Institution

Rakuten Investment Management, Inc.

13F for the quarter to June 30, 2026, filed August 18, 2026 · SEC CIK 2062680

Reported value: $34.6bn
Positions we cover: 425
Copy, a year: +21.4%
Copy Sharpe ratio: 1.31

How copying its 13F would have done

CopyS&P 500 $10,000 copying Rakuten Investment Management, Inc.'s filed holdings in companies we cover from May 16, 2025, buying on the first trading day after each 13F was filed and holding until the next, against the S&P 500 (total return). Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −9.2% (S&P 500 −8.4%); beta 0.99; alpha +2.0% a year (t = 0.58); last 12 months +15.2% against +12.1%.

Reported value by quarter

Rakuten Investment Management, Inc.: 13F reported value Total value of all positions in each quarter's 13F, as filed (values before 2023 were filed in thousands of dollars and are converted).

View chart data

Period	Reported value
2019-12-31	$1.1T
2020-03-31	$1.1T
2020-06-30	$1.5T
2020-09-30	$1.9T
2020-12-31	$2.5T
2021-03-31	$3.1T
2021-06-30	$4T
2021-09-30	$4.6T
2021-12-31	$5.8T
2022-03-31	$6.3T
2022-06-30	$5.9T
2022-09-30	$6.1T
2022-12-31	$7.3T
2023-03-31	$8.3B
2023-06-30	$9.3B
2023-09-30	$9.7B
2023-12-31	$11.4B
2024-03-31	$13.6B
2024-06-30	$15.2B
2024-09-30	$17.1B
2025-03-31	$21.8B
2025-09-30	$28.1B
2025-12-31	$29.7B
2026-03-31	$49.2B
2026-06-30	$34.6B

Holdings and moves

Company	Share of portfolio	Value	Shares	Change in shares
NVDANVIDIA Corporation	2.68%	$929.6m	4.77M	+12.4% Added
MSFTMicrosoft Corporation	1.49%	$516.7m	1.40M	+12.8% Added
GOOGLAlphabet Inc. (Class A)	1.14%	$396.1m	1.12M	+13.3% Added
AVGOBroadcom	1.04%	$361.2m	969.8K	+14.7% Added
MUMicron Technology	0.99%	$343.2m	299.7K	+12.6% Added
METAMeta Platforms	0.72%	$248.8m	442.2K	+14.2% Added
TSLATesla, Inc.	0.71%	$247.3m	600.4K	+14.4% Added
INTCIntel	0.48%	$166.1m	1.26M	+11.6% Added
LLYLilly (Eli)	0.46%	$160.0m	130.1K	+10.1% Added
JPMJPMorgan Chase	0.42%	$144.4m	438.4K	+9.2% Added
WMTWalmart	0.36%	$125.4m	1.09M	+16.5% Added
CSCOCisco	0.32%	$111.9m	951.0K	+16.0% Added
KLACKLA Corporation	0.31%	$107.4m	385.7K	+1119.9% Added
JNJJohnson & Johnson	0.29%	$101.8m	393.8K	+10.1% Added
COSTCostco	0.29%	$101.2m	106.9K	+16.1% Added
VVisa Inc.	0.27%	$93.2m	272.7K	+9.2% Added
CATCaterpillar Inc.	0.23%	$78.1m	75.6K	+9.3% Added
MRVLMarvell Technology	0.22%	$76.6m	275.8K	+56.7% Added
TXNTexas Instruments	0.22%	$75.3m	263.7K	+19.9% Added
NFLXNetflix	0.22%	$74.9m	1.01M	+15.7% Added
ABBVAbbVie	0.21%	$73.5m	289.1K	+10.2% Added
MAMastercard	0.20%	$67.6m	132.7K	+8.3% Added
PANWPalo Alto Networks	0.19%	$65.1m	196.0K	+16.4% Added
GEGE Aerospace	0.18%	$63.8m	170.7K	+9.5% Added
PLTRPalantir Technologies Inc.	0.18%	$63.2m	546.4K	+15.2% Added
UNHUnitedHealth Group	0.18%	$62.3m	148.5K	+10.5% Added
QCOMQualcomm	0.17%	$58.3m	308.8K	+15.1% Added
HDThe Home Depot	0.17%	$57.2m	162.9K	+10.3% Added
PGProcter & Gamble	0.16%	$56.5m	380.6K	+10.1% Added
SNDKSandisk	0.16%	$55.7m	27.2K	+0.8% Added
WDCWestern Digital	0.16%	$54.2m	83.1K	+17.9% Added
KOThe Coca-Cola Company	0.15%	$52.4m	633.4K	+8.2% Added
MRKMerck & Co.	0.15%	$52.3m	404.1K	+9.7% Added
CVXChevron Corporation	0.15%	$51.3m	304.7K	+8.8% Added
GSGoldman Sachs	0.14%	$49.2m	48.3K	+8.4% Added
GEVGE Vernova	0.14%	$48.6m	44.1K	+9.7% Added
PMPhilip Morris International	0.14%	$46.6m	254.9K	+10.3% Added
PEPPepsiCo	0.13%	$45.7m	329.5K	+16.1% Added
CRWDCrowdStrike	0.13%	$45.2m	60.9K	+16.4% Added
IBMIBM	0.12%	$42.7m	153.6K	+10.7% Added
WFCWells Fargo	0.12%	$41.8m	500.8K	+8.6% Added
MSMorgan Stanley	0.12%	$41.3m	195.3K	+9.9% Added
ORCLOracle Corporation	0.12%	$41.3m	279.2K	+10.3% Added
CCitigroup	0.12%	$39.8m	279.0K	+6.7% Added
GILDGilead Sciences	0.11%	$37.8m	299.1K	+16.2% Added
ISRGIntuitive Surgical	0.10%	$34.7m	85.4K	+15.9% Added
BKNGBooking Holdings	0.10%	$34.1m	187.2K	New
APHAmphenol	0.10%	$33.5m	201.4K	New
GLWCorning Inc.	0.10%	$32.9m	128.8K	+9.5% Added
APPApplovin Corp	0.09%	$32.6m	65.4K	+16.0% Added
MCDMcDonald's	0.09%	$31.0m	116.2K	+9.9% Added
TMOThermo Fisher Scientific	0.09%	$30.8m	60.8K	+9.0% Added
VRTXVertex Pharmaceuticals	0.09%	$30.6m	61.2K	+16.1% Added
NEENextEra Energy	0.09%	$30.2m	341.1K	+10.8% Added
VZVerizon	0.09%	$30.1m	683.2K	+9.2% Added
SBUXStarbucks	0.08%	$28.6m	274.6K	+16.2% Added
DISThe Walt Disney Company	0.08%	$28.2m	286.3K	+8.5% Added
TMUST-Mobile US	0.08%	$28.1m	161.6K	+18.1% Added
TJXTJX Companies	0.08%	$27.4m	180.9K	+9.8% Added
BABoeing	0.08%	$27.2m	126.5K	New
TERTeradyne	0.08%	$26.8m	57.9K	+49.8% Added
UNPUnion Pacific Corporation	0.08%	$26.5m	97.1K	+10.3% Added
WELLWelltower	0.08%	$26.3m	115.4K	+12.0% Added
DEDeere & Company	0.07%	$25.5m	40.6K	+7.9% Added
TAT&T	0.07%	$24.8m	1.14M	+9.1% Added
CDNSCadence Design Systems Inc	0.07%	$24.8m	66.5K	+17.2% Added
SCHWCharles Schwab Corporation	0.07%	$24.4m	269.0K	+8.0% Added
UBERUber	0.07%	$24.0m	318.4K	+5.7% Added
MPWRMonolithic Power Systems, Inc.	0.07%	$23.7m	18.0K	+20.8% Added
PFEPfizer	0.07%	$22.7m	931.6K	+10.4% Added
COHRCoherent Corp.	0.06%	$22.2m	56.7K	+26.7% Added
CVSCVS Health	0.06%	$21.6m	208.5K	+10.5% Added
CSXCSX Corporation	0.06%	$21.5m	447.8K	+16.0% Added
PLDPrologis	0.06%	$21.2m	152.5K	+10.6% Added
MARMarriott International	0.06%	$21.1m	56.2K	+15.4% Added
PGRProgressive Corporation	0.06%	$21.0m	95.6K	+9.9% Added
CRMSalesforce	0.06%	$20.9m	132.6K	−4.7% Reduced
CMCSAComcast	0.06%	$20.8m	859.9K	+15.1% Added
COPConocoPhillips	0.06%	$20.8m	199.5K	+9.4% Added
CEGConstellation Energy	0.06%	$20.6m	79.6K	+17.9% Added
SNPSSynopsys Inc	0.06%	$20.4m	45.6K	+14.8% Added
COFCapital One	0.06%	$20.3m	100.4K	+7.6% Added
SPGIS&P Global	0.06%	$20.3m	49.6K	+8.7% Added
MOAltria	0.06%	$20.2m	273.2K	+9.7% Added
LOWLowe's	0.06%	$20.1m	91.6K	+10.0% Added
ADBEAdobe Inc.	0.06%	$20.1m	97.4K	+13.9% Added
DHRDanaher Corporation	0.06%	$20.0m	103.7K	+10.4% Added
DELLDell Technologies	0.06%	$19.9m	48.0K	+6.4% Added
PHParker Hannifin	0.06%	$19.9m	20.6K	+10.1% Added
ALABAstera Labs, Inc.	0.06%	$19.7m	43.2K	+84.6% Added
BMYBristol Myers Squibb	0.06%	$19.6m	335.0K	+10.5% Added
DDOGDatadog, Inc.	0.06%	$19.6m	78.9K	+17.0% Added
VRTVertiv	0.06%	$18.9m	61.6K	+10.4% Added
MNSTMonster Beverage	0.05%	$18.8m	192.2K	+16.7% Added
MDLZMondelez International	0.05%	$18.7m	310.1K	+16.0% Added
SYKStryker Corporation	0.05%	$18.6m	56.4K	+10.4% Added
ORLYO'Reilly Automotive	0.05%	$18.0m	200.1K	+14.6% Added
MCHPMicrochip Technology Inc	0.05%	$17.9m	200.5K	+21.1% Added
SOSouthern Company	0.05%	$17.8m	184.4K	+12.8% Added
INTUIntuit	0.05%	$17.7m	66.4K	+15.2% Added
HWMHowmet Aerospace	0.05%	$17.6m	65.5K	+11.8% Added
EQIXEquinix	0.05%	$17.5m	16.1K	+10.6% Added
DASHDoorDash	0.05%	$17.2m	93.2K	+16.0% Added
NOWServiceNow	0.05%	$16.9m	169.5K	+9.4% Added
HONAHoneywell Aerospace	0.05%	$16.8m	76.4K	New
LMTLockheed Martin	0.05%	$16.8m	33.4K	+10.2% Added
NEMNewmont	0.05%	$16.6m	175.3K	+8.3% Added
DUKDuke Energy	0.05%	$16.4m	127.4K	+10.4% Added
PNCPNC Financial Services	0.05%	$16.2m	65.7K	+10.9% Added
BNYBNY Mellon	0.05%	$16.1m	112.3K	New
ROSTRoss Stores	0.05%	$16.1m	77.2K	+15.0% Added
LITELumentum	0.04%	$15.6m	18.4K	+73.8% Added
CMICummins	0.04%	$15.6m	22.6K	+10.2% Added
USBU.S. Bancorp	0.04%	$15.6m	254.4K	+10.0% Added
REGNRegeneron Pharmaceuticals	0.04%	$15.5m	24.6K	+15.6% Added
PCARPaccar	0.04%	$15.2m	126.8K	+16.3% Added
WMBWilliams Companies	0.04%	$15.0m	200.0K	+10.4% Added
MCKMcKesson	0.04%	$14.8m	19.8K	+8.6% Added
TSMTaiwan Semiconductor Manufacturing Co LTD	0.04%	$14.8m	32.5K	+81.1% Added
CTASCintas	0.04%	$14.6m	86.6K	+15.3% Added
FCXFreeport-McMoRan	0.04%	$14.5m	235.1K	+10.3% Added
BXBlackstone Inc.	0.04%	$14.0m	121.7K	+9.8% Added
GDGeneral Dynamics	0.04%	$14.0m	40.2K	+10.1% Added
WMWaste Management	0.04%	$13.9m	62.4K	+10.1% Added
MMM3M	0.04%	$13.9m	85.6K	+9.2% Added
BKRBaker Hughes	0.04%	$13.5m	239.0K	+16.6% Added
UPSUnited Parcel Service	0.04%	$13.2m	122.0K	+10.9% Added
MRSHMarsh McLennan	0.04%	$13.1m	78.8K	+9.2% Added
FASTFastenal	0.04%	$13.1m	276.6K	+16.1% Added
EMREmerson Electric	0.04%	$13.1m	91.7K	+10.0% Added
SHWSherwin-Williams	0.04%	$13.0m	37.8K	+9.8% Added
VLOValero Energy	0.04%	$13.0m	48.7K	+7.5% Added
CMECME Group	0.04%	$13.0m	59.3K	+10.8% Added
HOODRobinhood Markets	0.04%	$12.9m	127.1K	+10.2% Added
AMTAmerican Tower	0.04%	$12.9m	76.2K	+9.7% Added
MPCMarathon Petroleum	0.04%	$12.4m	47.9K	+8.7% Added
HLTHilton Worldwide	0.04%	$12.4m	37.3K	+9.1% Added
XELXcel Energy	0.04%	$12.3m	150.4K	−35.8% Reduced
SPGSimon Property Group	0.04%	$12.1m	53.1K	+9.8% Added
CICigna	0.04%	$12.0m	43.2K	+10.0% Added
CLColgate-Palmolive	0.03%	$11.9m	128.7K	+9.4% Added
FDXFedEx	0.03%	$11.7m	36.0K	+10.8% Added
ITWIllinois Tool Works	0.03%	$11.6m	43.5K	+9.9% Added
NSCNorfolk Southern	0.03%	$11.6m	36.7K	+10.2% Added
EXCExelon	0.03%	$11.6m	246.5K	+16.5% Added
ECLEcolab	0.03%	$11.6m	41.5K	+9.6% Added
URIUnited Rentals	0.03%	$11.5m	10.3K	New
EOGEOG Resources	0.03%	$11.5m	87.3K	+8.4% Added
GMGeneral Motors	0.03%	$11.4m	147.6K	+8.9% Added
PSXPhillips 66	0.03%	$11.4m	65.6K	+9.7% Added

Company	Bought (value)	Shares
NVDANVIDIA Corporation	$102.8m	527.4K
KLACKLA Corporation	$98.6m	354.1K
MSFTMicrosoft Corporation	$58.6m	158.9K
GOOGLAlphabet Inc. (Class A)	$46.5m	131.4K
AVGOBroadcom	$46.2m	123.9K
MUMicron Technology	$38.5m	33.6K
BKNGBooking Holdings	$34.1m	187.2K
APHAmphenol	$33.5m	201.4K
TSLATesla, Inc.	$31.1m	75.5K
METAMeta Platforms	$30.9m	54.9K
MRVLMarvell Technology	$27.7m	99.8K
BABoeing	$27.2m	126.5K
WMTWalmart	$17.8m	155.2K
INTCIntel	$17.2m	130.7K
HONAHoneywell Aerospace	$16.8m	76.4K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
LRCXLam Research	−$57.6m	−288.2K
SLBSchlumberger	−$8.0m	−173.5K
XELXcel Energy	−$6.9m	−84.0K
YUMYum! Brands	−$5.2m	−32.6K
ZSZscaler, Inc.	−$5.0m	−27.6K
QQnity Electronics, Inc.	−$3.9m	−24.4K
XYLXylem Inc.	−$3.4m	−29.0K
INSMInsmed Inc	−$3.3m	−31.7K
ZBHZimmer Biomet	−$2.2m	−24.4K
COOThe Cooper Companies	−$2.0m	−29.1K
JKHYJack Henry & Associates Inc	−$1.7m	−10.7K
ITGartner	−$1.7m	−10.5K
VRSKVerisk Analytics, Inc.	−$1.3m	−7.4K
CRMSalesforce	−$1.0m	−6.6K
CHTRCharter Communications	−$963,845	−6.6K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
LRCXLam Research	$57.6m	288.2K
ZSZscaler, Inc.	$5.0m	27.6K
COOThe Cooper Companies	$2.0m	29.1K
JKHYJack Henry & Associates Inc	$1.7m	10.7K
ITGartner	$1.7m	10.5K
CAGConagra Brands Inc.	$741,087	47.1K
PINSPinterest, Inc.	$535,743	29.7K
DKNGDraftkings Inc.	$468,120	22.4K
CPBCampbell's Co	$429,826	19.4K
VIPSVipshop Holdings Ltd	$224,048	14.0K
SNAPSnap Inc	$216,103	53.8K
TALTAL Education Group	$206,019	18.7K

Technology40.6%
Financials9.9%
Communication Services9.8%
Health Care9.6%
Industrials8.5%
Consumer Discretionary7.1%
Consumer Staples6.3%
Energy2.5%
Utilities2.4%
Real Estate2.1%
Materials1.2%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestMay 16, 2025 to November 2, 2026	+21.4%	+19.3%	1.31	1.22	−9.2%	0.99
Last yearNovember 7, 2025 to November 2, 2026	+15.1%	+14.2%	0.84	0.84	−9.2%	1.01

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.