Veritas Asset Management LLP
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 12, 2024), Veritas Asset Management LLP reported 32 stock positions worth $13.2 billion. Its top holding was Alphabet Class A (GOOGL) at 13.1% of the portfolio, followed by Amazon.com (AMZN, 10.4%) and Canadian Pacific Kansas City (CP, 7.3%). Compared with Q1 2024, it opened 1 new position, sold out of 2, added to 3 and reduced 20. The biggest buy was Aon Class A (AON, shares +582%) and the biggest sale Thermo Fisher Scientific (TMO, shares −32%).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001541448
- Portfolio Value
- $13.2B (Q2 2024)
- SEC Filing
- 0001172661-24-003207 ↗ filed Aug 12, 2024
Holdings Value
Holdings 32 stocks · $13.2B
| GOOGL Alphabet Inc. Class A | 13.06% | 9,478,252 | $1.7B | Reduce -4.2% |
| AMZN Amazon.com Inc. | 10.40% | 7,113,277 | $1.4B | Reduce -1.4% |
| CP Canadian Pacific Kansas City | 7.32% | 12,295,073 | $968.0M | Reduce -6.7% |
| UNH Unitedhealth Group Inc. | 6.90% | 1,790,360 | $911.8M | Reduce -1.7% |
| FISV Fiserv Inc. | 6.59% | 5,846,562 | $871.4M | Reduce -15.1% |
| MSFT Microsoft Corp. | 5.95% | 1,759,728 | $786.5M | Reduce -0.1% |
| ICE Intercontinental Exchange Inc. | 5.46% | 5,272,203 | $721.7M | Reduce -29.0% |
| CHTR Charter Communications Inc. Class A | 5.00% | 2,210,714 | $660.9M | Reduce -1.7% |
| MA Mastercard Inc. Class A | 4.89% | 1,464,913 | $646.3M | Reduce -22.8% |
| TMO Thermo Fisher Scientific Inc. | 4.81% | 1,148,526 | $635.1M | Reduce -32.0% |
| AON Aon PLC Class A | 4.72% | 2,126,796 | $624.4M | Add +581.9% |
| ELV Elevance Health Inc. | 4.66% | 1,137,062 | $616.1M | Reduce -2.0% |
| BDX Becton Dickinson and Co. | 3.72% | 2,105,685 | $492.1M | Reduce -2.8% |
| ZTS Zoetis Inc. | 3.04% | 2,316,961 | $401.7M | New |
| MCO Moody's Corp. | 2.98% | 935,906 | $394.0M | Reduce -15.5% |
| COO The Cooper Cos Inc. | 2.96% | 4,480,449 | $391.1M | Reduce -2.9% |
| ADP Automatic Data Processing | 2.51% | 1,392,367 | $332.3M | Reduce -0.3% |
| BIO Bio-Rad Laboratories-A | 2.33% | 1,128,811 | $308.3M | Reduce -1.6% |
| CTLT Catalent Inc. | 1.87% | 4,395,354 | $247.2M | Reduce -27.1% |
| MDT Medtronic PLC | 0.11% | 181,007 | $14.2M | No change |
| META Meta Platforms Inc. Class A | 0.10% | 25,187 | $12.7M | Reduce -6.9% |
| IBN Icici Bank Ltd.-Spon ADR | 0.09% | 429,919 | $12.4M | Add +243.9% |
| PM Philip Morris International | 0.09% | 113,358 | $11.5M | No change |
| FNV Franco-Nevada Corp. | 0.08% | 90,541 | $10.7M | Reduce -13.0% |
| HDB HDFC Bank Ltd.-ADR | 0.08% | 155,817 | $10.0M | No change |
| MSM MSC Industrial Direct Co. Class A | 0.07% | 116,681 | $9.3M | No change |
| CTSH Cognizant Tech Solutions-A | 0.06% | 115,295 | $7.8M | No change |
| INFY Infosys Ltd.-SP ADR | 0.06% | 420,000 | $7.8M | No change |
| TSM Taiwan Semiconductor-SP ADR | 0.03% | 25,033 | $4.4M | Reduce -60.4% |
| KO The Coca-Cola Co. | 0.02% | 46,387 | $3.0M | No change |
| EDU New Oriental Educatio-SP ADR | 0.01% | 21,291 | $1.7M | Add +80.3% |
| MNSO Miniso Group Holding Ltd.-ADR | 0.01% | 54,608 | $1.0M | No change |
Portfolio Sells Q1 2024 → Q2 2024
| TMO Thermo Fisher Scientific Inc. | Reduce -32.0% | 4.81% | −2.32 |
| ICE Intercontinental Exchange Inc. | Reduce -29.0% | 5.46% | −1.94 |
| MA Mastercard Inc. Class A | Reduce -22.8% | 4.89% | −1.74 |
| FISV Fiserv Inc. | Reduce -15.1% | 6.59% | −1.39 |
| EFX Equifax Inc. | Sold out | 0.00% | −1.27 |
| CP Canadian Pacific Kansas City | Reduce -6.7% | 7.32% | −1.11 |
| CTLT Catalent Inc. | Reduce -27.1% | 1.87% | −0.60 |
| BIO Bio-Rad Laboratories-A | Reduce -1.6% | 2.33% | −0.55 |
| COO The Cooper Cos Inc. | Reduce -2.9% | 2.96% | −0.44 |
| MCO Moody's Corp. | Reduce -15.5% | 2.98% | −0.18 |
| BDX Becton Dickinson and Co. | Reduce -2.8% | 3.72% | −0.17 |
| CSCO Cisco Systems Inc. | Sold out | 0.00% | −0.04 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -60.4% | 0.03% | −0.03 |
| ADP Automatic Data Processing | Reduce -0.3% | 2.51% | −0.01 |
| FNV Franco-Nevada Corp. | Reduce -13.0% | 0.08% | −0.01 |
| META Meta Platforms Inc. Class A | Reduce -6.9% | 0.10% | +0.00 |
| CHTR Charter Communications Inc. Class A | Reduce -1.7% | 5.00% | +0.26 |
| ELV Elevance Health Inc. | Reduce -2.0% | 4.66% | +0.30 |
| UNH Unitedhealth Group Inc. | Reduce -1.7% | 6.90% | +0.37 |
| MSFT Microsoft Corp. | Reduce -0.1% | 5.95% | +0.58 |
| AMZN Amazon.com Inc. | Reduce -1.4% | 10.40% | +0.96 |
| GOOGL Alphabet Inc. Class A | Reduce -4.2% | 13.06% | +2.24 |
Portfolio Buys Q1 2024 → Q2 2024
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 |