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Livermore
Livermore
ZHEN

Veritas Asset Management LLP

SEC CIK
0001541448
Latest filing
Aug 4, 2026

The latest 13F from Veritas Asset Management LLP covers Q2 2026 (filed Aug 4, 2026): 21 long positions worth $5.56B. The top 10 holdings make up 77.3% of the portfolio, and the largest is Amazon Com Inc (AMZN) at 9.8%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q2 2026

Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
4
Est. +$820.5M
Added
2
Est. +$23.8M
Reduced
15
Est. −$1.33B
Sold out
4
Est. −$396.4M

Top 5 holdings

Share of this quarter's portfolio value

  1. AMZNAmazon Com Inc
    9.8%$543.4MHistory
  2. MAMastercard Inc
    9.2%$511.2MHistory
  3. CPCanadian Pacific Kansas City Ltd
    8.9%$496.3MHistory
  4. AONAon plc
    8.4%$467.1MHistory
  5. UNHUnitedHealth Group Inc
    8.1%$448.1MHistory

Share of portfolio

Top 5 holdings and the other 16 positions, by share of portfolio value

  1. AMZN9.8%
  2. MA9.2%
  3. CP8.9%
  4. AON8.4%
  5. UNH8.1%
  6. Other 16 positions55.6%

Biggest buys

New and added positions, by estimated amount bought

  1. SPGIS&P Global Inc.
    +$338.3MNewHistory
  2. VMCVulcan Materials CO
    +$306.6MNewHistory
  3. SYKStryker Corp
    +$168.1MNewHistory
  4. TMOThermo Fisher Scientific Inc.
    +$18.5MAddedHistory
  5. OTISOtis Worldwide Corp
    +$7.56MNewHistory

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. SPGIS&P Global Inc.
    +6.08 pp0.0% → 6.1%History
  2. VMCVulcan Materials CO
    +5.52 pp0.0% → 5.5%History
  3. SYKStryker Corp
    +3.02 pp0.0% → 3.0%History
  4. TMOThermo Fisher Scientific Inc.
    +0.92 pp7.0% → 8.0%History
  5. TDGTransDigm Group INC
    +0.68 pp2.6% → 3.3%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CRMSalesforce, Inc.
    −$345.0MReducedHistory
  2. UNHUnitedHealth Group Inc
    −$334.1MReducedHistory
  3. CHTRCharter Communications, Inc.
    −$240.3MSold outHistory
  4. ZTSZoetis Inc.
    −$148.1MSold outHistory
  5. WATWaters Corp
    −$131.0MReducedHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. CRMSalesforce, Inc.
    −6.98 pp7.1% → 0.1%History
  2. CHTRCharter Communications, Inc.
    −4.07 pp4.1% → 0.0%History
  3. ZTSZoetis Inc.
    −2.51 pp2.5% → 0.0%History
  4. BDXBecton Dickinson & Co
    −1.60 pp5.4% → 3.8%History
  5. ICEIntercontinental Exchange, Inc.
    −1.33 pp5.7% → 4.4%History

Metrics

13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.

Portfolio value
$5.56B
−$343.6M (−5.8%) vs. prior quarter
Positions
21
0 vs. prior quarter
Top 10 concentration
77.3%
Top 10 as share of value
Turnover
14.7%
Q2 2026, one quarter
Average holding period
14.1 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $18.3B (Q1 2021)

Q1 2021: $18.3BQ2 2021: $17.8BQ3 2021: $17.4BQ4 2021: $17.8BQ1 2022: $16.3BQ2 2022: $13.4BQ3 2022: $12.1BQ4 2022: $12.2BQ1 2023: $13.5BQ2 2023: $14.4BQ3 2023: $13.3BQ4 2023: $13.9BQ1 2024: $13.8BQ2 2024: $13.2BQ3 2024: $13.5BQ4 2024: $10.7BQ1 2025: $9.90BQ2 2025: $10.0BQ3 2025: $9.36BQ4 2025: $9.77BQ1 2026: $5.90BQ2 2026: $5.56B
Q1 2021Q2 2026
13F filings of Veritas Asset Management LLP by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2026Aug 4, 202621$5.56BAMZNMACPvs. Q1 2026SEC
Q1 2026May 14, 202621$5.90BAMZNCPMAvs. Q4 2025SEC
Q4 2025Feb 17, 202627$9.77BAMZNMSFTUNHvs. Q3 2025SEC
Q3 2025Nov 4, 202530$9.36BMSFTAMZNUNHvs. Q2 2025SEC
Q2 2025Aug 7, 202534$10.0BMSFTAMZNUNHvs. Q1 2025SEC
Q1 2025May 15, 202535$9.90BMSFTAMZNUNHvs. Q4 2024SEC
Q4 2024Feb 4, 202535$10.7BGOOGLAMZNMSFTvs. Q3 2024SEC
Q3 2024Oct 29, 202434$13.5BGOOGLAMZNCPvs. Q2 2024SEC
Q2 2024Aug 12, 202432$13.2BGOOGLAMZNCPvs. Q1 2024SEC
Q1 2024May 10, 202433$13.8BGOOGLAMZNCPvs. Q4 2023SEC
Q4 2023Feb 14, 202433$13.9BGOOGLMAAMZNvs. Q3 2023SEC
Q3 2023Oct 20, 202335$13.3BGOOGLMACHTRvs. Q2 2023SEC
Q2 2023Aug 22, 2023Amended38$14.4BGOOGLMACPvs. Q1 2023SECSEC
Q1 2023May 10, 202334$13.5BMSFTGOOGLCPvs. Q4 2022SEC
Q4 2022Feb 7, 202332$12.2BGOOGLMSFTMAvs. Q3 2022SEC
Q3 2022Nov 10, 202237$12.1BGOOGLCPFISVvs. Q2 2022SEC
Q2 2022Aug 3, 202238$13.4BGOOGLCHTRCPvs. Q1 2022SEC
Q1 2022May 6, 202235$16.3BGOOGLCVSCHTRvs. Q4 2021SEC
Q4 2021Feb 8, 202232$17.8BGOOGLCHTRCVSvs. Q3 2021SEC
Q3 2021Oct 29, 202133$17.4BGOOGLCHTRMSFTvs. Q2 2021SEC
Q2 2021Jul 29, 202133$17.8BGOOGLCHTRCPvs. Q1 2021SEC
Q1 2021May 13, 202135$18.3BGOOGLCHTRCP–SEC

13D and 13G filings

Companies where Veritas Asset Management LLP reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Veritas Asset Management LLP does not currently report owning 5% or more of any company.

Latest filings

2 filings on file made by Veritas Asset Management LLP or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Veritas Asset Management LLP
CompanyFiled (ET)FormStakeChangeEvent dateFiling
CTLTCatalent, Inc.Feb 12, 202413G/AOld format–––SEC
CTLTCatalent, Inc.Jan 27, 202313GOld format–New–SEC