Managers / Q3 2024 · view latest →
Rakuten Securities, Inc.
CIK 0002009539 · 2-6-21 MINAMI-AOYAMA, MINATO-KU, TOKYO, M0, 107-0062 · 813-6739-1700
Summary
Rakuten Securities, Inc. reported $230M in U.S.-listed holdings across 713 positions for Q3 2024.
The portfolio is heavily concentrated: NVDA alone accounts for 21.8% of reported value.
Compared with Q2 2024, the fund opened 89 new positions and exited 90.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 84.3% · $194M
- ADR · 8.3% · $19M
- ETP · 5.5% · $13M
- Other · 2.0% · $5M
- NY Reg Shrs · 0.0% · $17,808
Quarter-over-Quarter Changes full breakdown →
vs Q2 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| MAKEMYTRIP LIMITED MAURITIUS | NEW | +4.1K | 4.1K | +$379,422 | $379,422 |
| ALABASTERA LABS INC | NEW | +5.6K | 5.6K | +$290,974 | $290,974 |
| TMDXTRANSMEDICS GROUP INC | NEW | +805 | 805 | +$126,385 | $126,385 |
| HEIHEICO CORP NEW | NEW | +311 | 311 | +$81,320 | $81,320 |
| FRPTFRESHPET INC | NEW | +563 | 563 | +$77,002 | $77,002 |
| ASTSAST SPACEMOBILE INC | NEW | +2.6K | 2.6K | +$67,729 | $67,729 |
| NVRNVR INC | NEW | +4 | 4 | +$39,247 | $39,247 |
| CREDO TECHNOLOGY GROUP HOLDI | NEW | +970 | 970 | +$29,876 | $29,876 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | NVDANVIDIA CORPORATIONhistory → | COM | 21.84% | $50M | 413.6K |
| 2 | SMCIUSDSUPER MICRO COMPUTER INChistory → | COM | 13.88% | $32M | 76.7K |
| 3 | TSLATESLA INChistory → | COM | 8.07% | $19M | 70.9K |
| 4 | ARMARM HOLDINGS PLChistory → | SPONSORED ADS | 3.96% | $9M | 63.7K |
| 5 | PLTRPALANTIR TECHNOLOGIES INChistory → | CL A | 2.71% | $6M | 167.5K |
| 6 | LLYELI LILLY & COhistory → | COM | 2.56% | $6M | 6.6K |
| 7 | MIGAMICROSTRATEGY INChistory → | CL A NEW | 2.51% | $6M | 34.3K |
| 8 | MUMICRON TECHNOLOGY INChistory → | COM | 2.26% | $5M | 50.2K |
| 9 | METAMETA PLATFORMS INChistory → | CL A | 1.81% | $4M | 7.3K |
| 10 | MSFTMICROSOFT CORPhistory → | COM | 1.78% | $4M | 9.5K |
| 11 | AVGOBROADCOM INChistory → | COM | 1.61% | $4M | 21.5K |
| 12 | AAPLAPPLE INChistory → | COM | 1.54% | $4M | 15.2K |
| 13 | VANGUARD INDEX FDS | TOTAL STK MKT · S&P 500 ETF SHS | 1.46% | $3M | 9.2K |
| 14 | CRWDCROWDSTRIKE HLDGS INChistory → | CL A | 1.38% | $3M | 11.4K |
| 15 | NDQINVESCO QQQ TRhistory → | UNIT SER 1 | 1.17% | $3M | 5.5K |
| 16 | TSMTAIWAN SEMICONDUCTOR MFG LTDhistory → | SPONSORED ADS | 1.16% | $3M | 15.4K |
| 17 | COINCOINBASE GLOBAL INChistory → | COM CL A | 1.15% | $3M | 14.8K |
| 18 | MONDAY COM LTD | SHS | 1.12% | $3M | 9.3K |
| 19 | ISHARES TR | 20 YR TR BD ETF | 1.08% | $2M | 25.4K |
| 20 | IOTSAMSARA INC | COM CL A | 0.98% | $2M | 46.9K |
| 21 | NEMNEWMONT CORP | COM | 0.98% | $2M | 42.0K |
| 22 | GOOGLALPHABET INC | CAP STK CL A · CAP STK CL C | 0.97% | $2M | 13.4K |
| 23 | WBAWALGREENS BOOTS ALLIANCE INC | COM | 0.93% | $2M | 239.8K |
| 24 | INTCINTEL CORP | COM | 0.93% | $2M | 91.3K |
| 25 | DUOLDUOLINGO INC | CL A COM | 0.86% | $2M | 7.0K |
| 26 | VRTVERTIV HOLDINGS CO | COM CL A | 0.83% | $2M | 19.1K |
| 27 | PBRPETROLEO BRASILEIRO SA PETRO | SPONSORED ADR | 0.71% | $2M | 112.6K |
| 28 | AMZNAMAZON COM INC | COM | 0.70% | $2M | 8.6K |
| 29 | GSGOLDMAN SACHS GROUP INC | COM | 0.68% | $2M | 3.2K |
| 30 | QCOMQUALCOMM INC | COM | 0.61% | $1M | 8.3K |
| 31 | CBOECBOE GLOBAL MKTS INC | COM | 0.51% | $1M | 5.7K |
| 32 | AMDADVANCED MICRO DEVICES INC | COM | 0.41% | $941,983 | 5.7K |
| 33 | BABAALIBABA GROUP HLDG LTD | SPONSORED ADS | 0.41% | $941,178 | 8.9K |
| 34 | NVONOVO-NORDISK A S | ADR | 0.39% | $893,501 | 7.5K |
| 35 | SSENTINELONE INC | CL A | 0.37% | $848,251 | 35.5K |
| 36 | PYPLPAYPAL HLDGS INC | COM | 0.37% | $845,221 | 10.8K |
| 37 | BMTABRITISH AMERN TOB PLC | SPONSORED ADR | 0.34% | $774,033 | 21.2K |
| 38 | PFEPFIZER INC | COM | 0.34% | $772,409 | 26.7K |
| 39 | SPDR S&P 500 ETF TR | TR UNIT | 0.33% | $760,806 | 1.3K |
| 40 | BABOEING CO | COM | 0.32% | $745,604 | 4.9K |
| 41 | VSTVISTRA CORP | COM | 0.32% | $731,541 | 6.2K |
| 42 | BIDUNBAIDU INC | SPON ADR REP A | 0.31% | $714,393 | 6.8K |
| 43 | CCL1EURCARNIVAL CORP | UNIT 99/99/9999 | 0.31% | $705,049 | 38.2K |
| 44 | RIVNRIVIAN AUTOMOTIVE INC | COM CL A | 0.29% | $677,363 | 60.4K |
| 45 | EQNREQUINOR ASA | SPONSORED ADR | 0.29% | $657,570 | 26.0K |
| 46 | DELLDELL TECHNOLOGIES INC | CL C | 0.27% | $622,928 | 5.3K |
| 47 | SNOWSNOWFLAKE INC | CL A | 0.27% | $610,366 | 5.3K |
| 48 | NFLXNETFLIX INC | COM | 0.26% | $593,659 | 837 |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $241M | 879 | May 1, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $308M | 892 | Jan 29, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $271M | 905 | Oct 28, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $255M | 842 | Aug 15, 2025 | RESTATEMENT | changes · EDGAR ↗ |
| Q1 2025 | $198M | 821 | Apr 18, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $254M | 760 | Feb 10, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $230M | 713 | Nov 5, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $233M | 714 | Jul 31, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $228M | 715 | May 1, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $127M | 612 | Jan 31, 2024 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.