CIK: 0001792430
Total reported value
$122.1M
Reporting period: 2026-03-31 · Number of holdings: 54
Karani Asset Management LLC disclosed 54 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $122.1M and a quarterly turnover rate of 43.1%.
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Karani Asset Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.044 — mathematically equivalent to about 23 equally-sized positions, well below its 54 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 1.17), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.6 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Add AAPL
+55.6% $3.3M
Trim ASML
-49.1% -$3.2M
Trim SPGI
-23.8% -$2.5M
Trim DE
-50.4% -$2.5M
Add NVDA
+37.6% $2.4M
Add JPM
+401.2% $2.3M
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 8.95% | +2.00% | +37.57% | |
| 2 | AAPL | Apple INC | Stock-Tech | 8.64% | +2.69% | +55.57% | |
| 3 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 7.11% | -0.50% | +1.61% | |
| 4 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 6.44% | -0.20% | +1.68% | |
| 5 | MSFT | Microsoft CORP | Stock-Tech | 6.41% | +1.06% | +56.58% | |
| 6 | ASML | ASML Holding N.V. | Stock-Tech | 4.38% | -2.59% | -49.09% | |
| 7 | RLI | Rli CORP | Stock-Financials | 3.69% | -1.47% | -19.68% | |
| 8 | MA | Mastercard INC - A | Stock-Financials | 3.56% | -1.78% | -23.88% | |
| 9 | STLD | Steel Dynamics INC | Stock-Materials | 3.41% | — | -10.55% | |
| 10 | SPGI | S&p Global INC | Stock-Financials | 3.33% | -2.03% | -23.83% | |
| 11 | CMI | Cummins INC | Stock-Industrials | 3.20% | — | -6.70% | |
| 12 | ODFL | Old Dominion Freight Line | Stock-Industrials | 3.10% | -1.14% | -41.31% | |
| 13 | DE | Deere & Co | Stock-Industrials | 3.05% | -2.03% | -50.43% | |
| 14 | AXP | American Express Co | Stock-Financials | 3.00% | -0.60% | +1.80% | |
| 15 | AMAT | Applied Materials INC | Stock-Tech | 2.64% | -0.61% | -38.94% | |
| 16 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.43% | +1.90% | +401.19% | |
| 17 | INTU | Intuit INC | Stock-Tech | 2.43% | -1.14% | +4.23% | |
| 18 | JKHY | Jack Henry & Associates INC | Stock-Tech | 1.86% | -1.77% | -40.68% | |
| 19 | LRCX | Lam Research CORP | Stock-Tech | 1.66% | +0.93% | +82.55% | |
| 20 | TXN | Texas Instruments INC | Stock-Tech | 1.41% | -1.25% | -52.51% | |
| 21 | KLAC | Kla CORP | Stock-Tech | 1.28% | — | -21.01% | |
| 22 | ADI | Analog Devices INC | Stock-Tech | 1.26% | +1.26% | NEW | |
| 23 | AMD | Advanced Micro Devices | Stock-Tech | 1.19% | +1.19% | NEW | |
| 24 | CDNS | Cadence Design Sys INC | Stock-Tech | 1.03% | +0.46% | +104.02% | |
| 25 | CAT | Caterpillar INC | Stock-Industrials | 1.00% | +1.00% | NEW | |
| 26 | GE | General Electric | Stock-Industrials | 1.00% | +0.29% | +53.68% | |
| 27 | SNPS | Synopsys INC | Stock-Tech | 1.00% | +1.00% | NEW | |
| 28 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.82% | — | +0.20% | |
| 29 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.78% | -0.22% | -9.17% | |
| 30 | MRK | Merck & Co. INC. | Stock-Healthcare | 0.77% | — | -23.33% | |
| 31 | CRM | Salesforce INC | Stock-Tech | 0.68% | — | +67.56% | |
| 32 | DAL | Delta Air Lines INC | Stock-Industrials | 0.64% | +0.64% | NEW | |
| 33 | BSX | Boston Scientific CORP | Stock-Healthcare | 0.62% | +0.62% | NEW | |
| 34 | ADSK | Autodesk INC | Stock-Tech | 0.55% | +0.55% | NEW | |
| 35 | CSCO | Cisco Systems INC | Stock-Tech | 0.54% | +0.54% | NEW | |
| 36 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.52% | +0.52% | NEW | |
| 37 | GEV | GE Vernova INC | Stock-Industrials | 0.52% | +0.52% | NEW | |
| 38 | ROP | Roper Technologies INC | Stock-Tech | 0.50% | — | +34.65% | |
| 39 | BKR | Baker Hughes Co | Stock-Energy | 0.47% | +0.47% | NEW | |
| 40 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.42% | +0.42% | NEW | |
| 41 | SLB | Slb LTD | Stock-Energy | 0.41% | +0.41% | NEW | |
| 42 | ADBE | Adobe INC | Stock-Tech | 0.34% | +0.34% | NEW | |
| 43 | TRV | Travelers Cos Inc/the | Stock-Financials | 0.34% | +0.34% | NEW | |
| 44 | SYK | Stryker CORP | Stock-Healthcare | 0.34% | +0.34% | NEW | |
| 45 | MSI | Motorola Solutions INC | Stock-Tech | 0.33% | +0.33% | NEW | |
| 46 | CL | Colgate-palmolive Co | Stock-Consumer Staples | 0.33% | +0.33% | NEW | |
| 47 | NOW | Servicenow INC | Stock-Tech | 0.33% | +0.33% | NEW | |
| 48 | FDS | Factset Research Systems INC | Stock-Financials | 0.31% | +0.31% | NEW | |
| 49 | NVO | Novo-nordisk A/s-spons Adr | Stock-Healthcare | 0.29% | -0.93% | -66.91% | |
| 50 | NKE | Nike INC -cl B | Stock-Consumer Disc | 0.29% | +0.29% | NEW |
Performance for Q3 2026
+5.7%
Performance Last 4 Quarters
+30.8%
Based on 73% of reported portfolio value with available pricing
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2026-03-31 | 54 | $122.1M | 43 | |
| 2025-12-31 | 36 | $122.1M | 27 | |
| 2025-09-30 | 37 | $125.2M | 65 | |
| 2025-06-30 | 39 | $103.2M | 0 | |
| 2025-03-31 | 41 | $94.5M | 100 | |
| 2024-12-31 | 28 | $107.2M | 0 | |
| 2023-09-30 | 35 | $69.4M | 0 | |
| 2023-06-30 | 32 | $99.1M | 0 | |
| 2023-03-31 | 36 | $94.4M | 0 | |
| 2022-12-31 | 37 | $85.8M | 0 | |
| 2022-09-30 | 41 | $98.6M | 0 | |
| 2022-06-30 | 35 | $108.1M | 0 | |
| 2022-03-31 | 33 | $184.9M | 0 | |
| 2021-12-31 | 38 | $202.2M | 0 | |
| 2021-09-30 | 45 | $206.1M | 0 | |
| 2021-06-30 | 41 | $193.3M | 0 | |
| 2021-03-31 | 43 | $169.8M | 0 | |
| 2020-12-31 | 50 | $169.1M | 0 | |
| 2020-09-30 | 62 | $149.1M | 0 | |
| 2020-06-30 | 58 | $129.0M | 0 | |
| 2020-03-31 | 53 | $93.6M | 0 | |
| 2019-12-31 | 57 | $107.8M | 0 |
Karani Asset Management LLC's most significant position changes for 2026-03-31: New buy: Analog Devices INC (ADI); New buy: Advanced Micro Devices (AMD); New buy: Caterpillar INC (CAT); New buy: Synopsys INC (SNPS); New buy: Delta Air Lines INC (DAL).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AAPL | Apple INC | +2.7% | +55.57% | Add |
| 2 | NVDA | Nvidia CORP | +2% | +37.57% | Add |
| 3 | JPM | Jpmorgan Chase & Co | +1.9% | +401.19% | Add |
| 4 | MSFT | Microsoft CORP | +1.1% | +56.58% | Add |
| 5 | LRCX | Lam Research CORP | +0.9% | +82.55% | Add |
| 6 | CDNS | Cadence Design Sys INC | +0.5% | +104.02% | Add |
| 7 | GE | General Electric | +0.3% | +53.68% | Add |
| 8 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.2% | +1.68% | Add |
| 9 | LLY | Eli Lilly & Co | -0.2% | -9.17% | Trim |
| 10 | GOOGL | Alphabet Inc-cl A | -0.5% | +1.61% | Add |
| 11 | AXP | American Express Co | -0.6% | +1.80% | Add |
| 12 | AMAT | Applied Materials INC | -0.6% | -38.94% | Trim |
| 13 | NVO | Novo-nordisk A/s-spons Adr | -0.9% | -66.91% | Trim |
| 14 | INTU | Intuit INC | -1.1% | +4.23% | Add |
| 15 | ODFL | Old Dominion Freight Line | -1.1% | -41.31% | Trim |
| 16 | TXN | Texas Instruments INC | -1.3% | -52.51% | Trim |
| 17 | RLI | Rli CORP | -1.5% | -19.68% | Trim |
| 18 | JKHY | Jack Henry & Associates INC | -1.8% | -40.68% | Trim |
| 19 | MA | Mastercard INC - A | -1.8% | -23.88% | Trim |
| 20 | SPGI | S&p Global INC | -2% | -23.83% | Trim |
| 21 | DE | Deere & Co | -2% | -50.43% | Trim |
| 22 | ASML | ASML Holding N.V. | -2.6% | -49.09% | Trim |
| 23 | ADI | Analog Devices INC | — | NEW | New buy |
| 24 | AMD | Advanced Micro Devices | — | NEW | New buy |
| 25 | CAT | Caterpillar INC | — | NEW | New buy |
| 26 | SNPS | Synopsys INC | — | NEW | New buy |
| 27 | DAL | Delta Air Lines INC | — | NEW | New buy |
| 28 | BSX | Boston Scientific CORP | — | NEW | New buy |
| 29 | ISRG | Intuitive Surgical INC | — | EXIT | Sold out |
| 30 | FICO | Fair Isaac CORP | — | EXIT | Sold out |
| 31 | URI | United Rentals INC | — | EXIT | Sold out |
| 32 | ADSK | Autodesk INC | — | NEW | New buy |
| 33 | CSCO | Cisco Systems INC | — | NEW | New buy |
| 34 | PG | Procter & Gamble Co/the | — | NEW | New buy |
| 35 | GEV | GE Vernova INC | — | NEW | New buy |
| 36 | COST | Costco Wholesale CORP | — | EXIT | Sold out |
| 37 | BKR | Baker Hughes Co | — | NEW | New buy |
| 38 | JNJ | Johnson & Johnson | — | NEW | New buy |
| 39 | NFLX | Netflix INC | — | EXIT | Sold out |
| 40 | SLB | Slb LTD | — | NEW | New buy |
| 41 | ADBE | Adobe INC | — | NEW | New buy |
| 42 | TRV | Travelers Cos Inc/the | — | NEW | New buy |
| 43 | SYK | Stryker CORP | — | NEW | New buy |
| 44 | MSI | Motorola Solutions INC | — | NEW | New buy |
| 45 | CL | Colgate-palmolive Co | — | NEW | New buy |
| 46 | NOW | Servicenow INC | — | NEW | New buy |
| 47 | FDS | Factset Research Systems INC | — | NEW | New buy |
| 48 | NKE | Nike INC -cl B | — | NEW | New buy |
| 49 | LULU | Lululemon Athletica INC | — | NEW | New buy |
| 50 | RSP | Invesco S&p 500 Equal Weight | — | EXIT | Sold out |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2026-03-31 | 2026-05-15 | 13F-HR | View on EDGAR |
| 2025-12-31 | 2026-02-17 | 13F-HR | View on EDGAR |
| 2025-09-30 | 2025-11-14 | 13F-HR | View on EDGAR |
| 2025-06-30 | 2025-08-14 | 13F-HR | View on EDGAR |
| 2025-03-31 | 2025-05-15 | 13F-HR | View on EDGAR |
| 2024-12-31 | 2025-02-14 | 13F-HR | View on EDGAR |
| 2023-09-30 | 2023-11-14 | 13F-HR | View on EDGAR |
| 2023-06-30 | 2023-08-14 | 13F-HR | View on EDGAR |
| 2023-03-31 | 2023-05-15 | 13F-HR | View on EDGAR |
| 2022-12-31 | 2023-02-14 | 13F-HR | View on EDGAR |
| 2022-09-30 | 2022-11-14 | 13F-HR | View on EDGAR |
| 2022-06-30 | 2022-08-15 | 13F-HR | View on EDGAR |
| 2022-03-31 | 2022-05-16 | 13F-HR | View on EDGAR |
| 2021-12-31 | 2022-11-23 | Amendment | View on EDGAR |
| 2021-12-31 | 2022-02-14 | 13F-HR | View on EDGAR |
| 2021-09-30 | 2022-11-23 | Amendment | View on EDGAR |
| 2021-09-30 | 2021-11-08 | 13F-HR | View on EDGAR |
| 2021-06-30 | 2022-11-23 | Amendment | View on EDGAR |
| 2021-06-30 | 2021-08-13 | 13F-HR | View on EDGAR |
| 2021-03-31 | 2022-11-23 | Amendment | View on EDGAR |
| 2021-03-31 | 2021-05-12 | 13F-HR | View on EDGAR |
| 2020-12-31 | 2022-11-23 | Amendment | View on EDGAR |
| 2020-12-31 | 2021-02-16 | 13F-HR | View on EDGAR |
| 2020-09-30 | 2022-11-23 | Amendment | View on EDGAR |
| 2020-09-30 | 2020-11-06 | 13F-HR | View on EDGAR |
| 2020-06-30 | 2022-11-23 | Amendment | View on EDGAR |
| 2020-06-30 | 2020-08-05 | 13F-HR | View on EDGAR |
| 2020-03-31 | 2022-11-23 | Amendment | View on EDGAR |
| 2020-03-31 | 2020-04-30 | 13F-HR | View on EDGAR |
| 2019-12-31 | 2022-11-23 | Amendment | View on EDGAR |
| 2019-12-31 | 2020-01-27 | 13F-HR | View on EDGAR |
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