Rakuten Investment Management, Inc.

Portfolio Direction

The $49B book tilts toward U.S. mega-cap technology. Expect Nvidia, Microsoft, Apple, Amazon, and Meta in the top 5-6 individual names, supplemented by semiconductor (AMD, Broadcom, Qualcomm) and software (ServiceNow, Adobe, Salesforce) names. The sector weight in Technology likely exceeds 30-40% of gross long equity.

Technique — Active vs Passive Mix

As an active-oriented asset manager, Rakuten Investment Management's ETF holdings are meaningful but secondary to stock selection. The ETF component tends to anchor core market exposure (VTI, VOO, IWM) while the manager exercises security selection in the equity alpha sleeve.