Nepsis Inc.
Nepsis Inc. reported 28 US-listed holdings worth $317.5 million in its 13F for the quarter ended 30 September 2026, filed 13 October 2026. Its largest: Amgen Inc. (6.2%), Super Micro Computer, Inc. (5.5%) and Devon Energy Corp. (5.3%). Against the quarter before, it opened 1 position, added to 16, trimmed 11 and sold out of 1.
The 14 largest of its 28 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q2 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What its reported holdings returned
Held through each quarter, the holdings it reported returned +36.8% over the 6 quarters to 30 September 2026, against +36.3% for the S&P 500.
Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.
What it did on the quarter
Its positions against its 13F for the quarter to 30 June 2026; a change under 0.1% of a position counts as held
Opened 1
- Incyte Corp. INCY$12.3 million
Added to 16
- Medtronic plc MDT+28,483 shares · +20%
- United Therapeutics Corp. UTHR+3,063 shares · +11%
- Super Micro Computer, Inc. SMCI+34,467 shares · +9%
- X Energy Inc. XE+88,011 shares · +24%
- Uber Technologies, Inc. UBER+9,571 shares · +6%
- National Health Investors Inc. NHI+8,570 shares · +21%
- BlackRock Debt Strategies FD DSU+37,667 shares · +127%
- JP Morgan Ultra Short Income Et JPST+6,655 shares · +43%
and 8 more in the table below
Trimmed 11
- Snowflake Inc. SNOW-27,155 shares · -42%
- Advanced Micro Devices Inc. AMD-5,631 shares · -19%
- Arista Networks, Inc. ANET-16,117 shares · -20%
- ServiceNow, Inc. NOW-17,457 shares · -12%
- American International Group, Inc. AIG-4,621 shares · -3%
- Devon Energy Corp. DVN-4,621 shares · -1%
- Shopify Inc. SHOP-945 shares · -1%
- Reddit, Inc. RDDT-628 shares · -1%
and 3 more in the table below
Sold out of 1
- Iron Mountain Inc. IRM$2.8 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Amgen Inc. AMGN | 47.0K | $19.8 million | 6.24% | +85 |
| Super Micro Computer, Inc. SMCI | 423.6K | $17.4 million | 5.48% | +34.5K |
| Devon Energy Corp. DVN | 364.6K | $16.8 million | 5.29% | -4.6K |
| ServiceNow, Inc. NOW | 122.9K | $16.5 million | 5.19% | -17.5K |
| United Therapeutics Corp. UTHR | 30.3K | $16.4 million | 5.18% | +3.1K |
| Bristol-Myers Squibb Co. BMY | 259.3K | $16.2 million | 5.10% | +816 |
| Shopify Inc. SHOP | 106.1K | $15.7 million | 4.96% | -945 |
| RLI Corp. RLI | 284.1K | $15.7 million | 4.95% | +1.5K |
| Renaissancere Holdings Ltd. RNR | 48.8K | $15.5 million | 4.89% | -170 |
| Advanced Micro Devices Inc. AMD | 24.5K | $15.0 million | 4.72% | -5.6K |
| Medtronic plc MDT | 172.4K | $14.9 million | 4.69% | +28.5K |
| Chubb Ltd. CB | 45.4K | $14.8 million | 4.65% | +175 |
| Visa Inc. V | 39.5K | $14.2 million | 4.48% | +799 |
| Mastercard Inc. MA | 24.1K | $13.3 million | 4.19% | +413 |
| Arista Networks, Inc. ANET | 64.6K | $13.2 million | 4.15% | -16.1K |
| Snowflake Inc. SNOW | 38.0K | $12.9 million | 4.06% | -27.2K |
| Incyte Corp. INCY | 101.0K | $12.3 million | 3.86% | new |
| Uber Technologies, Inc. UBER | 178.7K | $12.2 million | 3.86% | +9.6K |
| American International Group, Inc. AIG | 144.2K | $10.7 million | 3.38% | -4.6K |
| Reddit, Inc. RDDT | 70.5K | $10.0 million | 3.16% | -628 |
| X Energy Inc. XE | 458.2K | $6.5 million | 2.05% | +88.0K |
| Health Catalyst Inc. HCAT | 3.0M | $5.2 million | 1.63% | +13.5K |
| Piedmont Office Realty Trust in PDM | 489.1K | $4.4 million | 1.37% | +5.8K |
| National Health Investors Inc. NHI | 49.3K | $3.2 million | 1.02% | +8.6K |
| Southern Co. SO | 24.2K | $2.0 million | 0.63% | -649 |
| JP Morgan Ultra Short Income Et JPST | 22.1K | $1.1 million | 0.35% | +6.7K |
| Duke Energy Corp. DUK | 8.4K | $961,332 | 0.30% | -179 |
| BlackRock Debt Strategies FD DSU | 67.3K | $605,817 | 0.19% | +37.7K |