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Asset Manager ← All Institutions

Veritas Asset Management LLP

Q3 2025 · Filed 2025-11-04
Market Value
$8.6B
-6.1%
Holdings
35
-2
New Purchases
2
Added To
5
Closed
6
Reduced
16
Top 10 Concentration
81.1%
Turnover
22.9%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BDX 6.40% 3.93% +2.47% $553M
CRM 8.34% 6.12% +2.23% $720M
WAT 2.03% 0.00% +2.03% $175M
AON 8.48% 6.67% +1.81% $732M
TMO 6.84% 5.57% +1.27% $591M
BIO 2.74% 2.26% +0.48% $237M
FUTU 0.85% 0.40% +0.45% $73M
H 0.34% 0.00% +0.34% $29M
AMZN 11.66% 11.42% +0.24% $1.0B
MA 4.37% 4.25% +0.13% $378M
UNH 10.61% 10.54% +0.07% $916M
MDT 0.20% 0.17% +0.03% $17M
MSM 0.10% 0.09% +0.01% $9M
PDD 0.03% 0.03% +0.01% $3M
TSM 0.03% 0.02% +0.01% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 13.08% 16.27% -3.18% $1.1B
GOOGL 6.43% 9.09% -2.66% $555M
CHTR 4.92% 7.07% -2.15% $425M
HLT 0.10% 1.88% -1.77% $9M
SCHW 1.65% 2.20% -0.56% $142M
ANTM 3.38% 3.86% -0.48% $292M
ICE 4.01% 4.31% -0.30% $346M
CPNG 0.00% 0.17% -0.17% $0
HSAI 0.00% 0.12% -0.12% $0
ZTS 3.03% 3.09% -0.07% $261M
CTSH 0.06% 0.10% -0.04% $5M
HDB 0.09% 0.11% -0.02% $8M
PM 0.13% 0.14% -0.02% $11M
BEKE 0.00% 0.01% -0.01% $0
JD 0.00% 0.01% -0.01% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 7 $4.0B 46.3%
Large Cap 22 $4.4B 50.8%
Mid Cap 6 $247M 2.9%

Portfolio Analytics

Avg Market Cap
$441.8B
Median Market Cap
$73.1B
Avg P/E
24.3
Median P/E
22.4
Avg Dividend Yield
0.01%
Avg Beta
0.76
# Stocks
35
# ETFs / Funds
0

Top Holdings (35 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 MSFT 13.08% 2,181,829 $1.1B $517.95 -$367M -827,769 -27.5%
2 AMZN 11.66% 4,587,764 $1.0B $219.57 -$44M -202,373 -4.2%
3 UNH 10.61% 2,652,995 $916M $345.30 -$54M -454,996 -14.6%
4 AON 8.48% 2,053,673 $732M $356.58 $118M +332,685 +19.3%
5 CRM 8.34% 3,039,568 $720M $237.00 $158M +975,724 +47.3%
6 TMO 6.84% 1,218,105 $591M $485.02 $79M -45,342 -3.6%
7 GOOGL 6.43% 2,284,192 $555M $243.10 -$281M -2,463,351 -51.9%
8 BDX 6.40% 2,954,898 $553M $187.17 $191M +852,854 +40.6%
9 CHTR 4.92% 1,544,527 $425M $275.10 -$225M -45,895 -2.9%
10 MA 4.37% 664,248 $378M $568.81 -$13M -30,964 -4.5%
11 ICE 4.01% 2,054,294 $346M $168.48 -$50M -105,744 -4.9%
12 ANTM 3.38% 902,900 $292M $323.12 -$64M -10,458 -1.1%
13 ZTS 3.03% 1,786,297 $261M $146.32 -$23M -39,652 -2.2%
14 BIO 2.74% 844,039 $237M $280.39 $28M -19,102 -2.2%
15 WAT 2.03% 584,770 $175M $299.81 +584,770 NEW
16 SCHW 1.65% 1,488,189 $142M $95.47 -$61M -734,822 -33.1%
17 FUTU 0.85% 420,857 $73M $173.91 $36M +122,207 +40.9%
18 H 0.34% 204,801 $29M $141.93 +204,801 NEW
19 MDT 0.20% 181,007 $17M $95.24 $1M
20 PM 0.13% 67,036 $11M $162.20 -$2M -5,347 -7.4%
21 HLT 0.10% 34,159 $9M $259.44 -$164M -614,032 -94.7%
22 MSM 0.10% 94,539 $9M $92.14 $673K
23 HDB 0.09% 224,364 $8M $34.16 -$3M +88,388 +65.0%
24 NTES 0.08% 43,463 $7M $151.99 -$805K -11,606 -21.1%
25 CTSH 0.06% 78,090 $5M $67.07 -$4M -37,205 -32.3%
26 PDD 0.03% 22,506 $3M $132.17 $619K
27 TSM 0.03% 9,960 $3M $279.29 $526K
28 YMM 0.02% 111,136 $1M $12.97 $129K
29 TAL 0.01% 40,746 $456K $11.20 $40K
30 CPNG —% -$15M -513,138 -100.0% SOLD
31 VNET —% -$347K -50,306 -100.0% SOLD
32 BEKE —% -$860K -48,473 -100.0% SOLD
33 IBN —% -$519K -15,424 -100.0% SOLD
34 HSAI —% -$11M -500,635 -100.0% SOLD
35 JD —% -$744K -22,792 -100.0% SOLD

New Positions

SymbolValue% Port
WAT $175M 2.03%
H $29M 0.34%

Sold Out Positions

SymbolValue% Port
CPNG —%
BEKE —%
IBN —%
JD —%
HSAI —%
VNET —%
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