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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
+9.4%
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
$13.9B
AUM Growth
+$608M
Cap. Flow
-$510M
Cap. Flow %
-3.67%
Top 10 Hldgs %
70.39%
Holding
35
New
–
Increased
7
Reduced
19
Closed
2

Top Buys

Rank Stock Value
1
TMO icon
Thermo Fisher Scientific
TMO
+$338M
2
BDX icon
Becton Dickinson
BDX
+$63.1M
3
FISV
Fiserv Inc
FISV
+$43.7M
4
YUMC icon
Yum China
YUMC
+$23.7M
5
CP icon
Canadian Pacific Kansas City
CP
+$17.8M

Top Sells

Rank Stock Value
1
MCO icon
Moody's
MCO
+$222M
2
CHTR icon
Charter Communications
CHTR
+$200M
3
UNH icon
UnitedHealth
UNH
+$136M
4
HTHT icon
Huazhu Hotels Group
HTHT
+$84.6M
5
EFX icon
Equifax
EFX
+$73.9M

Sector Composition

Rank Sector Weight
1 Healthcare 32.27%
2 Financials 20.44%
3 Technology 14.11%
4 Communication Services 13.97%
5 Industrials 10.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HDB icon
26
HDFC Bank
HDB
$121B
$11.4M 0.08%
339,544
+56,000
+20% +$1.69M
PM icon
27
Philip Morris
PM
$296B
$10.7M 0.08%
113,358
– –
CTSH icon
28
Cognizant
CTSH
$25.7B
$8.71M 0.06%
115,295
– –
INFY icon
29
Infosys
INFY
$50.5B
$7.72M 0.06%
420,000
– –
CSCO icon
30
Cisco
CSCO
$477B
$6.24M 0.04%
123,560
-38,414
-24% -$1.96M
IBN icon
31
ICICI Bank
IBN
$108B
$5.96M 0.04%
250,000
– –
PDD icon
32
Pinduoduo
PDD
$131B
$3.27M 0.02%
22,377
-29,673
-57% -$3.6M
KO icon
33
Coca-Cola
KO
$374B
$2.73M 0.02%
46,387
– –
CPNG icon
34
Coupang
CPNG
$29.8B
– –
-1,350,000
Closed -$22.9M
HTHT icon
35
Huazhu Hotels Group
HTHT
$13.1B
– –
-2,145,540
Closed -$84.6M
1
2

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Veritas Asset Management's Q4 2023 Portfolio in Review

As of Q4 2023, Veritas Asset Management held 35 positions worth $13.9B, up 4.6% from $13.3B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Veritas Asset Management withdrew a net $510M in Q4 2023, closing 2 positions and reducing 19 holdings. Its most notable exit was Huazhu Hotels Group, an estimated $84.6M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 32% of assets, up from 30% a quarter earlier, followed by Financials and Technology.

Against the trend, Veritas Asset Management added an estimated $338M to Thermo Fisher Scientific.

  • Veritas Asset Management added most to Thermo Fisher Scientific in Q4 2023, an estimated $338M increase.
  • Veritas Asset Management's biggest Q4 2023 reduction was Moody's, cutting an estimated $222M.
  • Veritas Asset Management fully exited Huazhu Hotels Group in Q4 2023, selling an estimated $84.6M.
  • Veritas Asset Management's ten largest holdings make up 70% of its $13.9B portfolio in Q4 2023.
  • Veritas Asset Management opened 0 new positions and closed 2 in Q4 2023.
  • Veritas Asset Management's portfolio value rose 4.6% quarter-over-quarter to $13.9B.

Based on Veritas Asset Management's 13F filing for Q4 2023, filed 14 Feb 2024.