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Veritas Asset Management LLP

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13F filer, CIK 1541448, London, United Kingdom

Veritas Asset Management LLP reported $9,995,649,896 across 34 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-07. Its ten largest share positions make up 78.87% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-002935

Period
2025-06-30
Reported value
$10B
Holdings
34
Top 10 weight
78.87%
New
3
Sold out
4

Largest buys vs the previous quarter

SecurityShares changeApprox. value
UNHadded+1,528,984$477M
HLTnew+648,191$173M
MSFTadded+106,777$53.1M
BDXadded+174,954$30.1M
CPNGnew+513,138$15.4M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
COOexited-3,847,698-$325M
ICEreduced-737,911-$135M
CPreduced-627,916-$49.8M
AMZNreduced-212,782-$46.7M
AONreduced-118,709-$42.4M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001172661-25-002935, largest first. % of portfolio is the value over $9,995,649,896, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,230,108 shares; 2024Q4: 2,010,982 shares; 2025Q1: 2,902,821 shares; 2025Q2: 3,009,598 shares 3,009,598$1.5B14.98%+106,777Timeline
AMZNAMAZON COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,742,823 shares; 2024Q4: 5,257,561 shares; 2025Q1: 5,002,919 shares; 2025Q2: 4,790,137 shares 4,790,137$1.05B10.51%-212,782Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,759,015 shares; 2024Q4: 1,547,220 shares; 2025Q1: 1,579,007 shares; 2025Q2: 3,107,991 shares 3,107,991$970M9.7%+1,528,984Timeline
GOOGLALPHABET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,300,950 shares; 2024Q4: 6,160,305 shares; 2025Q1: 4,942,977 shares; 2025Q2: 4,747,543 shares 4,747,543$837M8.37%-195,434Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,208,139 shares; 2024Q4: 11,189,446 shares; 2025Q1: 10,638,175 shares; 2025Q2: 10,010,259 shares 10,010,259$794M7.94%-627,916Timeline
CHTRCHARTER COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,006,085 shares; 2024Q4: 1,800,378 shares; 2025Q1: 1,675,255 shares; 2025Q2: 1,590,422 shares 1,590,422$650M6.5%-84,833Timeline
AONAON PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,010,557 shares; 2024Q4: 2,220,648 shares; 2025Q1: 1,839,697 shares; 2025Q2: 1,720,988 shares 1,720,988$614M6.14%-118,709Timeline
CRMSALESFORCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,680,957 shares; 2024Q4: 2,432,713 shares; 2025Q1: 2,140,639 shares; 2025Q2: 2,063,844 shares 2,063,844$563M5.63%-76,795Timeline
TMOTHERMO FISHER SCIENTIFIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,130,476 shares; 2024Q4: 1,027,159 shares; 2025Q1: 1,333,052 shares; 2025Q2: 1,263,447 shares 1,263,447$512M5.13%-69,605Timeline
ICEINTERCONTINENTAL EXCHANGE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,224,195 shares; 2024Q4: 3,750,592 shares; 2025Q1: 2,897,949 shares; 2025Q2: 2,160,038 shares 2,160,038$396M3.96%-737,911Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,446,272 shares; 2024Q4: 867,937 shares; 2025Q1: 736,921 shares; 2025Q2: 695,212 shares 695,212$391M3.91%-41,709Timeline
BDXBECTON DICKINSON & COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,295,205 shares; 2024Q4: 2,057,554 shares; 2025Q1: 1,927,090 shares; 2025Q2: 2,102,044 shares 2,102,044$362M3.62%+174,954Timeline
ELVELEVANCE HEALTH INC FORMERLYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,097,778 shares; 2024Q4: 986,738 shares; 2025Q1: 952,903 shares; 2025Q2: 913,358 shares 913,358$355M3.55%-39,545Timeline
ZTSZOETIS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,297,522 shares; 2024Q4: 1,972,680 shares; 2025Q1: 1,873,922 shares; 2025Q2: 1,825,949 shares 1,825,949$285M2.85%-47,973Timeline
BIOBIO RAD LABS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,086,479 shares; 2024Q4: 976,827 shares; 2025Q1: 913,122 shares; 2025Q2: 863,141 shares 863,141$208M2.08%-49,981Timeline
SCHWCHARLES SCHWAB CORP (THE)Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,508,436 shares; 2025Q1: 2,293,473 shares; 2025Q2: 2,223,011 shares 2,223,011$203M2.03%-70,462Timeline
HLTHILTON WORLDWIDE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 648,191 shares 648,191$173M1.73%newTimeline
FUTUFUTU HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 413,459 shares; 2024Q4: 301,644 shares; 2025Q1: 298,650 shares; 2025Q2: 298,650 shares 298,650$36.9M0.37%0Timeline
MDTMEDTRONIC PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 181,007 shares; 2024Q4: 181,007 shares; 2025Q1: 181,007 shares; 2025Q2: 181,007 shares 181,007$15.8M0.16%0Timeline
CPNGCOUPANG INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 513,138 shares 513,138$15.4M0.15%newTimeline
PMPHILIP MORRIS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 101,545 shares; 2024Q4: 101,545 shares; 2025Q1: 86,784 shares; 2025Q2: 72,383 shares 72,383$13.2M0.13%-14,401Timeline
HSAIHESAI GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 500,635 shares 500,635$11M0.11%newTimeline
HDBHDFC BANK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 155,817 shares; 2024Q4: 155,817 shares; 2025Q1: 150,926 shares; 2025Q2: 135,976 shares 135,976$10.4M0.1%-14,950Timeline
CTSHCOGNIZANT TECHNOLOGY SOLUTIOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 115,295 shares; 2024Q4: 115,295 shares; 2025Q1: 115,295 shares; 2025Q2: 115,295 shares 115,295$9M0.09%0Timeline
MSMMSC INDL DIRECT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 116,681 shares; 2024Q4: 116,681 shares; 2025Q1: 116,681 shares; 2025Q2: 94,539 shares 94,539$8.04M0.08%-22,142Timeline
NTESNETEASE COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 55,069 shares; 2024Q4: 55,069 shares; 2025Q1: 55,069 shares; 2025Q2: 55,069 shares 55,069$7.41M0.07%0Timeline
PDDPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,715 shares; 2024Q4: 23,791 shares; 2025Q1: 22,506 shares; 2025Q2: 22,506 shares 22,506$2.36M0.02%0Timeline
TSMTAIWAN SEMICONDUCTOR MANUFACQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,302 shares; 2024Q4: 9,960 shares; 2025Q1: 9,960 shares; 2025Q2: 9,960 shares 9,960$2.26M0.02%0Timeline
YMMFULL TRUCK ALLIANCE CO LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 72,884 shares; 2025Q1: 99,006 shares; 2025Q2: 111,136 shares 111,136$1.31M0.01%+12,130Timeline
BEKEKE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 29,702 shares; 2025Q1: 28,091 shares; 2025Q2: 48,473 shares 48,473$860K0.01%+20,382Timeline
JDJD.COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 741,055 shares; 2024Q4: 24,099 shares; 2025Q1: 22,792 shares; 2025Q2: 22,792 shares 22,792$744K0.01%0Timeline
IBNICICI BK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 429,919 shares; 2024Q4: 429,919 shares; 2025Q1: 15,424 shares; 2025Q2: 15,424 shares 15,424$519K0.01%0Timeline
TALTAL ED GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 43,076 shares; 2025Q1: 40,746 shares; 2025Q2: 40,746 shares 40,746$416K<0.01%0Timeline
VNETVNET GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 50,306 shares; 2025Q2: 50,306 shares 50,306$347K<0.01%0Timeline

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
COOCOOPER COS INC3,847,698$325Mshares
TMETENCENT MUSIC ENTMT GROUP1,507,402$21.7Mshares
FNVFRANCO NEV CORP72,266$11.4Mshares
TCOMTRIP COM GROUP LTD13,568$863Kshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-25-002935 base2025-08-07acceptance time not in the bulk data set