Managers / Q3 2022 · view latest →
Gunma Bank,Ltd.
CIK 0001549449 · 194,MOTOSOJAMACHI, MAEBASHI, GUNMA, M0, 371-8611 · 827-254-3737
Summary
Gunma Bank,Ltd. reported $164M in U.S.-listed holdings across 44 positions for Q3 2022.
The portfolio is heavily concentrated: IYR alone accounts for 32.6% of reported value.
Compared with Q2 2022, the fund opened 5 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% · $164M
Quarter-over-Quarter Changes full breakdown →
vs Q2 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| XLESELECT SECTOR SPDR TR | NEW | +44.0K | 44.0K | +$3M | $3M |
| VDEVANGUARD WORLD FDS | NEW | +31.0K | 31.0K | +$3M | $3M |
| VGKVANGUARD INTL EQUITY INDEX F | NEW | +43.0K | 43.0K | +$2M | $2M |
| VHTVANGUARD WORLD FDS | NEW | +8.0K | 8.0K | +$2M | $2M |
| SPDR INDEX SHS FDS | NEW | +34.0K | 34.0K | +$2M | $2M |
| VOOVANGUARD INDEX FDS | ADDED | +10.0K | 13.0K | +$3M | $4M |
| XLKSELECT SECTOR SPDR TR | SOLD OUT | −110.0K | 0 | −$14M | $0 |
| VTIVANGUARD INDEX FDS | SOLD OUT | −38.0K | 0 | −$7M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 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 · INTL SEL DIV ETF · CRE U S REIT ETF · CORE DIV GRWTH · S&P 100 ETF · MSCI USA VALUE · EAFE VALUE ETF · CORE MSCI EAFE | 32.60% | $53M | 1.10M |
| 2 | VNQVANGUARD INDEX FDS | REAL ESTATE ETF · S&P 500 ETF SHS · VALUE ETF | 12.71% | $21M | 212.0K |
| 3 | XLRESELECT SECTOR SPDR TR | RL EST SEL SEC · ENERGY · SBI CONS STPLS · SBI HEALTHCARE | 10.40% | $17M | 374.0K |
| 4 | SCHDSCHWAB STRATEGIC TR | US DIVIDEND EQ · US REIT ETF · INTL EQTY ETF · US LCAP VA ETF | 7.13% | $12M | 368.0K |
| 5 | RWRSPDR SER TR | DJ REIT ETF · PRTFLO S&P500 HI · PRTFLO S&P500 VL | 6.67% | $11M | 234.0K |
| 6 | VYMVANGUARD WHITEHALL FDS | HIGH DIV YLD · INTL HIGH ETF | 6.04% | $10M | 131.0K |
| 7 | FEZSPDR INDEX SHS FDS | EURO STOXX 50 · GLB NAT RESRCE | 3.94% | $6M | 189.0K |
| 8 | SPHDINVESCO EXCH TRADED FD TR IIhistory → | S&P500 HDL VOL | 3.22% | $5M | 135.0K |
| 9 | EZUISHARES INC | MSCI EURZONE ETF · MSCI AUST ETF | 3.10% | $5M | 205.0K |
| 10 | VDEVANGUARD WORLD FDS | ENERGY ETF · HEALTH CAR ETF | 3.01% | $5M | 39.0K |
| 11 | SPYSPDR S&P 500 ETF TRhistory → | TR UNIT | 2.62% | $4M | 12.0K |
| 12 | RSPINVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT · S&P500 QUALITY | 1.83% | $3M | 47.0K |
| 13 | VEAVANGUARD TAX-MANAGED FDShistory → | VAN FTSE DEV MKT | 1.55% | $3M | 70.0K |
| 14 | NOBLPROSHARES TRhistory → | S&P 500 DV ARIST | 1.51% | $2M | 31.0K |
| 15 | VIGVANGUARD SPECIALIZED FUNDShistory → | DIV APP ETF | 1.32% | $2M | 16.0K |
| 16 | VGKVANGUARD INTL EQUITY INDEX Fhistory → | FTSE EUROPE ETF | 1.21% | $2M | 43.0K |
| 17 | QQQINVESCO QQQ TRhistory → | UNIT SER 1 | 1.14% | $2M | 7.0K |
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 ↗.