Managers / Q3 2021 · view latest →
Gunma Bank,Ltd.
CIK 0001549449 · 194,MOTOSOJAMACHI, MAEBASHI, GUNMA, M0, 371-8611 · 827-254-3737
Summary
Gunma Bank,Ltd. reported $180M in U.S.-listed holdings across 42 positions for Q3 2021.
The portfolio is heavily concentrated: IYR alone accounts for 32.1% of reported value.
Compared with Q2 2021, the fund opened 7 new positions and exited 10.
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% · $180M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| VOOVANGUARD INDEX FDS | NEW | +12.0K | 12.0K | +$5M | $5M |
| VVVANGUARD INDEX FDS | NEW | +22.0K | 22.0K | +$4M | $4M |
| XLRESELECT SECTOR SPDR TR | NEW | +96.0K | 96.0K | +$4M | $4M |
| SCHHSCHWAB STRATEGIC TR | NEW | +70.0K | 70.0K | +$3M | $3M |
| USRTISHARES TR | NEW | +54.0K | 54.0K | +$3M | $3M |
| MGKVANGUARD WORLD FD | NEW | +9.0K | 9.0K | +$2M | $2M |
| NOBLPROSHARES TR | NEW | +22.0K | 22.0K | +$2M | $2M |
| IHIISHARES TR | ADDED | +45.0K | 54.0K | +$141,000 | $3M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2021
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IYRISHARES TR | U.S. REAL ES ETF · GLOBAL REIT ETF · COHEN STEER REIT · SP 100 ETF · CORE DIV GRWTH · SELECT DIVID ETF · U.S. MED DVC ETF · CRE U S REIT ETF · SP 500 VAL ETF · MSCI USA QLT FCT · RUS 1000 VAL ETF · EXPANDED TECH · CORE SP500 ETF · CORE SP US VLU | 32.13% | $58M | 773.0K |
| 2 | VNQVANGUARD INDEX FDS | REAL ESTATE ETF · SP 500 ETF SHS · LARGE CAP ETF · VALUE ETF · TOTAL STK MKT | 14.85% | $27M | 189.5K |
| 3 | EWAISHARES INC | MSCI AUST ETF · MSCI GERMANY ETF | 10.36% | $19M | 730.0K |
| 4 | XLVSELECT SECTOR SPDR TR | SBI HEALTHCARE · SBI INT-UTILS · RL EST SEL SEC · TECHNOLOGY | 9.79% | $18M | 236.7K |
| 5 | SCHHSCHWAB STRATEGIC TR | US REIT ETF · US LRG CAP ETF · US DIVIDEND EQ · US LCAP VA ETF | 6.78% | $12M | 183.5K |
| 6 | DIASPDR DOW JONES INDL AVERAGEhistory → | UT SER 1 | 4.01% | $7M | 21.4K |
| 7 | VYMVANGUARD WHITEHALL FDShistory → | HIGH DIV YLD | 3.32% | $6M | 58.0K |
| 8 | VGKVANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF · TT WRLD ST ETF | 2.79% | $5M | 65.0K |
| 9 | QQQINVESCO QQQ TRhistory → | UNIT SER 1 | 2.42% | $4M | 12.2K |
| 10 | VPUVANGUARD WORLD FDShistory → | UTILITIES ETF | 2.39% | $4M | 31.0K |
| 11 | FEZSPDR INDEX SHS FDShistory → | EURO STOXX 50 | 2.21% | $4M | 88.0K |
| 12 | SPDR SER TR | PRTFLO SP500 VL | 2.16% | $4M | 100.0K |
| 13 | VIGVANGUARD SPECIALIZED FUNDShistory → | DIV APP ETF | 1.76% | $3M | 20.7K |
| 14 | VEAVANGUARD TAX-MANAGED INTL FDhistory → | FTSE DEV MKT ETF | 1.62% | $3M | 58.0K |
| 15 | MGKVANGUARD WORLD FDhistory → | MEGA GRWTH IND | 1.17% | $2M | 9.0K |
| 16 | RSPINVESCO EXCHANGE TRADED FD Thistory → | SP500 EQL WGT | 1.16% | $2M | 14.0K |
| 17 | NOBLPROSHARES TRhistory → | SP 500 DV ARIST | 1.08% | $2M | 22.0K |
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 ↗ |
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 ↗.