NEW SOUTH CAPITAL MANAGEMENT INC

MEMPHIS, TN · CIK 1044797 · 13F filing filed 2026-05-13

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

$2.1bn reported value -4.0% vs Q4 2025

51positions

54.6%in top 10

0 new 8 added 38 reduced 5 sold out vs Q4 2025

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 2026

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	977,210	$244.9m11.73%	11.73%	Reduced -406.7k	-406,698 -29.4%
2	WESCO INTL INC COM WCC	WCC	557,062	$152.4m7.30%	7.30%	Reduced -60.6k	-60,614 -9.8%
3	ENERSYS COM ENS	ENS	785,161	$136.4m6.54%	6.54%	Reduced -63.0k	-62,953 -7.4%
4	AUTOZONE INC COM AZO	AZO	39,771	$134.3m6.44%	6.44%	Reduced -4.3k	-4,326 -9.8%
5	ROYALTY PHARMA PLC SHS CLASS A RPRX	RPRX	2,625,863	$126.0m6.04%	6.04%	Reduced -302.9k	-302,915 -10.3%
6	ELEMENT SOLUTIONS INC COM ESI	ESI	2,421,958	$82.7m3.96%	3.96%	Reduced -94.1k	-94,127 -3.7%
7	ZEBRA TECHNOLOGIES CORPORATI CL A ZBRA	ZBRA	361,219	$75.5m3.62%	3.62%	Reduced -28.5k	-28,525 -7.3%
8	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	134,254	$66.0m3.16%	3.16%	Reduced -12.2k	-12,204 -8.3%
9	DIGITALBRIDGE GROUP INC CL A NEW CL A NEW		3,953,194	$61.0m2.92%	2.92%	Reduced -618.6k	-618,603 -13.5%
10	GARRETT MOTION INC COM GTX	GTX	3,300,304	$60.0m2.87%	2.87%	Reduced -408.0k	-407,973 -11.0%
11	FEDEX CORP COM FDX	FDX	160,788	$57.3m2.74%	2.74%	Reduced -7.4k	-7,419 -4.4%
12	BROOKFIELD CORP CL A LTD VT SH BN	BN	1,354,778	$54.8m2.63%	2.63%	Reduced -61.8k	-61,753 -4.4%
13	MSC INDL DIRECT INC CL A MSM	MSM	578,751	$53.4m2.56%	2.56%	Reduced -43.1k	-43,147 -6.9%
14	MARRIOTT VACATIONS WORLDWIDE COM VAC	VAC	773,736	$50.4m2.41%	2.41%	Added +390.9k	+390,867 102.1%
15	OPEN TEXT CORP COM OTEX	OTEX	2,195,364	$48.8m2.34%	2.34%	Reduced -129.5k	-129,535 -5.6%
16	EURONET WORLDWIDE INC COM EEFT	EEFT	699,373	$46.4m2.22%	2.22%	Reduced -14.0k	-13,952 -2.0%
17	FISERV INC COM FISV	FISV	820,607	$45.8m2.19%	2.19%	Reduced -60.9k	-60,915 -6.9%
18	ONESPAWORLD HOLDINGS LIMITED COM OSW	OSW	1,783,639	$40.9m1.96%	1.96%	Reduced -65.0k	-65,030 -3.5%
19	CGI INC CL A SUB VTG GIB	GIB	534,488	$39.1m1.87%	1.87%	Added +34.1k	+34,091 6.8%
20	WEX INC COM WEX	WEX	248,763	$38.1m1.82%	1.82%	Reduced -19.3k	-19,260 -7.2%
21	SS&C TECHNOLOGIES HLDGS INC COM SSNC	SSNC	562,437	$38.0m1.82%	1.82%	Reduced -62.9k	-62,903 -10.1%
22	GILDAN ACTIVEWEAR INC COM GIL	GIL	624,578	$34.8m1.67%	1.67%	Reduced -60.8k	-60,837 -8.9%
23	ASGN INC COM EFOR	EFOR	876,108	$33.9m1.63%	1.63%	Added +241.1k	+241,097 38.0%
24	FIRSTCASH HOLDINGS INC COM FCFS	FCFS	179,486	$33.7m1.62%	1.62%	Reduced -4.1k	-4,145 -2.3%
25	CENTURY CMNTYS INC COM CCS	CCS	576,457	$33.1m1.58%	1.58%	Reduced -33.0k	-32,968 -5.4%
26	NICE LTD SPONSORED ADR NICE	NICE	287,352	$31.7m1.52%	1.52%	Added +39.9k	+39,925 16.1%
27	LKQ CORP COM LKQ	LKQ	1,062,722	$31.2m1.50%	1.50%	Reduced -158.4k	-158,397 -13.0%
28	WILLIS TOWERS WATSON PLC LTD SHS WTW	WTW	101,926	$29.6m1.42%	1.42%	Reduced -1.9k	-1,937 -1.9%
29	THERMON GROUP HLDGS INC COM COM		458,387	$23.1m1.11%	1.11%	Reduced -16.2k	-16,212 -3.4%
30	RUSH ENTERPRISES INC CL A RUSHA	RUSHA	337,828	$22.3m1.07%	1.07%	Reduced -12.9k	-12,927 -3.7%
31	KEMPER CORP COM KMPR	KMPR	687,261	$21.0m1.01%	1.01%	Reduced -86.2k	-86,201 -11.1%
32	BROOKFIELD RENEWABLE CORP CL A EX SUB VTG BEPC	BEPC	485,184	$19.3m0.93%	0.93%	Reduced -122.9k	-122,880 -20.2%
33	KFORCE INC COM KFRC	KFRC	627,606	$18.4m0.88%	0.88%	Reduced -70.3k	-70,289 -10.1%
34	CONSENSUS CLOUD SOLUTIONS IN COM CCSI	CCSI	582,485	$13.8m0.66%	0.66%	Added +112.0k	+112,032 23.8%
35	STANLEY BLACK & DECKER INC COM SWK	SWK	189,197	$13.4m0.64%	0.64%	Added +1.6k	+1,628 0.9%
36	AVANTOR INC COM AVTR	AVTR	1,563,307	$12.3m0.59%	0.59%	Reduced -248.6k	-248,580 -13.7%
37	SHOE CARNIVAL INC COM SHOE	SHOE	741,313	$11.6m0.55%	0.55%	Reduced -3.2k	-3,206 -0.4%
38	HOLOGIC INC COM HOLX	HOLX	144,616	$10.9m0.52%	0.52%	Reduced -16.6k	-16,560 -10.3%
39	UNIFIRST CORP MASS COM UNF	UNF	33,408	$8.4m0.40%	0.40%	Reduced -1.2k	-1,216 -3.5%
40	HUDSON TECHNOLOGIES INC COM HDSN	HDSN	1,241,223	$7.3m0.35%	0.35%	Reduced -42.3k	-42,305 -3.3%
41	ARES CAPITAL CORP COM ARCC	ARCC	360,970	$6.5m0.31%	0.31%	Reduced -12.1k	-12,088 -3.2%
42	AMERISAFE INC COM AMSF	AMSF	123,643	$4.1m0.20%	0.20%	Reduced -6.4k	-6,439 -5.0%
43	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	70,669	$3.1m0.15%	0.15%	Reduced -7.4k	-7,396 -9.5%
44	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	57,990	$3.0m0.15%	0.15%	Added +765	+765 1.3%
45	ISHARES TR RUS 2000 VAL ETF IWN	IWN	15,315	$2.9m0.14%	0.14%	Added +5.4k	+5,425 54.9%
46	ISHARES TR SELECT DIVID ETF DVY	DVY	15,680	$2.4m0.11%	0.11%	Unchanged
47	ISHARES TR RUS MID CAP ETF IWR	IWR	11,630	$1.1m0.05%	0.05%	Reduced -14.2k	-14,170 -54.9%
48	ISHARES TR 1 3 YR TREAS BD SHY	SHY	9,125	$753.5k0.04%	0.04%	Unchanged
49	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	7,189	$436.0k0.02%	0.02%	Unchanged
50	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,500	$363.6k0.02%	0.02%	Unchanged
51	FIRST HORIZON CORPORATION COM FHN	FHN	10,117	$230.3k0.01%	0.01%	Unchanged

Sold out since Q4 2025

Security	Ticker	Shares held before	Value then
TREEHOUSE FOODS INC THS	THS	361,253	$8.5m361.3k shares
AMN HEALTHCARE SVCS INC AMN	AMN	128,716	$2.0m128.7k shares
UPLAND SOFTWARE INC		887,094	$1.3m887.1k shares
SPDR S&P 500 ETF TR SPY	SPY	1,564	$1.1m1.6k shares
ISHARES TR SMMD	SMMD	11,825	$886.2k11.8k shares