Veritas Asset Management LLP

CIK

1541448

Location

London, X0

Portfolio Value

Mid $5,559,377,719

Diversification

Diversified

Filing Date

Global Rank

#684 / 8,618 ▼ 80

Top Industry

Diagnostics & Research 13.7%

3Y Alpha vs SPY

-3.6%

Period ended 50 days ago

Filed Aug 4, 2026 · 15d

26 quarters · since Mar 2020

Clone Performance

Aug 2023–Aug 2026 · vs SPY

Hypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.

Cloned portfolio

+58.9%

SPY

+75.8%

Annualised alpha

-4.0%

Max drawdown

−18.1%

Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. Returns use comparable raw closes and exclude dividends; a captured split can shorten the simulated window. It tracks 100% of reported value on average across 13 quarters. Past performance does not predict future results.

Portfolio Concentration

21 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

9.8%

+0.5 pts

Top 5

44.4%

+0.0 pts

Top 10

77.3%

−1.1 pts

HHI

701

Diversified−8

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Healthcare	31.7%	$1,762,416,363	7
Financial Services	28.1%	$1,560,739,226	4
Consumer Cyclical	14.4%	$800,551,530	2
Industrials	12.4%	$687,664,584	3
Technology	7.8%	$432,068,530	3
Basic Materials	5.5%	$306,641,064	1
Consumer Defensive	0.2%	$9,296,422	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
TMO	Thermo Fisher Scientific Inc.	+36,878	882,873	$442,637,207
TDG	TransDigm Group INC	+3,995	137,969	$183,780,226
No positions match the current search.

Trimmed

Positions the filer reduced

15 positions

Ticker	Company	Δ Shares	Shares	Value
CRM	Salesforce, Inc.	−2,202,145	51,741	$8,105,745
CP	Canadian Pacific Kansas City Ltd/Cn	−1,126,494	5,727,867	$496,319,675
UNH	Unitedhealth Group Inc	−803,870	1,078,201	$448,132,681
BDX	Becton Dickinson & Co	−629,501	1,393,329	$210,852,477
WAT	Waters Corp /De/	−349,189	851,624	$319,393,064
AMZN	Amazon Com Inc	−339,180	2,280,144	$543,449,520
ELV	Elevance Health, Inc.	−206,699	428,672	$165,780,322
MSFT	Microsoft Corp	−166,961	1,131,674	$422,137,035
ICE	Intercontinental Exchange, Inc.	−163,460	1,983,591	$244,199,888
AON	Aon plc	−112,166	1,408,111	$467,056,337
MA	Mastercard Inc	−67,969	995,345	$511,209,192
MDT	Medtronic plc	−66,018	96,690	$7,564,058
PM	Philip Morris International Inc.	−15,649	51,387	$9,296,422
H	Hyatt Hotels Corp	−9,885	1,326,362	$257,102,010
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−519	3,823	$1,825,750
No positions match the current search.

New Positions

Positions the filer opened this quarter

4 positions

Ticker	Company	Shares	Value
SPGI	S&P Global Inc.	830,609	$338,273,809
VMC	Vulcan Materials CO	1,039,426	$306,641,064
SYK	Stryker Corp	533,784	$168,056,554
OTIS	Otis Worldwide Corp	105,652	$7,564,683
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
CHTR	Charter Communications, Inc. /Mo/	1,113,053	$240,285,881
ZTS	Zoetis Inc.	1,252,898	$148,105,072
MSM	Msc Industrial Direct Co Inc	75,386	$6,955,866
PDD	PDD Holdings Inc.	10,020	$1,023,843
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

21 tracked positions · $5,559,377,719 total · filing declares 21 positions · $5,559,377,741 · as of Jun 30, 2026

All sectors Basic Materials Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AMZN	Amazon Com Inc Consumer Cyclical	Reduced	2,280,144	-339,180	$543,449,520	−0.4%	9.78%
MA	Mastercard Inc Financial Services	Reduced	995,345	-67,969	$511,209,192	−3.8%	9.20%
CP	Canadian Pacific Kansas City Ltd/Cn Industrials	Reduced	5,727,867	-1,126,494	$496,319,675	−7.9%	8.93%
AON	Aon plc Financial Services	Reduced	1,408,111	-112,166	$467,056,337	−4.8%	8.40%
UNH	Unitedhealth Group Inc Healthcare	Reduced	1,078,201	-803,870	$448,132,681	−12.0%	8.06%
TMO	Thermo Fisher Scientific Inc. Healthcare	Added	882,873	+36,878	$442,637,207	+6.4%	7.96%
MSFT	Microsoft Corp Technology	Reduced	1,131,674	-166,961	$422,137,035	−12.2%	7.59%
SPGI	S&P Global Inc. Financial Services	NEW	830,609	NEW	$338,273,809	NEW	6.08%
WAT	Waters Corp /De/ Healthcare	Reduced	851,624	-349,189	$319,393,064	−10.7%	5.75%
VMC	Vulcan Materials CO Basic Materials	NEW	1,039,426	NEW	$306,641,064	NEW	5.52%
H	Hyatt Hotels Corp Consumer Cyclical	Reduced	1,326,362	-9,885	$257,102,010	+33.8%	4.62%
ICE	Intercontinental Exchange, Inc. Financial Services	Reduced	1,983,591	-163,460	$244,199,888	−27.7%	4.39%
BDX	Becton Dickinson & Co Healthcare	Reduced	1,393,329	-629,501	$210,852,477	−33.7%	3.79%
TDG	TransDigm Group INC Industrials	Added	137,969	+3,995	$183,780,226	+18.4%	3.31%
SYK	Stryker Corp Healthcare	NEW	533,784	NEW	$168,056,554	NEW	3.02%
ELV	Elevance Health, Inc. Healthcare	Reduced	428,672	-206,699	$165,780,322	−10.9%	2.98%
PM	Philip Morris International Inc. Consumer Defensive	Reduced	51,387	-15,649	$9,296,422	−16.1%	0.17%
CRM	Salesforce, Inc. Technology	Reduced	51,741	-2,202,145	$8,105,745	−98.1%	0.15%
OTIS	Otis Worldwide Corp Industrials	NEW	105,652	NEW	$7,564,683	NEW	0.14%
MDT	Medtronic plc Healthcare	Reduced	96,690	-66,018	$7,564,058	−46.3%	0.14%
TSM	Taiwan Semiconductor Manufacturing Co Ltd Technology	Reduced	3,823	-519	$1,825,750	+24.4%	0.03%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.