Sandy Spring Bank reports 9.37% decrease in ownership of VEEV / Veeva Systems Inc.

비바시스템즈(주)

US ˙ NYSE ˙ US9224751084

Security	VEEV / Veeva Systems Inc.
Institution	Sandy Spring Bank
Latest Disclosed Ownership	6,579 shares
Latest Disclosed Value	$ 1,523,894

On May 12, 2025 - Sandy Spring Bank filed a 13F-HR form disclosing ownership of 6,579 shares of Veeva Systems Inc. (US:VEEV) valued at $1,523,894 USD as of March 31, 2025. The entity filed a previous 13F-HR on February 11, 2025 disclosing 7,259 shares of Veeva Systems Inc.. This represents a change in shares of -9.37% during the quarter. The current value of the position is $1,135,601 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class 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. 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.

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Disclosed Equity Positions (from 13F/NPORT Filings)

File Date	Effective Date	Form	Security	Class	ID	Reported Shares	ΔShares	ΔShares (%)	Reported Value (x1000)	ΔValue (%)	Alloc (%)
2025-05-12	2025-03-31	13F	VEEVA SYS	CL A COM	922475108	6,579	-680	-9.37	1,524	-0.20	0.0432
2025-02-11	2024-12-31	13F	VEEVA SYS	CL A COM	922475108	7,259	-690	-8.68	1,526	-8.51	0.0618
2024-10-25	2024-09-30	13F	VEEVA SYS	CL A COM	922475108	7,949	-1,286	-13.93	1,668	-1.30	0.0687
2024-08-06	2024-06-30	13F	VEEVA SYS	CL A COM	922475108	9,235	-1,834	-16.57	1,690	-34.09	0.0745
2024-05-08	2024-03-31	13F	VEEVA SYS	CL A COM	922475108	11,069	-564	-4.85	2,565	14.52	0.1168
2024-01-26	2023-12-31	13F	VEEVA SYS	CL A COM	922475108	11,633	-2,189	-15.84	2,240	-20.38	0.1115
2023-10-30	2023-09-30	13F	VEEVA SYS	CL A COM	922475108	13,822	-821	-5.61	2,812	-2.87	0.1564
2023-08-04	2023-06-30	13F	VEEVA SYS	CL A COM	922475108	14,643	-831	-5.37	2,895	1.83	0.1543
2023-05-05	2023-03-31	13F	VEEVA SYS	CL A COM	922475108	15,474	-997	-6.05	2,844	6.96	0.1615
2023-02-10	2022-12-31	13F	VEEVA SYS	CL A COM	922475108	16,471	-1,382	-7.74	2,658	-9.71	0.1580
2022-11-02	2022-09-30	13F	VEEVA SYS	CL A COM	922475108	17,853	49	0.28	2,944	-16.51	0.1868
2022-07-21	2022-06-30	13F	VEEVA SYS	CL A COM	922475108	17,804	-1,871	-9.51	3,526	-15.65	0.2118
2022-05-03	2022-03-31	13F	VEEVA SYS	CL A COM	922475108	19,675	-86	-0.44	4,180	-17.21	0.2124
2022-02-11	2021-12-31	13F	VEEVA SYS	CL A COM	922475108	19,761	527	2.74	5,049	-8.91	0.2409
2021-11-05	2021-09-30	13F	VEEVA SYS	CL A COM	922475108	19,234	264	1.39	5,543	-6.03	0.2935
2021-08-09	2021-06-30	13F	VEEVA SYS	CL A COM	922475108	18,970	1,020	5.68	5,899	25.81	0.3127
2021-05-03	2021-03-31	13F	VEEVA SYS	CL A COM	922475108	17,950	472	2.70	4,689	-1.45	0.2702
2021-02-03	2020-12-31	13F	VEEVA SYS	CL A COM	922475108	17,478	581	3.44	4,758	0.15	0.2893
2020-11-09	2020-09-30	13F	VEEVA SYS	CL A COM	922475108	16,897	614	3.77	4,751	24.47	0.3243
2020-08-12	2020-06-30	13F	VEEVA SYS	CL A COM	922475108	16,283	291	1.82	3,817	52.62	0.2835
2020-05-01	2020-03-31	13F	VEEVA SYS	CL A COM	922475108	15,992	1,362	9.31	2,501	21.53	0.2264
2020-02-06	2019-12-31	13F	VEEVA SYSTEMS	CL A COM	922475108	14,630	2,015	15.97	2,058	6.85	0.1496
2019-11-01	2019-09-30	13F	VEEVA SYS	CL A COM	922475108	12,615	750	6.32	1,926	0.16	0.1504
2019-08-01	2019-06-30	13F	VEEVA SYS	CL A COM	922475108	11,865	-529	-4.27	1,923	22.33	0.1547
2019-05-06	2019-03-31	13F	VEEVA SYSTEMS	CL A COM	922475108	12,394	1,029	9.05	1,572	54.88	0.1334
2019-02-08	2018-12-31	13F	VEEVA SYS	CL A COM	922475108	11,365	4,140	57.30	1,015	28.97	0.0973
2018-11-07	2018-09-30	13F	VEEVA SYS	CL A COM	922475108	7,225	3,135	76.65	787	150.64	0.0645
2018-08-03	2018-06-30	13F	VEEVA SYS	CL A COM	922475108	4,090	4,090		314		0.0273

Legend

Shares: The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value: The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price: The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class: This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred

Allocation (%): The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation: The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%): The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis: The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss: This is the market value of the position as of the effective date minus the cost basis.