Veritas Asset Management LLP

Q3 2025 13F-HR Holdings

Location
London, X0
Holdings as of
9/30/2025
Date filed
11/4/2025
Form type
13F-HR
Num holdings
30
Total value ($000)
$9,360,322
Net value change ($000)
-635,328 (-6.4%)
New positions
2
Sold out positions
6
Turnover %
2.5%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/7/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
BDX 190,991 52.7%
WAT 175,320 NEW
CRM 157,588 28.0%
AON 118,319 19.3%
TMO 78,528 15.3%
FUTU 36,281 98.3%
H 29,067 NEW
BIO 28,367 13.6%
MDT 1,461 9.3%
MSM 673 8.4%
Top Reduces (Value $000, Stocks/ETFs)
MSFT -366,926 -24.5%
GOOGL -281,373 -33.6%
CHTR -225,273 -34.6%
HLT -163,777 -94.9%
CP -69,646 -8.8%
ELV -63,515 -17.9%
SCHW -60,751 -30.0%
UNH -53,521 -5.5%
ICE -50,195 -12.7%
AMZN -43,573 -4.1%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type