Gunma Bank,Ltd.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 24, 2024), Gunma Bank,Ltd. reported 22 stock positions worth $120.0 million. Its top holding was Invesco S&P 500 High Dividen (SPHD) at 7.0% of the portfolio, followed by Schwab US DVD Equity ETF (SCHD, 6.8%) and Vanguard Intermediate-Term T (VGIT, 6.8%). Compared with Q1 2024, it opened 10 new positions, sold out of 13, added to 3 and reduced 8. The biggest buy was a new position in Vanguard Intermediate-Term T (VGIT) and the biggest sale an exit from iShares Core Dividend Growth (DGRO).
- Most Recent 13F
- Q3 2025
- Location
- GUNMA, M0
- CIK
- 0001549449
- Portfolio Value
- $120.0M (Q2 2024)
- SEC Filing
- 0001549449-24-000004 ↗ filed Jul 24, 2024
Holdings Value
Holdings 22 stocks · $120.0M
| SPHD Invesco S&P 500 High Dividen | 7.04% | 190,000 | $8.4M | No change |
| SCHD Schwab US DVD Equity ETF | 6.81% | 105,000 | $8.2M | Reduce -12.5% |
| VGIT Vanguard Intermediate-Term T | 6.79% | 140,000 | $8.2M | New |
| VCIT Vanguard Int-Term Corporate | 6.00% | 90,000 | $7.2M | New |
| IGIB iShares 5-10Y Inv Grade Corp. | 5.55% | 130,000 | $6.7M | New |
| IDV iShares International Select | 5.54% | 240,000 | $6.6M | Reduce -40.0% |
| SHY iShares 1-3 Year Treasury Bo | 5.44% | 80,000 | $6.5M | New |
| NOBL Proshares S&P 500 Dividend A | 4.98% | 62,191 | $6.0M | Reduce -41.3% |
| IEF iShares 7-10 Year Treasury B | 4.68% | 60,000 | $5.6M | New |
| GNR State Street SPDR S&P Global | 4.66% | 100,000 | $5.6M | New |
| SHV iShares 0-1 Year Treasury Bo | 4.61% | 50,000 | $5.5M | New |
| VYMI Vanguard Int High DVD YLD Inc. | 4.57% | 80,000 | $5.5M | Add +60.0% |
| IEI iShares 3-7 Year Treasury Bo | 4.33% | 45,000 | $5.2M | New |
| VPU Vanguard Utilities ETF | 4.32% | 35,000 | $5.2M | Reduce -49.3% |
| SCHI Schwab 5-10 Year Corporate B | 4.04% | 110,000 | $4.9M | New |
| VTV Vanguard Mrngstr Val ETF-Aui | 4.01% | 30,000 | $4.8M | Add +50.0% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 3.86% | 115,000 | $4.6M | Reduce -34.3% |
| SCHV Schwab US Large-Cap Value | 3.09% | 50,000 | $3.7M | Reduce -50.0% |
| SPIB SS SPDR P Int C Corp. ETF | 2.99% | 110,000 | $3.6M | New |
| VDE Vanguard Energy ETF | 2.66% | 25,000 | $3.2M | Reduce -69.1% |
| SPYV SS SPDR P S&P 500 Value ETF | 2.03% | 50,000 | $2.4M | Add +66.7% |
| DVY iShares Select Dividend ETF | 2.02% | 20,000 | $2.4M | Reduce -80.0% |
Portfolio Sells Q1 2024 → Q2 2024
| DGRO iShares Core Dividend Growth | Sold out | 0.00% | −6.42 |
| XLP SS Consumer Staples Sel Sect | Sold out | 0.00% | −6.03 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −5.97 |
| VLUE iShares MSCI USA Value Facto | Sold out | 0.00% | −5.53 |
| HDV iShares Core High Dividend E | Sold out | 0.00% | −5.51 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Sold out | 0.00% | −5.36 |
| DVY iShares Select Dividend ETF | Reduce -80.0% | 2.02% | −4.47 |
| VNQ Vanguard Real Estate ETF | Sold out | 0.00% | −4.33 |
| SDY SS SPDR S&P Dividend ETF | Sold out | 0.00% | −3.80 |
| VDE Vanguard Energy ETF | Reduce -69.1% | 2.66% | −2.96 |
| REET iShares Global REIT ETF | Sold out | 0.00% | −1.87 |
| IYR iShares US Real Estate ETF | Sold out | 0.00% | −1.47 |
| VYM Vanguard High DVD Yield ETF | Sold out | 0.00% | −1.27 |
| USRT iShares Core US REIT ETF | Sold out | 0.00% | −0.99 |
| ICF iShares Select U.S. REIT ETF | Sold out | 0.00% | −0.97 |
| SCHV Schwab US Large-Cap Value | Reduce -50.0% | 3.09% | −0.91 |
| VPU Vanguard Utilities ETF | Reduce -49.3% | 4.32% | −0.87 |
| NOBL Proshares S&P 500 Dividend A | Reduce -41.3% | 4.98% | −0.68 |
| IDV iShares International Select | Reduce -40.0% | 5.54% | −0.37 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Reduce -34.3% | 3.86% | +0.10 |
| SCHD Schwab US DVD Equity ETF | Reduce -12.5% | 6.81% | +1.71 |
Portfolio Buys Q1 2024 → Q2 2024
| VGIT Vanguard Intermediate-Term T | New | 6.79% | +6.79 |
| VCIT Vanguard Int-Term Corporate | New | 6.00% | +6.00 |
| IGIB iShares 5-10Y Inv Grade Corp. | New | 5.55% | +5.55 |
| SHY iShares 1-3 Year Treasury Bo | New | 5.44% | +5.44 |
| IEF iShares 7-10 Year Treasury B | New | 4.68% | +4.68 |
| GNR State Street SPDR S&P Global | New | 4.66% | +4.66 |
| SHV iShares 0-1 Year Treasury Bo | New | 4.61% | +4.61 |
| IEI iShares 3-7 Year Treasury Bo | New | 4.33% | +4.33 |
| SCHI Schwab 5-10 Year Corporate B | New | 4.04% | +4.04 |
| SPIB SS SPDR P Int C Corp. ETF | New | 2.99% | +2.99 |
| VYMI Vanguard Int High DVD YLD Inc. | Add +60.0% | 4.57% | +2.76 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +50.0% | 4.01% | +2.30 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +66.7% | 2.03% | +1.24 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q3 2025 | 31 | $319.4M | IEF, VGIT, SHY, IEI, SHV |
| Q2 2025 | 30 | $306.3M | IEF, VGIT, SHV, IEI, SHY |
| Q1 2025 | 33 | $310.5M | IEF, VGIT, SHV, IEI, SHY |
| Q4 2024 | 33 | $302.8M | VGIT, IEF, SHV, IEI, SHY |
| Q3 2024 | 32 | $242.9M | IEI, IEF, VGIT, SHY, IDV |
| Q2 2024 | 22 | $120.0M | SPHD, SCHD, VGIT, VCIT, IGIB |
| Q1 2024 | 25 | $189.9M | DVY, DGRO, XLP, XLE, IDV |