# JTC Employer Solutions Trustee Ltd

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1875645. Source: https://holderbook.com/funds/1875645-jtc-employer-solutions-trustee-ltd/

- Reported value: $1.2B
- Positions: 313
- Weight of the ten largest: 73.8%
- Filed: 2026-07-31

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $450.3M | 8,592,987 | 36.1% | 16 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $176.9M | 495,262 | 14.2% | 21 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $78.2M | 239,030 | 6.3% | 21 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $56.5M | 207,900 | 4.5% | 21 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $39.0M | 75,954 | 3.1% | 21 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $29.2M | 82,607 | 2.3% | 21 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $23.5M | 167,803 | 1.9% | 21 |
| INVESCO EXCH TRADED FD TR II | [SPMO](https://holderbook.com/stocks/SPMO/) | $22.7M | 193,800 | 1.8% | 4 |
| CANADIAN NAT RES LTD MED TER | [CNQ](https://holderbook.com/stocks/CNQ/) | $22.1M | 560,420 | 1.8% | 21 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $21.6M | 74,641 | 1.7% | 21 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $20.2M | 42,368 | 1.6% | 14 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $19.2M | 96,108 | 1.5% | 21 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $14.5M | 15,477 | 1.2% | 21 |
| INVESCO QQQ TR | [QQQ](https://holderbook.com/stocks/QQQ/) | $13.1M | 17,805 | 1.1% | 21 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $12.7M | 171,000 | 1.0% | 21 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $12.7M | 53,474 | 1.0% | 21 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $12.1M | 213,000 | 1.0% | 21 |
| ISHARES TR | [USHY](https://holderbook.com/stocks/USHY/) | $11.5M | 310,219 | 0.9% | 12 |
| GLOBAL SHIP LEASE INC | [GSL](https://holderbook.com/stocks/GSL/) | $11.0M | 293,258 | 0.9% | 20 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $10.2M | 13,732 | 0.8% | 21 |
| HALEON PLC | [HLN](https://holderbook.com/stocks/HLN/) | $9.8M | 1,050,907 | 0.8% | 16 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $7.7M | 30,000 | 0.6% | 20 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $7.6M | 22,500 | 0.6% | 20 |
| TORONTO DOMINION BK ONT | [TD](https://holderbook.com/stocks/TD/) | $7.0M | 58,079 | 0.6% | 21 |
| BERKSHIRE HATHAWAY INC DEL | [BRKA](https://holderbook.com/stocks/BRKA/) | $6.8M | 9 | 0.5% | 21 |
| SYNCHRONY FINANCIAL | [SYF](https://holderbook.com/stocks/SYF/) | $5.7M | 75,000 | 0.5% | 15 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $5.5M | 8,055 | 0.4% | 21 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $5.3M | 10,621 | 0.4% | 4 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $5.0M | 25,000 | 0.4% | 20 |
| CBRE GROUP INC | [CBRE](https://holderbook.com/stocks/CBRE/) | $4.7M | 35,000 | 0.4% | 15 |
| ISHARES INC | [EWJ](https://holderbook.com/stocks/EWJ/) | $4.6M | 48,837 | 0.4% | 21 |
| SPDR GOLD TR | [GLD](https://holderbook.com/stocks/GLD/) | $4.0M | 10,953 | 0.3% | 21 |
| PHOTRONICS INC | [PLAB](https://holderbook.com/stocks/PLAB/) | $3.9M | 191,856 | 0.3% | 11 |
| FREEPORT-MCMORAN INC | [FCX](https://holderbook.com/stocks/FCX/) | $3.8M | 60,000 | 0.3% | 20 |
| SCHWAB STRATEGIC TR | [SCHP](https://holderbook.com/stocks/SCHP/) | $3.8M | 141,964 | 0.3% | 12 |
| CEMEX SA EURO MTN BE 144A | [CX](https://holderbook.com/stocks/CX/) | $3.6M | 301,972 | 0.3% | 20 |
| STATE STR SPDR DOW JONES IND | [DIA](https://holderbook.com/stocks/DIA/) | $3.6M | 6,868 | 0.3% | 21 |
| ROGERS COMMUNICATIONS INC | [RCI](https://holderbook.com/stocks/RCI/) | $3.5M | 108,330 | 0.3% | 20 |
| ISHARES TR | [IVV](https://holderbook.com/stocks/IVV/) | $3.4M | 4,537 | 0.3% | 21 |
| AMERICAN AIRLINES GROUP INC | [AAL](https://holderbook.com/stocks/AAL/) | $3.3M | 184,687 | 0.3% | 15 |
| ARK ETF TR | [ARKK](https://holderbook.com/stocks/ARKK/) | $2.6M | 32,152 | 0.2% | 21 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.4M | 6,386 | 0.2% | 21 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $2.3M | 4,080 | 0.2% | 21 |
| COHERENT CORP | [COHR](https://holderbook.com/stocks/COHR/) | $2.1M | 5,308 | 0.2% | 10 |
| ROYAL BK CDA | [RY](https://holderbook.com/stocks/RY/) | $2.0M | 9,638 | 0.2% | 21 |
| VANGUARD WORLD FD | [VGT](https://holderbook.com/stocks/VGT/) | $1.9M | 16,224 | 0.2% | 21 |
| ISHARES BITCOIN TRUST ETF | [IBIT](https://holderbook.com/stocks/IBIT/) | $1.9M | 57,216 | 0.2% | 10 |
| ALCOA CORP | [AA](https://holderbook.com/stocks/AA/) | $1.8M | 35,355 | 0.1% | 21 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $1.8M | 19,156 | 0.1% | 21 |
| ISHARES TR | [INDA](https://holderbook.com/stocks/INDA/) | $1.6M | 32,816 | 0.1% | 9 |
| DELL TECHNOLOGIES INC | [DELL](https://holderbook.com/stocks/DELL/) | $1.5M | 3,548 | 0.1% | 21 |
| ISHARES TR | [IGV](https://holderbook.com/stocks/IGV/) | $1.4M | 15,753 | 0.1% | 21 |
| DELTA AIR LINES INC | [DAL](https://holderbook.com/stocks/DAL/) | $1.4M | 15,000 | 0.1% | 21 |
| CANADIAN NATL RY CO | [CNI](https://holderbook.com/stocks/CNI/) | $1.4M | 11,700 | 0.1% | 21 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.3M | 10,753 | 0.1% | 21 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $1.2M | 56,577 | 0.1% | 3 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $1.2M | 2,115 | 0.1% | 21 |
| VANGUARD INTL EQUITY INDEX F | [VT](https://holderbook.com/stocks/VT/) | $1.2M | 7,500 | 0.1% | 15 |
| MBIA INC | [MBI](https://holderbook.com/stocks/MBI/) | $1.2M | 180,000 | 0.1% | 20 |
| SL GREEN RLTY CORP | [SLG](https://holderbook.com/stocks/SLG/) | $1.1M | 20,397 | 0.1% | 15 |
| ALIBABA GROUP HLDG LTD | [BABA](https://holderbook.com/stocks/BABA/) | $1.1M | 10,983 | 0.1% | 21 |
| DEERE & CO | [DE](https://holderbook.com/stocks/DE/) | $1.0M | 1,585 | 0.1% | 21 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $1.0M | 8,064 | 0.1% | 21 |
| INVESCO EXCH TRADED FD TR II | [SPLV](https://holderbook.com/stocks/SPLV/) | $974.0K | 13,000 | 0.1% | 21 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $957.0K | 3,540 | 0.1% | 21 |
| ISHARES GOLD TR | [IAU](https://holderbook.com/stocks/IAU/) | $954.0K | 12,632 | 0.1% | 20 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $945.0K | 8,099 | 0.1% | 9 |
| PAYPAL HLDGS INC | [PYPL](https://holderbook.com/stocks/PYPL/) | $863.0K | 20,000 | 0.1% | 21 |
| SELECT SECTOR SPDR TR | [XLV](https://holderbook.com/stocks/XLV/) | $857.0K | 5,400 | 0.1% | 21 |
| KRANESHARES TRUST | [KWEB](https://holderbook.com/stocks/KWEB/) | $785.0K | 32,083 | 0.1% | 21 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $780.0K | 10,930 | 0.1% | 21 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $769.0K | 5,237 | 0.1% | 21 |
| SPHERE ENTERTAINMENT CO | [SPHR](https://holderbook.com/stocks/SPHR/) | $744.0K | 4,300 | 0.1% | 20 |
| BARRICK MNG CORP | [B](https://holderbook.com/stocks/B/) | $733.0K | 19,975 | 0.1% | 5 |
| NEBIUS GROUP N.V. | [NBIS](https://holderbook.com/stocks/NBIS/) | $723.0K | 14,187 | 0.1% | 4 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $691.0K | 1,850 | 0.1% | 20 |
| NEWMONT CORP | [NEM](https://holderbook.com/stocks/NEM/) | $654.0K | 7,000 | 0.1% | 21 |
| BAIDU INC | [BIDU](https://holderbook.com/stocks/BIDU/) | $618.0K | 5,401 | 0.0% | 21 |
| KKR & CO INC | [KKR](https://holderbook.com/stocks/KKR/) | $611.0K | 6,657 | 0.0% | 21 |
| BITMINE IMMERSION TECHS INC | [BMNR](https://holderbook.com/stocks/BMNR/) | $600.0K | 10,800 | 0.0% | 3 |
| PEMBINA PIPELINE CORP | [PBA](https://holderbook.com/stocks/PBA/) | $591.0K | 12,750 | 0.0% | 21 |
| ISHARES TR | [IXG](https://holderbook.com/stocks/IXG/) | $585.0K | 4,700 | 0.0% | 21 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $583.0K | 1,700 | 0.0% | 21 |
| 3M CO | [MMM](https://holderbook.com/stocks/MMM/) | $572.0K | 3,535 | 0.0% | 21 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $567.0K | 2,230 | 0.0% | 21 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $554.0K | 3,000 | 0.0% | 21 |
| IONQ INC | [IONQ](https://holderbook.com/stocks/IONQ/) | $553.0K | 10,372 | 0.0% | 8 |
| SCHWAB CHARLES CORP | [SCHW](https://holderbook.com/stocks/SCHW/) | $523.0K | 5,670 | 0.0% | 11 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $515.0K | 1,502 | 0.0% | 21 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $509.0K | 4,500 | 0.0% | 21 |
| RIGETTI COMPUTING INC | [RGTI](https://holderbook.com/stocks/RGTI/) | $494.0K | 25,605 | 0.0% | 10 |
| SIRIUSXM HOLDINGS INC | [SIRI](https://holderbook.com/stocks/SIRI/) | $494.0K | 16,717 | 0.0% | 8 |
| WILLIAMS COS INC | [WMB](https://holderbook.com/stocks/WMB/) | $481.0K | 6,473 | 0.0% | 21 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $479.0K | 3,729 | 0.0% | 21 |
| VANGUARD INTL EQUITY INDEX F | [VWO](https://holderbook.com/stocks/VWO/) | $479.0K | 8,020 | 0.0% | 21 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $476.0K | 406 | 0.0% | 9 |
| SCHWAB STRATEGIC TR | [SCHH](https://holderbook.com/stocks/SCHH/) | $470.0K | 19,850 | 0.0% | 21 |
| GLOBAL X FDS | [SIL](https://holderbook.com/stocks/SIL/) | $465.0K | 6,000 | 0.0% | 3 |
| ISHARES TR | [EEM](https://holderbook.com/stocks/EEM/) | $460.0K | 6,718 | 0.0% | 21 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $453.0K | 1,075 | 0.0% | 21 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +5.9% | +14.8% | -8.9% | 100% |
| Q1 2026 | +4.1% | -4.6% | +8.8% | 100% |
| Q4 2025 | +9.2% | +2.4% | +6.8% | 100% |
| Q3 2025 | +10.9% | +7.8% | +3.1% | 100% |
| Q2 2025 | +7.0% | +10.5% | -3.4% | 100% |
| Q1 2025 | +4.5% | -4.6% | +9.1% | 100% |
| Q4 2024 | -7.4% | +2.1% | -9.5% | 100% |
| Q3 2024 | +4.1% | +5.4% | -1.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.2B | 313 |
| Q1 2026 | $1.2B | 306 |
| Q4 2025 | $1.5B | 311 |
| Q3 2025 | $1.2B | 311 |
| Q2 2025 | $1.0B | 305 |
| Q1 2025 | $1.2B | 315 |
| Q4 2024 | $1.4B | 319 |
| Q3 2024 | $1.5B | 329 |
| Q2 2024 | $1.5B | 328 |
| Q1 2024 | $1.6B | 337 |
| Q4 2023 | $1.1B | 344 |
| Q3 2023 | $1.1B | 357 |