JTC Employer Solutions Trustee Ltd

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 18, 2024), JTC Employer Solutions Trustee Ltd reported 333 stock positions worth $1.5 billion. Its top holding was GSK PLC-Spon ADR (GSK) at 54.7% of the portfolio, followed by Microsoft (MSFT, 7.3%) and Alphabet Class A (GOOGL, 5.6%). Compared with Q2 2024, it opened 11 new positions, sold out of 10, added to 12 and reduced 23. The biggest buy was SPDR Gold Shares (GLD, shares +1565%) and the biggest sale iShares Core S&P 500 ETF (IVV, shares −88%).

Most Recent 13F
Q2 2026
Location
ST HELIER, Y9
CIK
0001875645
Portfolio Value
$1.5B (Q3 2024)
SEC Filing
0001875645-24-000005 ↗ filed Oct 18, 2024

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.6B Q1 2024 Q2 2024: $1.5B Q2 2024 Q3 2024: $1.5B $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 333 stocks · $1.5B
GSK GSK PLC-Spon ADR 54.67% 20,480,962 $837.4M Reduce -1.9%
MSFT Microsoft Corp. 7.30% 259,977 $111.9M No change
GOOGL Alphabet Inc. Class A 5.64% 520,546 $86.4M Reduce -0.2%
JPM JPMorgan Chase & Co. 4.29% 311,631 $65.7M Reduce -1.8%
UNP Union Pacific Corp. 3.34% 207,900 $51.2M No change
GLD SPDR Gold Shares 1.83% 115,106 $28.0M Add +1565.3%
COST Costco Wholesale Corp. 1.47% 25,470 $22.6M No change
AAPL Apple Inc. 1.46% 95,685 $22.3M Reduce -1.2%
NVDA Nvidia Corp. 1.21% 152,597 $18.5M Add +1.9%
AIG American International Group 1.06% 221,000 $16.2M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.90% 346,800 $13.8M Reduce -1.7%
C Citigroup Inc. 0.82% 200,783 $12.6M No change
TSM Taiwan Semiconductor-SP ADR 0.79% 69,701 $12.1M No change
AMZN Amazon.com Inc. 0.79% 64,727 $12.1M Reduce -1.7%
USHY iShares Broad Usd High Yield 0.76% 310,219 $11.7M No change
GSL Global Ship Lease Inc. Class A 0.63% 363,258 $9.7M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.59% 15,610 $9.0M Reduce -16.7%
MA Mastercard Inc. Class A 0.57% 17,757 $8.8M No change
QQQ Invesco QQQ Trust Series 1 0.56% 17,599 $8.6M Reduce -0.6%
AXP American Express Co. 0.49% 27,500 $7.5M No change
GOOG Alphabet Inc. Class C 0.48% 43,788 $7.3M Reduce -0.4%
CBRE CBRE Group Inc. Class A 0.41% 50,000 $6.2M No change
BRK.A Berkshire Hathaway Inc. Class A 0.41% 9 $6.2M No change
COF Capital One Financial Corp. 0.38% 39,320 $5.9M No change
DASH DoorDash Inc. Class A 0.38% 40,333 $5.8M No change
SYF Synchrony Financial 0.36% 110,000 $5.5M No change
VOO Vanguard S&P 500 ETF 0.30% 8,837 $4.7M No change
TD Toronto-Dominion Bank 0.29% 71,315 $4.5M No change
IVV iShares Core S&P 500 ETF 0.26% 7,026 $4.1M Reduce -88.2%
RCI Rogers Communications Inc. Class B 0.26% 100,409 $4.0M Add +1.0%
FCX Freeport-McMoran Inc. 0.26% 80,000 $4.0M No change
PLAB Photronics Inc. 0.25% 191,856 $3.9M No change
SCHP Schwab U.S. Tips ETF 0.24% 70,982 $3.7M No change
SNOW Snowflake Inc. 0.24% 32,230 $3.7M No change
EWJ iShares MSCI Japan ETF 0.23% 48,837 $3.5M Reduce -6.4%
QUAL iShares MSCI USA Quality Fac 0.21% 18,190 $3.3M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.19% 6,981 $3.0M No change
AAL American Airlines Group Inc. 0.18% 244,687 $2.7M No change
COHR Coherent Corp. 0.17% 30,108 $2.7M Add +2.7%
PYPL PayPal Holdings Inc. 0.17% 32,580 $2.5M No change
DAL Delta Air Lines Inc. 0.17% 50,000 $2.5M No change
XOM Exxon Mobil Corp. 0.16% 21,118 $2.5M No change
SLG SL Green Realty Corp. 0.16% 35,397 $2.5M No change
CX Cemex Sab-Spons ADR Part Cer 0.16% 401,972 $2.4M No change
META Meta Platforms Inc. Class A 0.16% 4,229 $2.4M Add +3.8%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.15% 24,137 $2.3M Reduce -1.5%
CVX Chevron Corp. 0.15% 15,178 $2.2M No change
AA Alcoa Corp. 0.13% 50,437 $1.9M No change
GLW Corning Inc. 0.12% 40,000 $1.8M No change
VGT Vanguard Info Tech ETF 0.11% 2,906 $1.7M Add +19.6%
INDA iShares MSCI India ETF 0.11% 28,000 $1.6M No change
ARKK ARK Innovation ETF 0.10% 32,912 $1.6M No change
CNI Canadian Natl Railway Co. 0.09% 12,225 $1.4M No change
BABA Alibaba Group Holding-SP ADR 0.08% 10,986 $1.2M Add +82.5%
HLN Haleon PLC-ADR 0.07% 108,149 $1.1M Reduce -18.5%
MNTK Montauk Renewables Inc. 0.07% 197,859 $1.1M No change
MCD McDonald's Corp. 0.07% 3,540 $1.1M No change
MBI Mbia Inc. 0.07% 280,000 $998K No change
SPLV Invesco S&P 500 Low Volatili 0.06% 13,000 $933K No change
IGV iShares Expanded Tech-Softwa 0.06% 10,100 $903K No change
VT Vanguard Tot World STK ETF 0.06% 7,500 $898K No change
XLV SS Health Care Select Sector 0.05% 5,400 $832K No change
IBIT iShares Bitcoin Trust ETF 0.05% 22,799 $823K Add +57.5%
LBRDK Liberty Broadband-C 0.05% 10,332 $799K No change
ORCL Oracle Corp. 0.05% 4,552 $776K No change
KWEB Kranesh Csi China Internet 0.05% 22,540 $766K No change
IWF iShares Russell 1000 Growth 0.05% 2,016 $757K No change
NFLX Netflix Inc. 0.05% 1,061 $753K No change
DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC 0.05% 22,690 $732K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.04% 6,076 $686K No change
DE Deere & Co. 0.04% 1,585 $661K No change
SHV iShares 0-1 Year Treasury Bo 0.04% 5,584 $618K No change
KKR KKR & Co. Inc. 0.04% 4,544 $593K No change
CSCO Cisco Systems Inc. 0.04% 10,753 $573K No change
BIDU Baidu Inc. - Spon ADR 0.04% 5,401 $569K Add +22.4%
TGT Target Corp. 0.04% 3,550 $553K No change
PBA Pembina Pipeline Corp. 0.03% 12,750 $526K No change
QCOM Qualcomm Inc. 0.03% 3,000 $510K No change
EQX Equinox Gold Corp. 0.03% 82,125 $500K No change
NKE Nike Inc. Class B 0.03% 5,642 $499K Add +21.6%
MMM 3M Co. 0.03% 3,615 $494K No change
GE General Electric filed as GE AEROSPACE 0.03% 2,515 $476K No change
V Visa Inc. Class A 0.03% 1,700 $467K No change
AAAU Goldman Sachs Physical Gold 0.03% 17,823 $464K No change
SCHH Schwab US REIT ETF 0.03% 19,850 $460K No change
IXG iShares Global Financials Et 0.03% 4,700 $444K No change
SIRI Sirius XM Holdings Inc. 0.03% 18,308 $434K New
PFE Pfizer Inc. 0.03% 15,000 $433K No change
JAAA Janus Henderson Aaa Clo ETF 0.03% 8,221 $418K Add +147.6%
NEM Newmont Corp. 0.03% 7,563 $404K Reduce -18.3%
FMC FMC Corp. 0.03% 6,100 $402K No change
URNM Sprott Uranium Miners ETF 0.03% 8,500 $390K Reduce -65.6%
VWO Vanguard Ftse Emerging Marke 0.03% 8,020 $384K No change
WSO Watsco Inc. 0.03% 780 $383K No change
JNJ Johnson & Johnson 0.02% 2,230 $361K No change
CAT Caterpillar Inc. 0.02% 920 $360K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.02% 8,300 $348K No change
MPC Marathon Petroleum Corp. 0.02% 2,043 $333K No change
CARR Carrier Global Corp. 0.02% 4,024 $324K No change
IBB iShares Biotechnology ETF 0.02% 2,214 $322K Reduce -23.9%

Show all 333 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 Q2 2024 → Q3 2024
IVV iShares Core S&P 500 ETF Reduce -88.2% 0.26% −1.91
GOOGL Alphabet Inc. Class A Reduce -0.2% 5.64% −0.71
SPY SS SPDR S&P 500 ETF Trust-US Reduce -16.7% 0.59% −0.10
AMZN Amazon.com Inc. Reduce -1.7% 0.79% −0.06
GOOG Alphabet Inc. Class C Reduce -0.4% 0.48% −0.06
URNM Sprott Uranium Miners ETF Reduce -65.6% 0.03% −0.06
BX Blackstone Inc. Reduce -72.6% 0.02% −0.04
BAC Bank of America Corp. Reduce -1.7% 0.90% −0.04
LSXMK Liberty Media Corp.-Liber-New Sold out 0.00% −0.02
VGK Vanguard Ftse Europe ETF Reduce -71.5% 0.01% −0.02
IEF iShares 7-10 Year Treasury B Sold out 0.00% −0.02
EMQQ Emg MKT Internet ETF-USA Inc. Sold out 0.00% −0.01
DIS The Walt Disney Co. Reduce -1.5% 0.15% −0.01
EWJ iShares MSCI Japan ETF Reduce -6.4% 0.23% −0.01
LSXMA Liberty Media Corp. Class A New Sold out 0.00% −0.01
JPM JPMorgan Chase & Co. Reduce -1.8% 4.29% −0.01
QQQ Invesco QQQ Trust Series 1 Reduce -0.6% 0.56% −0.01
RING iShares MSCI Global Gold Min Sold out 0.00% −0.01
COLO Global X MSCI Colombia ETF Reduce -70.0% 0.00% −0.01
IBB iShares Biotechnology ETF Reduce -23.9% 0.02% −0.01
QTUM Defiance Quantum ETF Reduce -66.7% 0.00% −0.00
IMCR Immunocore Holdings PLC-ADR Reduce -32.0% 0.01% −0.00
NLR Vaneck Urani & Nuclr ETF-Usd Sold out 0.00% −0.00
XES SS SPDR S&P Og Eqp & Serv Sold out 0.00% −0.00
GDX Vaneck Gold Miners ETF Reduce -26.5% 0.01% −0.00
ADAPY Adaptimmune Therapeutics-ADR Sold out 0.00% −0.00
CXW Corecivic Inc. Sold out 0.00% −0.00
WRK Westrock Co. Sold out 0.00% −0.00
TSLA Tesla Inc. Reduce -22.4% 0.01% +0.00
NEM Newmont Corp. Reduce -18.3% 0.03% +0.00
HLN Haleon PLC-ADR Reduce -18.5% 0.07% +0.00
AAPL Apple Inc. Reduce -1.2% 1.46% +0.09
GSK GSK PLC-Spon ADR Reduce -1.9% 54.67% +0.93

Portfolio Buys Q2 2024 → Q3 2024
GLD SPDR Gold Shares Add +1565.3% 1.83% +1.73
BABA Alibaba Group Holding-SP ADR Add +82.5% 0.08% +0.05
COHR Coherent Corp. Add +2.7% 0.17% +0.03
SIRI Sirius XM Holdings Inc. New 0.03% +0.03
META Meta Platforms Inc. Class A Add +3.8% 0.16% +0.02
IBIT iShares Bitcoin Trust ETF Add +57.5% 0.05% +0.02
RCI Rogers Communications Inc. Class B Add +1.0% 0.26% +0.02
VGT Vanguard Info Tech ETF Add +19.6% 0.11% +0.02
PDO PIMCO Dynamic Income Opport New 0.02% +0.02
JAAA Janus Henderson Aaa Clo ETF Add +147.6% 0.03% +0.02
LI Li Auto Inc. - ADR New 0.01% +0.01
NIO Nio Inc. - ADR Add +750.5% 0.01% +0.01
BIDU Baidu Inc. - Spon ADR Add +22.4% 0.04% +0.01
NKE Nike Inc. Class B Add +21.6% 0.03% +0.01
SILJ Amplify Junior Silver Miners New 0.01% +0.01
BHK BlackRock Core Bond Trust New 0.01% +0.01
ADPT Adaptive Biotechnologies New 0.00% +0.00
PATH Uipath Inc. Class A New 0.00% +0.00
AI C3.AI Inc. Class A New 0.00% +0.00
IONQ Ionq Inc. New 0.00% +0.00
NNE Nano Nuclear Energy Inc. New 0.00% +0.00
SOUN Soundhound AI Inc. Class A New 0.00% +0.00
NVDA Nvidia Corp. Add +1.9% 1.21% −0.03

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