JTC Employer Solutions Trustee portfolio

What changed this quarter

39 positions with a change (8 new, 12 added to, 13 trimmed, 6 sold); also, 1 entered through an IPO, 1 exited through an acquisition or merger, 1 entered through a spin-off. 3 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• GSK−5.0%fewer sharesReduced
  41.7% → 36.1%
• Invesco QQQ Trust Series 1 ETF+152%more sharesIncreased
  0.3% → 1.1%
• Invesco S&P 500 Momentum ETF+53%more sharesIncreased
  1.2% → 1.8%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• GSKGSK36.1%
• AlphabetGOOGL · GOOG16.5%
• JPMorgan ChaseJPM6.3%
• Union PacificUNP4.5%
• MastercardMA3.1%
• CitigroupC1.9%
• Invesco S&P 500 Momentum ETFSPMO1.8%
• Canadian Natural ResourcesCNQ1.8%
• AppleAAPL1.7%
• Taiwan Semiconductor ManufacturingTSM1.6%
• NVIDIANVDA1.5%
• Costco WholesaleCOST1.2%
• Invesco QQQ Trust Series 1 ETFQQQ1.1%
• American International GroupAIG1.0%
• Amazon.comAMZN1.0%
• Bank of AmericaBAC1.0%
• Berkshire HathawayBRK/A · BRK/B1.0%
• iShares Broad USD High Yield ETFUSHY0.9%
• Global Ship LeaseGSL0.9%
• State Str Spdr S&P 500 ETF TSPY0.8%
• HaleonHLN0.8%
• CorningGLW0.6%
• American ExpressAXP0.6%
• Toronto Dominion BankTD0.6%
• Synchrony FinancialSYF0.5%
• Vanguard S&P 500 ETFVOO0.4%
• Capital One FinancialCOF0.4%
• CBRE GroupCBRE0.4%
• IsharesEWJ0.4%
• SPDR Gold Shares ETFGLD0.3%
• PhotronicsPLAB0.3%
• Freeport-McMoRanFCX0.3%
• Schwab U.s. Tips ETFSCHP0.3%
• Cemex SAB De CVCX0.3%
• State Str Spdr DOW Jones INDDIA0.3%
• Rogers CommunicationsRCI0.3%
• iShares Core S&P 500 ETFIVV0.3%
• American Airlines GroupAAL0.3%
• ARK Innovation ETFARKK0.2%
• MicrosoftMSFT0.2%
• Meta PlatformsMETA0.2%
• CoherentCOHR0.2%
• Royal Bank of CanadaRY0.2%
• Vanguard Info Tech ETFVGT0.2%
• Ishares Bitcoin Trust ETFIBIT0.2%
• AlcoaAA0.1%
• Walt DisneyDIS0.1%
• iShares Msci India ETFINDA0.1%
• Dell TechnologiesDELL0.1%
• iShares Expanded Tech-softwa ETFIGV0.1%
• Delta Air LinesDAL0.1%
• Canadian National RailwayCNI0.1%
• Cisco SystemsCSCO0.1%
• Hewlett Packard EnterpriseHPE0.1%
• Advanced Micro DevicesAMD0.1%
• Vanguard International Equity Index FVT0.1%
• MbiaMBI0.1%
• SL Green RealtySLG0.1%
• Alibaba Group HoldingBABA0.1%
• DeereDE0.1%
• iShares Russell 1000 Growth ETFIWF0.1%
• Invesco S&P 500 Low Volatili ETFSPLV0.1%
• McDONALD’SMCD0.1%
• iShares Gold Trust ETFIAU0.1%
• Palantir TechnologiesPLTR0.1%
• PayPal HoldingsPYPL0.1%
• State Street Health Care Select Sector ETFXLV0.1%
• Kranesh CSI China Internet ETFKWEB0.1%
• NetflixNFLX0.1%
• OracleORCL0.1%
• Sphere EntertainmentSPHR0.1%
• Barrick MiningB0.1%
• Nebius GroupNBIS0.1%
• GE AerospaceGE0.1%
• NewmontNEM0.1%
• BaiduBIDUunder 0.1%
• KKRKKRunder 0.1%
• Bitmine Immersion TechnologiesBMNRunder 0.1%
• Pembina PipelinePBAunder 0.1%
• iShares Global Financials ET ETFIXGunder 0.1%
• VisaVunder 0.1%
• 3mMMMunder 0.1%
• Johnson & JohnsonJNJunder 0.1%
• QualcommQCOMunder 0.1%
• IonQIONQunder 0.1%
• Charles SchwabSCHWunder 0.1%
• iShares Msci USA Momentum FA ETFMTUMunder 0.1%
• WalmartWMTunder 0.1%
• Rigetti ComputingRGTIunder 0.1%
• Sirius XM HoldingsSIRIunder 0.1%
• Williams CompaniesWMBunder 0.1%
• MerckMRKunder 0.1%
• Vanguard International Equity Index FVWOunder 0.1%
• GE VernovaGEVunder 0.1%
• Schwab US Reit ETFSCHHunder 0.1%
• Global X Silver Miners ETFSILunder 0.1%
• iShares Msci Emerging Market ETFEEMunder 0.1%
• TeslaTSLAunder 0.1%