Managers / Q1 2021 · view latest →
Gunma Bank,Ltd.
CIK 0001549449 · 194,MOTOSOJAMACHI, MAEBASHI, GUNMA, M0, 371-8611 · 827-254-3737
Summary
Gunma Bank,Ltd. reported $175M in U.S.-listed holdings across 36 positions for Q1 2021.
The portfolio is heavily concentrated: ICF alone accounts for 41.5% of reported value.
Compared with Q4 2020, the fund opened 23 new positions and exited 3.
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% · $175M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SCHVSCHWAB STRATEGIC TR | NEW | +68.0K | 68.0K | +$4M | $4M |
| VLUEISHARES TR | NEW | +43.0K | 43.0K | +$4M | $4M |
| IVEISHARES TR | NEW | +31.0K | 31.0K | +$4M | $4M |
| SPDR SER TR | NEW | +115.0K | 115.0K | +$4M | $4M |
| IGVISHARES TR | NEW | +11.6K | 11.6K | +$4M | $4M |
| VVVANGUARD INDEX FDS | NEW | +17.0K | 17.0K | +$3M | $3M |
| VPUVANGUARD WORLD FDS | NEW | +22.4K | 22.4K | +$3M | $3M |
| XLVSELECT SECTOR SPDR TR | NEW | +26.2K | 26.2K | +$3M | $3M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2021
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ICFISHARES TR | COHEN STEER REIT · U.S. REAL ES ETF · GLOBAL REIT ETF · SELECT DIVID ETF · MSCI USA VALUE · SP 500 VAL ETF · EXPANDED TECH · CORE SP500 ETF | 41.49% | $73M | 1.23M |
| 2 | VNQVANGUARD INDEX FDS | REAL ESTATE ETF · LARGE CAP ETF · SP 500 ETF SHS · VALUE ETF · GROWTH ETF | 13.83% | $24M | 208.2K |
| 3 | EWAISHARES INChistory → | MSCI AUST ETF | 9.35% | $16M | 660.0K |
| 4 | SCHVSCHWAB STRATEGIC TR | US LCAP VA ETF · US DIVIDEND EQ · US LRG CAP ETF | 6.37% | $11M | 149.5K |
| 5 | XLUSELECT SECTOR SPDR TR | SBI INT-UTILS · SBI HEALTHCARE · TECHNOLOGY | 6.30% | $11M | 134.4K |
| 6 | SDYSPDR SER TR | PRTFLO SP500 VL · SP DIVID ETF · PRTFLO SP500 GW · PORTFOLIO SP500 | 5.53% | $10M | 193.4K |
| 7 | VYMVANGUARD WHITEHALL FDShistory → | HIGH DIV YLD | 3.42% | $6M | 59.2K |
| 8 | VTVANGUARD INTL EQUITY INDEX F | TT WRLD ST ETF · ALLWRLD EX US · FTSE EUROPE ETF | 3.01% | $5M | 73.0K |
| 9 | VPUVANGUARD WORLD FDS | UTILITIES ETF · INF TECH ETF | 2.95% | $5M | 28.0K |
| 10 | SKYYFIRST TR EXCHANGE TRADED FD | CLOUD COMPUTING · NAS CLNEDG GREEN | 2.39% | $4M | 50.5K |
| 11 | VIGVANGUARD SPECIALIZED FUNDShistory → | DIV APP ETF | 1.84% | $3M | 21.9K |
| 12 | FTECFIDELITY COVINGTON TRUSThistory → | MSCI INFO TECH I | 1.21% | $2M | 20.0K |
| 13 | MGKVANGUARD WORLD FDhistory → | MEGA GRWTH IND | 1.18% | $2M | 10.0K |
| 14 | QQQINVESCO QQQ TRhistory → | UNIT SER 1 | 1.13% | $2M | 6.2K |
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 ↗ |
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 ↗.