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Livermore
Livermore
ZHEN

JTC Employer Solutions Trusteee Ltd

SEC CIK
0001875645
Latest filing
Jul 31, 2026

The latest 13F from JTC Employer Solutions Trusteee Ltd covers Q2 2026 (filed Jul 31, 2026): 313 long positions worth $1.25B. The top 10 holdings make up 73.8% of the portfolio, and the largest is GSK plc (GSK) at 36.1%. Livermore has 21 filings on Form 13F from this institution, going back to Q2 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
10
Est. +$958.0K
Added
19
Est. +$23.9M
Reduced
16
Est. −$33.6M
Sold out
5
Est. −$1.22M

Top 5 holdings

Share of this quarter's portfolio value

  1. GSKGSK plc
    36.1%$450.3MHistory
  2. GOOGLAlphabet Inc.
    14.2%$176.9MHistory
  3. JPMJPMorgan Chase & Co
    6.3%$78.2MHistory
  4. UNPUnion Pacific Corp
    4.5%$56.5MHistory
  5. MAMastercard Inc
    3.1%$39.0MHistory

Biggest buys

New and added positions, by estimated amount bought

  1. Invesco QQQ Trust Series I46090E103
    +$7.89MAdded
  2. Invesco Exch Traded FD Tr II46138E339
    +$7.86MAdded
  3. NVDANVIDIA Corp
    +$3.28MAddedHistory
  4. AMZNAmazon Com Inc
    +$2.10MAddedHistory
  5. BRK.BBerkshire Hathaway Inc
    +$1.01MAddedHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. Invesco QQQ Trust Series I46090E103
    +0.71 pp0.3% → 1.1%
  2. Invesco Exch Traded FD Tr II46138E339
    +0.58 pp1.2% → 1.8%
  3. NVDANVIDIA Corp
    +0.38 pp1.2% → 1.5%History
  4. AMZNAmazon Com Inc
    +0.24 pp0.8% → 1.0%History
  5. BRK.BBerkshire Hathaway Inc
    +0.08 pp0.3% → 0.4%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. GSKGSK plc
    −$23.6MReducedHistory
  2. HLNHaleon plc
    −$5.22MReducedHistory
  3. TDToronto Dominion Bank
    −$1.60MReducedHistory
  4. GOOGAlphabet Inc.
    −$1.23MReducedHistory
  5. DJPBarclays Bank PLC
    −$774.0KSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. GSKGSK plc
    −5.56 pp41.7% → 36.1%History
  2. HLNHaleon plc
    −0.56 pp1.3% → 0.8%History
  3. DJPBarclays Bank PLC
    −0.06 pp0.1% → 0.0%History
  4. BABAAlibaba Group Holding Ltd
    −0.06 pp0.1% → 0.1%History
  5. iShares Tr464288745
    −0.02 pp<0.1% → 0.0%

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$1.25B
+$49.7M (+4.2%) vs. prior quarter
Positions
313
+5 vs. prior quarter
Top 10 concentration
73.8%
Top 10 as share of value
Turnover
2.0%
Q2 2026, one quarter
Average holding period
18.2 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q2 2021), so positions held before then are understated.

13F filings by quarter

21 quarters, going back to Q2 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $1.58B (Q1 2024)

Q2 2021: $677.8MQ3 2021: $746.6MQ4 2021: $809.5MQ1 2022: $902.9MQ2 2022: $765.4MQ3 2022: $602.1MQ4 2022: $1.17BQ1 2023: $942.0MQ2 2023: $1.05BQ3 2023: $1.08BQ4 2023: $1.11BQ1 2024: $1.58BQ2 2024: $1.50BQ3 2024: $1.53BQ4 2024: $1.41BQ1 2025: $1.22BQ2 2025: $1.05BQ3 2025: $1.17BQ4 2025: $1.47BQ1 2026: $1.20BQ2 2026: $1.25B
Q2 2021Q2 2026
13F filings of JTC Employer Solutions Trusteee Ltd by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Jul 31, 2026313$1.25BGSKGOOGLJPMvs. Q1 2026SEC
Q1 2026May 19, 2026308$1.20BGSKGOOGLJPMvs. Q4 2025SEC
Q4 2025Feb 10, 2026315$1.47BGSKGOOGLJPMvs. Q3 2025SEC
Q3 2025Oct 23, 2025315$1.17BGSKJPMUNPvs. Q2 2025SEC
Q2 2025Jul 29, 2025310$1.05BGSKJPMUNPvs. Q1 2025SEC
Q1 2025Apr 9, 2025318$1.22BGSKJPMUNPvs. Q4 2024SEC
Q4 2024Jan 13, 2025323$1.41BGSKMSFTGOOGLvs. Q3 2024SEC
Q3 2024Oct 18, 2024334$1.53BGSKMSFTGOOGLvs. Q2 2024SEC
Q2 2024Jul 16, 2024333$1.50BGSKMSFTGOOGLvs. Q1 2024SEC
Q1 2024Apr 19, 2024343$1.58BGSKMSFTGOOGLvs. Q4 2023SEC
Q4 2023Jan 16, 2024349$1.11BGSKMSFTGOOGLvs. Q3 2023SEC
Q3 2023Oct 10, 2023361$1.08BGSKMSFTHLNvs. Q2 2023SEC
Q2 2023Jul 19, 2023367$1.05BGSKHLNMSFTvs. Q1 2023SEC
Q1 2023Apr 26, 2023375$942.0MGSKHLNJPMvs. Q4 2022SEC
Q4 2022Jan 18, 2023396$1.17BGSKHLNJPMvs. Q3 2022SEC
Q3 2022Nov 2, 2022324$602.1MGSKHLNJPMvs. Q2 2022SEC
Q2 2022Jul 22, 2022299$765.4MGSKGOOGLUNPvs. Q1 2022SEC
Q1 2022May 6, 2022307$902.9MGSKGOOGLUNPvs. Q4 2021SEC
Q4 2021Jan 24, 2022311$809.5MGSKGOOGLAMZNvs. Q3 2021SEC
Q3 2021Nov 9, 2021310$746.6MGSKGOOGLAMZNvs. Q2 2021SEC
Q2 2021Aug 10, 2021304$677.8MGSKGOOGLUNP–SEC