1y return−2.6%S&P 500 +20.9%
3y return+15.6%S&P 500 +68.5%
5y return+2.1%S&P 500 +74.5%
10y return+127.7%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $228 against $357 in the S&P 500.2
Veritas Asset Management LLPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| AMZNAmazon Com Inc | $543.4M | 9.8% | −12.9% |
| MAMastercard Incorporated | $511.2M | 9.2% | −6.4% |
| CPCanadian Pacific Kansas City | $496.3M | 8.9% | −16.4% |
| Aon PLCCUSIP G0403H108 | $467.1M | 8.4% | −7.4% |
| UNHUnitedhealth Group Inc | $448.1M | 8.1% | −42.7% |
| TMOThermo Fisher Scientific Inc | $442.6M | 8.0% | +4.4% |
| MSFTMicrosoft Corp | $422.1M | 7.6% | −12.9% |
| SPGIS&p Global Inc | $338.3M | 6.1% | New |
| WATWaters Corp | $319.4M | 5.7% | −29.1% |
| VMCVulcan Matls Co | $306.6M | 5.5% | New |
| HHyatt Hotels Corp | $257.1M | 4.6% | |
| ICEIntercontinental Exchange In | $244.2M | 4.4% | −7.6% |
| BDXBecton Dickinson & Co | $210.9M | 3.8% | −31.1% |
| TDGTransdigm Group Inc | $183.8M | 3.3% | +3.0% |
| SYKStryker Corporation | $168.1M | 3.0% | New |
| ELVElevance Health Inc Formerly | $165.8M | 3.0% | −32.5% |
| PMPhilip Morris Intl Inc | $9.3M | 0.2% | −23.3% |
| CRMSalesforce Inc | $8.1M | 0.1% | −97.7% |
| OTISOtis Worldwide Corp | $7.6M | 0.1% | New |
| Medtronic PLCCUSIP G5960L103 | $7.6M | 0.1% | −40.6% |
| TSMTaiwan Semiconductor Manufac | $1.8M | 0.0% | −12.0% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| TSMTaiwan Semiconductor Manufac | June 30, 2022 | +484.2% | $1.8M |
| PMPhilip Morris Intl Inc | June 30, 2020 | +158.2% | $9.3M |
| MSFTMicrosoft Corp | June 30, 2020 | +83.3% | $422.1M |
| MAMastercard Incorporated | June 30, 2020 | +73.7% | $511.2M |
| AMZNAmazon Com Inc | September 30, 2021 | +45.1% | $543.4M |
| UNHUnitedhealth Group Inc | June 30, 2020 | +40.9% | $448.1M |
| TMOThermo Fisher Scientific Inc | June 30, 2020 | +38.4% | $442.6M |
| HHyatt Hotels Corp | September 30, 2025 | +36.6% | $257.1M |
| ICEIntercontinental Exchange In | June 30, 2020 | +34.4% | $244.2M |
| WATWaters Corp | September 30, 2025 | +25.1% | $319.4M |
Sold off last quarter
- CHTRCharter Communications Inc was $240.3M
- ZTSZoetis Inc was $148.1M
- MSMMsc Indl Direct Inc was $7.0M
- PDDPdd Holdings Inc was $1.0M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +6.7% | +14.8% |
| March 31, 2026 | −13.1% | −4.6% |
| December 31, 2025 | +2.6% | +2.4% |
| September 30, 2025 | +2.3% | +7.8% |
| June 30, 2025 | +1.2% | +10.5% |
| March 31, 2025 | −3.7% | −4.6% |
| December 31, 2024 | −0.5% | +2.1% |
| September 30, 2024 | +7.2% | +5.4% |
| June 30, 2024 | +0.0% | +4.0% |
| March 31, 2024 | +7.7% | +10.0% |
| December 31, 2023 | +8.4% | +11.2% |
| September 30, 2023 | −2.2% | −3.6% |
| June 30, 2023 | +5.5% | +8.3% |
| March 31, 2023 | +11.0% | +7.0% |
| December 31, 2022 | +2.6% | +7.1% |
| September 30, 2022 | −10.4% | −5.3% |
| June 30, 2022 | −16.2% | −16.5% |
| March 31, 2022 | −7.0% | −4.9% |
| December 31, 2021 | +5.4% | +10.7% |
| September 30, 2021 | −0.0% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Veritas Asset Management LLP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1541448&type=13F-HR&dateb=&owner=include&count=40CIK 1541448
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1541448/000117266126003051/Filed August 4, 2026 · accession 0001172661-26-003051