KA
Karani Asset Management LLC Holdings Report (Q2 2026) — 13F Stock Portfolio
Karani Asset Management LLCCIK: 0001792430
Diversified strategyMomentum followerSector-focused
Total reported value
$138.7M
Reporting period: 2026-06-30 · Number of holdings: 57
Karani Asset Management LLC disclosed 57 holdings in its latest 13F filing for the period ending 2026-06-30, with total reported value of $138.7M and a quarterly turnover rate of 34.0%.
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Personality snowflake
- Concentration
- 17.04
- Portfolio Stability
- 34.04
- Momentum
- 100
- Sector conviction
- 99.15
- Diversification
- 100
- Sizing Uniformity
- 87.94
Karani Asset Management LLC's disclosed holdings carry a Herfindahl concentration index of 0.043 — mathematically equivalent to about 23 equally-sized positions, well below its 57 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 1.21), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 2.0 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim SPY
-89.3% -$6.9M
Add AMD
+8.9% $3.1M
Sold out JKHY
Add LRCX
-1.7% $2.0M
Add AMAT
-20.9% $2.2M
Trim INTU
+9.3% -$1.0M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | NVDA | Nvidia CORP | Stock-Tech | 9.40% | +0.45% | +4.00% | |
| 2 | AAPL | Apple Inc | Stock-Tech | 9.02% | +0.38% | +4.02% | |
| 3 | GOOGL | Alphabet Inc-cl A | Stock-Comm Services | 8.01% | +0.90% | +3.06% | |
| 4 | MSFT | Microsoft CORP | Stock-Tech | 5.88% | -0.53% | +3.42% | |
| 5 | ASML | ASML Holding N.V. | Stock-Tech | 4.61% | +0.23% | -20.66% | |
| 6 | AMAT | Applied Materials Inc | Stock-Tech | 3.88% | +1.24% | -20.92% | |
| 7 | CMI | Cummins Inc | Stock-Industrials | 3.47% | +0.27% | -7.18% | |
| 8 | MA | Mastercard Inc - A | Stock-Financials | 3.27% | -0.29% | +1.69% | |
| 9 | AMD | Advanced Micro Devices | Stock-Tech | 3.25% | +2.06% | +8.90% | |
| 10 | STLD | Steel Dynamics Inc | Stock-Materials | 2.94% | -0.47% | -23.11% | |
| 11 | AXP | American Express Co | Stock-Financials | 2.93% | -0.07% | -0.58% | |
| 12 | LRCX | Lam Research CORP | Stock-Tech | 2.91% | +1.25% | -1.68% | |
| 13 | RLI | Rli CORP | Stock-Financials | 2.90% | -0.79% | -13.85% | |
| 14 | DE | Deere & Co | Stock-Industrials | 2.84% | -0.21% | -5.96% | |
| 15 | JPM | Jpmorgan Chase & Co | Stock-Financials | 2.61% | +0.18% | +9.34% | |
| 16 | SPGI | S&p Global Inc | Stock-Financials | 2.57% | -0.76% | -8.14% | |
| 17 | ODFL | Old Dominion Freight Line | Stock-Industrials | 2.42% | -0.68% | -20.10% | |
| 18 | ADI | Analog Devices Inc | Stock-Tech | 1.67% | +0.41% | +20.84% | |
| 19 | KLAC | Kla CORP | Stock-Tech | 1.64% | +0.36% | +613.21% | |
| 20 | TXN | Texas Instruments Inc | Stock-Tech | 1.58% | +0.17% | -17.27% | |
| 21 | CDNS | Cadence Design Sys Inc | Stock-Tech | 1.54% | +0.51% | +26.37% | |
| 22 | CAT | Caterpillar Inc | Stock-Industrials | 1.52% | +0.52% | +14.67% | |
| 23 | INTU | Intuit Inc | Stock-Tech | 1.41% | -1.02% | +9.30% | |
| 24 | GE | General Electric | Stock-Industrials | 1.16% | +0.16% | — | |
| 25 | SNPS | Synopsys Inc | Stock-Tech | 1.03% | +0.03% | +4.69% | |
| 26 | MSI | Motorola Solutions Inc | Stock-Tech | 0.96% | +0.63% | +246.88% | |
| 27 | SYK | Stryker CORP | Stock-Healthcare | 0.96% | +0.62% | +239.62% | |
| 28 | LLY | Eli Lilly & Co | Stock-Healthcare | 0.89% | +0.11% | -0.19% | |
| 29 | NOW | Servicenow Inc | Stock-Tech | 0.85% | +0.52% | +213.22% | |
| 30 | IVV | Ishares Core S&p 500 ETF | ETF-Large Cap & Growth | 0.82% | — | — | |
| 31 | GEV | GE Vernova Inc | Stock-Industrials | 0.81% | +0.29% | +32.60% | |
| 32 | MRK | Merck & Co. Inc. | Stock-Healthcare | 0.73% | -0.04% | — | |
| 33 | PG | Procter & Gamble Co/the | Stock-Consumer Staples | 0.72% | +0.20% | +54.37% | |
| 34 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 0.70% | -5.74% | -89.26% | |
| 35 | TRV | Travelers Cos Inc/the | Stock-Financials | 0.53% | +0.19% | +56.32% | |
| 36 | CSCO | Cisco Systems Inc | Stock-Tech | 0.53% | -0.01% | -26.96% | |
| 37 | BSX | Boston Scientific CORP | Stock-Healthcare | 0.52% | -0.10% | +40.19% | |
| 38 | CRM | Salesforce Inc | Stock-Tech | 0.51% | -0.17% | +0.98% | |
| 39 | DAL | Delta Air Lines Inc | Stock-Industrials | 0.49% | -0.15% | -38.54% | |
| 40 | MS | Morgan Stanley | Stock-Financials | 0.44% | +0.44% | NEW | |
| 41 | PGR | Progressive CORP | Stock-Financials | 0.42% | +0.42% | NEW | |
| 42 | MAR | Marriott International -cl A | Stock-Consumer Disc | 0.39% | +0.39% | NEW | |
| 43 | JNJ | Johnson & Johnson | Stock-Healthcare | 0.39% | -0.03% | -0.19% | |
| 44 | GWW | Ww Grainger Inc | Stock-Industrials | 0.38% | +0.38% | NEW | |
| 45 | HLT | Hilton Worldwide Holdings In | Stock-Consumer Disc | 0.38% | +0.38% | NEW | |
| 46 | NVO | Novo-nordisk A/s-spons Adr | Stock-Healthcare | 0.34% | +0.05% | -0.01% | |
| 47 | ROP | Roper Technologies Inc | Stock-Tech | 0.32% | -0.18% | -25.16% | |
| 48 | ETN | Eaton Corporation plc | Stock-Industrials | 0.30% | +0.30% | NEW | |
| 49 | ADSK | Autodesk Inc | Stock-Tech | 0.28% | -0.27% | -28.25% | |
| 50 | BKR | Baker Hughes Co | Stock-Energy | 0.28% | -0.19% | -26.48% |
1–50 of 57
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
+3.1%
Performance Last 4 Quarters
+25.7%
- Stdev
- +15.6%
- Beta
- +1.14
- Alpha
- -3.7%
- Max Drawdown
- -12.8%
- Annualized Perf
- +19.4%
- Batting Avg vs S&P
- +41.7%
- Sortino
- +2.34
- Stutzer
- +0.36
- Treynor
- +0.17
- Sterling
- +1.07
- Calmar
- +1.52
- Information Ratio
- -0.17
- Tracking Error
- +5.4%
- Stdev Down
- +8.1%
- Winning Months %
- +69.4%
- Losing Months %
- +30.6%
- Best 12 Months
- +36.4%
- Worst 12 Months
- -0.1%
- Efficiency Ratio
- +0.5
- Sharpe
- +1.22
- Stdev Sectors
- +15.6%
- Skewness
- +0.11
- Kurtosis
- -0.09
- Upside Potential
- +4.03
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2026 Q2 | 57 | $138.7M | 34 | ||
| 2026 Q1 | 54 | $122.1M | 43 | ||
| 2025 Q4 | 36 | $122.1M | 27 | ||
| 2025 Q3 | 37 | $125.2M | 65 | ||
| 2025 Q2 | 39 | $103.2M | 0 | ||
| 2025 Q1 | 41 | $94.5M | 100 | ||
| 2024 Q4 | 28 | $107.2M | 0 | ||
| 2023 Q3 | 35 | $69.4M | 0 | ||
| 2023 Q2 | 32 | $99.1M | 0 | ||
| 2023 Q1 | 36 | $94.4M | 0 | ||
| 2022 Q4 | 37 | $85.8M | 0 | ||
| 2022 Q3 | 41 | $98.6M | 0 | ||
| 2022 Q2 | 35 | $108.1M | 0 | ||
| 2022 Q1 | 33 | $184.9M | 0 | ||
| 2021 Q4 | 38 | $202.2M | 0 | ||
| 2021 Q3 | 45 | $206.1M | 0 | ||
| 2021 Q2 | 41 | $193.3M | 0 | ||
| 2021 Q1 | 43 | $169.8M | 0 | ||
| 2020 Q4 | 50 | $169.1M | 0 | ||
| 2020 Q3 | 62 | $149.1M | 0 | ||
| 2020 Q2 | 58 | $129.0M | 0 | ||
| 2020 Q1 | 53 | $93.6M | 0 | ||
| 2019 Q4 | 57 | $107.8M | 0 |
Holding changes this quarter
Karani Asset Management LLC's most significant position changes for 2026-06-30: Sold out: Jack Henry & Associates Inc (JKHY); New buy: Morgan Stanley (MS); New buy: Progressive CORP (PGR); New buy: Marriott International -cl A (MAR); New buy: Ww Grainger Inc (GWW).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | AMD | Advanced Micro Devices | +2.1% | +8.90% | Add |
| 2 | LRCX | Lam Research CORP | +1.3% | -1.68% | Trim |
| 3 | AMAT | Applied Materials Inc | +1.2% | -20.92% | Trim |
| 4 | GOOGL | Alphabet Inc-cl A | +0.9% | +3.06% | Add |
| 5 | MSI | Motorola Solutions Inc | +0.6% | +246.88% | Add |
| 6 | SYK | Stryker CORP | +0.6% | +239.62% | Add |
| 7 | CAT | Caterpillar Inc | +0.5% | +14.67% | Add |
| 8 | NOW | Servicenow Inc | +0.5% | +213.22% | Add |
| 9 | CDNS | Cadence Design Sys Inc | +0.5% | +26.37% | Add |
| 10 | NVDA | Nvidia CORP | +0.5% | +4.00% | Add |
| 11 | MS | Morgan Stanley | +0.4% | NEW | New buy |
| 12 | PGR | Progressive CORP | +0.4% | NEW | New buy |
| 13 | ADI | Analog Devices Inc | +0.4% | +20.84% | Add |
| 14 | MAR | Marriott International -cl A | +0.4% | NEW | New buy |
| 15 | AAPL | Apple Inc | +0.4% | +4.02% | Add |
| 16 | GWW | Ww Grainger Inc | +0.4% | NEW | New buy |
| 17 | HLT | Hilton Worldwide Holdings In | +0.4% | NEW | New buy |
| 18 | KLAC | Kla CORP | +0.4% | +613.21% | Add |
| 19 | ETN | Eaton Corporation plc | +0.3% | NEW | New buy |
| 20 | GEV | GE Vernova Inc | +0.3% | +32.60% | Add |
| 21 | CMI | Cummins Inc | +0.3% | -7.18% | Trim |
| 22 | URI | United Rentals Inc | +0.3% | NEW | New buy |
| 23 | NXPI | NXP Semiconductors N.V. | +0.3% | NEW | New buy |
| 24 | ASML | ASML Holding N.V. | +0.2% | -20.66% | Trim |
| 25 | PG | Procter & Gamble Co/the | +0.2% | +54.37% | Add |
| 26 | TRV | Travelers Cos Inc/the | +0.2% | +56.32% | Add |
| 27 | JPM | Jpmorgan Chase & Co | +0.2% | +9.34% | Add |
| 28 | TXN | Texas Instruments Inc | +0.2% | -17.27% | Trim |
| 29 | GE | General Electric | +0.2% | — | Unchanged |
| 30 | BKNG | Booking Holdings Inc | +0.2% | NEW | New buy |
| 31 | LLY | Eli Lilly & Co | +0.1% | -0.19% | Trim |
| 32 | NVO | Novo-nordisk A/s-spons Adr | +0.1% | -0.01% | Trim |
| 33 | SNPS | Synopsys Inc | 0% | +4.69% | Add |
| 34 | IVV | Ishares Core S&p 500 ETF | — | — | Unchanged |
| 35 | CSCO | Cisco Systems Inc | 0% | -26.96% | Trim |
| 36 | BRK-B | Berkshire Hathaway Inc-cl B | 0% | EXIT | Sold out |
| 37 | GEHC | GE Healthcare Technology | 0% | EXIT | Sold out |
| 38 | JNJ | Johnson & Johnson | 0% | -0.19% | Trim |
| 39 | MRK | Merck & Co. Inc. | 0% | — | Unchanged |
| 40 | AXP | American Express Co | -0.1% | -0.58% | Trim |
| 41 | TT | Trane Technologies plc | -0.1% | EXIT | Sold out |
| 42 | CL | Colgate-palmolive Co | -0.1% | -20.23% | Trim |
| 43 | FDS | Factset Research Systems Inc | -0.1% | -29.99% | Trim |
| 44 | BSX | Boston Scientific CORP | -0.1% | +40.19% | Add |
| 45 | ADBE | Adobe Inc | -0.2% | -25.22% | Trim |
| 46 | DAL | Delta Air Lines Inc | -0.2% | -38.54% | Trim |
| 47 | SLB | Slb LTD | -0.2% | -25.16% | Trim |
| 48 | CRM | Salesforce Inc | -0.2% | +0.98% | Add |
| 49 | ROP | Roper Technologies Inc | -0.2% | -25.16% | Trim |
| 50 | BKR | Baker Hughes Co | -0.2% | -26.48% | Trim |
1–50 of 63
Filing History
FAQ
What is Karani Asset Management LLC and what type of investor is it?
Karani Asset Management LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-06-30), the firm manages a tracked equity portfolio valued at approximately $138.7M, spread across 57 disclosed positions.
What are Karani Asset Management LLC's largest equity positions?
Based on the latest 13F filing, Karani Asset Management LLC's top holdings by market value are:
1. Nvidia CORP (NVDA) — $13.0M (9.4%)
2. Apple Inc (AAPL) — $12.5M (9.0%)
3. Alphabet Inc-cl A (GOOGL) — $11.1M (8.0%)
4. Microsoft CORP (MSFT) — $8.2M (5.9%)
5. ASML Holding N.V. (ASML) — $6.4M (4.6%)
What changes did Karani Asset Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Karani Asset Management LLC made 60 notable position adjustments: 9 new positions were initiated, 21 existing holdings were added to, 24 positions were partially reduced, and 6 were completely exited. The largest of these moves: Sold out: Jack Henry & Associates Inc (JKHY); New buy: Morgan Stanley (MS); New buy: Progressive CORP (PGR); New buy: Marriott International -cl A (MAR); New buy: Ww Grainger Inc (GWW)
What sectors does Karani Asset Management LLC focus on?
Karani Asset Management LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 52.5%
• Financials: 16.1%
• Industrials: 13.9%
• Communication Services: 8.1%
• Health Care: 3.9%
• Materials: 3.0%
Investment Profile
Karani Asset Management LLC returned an annualized 19.4% over the trailing 36 months — underperforming the S&P 500 by 3.7 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 1.14 (more volatile than the market) and a 42% quarterly batting average against the index.
Its portfolio is broadly diversified and moderately active, with 52.5% of the portfolio concentrated in Information Technology.
Its turnover score has risen from 0 to 34 over the past 4 quarters — a shift toward more active trading.
It has added to its AAPL position over the past two quarters (+$5.2M, now $12.5M), while trimming SPY over the same stretch (-$7.1M, still holding $970.8K).
Peer Institutions
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Sector conviction100.0
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BI
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52 stks
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Concentration32.7
Portfolio Stability0.0
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PC
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Total reported value
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57 stks
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Concentration39.2
Portfolio Stability55.1
Sector conviction100.0
AUM within 0.1% of this institution
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Also holds Nvidia CORP as its largest position
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FA
Fred Alger Management, LLC
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JC
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CIK 0000019617
Total reported value
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Concentration3.7
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Sector conviction60.5
Also holds Nvidia CORP as its largest position
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Developer Access
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REST API
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