SEC 13F Intelligence

Managers / Q4 2020 · view latest →

Veritas Asset Management LLP

CIK 0001541448 · 1 SMART'S PLACE, LONDON, WC2B 5LW · 442037589930

Reported Value
$16.8B
Q4 2020
Positions
35
Filings on Record
31
2019–present window
Filed
Feb 11, 2021
original filing

Summary

Veritas Asset Management LLP reported $16.8B in U.S.-listed holdings across 35 positions for Q4 2020.

Its largest position, GOOGL, represents 11.2% of the portfolio.

Compared with Q3 2020, the fund opened 6 new positions and exited 1.

Portfolio Metrics

Turnover
+3.1%
vs prior filed quarter
Top-10 Concentration
+64.2%
share of reported value
Largest Position
+11.2%
Alphabet
New / Exited
6 / 1
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $10.8BQ4 ’18Q1 ’19: $11.1BQ2 ’19: $11.7BQ3 ’19: $10.3BQ4 ’19: $11.7BQ4 ’19Q1 ’20: $12.6BQ2 ’20: $13.7BQ3 ’20: $14.4BQ4 ’20: $16.8BQ4 ’20Q1 ’21: $18.3BQ2 ’21: $17.8BQ3 ’21: $17.4BQ4 ’21: $17.8BQ4 ’21Q1 ’22: $16.3BQ2 ’22: $13.4BQ3 ’22: $12.1BQ4 ’22: $12.2BQ4 ’22Q1 ’23: $13.5BQ2 ’23: $14.4BQ3 ’23: $13.3BQ4 ’23: $13.9BQ4 ’23Q1 ’24: $13.8BQ2 ’24: $13.2BQ3 ’24: $13.5BQ4 ’24: $10.7BQ4 ’24Q1 ’25: $9.9BQ2 ’25: $10.0BQ3 ’25: $9.4BQ4 ’25: $9.8BQ4 ’25Q1 ’26: $5.9Bfilingsflow.com

Portfolio Composition

By security type
Common Stock: 79.4%Other: 11.9%ADR: 8.7%REIT: 0.1%
  • Common Stock · 79.4% · $13.3B
  • Other · 11.9% · $2.0B
  • ADR · 8.7% · $1.5B
  • REIT · 0.1% · $12M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2020 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BEKEKE HLDGS INCNEW+2.50M2.50M+$154M$154M
ILMNILLUMINA INCNEW+305.9K305.9K+$113M$113M
GDGENERAL DYNAMICS CORPNEW+113.3K113.3K+$17M$17M
VTRSVIATRIS INCNEW+28.8K28.8K+$540,000$540,000
GSXGBPGSX TECHEDU INCNEW+10.0K10.0K+$517,000$517,000
SBUXSTARBUCKS CORPNEW+2.0K2.0K+$214,000$214,000
MSFTMICROSOFT CORPADDED+3.45M3.50M+$768M$777M
SESEA LTDADDED+890.0K1.43M+$201M$284M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2020

35 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1GOOGLALPHABET INChistory →CAP STK CL A11.16%$1.9B1.07M
2CHTRCHARTER COMMUNICATIONS INC Nhistory →CL A9.56%$1.6B2.42M
3CANADIAN PAC RY LTDCOM6.81%$1.1B3.29M
4FISVFISERV INChistory →COM5.81%$974M8.55M
5ICEINTERCONTINENTAL EXCHANGE INhistory →COM5.63%$943M8.18M
6UNHUNITEDHEALTH GROUP INChistory →COM5.36%$899M2.56M
7BAXBAXTER INTL INChistory →COM5.32%$891M11.11M
8COOPER COS INCCOM NEW5.06%$849M2.34M
9CVSCVS HEALTH CORPhistory →COM4.77%$800M11.71M
10MAMASTERCARD INCORPORATEDhistory →CL A4.75%$796M2.23M
11MSFTMICROSOFT CORPhistory →COM4.64%$777M3.50M
12METAFACEBOOK INChistory →CL A4.62%$774M2.83M
13TMOTHERMO FISHER SCIENTIFIC INChistory →COM4.31%$722M1.55M
14BABAALIBABA GROUP HLDG LTDhistory →SPONSORED ADS4.23%$709M3.04M
15BDXBECTON DICKINSON & COhistory →COM4.08%$684M2.73M
16ABTABBOTT LABShistory →COM3.29%$552M5.04M
17CTLTEURCATALENT INChistory →COM2.99%$500M4.81M
184I1PHILIP MORRIS INTL INChistory →COM1.82%$304M3.68M
19SESEA LTDhistory →SPONSORD ADS1.70%$284M1.43M
20PDDPINDUODUO INChistory →SPONSORED ADS1.28%$215M1.21M
21BEKEKE HLDGS INChistory →SPONSORED ADS0.92%$154M2.50M
22ILMNILLUMINA INChistory →COM0.68%$113M305.9K
23HDBHDFC BANK LTDhistory →SPONSORED ADS0.54%$91M1.26M
24CSCOCISCO SYS INChistory →COM0.17%$29M648.2K
25MSMMSC INDL DIRECT INChistory →CL A0.17%$28M330.7K
26KOCOCA COLA COhistory →COM0.11%$18M328.9K
27GDGENERAL DYNAMICS CORPhistory →COM0.10%$17M113.3K
28WELLWELLTOWER INChistory →COM0.07%$12M187.5K
29FNVFRANCO NEV CORPCOM0.02%$4M28.6K
30TALTAL EDUCATION GROUPSPONSORED ADS0.01%$1M15.0K
31CTVACORTEVA INCCOM0.00%$736,00019.0K
32NEW ORIENTAL ED & TECHNOLOGYSPON ADR0.00%$632,0003.4K
33VTRSVIATRIS INCCOM0.00%$540,00028.8K
34GSXGBPGSX TECHEDU INCSPONSORED ADS0.00%$517,00010.0K
35SBUXSTARBUCKS CORPCOM0.00%$214,0002.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$5.9B21May 14, 202613F-HRchanges · EDGAR ↗
Q4 2025$9.8B27Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$9.4B30Nov 4, 202513F-HRchanges · EDGAR ↗
Q2 2025$10.0B34Aug 7, 202513F-HRchanges · EDGAR ↗
Q1 2025$9.9B35May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$10.7B35Feb 4, 202513F-HRchanges · EDGAR ↗
Q3 2024$13.5B34Oct 29, 202413F-HRchanges · EDGAR ↗
Q2 2024$13.2B32Aug 12, 202413F-HRchanges · EDGAR ↗
Q1 2024$13.8B33May 10, 202413F-HRchanges · EDGAR ↗
Q4 2023$13.9B33Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$13.3B35Oct 20, 202313F-HRchanges · EDGAR ↗
Q2 2023REVEALED$14.4B38Aug 8, 202313F-HRchanges · EDGAR ↗
Q1 2023$13.5B34May 10, 202313F-HRchanges · EDGAR ↗
Q4 2022$12.2B32Feb 7, 202313F-HRchanges · EDGAR ↗
Q3 2022$12.1B37Nov 10, 202213F-HRchanges · EDGAR ↗
Q2 2022$13.4B38Aug 3, 202213F-HRchanges · EDGAR ↗
Q1 2022$16.3B35May 6, 202213F-HRchanges · EDGAR ↗
Q4 2021$17.8B32Feb 8, 202213F-HRchanges · EDGAR ↗
Q3 2021$17.4B33Oct 29, 202113F-HRchanges · EDGAR ↗
Q2 2021$17.8B33Jul 29, 202113F-HRchanges · EDGAR ↗
Q1 2021$18.3B35May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$16.8B35Feb 11, 202113F-HRchanges · EDGAR ↗
Q3 2020$14.4B30Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$13.7B30Aug 11, 202013F-HRchanges · EDGAR ↗
Q1 2020$12.6B32May 7, 202013F-HRchanges · EDGAR ↗
Q4 2019$11.7B23Feb 5, 202013F-HRchanges · EDGAR ↗
Q3 2019$10.3B25Oct 31, 201913F-HRchanges · EDGAR ↗
Q2 2019$11.7B24Aug 8, 201913F-HRchanges · EDGAR ↗
Q1 2019$11.1B24May 2, 201913F-HRchanges · EDGAR ↗
Q4 2018$10.8B27Feb 12, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.