Veritas Asset Management LLP — 13F Holdings & Portfolio
CIK 1541448 · latest 13F-HR filed 2026-08-04
Veritas Asset Management LLP manages $5.56B in 13F-reported U.S. long-equity assets across 21 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are AMZN (9.78%), MA (9.20%), CP (8.93%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 4 new positions and exited 4; 4 existing positions rose in reported value and 10 fell.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
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AUM
$5.56B
Long-equity book
Holdings
21
Distinct positions
Period
2026-06-30
Filed 2026-08-04
Q/Q Activity
+4 / −4 / ↑4 / ↓10
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
Portfolio map
Q2 26Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.
Sector mix
% of 13F valueSectors from each company's SIC code; funds and ETFs grouped separately.
Biggest buys and sells
Q1 26 → Q2 26Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.
13F assets and positions
4 quartersTotal reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.
Top positions over time
reported valueThe eight largest current positions, valued at each quarter end.
Concentration
top 10 = 77.3%Cumulative share of the portfolio held in the largest N positions.
Firm Profile & Key People
As of the firm’s regulatory filing dated Mar 31, 2026.
Assets Under Management
$53.81B
Discretionary
$53.78B
Employees
146
Accounts
35
Address
9 WEST 57TH STREET
32ND FLOOR
NEW YORK, NY 10019
32ND FLOOR
NEW YORK, NY 10019
Phone
(212) 415-6700
| Name | Title / Status | Ownership | Type |
|---|---|---|---|
| EVANS, HUGH, DAVID Control | MANAGING PARTNER since Dec 2014 | Less than 5% | Individual |
| MUSALLAM, RAMZI, SAMIH Control | CHIEF EXECUTIVE OFFICER & MANAGING PARTNER since Oct 2012 | Less than 5% | Individual |
| POLK, BENJAMIN, MICHAEL Control | PARTNER since Oct 2012 | Less than 5% | Individual |
| VERITAS MANAGER HOLDINGS, L.P. Control | MANAGING MEMBER since Oct 2020 | 75% or more | Domestic Entity |
| ASHIRU, OLADIPO, MAJID | GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER since Aug 2021 | Less than 5% | Individual |
| DONNER, JASON, MARC | CHIEF FINANCIAL OFFICER since Jan 2006 | Less than 5% | Individual |
| MUSALLAM, RAMZI, SAMIH Control Indirect owner via VERITAS CAPITAL GROUP GP, L.L.C. | MANAGING MEMBER since Oct 2020 | 50–75% | Individual |
| MUSALLAM, RAMZI, SAMIH Control Indirect owner via VERITAS CAPITAL SP MANAGER HOLDINGS, L.P. | LIMITED PARTNER since Oct 2020 | 50–75% | Individual |
| VERITAS CAPITAL GROUP GP, L.L.C. Control Indirect owner via VERITAS MANAGER HOLDINGS, L.P. | GENERAL PARTNER since Oct 2020 | General partner, trustee or manager | Domestic Entity |
| VERITAS CAPITAL SP MANAGER HOLDINGS, L.P. Control Indirect owner via VERITAS MANAGER HOLDINGS, L.P. | LIMITED PARTNER since Oct 2020 | 75% or more | Domestic Entity |
Ownership & leadership changes · 9 filings with changes since Feb 13, 2012
From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.
Mar 31, 2025 filing
- No longer listedMUSALLAM, RAMZI, SAMIH · LIMITED PARTNER · 50–75% · indirect via VERITAS MANAGER FEEDER, L.P. · control person · listed since Oct 2020
- No longer listedVERITAS MANAGER FEEDER, L.P. · LIMITED PARTNER · 75% or more · indirect via VERITAS MANAGER HOLDINGS, L.P. · control person · listed since Oct 2020
- AddedMUSALLAM, RAMZI, SAMIH · LIMITED PARTNER · 50–75% · indirect via VERITAS CAPITAL SP MANAGER HOLDINGS, L.P. · control person
- AddedVERITAS CAPITAL SP MANAGER HOLDINGS, L.P. · LIMITED PARTNER · 75% or more · indirect via VERITAS MANAGER HOLDINGS, L.P. · control person
- ChangedMUSALLAM, RAMZI, SAMIH · indirect via VERITAS CAPITAL GROUP GP, L.L.C.: title MEMBER → MANAGING MEMBER
- ChangedVERITAS MANAGER HOLDINGS, L.P. · title MEMBER → MANAGING MEMBER
Aug 12, 2021 filing
- No longer listedMITTWEG, CHRISTIAN, HEINRICH · CHIEF LEGAL OFFICER & CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Sep 2010
- AddedASHIRU, OLADIPO, MAJID · GENERAL COUNSEL & CHIEF COMPLIANCE OFFICER · Less than 5%
Oct 25, 2020 filing
- AddedMUSALLAM, RAMZI, SAMIH · MEMBER · 50–75% · indirect via VERITAS CAPITAL GROUP GP, L.L.C. · control person
- AddedMUSALLAM, RAMZI, SAMIH · LIMITED PARTNER · 50–75% · indirect via VERITAS MANAGER FEEDER, L.P. · control person
- AddedVERITAS CAPITAL GROUP GP, L.L.C. · GENERAL PARTNER · General partner, trustee or manager · indirect via VERITAS MANAGER HOLDINGS, L.P. · control person
- AddedVERITAS MANAGER FEEDER, L.P. · LIMITED PARTNER · 75% or more · indirect via VERITAS MANAGER HOLDINGS, L.P. · control person
- AddedVERITAS MANAGER HOLDINGS, L.P. · MEMBER · 75% or more · control person
- ChangedEVANS, HUGH, DAVID · ownership 25–50% → Less than 5%
- ChangedMUSALLAM, RAMZI, SAMIH · ownership 50–75% → Less than 5%
- ChangedPOLK, BENJAMIN, MICHAEL · ownership 5–10% → Less than 5%
Mar 28, 2018 filing
- No longer listedGORCZYNSKI, BRIAN, JAMES · CLASS A MEMBER, VERITAS CAPITAL PARTNERS V, L.L.C. · 5–10% · listed since Feb 2015
- No longer listedTHE ESTATE OF ROBERT B. MCKEON, MATTHEW MCKEON, EXECUTOR · CLASS A MEMBER, VERITAS CAPITAL PARTNERS III, L.L.C. / CLASS A MEMBER, VERITAS CAPITAL PARTNERS IV, L.L.C. · 25–50% · listed since Apr 2013
- No longer listedVERITAS CAPITAL PARTNERS IV, L.L.C. · MANAGER, PGSI MANAGER LLC · 75% or more · control person · listed since May 2012
- ChangedEVANS, HUGH, DAVID · title MANAGING PARTNER / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS III, L.L.C. / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS IV, L.L.C. / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS V, L.L.C. → MANAGING PARTNER
- ChangedMUSALLAM, RAMZI, SAMIH · title CHIEF EXECUTIVE OFFICER & MANAGING PARTNER / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS III, L.L.C. / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS IV, L.L.C. / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS V, L.L.C. / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS VI, L.L.C. → CHIEF EXECUTIVE OFFICER & MANAGING PARTNER; ownership 75% or more → 50–75%
- ChangedPOLK, BENJAMIN, MICHAEL · title MANAGING MEMBER, VERITAS CAPITAL PARTNERS III, L.L.C. / MANAGING MEMBER, VERITAS CAPITAL PARTNERS IV, L.L.C. / MANAGING MEMBER, VERITAS CAPITAL PARTNERS V, L.L.C. / PARTNER → PARTNER
Mar 31, 2017 filing
- ChangedMUSALLAM, RAMZI, SAMIH · title MANAGING PARTNER / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS III, L.L.C. / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS IV, L.L.C. / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS V, L.L.C. → CHIEF EXECUTIVE OFFICER & MANAGING PARTNER / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS III, L.L.C. / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS IV, L.L.C. / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS V, L.L.C. / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS VI, L.L.C.; ownership 50–75% → 75% or more
Mar 31, 2015 filing
- AddedGORCZYNSKI, BRIAN, JAMES · CLASS A MEMBER, VERITAS CAPITAL PARTNERS V, L.L.C. · 5–10%
- ChangedEVANS, HUGH, DAVID · title MANAGING MEMBER, VERITAS CAPITAL PARTNERS III, L.L.C. / MANAGING MEMBER, VERITAS CAPITAL PARTNERS IV, L.L.C. / PARTNER → MANAGING PARTNER / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS III, L.L.C. / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS IV, L.L.C. / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS V, L.L.C.
- ChangedMUSALLAM, RAMZI, SAMIH · title MANAGING PARTNER / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS III, L.L.C. / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS IV, L.L.C. → MANAGING PARTNER / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS III, L.L.C. / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS IV, L.L.C. / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS V, L.L.C.
- ChangedPOLK, BENJAMIN, MICHAEL · title MANAGING MEMBER, VERITAS CAPITAL PARTNERS III, L.L.C. / MANAGING MEMBER, VERITAS CAPITAL PARTNERS IV, L.L.C. / PARTNER → MANAGING MEMBER, VERITAS CAPITAL PARTNERS III, L.L.C. / MANAGING MEMBER, VERITAS CAPITAL PARTNERS IV, L.L.C. / MANAGING MEMBER, VERITAS CAPITAL PARTNERS V, L.L.C. / PARTNER
Mar 31, 2014 filing
- No longer listedCURTIS, JOHN, MCNAMARA · OPERATING EXECUTIVE · Less than 5% · listed since Feb 2012
- AddedTHE ESTATE OF ROBERT B. MCKEON, MATTHEW MCKEON, EXECUTOR · CLASS A MEMBER, VERITAS CAPITAL PARTNERS III, L.L.C. / CLASS A MEMBER, VERITAS CAPITAL PARTNERS IV, L.L.C. · 25–50%
- AddedVERITAS CAPITAL PARTNERS IV, L.L.C. · MANAGER, PGSI MANAGER LLC · 75% or more · control person
- ChangedEVANS, HUGH, DAVID · title PARTNER → MANAGING MEMBER, VERITAS CAPITAL PARTNERS III, L.L.C. / MANAGING MEMBER, VERITAS CAPITAL PARTNERS IV, L.L.C. / PARTNER
- ChangedMUSALLAM, RAMZI, SAMIH · title MANAGING PARTNER → MANAGING PARTNER / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS III, L.L.C. / MANAGING PARTNER AND MANAGING MEMBER, VERITAS CAPITAL PARTNERS IV, L.L.C.
- ChangedPOLK, BENJAMIN, MICHAEL · title PARTNER → MANAGING MEMBER, VERITAS CAPITAL PARTNERS III, L.L.C. / MANAGING MEMBER, VERITAS CAPITAL PARTNERS IV, L.L.C. / PARTNER
Mar 28, 2013 filing
- No longer listedESTATE OF ROBERT B. MCKEON, MATTHEW MCKEON, EXECUTOR · OWNER · 75% or more · control person · listed since Sep 2012
- ChangedCURTIS, JOHN, MCNAMARA · title EXECUTIVE OFFICER → OPERATING EXECUTIVE
- ChangedEVANS, HUGH, DAVID · ownership Less than 5% → 25–50%
- ChangedMUSALLAM, RAMZI, SAMIH · ownership Less than 5% → 50–75%
- ChangedPOLK, BENJAMIN, MICHAEL · ownership Less than 5% → 5–10%
Nov 9, 2012 filing
- No longer listedBOUSQUETTE, KEVIN, ARTHUR · EXECUTIVE OFFICER · Less than 5% · listed since Jul 2011
- No longer listedMCKEON, ROBERT, BRIAN · CHAIRMAN AND MANAGING MEMBER · 75% or more · control person · listed since Jun 2005
- AddedESTATE OF ROBERT B. MCKEON, MATTHEW MCKEON, EXECUTOR · OWNER · 75% or more · control person
- ChangedEVANS, HUGH, DAVID · title EXECUTIVE OFFICER → PARTNER; now a control person
- ChangedMUSALLAM, RAMZI, SAMIH · title EXECUTIVE OFFICER → MANAGING PARTNER; now a control person
- ChangedPOLK, BENJAMIN, MICHAEL · title EXECUTIVE OFFICER → PARTNER; now a control person
Feb 13, 2012 filing (earliest on record)
- ListedBOUSQUETTE, KEVIN, ARTHUR · EXECUTIVE OFFICER · Less than 5%
- ListedCURTIS, JOHN, MCNAMARA · EXECUTIVE OFFICER · Less than 5%
- ListedDONNER, JASON, MARC · CHIEF FINANCIAL OFFICER · Less than 5%
- ListedEVANS, HUGH, DAVID · EXECUTIVE OFFICER · Less than 5%
- ListedMCKEON, ROBERT, BRIAN · CHAIRMAN AND MANAGING MEMBER · 75% or more · control person
- ListedMITTWEG, CHRISTIAN, HEINRICH · CHIEF LEGAL OFFICER & CHIEF COMPLIANCE OFFICER · Less than 5%
- ListedMUSALLAM, RAMZI, SAMIH · EXECUTIVE OFFICER · Less than 5%
- ListedPOLK, BENJAMIN, MICHAEL · EXECUTIVE OFFICER · Less than 5%
Quarter-over-quarter changes
Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.
Top Adds (vs prior quarter)
- HYATT HOTELS CORP$65.0M +33.8%
- TRANSDIGM GROUP INC$28.5M +18.4%
- THERMO FISHER SCIENTIFIC INC$26.8M +6.4%
- TAIWAN SEMICONDUCTOR MANUFAC$358.4K +24.4%
Top Trims
- SALESFORCE INC-$412.6M -98.1%
- BECTON DICKINSON & CO-$107.2M -33.7%
- INTERCONTINENTAL EXCHANGE IN-$93.5M -27.7%
- UNITEDHEALTH GROUP INC-$61.1M -12.0%
- MICROSOFT CORP-$58.6M -12.2%
New Positions
- S&P GLOBAL INC$338.3M
- VULCAN MATLS CO$306.6M
- STRYKER CORPORATION$168.1M
- OTIS WORLDWIDE CORP$7.6M
Exited Positions
- CHARTER COMMUNICATIONS INC$240.3M
- ZOETIS INC$148.1M
- MSC INDL DIRECT INC$7.0M
- PDD HOLDINGS INC$1.0M
Veritas Asset Management LLP Holdings (2026-06-30)
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | AMAZON COM INC | AMZN | 023135106 | $543.4M | 9.78% | 2,280,144 | SH |
| 2 | MASTERCARD INCORPORATED | MA | 57636Q104 | $511.2M | 9.20% | 995,345 | SH |
| 3 | CANADIAN PACIFIC KANSAS CITY | CP | 13646K108 | $496.3M | 8.93% | 5,727,867 | SH |
| 4 | AON PLC | AON | G0403H108 | $467.1M | 8.40% | 1,408,111 | SH |
| 5 | UNITEDHEALTH GROUP INC | UNH | 91324P102 | $448.1M | 8.06% | 1,078,201 | SH |
| 6 | THERMO FISHER SCIENTIFIC INC | TMO | 883556102 | $442.6M | 7.96% | 882,873 | SH |
| 7 | MICROSOFT CORP | MSFT | 594918104 | $422.1M | 7.59% | 1,131,674 | SH |
| 8 | S&P GLOBAL INC | SPGI | 78409V104 | $338.3M | 6.08% | 830,609 | SH |
| 9 | WATERS CORP | WAT | 941848103 | $319.4M | 5.75% | 851,624 | SH |
| 10 | VULCAN MATLS CO | VMC | 929160109 | $306.6M | 5.52% | 1,039,426 | SH |
| 11 | HYATT HOTELS CORP | H | 448579102 | $257.1M | 4.62% | 1,326,362 | SH |
| 12 | INTERCONTINENTAL EXCHANGE IN | ICE | 45866F104 | $244.2M | 4.39% | 1,983,591 | SH |
| 13 | BECTON DICKINSON & CO | BDX | 075887109 | $210.9M | 3.79% | 1,393,329 | SH |
| 14 | TRANSDIGM GROUP INC | TDG | 893641100 | $183.8M | 3.31% | 137,969 | SH |
| 15 | STRYKER CORPORATION | SYK | 863667101 | $168.1M | 3.02% | 533,784 | SH |
| 16 | ELEVANCE HEALTH INC FORMERLY | ELV | 036752103 | $165.8M | 2.98% | 428,672 | SH |
| 17 | PHILIP MORRIS INTL INC | PM | 718172109 | $9.3M | 0.17% | 51,387 | SH |
| 18 | SALESFORCE INC | CRM | 79466L302 | $8.1M | 0.15% | 51,741 | SH |
| 19 | OTIS WORLDWIDE CORP | OTIS | 68902V107 | $7.6M | 0.14% | 105,652 | SH |
| 20 | MEDTRONIC PLC | MDT | G5960L103 | $7.6M | 0.14% | 96,690 | SH |
| 21 | TAIWAN SEMICONDUCTOR MANUFAC | TSM | 874039100 | $1.8M | 0.03% | 3,823 | SH |
Filing History
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-04 | $5.56B | 21 | 0001172661-26-003051 |
| 2026-03-31 | 2026-05-14 | $5.90B | 21 | 0001172661-26-001833 |
| 2025-12-31 | 2026-02-17 | $9.77B | 27 | 0001172661-26-000924 |
| 2025-09-30 | 2025-11-04 | $9.36B | 30 | 0001172661-25-004571 |
Filer Information
Address
1 SMART'S PLACELONDON WC2B 5LW
Phone
442037589930
Filing Manager
Veritas Asset Management LLP
London, X0
Signatory
Nicola Smith
Partner