JTC Employer Solutions Trustee Ltd
Long book
$1.20B
Q1 2026
Positions
308
Top-10 weight
76%
concentration
Last quarter
+7.8%
SPY +14.8%
Turnover
6%
of book per quarter
Strategy in plain words
auto-generated from filingsJTC Employer Solutions Trustee Ltd is an institutional manager, running a $1.20B US long book across 308 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The book barely moves quarter to quarter — a patient, low-turnover holder. Current anchor positions: GSK PLC-SPON ADR, ALPHABET INC-CL A, JPMORGAN CHASE & CO, UNION PACIFIC CORP, MASTERCARD INC - A.
Over the last 9 quarters its long book ran on average 0.2pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.0%
Q2 2024
+4.8%
Q3 2024
-6.7%
Q4 2024
+5.2%
Q1 2025
+7.8%
Q2 2025
+11.8%
Q3 2025
+9.9%
Q4 2025
+4.7%
Q1 2026
+7.8%
Sector allocation
Technology 38%
Financials 27%
Industrials 13%
Services media 8%
Energy 5%
Consumer discretionary 5%
Materials 1%
Communications 1%
Long book by quarter
What does JTC Employer own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| GOOGL ALPHABET INC-CL A | Technology | 495.3K | $142.4M | 11.9% | -9.7% |
| JPM JPMORGAN CHASE & CO | Financials | 239.0K | $70.3M | 5.9% | +0.1% |
| UNP UNION PACIFIC CORP | Industrials | 207.9K | $50.4M | 4.2% | Held |
| MA MASTERCARD INC - A | Services media | 76.0K | $38.0M | 3.2% | Held |
| CNQ CANADIAN NATURAL RESOURCES | Energy | 537.6K | $26.1M | 2.2% | -12.6% |
| GOOG ALPHABET INC-CL C | Technology | 86.1K | $24.7M | 2.1% | 0.0% |
| C CITIGROUP INC | Financials | 167.8K | $19.0M | 1.6% | -4.5% |
| AAPL APPLE INC | Technology | 75.0K | $19.0M | 1.6% | -0.2% |
| COST COSTCO WHOLESALE CORP | Consumer discretionary | 15.5K | $15.4M | 1.3% | Held |
| NVDA NVIDIA CORP | Technology | 79.7K | $13.9M | 1.2% | -0.1% |
| AIG AMERICAN INTERNATIONAL GROUP | Financials | 171.0K | $12.9M | 1.1% | Held |
| GSL GLOBAL SHIP LEASE INC-CL A | Industrials | 293.3K | $10.9M | 0.9% | -19.3% |
| BAC BANK OF AMERICA CORP | Financials | 223.0K | $10.9M | 0.9% | -7.8% |
| AMZN AMAZON.COM INC | Consumer discretionary | 44.7K | $9.3M | 0.8% | Held |
| AXP AMERICAN EXPRESS CO | Financials | 22.5K | $6.8M | 0.6% | Held |
| TD TORONTO-DOMINION BANK | Financials | 71.3K | $6.6M | 0.6% | Held |
| BRK/A BERKSHIRE HATHAWAY INC-CL A | Financials | 9 | $6.5M | 0.5% | Held |
| SYF SYNCHRONY FINANCIAL | Financials | 75.0K | $5.1M | 0.4% | Held |
| CBRE CBRE GROUP INC - A | Real estate | 35.0K | $4.7M | 0.4% | Held |
| COF CAPITAL ONE FINANCIAL CORP | Financials | 25.0K | $4.6M | 0.4% | Held |
| BRK/B BERKSHIRE HATHAWAY INC-CL B | Financials | 8.6K | $4.1M | 0.3% | Held |
| RCI ROGERS COMMUNICATIONS INC-B | Communications | 107.2K | $4.1M | 0.3% | +1.0% |
| GLW CORNING INC | Industrials | 30.0K | $4.1M | 0.3% | -25.0% |
| PLAB PHOTRONICS INC | Technology | 191.9K | $3.9M | 0.3% | Held |
| FCX FREEPORT-MCMORAN INC | Materials | 60.0K | $3.5M | 0.3% | Held |
| MSFT MICROSOFT CORP | Technology | 6.4K | $2.4M | 0.2% | +0.6% |
| AA ALCOA CORP | Industrials | 35.4K | $2.3M | 0.2% | -0.2% |
| META META PLATFORMS INC-CLASS A | Technology | 4.1K | $2.3M | 0.2% | Held |
| AAL AMERICAN AIRLINES GROUP INC | Industrials | 184.7K | $2.0M | 0.2% | Held |
| DIS WALT DISNEY CO/THE | Services media | 19.2K | $1.8M | 0.2% | 0.0% |
| RY ROYAL BANK OF CANADA | Financials | 9.6K | $1.5M | 0.1% | +0.9% |
| COHR COHERENT CORP | Other | 5.3K | $1.3M | 0.1% | Held |
| HPE HEWLETT PACKARD ENTERPRISE | Technology | 56.6K | $1.2M | 0.1% | Held |
| CNI CANADIAN NATL RAILWAY CO | Industrials | 11.7K | $1.2M | 0.1% | Held |
| PLTR PALANTIR TECHNOLOGIES INC-A | Technology | 8.1K | $1.2M | 0.1% | Held |
| MCD MCDONALD'S CORP | Consumer discretionary | 3.5K | $1.1M | 0.1% | Held |
| MBI MBIA INC | Financials | 180.0K | $1.1M | 0.1% | Held |
| NFLX NETFLIX INC | Services media | 10.9K | $1.1M | 0.1% | Held |
| DAL DELTA AIR LINES INC | Industrials | 15.0K | $998K | 0.1% | Held |
| PYPL PAYPAL HOLDINGS INC | Services media | 20.0K | $905K | 0.1% | Held |
| DE DEERE & CO | Industrials | 1.6K | $893K | 0.1% | Held |
| CSCO CISCO SYSTEMS INC | Technology | 10.8K | $834K | 0.1% | Held |
| B BARRICK MINING CORP | Materials | 20.0K | $816K | 0.1% | Held |
| ORCL ORACLE CORP | Technology | 5.2K | $769K | 0.1% | -4.5% |
| NEM NEWMONT CORP | Materials | 7.0K | $757K | 0.1% | Held |
| NBIS NEBIUS GROUP NV | Technology | 14.2K | $723K | 0.1% | Held |
| LBRDK LIBERTY BROADBAND-C | Communications | 13.0K | $654K | 0.1% | Held |
| KKR KKR & CO INC | Financials | 6.7K | $617K | 0.1% | Held |
| BMNR BITMINE IMMERSION TECHNOLOGI | Financials | 10.8K | $600K | 0.1% | +100.0% |
| DELL DELL TECHNOLOGIES -C | Technology | 3.5K | $582K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 19, 2026 | 308 | $1.20B | $K fixed canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 10, 2026 | 315 | $1.47B | $K fixed canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 23, 2025 | 315 | $1.17B | $K fixed canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 29, 2025 | 310 | $1.05B | $K fixed canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 9, 2025 | 318 | $1.22B | $K fixed canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 13, 2025 | 323 | $1.41B | $K fixed canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 18, 2024 | 334 | $1.53B | $K fixed canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 16, 2024 | 333 | $1.50B | $K fixed canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 19, 2024 | 343 | $1.58B | $K fixed canonical | SEC ↗ |
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