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Asset Manager ← All Institutions

Veritas Asset Management LLP

Q4 2025 · Filed 2026-02-17
Market Value
$9.1B
+5.2%
Holdings
31
-4
New Purchases
2
Added To
4
Closed
5
Reduced
14
Top 10 Concentration
77.8%
Turnover
22.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
WAT 5.19% 2.03% +3.16% $471M
H 3.35% 0.34% +3.02% $305M
TDG 2.08% 0.00% +2.08% $189M
ICE 5.11% 4.01% +1.10% $464M
MA 4.95% 4.37% +0.58% $450M
TMO 7.23% 6.84% +0.39% $657M
CRM 8.65% 8.34% +0.30% $785M
SE 0.03% 0.00% +0.03% $3M
CTSH 0.07% 0.06% +0.01% $6M
HDB 0.09% 0.09% +0.00% $8M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
MSFT 11.10% 13.08% -1.98% $1.0B
SCHW 0.00% 1.65% -1.65% $0
CHTR 3.50% 4.92% -1.42% $318M
UNH 9.20% 10.61% -1.40% $836M
BIO 1.81% 2.74% -0.93% $165M
FUTU 0.00% 0.85% -0.85% $0
AON 7.74% 8.48% -0.74% $703M
ZTS 2.44% 3.03% -0.59% $222M
AMZN 11.12% 11.66% -0.55% $1.0B
BDX 6.14% 6.40% -0.26% $558M
HLT 0.00% 0.10% -0.10% $0
GOOGL 6.33% 6.43% -0.10% $575M
NTES 0.05% 0.08% -0.03% $5M
YMM 0.00% 0.02% -0.02% $0
TSM 0.02% 0.03% -0.01% $2M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 7 $3.9B 42.8%
Large Cap 20 $5.0B 55.3%
Mid Cap 4 $173M 1.9%

Portfolio Analytics

Avg Market Cap
$496.7B
Median Market Cap
$74.4B
Avg P/E
24.2
Median P/E
23.4
Avg Dividend Yield
0.01%
Avg Beta
0.83
# Stocks
31
# ETFs / Funds
0

Top Holdings (31 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 AMZN 11.12% 4,375,845 $1.0B $230.82 $3M -211,919 -4.6%
2 MSFT 11.10% 2,085,994 $1.0B $483.62 -$121M -95,835 -4.4%
3 UNH 9.20% 2,532,631 $836M $330.11 -$80M -120,364 -4.5%
4 CRM 8.65% 2,965,053 $785M $264.91 $65M -74,515 -2.5%
5 AON 7.74% 1,992,453 $703M $352.88 -$29M -61,220 -3.0%
6 TMO 7.23% 1,133,869 $657M $579.45 $66M -84,236 -6.9%
7 GOOGL 6.33% 1,836,779 $575M $313.00 $20M -447,413 -19.6%
8 BDX 6.14% 2,874,579 $558M $194.07 $5M -80,319 -2.7%
9 WAT 5.19% 1,241,206 $471M $379.83 $296M +656,436 +112.3%
10 ICE 5.11% 2,867,517 $464M $161.96 $118M +813,223 +39.6%
11 MA 4.95% 787,850 $450M $570.88 $72M +123,602 +18.6%
12 CHTR 3.50% 1,521,130 $318M $208.75 -$107M -23,397 -1.5%
13 ANTM 3.37% 873,993 $306M $350.55 $15M -28,907 -3.2%
14 H 3.35% 1,900,417 $305M $160.32 $276M +1,695,616 +827.9%
15 ZTS 2.44% 1,762,032 $222M $125.82 -$40M -24,265 -1.4%
16 TDG 2.08% 141,842 $189M $1,329.85 +141,842 NEW
17 BIO 1.81% 543,335 $165M $302.99 -$72M -300,704 -35.6%
18 MDT 0.19% 181,007 $17M $96.06 $148K
19 PM 0.12% 67,036 $11M $160.40 -$121K
20 HDB 0.09% 224,364 $8M $36.54 $534K
21 MSM 0.09% 94,539 $8M $84.10 -$760K
22 CTSH 0.07% 78,090 $6M $83.00 $1M
23 NTES 0.05% 32,957 $5M $137.62 -$2M -10,506 -24.2%
24 SE 0.03% 22,860 $3M $127.57 +22,860 NEW
25 PDD 0.03% 22,506 $3M $113.39 -$423K
26 TSM 0.02% 5,429 $2M $303.89 -$1M -4,531 -45.5%
27 SCHW —% -$142M -1,488,189 -100.0% SOLD
28 YMM —% -$1M -111,136 -100.0% SOLD
29 HLT —% -$9M -34,159 -100.0% SOLD
30 FUTU —% -$73M -420,857 -100.0% SOLD
31 TAL —% -$456K -40,746 -100.0% SOLD

New Positions

SymbolValue% Port
TDG $189M 2.08%
SE $3M 0.03%

Sold Out Positions

SymbolValue% Port
HLT —%
SCHW —%
TAL —%
YMM —%
FUTU —%
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