Nepsis Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed July 14, 2025), Nepsis Inc. reported 29 stock positions worth $359.2 million. Its top holding was Uber Technologies (UBER) at 5.8% of the portfolio, followed by Super Micro Computer (SMCI, 5.5%) and Advanced Micro Devices (AMD, 5.3%). Compared with Q1 2025, it reduced 29. The biggest sale was Devon Energy (DVN, shares −18%).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0001587643
- Portfolio Value
- $359.2M (Q2 2025)
- SEC Filing
- 0001085146-25-003791 ↗ filed Jul 14, 2025
Holdings Value
Holdings 29 stocks · $359.2M
| UBER Uber Technologies Inc. | 5.79% | 222,924 | $20.8M | Reduce -19.8% |
| SMCI Super Micro Computer Inc. | 5.48% | 401,439 | $19.7M | Reduce -19.1% |
| AMD Advanced Micro Devices | 5.32% | 134,635 | $19.1M | Reduce -17.4% |
| V Visa Inc. Class A | 5.27% | 53,272 | $18.9M | Reduce -17.9% |
| CB Chubb Ltd. | 4.97% | 61,648 | $17.9M | Reduce -18.0% |
| MA Mastercard Inc. Class A | 4.95% | 31,638 | $17.8M | Reduce -18.0% |
| SNOW Snowflake Inc. | 4.81% | 77,175 | $17.3M | Reduce -18.2% |
| DVN Devon Energy Corp. | 4.61% | 520,336 | $16.6M | Reduce -18.4% |
| SHOP Shopify Inc. Class A | 4.51% | 140,469 | $16.2M | Reduce -20.1% |
| RNR Renaissancere Holdings Ltd. | 4.50% | 66,475 | $16.1M | Reduce -17.3% |
| RLI Rli Corp. | 4.45% | 221,494 | $16.0M | Reduce -18.4% |
| AMGN Amgen Inc. | 4.35% | 55,998 | $15.6M | Reduce -18.6% |
| AIG American International Group | 3.91% | 163,952 | $14.0M | Reduce -16.2% |
| CYBR Cyberark Software Ltd./Israel | 3.88% | 34,236 | $13.9M | Reduce -23.6% |
| UTHR United Therapeutics Corp. | 3.82% | 47,772 | $13.7M | Reduce -18.4% |
| ARM Arm Holdings PLC-ADR | 3.77% | 83,720 | $13.5M | Reduce -2.6% |
| CI The Cigna Group | 3.74% | 40,690 | $13.5M | Reduce -24.0% |
| RDDT Reddit Inc. Class A | 3.74% | 89,256 | $13.4M | Reduce -8.1% |
| ANET Arista Networks Inc. | 3.56% | 124,862 | $12.8M | Reduce -11.5% |
| WBD Warner Bros Discovery Inc. | 3.09% | 969,412 | $11.1M | Reduce -30.5% |
| CAVA Cava Group Inc. | 2.87% | 122,413 | $10.3M | Reduce -9.4% |
| BMY Bristol-Myers Squibb Co. | 2.75% | 213,518 | $9.9M | Reduce -5.0% |
| HCAT Health Catalyst Inc. | 1.81% | 1,725,065 | $6.5M | Reduce -17.5% |
| NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC | 1.04% | 53,434 | $3.7M | Reduce -12.1% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.91% | 31,994 | $3.3M | Reduce -22.1% |
| SO The Southern Co. | 0.85% | 33,191 | $3.0M | Reduce -25.2% |
| GIS General Mills Inc. | 0.59% | 40,852 | $2.1M | Reduce -26.1% |
| DUK Duke Energy Corp. | 0.36% | 11,061 | $1.3M | Reduce -25.0% |
| JPST JPMorgan Ultra-Short Income | 0.30% | 21,057 | $1.1M | Reduce -54.7% |
Portfolio Sells Q1 2025 → Q2 2025
| DVN Devon Energy Corp. | Reduce -18.4% | 4.61% | −1.28 |
| AMGN Amgen Inc. | Reduce -18.6% | 4.35% | −0.94 |
| RLI Rli Corp. | Reduce -18.4% | 4.45% | −0.93 |
| UTHR United Therapeutics Corp. | Reduce -18.4% | 3.82% | −0.64 |
| CB Chubb Ltd. | Reduce -18.0% | 4.97% | −0.63 |
| BMY Bristol-Myers Squibb Co. | Reduce -5.0% | 2.75% | −0.63 |
| CI The Cigna Group | Reduce -24.0% | 3.74% | −0.60 |
| WBD Warner Bros Discovery Inc. | Reduce -30.5% | 3.09% | −0.60 |
| HCAT Health Catalyst Inc. | Reduce -17.5% | 1.81% | −0.53 |
| V Visa Inc. Class A | Reduce -17.9% | 5.27% | −0.35 |
| AIG American International Group | Reduce -16.2% | 3.91% | −0.29 |
| JPST JPMorgan Ultra-Short Income | Reduce -54.7% | 0.30% | −0.28 |
| MA Mastercard Inc. Class A | Reduce -18.0% | 4.95% | −0.27 |
| RNR Renaissancere Holdings Ltd. | Reduce -17.3% | 4.50% | −0.27 |
| GIS General Mills Inc. | Reduce -26.1% | 0.59% | −0.23 |
| SO The Southern Co. | Reduce -25.2% | 0.85% | −0.16 |
| DUK Duke Energy Corp. | Reduce -25.0% | 0.36% | −0.08 |
| NHI Natl Health Investors Inc. | Reduce -12.1% | 1.04% | −0.07 |
| CAVA Cava Group Inc. | Reduce -9.4% | 2.87% | −0.01 |
| IRM Iron Mountain Inc. | Reduce -22.1% | 0.91% | +0.04 |
| CYBR Cyberark Software Ltd./Israel | Reduce -23.6% | 3.88% | +0.14 |
| SHOP Shopify Inc. Class A | Reduce -20.1% | 4.51% | +0.37 |
| UBER Uber Technologies Inc. | Reduce -19.8% | 5.79% | +0.79 |
| ANET Arista Networks Inc. | Reduce -11.5% | 3.56% | +0.86 |
| AMD Advanced Micro Devices | Reduce -17.4% | 5.32% | +1.19 |
| RDDT Reddit Inc. Class A | Reduce -8.1% | 3.74% | +1.23 |
| SMCI Super Micro Computer Inc. | Reduce -19.1% | 5.48% | +1.28 |
| SNOW Snowflake Inc. | Reduce -18.2% | 4.81% | +1.40 |
| ARM Arm Holdings PLC-ADR | Reduce -2.6% | 3.77% | +1.50 |
Portfolio Buys Q1 2025 → Q2 2025
| None this quarter. | |||
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 |