New South Capital Management Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 12, 2026), New South Capital Management Inc. reported 56 stock positions worth $2.2 billion. Its top holding was Vertiv Class A (VRT) at 10.3% of the portfolio, followed by Wesco International (WCC, 7.0%) and AutoZone (AZO, 6.9%). Compared with Q3 2025, it opened 3 new positions, sold out of 4, added to 13 and reduced 34. The biggest buy was a new position in Gildan Activewear (GIL) and the biggest sale AutoZone (AZO, shares −2%).
- Most Recent 13F
- Q2 2026
- Location
- MEMPHIS, TN
- CIK
- 0001044797
- Portfolio Value
- $2.2B (Q4 2025)
- SEC Filing
- 0001044797-26-000002 ↗ filed Feb 12, 2026
Holdings Value
Holdings 56 stocks · $2.2B
| VRT Vertiv Holdings Co. Class A | 10.32% | 1,383,908 | $224.2M | Reduce -17.7% |
| WCC Wesco International Inc. | 6.95% | 617,676 | $151.1M | Reduce -0.9% |
| AZO AutoZone Inc. | 6.88% | 44,097 | $149.6M | Reduce -1.6% |
| ENS Enersys | 5.73% | 848,114 | $124.5M | Reduce -1.1% |
| RPRX Royalty Pharma PLC Class A | 5.21% | 2,928,778 | $113.2M | Add +0.4% |
| ZBRA Zebra Technologies Corp. Class A | 4.35% | 389,744 | $94.6M | Reduce -1.1% |
| TMO Thermo Fisher Scientific Inc. | 3.90% | 146,458 | $84.9M | Reduce -1.2% |
| OTEX Open Text Corp. | 3.49% | 2,324,899 | $75.7M | Reduce -0.8% |
| DBRG Digitalbridge Group Inc. | 3.23% | 4,571,797 | $70.1M | Add +21.0% |
| BN Brookfield Corp. | 2.99% | 1,416,531 | $65.0M | Reduce -0.1% |
| GTX Garrett Motion Inc. | 2.97% | 3,708,277 | $64.6M | Reduce -1.9% |
| ESI Element Solutions Inc. | 2.89% | 2,516,085 | $62.9M | Reduce -1.2% |
| FISV Fiserv Inc. | 2.72% | 881,522 | $59.2M | Add +73.5% |
| SSNC Ss&c Technologies Holdings | 2.52% | 625,340 | $54.7M | Add +0.4% |
| EEFT Euronet Worldwide Inc. | 2.50% | 713,325 | $54.3M | Reduce -16.4% |
| MSM MSC Industrial Direct Co. Class A | 2.41% | 621,898 | $52.3M | Reduce -0.5% |
| FDX FedEx Corp. | 2.24% | 168,207 | $48.6M | Reduce -0.8% |
| GIB Cgi Inc. | 2.13% | 500,397 | $46.2M | Add +3.8% |
| GIL Gildan Activewear Inc. | 1.97% | 685,415 | $42.8M | New |
| WEX Wex Inc. | 1.84% | 268,023 | $39.9M | Add +627.0% |
| OSW Onespaworld Holdings Ltd. | 1.76% | 1,848,669 | $38.3M | Reduce -4.6% |
| LKQ LKQ Corp. | 1.70% | 1,221,119 | $36.9M | Reduce -7.0% |
| CCS Century Communities Inc. | 1.66% | 609,425 | $36.2M | Add +285.1% |
| WTW Willis Towers Watson PLC | 1.57% | 103,863 | $34.1M | Reduce -0.8% |
| KMPR Kemper Corp. | 1.44% | 773,462 | $31.4M | Reduce -1.9% |
| EFOR Everforth Inc. filed as ASGN INC | 1.41% | 635,011 | $30.6M | Add +39.2% |
| FCFS Firstcash Holdings Inc. | 1.35% | 183,631 | $29.3M | Reduce -2.7% |
| NICE Nice Ltd. - Spon ADR | 1.29% | 247,427 | $28.0M | Reduce -21.1% |
| BEPC Brookfield Renewable Corp. | 1.07% | 608,064 | $23.3M | Reduce -2.2% |
| VAC Marriott Vacations World | 1.02% | 382,869 | $22.1M | Add +15.1% |
| KFRC Kforce Inc. | 0.99% | 697,895 | $21.6M | Reduce -1.6% |
| AVTR Avantor Inc. | 0.96% | 1,811,887 | $20.8M | Reduce -1.0% |
| RUSHA Rush Enterprises Inc. Class A | 0.87% | 350,755 | $18.9M | Reduce -3.8% |
| THR Thermon Group Holdings Inc. | 0.81% | 474,599 | $17.6M | Reduce -3.9% |
| SWK Stanley Black & Decker Inc. | 0.64% | 187,569 | $13.9M | Add +0.3% |
| SHOE Shoe Station Group Inc. filed as SHOE CARNIVAL INC | 0.58% | 744,519 | $12.6M | Add +10.3% |
| HOLX Hologic Inc. | 0.55% | 161,176 | $12.0M | Reduce -0.4% |
| CCSI Consensus Cloud Solution | 0.47% | 470,453 | $10.3M | Add +9.5% |
| HDSN Hudson Technologies Inc. | 0.40% | 1,283,528 | $8.8M | Reduce -3.8% |
| THS Treehouse Foods Inc. | 0.39% | 361,253 | $8.5M | Reduce -11.7% |
| ARCC Ares Capital Corp. | 0.35% | 373,058 | $7.5M | Reduce -3.5% |
| UNF Unifirst Corp. | 0.31% | 34,624 | $6.7M | Reduce -3.7% |
| AMSF Amerisafe Inc. | 0.23% | 130,082 | $5.0M | Reduce -4.3% |
| BAM Brookfield Asset Mgmt-A | 0.19% | 78,065 | $4.1M | Reduce -4.2% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.14% | 57,225 | $3.0M | No change |
| IWR iShares Russell Mid-Cap ETF | 0.11% | 25,800 | $2.5M | Reduce -23.5% |
| DVY iShares Select Dividend ETF | 0.10% | 15,680 | $2.2M | No change |
| AMN Amn Healthcare Services Inc. | 0.09% | 128,716 | $2.0M | Reduce -76.2% |
| IWN iShares Russell 2000 Value E | 0.08% | 9,890 | $1.8M | Add +417.8% |
| UPLD Upland Software Inc. | 0.06% | 887,094 | $1.3M | Reduce -8.1% |
| SPDR S&P 500 ETF Trust | 0.05% | 1,564 | $1.1M | New |
| SMMD iShares Russell 2500 ETF | 0.04% | 11,825 | $886K | New |
| SHY iShares 1-3 Year Treasury Bo | 0.03% | 9,125 | $756K | No change |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.02% | 1,500 | $444K | No change |
| BMY Bristol-Myers Squibb Co. | 0.02% | 7,189 | $388K | No change |
| FHN First Horizon Corp. | 0.01% | 10,117 | $242K | No change |
Portfolio Sells Q3 2025 → Q4 2025
| AZO AutoZone Inc. | Reduce -1.6% | 6.88% | −1.88 |
| HBI Hanesbrands Inc. | Sold out | 0.00% | −1.86 |
| VRT Vertiv Holdings Co. Class A | Reduce -17.7% | 10.32% | −1.26 |
| ZBRA Zebra Technologies Corp. Class A | Reduce -1.1% | 4.35% | −0.99 |
| EEFT Euronet Worldwide Inc. | Reduce -16.4% | 2.50% | −0.92 |
| FMC FMC Corp. | Sold out | 0.00% | −0.82 |
| NICE Nice Ltd. - Spon ADR | Reduce -21.1% | 1.29% | −0.78 |
| OTEX Open Text Corp. | Reduce -0.8% | 3.49% | −0.51 |
| KMPR Kemper Corp. | Reduce -1.9% | 1.44% | −0.41 |
| AMN Amn Healthcare Services Inc. | Reduce -76.2% | 0.09% | −0.38 |
| IMXI International Money Express | Sold out | 0.00% | −0.29 |
| MSM MSC Industrial Direct Co. Class A | Reduce -0.5% | 2.41% | −0.22 |
| HDSN Hudson Technologies Inc. | Reduce -3.8% | 0.40% | −0.20 |
| LKQ LKQ Corp. | Reduce -7.0% | 1.70% | −0.13 |
| OSW Onespaworld Holdings Ltd. | Reduce -4.6% | 1.76% | −0.10 |
| AVTR Avantor Inc. | Reduce -1.0% | 0.96% | −0.09 |
| WTW Willis Towers Watson PLC | Reduce -0.8% | 1.57% | −0.08 |
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −0.05 |
| UPLD Upland Software Inc. | Reduce -8.1% | 0.06% | −0.05 |
| AMSF Amerisafe Inc. | Reduce -4.3% | 0.23% | −0.04 |
| IWR iShares Russell Mid-Cap ETF | Reduce -23.5% | 0.11% | −0.03 |
| ESI Element Solutions Inc. | Reduce -1.2% | 2.89% | −0.03 |
| BAM Brookfield Asset Mgmt-A | Reduce -4.2% | 0.19% | −0.02 |
| RUSHA Rush Enterprises Inc. Class A | Reduce -3.8% | 0.87% | −0.02 |
| FCFS Firstcash Holdings Inc. | Reduce -2.7% | 1.35% | −0.02 |
| ARCC Ares Capital Corp. | Reduce -3.5% | 0.35% | −0.01 |
| THS Treehouse Foods Inc. | Reduce -11.7% | 0.39% | +0.01 |
| KFRC Kforce Inc. | Reduce -1.6% | 0.99% | +0.02 |
| UNF Unifirst Corp. | Reduce -3.7% | 0.31% | +0.03 |
| BN Brookfield Corp. | Reduce -0.1% | 2.99% | +0.03 |
| HOLX Hologic Inc. | Reduce -0.4% | 0.55% | +0.05 |
| BEPC Brookfield Renewable Corp. | Reduce -2.2% | 1.07% | +0.10 |
| THR Thermon Group Holdings Inc. | Reduce -3.9% | 0.81% | +0.21 |
| FDX FedEx Corp. | Reduce -0.8% | 2.24% | +0.41 |
| TMO Thermo Fisher Scientific Inc. | Reduce -1.2% | 3.90% | +0.63 |
| GTX Garrett Motion Inc. | Reduce -1.9% | 2.97% | +0.63 |
| WCC Wesco International Inc. | Reduce -0.9% | 6.95% | +0.94 |
| ENS Enersys | Reduce -1.1% | 5.73% | +1.31 |
Portfolio Buys Q3 2025 → Q4 2025
| GIL Gildan Activewear Inc. | New | 1.97% | +1.97 |
| WEX Wex Inc. | Add +627.0% | 1.84% | +1.57 |
| DBRG Digitalbridge Group Inc. | Add +21.0% | 3.23% | +1.21 |
| CCS Century Communities Inc. | Add +285.1% | 1.66% | +1.21 |
| RPRX Royalty Pharma PLC Class A | Add +0.4% | 5.21% | +0.51 |
| EFOR Everforth Inc. | Add +39.2% | 1.41% | +0.42 |
| GIB Cgi Inc. | Add +3.8% | 2.13% | +0.17 |
| IWN iShares Russell 2000 Value E | Add +417.8% | 0.08% | +0.07 |
| SPDR S&P 500 ETF Trust | New | 0.05% | +0.05 |
| SMMD iShares Russell 2500 ETF | New | 0.04% | +0.04 |
| SWK Stanley Black & Decker Inc. | Add +0.3% | 0.64% | +0.01 |
| VAC Marriott Vacations World | Add +15.1% | 1.02% | +0.01 |
| SSNC Ss&c Technologies Holdings | Add +0.4% | 2.52% | −0.01 |
| SHOE Shoe Station Group Inc. | Add +10.3% | 0.58% | −0.06 |
| CCSI Consensus Cloud Solution | Add +9.5% | 0.47% | −0.10 |
| FISV Fiserv Inc. | Add +73.5% | 2.72% | −0.26 |
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 |