New South Capital Management Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 6, 2025), New South Capital Management Inc. reported 57 stock positions worth $2.2 billion. Its top holding was Vertiv Class A (VRT) at 11.6% of the portfolio, followed by AutoZone (AZO, 8.8%) and Wesco International (WCC, 6.0%). Compared with Q2 2025, it opened 2 new positions, sold out of 2, added to 21 and reduced 28. The biggest buy was Enersys (ENS, shares +23%) and the biggest sale Zebra Technologies Class A (ZBRA, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0001044797
- Portfolio Value
- $2.2B (Q3 2025)
- SEC Filing
- 0001044797-25-000006 ↗ filed Nov 6, 2025
Holdings Value
Holdings 57 stocks · $2.2B
| VRT Vertiv Holdings Co. Class A | 11.57% | 1,682,455 | $253.8M | Reduce -8.6% |
| AZO AutoZone Inc. | 8.76% | 44,792 | $192.2M | Reduce -3.4% |
| WCC Wesco International Inc. | 6.01% | 623,379 | $131.8M | Reduce -0.5% |
| ZBRA Zebra Technologies Corp. Class A | 5.34% | 394,101 | $117.1M | Reduce -1.2% |
| RPRX Royalty Pharma PLC Class A | 4.69% | 2,918,263 | $103.0M | Add +1.1% |
| ENS Enersys | 4.42% | 857,600 | $96.9M | Add +22.6% |
| OTEX Open Text Corp. | 3.99% | 2,343,774 | $87.6M | Add +0.3% |
| EEFT Euronet Worldwide Inc. | 3.42% | 853,542 | $74.9M | Add +19.9% |
| TMO Thermo Fisher Scientific Inc. | 3.28% | 148,290 | $71.9M | Reduce -1.6% |
| FISV Fiserv Inc. | 2.99% | 507,980 | $65.5M | Add +4.1% |
| BN Brookfield Corp. | 2.96% | 945,430 | $64.8M | Add +0.2% |
| ESI Element Solutions Inc. | 2.92% | 2,546,952 | $64.1M | Add +1.3% |
| MSM MSC Industrial Direct Co. Class A | 2.63% | 625,003 | $57.6M | Reduce -0.3% |
| SSNC Ss&c Technologies Holdings | 2.52% | 622,886 | $55.3M | Reduce -5.2% |
| GTX Garrett Motion Inc. | 2.35% | 3,779,251 | $51.5M | Reduce -0.3% |
| NICE Nice Ltd. - Spon ADR | 2.07% | 313,680 | $45.4M | Add +2.4% |
| DBRG Digitalbridge Group Inc. | 2.02% | 3,777,363 | $44.2M | Reduce -0.2% |
| GIB Cgi Inc. | 1.96% | 482,207 | $43.0M | Add +0.0% |
| OSW Onespaworld Holdings Ltd. | 1.87% | 1,936,994 | $40.9M | Reduce -0.9% |
| HBI Hanesbrands Inc. | 1.86% | 6,190,807 | $40.8M | Reduce -0.4% |
| KMPR Kemper Corp. | 1.85% | 788,567 | $40.7M | Add +1.8% |
| LKQ LKQ Corp. | 1.83% | 1,313,761 | $40.1M | Add +0.7% |
| FDX FedEx Corp. | 1.82% | 169,539 | $40.0M | Reduce -0.1% |
| WTW Willis Towers Watson PLC | 1.65% | 104,748 | $36.2M | Reduce -1.9% |
| FCFS Firstcash Holdings Inc. | 1.36% | 188,678 | $29.9M | Reduce -0.8% |
| AVTR Avantor Inc. | 1.04% | 1,830,126 | $22.8M | Add +1.1% |
| VAC Marriott Vacations World | 1.01% | 332,721 | $22.1M | Add +0.1% |
| EFOR Everforth Inc. filed as ASGN INC | 0.98% | 456,116 | $21.6M | Add +46.0% |
| BEPC Brookfield Renewable Corp. | 0.98% | 621,580 | $21.4M | Add +1.8% |
| KFRC Kforce Inc. | 0.97% | 709,550 | $21.3M | Add +18.1% |
| RUSHA Rush Enterprises Inc. Class A | 0.89% | 364,716 | $19.5M | Reduce -1.2% |
| FMC FMC Corp. | 0.82% | 534,897 | $18.0M | Add +0.3% |
| SHOE Shoe Station Group Inc. filed as SHOE CARNIVAL INC | 0.64% | 675,045 | $14.0M | Reduce -2.0% |
| SWK Stanley Black & Decker Inc. | 0.63% | 186,962 | $13.9M | Reduce -1.3% |
| HDSN Hudson Technologies Inc. | 0.60% | 1,334,337 | $13.2M | Reduce -1.2% |
| THR Thermon Group Holdings Inc. | 0.60% | 493,619 | $13.2M | Reduce -1.2% |
| CCSI Consensus Cloud Solution | 0.58% | 429,574 | $12.6M | Add +38.6% |
| HOLX Hologic Inc. | 0.50% | 161,865 | $10.9M | Add +2.5% |
| AMN Amn Healthcare Services Inc. | 0.48% | 540,702 | $10.5M | Reduce -0.6% |
| CCS Century Communities Inc. | 0.46% | 158,238 | $10.0M | New |
| THS Treehouse Foods Inc. | 0.38% | 409,311 | $8.3M | Reduce -3.3% |
| ARCC Ares Capital Corp. | 0.36% | 386,537 | $7.9M | Reduce -1.1% |
| IMXI International Money Express | 0.29% | 461,671 | $6.4M | Reduce -45.8% |
| UNF Unifirst Corp. | 0.27% | 35,952 | $6.0M | Reduce -1.2% |
| AMSF Amerisafe Inc. | 0.27% | 135,946 | $6.0M | Reduce -3.0% |
| WEX Wex Inc. | 0.26% | 36,865 | $5.8M | Add +1.6% |
| BAM Brookfield Asset Mgmt-A | 0.21% | 81,484 | $4.6M | Reduce -0.2% |
| IWR iShares Russell Mid-Cap ETF | 0.15% | 33,730 | $3.3M | No change |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.14% | 57,225 | $3.0M | Add +3.1% |
| UPLD Upland Software Inc. | 0.10% | 965,263 | $2.3M | Reduce -2.8% |
| DVY iShares Select Dividend ETF | 0.10% | 15,680 | $2.2M | No change |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.05% | 1,564 | $1.0M | New |
| SHY iShares 1-3 Year Treasury Bo | 0.03% | 9,125 | $757K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.02% | 1,500 | $423K | No change |
| IWN iShares Russell 2000 Value E | 0.02% | 1,910 | $338K | Reduce -78.6% |
| BMY Bristol-Myers Squibb Co. | 0.01% | 7,189 | $324K | No change |
| FHN First Horizon Corp. | 0.01% | 10,117 | $229K | No change |
Portfolio Sells Q2 2025 → Q3 2025
| ZBRA Zebra Technologies Corp. Class A | Reduce -1.2% | 5.34% | −0.61 |
| NVEE NV5 Global Inc. | Sold out | 0.00% | −0.37 |
| IMXI International Money Express | Reduce -45.8% | 0.29% | −0.12 |
| SSNC Ss&c Technologies Holdings | Reduce -5.2% | 2.52% | −0.11 |
| AFRFX Invesco Fltng RT ESG-R6 | Sold out | 0.00% | −0.09 |
| THR Thermon Group Holdings Inc. | Reduce -1.2% | 0.60% | −0.08 |
| AMN Amn Healthcare Services Inc. | Reduce -0.6% | 0.48% | −0.07 |
| OSW Onespaworld Holdings Ltd. | Reduce -0.9% | 1.87% | −0.06 |
| UNF Unifirst Corp. | Reduce -1.2% | 0.27% | −0.06 |
| ARCC Ares Capital Corp. | Reduce -1.1% | 0.36% | −0.06 |
| IWN iShares Russell 2000 Value E | Reduce -78.6% | 0.02% | −0.05 |
| FDX FedEx Corp. | Reduce -0.1% | 1.82% | −0.05 |
| RUSHA Rush Enterprises Inc. Class A | Reduce -1.2% | 0.89% | −0.03 |
| AMSF Amerisafe Inc. | Reduce -3.0% | 0.27% | −0.03 |
| THS Treehouse Foods Inc. | Reduce -3.3% | 0.38% | −0.02 |
| BAM Brookfield Asset Mgmt-A | Reduce -0.2% | 0.21% | −0.01 |
| UPLD Upland Software Inc. | Reduce -2.8% | 0.10% | +0.01 |
| SWK Stanley Black & Decker Inc. | Reduce -1.3% | 0.63% | +0.01 |
| SHOE Shoe Station Group Inc. | Reduce -2.0% | 0.64% | +0.02 |
| MSM MSC Industrial Direct Co. Class A | Reduce -0.3% | 2.63% | +0.04 |
| WTW Willis Towers Watson PLC | Reduce -1.9% | 1.65% | +0.06 |
| HDSN Hudson Technologies Inc. | Reduce -1.2% | 0.60% | +0.07 |
| DBRG Digitalbridge Group Inc. | Reduce -0.2% | 2.02% | +0.12 |
| FCFS Firstcash Holdings Inc. | Reduce -0.8% | 1.36% | +0.12 |
| VRT Vertiv Holdings Co. Class A | Reduce -8.6% | 11.57% | +0.13 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.6% | 3.28% | +0.32 |
| WCC Wesco International Inc. | Reduce -0.5% | 6.01% | +0.39 |
| GTX Garrett Motion Inc. | Reduce -0.3% | 2.35% | +0.42 |
| AZO AutoZone Inc. | Reduce -3.4% | 8.76% | +0.43 |
| HBI Hanesbrands Inc. | Reduce -0.4% | 1.86% | +0.48 |
Portfolio Buys Q2 2025 → Q3 2025
| ENS Enersys | Add +22.6% | 4.42% | +1.51 |
| OTEX Open Text Corp. | Add +0.3% | 3.99% | +0.69 |
| CCS Century Communities Inc. | New | 0.46% | +0.46 |
| EFOR Everforth Inc. | Add +46.0% | 0.98% | +0.23 |
| CCSI Consensus Cloud Solution | Add +38.6% | 0.58% | +0.23 |
| ESI Element Solutions Inc. | Add +1.3% | 2.92% | +0.17 |
| BN Brookfield Corp. | Add +0.2% | 2.96% | +0.13 |
| SPY SS SPDR S&P 500 ETF Trust-US | New | 0.05% | +0.05 |
| WEX Wex Inc. | Add +1.6% | 0.26% | +0.01 |
| BEPC Brookfield Renewable Corp. | Add +1.8% | 0.98% | +0.01 |
| HOLX Hologic Inc. | Add +2.5% | 0.50% | +0.00 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +3.1% | 0.14% | −0.00 |
| EEFT Euronet Worldwide Inc. | Add +19.9% | 3.42% | −0.08 |
| AVTR Avantor Inc. | Add +1.1% | 1.04% | −0.14 |
| VAC Marriott Vacations World | Add +0.1% | 1.01% | −0.15 |
| KFRC Kforce Inc. | Add +18.1% | 0.97% | −0.23 |
| FMC FMC Corp. | Add +0.3% | 0.82% | −0.26 |
| RPRX Royalty Pharma PLC Class A | Add +1.1% | 4.69% | −0.34 |
| NICE Nice Ltd. - Spon ADR | Add +2.4% | 2.07% | −0.43 |
| GIB Cgi Inc. | Add +0.0% | 1.96% | −0.49 |
| LKQ LKQ Corp. | Add +0.7% | 1.83% | −0.51 |
| KMPR Kemper Corp. | Add +1.8% | 1.85% | −0.57 |
| FISV Fiserv Inc. | Add +4.1% | 2.99% | −1.09 |
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 |