Nepsis Inc.
Long book
$298.6M
Q1 2026
Positions
29
Top-10 weight
58%
concentration
Last quarter
+14.8%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsNepsis Inc. is a concentrated fundamental stock-picker, running a $298.6M US long book across 29 positions.
The portfolio is concentrated: the top 10 names carry 58% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: UNITED THERAPEUTICS CORP, DEVON ENERGY CORP, CHUBB LTD, RENAISSANCERE HOLDINGS LTD, AMGEN INC.
Over the last 9 quarters its long book ran on average 1.8pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-2.4%
Q2 2024
+4.9%
Q3 2024
-4.6%
Q4 2024
-1.2%
Q1 2025
+7.8%
Q2 2025
+7.8%
Q3 2025
+0.0%
Q4 2025
-3.1%
Q1 2026
+14.8%
Sector allocation
Financials 26%
Healthcare 23%
Technology 23%
Services media 13%
Energy 13%
Utilities 1%
Long book by quarter
What does Nepsis Inc. own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| UTHR UNITED THERAPEUTICS CORP | Healthcare | 42.2K | $25.0M | 8.4% | -3.6% |
| DVN DEVON ENERGY CORP | Energy | 452.4K | $22.8M | 7.6% | -3.2% |
| CB CHUBB LTD | Financials | 52.6K | $17.1M | 5.7% | -2.4% |
| RNR RENAISSANCERE HOLDINGS LTD | Financials | 57.2K | $17.0M | 5.7% | -2.5% |
| AMGN AMGEN INC | Healthcare | 48.0K | $16.9M | 5.7% | -4.7% |
| RLI RLI CORP | Financials | 282.7K | $16.1M | 5.4% | -2.3% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 262.2K | $15.9M | 5.3% | -4.4% |
| AMD ADVANCED MICRO DEVICES | Technology | 77.3K | $15.7M | 5.3% | -0.5% |
| EOG EOG RESOURCES INC | Energy | 99.0K | $14.3M | 4.8% | New |
| V VISA INC-CLASS A SHARES | Services media | 44.9K | $13.6M | 4.5% | -3.0% |
| MA MASTERCARD INC - A | Services media | 26.8K | $13.4M | 4.5% | -2.4% |
| SHOP SHOPIFY INC - CLASS A | Technology | 102.3K | $12.1M | 4.1% | +3.3% |
| AIG AMERICAN INTERNATIONAL GROUP | Financials | 156.6K | $11.8M | 3.9% | -1.7% |
| CI THE CIGNA GROUP | Financials | 39.6K | $10.6M | 3.5% | -7.6% |
| UBER UBER TECHNOLOGIES INC | Services media | 143.1K | $10.3M | 3.4% | -2.6% |
| ANET ARISTA NETWORKS INC | Technology | 78.7K | $9.7M | 3.2% | -3.3% |
| SNOW SNOWFLAKE INC | Technology | 55.2K | $8.3M | 2.8% | +0.5% |
| SMCI SUPER MICRO COMPUTER INC | Technology | 358.4K | $8.2M | 2.7% | -1.1% |
| MDT MEDTRONIC PLC | Healthcare | 89.4K | $7.7M | 2.6% | +0.8% |
| RDDT REDDIT INC-CL A | Technology | 54.4K | $7.3M | 2.5% | -0.5% |
| SO SOUTHERN CO/THE | Utilities | 25.4K | $2.5M | 0.8% | -1.4% |
| HCAT HEALTH CATALYST INC | Technology | 1.9M | $2.4M | 0.8% | -2.1% |
| DUK DUKE ENERGY CORP | Utilities | 8.7K | $1.1M | 0.4% | -1.6% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | Apr 15, 2026 | 29 | $298.6M | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Jan 14, 2026 | 30 | $323.6M | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Oct 24, 2025 | 30 | $315.3M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Jul 14, 2025 | 29 | $359.2M | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 15, 2025 | 29 | $405.0M | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Jan 21, 2025 | 27 | $400.6M | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Oct 18, 2024 | 29 | $422.0M | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Jul 15, 2024 | 28 | $370.9M | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | Apr 12, 2024 | 28 | $369.6M | canonical | SEC ↗ |
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