Managers / Q4 2020 · view latest →
Gunma Bank,Ltd.
CIK 0001549449 · 194,MOTOSOJAMACHI, MAEBASHI, GUNMA, M0, 371-8611 · 827-254-3737
Summary
Gunma Bank,Ltd. reported $110M in U.S.-listed holdings across 16 positions for Q4 2020.
The portfolio is heavily concentrated: ICF alone accounts for 49.0% of reported value.
Compared with Q3 2020, the fund opened 4 new positions and exited 5.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- ETP · 100.0% · $110M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| VIGVANGUARD SPECIALIZED FUNDS | NEW | +14.4K | 14.4K | +$2M | $2M |
| SCHXSCHWAB STRATEGIC TR | NEW | +11.5K | 11.5K | +$1M | $1M |
| OEFISHARES TR | NEW | +6.0K | 6.0K | +$1M | $1M |
| IVVISHARES TR | NEW | +2.7K | 2.7K | +$1M | $1M |
| DIASPDR DOW JONES INDL AVERAGE | SOLD OUT | −18.0K | 0 | −$5M | $0 |
| HDVISHARES TR | SOLD OUT | −58.4K | 0 | −$5M | $0 |
| SCHVSCHWAB STRATEGIC TR | SOLD OUT | −72.0K | 0 | −$4M | $0 |
| SDYSPDR SER TR | SOLD OUT | −40.2K | 0 | −$4M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2020
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ICFISHARES TR | COHEN STEER REIT · U.S. REAL ES ETF · GLOBAL REIT ETF · CORE DIV GRWTH · SELECT DIVID ETF · SP 100 ETF · CORE SP 500 ETF | 48.99% | $54M | 1.19M |
| 2 | VNQVANGUARD INDEX FDS | REAL ESTATE ETF · VALUE ETF | 16.52% | $18M | 198.5K |
| 3 | EWAISHARES INChistory → | MSCI AUST ETF | 14.43% | $16M | 660.0K |
| 4 | XLUSELECT SECTOR SPDR TRhistory → | SBI INT-UTILS | 5.32% | $6M | 93.0K |
| 5 | SPYSPDR SP 500 ETF TRhistory → | TR UNIT | 5.12% | $6M | 15.0K |
| 6 | VYMVANGUARD WHITEHALL FDShistory → | HIGH DIV YLD | 4.94% | $5M | 59.2K |
| 7 | SCHDSCHWAB STRATEGIC TR | US DIVIDEND EQ · US LRG CAP ETF | 2.83% | $3M | 43.5K |
| 8 | VIGVANGUARD SPECIALIZED FUNDShistory → | DIV APP ETF | 1.86% | $2M | 14.4K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q3 2025 | $319M | 31 | Nov 6, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $306M | 30 | Jul 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $310M | 33 | May 8, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $303M | 33 | Jan 29, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $243M | 32 | Nov 7, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $120M | 22 | Jul 24, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $190M | 25 | Apr 24, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $103M | 21 | Jan 23, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $137M | 27 | Oct 26, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $148M | 25 | Jul 25, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $227M | 40 | Apr 20, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $201M | 45 | Jan 24, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $164M | 44 | Nov 10, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $236M | 48 | Jul 20, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $42M | 8 | Apr 22, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $114M | 43 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $180M | 42 | Nov 10, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $151M | 45 | Aug 5, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $175M | 36 | May 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $110M | 16 | Feb 12, 2021 | RESTATEMENT | changes · EDGAR ↗ |
| Q3 2020 | $126M | 17 | Oct 28, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $97M | 13 | Jul 22, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $125M | 12 | May 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $105M | 9 | Feb 5, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $105M | 9 | Nov 7, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $101M | 9 | Aug 7, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $99M | 9 | May 10, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $87M | 9 | Feb 7, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.