Rakuten Group, Inc.

**Rakuten Group, Inc.** manages a $2.3B AUM, maintaining a concentrated portfolio of four key positions. The fund exhibits a significant overweighting in ASTS, holding $2,253.0M, which dominates the current allocation. Smaller, yet notable, positions include IBIT at $5.5M, ETHA at $1.2M, and GSCE at $0.2M. This structure suggests a highly focused, large-cap technology or digital asset exposure strategy.

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