Managers / Q4 2024 · view latest →
Gunma Bank,Ltd.
CIK 0001549449 · 194,MOTOSOJAMACHI, MAEBASHI, GUNMA, M0, 371-8611 · 827-254-3737
Summary
Gunma Bank,Ltd. reported $303M in U.S.-listed holdings across 33 positions for Q4 2024.
The portfolio is heavily concentrated: IEF alone accounts for 44.5% of reported value.
Compared with Q3 2024, the fund opened 2 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% · $303M
Quarter-over-Quarter Changes full breakdown →
vs Q3 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| XLUSELECT SECTOR SPDR TR | NEW | +107.3K | 107.3K | +$8M | $8M |
| EWAISHARES INC | NEW | +260.0K | 260.0K | +$6M | $6M |
| IVEISHARES TR | ADDED | +25.0K | 34.0K | +$5M | $6M |
| SCHISCHWAB STRATEGIC TR | ADDED | +415.0K | 580.0K | +$5M | $13M |
| SCHVSCHWAB STRATEGIC TR | ADDED | +168.0K | 240.0K | +$470,000 | $6M |
| SCHDSCHWAB STRATEGIC TR | ADDED | +155.0K | 235.0K | −$342,000 | $6M |
| SHVISHARES TR | ADDED | +90.0K | 170.0K | +$10M | $19M |
| VGITVANGUARD SCOTTSDALE FDS | ADDED | +200.0K | 395.0K | +$11M | $23M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | IEFISHARES TR | 7-10 YR TRSY BD · SHORT TREAS BD · 3 7 YR TREAS BD · 1 3 YR TREAS BD · ISHS 5-10YR INVT · CORE HIGH DV ETF · ISHS 1-5YR INVS · INTL SEL DIV ETF · MSCI USA VALUE · S&P 500 VAL ETF · CORE DIV GRWTH · SELECT DIVID ETF | 44.47% | $135M | 1.73M |
| 2 | VGITVANGUARD SCOTTSDALE FDS | INTER TERM TREAS · INT-TERM CORP | 10.91% | $33M | 521.0K |
| 3 | SCHISCHWAB STRATEGIC TR | 5 10YR CORP BD · US DIVIDEND EQ · US LCAP VA ETF | 8.41% | $25M | 1.05M |
| 4 | SPIBSPDR SER TR | PORTFOLIO INTRMD · S&P DIVID ETF · PRTFLO S&P500 VL · PRTFLO S&P500 HI | 8.08% | $24M | 498.3K |
| 5 | XLPSELECT SECTOR SPDR TR | SBI CONS STPLS · SBI INT-UTILS · ENERGY | 7.87% | $24M | 300.5K |
| 6 | VPUVANGUARD WORLD FD | UTILITIES ETF · ENERGY ETF | 5.14% | $16M | 108.6K |
| 7 | VYMIVANGUARD WHITEHALL FDS | INTL HIGH ETF · HIGH DIV YLD | 5.02% | $15M | 179.0K |
| 8 | SPDR INDEX SHS FDS | GLB NAT RESRCE | 2.60% | $8M | 158.0K |
| 9 | SPHDINVESCO EXCH TRADED FD TR IIhistory → | S&P500 HDL VOL | 2.31% | $7M | 145.0K |
| 10 | VTVVANGUARD INDEX FDShistory → | VALUE ETF | 2.12% | $6M | 38.0K |
| 11 | EWAISHARES INChistory → | MSCI AUST ETF | 2.05% | $6M | 260.0K |
| 12 | NOBLPROSHARES TRhistory → | S&P 500 DV ARIST | 1.02% | $3M | 31.0K |
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 ↗.