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VAM

Veritas Asset Management Portfolio holdings

AUM $5.9B
1-Year Est. Return 3.19%
This Fund
S&P 500
This Quarter Est. Return
+6.12%
1 Year Est. Return
-3.19%
3 Year Est. Return
+26.61%
5 Year Est. Return
+23.16%
10 Year Est. Return
+201.18%
AUM
$5.63B
AUM Growth
+$681M
Cap. Flow
+$356M
Cap. Flow %
6.32%
Top 10 Hldgs %
75.3%
Holding
35
New
7
Increased
10
Reduced
5
Closed
5

Top Buys

Rank Stock Value
1
BAX icon
Baxter International
BAX
+$229M
2
VZ icon
Verizon
VZ
+$146M
3
ORCL icon
Oracle
ORCL
+$52.3M
4
LH icon
Labcorp
LH
+$36.3M
5
C icon
Citigroup
C
+$29.5M

Top Sells

Rank Stock Value
1
LMT icon
Lockheed Martin
LMT
+$131M
2
BIDU icon
Baidu
BIDU
+$23.4M
3
JOYY
JOYY Inc
JOYY
+$16.1M
4
NTES icon
NetEase
NTES
+$10.1M
5
MSFT icon
Microsoft
MSFT
+$9.2M

Sector Composition

Rank Sector Weight
1 Healthcare 35.35%
2 Technology 27.87%
3 Industrials 10.11%
4 Communication Services 9.89%
5 Financials 8.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BIDU icon
26
Baidu
BIDU
$37.7B
$3.04M 0.05%
20,000
-140,000
-88% -$23.4M
YOKU
27
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
$2.8M 0.05%
+100,000
New +$3.11M
BITA
28
DELISTED
Bitauto Holdings Limited
BITA
$2.15M 0.04%
+60,000
New +$2.12M
HMIN
29
DELISTED
HOMEINNS HOTEL GROUP SPONSORED ADR
HMIN
$646K 0.01%
20,000
– –
TSM icon
30
TSMC
TSM
$2.1T
$400K 0.01%
+20,000
New +$358K
HDB icon
31
HDFC Bank
HDB
$123B
– –
-400,000
Closed -$3.44M
VIPS icon
32
Vipshop
VIPS
$7.37B
– –
-500,000
Closed -$4.18M
JOYY
33
JOYY Inc
JOYY
$3.71B
– –
-320,000
Closed -$16.1M
TTM
34
DELISTED
Tata Motors Limited
TTM
– –
-100,000
Closed -$3.08M
MY
35
DELISTED
CHINA MING YANG WIND PWR GRP LTD ADS RSPTG 1 ORD SHS (CHINA)
MY
– –
-400,000
Closed -$980K
1
2

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Veritas Asset Management's Q1 2014 Portfolio in Review

As of Q1 2014, Veritas Asset Management held 35 positions worth $5.63B, up 14% from $4.95B the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Veritas Asset Management deployed $356M of net new capital in Q1 2014, opening 7 new positions and adding to 10 existing holdings. Its largest new stake was Verizon: 3,085,524 shares worth $147M.

By sector, the portfolio is most concentrated in Healthcare at 35% of assets, up from 31% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was Lockheed Martin, an estimated $131M trimmed.

  • Veritas Asset Management's largest Q1 2014 buy was Verizon: 3,085,524 shares worth $147M.
  • Veritas Asset Management added most to Baxter International in Q1 2014, an estimated $229M increase.
  • Veritas Asset Management's biggest Q1 2014 reduction was Lockheed Martin, cutting an estimated $131M.
  • Veritas Asset Management fully exited JOYY Inc in Q1 2014, selling an estimated $16.1M.
  • Veritas Asset Management's ten largest holdings make up 75% of its $5.63B portfolio in Q1 2014.
  • Veritas Asset Management opened 7 new positions and closed 5 in Q1 2014.
  • Veritas Asset Management's portfolio value rose 14% quarter-over-quarter to $5.63B.

Based on Veritas Asset Management's 13F filing for Q1 2014, filed 15 May 2014.