Managers / Q1 2022 · view latest →
Gunma Bank,Ltd.
CIK 0001549449 · 194,MOTOSOJAMACHI, MAEBASHI, GUNMA, M0, 371-8611 · 827-254-3737
Summary
Gunma Bank,Ltd. reported $42M in U.S.-listed holdings across 8 positions for Q1 2022.
The portfolio is heavily concentrated: IYR alone accounts for 51.6% of reported value.
Compared with Q4 2021, the fund opened 2 new positions and exited 37.
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% · $42M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2021 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ICFISHARES TR | NEW | +46.0K | 46.0K | +$3M | $3M |
| USRTISHARES TR | NEW | +50.0K | 50.0K | +$3M | $3M |
| SCHHSCHWAB STRATEGIC TR | ADDED | +84.0K | 126.0K | +$923,000 | $3M |
| VNQVANGUARD INDEX FDS | ADDED | +54.0K | 92.0K | +$6M | $10M |
| IYRISHARES TR | ADDED | +45.0K | 82.0K | +$5M | $9M |
| EWAISHARES INC | SOLD OUT | −204.0K | 0 | −$5M | $0 |
| FEZSPDR INDEX SHS FDS | SOLD OUT | −89.0K | 0 | −$4M | $0 |
| IHIISHARES TR | SOLD OUT | −62.0K | 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 — Q1 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IYRISHARES TR | U.S. REAL ES ETF · GLOBAL REIT ETF · COHEN STEER REIT · CRE U S REIT ETF | 51.61% | $22M | 398.0K |
| 2 | VNQVANGUARD INDEX FDShistory → | REAL ESTATE ETF | 23.61% | $10M | 92.0K |
| 3 | XLRESELECT SECTOR SPDR TRhistory → | RL EST SEL SEC | 12.36% | $5M | 108.0K |
| 4 | SCHHSCHWAB STRATEGIC TRhistory → | US REIT ETF | 7.42% | $3M | 126.0K |
| 5 | RWRSPDR SER TRhistory → | DJ REIT ETF | 5.00% | $2M | 18.0K |
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 ↗.