# Nepsis Inc.

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1587643. Source: https://holderbook.com/funds/1587643-nepsis-inc/

- Reported value: $294.8M
- Positions: 28
- Weight of the ten largest: 53.4%
- Filed: 2026-07-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $17.5M | 30,099 | 5.9% | 30 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $17.0M | 46,923 | 5.8% | 13 |
| RLI CORP | [RLI](https://holderbook.com/stocks/RLI/) | $16.7M | 282,589 | 5.7% | 11 |
| SNOWFLAKE INC | [SNOW](https://holderbook.com/stocks/SNOW/) | $16.6M | 65,123 | 5.6% | 6 |
| RENAISSANCERE HLDGS LTD | [RNR](https://holderbook.com/stocks/RNR/) | $15.5M | 48,999 | 5.3% | 31 |
| CHUBB LIMITED | [CB](https://holderbook.com/stocks/CB/) | $15.4M | 45,196 | 5.2% | 31 |
| DEVON ENERGY CORP NEW | [DVN](https://holderbook.com/stocks/DVN/) | $15.3M | 369,177 | 5.2% | 24 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $14.9M | 258,510 | 5.1% | 6 |
| UNITED THERAPEUTICS CORP DEL | [UTHR](https://holderbook.com/stocks/UTHR/) | $14.8M | 27,273 | 5.0% | 8 |
| SERVICENOW INC | [NOW](https://holderbook.com/stocks/NOW/) | $13.9M | 140,346 | 4.7% | 1 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $13.7M | 80,753 | 4.7% | 6 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $13.3M | 38,742 | 4.5% | 31 |
| REDDIT INC | [RDDT](https://holderbook.com/stocks/RDDT/) | $12.3M | 71,129 | 4.2% | 6 |
| SHOPIFY INC | [SHOP](https://holderbook.com/stocks/SHOP/) | $12.2M | 107,028 | 4.1% | 18 |
| UBER TECHNOLOGIES INC | [UBER](https://holderbook.com/stocks/UBER/) | $12.2M | 169,142 | 4.1% | 6 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $12.2M | 23,692 | 4.1% | 31 |
| SUPER MICRO COMPUTER INC | [SMCI](https://holderbook.com/stocks/SMCI/) | $11.4M | 389,097 | 3.9% | 7 |
| MEDTRONIC PLC | [MDT](https://holderbook.com/stocks/MDT/) | $11.3M | 143,946 | 3.8% | 3 |
| AMERICAN INTL GROUP INC | [AIG](https://holderbook.com/stocks/AIG/) | $11.1M | 148,819 | 3.8% | 31 |
| X-ENERGY INC | [XE](https://holderbook.com/stocks/XE/) | $6.8M | 370,212 | 2.3% | 1 |
| HEALTH CATALYST INC | [HCAT](https://holderbook.com/stocks/HCAT/) | $5.9M | 2,976,187 | 2.0% | 16 |
| PIEDMONT REALTY TRUST INC | [PDM](https://holderbook.com/stocks/PDM/) | $4.4M | 483,316 | 1.5% | 4 |
| NATIONAL HEALTH INVS INC | [NHI](https://holderbook.com/stocks/NHI/) | $3.1M | 40,769 | 1.1% | 20 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $2.8M | 22,032 | 0.9% | 20 |
| SOUTHERN CO | [SO](https://holderbook.com/stocks/SO/) | $2.4M | 24,895 | 0.8% | 31 |
| DUKE ENERGY CORP NEW | [DUK](https://holderbook.com/stocks/DUK/) | $1.1M | 8,611 | 0.4% | 18 |
| J P MORGAN EXCHANGE TRADED F | [JPST](https://holderbook.com/stocks/JPST/) | $782.8K | 15,480 | 0.3% | 28 |
| BLACKROCK DEBT STRATEGIES FD | [DSU](https://holderbook.com/stocks/DSU/) | $287.6K | 29,646 | 0.1% | 3 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +13.1% | +14.8% | -1.7% | 100% |
| Q1 2026 | -3.4% | -4.6% | +1.2% | 100% |
| Q4 2025 | -0.3% | +2.4% | -2.7% | 100% |
| Q3 2025 | +8.0% | +7.8% | +0.2% | 100% |
| Q2 2025 | +8.0% | +10.5% | -2.4% | 100% |
| Q1 2025 | -1.5% | -4.6% | +3.1% | 144% |
| Q4 2024 | -4.2% | +2.1% | -6.3% | 100% |
| Q3 2024 | +6.5% | +5.4% | +1.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $294.8M | 28 |
| Q1 2026 | $298.6M | 29 |
| Q4 2025 | $323.6M | 30 |
| Q3 2025 | $315.3M | 30 |
| Q2 2025 | $359.2M | 29 |
| Q1 2025 | $405.0M | 29 |
| Q4 2024 | $400.6M | 27 |
| Q3 2024 | $422.0M | 29 |
| Q2 2024 | $370.9M | 28 |
| Q1 2024 | $369.6M | 28 |
| Q4 2023 | $351.1M | 28 |
| Q3 2023 | $326.4M | 28 |