SEC 13F Intelligence

Managers / Q2 2023 · view latest →

JTC Employer Solutions Trustee Ltd

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

Reported Value
$1.1B
Q2 2023
Positions
367
Filings on Record
20
2021–present window
Filed
Jul 19, 2023
original filing

Summary

Jtc Employer Solutions Trustee Ltd reported $1.1B in U.S.-listed holdings across 367 positions for Q2 2023.

The portfolio is heavily concentrated: GSK alone accounts for 46.6% of reported value.

Compared with Q1 2023, the fund opened 7 new positions and exited 15.

Portfolio Metrics

Turnover
+2.0%
vs prior filed quarter
Top-10 Concentration
+79.3%
share of reported value
Largest Position
+46.6%
Gsk
New / Exited
7 / 15
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: 54.3%Common Stock: 40.0%ETP: 5.0%Other: 0.3%REIT: 0.2%Other: 0.1%
  • ADR · 54.3% · $571M
  • Common Stock · 40.0% · $420M
  • ETP · 5.0% · $53M
  • Other · 0.3% · $3M
  • REIT · 0.2% · $2M
  • Other · 0.1% · $1M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CPCANADIAN PACIFIC KANSAS CITYNEW+2.3K2.3K+$184,000$184,000
QLDPROSHARES TRNEW+1.2K1.2K+$77,000$77,000
HLHECLA MNG CONEW+10.0K10.0K+$52,000$52,000
TGTTARGET CORPNEW+361361+$48,000$48,000
XBIOXENETIC BIOSCIENCES INCNEW+2.7K2.7K+$9,000$9,000
BIRD GLOBAL INCNEW+976976+$2,000$2,000
AUMNGOLDEN MINERALS CONEW+300300+$0$0
TSMTAIWAN SEMICONDUCTOR MFG LTDADDED+29.7K30.3K+$3M$3M

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

Holdings — Q2 2023

285 positions (from 367 filing rows — )
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GSKGSK PLChistory →SPONSORED ADR46.61%$489M13.73M
2HLNHALEON PLChistory →SPON ADS6.98%$73M8.76M
3MSFTMICROSOFT CORPhistory →COM5.64%$59M174.1K
4JPMJPMORGAN CHASE & COhistory →COM4.73%$50M341.7K
5GOOGLALPHABET INCCAP STK CL A · CAP STK CL C3.90%$41M341.0K
6UNPUNION PAC CORPhistory →COM3.89%$41M199.6K
7EQTEQT CORPhistory →COM2.60%$27M663.0K
8AAPLAPPLE INChistory →COM1.89%$20M102.4K
9COSTCOSTCO WHSL CORP NEWhistory →COM1.66%$17M32.5K
10IVVISHARES TRCORE S&P500 ETF · MSCI USA QLT FCT · MSCI INTL QUALTY · MSCI EURO FL ETF · SELECT DIVID ETF · EXPANDED TECH · IBOXX INV CP ETF · ISHARES BIOTECH · RUS 1000 GRW ETF · SHORT TREAS BD · MSCI EMG MKT ETF · CORE MSCI TOTAL · GLOBAL FINLS ETF · 7-10 YR TRSY BD · GLB CNS DISC ETF · US CONSM STAPLES · S&P 500 VAL ETF · MSCI USA MMENTM · IBOXX HI YD 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 · MSCI INDONIA ETF1.44%$15M181.6K
11AIGAMERICAN INTL GROUP INChistory →COM NEW1.43%$15M261.0K
12BACBANK AMERICA CORPhistory →COM1.13%$12M412.8K
13CCITIGROUP INChistory →COM NEW1.08%$11M246.7K
14AMZNAMAZON COM INChistory →COM1.01%$11M81.5K
15SPYSPDR S&P 500 ETF TRTR UNIT0.79%$8M18.7K
16GSLGLOBAL SHIP LEASE INC NEWCOM CL A0.67%$7M363.3K
17MAMASTERCARD INCORPORATEDCL A0.66%$7M17.8K
18AXPAMERICAN EXPRESS COCOM0.62%$7M37.5K
19SNOWSNOWFLAKE INCCL A0.56%$6M33.3K
20NVDANVIDIA CORPORATIONCOM0.54%$6M13.5K
21QQQINVESCO QQQ TRUNIT SER 10.48%$5M13.6K
22SYFSYNCHRONY FINANCIALCOM0.47%$5M145.0K
23VOOVANGUARD INDEX FDSS&P 500 ETF SHS · SMALL CP ETF · VALUE ETF · REAL ESTATE ETF0.45%$5M14.4K
24TDTORONTO DOMINION BK ONTCOM NEW0.42%$4M71.3K
25AALAMERICAN AIRLS GROUP INCCOM0.42%$4M244.7K
26RCIROGERS COMMUNICATIONS INCCL B0.42%$4M95.9K
27EWJISHARES INCMSCI JPN ETF NEW · MSCI BRAZIL ETF · MSCI WORLD ETF · MSCI GLB SLV&MTL · MSCI GBL GOLD MN · CORE MSCI EMKT · MSCI MEXICO ETF · MSCI TURKEY ETF0.41%$4M81.5K
28DALDELTA AIR LINES INC DELCOM NEW0.41%$4M90.0K
29CBRECBRE GROUP INCCL A0.38%$4M50.0K
30COFCAPITAL ONE FINL CORPCOM0.36%$4M35.0K
31PYPLPAYPAL HLDGS INCCOM0.35%$4M55.1K
32BRK/ABERKSHIRE HATHAWAY INC DELCL A0.35%$4M7
33CXCEMEX SAB DE CVSPON ADR NEW0.34%$4M502.0K
34AAALCOA CORPCOM0.31%$3M95.4K
35FCXFREEPORT-MCMORAN INCCL B0.30%$3M80.0K
36DASHDOORDASH INCCL A0.29%$3M40.3K
37TSMTAIWAN SEMICONDUCTOR MFG LTDSPONSORED ADS0.29%$3M30.3K
38DISDISNEY WALT COCOM0.23%$2M27.2K
39MBIMBIA INCCOM0.23%$2M280.0K
40DIASPDR DOW JONES INDL AVERAGEUT SER 10.23%$2M7.0K
41ARKKARK ETF TRINNOVATION ETF · AUTNMUS TECHNLGY · GENOMIC REV ETF · NEXT GNRTN INTER0.17%$2M40.0K
42CNICANADIAN NATL RY COCOM0.14%$1M12.2K
43VTVANGUARD INTL EQUITY INDEX FTT WRLD ST ETF · FTSE EUROPE ETF · FTSE EMR MKT ETF0.14%$1M22.4K
44MNTKMONTAUK RENEWABLES INCCOM0.14%$1M197.9K
45LAZARD LTDSHS A0.14%$1M45.0K
46VGTVANGUARD WORLD FDSINF TECH ETF · HEALTH CAR ETF · FINANCIALS ETF0.14%$1M4.4K
47GLWCORNING INCCOM0.13%$1M40.0K
48GLDSPDR GOLD TRGOLD SHS0.13%$1M7.7K
49SLGSL GREEN RLTY CORPCOM0.13%$1M45.4K
50PAGAYA TECHNOLOGIES LTDCL A SHS0.11%$1M1.13M
51METAMETA PLATFORMS INCCL A0.11%$1M4.1K
52LIBERTY 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
53MCDMCDONALDS CORPCOM0.10%$1M3.5K
54XLVSELECT SECTOR SPDR TRSBI HEALTHCARE · ENERGY · SBI INT-UTILS · FINANCIAL · RL EST SEL SEC0.10%$1M10.5K
55QQQJINVESCO EXCH TRADED FD TR IIS&P500 LOW VOL · NASDAQNXTGEN100 · SR LN ETF · PFD ETF0.09%$992,00022.4K
56URNMSPROTT FDS TRURANIUM MINERS E · ENERGY TRANSITIN0.09%$900,00028.6K
57RYROYAL BK CDACOM0.08%$887,0009.3K
58QCOMQUALCOMM INCCOM0.08%$857,0007.2K
59LBRDKLIBERTY BROADBAND CORPCOM SER C · COM SER A0.07%$773,0009.7K
60BXBLACKSTONE INCCOM0.07%$764,0008.2K
61BARCLAYS BANK PLCDJUBS CMDT ETN360.07%$694,00022.7K
62KRANESHARES TRCSI CHI INTERNET · GLOBAL CARB STRA0.06%$656,00023.8K
63DEDEERE & COCOM0.06%$642,0001.6K
64DWMWISDOMTREE TRINTL EQUITY FD · JAPN HEDGE EQT · NEW ECON REAL ES · US LARGECAP DIVD · EMER MKT HIGH FD0.06%$629,00015.1K
65KKRKKR & CO INCCOM0.06%$622,00011.1K
66PEPPEPSICO INCCOM0.06%$619,0003.3K
67ORCLORACLE CORPCOM0.05%$542,0004.6K
68NKENIKE INCCL B0.05%$512,0004.6K
69GDXVANECK ETF TRUSTGOLD MINERS ETF · AGRIBUSINESS ETF · JUNIOR GOLD MINE · URANIUM PLS NUCL0.05%$510,00012.1K
70CVXCHEVRON CORP NEWCOM0.05%$501,0003.2K
71NFLXNETFLIX INCCOM0.05%$492,0001.1K
72VVISA INCCOM CL A0.05%$490,0002.1K
73EXMOCEXXON MOBIL CORPCOM0.04%$469,0004.4K
74UNHUNITEDHEALTH GROUP INCCOM0.04%$442,000898
75ABNBAIRBNB INCCOM CL A0.04%$439,0003.4K
76PBAPEMBINA PIPELINE CORPCOM0.04%$401,00012.8K
77GMGENERAL MTRS COCOM0.04%$397,00010.3K
78SCHHSCHWAB STRATEGIC TRUS REIT ETF0.04%$387,00019.9K
79EQXEQUINOX GOLD CORPCOM0.04%$376,00082.1K
80JNJJOHNSON & JOHNSONCOM0.04%$368,0002.2K
81LILABLIBERTY LATIN AMERICA LTDCOM CL A · COM CL C0.03%$352,00040.5K
82AAAUGOLDMAN SACHS PHYSICAL GOLDUNIT0.03%$339,00017.8K
83XBISPDR SER TRS&P BIOTECH · BLOOMBERG HIGH Y · OILGAS EQUIP · ICE PFD SEC ETF0.03%$323,0004.5K
84GENERAL ELECTRIC COCOM NEW0.03%$316,0002.9K
85IIFMORGAN STANLEY INDIA INVT FDCOM0.03%$308,00014.2K
86CCJCAMECO CORPCOM0.03%$299,0009.6K
87WSOWATSCO INCCOM0.03%$298,000780
88COPCONOCOPHILLIPSCOM0.03%$280,0002.7K
89BABAALIBABA GROUP HLDG LTDSPONSORED ADS0.03%$279,0003.3K
90MATINAS BIOPHARMA HLDGS INCCOM0.03%$275,000775.0K
91SPTSPROUT SOCIAL INCCOM CL A0.03%$274,0006.0K
92TSLATESLA INCCOM0.03%$271,0001.0K
93QLDPROSHARES TRSHORT S&P 500 NE · PSHS ULTRA QQQ · ULTRAPRO QQQ · ULT R/EST NEW · ULTSHT FINLS NEW0.03%$269,00012.4K
94TMUST-MOBILE US INCCOM0.02%$253,0001.7K
95PARAMOUNT GLOBALCLASS B COM0.02%$246,00015.5K
96MPCMARATHON PETE CORPCOM0.02%$238,0002.0K
97SYKSTRYKER CORPORATIONCOM0.02%$238,000781
98WMTWALMART INCCOM0.02%$236,0001.5K
99DKDELEK US HLDGS INC NEWCOM0.02%$235,0009.8K
100IMCRIMMUNOCORE HLDGS PLCADS0.02%$234,0003.9K

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 ↗.