Rakuten Investment Management, Inc.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed May 15, 2025), Rakuten Investment Management, Inc. reported 533 stock positions worth $17.1 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 71.0% of the portfolio, followed by Vanguard Tot World STK ETF (VT, 11.4%) and Apple (AAPL, 1.3%). Compared with Q2 2024, it opened 8 new positions, sold out of 11, added to 500 and reduced 7. The biggest buy was Apple (AAPL, shares +38%) and the biggest sale iShares Semiconductor ETF (SOXX, shares −34%).

Most Recent 13F
Q2 2026
Location
TOKYO, M0
CIK
0002062680
Portfolio Value
$17.1B (Q3 2024)
SEC Filing
0000898432-25-000379 ↗ filed May 15, 2025

Holdings Value

0$10.0B$20.0B$30.0B$40.0B$50.0B Q1 2024: $13.6B Q1 2024 Q2 2024: $15.2B Q2 2024 Q3 2024: $17.1B $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 · $17.1B
VTI VG Morningstar TS MKT ETF-US 70.99% 43,096,445 $12.2B Add +3.5%
VT Vanguard Tot World STK ETF 11.37% 16,273,697 $1.9B Add +1.0%
AAPL Apple Inc. 1.31% 983,753 $224.1M Add +37.6%
NVDA Nvidia Corp. 1.20% 1,699,199 $206.3M Add +32.1%
VYM Vanguard High DVD Yield ETF 0.79% 1,058,854 $135.3M Add +5.9%
AMZN Amazon.com Inc. 0.68% 622,254 $117.0M Add +35.6%
META Meta Platforms Inc. Class A 0.51% 154,524 $87.7M Add +33.8%
AVGO Broadcom Inc. 0.42% 419,452 $72.4M Add +33.2%
GOOGL Alphabet Inc. Class A 0.37% 383,955 $62.9M Add +33.4%
IVV iShares Core S&P 500 ETF 0.32% 95,069 $54.6M Add +37.3%
GOOG Alphabet Inc. Class C 0.31% 325,954 $53.9M Add +32.1%
TSLA Tesla Inc. 0.31% 201,551 $52.5M Add +34.3%
SCHE Schwab Emrg Mrkts Eqty ETF 0.29% 1,667,980 $49.2M Add +21.8%
BRK.B Berkshire Hathaway Inc. Class B 0.25% 94,512 $43.2M Add +34.6%
LLY Eli Lilly & Co. 0.23% 45,066 $39.6M Add +31.9%
JPM JPMorgan Chase & Co. 0.20% 161,700 $34.0M Add +32.2%
COST Costco Wholesale Corp. 0.18% 35,204 $31.2M Add +34.5%
VWO Vanguard Ftse Emerging Marke 0.18% 639,945 $30.9M Add +7.9%
UNH Unitedhealth Group Inc. 0.18% 52,267 $30.4M Add +33.3%
XOM Exxon Mobil Corp. 0.17% 252,531 $29.2M Add +32.2%
AMD Advanced Micro Devices 0.17% 176,304 $29.0M Add +36.8%
USRT iShares Core US REIT ETF 0.16% 434,727 $26.6M Add +7.1%
USMV iShares MSCI USA Min Vol Fac 0.16% 291,703 $26.6M Reduce -1.6%
VCIT Vanguard Int-Term Corporate 0.15% 310,567 $26.1M Add +27.9%
V Visa Inc. Class A 0.15% 92,890 $25.6M Add +38.4%
NFLX Netflix Inc. 0.14% 34,112 $24.1M Add +34.0%
PG The Procter & Gamble Co. 0.14% 133,501 $23.2M Add +33.0%
MA Mastercard Inc. Class A 0.14% 46,844 $23.1M Add +33.4%
HD Home Depot Inc. 0.13% 56,187 $22.4M Add +33.1%
JNJ Johnson & Johnson 0.13% 136,391 $22.0M Add +33.0%
PEP Pepsico Inc. 0.11% 109,073 $18.5M Add +34.3%
QCOM Qualcomm Inc. 0.11% 108,762 $18.5M Add +36.6%
ADBE Adobe Inc. 0.11% 35,265 $18.2M Add +33.1%
AMAT Applied Materials Inc. 0.10% 83,675 $17.1M Add +35.0%
CSCO Cisco Systems Inc. 0.10% 319,922 $17.0M Add +34.1%
MRK Merck & Co. Inc. 0.10% 143,593 $16.3M Add +33.1%
KO The Coca-Cola Co. 0.09% 223,697 $16.1M Add +33.1%
ORCL Oracle Corp. 0.09% 91,611 $15.5M Add +33.5%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.09% 387,781 $15.3M Add +32.0%
CRM Salesforce Inc. 0.09% 55,022 $15.2M Add +32.9%
CVX Chevron Corp. 0.08% 97,290 $14.2M Add +32.3%
AMGN Amgen Inc. 0.08% 42,652 $13.8M Add +34.8%
INTU Intuit Inc. 0.08% 22,199 $13.7M Add +34.5%
ISRG Intuitive Surgical Inc. 0.08% 28,182 $13.5M Add +34.7%
VCSH Vanguard S/T Corp. Bond ETF 0.08% 169,059 $13.4M Add +7.6%
TMO Thermo Fisher Scientific Inc. 0.08% 21,664 $13.3M Add +33.1%
CMCSA Comcast Corp. Class A 0.07% 308,062 $12.8M Add +32.6%
MCD McDonald's Corp. 0.07% 40,708 $12.4M Add +32.6%
USHY iShares Broad Usd High Yield 0.07% 317,541 $12.0M Add +3.9%
INTC Intel Corp. 0.07% 500,029 $12.0M Add +46.2%
KLAC KLA Corp. 0.07% 15,014 $11.7M Add +29.0%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 0.07% 52,148 $11.5M Add +33.4%
GE General Electric filed as GE AEROSPACE 0.07% 61,629 $11.4M Add +32.3%
BKNG Booking Holdings Inc. 0.07% 2,670 $11.3M Add +33.2%
TMUS T-Mobile US Inc. 0.07% 55,016 $11.3M Add +32.7%
ABT Abbott Laboratories 0.06% 98,583 $11.1M Add +33.2%
HON Honeywell International Inc. 0.06% 51,747 $10.7M Add +34.4%
VZ Verizon Communications Inc. 0.06% 238,518 $10.7M Add +33.1%
PM Philip Morris International 0.06% 88,095 $10.6M Add +32.8%
NOW ServiceNow Inc. 0.06% 11,654 $10.3M Add +33.5%
DHR Danaher Corp. 0.06% 36,857 $10.2M Add +28.5%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.06% 103,239 $9.9M Add +32.5%
NEE Nextera Energy Inc. 0.06% 116,415 $9.8M Add +33.1%
VRTX Vertex Pharmaceuticals Inc. 0.06% 20,495 $9.5M Add +34.6%
PFE Pfizer Inc. 0.05% 322,082 $9.4M Add +33.1%
SPGI S&P Global Inc. 0.05% 18,142 $9.3M Add +33.1%
RTX RTX Corp. 0.05% 75,492 $9.1M Add +32.7%
GS Goldman Sachs Group Inc. 0.05% 18,016 $9.0M Add +30.9%
REGN Regeneron Pharmaceuticals 0.05% 8,520 $8.9M Add +34.8%
ADP Automatic Data Processing 0.05% 32,411 $8.8M Add +34.1%
EFAV iShares MSCI Eafe Min Vol Fa 0.05% 114,605 $8.8M Reduce -2.8%
SBUX Starbucks Corp. 0.05% 90,140 $8.8M Add +34.2%
UBER Uber Technologies Inc. 0.05% 115,014 $8.7M Add +33.7%
AXP American Express Co. 0.05% 32,080 $8.7M Add +32.0%
LOW Lowe's Cos Inc. 0.05% 32,289 $8.6M Add +32.5%
PGR Progressive Corp. 0.05% 33,186 $8.3M Add +33.1%
MDLZ Mondelez International Inc. Class A 0.05% 106,176 $7.9M Add +34.0%
HYLB Xtrackers Usd High Yield Cor 0.05% 212,202 $7.8M Add +10.0%
BLK BlackRock Finance Inc. 0.04% 8,060 $7.6M Add +32.7%
TJX TJX Companies Inc. filed as TJX COS INC NEW 0.04% 64,038 $7.5M Add +32.8%
MS Morgan Stanley 0.04% 70,096 $7.3M Add +32.4%
LMT Lockheed Martin Corp. 0.04% 12,090 $7.0M Add +31.9%
SYK Stryker Corp. 0.04% 19,427 $7.0M Add +34.2%
BSX Boston Scientific Corp. 0.04% 83,398 $7.0M Add +33.2%
COP Conocophillips 0.04% 65,856 $6.9M Add +32.0%
ELV Elevance Health Inc. 0.04% 13,149 $6.9M Add +32.8%
C Citigroup Inc. 0.04% 108,094 $6.7M Add +32.9%
PLD Prologis Inc. 0.04% 52,463 $6.6M Add +33.1%
CEG Constellation Energy 0.04% 24,877 $6.4M Add +33.8%
BX Blackstone Inc. 0.04% 40,703 $6.3M Add +33.8%
EFA iShares MSCI Eafe ETF 0.04% 74,893 $6.3M No change
PYPL PayPal Holdings Inc. 0.04% 80,659 $6.3M Add +32.0%
SNPS Synopsys Inc. 0.04% 12,176 $6.3M Add +35.1%
MRSH Marsh & McLennan Cos 0.04% 27,897 $6.2M Add +33.1%
NKE Nike Inc. Class B 0.04% 68,595 $6.1M Add +32.2%
DE Deere & Co. 0.04% 14,622 $6.1M Add +31.7%
AMT American Tower Corp. 0.04% 26,464 $6.1M Add +33.1%
CDNS Cadence Design SYS Inc. 0.03% 21,712 $6.0M Add +35.2%
BMY Bristol-Myers Squibb Co. 0.03% 115,504 $5.9M Add +32.9%
CTAS Cintas Corp. 0.03% 28,997 $5.9M Add +34.0%

Show all 533 holdings

Portfolio Sells Q2 2024 → Q3 2024
SOXX iShares Semiconductor ETF Reduce -33.8% 0.02% −0.01
USMV iShares MSCI USA Min Vol Fac Reduce -1.6% 0.16% −0.01
RMBS Rambus Inc. Sold out 0.00% −0.00
ALGM Allegro Microsystems Inc. Sold out 0.00% −0.00
ETSY Etsy Inc. Reduce -96.0% 0.00% −0.00
EFAV iShares MSCI Eafe Min Vol Fa Reduce -2.8% 0.05% −0.00
ACLS Axcelis Technologies Inc. Sold out 0.00% −0.00
AAL American Airlines Group Inc. Sold out 0.00% −0.00
WOLF Wolfspeed Inc. Sold out 0.00% −0.00
BIO Bio-Rad Laboratories-A Reduce -49.5% 0.00% −0.00
CLF Cleveland-Cliffs Inc. Sold out 0.00% −0.00
CFLT Confluent Inc. Class A Sold out 0.00% −0.00
PCTY Paylocity Holding Corp. Sold out 0.00% −0.00
PATH Uipath Inc. Class A Sold out 0.00% −0.00
U Unity Software Inc. Sold out 0.00% −0.00
CZR Caesars Entertainment Inc. Reduce -9.9% 0.00% −0.00
EDR Endeavor Group Hold Class A Sold out 0.00% −0.00
KLG WK Kellogg Co. Reduce -50.9% 0.00% −0.00

Portfolio Buys Q2 2024 → Q3 2024
AAPL Apple Inc. Add +37.6% 1.31% +0.30
NVDA Nvidia Corp. Add +32.1% 1.20% +0.16
META Meta Platforms Inc. Class A Add +33.8% 0.51% +0.12
TSLA Tesla Inc. Add +34.3% 0.31% +0.11
AVGO Broadcom Inc. Add +33.2% 0.42% +0.10
AMZN Amazon.com Inc. Add +35.6% 0.68% +0.09
IVV iShares Core S&P 500 ETF Add +37.3% 0.32% +0.07
BRK.B Berkshire Hathaway Inc. Class B Add +34.6% 0.25% +0.06
UNH Unitedhealth Group Inc. Add +33.3% 0.18% +0.05
SCHE Schwab Emrg Mrkts Eqty ETF Add +21.8% 0.29% +0.05
JPM JPMorgan Chase & Co. Add +32.2% 0.20% +0.04
HD Home Depot Inc. Add +33.1% 0.13% +0.04
COST Costco Wholesale Corp. Add +34.5% 0.18% +0.04
AMD Advanced Micro Devices Add +36.8% 0.17% +0.03
MA Mastercard Inc. Class A Add +33.4% 0.14% +0.03
V Visa Inc. Class A Add +38.4% 0.15% +0.03
JNJ Johnson & Johnson Add +33.0% 0.13% +0.03
LLY Eli Lilly & Co. Add +31.9% 0.23% +0.03
ORCL Oracle Corp. Add +33.5% 0.09% +0.03
XOM Exxon Mobil Corp. Add +32.2% 0.17% +0.03
NFLX Netflix Inc. Add +34.0% 0.14% +0.03
PG The Procter & Gamble Co. Add +33.0% 0.14% +0.03
CSCO Cisco Systems Inc. Add +34.1% 0.10% +0.02
VCIT Vanguard Int-Term Corporate Add +27.9% 0.15% +0.02
IBM Intl Business Machines Corp. Add +33.4% 0.07% +0.02
KO The Coca-Cola Co. Add +33.1% 0.09% +0.02
MCD McDonald's Corp. Add +32.6% 0.07% +0.02
CRM Salesforce Inc. Add +32.9% 0.09% +0.02
PEP Pepsico Inc. Add +34.3% 0.11% +0.02
TMO Thermo Fisher Scientific Inc. Add +33.1% 0.08% +0.02
PM Philip Morris International Add +32.8% 0.06% +0.02
ISRG Intuitive Surgical Inc. Add +34.7% 0.08% +0.02
GE General Electric Add +32.3% 0.07% +0.02
TMUS T-Mobile US Inc. Add +32.7% 0.07% +0.02
GOOGL Alphabet Inc. Class A Add +33.4% 0.37% +0.02
CMCSA Comcast Corp. Class A Add +32.6% 0.07% +0.02
VEA Vanguard Ftse Developed ETF Add +115.4% 0.03% +0.02
SBUX Starbucks Corp. Add +34.2% 0.05% +0.02
NOW ServiceNow Inc. Add +33.5% 0.06% +0.02
RTX RTX Corp. Add +32.7% 0.05% +0.02
AMGN Amgen Inc. Add +34.8% 0.08% +0.02
LOW Lowe's Cos Inc. Add +32.5% 0.05% +0.02
NEE Nextera Energy Inc. Add +33.1% 0.06% +0.02
VZ Verizon Communications Inc. Add +33.1% 0.06% +0.01
AXP American Express Co. Add +32.0% 0.05% +0.01
SPGI S&P Global Inc. Add +33.1% 0.05% +0.01
VYM Vanguard High DVD Yield ETF Add +5.9% 0.79% +0.01
USRT iShares Core US REIT ETF Add +7.1% 0.16% +0.01
PGR Progressive Corp. Add +33.1% 0.05% +0.01
ADP Automatic Data Processing Add +34.1% 0.05% +0.01

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