Managers / Q1 2024 · view latest →
Gunma Bank,Ltd.
CIK 0001549449 · 194,MOTOSOJAMACHI, MAEBASHI, GUNMA, M0, 371-8611 · 827-254-3737
Summary
Gunma Bank,Ltd. reported $190M in U.S.-listed holdings across 25 positions for Q1 2024.
The portfolio is heavily concentrated: DVY alone accounts for 35.2% of reported value.
Compared with Q4 2023, the fund opened 5 new positions and exited 1.
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% · $190M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| NOBLPROSHARES TR | NEW | +106.0K | 106.0K | +$11M | $11M |
| SCHDSCHWAB STRATEGIC TR | NEW | +120.0K | 120.0K | +$10M | $10M |
| SCHVSCHWAB STRATEGIC TR | NEW | +100.0K | 100.0K | +$8M | $8M |
| SDYSPDR SER TR | NEW | +55.0K | 55.0K | +$7M | $7M |
| SPDR SER TR | NEW | +30.0K | 30.0K | +$2M | $2M |
| VLUEISHARES TR | ADDED | +75.0K | 97.0K | +$8M | $11M |
| IDVISHARES TR | ADDED | +284.0K | 400.0K | +$8M | $11M |
| SPYDSPDR SER TR | ADDED | +100.0K | 175.0K | +$4M | $7M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | DVYISHARES TR | SELECT DIVID ETF · CORE DIV GRWTH · INTL SEL DIV ETF · MSCI USA VALUE · CORE HIGH DV ETF · GLOBAL REIT ETF · U.S. REAL ES ETF · CRE U S REIT ETF · COHEN STEER REIT | 35.17% | $67M | 1.15M |
| 2 | XLPSELECT SECTOR SPDR TR | SBI CONS STPLS · ENERGY · SBI INT-UTILS | 17.36% | $33M | 425.0K |
| 3 | VDEVANGUARD WORLD FD | ENERGY ETF · UTILITIES ETF | 10.80% | $21M | 150.0K |
| 4 | SCHDSCHWAB STRATEGIC TR | US DIVIDEND EQ · US LCAP VA ETF | 9.10% | $17M | 220.0K |
| 5 | SDYSPDR SER TR | S&P DIVID ETF · PRTFLO S&P500 HI · PRTFLO S&P500 VL | 8.35% | $16M | 260.0K |
| 6 | VNQVANGUARD INDEX FDS | REAL ESTATE ETF · VALUE ETF | 6.04% | $11M | 115.0K |
| 7 | NOBLPROSHARES TRhistory → | S&P 500 DV ARIST | 5.66% | $11M | 106.0K |
| 8 | SPHDINVESCO EXCH TRADED FD TR IIhistory → | S&P500 HDL VOL | 4.44% | $8M | 190.0K |
| 9 | VYMIVANGUARD WHITEHALL FDS | INTL HIGH ETF · HIGH DIV YLD | 3.09% | $6M | 70.0K |
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 ↗.