Nepsis Inc.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed July 14, 2026), Nepsis Inc. reported 28 stock positions worth $294.8 million. Its top holding was Advanced Micro Devices (AMD) at 5.9% of the portfolio, followed by Amgen (AMGN, 5.8%) and Rli (RLI, 5.7%). Compared with Q1 2026, it opened 2 new positions, sold out of 3, added to 11 and reduced 15. The biggest buy was a new position in ServiceNow (NOW) and the biggest sale an exit from EOG Resources (EOG).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0001587643
- Portfolio Value
- $294.8M (Q2 2026)
- SEC Filing
- 0001587643-26-000004 ↗ filed Jul 14, 2026
Holdings Value
Holdings 28 stocks · $294.8M
| AMD Advanced Micro Devices | 5.93% | 30,099 | $17.5M | Reduce -61.1% |
| AMGN Amgen Inc. | 5.76% | 46,923 | $17.0M | Reduce -2.3% |
| RLI Rli Corp. | 5.66% | 282,589 | $16.7M | Reduce -0.0% |
| SNOW Snowflake Inc. | 5.62% | 65,123 | $16.6M | Add +17.9% |
| RNR Renaissancere Holdings Ltd. | 5.27% | 48,999 | $15.5M | Reduce -14.4% |
| CB Chubb Ltd. | 5.22% | 45,196 | $15.4M | Reduce -14.1% |
| DVN Devon Energy Corp. | 5.17% | 369,177 | $15.3M | Reduce -18.4% |
| BMY Bristol-Myers Squibb Co. | 5.05% | 258,510 | $14.9M | Reduce -1.4% |
| UTHR United Therapeutics Corp. | 5.01% | 27,273 | $14.8M | Reduce -35.4% |
| NOW ServiceNow Inc. | 4.73% | 140,346 | $13.9M | New |
| ANET Arista Networks Inc. | 4.65% | 80,753 | $13.7M | Add +2.6% |
| V Visa Inc. Class A | 4.51% | 38,742 | $13.3M | Reduce -13.8% |
| RDDT Reddit Inc. Class A | 4.19% | 71,129 | $12.3M | Add +30.8% |
| SHOP Shopify Inc. Class A | 4.14% | 107,028 | $12.2M | Add +4.6% |
| UBER Uber Technologies Inc. | 4.14% | 169,142 | $12.2M | Add +18.2% |
| MA Mastercard Inc. Class A | 4.13% | 23,692 | $12.2M | Reduce -11.7% |
| SMCI Super Micro Computer Inc. | 3.87% | 389,097 | $11.4M | Add +8.6% |
| MDT Medtronic PLC | 3.82% | 143,946 | $11.3M | Add +60.9% |
| AIG American International Group | 3.76% | 148,819 | $11.1M | Reduce -5.0% |
| XE X-Energy Inc. | 2.31% | 370,212 | $6.8M | New |
| HCAT Health Catalyst Inc. | 2.01% | 2,976,187 | $5.9M | Add +58.6% |
| PDM Piedmont Realty Trust Inc. | 1.50% | 483,316 | $4.4M | Add +51.3% |
| NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC | 1.05% | 40,769 | $3.1M | Reduce -1.7% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.94% | 22,032 | $2.8M | Reduce -2.2% |
| SO The Southern Co. | 0.81% | 24,895 | $2.4M | Reduce -2.1% |
| DUK Duke Energy Corp. | 0.37% | 8,611 | $1.1M | Reduce -0.7% |
| JPST JPMorgan Ultra-Short Income | 0.27% | 15,480 | $783K | Add +0.5% |
| DSU BlackRock Debt Strategies | 0.10% | 29,646 | $288K | Add +68.0% |
Portfolio Sells Q1 2026 → Q2 2026
| EOG EOG Resources Inc. | Sold out | 0.00% | −4.80 |
| CI The Cigna Group | Sold out | 0.00% | −3.54 |
| UTHR United Therapeutics Corp. | Reduce -35.4% | 5.01% | −3.37 |
| PBR Petroleo Brasileiro-Spon ADR | Sold out | 0.00% | −3.35 |
| DVN Devon Energy Corp. | Reduce -18.4% | 5.17% | −2.45 |
| CB Chubb Ltd. | Reduce -14.1% | 5.22% | −0.52 |
| RNR Renaissancere Holdings Ltd. | Reduce -14.4% | 5.27% | −0.43 |
| MA Mastercard Inc. Class A | Reduce -11.7% | 4.13% | −0.36 |
| BMY Bristol-Myers Squibb Co. | Reduce -1.4% | 5.05% | −0.27 |
| AIG American International Group | Reduce -5.0% | 3.76% | −0.19 |
| NHI Natl Health Investors Inc. | Reduce -1.7% | 1.05% | −0.07 |
| V Visa Inc. Class A | Reduce -13.8% | 4.51% | −0.04 |
| SO The Southern Co. | Reduce -2.1% | 0.81% | −0.01 |
| DUK Duke Energy Corp. | Reduce -0.7% | 0.37% | −0.01 |
| AMGN Amgen Inc. | Reduce -2.3% | 5.76% | +0.10 |
| IRM Iron Mountain Inc. | Reduce -2.2% | 0.94% | +0.17 |
| RLI Rli Corp. | Reduce -0.0% | 5.66% | +0.26 |
| AMD Advanced Micro Devices | Reduce -61.1% | 5.93% | +0.66 |
Portfolio Buys Q1 2026 → Q2 2026
| NOW ServiceNow Inc. | New | 4.73% | +4.73 |
| SNOW Snowflake Inc. | Add +17.9% | 5.62% | +2.83 |
| XE X-Energy Inc. | New | 2.31% | +2.31 |
| RDDT Reddit Inc. Class A | Add +30.8% | 4.19% | +1.74 |
| ANET Arista Networks Inc. | Add +2.6% | 4.65% | +1.42 |
| MDT Medtronic PLC | Add +60.9% | 3.82% | +1.22 |
| HCAT Health Catalyst Inc. | Add +58.6% | 2.01% | +1.21 |
| SMCI Super Micro Computer Inc. | Add +8.6% | 3.87% | +1.14 |
| PDM Piedmont Realty Trust Inc. | Add +51.3% | 1.50% | +0.80 |
| UBER Uber Technologies Inc. | Add +18.2% | 4.14% | +0.69 |
| SHOP Shopify Inc. Class A | Add +4.6% | 4.14% | +0.08 |
| DSU BlackRock Debt Strategies | Add +68.0% | 0.10% | +0.04 |
| JPST JPMorgan Ultra-Short Income | Add +0.5% | 0.27% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 28 | $294.8M | AMD, AMGN, RLI, SNOW, RNR |
| Q1 2026 | 29 | $298.6M | UTHR, DVN, CB, RNR, AMGN |
| Q4 2025 | 30 | $323.6M | UTHR, RLI, DVN, CB, AMD |
| Q3 2025 | 30 | $315.3M | UTHR, AMD, SHOP, DVN, SMCI |
| Q2 2025 | 29 | $359.2M | UBER, SMCI, AMD, V, CB |
| Q1 2025 | 29 | $405.0M | DVN, V, CB, RLI, AMGN |
| Q4 2024 | 27 | $400.6M | RLI, QCOM, V, RNR, JPST |
| Q3 2024 | 29 | $422.0M | RNR, AMD, SHOP, CB, AIG |
| Q2 2024 | 28 | $370.9M | AMD, QCOM, GOOG, DVN, SHOP |
| Q1 2024 | 28 | $369.6M | AMD, SHOP, RNR, DVN, QCOM |