Nepsis Inc.

ContrarianQuality / disciplined sizingSector-focused

Total reported value

$298.6M

Reporting period: 2026-03-31 · Number of holdings: 29

Nepsis Inc. disclosed 29 holdings in its latest 13F filing for the period ending 2026-03-31, with total reported value of $298.6M and a quarterly turnover rate of 31.7%.

Browse other institutions with $100M to $1B AUM Browse other institutions starting with "N"

Personality snowflake

Concentration: 19.4
Portfolio Stability: 31.73
Momentum/Contrarian: 0
Sector conviction: 68.01
Diversification: 58
Sizing Uniformity: 93.51

Recent moves

Add DVN
-3.2%　$5.6M
Add UTHR
-3.6%　$3.7M
Trim RDDT
-0.5%　-$5.2M
Trim SNOW
+0.5%　-$3.7M
Trim SHOP
+3.3%　-$3.8M
Add BMY
-4.4%　$1.1M

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	UTHR	United Therapeutics CORP	Stock-Healthcare	8.38%	+1.79%	-3.58%
2	DVN	Devon Energy CORP	Stock-Energy	7.62%	+2.33%	-3.20%
3	CB	Chubb Limited	Stock-Financials	5.74%	+0.54%	-2.42%
4	RNR	RenaissanceRe Holdings Ltd.	Stock-Financials	5.70%	+0.60%	-2.50%
5	AMGN	Amgen INC	Stock-Healthcare	5.66%	+0.56%	-4.72%
6	RLI	Rli CORP	Stock-Financials	5.40%	-0.32%	-2.26%
7	BMY	Bristol-myers Squibb Co	Stock-Healthcare	5.33%	+0.76%	-4.37%
8	AMD	Advanced Micro Devices	Stock-Tech	5.27%	+0.13%	-0.53%
9	EOG	Eog Resources INC	Stock-Energy	4.80%	+4.80%	NEW
10	V	Visa Inc-class A Shares	Stock-Financials	4.55%	-0.47%	-2.97%
11	MA	Mastercard INC - A	Stock-Financials	4.49%	-0.36%	-2.37%
12	SHOP	Shopify INC - Class A	Stock-Tech	4.07%	-0.86%	+3.29%
13	AIG	American International Group	Stock-Financials	3.95%	-0.26%	-1.74%
14	CI	THE Cigna Group	Stock-Healthcare	3.54%	-0.11%	-7.60%
15	UBER	Uber Technologies INC	Stock-Industrials	3.45%	-0.26%	-2.60%
16	PBR	Petroleo Brasileiro-spon Adr	Stock-Energy	3.35%	+3.35%	NEW
17	ANET	Arista Networks INC	Stock-Tech	3.24%	-0.06%	-3.34%
18	SNOW	Snowflake INC	Stock-Tech	2.79%	-0.93%	+0.51%
19	SMCI	Super Micro Computer INC	Stock-Tech	2.73%	-0.55%	-1.07%
20	MDT	Medtronic plc	Stock-Healthcare	2.60%	-0.03%	+0.84%
21	RDDT	Reddit Inc-cl A	Stock-Comm Services	2.45%	-1.43%	-0.51%
22	NHI	Natl Health Investors INC	Stock-Other	1.12%	+0.11%	-2.62%
23	SO	Southern Co/the	Stock-Utilities	0.82%	+0.13%	-1.37%
24	HCAT	Health Catalyst INC	Stock-Other	0.80%	-0.61%	-2.06%
25	IRM	Iron Mountain INC	Stock-Real Estate	0.77%	+0.18%	-2.42%
26	PDM	Piedmont Realty Trust INC	Stock-Other	0.70%	-0.15%	-3.00%
27	DUK	Duke Energy CORP	Stock-Utilities	0.38%	+0.06%	-1.63%
28	JPST	Jpmorgan Ultra-short Income	ETF-Other	0.26%	+0.03%	+6.65%
29	DSU	Blackrock Debt Strategies	Stock-Other	0.06%	—	-7.97%

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2026-03-31	29	$298.6M	32	1UTHR 2DVN 3CB Top holdings2026-03-31 1.UTHR 2.DVN 3.CB 4.RNR 5.AMGN 6.RLI 7.BMY 8.AMD 9.EOG 10.V
2025-12-31	30	$323.6M	22	1UTHR 2RLI 3DVN Top holdings2025-12-31 1.UTHR 2.RLI 3.DVN 4.CB 5.AMD 6.RNR 7.AMGN 8.V 9.SHOP 10.MA
2025-09-30	30	$315.3M	44	1UTHR 2AMD 3SHOP Top holdings2025-09-30 1.UTHR 2.AMD 3.SHOP 4.DVN 5.SMCI 6.V 7.MA 8.CB 9.SNOW 10.RNR
2025-06-30	29	$359.2M	0	1UBER 2SMCI 3AMD Top holdings2025-06-30 1.UBER 2.SMCI 3.AMD 4.V 5.CB 6.MA 7.SNOW 8.DVN 9.SHOP 10.RNR
2025-03-31	29	$405.0M	100	1DVN 2V 3CB Top holdings2025-03-31 1.DVN 2.V 3.CB 4.RLI 5.AMGN 6.MA 7.UBER 8.RNR 9.UTHR 10.CI
2024-12-31	27	$400.6M	0	1RLI 2QCOM 3V Top holdings2024-12-31 1.RLI 2.QCOM 3.V 4.RNR 5.JPST 6.CAVA 7.AIG 8.AMD 9.CB 10.UTHR
2024-09-30	29	$422.0M	0	1RNR 2AMD 3SHOP Top holdings2024-09-30 1.RNR 2.AMD 3.SHOP 4.CB 5.AIG 6.RLI 7.AMGN 8.DVN 9.MA 10.UTHR
2024-06-30	28	$370.9M	0	1AMD 2QCOM 3GOOG Top holdings2024-06-30 1.AMD 2.QCOM 3.GOOG 4.DVN 5.SHOP 6.RNR 7.PETQEUR 8.AIG 9.CB 10.AMGN
2024-03-31	28	$369.6M	0	1AMD 2SHOP 3RNR Top holdings2024-03-31 1.AMD 2.SHOP 3.RNR 4.DVN 5.QCOM 6.AIG 7.GOOG 8.CB 9.MA 10.CI
2023-12-31	28	$351.1M	0	1SHOP 2AMD 3AIG Top holdings2023-12-31 1.SHOP 2.AMD 3.AIG 4.DVN 5.RIOT 6.PETQEUR 7.QCOM 8.RNR 9.AMGN 10.GOOG
2023-09-30	28	$326.4M	0	1DVN 2SHOP 3PETQEUR Top holdings2023-09-30 1.DVN 2.SHOP 3.PETQEUR 4.AIG 5.RNR 6.AMD 7.AMGN 8.GOOG 9.QCOM 10.MA
2023-06-30	30	$324.6M	0	1SHOP 2DVN 3AMD Top holdings2023-06-30 1.SHOP 2.DVN 3.AMD 4.AIG 5.RNR 6.JNJ 7.QCOM 8.PETQEUR 9.MA 10.V
2023-03-31	29	$300.6M	0	1DVN 2RNR 3SHOP Top holdings2023-03-31 1.DVN 2.RNR 3.SHOP 4.AMD 5.QCOM 6.AIG 7.JNJ 8.RIOT 9.BMY 10.V
2022-12-31	30	$298.7M	0	1DVN 2RNR 3AIG Top holdings2022-12-31 1.DVN 2.RNR 3.AIG 4.CB 5.CI 6.JNJ 7.QCOM 8.BMY 9.JAZZ 10.MA
2022-09-30	30	$276.7M	0	1DVN 2RNR 3CVS Top holdings2022-09-30 1.DVN 2.RNR 3.CVS 4.JNJ 5.AIG 6.QCOM 7.CB 8.CI 9.BMY 10.FFIV
2022-06-30	30	$293.2M	0	1DVN 2CI 3RNR Top holdings2022-06-30 1.DVN 2.CI 3.RNR 4.QCOM 5.AIG 6.CVS 7.BMY 8.CB 9.IBM 10.VZ
2022-03-31	31	$335.1M	0	1DVN 2CVS 3AIG Top holdings2022-03-31 1.DVN 2.CVS 3.AIG 4.QCOM 5.RNR 6.XYZ 7.PBR 8.SHOP 9.M2682V 10.FFIV
2021-12-31	28	$344.8M	0	1DVN 2AIG 3CVS Top holdings2021-12-31 1.DVN 2.AIG 3.CVS 4.RNR 5.QCOM 6.FFIV 7.C 8.CB 9.BMY 10.ACGL
2021-09-30	29	$317.4M	0	1AIG 2DVN 3C Top holdings2021-09-30 1.AIG 2.DVN 3.C 4.FLGT 5.CVS 6.RNR 7.27888N 8.CB 9.DFSEUR 10.M2682V
2021-06-30	28	$315.6M	100	1AIG 2DVN 3C Top holdings2021-06-30 1.AIG 2.DVN 3.C 4.FLGT 5.BIDU 6.RNR 7.V 8.CVS 9.MA 10.ACGL
2021-03-31	30	$315.8M	27	1AIG 2C 3FLGT Top holdings2021-03-31 1.AIG 2.C 3.FLGT 4.DVN 5.RNR 6.BIDU 7.V 8.DFSEUR 9.ACGL 10.MA
2020-12-31	32	$275.1M	57	1C 2BIDU 3AIG Top holdings2020-12-31 1.C 2.BIDU 3.AIG 4.DVN 5.FLGT 6.DFSEUR 7.M2682V 8.CB 9.XPEV 10.V
2020-09-30	37	$208.3M	25	1DFSEUR 2BIDU 3VTR Top holdings2020-09-30 1.DFSEUR 2.BIDU 3.VTR 4.AIG 5.V 6.VMWEUR 7.MA 8.CB 9.BMY 10.APPN
2020-06-30	35	$206.8M	44	1XYZ 2DFSEUR 3AIG Top holdings2020-06-30 1.XYZ 2.DFSEUR 3.AIG 4.VTR 5.BIDU 6.VMWEUR 7.V 8.BZUN 9.MA 10.RNR
2020-03-31	33	$149.6M	88	1AIG 2DFSEUR 3XYZ Top holdings2020-03-31 1.AIG 2.DFSEUR 3.XYZ 4.V 5.VTR 6.BIDU 7.VMWEUR 8.RNR 9.MA 10.M2682V
2019-12-31	35	$197.1M	28	1BIDU 2JD 3JPST Top holdings2019-12-31 1.BIDU 2.JD 3.JPST 4.IQ 5.AIG 6.CVS 7.V 8.CI 9.RNR 10.NTNX
2019-09-30	34	$173.5M	31	1BIDU 2RNR 3JPST Top holdings2019-09-30 1.BIDU 2.RNR 3.JPST 4.AIG 5.V 6.JD 7.CB 8.GIS 9.CVS 10.BZUN
2019-06-30	35	$180.5M	29	1BZUN 2V 3RNR Top holdings2019-06-30 1.BZUN 2.V 3.RNR 4.AIG 5.MA 6.JD 7.PETQEUR 8.BIDU 9.CB 10.GIS
2019-03-31	35	$191.4M	43	1BIDU 2V 3JD Top holdings2019-03-31 1.BIDU 2.V 3.JD 4.IQ 5.PETQEUR 6.BZUN 7.MA 8.CB 9.GIS 10.RNR
2018-12-31	34	$150.8M	35	1RNR 2V 3BIDU Top holdings2018-12-31 1.RNR 2.V 3.BIDU 4.KHC 5.CB 6.MA 7.JD 8.PETQEUR 9.AIG 10.BZUN
2018-09-30	37	$181.2M	25	1BIDU 2PETQEUR 3V Top holdings2018-09-30 1.BIDU 2.PETQEUR 3.V 4.RNR 5.FFIV 6.MA 7.MOMOUSD 8.KHC 9.BZUN 10.C
2018-06-30	39	$200.3M	35	1BIDU 2V 3RNR Top holdings2018-06-30 1.BIDU 2.V 3.RNR 4.CSCO 5.JD 6.BZUN 7.MOMOUSD 8.IQ 9.PETQEUR 10.MA
2018-03-31	38	$189.0M	32	1BIDU 2RNR 3CSCO Top holdings2018-03-31 1.BIDU 2.RNR 3.CSCO 4.JD 5.V 6.G9319H 7.WMT 8.PETQEUR 9.C 10.MOMOUSD
2017-12-31	37	$197.4M	43	1BIDU 2WMT 3JD Top holdings2017-12-31 1.BIDU 2.WMT 3.JD 4.16953Q 5.BAC 6.CSCO 7.V 8.RNR 9.C 10.GIS
2017-09-30	40	$193.7M	36	1BIDU 2RNR3G9319H Top holdings2017-09-30 1.BIDU 2.RNR 3.G9319H 4.V 5.ORCL 6.MU 7.57886P 8.CB 9.C 10.BAC
2017-06-30	43	$202.6M	30	1C 2BAC 3CB Top holdings2017-06-30 1.C 2.BAC 3.CB 4.BIDU 5.JNJ 6.V 7.GIS 8.WMT 9.JD 10.MU
2017-03-31	40	$195.2M	40	1MU 2C 3BAC Top holdings2017-03-31 1.MU 2.C 3.BAC 4.STM 5.CB 6.JNJ 7.GIS 8.V 9.YRD 10.JD
2016-12-31	37	$174.6M	25	1BAC 2C 3CB Top holdings2016-12-31 1.BAC 2.C 3.CB 4.JNJ 5.MU 6.BIDU 7.GIS 8.KHC 9.NVDA 10.AIG
2016-09-30	39	$183.6M	51	1BIDU 2MU 3CB Top holdings2016-09-30 1.BIDU 2.MU 3.CB 4.JNJ 5.V 6.GIS 7.KHC 8.MA 9.WMT 10.BAC
2016-06-30	37	$175.3M	36	1JNJ 2CB 3GIS Top holdings2016-06-30 1.JNJ 2.CB 3.GIS 4.KHC 5.BIDU 6.V 7.BAC 8.C 9.RNR 10.RTN1USD
2016-03-31	36	$186.2M	36	1JNJ 2AIG 3GIS Top holdings2016-03-31 1.JNJ 2.AIG 3.GIS 4.CB 5.BIDU 6.V 7.KHC 8.BAC 9.C 10.MA
2015-12-31	32	$172.4M	19	1AIG 2JNJ 3BAC Top holdings2015-12-31 1.AIG 2.JNJ 3.BAC 4.C 5.V 6.BIDU 7.GIS 8.KHC 9.MA 10.GILD
2015-09-30	31	$167.9M	47	1JNJ 2AIG 3BAC Top holdings2015-09-30 1.JNJ 2.AIG 3.BAC 4.C 5.V 6.MA 7.GIS 8.KHC 9.UAA 10.GILD
2015-06-30	25	$148.5M	35	1JNJ 2AIG 3C Top holdings2015-06-30 1.JNJ 2.AIG 3.C 4.BAC 5.GIS 6.SAN 7.GILD 8.BIDU 9.00817Y 10.MDT
2015-03-31	31	$165.5M	69	1JNJ 2AIG 3C Top holdings2015-03-31 1.JNJ 2.AIG 3.C 4.BAC 5.KHC 6.GIS 7.SAN 8.00817Y 9.MDT 10.MBTGBP
2014-12-31	32	$171.4M	97	1C 2JNJ 3BAC Top holdings2014-12-31 1.C 2.JNJ 3.BAC 4.AIG 5.V 6.MA 7.KHC 8.GIS 9.SAN 10.00817Y
2014-09-30	28	$174.9M	95	1BAC 2HAL 3C Top holdings2014-09-30 1.BAC 2.HAL 3.C 4.AAL 5.SO 6.JNJ 7.EXC 8.COP 9.AIG 10.CELG
2014-06-30	36	$181.7M	21	1JNJ 2C 3AIG Top holdings2014-06-30 1.JNJ 2.C 3.AIG 4.BAC 5.SAN 6.SO 7.EXC 8.GIS 9.MA 10.CELG
2014-03-31	35	$164.5M	37	1BAC 2JNJ 3C Top holdings2014-03-31 1.BAC 2.JNJ 3.C 4.AIG 5.SAN 6.GIS 7.EXC 8.V 9.BIDU 10.CELG
2013-12-31	36	$144.9M	0	1C 2BAC 3JNJ Top holdings2013-12-31 1.C 2.BAC 3.JNJ 4.AIG 5.V 6.92719A 7.BIDU 8.MSFT 9.GIS 10.MA

Holding changes this quarter

Nepsis Inc.'s most significant position changes for 2026-03-31: New buy: Eog Resources INC (EOG); Sold out: Cava Group INC (CAVA); New buy: Petroleo Brasileiro-spon Adr (PBR); Sold out: Coinbase Global INC -class A (COIN); Sold out: Aaon INC (AAON).

Position changes disclosed by Nepsis Inc. for the quarter ending 2026-03-31, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	DVN	Devon Energy CORP	+2.3%	-3.20%	Trim
2	UTHR	United Therapeutics CORP	+1.8%	-3.58%	Trim
3	BMY	Bristol-myers Squibb Co	+0.8%	-4.37%	Trim
4	RNR	RenaissanceRe Holdings Ltd.	+0.6%	-2.50%	Trim
5	AMGN	Amgen INC	+0.6%	-4.72%	Trim
6	CB	Chubb Limited	+0.5%	-2.42%	Trim
7	IRM	Iron Mountain INC	+0.2%	-2.42%	Trim
8	AMD	Advanced Micro Devices	+0.1%	-0.53%	Trim
9	SO	Southern Co/the	+0.1%	-1.37%	Trim
10	NHI	Natl Health Investors INC	+0.1%	-2.62%	Trim
11	DUK	Duke Energy CORP	+0.1%	-1.63%	Trim
12	JPST	Jpmorgan Ultra-short Income	0%	+6.65%	Add
13	DSU	Blackrock Debt Strategies	—	-7.97%	Trim
14	MDT	Medtronic plc	0%	+0.84%	Add
15	ANET	Arista Networks INC	-0.1%	-3.34%	Trim
16	CI	THE Cigna Group	-0.1%	-7.60%	Trim
17	PDM	Piedmont Realty Trust INC	-0.2%	-3.00%	Trim
18	AIG	American International Group	-0.3%	-1.74%	Trim
19	UBER	Uber Technologies INC	-0.3%	-2.60%	Trim
20	RLI	Rli CORP	-0.3%	-2.26%	Trim
21	MA	Mastercard INC - A	-0.4%	-2.37%	Trim
22	V	Visa Inc-class A Shares	-0.5%	-2.97%	Trim
23	SMCI	Super Micro Computer INC	-0.6%	-1.07%	Trim
24	HCAT	Health Catalyst INC	-0.6%	-2.06%	Trim
25	SHOP	Shopify INC - Class A	-0.9%	+3.29%	Add
26	SNOW	Snowflake INC	-0.9%	+0.51%	Add
27	RDDT	Reddit Inc-cl A	-1.4%	-0.51%	Trim
28	EOG	Eog Resources INC	—	NEW	New buy
29	CAVA	Cava Group INC	—	EXIT	Sold out
30	PBR	Petroleo Brasileiro-spon Adr	—	NEW	New buy
31	COIN	Coinbase Global INC -class A	—	EXIT	Sold out
32	AAON	Aaon INC	—	EXIT	Sold out

FAQ

What is Nepsis Inc. and what type of investor is it?

Nepsis Inc. is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2026-03-31), the firm manages a tracked equity portfolio valued at approximately $298.6M, spread across 29 disclosed positions.

What are Nepsis Inc.'s largest equity positions?

Based on the latest 13F filing, Nepsis Inc.'s top holdings by market value are: 1. United Therapeutics CORP (UTHR) — $25.0M (8.4%) 2. Devon Energy CORP (DVN) — $22.8M (7.6%) 3. Chubb Limited (CB) — $17.1M (5.7%) 4. RenaissanceRe Holdings Ltd. (RNR) — $17.0M (5.7%) 5. Amgen INC (AMGN) — $16.9M (5.7%)

What changes did Nepsis Inc. make in its most recent portfolio filing?

In the latest reported quarter, Nepsis Inc. made 32 notable position adjustments: 2 new positions were initiated, 4 existing holdings were added to, 23 positions were partially reduced, and 3 were completely exited. The largest of these moves: New buy: Eog Resources INC (EOG); Sold out: Cava Group INC (CAVA); New buy: Petroleo Brasileiro-spon Adr (PBR); Sold out: Coinbase Global INC -class A (COIN); Sold out: Aaon INC (AAON)

What sectors does Nepsis Inc. focus on?

Nepsis Inc. is concentrated in the following sectors based on its current disclosed equity portfolio: • Financials: 30.7% • Health Care: 26.3% • Information Technology: 18.6% • Energy: 16.2% • Industrials: 3.5% • Communication Services: 2.5%