New South Capital Management Inc.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 7, 2024), New South Capital Management Inc. reported 60 stock positions worth $2.4 billion. Its top holding was Vertiv Class A (VRT) at 11.1% of the portfolio, followed by AutoZone (AZO, 7.4%) and Zebra Technologies Class A (ZBRA, 5.9%). Compared with Q4 2023, it opened 2 new positions, sold out of 4, added to 16 and reduced 35. The biggest buy was a new position in Royalty Pharma Class A (RPRX) and the biggest sale an exit from Liberty Media Corp.-Liber-New (LSXMK).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0001044797
- Portfolio Value
- $2.4B (Q1 2024)
- SEC Filing
- 0001044797-24-000005 ↗ filed May 7, 2024
Holdings Value
Holdings 60 stocks · $2.4B
| VRT Vertiv Holdings Co. Class A | 11.10% | 3,245,270 | $265.0M | Reduce -37.1% |
| AZO AutoZone Inc. | 7.43% | 56,293 | $177.4M | Reduce -1.5% |
| ZBRA Zebra Technologies Corp. Class A | 5.93% | 470,103 | $141.7M | Reduce -1.2% |
| WCC Wesco International Inc. | 5.25% | 732,254 | $125.4M | Reduce -3.1% |
| OTEX Open Text Corp. | 4.27% | 2,624,758 | $101.9M | Reduce -1.9% |
| FISV Fiserv Inc. | 4.14% | 618,872 | $98.9M | Reduce -2.1% |
| TMO Thermo Fisher Scientific Inc. | 3.87% | 159,126 | $92.5M | Reduce -2.9% |
| MSM MSC Industrial Direct Co. Class A | 2.99% | 735,537 | $71.4M | Reduce -1.9% |
| GIB Cgi Inc. | 2.96% | 639,901 | $70.7M | Reduce -1.1% |
| LKQ LKQ Corp. | 2.63% | 1,176,446 | $62.8M | Reduce -2.2% |
| EEFT Euronet Worldwide Inc. | 2.48% | 538,419 | $59.2M | Add +21.8% |
| KMPR Kemper Corp. | 2.39% | 920,344 | $57.0M | Reduce -3.7% |
| DBRG Digitalbridge Group Inc. | 2.26% | 2,804,213 | $54.0M | Reduce -3.7% |
| ENS Enersys | 2.26% | 570,612 | $53.9M | Reduce -4.4% |
| FDX FedEx Corp. | 2.17% | 178,970 | $51.9M | Add +0.8% |
| ESI Element Solutions Inc. | 1.96% | 1,871,102 | $46.7M | Reduce -4.7% |
| BN Brookfield Corp. | 1.89% | 1,080,172 | $45.2M | Add +0.3% |
| RPRX Royalty Pharma PLC Class A | 1.86% | 1,461,455 | $44.4M | New |
| HHH Howard Hughes Holdings Inc. | 1.84% | 606,591 | $44.1M | Reduce -1.6% |
| HBI Hanesbrands Inc. | 1.84% | 7,584,395 | $44.0M | Reduce -0.5% |
| THS Treehouse Foods Inc. | 1.83% | 1,120,149 | $43.6M | Add +29.0% |
| WBD Warner Bros Discovery Inc. | 1.67% | 4,575,987 | $39.9M | Reduce -2.3% |
| VAC Marriott Vacations World | 1.54% | 342,267 | $36.9M | Reduce -2.2% |
| KFRC Kforce Inc. | 1.53% | 519,629 | $36.6M | Reduce -4.6% |
| AVTR Avantor Inc. | 1.51% | 1,411,033 | $36.1M | Reduce -0.3% |
| OSW Onespaworld Holdings Ltd. | 1.47% | 2,651,046 | $35.1M | Add +10.4% |
| WTW Willis Towers Watson PLC | 1.39% | 120,945 | $33.3M | Add +0.7% |
| SSNC Ss&c Technologies Holdings | 1.37% | 509,127 | $32.8M | Reduce -2.8% |
| FMC FMC Corp. | 1.35% | 507,562 | $32.3M | Add +10.1% |
| EFOR Everforth Inc. filed as ASGN INC | 1.33% | 302,165 | $31.7M | Reduce -2.2% |
| RUSHA Rush Enterprises Inc. Class A | 1.21% | 542,103 | $29.0M | Reduce -4.6% |
| AMN Amn Healthcare Services Inc. | 1.18% | 451,845 | $28.2M | Reduce -2.7% |
| SHOE Shoe Station Group Inc. filed as SHOE CARNIVAL INC | 1.10% | 719,303 | $26.4M | Reduce -4.5% |
| FCFS Firstcash Holdings Inc. | 1.05% | 196,894 | $25.1M | Reduce -4.5% |
| THR Thermon Group Holdings Inc. | 1.01% | 734,185 | $24.0M | Add +10.5% |
| SWK Stanley Black & Decker Inc. | 0.99% | 240,715 | $23.6M | Add +0.1% |
| GTX Garrett Motion Inc. | 0.97% | 2,324,183 | $23.1M | Reduce -4.5% |
| WEX Wex Inc. | 0.83% | 83,282 | $19.8M | Reduce -4.4% |
| HOLX Hologic Inc. | 0.63% | 194,519 | $15.2M | Add +0.4% |
| IWN iShares Russell 2000 Value E | 0.62% | 92,910 | $14.8M | Add +27.5% |
| NVEE NV5 Global Inc. | 0.50% | 122,036 | $12.0M | Reduce -4.6% |
| ARCC Ares Capital Corp. | 0.49% | 562,488 | $11.7M | Reduce -4.4% |
| FIS Fidelity National Info Serv | 0.47% | 149,798 | $11.1M | Add +10.2% |
| AMSF Amerisafe Inc. | 0.43% | 206,796 | $10.4M | Reduce -3.5% |
| BEPC Brookfield Renewable Cor-A | 0.40% | 388,939 | $9.6M | Reduce -0.7% |
| UNF Unifirst Corp. | 0.39% | 53,741 | $9.3M | Reduce -4.6% |
| UPLD Upland Software Inc. | 0.19% | 1,473,037 | $4.6M | Reduce -3.3% |
| BAM Brookfield Asset Mgmt-A | 0.17% | 99,219 | $4.2M | Add +0.9% |
| DOX Amdocs Ltd. | 0.16% | 41,078 | $3.7M | Reduce -0.6% |
| IWR iShares Russell Mid-Cap ETF | 0.15% | 43,750 | $3.7M | Add +45.0% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.14% | 67,328 | $3.5M | Add +2.2% |
| SIRI Sirius XM Holdings Inc. | 0.14% | 885,178 | $3.4M | No change |
| DVY iShares Select Dividend ETF | 0.08% | 15,680 | $1.9M | No change |
| AFRFX Invesco Fltng RT ESG-R6 | 0.07% | 253,085 | $1.7M | Add +2.4% |
| SHY iShares 1-3 Year Treasury Bo | 0.03% | 9,405 | $769K | No change |
| BMY Bristol-Myers Squibb Co. | 0.02% | 7,189 | $390K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.01% | 1,500 | $286K | No change |
| BIP Brookfield Infrastructure Pa | 0.01% | 7,750 | $242K | No change |
| IUSV iShares Core S&P U.S. Value | 0.01% | 2,670 | $241K | New |
| FHN First Horizon Corp. | 0.01% | 10,117 | $156K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| LSXMK Liberty Media Corp.-Liber-New | Sold out | 0.00% | −2.88 |
| WBD Warner Bros Discovery Inc. | Reduce -2.3% | 1.67% | −0.65 |
| OTEX Open Text Corp. | Reduce -1.9% | 4.27% | −0.63 |
| WCC Wesco International Inc. | Reduce -3.1% | 5.25% | −0.48 |
| HHH Howard Hughes Holdings Inc. | Reduce -1.6% | 1.84% | −0.46 |
| ENS Enersys | Reduce -4.4% | 2.26% | −0.37 |
| AMN Amn Healthcare Services Inc. | Reduce -2.7% | 1.18% | −0.33 |
| MSM MSC Industrial Direct Co. Class A | Reduce -1.9% | 2.99% | −0.32 |
| NVEE NV5 Global Inc. | Reduce -4.6% | 0.50% | −0.12 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.12 |
| BEPC Brookfield Renewable Cor-A | Reduce -0.7% | 0.40% | −0.09 |
| UPLD Upland Software Inc. | Reduce -3.3% | 0.19% | −0.09 |
| KFRC Kforce Inc. | Reduce -4.6% | 1.53% | −0.07 |
| GIB Cgi Inc. | Reduce -1.1% | 2.96% | −0.06 |
| GTX Garrett Motion Inc. | Reduce -4.5% | 0.97% | −0.06 |
| UNF Unifirst Corp. | Reduce -4.6% | 0.39% | −0.06 |
| LSXMA Liberty Media Corp. Class A New | Sold out | 0.00% | −0.04 |
| RUSHA Rush Enterprises Inc. Class A | Reduce -4.6% | 1.21% | −0.03 |
| IWV iShares Russell 3000 ETF | Sold out | 0.00% | −0.03 |
| ESI Element Solutions Inc. | Reduce -4.7% | 1.96% | −0.02 |
| ARCC Ares Capital Corp. | Reduce -4.4% | 0.49% | −0.02 |
| SSNC Ss&c Technologies Holdings | Reduce -2.8% | 1.37% | −0.02 |
| DOX Amdocs Ltd. | Reduce -0.6% | 0.16% | −0.00 |
| AMSF Amerisafe Inc. | Reduce -3.5% | 0.43% | −0.00 |
| EFOR Everforth Inc. | Reduce -2.2% | 1.33% | +0.03 |
| DBRG Digitalbridge Group Inc. | Reduce -3.7% | 2.26% | +0.04 |
| FCFS Firstcash Holdings Inc. | Reduce -4.5% | 1.05% | +0.08 |
| TMO Thermo Fisher Scientific Inc. | Reduce -2.9% | 3.87% | +0.08 |
| WEX Wex Inc. | Reduce -4.4% | 0.83% | +0.09 |
| AVTR Avantor Inc. | Reduce -0.3% | 1.51% | +0.10 |
| SHOE Shoe Station Group Inc. | Reduce -4.5% | 1.10% | +0.11 |
| LKQ LKQ Corp. | Reduce -2.2% | 2.63% | +0.12 |
| VAC Marriott Vacations World | Reduce -2.2% | 1.54% | +0.25 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -1.2% | 5.93% | +0.26 |
| VRT Vertiv Holdings Co. Class A | Reduce -37.1% | 11.10% | +0.29 |
| KMPR Kemper Corp. | Reduce -3.7% | 2.39% | +0.36 |
| HBI Hanesbrands Inc. | Reduce -0.5% | 1.84% | +0.36 |
| FISV Fiserv Inc. | Reduce -2.1% | 4.14% | +0.48 |
| AZO AutoZone Inc. | Reduce -1.5% | 7.43% | +0.98 |
Portfolio Buys Q4 2023 → Q1 2024
| RPRX Royalty Pharma PLC Class A | New | 1.86% | +1.86 |
| EEFT Euronet Worldwide Inc. | Add +21.8% | 2.48% | +0.52 |
| THS Treehouse Foods Inc. | Add +29.0% | 1.83% | +0.26 |
| FDX FedEx Corp. | Add +0.8% | 2.17% | +0.21 |
| WTW Willis Towers Watson PLC | Add +0.7% | 1.39% | +0.13 |
| IWN iShares Russell 2000 Value E | Add +27.5% | 0.62% | +0.12 |
| FIS Fidelity National Info Serv | Add +10.2% | 0.47% | +0.11 |
| FMC FMC Corp. | Add +10.1% | 1.35% | +0.09 |
| THR Thermon Group Holdings Inc. | Add +10.5% | 1.01% | +0.06 |
| IWR iShares Russell Mid-Cap ETF | Add +45.0% | 0.15% | +0.05 |
| HOLX Hologic Inc. | Add +0.4% | 0.63% | +0.03 |
| BN Brookfield Corp. | Add +0.3% | 1.89% | +0.01 |
| IUSV iShares Core S&P U.S. Value | New | 0.01% | +0.01 |
| BAM Brookfield Asset Mgmt-A | Add +0.9% | 0.17% | +0.00 |
| AFRFX Invesco Fltng RT ESG-R6 | Add +2.4% | 0.07% | −0.00 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +2.2% | 0.14% | −0.00 |
| OSW Onespaworld Holdings Ltd. | Add +10.4% | 1.47% | −0.01 |
| SWK Stanley Black & Decker Inc. | Add +0.1% | 0.99% | −0.04 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 48 | $2.3B | VRT, WCC, ENS, RPRX, AZO |
| Q1 2026 | 51 | $2.1B | VRT, WCC, ENS, AZO, RPRX |
| Q4 2025 | 56 | $2.2B | VRT, WCC, AZO, ENS, RPRX |
| Q3 2025 | 57 | $2.2B | VRT, AZO, WCC, ZBRA, RPRX |
| Q2 2025 | 57 | $2.1B | VRT, AZO, ZBRA, WCC, RPRX |
| Q1 2025 | 63 | $2.1B | AZO, VRT, ZBRA, FISV, WCC |
| Q4 2024 | 65 | $2.4B | VRT, AZO, ZBRA, WCC, FISV |
| Q3 2024 | 62 | $2.4B | VRT, AZO, ZBRA, WCC, FISV |
| Q2 2024 | 60 | $2.2B | VRT, AZO, ZBRA, WCC, FISV |
| Q1 2024 | 60 | $2.4B | VRT, AZO, ZBRA, WCC, OTEX |