UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
Report for the Calendar Year or Quarter Ended:
09-30-2022
Check here if Amendment: ☐ Amendment Number:
This Amendment (Check only one.):☐ is a restatement.
☐ adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
Nepsis Inc.
Address:
8674 Eagle Creek Circle
Minneapolis, MN 55378
Form 13F File Number:
028-15765

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Mark Pearson
Title:
President, CCO & CIO
Phone:
952-746-2003


Signature, Place, and Date of Signing:

/s/ Mark Pearson
                         [Signature]
Minneapolis, MINNESOTA
                 [City, State]
10-31-2022
                           [Date]
                          

Report Type (Check only one.):

☒ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

☐ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

☐ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
30
Form 13F Information table Value Total:
276690
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8
COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
ADVANCED MICRO DEVICES INCCOM0079031079,206145,299SHSOLE 0 0 145,299
AMERICAN INTL GROUP INCCOM NEW02687478414,089296,741SHSOLE 0 0 296,741
BLOCK INCCL A85223410310,204185,563SHSOLE 0 0 185,563
BRISTOL-MYERS SQUIBB COCOM11012210812,738179,179SHSOLE 0 0 179,179
CHUBB LIMITEDCOMH1467J10412,95771,241SHSOLE 0 0 71,241
CIGNA CORP NEWCOM12552310012,80846,160SHSOLE 0 0 46,160
CVS HEALTH CORPCOM12665010014,900156,239SHSOLE 0 0 156,239
CYBERARK SOFTWARE LTDSHSM2682V10810,17567,860SHSOLE 0 0 67,860
DEVON ENERGY CORP NEWCOM25179M10324,534408,021SHSOLE 0 0 408,021
DIAMONDBACK ENERGY INCCOM25278X10910,07983,672SHSOLE 0 0 83,672
DUKE ENERGY CORP NEWCOM NEW26441C2041,29413,914SHSOLE 0 0 13,914
ECOARK HLDGS INCCOM NEW27888N3073,6312,793,410SHSOLE 0 0 2,793,410
F5 INCCOM31561610211,10276,706SHSOLE 0 0 76,706
FIRST SOLAR INCCOM3364331077,49956,695SHSOLE 0 0 56,695
FUBOTV INCCOM35953D1045,5851,573,286SHSOLE 0 0 1,573,286
GENERAL MLS INCCOM3703341045,30369,223SHSOLE 0 0 69,223
HEALTH CATALYST INCCOM42225T1078,020826,841SHSOLE 0 0 826,841
IRON MTN INC DELCOM46284V1012,83764,517SHSOLE 0 0 64,517
J P MORGAN EXCHANGE TRADED FULTRA SHRT INC46641Q8372,15442,943SHSOLE 0 0 42,943
JOHNSON & JOHNSONCOM47816010414,13886,542SHSOLE 0 0 86,542
MASTERCARD INCORPORATEDCL A57636Q10410,62237,356SHSOLE 0 0 37,356
NATIONAL HEALTH INVS INCCOM63633D1042,81649,810SHSOLE 0 0 49,810
PETIQ INCCOM CL A71639T1063,301478,372SHSOLE 0 0 478,372
PIONEER NAT RES COCOM72378710710,74749,635SHSOLE 0 0 49,635
QUALCOMM INCCOM74752510313,872122,786SHSOLE 0 0 122,786
RENAISSANCERE HLDGS LTDCOMG7496G10316,259115,812SHSOLE 0 0 115,812
SHOPIFY INCCL A82509L1079,211341,893SHSOLE 0 0 341,893
SOUTHERN COCOM8425871071,90127,955SHSOLE 0 0 27,955
VERIZON COMMUNICATIONS INCCOM92343V1043,65296,190SHSOLE 0 0 96,190
VISA INCCOM CL A92826C83911,05662,234SHSOLE 0 0 62,234