SEC 13F Intelligence

Managers / Q2 2025 · view latest →

Rakuten Securities, Inc.

CIK 0002009539 · 2-6-21 MINAMI-AOYAMA, MINATO-KU, TOKYO, M0, 107-0062 · 813-6739-1700

Reported Value
$255M
Q2 2025
Positions
842
Filings on Record
11
2019–present window
Filed
Aug 15, 2025
amendment (RESTATEMENT)

Summary

Rakuten Securities, Inc. reported $255M in U.S.-listed holdings across 842 positions for Q2 2025.

Its largest position, NVDA, represents 10.2% of the portfolio.

Compared with Q1 2025, the fund opened 74 new positions and exited 53.

Portfolio Metrics

Turnover
+16.7%
vs prior filed quarter
Top-10 Concentration
+51.5%
share of reported value
Largest Position
+10.2%
Nvidia Corporation
New / Exited
74 / 53
positions this quarter

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

13F Reported Value
Q4 ’23: $127MQ4 ’23Q1 ’24: $228MQ2 ’24: $233MQ2 ’24Q3 ’24: $230MQ4 ’24: $254MQ4 ’24Q1 ’25: $198MQ2 ’25: $255MQ2 ’25Q3 ’25: $271MQ4 ’25: $308MQ4 ’25Q1 ’26: $241Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 87.6%ETP: 5.9%ADR: 4.6%Other: 1.8%NY Reg Shrs: 0.0%
  • Common Stock · 87.6% · $224M
  • ETP · 5.9% · $15M
  • ADR · 4.6% · $12M
  • Other · 1.8% · $5M
  • NY Reg Shrs · 0.0% · $88,865

Quarter-over-Quarter Changes full breakdown →

vs Q1 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CRWVCOREWEAVE INCNEW+24.3K24.3K+$4M$4M
DEUTSCHE BANK A GNEW+12.5K12.5K+$365,356$365,356
ACHRARCHER AVIATION INCNEW+30.4K30.4K+$330,014$330,014
CRSCARPENTER TECHNOLOGY CORPNEW+164164+$45,326$45,326
SCCOSOUTHERN COPPER CORPNEW+440440+$44,515$44,515
KTOSKRATOS DEFENSE & SEC SOLUTIONEW+668668+$31,029$31,029
LOARLOAR HOLDINGS INCNEW+310310+$26,713$26,713
WDAYWORKDAY INCNEW+105105+$25,200$25,200

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q2 2025

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPORATIONhistory →COM10.18%$26M164.4K
2TSLATESLA INChistory →COM10.11%$26M81.2K
3COINCOINBASE GLOBAL INChistory →COM CL A8.83%$23M64.3K
4PLTRPALANTIR TECHNOLOGIES INChistory →CL A8.30%$21M155.3K
5MIGAMICROSTRATEGY INChistory →CL A NEW4.40%$11M27.7K
6SOFISOFI TECHNOLOGIES INChistory →COM2.61%$7M365.2K
7GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.45%$6M35.3K
8NFLXNETFLIX INChistory →COM1.99%$5M3.8K
9IONQIONQ INChistory →COM1.97%$5M116.8K
10GSGOLDMAN SACHS GROUP INChistory →COM1.58%$4M5.7K
11CRWVCOREWEAVE INChistory →COM CL A1.55%$4M24.3K
12NDQINVESCO QQQ TRhistory →UNIT SER 11.37%$3M6.3K
13ISHARES TR20 YR TR BD ETF1.33%$3M38.4K
14METAMETA PLATFORMS INChistory →CL A1.30%$3M4.5K
15AAPLAPPLE INChistory →COM1.26%$3M15.6K
16LLYELI LILLY & COhistory →COM1.24%$3M4.1K
17MSFTMICROSOFT CORPhistory →COM1.22%$3M6.2K
18AVGOBROADCOM INChistory →COM1.20%$3M11.1K
19AMZNAMAZON COM INChistory →COM1.13%$3M13.1K
20AMDADVANCED MICRO DEVICES INChistory →COM1.12%$3M20.1K
21UNHUNITEDHEALTH GROUP INChistory →COM1.08%$3M8.8K
22CRWDCROWDSTRIKE HLDGS INCCL A0.90%$2M4.5K
23TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.86%$2M9.6K
24MUMICRON TECHNOLOGY INCCOM0.80%$2M16.6K
25HOODROBINHOOD MKTS INCCOM CL A0.80%$2M21.7K
26MRVLMARVELL TECHNOLOGY INCCOM0.73%$2M24.1K
27HIMSHIMS & HERS HEALTH INCCOM CL A0.72%$2M36.7K
28ARMARM HOLDINGS PLCSPONSORED ADS0.69%$2M10.9K
29PBRPETROLEO BRASILEIRO SA PETROSPONSORED ADR0.67%$2M136.6K
30APPAPPLOVIN CORPCOM CL A0.66%$2M4.8K
31NEMNEWMONT CORPCOM0.64%$2M27.9K
32FANGDIAMONDBACK ENERGY INCCOM0.60%$2M11.1K
33CVNACARVANA COCL A0.58%$1M4.4K
34OKLOOKLO INCCOM CL A0.57%$1M26.1K
35RDDTREDDIT INCCL A0.57%$1M9.7K
36VANGUARD INDEX FDSS&P 500 ETF SHS0.52%$1M2.3K
37GEVGE VERNOVA INCCOM0.52%$1M2.5K
38BABOEING COCOM0.48%$1M5.8K
39ALABASTERA LABS INCCOM0.42%$1M11.8K
40WORLD GOLD TRSPDR GLD MINIS0.42%$1M16.2K
41BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.42%$1M9.4K
42IOTSAMSARA INCCOM CL A0.41%$1M26.0K
43INTCINTEL CORPCOM0.40%$1M46.1K
44ASTSAST SPACEMOBILE INCCOM CL A0.38%$975,06820.9K
45RBRKRUBRIK INC.CL A0.36%$910,50310.2K
46GQ9SPDR GOLD TRGOLD SHS0.35%$890,4082.9K
47SMRNUSCALE PWR CORPCL A COM0.35%$888,59722.5K
48MONDAY COM LTDSHS0.34%$858,5302.7K
49SESEA LTDSPONSORD ADS0.32%$808,8175.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$241M879May 1, 202613F-HRchanges · EDGAR ↗
Q4 2025$308M892Jan 29, 202613F-HRchanges · EDGAR ↗
Q3 2025$271M905Oct 28, 202513F-HRchanges · EDGAR ↗
Q2 2025$255M842Aug 15, 2025RESTATEMENTchanges · EDGAR ↗
Q1 2025$198M821Apr 18, 202513F-HRchanges · EDGAR ↗
Q4 2024$254M760Feb 10, 202513F-HRchanges · EDGAR ↗
Q3 2024$230M713Nov 5, 202413F-HRchanges · EDGAR ↗
Q2 2024$233M714Jul 31, 202413F-HRchanges · EDGAR ↗
Q1 2024$228M715May 1, 202413F-HRchanges · EDGAR ↗
Q4 2023$127M612Jan 31, 202413F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 3 additional managers.

  • Rakuten Group, Inc.
  • MIZUHO FINANCIAL GROUP INC
  • Mizuho Securities Co. Ltd.

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 ↗.