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:
12-31-2024
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:
2 MERIDIAN CROSSINGS
SUITE 400
Minneapolis, MN 55423
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:
Founder, CCO & CIO
Phone:
952-746-2003


Signature, Place, and Date of Signing:

/s/ Mark Pearson
                         [Signature]
Minneapolis, MINNESOTA
                 [City, State]
01-21-2025
                           [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:
27
Form 13F Information table Value Total:
400635232
          (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 INCCOM00790310719,739,139163,417SHSOLE 0 0 163,417
AMERICAN INTL GROUP INCCOM NEW02687478420,008,530274,842SHSOLE 0 0 274,842
AMGEN INCCOM03116210017,194,94265,972SHSOLE 0 0 65,972
APPLIED MATLS INCCOM03822210512,493,020146,994SHSOLE 0 0 146,994
BLOCK INCCL A85223410312,965,345114,941SHSOLE 0 0 114,941
CAVA GROUP INCCOM14892910220,802,72475,290SHSOLE 0 0 75,290
CHUBB LIMITEDCOMH1467J10419,496,93758,523SHSOLE 0 0 58,523
CYBERARK SOFTWARE LTDSHSM2682V10818,404,948562,327SHSOLE 0 0 562,327
DEVON ENERGY CORP NEWCOM25179M1031,695,39715,736SHSOLE 0 0 15,736
DUKE ENERGY CORP NEWCOM NEW26441C2043,567,74055,947SHSOLE 0 0 55,947
GENERAL MLS INCCOM37033410415,302,2732,164,395SHSOLE 0 0 2,164,395
HEALTH CATALYST INCCOM42225T10710,117,57396,257SHSOLE 0 0 96,257
IRON MTN INC DELCOM46284V1012,433,57648,314SHSOLE 0 0 48,314
J P MORGAN EXCHANGE TRADED FULTRA SHRT ETF46641Q83720,868,12139,630SHSOLE 0 0 39,630
MASTERCARD INCORPORATEDCL A57636Q1044,594,72966,302SHSOLE 0 0 66,302
NATIONAL HEALTH INVS INCCOM63633D10416,548,100107,721SHSOLE 0 0 107,721
QUALCOMM INCCOM74752510324,490,70098,431SHSOLE 0 0 98,431
RENAISSANCERE HLDGS LTDCOMG7496G10321,260,268128,983SHSOLE 0 0 128,983
RLI CORPCOM74960710731,529,610296,526SHSOLE 0 0 296,526
SHOPIFY INCCL A82509L10713,811,04889,444SHSOLE 0 0 89,444
SOUTHERN COCOM8425871073,958,68648,089SHSOLE 0 0 48,089
SUPER MICRO COMPUTER INCCOM NEW86800U30213,625,474447,030SHSOLE 0 0 447,030
THE CIGNA GROUPCOM12552310015,037,48054,456SHSOLE 0 0 54,456
UNITED THERAPEUTICS CORP DELCOM91307C10219,378,32654,921SHSOLE 0 0 54,921
VIKING THERAPEUTICS INCCOM92686J106779,69019,376SHSOLE 0 0 19,376
VISA INCCOM CL A92826C83921,412,28467,752SHSOLE 0 0 67,752
WARNER BROS DISCOVERY INCCOM SER A93442310419,118,5721,808,758SHSOLE 0 0 1,808,758