Veritas Asset Management LLP
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Veritas Asset Management LLP reported 21 stock positions worth $5.9 billion. Its top holding was Amazon.com (AMZN) at 9.2% of the portfolio, followed by Canadian Pacific Kansas City (CP, 9.1%) and Mastercard Class A (MA, 9.0%). Compared with Q4 2025, it sold out of 6, added to 1 and reduced 19. The biggest buy was Mastercard Class A (MA, shares +35%) and the biggest sale an exit from Alphabet Class A (GOOGL).
- Most Recent 13F
- Q2 2026
- Location
- London, X0
- CIK
- 0001541448
- Portfolio Value
- $5.9B (Q1 2026)
- SEC Filing
- 0001172661-26-001833 ↗ filed May 14, 2026
Holdings Value
Holdings 21 stocks · $5.9B
| AMZN Amazon.com Inc. | 9.24% | 2,619,324 | $545.5M | Reduce -40.1% |
| CP Canadian Pacific Kansas City | 9.13% | 6,854,361 | $539.2M | Reduce -26.6% |
| MA Mastercard Inc. Class A | 9.00% | 1,063,314 | $531.3M | Add +35.0% |
| UNH Unitedhealth Group Inc. | 8.63% | 1,882,071 | $509.3M | Reduce -25.7% |
| AON Aon PLC Class A | 8.31% | 1,520,277 | $490.7M | Reduce -23.7% |
| MSFT Microsoft Corp. | 8.14% | 1,298,635 | $480.7M | Reduce -37.8% |
| CRM Salesforce Inc. | 7.13% | 2,253,886 | $420.7M | Reduce -24.0% |
| TMO Thermo Fisher Scientific Inc. | 7.04% | 845,995 | $415.8M | Reduce -25.4% |
| WAT Waters Corp. | 6.06% | 1,200,813 | $357.6M | Reduce -3.3% |
| ICE Intercontinental Exchange Inc. | 5.72% | 2,147,051 | $337.7M | Reduce -25.1% |
| BDX Becton Dickinson and Co. | 5.39% | 2,022,830 | $318.0M | Reduce -29.6% |
| CHTR Charter Communications Inc. Class A | 4.07% | 1,113,053 | $240.3M | Reduce -26.8% |
| H Hyatt Hotels Corp. Class A | 3.25% | 1,336,247 | $192.1M | Reduce -29.7% |
| ELV Elevance Health Inc. | 3.15% | 635,371 | $186.0M | Reduce -27.3% |
| TDG Transdigm Group Inc. | 2.63% | 133,974 | $155.3M | Reduce -5.5% |
| ZTS Zoetis Inc. | 2.51% | 1,252,898 | $148.1M | Reduce -28.9% |
| MDT Medtronic PLC | 0.24% | 162,708 | $14.1M | Reduce -10.1% |
| PM Philip Morris International | 0.19% | 67,036 | $11.1M | No change |
| MSM MSC Industrial Direct Co. Class A | 0.12% | 75,386 | $7.0M | Reduce -20.3% |
| TSM Taiwan Semiconductor-SP ADR | 0.02% | 4,342 | $1.5M | Reduce -20.0% |
| PDD PDD Holdings Inc. | 0.02% | 10,020 | $1.0M | Reduce -55.5% |
Portfolio Sells Q4 2025 → Q1 2026
| GOOGL Alphabet Inc. Class A | Sold out | 0.00% | −5.88 |
| MSFT Microsoft Corp. | Reduce -37.8% | 8.14% | −2.18 |
| BIO Bio-Rad Laboratories-A | Sold out | 0.00% | −1.68 |
| AMZN Amazon.com Inc. | Reduce -40.1% | 9.24% | −1.09 |
| CRM Salesforce Inc. | Reduce -24.0% | 7.13% | −0.91 |
| BDX Becton Dickinson and Co. | Reduce -29.6% | 5.39% | −0.32 |
| HDB HDFC Bank Ltd.-ADR | Sold out | 0.00% | −0.08 |
| CTSH Cognizant Tech Solutions-A | Sold out | 0.00% | −0.07 |
| NTES Netease Inc.-ADR | Sold out | 0.00% | −0.05 |
| SE Sea Ltd.-ADR | Sold out | 0.00% | −0.03 |
| PDD PDD Holdings Inc. | Reduce -55.5% | 0.02% | −0.01 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -20.0% | 0.02% | +0.01 |
| ELV Elevance Health Inc. | Reduce -27.3% | 3.15% | +0.02 |
| MSM MSC Industrial Direct Co. Class A | Reduce -20.3% | 0.12% | +0.04 |
| MDT Medtronic PLC | Reduce -10.1% | 0.24% | +0.06 |
| UNH Unitedhealth Group Inc. | Reduce -25.7% | 8.63% | +0.07 |
| H Hyatt Hotels Corp. Class A | Reduce -29.7% | 3.25% | +0.14 |
| ZTS Zoetis Inc. | Reduce -28.9% | 2.51% | +0.24 |
| TMO Thermo Fisher Scientific Inc. | Reduce -25.4% | 7.04% | +0.32 |
| TDG Transdigm Group Inc. | Reduce -5.5% | 2.63% | +0.70 |
| CHTR Charter Communications Inc. Class A | Reduce -26.8% | 4.07% | +0.82 |
| ICE Intercontinental Exchange Inc. | Reduce -25.1% | 5.72% | +0.97 |
| AON Aon PLC Class A | Reduce -23.7% | 8.31% | +1.12 |
| WAT Waters Corp. | Reduce -3.3% | 6.06% | +1.23 |
| CP Canadian Pacific Kansas City | Reduce -26.6% | 9.13% | +2.09 |
Portfolio Buys Q4 2025 → Q1 2026
| MA Mastercard Inc. Class A | Add +35.0% | 9.00% | +4.40 |
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 |