Veritas Asset Management LLP

London, X0 · CIK 1541448 · 13F filing filed 2026-08-04

SEC-registered investment adviser since 2015 · limited liability partnership

Assets managed$19.1bn
Staff42 · 16 in investment roles
Main clients (by assets)Pension plans 57%, Private funds 27%, State and local governments 10%
Websitevamllp.com
Form ADV · 2026-03-26SEC adviser record

Legal entityVERITAS ASSET MANAGEMENT LLP (GB)

Kindinstitutions, futures, FCA fund manager
Others nearbyLondon

As an employer

Offices in1 country

In the UK

FCA-authorised companies1
Manages investmentsyes
Retail clientsno, professional only

Company	Town	Staff	Pay gap report	FCA register
VERITAS ASSET MANAGEMENT LLP Limited Liability PartnershipFCA: Authorised · manages investments, deals	London			Authorisedmanages investments, deals

Sources: Companies House (accounts filed electronically; the largest groups often file on paper, so their staff numbers can be missing), the UK gender pay gap service (employers with 250+ staff) and the FCA's Financial Services Register. Contains public sector information licensed under the Open Government Licence v3.0.

$5.6bn reported value -5.8% vs Q1 2026

21positions

77.3%in top 10

4 new 2 added 15 reduced 4 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	AMAZON COM INC COM AMZN	AMZN	2,280,144	$543.4m9.78%	9.78%	Reduced -339.2k	-339,180 -12.9%
2	MASTERCARD INCORPORATED CL A MA	MA	995,345	$511.2m9.20%	9.20%	Reduced -68.0k	-67,969 -6.4%
3	CANADIAN PACIFIC KANSAS CITY COM CP	CP	5,727,867	$496.3m8.93%	8.93%	Reduced -1.1m	-1,126,494 -16.4%
4	AON PLC SHS CL A AON	AON	1,408,111	$467.1m8.40%	8.40%	Reduced -112.2k	-112,166 -7.4%
5	UNITEDHEALTH GROUP INC COM UNH	UNH	1,078,201	$448.1m8.06%	8.06%	Reduced -803.9k	-803,870 -42.7%
6	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	882,873	$442.6m7.96%	7.96%	Added +36.9k	+36,878 4.4%
7	MICROSOFT CORP COM MSFT	MSFT	1,131,674	$422.1m7.59%	7.59%	Reduced -167.0k	-166,961 -12.9%
8	S&P GLOBAL INC COM SPGI	SPGI	830,609	$338.3m6.08%	6.08%	New
9	WATERS CORP COM WAT	WAT	851,624	$319.4m5.75%	5.75%	Reduced -349.2k	-349,189 -29.1%
10	VULCAN MATLS CO COM VMC	VMC	1,039,426	$306.6m5.52%	5.52%	New
11	HYATT HOTELS CORP COM CL A H	H	1,326,362	$257.1m4.62%	4.62%	Reduced -9.9k	-9,885 -0.7%
12	INTERCONTINENTAL EXCHANGE IN COM ICE	ICE	1,983,591	$244.2m4.39%	4.39%	Reduced -163.5k	-163,460 -7.6%
13	BECTON DICKINSON & CO COM BDX	BDX	1,393,329	$210.9m3.79%	3.79%	Reduced -629.5k	-629,501 -31.1%
14	TRANSDIGM GROUP INC COM TDG	TDG	137,969	$183.8m3.31%	3.31%	Added +4.0k	+3,995 3.0%
15	STRYKER CORPORATION COM SYK	SYK	533,784	$168.1m3.02%	3.02%	New
16	ELEVANCE HEALTH INC COM ELV	ELV	428,672	$165.8m2.98%	2.98%	Reduced -206.7k	-206,699 -32.5%
17	PHILIP MORRIS INTL INC COM PM	PM	51,387	$9.3m0.17%	0.17%	Reduced -15.6k	-15,649 -23.3%
18	SALESFORCE INC COM CRM	CRM	51,741	$8.1m0.15%	0.15%	Reduced -2.2m	-2,202,145 -97.7%
19	OTIS WORLDWIDE CORP COM OTIS	OTIS	105,652	$7.6m0.14%	0.14%	New
20	MEDTRONIC PLC SHS MDT	MDT	96,690	$7.6m0.14%	0.14%	Reduced -66.0k	-66,018 -40.6%
21	TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS TSM	TSM	3,823	$1.8m0.03%	0.03%	Reduced -519	-519 -11.9%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
CHARTER COMMUNICATIONS INC N CHTR	CHTR	1,113,053	$240.3m1.1m shares
ZOETIS INC ZTS	ZTS	1,252,898	$148.1m1.3m shares
MSC INDL DIRECT INC MSM	MSM	75,386	$7.0m75.4k shares
PDD HOLDINGS INC PDD	PDD	10,020	$1.0m10.0k shares