# Veritas Asset Management LLP: Form 13F holdings

An institutional investment manager in London. SEC CIK 1541448.

- Quarter ended: 2026-06-30
- Filed: 2026-08-04
- Reported value: $5.56bn
- Positions: 21 (21 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1541448/000117266126003051/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [AMAZON COM INC (AMZN)](/companies/amzn.md) | COM | $543.4m | 9.8% | 2,280,144 |  | Reduced −339,180 |
| [MASTERCARD INCORPORATED (MA)](/companies/ma.md) | CL A | $511.2m | 9.2% | 995,345 |  | Reduced −67,969 |
| [CANADIAN PACIFIC KANSAS CITY (CP)](/companies/cp.md) | COM | $496.3m | 8.9% | 5,727,867 |  | Reduced −1,126,494 |
| AON PLC | SHS CL A | $467.1m | 8.4% | 1,408,111 |  | Reduced −112,166 |
| [UNITEDHEALTH GROUP INC (UNH)](/companies/unh.md) | COM | $448.1m | 8.1% | 1,078,201 |  | Reduced −803,870 |
| [THERMO FISHER SCIENTIFIC INC (TMO)](/companies/tmo.md) | COM | $442.6m | 8.0% | 882,873 |  | Added +36,878 |
| [MICROSOFT CORP (MSFT)](/companies/msft.md) | COM | $422.1m | 7.6% | 1,131,674 |  | Reduced −166,961 |
| [S&P GLOBAL INC (SPGI)](/companies/spgi.md) | COM | $338.3m | 6.1% | 830,609 |  | New +830,609 |
| [WATERS CORP (WAT)](/companies/wat.md) | COM | $319.4m | 5.7% | 851,624 |  | Reduced −349,189 |
| [VULCAN MATLS CO (VMC)](/companies/vmc.md) | COM | $306.6m | 5.5% | 1,039,426 |  | New +1,039,426 |
| [HYATT HOTELS CORP (H)](/companies/h.md) | COM CL A | $257.1m | 4.6% | 1,326,362 |  | Reduced −9,885 |
| [INTERCONTINENTAL EXCHANGE IN (ICE)](/companies/ice.md) | COM | $244.2m | 4.4% | 1,983,591 |  | Reduced −163,460 |
| [BECTON DICKINSON & CO (BDX)](/companies/bdx.md) | COM | $210.9m | 3.8% | 1,393,329 |  | Reduced −629,501 |
| [TRANSDIGM GROUP INC (TDG)](/companies/tdg.md) | COM | $183.8m | 3.3% | 137,969 |  | Added +3,995 |
| [STRYKER CORPORATION (SYK)](/companies/syk.md) | COM | $168.1m | 3.0% | 533,784 |  | New +533,784 |
| [ELEVANCE HEALTH INC FORMERLY (ELV)](/companies/elv.md) | COM | $165.8m | 3.0% | 428,672 |  | Reduced −206,699 |
| [PHILIP MORRIS INTL INC (PM)](/companies/pm.md) | COM | $9.3m | 0.2% | 51,387 |  | Reduced −15,649 |
| [SALESFORCE INC (CRM)](/companies/crm.md) | COM | $8.1m | 0.1% | 51,741 |  | Reduced −2,202,145 |
| [OTIS WORLDWIDE CORP (OTIS)](/companies/otis.md) | COM | $7.6m | 0.1% | 105,652 |  | New +105,652 |
| MEDTRONIC PLC | SHS | $7.6m | 0.1% | 96,690 |  | Reduced −66,018 |
| [TAIWAN SEMICONDUCTOR MANUFAC (TSM)](/companies/tsm.md) | SPONSORED ADS | $1.8m | <0.1% | 3,823 |  | Reduced −519 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [CHARTER COMMUNICATIONS INC (CHTR)](/companies/chtr.md) | CL A | $0 | 0.0% | 0 |  | Sold out −1,113,053 |
| [MSC INDL DIRECT INC (MSM)](/companies/msm.md) | CL A | $0 | 0.0% | 0 |  | Sold out −75,386 |
| [PDD HOLDINGS INC (PDD)](/companies/pdd.md) | SPONSORED ADS | $0 | 0.0% | 0 |  | Sold out −10,020 |
| [ZOETIS INC (ZTS)](/companies/zts.md) | CL A | $0 | 0.0% | 0 |  | Sold out −1,252,898 |

Source: SEC EDGAR, Form 13F-HR, accession 0001172661-26-003051. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.