Veritas Asset Management LL.P. 13F annual report
Veritas Asset Management LL.P. is an investment fund managing more than $13.2 trillion ran by Nicola Smith. There are currently 32 companies in Mrs. Smith’s portfolio. The largest investments include Alphabet Inc and Amazon.com, together worth $3.1 trillion.
$13.2 trillion Assets Under Management (AUM)
As of 5th August 2024, Veritas Asset Management LL.P.’s top holding is 9,478,252 shares of Alphabet Inc currently worth over $1.73 trillion and making up 13.1% of the portfolio value.
Relative to the number of outstanding shares of Alphabet Inc, Veritas Asset Management LL.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 7,113,277 shares of Amazon.com worth $1.37 trillion, whose value fell 3.1% in the past six months.
The third-largest holding is Canadian Pacific Kansas City worth $968 billion and the next is Unitedhealth Inc worth $912 billion, with 1,790,360 shares owned.
Currently, Veritas Asset Management LL.P.'s portfolio is worth at least $13.2 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Veritas Asset Management LL.P.
The Veritas Asset Management LL.P. office and employees reside in London, United Kingdom. According to the last 13-F report filed with the SEC, Nicola Smith serves as the Partner at Veritas Asset Management LL.P..
Recent trades
In the most recent 13F filing, Veritas Asset Management LL.P. revealed that it had opened a new position in
Zoetis Inc and bought 2,316,961 shares worth $402 billion.
This means they effectively own approximately 0.1% of the company.
Zoetis Inc makes up
14.9%
of the fund's Health Care sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Aon plc by buying
1,814,906 additional shares.
This makes their stake in Aon plc total 2,126,796 shares worth $624 billion.
Aon plc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Veritas Asset Management LL.P. is getting rid of from its portfolio.
Veritas Asset Management LL.P. closed its position in Equifax on 12th August 2024.
It sold the previously owned 656,305 shares for $176 billion.
Nicola Smith also disclosed a decreased stake in Alphabet Inc by approximately 0.1%.
This leaves the value of the investment at $1.73 trillion and 9,478,252 shares.
One of the largest hedge funds
The two most similar investment funds to Veritas Asset Management LL.P. are Brown Brothers Harriman & Co and Regions Financial Corp. They manage $13.3 trillion and $13.1 trillion respectively.
Nicola Smith investment strategy
Veritas Asset Management LL.P.’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Health Care — making up 20.4% of
the total portfolio value.
The fund focuses on investments in the United States as
37.5% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
47% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $335 billion.
The complete list of Veritas Asset Management LL.P. trades based on 13F SEC filings
These positions were updated on August 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Alphabet Inc |
4.16%
9,478,252
|
$1,726,463,601,000 | 13.06% |
| Amazon.com Inc. |
1.42%
7,113,277
|
$1,374,640,780,000 | 10.40% |
| Canadian Pacific Kansas City |
6.72%
12,295,073
|
$967,991,097,000 | 7.32% |
| Unitedhealth Group Inc |
1.67%
1,790,360
|
$911,758,734,000 | 6.90% |
| Fiserv, Inc. |
15.10%
5,846,562
|
$871,371,600,000 | 6.59% |
| Microsoft Corporation |
0.09%
1,759,728
|
$786,510,430,000 | 5.95% |
| Intercontinental Exchange In |
28.98%
5,272,203
|
$721,711,869,000 | 5.46% |
| Charter Communications Inc N |
1.71%
2,210,714
|
$660,915,057,000 | 5.00% |
| Mastercard Incorporated |
22.83%
1,464,913
|
$646,261,019,000 | 4.89% |
| Thermo Fisher Scientific Inc. |
32.05%
1,148,526
|
$635,134,878,000 | 4.81% |
| Aon plc. |
581.91%
2,126,796
|
$624,384,770,000 | 4.72% |
| Elevance Health Inc |
1.98%
1,137,062
|
$616,128,415,000 | 4.66% |
| Becton Dickinson & Co. |
2.82%
2,105,685
|
$492,119,641,000 | 3.72% |
| Zoetis Inc |
Opened
2,316,961
|
$401,668,359,000 | 3.04% |
| Moodys Corp |
15.50%
935,906
|
$393,950,913,000 | 2.98% |
| Cooper Cos Inc |
2.93%
4,480,449
|
$391,143,198,000 | 2.96% |
| Automatic Data Processing In |
0.29%
1,392,367
|
$332,344,079,000 | 2.51% |
| Bio Rad Labs Inc |
1.59%
1,128,811
|
$308,289,572,000 | 2.33% |
| Catalent Inc. |
27.05%
4,395,354
|
$247,150,755,000 | 1.87% |
| Equifax, Inc. |
Closed
656,305
|
$175,574,714,000 | |
| Medtronic Plc |
No change
181,007
|
$14,247,061,000 | 0.11% |
| Meta Platforms Inc |
6.91%
25,187
|
$12,699,789,000 | 0.10% |
| Icici Bank Limited |
243.94%
429,919
|
$12,385,966,000 | 0.09% |
| Philip Morris International Inc |
No change
113,358
|
$11,486,566,000 | 0.09% |
| Franco Nev Corp |
13.04%
90,541
|
$10,730,919,000 | 0.08% |
| HDFC Bank Ltd. |
No change
155,817
|
$10,023,708,000 | 0.08% |
| Msc Indl Direct Inc |
No change
116,681
|
$9,253,970,000 | 0.07% |
| Cognizant Technology Solutio |
No change
115,295
|
$7,840,060,000 | 0.06% |
| Infosys Ltd |
No change
420,000
|
$7,820,400,000 | 0.06% |
| Cisco Sys Inc |
Closed
123,560
|
$6,166,880,000 | |
| Taiwan Semiconductor Mfg Ltd |
60.44%
25,033
|
$4,350,986,000 | 0.03% |
| Coca-Cola Co |
No change
46,387
|
$2,952,533,000 | 0.02% |
| New Oriental Ed & Technology |
80.28%
21,291
|
$1,654,949,000 | 0.01% |
| Miniso Group Hldg Ltd |
No change
54,608
|
$1,041,375,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 34 holdings | |||
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