
DIS The Walt Disney Co. Add +992.5% 0.04% +0.04
TMO Thermo Fisher Scientific Inc. Add +990.0% 0.04% +0.04
KLAC KLA Corp. Add +2172.7% 0.04% +0.04
AMGN Amgen Inc. Add +1374.8% 0.04% +0.04
ORCL Oracle Corp. Add +992.5% 0.04% +0.04
MCD McDonald's Corp. Add +986.0% 0.04% +0.04
ISRG Intuitive Surgical Inc. Add +1377.1% 0.04% +0.04
ABT Abbott Laboratories Add +987.7% 0.04% +0.03
GE General Electric Add +987.1% 0.04% +0.03
HON Honeywell International Inc. Add +1371.8% 0.04% +0.03
VZ Verizon Communications Inc. Add +987.5% 0.03% +0.03
IBM Intl Business Machines Corp. Add +989.9% 0.03% +0.03
BKNG Booking Holdings Inc. Add +1355.2% 0.03% +0.03
DHR Danaher Corp. Add +989.8% 0.03% +0.03
TMUS T-Mobile US Inc. Add +1895.9% 0.03% +0.03
NOW ServiceNow Inc. Add +987.4% 0.03% +0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 467$34.6BVTI, VT, VXUS, SCHD, NVDA
Q1 2026 464$49.2BVTI, VT, SCHD, VXUS, VOO
Q4 2025 607$29.7BVTI, VT, SCHD, VXUS, NVDA
Q3 2025 637$28.1BVTI, VT, SCHD, VXUS, ORLY
Q1 2025 694$21.8BVTI, VT, SCHD, VXUS, VOO
Q3 2024 533$17.1BVTI, VT, AAPL, NVDA, VYM
Q2 2024 536$15.2BVTI, VT, NVDA, AAPL, VYM
Q1 2024 533$13.6BVTI, VT, VYM, AAPL, NVDA