Nepsis Inc.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed July 15, 2024), Nepsis Inc. reported 28 stock positions worth $370.9 million. Its top holding was Advanced Micro Devices (AMD) at 6.8% of the portfolio, followed by Qualcomm (QCOM, 6.4%) and Alphabet Class C (GOOG, 6.1%). Compared with Q1 2024, it opened 1 new position, sold out of 1, added to 17 and reduced 9. The biggest buy was a new position in Cava (CAVA) and the biggest sale Bristol-Myers Squibb (BMY, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0001587643
- Portfolio Value
- $370.9M (Q2 2024)
- SEC Filing
- 0001085146-24-002974 ↗ filed Jul 15, 2024
Holdings Value
Holdings 28 stocks · $370.9M
| AMD Advanced Micro Devices | 6.75% | 154,376 | $25.0M | Add +13.4% |
| QCOM Qualcomm Inc. | 6.43% | 119,734 | $23.8M | Reduce -1.8% |
| GOOG Alphabet Inc. Class C | 6.10% | 123,336 | $22.6M | Reduce -5.5% |
| DVN Devon Energy Corp. | 5.63% | 440,565 | $20.9M | Add +4.7% |
| SHOP Shopify Inc. Class A | 5.50% | 308,807 | $20.4M | Add +2.0% |
| RNR Renaissancere Holdings Ltd. | 5.49% | 91,072 | $20.4M | Add +0.9% |
| PETQ Petiq Inc. | 5.36% | 901,425 | $19.9M | Add +0.4% |
| AIG American International Group | 5.25% | 262,138 | $19.5M | Reduce -0.1% |
| CB Chubb Ltd. | 4.87% | 70,802 | $18.1M | Add +5.1% |
| AMGN Amgen Inc. | 4.72% | 55,980 | $17.5M | Add +1.2% |
| FANG Diamondback Energy Inc. | 4.48% | 82,962 | $16.6M | Add +1.7% |
| MA Mastercard Inc. Class A | 4.36% | 36,654 | $16.2M | Add +1.6% |
| AMAT Applied Materials Inc. | 4.34% | 68,249 | $16.1M | Add +42.2% |
| V Visa Inc. Class A | 4.27% | 60,301 | $15.8M | Add +1.6% |
| CI The Cigna Group | 4.10% | 46,041 | $15.2M | Add +0.1% |
| CYBR Cyberark Software Ltd./Israel | 4.10% | 55,644 | $15.2M | Add +3.5% |
| RLI Rli Corp. | 3.95% | 104,216 | $14.7M | Add +13.9% |
| CAVA Cava Group Inc. | 3.53% | 141,127 | $13.1M | New |
| WBD Warner Bros Discovery Inc. | 2.87% | 1,432,766 | $10.7M | Add +19.7% |
| HCAT Health Catalyst Inc. | 2.16% | 1,253,080 | $8.0M | Add +8.3% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 1.70% | 70,251 | $6.3M | Add +2.2% |
| NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC | 1.04% | 56,988 | $3.9M | Reduce -1.8% |
| GIS General Mills Inc. | 1.04% | 60,956 | $3.9M | Reduce -1.4% |
| SO The Southern Co. | 0.86% | 41,255 | $3.2M | Reduce -2.1% |
| JPST JPMorgan Ultra-Short Income | 0.51% | 37,592 | $1.9M | Reduce -3.5% |
| DUK Duke Energy Corp. | 0.44% | 16,298 | $1.6M | Reduce -2.0% |
| ORCL Oracle Corp. | 0.09% | 2,428 | $343K | No change |
| BMY Bristol-Myers Squibb Co. | 0.06% | 5,690 | $236K | Reduce -97.6% |
Portfolio Sells Q1 2024 → Q2 2024
| BMY Bristol-Myers Squibb Co. | Reduce -97.6% | 0.06% | −3.40 |
| FFIV F5 Inc. | Sold out | 0.00% | −3.19 |
| AIG American International Group | Reduce -0.1% | 5.25% | −0.30 |
| GIS General Mills Inc. | Reduce -1.4% | 1.04% | −0.13 |
| JPST JPMorgan Ultra-Short Income | Reduce -3.5% | 0.51% | −0.02 |
| DUK Duke Energy Corp. | Reduce -2.0% | 0.44% | +0.01 |
| SO The Southern Co. | Reduce -2.1% | 0.86% | +0.04 |
| NHI Natl Health Investors Inc. | Reduce -1.8% | 1.04% | +0.05 |
| GOOG Alphabet Inc. Class C | Reduce -5.5% | 6.10% | +0.72 |
| QCOM Qualcomm Inc. | Reduce -1.8% | 6.43% | +0.84 |
Portfolio Buys Q1 2024 → Q2 2024
| CAVA Cava Group Inc. | New | 3.53% | +3.53 |
| AMAT Applied Materials Inc. | Add +42.2% | 4.34% | +1.66 |
| PETQ Petiq Inc. | Add +0.4% | 5.36% | +0.92 |
| AMGN Amgen Inc. | Add +1.2% | 4.72% | +0.46 |
| RLI Rli Corp. | Add +13.9% | 3.95% | +0.28 |
| CYBR Cyberark Software Ltd./Israel | Add +3.5% | 4.10% | +0.24 |
| IRM Iron Mountain Inc. | Add +2.2% | 1.70% | +0.21 |
| CB Chubb Ltd. | Add +5.1% | 4.87% | +0.14 |
| FANG Diamondback Energy Inc. | Add +1.7% | 4.48% | +0.11 |
| AMD Advanced Micro Devices | Add +13.4% | 6.75% | +0.10 |
| WBD Warner Bros Discovery Inc. | Add +19.7% | 2.87% | +0.05 |
| DVN Devon Energy Corp. | Add +4.7% | 5.63% | −0.08 |
| HCAT Health Catalyst Inc. | Add +8.3% | 2.16% | −0.20 |
| V Visa Inc. Class A | Add +1.6% | 4.27% | −0.22 |
| RNR Renaissancere Holdings Ltd. | Add +0.9% | 5.49% | −0.25 |
| MA Mastercard Inc. Class A | Add +1.6% | 4.36% | −0.34 |
| CI The Cigna Group | Add +0.1% | 4.10% | −0.42 |
| SHOP Shopify Inc. Class A | Add +2.0% | 5.50% | −0.82 |
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 |