SecurityVEEV / Veeva Systems Inc.
Institution1832 Asset Management L.P.
Shares32,700
Value $ 2,513,000

1832 Asset Management L.P. reports 22.33% decrease in ownership of VEEV / Veeva Systems Inc.

August 14, 2018 - 1832 Asset Management L.P. has filed a 13F-HR form disclosing ownership of 32,700 shares of Veeva Systems Inc. (NYSE:VEEV) with total holdings valued at $2,513,000 USD as of June 30, 2018. 1832 Asset Management L.P. had filed a previous 13F-HR on May 15, 2018 disclosing 42,100 shares of Veeva Systems Inc. at a value of $3,089,000 USD. This represents a change in shares of -22.33 percent and a change in value of -18.65 percent during the quarter.

Other investors with positions similar to 1832 Asset Management L.P. include Catalyst Capital Advisors LLC, Moody Lynn & Lieberson, Inc., Gulf International Bank (UK) Ltd, Exchange Capital Management, Inc., Oxford Asset Management, and Twin Capital Management Inc.

Veeva Systems Inc. has declared a standard industrial code (sic) of 7372 which is the "Prepackaged Software" industry. 1832 Asset Management L.P.'s top industries are "Construction Special Trade Contractors" (sic 17), "Primary Metal Industries" (sic 33), and "Home Furniture, Furnishings, And Equipment Stores" (sic 57).

13F Filings

The Security, Class, and CUSIP columns in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names and cusips.

In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Effective
Date
Form Security Class CUSIP Share
Price
Shares Change
(%)
Value
(x1000)
Change
(%)
Cost
(x1000)
Profit
(x1000)
Return
(%)
2018-06-30 13F-HR VEEVA SYS CL A COM 922475108 75.11 32,700 -22.33 2,513 -18.65 -706 130 4.21
2018-03-31 13F-HR VEEVA SYS CL A COM 922475108 42,100 3,089 3,089 0
2017-12-31 13F-HR VEEVA SYS CL A COM 922475108 0 -100.00 0 -100.00 0 0
2017-09-30 13F-HR VEEVA SYS CL A COM 922475108 57.37 21,300 -98.51 1,165 -98.64 -80,553 -3,875 -4.53
2017-06-30 13F-HR VEEVA SYS CL A COM 922475108 55.12 1,425,300 -1.45 85,593 17.93 -1,157 14,168 19.52
2017-03-31 13F-HR VEEVA SYS CL A COM 922475108 44.75 1,446,300 -4.54 72,582 21.88 -3,078 16,108 27.05
2016-12-31 13F-HR/A-1 VEEVA SYS CL A COM 922475108 39.63 1,515,100 0.00 59,552 -1.64 0 -994 -1.64
2016-12-31 13F-HR VEEVA SYS CL A COM 922475108 1,515,100 59,153
2016-09-30 13F-HR VEEVA SYS CL A COM 922475108 36.80 1,515,100 19.59 60,546 42.08 9,134 8,797 20.64
2016-06-30 13F-HR/A-1 VEEVA SYS CL A COM 922475108 37.80 1,266,900 724.27 42,615 560.60 42,084 -5,920 -91.76
2016-06-30 13F-HR VEEVA SYS CL A COM 922475108 1,266,900 70,374
2016-03-31 13F-HR VEEVA SYS CL A COM 922475108 35.51 153,700 6.15 6,451 53.41 316 1,930 45.90
2015-12-31 13F-HR VEEVA SYS CL A COM 922475108 144,800 0.00 4,205 4,205 0
2015-03-31 13F-HR VEEVA SYS CL A COM 922475108 0 -100.00 0 -100.00 0 0
2014-12-31 13F-HR VEEVA SYS CL A COM 922475108 716,532 18,612


CUSIP: 922475108