Rakuten Investment Management’s Schwab US Dividend Equity ETF SCHD Stock Holding History

Rakuten Investment Management’s Portfolio SCHD Stock Details SCHD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q2	$1.51B	Sell	47,138,834 -36,045,234	-43%	-$1.14B	4.35%	4
2026 Q1	$2.25B	Buy	83,184,068 +41,592,034	+100%	+$1.26B	4.58%	3
2025 Q4	$1.13B	Hold	41,592,034	–	–	3.8%	3
2025 Q3	$1.13B	Buy	+41,592,034	New	+$1.13B	4.01%	3
2025 Q1	$911M	Buy	+33,032,234	New	+$921M	4.17%	3

Other funds holding SCHD

SLI

Sumitomo Life Insurance Tokyo, Japan $6.12B AUM 21.82% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Cetera Investment Advisers Schaumburg, Illinois $110B AUM 26.29% 1-Year Est. Return

Raymond James Financial St Petersburg, Florida $369B AUM 28.27% 1-Year Est. Return

Envestnet Asset Management Chicago, Illinois $424B AUM 22.96% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

WANY

Wealthspire Advisors (New York) New York $18.2B AUM 21.48% 1-Year Est. Return

Northwestern Mutual Wealth Management Milwaukee, Wisconsin $187B AUM 21.7% 1-Year Est. Return

Rakuten Investment Management's SCHD Position: Q2 2026 in Review

Rakuten Investment Management reduced its Schwab US Dividend Equity ETF (SCHD) stake by 43% in Q2 2026, selling an estimated $1.14B and leaving 47,138,834 shares worth $1.51B. The position accounts for 4.35% of the portfolio, ranked #4.

Rakuten Investment Management first reported a position in SCHD in Q1 2025 and has held it in 5 quarters since. The position peaked at $2.25B in Q1 2026. 2,132 funds tracked by Wall St. Rank hold SCHD as of Q2 2026.

Rakuten Investment Management held 47,138,834 shares of Schwab US Dividend Equity ETF worth $1.51B as of Q2 2026.
Rakuten Investment Management sold 36,045,234 Schwab US Dividend Equity ETF shares in Q2 2026, an estimated $1.14B.
Schwab US Dividend Equity ETF made up 4.35% of Rakuten Investment Management's portfolio in Q2 2026, its #4 holding.
Rakuten Investment Management first reported a position in Schwab US Dividend Equity ETF in Q1 2025 and has held it in 5 quarters since.
Rakuten Investment Management's Schwab US Dividend Equity ETF position peaked at $2.25B in Q1 2026.
2,132 funds tracked by Wall St. Rank held Schwab US Dividend Equity ETF as of Q2 2026.

Based on Rakuten Investment Management's 13F filing for Q2 2026, filed 18 Aug 2026.