Karani Asset Management LLC

Long Only Manager

Karani Asset Management LLC is a Long Only Manager based in New York, NY led by Richard Lyman Bayles, reporting $130.3M in AUM as of Q3 2025 with 37% Technology concentration and 60% concentrated in top 10 holdings.

Managing PartnerRichard Lyman Bayles

Portfolio Value: $117.1M
Positions: 36
Top Holding: NVDA at 9.47%
Last Reported: Q3 2025

Address250 West 55th Street, 17th Floor, New York, NY, 10019, United States

Top Holdings

Largest long holdings in Karani Asset Management LLC's portfolio (59.8% of total portfolio)

See all holdings

GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 Nvidia NVDA	Semiconductors Technology	$11.1M	9.47%	+$802.5K Bought	0.00% 59.4K shares	Q4 2024 Held for 11 months
2 Alphabet Inc. GOOGL	Internet Content & Information Communication Services	$9.0M	7.68%	+$1.2M Bought	0.00% 37.0K shares	Q4 2024 Held for 11 months
3 ASML ASML ASML	Unknown Unknown	$8.0M	6.82%	+$1.9M Bought	— 8.3K shares	Q4 2024 Held for 11 months
4 Microsoft MSFT	Software - Infrastructure Technology	$7.3M	6.21%	+$734.5K Bought	0.00% 14.0K shares	Q4 2024 Held for 11 months
5 Apple AAPL	Consumer Electronics Technology	$6.8M	5.77%	+$640.6K Bought	0.00% 26.6K shares	Q4 2024 Held for 11 months
6 Mastercard MA	Financial - Credit Services Financial Services	$6.7M	5.74%	+$306.6K Bought	0.00% 11.8K shares	Q4 2024 Held for 11 months
7 RLI RLI	Insurance - Property & Casualty Financial Services	$6.0M	5.11%	+$1.3M Bought	0.10% 91.8K shares	Q4 2024 Held for 11 months
8 Pultegroup PHM	Residential Construction Consumer Cyclical	$5.4M	4.63%	+$162.5K Bought	0.02% 41.0K shares	Q4 2024 Held for 11 months
9 Deere & Company DE	Agricultural - Machinery Industrials	$5.1M	4.32%	+$846.8K Bought	0.00% 11.1K shares	Q4 2024 Held for 11 months
10 KKR & Co. KKR	Asset Management Financial Services	$4.8M	4.07%	-$723.3K Sold	0.00% 36.7K shares	Q4 2024 Held for 11 months

See all holdings

GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Karani Asset Management LLC's latest filing

See all changes

GthenC

Market Value

$117.1M

Prior: $103.2M

Q/Q Change

+13.43%

+$13.9M

Net Flows % of MV

+5.77%

Turnover Ratio

12.24%

New Purchases

3 stocks

$1.7M

Added To

23 stocks

+$16.0M

Sold Out Of

6 stocks

$7.3M

Reduced Holdings

7 stocks

-$3.7M

Increased Positions

Position	Shares Δ	Change
1 United Rentals URI	New	0 → 872.0 +$832.5K
2 Intuitive Surgical ISRG	New	0 → 1.3K +$589.4K
3 Invesco S&P 500 Equal Weight ETF RSP	New	0 → 1.4K +$265.2K
4 Old Dominion Freight Line ODFL	+442.12%	4.2K → 22.7K +$2.6M
5 Netflix NFLX	+116.27%	252.0 → 545.0 +$351.3K

Decreased Positions

Position	Shares Δ	Change
1 Adobe ADBE	Sold	8.5K → 0 −$3.3M
2 Visa V	Sold	6.8K → 0 −$2.4M
3 Berkshire Hathaway BRK.B	Sold	1.9K → 0 −$942.9K
4 W.W. Grainger GWW	Sold	311.0 → 0 −$323.5K
5 Cisco Systems, Inc. CSCO	Sold	3.9K → 0 −$267.5K