JTC Employer Solutions Trustee Ltd

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 19, 2026), JTC Employer Solutions Trustee Ltd reported 307 stock positions worth $1.2 billion. Its top holding was GSK PLC-Spon ADR (GSK) at 41.7% of the portfolio, followed by Alphabet Class A (GOOGL, 11.9%) and JPMorgan Chase (JPM, 5.9%). Compared with Q4 2025, it opened 6 new positions, sold out of 13, added to 17 and reduced 37. The biggest buy was Haleon PLC-ADR (HLN, shares +470%) and the biggest sale GSK PLC-Spon ADR (GSK, shares −37%).

Most Recent 13F
Q2 2026
Location
ST HELIER, Y9
CIK
0001875645
Portfolio Value
$1.2B (Q1 2026)
SEC Filing
0001875645-26-000004 ↗ filed May 19, 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 Q4 2025 Q1 2026: $1.2B $1.2B Q1 2026 Q2 2026: $1.2B Q2 2026

Holdings 307 stocks · $1.2B
GSK GSK PLC-Spon ADR 41.69% 9,042,389 $498.9M Reduce -37.3%
GOOGL Alphabet Inc. Class A 11.90% 495,326 $142.4M Reduce -9.7%
JPM JPMorgan Chase & Co. 5.88% 239,030 $70.3M Add +0.1%
UNP Union Pacific Corp. 4.22% 207,900 $50.4M No change
MA Mastercard Inc. Class A 3.17% 75,954 $38.0M No change
CNQ Canadian Natural Resources 2.18% 537,646 $26.1M Reduce -12.6%
GOOG Alphabet Inc. Class C 2.06% 86,099 $24.7M Reduce -0.0%
C Citigroup Inc. 1.59% 167,803 $19.0M Reduce -4.5%
AAPL Apple Inc. 1.59% 74,978 $19.0M Reduce -0.2%
HLN Haleon PLC-ADR 1.35% 1,610,721 $16.1M Add +470.2%
COST Costco Wholesale Corp. 1.29% 15,477 $15.4M No change
SPMO Invesco S&P 500 Momentum ETF 1.24% 126,800 $14.9M No change
TSM Taiwan Semiconductor-SP ADR 1.20% 42,368 $14.3M No change
NVDA Nvidia Corp. 1.16% 79,698 $13.9M Reduce -0.1%
AIG American International Group 1.07% 171,000 $12.9M No change
USHY iShares Broad Usd High Yield 0.96% 310,219 $11.4M No change
GSL Global Ship Lease Inc. Class A 0.91% 293,258 $10.9M Reduce -19.3%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.91% 223,005 $10.9M Reduce -7.8%
AMZN Amazon.com Inc. 0.78% 44,672 $9.3M No change
SPY SS SPDR S&P 500 ETF Trust-US 0.75% 13,834 $9.0M No change
AXP American Express Co. 0.57% 22,500 $6.8M No change
TD Toronto-Dominion Bank 0.56% 71,315 $6.6M No change
BRK.A Berkshire Hathaway Inc. Class A 0.54% 9 $6.5M No change
SYF Synchrony Financial 0.43% 75,000 $5.1M No change
VOO Vanguard S&P 500 ETF 0.40% 8,055 $4.8M No change
CBRE CBRE Group Inc. Class A 0.40% 35,000 $4.7M No change
GLD SPDR Gold Shares 0.39% 10,953 $4.7M No change
COF Capital One Financial Corp. 0.38% 25,000 $4.6M No change
EWJ iShares MSCI Japan ETF 0.34% 48,837 $4.1M No change
BRK.B Berkshire Hathaway Inc. Class B 0.34% 8,599 $4.1M No change
RCI Rogers Communications Inc. Class B 0.34% 107,208 $4.1M Add +1.0%
QQQ Invesco QQQ Trust Series 1 0.34% 7,077 $4.1M Reduce -44.3%
GLW Corning Inc. 0.34% 30,000 $4.1M Reduce -25.0%
PLAB Photronics Inc. 0.33% 191,856 $3.9M No change
SCHP Schwab U.S. Tips ETF 0.32% 141,964 $3.8M No change
FCX Freeport-McMoran Inc. 0.29% 60,000 $3.5M No change
CX Cemex Sab-Spons ADR Part Cer 0.29% 301,972 $3.5M No change
DIA SS SPDR Dow Jones Indus Avg filed as STATE STR SPDR DOW JONES IND 0.27% 6,868 $3.2M No change
IVV iShares Core S&P 500 ETF 0.25% 4,537 $3.0M Reduce -35.4%
MSFT Microsoft Corp. 0.20% 6,385 $2.4M Add +0.6%
AA Alcoa Corp. 0.20% 35,355 $2.3M Reduce -0.2%
META Meta Platforms Inc. Class A 0.20% 4,080 $2.3M No change
IBIT iShares Bitcoin Trust ETF 0.18% 57,216 $2.2M Add +1.1%
ARKK ARK Innovation ETF 0.18% 32,152 $2.2M No change
AAL American Airlines Group Inc. 0.17% 184,687 $2.0M No change
DIS The Walt Disney Co. filed as DISNEY WALT CO 0.15% 19,156 $1.8M Add +0.0%
BABA Alibaba Group Holding-SP ADR 0.15% 14,217 $1.8M No change
RY Royal Bank of Canada 0.13% 9,565 $1.5M Add +0.8%
INDA iShares MSCI India ETF 0.13% 32,816 $1.5M Add +9.7%
VGT Vanguard Info Tech ETF 0.12% 2,028 $1.4M No change
COHR Coherent Corp. 0.11% 5,308 $1.3M No change
HPE Hewlett Packard Enterprise 0.10% 56,577 $1.2M No change
CNI Canadian Natl Railway Co. 0.10% 11,700 $1.2M No change
PLTR Palantir Technologies Inc. Class A 0.10% 8,099 $1.2M No change
IAU iShares Gold Trust 0.09% 12,632 $1.1M No change
MCD McDonald's Corp. 0.09% 3,540 $1.1M No change
MBI Mbia Inc. 0.09% 180,000 $1.1M No change
NFLX Netflix Inc. 0.09% 10,930 $1.1M No change
VT Vanguard Tot World STK ETF 0.09% 7,500 $1.0M No change
DAL Delta Air Lines Inc. 0.08% 15,000 $998K No change
SPLV Invesco S&P 500 Low Volatili 0.08% 13,000 $951K No change
KWEB Kranesh Csi China Internet 0.08% 32,083 $913K No change
PYPL PayPal Holdings Inc. 0.08% 20,000 $905K No change
DE Deere & Co. 0.07% 1,585 $893K No change
IWF iShares Russell 1000 Growth 0.07% 2,016 $860K No change
CSCO Cisco Systems Inc. 0.07% 10,753 $834K No change
B Barrick Mining Corp. 0.07% 19,975 $816K No change
XLV SS Health Care Select Sector 0.07% 5,400 $792K No change
DJP Ipath Bloomberg Commodity Inc. filed as BARCLAYS BANK PLC 0.06% 16,090 $774K No change
ORCL Oracle Corp. 0.06% 5,234 $769K Reduce -4.5%
NEM Newmont Corp. 0.06% 7,000 $757K No change
SLG SL Green Realty Corp. 0.06% 20,397 $753K No change
NBIS Nebius Group NV 0.06% 14,187 $723K No change
IGV iShares Expanded Tech-Softwa 0.06% 9,011 $721K No change
LBRDK Liberty Broadband-C 0.05% 13,005 $654K No change
KKR KKR & Co. Inc. 0.05% 6,657 $617K No change
BIDU Baidu Inc. - Spon ADR 0.05% 5,401 $601K No change
BMNR Bitmine Immersion Technologi 0.05% 10,800 $600K Add +100.0%
DELL Dell Technologies -C 0.05% 3,548 $582K No change
PBA Pembina Pipeline Corp. 0.05% 12,750 $569K No change
WMT Walmart Inc. 0.05% 4,500 $559K No change
JNJ Johnson & Johnson 0.05% 2,230 $545K No change
IXG iShares Global Financials Et 0.04% 4,700 $536K No change
URNM Sprott Uranium Miners ETF 0.04% 8,500 $536K No change
SCHW Schwab (charles) Corp. 0.04% 5,670 $533K No change
AMD Advanced Micro Devices 0.04% 2,615 $532K Reduce -43.3%
GE General Electric filed as GE AEROSPACE 0.04% 1,850 $524K Reduce -2.1%
V Visa Inc. Class A 0.04% 1,700 $514K No change
MMM 3M Co. 0.04% 3,535 $513K Reduce -2.2%
SPHR Sphere Entertainment Co. 0.04% 4,300 $505K No change
ETH Grayscale Ethereum Staking M 0.04% 25,000 $497K No change
WMB Williams Cos Inc. 0.04% 6,473 $471K No change
AAAU Goldman Sachs Physical Gold 0.04% 9,823 $454K Reduce -44.9%
MRK Merck & Co. Inc. 0.04% 3,729 $449K No change
SIL Global X Silver Miners ETF 0.04% 6,000 $439K No change
VWO Vanguard Ftse Emerging Marke 0.04% 8,020 $433K No change
SLB SLB Ltd. filed as SLB LIMITED 0.04% 8,300 $427K No change
SCHH Schwab US REIT ETF 0.04% 19,850 $427K No change
PFE Pfizer Inc. 0.04% 15,000 $421K No change
GDXJ Vaneck Junior Gold Miners 0.03% 3,452 $414K No change

Show all 307 holdings

Other holdings (1): bonds, preferreds, convertibles and warrants · $2K (not counted above)
SecurityClassShares / PrincipalValueChange
VAL.WS Valaris Ltd. -CW28 *W EXP 04/29/202 109$2KNo change

Total filed on the 13F, all lines: $1.2B.

Portfolio Sells Q4 2025 → Q1 2026
GSK GSK PLC-Spon ADR Reduce -37.3% 41.69% −6.36
XBI SS SPDR S&P Biotech ETF Reduce -98.2% 0.02% −0.69
NTRA Natera Inc. Sold out 0.00% −0.34
COGT Cogent Biosciences Inc. Sold out 0.00% −0.20
NAMS Newamsterdam Pharma Co. NV Sold out 0.00% −0.20
QQQ Invesco QQQ Trust Series 1 Reduce -44.3% 0.34% −0.19
IVV iShares Core S&P 500 ETF Reduce -35.4% 0.25% −0.08
AMD Advanced Micro Devices Reduce -43.3% 0.04% −0.02
PSLV Sprott Physical Silver Trust Sold out 0.00% −0.02
AAAU Goldman Sachs Physical Gold Reduce -44.9% 0.04% −0.01
ORCL Oracle Corp. Reduce -4.5% 0.06% −0.01
SLVP iShares MSCI Global Silver A Reduce -44.1% 0.02% −0.01
ADPT Adaptive Biotechnologies Reduce -52.0% 0.01% −0.01
LI Li Auto Inc. - ADR Sold out 0.00% −0.01
XEFRX Eaton Vance Sr FLTG Rate TR Sold out 0.00% −0.01
SLV iShares Silver Trust Reduce -51.7% 0.01% −0.01
TEVA Teva Pharmaceutical-SP ADR Reduce -70.0% 0.00% −0.00
SILJ Amplify Junior Silver Miners Sold out 0.00% −0.00
NKE Nike Inc. Class B Reduce -17.2% 0.02% −0.00
BHK BlackRock Core Bond Trust Sold out 0.00% −0.00
SONY Sony Group Corp. - SP ADR Reduce -19.2% 0.01% −0.00
GEHC GE Healthcare Technology Reduce -38.3% 0.00% −0.00
IBM Intl Business Machines Corp. Reduce -21.3% 0.00% −0.00
INTC Intel Corp. Sold out 0.00% −0.00
FSLR First Solar Inc. Sold out 0.00% −0.00
BP BP PLC-Spons ADR Sold out 0.00% −0.00
VOD Vodafone Group PLC-SP ADR Sold out 0.00% −0.00
SOLV Solventum Corp. Reduce -2.2% 0.00% 0.00
LILA Liberty Latin Americ Class A Sold out 0.00% 0.00
SF Stifel Financial Corp. Reduce -0.1% 0.00% +0.00
PG The Procter & Gamble Co. Reduce -11.6% 0.01% +0.00
WAB Wabtec Corp. Reduce -1.0% 0.00% +0.00
VZ Verizon Communications Inc. Reduce -13.9% 0.00% +0.00
XOM Exxon Mobil Corp. Reduce -13.9% 0.00% +0.00
CAT Caterpillar Inc. Reduce -28.9% 0.02% +0.00
HWM Howmet Aerospace Inc. Reduce -18.8% 0.02% +0.00
MMM 3M Co. Reduce -2.2% 0.04% +0.00
LILAK Liberty Latin Americ Class C Reduce -0.0% 0.01% +0.00
GE General Electric Reduce -2.1% 0.04% +0.00
BAC Bank of America Corp. Reduce -7.8% 0.91% +0.01
GEV GE Vernova Inc. Reduce -2.4% 0.03% +0.01
GSL Global Ship Lease Inc. Class A Reduce -19.3% 0.91% +0.05
AA Alcoa Corp. Reduce -0.2% 0.20% +0.07
GLW Corning Inc. Reduce -25.0% 0.34% +0.10
NVDA Nvidia Corp. Reduce -0.1% 1.16% +0.15
C Citigroup Inc. Reduce -4.5% 1.59% +0.20
AAPL Apple Inc. Reduce -0.2% 1.59% +0.20
GOOG Alphabet Inc. Class C Reduce -0.0% 2.06% +0.23
GOOGL Alphabet Inc. Class A Reduce -9.7% 11.90% +0.24
CNQ Canadian Natural Resources Reduce -12.6% 2.18% +0.77

Portfolio Buys Q4 2025 → Q1 2026
HLN Haleon PLC-ADR Add +470.2% 1.35% +1.15
JPM JPMorgan Chase & Co. Add +0.1% 5.88% +0.65
RCI Rogers Communications Inc. Class B Add +1.0% 0.34% +0.07
BMNR Bitmine Immersion Technologi Add +100.0% 0.05% +0.03
RY Royal Bank of Canada Add +0.8% 0.13% +0.02
INDA iShares MSCI India ETF Add +9.7% 0.13% +0.02
MOO Vaneck Agribusiness ETF Add +88.8% 0.02% +0.02
FCG First Trust Natural Gas ETF New 0.01% +0.01
IWM iShares Russell 2000 ETF Add +101.3% 0.02% +0.01
TSLA Tesla Inc. Add +28.3% 0.03% +0.01
APH Amphenol Corp. Class A Add +0.2% 0.03% +0.01
DIS The Walt Disney Co. Add +0.0% 0.15% +0.01
RTX RTX Corp. Add +0.2% 0.03% +0.01
IONQ Ionq Inc. Add +62.8% 0.03% +0.01
CARR Carrier Global Corp. Add +0.4% 0.02% +0.00
UFO Procure Space ETF New 0.00% +0.00
LUNR Intuitive Machines Inc. New 0.00% +0.00
COWZ Pacer US Cash Cows 100 ETF New 0.00% +0.00
ECHO Echostar Corp. Class A New 0.00% +0.00
HD Home Depot Inc. Add +0.7% 0.02% +0.00
WAT Waters Corp. New 0.00% +0.00
IBIT iShares Bitcoin Trust ETF Add +1.1% 0.18% −0.01
MSFT Microsoft Corp. Add +0.6% 0.20% −0.01

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