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 +62.9% versus +184.8%for the S&P 500 (+8.0% 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: +$264,278,888
Return % Since Report: +4.75%
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 | $92.13 | $7,564,059 | $8,908,050 | +$1,343,991 | +17.77% |
| Vulcan Materials Company (VMC) | Equity | +100% | 1,039,426 | 5.52% | $295.01 | $240.83 | $306,641,064 | $250,324,964 | -$56,316,100 | -18.37% |
| Becton Dickinson And Company (BDX) | Equity | -31.12% | 1,393,329 | 3.79% | $151.33 | $180.94 | $210,852,478 | $252,108,949 | +$41,256,471 | +19.57% |
| Elevance Health Inc. (ELV) | Equity | -32.53% | 428,672 | 2.98% | $386.73 | $410.95 | $165,780,323 | $176,162,758 | +$10,382,435 | +6.26% |
| Intercontinental Exchange Inc. (ICE) | Equity | -7.61% | 1,983,591 | 4.39% | $123.11 | $155.47 | $244,199,888 | $308,388,893 | +$64,189,005 | +26.29% |
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | Equity | -11.95% | 3,823 | 0.03% | $477.57 | $434.67 | $1,825,750 | $1,661,743 | -$164,007 | -8.98% |
| Transdigm Group Inc. (TDG) | Equity | +2.98% | 137,969 | 3.31% | $1,332.04 | $1,086.05 | $183,780,227 | $149,841,232 | -$33,938,995 | -18.47% |
| Aon PLC (AON) | Equity | -7.38% | 1,408,111 | 8.40% | $331.69 | $295.64 | $467,056,338 | $416,293,936 | -$50,762,402 | -10.87% |
| Canadian Pacific Kansas City Limited (CP) | Equity | -16.43% | 5,727,867 | 8.93% | $86.65 | $87.48 | $496,319,676 | $501,073,805 | +$4,754,129 | +0.96% |
| Hyatt Hotels Corp. (H) | Equity | -0.74% | 1,326,362 | 4.62% | $193.84 | $155.04 | $257,102,010 | $205,639,164 | -$51,462,846 | -20.02% |
| Thermo Fisher Scientific Inc. (TMO) | Equity | +4.36% | 882,873 | 7.96% | $501.36 | $651.45 | $442,637,207 | $575,147,616 | +$132,510,409 | +29.94% |
| Amazon.com Inc. (AMZN) | Equity | -12.95% | 2,280,144 | 9.78% | $238.34 | $253.71 | $543,449,521 | $578,495,334 | +$35,045,813 | +6.45% |
| Microsoft Corp. (MSFT) | Equity | -12.86% | 1,131,674 | 7.59% | $373.02 | $493.78 | $422,137,035 | $558,797,988 | +$136,660,953 | +32.37% |
| Philip Morris International Inc. (PM) | Equity | -23.34% | 51,387 | 0.17% | $180.91 | $188.62 | $9,296,422 | $9,692,616 | +$396,194 | +4.26% |
| Salesforce Inc. (CRM) | Equity | -97.70% | 51,741 | 0.15% | $156.66 | $237.92 | $8,105,745 | $12,310,219 | +$4,204,474 | +51.87% |
| Waters Corp. (WAT) | Equity | -29.08% | 851,624 | 5.75% | $375.04 | $421.63 | $319,393,065 | $359,070,227 | +$39,677,162 | +12.42% |
| Mastercard Inc. (MA) | Equity | -6.39% | 995,345 | 9.20% | $513.60 | $565.24 | $511,209,192 | $562,608,808 | +$51,399,616 | +10.05% |
| UnitedHealth Group Inc. (UNH) | Equity | -42.71% | 1,078,201 | 8.06% | $415.63 | $376.90 | $448,132,682 | $406,373,957 | -$41,758,725 | -9.32% |
| Otis Worldwide Corp. (OTIS) | Equity | +100% | 105,652 | 0.14% | $71.60 | $68.52 | $7,564,683 | $7,239,275 | -$325,408 | -4.30% |
| S&P Global Inc. (SPGI) | Equity | +100% | 830,609 | 6.08% | $407.26 | $405.32 | $338,273,821 | $336,662,440 | -$1,611,381 | -0.48% |
| Stryker Corp. (SYK) | Equity | +100% | 533,784 | 3.02% | $314.84 | $275.12 | $168,056,555 | $146,854,654 | -$21,201,901 | -12.62% |