Karani Asset Management LLC
Reported holdings as of Q2 2026, from 23 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| NVIDIA CORPORATION | NVDA | $13.0M | 65,153 | +0.45pp | 23q | +4.0%+$500.8K | |
| APPLE INC | AAPL | $12.5M | 43,229 | +0.38pp | 22q | +4.0%+$482.9K | |
| ALPHABET INC | GOOGL | $11.1M | 31,100 | +0.91pp | 23q | +3.1%+$329.5K | |
| MICROSOFT CORP | MSFT | $8.2M | 21,877 | -0.53pp | 23q | +3.4%+$269.7K | |
| ASML HLDG NV | ASML | $6.4M | 3,214 | +0.23pp | 7q | -20.7%-$1.7M | |
| APPLIED MATLS INC | AMAT | $5.4M | 7,451 | +1.25pp | 7q | -20.9%-$1.4M | |
| CUMMINS INC | CMI | $4.8M | 6,747 | +0.27pp | 7q | -7.2%-$372.3K | |
| MASTERCARD INCORPORATED | MA | $4.5M | 8,839 | -0.28pp | 7q | +1.7%+$75.5K | |
| ADVANCED MICRO DEVICES INC | AMD | $4.5M | 7,755 | +2.06pp | 2q | +8.9%+$368.3K | |
| STEEL DYNAMICS INC | STLD | $4.1M | 17,764 | -0.47pp | 8q | -23.1%-$1.2M | |
| AMERICAN EXPRESS CO | AXP | $4.1M | 12,023 | -0.06pp | 10q | -0.6%-$23.7K | |
| LAM RESEARCH CORP | LRCX | $4.0M | 9,330 | +1.25pp | 6q | -1.7%-$68.9K | |
| RLI CORP | RLI | $4.0M | 68,106 | -0.79pp | 16q | -13.9%-$646.9K | |
| DEERE & CO | DE | $3.9M | 6,216 | -0.21pp | 23q | -6.0%-$249.9K | |
| JPMORGAN CHASE & CO | JPM | $3.6M | 11,048 | +0.17pp | 8q | +9.3%+$309.0K | |
| S&P GLOBAL INC | SPGI | $3.6M | 8,769 | -0.75pp | 6q | -8.1%-$316.4K | |
| OLD DOMINION FREIGHT LINE IN | ODFL | $3.4M | 15,470 | -0.68pp | 5q | -20.1%-$842.8K | |
| ANALOG DEVICES INC | ADI | $2.3M | 5,839 | +0.41pp | 2q | +20.8%+$400.0K | |
| KLA CORP | KLAC | $2.3M | 7,560 | +0.37pp | 6q | +613.2%+$2.0M | |
| TEXAS INSTRS INC | TXN | $2.2M | 7,360 | +0.17pp | 17q | -17.3%-$457.8K | |
| CADENCE DESIGN SYSTEM INC | CDNS | $2.1M | 5,703 | +0.52pp | 21q | +26.4%+$446.6K | |
| CATERPILLAR INC | CAT | $2.1M | 1,986 | +0.52pp | 2q | +14.7%+$270.5K | |
| INTUIT | INTU | $2.0M | 7,490 | -1.02pp | 23q | +9.3%+$166.3K | |
| GE AEROSPACE | GE | $1.6M | 4,306 | +0.16pp | 5q | HELD | |
| SYNOPSYS INC | SNPS | $1.4M | 3,213 | +0.04pp | 2q | +4.7%+$64.2K | |
| MOTOROLA SOLUTIONS INC | MSI | $1.3M | 3,219 | +0.63pp | 2q | +246.9%+$951.4K | |
| STRYKER CORPORATION | SYK | $1.3M | 4,235 | +0.63pp | 2q | +239.6%+$940.7K | |
| ELI LILLY & CO | LLY | $1.2M | 1,028 | +0.11pp | 6q | HELD | |
| SERVICENOW INC | NOW | $1.2M | 11,915 | +0.53pp | 2q | +213.2%+$805.3K | |
| ISHARES TR | IVV | $1.1M | 1,527 | +0.01pp | 8q | HELD | |
| GE VERNOVA INC | GEV | $1.1M | 960 | +0.30pp | 2q | +32.6%+$277.3K | |
| MERCK & CO INC | MRK | $1.0M | 7,836 | -0.05pp | 8q | HELD | |
| PROCTER & GAMBLE CO | PG | $1.0M | 6,820 | +0.20pp | 2q | +54.4%+$352.2K | |
| STATE STR SPDR S&P 500 ETF T OPT | SPY | $970.8K | options only | -5.74pp | 4q | OPTIONS | |
| TRAVELERS COMPANIES INC | TRV | $739.5K | 2,240 | +0.19pp | 2q | +56.3%+$266.4K | |
| CISCO SYS INC | CSCO | $729.2K | 6,208 | -0.01pp | 2q | -27.0%-$269.2K | |
| BOSTON SCIENTIFIC CORP | BSX | $726.8K | 17,028 | -0.10pp | 2q | +40.2%+$208.4K | |
| SALESFORCE INC | CRM | $708.6K | 4,523 | -0.17pp | 5q | +1.0%+$6.9K | |
| DELTA AIR LINES INC | DAL | $677.4K | 7,233 | -0.15pp | 2q | -38.5%-$424.7K | |
| MORGAN STANLEY | MS | $603.7K | 2,888 | - | new | NEW | |
| PROGRESSIVE CORP | PGR | $577.4K | 2,643 | - | new | NEW | |
| MARRIOTT INTL INC NEW | MAR | $538.1K | 1,452 | - | new | NEW | |
| JOHNSON & JOHNSON | JNJ | $537.1K | 2,115 | -0.04pp | 2q | HELD | |
| WW GRAINGER INC | GWW | $531.9K | 391 | - | new | NEW | |
| HILTON WORLDWIDE HLDGS INC | HLT | $530.7K | 1,606 | - | new | NEW | |
| NOVO-NORDISK A S | NVO | $465.4K | 9,709 | +0.04pp | 23q | HELD | |
| ROPER TECHNOLOGIES INC | ROP | $439.9K | 1,300 | -0.19pp | 5q | -25.2%-$147.9K | |
| EATON CORP PLC | ETN | $420.6K | 987 | - | new | NEW | |
| AUTODESK INC | ADSK | $392.5K | 2,019 | -0.27pp | 2q | -28.3%-$154.6K | |
| BAKER HUGHES COMPANY | BKR | $384.4K | 6,926 | -0.19pp | 2q | -26.5%-$138.4K | |
| UNITED RENTALS INC | URI | $369.3K | 326 | - | new | NEW | |
| NXP SEMICONDUCTORS N V | NXPI | $353.8K | 1,259 | - | new | NEW | |
| COLGATE PALMOLIVE CO | CL | $344.9K | 3,762 | -0.08pp | 2q | -20.2%-$87.5K | |
| SLB LIMITED | SLB | $338.4K | 7,280 | -0.17pp | 2q | -25.2%-$113.8K | |
| FACTSET RESH SYS INC | FDS | $284.6K | 1,237 | -0.11pp | 2q | -30.0%-$121.9K | |
| ADOBE INC | ADBE | $265.7K | 1,296 | -0.15pp | 2q | -25.2%-$89.6K | |
| BOOKING HOLDINGS INC | BKNG | $225.7K | 1,266 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Semiconductors & Electronics | $31.9M | 23.0% |
| Software & IT Services | $27.6M | 19.9% |
| Industrials | $22.1M | 15.9% |
| Computer Hardware | $13.2M | 9.5% |
| Business Services | $9.5M | 6.9% |
| Banks & Lending | $7.7M | 5.5% |
| Insurance | $5.3M | 3.8% |
| Transport & Logistics | $4.3M | 3.1% |
| Mining & Metals | $4.1M | 2.9% |
| Biotech & Pharma | $3.2M | 2.3% |
| Instruments & Controls | $2.7M | 2.0% |
| Other sectors | $5.8M | 4.2% |
| Not classified | $1.1M | 0.8% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $138.7M | 57 | 9 | 21 | 20 | 6 | 53.7% | 45 |
| Q1 2026 | $122.1M | 54 | 24 | 12 | 15 | 6 | 55.9% | 45 |
| Q4 2025 | $122.1M | 36 | 1 | 7 | 15 | 2 | 60.4% | 48 |
| Q3 2025 | $125.2M | 37 | 4 | 23 | 6 | 6 | 58.6% | 45 |
| Q2 2025 | $103.2M | 39 | 7 | 14 | 17 | 9 | 56.5% | 45 |
| Q1 2025 | $94.5M | 41 | 13 | 4 | 22 | 0 | 52.7% | 45 |
| Q4 2024 | $107.2M | 28 | 5 | 15 | 7 | 12 | 58.8% | 45 |
| Q3 2023 | $69.4M | 35 | 7 | 3 | 25 | 4 | 50.3% | 45 |
| Q2 2023 | $99.1M | 32 | 2 | 10 | 16 | 6 | 52.0% | 45 |
| Q1 2023 | $94.4M | 36 | 1 | 8 | 10 | 2 | 51.4% | 45 |
| Q4 2022 | $85.8M | 37 | 2 | 6 | 28 | 6 | 50.8% | 45 |
| Q3 2022 | $98.6M | 41 | 7 | 8 | 24 | 1 | 51.0% | 45 |
| Q2 2022 | $108.1M | 35 | 3 | 3 | 27 | 1 | 53.7% | 46 |
| Q1 2022 | $184.9M | 33 | 1 | 26 | 3 | 6 | 57.5% | 46 |
| Q4 2021 | $202.2M | 38 | 6 | 12 | 14 | 13 | 54.4% | 327 |
| Q3 2021 | $206.1M | 45 | 6 | 22 | 13 | 2 | 46.5% | 419 |
| Q2 2021 | $193.3M | 41 | 3 | 28 | 2 | 5 | 48.0% | 511 |
| Q1 2021 | $169.8M | 43 | 2 | 22 | 12 | 9 | 44.8% | 602 |
| Q4 2020 | $169.1M | 50 | 3 | 19 | 25 | 15 | 41.3% | 692 |
| Q3 2020 | $149.1M | 62 | 8 | 20 | 24 | 4 | 46.1% | 784 |
| Q2 2020 | $129.0M | 58 | 11 | 17 | 24 | 6 | 49.4% | 876 |
| Q1 2020 | $93.6M | 53 | 6 | 22 | 19 | 10 | 50.8% | 967 |
| Q4 2019 | $107.8M | 57 | 0 | 0 | 0 | 0 | 58.6% | 1,058 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.