Rakuten Group raises stake in Rakuten Bank by $3.8bn

A filing disclosed on 5 October shows Rakuten Group raised its holding in Rakuten Bank by $3.8bn. The change took place on 1 October and is the largest single stake change reported by any filer in the past 30 days.

Banks drew the largest net increases among sectors. Across 11 reports covering banks, filers disclosed $4.7bn of increases against $106.5mn of reductions, leaving $4.6bn of net increases. Technology and telecoms groups recorded $1.6bn of increases and $280.5mn of reductions across 148 filings, leaving $1.3bn of net increases.

Retailers recorded the largest net reductions at $5.0bn across 105 reports, after holders disclosed $5.9bn of reductions and $958.6mn of increases.

Electronics makers also saw net cuts by large shareholders. Filers reported $3.5bn of reductions in the sector against $630.5mn of increases across 76 filings, leaving $2.9bn of net reductions.