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:
06-30-2023
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]
07-17-2023
                           [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:
324558794
          (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 INCCOM00790310719,023,540167,005SHSOLE 0 0 167,005
ALPHABET INCCAP STK CL C02079K10710,612,33587,727SHSOLE 0 0 87,727
AMERICAN INTL GROUP INCCOM NEW02687478417,146,045297,985SHSOLE 0 0 297,985
AMGEN INCCOM0311621008,239,60637,112SHSOLE 0 0 37,112
BITNILE METAVERSE INCCOM27888N406109,78795,467SHSOLE 0 0 95,467
BRISTOL-MYERS SQUIBB COCOM11012210813,294,191207,884SHSOLE 0 0 207,884
CHUBB LIMITEDCOMH1467J10412,414,44664,471SHSOLE 0 0 64,471
CYBERARK SOFTWARE LTDSHSM2682V1088,971,46657,388SHSOLE 0 0 57,388
DEVON ENERGY CORP NEWCOM25179M10319,736,737408,290SHSOLE 0 0 408,290
DIAMONDBACK ENERGY INCCOM25278X10912,561,43195,626SHSOLE 0 0 95,626
DUKE ENERGY CORP NEWCOM NEW26441C2041,588,39817,700SHSOLE 0 0 17,700
F5 INCCOM31561610210,182,47569,619SHSOLE 0 0 69,619
GENERAL MLS INCCOM3703341044,971,15764,813SHSOLE 0 0 64,813
HEALTH CATALYST INCCOM42225T10710,534,238842,739SHSOLE 0 0 842,739
IRON MTN INC DELCOM46284V1013,777,67866,485SHSOLE 0 0 66,485
J P MORGAN EXCHANGE TRADED FULTRA SHRT INC46641Q8371,985,44439,598SHSOLE 0 0 39,598
JOHNSON & JOHNSONCOM47816010415,576,59194,107SHSOLE 0 0 94,107
MASTERCARD INCORPORATEDCL A57636Q10414,327,60036,429SHSOLE 0 0 36,429
NATIONAL HEALTH INVS INCCOM63633D1042,905,48355,427SHSOLE 0 0 55,427
PETIQ INCCOM CL A71639T10614,522,711957,331SHSOLE 0 0 957,331
PIONEER NAT RES COCOM72378710711,775,49056,837SHSOLE 0 0 56,837
QUALCOMM INCCOM74752510315,509,841130,291SHSOLE 0 0 130,291
RENAISSANCERE HLDGS LTDCOMG7496G10316,831,19590,238SHSOLE 0 0 90,238
RIOT PLATFORMS INCCOM76729210512,180,2971,030,482SHSOLE 0 0 1,030,482
SHOPIFY INCCL A82509L10722,256,250344,524SHSOLE 0 0 344,524
SOUTHERN COCOM8425871071,831,98026,078SHSOLE 0 0 26,078
THE CIGNA GROUPCOM12552310013,551,85848,296SHSOLE 0 0 48,296
VERIZON COMMUNICATIONS INCCOM92343V1043,301,09688,763SHSOLE 0 0 88,763
VISA INCCOM CL A92826C83914,296,43660,201SHSOLE 0 0 60,201
WARNER BROS DISCOVERY INCCOM SER A93442310410,542,992840,749SHSOLE 0 0 840,749