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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
+6.64%
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
$8.82B
AUM Growth
-$277M
Cap. Flow
-$773M
Cap. Flow %
-8.76%
Top 10 Hldgs %
70.9%
Holding
35
New
3
Increased
16
Reduced
8
Closed
4

Top Buys

Rank Stock Value
1
CVS icon
CVS Health
CVS
+$39.3M
2
ESRX
Express Scripts Holding Company
ESRX
+$38M
3
CHTR icon
Charter Communications
CHTR
+$31M
4
AXP icon
American Express
AXP
+$29.4M
5
CMCSA icon
Comcast
CMCSA
+$27.8M

Top Sells

Rank Stock Value
1
AGN
Allergan plc
AGN
+$492M
2
QCOM icon
Qualcomm
QCOM
+$387M
3
MSFT icon
Microsoft
MSFT
+$129M
4
MCO icon
Moody's
MCO
+$20.5M
5
PFE icon
Pfizer
PFE
+$17.3M

Sector Composition

Rank Sector Weight
1 Healthcare 31.34%
2 Communication Services 30.78%
3 Technology 19.68%
4 Financials 6.04%
5 Energy 4.93%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NTES icon
26
NetEase
NTES
$85.3B
$2.6M 0.03%
54,000
+15,000
+38% +$638K
FNV icon
27
Franco-Nevada
FNV
$41.1B
$2.55M 0.03%
36,500
-16,000
-30% -$1.2M
TAL icon
28
TAL Education Group
TAL
$6.93B
$1.06M 0.01%
+90,000
New +$949K
MOMO
29
Hello Group
MOMO
$885M
$450K 0.01%
20,000
-205,000
-91% -$3.63M
QCOM icon
30
Qualcomm
QCOM
$155B
– –
-7,221,006
Closed -$387M
RMD icon
31
ResMed
RMD
$30.6B
– –
-100,000
Closed -$6.32M
AGN
32
DELISTED
Allergan plc
AGN
– –
-2,129,805
Closed -$492M
QIHU
33
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
– –
-10,000
Closed -$730K
1
2

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Veritas Asset Management's Q3 2016 Portfolio in Review

As of Q3 2016, Veritas Asset Management held 35 positions worth $8.82B, down 3% from $9.1B the previous quarter. Its ten largest holdings account for 71% of the portfolio.

Veritas Asset Management withdrew a net $773M in Q3 2016, closing 4 positions and reducing 8 holdings. Its most notable exit was Allergan plc, an estimated $492M position sold in full.

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

Against the trend, Veritas Asset Management opened a new position in TAL Education Group worth $1.06M.

  • Veritas Asset Management's largest Q3 2016 buy was TAL Education Group: 90,000 shares worth $1.06M.
  • Veritas Asset Management added most to CVS Health in Q3 2016, an estimated $39.3M increase.
  • Veritas Asset Management's biggest Q3 2016 reduction was Microsoft, cutting an estimated $129M.
  • Veritas Asset Management fully exited Allergan plc in Q3 2016, selling an estimated $492M.
  • Veritas Asset Management's ten largest holdings make up 71% of its $8.82B portfolio in Q3 2016.
  • Veritas Asset Management opened 3 new positions and closed 4 in Q3 2016.
  • Veritas Asset Management's portfolio value fell 3% quarter-over-quarter to $8.82B.

Based on Veritas Asset Management's 13F filing for Q3 2016, filed 7 Nov 2016.