Veritas Asset Management LLP
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 10, 2024), Veritas Asset Management LLP reported 33 stock positions worth $13.8 billion. Its top holding was Alphabet Class A (GOOGL) at 10.8% of the portfolio, followed by Amazon.com (AMZN, 9.4%) and Canadian Pacific Kansas City (CP, 8.4%). Compared with Q4 2023, it opened 3 new positions, sold out of 3, added to 4 and reduced 18. The biggest buy was Alphabet Class A (GOOGL, shares +11%) and the biggest sale Cooper Cos (COO, shares −48%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001541448
- Portfolio Value
- $13.8B (Q1 2024)
- SEC Filing
- 0001172661-24-002133 ↗ filed May 10, 2024
Holdings Value
Holdings 33 stocks · $13.8B
| GOOGL Alphabet Inc. Class A | 10.83% | 9,889,959 | $1.5B | Add +10.9% |
| AMZN Amazon.com Inc. | 9.44% | 7,216,059 | $1.3B | Reduce -2.2% |
| CP Canadian Pacific Kansas City | 8.43% | 13,180,429 | $1.2B | Reduce -1.9% |
| FISV Fiserv Inc. | 7.98% | 6,886,029 | $1.1B | Reduce -1.4% |
| ICE Intercontinental Exchange Inc. | 7.40% | 7,423,164 | $1.0B | Reduce -3.7% |
| TMO Thermo Fisher Scientific Inc. | 7.13% | 1,690,241 | $982.4M | Reduce -0.1% |
| MA Mastercard Inc. Class A | 6.63% | 1,898,374 | $914.2M | Reduce -33.1% |
| UNH Unitedhealth Group Inc. | 6.53% | 1,820,825 | $900.8M | Add +20.5% |
| MSFT Microsoft Corp. | 5.38% | 1,761,391 | $741.1M | Reduce -1.3% |
| CHTR Charter Communications Inc. Class A | 4.74% | 2,249,131 | $653.7M | Add +28.4% |
| ELV Elevance Health Inc. | 4.36% | 1,159,979 | $601.5M | Reduce -1.0% |
| BDX Becton Dickinson and Co. | 3.89% | 2,166,829 | $536.2M | Reduce -0.8% |
| COO The Cooper Cos Inc. | 3.40% | 4,615,632 | $468.3M | Reduce -48.4% |
| MCO Moody's Corp. | 3.16% | 1,107,607 | $435.3M | Reduce -30.4% |
| BIO Bio-Rad Laboratories-A | 2.88% | 1,147,097 | $396.7M | Add +5.9% |
| ADP Automatic Data Processing | 2.53% | 1,396,361 | $348.7M | Reduce -0.9% |
| CTLT Catalent Inc. | 2.47% | 6,025,413 | $340.1M | Reduce -6.8% |
| EFX Equifax Inc. | 1.27% | 656,305 | $175.6M | Reduce -53.9% |
| AON Aon PLC Class A | 0.76% | 311,890 | $104.1M | New |
| MDT Medtronic PLC | 0.11% | 181,007 | $15.8M | No change |
| META Meta Platforms Inc. Class A | 0.10% | 27,056 | $13.1M | Reduce -29.8% |
| FNV Franco-Nevada Corp. | 0.09% | 104,118 | $12.4M | No change |
| MSM MSC Industrial Direct Co. Class A | 0.08% | 116,681 | $11.3M | No change |
| PM Philip Morris International | 0.08% | 113,358 | $10.4M | No change |
| HDB HDFC Bank Ltd.-ADR | 0.06% | 155,817 | $8.7M | Reduce -8.2% |
| TSM Taiwan Semiconductor-SP ADR | 0.06% | 63,281 | $8.6M | Reduce -43.5% |
| CTSH Cognizant Tech Solutions-A | 0.06% | 115,295 | $8.4M | No change |
| INFY Infosys Ltd.-SP ADR | 0.05% | 420,000 | $7.5M | No change |
| CSCO Cisco Systems Inc. | 0.04% | 123,560 | $6.2M | No change |
| IBN Icici Bank Ltd.-Spon ADR | 0.02% | 125,000 | $3.3M | Reduce -50.0% |
| KO The Coca-Cola Co. | 0.02% | 46,387 | $2.8M | No change |
| MNSO Miniso Group Holding Ltd.-ADR | 0.01% | 54,608 | $1.1M | New |
| EDU New Oriental Educatio-SP ADR | 0.01% | 11,810 | $1.0M | New |
Portfolio Sells Q4 2023 → Q1 2024
| COO The Cooper Cos Inc. | Reduce -48.4% | 3.40% | −2.70 |
| MA Mastercard Inc. Class A | Reduce -33.1% | 6.63% | −2.08 |
| ILMN Illumina Inc. | Sold out | 0.00% | −1.46 |
| MCO Moody's Corp. | Reduce -30.4% | 3.16% | −1.32 |
| EFX Equifax Inc. | Reduce -53.9% | 1.27% | −1.26 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.67 |
| PDD PDD Holdings Inc. | Sold out | 0.00% | −0.02 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -43.5% | 0.06% | −0.02 |
| IBN Icici Bank Ltd.-Spon ADR | Reduce -50.0% | 0.02% | −0.02 |
| HDB HDFC Bank Ltd.-ADR | Reduce -8.2% | 0.06% | −0.02 |
| META Meta Platforms Inc. Class A | Reduce -29.8% | 0.10% | −0.00 |
| BDX Becton Dickinson and Co. | Reduce -0.8% | 3.89% | +0.06 |
| ADP Automatic Data Processing | Reduce -0.9% | 2.53% | +0.17 |
| ICE Intercontinental Exchange Inc. | Reduce -3.7% | 7.40% | +0.27 |
| CTLT Catalent Inc. | Reduce -6.8% | 2.47% | +0.38 |
| ELV Elevance Health Inc. | Reduce -1.0% | 4.36% | +0.38 |
| MSFT Microsoft Corp. | Reduce -1.3% | 5.38% | +0.55 |
| TMO Thermo Fisher Scientific Inc. | Reduce -0.1% | 7.13% | +0.66 |
| CP Canadian Pacific Kansas City | Reduce -1.9% | 8.43% | +0.78 |
| FISV Fiserv Inc. | Reduce -1.4% | 7.98% | +1.31 |
| AMZN Amazon.com Inc. | Reduce -2.2% | 9.44% | +1.38 |
Portfolio Buys Q4 2023 → Q1 2024
| GOOGL Alphabet Inc. Class A | Add +10.9% | 10.83% | +1.86 |
| UNH Unitedhealth Group Inc. | Add +20.5% | 6.53% | +0.81 |
| AON Aon PLC Class A | New | 0.76% | +0.76 |
| BIO Bio-Rad Laboratories-A | Add +5.9% | 2.88% | +0.36 |
| MNSO Miniso Group Holding Ltd.-ADR | New | 0.01% | +0.01 |
| EDU New Oriental Educatio-SP ADR | New | 0.01% | +0.01 |
| CHTR Charter Communications Inc. Class A | Add +28.4% | 4.74% | −0.16 |
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 |