RAKUTEN INVESTMENT MANAGEMENT, INC.

Filed: 5/15/2025ACC: 0000898432-25-000376

📋 What this filing means

RAKUTEN INVESTMENT MANAGEMENT, INC. filed this quarterly 13F‑HR report disclosing 527 equity positions with a total reported market value of $11.40B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

527

Positions

$11.40B

Total AUM (reported)

60.87M

Total Shares

Allocation by class

TOTAL STK MKT$9.34B81.9%

TT WRLD ST ETF$1.65B14.5%

HIGH DIV YLD$101.13M0.9%

COM$65.73M0.6%

CORE S&P500 ETF$29.29M0.3%

INT-TERM CORP$28.08M0.2%

EMRG MKTEQ ETF$27.59M0.2%

Portfolio Concentration

Top 3$11.09B97.3%

4–10$165.25M1.5%

11–25$73.85M0.6%

Rest$65.63M0.6%

Top 3 weight

97.3%

Top 10 weight

98.8%

Voting Authority Distribution

Total shares with voting rights: 60.87M

Sole

Full voting authority

60.87M

% 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)

Sole527

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings527

Rows:

VANGUARD INDEX FDS

SOLE

TOTAL STK MKT

Shares39.21M

TypeSH

Market value$9.34B

81.93%

Sole

39.21M

Shared

0.00

None

0.00

VANGUARD INTL EQUITY INDEX F

SOLE

TT WRLD ST ETF

Shares16.03M

TypeSH

Market value$1.65B

14.51%

Sole

16.03M

Shared

0.00

None

0.00

VANGUARD WHITEHALL FDS

SOLE

HIGH DIV YLD

Shares904.30K

TypeSH

Market value$101.13M

0.89%

Sole

904.30K

Shared

0.00

None

0.00

ISHARES TR

SOLE

CORE S&P500 ETF

Shares61.15K

TypeSH

Market value$29.29M

0.26%

Sole

61.15K

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

INT-TERM CORP

Shares344.77K

TypeSH

Market value$28.08M

0.25%

Sole

344.77K

Shared

0.00

None

0.00

SCHWAB STRATEGIC TR

SOLE

EMRG MKTEQ ETF

Shares1.12M

TypeSH

Market value$27.59M

0.24%

Sole

1.12M

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI USA MIN VOL

Shares335.10K

TypeSH

Market value$26.10M

0.23%

Sole

335.10K

Shared

0.00

None

0.00

VANGUARD INTL EQUITY INDEX F

SOLE

FTSE EMR MKT ETF

Shares540.30K

TypeSH

Market value$22.15M

0.19%

Sole

540.30K

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

SHRT TRM CORP BD

Shares207.56K

TypeSH

Market value$16.05M

0.14%

Sole

207.56K

Shared

0.00

None

0.00

ISHARES TR

SOLE

CRE U S REIT ETF

Shares290.73K

TypeSH

Market value$15.99M

0.14%

Sole

290.73K

Shared

0.00

None

0.00

ISHARES TR

SOLE

BROAD USD HIGH

Shares399.74K

TypeSH

Market value$14.58M

0.13%

Sole

399.74K

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI EAFE MIN VL

Shares125.70K

TypeSH

Market value$8.68M

0.08%

Sole

125.70K

Shared

0.00

None

0.00

DBX ETF TR

SOLE

XTRACK USD HIGH

Shares204.45K

TypeSH

Market value$7.29M

0.06%

Sole

204.45K

Shared

0.00

None

0.00

APPLE INC

SOLE

COM

Shares36.88K

TypeSH

Market value$7.14M

0.06%

Sole

36.88K

Shared

0.00

None

0.00

ISHARES TR

SOLE

7-10 YR TRSY BD

Shares68.37K

TypeSH

Market value$6.61M

0.06%

Sole

68.37K

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI EAFE ETF

Shares74.89K

TypeSH

Market value$5.64M

0.05%

Sole

74.89K

Shared

0.00

None

0.00

VANGUARD SCOTTSDALE FDS

SOLE

LG-TERM COR BD

Shares65.24K

TypeSH

Market value$5.26M

0.05%

Sole

65.24K

Shared

0.00

None

0.00

AMAZON COM INC

SOLE

COM

Shares22.63K

TypeSH

Market value$3.47M

0.03%

Sole

22.63K

Shared

0.00

None

0.00

NVIDIA CORPORATION

SOLE

COM

Shares6.11K

TypeSH

Market value$3.02M

0.03%

Sole

6.11K

Shared

0.00

None

0.00

ISHARES TR

SOLE

U.S. REAL ES ETF

Shares24.18K

TypeSH

Market value$2.24M

0.02%

Sole

24.18K

Shared

0.00

None

0.00

ISHARES TR

SOLE

MSCI EMG MKT ETF

Shares52.84K

TypeSH

Market value$2.13M

0.02%

Sole

52.84K

Shared

0.00

None

0.00

ALPHABET INC

SOLE

CAP STK CL A

Shares14.64K

TypeSH

Market value$2.05M

0.02%

Sole

14.64K

Shared

0.00

None

0.00

ISHARES S&P GSCI COMMODITY-

SOLE

UNIT BEN INT

Shares99.63K

TypeSH

Market value$2.01M

0.02%

Sole

99.63K

Shared

0.00

None

0.00

META PLATFORMS INC

SOLE

CL A

Shares5.49K

TypeSH

Market value$1.97M

0.02%

Sole

5.49K

Shared

0.00

None

0.00

ALPHABET INC

SOLE

CAP STK CL C

Shares12.49K

TypeSH

Market value$1.76M

0.02%

Sole

12.49K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
VANGUARD INDEX FDSSOLE	TOTAL STK MKT	39.21M	SH	$9.34B 81.93%	39.21M
VANGUARD INTL EQUITY INDEX FSOLE	TT WRLD ST ETF	16.03M	SH	$1.65B 14.51%	16.03M
VANGUARD WHITEHALL FDSSOLE	HIGH DIV YLD	904.30K	SH	$101.13M 0.89%	904.30K
ISHARES TRSOLE	CORE S&P500 ETF	61.15K	SH	$29.29M 0.26%	61.15K
VANGUARD SCOTTSDALE FDSSOLE	INT-TERM CORP	344.77K	SH	$28.08M 0.25%	344.77K
SCHWAB STRATEGIC TRSOLE	EMRG MKTEQ ETF	1.12M	SH	$27.59M 0.24%	1.12M
ISHARES TRSOLE	MSCI USA MIN VOL	335.10K	SH	$26.10M 0.23%	335.10K
VANGUARD INTL EQUITY INDEX FSOLE	FTSE EMR MKT ETF	540.30K	SH	$22.15M 0.19%	540.30K
VANGUARD SCOTTSDALE FDSSOLE	SHRT TRM CORP BD	207.56K	SH	$16.05M 0.14%	207.56K
ISHARES TRSOLE	CRE U S REIT ETF	290.73K	SH	$15.99M 0.14%	290.73K
ISHARES TRSOLE	BROAD USD HIGH	399.74K	SH	$14.58M 0.13%	399.74K
ISHARES TRSOLE	MSCI EAFE MIN VL	125.70K	SH	$8.68M 0.08%	125.70K
DBX ETF TRSOLE	XTRACK USD HIGH	204.45K	SH	$7.29M 0.06%	204.45K
APPLE INCSOLE	COM	36.88K	SH	$7.14M 0.06%	36.88K
ISHARES TRSOLE	7-10 YR TRSY BD	68.37K	SH	$6.61M 0.06%	68.37K
ISHARES TRSOLE	MSCI EAFE ETF	74.89K	SH	$5.64M 0.05%	74.89K
VANGUARD SCOTTSDALE FDSSOLE	LG-TERM COR BD	65.24K	SH	$5.26M 0.05%	65.24K
AMAZON COM INCSOLE	COM	22.63K	SH	$3.47M 0.03%	22.63K
NVIDIA CORPORATIONSOLE	COM	6.11K	SH	$3.02M 0.03%	6.11K
ISHARES TRSOLE	U.S. REAL ES ETF	24.18K	SH	$2.24M 0.02%	24.18K
ISHARES TRSOLE	MSCI EMG MKT ETF	52.84K	SH	$2.13M 0.02%	52.84K
ALPHABET INCSOLE	CAP STK CL A	14.64K	SH	$2.05M 0.02%	14.64K
ISHARES S&P GSCI COMMODITY-SOLE	UNIT BEN INT	99.63K	SH	$2.01M 0.02%	99.63K
META PLATFORMS INCSOLE	CL A	5.49K	SH	$1.97M 0.02%	5.49K
ALPHABET INCSOLE	CAP STK CL C	12.49K	SH	$1.76M 0.02%	12.49K

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