NEW SOUTH CAPITAL MANAGEMENT INC

MEMPHIS, TN · CIK 1044797 · 13F filing filed 2026-08-10

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

$2.3bn reported value +9.3% vs Q1 2026

48positions

59.3%in top 10

2 new 13 added 28 reduced 5 sold out vs Q1 2026

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 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	751,364	$251.6m11.03%	11.03%	Reduced -225.8k	-225,846 -23.1%
2	WESCO INTL INC COM WCC	WCC	512,074	$176.9m7.75%	7.75%	Reduced -45.0k	-44,988 -8.1%
3	ENERSYS COM ENS	ENS	733,708	$171.6m7.52%	7.52%	Reduced -51.5k	-51,453 -6.5%
4	ROYALTY PHARMA PLC SHS CLASS A RPRX	RPRX	2,385,943	$133.8m5.87%	5.87%	Reduced -239.9k	-239,920 -9.1%
5	AUTOZONE INC COM AZO	AZO	38,015	$121.5m5.33%	5.33%	Reduced -1.8k	-1,756 -4.4%
6	ELEMENT SOLUTIONS INC COM ESI	ESI	2,280,194	$108.9m4.77%	4.77%	Reduced -141.8k	-141,764 -5.8%
7	ZEBRA TECHNOLOGIES CORPORATI CL A ZBRA	ZBRA	412,994	$108.7m4.77%	4.77%	Added +51.8k	+51,775 14.3%
8	GARRETT MOTION INC COM GTX	GTX	2,890,208	$104.7m4.59%	4.59%	Reduced -410.1k	-410,096 -12.4%
9	MARRIOTT VACATIONS WORLDWIDE COM VAC	VAC	953,137	$97.1m4.26%	4.26%	Added +179.4k	+179,401 23.2%
10	THERMO FISHER SCIENTIFIC INC COM TMO	TMO	155,834	$78.1m3.43%	3.43%	Added +21.6k	+21,580 16.1%
11	MSC INDL DIRECT INC CL A MSM	MSM	539,026	$64.1m2.81%	2.81%	Reduced -39.7k	-39,725 -6.9%
12	WEX INC COM WEX	WEX	444,624	$62.7m2.75%	2.75%	Added +195.9k	+195,861 78.7%
13	EURONET WORLDWIDE INC COM EEFT	EEFT	797,760	$58.4m2.56%	2.56%	Added +98.4k	+98,387 14.1%
14	BROOKFIELD CORP CL A LTD VT SH BN	BN	1,213,489	$51.7m2.27%	2.27%	Reduced -141.3k	-141,289 -10.4%
15	ONESPAWORLD HOLDINGS LIMITED COM OSW	OSW	1,739,404	$49.1m2.15%	2.15%	Reduced -44.2k	-44,235 -2.5%
16	FISERV INC COM FISV	FISV	976,031	$47.9m2.10%	2.10%	Added +155.4k	+155,424 18.9%
17	FEDEX CORP COM FDX	FDX	144,866	$45.4m1.99%	1.99%	Reduced -15.9k	-15,922 -9.9%
18	OPEN TEXT CORP COM OTEX	OTEX	2,028,024	$44.9m1.97%	1.97%	Reduced -167.3k	-167,340 -7.6%
19	CENTURY CMNTYS INC COM CCS	CCS	612,960	$43.9m1.93%	1.93%	Added +36.5k	+36,503 6.3%
20	GILDAN ACTIVEWEAR INC COM GIL	GIL	684,394	$35.3m1.55%	1.55%	Added +59.8k	+59,816 9.6%
21	FIRSTCASH HOLDINGS INC COM FCFS	FCFS	160,356	$34.7m1.52%	1.52%	Reduced -19.1k	-19,130 -10.7%
22	CGI INC CL A SUB VTG GIB	GIB	513,932	$33.2m1.45%	1.45%	Reduced -20.6k	-20,556 -3.9%
23	SS&C TECHNOLOGIES HLDGS INC COM SSNC	SSNC	523,097	$32.5m1.42%	1.42%	Reduced -39.3k	-39,340 -7.0%
24	KFORCE INC COM KFRC	KFRC	625,981	$29.4m1.29%	1.29%	Reduced -1.6k	-1,625 -0.3%
25	KEMPER CORP COM KMPR	KMPR	1,079,234	$29.1m1.28%	1.28%	Added +392.0k	+391,973 57.0%
26	WILLIS TOWERS WATSON PLC LTD SHS WTW	WTW	97,401	$25.5m1.12%	1.12%	Reduced -4.5k	-4,525 -4.4%
27	CONSENSUS CLOUD SOLUTIONS IN COM CCSI	CCSI	629,106	$24.0m1.05%	1.05%	Added +46.6k	+46,621 8.0%
28	RUSH ENTERPRISES INC CL A RUSHA	RUSHA	326,808	$23.9m1.05%	1.05%	Reduced -11.0k	-11,020 -3.3%
29	CECO ENVIRONMENTAL CORP COM CECO	CECO	257,327	$23.3m1.02%	1.02%	New
30	LKQ CORP COM LKQ	LKQ	868,797	$22.9m1.00%	1.00%	Reduced -193.9k	-193,925 -18.2%
31	NICE LTD SPONSORED ADR NICE	NICE	247,002	$22.4m0.98%	0.98%	Reduced -40.4k	-40,350 -14.0%
32	BROOKFIELD RENEWABLE CORP CL A EX SUB VTG BEPC	BEPC	551,894	$20.5m0.90%	0.90%	Added +66.7k	+66,710 13.8%
33	STANLEY BLACK & DECKER INC COM SWK	SWK	164,352	$15.5m0.68%	0.68%	Reduced -24.8k	-24,845 -13.1%
34	AVANTOR INC COM AVTR	AVTR	1,472,617	$14.6m0.64%	0.64%	Reduced -90.7k	-90,690 -5.8%
35	ASGN INC COM EFOR	EFOR	792,624	$14.2m0.62%	0.62%	Reduced -83.5k	-83,484 -9.5%
36	FEDEX FGHT HLDG CO INC COMMON STOCK FDXF	FDXF	72,410	$10.9m0.48%	0.48%	New
37	SHOE CARNIVAL INC COM SHOE	SHOE	717,149	$10.6m0.47%	0.47%	Reduced -24.2k	-24,164 -3.3%
38	ISHARES TR RUS 2000 VAL ETF IWN	IWN	39,415	$8.7m0.38%	0.38%	Added +24.1k	+24,100 157.4%
39	UNIFIRST CORP MASS COM UNF	UNF	32,302	$8.5m0.37%	0.37%	Reduced -1.1k	-1,106 -3.3%
40	ARES CAPITAL CORP COM ARCC	ARCC	349,945	$6.5m0.28%	0.28%	Reduced -11.0k	-11,025 -3.0%
41	AMERISAFE INC COM AMSF	AMSF	124,797	$4.2m0.19%	0.19%	Added +1.2k	+1,154 0.9%
42	ISHARES TR ISHS 1-5YR INVS IGSB	IGSB	55,380	$2.9m0.13%	0.13%	Reduced -2.6k	-2,610 -4.5%
43	BROOKFIELD ASSET MANAGMT LTD CL A LMT VTG SHS BAM	BAM	54,669	$2.5m0.11%	0.11%	Reduced -16.0k	-16,000 -22.6%
44	ISHARES TR SELECT DIVID ETF DVY	DVY	15,680	$2.5m0.11%	0.11%	Unchanged
45	ISHARES TR 1 3 YR TREAS BD SHY	SHY	9,125	$749.3k0.03%	0.03%	Unchanged
46	INTERNATIONAL BUSINESS MACHS COM IBM	IBM	1,500	$421.8k0.02%	0.02%	Unchanged
47	BRISTOL-MYERS SQUIBB CO COM BMY	BMY	7,189	$414.2k0.02%	0.02%	Unchanged
48	FIRST HORIZON CORPORATION COM FHN	FHN	10,117	$259.4k0.01%	0.01%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
DIGITALBRIDGE GROUP INC		3,953,194	$61.0m4.0m shares
THERMON GROUP HLDGS INC		458,387	$23.1m458.4k shares
HOLOGIC INC HOLX	HOLX	144,616	$10.9m144.6k shares
HUDSON TECHNOLOGIES INC HDSN	HDSN	1,241,223	$7.3m1.2m shares
ISHARES TR IWR	IWR	11,630	$1.1m11.6k shares