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Nepsis Inc.

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13F filer, CIK 1587643, Minneapolis, MN

Nepsis Inc. reported $315,346,483 across 30 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-10-24. Its ten largest share positions make up 52.12% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001587643-25-000007

Period
2025-09-30
Reported value
$315M
Holdings
30
Top 10 weight
52.12%
New
3
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
COINnew+34,426$11.6M
AAONnew+92,916$8.68M
PDMnew+223,179$2.01M
GISadded+4,514$228K
CAVAadded+1,505$90.9K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
CYBERARK SOFTWARE LTD/ISRAELexited-34,236-$13.9M
WBDexited-969,412-$11.1M
RDDTreduced-41,223-$9.48M
UBERreduced-78,263-$7.67M
ANETreduced-46,009-$6.7M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2025

Share positions as resolved from 13F-HR 0001587643-25-000007, largest first. % of portfolio is the value over $315,346,483, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
UTHRUNITED THERAPEUTICS CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,808 shares; 2024Q4: 54,921 shares; 2025Q1: 58,574 shares; 2025Q2: 47,772 shares; 2025Q3: 44,416 shares 44,416$18.6M5.9%-3,356Timeline
AMDADVANCED MICRO DEVICES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 159,673 shares; 2024Q4: 163,417 shares; 2025Q1: 162,888 shares; 2025Q2: 134,635 shares; 2025Q3: 114,115 shares 114,115$18.5M5.85%-20,520Timeline
SHOPSHOPIFY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 323,259 shares; 2024Q4: 89,444 shares; 2025Q1: 175,706 shares; 2025Q2: 140,469 shares; 2025Q3: 121,994 shares 121,994$18.1M5.75%-18,475Timeline
DVNDEVON ENERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 486,781 shares; 2024Q4: 15,736 shares; 2025Q1: 637,398 shares; 2025Q2: 520,336 shares; 2025Q3: 470,612 shares 470,612$16.5M5.23%-49,724Timeline
SMCISUPER MICRO COMPUTER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 447,030 shares; 2025Q1: 496,344 shares; 2025Q2: 401,439 shares; 2025Q3: 339,056 shares 339,056$16.3M5.15%-62,383Timeline
VVISA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 64,392 shares; 2024Q4: 67,752 shares; 2025Q1: 64,884 shares; 2025Q2: 53,272 shares; 2025Q3: 46,017 shares 46,017$15.7M4.98%-7,255Timeline
MAMASTERCARD INCORPORATEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 38,483 shares; 2024Q4: 66,302 shares; 2025Q1: 38,578 shares; 2025Q2: 31,638 shares; 2025Q3: 27,450 shares 27,450$15.6M4.95%-4,188Timeline
CBCHUBB LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 74,125 shares; 2024Q4: 58,523 shares; 2025Q1: 75,192 shares; 2025Q2: 61,648 shares; 2025Q3: 54,199 shares 54,199$15.3M4.85%-7,449Timeline
SNOWSNOWFLAKE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 94,397 shares; 2025Q2: 77,175 shares; 2025Q3: 66,094 shares 66,094$14.9M4.73%-11,081Timeline
RNRRENAISSANCERE HLDGS LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 97,068 shares; 2024Q4: 128,983 shares; 2025Q1: 80,389 shares; 2025Q2: 66,475 shares; 2025Q3: 58,526 shares 58,526$14.9M4.71%-7,949Timeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 277,932 shares; 2025Q2: 222,924 shares; 2025Q3: 144,661 shares 144,661$14.2M4.49%-78,263Timeline
AMGNAMGEN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 59,715 shares; 2024Q4: 65,972 shares; 2025Q1: 68,752 shares; 2025Q2: 55,998 shares; 2025Q3: 49,314 shares 49,314$13.9M4.41%-6,684Timeline
RLIRLI CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 124,156 shares; 2024Q4: 296,526 shares; 2025Q1: 271,551 shares; 2025Q2: 221,494 shares; 2025Q3: 199,222 shares 199,222$13M4.12%-22,272Timeline
COINCOINBASE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 34,426 shares 34,426$11.6M3.68%newTimeline
ANETARISTA NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 141,118 shares; 2025Q2: 124,862 shares; 2025Q3: 78,853 shares 78,853$11.5M3.64%-46,009Timeline
AIGAMERICAN INTL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 268,334 shares; 2024Q4: 274,842 shares; 2025Q1: 195,546 shares; 2025Q2: 163,952 shares; 2025Q3: 144,351 shares 144,351$11.3M3.6%-19,601Timeline
CITHE CIGNA GROUPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 49,435 shares; 2024Q4: 54,456 shares; 2025Q1: 53,542 shares; 2025Q2: 40,690 shares; 2025Q3: 38,840 shares 38,840$11.2M3.55%-1,850Timeline
RDDTREDDIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 97,149 shares; 2025Q2: 89,256 shares; 2025Q3: 48,033 shares 48,033$11M3.5%-41,223Timeline
ARMARM HOLDINGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 85,987 shares; 2025Q2: 83,720 shares; 2025Q3: 69,646 shares 69,646$9.85M3.12%-14,074Timeline
AAONAAON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 92,916 shares 92,916$8.68M2.75%newTimeline
BMYBRISTOL-MYERS SQUIBB COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 70,768 shares; 2024Q4: not reported; 2025Q1: 224,806 shares; 2025Q2: 213,518 shares; 2025Q3: 183,297 shares 183,297$8.27M2.62%-30,221Timeline
CAVACAVA GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 147,507 shares; 2024Q4: 75,290 shares; 2025Q1: 135,055 shares; 2025Q2: 122,413 shares; 2025Q3: 123,918 shares 123,918$7.49M2.37%+1,505Timeline
HCATHEALTH CATALYST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,104,528 shares; 2024Q4: 96,257 shares; 2025Q1: 2,090,812 shares; 2025Q2: 1,725,065 shares; 2025Q3: 1,513,032 shares 1,513,032$4.31M1.37%-212,033Timeline
NHINATIONAL HEALTH INVS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 67,808 shares; 2024Q4: 107,721 shares; 2025Q1: 60,776 shares; 2025Q2: 53,434 shares; 2025Q3: 43,994 shares 43,994$3.5M1.11%-9,440Timeline
SOSOUTHERN COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 49,180 shares; 2024Q4: 48,089 shares; 2025Q1: 44,393 shares; 2025Q2: 33,191 shares; 2025Q3: 26,539 shares 26,539$2.52M0.8%-6,652Timeline
IRMIRON MTN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 96,582 shares; 2024Q4: 48,314 shares; 2025Q1: 41,070 shares; 2025Q2: 31,994 shares; 2025Q3: 23,942 shares 23,942$2.44M0.77%-8,052Timeline
GISGENERAL MILLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 60,042 shares; 2024Q4: 2,164,395 shares; 2025Q1: 55,245 shares; 2025Q2: 40,852 shares; 2025Q3: 45,366 shares 45,366$2.29M0.73%+4,514Timeline
PDMPIEDMONT REALTY TRUST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 223,179 shares 223,179$2.01M0.64%newTimeline
DUKDUKE ENERGY CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 16,129 shares; 2024Q4: 55,947 shares; 2025Q1: 14,751 shares; 2025Q2: 11,061 shares; 2025Q3: 9,164 shares 9,164$1.13M0.36%-1,897Timeline
JPSTJ P MORGAN EXCHANGE TRADED FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 39,044 shares; 2024Q4: 39,630 shares; 2025Q1: 46,476 shares; 2025Q2: 21,057 shares; 2025Q3: 14,508 shares 14,508$736K0.23%-6,549Timeline

Sold out in Q3 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
CYBERARK SOFTWARE LTD/ISRAELCYBERARK SOFTWARE LTD/ISRAEL34,236$13.9Mshares
WBDWARNER BROS DISCOVERY INC969,412$11.1Mshares

How Q3 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001587643-25-000007 base2025-10-24acceptance time not in the bulk data set