RAKUTEN INVESTMENT MANAGEMENT, INC.

Filed: 5/15/2025ACC: 0000898432-25-000372

📋 What this filing means

RAKUTEN INVESTMENT MANAGEMENT, INC. filed this quarterly 13F‑HR report disclosing 21 equity positions with a total reported market value of $7.31B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$7.31B

Total AUM (reported)

49.72M

Total Shares

Allocation by class

TOTAL STK MKT$5.67B77.5%

TT WRLD ST ETF$1.38B18.8%

HIGH DIV YLD$90.01M1.2%

MSCI USA MIN VOL$23.35M0.3%

BROAD USD HIGH$22.72M0.3%

INT-TERM CORP$21.42M0.3%

SHRT TRM CORP BD$21.20M0.3%

Portfolio Concentration

Top 3$7.13B97.5%

4–10$129.62M1.8%

11–25$51.09M0.7%

Top 3 weight

97.5%

Top 10 weight

99.3%

Voting Authority Distribution

Total shares with voting rights: 49.72M

Sole

Full voting authority

49.72M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole21

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings21

Rows:

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares29.56M

TypeSH

Market value$5.67B

77.46%

Sole

29.56M

Shared

0.00

None

0.00

VANGUARD INTL EQUITY INDEX F

SOLE

TT WRLD ST ETF

Shares15.90M

TypeSH

Market value$1.38B

18.84%

Sole

15.90M

Shared

0.00

None

0.00

VANGUARD WHITEHALL FDS

SOLE

HIGH DIV YLD

Shares829.70K

TypeSH

Market value$90.01M

1.23%

Sole

829.70K

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI USA MIN VOL

Shares322.10K

TypeSH

Market value$23.35M

0.32%

Sole

322.10K

Shared

0.00

None

0.00

ISHARES TR

SOLE

BROAD USD HIGH

Shares658.14K

TypeSH

Market value$22.72M

0.31%

Sole

658.14K

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

INT-TERM CORP

Shares275.37K

TypeSH

Market value$21.42M

0.29%

Sole

275.37K

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

SHRT TRM CORP BD

Shares281.56K

TypeSH

Market value$21.20M

0.29%

Sole

281.56K

Shared

0.00

None

0.00

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EMR MKT ETF

Shares482.30K

TypeSH

Market value$19.03M

0.26%

Sole

482.30K

Shared

0.00

None

0.00

SCHWAB STRATEGIC TR

SOLE

EMRG MKTEQ ETF

Shares464.84K

TypeSH

Market value$11.15M

0.15%

Sole

464.84K

Shared

0.00

None

0.00

ISHARES TR

SOLE

7-10 YR TRSY BD

Shares111.77K

TypeSH

Market value$10.75M

0.15%

Sole

111.77K

Shared

0.00

None

0.00

ISHARES TR

SOLE

CORE S&P500 ETF

Shares27.32K

TypeSH

Market value$10.52M

0.14%

Sole

27.32K

Shared

0.00

None

0.00

ISHARES TR

SOLE

CRE U S REIT ETF

Shares167.92K

TypeSH

Market value$8.34M

0.11%

Sole

167.92K

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI EAFE MIN VL

Shares121.81K

TypeSH

Market value$7.81M

0.11%

Sole

121.81K

Shared

0.00

None

0.00

DBX ETF TR

SOLE

XTRACK USD HIGH

Shares195.95K

TypeSH

Market value$6.60M

0.09%

Sole

195.95K

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI EAFE ETF

Shares77.99K

TypeSH

Market value$5.17M

0.07%

Sole

77.99K

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

LG-TERM COR BD

Shares60.44K

TypeSH

Market value$4.62M

0.06%

Sole

60.44K

Shared

0.00

None

0.00

ISHARES S&P GSCI COMMODITY-

SOLE

UNIT BEN INT

Shares96.43K

TypeSH

Market value$2.02M

0.03%

Sole

96.43K

Shared

0.00

None

0.00

ISHARES TR

SOLE

U.S. REAL ES ETF

Shares22.78K

TypeSH

Market value$1.93M

0.03%

Sole

22.78K

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI EMG MKT ETF

Shares49.60K

TypeSH

Market value$1.91M

0.03%

Sole

49.60K

Shared

0.00

None

0.00

ISHARES TR

SOLE

CORE HIGH DV ETF

Shares10.44K

TypeSH

Market value$1.09M

0.01%

Sole

10.44K

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

REAL ESTATE ETF

Shares12.85K

TypeSH

Market value$1.07M

0.01%

Sole

12.85K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	29.56M	SH	$5.67B 77.46%	29.56M
VANGUARD INTL EQUITY INDEX FSOLE	TT WRLD ST ETF	15.90M	SH	$1.38B 18.84%	15.90M
VANGUARD WHITEHALL FDSSOLE	HIGH DIV YLD	829.70K	SH	$90.01M 1.23%	829.70K
ISHARES TRSOLE	MSCI USA MIN VOL	322.10K	SH	$23.35M 0.32%	322.10K
ISHARES TRSOLE	BROAD USD HIGH	658.14K	SH	$22.72M 0.31%	658.14K
VANGUARD SCOTTSDALE FDSSOLE	INT-TERM CORP	275.37K	SH	$21.42M 0.29%	275.37K
VANGUARD SCOTTSDALE FDSSOLE	SHRT TRM CORP BD	281.56K	SH	$21.20M 0.29%	281.56K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EMR MKT ETF	482.30K	SH	$19.03M 0.26%	482.30K
SCHWAB STRATEGIC TRSOLE	EMRG MKTEQ ETF	464.84K	SH	$11.15M 0.15%	464.84K
ISHARES TRSOLE	7-10 YR TRSY BD	111.77K	SH	$10.75M 0.15%	111.77K
ISHARES TRSOLE	CORE S&P500 ETF	27.32K	SH	$10.52M 0.14%	27.32K
ISHARES TRSOLE	CRE U S REIT ETF	167.92K	SH	$8.34M 0.11%	167.92K
ISHARES TRSOLE	MSCI EAFE MIN VL	121.81K	SH	$7.81M 0.11%	121.81K
DBX ETF TRSOLE	XTRACK USD HIGH	195.95K	SH	$6.60M 0.09%	195.95K
ISHARES TRSOLE	MSCI EAFE ETF	77.99K	SH	$5.17M 0.07%	77.99K
VANGUARD SCOTTSDALE FDSSOLE	LG-TERM COR BD	60.44K	SH	$4.62M 0.06%	60.44K
ISHARES S&P GSCI COMMODITY-SOLE	UNIT BEN INT	96.43K	SH	$2.02M 0.03%	96.43K
ISHARES TRSOLE	U.S. REAL ES ETF	22.78K	SH	$1.93M 0.03%	22.78K
ISHARES TRSOLE	MSCI EMG MKT ETF	49.60K	SH	$1.91M 0.03%	49.60K
ISHARES TRSOLE	CORE HIGH DV ETF	10.44K	SH	$1.09M 0.01%	10.44K
VANGUARD INDEX FDSSOLE	REAL ESTATE ETF	12.85K	SH	$1.07M 0.01%	12.85K