Veritas Asset Management LLP
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 4, 2026), Veritas Asset Management LLP reported 21 stock positions worth $5.6 billion. Its top holding was Amazon.com (AMZN) at 9.8% of the portfolio, followed by Mastercard Class A (MA, 9.2%) and Canadian Pacific Kansas City (CP, 8.9%). Compared with Q1 2026, it opened 4 new positions, sold out of 4, added to 2 and reduced 15. The biggest buy was a new position in S&P Global (SPGI) and the biggest sale Salesforce (CRM, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001541448
- Portfolio Value
- $5.6B (Q2 2026)
- SEC Filing
- 0001172661-26-003051 ↗ filed Aug 4, 2026
Holdings Value
Holdings 21 stocks · $5.6B
| AMZN Amazon.com Inc. | 9.78% | 2,280,144 | $543.4M | Reduce -12.9% |
| MA Mastercard Inc. Class A | 9.20% | 995,345 | $511.2M | Reduce -6.4% |
| CP Canadian Pacific Kansas City | 8.93% | 5,727,867 | $496.3M | Reduce -16.4% |
| AON Aon PLC Class A | 8.40% | 1,408,111 | $467.1M | Reduce -7.4% |
| UNH Unitedhealth Group Inc. | 8.06% | 1,078,201 | $448.1M | Reduce -42.7% |
| TMO Thermo Fisher Scientific Inc. | 7.96% | 882,873 | $442.6M | Add +4.4% |
| MSFT Microsoft Corp. | 7.59% | 1,131,674 | $422.1M | Reduce -12.9% |
| SPGI S&P Global Inc. | 6.08% | 830,609 | $338.3M | New |
| WAT Waters Corp. | 5.75% | 851,624 | $319.4M | Reduce -29.1% |
| VMC Vulcan Materials Co. | 5.52% | 1,039,426 | $306.6M | New |
| H Hyatt Hotels Corp. Class A | 4.62% | 1,326,362 | $257.1M | Reduce -0.7% |
| ICE Intercontinental Exchange Inc. | 4.39% | 1,983,591 | $244.2M | Reduce -7.6% |
| BDX Becton Dickinson and Co. | 3.79% | 1,393,329 | $210.9M | Reduce -31.1% |
| TDG Transdigm Group Inc. | 3.31% | 137,969 | $183.8M | Add +3.0% |
| SYK Stryker Corp. | 3.02% | 533,784 | $168.1M | New |
| ELV Elevance Health Inc. | 2.98% | 428,672 | $165.8M | Reduce -32.5% |
| PM Philip Morris International | 0.17% | 51,387 | $9.3M | Reduce -23.3% |
| CRM Salesforce Inc. | 0.15% | 51,741 | $8.1M | Reduce -97.7% |
| OTIS Otis Worldwide Corp. | 0.14% | 105,652 | $7.6M | New |
| MDT Medtronic PLC | 0.14% | 96,690 | $7.6M | Reduce -40.6% |
| TSM Taiwan Semiconductor-SP ADR | 0.03% | 3,823 | $1.8M | Reduce -11.9% |
Portfolio Sells Q1 2026 → Q2 2026
| CRM Salesforce Inc. | Reduce -97.7% | 0.15% | −6.98 |
| CHTR Charter Communications Inc. Class A | Sold out | 0.00% | −4.07 |
| ZTS Zoetis Inc. | Sold out | 0.00% | −2.51 |
| BDX Becton Dickinson and Co. | Reduce -31.1% | 3.79% | −1.60 |
| ICE Intercontinental Exchange Inc. | Reduce -7.6% | 4.39% | −1.33 |
| UNH Unitedhealth Group Inc. | Reduce -42.7% | 8.06% | −0.57 |
| MSFT Microsoft Corp. | Reduce -12.9% | 7.59% | −0.55 |
| WAT Waters Corp. | Reduce -29.1% | 5.75% | −0.31 |
| CP Canadian Pacific Kansas City | Reduce -16.4% | 8.93% | −0.21 |
| ELV Elevance Health Inc. | Reduce -32.5% | 2.98% | −0.17 |
| MSM MSC Industrial Direct Co. Class A | Sold out | 0.00% | −0.12 |
| MDT Medtronic PLC | Reduce -40.6% | 0.14% | −0.10 |
| PM Philip Morris International | Reduce -23.3% | 0.17% | −0.02 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.02 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -11.9% | 0.03% | +0.01 |
| AON Aon PLC Class A | Reduce -7.4% | 8.40% | +0.09 |
| MA Mastercard Inc. Class A | Reduce -6.4% | 9.20% | +0.20 |
| AMZN Amazon.com Inc. | Reduce -12.9% | 9.78% | +0.53 |
| H Hyatt Hotels Corp. Class A | Reduce -0.7% | 4.62% | +1.37 |
Portfolio Buys Q1 2026 → Q2 2026
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 21 | $5.6B | AMZN, MA, CP, AON, UNH |
| Q1 2026 | 21 | $5.9B | AMZN, CP, MA, UNH, AON |
| Q4 2025 | 27 | $9.8B | AMZN, MSFT, UNH, CRM, AON |
| Q3 2025 | 30 | $9.4B | MSFT, AMZN, UNH, AON, CP |
| Q2 2025 | 34 | $10.0B | MSFT, AMZN, UNH, GOOGL, CP |
| Q1 2025 | 35 | $9.9B | MSFT, AMZN, UNH, GOOGL, CP |
| Q4 2024 | 35 | $10.7B | GOOGL, AMZN, MSFT, CRM, CP |
| Q3 2024 | 34 | $13.5B | GOOGL, AMZN, CP, AON, UNH |
| Q2 2024 | 32 | $13.2B | GOOGL, AMZN, CP, UNH, FISV |
| Q1 2024 | 33 | $13.8B | GOOGL, AMZN, CP, FISV, ICE |