---
ticker: "GLCR"
name: "GlacierShares Nasdaq Iceland ETF"
url: "https://etf.net/etf/GLCR"
grade: "F"
score: 17
graded_at: "2026-10-12"
category: "Developed Single Country"
category_rank: "36 of 38"
methodology: "https://etf.net/methodology"
---

# GLCR: GlacierShares Nasdaq Iceland ETF

Grade **F**, Score 17 of 100. Rank 36 of 38 in Developed Single Country.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 0 | 38 of 38 |
| Mission | 37 | 33 of 35 |
| Risk | 26 | 33 of 37 |
| Tradability | 8 | 36 of 38 |
| Holdings | Not scored | — |
| Durability | 24 | 34 of 38 |

## Top holdings

The fund holds 32 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Islandsbanki HF | 13.40% |
| 2 | — | Arion Banki HF | 11.74% |
| 3 | ALVO | Alvotech SA | 8.20% |
| 4 | AMRQ.L | Amaroq Ltd | 7.65% |
| 5 | JBTM | JBT Marel Corp | 4.43% |
| 6 | EMBLA.CO | Embla Medical HF | 4.41% |
| 7 | MOWI.OL | Mowi ASA | 4.40% |
| 8 | SALM.OL | Salmar ASA | 4.31% |
| 9 | OCS | Oculis Holding AG | 3.96% |
| 10 | — | Hagar hf | 3.90% |
| 11 | — | Festi hf | 3.73% |
| 12 | — | Reitir hf | 3.27% |
| 13 | — | Heimar HF | 2.69% |
| 14 | BAKKA.OL | Bakkafrost P/F | 2.61% |
| 15 | — | Kvika banki hf | 2.46% |
| 16 | — | Hampidjan HF | 2.08% |
| 17 | LSG.OL | Leroy Seafood Group ASA | 1.93% |
| 18 | — | Kaldalon hf | 1.67% |
| 19 | — | Bera HF | 1.58% |
| 20 | — | Skagi Hf | 1.46% |
| 21 | — | Sjova-Almennar Tryggingar hf | 1.42% |
| 22 | — | Us Bank Mmda - Usbgfs 9 09/01/2037 | 1.41% |
| 23 | — | Eimskipafelag Islands hf | 1.23% |
| 24 | AUSS.OL | Austevoll Seafood ASA | 1.20% |
| 25 | — | Icelandair Group HF | 1.12% |
| 26 | — | Asar HF | 0.99% |
| 27 | — | Eik fasteignafelag hf | 0.95% |
| 28 | — | Skel fjarfestingafelag hf | 0.86% |
| 29 | — | Nova Klubburinn hf | 0.46% |
| 30 | SALME.OL | Salmon Evolution ASA | 0.23% |

Source: etf.net, https://etf.net/etf/GLCR. Please cite the page URL.