RAKUTEN INVESTMENT MANAGEMENT, INC.

Filed: 5/15/2025ACC: 0000898432-25-000373

📋 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 $8.30B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

Positions

$8.30B

Total AUM (reported)

53.15M

Total Shares

Allocation by class

TOTAL STK MKT$6.55B78.9%

TT WRLD ST ETF$1.46B17.6%

HIGH DIV YLD$95.22M1.1%

INT-TERM CORP$30.85M0.4%

MSCI USA MIN VOL$24.76M0.3%

FTSE EMR MKT ETF$20.81M0.3%

BROAD USD HIGH$20.58M0.2%

Portfolio Concentration

Top 3$8.10B97.6%

4–10$139.87M1.7%

11–25$55.63M0.7%

Top 3 weight

97.6%

Top 10 weight

99.3%

Voting Authority Distribution

Total shares with voting rights: 53.15M

Sole

Full voting authority

53.15M

% 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

Shares32.58M

TypeSH

Market value$6.55B

78.92%

Sole

32.58M

Shared

0.00

None

0.00

VANGUARD INTL EQUITY INDEX F

SOLE

TT WRLD ST ETF

Shares16.01M

TypeSH

Market value$1.46B

17.58%

Sole

16.01M

Shared

0.00

None

0.00

VANGUARD WHITEHALL FDS

SOLE

HIGH DIV YLD

Shares912.30K

TypeSH

Market value$95.22M

1.15%

Sole

912.30K

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

INT-TERM CORP

Shares387.27K

TypeSH

Market value$30.85M

0.37%

Sole

387.27K

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI USA MIN VOL

Shares344.20K

TypeSH

Market value$24.76M

0.30%

Sole

344.20K

Shared

0.00

None

0.00

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EMR MKT ETF

Shares513.50K

TypeSH

Market value$20.81M

0.25%

Sole

513.50K

Shared

0.00

None

0.00

ISHARES TR

SOLE

BROAD USD HIGH

Shares585.74K

TypeSH

Market value$20.58M

0.25%

Sole

585.74K

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

SHRT TRM CORP BD

Shares237.36K

TypeSH

Market value$18.02M

0.22%

Sole

237.36K

Shared

0.00

None

0.00

SCHWAB STRATEGIC TR

SOLE

EMRG MKTEQ ETF

Shares562.84K

TypeSH

Market value$13.86M

0.17%

Sole

562.84K

Shared

0.00

None

0.00

ISHARES TR

SOLE

CORE S&P500 ETF

Shares27.12K

TypeSH

Market value$10.99M

0.13%

Sole

27.12K

Shared

0.00

None

0.00

ISHARES TR

SOLE

7-10 YR TRSY BD

Shares110.27K

TypeSH

Market value$10.87M

0.13%

Sole

110.27K

Shared

0.00

None

0.00

ISHARES TR

SOLE

CRE U S REIT ETF

Shares215.82K

TypeSH

Market value$10.64M

0.13%

Sole

215.82K

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI EAFE MIN VL

Shares123.50K

TypeSH

Market value$8.33M

0.10%

Sole

123.50K

Shared

0.00

None

0.00

DBX ETF TR

SOLE

XTRACK USD HIGH

Shares206.55K

TypeSH

Market value$7.10M

0.09%

Sole

206.55K

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI EAFE ETF

Shares77.99K

TypeSH

Market value$5.55M

0.07%

Sole

77.99K

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

LG-TERM COR BD

Shares64.24K

TypeSH

Market value$5.06M

0.06%

Sole

64.24K

Shared

0.00

None

0.00

ISHARES TR

SOLE

U.S. REAL ES ETF

Shares24.18K

TypeSH

Market value$2.01M

0.02%

Sole

24.18K

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI EMG MKT ETF

Shares49.60K

TypeSH

Market value$1.96M

0.02%

Sole

49.60K

Shared

0.00

None

0.00

ISHARES S&P GSCI COMMODITY-

SOLE

UNIT BEN INT

Shares96.43K

TypeSH

Market value$1.92M

0.02%

Sole

96.43K

Shared

0.00

None

0.00

ISHARES TR

SOLE

CORE HIGH DV ETF

Shares11.24K

TypeSH

Market value$1.13M

0.01%

Sole

11.24K

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

REAL ESTATE ETF

Shares13.15K

TypeSH

Market value$1.07M

0.01%

Sole

13.15K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	32.58M	SH	$6.55B 78.92%	32.58M
VANGUARD INTL EQUITY INDEX FSOLE	TT WRLD ST ETF	16.01M	SH	$1.46B 17.58%	16.01M
VANGUARD WHITEHALL FDSSOLE	HIGH DIV YLD	912.30K	SH	$95.22M 1.15%	912.30K
VANGUARD SCOTTSDALE FDSSOLE	INT-TERM CORP	387.27K	SH	$30.85M 0.37%	387.27K
ISHARES TRSOLE	MSCI USA MIN VOL	344.20K	SH	$24.76M 0.30%	344.20K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EMR MKT ETF	513.50K	SH	$20.81M 0.25%	513.50K
ISHARES TRSOLE	BROAD USD HIGH	585.74K	SH	$20.58M 0.25%	585.74K
VANGUARD SCOTTSDALE FDSSOLE	SHRT TRM CORP BD	237.36K	SH	$18.02M 0.22%	237.36K
SCHWAB STRATEGIC TRSOLE	EMRG MKTEQ ETF	562.84K	SH	$13.86M 0.17%	562.84K
ISHARES TRSOLE	CORE S&P500 ETF	27.12K	SH	$10.99M 0.13%	27.12K
ISHARES TRSOLE	7-10 YR TRSY BD	110.27K	SH	$10.87M 0.13%	110.27K
ISHARES TRSOLE	CRE U S REIT ETF	215.82K	SH	$10.64M 0.13%	215.82K
ISHARES TRSOLE	MSCI EAFE MIN VL	123.50K	SH	$8.33M 0.10%	123.50K
DBX ETF TRSOLE	XTRACK USD HIGH	206.55K	SH	$7.10M 0.09%	206.55K
ISHARES TRSOLE	MSCI EAFE ETF	77.99K	SH	$5.55M 0.07%	77.99K
VANGUARD SCOTTSDALE FDSSOLE	LG-TERM COR BD	64.24K	SH	$5.06M 0.06%	64.24K
ISHARES TRSOLE	U.S. REAL ES ETF	24.18K	SH	$2.01M 0.02%	24.18K
ISHARES TRSOLE	MSCI EMG MKT ETF	49.60K	SH	$1.96M 0.02%	49.60K
ISHARES S&P GSCI COMMODITY-SOLE	UNIT BEN INT	96.43K	SH	$1.92M 0.02%	96.43K
ISHARES TRSOLE	CORE HIGH DV ETF	11.24K	SH	$1.13M 0.01%	11.24K
VANGUARD INDEX FDSSOLE	REAL ESTATE ETF	13.15K	SH	$1.07M 0.01%	13.15K