NEW SOUTH CAPITAL MANAGEMENT INC
Long book
$2.09B
Q1 2026
Positions
51
Top-10 weight
55%
concentration
Last quarter
+15.4%
SPY +14.8%
Turnover
16%
of book per quarter
Strategy in plain words
auto-generated from filingsNEW SOUTH CAPITAL MANAGEMENT INC is a concentrated fundamental stock-picker, running a $2.09B US long book across 51 positions.
The portfolio is concentrated: the top 10 names carry 55% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: VERTIV HOLDINGS CO-A, WESCO INTERNATIONAL INC, ENERSYS, AUTOZONE INC, ROYALTY PHARMA PLC- CL A.
Over the last 9 quarters its long book ran on average 1.3pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-6.4%
Q2 2024
+9.7%
Q3 2024
-0.0%
Q4 2024
-7.5%
Q1 2025
+7.4%
Q2 2025
+5.8%
Q3 2025
-1.4%
Q4 2025
+5.9%
Q1 2026
+15.4%
Sector allocation
Technology 24%
Consumer discretionary 22%
Industrials 12%
Other 11%
Services media 10%
Financials 8%
Healthcare 7%
Real estate 5%
Long book by quarter
What does NEW SOUTH own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| VRT VERTIV HOLDINGS CO-A | Technology | 977.2K | $244.9M | 11.7% | -29.4% |
| WCC WESCO INTERNATIONAL INC | Consumer discretionary | 557.1K | $152.4M | 7.3% | -9.8% |
| ENS ENERSYS | Technology | 785.2K | $136.4M | 6.5% | -7.4% |
| AZO AUTOZONE INC | Consumer discretionary | 39.8K | $134.3M | 6.4% | -9.8% |
| RPRX ROYALTY PHARMA PLC- CL A | Healthcare | 2.6M | $126.0M | 6.0% | -10.3% |
| ESI ELEMENT SOLUTIONS INC | Other | 2.4M | $82.7M | 4.0% | -3.7% |
| ZBRA ZEBRA TECHNOLOGIES CORP-CL A | Industrials | 361.2K | $75.5M | 3.6% | -7.3% |
| TMO THERMO FISHER SCIENTIFIC INC | Other | 134.3K | $66.0M | 3.2% | -8.3% |
| DBRG DIGITALBRIDGE GROUP INC | Financials | 4.0M | $61.0M | 2.9% | -13.5% |
| GTX GARRETT MOTION INC | Industrials | 3.3M | $60.0M | 2.9% | -11.0% |
| FDX FEDEX CORP | Industrials | 160.8K | $57.3M | 2.7% | -4.4% |
| BN BROOKFIELD CORP | Real estate | 1.4M | $54.8M | 2.6% | -4.4% |
| MSM MSC INDUSTRIAL DIRECT CO-A | Consumer discretionary | 578.8K | $53.4M | 2.6% | -6.9% |
| VAC MARRIOTT VACATIONS WORLD | Real estate | 773.7K | $50.4M | 2.4% | +102.1% |
| OTEX OPEN TEXT CORP | Technology | 2.2M | $48.8M | 2.3% | -5.6% |
| EEFT EURONET WORLDWIDE INC | Financials | 699.4K | $46.4M | 2.2% | -2.0% |
| FISV FISERV INC | Services media | 820.6K | $45.8M | 2.2% | -6.9% |
| OSW ONESPAWORLD HOLDINGS LTD | Services media | 1.8M | $40.9M | 2.0% | -3.5% |
| GIB CGI INC | Services media | 534.5K | $39.1M | 1.9% | +6.8% |
| WEX WEX INC | Services media | 248.8K | $38.1M | 1.8% | -7.2% |
| SSNC SS&C TECHNOLOGIES HOLDINGS | Technology | 562.4K | $38.0M | 1.8% | -10.1% |
| GIL GILDAN ACTIVEWEAR INC | Other | 624.6K | $34.8M | 1.7% | -8.9% |
| FCFS FIRSTCASH HOLDINGS INC | Consumer discretionary | 179.5K | $33.7M | 1.6% | -2.3% |
| CCS CENTURY COMMUNITIES INC | Industrials | 576.5K | $33.1M | 1.6% | -5.4% |
| LKQ LKQ CORP | Consumer discretionary | 1.1M | $31.2M | 1.5% | -13.0% |
| WTW WILLIS TOWERS WATSON PLC | Financials | 101.9K | $29.6M | 1.4% | -1.9% |
| 8TG THERMON GROUP HOLDINGS INC | — | 458.4K | $23.1M | 1.1% | -3.4% |
| RUSHA RUSH ENTERPRISES INC-CL A | Consumer discretionary | 337.8K | $22.3M | 1.1% | -3.7% |
| KMPR KEMPER CORP | Financials | 687.3K | $21.0M | 1.0% | -11.1% |
| BEPC BROOKFIELD RENEWABLE CORP | Utilities | 485.2K | $19.3M | 0.9% | -20.2% |
| KFRC KFORCE INC | Services media | 627.6K | $18.4M | 0.9% | -10.1% |
| CCSI CONSENSUS CLOUD SOLUTION | Technology | 582.5K | $13.8M | 0.7% | +23.8% |
| SWK STANLEY BLACK & DECKER INC | Industrials | 189.2K | $13.4M | 0.6% | +0.9% |
| AVTR AVANTOR INC | Healthcare | 1.6M | $12.3M | 0.6% | -13.7% |
| SHOE SHOE STATION GROUP INC | Consumer discretionary | 741.3K | $11.6M | 0.6% | -0.4% |
| UNF UNIFIRST CORP/MA | Services media | 33.4K | $8.4M | 0.4% | -3.5% |
| HDSN HUDSON TECHNOLOGIES INC | Consumer discretionary | 1.2M | $7.3M | 0.3% | -3.3% |
| ARCC ARES CAPITAL CORP | — | 361.0K | $6.5M | 0.3% | -3.2% |
| AMSF AMERISAFE INC | Financials | 123.6K | $4.1M | 0.2% | -4.9% |
| BAM BROOKFIELD ASSET MGMT-A | Financials | 70.7K | $3.1M | 0.2% | -9.5% |
| BMY BRISTOL-MYERS SQUIBB CO | Healthcare | 7.2K | $436K | 0.0% | Held |
| IBM INTL BUSINESS MACHINES CORP | Technology | 1.5K | $364K | 0.0% | Held |
| FHN FIRST HORIZON CORP | Financials | 10.1K | $230K | 0.0% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 13, 2026 | 75 | $2.09B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 12, 2026 | 84 | $2.17B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 6, 2025 | 86 | $2.19B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 13, 2025 | 84 | $2.07B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | Apr 28, 2025 | 91 | $2.07B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 6, 2025 | 94 | $2.37B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 5, 2024 | 89 | $2.45B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 6, 2024 | 86 | $2.24B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 7, 2024 | 85 | $2.39B | canonical | SEC ↗ |
Similar funds
Sanders Capital, LLCGATES FOUNDATION TRUSTEAGLE CAPITAL MANAGEMENT LLCWoodbridge Co LtdAlecta Tjanstepension OmsesidigtMubadala Investment Co PJSCH&H International Investment, LLCNewlands Management Operations LLCINVESTOR ABIndependent Franchise Partners LLPPineStone Asset Management Inc.Pentwater Capital Management LP