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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
+15.46%
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
$13.7B
AUM Growth
+$1.07B
Cap. Flow
-$755M
Cap. Flow %
-5.53%
Top 10 Hldgs %
68.16%
Holding
34
New
2
Increased
12
Reduced
12
Closed
4

Top Buys

Rank Stock Value
1
RTX icon
RTX Corp
RTX
+$681M
2
BABA icon
Alibaba
BABA
+$171M
3
MA icon
Mastercard
MA
+$117M
4
COO icon
Cooper Companies
COO
+$27.2M
5
CI icon
Cigna
CI
+$23M

Top Sells

Rank Stock Value
1
RTN
Raytheon Company
RTN
+$545M
2
META icon
Meta Platforms (Facebook)
META
+$354M
3
OPTU
Optimum Communications Inc
OPTU
+$295M
4
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$274M
5
CHTR icon
Charter Communications
CHTR
+$172M

Sector Composition

Rank Sector Weight
1 Healthcare 36.43%
2 Communication Services 30.25%
3 Financials 11.74%
4 Industrials 11.3%
5 Consumer Discretionary 6.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CHTR icon
1
Charter Communications
CHTR
$16.2B
$1.51B 11.03%
2,953,059
-338,442
-10% -$172M
GOOGL icon
2
Alphabet (Google) Class A
GOOGL
$4.23T
$1.39B 10.15%
19,543,560
-4,061,660
-17% -$274M
CP icon
3
Canadian Pacific Kansas City
CP
$83.2B
$852M 6.24%
16,682,915
+214,415
+1% +$10.2M
META icon
4
Meta Platforms (Facebook)
META
$1.64T
$847M 6.2%
3,731,901
-1,697,708
-31% -$354M
BABA icon
5
Alibaba
BABA
$276B
$816M 5.97%
3,781,120
+820,105
+28% +$171M
CI icon
6
Cigna
CI
$74.5B
$814M 5.96%
4,335,465
+121,036
+3% +$23M
MA icon
7
Mastercard
MA
$480B
$795M 5.82%
2,690,048
+414,848
+18% +$117M
UNH icon
8
UnitedHealth
UNH
$387B
$776M 5.68%
2,630,644
+13,047
+0.5% +$3.74M
BAX icon
9
Baxter International
BAX
$11.7B
$770M 5.64%
8,942,428
-10,521
-0.1% -$916K
ICE icon
10
Intercontinental Exchange
ICE
$79B
$748M 5.48%
8,165,409
+54,109
+0.7% +$4.95M
CVS icon
11
CVS Health
CVS
$137B
$681M 4.99%
10,485,063
+249,405
+2% +$15.7M
RTX icon
12
RTX Corp
RTX
$261B
$672M 4.92%
+10,907,194
New +$681M
TMO icon
13
Thermo Fisher Scientific
TMO
$198B
$660M 4.83%
1,821,081
-15,451
-0.8% -$5.18M
ABT icon
14
Abbott
ABT
$175B
$461M 3.38%
5,044,604
-4,437
-0.1% -$401K
COO icon
15
Cooper Companies
COO
$14B
$447M 3.27%
6,303,044
+366,584
+6% +$27.2M
OPTU
16
Optimum Communications Inc
OPTU
$337M
$392M 2.87%
17,412,857
-12,045,718
-41% -$295M
PM icon
17
Philip Morris
PM
$301B
$391M 2.86%
5,574,713
-879,775
-14% -$64.1M
BDX icon
18
Becton Dickinson
BDX
$43.6B
$359M 2.63%
1,537,330
+7,312
+0.5% +$1.76M
SE icon
19
Sea Limited
SE
$63.7B
$68.4M 0.5%
637,816
-397,900
-38% -$28.8M
HDB icon
20
HDFC Bank
HDB
$135B
$60M 0.44%
2,640,000
+348,000
+15% +$7.14M
EDU icon
21
New Oriental
EDU
$7.82B
$55.5M 0.41%
426,000
+34,000
+9% +$4.14M
CSCO icon
22
Cisco
CSCO
$441B
$28.8M 0.21%
618,000
– –
MSM icon
23
MSC Industrial Direct
MSM
$6.97B
$19.9M 0.15%
273,600
-108,600
-28% -$7M
KO icon
24
Coca-Cola
KO
$351B
$14.7M 0.11%
+328,900
New +$15.1M
MSFT icon
25
Microsoft
MSFT
$2.93T
$11.6M 0.08%
56,910
– –
1
2

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Veritas Asset Management's Q2 2020 Portfolio in Review

As of Q2 2020, Veritas Asset Management held 34 positions worth $13.7B, up 8.5% from $12.6B the previous quarter. Its ten largest holdings account for 68% of the portfolio.

Veritas Asset Management withdrew a net $755M in Q2 2020, closing 4 positions and reducing 12 holdings. Its most notable exit was Raytheon Company, an estimated $545M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 36% of assets, up from 35% a quarter earlier, followed by Communication Services and Financials.

Against the trend, Veritas Asset Management opened a new position in RTX Corp worth $672M.

  • Veritas Asset Management's largest Q2 2020 buy was RTX Corp: 10,907,194 shares worth $672M.
  • Veritas Asset Management added most to Alibaba in Q2 2020, an estimated $171M increase.
  • Veritas Asset Management's biggest Q2 2020 reduction was Meta Platforms (Facebook), cutting an estimated $354M.
  • Veritas Asset Management fully exited Raytheon Company in Q2 2020, selling an estimated $545M.
  • Veritas Asset Management's ten largest holdings make up 68% of its $13.7B portfolio in Q2 2020.
  • Veritas Asset Management opened 2 new positions and closed 4 in Q2 2020.
  • Veritas Asset Management's portfolio value rose 8.5% quarter-over-quarter to $13.7B.

Based on Veritas Asset Management's 13F filing for Q2 2020, filed 11 Aug 2020.