Gunma Bank,Ltd.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 8, 2025), Gunma Bank,Ltd. reported 33 stock positions worth $310.5 million. Its top holding was iShares 7-10 Year Treasury B (IEF) at 8.9% of the portfolio, followed by Vanguard Intermediate-Term T (VGIT, 7.6%) and iShares 0-1 Year Treasury Bo (SHV, 6.0%). Compared with Q4 2024, it opened 2 new positions, sold out of 2, added to 8 and reduced 11. The biggest buy was a new position in iShares Core S&P 500 ETF (IVV) and the biggest sale an exit from Vanguard Energy ETF (VDE).
- Most Recent 13F
- Q3 2025
- Location
- GUNMA, M0
- CIK
- 0001549449
- Portfolio Value
- $310.5M (Q1 2025)
- SEC Filing
- 0001549449-25-000003 ↗ filed May 8, 2025
Holdings Value
Holdings 33 stocks · $310.5M
| IEF iShares 7-10 Year Treasury B | 8.91% | 290,000 | $27.7M | Add +38.1% |
| VGIT Vanguard Intermediate-Term T | 7.56% | 395,000 | $23.5M | No change |
| SHV iShares 0-1 Year Treasury Bo | 6.05% | 170,000 | $18.8M | No change |
| IEI iShares 3-7 Year Treasury Bo | 5.71% | 150,000 | $17.7M | No change |
| SHY iShares 1-3 Year Treasury Bo | 5.46% | 205,000 | $17.0M | No change |
| SCHI Schwab 5-10 Year Corporate B | 4.20% | 580,000 | $13.0M | No change |
| IGIB iShares 5-10Y Inv Grade Corp. | 4.06% | 240,000 | $12.6M | No change |
| IVV iShares Core S&P 500 ETF | 3.80% | 21,000 | $11.8M | New |
| SPY SS SPDR S&P 500 ETF Trust-US | 3.59% | 19,900 | $11.1M | New |
| VCIT Vanguard Int-Term Corporate | 3.32% | 126,000 | $10.3M | No change |
| VTV Vanguard Mrngstr Val ETF-Aui | 2.95% | 53,000 | $9.2M | Add +39.5% |
| SCHD Schwab US DVD Equity ETF | 2.93% | 325,000 | $9.1M | Add +38.3% |
| HDV iShares Core High Dividend E | 2.93% | 75,000 | $9.1M | No change |
| SPYV SS SPDR P S&P 500 Value ETF | 2.90% | 176,200 | $9.0M | Add +41.0% |
| SDY SS SPDR S&P Dividend ETF | 2.85% | 65,300 | $8.9M | Add +27.3% |
| XLP SS Consumer Staples Sel Sect | 2.85% | 108,249 | $8.8M | Reduce -10.0% |
| SPIB SS SPDR P Int C Corp. ETF | 2.68% | 250,000 | $8.3M | No change |
| IGSB iShares 1-5Y Inv Grade Corp. | 2.65% | 157,000 | $8.2M | No change |
| SPHD Invesco S&P 500 High Dividen | 2.35% | 145,000 | $7.3M | No change |
| DVY iShares Select Dividend ETF | 2.32% | 53,600 | $7.2M | Add +9.4% |
| NOBL Proshares S&P 500 Dividend A | 2.28% | 69,397 | $7.1M | Add +123.9% |
| EWA iShares MSCI Australia ETF | 1.96% | 260,000 | $6.1M | No change |
| VYM Vanguard High DVD Yield ETF | 1.87% | 45,000 | $5.8M | Reduce -11.8% |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.78% | 70,199 | $5.5M | Reduce -34.6% |
| SPYD SS SPDR P S&P 500 Hi Div ETF | 1.74% | 122,394 | $5.4M | Add +70.0% |
| VLUE iShares MSCI USA Value Facto | 1.72% | 50,000 | $5.3M | Reduce -23.1% |
| SCHV Schwab US Large-Cap Value | 1.71% | 199,694 | $5.3M | Reduce -16.8% |
| VPU Vanguard Utilities ETF | 1.38% | 25,000 | $4.3M | Reduce -55.9% |
| IDV iShares International Select | 1.35% | 135,000 | $4.2M | Reduce -49.1% |
| IVE iShares S&P 500 Value ETF | 1.23% | 20,000 | $3.8M | Reduce -41.2% |
| GNR State Street SPDR S&P Global | 1.20% | 70,000 | $3.7M | Reduce -55.7% |
| VYMI Vanguard Int High DVD YLD Inc. | 0.95% | 40,000 | $2.9M | Reduce -68.8% |
| DGRO iShares Core Dividend Growth | 0.80% | 40,000 | $2.5M | Reduce -61.9% |
Portfolio Sells Q4 2024 → Q1 2025
| VDE Vanguard Energy ETF | Sold out | 0.00% | −2.08 |
| XLE SS Energy Select Sector | Sold out | 0.00% | −2.06 |
| VYMI Vanguard Int High DVD YLD Inc. | Reduce -68.8% | 0.95% | −1.92 |
| VPU Vanguard Utilities ETF | Reduce -55.9% | 1.38% | −1.68 |
| GNR State Street SPDR S&P Global | Reduce -55.7% | 1.20% | −1.40 |
| DGRO iShares Core Dividend Growth | Reduce -61.9% | 0.80% | −1.33 |
| IDV iShares International Select | Reduce -49.1% | 1.35% | −1.05 |
| IVE iShares S&P 500 Value ETF | Reduce -41.2% | 1.23% | −0.92 |
| XLU St Sr Utl SL SE SPDR ETF-Usd | Reduce -34.6% | 1.78% | −0.90 |
| VLUE iShares MSCI USA Value Facto | Reduce -23.1% | 1.72% | −0.55 |
| SCHV Schwab US Large-Cap Value | Reduce -16.8% | 1.71% | −0.36 |
| VYM Vanguard High DVD Yield ETF | Reduce -11.8% | 1.87% | −0.28 |
| XLP SS Consumer Staples Sel Sect | Reduce -10.0% | 2.85% | −0.27 |
Portfolio Buys Q4 2024 → Q1 2025
| IVV iShares Core S&P 500 ETF | New | 3.80% | +3.80 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 3.59% | +3.59 |
| IEF iShares 7-10 Year Treasury B | Add +38.1% | 8.91% | +2.50 |
| NOBL Proshares S&P 500 Dividend A | Add +123.9% | 2.28% | +1.26 |
| VTV Vanguard Mrngstr Val ETF-Aui | Add +39.5% | 2.95% | +0.82 |
| SCHD Schwab US DVD Equity ETF | Add +38.3% | 2.93% | +0.81 |
| SPYV SS SPDR P S&P 500 Value ETF | Add +41.0% | 2.90% | +0.79 |
| SPYD SS SPDR P S&P 500 Hi Div ETF | Add +70.0% | 1.74% | +0.72 |
| SDY SS SPDR S&P Dividend ETF | Add +27.3% | 2.85% | +0.62 |
| DVY iShares Select Dividend ETF | Add +9.4% | 2.32% | +0.19 |
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 |