Karani Asset Management LLC In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Karani Asset Management LLC reported 53 stock positions worth $114.2 million . Its top holding was Nvidia (NVDA) at 9.6% of the portfolio, followed by Apple (AAPL, 9.2% ) and Alphabet Class A (GOOGL, 7.6% ). Compared with Q4 2025, it opened 24 new positions, sold out of 6, added to 13 and reduced 15. The biggest buy was Apple (AAPL, shares +56% ) and the biggest sale ASML Holding NV-NY Reg SHS (ASML, shares −49% ).
Location NEW YORK, NY
CIK 0001792430
Portfolio Value $114.2M (Q1 2026) Holdings 53 stocks · $114.2M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2025 NVDA Nvidia Corp. 62,650 $10.9M Add +37.6% AAPL Apple Inc. 41,560 $10.5M Add +55.6% GOOGL Alphabet Inc. Class A 30,178 $8.7M Add +1.6% MSFT Microsoft Corp. 21,154 $7.8M Add +56.6% ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 4,051 $5.4M Reduce -49.1% RLI Rli Corp. 79,058 $4.5M Reduce -19.7% MA Mastercard Inc. Class A 8,692 $4.3M Reduce -23.9% STLD Steel Dynamics Inc. 23,104 $4.2M Reduce -10.6% SPGI S&P Global Inc. 9,546 $4.1M Reduce -23.8% CMI Cummins Inc. 7,269 $3.9M Reduce -6.7% ODFL Old Dominion Freight Line 19,361 $3.8M Reduce -41.3% DE Deere & Co. 6,610 $3.7M Reduce -50.4% AXP American Express Co. 12,093 $3.7M Add +1.8% AMAT Applied Materials Inc. 9,422 $3.2M Reduce -38.9% JPM JPMorgan Chase & Co. 10,104 $3.0M Add +401.2% INTU Intuit Inc. 6,853 $3.0M Add +4.2% JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 14,393 $2.3M Reduce -40.7% LRCX Lam Research Corp. 9,489 $2.0M Add +82.5% TXN Texas Instruments Inc. 8,896 $1.7M Reduce -52.5% KLAC KLA Corp. 1,060 $1.6M Reduce -21.0% ADI Analog Devices Inc. 4,832 $1.5M New AMD Advanced Micro Devices 7,121 $1.4M New CDNS Cadence Design SYS Inc. 4,513 $1.3M Add +104.0% CAT Caterpillar Inc. 1,732 $1.2M New GE General Electric filed as GE AEROSPACE 4,306 $1.2M Add +53.7% SNPS Synopsys Inc. 3,069 $1.2M New IVV iShares Core S&P 500 ETF 1,527 $997K Add +0.2% LLY Eli Lilly & Co. 1,030 $947K Reduce -9.2% MRK Merck & Co. Inc. 7,836 $943K Reduce -23.3% CRM Salesforce Inc. 4,479 $836K Add +67.6% DAL Delta Air Lines Inc. 11,768 $782K New BSX Boston Scientific Corp. 12,146 $762K New ADSK Autodesk Inc. 2,814 $674K New CSCO Cisco Systems Inc. 8,500 $660K New PG The Procter & Gamble Co. 4,418 $638K New GEV GE Vernova Inc. 724 $632K New ROP Roper Technologies Inc. 1,737 $615K Add +34.6% BKR Baker Hughes Co. 9,420 $575K New JNJ Johnson & Johnson 2,119 $518K New SLB SLB Ltd. filed as SLB LIMITED 9,728 $500K New ADBE Adobe Inc. 1,733 $421K New TRV The Travelers Cos Inc. 1,433 $418K New SYK Stryker Corp. 1,247 $410K New MSI Motorola Solutions Inc. 928 $403K New CL Colgate-Palmolive Co. 4,716 $402K New NOW ServiceNow Inc. 3,804 $398K New FDS Factset Research Systems Inc. 1,767 $383K New NVO Novo-Nordisk A/S-Spons ADR 9,710 $357K Reduce -66.9% NKE Nike Inc. Class B 6,705 $354K New LULU Lululemon Athletica Inc. 2,294 $351K New TT Trane Technologies PLC 200 $83K No change GEHC GE Healthcare Technology 541 $39K New BRK.B Berkshire Hathaway Inc. Class B 14 $7K New
Options reported separately and not counted above: SPY puts ($7.9M).
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ ASML ASML Holding NV-NY Reg SHS Reduce -49.1% 4.68% −2.78 SPGI S&P Global Inc. Reduce -23.8% 3.55% −2.19 DE Deere & Co. Reduce -50.4% 3.26% −2.19 MA Mastercard Inc. Class A Reduce -23.9% 3.80% −1.92 JKHY Jack Henry & Associates Inc. Reduce -40.7% 1.99% −1.89 RLI Rli Corp. Reduce -19.7% 3.95% −1.58 TXN Texas Instruments Inc. Reduce -52.5% 1.51% −1.34 ODFL Old Dominion Freight Line Reduce -41.3% 3.31% −1.23 NVO Novo-Nordisk A/S-Spons ADR Reduce -66.9% 0.31% −1.00 AMAT Applied Materials Inc. Reduce -38.9% 2.82% −0.66 ISRG Intuitive Surgical Inc. Sold out 0.00% −0.65 FICO Fair Isaac Corp. Sold out 0.00% −0.63 URI United Rentals Inc. Sold out 0.00% −0.62 COST Costco Wholesale Corp. Sold out 0.00% −0.54 NFLX Netflix Inc. Sold out 0.00% −0.44 LLY Eli Lilly & Co. Reduce -9.2% 0.83% −0.24 STLD Steel Dynamics Inc. Reduce -10.6% 3.64% −0.20 RSP Invesco S&P 500 Equal Weight Sold out 0.00% −0.19 MRK Merck & Co. Inc. Reduce -23.3% 0.83% −0.12 CMI Cummins Inc. Reduce -6.7% 3.42% −0.06 KLAC KLA Corp. Reduce -21.0% 1.37% −0.06
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ AAPL Apple Inc. Add +55.6% 9.23% +2.86 NVDA Nvidia Corp. Add +37.6% 9.56% +2.12 JPM JPMorgan Chase & Co. Add +401.2% 2.60% +2.03 ADI Analog Devices Inc. New 1.35% +1.35 AMD Advanced Micro Devices New 1.27% +1.27 MSFT Microsoft Corp. Add +56.6% 6.85% +1.12 CAT Caterpillar Inc. New 1.07% +1.07 SNPS Synopsys Inc. New 1.07% +1.07 LRCX Lam Research Corp. Add +82.5% 1.77% +0.99 DAL Delta Air Lines Inc. New 0.68% +0.68 BSX Boston Scientific Corp. New 0.67% +0.67 ADSK Autodesk Inc. New 0.59% +0.59 CSCO Cisco Systems Inc. New 0.58% +0.58 PG The Procter & Gamble Co. New 0.56% +0.56 GEV GE Vernova Inc. New 0.55% +0.55 BKR Baker Hughes Co. New 0.50% +0.50 CDNS Cadence Design SYS Inc. Add +104.0% 1.10% +0.49 JNJ Johnson & Johnson New 0.45% +0.45 SLB SLB Ltd. New 0.44% +0.44 ADBE Adobe Inc. New 0.37% +0.37 TRV The Travelers Cos Inc. New 0.37% +0.37 SYK Stryker Corp. New 0.36% +0.36 MSI Motorola Solutions Inc. New 0.35% +0.35 CL Colgate-Palmolive Co. New 0.35% +0.35 NOW ServiceNow Inc. New 0.35% +0.35 FDS Factset Research Systems Inc. New 0.34% +0.34 GE General Electric Add +53.7% 1.07% +0.31 NKE Nike Inc. Class B New 0.31% +0.31 LULU Lululemon Athletica Inc. New 0.31% +0.31 CRM Salesforce Inc. Add +67.6% 0.73% +0.11 ROP Roper Technologies Inc. Add +34.6% 0.54% +0.03 GEHC GE Healthcare Technology New 0.03% +0.03 BRK.B Berkshire Hathaway Inc. Class B New 0.01% +0.01 IVV iShares Core S&P 500 ETF Add +0.2% 0.87% −0.04 GOOGL Alphabet Inc. Class A Add +1.6% 7.60% −0.56 AXP American Express Co. Add +1.8% 3.20% −0.65 INTU Intuit Inc. Add +4.2% 2.59% −1.23
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Add +1.7% 12,100 $7.9M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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