JTC Employer Solutions Trustee Ltd

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), JTC Employer Solutions Trustee Ltd reported 314 stock positions worth $1.5 billion. Its top holding was GSK PLC-Spon ADR (GSK) at 48.0% of the portfolio, followed by Alphabet Class A (GOOGL, 11.7%) and JPMorgan Chase (JPM, 5.2%). Compared with Q3 2025, it opened 13 new positions, sold out of 13, added to 17 and reduced 17. The biggest buy was Alphabet Class A (GOOGL, shares +444%) 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 (Q4 2025)
SEC Filing
0001875645-26-000001 ↗ filed Feb 10, 2026

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 Q3 2025 Q4 2025: $1.5B $1.5B Q4 2025 Q1 2026: $1.2B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 314 stocks · $1.5B
GSK GSK PLC-Spon ADR 48.05% 14,428,009 $707.7M Reduce -1.2%
GOOGL Alphabet Inc. Class A 11.66% 548,629 $171.7M Add +444.4%
JPM JPMorgan Chase & Co. 5.23% 238,816 $77.0M Reduce -1.2%
UNP Union Pacific Corp. 3.27% 207,900 $48.1M No change
MA Mastercard Inc. Class A 2.94% 75,954 $43.4M Add +235.8%
GOOG Alphabet Inc. Class C 1.83% 86,111 $27.0M Add +114.7%
CNQ Canadian Natural Resources 1.42% 615,035 $20.9M Add +15275.9%
C Citigroup Inc. 1.39% 175,783 $20.5M No change
AAPL Apple Inc. 1.39% 75,099 $20.4M Reduce -2.7%
NVDA Nvidia Corp. 1.01% 79,808 $14.9M Reduce -1.2%
SPMO Invesco S&P 500 Momentum ETF 1.01% 126,800 $14.9M Add +48.3%
AIG American International Group 0.99% 171,000 $14.6M No change
COST Costco Wholesale Corp. 0.91% 15,477 $13.3M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.90% 241,805 $13.3M No change
TSM Taiwan Semiconductor-SP ADR 0.87% 42,368 $12.9M No change
GSL Global Ship Lease Inc. Class A 0.86% 363,258 $12.7M No change
USHY iShares Broad Usd High Yield 0.79% 310,219 $11.6M No change
XBI SS SPDR S&P Biotech ETF 0.70% 84,745 $10.3M Add +5367.4%
AMZN Amazon.com Inc. 0.70% 44,672 $10.3M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.64% 13,834 $9.4M No change
AXP American Express Co. 0.57% 22,500 $8.3M No change
QQQ Invesco QQQ Trust Series 1 0.53% 12,705 $7.8M Reduce -3.2%
BRK.A Berkshire Hathaway Inc. Class A 0.46% 9 $6.8M No change
TD Toronto-Dominion Bank 0.46% 71,315 $6.7M No change
SYF Synchrony Financial 0.42% 75,000 $6.3M No change
COF Capital One Financial Corp. 0.41% 25,000 $6.1M No change
CBRE CBRE Group Inc. Class A 0.38% 35,000 $5.6M No change
VOO Vanguard S&P 500 ETF 0.34% 8,055 $5.1M No change
NTRA Natera Inc. 0.34% 20,900 $5.0M New
IVV iShares Core S&P 500 ETF 0.33% 7,026 $4.8M No change
GLD SPDR Gold Shares 0.29% 10,953 $4.3M No change
BRK.B Berkshire Hathaway Inc. Class B 0.29% 8,599 $4.3M Reduce -18.9%
RCI Rogers Communications Inc. Class B 0.27% 106,183 $4.0M Add +1.0%
EWJ iShares MSCI Japan ETF 0.27% 48,837 $3.9M No change
PLAB Photronics Inc. 0.26% 191,856 $3.9M No change
SCHP Schwab U.S. Tips ETF 0.26% 141,964 $3.8M No change
GLW Corning Inc. 0.24% 40,000 $3.5M No change
CX Cemex Sab-Spons ADR Part Cer 0.24% 301,972 $3.5M No change
DIA SS SPDR Dow Jones Indus Avg filed as SPDR DOW JONES INDL AVERAGE 0.22% 6,868 $3.3M No change
MSFT Microsoft Corp. 0.21% 6,345 $3.1M No change
FCX Freeport-McMoran Inc. 0.21% 60,000 $3.0M No change
COGT Cogent Biosciences Inc. 0.20% 78,400 $3.0M New
NAMS Newamsterdam Pharma Co. NV 0.20% 75,500 $3.0M New
HLN Haleon PLC-ADR 0.19% 282,504 $2.9M Reduce -60.3%
AAL American Airlines Group Inc. 0.19% 184,687 $2.8M No change
IBIT iShares Bitcoin Trust ETF 0.19% 56,616 $2.8M Reduce -86.4%
META Meta Platforms Inc. Class A 0.18% 4,080 $2.7M No change
ARKK ARK Innovation ETF 0.17% 32,152 $2.5M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.15% 19,150 $2.2M No change
BABA Alibaba Group Holding-SP ADR 0.14% 14,217 $2.1M Add +12.8%
AA Alcoa Corp. 0.13% 35,437 $1.9M No change
RY Royal Bank of Canada 0.11% 9,484 $1.6M Add +511.9%
INDA iShares MSCI India ETF 0.11% 29,904 $1.6M No change
VGT Vanguard Info Tech ETF 0.10% 2,028 $1.5M No change
PLTR Palantir Technologies Inc. Class A 0.10% 8,099 $1.4M No change
MBI Mbia Inc. 0.09% 180,000 $1.3M No change
HPE Hewlett Packard Enterprise 0.08% 56,577 $1.2M New
PYPL PayPal Holdings Inc. 0.08% 20,000 $1.2M Reduce -11.4%
CNI Canadian Natl Railway Co. 0.08% 11,700 $1.2M No change
KWEB Kranesh Csi China Internet 0.07% 32,083 $1.1M Add +57.7%
MCD McDonald's Corp. 0.07% 3,540 $1.1M No change
ORCL Oracle Corp. 0.07% 5,479 $1.1M Reduce -13.5%
VT Vanguard Tot World STK ETF 0.07% 7,500 $1.1M No change
DAL Delta Air Lines Inc. 0.07% 15,000 $1.0M No change
IAU iShares Gold Trust 0.07% 12,632 $1.0M No change
NFLX Netflix Inc. 0.07% 10,930 $1.0M No change
AMD Advanced Micro Devices 0.07% 4,615 $988K Add +76.5%
COHR Coherent Corp. 0.07% 5,308 $979K No change
IWF iShares Russell 1000 Growth 0.06% 2,016 $954K No change
IGV iShares Expanded Tech-Softwa 0.06% 9,011 $953K No change
SLG SL Green Realty Corp. 0.06% 20,397 $936K No change
SPLV Invesco S&P 500 Low Volatili 0.06% 13,000 $929K No change
B Barrick Mining Corp. 0.06% 19,975 $870K No change
KKR KKR & Co. Inc. 0.06% 6,657 $848K No change
XLV SS Health Care Select Sector 0.06% 5,400 $836K No change
CSCO Cisco Systems Inc. 0.06% 10,753 $829K No change
AAAU Goldman Sachs Physical Gold 0.05% 17,823 $758K No change
DE Deere & Co. 0.05% 1,585 $738K No change
NBIS Nebius Group NV 0.05% 14,187 $723K Add +82.2%
BIDU Baidu Inc. - Spon ADR 0.05% 5,401 $706K No change
ETH Grayscale Ethereum Staking M 0.05% 25,000 $701K No change
NEM Newmont Corp. 0.05% 7,000 $699K No change
LBRDK Liberty Broadband-C 0.04% 13,005 $632K No change
DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC 0.04% 16,090 $605K No change
V Visa Inc. Class A 0.04% 1,700 $596K No change
GE General Electric filed as GE AEROSPACE 0.04% 1,890 $583K No change
MMM 3M Co. 0.04% 3,615 $579K No change
IXG iShares Global Financials Et 0.04% 4,700 $568K No change
RGTI Rigetti Computing Inc. 0.04% 25,605 $568K Add +120.6%
SCHW Schwab (charles) Corp. 0.04% 5,670 $567K No change
QCOM Qualcomm Inc. 0.03% 3,000 $513K No change
WMT Walmart Inc. 0.03% 4,500 $501K No change
PBA Pembina Pipeline Corp. 0.03% 12,750 $487K No change
URNM Sprott Uranium Miners ETF 0.03% 8,500 $468K No change
JNJ Johnson & Johnson 0.03% 2,230 $461K No change
DELL Dell Technologies -C 0.03% 3,548 $446K Add +1131.9%
SIL Global X Silver Miners ETF 0.03% 6,000 $439K New
VWO Vanguard Ftse Emerging Marke 0.03% 8,020 $432K No change
SCHH Schwab US REIT ETF 0.03% 19,850 $414K No change
SPHR Sphere Entertainment Co. 0.03% 4,300 $409K No change

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 Q3 2025 → Q4 2025
GSK GSK PLC-Spon ADR Reduce -1.2% 48.05% −5.99
IBIT iShares Bitcoin Trust ETF Reduce -86.4% 0.19% −2.13
JPM JPMorgan Chase & Co. Reduce -1.2% 5.23% −1.32
HLN Haleon PLC-ADR Reduce -60.3% 0.19% −0.35
AAPL Apple Inc. Reduce -2.7% 1.39% −0.30
NVDA Nvidia Corp. Reduce -1.2% 1.01% −0.28
BRK.B Berkshire Hathaway Inc. Class B Reduce -18.9% 0.29% −0.16
QQQ Invesco QQQ Trust Series 1 Reduce -3.2% 0.53% −0.15
SNREY Sunrise Communicat Class A Sold out 0.00% −0.10
ORCL Oracle Corp. Reduce -13.5% 0.07% −0.08
PYPL PayPal Holdings Inc. Reduce -11.4% 0.08% −0.05
XOM Exxon Mobil Corp. Reduce -89.8% 0.00% −0.03
LLYVK Liberty Media Corp.-Liberty-C Sold out 0.00% −0.03
GDX Vaneck Gold Miners ETF Reduce -50.5% 0.01% −0.01
CPNG Coupang Inc. Sold out 0.00% −0.01
GLPI Gaming and Leisure Propertie Sold out 0.00% −0.01
INTC Intel Corp. Reduce -92.5% 0.00% −0.01
GDXJ Vaneck Junior Gold Miners Reduce -18.4% 0.03% −0.01
STWD Starwood Property Trust Inc. Sold out 0.00% −0.01
SILJ Amplify Junior Silver Miners Reduce -60.0% 0.00% −0.01
EQX Equinox Gold Corp. Reduce -50.0% 0.01% −0.01
GSBD Goldman Sachs BDC Inc. Sold out 0.00% −0.01
GLIBK Liberty Capital Corp. Class C Sold out 0.00% −0.00
NNE Nano Nuclear Energy Inc. Sold out 0.00% −0.00
DNN Denison Mines Corp. Sold out 0.00% −0.00
EXAS Exact Sciences Corp. Sold out 0.00% −0.00
NTR Nutrien Ltd. Sold out 0.00% −0.00
T AT&T Inc. Sold out 0.00% −0.00
GLIBA Liberty Capital Corp. Sold out 0.00% −0.00
XLK SS Technology Select Sector Reduce -50.0% 0.00% −0.00

Portfolio Buys Q3 2025 → Q4 2025
GOOGL Alphabet Inc. Class A Add +444.4% 11.66% +9.56
MA Mastercard Inc. Class A Add +235.8% 2.94% +1.84
CNQ Canadian Natural Resources Add +15275.9% 1.42% +1.41
GOOG Alphabet Inc. Class C Add +114.7% 1.83% +1.00
XBI SS SPDR S&P Biotech ETF Add +5367.4% 0.70% +0.69
NTRA Natera Inc. New 0.34% +0.34
COGT Cogent Biosciences Inc. New 0.20% +0.20
NAMS Newamsterdam Pharma Co. NV New 0.20% +0.20
SPMO Invesco S&P 500 Momentum ETF Add +48.3% 1.01% +0.15
RY Royal Bank of Canada Add +511.9% 0.11% +0.09
HPE Hewlett Packard Enterprise New 0.08% +0.08
AMD Advanced Micro Devices Add +76.5% 0.07% +0.03
SIL Global X Silver Miners ETF New 0.03% +0.03
DELL Dell Technologies -C Add +1131.9% 0.03% +0.03
BMNR Bitmine Immersion Technologi New 0.02% +0.02
NBIS Nebius Group NV Add +82.2% 0.05% +0.01
ORBS Eightco Holdings Inc. New 0.01% +0.01
ARTY iShares Future AI & Tech ETF New 0.01% +0.01
ISRG Intuitive Surgical Inc. New 0.01% +0.01
PL Planet Labs PBC New 0.01% +0.01
RKLB Rocket Lab Corp. New 0.01% +0.01
RGTI Rigetti Computing Inc. Add +120.6% 0.04% +0.01
LMND Lemonade Inc. New 0.01% +0.01
CNX CNX Resources Corp. New 0.01% +0.01
KWEB Kranesh Csi China Internet Add +57.7% 0.07% +0.00
BMO Bank of Montreal Add +7.0% 0.01% −0.00
CARR Carrier Global Corp. Add +0.1% 0.01% −0.01
HD Home Depot Inc. Add +0.4% 0.01% −0.01
RCI Rogers Communications Inc. Class B Add +1.0% 0.27% −0.04
BABA Alibaba Group Holding-SP ADR Add +12.8% 0.14% −0.05

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