JTC Employer Solutions Trustee Ltd

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed January 13, 2025), JTC Employer Solutions Trustee Ltd reported 322 stock positions worth $1.4 billion. Its top holding was GSK PLC-Spon ADR (GSK) at 48.4% of the portfolio, followed by Microsoft (MSFT, 7.7%) and Alphabet Class A (GOOGL, 6.9%). Compared with Q3 2024, it opened 11 new positions, sold out of 22, added to 23 and reduced 27. The biggest buy was Amazon.com (AMZN, shares +10%) and the biggest sale GSK PLC-Spon ADR (GSK, shares −1%).

Most Recent 13F
Q2 2026
Location
ST HELIER, Y9
CIK
0001875645
Portfolio Value
$1.4B (Q4 2024)
SEC Filing
0001875645-25-000001 ↗ filed Jan 13, 2025

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 Q3 2024 Q4 2024: $1.4B $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 322 stocks · $1.4B
GSK GSK PLC-Spon ADR 48.38% 20,278,564 $682.3M Reduce -1.0%
MSFT Microsoft Corp. 7.72% 256,253 $108.9M Reduce -1.4%
GOOGL Alphabet Inc. Class A 6.88% 507,667 $97.1M Reduce -2.5%
JPM JPMorgan Chase & Co. 5.25% 309,236 $74.0M Reduce -0.8%
UNP Union Pacific Corp. 3.36% 207,900 $47.4M No change
GLD SPDR Gold Shares 2.13% 124,762 $30.0M Add +8.4%
COST Costco Wholesale Corp. 1.67% 25,477 $23.5M Add +0.0%
AAPL Apple Inc. 1.64% 91,495 $23.1M Reduce -4.4%
NVDA Nvidia Corp. 1.17% 120,337 $16.5M Reduce -21.1%
AIG American International Group 1.14% 221,000 $16.0M No change
AMZN Amazon.com Inc. 1.12% 71,477 $15.8M Add +10.4%
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.06% 341,805 $15.0M Reduce -1.4%
C Citigroup Inc. 1.00% 200,783 $14.1M No change
TSM Taiwan Semiconductor-SP ADR 1.00% 70,101 $14.0M Add +0.6%
MA Mastercard Inc. Class A 0.85% 22,763 $12.0M Add +28.2%
USHY iShares Broad Usd High Yield 0.81% 310,219 $11.4M No change
GOOG Alphabet Inc. Class C 0.74% 54,008 $10.4M Add +23.3%
SPY SS SPDR S&P 500 ETF Trust-US 0.65% 15,526 $9.1M Reduce -0.5%
QQQ Invesco QQQ Trust Series 1 0.64% 17,599 $9.1M No change
AXP American Express Co. 0.58% 27,500 $8.2M No change
GSL Global Ship Lease Inc. Class A 0.56% 363,258 $7.9M No change
SYF Synchrony Financial 0.51% 110,000 $7.2M No change
COF Capital One Financial Corp. 0.50% 39,320 $7.0M No change
DASH DoorDash Inc. Class A 0.48% 40,333 $6.8M No change
CBRE CBRE Group Inc. Class A 0.46% 50,000 $6.5M No change
BRK.A Berkshire Hathaway Inc. Class A 0.43% 9 $6.1M No change
SNOW Snowflake Inc. 0.36% 32,830 $5.1M Add +1.9%
VOO Vanguard S&P 500 ETF 0.34% 8,837 $4.8M No change
AAL American Airlines Group Inc. 0.31% 244,687 $4.3M No change
IVV iShares Core S&P 500 ETF 0.29% 7,026 $4.2M No change
PLAB Photronics Inc. 0.28% 191,856 $3.9M No change
META Meta Platforms Inc. Class A 0.27% 6,529 $3.9M Add +54.4%
TD Toronto-Dominion Bank 0.27% 71,315 $3.8M No change
SCHP Schwab U.S. Tips ETF 0.27% 141,964 $3.7M No change
EWJ iShares MSCI Japan ETF 0.23% 48,837 $3.3M No change
RCI Rogers Communications Inc. Class B 0.22% 101,365 $3.1M Add +0.9%
FCX Freeport-McMoran Inc. 0.22% 80,000 $3.1M No change
DAL Delta Air Lines Inc. 0.22% 50,000 $3.0M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.21% 6,868 $2.9M Reduce -1.6%
COHR Coherent Corp. 0.20% 30,108 $2.9M No change
PYPL PayPal Holdings Inc. 0.20% 32,580 $2.8M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.19% 24,137 $2.7M No change
SLG SL Green Realty Corp. 0.17% 35,397 $2.3M No change
CX Cemex Sab-Spons ADR Part Cer 0.16% 401,972 $2.2M No change
XOM Exxon Mobil Corp. 0.16% 21,118 $2.2M No change
CVX Chevron Corp. 0.15% 15,178 $2.2M No change
IBIT iShares Bitcoin Trust ETF 0.14% 37,481 $2.0M Add +64.4%
ARKK ARK Innovation ETF 0.13% 32,912 $1.9M No change
GLW Corning Inc. 0.13% 40,000 $1.9M No change
AA Alcoa Corp. 0.13% 50,437 $1.9M No change
VGT Vanguard Info Tech ETF 0.13% 2,906 $1.8M No change
MBI Mbia Inc. 0.12% 280,000 $1.7M No change
INDA iShares MSCI India ETF 0.10% 28,000 $1.5M No change
SNREY Sunrise Communicat Class A 0.10% 31,227 $1.4M New
CNI Canadian Natl Railway Co. 0.09% 12,225 $1.2M No change
RSP Invesco S&P 500 Equal Weight 0.08% 6,153 $1.1M New
MCD McDonald's Corp. 0.07% 3,540 $1.0M No change
NFLX Netflix Inc. 0.07% 1,061 $955K No change
BABA Alibaba Group Holding-SP ADR 0.07% 10,986 $924K No change
IGV iShares Expanded Tech-Softwa 0.06% 9,011 $909K Reduce -10.8%
SPLV Invesco S&P 500 Low Volatili 0.06% 13,000 $908K No change
VT Vanguard Tot World STK ETF 0.06% 7,500 $883K No change
ORCL Oracle Corp. 0.06% 5,129 $856K Add +12.7%
IWF iShares Russell 1000 Growth 0.06% 2,016 $817K No change
ETH Grayscale Ethereum Staking M 0.06% 25,000 $800K New
MNTK Montauk Renewables Inc. 0.06% 197,859 $797K No change
LBRDK Liberty Broadband-C 0.05% 10,332 $773K No change
PLTR Palantir Technologies Inc. Class A 0.05% 9,748 $751K Add +224.9%
XLV SS Health Care Select Sector 0.05% 5,400 $741K No change
DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC 0.05% 22,690 $728K No change
KKR KKR & Co. Inc. 0.05% 4,544 $674K No change
DE Deere & Co. 0.05% 1,585 $673K No change
LQD Ishr Ibx Usd Invgd CB ETF-Ui 0.05% 6,076 $651K No change
CSCO Cisco Systems Inc. 0.05% 10,753 $637K No change
SHV iShares 0-1 Year Treasury Bo 0.04% 5,584 $614K No change
TSLA Tesla Inc. 0.04% 1,453 $606K Add +95.0%
KWEB Kranesh Csi China Internet 0.04% 20,340 $592K Reduce -9.8%
BIDU Baidu Inc. - Spon ADR 0.04% 6,662 $560K Add +23.4%
V Visa Inc. Class A 0.04% 1,700 $536K No change
TGT Target Corp. 0.03% 3,550 $479K No change
PBA Pembina Pipeline Corp. 0.03% 12,750 $469K No change
MMM 3M Co. 0.03% 3,615 $467K No change
QCOM Qualcomm Inc. 0.03% 3,000 $464K No change
AAAU Goldman Sachs Physical Gold 0.03% 17,823 $459K No change
IXG iShares Global Financials Et 0.03% 4,700 $452K No change
NKE Nike Inc. Class B 0.03% 5,642 $422K No change
JAAA Janus Henderson Aaa Clo ETF 0.03% 8,221 $417K No change
SIRI Sirius XM Holdings Inc. 0.03% 18,308 $417K No change
SCHH Schwab US REIT ETF 0.03% 19,850 $414K No change
WMT Walmart Inc. 0.03% 4,500 $408K Add +200.0%
GE General Electric filed as GE AEROSPACE 0.03% 2,390 $402K Reduce -5.0%
PFE Pfizer Inc. 0.03% 15,000 $396K No change
WSO Watsco Inc. 0.03% 780 $371K No change
HLN Haleon PLC-ADR 0.03% 38,569 $367K Reduce -64.3%
MRK Merck & Co. Inc. 0.03% 3,729 $367K Add +58.8%
VWO Vanguard Ftse Emerging Marke 0.03% 8,020 $354K No change
WMB Williams Cos Inc. 0.02% 6,473 $351K No change
EQX Equinox Gold Corp. 0.02% 69,125 $347K Reduce -15.8%
URNM Sprott Uranium Miners ETF 0.02% 8,500 $339K No change
BX Blackstone Inc. 0.02% 1,960 $337K No change

Show all 322 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: $1.4B.

Portfolio Sells Q3 2024 → Q4 2024
GSK GSK PLC-Spon ADR Reduce -1.0% 48.38% −6.30
QUAL iShares MSCI USA Quality Fac Sold out 0.00% −0.21
HLN Haleon PLC-ADR Reduce -64.3% 0.03% −0.05
NVDA Nvidia Corp. Reduce -21.1% 1.17% −0.04
MPC Marathon Petroleum Corp. Sold out 0.00% −0.02
BEPC Brookfield Renewable Cor-A Sold out 0.00% −0.01
DK Delek US Holdings Inc. Sold out 0.00% −0.01
GM General Motors Co. Reduce -74.5% 0.01% −0.01
IBB iShares Biotechnology ETF Reduce -50.0% 0.01% −0.01
CAT Caterpillar Inc. Reduce -43.5% 0.01% −0.01
AMAT Applied Materials Inc. Sold out 0.00% −0.01
COWZ Pacer US Cash Cows 100 ETF Sold out 0.00% −0.01
EQX Equinox Gold Corp. Reduce -15.8% 0.02% −0.01
KWEB Kranesh Csi China Internet Reduce -9.8% 0.04% −0.01
SBUX Starbucks Corp. Sold out 0.00% −0.01
CCJ Cameco Corp. Sold out 0.00% −0.01
MRNA Moderna Inc. Reduce -83.3% 0.00% −0.01
SILJ Amplify Junior Silver Miners Reduce -90.0% 0.00% −0.01
MTNB Matinas Biopharma Holdings I Sold out 0.00% −0.00
BDX Becton Dickinson and Co. Reduce -30.3% 0.01% −0.00
SPT Sprout Social Inc. Class A Reduce -57.1% 0.00% −0.00
ARCH Arch Resources Inc. Sold out 0.00% −0.00
BMRN Biomarin Pharmaceutical Inc. Sold out 0.00% −0.00
GE General Electric Reduce -5.0% 0.03% −0.00
ARKG ARK Genomic Revolution ETF Sold out 0.00% −0.00
NRT North European Oil RTY Trust Sold out 0.00% −0.00
COLO Global X MSCI Colombia ETF Reduce -75.0% 0.00% −0.00
FMX Fomento Economico Mex-SP ADR Sold out 0.00% −0.00
GDXJ Vaneck Junior Gold Miners Reduce -16.6% 0.01% −0.00
MARPS Marine Petroleum Trust Sold out 0.00% −0.00
HPQ HP Inc. Reduce -28.8% 0.00% −0.00
AMX America Movil Sab DE CV Sold out 0.00% −0.00
GEHC GE Healthcare Technology Reduce -4.9% 0.00% −0.00
HPE Hewlett Packard Enterprise Sold out 0.00% −0.00
MTR Mesa Royalty Trust Sold out 0.00% −0.00
DXC DXC Technology Co. Sold out 0.00% −0.00
PROSHARES ULTSHRT FINANCIALS Sold out 0.00% −0.00
SMCI Super Micro Computer Inc. Sold out 0.00% −0.00
MMATQ Meta Materials Inc. Sold out 0.00% 0.00
WAB Wabtec Corp. Reduce -4.5% 0.00% 0.00
GEV GE Vernova Inc. Reduce -4.9% 0.01% +0.00
IGV iShares Expanded Tech-Softwa Reduce -10.8% 0.06% +0.01
DIA SS SPDR Dow Jones Indus Avg Reduce -1.6% 0.21% +0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -0.5% 0.65% +0.06
BAC Bank of America Corp. Reduce -1.4% 1.06% +0.17
AAPL Apple Inc. Reduce -4.4% 1.64% +0.18
MSFT Microsoft Corp. Reduce -1.4% 7.72% +0.42
JPM JPMorgan Chase & Co. Reduce -0.8% 5.25% +0.96
GOOGL Alphabet Inc. Class A Reduce -2.5% 6.88% +1.24

Portfolio Buys Q3 2024 → Q4 2024
AMZN Amazon.com Inc. Add +10.4% 1.12% +0.33
GLD SPDR Gold Shares Add +8.4% 2.13% +0.30
MA Mastercard Inc. Class A Add +28.2% 0.85% +0.28
GOOG Alphabet Inc. Class C Add +23.3% 0.74% +0.26
TSM Taiwan Semiconductor-SP ADR Add +0.6% 1.00% +0.21
COST Costco Wholesale Corp. Add +0.0% 1.67% +0.19
SNOW Snowflake Inc. Add +1.9% 0.36% +0.12
META Meta Platforms Inc. Class A Add +54.4% 0.27% +0.12
SNREY Sunrise Communicat Class A New 0.10% +0.10
IBIT iShares Bitcoin Trust ETF Add +64.4% 0.14% +0.09
RSP Invesco S&P 500 Equal Weight New 0.08% +0.08
ETH Grayscale Ethereum Staking M New 0.06% +0.06
PLTR Palantir Technologies Inc. Class A Add +224.9% 0.05% +0.05
TSLA Tesla Inc. Add +95.0% 0.04% +0.03
WMT Walmart Inc. Add +200.0% 0.03% +0.02
RY Royal Bank of Canada Add +355.9% 0.01% +0.01
MU Micron Technology Inc. New 0.01% +0.01
ORCL Oracle Corp. Add +12.7% 0.06% +0.01
EDEN iShares MSCI Denmark ETF New 0.01% +0.01
MRK Merck & Co. Inc. Add +58.8% 0.03% +0.01
BMO Bank of Montreal Add +473.7% 0.01% +0.01
SAND Sandstorm Gold Ltd. New 0.01% +0.01
CNQ Canadian Natural Resources Add +100.0% 0.01% +0.00
VTMX Corp. Inmobiliaria Vesta-ADR New 0.00% +0.00
DOCN Digitalocean Holdings Inc. New 0.00% +0.00
BIDU Baidu Inc. - Spon ADR Add +23.4% 0.04% +0.00
APH Amphenol Corp. Class A Add +1.9% 0.01% +0.00
SMCI Super Micro Computer Inc. New 0.00% +0.00
HD Home Depot Inc. Add +4.2% 0.02% +0.00
RTX RTX Corp. Add +1.5% 0.01% +0.00
AU Anglogold Ashanti PLC New 0.00% +0.00
SKF Proshares Ultshrt Financials New 0.00% +0.00
CARR Carrier Global Corp. Add +0.5% 0.02% −0.00
RCI Rogers Communications Inc. Class B Add +0.9% 0.22% −0.04

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