Veritas Asset Management LLP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed October 29, 2024), Veritas Asset Management LLP reported 34 stock positions worth $13.5 billion. Its top holding was Alphabet Class A (GOOGL) at 11.4% of the portfolio, followed by Amazon.com (AMZN, 10.7%) and Canadian Pacific Kansas City (CP, 7.7%). Compared with Q2 2024, it opened 7 new positions, sold out of 5, added to 5 and reduced 17. The biggest buy was a new position in Salesforce (CRM) and the biggest sale an exit from Fiserv (FISV).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001541448
- Portfolio Value
- $13.5B (Q3 2024)
- SEC Filing
- 0001172661-24-004388 ↗ filed Oct 29, 2024
Holdings Value
Holdings 34 stocks · $13.5B
| GOOGL Alphabet Inc. Class A | 11.40% | 9,300,950 | $1.5B | Reduce -1.9% |
| AMZN Amazon.com Inc. | 10.66% | 7,742,823 | $1.4B | Add +8.8% |
| CP Canadian Pacific Kansas City | 7.72% | 12,208,139 | $1.0B | Reduce -0.7% |
| AON Aon PLC Class A | 7.70% | 3,010,557 | $1.0B | Add +41.5% |
| UNH Unitedhealth Group Inc. | 7.60% | 1,759,015 | $1.0B | Reduce -1.8% |
| MSFT Microsoft Corp. | 7.09% | 2,230,108 | $959.6M | Add +26.7% |
| CRM Salesforce Inc. | 5.42% | 2,680,957 | $733.8M | New |
| MA Mastercard Inc. Class A | 5.28% | 1,446,272 | $714.2M | Reduce -1.3% |
| TMO Thermo Fisher Scientific Inc. | 5.17% | 1,130,476 | $699.3M | Reduce -1.6% |
| ICE Intercontinental Exchange Inc. | 5.01% | 4,224,195 | $678.6M | Reduce -19.9% |
| CHTR Charter Communications Inc. Class A | 4.80% | 2,006,085 | $650.1M | Reduce -9.3% |
| ELV Elevance Health Inc. | 4.22% | 1,097,778 | $570.8M | Reduce -3.5% |
| BDX Becton Dickinson and Co. | 4.09% | 2,295,205 | $553.4M | Add +9.0% |
| COO The Cooper Cos Inc. | 3.60% | 4,409,878 | $486.6M | Reduce -1.6% |
| ZTS Zoetis Inc. | 3.32% | 2,297,522 | $448.9M | Reduce -0.8% |
| ADP Automatic Data Processing | 2.75% | 1,347,058 | $372.8M | Reduce -3.3% |
| BIO Bio-Rad Laboratories-A | 2.69% | 1,086,479 | $363.5M | Reduce -3.8% |
| FUTU Futu Holdings Ltd.-ADR filed as FUTU HLDGS LTD | 0.29% | 413,459 | $39.5M | New |
| JD Jd.com Inc.-ADR | 0.22% | 741,055 | $29.6M | New |
| TME Tencent Music Entertainm-ADR | 0.19% | 2,087,245 | $25.2M | New |
| MDT Medtronic PLC | 0.12% | 181,007 | $16.3M | No change |
| IBN Icici Bank Ltd.-Spon ADR | 0.09% | 429,919 | $12.8M | No change |
| PM Philip Morris International | 0.09% | 101,545 | $12.3M | Reduce -10.4% |
| MSM MSC Industrial Direct Co. Class A | 0.07% | 116,681 | $10.0M | No change |
| HDB HDFC Bank Ltd.-ADR | 0.07% | 155,817 | $9.7M | No change |
| FNV Franco-Nevada Corp. | 0.07% | 78,269 | $9.7M | Reduce -13.6% |
| CTSH Cognizant Tech Solutions-A | 0.07% | 115,295 | $8.9M | No change |
| META Meta Platforms Inc. Class A | 0.06% | 15,109 | $8.6M | Reduce -40.0% |
| NTES Netease Inc.-ADR | 0.04% | 55,069 | $5.1M | New |
| INFY Infosys Ltd.-SP ADR | 0.03% | 194,488 | $4.3M | Reduce -53.7% |
| PDD PDD Holdings Inc. | 0.03% | 25,715 | $3.5M | New |
| TSM Taiwan Semiconductor-SP ADR | 0.02% | 17,302 | $3.0M | Reduce -30.9% |
| EDU New Oriental Educatio-SP ADR | 0.01% | 26,038 | $2.0M | Add +22.3% |
| TCOM Trip.com Group Ltd.-ADR | 0.01% | 15,807 | $939K | New |
Portfolio Sells Q2 2024 → Q3 2024
| FISV Fiserv Inc. | Sold out | 0.00% | −6.59 |
| MCO Moody's Corp. | Sold out | 0.00% | −2.98 |
| CTLT Catalent Inc. | Sold out | 0.00% | −1.87 |
| GOOGL Alphabet Inc. Class A | Reduce -1.9% | 11.40% | −1.66 |
| ICE Intercontinental Exchange Inc. | Reduce -19.9% | 5.01% | −0.45 |
| ELV Elevance Health Inc. | Reduce -3.5% | 4.22% | −0.44 |
| CHTR Charter Communications Inc. Class A | Reduce -9.3% | 4.80% | −0.20 |
| META Meta Platforms Inc. Class A | Reduce -40.0% | 0.06% | −0.03 |
| INFY Infosys Ltd.-SP ADR | Reduce -53.7% | 0.03% | −0.03 |
| KO The Coca-Cola Co. | Sold out | 0.00% | −0.02 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -30.9% | 0.02% | −0.01 |
| FNV Franco-Nevada Corp. | Reduce -13.6% | 0.07% | −0.01 |
| MNSO Miniso Group Holding Ltd.-ADR | Sold out | 0.00% | −0.01 |
| PM Philip Morris International | Reduce -10.4% | 0.09% | +0.00 |
| ADP Automatic Data Processing | Reduce -3.3% | 2.75% | +0.24 |
| ZTS Zoetis Inc. | Reduce -0.8% | 3.32% | +0.28 |
| BIO Bio-Rad Laboratories-A | Reduce -3.8% | 2.69% | +0.35 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.6% | 5.17% | +0.36 |
| MA Mastercard Inc. Class A | Reduce -1.3% | 5.28% | +0.39 |
| CP Canadian Pacific Kansas City | Reduce -0.7% | 7.72% | +0.39 |
| COO The Cooper Cos Inc. | Reduce -1.6% | 3.60% | +0.64 |
| UNH Unitedhealth Group Inc. | Reduce -1.8% | 7.60% | +0.70 |
Portfolio Buys Q2 2024 → Q3 2024
| CRM Salesforce Inc. | New | 5.42% | +5.42 |
| AON Aon PLC Class A | Add +41.5% | 7.70% | +2.97 |
| MSFT Microsoft Corp. | Add +26.7% | 7.09% | +1.14 |
| BDX Becton Dickinson and Co. | Add +9.0% | 4.09% | +0.37 |
| FUTU Futu Holdings Ltd.-ADR | New | 0.29% | +0.29 |
| AMZN Amazon.com Inc. | Add +8.8% | 10.66% | +0.26 |
| JD Jd.com Inc.-ADR | New | 0.22% | +0.22 |
| TME Tencent Music Entertainm-ADR | New | 0.19% | +0.19 |
| NTES Netease Inc.-ADR | New | 0.04% | +0.04 |
| PDD PDD Holdings Inc. | New | 0.03% | +0.03 |
| TCOM Trip.com Group Ltd.-ADR | New | 0.01% | +0.01 |
| EDU New Oriental Educatio-SP ADR | Add +22.3% | 0.01% | +0.00 |
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 |