JTC Employer Solutions Trustee Ltd

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 19, 2024), JTC Employer Solutions Trustee Ltd reported 342 stock positions worth $1.6 billion. Its top holding was GSK PLC-Spon ADR (GSK) at 57.7% of the portfolio, followed by Microsoft (MSFT, 7.0%) and Alphabet Class A (GOOGL, 5.0%). Compared with Q4 2023, it opened 16 new positions, sold out of 22, added to 22 and reduced 31. The biggest buy was GSK PLC-Spon ADR (GSK, shares +71%) and the biggest sale Haleon PLC-ADR (HLN, shares −85%).

Most Recent 13F
Q2 2026
Location
ST HELIER, Y9
CIK
0001875645
Portfolio Value
$1.6B (Q1 2024)
SEC Filing
0001875645-24-000003 ↗ filed Apr 19, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.6B $1.6B Q1 2024 Q2 2024: $1.5B Q2 2024 Q3 2024: $1.5B Q3 2024 Q4 2024: $1.4B Q4 2024 Q1 2025: $1.2B Q1 2025 Q2 2025: $1.0B Q2 2025 Q3 2025: $1.2B Q3 2025 Q4 2025: $1.5B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 342 stocks · $1.6B
GSK GSK PLC-Spon ADR 57.69% 21,141,012 $909.1M Add +71.3%
MSFT Microsoft Corp. 6.96% 260,146 $109.7M Add +0.1%
GOOGL Alphabet Inc. Class A 5.00% 522,166 $78.8M No change
JPM JPMorgan Chase & Co. 4.10% 323,631 $64.6M Reduce -3.1%
UNP Union Pacific Corp. 3.23% 207,900 $50.9M No change
IVV iShares Core S&P 500 ETF 1.98% 59,394 $31.2M No change
COST Costco Wholesale Corp. 1.18% 25,470 $18.6M Reduce -21.6%
AAPL Apple Inc. 1.12% 101,971 $17.7M Reduce -0.0%
AIG American International Group 1.10% 221,000 $17.3M Reduce -15.3%
NVDA Nvidia Corp. 0.85% 14,897 $13.5M Add +1.0%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.85% 352,800 $13.3M Reduce -14.5%
C Citigroup Inc. 0.78% 196,605 $12.3M Reduce -20.3%
AMZN Amazon.com Inc. 0.75% 65,827 $11.8M Reduce -18.6%
USHY iShares Broad Usd High Yield 0.72% 310,219 $11.4M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.62% 18,739 $9.8M No change
TSM Taiwan Semiconductor-SP ADR 0.60% 69,701 $9.5M Add +129.7%
MA Mastercard Inc. Class A 0.54% 17,757 $8.5M No change
QQQ Invesco QQQ Trust Series 1 0.50% 17,820 $7.9M Add +31.5%
GSL Global Ship Lease Inc. Class A 0.47% 363,258 $7.3M No change
GOOG Alphabet Inc. Class C 0.43% 44,712 $6.8M Reduce -0.1%
AXP American Express Co. 0.40% 27,500 $6.3M Reduce -26.7%
COF Capital One Financial Corp. 0.36% 39,320 $5.7M Add +12.3%
BRK.A Berkshire Hathaway Inc. Class A 0.36% 9 $5.7M No change
DASH DoorDash Inc. Class A 0.36% 40,333 $5.6M No change
SNOW Snowflake Inc. 0.33% 32,480 $5.2M No change
CBRE CBRE Group Inc. Class A 0.31% 50,000 $4.8M No change
SYF Synchrony Financial 0.30% 110,000 $4.7M Reduce -24.1%
TD Toronto-Dominion Bank 0.27% 71,315 $4.3M No change
VOO Vanguard S&P 500 ETF 0.27% 8,837 $4.2M Reduce -8.1%
RCI Rogers Communications Inc. Class B 0.26% 98,478 $4.1M Add +0.8%
PLAB Photronics Inc. 0.25% 191,856 $3.9M No change
AAL American Airlines Group Inc. 0.24% 244,687 $3.7M No change
EWJ iShares MSCI Japan ETF 0.24% 52,158 $3.7M No change
PAGAYA TECHNOLOGIES LTD 0.23% 359,338 $3.7M Reduce -87.0%
SCHP Schwab U.S. Tips ETF 0.23% 70,982 $3.7M No change
FCX Freeport-McMoran Inc. 0.23% 80,000 $3.7M No change
CX Cemex Sab-Spons ADR Part Cer 0.23% 401,972 $3.6M Reduce -19.9%
HLN Haleon PLC-ADR 0.20% 376,834 $3.2M Reduce -85.2%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.19% 25,250 $3.1M Add +0.0%
QUAL iShares MSCI USA Quality Fac 0.19% 18,190 $3.0M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.18% 6,981 $2.8M No change
XOM Exxon Mobil Corp. 0.15% 21,118 $2.4M Reduce -1.5%
CVX Chevron Corp. 0.15% 15,178 $2.4M No change
DAL Delta Air Lines Inc. 0.15% 50,000 $2.4M Reduce -44.4%
PYPL PayPal Holdings Inc. 0.14% 32,580 $2.2M Reduce -40.9%
META Meta Platforms Inc. Class A 0.13% 4,076 $2.0M No change
SLG SL Green Realty Corp. 0.12% 35,397 $1.9M Reduce -22.0%
MBI Mbia Inc. 0.12% 280,000 $1.9M No change
COHR Coherent Corp. 0.11% 29,308 $1.8M New
AA Alcoa Corp. 0.11% 50,437 $1.7M Reduce -47.1%
ARKK ARK Innovation ETF 0.10% 32,912 $1.6M No change
CNI Canadian Natl Railway Co. 0.10% 12,225 $1.6M No change
GLD SPDR Gold Shares 0.09% 6,912 $1.4M No change
GLW Corning Inc. 0.08% 40,000 $1.3M No change
VGT Vanguard Info Tech ETF 0.08% 2,429 $1.3M Reduce -11.5%
URNM Sprott Uranium Miners ETF 0.08% 24,732 $1.2M No change
KKR KKR & Co. Inc. 0.07% 11,119 $1.1M No change
EUFN iShares MSCI Europe Financia 0.06% 44,624 $1.0M No change
MCD McDonald's Corp. 0.06% 3,540 $999K No change
BX Blackstone Inc. 0.06% 7,160 $938K No change
RY Royal Bank of Canada 0.06% 9,287 $933K No change
COIN Coinbase Global Inc. Class A 0.06% 3,573 $918K Add +10.6%
DVY iShares Select Dividend ETF 0.06% 7,122 $872K No change
IGV iShares Expanded Tech-Softwa 0.05% 10,100 $863K No change
SPLV Invesco S&P 500 Low Volatili 0.05% 13,000 $854K No change
VT Vanguard Tot World STK ETF 0.05% 7,500 $829K No change
XLV SS Health Care Select Sector 0.05% 5,590 $826K No change
MNTK Montauk Renewables Inc. 0.05% 197,859 $773K No change
DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC 0.04% 22,690 $698K No change
IWF iShares Russell 1000 Growth 0.04% 2,016 $681K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.04% 6,076 $663K No change
NFLX Netflix Inc. 0.04% 1,061 $652K No change
DE Deere & Co. 0.04% 1,585 $649K No change
TGT Target Corp. 0.04% 3,550 $620K Add +12.3%
SHV iShares 0-1 Year Treasury Bo 0.04% 5,584 $618K Add +106.7%
KWEB Kranesh Csi China Internet 0.04% 22,540 $588K No change
ORCL Oracle Corp. 0.04% 4,552 $570K No change
CSCO Cisco Systems Inc. 0.03% 10,753 $535K Add +801.3%
QCOM Qualcomm Inc. 0.03% 3,000 $507K No change
V Visa Inc. Class A 0.03% 1,700 $474K No change
EQX Equinox Gold Corp. 0.03% 82,125 $461K No change
LBRDK Liberty Broadband-C 0.03% 7,988 $457K No change
GE General Electric 0.03% 2,515 $455K No change
LSXMK Liberty Media Corp.-Liber-New 0.03% 15,208 $449K No change
PBA Pembina Pipeline Corp. 0.03% 12,750 $448K No change
FMC FMC Corp. 0.03% 6,100 $443K New
NKE Nike Inc. Class B 0.03% 4,640 $437K No change
PFE Pfizer Inc. 0.03% 15,000 $416K Add +400.0%
IXG iShares Global Financials Et 0.03% 4,700 $406K No change
MPC Marathon Petroleum Corp. 0.03% 2,043 $403K No change
IBB iShares Biotechnology ETF 0.03% 2,909 $401K Add +31.4%
SCHH Schwab US REIT ETF 0.03% 19,850 $401K No change
AAAU Goldman Sachs Physical Gold 0.02% 17,823 $387K No change
EEM iShares MSCI Emerging Market 0.02% 9,341 $382K No change
MMM 3M Co. 0.02% 3,615 $378K Reduce -7.8%
VGK Vanguard Ftse Europe ETF 0.02% 5,556 $375K Reduce -19.6%
JNJ Johnson & Johnson 0.02% 2,230 $353K No change
COP Conocophillips 0.02% 2,706 $343K No change
WSO Watsco Inc. 0.02% 780 $338K No change
CAT Caterpillar Inc. 0.02% 920 $336K No change

Show all 342 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $1K (not counted above)
SecurityClassShares / PrincipalValueChange
VAL.WS Valaris Ltd. -CW28 *W EXP 04/29/202 109$1KNo change

Total filed on the 13F, all lines: $1.6B.

Portfolio Sells Q4 2023 → Q1 2024
HLN Haleon PLC-ADR Reduce -85.2% 0.20% −1.70
JPM JPMorgan Chase & Co. Reduce -3.1% 4.10% −1.04
COST Costco Wholesale Corp. Reduce -21.6% 1.18% −0.76
AAPL Apple Inc. Reduce -0.0% 1.12% −0.66
AIG American International Group Reduce -15.3% 1.10% −0.50
BAC Bank of America Corp. Reduce -14.5% 0.85% −0.42
AMZN Amazon.com Inc. Reduce -18.6% 0.75% −0.37
C Citigroup Inc. Reduce -20.3% 0.78% −0.37
PAGAYA TECHNOLOGIES LTD Reduce -87.0% 0.23% −0.30
AXP American Express Co. Reduce -26.7% 0.40% −0.24
SYF Synchrony Financial Reduce -24.1% 0.30% −0.21
AA Alcoa Corp. Reduce -47.1% 0.11% −0.19
DAL Delta Air Lines Inc. Reduce -44.4% 0.15% −0.18
PYPL PayPal Holdings Inc. Reduce -40.9% 0.14% −0.18
LAZ Lazard Inc. Sold out 0.00% −0.14
GOOG Alphabet Inc. Class C Reduce -0.1% 0.43% −0.14
IQLT iShares MSCI International Q Sold out 0.00% −0.13
CX Cemex Sab-Spons ADR Part Cer Reduce -19.9% 0.23% −0.13
VOO Vanguard S&P 500 ETF Reduce -8.1% 0.27% −0.11
SLG SL Green Realty Corp. Reduce -22.0% 0.12% −0.07
MTBA Simplify MBS ETF Sold out 0.00% −0.05
ABNB Airbnb Inc. Class A Sold out 0.00% −0.04
XOM Exxon Mobil Corp. Reduce -1.5% 0.15% −0.04
VGT Vanguard Info Tech ETF Reduce -11.5% 0.08% −0.04
TSLA Tesla Inc. Reduce -25.8% 0.01% −0.02
VGK Vanguard Ftse Europe ETF Reduce -19.6% 0.02% −0.02
CCJ Cameco Corp. Reduce -19.1% 0.02% −0.02
WMT Walmart Inc. Reduce -66.7% 0.01% −0.02
MMM 3M Co. Reduce -7.8% 0.02% −0.01
EQNR Equinor ASA-Spon ADR Sold out 0.00% −0.01
VNQ Vanguard Real Estate ETF Sold out 0.00% −0.01
PG The Procter & Gamble Co. Reduce -36.1% 0.01% −0.01
XLU St Sr Utl SL SE SPDR ETF-Usd Sold out 0.00% −0.01
QQQJ Invesco Nasdaq Next Gen 100 Sold out 0.00% −0.01
ACAD Acadia Pharmaceuticals Inc. Sold out 0.00% −0.01
SYK Stryker Corp. Reduce -12.9% 0.02% −0.01
TDIV FT Nasdaq Tech DVD Index FD Sold out 0.00% −0.01
IEMG iShares Core MSCI Emerging Sold out 0.00% −0.00
U Unity Software Inc. Reduce -41.6% 0.00% −0.00
BKLN Invesco Senior Loan ETF Reduce -44.9% 0.00% −0.00
ARTY iShares Future AI & Tech ETF Sold out 0.00% −0.00
RBLX Roblox Corp. Class A Reduce -50.0% 0.00% −0.00
ISRG Intuitive Surgical Inc. Sold out 0.00% −0.00
VMW Vmware LLC Sold out 0.00% −0.00
SLB SLB Ltd. Sold out 0.00% −0.00
DD Dupont DE Nemours Inc. Sold out 0.00% −0.00
NIU Niu Technologies-Spons ADR Sold out 0.00% −0.00
NGE Global X MSCI Nigeria ETF Sold out 0.00% −0.00
DOW Dow Inc. Sold out 0.00% −0.00
CTVA Corteva Inc. Sold out 0.00% −0.00

Portfolio Buys Q4 2023 → Q1 2024
GSK GSK PLC-Spon ADR Add +71.3% 57.69% +16.34
TSM Taiwan Semiconductor-SP ADR Add +129.7% 0.60% +0.32
NVDA Nvidia Corp. Add +1.0% 0.85% +0.19
COHR Coherent Corp. New 0.11% +0.11
CSCO Cisco Systems Inc. Add +801.3% 0.03% +0.03
FMC FMC Corp. New 0.03% +0.03
PFE Pfizer Inc. Add +400.0% 0.03% +0.02
NEM Newmont Corp. Add +362.6% 0.02% +0.01
SHV iShares 0-1 Year Treasury Bo Add +106.7% 0.04% +0.01
JAAA Janus Henderson Aaa Clo ETF New 0.01% +0.01
COWZ Pacer US Cash Cows 100 ETF New 0.01% +0.01
B Barrick Gold Corp. Add +219.8% 0.02% +0.01
MSTR Strategy Inc. New 0.01% +0.01
SNAP Snap Inc. Class A New 0.01% +0.01
SOXX iShares Semiconductor ETF New 0.01% +0.01
IBIT iShares Bitcoin Trust ETF New 0.01% +0.01
VTI VG Morningstar TS MKT ETF-US New 0.01% +0.01
SLV iShares Silver Trust New 0.00% +0.00
IDYA Ideaya Biosciences Inc. New 0.00% +0.00
COIN Coinbase Global Inc. Class A Add +10.6% 0.06% +0.00
SMCI Super Micro Computer Inc. New 0.00% +0.00
HIMX Himax Technologies Inc.-ADR New 0.00% +0.00
ARM Arm Holdings PLC-ADR Add +14.8% 0.01% +0.00
ADAPY Adaptimmune Therapeutics-ADR New 0.00% +0.00
BBAI Bigbear.ai Holdings Inc. New 0.00% +0.00
RGTI Rigetti Computing Inc. New 0.00% +0.00
NIO Nio Inc. - ADR Add +265.1% 0.00% +0.00
AMD Advanced Micro Devices Add +17.5% 0.02% −0.00
QQQ Invesco QQQ Trust Series 1 Add +31.5% 0.50% −0.00
BATRK Atlanta Braves Holdings in-C Add +10.8% 0.00% −0.00
TGT Target Corp. Add +12.3% 0.04% −0.00
IBB iShares Biotechnology ETF Add +31.4% 0.03% −0.00
BIDU Baidu Inc. - Spon ADR Add +26.5% 0.01% −0.00
BABA Alibaba Group Holding-SP ADR Add +20.5% 0.02% −0.01
DIS The Walt Disney Co. Add +0.0% 0.19% −0.01
COF Capital One Financial Corp. Add +12.3% 0.36% −0.06
RCI Rogers Communications Inc. Class B Add +0.8% 0.26% −0.15
MSFT Microsoft Corp. Add +0.1% 6.96% −1.86

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 312$1.2BGSK, GOOGL, JPM, UNP, MA
Q1 2026 307$1.2BGSK, GOOGL, JPM, UNP, MA
Q4 2025 314$1.5BGSK, GOOGL, JPM, UNP, MA
Q3 2025 314$1.2BGSK, JPM, UNP, IBIT, GOOGL
Q2 2025 309$1.0BGSK, JPM, UNP, IBIT, AAPL
Q1 2025 317$1.2BGSK, JPM, UNP, GOOGL, AMZN
Q4 2024 322$1.4BGSK, MSFT, GOOGL, JPM, UNP
Q3 2024 333$1.5BGSK, MSFT, GOOGL, JPM, UNP
Q2 2024 332$1.5BGSK, MSFT, GOOGL, JPM, UNP
Q1 2024 342$1.6BGSK, MSFT, GOOGL, JPM, UNP