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VAM

Veritas Asset Management Portfolio holdings

AUM $5.56B
1-Year Est. Return 3.46%
This Fund
S&P 500
This Quarter Est. Return
-1.63%
1 Year Est. Return
+3.46%
3 Year Est. Return
+32.15%
5 Year Est. Return
+25.81%
10 Year Est. Return
+225.06%
AUM
$13.3B
AUM Growth
-$1.1B
Cap. Flow
-$786M
Cap. Flow %
-5.91%
Top 10 Hldgs %
69.45%
Holding
38
New
–
Increased
6
Reduced
22
Closed
3

Top Buys

Rank Stock Value
1
EFX icon
Equifax
EFX
+$134M
2
ELV icon
Elevance Health
ELV
+$31.2M
3
CPNG icon
Coupang
CPNG
+$21.6M
4
YUMC icon
Yum China
YUMC
+$8.39M
5
TSM icon
TSMC
TSM
+$803K

Top Sells

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$316M
2
MSFT icon
Microsoft
MSFT
+$266M
3
MA icon
Mastercard
MA
+$87.6M
4
ADP icon
Automatic Data Processing
ADP
+$63M
5
AMZN icon
Amazon
AMZN
+$35.5M

Sector Composition

Rank Sector Weight
1 Healthcare 30.48%
2 Financials 20.75%
3 Communication Services 16.59%
4 Technology 13.28%
5 Industrials 9.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSM icon
26
MSC Industrial Direct
MSM
$6.86B
$11.5M 0.09%
116,681
-5,455
-4% -$538K
MDT icon
27
Medtronic
MDT
$112B
$10.7M 0.08%
136,771
– –
PM icon
28
Philip Morris
PM
$295B
$10.5M 0.08%
113,358
– –
CSCO icon
29
Cisco
CSCO
$479B
$8.71M 0.07%
161,974
-60,851
-27% -$3.28M
HDB icon
30
HDFC Bank
HDB
$121B
$8.37M 0.06%
283,544
– –
CTSH icon
31
Cognizant
CTSH
$26B
$7.81M 0.06%
115,295
– –
INFY icon
32
Infosys
INFY
$50.7B
$7.19M 0.05%
420,000
– –
IBN icon
33
ICICI Bank
IBN
$108B
$5.78M 0.04%
250,000
– –
PDD icon
34
Pinduoduo
PDD
$131B
$5.1M 0.04%
52,050
-249,250
-83% -$21.5M
KO icon
35
Coca-Cola
KO
$375B
$2.6M 0.02%
46,387
– –
CVS icon
36
CVS Health
CVS
$122B
– –
-32,262
Closed -$2.23M
GOOG icon
37
Alphabet (Google) Class C
GOOG
$4.32T
– –
-22,341
Closed -$2.7M
ZTO icon
38
ZTO Express
ZTO
$17.9B
– –
-1,030,000
Closed -$25.8M
1
2

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GVAG
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Veritas Asset Management's Q3 2023 Portfolio in Review

As of Q3 2023, Veritas Asset Management held 38 positions worth $13.3B, down 7.6% from $14.4B the previous quarter. Its ten largest holdings account for 69% of the portfolio.

Veritas Asset Management withdrew a net $786M in Q3 2023, closing 3 positions and reducing 22 holdings. Its most notable exit was ZTO Express, an estimated $25.8M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 30% of assets, up from 30% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Veritas Asset Management added an estimated $134M to Equifax.

  • Veritas Asset Management added most to Equifax in Q3 2023, an estimated $134M increase.
  • Veritas Asset Management's biggest Q3 2023 reduction was Alphabet (Google) Class A, cutting an estimated $316M.
  • Veritas Asset Management fully exited ZTO Express in Q3 2023, selling an estimated $25.8M.
  • Veritas Asset Management's ten largest holdings make up 69% of its $13.3B portfolio in Q3 2023.
  • Veritas Asset Management opened 0 new positions and closed 3 in Q3 2023.
  • Veritas Asset Management's portfolio value fell 7.6% quarter-over-quarter to $13.3B.

Based on Veritas Asset Management's 13F filing for Q3 2023, filed 20 Oct 2023.