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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
+1.7%
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
$10.3B
AUM Growth
-$1.46B
Cap. Flow
-$1.6B
Cap. Flow %
-15.63%
Top 10 Hldgs %
72.57%
Holding
26
New
2
Increased
8
Reduced
12
Closed
1

Top Buys

Rank Stock Value
1
CP icon
Canadian Pacific Kansas City
CP
+$166M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$53.2M
3
META icon
Meta Platforms (Facebook)
META
+$31.2M
4
ICE icon
Intercontinental Exchange
ICE
+$23.2M
5
MSM icon
MSC Industrial Direct
MSM
+$21.9M

Top Sells

Rank Stock Value
1
AXP icon
American Express
AXP
+$558M
2
CI icon
Cigna
CI
+$408M
3
MSFT icon
Microsoft
MSFT
+$335M
4
CVS icon
CVS Health
CVS
+$328M
5
BAX icon
Baxter International
BAX
+$128M

Sector Composition

Rank Sector Weight
1 Communication Services 37.75%
2 Healthcare 33.98%
3 Financials 10.34%
4 Industrials 5.54%
5 Technology 5.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AXP icon
26
American Express
AXP
$227B
– –
-4,523,484
Closed -$558M
1
2

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Veritas Asset Management's Q3 2019 Portfolio in Review

As of Q3 2019, Veritas Asset Management held 26 positions worth $10.3B, down 12% from $11.7B the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Veritas Asset Management withdrew a net $1.6B in Q3 2019, closing 1 position and reducing 12 holdings. Its most notable exit was American Express, an estimated $558M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 38% of assets, up from 31% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Veritas Asset Management opened a new position in MSC Industrial Direct worth $22.7M.

  • Veritas Asset Management's largest Q3 2019 buy was MSC Industrial Direct: 313,300 shares worth $22.7M.
  • Veritas Asset Management added most to Canadian Pacific Kansas City in Q3 2019, an estimated $166M increase.
  • Veritas Asset Management's biggest Q3 2019 reduction was Cigna, cutting an estimated $408M.
  • Veritas Asset Management fully exited American Express in Q3 2019, selling an estimated $558M.
  • Veritas Asset Management's ten largest holdings make up 73% of its $10.3B portfolio in Q3 2019.
  • Veritas Asset Management opened 2 new positions and closed 1 in Q3 2019.
  • Veritas Asset Management's portfolio value fell 12% quarter-over-quarter to $10.3B.

Based on Veritas Asset Management's 13F filing for Q3 2019, filed 31 Oct 2019.