Nepsis Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 15, 2026), Nepsis Inc. reported 29 stock positions worth $298.6 million. Its top holding was United Therapeutics (UTHR) at 8.4% of the portfolio, followed by Devon Energy (DVN, 7.6%) and Chubb (CB, 5.7%). Compared with Q4 2025, it opened 2 new positions, sold out of 3, added to 4 and reduced 23. The biggest buy was a new position in EOG Resources (EOG) and the biggest sale an exit from Cava (CAVA).
- Most Recent 13F
- Q2 2026
- Location
- Minneapolis, MN
- CIK
- 0001587643
- Portfolio Value
- $298.6M (Q1 2026)
- SEC Filing
- 0001587643-26-000002 ↗ filed Apr 15, 2026
Holdings Value
Holdings 29 stocks · $298.6M
| UTHR United Therapeutics Corp. | 8.38% | 42,194 | $25.0M | Reduce -3.6% |
| DVN Devon Energy Corp. | 7.62% | 452,403 | $22.8M | Reduce -3.2% |
| CB Chubb Ltd. | 5.74% | 52,608 | $17.1M | Reduce -2.4% |
| RNR Renaissancere Holdings Ltd. | 5.70% | 57,218 | $17.0M | Reduce -2.5% |
| AMGN Amgen Inc. | 5.66% | 48,017 | $16.9M | Reduce -4.7% |
| RLI Rli Corp. | 5.40% | 282,653 | $16.1M | Reduce -2.3% |
| BMY Bristol-Myers Squibb Co. | 5.33% | 262,182 | $15.9M | Reduce -4.4% |
| AMD Advanced Micro Devices | 5.27% | 77,309 | $15.7M | Reduce -0.5% |
| EOG EOG Resources Inc. | 4.80% | 99,041 | $14.3M | New |
| V Visa Inc. Class A | 4.55% | 44,935 | $13.6M | Reduce -3.0% |
| MA Mastercard Inc. Class A | 4.49% | 26,841 | $13.4M | Reduce -2.4% |
| SHOP Shopify Inc. Class A | 4.07% | 102,338 | $12.1M | Add +3.3% |
| AIG American International Group | 3.95% | 156,640 | $11.8M | Reduce -1.7% |
| CI The Cigna Group | 3.54% | 39,627 | $10.6M | Reduce -7.6% |
| UBER Uber Technologies Inc. | 3.45% | 143,125 | $10.3M | Reduce -2.6% |
| PBR Petroleo Brasileiro-Spon ADR | 3.35% | 481,439 | $10.0M | New |
| ANET Arista Networks Inc. | 3.24% | 78,690 | $9.7M | Reduce -3.3% |
| SNOW Snowflake Inc. | 2.79% | 55,230 | $8.3M | Add +0.5% |
| SMCI Super Micro Computer Inc. | 2.73% | 358,411 | $8.2M | Reduce -1.1% |
| MDT Medtronic PLC | 2.60% | 89,439 | $7.7M | Add +0.8% |
| RDDT Reddit Inc. Class A | 2.45% | 54,383 | $7.3M | Reduce -0.5% |
| NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC | 1.12% | 41,490 | $3.4M | Reduce -2.6% |
| SO The Southern Co. | 0.82% | 25,420 | $2.5M | Reduce -1.4% |
| HCAT Health Catalyst Inc. | 0.80% | 1,876,289 | $2.4M | Reduce -2.1% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.77% | 22,530 | $2.3M | Reduce -2.4% |
| PDM Piedmont Realty Trust Inc. | 0.70% | 319,406 | $2.1M | Reduce -3.0% |
| DUK Duke Energy Corp. | 0.38% | 8,675 | $1.1M | Reduce -1.6% |
| JPST JPMorgan Ultra-Short Income | 0.26% | 15,407 | $780K | Add +6.7% |
| DSU BlackRock Debt Strategies | 0.06% | 17,646 | $169K | Reduce -8.0% |
Portfolio Sells Q4 2025 → Q1 2026
| CAVA Cava Group Inc. | Sold out | 0.00% | −3.20 |
| COIN Coinbase Global Inc. Class A | Sold out | 0.00% | −2.98 |
| AAON Aaon Inc. | Sold out | 0.00% | −2.77 |
| RDDT Reddit Inc. Class A | Reduce -0.5% | 2.45% | −1.43 |
| HCAT Health Catalyst Inc. | Reduce -2.1% | 0.80% | −0.62 |
| SMCI Super Micro Computer Inc. | Reduce -1.1% | 2.73% | −0.54 |
| V Visa Inc. Class A | Reduce -3.0% | 4.55% | −0.47 |
| MA Mastercard Inc. Class A | Reduce -2.4% | 4.49% | −0.36 |
| RLI Rli Corp. | Reduce -2.3% | 5.40% | −0.32 |
| AIG American International Group | Reduce -1.7% | 3.95% | −0.27 |
| UBER Uber Technologies Inc. | Reduce -2.6% | 3.45% | −0.26 |
| PDM Piedmont Realty Trust Inc. | Reduce -3.0% | 0.70% | −0.15 |
| CI The Cigna Group | Reduce -7.6% | 3.54% | −0.11 |
| ANET Arista Networks Inc. | Reduce -3.3% | 3.24% | −0.06 |
| DSU BlackRock Debt Strategies | Reduce -8.0% | 0.06% | −0.00 |
| DUK Duke Energy Corp. | Reduce -1.6% | 0.38% | +0.06 |
| NHI Natl Health Investors Inc. | Reduce -2.6% | 1.12% | +0.12 |
| AMD Advanced Micro Devices | Reduce -0.5% | 5.27% | +0.12 |
| SO The Southern Co. | Reduce -1.4% | 0.82% | +0.13 |
| IRM Iron Mountain Inc. | Reduce -2.4% | 0.77% | +0.18 |
| CB Chubb Ltd. | Reduce -2.4% | 5.74% | +0.54 |
| AMGN Amgen Inc. | Reduce -4.7% | 5.66% | +0.56 |
| RNR Renaissancere Holdings Ltd. | Reduce -2.5% | 5.70% | +0.60 |
| BMY Bristol-Myers Squibb Co. | Reduce -4.4% | 5.33% | +0.76 |
| UTHR United Therapeutics Corp. | Reduce -3.6% | 8.38% | +1.79 |
| DVN Devon Energy Corp. | Reduce -3.2% | 7.62% | +2.33 |
Portfolio Buys Q4 2025 → Q1 2026
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 |