FlexShares Morningstar Global Upstream… (GUNR) Holdings
GUNR holdings summary
as of Oct 25, 2026- Holdings
- 126 positions listed
- Top 10 weight
- 36.9% of net assets
- Effective holdings
- 46 equal-weight equivalent
- Largest holding
- XOM 5.90% Exxon Mobil Corporation
- Annual turnover
- 26.2% of the portfolio traded
Top 1036.9%
Top 2559.9%
Top 5080.0%
Top 10097.2%
All GUNR holdings
117 holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | XOM | Exxon Mobil Corporation | Energy | 5.90% | $416.2M | $735.95B | 23.0 |
| 2 | BHP | BHP Group Ltd | Basic Materials | 4.84% | $341.1M | — | — |
| 3 | NTR | Nutrien Ltd | Basic Materials | 4.72% | $333.2M | — | — |
| 4 | SHEL | Shell plc | Energy | 4.54% | $320.1M | — | — |
| 5 | CVX | Chevron Corporation | Energy | 4.32% | $305.1M | $441.34B | 21.2 |
| 6 | ADM | Archer-Daniels-Midland Company | Consumer Defensive | 3.55% | $250.5M | $39.81B | 22.6 |
| 7 | TTE | TotalEnergies SE | Energy | 2.93% | $206.8M | $201.39B | 11.4 |
| 8 | RIO | Rio Tinto PLC | Basic Materials | 2.07% | $146.0M | — | — |
| 9 | AEM | Agnico Eagle Mines Limited | Basic Materials | 2.03% | $143.0M | — | — |
| 10 | NEM | Newmont Corporation | Basic Materials | 1.98% | $139.5M | $124.97B | 15.0 |
| 11 | BP | BP PLC | Energy | 1.87% | $132.1M | — | — |
| 12 | CF | CF Industries Holdings, Inc. | Basic Materials | 1.82% | $128.6M | $18.29B | 9.0 |
| 13 | CNQ | Canadian Natural Resources Ltd | Energy | 1.82% | $128.1M | — | — |
| 14 | TSN | Tyson Foods, Inc. | Consumer Defensive | 1.77% | $125.0M | $19.31B | 33.9 |
| 15 | COP | ConocoPhillips | Energy | 1.74% | $122.6M | $176.01B | 19.4 |
| 16 | FCX | Freeport-McMoRan Inc. | Basic Materials | 1.69% | $118.9M | $99.86B | 34.3 |
| 17 | MOWI | Mowi ASA | Consumer Defensive | 1.66% | $116.8M | — | — |
| 18 | SU | Suncor Energy Inc | Energy | 1.52% | $106.9M | — | — |
| 19 | GLEN | Glencore PLC | Basic Materials | 1.45% | $102.7M | — | — |
| 20 | ABX | Barrick Gold Corp | Basic Materials | 1.43% | $100.8M | — | — |
| 21 | BG | Bunge Limited | Consumer Defensive | 1.42% | $100.3M | $20.39B | 21.1 |
| 22 | AWK | American Water Works Company, Inc. | Utilities | 1.41% | $99.4M | $26.82B | 23.4 |
| 23 | UU | United Utilities Group PLC | Utilities | 1.16% | $81.7M | — | — |
| 24 | WPM | Wheaton Precious Metals Corp | Basic Materials | 1.16% | $81.5M | — | — |
| 25 | YAR | Yara International ASA | Basic Materials | 1.14% | $80.8M | — | — |
| 26 | 2020 | SABIC AgriNutrients Co | Basic Materials | 1.13% | $80.0M | — | — |
| 27 | QA000A0KD6K3 | INDUSTRIES QATAR | Other | 1.13% | $79.7M | — | — |
| 28 | AAL | Anglo American PLC | Basic Materials | 1.07% | $75.4M | — | — |
| 29 | UPM | UPM-Kymmene Oyj | Basic Materials | 1.04% | $73.1M | — | — |
| 30 | SBSP3 | Companhia de Saneamento Básico do Estado de São Paulo - SABESP | Utilities | 1.00% | $70.4M | — | — |
| 31 | VALE3 | Vale S.A. | Basic Materials | 0.99% | $69.6M | — | — |
| 32 | FNV | Franco-Nevada Corporation | Basic Materials | 0.94% | $66.6M | — | — |
| 33 | ENI | Eni S.p.A. | Energy | 0.89% | $62.5M | — | — |
| 34 | GMEXICOB | Grupo México S.A.B. de C.V | Basic Materials | 0.87% | $61.7M | — | — |
| 35 | EOG | EOG Resources, Inc. | Energy | 0.85% | $59.6M | $82.88B | 12.3 |
| 36 | SVT | Severn Trent PLC | Utilities | 0.83% | $58.3M | — | — |
| 37 | CTVA | Corteva, Inc. | Basic Materials | 0.81% | $57.4M | $8.59B | 8.0 |
| 38 | PETR4 | Petróleo Brasileiro S.A. - Petrobras | Energy | 0.81% | $56.9M | — | — |
| 39 | SALM | SalMar ASA | Consumer Defensive | 0.80% | $56.6M | — | — |
| 40 | CCO | Cameco Corp | Energy | 0.70% | $49.6M | — | — |
| 41 | WY | Weyerhaeuser Company | Real Estate | 0.70% | $49.6M | $14.13B | 30.2 |
| 42 | WPL | Woodside Petroleum Ltd | Energy | 0.70% | $49.5M | — | — |
| 43 | CVE | Cenovus Energy Inc | Energy | 0.66% | $46.5M | — | — |
| 44 | GFI | Gold Fields Ltd | Basic Materials | 0.64% | $45.0M | — | — |
| 45 | 2222 | Saudi Aramco | Energy | 0.62% | $44.0M | — | — |
| 46 | WTRG | Essential Utilities, Inc. | Utilities | 0.59% | $41.7M | $11.58B | 20.8 |
| 47 | TECK-B | Teck Resources Limited | Basic Materials | 0.59% | $41.4M | — | — |
| 48 | K | Kinross Gold Corp | Basic Materials | 0.59% | $41.3M | — | — |
| 49 | REP | Repsol S.A. | Energy | 0.56% | $39.2M | — | — |
| 50 | DVN | Devon Energy Corporation | Energy | 0.54% | $38.4M | $55.80B | 11.1 |
| 51 | UPL | UPL Limited | Basic Materials | 0.54% | $37.8M | — | — |
| 52 | ICL | ICL Israel Chemicals Ltd | Basic Materials | 0.53% | $37.6M | — | — |
| 53 | NST | Northern Star Resources Ltd | Basic Materials | 0.52% | $36.6M | — | — |
| 54 | MOS | The Mosaic Company | Basic Materials | 0.49% | $34.4M | $5.98B | — |
| 55 | EQNR | Equinor ASA | Energy | 0.48% | $33.9M | — | — |
| 56 | 1211 | Saudi Arabian Mining Company | Basic Materials | 0.47% | $33.2M | — | — |
| 57 | OXY | Occidental Petroleum Corporation | Energy | 0.46% | $32.7M | $62.36B | 17.7 |
| 58 | SCA-B | Svenska Cellulosa Aktiebolaget SCA (publ) | Basic Materials | 0.44% | $31.2M | — | — |
| 59 | 0857 | PetroChina Company Limited | Energy | 0.44% | $30.8M | — | — |
| 60 | 002714 | Muyuan Foodstuff Co Ltd | Consumer Defensive | 0.43% | $30.3M | — | — |
| 61 | SUZB3 | Suzano S.A. | Basic Materials | 0.42% | $29.8M | — | — |
| 62 | BAKKA | P/f Bakkafrost | Consumer Defensive | 0.41% | $29.1M | — | — |
| 63 | AMS | Anglo American Platinum Ltd | Basic Materials | 0.40% | $28.0M | — | — |
| 64 | SDF | K+S Aktiengesellschaft | Basic Materials | 0.40% | $27.9M | — | — |
| 65 | SSD | Simpson Manufacturing Co., Inc. | Basic Materials | 0.39% | $27.7M | $7.23B | 19.3 |
| 66 | PAAS | Pan American Silver Corp | Basic Materials | 0.38% | $26.7M | — | — |
| 67 | PKN | Polski Koncern Naftowy ORLEN SA | Energy | 0.38% | $26.7M | — | — |
| 68 | PIIND | PI Industries Limited | Basic Materials | 0.37% | $26.4M | — | — |
| 69 | FM | First Quantum Minerals Ltd | Basic Materials | 0.37% | $25.9M | — | — |
| 70 | EVN | Evolution Mining Ltd | Basic Materials | 0.37% | $25.9M | — | — |
| 71 | 1605 | Inpex Corp. | Energy | 0.37% | $25.8M | — | — |
| 72 | FMG | Fortescue Ltd | Basic Materials | 0.36% | $25.6M | — | — |
| 73 | FANG | Diamondback Energy, Inc. | Energy | 0.35% | $25.0M | $57.11B | 38.8 |
| 74 | 2089 | United Plantations Bhd | Consumer Defensive | 0.35% | $24.4M | — | — |
| 75 | LUN | Lundin Mining Corporation | Basic Materials | 0.34% | $24.3M | — | — |
| 76 | MNDI | Mondi PLC | Basic Materials | 0.34% | $24.2M | — | — |
| 77 | EQT | EQT Corporation | Energy | 0.34% | $24.0M | $33.97B | 12.6 |
| 78 | RGLD | Royal Gold, Inc. | Basic Materials | 0.33% | $23.4M | $20.17B | 26.4 |
| 79 | STO | Santos Ltd | Energy | 0.33% | $23.3M | — | — |
| 80 | 3861 | Oji Holdings Corp. | Basic Materials | 0.33% | $23.1M | — | — |
| 81 | ANTO | Antofagasta PLC | Basic Materials | 0.32% | $22.5M | — | — |
| 82 | SCCO | Southern Copper Corporation | Basic Materials | 0.32% | $22.3M | $169.30B | 29.9 |
| 83 | IMO | Imperial Oil Ltd | Energy | 0.31% | $22.2M | — | — |
| 84 | NVAV | Charoen Pokphand Foods Public Company Limited | Consumer Defensive | 0.31% | $21.7M | — | — |
| 85 | CALM | Cal-Maine Foods, Inc. | Consumer Defensive | 0.30% | $21.1M | $2.97B | 51.7 |
| 86 | RYN | Rayonier Inc. | Real Estate | 0.28% | $19.6M | $5.68B | 41.3 |
| 87 | TOU | Tourmaline Oil Corp. | Energy | 0.27% | $19.2M | — | — |
| 88 | WFT | West Fraser Timber Co. Ltd | Basic Materials | 0.26% | $18.6M | — | — |
| 89 | 7084 | QL Resources Bhd | Consumer Defensive | 0.26% | $18.5M | — | — |
| 90 | 4065 | PPB Group Bhd | Consumer Defensive | 0.25% | $18.0M | — | — |
| 91 | KLBN11 | Klabin S.A. | Basic Materials | 0.25% | $18.0M | — | — |
| 92 | CDE | Coeur Mining, Inc. | Basic Materials | 0.25% | $17.4M | $15.90B | 13.2 |
| 93 | UFPI | UFP Industries, Inc. | Basic Materials | 0.24% | $17.2M | $4.32B | 17.9 |
| 94 | 000792 | Qinghai Salt Lake Industry Co.Ltd | Basic Materials | 0.23% | $16.4M | — | — |
| 95 | EXE | Expand Energy Corporation | Energy | 0.23% | $16.1M | $21.62B | 8.1 |
| 96 | E5H | GOLDEN AGRI-RESOURCES LTD | Consumer Defensive | 0.22% | $15.6M | — | — |
| 97 | TPL | Texas Pacific Land Corporation | Energy | 0.20% | $14.4M | $24.20B | 44.8 |
| 98 | 0270 | Guangdong Investment Ltd | Utilities | 0.20% | $14.2M | — | — |
| 99 | OVV | Ovintiv Inc. | Energy | 0.20% | $13.8M | $19.18B | 19.3 |
| 100 | YZ8 | Permian Resources Corporation | Energy | 0.19% | $13.3M | — | — |
| 101 | AA | Alcoa Corporation | Basic Materials | 0.17% | $12.0M | $10.94B | 7.2 |
| 102 | CPIN | Charoen Pokphand Indonesia TBK PT | Consumer Defensive | 0.17% | $11.9M | — | — |
| 103 | SJ | Stella-Jones Inc. | Basic Materials | 0.17% | $11.8M | — | — |
| 104 | HOLM-B | Holmen AB (publ) | Basic Materials | 0.17% | $11.7M | — | — |
| 105 | CSMG3 | Companhia de Saneamento de Minas Gerais | Utilities | 0.16% | $11.5M | — | — |
| 106 | PNN | Pennon Group Plc | Utilities | 0.15% | $10.6M | — | — |
| 107 | 601899 | Zijin Mining Group Co Ltd Class A | Basic Materials | 0.15% | $10.5M | — | — |
| 108 | 600096 | Yunnan Yuntianhua Co Ltd | Basic Materials | 0.09% | $6.3M | — | — |
| 109 | AGUAS-A | Aguas Andinas S.A | Utilities | 0.06% | $4.4M | — | — |
| 110 | 000893 | Asia Potash International Investment Guangzhou Co Ltd | Basic Materials | 0.06% | $4.2M | — | — |
| 111 | 0371 | Beijing Enterprises Water Group Ltd | Utilities | 0.06% | $4.1M | — | — |
| 112 | 000876 | New Hope Liuhe Co Ltd | Consumer Defensive | 0.05% | $3.8M | — | — |
| 113 | 600598 | Heilongjiang Agriculture Co Ltd | Consumer Defensive | 0.05% | $3.3M | — | — |
| 114 | 002078 | Shan Dong Sun Paper Industry Joint Stock Co Ltd | Basic Materials | 0.03% | $2.0M | — | — |
| 115 | 600323 | Grandblue Environment Co Ltd | Utilities | 0.02% | $1.2M | — | — |
| 116 | 000598 | Chengdu Xingrong Investment Co Ltd | Utilities | 0.02% | $1.1M | — | — |
| 117 | 000592 | Zhongfu Straits Pingtan Development Co Ltd | Basic Materials | 0.01% | $790,228.00 | — | — |
Weights as a percentage of net assets. Value held = weight × net assets ($7.06B). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
GUNR sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Basic Materials | 43.5% | 55 | BHP, NTR, RIO |
| Energy | 35.5% | 31 | XOM, SHEL, CVX |
| Consumer Defensive | 12.0% | 16 | ADM, TSN, MOWI |
| Utilities | 5.7% | 12 | AWK, UU, SBSP3 |
| Other | 1.1% | 1 | QA000A0KD6K3 |
| Real Estate | 1.0% | 2 | WY, RYN |
Sum of the weights of the holdings in each sector.
GUNR top industries
Oil & Gas Integrated
26.2%
Agricultural Inputs
12.3%
Other Industrial Metals & Mining
12.1%
Farm Products
11.7%
Gold
10.7%
Oil & Gas E&P
7.9%
Utilities - Regulated Water
5.7%
Copper
3.6%
Paper & Paper Products
3.0%
Lumber & Wood Production
1.1%
REIT - Specialty
1.0%
Uranium
0.7%
Oil, Gas & Consumable Fuels
0.7%
Other Precious Metals & Mining
0.4%
Packaged Foods
0.3%
GUNR overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| GNR | SPDR S&P Global Natural Resources ETF | 63.2% | 54 of 91 | 0.38% |
| TURF | T. Rowe Price Natural Resources ETF | 60.6% | 50 of 81 | 0.44% |
| VXUS | Vanguard Total International Stock ETF | 6.2% | 90 of 8,035 | 0.05% |
| SPY | SPDR S&P 500 ETF | 3.0% | 19 of 502 | 0.09% |
| VTI | Vanguard Total Stock Market ETF | 2.7% | 32 of 2,941 | 0.03% |
| DIA | SPDR Dow Jones Industrial Average ETF | 2.5% | 1 of 30 | 0.16% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the GUNR portfolio
FlexShares Morningstar Global Upstream… holds 126 positions. The ten largest make up 36.9% of the fund and the top 50 80.0%, so it behaves like a portfolio of about 46 equally weighted positions. The biggest positions are Exxon Mobil Corporation (5.90%), BHP Group Ltd (4.84%), Nutrien Ltd (4.72%), Shell plc (4.54%), Chevron Corporation (4.32%).
By sector, Basic Materials is 43.5%, Energy is 35.5%, Consumer Defensive is 12.0%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: GUNR chart, GUNR performance, GUNR dividends, GUNR overview.
GUNR holdings FAQ
How many holdings does GUNR have?
GUNR holds 126 positions as of October 25, 2026.
What are the top 10 holdings of GUNR?
The ten largest holdings are Exxon Mobil Corporation (5.90%), BHP Group Ltd (4.84%), Nutrien Ltd (4.72%), Shell plc (4.54%), Chevron Corporation (4.32%), Archer-Daniels-Midland Company (3.55%), TotalEnergies SE (2.93%), Rio Tinto PLC (2.07%), Agnico Eagle Mines Limited (2.03%), Newmont Corporation (1.98%). Together they are 36.9% of the fund.
What percentage of GUNR is Exxon Mobil Corporation?
Exxon Mobil Corporation is the largest holding at 5.90% of net assets, about $416.2M of the fund's $7.06B.
Which sector is the largest in GUNR?
Basic Materials is the largest sector at 43.5%, followed by Energy (35.5%) and Consumer Defensive (12.0%), based on the sectors of the individual holdings.
How concentrated is GUNR?
The top 10 holdings are 36.9% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) GUNR behaves like a portfolio of about 46 equally weighted positions.