Veritas Asset Management L

Veritas Asset Management

Medium

Period

Q2 2026

Portfolio Date

Jun 30, 2026

Stocks Held

21

Market Value

$5.6B

Holdings Value Trend

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q2 2026

Top 5 Holdings

1

$AMZN

Amazon.com, Inc.

9.8%

% of Portfolio

2

$MA

Mastercard Incorporated

9.2%

% of Portfolio

3

$CP

Canadian Pacific Kansas City Limited

8.9%

% of Portfolio

4

$AON

Aon plc

8.4%

% of Portfolio

5

$UNH

UnitedHealth Group Incorporated

8.1%

% of Portfolio

Historical Positions

SymbolQ2 2026Q1 2026Q4 2025Q3 2025
AMZN9.8%9.2%10.3%10.8%
MA9.2%9.0%--
CP8.9%9.1%7.0%7.7%
AON8.4%8.3%7.2%7.8%
UNH8.1%8.6%8.6%9.8%
TMO8.0%7.0%6.7%6.3%
MSFT7.6%8.1%10.3%12.1%
SPGI6.1%---
WAT5.8%6.1%4.8%-
VMC5.5%---

Post-Filing Contributors

Price change since reported price, ranked by portfolio contribution

MSFT+35.95%
AMZN+3.06%
TMO+36.16%
MA+28.13%
ICE+39.94%

Post-Filing Detractors

Price change since reported price, ranked by portfolio contribution

ZTS-30.28%
H-4.07%
CHTR-5.58%
VMC-1.99%
TDG-8.89%

Sector Analysis

Materials5.5%
Financials28.1%
Healthcare31.7%
Technology7.8%
Industrials12.4%
Consumer Staples0.2%
Communication Services0.0%
Consumer Discretionary14.4%

Trading Summary

1

$SPGI

6.1%

2

$VMC

5.5%

3

$SYK

3.0%

4

$OTIS

0.1%

All Holdings

1

$AMZN

9.8%

2

$MA

9.2%

3

$CP

8.9%

4

$AON

8.4%

5

$UNH

8.1%

6

$TMO

8.0%

7

$MSFT

7.6%

8

$SPGI

6.1%

9

$WAT

5.8%

10

$VMC

5.5%

11

$H

4.6%

12

$ICE

4.4%

13

$BDX

3.8%

14

$TDG

3.3%

15

$SYK

3.0%

16

$ELV

3.0%

17

$PM

0.2%

18

$CRM

0.1%

19

$OTIS

0.1%

20

$MDT

0.1%

21

$TSM

0.0%