Managers / Q2 2021 · view latest →
Gunma Bank,Ltd.
CIK 0001549449 · 194,MOTOSOJAMACHI, MAEBASHI, GUNMA, M0, 371-8611 · 827-254-3737
Summary
Gunma Bank,Ltd. reported $151M in U.S.-listed holdings across 45 positions for Q2 2021.
The portfolio is heavily concentrated: IYR alone accounts for 30.3% of reported value.
Compared with Q1 2021, the fund opened 18 new positions and exited 9.
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% · $151M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SPYDSPDR SER TR | NEW | +102.0K | 102.0K | +$4M | $4M |
| IHIISHARES TR | NEW | +9.0K | 9.0K | +$3M | $3M |
| VXUSVANGUARD STAR FDS | NEW | +48.0K | 48.0K | +$3M | $3M |
| SPYSPDR SP 500 ETF TR | NEW | +7.0K | 7.0K | +$3M | $3M |
| VEAVANGUARD TAX-MANAGED INTL FD | NEW | +58.0K | 58.0K | +$3M | $3M |
| QUALISHARES TR | NEW | +22.0K | 22.0K | +$3M | $3M |
| DIASPDR DOW JONES INDL AVERAGE | NEW | +8.4K | 8.4K | +$3M | $3M |
| HDVISHARES TR | NEW | +30.0K | 30.0K | +$3M | $3M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2021
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IYRISHARES TR | U.S. REAL ES ETF · SELECT DIVID ETF · U.S. MED DVC ETF · GLOBAL REIT ETF · SP 500 VAL ETF · MSCI USA QLT FCT · CORE HIGH DV ETF · RUS 1000 VAL ETF · INTL SEL DIV ETF · EXPANDED TECH · SP 100 ETF · CORE SP500 ETF · CORE SP US VLU · CORE DIV GRWTH · MSCI USA VALUE · COHEN STEER REIT | 30.27% | $46M | 531.0K |
| 2 | EWAISHARES INC | MSCI AUST ETF · MSCI GERMANY ETF | 12.93% | $20M | 730.0K |
| 3 | VNQVANGUARD INDEX FDS | REAL ESTATE ETF · VALUE ETF · GROWTH ETF · TOTAL STK MKT | 8.86% | $13M | 99.3K |
| 4 | XLUSELECT SECTOR SPDR TR | SBI INT-UTILS · SBI HEALTHCARE · TECHNOLOGY | 8.28% | $13M | 134.9K |
| 5 | SPYDSPDR SER TR | PRTFLO SP500 HI · PRTFLO SP500 VL · SP DIVID ETF | 7.37% | $11M | 227.5K |
| 6 | SCHXSCHWAB STRATEGIC TR | US LRG CAP ETF · US DIVIDEND EQ · US LCAP VA ETF | 5.35% | $8M | 98.5K |
| 7 | VGKVANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF · ALLWRLD EX US · TT WRLD ST ETF | 4.47% | $7M | 97.0K |
| 8 | VYMVANGUARD WHITEHALL FDShistory → | HIGH DIV YLD | 4.02% | $6M | 58.0K |
| 9 | VPUVANGUARD WORLD FDShistory → | UTILITIES ETF | 2.84% | $4M | 31.0K |
| 10 | VIGVANGUARD SPECIALIZED FUNDShistory → | DIV APP ETF | 2.12% | $3M | 20.7K |
| 11 | VXUSVANGUARD STAR FDShistory → | VG TL INTL STK F | 2.08% | $3M | 48.0K |
| 12 | SPYSPDR SP 500 ETF TRhistory → | TR UNIT | 1.98% | $3M | 7.0K |
| 13 | VEAVANGUARD TAX-MANAGED INTL FDhistory → | FTSE DEV MKT ETF | 1.97% | $3M | 58.0K |
| 14 | DIASPDR DOW JONES INDL AVERAGEhistory → | UT SER 1 | 1.91% | $3M | 8.4K |
| 15 | QQQINVESCO QQQ TRhistory → | UNIT SER 1 | 1.45% | $2M | 6.2K |
| 16 | RSPINVESCO EXCHANGE TRADED FD Thistory → | SP500 EQL WGT | 1.39% | $2M | 14.0K |
| 17 | FEZSPDR INDEX SHS FDShistory → | EURO STOXX 50 | 1.36% | $2M | 44.0K |
| 18 | SPHDINVESCO EXCH TRADED FD TR IIhistory → | SP500 HDL VOL | 1.34% | $2M | 46.0K |
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 ↗.