Karani Asset Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Karani Asset Management LLC reported 39 stock positions worth $103.2 million. Its top holding was Nvidia (NVDA) at 8.4% of the portfolio, followed by Mastercard Class A (MA, 6.1%) and Microsoft (MSFT, 6.1%). Compared with Q1 2025, it opened 7 new positions, sold out of 9, added to 15 and reduced 17. The biggest buy was Nvidia (NVDA, shares +20%) and the biggest sale an exit from EOG Resources (EOG).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001792430
- Portfolio Value
- $103.2M (Q2 2025)
- SEC Filing
- 0001493152-25-011980 ↗ filed Aug 14, 2025
Holdings Value
Holdings 39 stocks · $103.2M
| NVDA Nvidia Corp. | 8.44% | 55,120 | $8.7M | Add +19.8% |
| MA Mastercard Inc. Class A | 6.14% | 11,282 | $6.3M | Add +14.1% |
| MSFT Microsoft Corp. | 6.08% | 12,617 | $6.3M | Add +14.3% |
| AXP American Express Co. | 5.66% | 18,327 | $5.8M | Add +16.3% |
| GOOGL Alphabet Inc. Class A | 5.45% | 31,942 | $5.6M | Reduce -3.7% |
| KKR KKR & Co. Inc. | 5.45% | 42,277 | $5.6M | Add +107.5% |
| RLI Rli Corp. | 5.08% | 72,618 | $5.2M | Reduce -9.7% |
| ASML ASML Holding NV-NY Reg SHS | 4.85% | 6,242 | $5.0M | Add +26.3% |
| AAPL Apple Inc. | 4.78% | 24,042 | $4.9M | Reduce -6.1% |
| DE Deere & Co. | 4.54% | 9,212 | $4.7M | Reduce -25.8% |
| INTU Intuit Inc. | 4.14% | 5,425 | $4.3M | Reduce -3.4% |
| TXN Texas Instruments Inc. | 4.10% | 20,382 | $4.2M | Reduce -4.0% |
| PHM Pultegroup Inc. | 4.07% | 39,796 | $4.2M | Add +68.1% |
| CMI Cummins Inc. | 3.35% | 10,551 | $3.5M | Add +9.7% |
| ADBE Adobe Inc. | 3.19% | 8,506 | $3.3M | Reduce -19.8% |
| CDNS Cadence Design SYS Inc. | 3.03% | 10,160 | $3.1M | Reduce -4.3% |
| STLD Steel Dynamics Inc. | 2.75% | 22,199 | $2.8M | Reduce -5.4% |
| V Visa Inc. Class A | 2.35% | 6,826 | $2.4M | Add +0.2% |
| NVO Novo-Nordisk A/S-Spons ADR | 2.08% | 31,125 | $2.1M | Add +1.6% |
| SPGI S&P Global Inc. | 2.02% | 3,950 | $2.1M | Add +64.7% |
| AMAT Applied Materials Inc. | 1.85% | 10,461 | $1.9M | Add +272.3% |
| LRCX Lam Research Corp. | 1.00% | 10,614 | $1.0M | Add +90.7% |
| LLY Eli Lilly & Co. | 1.00% | 1,325 | $1.0M | Add +82.8% |
| KLAC KLA Corp. | 0.99% | 1,140 | $1.0M | Add +86.9% |
| IVV iShares Core S&P 500 ETF | 0.92% | 1,524 | $946K | Reduce -20.8% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.91% | 1,941 | $943K | New |
| MRK Merck & Co. Inc. | 0.88% | 11,441 | $906K | Reduce -9.2% |
| FICO Fair Isaac Corp. | 0.68% | 386 | $706K | New |
| ODFL Old Dominion Freight Line | 0.66% | 4,179 | $678K | New |
| CRM Salesforce Inc. | 0.66% | 2,484 | $677K | New |
| ROP Roper Technologies Inc. | 0.65% | 1,185 | $672K | New |
| JPM JPMorgan Chase & Co. | 0.57% | 2,016 | $584K | Reduce -16.6% |
| COST Costco Wholesale Corp. | 0.35% | 370 | $366K | Reduce -73.0% |
| GE General Electric filed as GE AEROSPACE | 0.33% | 1,336 | $344K | New |
| NFLX Netflix Inc. | 0.33% | 252 | $337K | New |
| GWW WW Grainger Inc. filed as GRAINGER W W INC | 0.31% | 311 | $324K | Reduce -74.1% |
| CSCO Cisco Systems Inc. | 0.26% | 3,856 | $268K | Reduce -20.9% |
| TT Trane Technologies PLC | 0.08% | 200 | $87K | Reduce -33.3% |
| NVR NVR Inc. | 0.04% | 5 | $37K | Reduce -98.2% |
Portfolio Sells Q1 2025 → Q2 2025
| EOG EOG Resources Inc. | Sold out | 0.00% | −3.88 |
| PG The Procter & Gamble Co. | Sold out | 0.00% | −2.55 |
| NVR NVR Inc. | Reduce -98.2% | 0.04% | −2.09 |
| RLI Rli Corp. | Reduce -9.7% | 5.08% | −1.76 |
| DE Deere & Co. | Reduce -25.8% | 4.54% | −1.63 |
| AAPL Apple Inc. | Reduce -6.1% | 4.78% | −1.24 |
| ADBE Adobe Inc. | Reduce -19.8% | 3.19% | −1.12 |
| COST Costco Wholesale Corp. | Reduce -73.0% | 0.35% | −1.02 |
| REGN Regeneron Pharmaceuticals | Sold out | 0.00% | −1.02 |
| GWW WW Grainger Inc. | Reduce -74.1% | 0.31% | −0.94 |
| ADSK Autodesk Inc. | Sold out | 0.00% | −0.71 |
| CL Colgate-Palmolive Co. | Sold out | 0.00% | −0.64 |
| SNPS Synopsys Inc. | Sold out | 0.00% | −0.36 |
| STLD Steel Dynamics Inc. | Reduce -5.4% | 2.75% | −0.36 |
| MRK Merck & Co. Inc. | Reduce -9.2% | 0.88% | −0.32 |
| MSCI MSCI Inc. | Sold out | 0.00% | −0.32 |
| LULU Lululemon Athletica Inc. | Sold out | 0.00% | −0.27 |
| IVV iShares Core S&P 500 ETF | Reduce -20.8% | 0.92% | −0.23 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.07 |
| JPM JPMorgan Chase & Co. | Reduce -16.6% | 0.57% | −0.06 |
| CSCO Cisco Systems Inc. | Reduce -20.9% | 0.26% | −0.06 |
| TT Trane Technologies PLC | Reduce -33.3% | 0.08% | −0.02 |
| GOOGL Alphabet Inc. Class A | Reduce -3.7% | 5.45% | +0.02 |
| TXN Texas Instruments Inc. | Reduce -4.0% | 4.10% | +0.06 |
| CDNS Cadence Design SYS Inc. | Reduce -4.3% | 3.03% | +0.17 |
| INTU Intuit Inc. | Reduce -3.4% | 4.14% | +0.49 |
Portfolio Buys Q1 2025 → Q2 2025
| NVDA Nvidia Corp. | Add +19.8% | 8.44% | +3.16 |
| KKR KKR & Co. Inc. | Add +107.5% | 5.45% | +2.95 |
| MSFT Microsoft Corp. | Add +14.3% | 6.08% | +1.69 |
| PHM Pultegroup Inc. | Add +68.1% | 4.07% | +1.49 |
| AMAT Applied Materials Inc. | Add +272.3% | 1.85% | +1.42 |
| ASML ASML Holding NV-NY Reg SHS | Add +26.3% | 4.85% | +1.38 |
| AXP American Express Co. | Add +16.3% | 5.66% | +1.17 |
| BRK.B Berkshire Hathaway Inc. Class B | New | 0.91% | +0.91 |
| SPGI S&P Global Inc. | Add +64.7% | 2.02% | +0.73 |
| FICO Fair Isaac Corp. | New | 0.68% | +0.68 |
| ODFL Old Dominion Freight Line | New | 0.66% | +0.66 |
| CRM Salesforce Inc. | New | 0.66% | +0.66 |
| ROP Roper Technologies Inc. | New | 0.65% | +0.65 |
| LRCX Lam Research Corp. | Add +90.7% | 1.00% | +0.57 |
| KLAC KLA Corp. | Add +86.9% | 0.99% | +0.55 |
| MA Mastercard Inc. Class A | Add +14.1% | 6.14% | +0.40 |
| LLY Eli Lilly & Co. | Add +82.8% | 1.00% | +0.37 |
| GE General Electric | New | 0.33% | +0.33 |
| NFLX Netflix Inc. | New | 0.33% | +0.33 |
| CMI Cummins Inc. | Add +9.7% | 3.35% | +0.15 |
| NVO Novo-Nordisk A/S-Spons ADR | Add +1.6% | 2.08% | −0.17 |
| V Visa Inc. Class A | Add +0.2% | 2.35% | −0.18 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 56 | $137.7M | NVDA, AAPL, GOOGL, MSFT, ASML |
| Q1 2026 | 53 | $114.2M | NVDA, AAPL, GOOGL, MSFT, ASML |
| Q4 2025 | 35 | $114.0M | GOOGL, ASML, NVDA, AAPL, SPGI |
| Q3 2025 | 36 | $117.1M | NVDA, GOOGL, ASML, MSFT, AAPL |
| Q2 2025 | 39 | $103.2M | NVDA, MA, MSFT, AXP, GOOGL |
| Q1 2025 | 41 | $94.5M | RLI, DE, AAPL, MA, GOOGL |
| Q4 2024 | 28 | $107.2M | NVDA, RLI, AAPL, GOOGL, DE |