Nepsis Inc. Concentrated Active

CIK: 0001587643 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Jan 14, 2026

Total Value ($000): $323,628 (100.0% shares, 0.0% debt)

Holdings (30)

New Positions (2)

MDT MEDTRONIC PLC 2.6%

Value ($000) $8,520 Shares 88,696 Est. Cost $97.14 Unrealized 0.0%

— BLACKROCK DEBT STRATEGIES FD 0.1%

Value ($000) $195 Shares 19,175 Est. Cost $10.18 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MDT	MEDTRONIC PLC	88,696	$8,520	2.6%	$97.14	0.0%	SHS	G5960L103
—	BLACKROCK DEBT STRATEGIES FD	19,175	$195	0.1%	$10.18	—	COM NEW	09255R202

Increased Positions (14)

BMY BRISTOL-MYERS SQUIBB CO 4.6%

Value ($000) $14,788 (+78.9%) Shares 274,149 (+49.6%) Est. Cost $52.84 Unrealized -10.1%

SMCI SUPER MICRO COMPUTER INC 3.3%

Value ($000) $10,604 (-34.8%) Shares 362,288 (+6.9%) Est. Cost $36.80 Unrealized +11.9%

RLI RLI CORP 5.7%

Value ($000) $18,502 (+42.4%) Shares 289,191 (+45.2%) Est. Cost $69.10 Unrealized -11.0%

CAVA CAVA GROUP INC 3.2%

Value ($000) $10,370 (+38.5%) Shares 176,694 (+42.6%) Est. Cost $80.76 Unrealized -31.0%

AMGN AMGEN INC 5.1%

Value ($000) $16,495 (+18.5%) Shares 50,397 (+2.2%) Est. Cost $236.24 Unrealized +33.7%

AIG AMERICAN INTL GROUP INC 4.2%

Value ($000) $13,638 (+20.3%) Shares 159,415 (+10.4%) Est. Cost $42.17 Unrealized +88.9%

UBER UBER TECHNOLOGIES INC 3.7%

Value ($000) $12,006 (-15.3%) Shares 146,938 (+1.6%) Est. Cost $72.32 Unrealized +24.5%

COIN COINBASE GLOBAL INC 3.0%

Value ($000) $9,641 (-17.0%) Shares 42,634 (+23.8%) Est. Cost $331.16 Unrealized -10.0%

RDDT REDDIT INC 3.9%

Value ($000) $12,565 (+13.7%) Shares 54,661 (+13.8%) Est. Cost $170.74 Unrealized +23.2%

ANET ARISTA NETWORKS INC 3.3%

Value ($000) $10,667 (-7.2%) Shares 81,406 (+3.2%) Est. Cost $102.53 Unrealized +34.3%

PDM PIEDMONT REALTY TRUST INC 0.8%

Value ($000) $2,746 (+36.7%) Shares 329,284 (+47.5%) Est. Cost $8.79 Unrealized —

CI THE CIGNA GROUP 3.6%

Value ($000) $11,804 (+5.4%) Shares 42,886 (+10.4%) Est. Cost $229.82 Unrealized +21.5%

AAON AAON INC 2.8%

Value ($000) $8,975 (+3.4%) Shares 117,707 (+26.7%) Est. Cost $83.97 Unrealized +9.9%

HCAT HEALTH CATALYST INC 1.4%

Value ($000) $4,579 (+6.2%) Shares 1,915,794 (+26.6%) Est. Cost $4.91 Unrealized -44.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BMY	BRISTOL-MYERS SQUIBB CO	274,149 (+49.6%)	$14,788 (+78.9%)	4.6%	$52.84	-10.1%	COM	110122108
SMCI	SUPER MICRO COMPUTER INC	362,288 (+6.9%)	$10,604 (-34.8%)	3.3%	$36.80	+11.9%	COM NEW	86800U302
RLI	RLI CORP	289,191 (+45.2%)	$18,502 (+42.4%)	5.7%	$69.10	-11.0%	COM	749607107
CAVA	CAVA GROUP INC	176,694 (+42.6%)	$10,370 (+38.5%)	3.2%	$80.76	-31.0%	COM	148929102
AMGN	AMGEN INC	50,397 (+2.2%)	$16,495 (+18.5%)	5.1%	$236.24	+33.7%	COM	031162100
AIG	AMERICAN INTL GROUP INC	159,415 (+10.4%)	$13,638 (+20.3%)	4.2%	$42.17	+88.9%	COM NEW	026874784
UBER	UBER TECHNOLOGIES INC	146,938 (+1.6%)	$12,006 (-15.3%)	3.7%	$72.32	+24.5%	COM	90353T100
COIN	COINBASE GLOBAL INC	42,634 (+23.8%)	$9,641 (-17.0%)	3.0%	$331.16	-10.0%	COM CL A	19260Q107
RDDT	REDDIT INC	54,661 (+13.8%)	$12,565 (+13.7%)	3.9%	$170.74	+23.2%	CL A	75734B100
ANET	ARISTA NETWORKS INC	81,406 (+3.2%)	$10,667 (-7.2%)	3.3%	$102.53	+34.3%	COM SHS	040413205
PDM	PIEDMONT REALTY TRUST INC	329,284 (+47.5%)	$2,746 (+36.7%)	0.8%	$8.79	—	COM CL A	720190206
CI	THE CIGNA GROUP	42,886 (+10.4%)	$11,804 (+5.4%)	3.6%	$229.82	+21.5%	COM	125523100
AAON	AAON INC	117,707 (+26.7%)	$8,975 (+3.4%)	2.8%	$83.97	+9.9%	COM PAR $0.004	000360206
HCAT	HEALTH CATALYST INC	1,915,794 (+26.6%)	$4,579 (+6.2%)	1.4%	$4.91	-44.3%	COM	42225T107

Exited Positions (2)

ARM ARM HOLDINGS PLC 3.0%

Value ($000) $9,854 Shares 69,646 Est. Cost $106.79 Unrealized —

GIS GENERAL MLS INC 0.7%

Value ($000) $2,287 Shares 45,366 Est. Cost $62.35 Unrealized -23.9%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
ARM	ARM HOLDINGS PLC	69,646	$9,854	3.0%	$106.79	—	—	042068205
GIS	GENERAL MLS INC	45,366	$2,287	0.7%	$62.35	-23.9%	—	370334104

Decreased Positions (8)

SNOW SNOWFLAKE INC 3.7%

Value ($000) $12,054 (-19.1%) Shares 54,951 (-16.9%) Est. Cost $169.70 Unrealized +43.8%

UTHR UNITED THERAPEUTICS CORP DEL 6.6%

Value ($000) $21,322 (+14.5%) Shares 43,760 (-1.5%) Est. Cost $339.69 Unrealized +37.1%

SHOP SHOPIFY INC 4.9%

Value ($000) $15,948 (-12.0%) Shares 99,075 (-18.8%) Est. Cost $74.43 Unrealized +115.7%

AMD ADVANCED MICRO DEVICES INC 5.1%

Value ($000) $16,644 (-9.9%) Shares 77,717 (-31.9%) Est. Cost $85.26 Unrealized +163.4%

IRM IRON MTN INC DEL 0.6%

Value ($000) $1,915 (-21.5%) Shares 23,088 (-3.6%) Est. Cost $57.63 Unrealized +61.0%

SO SOUTHERN CO 0.7%

Value ($000) $2,247 (-10.6%) Shares 25,772 (-2.9%) Est. Cost $53.27 Unrealized +70.6%

NHI NATIONAL HEALTH INVS INC 1.0%

Value ($000) $3,254 (-7.0%) Shares 42,607 (-3.2%) Est. Cost $93.82 Unrealized —

DUK DUKE ENERGY CORP NEW 0.3%

Value ($000) $1,034 (-8.9%) Shares 8,819 (-3.8%) Est. Cost $102.86 Unrealized +18.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SNOW	SNOWFLAKE INC	54,951 (-16.9%)	$12,054 (-19.1%)	3.7%	$169.70	+43.8%	COM SHS	833445109
UTHR	UNITED THERAPEUTICS CORP DEL	43,760 (-1.5%)	$21,322 (+14.5%)	6.6%	$339.69	+37.1%	COM	91307C102
SHOP	SHOPIFY INC	99,075 (-18.8%)	$15,948 (-12.0%)	4.9%	$74.43	+115.7%	CL A SUB VTG SHS	82509L107
AMD	ADVANCED MICRO DEVICES INC	77,717 (-31.9%)	$16,644 (-9.9%)	5.1%	$85.26	+163.4%	COM	007903107
IRM	IRON MTN INC DEL	23,088 (-3.6%)	$1,915 (-21.5%)	0.6%	$57.63	+61.0%	COM	46284V101
SO	SOUTHERN CO	25,772 (-2.9%)	$2,247 (-10.6%)	0.7%	$53.27	+70.6%	COM	842587107
NHI	NATIONAL HEALTH INVS INC	42,607 (-3.2%)	$3,254 (-7.0%)	1.0%	$93.82	—	COM	63633D104
DUK	DUKE ENERGY CORP NEW	8,819 (-3.8%)	$1,034 (-8.9%)	0.3%	$102.86	+18.2%	COM NEW	26441C204

Unchanged Positions (6)

RNR RENAISSANCERE HLDGS LTD 5.1%

Value ($000) $16,500 Shares 58,685 Est. Cost $181.17 Unrealized +45.3%

CB CHUBB LIMITED 5.2%

Value ($000) $16,828 Shares 53,914 Est. Cost $167.44 Unrealized +74.6%

DVN DEVON ENERGY CORP NEW 5.3%

Value ($000) $17,119 Shares 467,342 Est. Cost $34.08 Unrealized +1.9%

V VISA INC 5.0%

Value ($000) $16,242 Shares 46,311 Est. Cost $160.05 Unrealized +112.7%

MA MASTERCARD INCORPORATED 4.8%

Value ($000) $15,695 Shares 27,493 Est. Cost $337.11 Unrealized +65.8%

JPST J P MORGAN EXCHANGE TRADED F 0.2%

Value ($000) $731 Shares 14,446 Est. Cost $56.59 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
RNR	RENAISSANCERE HLDGS LTD	58,685	$16,500	5.1%	$181.17	+45.3%	COM	G7496G103
CB	CHUBB LIMITED	53,914	$16,828	5.2%	$167.44	+74.6%	COM	H1467J104
DVN	DEVON ENERGY CORP NEW	467,342	$17,119	5.3%	$34.08	+1.9%	COM	25179M103
V	VISA INC	46,311	$16,242	5.0%	$160.05	+112.7%	COM CL A	92826C839
MA	MASTERCARD INCORPORATED	27,493	$15,695	4.8%	$337.11	+65.8%	CL A	57636Q104
JPST	J P MORGAN EXCHANGE TRADED F	14,446	$731	0.2%	$56.59	—	ULTRA SHRT ETF	46641Q837