SEC 13F Intelligence

Managers / Q1 2023 · view latest →

JTC Employer Solutions Trustee Ltd

CIK 0001875645 · 28 ESPLANADE, ST HELIER, Y9, JE2 3QA · 00441534700000

Reported Value
$942M
Q1 2023
Positions
375
Filings on Record
20
2021–present window
Filed
Apr 26, 2023
original filing

Summary

Jtc Employer Solutions Trustee Ltd reported $942M in U.S.-listed holdings across 375 positions for Q1 2023.

The portfolio is heavily concentrated: GSK alone accounts for 52.8% of reported value.

Compared with Q4 2022, the fund opened 13 new positions and exited 34.

Portfolio Metrics

Turnover
+2.0%
vs prior filed quarter
Top-10 Concentration
+79.9%
share of reported value
Largest Position
+52.8%
Gsk
New / Exited
13 / 34
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q2 ’21: $678MQ2 ’21Q3 ’21: $747MQ4 ’21: $809MQ1 ’22: $903MQ1 ’22Q2 ’22: $765MQ3 ’22: $602MQ4 ’22: $1.2BQ4 ’22Q1 ’23: $942MQ2 ’23: $1.1BQ3 ’23: $1.1BQ3 ’23Q4 ’23: $1.1BQ1 ’24: $1.6BQ2 ’24: $1.5BQ2 ’24Q3 ’24: $1.5BQ4 ’24: $1.4BQ1 ’25: $1.2BQ1 ’25Q2 ’25: $1.0BQ3 ’25: $1.2BQ4 ’25: $1.5BQ4 ’25Q1 ’26: $1.2Bfilingsflow.com

Portfolio Composition

By security type
ADR: 60.8%Common Stock: 32.6%ETP: 5.6%Other: 0.6%REIT: 0.2%Other: 0.1%
  • ADR · 60.8% · $573M
  • Common Stock · 32.6% · $308M
  • ETP · 5.6% · $53M
  • Other · 0.6% · $6M
  • REIT · 0.2% · $2M
  • Other · 0.1% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
PAGAYA TECHNOLOGIES LTDNEW+894.8K894.8K+$931,000$931,000
SHVISHARES TRNEW+4.5K4.5K+$500,000$500,000
IEFISHARES TRNEW+2.5K2.5K+$250,000$250,000
GEHCGE HEALTHCARE TECHNOLOGIES INEW+960960+$78,000$78,000
XLFSELECT SECTOR SPDR TRNEW+2.3K2.3K+$74,000$74,000
SETMSPROTT FDS TRNEW+3.9K3.9K+$68,000$68,000
TSMTAIWAN SEMICONDUCTOR MFG LTDNEW+669669+$61,000$61,000
ARTYISHARES TRNEW+1.0K1.0K+$31,000$31,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2023

292 positions (from 375 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GSKGSK PLChistory →SPONSORED ADR52.83%$498M13.99M
2HLNHALEON PLChistory →SPON ADS7.57%$71M8.76M
3JPMJPMORGAN CHASE & COhistory →COM4.72%$45M341.7K
4UNPUNION PAC CORPhistory →COM4.26%$40M199.6K
5EQTEQT CORPhistory →COM2.75%$26M810.6K
6AAPLAPPLE INChistory →COM1.81%$17M103.3K
7COSTCOSTCO WHSL CORP NEWhistory →COM1.71%$16M32.5K
8IVVISHARES TRCORE S&P500 ETF · MSCI USA QLT FCT · MSCI INTL QUALTY · SELECT DIVID ETF · MSCI EURO FL ETF · RUS 1000 GRW ETF · IBOXX INV CP ETF · ISHARES BIOTECH · EXPANDED TECH · SHORT TREAS BD · MSCI EMG MKT ETF · CORE MSCI TOTAL · GLOBAL FINLS ETF · 7-10 YR TRSY BD · US CONSM STAPLES · GLB CNS DISC ETF · IBOXX HI YD ETF · MSCI USA MMENTM · S&P 500 VAL ETF · MSCI INDIA ETF · S&P MC 400GR ETF · S&P MC 400VL ETF · PFD AND INCM SEC · RUS 2000 VAL ETF · SP SMCP600VL ETF · JPMORGAN USD EMG · MSCI GBL SUS DEV · RUSSELL 2000 ETF · ROBOTICS ARTIF · GL CLEAN ENE ETF · MSCI INDONIA ETF1.57%$15M184.2K
9AIGAMERICAN INTL GROUP INChistory →COM NEW1.39%$13M261.0K
10BACBANK AMERICA CORPhistory →COM1.25%$12M412.8K
11CCITIGROUP INChistory →COM NEW1.23%$12M246.7K
12AMZNAMAZON COM INCCOM0.89%$8M81.5K
13SPYSPDR S&P 500 ETF TRTR UNIT0.81%$8M18.7K
14GOOGLALPHABET INCCAP STK CL A · CAP STK CL C0.73%$7M66.7K
15GSLGLOBAL SHIP LEASE INC NEWCOM CL A0.72%$7M363.3K
16MAMASTERCARD INCORPORATEDCL A0.68%$6M17.8K
17AXPAMERICAN EXPRESS COCOM0.66%$6M37.5K
18SNOWSNOWFLAKE INCCL A0.54%$5M33.3K
19GDXVANECK ETF TRUSTVANECK RUSSIA ET · GOLD MINERS ETF · AGRIBUSINESS ETF · JUNIOR GOLD MINE · URANIUM PLS NUCL0.52%$5M788.9K
20RCIROGERS COMMUNICATIONS INCCL B0.47%$4M95.2K
21QQQINVESCO QQQ TRUNIT SER 10.46%$4M13.6K
22TDTORONTO DOMINION BK ONTCOM NEW0.45%$4M71.3K
23SYFSYNCHRONY FINANCIALCOM0.45%$4M145.0K
24PYPLPAYPAL HLDGS INCCOM0.44%$4M55.1K
25EWJISHARES INCMSCI JPN ETF NEW · MSCI BRAZIL ETF · MSCI GLB SLV&MTL · MSCI WORLD ETF · MSCI GBL GOLD MN · CORE MSCI EMKT · MSCI MEXICO ETF · MSCI TURKEY ETF0.44%$4M81.5K
26AAALCOA CORPCOM0.43%$4M95.4K
27CBRECBRE GROUP INCCL A0.39%$4M50.0K
28AALAMERICAN AIRLS GROUP INCCOM0.38%$4M244.7K
29VOOVANGUARD INDEX FDSS&P 500 ETF SHS · SMALL CP ETF · VALUE ETF · REAL ESTATE ETF0.36%$3M11.8K
30COFCAPITAL ONE FINL CORPCOM0.36%$3M35.0K
31FCXFREEPORT-MCMORAN INCCL B0.35%$3M80.0K
32BRK/ABERKSHIRE HATHAWAY INC DELCL A0.35%$3M7
33DALDELTA AIR LINES INC DELCOM NEW0.34%$3M92.3K
34CXCEMEX SAB DE CVSPON ADR NEW0.29%$3M502.0K
35DISDISNEY WALT COCOM0.29%$3M27.2K
36NVDANVIDIA CORPORATIONCOM0.29%$3M9.7K
37MSFTMICROSOFT CORPCOM0.28%$3M9.2K
38MBIMBIA INCCOM0.27%$3M280.0K
39DASHDOORDASH INCCL A0.27%$3M40.3K
40DIASPDR DOW JONES INDL AVERAGEUT SER 10.25%$2M7.0K
41DANAOS CORPORATIONSHS0.21%$2M36.8K
42ARKKARK ETF TRINNOVATION ETF · AUTNMUS TECHNLGY · GENOMIC REV ETF · NEXT GNRTN INTER0.17%$2M40.0K
43MNTKMONTAUK RENEWABLES INCCOM0.16%$2M197.9K
44LAZARD LTDSHS A0.16%$1M45.0K
45CNICANADIAN NATL RY COCOM0.15%$1M12.2K
46VTVANGUARD INTL EQUITY INDEX FTT WRLD ST ETF · FTSE EUROPE ETF · FTSE EMR MKT ETF0.15%$1M22.4K
47GLDSPDR GOLD TRGOLD SHS0.15%$1M7.7K
48GLWCORNING INCCOM0.15%$1M40.0K
49SLGSL GREEN RLTY CORPCOM0.11%$1M45.4K
50ORCLORACLE CORPCOM0.11%$1M11.3K
51LIBERTY MEDIA CORP DELCOM C SIRIUSXM · COM SER C FRMLA · COM A SIRIUSXM · COM SER A FRMLA · COM C BRAVES GRP · COM A BRAVES GRP0.11%$1M28.8K
52XLVSELECT SECTOR SPDR TRSBI HEALTHCARE · ENERGY · SBI INT-UTILS · FINANCIAL · RL EST SEL SEC0.11%$991,00010.5K
53MCDMCDONALDS CORPCOM0.11%$990,0003.5K
54QQQJINVESCO EXCH TRADED FD TR IIS&P500 LOW VOL · NASDAQNXTGEN100 · SR LN ETF · PFD ETF0.10%$986,00022.4K
55PAGAYA TECHNOLOGIES LTDCL A SHS0.10%$931,000894.8K
56QCOMQUALCOMM INCCOM0.10%$919,0007.2K
57RYROYAL BK CDA SUSTAINABLCOM0.09%$887,0009.3K
58METAMETA PLATFORMS INCCL A0.09%$864,0004.1K
59URNMSPROTT FDS TRURANIUM MINERS E · ENERGY TRANSITIN0.09%$842,00028.6K
60LBRDKLIBERTY BROADBAND CORPCOM SER C · COM SER A0.08%$789,0009.7K
61KRANESHARES TRCSI CHI INTERNET · GLOBAL CARB STRA0.08%$754,00023.8K
62BXBLACKSTONE INCCOM0.08%$722,0008.2K
63BARCLAYS BANK PLCDJUBS CMDT ETN360.08%$716,00022.7K
64VGTVANGUARD WORLD FDSINF TECH ETF · HEALTH CAR ETF · FINANCIALS ETF0.07%$689,0002.9K
65DEDEERE & COCOM0.07%$654,0001.6K
66PEPPEPSICO INCCOM0.06%$611,0003.3K
67DWMWISDOMTREE TRINTL EQUITY FD · JAPN HEDGE EQT · NEW ECON REAL ES · US LARGECAP DIVD · EMER MKT HIGH FD0.06%$603,00015.1K
68KKRKKR & CO INCCOM0.06%$584,00011.1K
69NKENIKE INCCL B0.06%$569,0004.6K
70CVXCHEVRON CORP NEWCOM0.06%$520,0003.2K
71EXMOCEXXON MOBIL CORPCOM0.05%$479,0004.4K
72VVISA INCCOM CL A0.05%$466,0002.1K
73UNHUNITEDHEALTH GROUP INCCOM0.05%$428,000898
74ABNBAIRBNB INCCOM CL A0.05%$427,0003.4K
75EQXEQUINOX GOLD CORPCOM0.04%$421,00082.1K
76PBAPEMBINA PIPELINE CORPCOM0.04%$413,00012.8K
77SCHHSCHWAB STRATEGIC TRUS REIT ETF0.04%$387,00019.9K
78NFLXNETFLIX INCCOM0.04%$386,0001.1K
79GMGENERAL MTRS COCOM0.04%$378,00010.3K
80SPTSPROUT SOCIAL INCCOM CL A0.04%$363,0006.0K
81MATINAS BIOPHARMA HLDGS INCCOM0.04%$358,000775.0K
82AAAUGOLDMAN SACHS PHYSICAL GOLDUNIT0.04%$348,00017.8K
83PARAMOUNT GLOBALCLASS B COM0.04%$346,00015.5K
84JNJJOHNSON & JOHNSONCOM0.04%$346,0002.2K
85BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.04%$340,0003.3K
86LILABLIBERTY LATIN AMERICA LTDCOM CL A · COM CL C0.04%$336,00040.5K
87XBISPDR SER TRS&P BIOTECH · BLOOMBERG HIGH Y · OILGAS EQUIP · ICE PFD SEC ETF0.03%$310,0004.5K
88THOMSON REUTERS CORP.COM NEW0.03%$299,0002.3K
89IIFMORGAN STANLEY INDIA INVT FDCOM0.03%$277,00014.2K
90GENERAL ELECTRIC COCOM NEW0.03%$276,0002.9K
91MPCMARATHON PETE CORPCOM0.03%$275,0002.0K
92COPCONOCOPHILLIPSCOM0.03%$268,0002.7K
93FTVFORTIVE CORPCOM0.03%$261,0003.8K
94LRNSTRIDE INCCOM0.03%$255,0006.5K
95SPHRMADISON SQUARE GRDN ENTERTNMCL A0.03%$254,0004.3K
96TMUST-MOBILE US INCCOM0.03%$253,0001.7K
97CCJCAMECO CORPCOM0.03%$251,0009.6K
98WSOWATSCO INCCOM0.03%$248,000780
99ADMARCHER DANIELS MIDLAND COCOM0.03%$239,0003.0K
100DKDELEK US HLDGS INC NEWCOM0.02%$225,0009.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$1.2B308May 19, 202613F-HRchanges · EDGAR ↗
Q4 2025$1.5B315Feb 10, 202613F-HRchanges · EDGAR ↗
Q3 2025$1.2B315Oct 23, 202513F-HRchanges · EDGAR ↗
Q2 2025$1.0B310Jul 29, 202513F-HRchanges · EDGAR ↗
Q1 2025$1.2B318Apr 9, 202513F-HRchanges · EDGAR ↗
Q4 2024$1.4B323Jan 13, 202513F-HRchanges · EDGAR ↗
Q3 2024$1.5B334Oct 18, 202413F-HRchanges · EDGAR ↗
Q2 2024$1.5B333Jul 16, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.6B343Apr 19, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.1B349Jan 16, 202413F-HRchanges · EDGAR ↗
Q3 2023$1.1B361Oct 10, 202313F-HRchanges · EDGAR ↗
Q2 2023$1.1B367Jul 19, 202313F-HRchanges · EDGAR ↗
Q1 2023$942M375Apr 26, 202313F-HRchanges · EDGAR ↗
Q4 2022$1.2B396Jan 18, 202313F-HRchanges · EDGAR ↗
Q3 2022$602M324Nov 2, 202213F-HRchanges · EDGAR ↗
Q2 2022$765M299Jul 22, 202213F-HRchanges · EDGAR ↗
Q1 2022$903M307May 6, 202213F-HRchanges · EDGAR ↗
Q4 2021$809M311Jan 24, 202213F-HRchanges · EDGAR ↗
Q3 2021$747M310Nov 9, 202113F-HRchanges · EDGAR ↗
Q2 2021$678M304Aug 10, 202113F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.