Nepsis Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed April 12, 2024), Nepsis Inc. reported 28 stock positions worth $369.6 million. Its top holding was Advanced Micro Devices (AMD) at 6.6% of the portfolio, followed by Shopify Class A (SHOP, 6.3%) and Renaissancere (RNR, 5.7%). Compared with Q4 2023, it opened 2 new positions, sold out of 2, added to 11 and reduced 15. The biggest buy was a new position in Applied Materials (AMAT) and the biggest sale an exit from Riot Platforms (RIOT).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0001587643
- Portfolio Value
- $369.6M (Q1 2024)
- SEC Filing
- 0001085146-24-001790 ↗ filed Apr 12, 2024
Holdings Value
Holdings 28 stocks · $369.6M
| AMD Advanced Micro Devices | 6.65% | 136,181 | $24.6M | Reduce -10.8% |
| SHOP Shopify Inc. Class A | 6.32% | 302,735 | $23.4M | Reduce -9.0% |
| RNR Renaissancere Holdings Ltd. | 5.74% | 90,241 | $21.2M | Add +2.5% |
| DVN Devon Energy Corp. | 5.71% | 420,914 | $21.1M | Add +1.7% |
| QCOM Qualcomm Inc. | 5.59% | 121,960 | $20.6M | Add +1.3% |
| AIG American International Group | 5.55% | 262,346 | $20.5M | Reduce -7.2% |
| GOOG Alphabet Inc. Class C | 5.38% | 130,553 | $19.9M | Add +13.5% |
| CB Chubb Ltd. | 4.72% | 67,389 | $17.5M | Add +2.7% |
| MA Mastercard Inc. Class A | 4.70% | 36,094 | $17.4M | Reduce -1.3% |
| CI The Cigna Group | 4.52% | 46,005 | $16.7M | Reduce -7.7% |
| V Visa Inc. Class A | 4.48% | 59,377 | $16.6M | Reduce -1.0% |
| PETQ Petiq Inc. | 4.44% | 898,169 | $16.4M | Reduce -0.6% |
| FANG Diamondback Energy Inc. | 4.37% | 81,555 | $16.2M | Reduce -4.0% |
| AMGN Amgen Inc. | 4.25% | 55,317 | $15.7M | Reduce -2.5% |
| CYBR Cyberark Software Ltd./Israel | 3.86% | 53,736 | $14.3M | Reduce -19.1% |
| RLI Rli Corp. | 3.67% | 91,455 | $13.6M | Add +29.2% |
| BMY Bristol-Myers Squibb Co. | 3.47% | 236,281 | $12.8M | Add +14.6% |
| FFIV F5 Inc. | 3.19% | 62,198 | $11.8M | Reduce -16.2% |
| WBD Warner Bros Discovery Inc. | 2.83% | 1,196,614 | $10.4M | Add +13.6% |
| AMAT Applied Materials Inc. | 2.68% | 47,998 | $9.9M | New |
| HCAT Health Catalyst Inc. | 2.36% | 1,157,394 | $8.7M | Add +6.0% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 1.49% | 68,735 | $5.5M | Add +3.0% |
| GIS General Mills Inc. | 1.17% | 61,853 | $4.3M | Reduce -1.8% |
| NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC | 0.99% | 58,016 | $3.6M | Reduce -2.3% |
| SO The Southern Co. | 0.82% | 42,133 | $3.0M | Add +69.6% |
| JPST JPMorgan Ultra-Short Income | 0.53% | 38,962 | $2.0M | Reduce -2.6% |
| DUK Duke Energy Corp. | 0.44% | 16,639 | $1.6M | Reduce -1.6% |
| ORCL Oracle Corp. | 0.08% | 2,428 | $305K | New |
Portfolio Sells Q4 2023 → Q1 2024
| RIOT Riot Platforms Inc. | Sold out | 0.00% | −5.17 |
| SHOP Shopify Inc. Class A | Reduce -9.0% | 6.32% | −1.06 |
| PETQ Petiq Inc. | Reduce -0.6% | 4.44% | −0.64 |
| FFIV F5 Inc. | Reduce -16.2% | 3.19% | −0.59 |
| AMGN Amgen Inc. | Reduce -2.5% | 4.25% | −0.40 |
| CYBR Cyberark Software Ltd./Israel | Reduce -19.1% | 3.86% | −0.28 |
| JPST JPMorgan Ultra-Short Income | Reduce -2.6% | 0.53% | −0.04 |
| DUK Duke Energy Corp. | Reduce -1.6% | 0.44% | −0.03 |
| ROII Riskon International Inc. | Sold out | 0.00% | −0.01 |
| GIS General Mills Inc. | Reduce -1.8% | 1.17% | +0.00 |
| V Visa Inc. Class A | Reduce -1.0% | 4.48% | +0.03 |
| NHI Natl Health Investors Inc. | Reduce -2.3% | 0.99% | +0.04 |
| AIG American International Group | Reduce -7.2% | 5.55% | +0.10 |
| AMD Advanced Micro Devices | Reduce -10.8% | 6.65% | +0.24 |
| MA Mastercard Inc. Class A | Reduce -1.3% | 4.70% | +0.26 |
| CI The Cigna Group | Reduce -7.7% | 4.52% | +0.27 |
| FANG Diamondback Energy Inc. | Reduce -4.0% | 4.37% | +0.62 |
Portfolio Buys Q4 2023 → Q1 2024
| AMAT Applied Materials Inc. | New | 2.68% | +2.68 |
| RLI Rli Corp. | Add +29.2% | 3.67% | +0.99 |
| RNR Renaissancere Holdings Ltd. | Add +2.5% | 5.74% | +0.82 |
| GOOG Alphabet Inc. Class C | Add +13.5% | 5.38% | +0.76 |
| QCOM Qualcomm Inc. | Add +1.3% | 5.59% | +0.63 |
| CB Chubb Ltd. | Add +2.7% | 4.72% | +0.50 |
| BMY Bristol-Myers Squibb Co. | Add +14.6% | 3.47% | +0.45 |
| DVN Devon Energy Corp. | Add +1.7% | 5.71% | +0.38 |
| SO The Southern Co. | Add +69.6% | 0.82% | +0.32 |
| IRM Iron Mountain Inc. | Add +3.0% | 1.49% | +0.16 |
| ORCL Oracle Corp. | New | 0.08% | +0.08 |
| HCAT Health Catalyst Inc. | Add +6.0% | 2.36% | −0.52 |
| WBD Warner Bros Discovery Inc. | Add +13.6% | 2.83% | −0.59 |
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 |