Rakuten Investment Management portfolio

What changed this quarter

570 positions with a change (112 new, 432 added to, 16 trimmed, 10 sold). 6 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Apple+2.5 ppof portfolioNew
  — → 2.5%
• Amazon.com+1.3 ppof portfolioNew
  — → 1.3%
• Vanguard Index Funds+1.6%more sharesIncreased
  52.7% → 46.6%
• Advanced Micro Devices+0.7 ppof portfolioNew
  — → 0.7%
• SPDR Gold Minishares Trust ETF+0.6 ppof portfolioNew
  — → 0.6%
• J P Morgan Exchange Traded Fund+0.5 ppof portfolioNew
  — → 0.5%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Vanguard Index FundsVTI46.6%
• Vanguard International Equity Index FVT5.9%
• Schwab US DVD Equity ETFSCHD4.1%
• Vanguard Total International Stock ETFVXUS3.9%
• NVIDIANVDA2.9%
• AppleAAPL2.5%
• MicrosoftMSFT1.9%
• AlphabetGOOGL · GOOG1.9%
• Vanguard S&P 500 ETFVOO1.7%
• Amazon.comAMZN1.3%
• BroadcomAVGO0.9%
• Meta PlatformsMETA0.9%
• Micron TechnologyMU0.9%
• Vanguard High DVD Yield ETFVYM0.7%
• Advanced Micro DevicesAMD0.7%
• TeslaTSLA0.6%
• SPDR Gold Minishares Trust ETFGLDM0.6%
• J P Morgan Exchange Traded FundJEPQ0.5%
• Eli LillyLLY0.4%
• IntelINTC0.4%
• JPMorgan ChaseJPM0.4%
• Berkshire HathawayBRK/B0.4%
• WalmartWMT0.3%
• Applied MaterialsAMAT0.3%
• Lam ResearchLRCX0.3%
• Exxon MobilXOM0.3%
• Johnson & JohnsonJNJ0.3%
• Palantir TechnologiesPLTR0.3%
• Cisco SystemsCSCO0.3%
• Schwab Emrg Mrkts Eqty ETFSCHE0.3%
• VisaV0.3%
• Costco WholesaleCOST0.3%
• Palo Alto NetworksPANW0.2%
• AbbVieABBV0.2%
• KLAKLAC0.2%
• Texas InstrumentsTXN0.2%
• MastercardMA0.2%
• NetflixNFLX0.2%
• Marvell TechnologyMRVL0.2%
• iShares Core S&P 500 ETFIVV0.2%
• CrowdStrike HoldingsCRWD0.2%
• ChevronCVX0.2%
• CaterpillarCAT0.2%
• SandiskSNDK0.2%
• QualcommQCOM0.2%
• Analog DevicesADI0.2%
• MerckMRK0.2%
• Bank of AmericaBAC0.2%
• Space Exploration TechnologiesSPCX0.2%
• Procter & GamblePG0.2%
• AmgenAMGN0.1%
• UnitedHealth GroupUNH0.1%
• Coca-ColaKO0.1%
• GE AerospaceGE0.1%
• iShares Core US Reit ETFUSRT0.1%
• LindeLIN0.1%
• Vanguard International Equity Index FVWO0.1%
• Intercont (Cayman)NCT0.1%
• Philip Morris InternationalPM0.1%
• Vanguard Ftse Developed ETFVEA0.1%
• Home DepotHD0.1%
• Gilead SciencesGILD0.1%
• Goldman Sachs GroupGS0.1%
• PepsicoPEP0.1%
• GE VernovaGEV0.1%
• RTXRTX0.1%
• Thermo Fisher ScientificTMO0.1%
• Wells FargoWFC0.1%
• Western DigitalWDC0.1%
• OracleORCL0.1%
• Morgan StanleyMS0.1%
• CitigroupC0.1%
• Intuitive SurgicalISRG0.1%
• Arista NetworksANET0.1%
• AmphenolAPH0.1%
• International Business MachinesIBM0.1%
• Vertex PharmaceuticalsVRTX0.1%
• Verizon CommunicationsVZ0.1%
• SalesforceCRM0.1%
• Walt DisneyDIS0.1%
• Booking HoldingsBKNG0.1%
• Abrdn Platinum ETF TrustPPLT0.1%
• Abbott LaboratoriesABT0.1%
• FortinetFTNT0.1%
• DeereDE0.1%
• At&tT0.1%
• EatonETN0.1%
• WelltowerWELL0.1%
• McDONALD’SMCD0.1%
• ASML HoldingASML0.1%
• PfizerPFE0.1%
• T-mobile USTMUS0.1%
• Union PacificUNP0.1%
• Dell TechnologiesDELL0.1%
• Charles SchwabSCHW0.1%
• StarbucksSBUX0.1%
• American ExpressAXP0.1%
• Nextera EnergyNEE0.1%
• Monolithic Power SystemsMPWR0.1%