Veritas Asset Management LLP

Q4 2025 13F-HR Holdings

Location
London, X0
Holdings as of
12/31/2025
Date filed
2/17/2026
Form type
13F-HR
Num holdings
27
Total value ($000)
$9,772,914
Net value change ($000)
+412,592 (4.4%)
New positions
2
Sold out positions
5
Turnover %
4.3%
Sector allocation + QoQ delta (equities-only)
Prev filing: 11/4/2025 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q3 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)
WAT 296,127 168.9%
H 275,608 948.2%
TDG 188,629 NEW
ICE 118,316 34.2%
MA 71,937 19.0%
TMO 66,215 11.2%
CRM 65,094 9.0%
GOOGL 19,625 3.5%
ELV 14,633 5.0%
BDX 4,802 0.9%
Top Reduces (Value $000, Stocks/ETFs)
SCHW -142,077 -100.0%
MSFT -121,250 -10.7%
CHTR -107,371 -25.3%
UNH -80,032 -8.7%
FUTU -73,191 -100.0%
BIO -72,035 -30.4%
ZTS -39,672 -15.2%
CP -35,835 -5.0%
AON -29,202 -4.0%
HLT -8,862 -100.0%
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