JTC Employer Solutions Trustee Ltd

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 16, 2024), JTC Employer Solutions Trustee Ltd reported 332 stock positions worth $1.5 billion. Its top holding was GSK PLC-Spon ADR (GSK) at 53.7% of the portfolio, followed by Microsoft (MSFT, 7.8%) and Alphabet Class A (GOOGL, 6.3%). Compared with Q1 2024, it opened 6 new positions, sold out of 18, added to 12 and reduced 26. The biggest buy was Nvidia (NVDA, shares +1%) and the biggest sale GSK PLC-Spon ADR (GSK, shares −1%).

Most Recent 13F
Q2 2026
Location
ST HELIER, Y9
CIK
0001875645
Portfolio Value
$1.5B (Q2 2024)
SEC Filing
0001875645-24-000004 ↗ filed Jul 16, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.6B Q1 2024 Q2 2024: $1.5B $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 332 stocks · $1.5B
GSK GSK PLC-Spon ADR 53.74% 20,880,424 $803.8M Reduce -1.2%
MSFT Microsoft Corp. 7.77% 259,977 $116.2M Reduce -0.1%
GOOGL Alphabet Inc. Class A 6.35% 521,446 $94.9M Reduce -0.1%
JPM JPMorgan Chase & Co. 4.30% 317,431 $64.2M Reduce -1.9%
UNP Union Pacific Corp. 3.15% 207,900 $47.0M No change
IVV iShares Core S&P 500 ETF 2.17% 59,394 $32.5M No change
COST Costco Wholesale Corp. 1.45% 25,470 $21.6M No change
AAPL Apple Inc. 1.36% 96,805 $20.4M Reduce -5.1%
NVDA Nvidia Corp. 1.24% 149,767 $18.5M Add +0.5%
AIG American International Group 1.10% 221,000 $16.4M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.94% 352,800 $14.0M No change
C Citigroup Inc. 0.85% 200,783 $12.7M Add +2.1%
AMZN Amazon.com Inc. 0.85% 65,827 $12.7M No change
TSM Taiwan Semiconductor-SP ADR 0.81% 69,701 $12.1M No change
USHY iShares Broad Usd High Yield 0.75% 310,219 $11.3M No change
GSL Global Ship Lease Inc. Class A 0.70% 363,258 $10.5M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.68% 18,739 $10.2M No change
QQQ Invesco QQQ Trust Series 1 0.57% 17,706 $8.5M Reduce -0.6%
GOOG Alphabet Inc. Class C 0.54% 43,977 $8.1M Reduce -1.6%
MA Mastercard Inc. Class A 0.52% 17,757 $7.8M No change
AXP American Express Co. 0.43% 27,500 $6.4M No change
BRK.A Berkshire Hathaway Inc. Class A 0.37% 9 $5.5M No change
COF Capital One Financial Corp. 0.36% 39,320 $5.4M No change
SYF Synchrony Financial 0.35% 110,000 $5.2M No change
CBRE CBRE Group Inc. Class A 0.30% 50,000 $4.5M No change
VOO Vanguard S&P 500 ETF 0.30% 8,837 $4.4M No change
DASH DoorDash Inc. Class A 0.29% 40,333 $4.4M No change
SNOW Snowflake Inc. 0.29% 32,230 $4.4M Reduce -0.8%
TD Toronto-Dominion Bank 0.26% 71,315 $3.9M No change
PLAB Photronics Inc. 0.26% 191,856 $3.9M No change
FCX Freeport-McMoran Inc. 0.26% 80,000 $3.9M No change
RCI Rogers Communications Inc. Class B 0.25% 99,395 $3.7M Add +0.9%
SCHP Schwab U.S. Tips ETF 0.24% 70,982 $3.6M No change
EWJ iShares MSCI Japan ETF 0.24% 52,158 $3.6M No change
QUAL iShares MSCI USA Quality Fac 0.21% 18,190 $3.1M No change
AAL American Airlines Group Inc. 0.19% 244,687 $2.8M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.18% 6,981 $2.7M No change
CX Cemex Sab-Spons ADR Part Cer 0.17% 401,972 $2.6M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.16% 24,507 $2.4M Reduce -2.9%
XOM Exxon Mobil Corp. 0.16% 21,118 $2.4M No change
CVX Chevron Corp. 0.16% 15,178 $2.4M No change
DAL Delta Air Lines Inc. 0.16% 50,000 $2.4M No change
COHR Coherent Corp. 0.14% 29,308 $2.1M No change
META Meta Platforms Inc. Class A 0.14% 4,076 $2.1M No change
AA Alcoa Corp. 0.13% 50,437 $2.0M No change
SLG SL Green Realty Corp. 0.13% 35,397 $2.0M No change
PYPL PayPal Holdings Inc. 0.13% 32,580 $1.9M No change
INDA iShares MSCI India ETF 0.10% 28,000 $1.6M New
GLW Corning Inc. 0.10% 40,000 $1.6M No change
MBI Mbia Inc. 0.10% 280,000 $1.5M No change
GLD SPDR Gold Shares 0.10% 6,912 $1.5M No change
ARKK ARK Innovation ETF 0.10% 32,912 $1.4M No change
CNI Canadian Natl Railway Co. 0.10% 12,225 $1.4M No change
VGT Vanguard Info Tech ETF 0.09% 2,429 $1.4M No change
URNM Sprott Uranium Miners ETF 0.08% 24,732 $1.2M No change
MNTK Montauk Renewables Inc. 0.08% 197,859 $1.2M No change
HLN Haleon PLC-ADR 0.07% 132,748 $1.1M Reduce -64.8%
MCD McDonald's Corp. 0.06% 3,540 $902K No change
BX Blackstone Inc. 0.06% 7,160 $887K No change
IGV iShares Expanded Tech-Softwa 0.06% 10,100 $877K No change
SPLV Invesco S&P 500 Low Volatili 0.06% 13,000 $845K No change
VT Vanguard Tot World STK ETF 0.06% 7,500 $845K No change
XLV SS Health Care Select Sector 0.05% 5,400 $787K Reduce -3.4%
IWF iShares Russell 1000 Growth 0.05% 2,016 $735K No change
DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC 0.05% 22,690 $728K No change
NFLX Netflix Inc. 0.05% 1,061 $717K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.04% 6,076 $651K No change
ORCL Oracle Corp. 0.04% 4,552 $642K No change
SHV iShares 0-1 Year Treasury Bo 0.04% 5,584 $617K No change
KWEB Kranesh Csi China Internet 0.04% 22,540 $609K No change
QCOM Qualcomm Inc. 0.04% 3,000 $597K No change
DE Deere & Co. 0.04% 1,585 $592K No change
LBRDK Liberty Broadband-C 0.04% 10,332 $567K Add +29.3%
TGT Target Corp. 0.04% 3,550 $525K No change
CSCO Cisco Systems Inc. 0.03% 10,753 $510K No change
IBIT iShares Bitcoin Trust ETF 0.03% 14,478 $494K Add +570.9%
KKR KKR & Co. Inc. 0.03% 4,544 $479K Reduce -59.1%
PBA Pembina Pipeline Corp. 0.03% 12,750 $473K No change
V Visa Inc. Class A 0.03% 1,700 $446K No change
BABA Alibaba Group Holding-SP ADR 0.03% 6,021 $434K Add +50.0%
EQX Equinox Gold Corp. 0.03% 82,125 $432K No change
PFE Pfizer Inc. 0.03% 15,000 $420K No change
AAAU Goldman Sachs Physical Gold 0.03% 17,823 $410K No change
GE General Electric filed as GE AEROSPACE 0.03% 2,515 $400K No change
IXG iShares Global Financials Et 0.03% 4,700 $400K No change
IBB iShares Biotechnology ETF 0.03% 2,909 $399K No change
SCHH Schwab US REIT ETF 0.03% 19,850 $396K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.03% 8,300 $392K New
NEM Newmont Corp. 0.03% 9,253 $387K No change
BIDU Baidu Inc. - Spon ADR 0.03% 4,411 $382K Add +96.0%
VGK Vanguard Ftse Europe ETF 0.02% 5,556 $371K No change
MMM 3M Co. 0.02% 3,615 $369K No change
WSO Watsco Inc. 0.02% 780 $362K No change
MPC Marathon Petroleum Corp. 0.02% 2,043 $354K No change
FMC FMC Corp. 0.02% 6,100 $351K No change
VWO Vanguard Ftse Emerging Marke 0.02% 8,020 $351K No change
NKE Nike Inc. Class B 0.02% 4,640 $349K No change
LSXMK Liberty Media Corp.-Liber-New 0.02% 15,208 $337K No change
JNJ Johnson & Johnson 0.02% 2,230 $325K No change
COP Conocophillips 0.02% 2,706 $309K No change

Show all 332 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: $1.5B.

Portfolio Sells Q1 2024 → Q2 2024
GSK GSK PLC-Spon ADR Reduce -1.2% 53.74% −3.95
PAGAYA TECHNOLOGIES LTD Sold out 0.00% −0.23
HLN Haleon PLC-ADR Reduce -64.8% 0.07% −0.13
RY Royal Bank of Canada Reduce -96.0% 0.00% −0.06
DVY iShares Select Dividend ETF Sold out 0.00% −0.06
COIN Coinbase Global Inc. Class A Reduce -90.4% 0.01% −0.05
EUFN iShares MSCI Europe Financia Reduce -76.3% 0.02% −0.05
KKR KKR & Co. Inc. Reduce -59.1% 0.03% −0.04
SNOW Snowflake Inc. Reduce -0.8% 0.29% −0.04
DIS The Walt Disney Co. Reduce -2.9% 0.16% −0.03
CCJ Cameco Corp. Reduce -68.6% 0.01% −0.01
UBER Uber Technologies Inc. Sold out 0.00% −0.01
ARM Arm Holdings PLC-ADR Reduce -67.7% 0.01% −0.01
EOG EOG Resources Inc. Sold out 0.00% −0.01
PPL PPL Corp. Sold out 0.00% −0.01
EEM iShares MSCI Emerging Market Reduce -28.1% 0.02% −0.01
AMT American Tower Corp. Sold out 0.00% −0.01
IFN Aberdeen India Fund Inc. Sold out 0.00% −0.00
CNQ Canadian Natural Resources Reduce -50.0% 0.00% −0.00
KHC The Kraft Heinz Co. Sold out 0.00% −0.00
NET Cloudflare Inc. Class A Sold out 0.00% −0.00
BAX Baxter International Inc. Sold out 0.00% −0.00
LMT Lockheed Martin Corp. Sold out 0.00% −0.00
XES SS SPDR S&P Og Eqp & Serv Reduce -50.0% 0.00% −0.00
BKLN Invesco Senior Loan ETF Sold out 0.00% −0.00
RVTY Revvity Inc. Sold out 0.00% −0.00
KT KT Corp.-SP ADR Sold out 0.00% −0.00
AVAV Aerovironment Inc. Sold out 0.00% −0.00
OGN Organon & Co. Reduce -86.9% 0.00% −0.00
VZ Verizon Communications Inc. Reduce -42.1% 0.00% −0.00
U Unity Software Inc. Sold out 0.00% −0.00
GM General Motors Co. Reduce -14.1% 0.02% −0.00
TAK Takeda Pharmaceutic-SP ADR Sold out 0.00% −0.00
NVTAQ Invitae Corp. Sold out 0.00% 0.00
XLV SS Health Care Select Sector Reduce -3.4% 0.05% +0.00
SNAP Snap Inc. Class A Reduce -30.0% 0.01% +0.00
APH Amphenol Corp. Class A Reduce -50.0% 0.01% +0.00
TSLA Tesla Inc. Reduce -3.0% 0.01% +0.00
QQQ Invesco QQQ Trust Series 1 Reduce -0.6% 0.57% +0.06
GOOG Alphabet Inc. Class C Reduce -1.6% 0.54% +0.11
JPM JPMorgan Chase & Co. Reduce -1.9% 4.30% +0.20
AAPL Apple Inc. Reduce -5.1% 1.36% +0.24
MSFT Microsoft Corp. Reduce -0.1% 7.77% +0.81
GOOGL Alphabet Inc. Class A Reduce -0.1% 6.35% +1.35

Portfolio Buys Q1 2024 → Q2 2024
NVDA Nvidia Corp. Add +0.5% 1.24% +0.38
INDA iShares MSCI India ETF New 0.10% +0.10
C Citigroup Inc. Add +2.1% 0.85% +0.07
IBIT iShares Bitcoin Trust ETF Add +570.9% 0.03% +0.03
SLB SLB Ltd. New 0.03% +0.03
MRNA Moderna Inc. Add +500.0% 0.01% +0.01
BABA Alibaba Group Holding-SP ADR Add +50.0% 0.03% +0.01
BIDU Baidu Inc. - Spon ADR Add +96.0% 0.03% +0.01
LBRDK Liberty Broadband-C Add +29.3% 0.04% +0.01
BA The Boeing Co. New 0.01% +0.01
PLTR Palantir Technologies Inc. Class A New 0.01% +0.01
CPNG Coupang Inc. Add +92.0% 0.01% +0.00
PFF iShares Preferred & Income S Add +34.8% 0.01% +0.00
MRK Merck & Co. Inc. Add +17.4% 0.02% +0.00
CARR Carrier Global Corp. Add +0.1% 0.02% +0.00
BMO Bank of Montreal New 0.00% +0.00
RXRX Recursion Pharmaceuticals-A New 0.00% +0.00
RCI Rogers Communications Inc. Class B Add +0.9% 0.25% −0.01

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