Nepsis Capital Management, Inc.

RIA/Wealth

Nepsis Capital Management, Inc. is a RIA/Wealth based in Lancaster, PA led by Mark William Pearson, reporting $497.8M in AUM as of Q3 2025 with 33% Technology concentration and 52% concentrated in top 10 holdings.

PresidentMark William Pearson

Portfolio Value: $315.3M
Positions: 30
Top Holding: UTHR at 5.9%
Last Reported: Q3 2025

Address147 North Shippen Street, Lancaster, PA, 17602, United States

Top Holdings

Largest long holdings in Nepsis Capital Management, Inc.'s portfolio (52.1% of total portfolio)

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Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 United Therapeutics UTHR	Biotechnology Healthcare	$18.6M	5.90%	-$1.4M Sold	0.10% 44.4K shares	Q3 2024 Held for 1y 2m
2 Advanced Micro Devices AMD	Semiconductors Technology	$18.5M	5.85%	-$3.3M Sold	0.01% 114.1K shares	Q3 2018 Held for 7y 2m
3 Shopify SHOP	Software - Application Technology	$18.1M	5.75%	-$2.7M Sold	0.01% 122.0K shares	Q1 2022 Held for 3y 8m
4 Devon Energy DVN	Oil & Gas Exploration & Production Energy	$16.5M	5.23%	-$1.7M Sold	0.07% 470.6K shares	Q3 2020 Held for 5y 2m
5 Super Micro Computer, Inc. SMCI	Computer Hardware Technology	$16.3M	5.15%	-$3.0M Sold	0.06% 339.1K shares	Q4 2024 Held for 11 months
6 Visa V	Financial - Credit Services Financial Services	$15.7M	4.98%	-$2.5M Sold	0.00% 46.0K shares	Q3 2015 Held for 10y 2m
7 Mastercard MA	Financial - Credit Services Financial Services	$15.6M	4.95%	-$2.4M Sold	0.00% 27.5K shares	Q3 2015 Held for 10y 2m
8 Chubb CB	Insurance - Property & Casualty Financial Services	$15.3M	4.85%	-$2.1M Sold	0.01% 54.2K shares	Q1 2016 Held for 9y 8m
9 Snowflake SNOW	Software - Application Technology	$14.9M	4.73%	-$2.5M Sold	0.02% 66.1K shares	Q1 2025 Held for 8 months
10 RenaissanceRe Holdings RNR	Insurance - Reinsurance Financial Services	$14.9M	4.71%	-$2.0M Sold	0.12% 58.5K shares	Q4 2013 Held for 11y 11m

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Changes

Portfolio activity, position movements, and quarter-over-quarter changes in Nepsis Capital Management, Inc.'s latest filing

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Market Value

$315.3M

Prior: $359.2M

Q/Q Change

-12.21%

-$43.9M

Net Flows % of MV

-19.69%

Turnover Ratio

17.02%

New Purchases

3 stocks

$22.3M

Added To

2 stocks

+$318.5K

Sold Out Of

2 stocks

$25.0M

Reduced Holdings

25 stocks

-$59.7M

Increased Positions

Position	Shares Δ	Change
1 Coinbase Global, Inc. COIN	New	0 → 34.4K +$11.6M
2 Aaon AAON	New	0 → 92.9K +$8.7M
3 Piedmont Office Realty Trust PDM	New	0 → 223.2K +$2.0M
4 General Mills GIS	+11.05%	40.9K → 45.4K +$227.6K
5 CAVA Group CAVA	+1.23%	122.4K → 123.9K +$90.9K

Decreased Positions

Position	Shares Δ	Change
1 CyberArk Software CYBR	Sold	34.2K → 0 −$13.9M
2 Warner Bros. Discovery, Inc. WBD	Sold	969.4K → 0 −$11.1M
3 Reddit RDDT	-46.19%	89.3K → 48.0K −$9.5M
4 Arista Networks ANET	-36.85%	124.9K → 78.9K −$6.7M
5 Uber Technologies UBER	-35.11%	222.9K → 144.7K −$7.7M