# Rakuten Investment Management, Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 2062680. Source: https://holderbook.com/funds/2062680-rakuten-investment-management-inc/

- Reported value: $34.6B
- Positions: 467
- Weight of the ten largest: 77.5%
- Filed: 2026-08-18

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $18.2B | 49,708,819 | 52.7% | 25 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $2.4B | 15,258,597 | 6.9% | 25 |
| VANGUARD STAR FDS | [VXUS](https://holderbook.com/stocks/VXUS/) | $1.5B | 18,045,200 | 4.4% | 5 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $1.5B | 47,138,834 | 4.3% | 5 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $929.6M | 4,767,757 | 2.7% | 9 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $650.4M | 955,039 | 1.9% | 5 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $516.7M | 1,401,812 | 1.5% | 5 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $396.1M | 1,119,897 | 1.1% | 9 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $361.2M | 969,839 | 1.0% | 9 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $343.2M | 299,691 | 1.0% | 5 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $323.2M | 919,979 | 0.9% | 9 |
| VANGUARD WHITEHALL FDS | [VYM](https://holderbook.com/stocks/VYM/) | $268.6M | 1,695,054 | 0.8% | 25 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $248.8M | 442,233 | 0.7% | 9 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $247.3M | 600,424 | 0.7% | 9 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $166.1M | 1,261,023 | 0.5% | 9 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $160.0M | 130,079 | 0.5% | 9 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $144.4M | 438,419 | 0.4% | 9 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $125.4M | 1,094,543 | 0.4% | 5 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $111.9M | 951,009 | 0.3% | 9 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $107.4M | 385,680 | 0.3% | 9 |
| SCHWAB STRATEGIC TR | [SCHE](https://holderbook.com/stocks/SCHE/) | $105.9M | 2,945,288 | 0.3% | 25 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $101.8M | 393,806 | 0.3% | 9 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $101.2M | 106,891 | 0.3% | 9 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $93.2M | 272,694 | 0.3% | 9 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $92.3M | 678,619 | 0.3% | 9 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $78.1M | 75,605 | 0.2% | 5 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $76.6M | 275,841 | 0.2% | 9 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $75.3M | 263,737 | 0.2% | 5 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $74.9M | 1,014,525 | 0.2% | 9 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $73.5M | 289,091 | 0.2% | 5 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $68.4M | 91,857 | 0.2% | 25 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $67.6M | 132,660 | 0.2% | 9 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $65.1M | 195,958 | 0.2% | 5 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $63.8M | 170,735 | 0.2% | 9 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $63.2M | 546,398 | 0.2% | 5 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $62.3M | 148,509 | 0.2% | 9 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $58.3M | 308,812 | 0.2% | 9 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $57.2M | 162,910 | 0.2% | 9 |
| ISHARES TR | [USRT](https://holderbook.com/stocks/USRT/) | $56.9M | 841,781 | 0.2% | 17 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $56.5M | 380,603 | 0.2% | 9 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $55.7M | 27,159 | 0.2% | 3 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $54.2M | 83,124 | 0.2% | 5 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $54.0M | 911,706 | 0.2% | 25 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $52.4M | 633,433 | 0.2% | 9 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $52.3M | 404,114 | 0.2% | 9 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $51.3M | 304,685 | 0.1% | 9 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $49.2M | 694,424 | 0.1% | 9 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $49.2M | 48,251 | 0.1% | 9 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $48.6M | 44,108 | 0.1% | 7 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $46.6M | 254,918 | 0.1% | 9 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $45.7M | 329,506 | 0.1% | 9 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $45.2M | 60,890 | 0.1% | 9 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $42.7M | 153,622 | 0.1% | 9 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $41.8M | 500,764 | 0.1% | 5 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $41.3M | 195,276 | 0.1% | 9 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $41.3M | 279,196 | 0.1% | 9 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $39.8M | 278,967 | 0.1% | 9 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $37.8M | 299,116 | 0.1% | 5 |
| INTUITIVE SURGICAL INC | [ISRG](https://holderbook.com/stocks/ISRG/) | $34.7M | 85,388 | 0.1% | 9 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $34.1M | 187,173 | 0.1% | 1 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $33.5M | 201,373 | 0.1% | 1 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $33.3M | 45,934 | 0.1% | 5 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $32.9M | 128,755 | 0.1% | 9 |
| APPLOVIN CORP | [APP](https://holderbook.com/stocks/APP/) | $32.6M | 65,389 | 0.1% | 8 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $31.0M | 116,204 | 0.1% | 9 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $30.8M | 60,839 | 0.1% | 9 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $30.6M | 61,183 | 0.1% | 9 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $30.2M | 341,078 | 0.1% | 9 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $30.1M | 683,214 | 0.1% | 9 |
| STARBUCKS CORP | [SBUX](https://holderbook.com/stocks/SBUX/) | $28.6M | 274,569 | 0.1% | 9 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $28.2M | 286,332 | 0.1% | 9 |
| T-MOBILE US INC | [TMUS](https://holderbook.com/stocks/TMUS/) | $28.1M | 161,601 | 0.1% | 9 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $27.5M | 331,167 | 0.1% | 19 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $27.4M | 180,925 | 0.1% | 9 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $27.2M | 126,533 | 0.1% | 1 |
| TERADYNE INC | [TER](https://holderbook.com/stocks/TER/) | $26.8M | 57,937 | 0.1% | 9 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $26.5M | 97,106 | 0.1% | 5 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $26.3M | 115,381 | 0.1% | 5 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $25.5M | 40,620 | 0.1% | 9 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $24.8M | 1,138,421 | 0.1% | 5 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $24.8M | 66,470 | 0.1% | 9 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $24.4M | 268,961 | 0.1% | 5 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $24.0M | 318,366 | 0.1% | 9 |
| ISHARES TR | [AGG](https://holderbook.com/stocks/AGG/) | $24.0M | 241,493 | 0.1% | 7 |
| MONOLITHIC PWR SYS INC | [MPWR](https://holderbook.com/stocks/MPWR/) | $23.7M | 18,041 | 0.1% | 5 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $22.7M | 931,567 | 0.1% | 9 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $22.2M | 56,687 | 0.1% | 8 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $21.6M | 208,478 | 0.1% | 9 |
| CSX CORP | [CSX](https://holderbook.com/stocks/CSX/) | $21.5M | 447,796 | 0.1% | 9 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $21.2M | 152,488 | 0.1% | 9 |
| MARRIOTT INTL INC NEW | [MAR](https://holderbook.com/stocks/MAR/) | $21.1M | 56,182 | 0.1% | 9 |
| PROGRESSIVE CORP | [PGR](https://holderbook.com/stocks/PGR/) | $21.0M | 95,611 | 0.1% | 9 |
| SALESFORCE INC | [CRM](https://holderbook.com/stocks/CRM/) | $20.9M | 132,625 | 0.1% | 9 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $20.8M | 859,870 | 0.1% | 9 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $20.8M | 199,498 | 0.1% | 9 |
| CONSTELLATION ENERGY CORP | [CEG](https://holderbook.com/stocks/CEG/) | $20.6M | 79,558 | 0.1% | 9 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $20.4M | 45,596 | 0.1% | 9 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $20.3M | 100,397 | 0.1% | 3 |
| S&P GLOBAL INC | [SPGI](https://holderbook.com/stocks/SPGI/) | $20.3M | 49,588 | 0.1% | 9 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $20.2M | 273,210 | 0.1% | 9 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +14.3% | +14.8% | -0.5% | 100% |
| Q1 2026 | -3.3% | -4.6% | +1.3% | 101% |
| Q4 2025 | +1.3% | +2.4% | -1.1% | 104% |
| Q2 2025 | +10.1% | +10.5% | -0.3% | 100% |
| Q4 2024 | +1.9% | +2.1% | -0.2% | 100% |
| Q3 2024 | +5.9% | +5.4% | +0.5% | 99% |
| Q2 2024 | +2.9% | +4.0% | -1.2% | 100% |
| Q1 2024 | +9.1% | +10.0% | -0.9% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $34.6B | 467 |
| Q1 2026 | $49.2B | 464 |
| Q4 2025 | $29.7B | 607 |
| Q3 2025 | $28.1B | 637 |
| Q1 2025 | $21.8B | 694 |
| Q3 2024 | $17.1B | 533 |
| Q2 2024 | $15.2B | 536 |
| Q1 2024 | $13.6B | 533 |
| Q4 2023 | $11.4B | 527 |
| Q3 2023 | $9.7B | 21 |
| Q2 2023 | $9.3B | 21 |
| Q1 2023 | $8.3B | 21 |