Managers / Q4 2021 · view latest →
Gunma Bank,Ltd.
CIK 0001549449 · 194,MOTOSOJAMACHI, MAEBASHI, GUNMA, M0, 371-8611 · 827-254-3737
Summary
Gunma Bank,Ltd. reported $114M in U.S.-listed holdings across 43 positions for Q4 2021.
The portfolio is heavily concentrated: IYR alone accounts for 30.4% of reported value.
Compared with Q3 2021, the fund opened 15 new positions and exited 14.
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% · $114M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| XLISELECT SECTOR SPDR TR | NEW | +30.0K | 30.0K | +$3M | $3M |
| HDVISHARES TR | NEW | +31.0K | 31.0K | +$3M | $3M |
| IDVISHARES TR | NEW | +100.0K | 100.0K | +$3M | $3M |
| EZUISHARES INC | NEW | +63.0K | 63.0K | +$3M | $3M |
| RWRSPDR SER TR | NEW | +18.0K | 18.0K | +$2M | $2M |
| SPHQINVESCO EXCHANGE TRADED FD T | NEW | +40.0K | 40.0K | +$2M | $2M |
| SDYSPDR SER TR | NEW | +16.0K | 16.0K | +$2M | $2M |
| SCHFSCHWAB STRATEGIC TR | NEW | +53.0K | 53.0K | +$2M | $2M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2021
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IYRISHARES TR | U.S. REAL ES ETF · GLOBAL REIT ETF · U.S. MED DVC ETF · SP 500 VAL ETF · CORE SP500 ETF · SELECT DIVID ETF · CORE HIGH DV ETF · INTL SEL DIV ETF · CORE DIV GRWTH · MSCI USA QLT FCT · EAFE VALUE ETF | 30.41% | $35M | 515.7K |
| 2 | XLRESELECT SECTOR SPDR TR | RL EST SEL SEC · SBI INT-INDS · SBI HEALTHCARE · ENERGY · TECHNOLOGY | 11.39% | $13M | 174.5K |
| 3 | VNQVANGUARD INDEX FDS | REAL ESTATE ETF · SP 500 ETF SHS · TOTAL STK MKT · GROWTH ETF | 9.35% | $11M | 58.0K |
| 4 | EWAISHARES INC | MSCI AUST ETF · MSCI EURZONE ETF · MSCI GERMANY ETF | 8.91% | $10M | 329.0K |
| 5 | RWRSPDR SER TR | DJ REIT ETF · PRTFLO SP500 VL · SP DIVID ETF · PRTFLO SP500 HI | 7.33% | $8M | 132.0K |
| 6 | SCHHSCHWAB STRATEGIC TR | US REIT ETF · INTL EQTY ETF · US LRG CAP ETF | 5.53% | $6M | 113.0K |
| 7 | FEZSPDR INDEX SHS FDShistory → | EURO STOXX 50 | 3.63% | $4M | 89.0K |
| 8 | SPHQINVESCO EXCHANGE TRADED FD T | SP500 QUALITY · SP500 EQL WGT | 3.57% | $4M | 52.0K |
| 9 | QQQINVESCO QQQ TRhistory → | UNIT SER 1 | 2.75% | $3M | 7.9K |
| 10 | VYMVANGUARD WHITEHALL FDShistory → | HIGH DIV YLD | 2.75% | $3M | 28.0K |
| 11 | VGKVANGUARD INTL EQUITY INDEX Fhistory → | FTSE EUROPE ETF | 2.69% | $3M | 45.0K |
| 12 | VEAVANGUARD TAX-MANAGED INTL FDhistory → | FTSE DEV MKT ETF | 2.68% | $3M | 60.0K |
| 13 | DIASPDR DOW JONES INDL AVERAGEhistory → | UT SER 1 | 1.91% | $2M | 6.0K |
| 14 | VIGVANGUARD SPECIALIZED FUNDShistory → | DIV APP ETF | 1.80% | $2M | 12.0K |
| 15 | MOATVANECK ETF TRUSThistory → | MRNGSTR WDE MOAT | 1.80% | $2M | 27.0K |
| 16 | NOBLPROSHARES TRhistory → | SP 500 DV ARIST | 1.55% | $2M | 18.0K |
| 17 | VGTVANGUARD WORLD FDShistory → | INF TECH ETF | 1.00% | $1M | 2.5K |
| 18 | SPHDINVESCO EXCH TRADED FD TR II | SP500 HDL VOL | 0.95% | $1M | 24.0K |
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 ↗.