NEW SOUTH CAPITAL MANAGEMENT INC

MEMPHIS, TN · CIK 1044797 · 13F filing filed 2024-08-06

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

$2.2bn reported value -6.3% vs Q1 2024

60positions

49.0%in top 10

1 new 13 added 39 reduced 1 sold out vs Q1 2024

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, Q2 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	2,598,846	$225.0m10.06%	10.06%	Reduced -646.4k	-646,424 -19.9%
2	AUTOZONE INC COM AZO	AZO	55,970	$165.9m7.42%	7.42%	Reduced -323	-323 -0.6%
3	ZEBRA TECHNOLOGIES CORPORATI CL A ZBRA	ZBRA	464,022	$143.4m6.41%	6.41%	Reduced -6.1k	-6,081 -1.3%
4	WESCO INTL INC COM WCC	WCC	719,296	$114.0m5.10%	5.10%	Reduced -13.0k	-12,958 -1.8%
5	FISERV INC COM FISV	FISV	609,590	$90.9m4.06%	4.06%	Reduced -9.3k	-9,282 -1.5%
6	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	158,596	$87.7m3.92%	3.92%	Reduced -530	-530 -0.3%
7	OPEN TEXT CORP COM OTEX	OTEX	2,584,708	$77.6m3.47%	3.47%	Reduced -40.0k	-40,050 -1.5%
8	EURONET WORLDWIDE INC COM EEFT	EEFT	625,677	$64.8m2.89%	2.89%	Added +87.3k	+87,258 16.2%
9	LKQ CORP COM LKQ	LKQ	1,533,911	$63.8m2.85%	2.85%	Added +357.5k	+357,465 30.4%
10	CGI INC CL A SUB VTG GIB	GIB	630,008	$62.9m2.81%	2.81%	Reduced -9.9k	-9,893 -1.6%
11	ROYALTY PHARMA PLC SHS CLASS A RPRX	RPRX	2,348,977	$61.9m2.77%	2.77%	Added +887.5k	+887,522 60.7%
12	ENERSYS COM ENS	ENS	561,547	$58.1m2.60%	2.60%	Reduced -9.1k	-9,065 -1.6%
13	MSC INDL DIRECT INC CL A MSM	MSM	723,722	$57.4m2.57%	2.57%	Reduced -11.8k	-11,815 -1.6%
14	KEMPER CORP COM KMPR	KMPR	908,398	$53.9m2.41%	2.41%	Reduced -11.9k	-11,946 -1.3%
15	DIGITALBRIDGE GROUP INC CL A NEW CL A NEW		3,929,762	$53.8m2.41%	2.41%	Added +1.1m	+1,125,549 40.1%
16	FEDEX CORP COM FDX	FDX	176,136	$52.8m2.36%	2.36%	Reduced -2.8k	-2,834 -1.6%
17	TREEHOUSE FOODS INC COM THS	THS	1,370,548	$50.2m2.24%	2.24%	Added +250.4k	+250,399 22.4%
18	ELEMENT SOLUTIONS INC COM ESI	ESI	1,840,236	$49.9m2.23%	2.23%	Reduced -30.9k	-30,866 -1.6%
19	SS&C TECHNOLOGIES HLDGS INC COM SSNC	SSNC	721,812	$45.2m2.02%	2.02%	Added +212.7k	+212,685 41.8%
20	BROOKFIELD CORP CL A LTD VT SH BN	BN	1,083,847	$45.0m2.01%	2.01%	Added +3.7k	+3,675 0.3%
21	ONESPAWORLD HOLDINGS LIMITED COM OSW	OSW	2,593,893	$39.9m1.78%	1.78%	Reduced -57.2k	-57,153 -2.2%
22	HOWARD HUGHES HOLDINGS INC COM HHH	HHH	609,289	$39.5m1.77%	1.77%	Added +2.7k	+2,698 0.4%
23	FMC CORP COM NEW FMC	FMC	656,145	$37.8m1.69%	1.69%	Added +148.6k	+148,583 29.3%
24	HANESBRANDS INC COM HBI	HBI	7,507,662	$37.0m1.65%	1.65%	Reduced -76.7k	-76,733 -1.0%
25	KFORCE INC COM KFRC	KFRC	508,894	$31.6m1.41%	1.41%	Reduced -10.7k	-10,735 -2.1%
26	WILLIS TOWERS WATSON PLC LTD SHS WTW	WTW	118,025	$30.9m1.38%	1.38%	Reduced -2.9k	-2,920 -2.4%
27	MARRIOTT VACATIONS WORLDWIDE COM VAC	VAC	341,722	$29.8m1.33%	1.33%	Reduced -545	-545 -0.2%
28	AVANTOR INC COM AVTR	AVTR	1,405,242	$29.8m1.33%	1.33%	Reduced -5.8k	-5,791 -0.4%
29	WARNER BROS DISCOVERY INC COM SER A WBD	WBD	3,986,581	$29.7m1.33%	1.33%	Reduced -589.4k	-589,406 -12.9%
30	AMN HEALTHCARE SVCS INC COM AMN	AMN	563,147	$28.9m1.29%	1.29%	Added +111.3k	+111,302 24.6%
31	ASGN INC COM EFOR	EFOR	303,284	$26.7m1.20%	1.20%	Added +1.1k	+1,119 0.4%
32	RUSH ENTERPRISES INC CL A RUSHA	RUSHA	527,479	$22.1m0.99%	0.99%	Reduced -14.6k	-14,624 -2.7%
33	THERMON GROUP HLDGS INC COM COM		715,020	$22.0m0.98%	0.98%	Reduced -19.2k	-19,165 -2.6%
34	FIRSTCASH HOLDINGS INC COM FCFS	FCFS	191,487	$20.1m0.90%	0.90%	Reduced -5.4k	-5,407 -2.8%
35	GARRETT MOTION INC COM GTX	GTX	2,278,463	$19.6m0.87%	0.87%	Reduced -45.7k	-45,720 -2.0%
36	STANLEY BLACK & DECKER INC COM SWK	SWK	219,990	$17.6m0.79%	0.79%	Reduced -20.7k	-20,725 -8.6%
37	SHOE CARNIVAL INC COM SHOE	SHOE	403,200	$14.9m0.66%	0.66%	Reduced -316.1k	-316,103 -44.0%
38	HOLOGIC INC COM HOLX	HOLX	193,679	$14.4m0.64%	0.64%	Reduced -840	-840 -0.4%
39	HUDSON TECHNOLOGIES INC COM HDSN	HDSN	1,315,596	$11.6m0.52%	0.52%	New
40	ISHARES TR RUS 2000 VAL ETF IWN	IWN	75,296	$11.5m0.51%	0.51%	Reduced -17.6k	-17,614 -19.0%
41	ARES CAPITAL CORP COM ARCC	ARCC	547,903	$11.4m0.51%	0.51%	Reduced -14.6k	-14,585 -2.6%
42	FIDELITY NATL INFORMATION SV COM FIS	FIS	147,903	$11.1m0.50%	0.50%	Reduced -1.9k	-1,895 -1.3%
43	NV5 GLOBAL INC COM NVEE	NVEE	118,710	$11.0m0.49%	0.49%	Reduced -3.3k	-3,326 -2.7%
44	BROOKFIELD RENEWABLE CORP CL A SUB VTG CL A SUB VTG		386,409	$11.0m0.49%	0.49%	Reduced -2.5k	-2,530 -0.7%
45	WEX INC COM WEX	WEX	57,064	$10.1m0.45%	0.45%	Reduced -26.2k	-26,218 -31.5%
46	UNIFIRST CORP MASS COM UNF	UNF	52,276	$9.0m0.40%	0.40%	Reduced -1.5k	-1,465 -2.7%
47	AMERISAFE INC COM AMSF	AMSF	201,129	$8.8m0.39%	0.39%	Reduced -5.7k	-5,667 -2.7%
48	ISHARES TR RUS MID CAP ETF IWR	IWR	54,365	$4.4m0.20%	0.20%	Added +10.6k	+10,615 24.3%
49	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	97,339	$3.7m0.17%	0.17%	Reduced -1.9k	-1,880 -1.9%
50	UPLAND SOFTWARE INC COM COM		1,434,822	$3.6m0.16%	0.16%	Reduced -38.2k	-38,215 -2.6%
51	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	67,328	$3.4m0.15%	0.15%	Unchanged
52	AMDOCS LTD SHS DOX	DOX	37,238	$2.9m0.13%	0.13%	Reduced -3.8k	-3,840 -9.3%
53	SIRIUS XM HOLDINGS INC COM SIRI	SIRI	685,178	$1.9m0.09%	0.09%	Reduced -200.0k	-200,000 -22.6%
54	ISHARES TR SELECT DIVID ETF DVY	DVY	15,680	$1.9m0.08%	0.08%	Unchanged
55	Invesco Floating Rate ESG Fund MF AFRFX	AFRFX	259,205	$1.7m0.08%	0.08%	Added +6.1k	+6,120 2.4%
56	ISHARES TR 1 3 YR TREAS BD SHY	SHY	9,405	$767.9k0.03%	0.03%	Unchanged
57	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	7,189	$298.6k0.01%	0.01%	Unchanged
58	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,500	$259.4k0.01%	0.01%	Unchanged
59	BROOKFIELD INFRAST PARTNERS LP INT UNIT BIP	BIP	7,750	$212.7k0.01%	0.01%	Unchanged
60	FIRST HORIZON CORPORATION COM FHN	FHN	10,117	$159.5k0.01%	0.01%	Unchanged

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
ISHARES TR IUSV	IUSV	2,670	$241.5k2.7k shares