SEC 13F Intelligence

Managers / Q3 2025 · view latest →

Rakuten Securities, Inc.

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

Reported Value
$271M
Q3 2025
Positions
905
Filings on Record
11
2019–present window
Filed
Oct 28, 2025
original filing

Summary

Rakuten Securities, Inc. reported $271M in U.S.-listed holdings across 905 positions for Q3 2025.

Its largest position, NVDA, represents 9.3% of the portfolio.

Compared with Q2 2025, the fund opened 116 new positions and exited 53.

Portfolio Metrics

Turnover
+20.6%
vs prior filed quarter
Top-10 Concentration
+46.9%
share of reported value
Largest Position
+9.3%
Nvidia Corporation
New / Exited
116 / 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: 87.5%ETP: 5.4%ADR: 4.2%Other: 2.9%NY Reg Shrs: 0.1%
  • Common Stock · 87.5% · $237M
  • ETP · 5.4% · $15M
  • ADR · 4.2% · $11M
  • Other · 2.9% · $8M
  • NY Reg Shrs · 0.1% · $146,698

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CRCLCIRCLE INTERNET GROUP INCNEW+18.8K18.8K+$2M$2M
JOBY AVIATION INCNEW+60.4K60.4K+$974,340$974,340
BEBLOOM ENERGY CORPNEW+4.5K4.5K+$378,366$378,366
MPMP MATERIALS CORPNEW+4.5K4.5K+$300,742$300,742
FIGFIGMA INCNEW+3.0K3.0K+$154,936$154,936
CDECOEUR MNG INCNEW+4.0K4.0K+$75,209$75,209
SUXTD SYNNEX CORPORATIONNEW+379379+$62,061$62,061
CNCCENTENE CORP DELNEW+1.4K1.4K+$49,845$49,845

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

Holdings — Q3 2025

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NVDANVIDIA CORPORATIONhistory →COM9.30%$25M135.1K
2TSLATESLA INChistory →COM8.63%$23M52.6K
3SOFISOFI TECHNOLOGIES INChistory →COM8.45%$23M866.5K
4PLTRPALANTIR TECHNOLOGIES INChistory →CL A6.73%$18M100.0K
5MIGASTRATEGY INChistory →CL A NEW3.01%$8M25.3K
6APPAPPLOVIN CORPhistory →COM CL A2.79%$8M10.5K
7AVGOBROADCOM INChistory →COM2.57%$7M21.1K
8GOOGALPHABET INCCAP STK CL C · CAP STK CL A2.11%$6M23.5K
9UNHUNITEDHEALTH GROUP INChistory →COM2.06%$6M16.2K
10COINCOINBASE GLOBAL INChistory →COM CL A1.74%$5M14.0K
11NFLXNETFLIX INChistory →COM1.66%$4M3.7K
12ORCLORACLE CORPhistory →COM1.50%$4M14.5K
13CRWVCOREWEAVE INChistory →COM CL A1.50%$4M29.8K
14LLYELI LILLY & COhistory →COM1.48%$4M5.3K
15INTCINTEL CORPhistory →COM1.47%$4M119.0K
16MSFTMICROSOFT CORPhistory →COM1.26%$3M6.6K
17IONQIONQ INChistory →COM1.26%$3M55.4K
18NDQINVESCO QQQ TRhistory →UNIT SER 11.25%$3M5.6K
19METAMETA PLATFORMS INChistory →CL A1.21%$3M4.5K
20ISHARES TR20 YR TR BD ET1.13%$3M34.2K
21AMZNAMAZON COM INChistory →COM1.13%$3M13.9K
22HOODROBINHOOD MKTS INChistory →COM CL A1.03%$3M19.5K
23AMDADVANCED MICRO DEVICES INChistory →COM1.01%$3M17.0K
24MUMICRON TECHNOLOGY INCCOM1.00%$3M16.1K
25GSGOLDMAN SACHS GROUP INCCOM0.94%$3M3.2K
26CRCLCIRCLE INTERNET GROUP INCCOM CL A0.92%$2M18.8K
27HIMSHIMS & HERS HEALTH INCCOM CL A0.84%$2M40.3K
28CREDO TECHNOLOGY GROUP HOLDIORDINARY SHARE0.83%$2M15.4K
29DHID R HORTON INCCOM0.76%$2M12.2K
30OKLOOKLO INCCOM CL A0.76%$2M18.5K
31AAPLAPPLE INCCOM0.75%$2M7.9K
32TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.74%$2M7.2K
33TEMTEMPUS AI INCCL A0.68%$2M22.8K
34ARMARM HOLDINGS PLCSPONSORED ADS0.67%$2M12.9K
35CECELANESE CORP DELCOM0.63%$2M40.5K
36MRVLMARVELL TECHNOLOGY INCCOM0.60%$2M19.5K
37VANGUARD INDEX FDSS&P 500 ETF SH0.60%$2M2.7K
38BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.55%$1M8.4K
39NEMNEWMONT CORPCOM0.55%$1M17.6K
40ADBEADOBE INCCOM0.54%$1M4.2K
41CRWDCROWDSTRIKE HLDGS INCCL A0.53%$1M2.9K
42PBRPETROLEO BRASILEIRO SA PETROSPONSORED ADR0.49%$1M105.4K
43ALABASTERA LABS INCCOM0.49%$1M6.8K
44WORLD GOLD TRSPDR GLD MINIS0.48%$1M17.2K
45ASTSAST SPACEMOBILE INCCOM CL A0.46%$1M25.4K
46HAMHARMONY GOLD MINING CO LTDSPONSORED ADR0.45%$1M67.7K
47PFEPFIZER INCCOM0.45%$1M48.1K
48RDDTREDDIT INCCL A0.45%$1M5.3K
49AFRMAFFIRM HLDGS INCCOM CL A0.44%$1M16.4K

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 ↗.