Managers / Q2 2022 · view latest →
Gunma Bank,Ltd.
CIK 0001549449 · 194,MOTOSOJAMACHI, MAEBASHI, GUNMA, M0, 371-8611 · 827-254-3737
Summary
Gunma Bank,Ltd. reported $236M in U.S.-listed holdings across 48 positions for Q2 2022.
The portfolio is heavily concentrated: IYR alone accounts for 26.4% of reported value.
Compared with Q1 2022, the fund opened 40 new positions and exited 0.
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% · $236M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| SPYSPDR S&P 500 ETF TR | NEW | +40.0K | 40.0K | +$15M | $15M |
| XLKSELECT SECTOR SPDR TR | NEW | +110.0K | 110.0K | +$14M | $14M |
| QQQINVESCO QQQ TR | NEW | +38.0K | 38.0K | +$11M | $11M |
| VYMVANGUARD WHITEHALL FDS | NEW | +72.0K | 72.0K | +$7M | $7M |
| VTIVANGUARD INDEX FDS | NEW | +38.0K | 38.0K | +$7M | $7M |
| XLUSELECT SECTOR SPDR TR | NEW | +94.0K | 94.0K | +$7M | $7M |
| SPHDINVESCO EXCH TRADED FD TR II | NEW | +135.0K | 135.0K | +$6M | $6M |
| SDYSPDR SER TR | NEW | +49.0K | 49.0K | +$6M | $6M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IYRISHARES TR | U.S. REAL ES ETF · GLOBAL REIT ETF · SELECT DIVID ETF · CORE HIGH DV ETF · CORE S&P500 ETF · COHEN STEER REIT · CRE U S REIT ETF · RUS 1000 ETF · INTL SEL DIV ETF · CORE DIV GRWTH · S&P 100 ETF · MSCI USA VALUE · EAFE VALUE ETF · CORE MSCI EAFE | 26.44% | $62M | 1.09M |
| 2 | XLKSELECT SECTOR SPDR TR | TECHNOLOGY · RL EST SEL SEC · SBI INT-UTILS · SBI CONS STPLS · SBI HEALTHCARE | 15.71% | $37M | 542.0K |
| 3 | VNQVANGUARD INDEX FDS | REAL ESTATE ETF · TOTAL STK MKT · VALUE ETF · S&P 500 ETF SHS | 11.39% | $27M | 240.0K |
| 4 | SDYSPDR SER TR | S&P DIVID ETF · DJ REIT ETF · PRTFLO S&P500 HI · PRTFLO S&P500 VL | 7.62% | $18M | 283.0K |
| 5 | SPYSPDR S&P 500 ETF TRhistory → | TR UNIT | 6.39% | $15M | 40.0K |
| 6 | SCHDSCHWAB STRATEGIC TR | US DIVIDEND EQ · US REIT ETF · US LRG CAP ETF · INTL EQTY ETF · US LCAP VA ETF | 6.19% | $15M | 408.0K |
| 7 | VYMVANGUARD WHITEHALL FDS | HIGH DIV YLD · INTL HIGH ETF | 4.57% | $11M | 131.0K |
| 8 | QQQINVESCO QQQ TRhistory → | UNIT SER 1 | 4.51% | $11M | 38.0K |
| 9 | EZUISHARES INC | MSCI EURZONE ETF · MSCI AUST ETF · MSCI GERMANY ETF | 3.36% | $8M | 305.0K |
| 10 | SPHDINVESCO EXCH TRADED FD TR IIhistory → | S&P500 HDL VOL | 2.52% | $6M | 135.0K |
| 11 | DIASPDR DOW JONES INDL AVERAGEhistory → | UT SER 1 | 2.35% | $6M | 18.0K |
| 12 | FEZSPDR INDEX SHS FDShistory → | EURO STOXX 50 | 2.28% | $5M | 155.0K |
| 13 | VPUVANGUARD WORLD FDShistory → | UTILITIES ETF | 2.01% | $5M | 31.2K |
| 14 | RSPINVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT · S&P500 QUALITY | 1.34% | $3M | 47.0K |
| 15 | VEAVANGUARD TAX-MANAGED INTL FDhistory → | VAN FTSE DEV MKT | 1.21% | $3M | 70.0K |
| 16 | NOBLPROSHARES TRhistory → | S&P 500 DV ARIST | 1.12% | $3M | 31.0K |
| 17 | VIGVANGUARD SPECIALIZED FUNDS | DIV APP ETF | 0.97% | $2M | 16.0K |
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 ↗.