Nepsis Inc. Concentrated Active

Location: Minneapolis, MN

CIK: 0001587643 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Jul 14, 2026

Total Value: $295M (100.0% shares, 0.0% debt)

Holdings (28)

New Positions (2)

NOW SERVICENOW INC 4.7%

Value $13.93M Shares 140,346 Share Price $99.28 Est. Cost/Share $99.28 Unrealized @ Report Date —

XE X-ENERGY INC 2.3%

Value $6.797M Shares 370,212 Share Price $18.36 Est. Cost/Share $18.36 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
NOW	SERVICENOW INC	140,346	$13.93M	4.7%	$99.28	$99.28	—	COM	81762P102
XE	X-ENERGY INC	370,212	$6.797M	2.3%	$18.36	$18.36	—	COM CL A	98386P102

Increased Positions (10)

SNOW SNOWFLAKE INC 5.6%

Value $16.57M (+99.0%) Shares 65,123 (+17.9%) Share Price $254.50 Est. Cost/Share $182.58 Unrealized @ Report Date —

RDDT REDDIT INC 4.2%

Value $12.35M (+68.6%) Shares 71,129 (+30.8%) Share Price $173.58 Est. Cost/Share $171.41 Unrealized @ Report Date —

ANET ARISTA NETWORKS INC 4.7%

Value $13.72M (+42.0%) Shares 80,753 (+2.6%) Share Price $169.88 Est. Cost/Share $104.25 Unrealized @ Report Date —

HCAT HEALTH CATALYST INC 2.0%

Value $5.923M (+148.5%) Shares 2,976,187 (+58.6%) Share Price $1.99 Est. Cost/Share $3.83 Unrealized @ Report Date —

MDT MEDTRONIC PLC 3.8%

Value $11.26M (+45.3%) Shares 143,946 (+60.9%) Share Price $78.23 Est. Cost/Share $89.98 Unrealized @ Report Date —

SMCI SUPER MICRO COMPUTER INC 3.9%

Value $11.41M (+39.8%) Shares 389,097 (+8.6%) Share Price $29.33 Est. Cost/Share $36.21 Unrealized @ Report Date —

PDM PIEDMONT REALTY TRUST INC 1.5%

Value $4.422M (+110.7%) Shares 483,316 (+51.3%) Share Price $9.15 Est. Cost/Share $8.91 Unrealized @ Report Date —

UBER UBER TECHNOLOGIES INC 4.1%

Value $12.21M (+18.6%) Shares 169,142 (+18.2%) Share Price $72.16 Est. Cost/Share $72.30 Unrealized @ Report Date —

— BLACKROCK DEBT STRATEGIES FD 0.1%

Value $288K (+69.9%) Shares 29,646 (+68.0%) Share Price $9.70 Est. Cost/Share $9.99 Unrealized @ Report Date —

SHOP SHOPIFY INC 4.1%

Value $12.22M (+0.7%) Shares 107,028 (+4.6%) Share Price $114.18 Est. Cost/Share $78.06 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
SNOW	SNOWFLAKE INC	65,123 (+17.9%)	$16.57M (+99.0%)	5.6%	$254.50	$182.58	—	COM SHS	833445109
RDDT	REDDIT INC	71,129 (+30.8%)	$12.35M (+68.6%)	4.2%	$173.58	$171.41	—	CL A	75734B100
ANET	ARISTA NETWORKS INC	80,753 (+2.6%)	$13.72M (+42.0%)	4.7%	$169.88	$104.25	—	COM SHS	040413205
HCAT	HEALTH CATALYST INC	2,976,187 (+58.6%)	$5.923M (+148.5%)	2.0%	$1.99	$3.83	—	COM	42225T107
MDT	MEDTRONIC PLC	143,946 (+60.9%)	$11.26M (+45.3%)	3.8%	$78.23	$89.98	—	SHS	G5960L103
SMCI	SUPER MICRO COMPUTER INC	389,097 (+8.6%)	$11.41M (+39.8%)	3.9%	$29.33	$36.21	—	COM NEW	86800U302
PDM	PIEDMONT REALTY TRUST INC	483,316 (+51.3%)	$4.422M (+110.7%)	1.5%	$9.15	$8.91	—	COM CL A	720190206
UBER	UBER TECHNOLOGIES INC	169,142 (+18.2%)	$12.21M (+18.6%)	4.1%	$72.16	$72.30	—	COM	90353T100
—	BLACKROCK DEBT STRATEGIES FD	29,646 (+68.0%)	$288K (+69.9%)	0.1%	$9.70	$9.99	—	COM NEW	09255R202
SHOP	SHOPIFY INC	107,028 (+4.6%)	$12.22M (+0.7%)	4.1%	$114.18	$78.06	—	CL A SUB VTG SHS	82509L107

Exited Positions (3)

EOG EOG RES INC 4.9%

Value $14.32M Shares 99,041 Share Price $144.57 Est. Cost/Share $112.14 Unrealized @ Report Date —

CI THE CIGNA GROUP 3.6%

Value $10.57M Shares 39,627 Share Price $266.75 Est. Cost/Share $229.82 Unrealized @ Report Date —

PBR PETROLEO BRASILEIRO S A 3.4%

Value $9.99M Shares 481,439 Share Price $20.75 Est. Cost/Share $20.75 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
EOG	EOG RES INC	99,041	$14.32M	4.9%	$144.57	$112.14	—	—	26875P101
CI	THE CIGNA GROUP	39,627	$10.57M	3.6%	$266.75	$229.82	—	—	125523100
PBR	PETROLEO BRASILEIRO S A	481,439	$9.99M	3.4%	$20.75	$20.75	—	—	71654V408

Decreased Positions (13)

UTHR UNITED THERAPEUTICS CORP DEL 5.0%

Value $14.78M (-40.9%) Shares 27,273 (-35.4%) Share Price $541.83 Est. Cost/Share $339.69 Unrealized @ Report Date —

DVN DEVON ENERGY CORP NEW 5.2%

Value $15.25M (-33.0%) Shares 369,177 (-18.4%) Share Price $41.32 Est. Cost/Share $34.08 Unrealized @ Report Date —

AMD ADVANCED MICRO DEVICES INC 5.9%

Value $17.48M (+11.2%) Shares 30,099 (-61.1%) Share Price $580.91 Est. Cost/Share $85.26 Unrealized @ Report Date —

CB CHUBB LIMITED 5.2%

Value $15.4M (-10.2%) Shares 45,196 (-14.1%) Share Price $340.74 Est. Cost/Share $167.44 Unrealized @ Report Date —

RNR RENAISSANCERE HLDGS LTD 5.3%

Value $15.53M (-8.7%) Shares 48,999 (-14.4%) Share Price $316.90 Est. Cost/Share $181.17 Unrealized @ Report Date —

MA MASTERCARD INCORPORATED 4.1%

Value $12.17M (-9.3%) Shares 23,692 (-11.7%) Share Price $513.61 Est. Cost/Share $337.11 Unrealized @ Report Date —

BMY BRISTOL-MYERS SQUIBB CO 5.1%

Value $14.9M (-6.3%) Shares 258,510 (-1.4%) Share Price $57.62 Est. Cost/Share $52.84 Unrealized @ Report Date —

AIG AMERICAN INTL GROUP INC 3.8%

Value $11.09M (-5.9%) Shares 148,819 (-5.0%) Share Price $74.53 Est. Cost/Share $42.17 Unrealized @ Report Date —

IRM IRON MTN INC DEL 0.9%

Value $2.783M (+20.9%) Shares 22,032 (-2.2%) Share Price $126.31 Est. Cost/Share $57.63 Unrealized @ Report Date —

V VISA INC 4.5%

Value $13.29M (-2.1%) Shares 38,742 (-13.8%) Share Price $343.09 Est. Cost/Share $160.05 Unrealized @ Report Date —

NHI NATIONAL HEALTH INVS INC 1.1%

Value $3.109M (-7.3%) Shares 40,769 (-1.7%) Share Price $76.26 Est. Cost/Share $93.82 Unrealized @ Report Date —

AMGN AMGEN INC 5.8%

Value $16.99M (+0.6%) Shares 46,923 (-2.3%) Share Price $362.12 Est. Cost/Share $236.24 Unrealized @ Report Date —

SO SOUTHERN CO 0.8%

Value $2.383M (-2.9%) Shares 24,895 (-2.1%) Share Price $95.71 Est. Cost/Share $53.27 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
UTHR	UNITED THERAPEUTICS CORP DEL	27,273 (-35.4%)	$14.78M (-40.9%)	5.0%	$541.83	$339.69	—	COM	91307C102
DVN	DEVON ENERGY CORP NEW	369,177 (-18.4%)	$15.25M (-33.0%)	5.2%	$41.32	$34.08	—	COM	25179M103
AMD	ADVANCED MICRO DEVICES INC	30,099 (-61.1%)	$17.48M (+11.2%)	5.9%	$580.91	$85.26	—	COM	007903107
CB	CHUBB LIMITED	45,196 (-14.1%)	$15.4M (-10.2%)	5.2%	$340.74	$167.44	—	COM	H1467J104
RNR	RENAISSANCERE HLDGS LTD	48,999 (-14.4%)	$15.53M (-8.7%)	5.3%	$316.90	$181.17	—	COM	G7496G103
MA	MASTERCARD INCORPORATED	23,692 (-11.7%)	$12.17M (-9.3%)	4.1%	$513.61	$337.11	—	CL A	57636Q104
BMY	BRISTOL-MYERS SQUIBB CO	258,510 (-1.4%)	$14.9M (-6.3%)	5.1%	$57.62	$52.84	—	COM	110122108
AIG	AMERICAN INTL GROUP INC	148,819 (-5.0%)	$11.09M (-5.9%)	3.8%	$74.53	$42.17	—	COM NEW	026874784
IRM	IRON MTN INC DEL	22,032 (-2.2%)	$2.783M (+20.9%)	0.9%	$126.31	$57.63	—	COM	46284V101
V	VISA INC	38,742 (-13.8%)	$13.29M (-2.1%)	4.5%	$343.09	$160.05	—	COM CL A	92826C839
NHI	NATIONAL HEALTH INVS INC	40,769 (-1.7%)	$3.109M (-7.3%)	1.1%	$76.26	$93.82	—	COM	63633D104
AMGN	AMGEN INC	46,923 (-2.3%)	$16.99M (+0.6%)	5.8%	$362.12	$236.24	—	COM	031162100
SO	SOUTHERN CO	24,895 (-2.1%)	$2.383M (-2.9%)	0.8%	$95.71	$53.27	—	COM	842587107

Unchanged Positions (3)

RLI RLI CORP 5.7%

Value $16.69M Shares 282,589 Share Price $59.07 Est. Cost/Share $69.10 Unrealized @ Report Date —

DUK DUKE ENERGY CORP NEW 0.4%

Value $1.09M Shares 8,611 Share Price $126.58 Est. Cost/Share $102.86 Unrealized @ Report Date —

JPST J P MORGAN EXCHANGE TRADED F 0.3%

Value $783K Shares 15,480 Share Price $50.57 Est. Cost/Share $56.22 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
RLI	RLI CORP	282,589	$16.69M	5.7%	$59.07	$69.10	—	COM	749607107
DUK	DUKE ENERGY CORP NEW	8,611	$1.09M	0.4%	$126.58	$102.86	—	COM NEW	26441C204
JPST	J P MORGAN EXCHANGE TRADED F	15,480	$783K	0.3%	$50.57	$56.22	—	ULTRA SHRT ETF	46641Q837