Nepsis Inc.

Minneapolis, MN · CIK 1587643 · 13F filing filed 2023-07-18

SEC-registered investment adviser since 2006 · corporation

Assets managed$344.5m
Staff37 · 18 in investment roles
Main clients (by assets)High net worth individuals 65%, Individuals 35%
Form ADV · 2026-02-04SEC adviser record

Kindwealth
Others nearbyMinneapolis, MN

As an employer

Offices in1 country

Where they work

people there (dot area)number not reportedmain officeHover or tap a dot. Australian and UK companies are placed at their business or registered address, with their staff across the whole country.

Offices

From Form ADV: the main office and the other offices where it does advisory work (at most the 25 largest), with the people doing investment work at each. “About” is worked out: the firm's investment staff less its other offices. Each city links to the other managers there.

City	Country	People
Minneapolis, MN (main office)United States	United States	about 15
Bloomington, MNUnited States	United States	3

Map: places from GeoNames (CC BY 4.0), outlines from Natural Earth.

$324.6m reported value +8.0% vs Q1 2023

30positions

52.1%in top 10

4 new 15 added 11 reduced 3 sold out vs Q1 2023

Holdings, Q2 2023

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	SHOPIFY INC CL A SUB VTG SHS SHOP	SHOP	344,524	$22.3m6.86%	6.86%	Reduced -5.7k	-5,681 -1.6%
2	DEVON ENERGY CORP NEW COM DVN	DVN	408,290	$19.7m6.08%	6.08%	Reduced -1.8k	-1,765 -0.4%
3	ADVANCED MICRO DEVICES INC COM AMD	AMD	167,005	$19.0m5.86%	5.86%	Reduced -273	-273 -0.2%
4	AMERICAN INTL GROUP INC COM NEW AIG	AIG	297,985	$17.1m5.28%	5.28%	Reduced -767	-767 -0.3%
5	RENAISSANCERE HLDGS LTD COM RNR	RNR	90,238	$16.8m5.19%	5.19%	Reduced -302	-302 -0.3%
6	JOHNSON & JOHNSON COM JNJ	JNJ	94,107	$15.6m4.80%	4.80%	Reduced -692	-692 -0.7%
7	QUALCOMM INC COM QCOM	QCOM	130,291	$15.5m4.78%	4.78%	Added +2.5k	+2,537 2.0%
8	PETIQ INC COM CL A PETQ	PETQ	957,331	$14.5m4.47%	4.47%	Added +1.4k	+1,406 0.1%
9	MASTERCARD INCORPORATED CL A MA	MA	36,429	$14.3m4.41%	4.41%	Reduced -129	-129 -0.3%
10	VISA INC COM CL A V	V	60,201	$14.3m4.40%	4.40%	Added +155	+155 0.3%
11	THE CIGNA GROUP COM CI	CI	48,296	$13.6m4.18%	4.18%	Added +884	+884 1.9%
12	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	207,884	$13.3m4.10%	4.10%	Added +3.3k	+3,270 1.6%
13	DIAMONDBACK ENERGY INC COM FANG	FANG	95,626	$12.6m3.87%	3.87%	Added +820	+820 0.9%
14	CHUBB LIMITED COM CB	CB	64,471	$12.4m3.83%	3.83%	Added +543	+543 0.8%
15	RIOT PLATFORMS INC COM RIOT	RIOT	1,030,482	$12.2m3.75%	3.75%	Reduced -432.5k	-432,488 -29.6%
16	PIONEER NAT RES CO COM PXD	PXD	56,837	$11.8m3.63%	3.63%	Added +3.0k	+3,030 5.6%
17	ALPHABET INC CAP STK CL C GOOG	GOOG	87,727	$10.6m3.27%	3.27%	New
18	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	840,749	$10.5m3.25%	3.25%	New
19	HEALTH CATALYST INC COM HCAT	HCAT	842,739	$10.5m3.25%	3.25%	Added +49.2k	+49,160 6.2%
20	F5 INC COM FFIV	FFIV	69,619	$10.2m3.14%	3.14%	Added +1.4k	+1,361 2.0%
21	CYBERARK SOFTWARE LTD SHS CYBR	CYBR	57,388	$9.0m2.76%	2.76%	Reduced -1.0k	-1,025 -1.8%
22	AMGEN INC COM AMGN	AMGN	37,112	$8.2m2.54%	2.54%	New
23	GENERAL MLS INC COM GIS	GIS	64,813	$5.0m1.53%	1.53%	Added +4.8k	+4,807 8.0%
24	IRON MTN INC DEL COM IRM	IRM	66,485	$3.8m1.16%	1.16%	Added +804	+804 1.2%
25	VERIZON COMMUNICATIONS INC COM VZ	VZ	88,763	$3.3m1.02%	1.02%	Added +10.3k	+10,312 13.1%
26	NATIONAL HEALTH INVS INC COM NHI	NHI	55,427	$2.9m0.90%	0.90%	Added +2.5k	+2,481 4.7%
27	J P MORGAN EXCHANGE TRADED F ULTRA SHRT ETF JPST	JPST	39,598	$2.0m0.61%	0.61%	Reduced -865	-865 -2.1%
28	SOUTHERN CO COM SO	SO	26,078	$1.8m0.56%	0.56%	Reduced -839	-839 -3.1%
29	DUKE ENERGY CORP NEW COM NEW DUK	DUK	17,700	$1.6m0.49%	0.49%	Added +4.3k	+4,346 32.5%
30	RISKON INTERNATIONAL INC COM ROII	ROII	95,467	$109.8k0.03%	0.03%	New

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
BLOCK INC XYZ	XYZ	145,113	$10.0m145.1k shares
EVEREST GROUP LTD EG	EG	27,566	$9.9m27.6k shares
ECOARK HLDGS INC		2,930,747	$343.5k2.9m shares