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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
+9.67%
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
$11.9B
AUM Growth
-$307M
Cap. Flow
-$1.43B
Cap. Flow %
-12.06%
Top 10 Hldgs %
69.61%
Holding
33
New
2
Increased
10
Reduced
14
Closed
6

Top Buys

Rank Stock Value
1
XRAY icon
Dentsply Sirona
XRAY
+$76.4M
2
META icon
Meta Platforms (Facebook)
META
+$43.9M
3
CI icon
Cigna
CI
+$42M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$39.3M
5
PM icon
Philip Morris
PM
+$27.2M

Top Sells

Rank Stock Value
1
AXP icon
American Express
AXP
+$407M
2
QCOM icon
Qualcomm
QCOM
+$324M
3
BAX icon
Baxter International
BAX
+$303M
4
MSFT icon
Microsoft
MSFT
+$295M
5
CHTR icon
Charter Communications
CHTR
+$36.7M

Sector Composition

Rank Sector Weight
1 Healthcare 38.74%
2 Communication Services 30.8%
3 Technology 14.28%
4 Financials 6.07%
5 Consumer Discretionary 0.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CHTR icon
1
Charter Communications
CHTR
$16.2B
$1.41B 11.84%
4,314,568
-120,213
-3% -$36.7M
CI icon
2
Cigna
CI
$74.5B
$968M 8.15%
4,648,900
+226,700
+5% +$42M
CVS icon
3
CVS Health
CVS
$137B
$922M 7.76%
11,709,324
-181,100
-2% -$12.9M
TMO icon
4
Thermo Fisher Scientific
TMO
$198B
$765M 6.44%
3,135,559
-89,900
-3% -$20.7M
GOOGL icon
5
Alphabet (Google) Class A
GOOGL
$4.23T
$762M 6.42%
12,631,420
+650,000
+5% +$39.3M
UNH icon
6
UnitedHealth
UNH
$387B
$743M 6.26%
2,793,824
-87,855
-3% -$22.9M
AXP icon
7
American Express
AXP
$242B
$698M 5.88%
6,555,353
-3,916,432
-37% -$407M
CMCSA icon
8
Comcast
CMCSA
$85B
$659M 5.55%
18,605,759
+420,234
+2% +$14.9M
MSFT icon
9
Microsoft
MSFT
$2.93T
$627M 5.28%
5,480,725
-2,718,300
-33% -$295M
QCOM icon
10
Qualcomm
QCOM
$181B
$535M 4.51%
7,430,865
-4,916,500
-40% -$324M
XRAY icon
11
Dentsply Sirona
XRAY
$2.81B
$450M 3.79%
11,928,003
+1,835,402
+18% +$76.4M
META icon
12
Meta Platforms (Facebook)
META
$1.64T
$422M 3.55%
2,564,200
+242,300
+10% +$43.9M
BIDU icon
13
Baidu
BIDU
$36.5B
$409M 3.45%
1,789,487
-49,000
-3% -$11.5M
ORCL icon
14
Oracle
ORCL
$364B
$388M 3.27%
7,526,783
-184,262
-2% -$8.95M
BAX icon
15
Baxter International
BAX
$11.7B
$368M 3.09%
4,768,052
-4,083,953
-46% -$303M
WAT icon
16
Waters Corp
WAT
$36.2B
$321M 2.7%
1,648,651
-48,681
-3% -$9.43M
CERN
17
DELISTED
Cerner Corp
CERN
$289M 2.43%
4,487,572
-99,000
-2% -$6.3M
BKI
18
DELISTED
Black Knight, Inc. Common Stock
BKI
$145M 1.22%
2,797,337
-53,160
-2% -$2.85M
BABA icon
19
Alibaba
BABA
$276B
$85.7M 0.72%
520,313
+111,398
+27% +$19.7M
PFE icon
20
Pfizer
PFE
$143B
$64.3M 0.54%
1,538,208
+55,862
+4% +$2.15M
WELL icon
21
Welltower
WELL
$172B
$53.7M 0.45%
835,500
+19,500
+2% +$1.26M
PM icon
22
Philip Morris
PM
$301B
$27M 0.23%
+331,000
New +$27.2M
HDB icon
23
HDFC Bank
HDB
$135B
$22.6M 0.19%
960,000
-560,000
-37% -$14.3M
SRCL
24
DELISTED
Stericycle Inc
SRCL
$19.9M 0.17%
+339,079
New +$21.7M
FNV icon
25
Franco-Nevada
FNV
$38.7B
$7.73M 0.07%
123,600
+62,600
+103% +$4.28M
1
2

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Veritas Asset Management's Q3 2018 Portfolio in Review

As of Q3 2018, Veritas Asset Management held 33 positions worth $11.9B, down 2.5% from $12.2B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Veritas Asset Management withdrew a net $1.43B in Q3 2018, closing 6 positions and reducing 14 holdings. Its most notable exit was Stericycle, Inc, an estimated $22.7M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 39% of assets, up from 36% a quarter earlier, followed by Communication Services and Technology.

Against the trend, Veritas Asset Management opened a new position in Philip Morris worth $27M.

  • Veritas Asset Management's largest Q3 2018 buy was Philip Morris: 331,000 shares worth $27M.
  • Veritas Asset Management added most to Dentsply Sirona in Q3 2018, an estimated $76.4M increase.
  • Veritas Asset Management's biggest Q3 2018 reduction was American Express, cutting an estimated $407M.
  • Veritas Asset Management fully exited Stericycle, Inc in Q3 2018, selling an estimated $22.7M.
  • Veritas Asset Management's ten largest holdings make up 70% of its $11.9B portfolio in Q3 2018.
  • Veritas Asset Management opened 2 new positions and closed 6 in Q3 2018.
  • Veritas Asset Management's portfolio value fell 2.5% quarter-over-quarter to $11.9B.

Based on Veritas Asset Management's 13F filing for Q3 2018, filed 26 Oct 2018.