Veritas Asset Management 13F, Q2 2025
Veritas Asset Management · quarter ending 30 June 2025 · filed 7 August 2025 · SEC CIK 1541448
Common stock only: shares the fund reported owning at the quarter end, valued as filed.
Largest positions, Q2 2025
The 25 largest of 34 positions. Weights are against the whole filed book. Changes are in shares held, against the Q1 2025 filing.
| Company | Ticker | Value | % of book | vs Q1 2025 |
|---|---|---|---|---|
| MICROSOFT CORP | MSFT | $1.50B | 15.0% | +4% shares |
| AMAZON COM INC | AMZN | $1.05B | 10.5% | -4% shares |
| UNITEDHEALTH GROUP INC | UNH | $969.60M | 9.7% | +97% shares |
| ALPHABET INC | GOOGL | $836.66M | 8.4% | -4% shares |
| CANADIAN PACIFIC KANSAS CITY | CP | $793.51M | 7.9% | -6% shares |
| CHARTER COMMUNICATIONS INC N | CHTR | $650.18M | 6.5% | -5% shares |
| AON PLC | $613.98M | 6.1% | -7% shares | |
| SALESFORCE INC | CRM | $562.79M | 5.6% | -4% shares |
| THERMO FISHER SCIENTIFIC INC | TMO | $512.28M | 5.1% | -5% shares |
| INTERCONTINENTAL EXCHANGE IN | ICE | $396.30M | 4.0% | -26% shares |
| MASTERCARD INCORPORATED | MA | $390.67M | 3.9% | -6% shares |
| BECTON DICKINSON & CO | BDX | $362.08M | 3.6% | +9% shares |
| ELEVANCE HEALTH INC | ELV | $355.26M | 3.5% | -4% shares |
| ZOETIS INC | ZTS | $284.76M | 2.9% | -3% shares |
| BIO RAD LABS INC | BIO | $208.29M | 2.1% | -6% shares |
| SCHWAB CHARLES CORP | SCHW | $202.83M | 2.0% | -3% shares |
| HILTON WORLDWIDE HLDGS INC | HLT | $172.64M | 1.7% | new |
| FUTU HLDGS LTD | FUTU | $36.91M | 0.4% | unchanged |
| MEDTRONIC PLC | $15.78M | 0.2% | unchanged | |
| COUPANG INC | CPNG | $15.37M | 0.1% | new |
| PHILIP MORRIS INTL INC | PM | $13.18M | 0.1% | -17% shares |
| HESAI GROUP | HSAI | $10.99M | 0.1% | new |
| HDFC BANK LTD | HDB | $10.43M | 0.1% | -10% shares |
| COGNIZANT TECHNOLOGY SOLUTIO | CTSH | $9.00M | 0.1% | unchanged |
| MSC INDL DIRECT INC | MSM | $8.04M | 0.1% | -19% shares |
What changed since Q1 2025
Against the Q1 2025 filing, Veritas Asset Management opened 3 new positions, added to 5, trimmed 16, left 10 unchanged and exited 4. 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 0001172661-25-002935, 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.