NEW SOUTH CAPITAL MANAGEMENT INC

MEMPHIS, TN · CIK 1044797 · 13F filing filed 2024-05-07

SEC-registered investment adviser since 1985 · corporation

Assets managed$2.2bn
Staff11 · 8 in investment roles
Main clients (by assets)High net worth individuals 28%, Charities 27%, Pension plans 18%
Private funds1 (1 hedge) · $118.8m gross assets
Websitenewsouthcapital.com
Form ADV · 2026-08-10SEC adviser record

Kindhedge funds, wealth
Others nearbyMemphis, TN

As an employer

Offices in1 country
Private fundshedge 1

$2.4bn reported value +4.1% vs Q4 2023

60positions

50.6%in top 10

2 new 16 added 35 reduced 4 sold out vs Q4 2023

This report includes the holdings of 1 other manager that shares the investment decisions:

STIFEL NICOLAUS & CO INC \MO\ – reports through this filing

Shares in two reports are counted once in each security's totals.

Holdings, Q1 2024

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VERTIV HOLDINGS CO COM CL A VRT	VRT	3,245,270	$265.0m11.10%	11.10%	Reduced -1.9m	-1,914,672 -37.1%
2	AUTOZONE INC COM AZO	AZO	56,293	$177.4m7.43%	7.43%	Reduced -868	-868 -1.5%
3	ZEBRA TECHNOLOGIES CORPORATI CL A ZBRA	ZBRA	470,103	$141.7m5.93%	5.93%	Reduced -5.5k	-5,496 -1.2%
4	WESCO INTL INC COM WCC	WCC	732,254	$125.4m5.25%	5.25%	Reduced -23.5k	-23,547 -3.1%
5	OPEN TEXT CORP COM OTEX	OTEX	2,624,758	$101.9m4.27%	4.27%	Reduced -50.5k	-50,462 -1.9%
6	FISERV INC COM FISV	FISV	618,872	$98.9m4.14%	4.14%	Reduced -13.6k	-13,625 -2.1%
7	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	159,126	$92.5m3.87%	3.87%	Reduced -4.8k	-4,769 -2.9%
8	MSC INDL DIRECT INC CL A MSM	MSM	735,537	$71.4m2.99%	2.99%	Reduced -14.3k	-14,298 -1.9%
9	CGI INC CL A SUB VTG GIB	GIB	639,901	$70.7m2.96%	2.96%	Reduced -6.8k	-6,775 -1.1%
10	LKQ CORP COM LKQ	LKQ	1,176,446	$62.8m2.63%	2.63%	Reduced -26.7k	-26,674 -2.2%
11	EURONET WORLDWIDE INC COM EEFT	EEFT	538,419	$59.2m2.48%	2.48%	Added +96.3k	+96,278 21.8%
12	KEMPER CORP COM KMPR	KMPR	920,344	$57.0m2.39%	2.39%	Reduced -35.0k	-34,968 -3.7%
13	DIGITALBRIDGE GROUP INC CL A NEW CL A NEW		2,804,213	$54.0m2.26%	2.26%	Reduced -106.7k	-106,715 -3.7%
14	ENERSYS COM ENS	ENS	570,612	$53.9m2.26%	2.26%	Reduced -26.3k	-26,252 -4.4%
15	FEDEX CORP COM FDX	FDX	178,970	$51.9m2.17%	2.17%	Added +1.4k	+1,383 0.8%
16	ELEMENT SOLUTIONS INC COM ESI	ESI	1,871,102	$46.7m1.96%	1.96%	Reduced -92.3k	-92,287 -4.7%
17	BROOKFIELD CORP CL A LTD VT SH BN	BN	1,080,172	$45.2m1.89%	1.89%	Added +3.7k	+3,690 0.3%
18	ROYALTY PHARMA PLC SHS CLASS A RPRX	RPRX	1,461,455	$44.4m1.86%	1.86%	New
19	HOWARD HUGHES HOLDINGS INC COM HHH	HHH	606,591	$44.1m1.84%	1.84%	Reduced -9.8k	-9,831 -1.6%
20	HANESBRANDS INC COM HBI	HBI	7,584,395	$44.0m1.84%	1.84%	Reduced -34.9k	-34,912 -0.5%
21	TREEHOUSE FOODS INC COM THS	THS	1,120,149	$43.6m1.83%	1.83%	Added +251.9k	+251,886 29.0%
22	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	4,575,987	$39.9m1.67%	1.67%	Reduced -108.5k	-108,518 -2.3%
23	MARRIOTT VACATIONS WORLDWIDE COM VAC	VAC	342,267	$36.9m1.54%	1.54%	Reduced -7.6k	-7,623 -2.2%
24	KFORCE INC COM KFRC	KFRC	519,629	$36.6m1.53%	1.53%	Reduced -25.2k	-25,211 -4.6%
25	AVANTOR INC COM AVTR	AVTR	1,411,033	$36.1m1.51%	1.51%	Reduced -4.1k	-4,100 -0.3%
26	ONESPAWORLD HOLDINGS LIMITED COM OSW	OSW	2,651,046	$35.1m1.47%	1.47%	Added +250.2k	+250,217 10.4%
27	WILLIS TOWERS WATSON PLC LTD SHS WTW	WTW	120,945	$33.3m1.39%	1.39%	Added +801	+801 0.7%
28	SS&C TECHNOLOGIES HLDGS INC COM SSNC	SSNC	509,127	$32.8m1.37%	1.37%	Reduced -14.6k	-14,566 -2.8%
29	FMC CORP COM NEW FMC	FMC	507,562	$32.3m1.35%	1.35%	Added +46.6k	+46,616 10.1%
30	ASGN INC COM EFOR	EFOR	302,165	$31.7m1.33%	1.33%	Reduced -6.9k	-6,885 -2.2%
31	RUSH ENTERPRISES INC CL A RUSHA	RUSHA	542,103	$29.0m1.21%	1.21%	Reduced -25.9k	-25,917 -4.6%
32	AMN HEALTHCARE SVCS INC COM AMN	AMN	451,845	$28.2m1.18%	1.18%	Reduced -12.6k	-12,556 -2.7%
33	SHOE CARNIVAL INC COM SHOE	SHOE	719,303	$26.4m1.10%	1.10%	Reduced -33.7k	-33,723 -4.5%
34	FIRSTCASH HOLDINGS INC COM FCFS	FCFS	196,894	$25.1m1.05%	1.05%	Reduced -9.4k	-9,391 -4.5%
35	THERMON GROUP HLDGS INC COM COM		734,185	$24.0m1.01%	1.01%	Added +69.7k	+69,666 10.5%
36	STANLEY BLACK & DECKER INC COM SWK	SWK	240,715	$23.6m0.99%	0.99%	Added +122	+122 0.1%
37	GARRETT MOTION INC COM GTX	GTX	2,324,183	$23.1m0.97%	0.97%	Reduced -110.2k	-110,166 -4.5%
38	WEX INC COM WEX	WEX	83,282	$19.8m0.83%	0.83%	Reduced -3.8k	-3,805 -4.4%
39	HOLOGIC INC COM HOLX	HOLX	194,519	$15.2m0.63%	0.63%	Added +750	+750 0.4%
40	ISHARES TR RUS 2000 VAL ETF IWN	IWN	92,910	$14.8m0.62%	0.62%	Added +20.0k	+20,049 27.5%
41	NV5 GLOBAL INC COM NVEE	NVEE	122,036	$12.0m0.50%	0.50%	Reduced -5.9k	-5,897 -4.6%
42	ARES CAPITAL CORP COM ARCC	ARCC	562,488	$11.7m0.49%	0.49%	Reduced -25.8k	-25,794 -4.4%
43	FIDELITY NATL INFORMATION SV COM FIS	FIS	149,798	$11.1m0.47%	0.47%	Added +13.9k	+13,920 10.2%
44	AMERISAFE INC COM AMSF	AMSF	206,796	$10.4m0.43%	0.43%	Reduced -7.5k	-7,538 -3.5%
45	BROOKFIELD RENEWABLE CORP CL A SUB VTG CL A SUB VTG		388,939	$9.6m0.40%	0.40%	Reduced -2.6k	-2,605 -0.7%
46	UNIFIRST CORP MASS COM UNF	UNF	53,741	$9.3m0.39%	0.39%	Reduced -2.6k	-2,588 -4.6%
47	UPLAND SOFTWARE INC COM COM		1,473,037	$4.6m0.19%	0.19%	Reduced -50.3k	-50,252 -3.3%
48	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	99,219	$4.2m0.17%	0.17%	Added +935	+935 0.9%
49	AMDOCS LTD SHS DOX	DOX	41,078	$3.7m0.16%	0.16%	Reduced -250	-250 -0.6%
50	ISHARES TR RUS MID CAP ETF IWR	IWR	43,750	$3.7m0.15%	0.15%	Added +13.6k	+13,580 45.0%
51	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	67,328	$3.5m0.14%	0.14%	Added +1.4k	+1,425 2.2%
52	SIRIUS XM HOLDINGS INC COM SIRI	SIRI	885,178	$3.4m0.14%	0.14%	Unchanged
53	ISHARES TR SELECT DIVID ETF DVY	DVY	15,680	$1.9m0.08%	0.08%	Unchanged
54	Invesco Floating Rate ESG Fund MF AFRFX	AFRFX	253,085	$1.7m0.07%	0.07%	Added +6.0k	+6,033 2.4%
55	ISHARES TR 1 3 YR TREAS BD SHY	SHY	9,405	$769.1k0.03%	0.03%	Unchanged
56	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	7,189	$389.9k0.02%	0.02%	Unchanged
57	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,500	$286.4k0.01%	0.01%	Unchanged
58	BROOKFIELD INFRAST PARTNERS LP INT UNIT BIP	BIP	7,750	$241.9k0.01%	0.01%	Unchanged
59	ISHARES TR CORE S&P US VLU IUSV	IUSV	2,670	$241.5k0.01%	0.01%	New
60	FIRST HORIZON CORPORATION COM FHN	FHN	10,117	$155.8k0.01%	0.01%	Unchanged

Sold out since Q4 2023

Security	Ticker	Shares held before	Value then
LIBERTY MEDIA CORP DEL LSXMK	LSXMK	2,295,187	$66.1m2.3m shares
ISHARES TR IWM	IWM	13,500	$2.7m13.5k shares
LIBERTY MEDIA CORP DEL		35,600	$1.0m35.6k shares
ISHARES TR IWV	IWV	2,155	$589.9k2.2k shares