Managers / Q4 2025 · 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 $308M in U.S.-listed holdings across 892 positions for Q4 2025.
Its largest position, NVDA, represents 11.5% of the portfolio.
Compared with Q3 2025, the fund opened 82 new positions and exited 95.
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 · 86.7% · $267M
- ETP · 6.7% · $21M
- ADR · 3.5% · $11M
- Other · 3.1% · $9M
- NY Reg Shrs · 0.0% · $82,489
Quarter-over-Quarter Changes full breakdown →
vs Q3 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| IREN LIMITED | NEW | +45.8K | 45.8K | +$2M | $2M |
| HLHECLA MNG CO | NEW | +43.6K | 43.6K | +$835,993 | $835,993 |
| CIFRCIPHER MINING INC | NEW | +12.4K | 12.4K | +$182,980 | $182,980 |
| SCCOSOUTHERN COPPER CORP | NEW | +1.1K | 1.1K | +$153,513 | $153,513 |
| OSCROSCAR HEALTH INC | NEW | +6.0K | 6.0K | +$86,004 | $86,004 |
| VANGUARD BD INDEX FDS | NEW | +1.0K | 1.0K | +$77,880 | $77,880 |
| ACWIISHARES TR | NEW | +505 | 505 | +$71,452 | $71,452 |
| FLYFIREFLY AEROSPACE INC | NEW | +3.1K | 3.1K | +$68,922 | $68,922 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2025
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 ↗ |
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 ↗.