Veritas Asset Management (Charles Richardson & Andy Headley) latest 13F portfolio: 21 holdings worth $5.6B as of Q2 2026.
Backtested since 2020: mirroring Veritas Asset Management's reported 13F equity holdings each quarter would have returned +69.9% versus +188.4%for the S&P 500 (+8.9% annualized). See the Performance tab for the full equity curve.
Investor: Charles Richardson & Andy Headley
Number of Assets: 21
Reporting Period: Q2 - 2026
Holdings at Report: $5,559,377,741
Return $ Since Report: +$503,565,516
Return % Since Report: +9.06%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Medtronic PLC (MDT) | Equity | -40.57% | 96,690 | 0.14% | $78.23 | $87.16 | $7,564,059 | $8,427,500 | +$863,441 | +11.42% |
| Vulcan Materials Company (VMC) | Equity | +100% | 1,039,426 | 5.52% | $295.01 | $284.69 | $306,641,064 | $295,914,188 | -$10,726,876 | -3.50% |
| Becton Dickinson And Company (BDX) | Equity | -31.12% | 1,393,329 | 3.79% | $151.33 | $176.86 | $210,852,478 | $246,424,167 | +$35,571,689 | +16.87% |
| Elevance Health Inc. (ELV) | Equity | -32.53% | 428,672 | 2.98% | $386.73 | $394.20 | $165,780,323 | $168,982,502 | +$3,202,179 | +1.93% |
| Intercontinental Exchange Inc. (ICE) | Equity | -7.61% | 1,983,591 | 4.39% | $123.11 | $150.30 | $244,199,888 | $298,133,727 | +$53,933,839 | +22.09% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | -11.95% | 3,823 | 0.03% | $477.57 | $420.04 | $1,825,750 | $1,605,813 | -$219,937 | -12.05% |
| Transdigm Group Inc. (TDG) | Equity | +2.98% | 137,969 | 3.31% | $1,332.04 | $1,225.25 | $183,780,227 | $169,046,517 | -$14,733,710 | -8.02% |
| Aon PLC (AON) | Equity | -7.38% | 1,408,111 | 8.40% | $331.69 | $358.30 | $467,056,338 | $504,526,171 | +$37,469,833 | +8.02% |
| Canadian Pacific Kansas City Limited (CP) | Equity | -16.43% | 5,727,867 | 8.93% | $86.65 | $91.62 | $496,319,676 | $524,787,175 | +$28,467,499 | +5.74% |
| Hyatt Hotels Corp. (H) | Equity | -0.74% | 1,326,362 | 4.62% | $193.84 | $177.71 | $257,102,010 | $235,707,791 | -$21,394,219 | -8.32% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | +4.36% | 882,873 | 7.96% | $501.36 | $594.00 | $442,637,207 | $524,426,562 | +$81,789,355 | +18.48% |
| Amazon.com Inc. (AMZN) | Equity | -12.95% | 2,280,144 | 9.78% | $238.34 | $274.48 | $543,449,521 | $625,853,925 | +$82,404,404 | +15.16% |
| Microsoft Corp. (MSFT) | Equity | -12.86% | 1,131,674 | 7.59% | $373.02 | $499.99 | $422,137,035 | $565,825,683 | +$143,688,648 | +34.04% |
| Philip Morris International Inc. (PM) | Equity | -23.34% | 51,387 | 0.17% | $180.91 | $189.57 | $9,296,422 | $9,741,434 | +$445,012 | +4.79% |
| Salesforce Inc. (CRM) | Equity | -97.70% | 51,741 | 0.15% | $156.66 | $192.74 | $8,105,745 | $9,972,560 | +$1,866,815 | +23.03% |
| Waters Corp. (WAT) | Equity | -29.08% | 851,624 | 5.75% | $375.04 | $406.86 | $319,393,065 | $346,491,741 | +$27,098,676 | +8.48% |
| Mastercard Inc. (MA) | Equity | -6.39% | 995,345 | 9.20% | $513.60 | $562.95 | $511,209,192 | $560,329,468 | +$49,120,276 | +9.61% |
| UnitedHealth Group Inc. (UNH) | Equity | -42.71% | 1,078,201 | 8.06% | $415.63 | $407.08 | $448,132,682 | $438,914,063 | -$9,218,619 | -2.06% |
| Otis Worldwide Corp. (OTIS) | Equity | +100% | 105,652 | 0.14% | $71.60 | $73.99 | $7,564,683 | $7,817,191 | +$252,508 | +3.34% |
| S&P Global Inc. (SPGI) | Equity | +100% | 830,609 | 6.08% | $407.26 | $408.19 | $338,273,821 | $339,046,288 | +$772,467 | +0.23% |
| Stryker Corp. (SYK) | Equity | +100% | 533,784 | 3.02% | $314.84 | $339.03 | $168,056,555 | $180,968,790 | +$12,912,235 | +7.68% |