Veritas Asset Management 13F, Q1 2025
Veritas Asset Management · quarter ending 31 March 2025 · filed 15 May 2025 · SEC CIK 1541448
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q1 2025
The 25 largest of 35 positions. Weights are against the whole filed book. Changes are in shares held, against the Q4 2024 filing.
| Company | Ticker | Value | % of book | vs Q4 2024 |
|---|---|---|---|---|
| MICROSOFT CORP | MSFT | $1.09B | 11.0% | +44% shares |
| AMAZON COM INC | AMZN | $951.86M | 9.6% | -5% shares |
| UNITEDHEALTH GROUP INC | UNH | $827.00M | 8.3% | +2% shares |
| ALPHABET INC | GOOGL | $764.38M | 7.7% | -20% shares |
| CANADIAN PACIFIC KANSAS CITY | CP | $746.91M | 7.5% | -5% shares |
| AON PLC | $734.20M | 7.4% | -17% shares | |
| THERMO FISHER SCIENTIFIC INC | TMO | $663.33M | 6.7% | +30% shares |
| CHARTER COMMUNICATIONS INC N | CHTR | $617.38M | 6.2% | -7% shares |
| SALESFORCE INC | CRM | $574.46M | 5.8% | -12% shares |
| INTERCONTINENTAL EXCHANGE IN | ICE | $499.90M | 5.0% | -23% shares |
| BECTON DICKINSON & CO | BDX | $441.42M | 4.5% | -6% shares |
| ELEVANCE HEALTH INC | ELV | $414.47M | 4.2% | -3% shares |
| MASTERCARD INCORPORATED | MA | $403.92M | 4.1% | -15% shares |
| COOPER COS INC | COO | $324.55M | 3.3% | -5% shares |
| ZOETIS INC | ZTS | $308.54M | 3.1% | -5% shares |
| BIO RAD LABS INC | BIO | $222.40M | 2.3% | -7% shares |
| SCHWAB CHARLES CORP | SCHW | $179.53M | 1.8% | -9% shares |
| FUTU HLDGS LTD | FUTU | $30.57M | 0.3% | unchanged |
| TENCENT MUSIC ENTMT GROUP | TME | $21.72M | 0.2% | -50% shares |
| MEDTRONIC PLC | $16.27M | 0.2% | unchanged | |
| PHILIP MORRIS INTL INC | PM | $13.78M | 0.1% | -15% shares |
| FRANCO NEV CORP | FNV | $11.39M | 0.1% | unchanged |
| HDFC BANK LTD | HDB | $10.03M | 0.1% | -3% shares |
| MSC INDL DIRECT INC | MSM | $9.06M | 0.1% | unchanged |
| COGNIZANT TECHNOLOGY SOLUTIO | CTSH | $8.82M | 0.1% | unchanged |
What changed since Q4 2024
Against the Q4 2024 filing, Veritas Asset Management opened 2 new positions, added to 4, trimmed 22, left 7 unchanged and exited 2. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001172661-25-002100, filed by Veritas Asset Management LLP. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.