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Asset Manager ← All Institutions

Veritas Asset Management LLP

Q2 2025 · Filed 2025-08-07
Market Value
$9.2B
+0.5%
Holdings
37
+1
New Purchases
3
Added To
5
Closed
4
Reduced
15
Top 10 Concentration
81.3%
Turnover
18.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 16.27% 11.90% +4.36% $1.5B
HLT 1.88% 0.00% +1.88% $173M
UNH 10.54% 9.03% +1.50% $970M
AMZN 11.42% 10.40% +1.02% $1.1B
GOOGL 9.09% 8.35% +0.74% $837M
CHTR 7.07% 6.74% +0.32% $650M
SCHW 2.20% 1.96% +0.24% $203M
CPNG 0.17% 0.00% +0.17% $15M
HSAI 0.12% 0.00% +0.12% $11M
FUTU 0.40% 0.33% +0.07% $37M
NTES 0.08% 0.06% +0.02% $7M
TSM 0.02% 0.02% +0.01% $2M
HDB 0.11% 0.11% +0.00% $10M
BEKE 0.01% 0.01% +0.00% $860K
CTSH 0.10% 0.10% +0.00% $9M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
0I3I.L 0.00% 3.55% -3.55% $0
TMO 5.57% 7.25% -1.68% $512M
AON 6.67% 8.02% -1.35% $614M
ICE 4.31% 5.46% -1.15% $396M
BDX 3.93% 4.82% -0.89% $362M
ANTM 3.86% 4.53% -0.67% $355M
ZTS 3.09% 3.37% -0.28% $285M
TME 0.00% 0.24% -0.24% $0
MA 4.25% 4.41% -0.17% $391M
BIO 2.26% 2.43% -0.17% $208M
CRM 6.12% 6.28% -0.16% $563M
FNV 0.00% 0.12% -0.12% $0
MSM 0.09% 0.10% -0.01% $8M
TCOM 0.00% 0.01% -0.01% $0
PM 0.14% 0.15% -0.01% $13M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 7 $4.8B 51.7%
Large Cap 24 $4.2B 45.8%
Mid Cap 6 $229M 2.5%

Portfolio Analytics

Avg Market Cap
$419.6B
Median Market Cap
$69.4B
Avg P/E
22.7
Median P/E
22.1
Avg Dividend Yield
0.01%
Avg Beta
0.72
# Stocks
37
# ETFs / Funds
0

Top Holdings (37 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 16.27% 3,009,598 $1.5B $497.41 $407M +106,777 +3.7%
2 AMZN 11.42% 4,790,137 $1.1B $219.39 $99M -212,782 -4.2%
3 UNH 10.54% 3,107,991 $970M $311.97 $143M +1,528,984 +96.8%
4 GOOGL 9.09% 4,747,543 $837M $176.23 $72M -195,434 -4.0%
5 CHTR 7.07% 1,590,422 $650M $408.81 $33M -84,833 -5.1%
6 AON 6.67% 1,720,988 $614M $356.76 -$120M -118,709 -6.5%
7 CRM 6.12% 2,063,844 $563M $272.69 -$12M -76,795 -3.6%
8 TMO 5.57% 1,263,447 $512M $405.46 -$151M -69,605 -5.2%
9 ICE 4.31% 2,160,038 $396M $183.47 -$104M -737,911 -25.5%
10 MA 4.25% 695,212 $391M $561.94 -$13M -41,709 -5.7%
11 BDX 3.93% 2,102,044 $362M $172.25 -$79M +174,954 +9.1%
12 ANTM 3.86% 913,358 $355M $388.96 -$59M -39,545 -4.2%
13 ZTS 3.09% 1,825,949 $285M $155.95 -$24M -47,973 -2.6%
14 BIO 2.26% 863,141 $208M $241.32 -$14M -49,981 -5.5%
15 SCHW 2.20% 2,223,011 $203M $91.24 $23M -70,462 -3.1%
16 HLT 1.88% 648,191 $173M $266.34 +648,191 NEW
17 FUTU 0.40% 298,650 $37M $123.59 $6M
18 MDT 0.17% 181,007 $16M $87.17 -$487K
19 CPNG 0.17% 513,138 $15M $29.96 +513,138 NEW
20 PM 0.14% 72,383 $13M $182.13 -$592K -14,401 -16.6%
21 HSAI 0.12% 500,635 $11M $21.95 +500,635 NEW
22 HDB 0.11% 135,976 $10M $76.67 $398K -14,950 -9.9%
23 CTSH 0.10% 115,295 $9M $78.03 $176K
24 MSM 0.09% 94,539 $8M $85.02 -$1M -22,142 -19.0%
25 NTES 0.08% 55,069 $7M $134.58 $2M
26 PDD 0.03% 22,506 $2M $104.66 -$308K
27 TSM 0.02% 9,960 $2M $226.49 $602K
28 YMM 0.01% 111,136 $1M $11.81 $48K +12,130 +12.2%
29 BEKE 0.01% 48,473 $860K $17.74 $296K +20,382 +72.6%
30 JD 0.01% 22,792 $744K $32.64 -$193K
31 IBN 0.01% 15,424 $519K $33.64 $33K
32 TAL —% 40,746 $416K $10.22 -$122K
33 VNET —% 50,306 $347K $6.90 -$65K
34 FNV —% -$11M -72,266 -100.0% SOLD
35 TCOM —% -$863K -13,568 -100.0% SOLD
36 0I3I.L —% -$325M -3,847,698 -100.0% SOLD
37 TME —% -$22M -1,507,402 -100.0% SOLD

New Positions

SymbolValue% Port
HLT $173M 1.88%
CPNG $15M 0.17%
HSAI $11M 0.12%

Sold Out Positions

SymbolValue% Port
TME —%
FNV —%
TCOM —%
0I3I.L —%
View SEC EDGAR Filings for Veritas Asset Management LLP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms