Q4 2025 · 13F-HR
Veritas Asset Management LLPholdings as filed
Filed 2026-02-17 · accession 0001172661-26-000924
$9.77B
Reported value
27
Positions
2025-12-31
Period end
The Brief · Veritas Asset Management LLP · Q4 2025
AI · grounded in 13F
Veritas Asset Management LLP established a new position in TDG valued at $188.6M. The fund closed its positions in SCHW, reducing exposure by $142.1M, and FUTU, reducing exposure by $73.2M. Other notable activity includes increasing share counts in H by 827.9% and WAT by 112.3%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 023135106 | AMZN | AMAZON COM INC | $1.01B | 10.3% | 4,375,845 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $1.01B | 10.3% | 2,085,994 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $836.0M | 8.55% | 2,532,631 | Common | SOLE |
| 79466L302 | CRM | SALESFORCE INC | $785.5M | 8.04% | 2,965,053 | Common | SOLE |
| G0403H108 | AON | AON PLC | $703.1M | 7.19% | 1,992,453 | Common | SOLE |
| 13646K108 | CP | CANADIAN PACIFIC KANSAS CITY | $688.0M | 7.04% | 9,344,449 | Common | SOLE |
| 883556102 | TMO | THERMO FISHER SCIENTIFIC INC | $657.0M | 6.72% | 1,133,869 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $574.9M | 5.88% | 1,836,779 | Common | SOLE |
| 075887109 | BDX | BECTON DICKINSON & CO | $557.9M | 5.71% | 2,874,579 | Common | SOLE |
| 941848103 | WAT | WATERS CORP | $471.4M | 4.82% | 1,241,206 | Common | SOLE |
| 45866F104 | ICE | INTERCONTINENTAL EXCHANGE IN | $464.4M | 4.75% | 2,867,517 | Common | SOLE |
| 57636Q104 | MA | MASTERCARD INCORPORATED | $449.8M | 4.60% | 787,850 | Common | SOLE |
| 16119P108 | CHTR | CHARTER COMMUNICATIONS INC N | $317.5M | 3.25% | 1,521,130 | Common | SOLE |
| 036752103 | ELV | ELEVANCE HEALTH INC FORMERLY | $306.4M | 3.13% | 873,993 | Common | SOLE |
| 448579102 | H | HYATT HOTELS CORP | $304.7M | 3.12% | 1,900,417 | Common | SOLE |
| 98978V103 | ZTS | ZOETIS INC | $221.7M | 2.27% | 1,762,032 | Common | SOLE |
| 893641100 | TDG | TRANSDIGM GROUP INC | $188.6M | 1.93% | 141,842 | Common | SOLE |
| 090572207 | BIO | BIO RAD LABS INC | $164.6M | 1.68% | 543,335 | Common | SOLE |
| G5960L103 | MDT | MEDTRONIC PLC | $17.4M | 0.18% | 181,007 | Common | SOLE |
| 718172109 | PM | PHILIP MORRIS INTL INC | $10.8M | 0.11% | 67,036 | Common | SOLE |
| 40415F101 | HDB | HDFC BANK LTD | $8.2M | 0.08% | 224,364 | Common | SOLE |
| 553530106 | MSM | MSC INDL DIRECT INC | $8.0M | 0.08% | 94,539 | Common | SOLE |
| 192446102 | CTSH | COGNIZANT TECHNOLOGY SOLUTIO | $6.5M | 0.07% | 78,090 | Common | SOLE |
| 64110W102 | NTES | NETEASE INC | $4.5M | 0.05% | 32,957 | Common | SOLE |
| 81141R100 | SE | SEA LTD | $2.9M | 0.03% | 22,860 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $2.6M | 0.03% | 22,506 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $1.6M | 0.02% | 5,429 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.