Rakuten Investment Management, Inc.
Long book
$49.19B
Q1 2026
Positions
464
Top-10 weight
87%
concentration
Last quarter
+14.2%
SPY +14.8%
Turnover
24%
of book per quarter
Strategy in plain words
auto-generated from filingsRakuten Investment Management, Inc. is a wealth-management firm allocating client money, running a $49.19B US long book across 464 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is modest: positions are typically held for years. Current anchor positions: VANGUARD TOTAL STOCK MKT ETF, VANGUARD TOT WORLD STK ETF, SCHWAB US DVD EQUITY ETF, VANGUARD TOTAL INTL STOCK, VANGUARD S&P 500 ETF.
Over the last 7 quarters its long book ran on average 0.1pp per quarter behind the S&P 500, beating the index in 2 of 7 quarters. Its holdings are mechanical (indexing / client flows), so position changes carry no stock-picking signal.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.3%
Q2 2024
+6.2%
Q3 2024
+2.3%
Q1 2025
+10.6%
Q3 2025
+2.1%
Q4 2025
-3.0%
Q1 2026
+14.2%
Sector allocation
Technology 43%
Industrials 11%
Healthcare 8%
Financials 8%
Consumer discretionary 7%
Services media 6%
Energy 4%
Utilities 4%
Long book by quarter
What does Rakuten Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| NVDA NVIDIA CORP | Technology | 4.2M | $700.4M | 1.4% | +12.9% |
| MSFT MICROSOFT CORP | Technology | 1.2M | $446.1M | 0.9% | +12.2% |
| GOOGL ALPHABET INC-CL A | Technology | 988.5K | $270.4M | 0.5% | +12.5% |
| AVGO BROADCOM INC | Technology | 845.9K | $248.2M | 0.5% | +15.1% |
| GOOG ALPHABET INC-CL C | Technology | 819.9K | $223.9M | 0.5% | +12.7% |
| META META PLATFORMS INC-CLASS A | Technology | 387.3K | $207.7M | 0.4% | +12.7% |
| TSLA TESLA INC | Industrials | 524.9K | $186.5M | 0.4% | +14.9% |
| WMT WALMART INC | Consumer discretionary | 939.3K | $116.0M | 0.2% | +62.8% |
| JPM JPMORGAN CHASE & CO | Financials | 401.4K | $113.9M | 0.2% | +11.7% |
| XOM EXXON MOBIL CORP | Energy | 622.1K | $106.7M | 0.2% | +11.7% |
| LLY ELI LILLY & CO | Healthcare | 118.2K | $104.8M | 0.2% | +12.6% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 92.1K | $91.8M | 0.2% | +12.0% |
| JNJ JOHNSON & JOHNSON | Healthcare | 357.6K | $86.7M | 0.2% | +12.9% |
| MU MICRON TECHNOLOGY INC | Technology | 266.1K | $85.6M | 0.2% | +15.8% |
| NFLX NETFLIX INC | Services media | 876.8K | $81.5M | 0.2% | +11.5% |
| V VISA INC-CLASS A SHARES | Services media | 249.7K | $74.8M | 0.2% | +12.2% |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 474.4K | $65.3M | 0.1% | +12.0% |
| CSCO CISCO SYSTEMS INC | Technology | 819.7K | $63.2M | 0.1% | +12.0% |
| MA MASTERCARD INC - A | Services media | 122.5K | $60.5M | 0.1% | +12.1% |
| CVX CHEVRON CORP | Energy | 280.1K | $59.0M | 0.1% | +11.8% |
| LRCX LAM RESEARCH CORP | Industrials | 288.2K | $57.6M | 0.1% | +8.5% |
| ABBV ABBVIE INC | Healthcare | 262.3K | $55.9M | 0.1% | +12.8% |
| PG PROCTER & GAMBLE CO/THE | Other | 345.5K | $50.0M | 0.1% | +12.4% |
| HD HOME DEPOT INC | Consumer discretionary | 147.7K | $47.8M | 0.1% | +12.8% |
| INTC INTEL CORP | Technology | 1.1M | $46.6M | 0.1% | +16.2% |
| CAT CATERPILLAR INC | Industrials | 69.2K | $46.2M | 0.1% | +12.3% |
| KO COCA-COLA CO/THE | Consumer staples | 585.3K | $44.6M | 0.1% | +12.9% |
| PEP PEPSICO INC | Consumer staples | 283.8K | $44.5M | 0.1% | +11.8% |
| KLAC KLA CORP | Other | 31.6K | $43.7M | 0.1% | +10.2% |
| MRK MERCK & CO. INC. | Healthcare | 368.4K | $43.5M | 0.1% | +12.5% |
| GE GENERAL ELECTRIC | Industrials | 156.0K | $42.6M | 0.1% | +12.2% |
| TXN TEXAS INSTRUMENTS INC | Technology | 220.0K | $41.0M | 0.1% | +10.8% |
| PM PHILIP MORRIS INTERNATIONAL | Consumer staples | 231.0K | $38.1M | 0.1% | +12.8% |
| GS GOLDMAN SACHS GROUP INC | Financials | 44.5K | $35.9M | 0.1% | +12.5% |
| WFC WELLS FARGO & CO | Financials | 461.3K | $35.4M | 0.1% | +11.0% |
| UNH UNITEDHEALTH GROUP INC | Financials | 134.4K | $35.2M | 0.1% | +12.8% |
| ORCL ORACLE CORP | Technology | 253.2K | $35.1M | 0.1% | +13.7% |
| GILD GILEAD SCIENCES INC | Healthcare | 257.5K | $35.1M | 0.1% | +11.9% |
| QCOM QUALCOMM INC | Technology | 268.4K | $34.1M | 0.1% | +17.3% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 73.7K | $33.3M | 0.1% | +11.7% |
| IBM INTL BUSINESS MACHINES CORP | Technology | 138.7K | $32.9M | 0.1% | +12.9% |
| GEV GE VERNOVA INC | Industrials | 40.2K | $32.9M | 0.1% | +12.1% |
| MCD MCDONALD'S CORP | Consumer discretionary | 105.7K | $32.6M | 0.1% | +12.7% |
| VZ VERIZON COMMUNICATIONS INC | Communications | 625.8K | $31.5M | 0.1% | +12.8% |
| T AT&T INC | Communications | 1.0M | $30.0M | 0.1% | +11.6% |
| HON HONEYWELL INTERNATIONAL INC | Industrials | 131.8K | $29.4M | 0.1% | +11.9% |
| TMUS T-MOBILE US INC | Communications | 136.9K | $29.3M | 0.1% | +9.8% |
| NEE NEXTERA ENERGY INC | Utilities | 307.9K | $28.3M | 0.1% | +12.8% |
| MS MORGAN STANLEY | Financials | 177.8K | $28.2M | 0.1% | +12.2% |
| C CITIGROUP INC | Financials | 261.4K | $28.0M | 0.1% | +10.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 12, 2026 | 509 | $49.19B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 607 | $29.69B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 30, 2025 | 640 | $28.10B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 694 | $21.85B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | May 15, 2025 | 533 | $17.12B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | May 15, 2025 | 536 | $15.24B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2025 | 533 | $13.64B | canonical | SEC ↗ |