Nepsis
Minneapolis, MNfiles as Nepsis Inc.
$295m in 28 US stocks at the end of 30 June 2026. The top 10 are 53.4% of the money. It changed about 19.4% of the portfolio this quarter.
Value
$295m
Stocks
28
Top 10 share
53.4%
Turnover
19.4%
What changed this quarter
New
Bought for the first time this quarter.
- ServiceNowNOW4.7% of the fund
- X-EnergyXE2.3% of the fund
Added
Bought more of a stock they already held.
- SnowflakeSNOW5.6% of the fund+18%
- Arista NetworksANET4.7% of the fund+3%
- RedditRDDT4.2% of the fund+31%
- ShopifySHOP4.1% of the fund+5%
- Uber TechnologiesUBER4.1% of the fund+18%
- Super Micro ComputerSMCI3.9% of the fund+9%
- MedtronicMDT3.8% of the fund+61%
- Health CatalystHCAT2.0% of the fund+59%
- Piedmont Realty TrustPDM1.5% of the fund+51%
- Blackrock Debt Strategies FundDSU<0.1% of the fund+68%
Cut
Sold some of their stake.
- Advanced Micro DevicesAMD5.9% of the fund-61%
- AmgenAMGN5.8% of the fund-2%
- Renaissancere HoldingsRNR5.3% of the fund-14%
- ChubbCB5.2% of the fund-14%
- Devon EnergyDVN5.2% of the fund-18%
- United TherapeuticsUTHR5.0% of the fund-35%
- VisaV4.5% of the fund-14%
- MastercardMA4.1% of the fund-12%
- American International GroupAIG3.8% of the fund-5%
- Iron MountainIRM0.9% of the fund-2%
- Southern CompanySO0.8% of the fund-2%
Sold out
Sold their entire stake.
Holdings
- X-EnergyXE
- Share
- 2.3%
- Value
- $7m
- Shares
- 370,212
New
- J P Morgan Exchange Traded FJPST
- Share
- 0.3%
- Value
- $782,845
- Shares
- 15,480
Held
- Blackrock Debt Strategies FundDSU
- Share
- <0.1%
- Value
- $287,566
- Shares
- 29,646
+68%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| Advanced Micro DevicesAMD | 5.9% | $17m | 30,099 | -61% |
| AmgenAMGN | 5.8% | $17m | 46,923 | -2% |
| RLIRLI | 5.7% | $17m | 282,589 | Held |
| SnowflakeSNOW | 5.6% | $17m | 65,123 | +18% |
| Renaissancere HoldingsRNR | 5.3% | $16m | 48,999 | -14% |
| ChubbCB | 5.2% | $15m | 45,196 | -14% |
| Devon EnergyDVN | 5.2% | $15m | 369,177 | -18% |
| Bristol-Myers SquibbBMY | 5.1% | $15m | 258,510 | Held |
| United TherapeuticsUTHR | 5.0% | $15m | 27,273 | -35% |
| ServiceNowNOW | 4.7% | $14m | 140,346 | New |
| Arista NetworksANET | 4.7% | $14m | 80,753 | +3% |
| VisaV | 4.5% | $13m | 38,742 | -14% |
| RedditRDDT | 4.2% | $12m | 71,129 | +31% |
| ShopifySHOP | 4.1% | $12m | 107,028 | +5% |
| Uber TechnologiesUBER | 4.1% | $12m | 169,142 | +18% |
| MastercardMA | 4.1% | $12m | 23,692 | -12% |
| Super Micro ComputerSMCI | 3.9% | $11m | 389,097 | +9% |
| MedtronicMDT | 3.8% | $11m | 143,946 | +61% |
| American International GroupAIG | 3.8% | $11m | 148,819 | -5% |
| X-EnergyXE | 2.3% | $7m | 370,212 | New |
| Health CatalystHCAT | 2.0% | $6m | 2,976,187 | +59% |
| Piedmont Realty TrustPDM | 1.5% | $4m | 483,316 | +51% |
| National Health InvestorsNHI | 1.1% | $3m | 40,769 | Held |
| Iron MountainIRM | 0.9% | $3m | 22,032 | -2% |
| Southern CompanySO | 0.8% | $2m | 24,895 | -2% |
| Duke EnergyDUK | 0.4% | $1m | 8,611 | Held |
| J P Morgan Exchange Traded FJPST | 0.3% | $782,845 | 15,480 | Held |
| Blackrock Debt Strategies FundDSU | <0.1% | $287,566 | 29,646 | +68% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is down 17.9% since 30 June 2025.
Where the money is
Technology31.0%
Financial services28.6%
Health care19.6%
Industrials6.4%
Energy5.2%
Media & telecom4.2%
Real estate3.5%
Utilities1.2%
Other0.4%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.