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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
+3.44%
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
-$171M
Cap. Flow
-$537M
Cap. Flow %
-4.41%
Top 10 Hldgs %
66.07%
Holding
34
New
3
Increased
10
Reduced
13
Closed
3

Top Buys

Rank Stock Value
1
CHTR icon
Charter Communications
CHTR
+$504M
2
CI icon
Cigna
CI
+$343M
3
XRAY icon
Dentsply Sirona
XRAY
+$78.7M
4
CERN
Cerner Corp
CERN
+$55.5M
5
CVS icon
CVS Health
CVS
+$33.5M

Top Sells

Rank Stock Value
1
CMCSA icon
Comcast
CMCSA
+$522M
2
ESRX
Express Scripts Holding Company
ESRX
+$224M
3
AXP icon
American Express
AXP
+$150M
4
BIDU icon
Baidu
BIDU
+$73.9M
5
TMO icon
Thermo Fisher Scientific
TMO
+$55.1M

Sector Composition

Rank Sector Weight
1 Healthcare 35.87%
2 Communication Services 28.5%
3 Technology 16.37%
4 Financials 8.75%
5 Consumer Discretionary 0.62%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ONC
26
BeOne Medicines Ltd
ONC
$32.8B
$3.38M 0.03%
+22,000
New +$3.92M
CBPO
27
DELISTED
China Biologic Products Holdings, Inc.
CBPO
$993K 0.01%
+10,000
New +$864K
WB icon
28
Weibo
WB
$2B
$710K 0.01%
+8,000
New +$870K
BITA
29
DELISTED
Bitauto Holdings Limited
BITA
$476K ﹤0.01%
20,000
– –
HTHT icon
30
Huazhu Hotels Group
HTHT
$13.1B
– –
-164,000
Closed -$5.4M
TCOM icon
31
Trip.com Group
TCOM
$29.6B
– –
-300,000
Closed -$14M
ESRX
32
DELISTED
Express Scripts Holding Company
ESRX
– –
-3,243,707
Closed -$224M
1
2

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Veritas Asset Management's Q2 2018 Portfolio in Review

As of Q2 2018, Veritas Asset Management held 34 positions worth $12.2B, down 1.4% from $12.4B the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Veritas Asset Management withdrew a net $537M in Q2 2018, closing 3 positions and reducing 13 holdings. Its most notable exit was Express Scripts Holding Company, an estimated $224M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 36% of assets, up from 34% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Veritas Asset Management opened a new position in BeOne Medicines Ltd worth $3.38M.

  • Veritas Asset Management's largest Q2 2018 buy was BeOne Medicines Ltd: 22,000 shares worth $3.38M.
  • Veritas Asset Management added most to Charter Communications in Q2 2018, an estimated $504M increase.
  • Veritas Asset Management's biggest Q2 2018 reduction was Comcast, cutting an estimated $522M.
  • Veritas Asset Management fully exited Express Scripts Holding Company in Q2 2018, selling an estimated $224M.
  • Veritas Asset Management's ten largest holdings make up 66% of its $12.2B portfolio in Q2 2018.
  • Veritas Asset Management opened 3 new positions and closed 3 in Q2 2018.
  • Veritas Asset Management's portfolio value fell 1.4% quarter-over-quarter to $12.2B.

Based on Veritas Asset Management's 13F filing for Q2 2018, filed 1 Aug 2018.