JTC Employer Solutions Trustee Ltd

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed April 9, 2025), JTC Employer Solutions Trustee Ltd reported 317 stock positions worth $1.2 billion. Its top holding was GSK PLC-Spon ADR (GSK) at 48.6% of the portfolio, followed by JPMorgan Chase (JPM, 6.2%) and Union Pacific (UNP, 4.0%). Compared with Q4 2024, it opened 8 new positions, sold out of 13, added to 11 and reduced 23. The biggest buy was Meta Platforms Class A (META, shares +810%) and the biggest sale Microsoft (MSFT, shares −73%).

Most Recent 13F
Q2 2026
Location
ST HELIER, Y9
CIK
0001875645
Portfolio Value
$1.2B (Q1 2025)
SEC Filing
0001875645-25-000003 ↗ filed Apr 9, 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 Q4 2024 Q1 2025: $1.2B $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 317 stocks · $1.2B
GSK GSK PLC-Spon ADR 48.60% 15,260,368 $591.6M Reduce -24.8%
JPM JPMorgan Chase & Co. 6.20% 307,705 $75.5M Reduce -0.5%
UNP Union Pacific Corp. 4.04% 207,900 $49.1M No change
GOOGL Alphabet Inc. Class A 3.54% 278,805 $43.1M Reduce -45.1%
AMZN Amazon.com Inc. 3.36% 214,867 $40.9M Add +200.6%
NVDA Nvidia Corp. 3.24% 362,128 $39.4M Add +200.9%
META Meta Platforms Inc. Class A 2.81% 59,414 $34.2M Add +810.0%
MSFT Microsoft Corp. 2.14% 69,467 $26.0M Reduce -72.9%
COST Costco Wholesale Corp. 1.98% 25,477 $24.1M No change
AAPL Apple Inc. 1.58% 86,722 $19.3M Reduce -5.2%
AIG American International Group 1.58% 221,000 $19.2M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.17% 341,805 $14.3M No change
C Citigroup Inc. 1.17% 200,783 $14.3M No change
MA Mastercard Inc. Class A 1.03% 22,763 $12.5M No change
TSM Taiwan Semiconductor-SP ADR 0.96% 70,101 $11.6M No change
USHY iShares Broad Usd High Yield 0.94% 310,219 $11.4M No change
GOOG Alphabet Inc. Class C 0.69% 53,987 $8.4M Reduce -0.0%
GSL Global Ship Lease Inc. Class A 0.68% 363,258 $8.3M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.64% 13,992 $7.8M Reduce -9.9%
AXP American Express Co. 0.61% 27,500 $7.4M No change
QQQ Invesco QQQ Trust Series 1 0.59% 15,409 $7.2M Reduce -12.4%
BRK.A Berkshire Hathaway Inc. Class A 0.59% 9 $7.2M No change
COF Capital One Financial Corp. 0.58% 39,320 $7.0M No change
CBRE CBRE Group Inc. Class A 0.54% 50,000 $6.5M No change
SYF Synchrony Financial 0.48% 110,000 $5.8M No change
VOO Vanguard S&P 500 ETF 0.37% 8,837 $4.5M No change
HLN Haleon PLC-ADR 0.36% 428,614 $4.4M Add +1011.3%
TD Toronto-Dominion Bank 0.35% 71,315 $4.3M No change
IVV iShares Core S&P 500 ETF 0.32% 7,026 $3.9M No change
PLAB Photronics Inc. 0.32% 191,856 $3.9M No change
SCHP Schwab U.S. Tips ETF 0.31% 141,964 $3.8M No change
EWJ iShares MSCI Japan ETF 0.28% 48,837 $3.3M No change
FCX Freeport-McMoran Inc. 0.25% 80,000 $3.0M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.24% 6,868 $2.9M No change
RCI Rogers Communications Inc. Class B 0.23% 102,545 $2.8M Add +1.2%
GLD SPDR Gold Shares 0.22% 9,376 $2.7M Reduce -92.5%
AAL American Airlines Group Inc. 0.21% 244,687 $2.6M No change
CVX Chevron Corp. 0.21% 15,178 $2.5M No change
XOM Exxon Mobil Corp. 0.20% 20,848 $2.5M Reduce -1.3%
DDOG Datadog Inc. Class A 0.20% 17,288 $2.4M New
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.20% 24,137 $2.4M No change
CX Cemex Sab-Spons ADR Part Cer 0.19% 401,972 $2.3M No change
IBIT iShares Bitcoin Trust ETF 0.18% 47,616 $2.2M Add +27.0%
DAL Delta Air Lines Inc. 0.18% 50,000 $2.2M No change
PYPL PayPal Holdings Inc. 0.17% 32,580 $2.1M No change
SLG SL Green Realty Corp. 0.17% 35,397 $2.0M No change
COHR Coherent Corp. 0.16% 29,628 $1.9M Reduce -1.6%
GLW Corning Inc. 0.15% 40,000 $1.8M No change
BABA Alibaba Group Holding-SP ADR 0.14% 13,170 $1.7M Add +19.9%
ARKK ARK Innovation ETF 0.13% 32,854 $1.6M Reduce -0.2%
AA Alcoa Corp. 0.13% 50,437 $1.5M No change
SNREY Sunrise Communicat Class A 0.12% 31,227 $1.5M No change
INDA iShares MSCI India ETF 0.12% 28,000 $1.4M No change
MBI Mbia Inc. 0.11% 280,000 $1.4M No change
CNI Canadian Natl Railway Co. 0.09% 11,700 $1.1M Reduce -4.3%
MCD McDonald's Corp. 0.09% 3,540 $1.1M No change
VGT Vanguard Info Tech ETF 0.09% 2,028 $1.1M Reduce -30.2%
NFLX Netflix Inc. 0.08% 1,061 $990K No change
SPLV Invesco S&P 500 Low Volatili 0.08% 13,000 $971K No change
ORCL Oracle Corp. 0.07% 6,328 $885K Add +23.4%
LBRDK Liberty Broadband-C 0.07% 10,332 $878K No change
VT Vanguard Tot World STK ETF 0.07% 7,500 $870K No change
IGV iShares Expanded Tech-Softwa 0.07% 9,011 $803K No change
DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC 0.07% 22,690 $802K No change
XLV SS Health Care Select Sector 0.06% 5,400 $788K No change
DE Deere & Co. 0.06% 1,585 $745K No change
IWF iShares Russell 1000 Growth 0.06% 2,016 $727K No change
KWEB Kranesh Csi China Internet 0.06% 20,340 $709K No change
PLTR Palantir Technologies Inc. Class A 0.06% 8,099 $684K Reduce -16.9%
CSCO Cisco Systems Inc. 0.05% 10,753 $664K No change
BIDU Baidu Inc. - Spon ADR 0.05% 6,662 $612K No change
V Visa Inc. Class A 0.05% 1,700 $596K No change
AAAU Goldman Sachs Physical Gold 0.05% 17,823 $550K No change
MMM 3M Co. 0.04% 3,615 $531K No change
KKR KKR & Co. Inc. 0.04% 4,544 $525K No change
RSP Invesco S&P 500 Equal Weight 0.04% 3,000 $520K Reduce -51.2%
PBA Pembina Pipeline Corp. 0.04% 12,750 $513K No change
IXG iShares Global Financials Et 0.04% 4,700 $484K No change
EQX Equinox Gold Corp. 0.04% 69,125 $478K No change
GE General Electric filed as GE AEROSPACE 0.04% 2,390 $478K No change
SHV iShares 0-1 Year Treasury Bo 0.04% 4,233 $467K Reduce -24.2%
QCOM Qualcomm Inc. 0.04% 3,000 $461K No change
SCHW Schwab (charles) Corp. 0.04% 5,670 $444K Add +141.3%
ETH Grayscale Ethereum Staking M 0.04% 25,000 $430K No change
SCHH Schwab US REIT ETF 0.04% 19,850 $427K No change
MNTK Montauk Renewables Inc. 0.03% 197,859 $421K No change
JAAA Janus Henderson Aaa Clo ETF 0.03% 8,221 $417K No change
SIRI Sirius XM Holdings Inc. 0.03% 18,308 $413K No change
WSO Watsco Inc. 0.03% 780 $397K No change
WMT Walmart Inc. 0.03% 4,500 $395K No change
WMB Williams Cos Inc. 0.03% 6,473 $387K No change
PFE Pfizer Inc. 0.03% 15,000 $380K No change
TSLA Tesla Inc. 0.03% 1,442 $374K Reduce -0.8%
JNJ Johnson & Johnson 0.03% 2,230 $370K No change
NEM Newmont Corp. 0.03% 7,563 $365K No change
VWO Vanguard Ftse Emerging Marke 0.03% 8,020 $363K No change
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.03% 8,300 $347K No change
MRK Merck & Co. Inc. 0.03% 3,729 $334K No change
MTUM iShares MSCI USA Momentum Fa 0.02% 1,502 $303K No change
EUFN iShares MSCI Europe Financia 0.02% 10,600 $302K No change

Show all 317 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: $1.2B.

Portfolio Sells Q4 2024 → Q1 2025
MSFT Microsoft Corp. Reduce -72.9% 2.14% −5.58
GOOGL Alphabet Inc. Class A Reduce -45.1% 3.54% −3.34
GLD SPDR Gold Shares Reduce -92.5% 0.22% −1.91
DASH DoorDash Inc. Class A Sold out 0.00% −0.48
SNOW Snowflake Inc. Reduce -98.2% 0.01% −0.35
AAPL Apple Inc. Reduce -5.2% 1.58% −0.05
QQQ Invesco QQQ Trust Series 1 Reduce -12.4% 0.59% −0.05
GOOG Alphabet Inc. Class C Reduce -0.0% 0.69% −0.04
COHR Coherent Corp. Reduce -1.6% 0.16% −0.04
VGT Vanguard Info Tech ETF Reduce -30.2% 0.09% −0.04
RSP Invesco S&P 500 Equal Weight Reduce -51.2% 0.04% −0.04
LQD Ishr Ibx Usd Invgd CB ETF-Ui Reduce -60.5% 0.02% −0.02
TSLA Tesla Inc. Reduce -0.8% 0.03% −0.01
PARAA Paramount Global Class B Sold out 0.00% −0.01
TGT Target Corp. Reduce -21.1% 0.02% −0.01
BA The Boeing Co. Sold out 0.00% −0.01
PBR Petroleo Brasileiro-Spon ADR Sold out 0.00% −0.01
IWN iShares Russell 2000 Value E Sold out 0.00% −0.01
ARKK ARK Innovation ETF Reduce -0.2% 0.13% −0.01
NKE Nike Inc. Class B Reduce -17.8% 0.02% −0.01
SHV iShares 0-1 Year Treasury Bo Reduce -24.2% 0.04% −0.01
SPY SS SPDR S&P 500 ETF Trust-US Reduce -9.9% 0.64% −0.00
ARM Arm Holdings PLC-ADR Sold out 0.00% −0.00
GROY Gold Royalty Corp. Sold out 0.00% −0.00
QTUM Defiance Quantum ETF Sold out 0.00% −0.00
IDYA Ideaya Biosciences Inc. Sold out 0.00% −0.00
KRBN KS Global Carbon Stratgy ETF Sold out 0.00% −0.00
RBLX Roblox Corp. Class A Sold out 0.00% −0.00
IRBTQ Irobot Corp. Sold out 0.00% −0.00
AUMN Golden Minerals Co. Sold out 0.00% 0.00
WAB Wabtec Corp. Reduce -3.8% 0.00% +0.00
PLTR Palantir Technologies Inc. Class A Reduce -16.9% 0.06% +0.00
CNI Canadian Natl Railway Co. Reduce -4.3% 0.09% +0.01
XOM Exxon Mobil Corp. Reduce -1.3% 0.20% +0.05
GSK GSK PLC-Spon ADR Reduce -24.8% 48.60% +0.23
JPM JPMorgan Chase & Co. Reduce -0.5% 6.20% +0.95

Portfolio Buys Q4 2024 → Q1 2025
META Meta Platforms Inc. Class A Add +810.0% 2.81% +2.54
AMZN Amazon.com Inc. Add +200.6% 3.36% +2.24
NVDA Nvidia Corp. Add +200.9% 3.24% +2.06
HLN Haleon PLC-ADR Add +1011.3% 0.36% +0.34
DDOG Datadog Inc. Class A New 0.20% +0.20
BABA Alibaba Group Holding-SP ADR Add +19.9% 0.14% +0.08
IBIT iShares Bitcoin Trust ETF Add +27.0% 0.18% +0.04
SCHW Schwab (charles) Corp. Add +141.3% 0.04% +0.02
EUAD Select Stoxx Eur Aer DE ETF New 0.02% +0.02
TQQQ Proshares Ultrapro QQQ New 0.01% +0.01
ORCL Oracle Corp. Add +23.4% 0.07% +0.01
RCI Rogers Communications Inc. Class B Add +1.2% 0.23% +0.01
IWM iShares Russell 2000 ETF New 0.01% +0.01
AMD Advanced Micro Devices Add +42.3% 0.02% +0.01
SILJ Amplify Junior Silver Miners Add +600.0% 0.01% +0.01
HSAI Hesai Group New 0.00% +0.00
DRS Leonardo DRS Inc. New 0.00% +0.00
RERE Atrenew Inc. New 0.00% +0.00
DNN Denison Mines Corp. New 0.00% +0.00

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