Veritas Asset Management LLP

CIK

1541448

Location

London, X0

Portfolio Value

Micro $11,083,732

Diversification

Diversified

Filing Date

Global Rank

#454 / 8,232 ▼ 111

Top Industry

Diagnostics & Research 13.1%

3Y Alpha vs SPY

-15.7%

Period ended 2 months ago

Filed May 14, 2026 · 31d

25 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+16.0%

SPY

+76.3%

Annualised alpha

-15.7%

Max drawdown

−17.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

21 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

9.2%

−1.2 pts

Top 5

44.3%

−0.7 pts

Top 10

78.4%

+3.8 pts

HHI

709

Diversified+31

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Healthcare	33.0%	$1,948,961,764	7
Financial Services	23.0%	$1,359,698,664	3
Technology	15.3%	$902,915,994	3
Consumer Cyclical	12.5%	$738,689,408	3
Industrials	11.9%	$701,390,409	3
Communication Services	4.1%	$240,285,881	1
Consumer Defensive	0.2%	$11,083,732	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
MA	Mastercard Inc	+275,464	1,063,314	$531,295,473
No positions match the current search.

Trimmed

Positions the filer reduced

19 positions

Ticker	Company	Δ Shares	Shares	Value
CP	Canadian Pacific Kansas City Ltd/Cn	−2,490,088	6,854,361	$539,164,036
AMZN	Amazon Com Inc	−1,756,521	2,619,324	$545,526,609
BDX	Becton Dickinson & Co	−851,749	2,022,830	$318,049,560
MSFT	Microsoft Corp	−787,359	1,298,635	$480,715,717
ICE	Intercontinental Exchange, Inc.	−720,466	2,147,051	$337,688,181
CRM	Salesforce, Inc.	−711,167	2,253,886	$420,732,899
UNH	Unitedhealth Group Inc	−650,560	1,882,071	$509,269,591
H	Hyatt Hotels Corp	−564,170	1,336,247	$192,138,956
ZTS	Zoetis Inc.	−509,134	1,252,898	$148,105,072
AON	Aon plc	−472,176	1,520,277	$490,715,010
CHTR	Charter Communications, Inc. /Mo/	−408,077	1,113,053	$240,285,881
TMO	Thermo Fisher Scientific Inc.	−287,874	845,995	$415,831,922
ELV	Elevance Health, Inc.	−238,622	635,371	$186,004,860
WAT	Waters Corp /De/	−40,393	1,200,813	$357,602,111
MSM	Msc Industrial Direct Co Inc	−19,153	75,386	$6,955,866
MDT	Medtronic plc	−18,299	162,708	$14,098,648
PDD	PDD Holdings Inc.	−12,486	10,020	$1,023,843
TDG	TransDigm Group INC	−7,868	133,974	$155,270,507
TSM	Taiwan Semiconductor Manufacturing Co Ltd	−1,087	4,342	$1,467,378
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

6 positions

Ticker	Company	Shares	Value
GOOGL	Alphabet Inc.	1,836,779	$574,911,827
BIO	Bio-Rad Laboratories, Inc.	543,335	$164,625,071
HDB	Hdfc Bank Ltd	224,364	$8,198,260
CTSH	Cognizant Technology Solutions Corp	78,090	$6,481,470
NTES	NetEase, Inc.	32,957	$4,535,542
SE	Sea Ltd	22,860	$2,916,250
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

1 positions · $11,083,732 total · Consumer Defensive only · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio	History
PM	Philip Morris International Inc. Consumer Defensive	Held	67,036	0	$11,083,732	+3.1%	100.00%