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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
(-12%)
Cap. Flow
-$1.6B
Cap. Flow
% of AUM
-15.63%
Top 10 Holdings %
Top 10 Hldgs %
72.57%
Holding
26
New
2
Increased
8
Reduced
12
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Canadian Pacific Kansas City
CP
|
+$166M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$53.2M |
| 3 |
Meta Platforms (Facebook)
META
|
+$31.2M |
| 4 |
Intercontinental Exchange
ICE
|
+$23.2M |
| 5 |
MSC Industrial Direct
MSM
|
+$21.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
American Express
AXP
|
+$558M |
| 2 |
Cigna
CI
|
+$408M |
| 3 |
Microsoft
MSFT
|
+$335M |
| 4 |
CVS Health
CVS
|
+$328M |
| 5 |
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 | |
|---|---|---|---|---|---|---|
1
Charter Communications
CHTR
$16.2B
| $1.34B | 13.03% |
3,246,763
+2,100
| +0.1% | +$847K |
|
|
2
Alphabet (Google) Class A
GOOGL
$4.23T
| $1.31B | 12.77% |
21,477,520
+898,000
| +4% | +$53.2M |
|
|
3
Meta Platforms (Facebook)
META
$1.64T
| $810M | 7.89% |
4,546,925
+164,000
| +4% | +$31.2M |
|
4
Thermo Fisher Scientific
TMO
$198B
| $780M | 7.6% |
2,679,227
-42,400
| -2% | -$12.1M |
|
|
5
Baxter International
BAX
$11.7B
| $559M | 5.44% |
6,386,849
-1,499,700
| -19% | -$128M |
|
|
6
Canadian Pacific Kansas City
CP
$83.2B
| $546M | 5.31% |
12,262,000
+3,531,000
| +40% | +$166M |
|
7
S&P Global
SPGI
$133B
| $544M | 5.3% |
2,218,807
-17,300
| -0.8% | -$4.32M |
|
|
8
Microsoft
MSFT
$2.93T
| $535M | 5.21% |
3,847,626
-2,436,486
| -39% | -$335M |
|
9
UnitedHealth
UNH
$387B
| $532M | 5.18% |
2,448,197
-24,900
| -1% | -$6.01M |
|
10
Philip Morris
PM
$301B
| $495M | 4.82% |
6,520,488
-61,400
| -0.9% | -$4.87M |
|
11
Dentsply Sirona
XRAY
$2.81B
| $486M | 4.73% |
9,108,127
-2,347,430
| -20% | -$126M |
|
|
12
Intercontinental Exchange
ICE
$79B
| $468M | 4.56% |
5,075,400
+254,600
| +5% | +$23.2M |
|
|
13
CVS Health
CVS
$137B
| $425M | 4.14% |
6,739,758
-5,530,000
| -45% | -$328M |
|
14
Comcast
CMCSA
$85B
| $416M | 4.05% |
9,224,873
-117,400
| -1% | -$5.2M |
|
|
15
Cigna
CI
$74.5B
| $395M | 3.85% |
2,601,329
-2,503,900
| -49% | -$408M |
|
16
Cooper Companies
COO
$14B
| $294M | 2.87% |
3,962,408
+37,200
| +0.9% | +$3M |
|
17
Alibaba
BABA
$276B
| $163M | 1.59% |
974,815
+85,500
| +10% | +$14.7M |
|
18
HDFC Bank
HDB
$135B
| $49.4M | 0.48% |
1,732,000
+612,000
| +55% | +$17.4M |
|
19
Trip.com Group
TCOM
$26.7B
| $34.7M | 0.34% |
1,185,000
| – | – |
|
20
Welltower
WELL
$172B
| $34.3M | 0.33% |
378,400
-187,500
| -33% | -$16.3M |
|
|
21
MSC Industrial Direct
MSM
$6.97B
| $22.7M | 0.22% |
+313,300
| New | +$21.9M |
|
22
Pfizer
PFE
$143B
| $16.6M | 0.16% |
487,791
-150,511
| -24% | -$5.47M |
|
23
Franco-Nevada
FNV
$38.7B
| $9.88M | 0.1% |
108,400
| – | – |
|
24
Yum China
YUMC
$15.1B
| $909K | 0.01% |
+20,000
| New | +$893K |
|
|
ONC
25
BeOne Medicines Ltd
ONC
$32.4B
| $735K | 0.01% |
6,000
| – | – |
|
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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.