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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
+6.12%
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
$5.63B
AUM Growth
+$681M
Cap. Flow
+$356M
Cap. Flow %
6.32%
Top 10 Hldgs %
75.3%
Holding
35
New
7
Increased
10
Reduced
5
Closed
5

Top Buys

Rank Stock Value
1
BAX icon
Baxter International
BAX
+$229M
2
VZ icon
Verizon
VZ
+$146M
3
ORCL icon
Oracle
ORCL
+$52.3M
4
LH icon
Labcorp
LH
+$36.3M
5
C icon
Citigroup
C
+$29.5M

Top Sells

Rank Stock Value
1
LMT icon
Lockheed Martin
LMT
+$131M
2
BIDU icon
Baidu
BIDU
+$23.4M
3
JOYY
JOYY Inc
JOYY
+$16.1M
4
NTES icon
NetEase
NTES
+$10.1M
5
MSFT icon
Microsoft
MSFT
+$9.2M

Sector Composition

Rank Sector Weight
1 Healthcare 35.35%
2 Technology 27.87%
3 Industrials 10.11%
4 Communication Services 9.89%
5 Financials 8.31%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSFT icon
1
Microsoft
MSFT
$2.93T
$758M 13.47%
18,503,000
-245,000
-1% -$9.2M
LMT icon
2
Lockheed Martin
LMT
$117B
$569M 10.11%
3,486,862
-832,100
-19% -$131M
QCOM icon
3
Qualcomm
QCOM
$181B
$489M 8.69%
6,204,000
+122,000
+2% +$9.19M
UNH icon
4
UnitedHealth
UNH
$387B
$445M 7.89%
5,422,880
– –
GOOG icon
5
Alphabet (Google) Class C
GOOG
$4.22T
$403M 7.16%
14,520,222
– –
CVS icon
6
CVS Health
CVS
$137B
$374M 6.64%
4,994,848
+309,828
+7% +$21.9M
LH icon
7
Labcorp
LH
$23.2B
$335M 5.96%
3,975,782
+455,823
+13% +$36.3M
ORCL icon
8
Oracle
ORCL
$364B
$306M 5.44%
7,485,500
+1,374,800
+22% +$52.3M
AGN
9
DELISTED
Allergan Inc
AGN
$286M 5.09%
2,307,800
-16,400
-0.7% -$2M
WAT icon
10
Waters Corp
WAT
$36.2B
$274M 4.87%
2,529,280
– –
BAX icon
11
Baxter International
BAX
$11.7B
$256M 4.54%
6,402,262
+6,113,041
+2,114% +$229M
VAR
12
DELISTED
Varian Medical Systems, Inc.
VAR
$251M 4.46%
3,409,177
+20,439
+0.6% +$1.47M
NTRS icon
13
Northern Trust
NTRS
$34.2B
$248M 4.4%
3,778,850
– –
C icon
14
Citigroup
C
$217B
$221M 3.92%
4,633,200
+591,600
+15% +$29.5M
BP icon
15
BP
BP
$108B
$168M 2.98%
4,261,799
– –
VZ icon
16
Verizon
VZ
$182B
$147M 2.61%
+3,085,524
New +$146M
SLB icon
17
SLB Ltd
SLB
$70.3B
$35.4M 0.63%
363,000
– –
WX
18
DELISTED
WUXI PHARMATECH, CAYMAN INC REPSTG 8 ORD SHS
WX
$10.3M 0.18%
280,000
+100,000
+56% +$3.67M
RMD icon
19
ResMed
RMD
$28.9B
$10.1M 0.18%
225,000
+25,000
+13% +$1.12M
MLCO icon
20
Melco Resorts & Entertainment
MLCO
$2.12B
$9.66M 0.17%
+250,000
New +$10.4M
QIHU
21
DELISTED
QIHOO 360 TECHNOLOGY CO LTD ADS RPSTG 3 CL A SHS
QIHU
$8.96M 0.16%
+90,000
New +$8.98M
AZO icon
22
AutoZone
AZO
$49.7B
$5.59M 0.1%
10,400
– –
FNV icon
23
Franco-Nevada
FNV
$38.7B
$4.87M 0.09%
106,100
+11,300
+12% +$542K
NTES icon
24
NetEase
NTES
$84.1B
$4.04M 0.07%
300,000
-700,000
-70% -$10.1M
TSL
25
DELISTED
Trina Solar Limited
TSL
$3.36M 0.06%
+250,000
New +$3.83M
1
2

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Veritas Asset Management's Q1 2014 Portfolio in Review

As of Q1 2014, Veritas Asset Management held 35 positions worth $5.63B, up 14% from $4.95B the previous quarter. Its ten largest holdings account for 75% of the portfolio.

Veritas Asset Management deployed $356M of net new capital in Q1 2014, opening 7 new positions and adding to 10 existing holdings. Its largest new stake was Verizon: 3,085,524 shares worth $147M.

By sector, the portfolio is most concentrated in Healthcare at 35% of assets, up from 31% a quarter earlier, followed by Technology and Industrials.

On the sell side, the largest reduction was Lockheed Martin, an estimated $131M trimmed.

  • Veritas Asset Management's largest Q1 2014 buy was Verizon: 3,085,524 shares worth $147M.
  • Veritas Asset Management added most to Baxter International in Q1 2014, an estimated $229M increase.
  • Veritas Asset Management's biggest Q1 2014 reduction was Lockheed Martin, cutting an estimated $131M.
  • Veritas Asset Management fully exited JOYY Inc in Q1 2014, selling an estimated $16.1M.
  • Veritas Asset Management's ten largest holdings make up 75% of its $5.63B portfolio in Q1 2014.
  • Veritas Asset Management opened 7 new positions and closed 5 in Q1 2014.
  • Veritas Asset Management's portfolio value rose 14% quarter-over-quarter to $5.63B.

Based on Veritas Asset Management's 13F filing for Q1 2014, filed 15 May 2014.