Managers / Q4 2022 · view latest →
Gunma Bank,Ltd.
CIK 0001549449 · 194,MOTOSOJAMACHI, MAEBASHI, GUNMA, M0, 371-8611 · 827-254-3737
Summary
Gunma Bank,Ltd. reported $201M in U.S.-listed holdings across 45 positions for Q4 2022.
The portfolio is heavily concentrated: IYR alone accounts for 30.5% of reported value.
Compared with Q3 2022, the fund opened 9 new positions and exited 8.
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% · $201M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2022 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| VTIVANGUARD INDEX FDS | NEW | +28.0K | 28.0K | +$5M | $5M |
| XLKSELECT SECTOR SPDR TR | NEW | +40.0K | 40.0K | +$5M | $5M |
| SPYMSPDR SER TR | NEW | +105.0K | 105.0K | +$5M | $5M |
| ITOTISHARES TR | NEW | +55.0K | 55.0K | +$5M | $5M |
| XLUSELECT SECTOR SPDR TR | NEW | +48.0K | 48.0K | +$3M | $3M |
| IWBISHARES TR | NEW | +15.0K | 15.0K | +$3M | $3M |
| VVVANGUARD INDEX FDS | NEW | +10.0K | 10.0K | +$2M | $2M |
| VPUVANGUARD WORLD FDS | NEW | +10.0K | 10.0K | +$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 2022
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IYRISHARES TR | U.S. REAL ES ETF · GLOBAL REIT ETF · CORE HIGH DV ETF · SELECT DIVID ETF · CORE S&P TTL STK · CORE DIV GRWTH · COHEN STEER REIT · CRE U S REIT ETF · RUS 1000 ETF · CORE S&P500 ETF · MSCI USA VALUE · EAFE VALUE ETF · INTL SEL DIV ETF | 30.55% | $62M | 1.09M |
| 2 | VNQVANGUARD INDEX FDS | REAL ESTATE ETF · TOTAL STK MKT · S&P 500 ETF SHS · VALUE ETF · LARGE CAP ETF | 15.03% | $30M | 260.0K |
| 3 | XLRESELECT SECTOR SPDR TR | RL EST SEL SEC · TECHNOLOGY · SBI INT-UTILS · SBI HEALTHCARE · ENERGY | 11.31% | $23M | 402.0K |
| 4 | SPYDSPDR SER TR | PRTFLO S&P500 HI · DJ REIT ETF · PORTFOLIO S&P500 · PRTFLO S&P500 VL | 8.61% | $17M | 359.0K |
| 5 | VYMVANGUARD WHITEHALL FDS | HIGH DIV YLD · INTL HIGH ETF | 5.72% | $12M | 133.0K |
| 6 | SCHHSCHWAB STRATEGIC TR | US REIT ETF · US DIVIDEND EQ · US LCAP VA ETF | 4.96% | $10M | 300.0K |
| 7 | SPYSPDR S&P 500 ETF TRhistory → | TR UNIT | 3.70% | $7M | 19.5K |
| 8 | VDEVANGUARD WORLD FDS | ENERGY ETF · UTILITIES ETF · INF TECH ETF | 3.10% | $6M | 44.0K |
| 9 | EWAISHARES INChistory → | MSCI AUST ETF | 3.09% | $6M | 280.0K |
| 10 | SPHDINVESCO EXCH TRADED FD TR IIhistory → | S&P500 HDL VOL | 2.94% | $6M | 135.0K |
| 11 | QQQINVESCO QQQ TRhistory → | UNIT SER 1 | 2.51% | $5M | 19.0K |
| 12 | NOBLPROSHARES TRhistory → | S&P 500 DV ARIST | 2.23% | $5M | 50.0K |
| 13 | SPDR INDEX SHS FDS | GLB NAT RESRCE | 1.92% | $4M | 68.0K |
| 14 | RSPINVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT · S&P500 QUALITY | 1.65% | $3M | 47.0K |
| 15 | VEAVANGUARD TAX-MANAGED FDShistory → | VAN FTSE DEV MKT | 1.46% | $3M | 70.0K |
| 16 | VIGVANGUARD SPECIALIZED FUNDShistory → | DIV APP ETF | 1.21% | $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 ↗ |
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 ↗.