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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
+4.85%
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
$12.2B
AUM Growth
-$575M
Cap. Flow
-$991M
Cap. Flow %
-8.1%
Top 10 Hldgs %
68.01%
Holding
32
New
3
Increased
11
Reduced
9
Closed
5

Top Buys

Rank Stock Value
1
QCOM icon
Qualcomm
QCOM
+$288M
2
TMO icon
Thermo Fisher Scientific
TMO
+$194M
3
AXP icon
American Express
AXP
+$63.3M
4
CMCSA icon
Comcast
CMCSA
+$46.8M
5
ESRX
Express Scripts Holding Company
ESRX
+$28.6M

Top Sells

Rank Stock Value
1
CHTR icon
Charter Communications
CHTR
+$438M
2
UNH icon
UnitedHealth
UNH
+$422M
3
ORCL icon
Oracle
ORCL
+$420M
4
TSM icon
TSMC
TSM
+$413M
5
MSFT icon
Microsoft
MSFT
+$7.58M

Sector Composition

Rank Sector Weight
1 Healthcare 32.79%
2 Communication Services 30.14%
3 Technology 14.98%
4 Financials 8.42%
5 Real Estate 0.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HTHT icon
26
Huazhu Hotels Group
HTHT
$13.3B
– –
-40,000
Closed -$807K
TSM icon
27
TSMC
TSM
$1.94T
– –
-11,819,469
Closed -$413M
GSUM
28
DELISTED
Gridsum Holding Inc.
GSUM
– –
-20,000
Closed -$171K
CBPO
29
DELISTED
China Biologic Products Holdings, Inc.
CBPO
– –
-15,000
Closed -$1.7M
SHPG
30
DELISTED
Shire pic
SHPG
– –
-14,612
Closed -$2.42M
1
2

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LIP
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Veritas Asset Management's Q3 2017 Portfolio in Review

As of Q3 2017, Veritas Asset Management held 32 positions worth $12.2B, down 4.5% from $12.8B the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Veritas Asset Management withdrew a net $991M in Q3 2017, closing 5 positions and reducing 9 holdings. Its most notable exit was TSMC, an estimated $413M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 33% of assets, up from 32% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Veritas Asset Management opened a new position in NetEase worth $18.2M.

  • Veritas Asset Management's largest Q3 2017 buy was NetEase: 345,000 shares worth $18.2M.
  • Veritas Asset Management added most to Qualcomm in Q3 2017, an estimated $288M increase.
  • Veritas Asset Management's biggest Q3 2017 reduction was Charter Communications, cutting an estimated $438M.
  • Veritas Asset Management fully exited TSMC in Q3 2017, selling an estimated $413M.
  • Veritas Asset Management's ten largest holdings make up 68% of its $12.2B portfolio in Q3 2017.
  • Veritas Asset Management opened 3 new positions and closed 5 in Q3 2017.
  • Veritas Asset Management's portfolio value fell 4.5% quarter-over-quarter to $12.2B.

Based on Veritas Asset Management's 13F filing for Q3 2017, filed 1 Nov 2017.