Veritas Investment Partners (UK) Ltd. Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
HON	HONEYWELL INTL INC	3,900	$761	0.0%	$195.03	0.0%	COM	438516106
EW	EDWARDS LIFESCIENCES CORP	3,362	$287	0.0%	$82.07	0.0%	COM	28176E108
PWR	QUANTA SVCS INC	675	$285	0.0%	$439.27	0.0%	COM	74762E102
WSO	WATSCO INC	472	$159	0.0%	$357.07	0.0%	COM	942622200
MTD	METTLER TOLEDO INTERNATIONAL	106	$148	0.0%	$1396.48	0.0%	COM	592688105
ECL	ECOLAB INC	554	$146	0.0%	$265.71	0.0%	COM	278865100
IDXX	IDEXX LABS INC	206	$139	0.0%	$681.02	0.0%	COM	45168D104
ADSK	AUTODESK INC	364	$108	0.0%	$302.56	0.0%	COM	052769106

Increased Positions (7)

TSM TAIWAN SEMICONDUCTOR MFG LTD 1.8%

Value ($000) $86,052 (+4174.4%) Shares 283,196 (+3827.8%) Est. Cost $299.10 Unrealized —

MA MASTERCARD INCORPORATED 8.1%

Value ($000) $385,344 (+7.0%) Shares 674,989 (+6.6%) Est. Cost $370.45 Unrealized +50.9%

INTU INTUIT 7.1%

Value ($000) $337,762 (+4.2%) Shares 509,822 (+7.4%) Est. Cost $507.80 Unrealized +30.1%

MRSH MARSH & MCLENNAN COS INC 6.9%

Value ($000) $325,494 (-0.6%) Shares 1,753,917 (+8.0%) Est. Cost $146.57 Unrealized +27.2%

COST COSTCO WHSL CORP NEW 0.0%

Value ($000) $1,767 (+82.0%) Shares 2,049 (+95.3%) Est. Cost $619.88 Unrealized +46.1%

AAPL APPLE INC 0.1%

Value ($000) $2,581 (+7.9%) Shares 9,494 (+1.1%) Est. Cost $133.45 Unrealized +101.1%

ABBV ABBVIE INC 0.0%

Value ($000) $273 (+135.9%) Shares 1,195 (+139.0%) Est. Cost $174.57 Unrealized +30.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TSM	TAIWAN SEMICONDUCTOR MFG LTD	283,196 (+3827.8%)	$86,052 (+4174.4%)	1.8%	$299.10	—	SPONSORED ADS	874039100
MA	MASTERCARD INCORPORATED	674,989 (+6.6%)	$385,344 (+7.0%)	8.1%	$370.45	+50.9%	CL A	57636Q104
INTU	INTUIT	509,822 (+7.4%)	$337,762 (+4.2%)	7.1%	$507.80	+30.1%	COM	461202103
MRSH	MARSH & MCLENNAN COS INC	1,753,917 (+8.0%)	$325,494 (-0.6%)	6.9%	$146.57	+27.2%	COM	571748102
COST	COSTCO WHSL CORP NEW	2,049 (+95.3%)	$1,767 (+82.0%)	0.0%	$619.88	+46.1%	COM	22160K105
AAPL	APPLE INC	9,494 (+1.1%)	$2,581 (+7.9%)	0.1%	$133.45	+101.1%	COM	037833100
ABBV	ABBVIE INC	1,195 (+139.0%)	$273 (+135.9%)	0.0%	$174.57	+30.3%	COM	00287Y109

Decreased Positions (20)

SNPS SYNOPSYS INC 0.0%

Value ($000) $1,558 (-99.4%) Shares 3,316 (-99.3%) Est. Cost $362.80 Unrealized +22.4%

FISV FISERV INC 0.0%

Value ($000) $114 (-99.9%) Shares 1,695 (-99.9%) Est. Cost $112.02 Unrealized -25.1%

MSFT MICROSOFT CORP 6.9%

Value ($000) $327,808 (-18.5%) Shares 677,808 (-12.7%) Est. Cost $252.78 Unrealized +98.0%

LH LABCORP HOLDINGS INC 5.4%

Value ($000) $257,690 (-15.1%) Shares 1,026,894 (-2.9%) Est. Cost $201.29 Unrealized +31.7%

TSCO TRACTOR SUPPLY CO 5.4%

Value ($000) $256,391 (-14.7%) Shares 5,127,111 (-3.0%) Est. Cost $50.89 Unrealized +5.5%

CDNS CADENCE DESIGN SYSTEM INC 5.2%

Value ($000) $245,392 (-14.1%) Shares 784,972 (-3.4%) Est. Cost $281.88 Unrealized +15.8%

TMO THERMO FISHER SCIENTIFIC INC 5.5%

Value ($000) $262,504 (+13.9%) Shares 452,998 (-4.8%) Est. Cost $497.27 Unrealized +13.7%

ADP AUTOMATIC DATA PROCESSING IN 3.9%

Value ($000) $183,044 (-13.8%) Shares 711,536 (-1.7%) Est. Cost $184.31 Unrealized +43.7%

BR BROADRIDGE FINL SOLUTIONS IN 5.1%

Value ($000) $242,219 (-8.3%) Shares 1,085,296 (-2.2%) Est. Cost $151.92 Unrealized +49.6%

ISRG INTUITIVE SURGICAL INC 6.1%

Value ($000) $291,049 (+6.7%) Shares 513,804 (-15.8%) Est. Cost $302.45 Unrealized +76.0%

ACN ACCENTURE PLC IRELAND 5.1%

Value ($000) $240,906 (+4.6%) Shares 897,713 (-3.9%) Est. Cost $278.43 Unrealized -8.8%

AVY AVERY DENNISON CORP 3.0%

Value ($000) $143,195 (+7.5%) Shares 787,099 (-4.2%) Est. Cost $154.81 Unrealized +11.3%

AME AMETEK INC 3.8%

Value ($000) $182,094 (+5.5%) Shares 886,767 (-3.5%) Est. Cost $168.07 Unrealized +15.6%

APH AMPHENOL CORP NEW 4.8%

Value ($000) $225,205 (+3.7%) Shares 1,666,303 (-5.1%) Est. Cost $47.20 Unrealized +182.9%

AMZN AMAZON COM INC 6.9%

Value ($000) $326,909 (+2.0%) Shares 1,416,236 (-3.0%) Est. Cost $156.64 Unrealized +46.1%

GOOGL ALPHABET INC 3.8%

Value ($000) $179,166 (+1.7%) Shares 572,445 (-21.0%) Est. Cost $114.38 Unrealized +149.7%

GOOG ALPHABET INC 2.4%

Value ($000) $115,041 (+1.2%) Shares 366,597 (-21.5%) Est. Cost $107.70 Unrealized +165.9%

UNH UNITEDHEALTH GROUP INC 0.0%

Value ($000) $2,014 (-37.5%) Shares 6,100 (-34.6%) Est. Cost $396.11 Unrealized -14.9%

BRK/B BERKSHIRE HATHAWAY INC DEL 0.2%

Value ($000) $8,603 (-7.3%) Shares 17,110 (-7.3%) Est. Cost $254.48 Unrealized +95.5%

ALGN ALIGN TECHNOLOGY INC 0.0%

Value ($000) $319 (+7.8%) Shares 2,043 (-13.6%) Est. Cost $308.30 Unrealized -53.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SNPS	SYNOPSYS INC	3,316 (-99.3%)	$1,558 (-99.4%)	0.0%	$362.80	+22.4%	COM	871607107
FISV	FISERV INC	1,695 (-99.9%)	$114 (-99.9%)	0.0%	$112.02	-25.1%	COM	337738108
MSFT	MICROSOFT CORP	677,808 (-12.7%)	$327,808 (-18.5%)	6.9%	$252.78	+98.0%	COM	594918104
LH	LABCORP HOLDINGS INC	1,026,894 (-2.9%)	$257,690 (-15.1%)	5.4%	$201.29	+31.7%	COM SHS	504922105
TSCO	TRACTOR SUPPLY CO	5,127,111 (-3.0%)	$256,391 (-14.7%)	5.4%	$50.89	+5.5%	COM	892356106
CDNS	CADENCE DESIGN SYSTEM INC	784,972 (-3.4%)	$245,392 (-14.1%)	5.2%	$281.88	+15.8%	COM	127387108
TMO	THERMO FISHER SCIENTIFIC INC	452,998 (-4.8%)	$262,504 (+13.9%)	5.5%	$497.27	+13.7%	COM	883556102
ADP	AUTOMATIC DATA PROCESSING IN	711,536 (-1.7%)	$183,044 (-13.8%)	3.9%	$184.31	+43.7%	COM	053015103
BR	BROADRIDGE FINL SOLUTIONS IN	1,085,296 (-2.2%)	$242,219 (-8.3%)	5.1%	$151.92	+49.6%	COM	11133T103
ISRG	INTUITIVE SURGICAL INC	513,804 (-15.8%)	$291,049 (+6.7%)	6.1%	$302.45	+76.0%	COM NEW	46120E602
ACN	ACCENTURE PLC IRELAND	897,713 (-3.9%)	$240,906 (+4.6%)	5.1%	$278.43	-8.8%	SHS Class A	G1151C101
AVY	AVERY DENNISON CORP	787,099 (-4.2%)	$143,195 (+7.5%)	3.0%	$154.81	+11.3%	COM	053611109
AME	AMETEK INC	886,767 (-3.5%)	$182,094 (+5.5%)	3.8%	$168.07	+15.6%	COM	031100100
APH	AMPHENOL CORP NEW	1,666,303 (-5.1%)	$225,205 (+3.7%)	4.8%	$47.20	+182.9%	CL A	032095101
AMZN	AMAZON COM INC	1,416,236 (-3.0%)	$326,909 (+2.0%)	6.9%	$156.64	+46.1%	COM	023135106
GOOGL	ALPHABET INC	572,445 (-21.0%)	$179,166 (+1.7%)	3.8%	$114.38	+149.7%	CAP STK CL A	02079K305
GOOG	ALPHABET INC	366,597 (-21.5%)	$115,041 (+1.2%)	2.4%	$107.70	+165.9%	CAP STK CL C	02079K107
UNH	UNITEDHEALTH GROUP INC	6,100 (-34.6%)	$2,014 (-37.5%)	0.0%	$396.11	-14.9%	COM	91324P102
BRK/B	BERKSHIRE HATHAWAY INC DEL	17,110 (-7.3%)	$8,603 (-7.3%)	0.2%	$254.48	+95.5%	CL B NEW	084670702
ALGN	ALIGN TECHNOLOGY INC	2,043 (-13.6%)	$319 (+7.8%)	0.0%	$308.30	-53.5%	COM	016255101

Unchanged Positions (25)

VRSK VERISK ANALYTICS INC 2.1%

Value ($000) $98,576 Shares 440,605 Est. Cost $273.52 Unrealized -17.6%

XYL XYLEM INC 0.0%

Value ($000) $821 Shares 6,030 Est. Cost $88.59 Unrealized +62.1%

JNJ JOHNSON & JOHNSON 0.0%

Value ($000) $517 Shares 2,500 Est. Cost $127.53 Unrealized +54.5%

DG DOLLAR GEN CORP NEW 0.0%

Value ($000) $206 Shares 1,550 Est. Cost $198.05 Unrealized -43.7%

AXP AMERICAN EXPRESS CO 0.0%

Value ($000) $370 Shares 1,000 Est. Cost $116.83 Unrealized +205.5%

AMD ADVANCED MICRO DEVICES INC 0.0%

Value ($000) $139 Shares 650 Est. Cost $117.86 Unrealized +90.6%

META META PLATFORMS INC 0.0%

Value ($000) $256 Shares 388 Est. Cost $289.79 Unrealized +130.3%

WPM WHEATON PRECIOUS METALS CORP 0.0%

Value ($000) $470 Shares 4,000 Est. Cost $37.49 Unrealized +185.6%

WEC WEC ENERGY GROUP INC 0.0%

Value ($000) $251 Shares 2,380 Est. Cost $82.07 Unrealized +34.3%

SPGI S&P GLOBAL INC 0.0%

Value ($000) $282 Shares 540 Est. Cost $364.87 Unrealized +35.4%

PANW PALO ALTO NETWORKS INC 0.0%

Value ($000) $177 Shares 960 Est. Cost $174.97 Unrealized +15.3%

XOM EXXON MOBIL CORP 0.0%

Value ($000) $229 Shares 1,900 Est. Cost $30.36 Unrealized +280.4%

LIN LINDE PLC 0.0%

Value ($000) $84 Shares 197 Est. Cost $447.95 Unrealized -4.6%

KO COCA COLA CO 0.0%

Value ($000) $151 Shares 2,162 Est. Cost $65.65 Unrealized +5.7%

SYK STRYKER CORPORATION 0.0%

Value ($000) $123 Shares 350 Est. Cost $366.32 Unrealized -0.8%

ABT ABBOTT LABS 0.0%

Value ($000) $82 Shares 655 Est. Cost $99.26 Unrealized +28.2%

WFC WELLS FARGO CO NEW 0.0%

Value ($000) $33 Shares 350 Est. Cost $48.49 Unrealized +78.7%

CB CHUBB LIMITED 0.0%

Value ($000) $34 Shares 108 Est. Cost $192.91 Unrealized +51.6%

DE DEERE & CO 0.0%

Value ($000) $151 Shares 325 Est. Cost $376.81 Unrealized +24.1%

MCD MCDONALDS CORP 0.0%

Value ($000) $443 Shares 1,450 Est. Cost $193.22 Unrealized +57.9%

V VISA INC 0.0%

Value ($000) $88 Shares 250 Est. Cost $298.33 Unrealized +14.1%

VZ VERIZON COMMUNICATIONS INC 0.0%

Value ($000) $28 Shares 690 Est. Cost $43.98 Unrealized -8.0%

JPM JPMORGAN CHASE & CO 0.0%

Value ($000) $90 Shares 280 Est. Cost $192.12 Unrealized +61.1%

MSCI MSCI INC 0.0%

Value ($000) $141 Shares 245 Est. Cost $460.95 Unrealized +21.5%

ADBE ADOBE SYSTEMS INCORPORATED 0.0%

Value ($000) $100 Shares 286 Est. Cost $376.57 Unrealized -9.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VRSK	VERISK ANALYTICS INC	440,605	$98,576	2.1%	$273.52	-17.6%	COM	92345Y106
XYL	XYLEM INC	6,030	$821	0.0%	$88.59	+62.1%	COM	98419M100
JNJ	JOHNSON & JOHNSON	2,500	$517	0.0%	$127.53	+54.5%	COM	478160104
DG	DOLLAR GEN CORP NEW	1,550	$206	0.0%	$198.05	-43.7%	COM	256677105
AXP	AMERICAN EXPRESS CO	1,000	$370	0.0%	$116.83	+205.5%	COM	025816109
AMD	ADVANCED MICRO DEVICES INC	650	$139	0.0%	$117.86	+90.6%	COM	007903107
META	META PLATFORMS INC	388	$256	0.0%	$289.79	+130.3%	CL A	30303M102
WPM	WHEATON PRECIOUS METALS CORP	4,000	$470	0.0%	$37.49	+185.6%	COM	962879102
WEC	WEC ENERGY GROUP INC	2,380	$251	0.0%	$82.07	+34.3%	COM	92939U106
SPGI	S&P GLOBAL INC	540	$282	0.0%	$364.87	+35.4%	COM	78409V104
PANW	PALO ALTO NETWORKS INC	960	$177	0.0%	$174.97	+15.3%	COM	697435105
XOM	EXXON MOBIL CORP	1,900	$229	0.0%	$30.36	+280.4%	COM	30231G102
LIN	LINDE PLC	197	$84	0.0%	$447.95	-4.6%	SHS	G54950103
KO	COCA COLA CO	2,162	$151	0.0%	$65.65	+5.7%	COM	191216100
SYK	STRYKER CORPORATION	350	$123	0.0%	$366.32	-0.8%	COM	863667101
ABT	ABBOTT LABS	655	$82	0.0%	$99.26	+28.2%	COM	002824100
WFC	WELLS FARGO CO NEW	350	$33	0.0%	$48.49	+78.7%	COM	949746101
CB	CHUBB LIMITED	108	$34	0.0%	$192.91	+51.6%	COM	H1467J104
DE	DEERE & CO	325	$151	0.0%	$376.81	+24.1%	COM	244199105
MCD	MCDONALDS CORP	1,450	$443	0.0%	$193.22	+57.9%	COM	580135101
V	VISA INC	250	$88	0.0%	$298.33	+14.1%	COM CL A	92826C839
VZ	VERIZON COMMUNICATIONS INC	690	$28	0.0%	$43.98	-8.0%	COM	92343V104
JPM	JPMORGAN CHASE & CO	280	$90	0.0%	$192.12	+61.1%	COM	46625H100
MSCI	MSCI INC	245	$141	0.0%	$460.95	+21.5%	COM	55354G100
ADBE	ADOBE SYSTEMS INCORPORATED	286	$100	0.0%	$376.57	-9.7%	COM	00724F101