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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
+7.04%
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
$13.5B
AUM Growth
+$317M
Cap. Flow
-$474M
Cap. Flow %
-3.51%
Top 10 Hldgs %
73.04%
Holding
39
New
7
Increased
5
Reduced
17
Closed
5

Top Buys

Rank Stock Value
1
CRM icon
Salesforce
CRM
+$687M
2
AON icon
Aon
AON
+$289M
3
MSFT icon
Microsoft
MSFT
+$201M
4
AMZN icon
Amazon
AMZN
+$115M
5
BDX icon
Becton Dickinson
BDX
+$44.4M

Top Sells

Rank Stock Value
1
FISV
Fiserv Inc
FISV
+$871M
2
MCO icon
Moody's
MCO
+$394M
3
CTLT
CATALENT, INC.
CTLT
+$247M
4
ICE icon
Intercontinental Exchange
ICE
+$162M
5
CHTR icon
Charter Communications
CHTR
+$68.8M

Sector Composition

Rank Sector Weight
1 Healthcare 30.79%
2 Financials 18.45%
3 Communication Services 16.49%
4 Technology 15.39%
5 Consumer Discretionary 10.91%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GOOGL icon
1
Alphabet (Google) Class A
GOOGL
$4.23T
$1.54B 11.4%
9,300,950
-177,302
-2% -$29.7M
AMZN icon
2
Amazon
AMZN
$2.66T
$1.44B 10.66%
7,742,823
+629,546
+9% +$115M
CP icon
3
Canadian Pacific Kansas City
CP
$83.2B
$1.04B 7.72%
12,208,139
-86,934
-0.7% -$7.15M
AON icon
4
Aon
AON
$78.4B
$1.04B 7.7%
3,010,557
+883,761
+42% +$289M
UNH icon
5
UnitedHealth
UNH
$387B
$1.03B 7.6%
1,759,015
-31,345
-2% -$17.7M
MSFT icon
6
Microsoft
MSFT
$2.93T
$960M 7.09%
2,230,108
+470,380
+27% +$201M
CRM icon
7
Salesforce
CRM
$140B
$734M 5.42%
+2,680,957
New +$687M
MA icon
8
Mastercard
MA
$480B
$714M 5.28%
1,446,272
-18,641
-1% -$8.67M
TMO icon
9
Thermo Fisher Scientific
TMO
$198B
$699M 5.17%
1,130,476
-18,050
-2% -$10.7M
ICE icon
10
Intercontinental Exchange
ICE
$79B
$679M 5.01%
4,224,195
-1,048,008
-20% -$162M
CHTR icon
11
Charter Communications
CHTR
$16.2B
$650M 4.8%
2,006,085
-204,629
-9% -$68.8M
ELV icon
12
Elevance Health
ELV
$80.9B
$571M 4.22%
1,097,778
-39,284
-3% -$21M
BDX icon
13
Becton Dickinson
BDX
$43.6B
$553M 4.09%
2,295,205
+189,520
+9% +$44.4M
COO icon
14
Cooper Companies
COO
$14B
$487M 3.6%
4,409,878
-70,571
-2% -$6.87M
ZTS icon
15
Zoetis
ZTS
$32.1B
$449M 3.32%
2,297,522
-19,439
-0.8% -$3.58M
ADP icon
16
Automatic Data Processing
ADP
$102B
$373M 2.75%
1,347,058
-45,309
-3% -$11.8M
BIO icon
17
Bio-Rad Laboratories Class A
BIO
$8.15B
$364M 2.69%
1,086,479
-42,332
-4% -$13.4M
FUTU icon
18
Futu Holdings
FUTU
$13.3B
$39.5M 0.29%
+413,459
New +$26.3M
JD icon
19
JD.com
JD
$40B
$29.6M 0.22%
+741,055
New +$20.4M
TME icon
20
Tencent Music
TME
$14.9B
$25.2M 0.19%
+2,087,245
New +$25.5M
MDT icon
21
Medtronic
MDT
$106B
$16.3M 0.12%
181,007
– –
IBN icon
22
ICICI Bank
IBN
$107B
$12.8M 0.09%
429,919
– –
PM icon
23
Philip Morris
PM
$301B
$12.3M 0.09%
101,545
-11,813
-10% -$1.37M
MSM icon
24
MSC Industrial Direct
MSM
$6.97B
$10M 0.07%
116,681
– –
HDB icon
25
HDFC Bank
HDB
$135B
$9.75M 0.07%
311,634
– –
1
2

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WAM
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BTCPP
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CGPCS
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CAG
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Veritas Asset Management's Q3 2024 Portfolio in Review

As of Q3 2024, Veritas Asset Management held 39 positions worth $13.5B, up 2.4% from $13.2B the previous quarter. Its ten largest holdings account for 73% of the portfolio.

Veritas Asset Management withdrew a net $474M in Q3 2024, closing 5 positions and reducing 17 holdings. Its most notable exit was Fiserv Inc, an estimated $871M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 31% of assets, up from 30% a quarter earlier, followed by Financials and Communication Services.

Against the trend, Veritas Asset Management opened a new position in Salesforce worth $734M.

  • Veritas Asset Management's largest Q3 2024 buy was Salesforce: 2,680,957 shares worth $734M.
  • Veritas Asset Management added most to Aon in Q3 2024, an estimated $289M increase.
  • Veritas Asset Management's biggest Q3 2024 reduction was Intercontinental Exchange, cutting an estimated $162M.
  • Veritas Asset Management fully exited Fiserv Inc in Q3 2024, selling an estimated $871M.
  • Veritas Asset Management's ten largest holdings make up 73% of its $13.5B portfolio in Q3 2024.
  • Veritas Asset Management opened 7 new positions and closed 5 in Q3 2024.
  • Veritas Asset Management's portfolio value rose 2.4% quarter-over-quarter to $13.5B.

Based on Veritas Asset Management's 13F filing for Q3 2024, filed 29 Oct 2024.