JTC Employer Solutions Trustee Ltd

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 23, 2025), JTC Employer Solutions Trustee Ltd reported 314 stock positions worth $1.2 billion. Its top holding was GSK PLC-Spon ADR (GSK) at 54.0% of the portfolio, followed by JPMorgan Chase (JPM, 6.5%) and Union Pacific (UNP, 4.2%). Compared with Q2 2025, it opened 15 new positions, sold out of 12, added to 27 and reduced 24. The biggest buy was Alphabet Class A (GOOGL, shares +126%) and the biggest sale GSK PLC-Spon ADR (GSK, shares −3%).

Most Recent 13F
Q2 2026
Location
ST HELIER, Y9
CIK
0001875645
Portfolio Value
$1.2B (Q3 2025)
SEC Filing
0001875645-25-000008 ↗ filed Oct 23, 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 Q1 2025 Q2 2025: $1.0B Q2 2025 Q3 2025: $1.2B $1.2B Q3 2025 Q4 2025: $1.5B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 314 stocks · $1.2B
GSK GSK PLC-Spon ADR 54.03% 14,597,185 $629.9M Reduce -2.7%
JPM JPMorgan Chase & Co. 6.54% 241,816 $76.3M Reduce -2.0%
UNP Union Pacific Corp. 4.21% 207,900 $49.1M No change
IBIT iShares Bitcoin Trust ETF 2.32% 415,961 $27.0M No change
GOOGL Alphabet Inc. Class A 2.10% 100,780 $24.5M Add +125.5%
AAPL Apple Inc. 1.69% 77,186 $19.6M Reduce -12.4%
C Citigroup Inc. 1.53% 175,783 $17.8M No change
NVDA Nvidia Corp. 1.29% 80,787 $15.1M Reduce -5.3%
COST Costco Wholesale Corp. 1.23% 15,477 $14.3M No change
AIG American International Group 1.15% 171,000 $13.4M No change
MA Mastercard Inc. Class A 1.10% 22,621 $12.9M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 1.07% 241,805 $12.5M No change
TSM Taiwan Semiconductor-SP ADR 1.01% 42,368 $11.8M Reduce -30.7%
USHY iShares Broad Usd High Yield 1.01% 310,219 $11.7M No change
GSL Global Ship Lease Inc. Class A 0.96% 363,258 $11.1M No change
SPMO Invesco S&P 500 Momentum ETF 0.86% 85,500 $10.0M New
AMZN Amazon.com Inc. 0.84% 44,672 $9.8M Add +0.8%
GOOG Alphabet Inc. Class C 0.84% 40,101 $9.8M Reduce -5.1%
SPY SS SPDR S&P 500 ETF Trust-US 0.79% 13,834 $9.2M Reduce -1.1%
QQQ Invesco QQQ Trust Series 1 0.68% 13,128 $7.9M Reduce -0.7%
AXP American Express Co. 0.64% 22,500 $7.5M No change
BRK.A Berkshire Hathaway Inc. Class A 0.58% 9 $6.8M No change
HLN Haleon PLC-ADR 0.55% 712,229 $6.4M Add +120.7%
TD Toronto-Dominion Bank 0.49% 71,315 $5.7M No change
CBRE CBRE Group Inc. Class A 0.47% 35,000 $5.5M No change
SYF Synchrony Financial 0.46% 75,000 $5.3M No change
BRK.B Berkshire Hathaway Inc. Class B 0.46% 10,599 $5.3M New
COF Capital One Financial Corp. 0.46% 25,000 $5.3M Reduce -14.7%
VOO Vanguard S&P 500 ETF 0.42% 8,055 $4.9M No change
IVV iShares Core S&P 500 ETF 0.40% 7,026 $4.7M No change
EWJ iShares MSCI Japan ETF 0.34% 48,837 $3.9M No change
GLD SPDR Gold Shares 0.33% 10,953 $3.9M No change
PLAB Photronics Inc. 0.33% 191,856 $3.9M No change
SCHP Schwab U.S. Tips ETF 0.33% 141,964 $3.8M No change
RCI Rogers Communications Inc. Class B 0.31% 105,110 $3.6M Add +1.1%
MSFT Microsoft Corp. 0.28% 6,345 $3.3M Add +5.2%
GLW Corning Inc. 0.28% 40,000 $3.3M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.27% 6,868 $3.2M No change
META Meta Platforms Inc. Class A 0.26% 4,080 $3.0M Add +0.5%
ARKK ARK Innovation ETF 0.24% 32,152 $2.8M No change
CX Cemex Sab-Spons ADR Part Cer 0.23% 301,972 $2.7M No change
FCX Freeport-McMoran Inc. 0.20% 60,000 $2.4M No change
BABA Alibaba Group Holding-SP ADR 0.19% 12,600 $2.3M Reduce -4.3%
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.19% 19,150 $2.2M Add +0.0%
AAL American Airlines Group Inc. 0.18% 184,687 $2.1M No change
ORCL Oracle Corp. 0.15% 6,337 $1.8M Add +0.1%
INDA iShares MSCI India ETF 0.13% 29,904 $1.6M Add +6.8%
PYPL PayPal Holdings Inc. 0.13% 22,580 $1.5M No change
VGT Vanguard Info Tech ETF 0.13% 2,028 $1.5M No change
PLTR Palantir Technologies Inc. Class A 0.13% 8,099 $1.5M No change
MBI Mbia Inc. 0.11% 180,000 $1.3M No change
NFLX Netflix Inc. 0.11% 1,093 $1.3M Add +3.0%
SLG SL Green Realty Corp. 0.10% 20,397 $1.2M No change
SNREY Sunrise Communicat Class A 0.10% 20,688 $1.2M Reduce -2.5%
AA Alcoa Corp. 0.10% 35,437 $1.2M No change
CNI Canadian Natl Railway Co. 0.09% 11,700 $1.1M No change
MCD McDonald's Corp. 0.09% 3,540 $1.1M No change
IGV iShares Expanded Tech-Softwa 0.09% 9,011 $1.0M No change
VT Vanguard Tot World STK ETF 0.09% 7,500 $1.0M No change
ETH Grayscale Ethereum Staking M 0.08% 25,000 $979K No change
SPLV Invesco S&P 500 Low Volatili 0.08% 13,000 $955K No change
IWF iShares Russell 1000 Growth 0.08% 2,016 $945K No change
IAU iShares Gold Trust 0.08% 12,632 $920K Reduce -29.1%
KKR KKR & Co. Inc. 0.07% 6,657 $865K No change
KWEB Kranesh Csi China Internet 0.07% 20,340 $855K No change
DAL Delta Air Lines Inc. 0.07% 15,000 $851K No change
LBRDK Liberty Broadband-C 0.07% 13,005 $826K Add +25.9%
XLV SS Health Care Select Sector 0.06% 5,400 $752K No change
CSCO Cisco Systems Inc. 0.06% 10,753 $736K No change
DE Deere & Co. 0.06% 1,585 $725K No change
BIDU Baidu Inc. - Spon ADR 0.06% 5,401 $712K Reduce -18.9%
AAAU Goldman Sachs Physical Gold 0.06% 17,823 $679K No change
B Barrick Mining Corp. 0.06% 19,975 $655K Add +29.5%
NEM Newmont Corp. 0.05% 7,000 $590K No change
V Visa Inc. Class A 0.05% 1,700 $580K No change
COHR Coherent Corp. 0.05% 5,308 $572K No change
DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC 0.05% 16,090 $570K Reduce -29.1%
GE General Electric filed as GE AEROSPACE 0.05% 1,890 $569K No change
MMM 3M Co. 0.05% 3,615 $560K No change
IXG iShares Global Financials Et 0.05% 4,700 $548K No change
SCHW Schwab (charles) Corp. 0.05% 5,670 $541K No change
PBA Pembina Pipeline Corp. 0.04% 12,750 $515K No change
URNM Sprott Uranium Miners ETF 0.04% 8,500 $513K No change
QCOM Qualcomm Inc. 0.04% 3,000 $499K No change
WMT Walmart Inc. 0.04% 4,500 $464K No change
VWO Vanguard Ftse Emerging Marke 0.04% 8,020 $434K No change
XOM Exxon Mobil Corp. 0.04% 3,789 $428K No change
SCHH Schwab US REIT ETF 0.04% 19,850 $428K No change
AMD Advanced Micro Devices 0.04% 2,615 $423K Add +4.3%
GDXJ Vaneck Junior Gold Miners 0.04% 4,229 $419K Add +113.9%
JNJ Johnson & Johnson 0.04% 2,230 $413K No change
WMB Williams Cos Inc. 0.04% 6,473 $410K No change
APH Amphenol Corp. Class A 0.04% 5,787 $408K Add +0.4%
MNTK Montauk Renewables Inc. 0.03% 197,859 $400K No change
NBIS Nebius Group NV 0.03% 7,787 $397K New
IONQ Ionq Inc. 0.03% 6,372 $392K Add +202.0%
SIRI Sirius XM Holdings Inc. 0.03% 16,717 $389K Reduce -8.7%
MTUM iShares MSCI USA Momentum Fa 0.03% 1,502 $385K No change
PFE Pfizer Inc. 0.03% 15,000 $383K No change
TSLA Tesla Inc. 0.03% 838 $373K Reduce -41.9%

Show all 314 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $0 (not counted above)
SecurityClassShares / PrincipalValueChange
VAL.WS Valaris Ltd. -CW28 *W EXP 04/29/202 109$0No change

Portfolio Sells Q2 2025 → Q3 2025
GSK GSK PLC-Spon ADR Reduce -2.7% 54.03% −0.86
TSM Taiwan Semiconductor-SP ADR Reduce -30.7% 1.01% −0.30
JPM JPMorgan Chase & Co. Reduce -2.0% 6.54% −0.28
COF Capital One Financial Corp. Reduce -14.7% 0.46% −0.14
RSP Invesco S&P 500 Equal Weight Sold out 0.00% −0.05
AAPL Apple Inc. Reduce -12.4% 1.69% −0.04
CVX Chevron Corp. Reduce -85.0% 0.01% −0.04
SPY SS SPDR S&P 500 ETF Trust-US Reduce -1.1% 0.79% −0.03
IAU iShares Gold Trust Reduce -29.1% 0.08% −0.03
EQX Equinox Gold Corp. Reduce -82.1% 0.01% −0.03
DJP Ipath Bloomberg Commodity Inc. Reduce -29.1% 0.05% −0.02
QQQ Invesco QQQ Trust Series 1 Reduce -0.7% 0.68% −0.02
TQQQ Proshares Ultrapro QQQ Sold out 0.00% −0.02
TSLA Tesla Inc. Reduce -41.9% 0.03% −0.01
SAND Sandstorm Gold Ltd. Sold out 0.00% −0.01
SNREY Sunrise Communicat Class A Reduce -2.5% 0.10% −0.01
HIMX Himax Technologies Inc.-ADR Sold out 0.00% −0.01
CP Canadian Pacific Kansas City Reduce -34.2% 0.01% −0.01
SIRI Sirius XM Holdings Inc. Reduce -8.7% 0.03% −0.01
SWTX Springworks Therapeutics Inc. Sold out 0.00% −0.01
GS Goldman Sachs Group Inc. Sold out 0.00% −0.01
GREK Global X MSCI Greece ETF Sold out 0.00% −0.00
UNH Unitedhealth Group Inc. Sold out 0.00% −0.00
BHK BlackRock Core Bond Trust Reduce -50.0% 0.00% −0.00
GLIBK Liberty Capital Corp. Class C Reduce -35.7% 0.00% −0.00
PATH Uipath Inc. Class A Sold out 0.00% −0.00
LLYVK Liberty Media Corp.-Liberty-C Reduce -12.0% 0.03% −0.00
COLO Global X MSCI Colombia ETF Sold out 0.00% −0.00
XLRE SS Real Estate Select Sector Sold out 0.00% −0.00
FANG Diamondback Energy Inc. Reduce -50.0% 0.00% −0.00
KD Kyndryl Holdings Inc. Sold out 0.00% 0.00
BIDU Baidu Inc. - Spon ADR Reduce -18.9% 0.06% +0.01
NIO Nio Inc. - ADR Reduce -11.8% 0.02% +0.01
NVDA Nvidia Corp. Reduce -5.3% 1.29% +0.01
BABA Alibaba Group Holding-SP ADR Reduce -4.3% 0.19% +0.05
GOOG Alphabet Inc. Class C Reduce -5.1% 0.84% +0.12

Portfolio Buys Q2 2025 → Q3 2025
GOOGL Alphabet Inc. Class A Add +125.5% 2.10% +1.35
SPMO Invesco S&P 500 Momentum ETF New 0.86% +0.86
BRK.B Berkshire Hathaway Inc. Class B New 0.46% +0.46
HLN Haleon PLC-ADR Add +120.7% 0.55% +0.23
NBIS Nebius Group NV New 0.03% +0.03
ETHA iShares Ethereum Trust ETF New 0.03% +0.03
XOVR Ershares Private-Public Cros New 0.03% +0.03
B Barrick Mining Corp. Add +29.5% 0.06% +0.03
IONQ Ionq Inc. Add +202.0% 0.03% +0.02
GDXJ Vaneck Junior Gold Miners Add +113.9% 0.04% +0.02
ORCL Oracle Corp. Add +0.1% 0.15% +0.02
RERE Atrenew Inc. Add +448.9% 0.02% +0.02
RGTI Rigetti Computing Inc. Add +16.1% 0.03% +0.02
RCI Rogers Communications Inc. Class B Add +1.1% 0.31% +0.02
AVGO Broadcom Inc. New 0.02% +0.02
GLXY Galaxy Digital Inc. Class A New 0.01% +0.01
HSAI Hesai Group Add +72.9% 0.03% +0.01
CIFR Cipher Digital Inc. New 0.01% +0.01
SOUN Soundhound AI Inc. Class A Add +273.3% 0.02% +0.01
ADPT Adaptive Biotechnologies Add +129.7% 0.02% +0.01
IREN Iren Ltd. New 0.01% +0.01
CLSK Cleanspark Inc. New 0.01% +0.01
RIOT Riot Platforms Inc. New 0.01% +0.01
TEVA Teva Pharmaceutical-SP ADR New 0.01% +0.01
RXRX Recursion Pharmaceuticals-A Add +498.5% 0.01% +0.00
PRCT Procept Biorobotics Corp. New 0.00% +0.00
AMD Advanced Micro Devices Add +4.3% 0.04% +0.00
XLK SS Technology Select Sector New 0.00% +0.00
COIN Coinbase Global Inc. Class A Add +33.9% 0.01% +0.00
ALMU Aeluma Inc. New 0.00% +0.00
QSI Quantum-Si Inc. Add +158.9% 0.00% +0.00
RTX RTX Corp. Add +0.2% 0.02% +0.00
HD Home Depot Inc. Add +1.1% 0.02% +0.00
APH Amphenol Corp. Class A Add +0.4% 0.04% −0.00
MSFT Microsoft Corp. Add +5.2% 0.28% −0.00
CARR Carrier Global Corp. Add +0.3% 0.02% −0.01
INDA iShares MSCI India ETF Add +6.8% 0.13% −0.02
NFLX Netflix Inc. Add +3.0% 0.11% −0.02
LBRDK Liberty Broadband-C Add +25.9% 0.07% −0.03
META Meta Platforms Inc. Class A Add +0.5% 0.26% −0.03
DIS The Walt Disney Co. Add +0.0% 0.19% −0.04
AMZN Amazon.com Inc. Add +0.8% 0.84% −0.09

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