New South Capital Management Inc 13F annual report
New South Capital Management Inc is an investment fund managing more than $2.24 trillion ran by David Newman. There are currently 60 companies in Mr. Newman’s portfolio. The largest investments include Vertiv Co and Autozone, together worth $391 billion.
$2.24 trillion Assets Under Management (AUM)
As of 30th July 2024, New South Capital Management Inc’s top holding is 2,598,846 shares of Vertiv Co currently worth over $225 billion and making up 10.1% of the portfolio value.
Relative to the number of outstanding shares of Vertiv Co, New South Capital Management Inc owns more than approximately 0.1% of the company.
In addition, the fund holds 55,970 shares of Autozone worth $166 billion, whose value grew 10.7% in the past six months.
The third-largest holding is Zebra Technologies worth $143 billion and the next is Wesco International worth $114 billion, with 719,296 shares owned.
Currently, New South Capital Management Inc's portfolio is worth at least $2.24 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at New South Capital Management Inc
The New South Capital Management Inc office and employees reside in Memphis, Tennessee. According to the last 13-F report filed with the SEC, David Newman serves as the Vice President at New South Capital Management Inc.
Recent trades
In the most recent 13F filing, New South Capital Management Inc revealed that it had opened a new position in
Hudson Technologies and bought 1,315,596 shares worth $11.6 billion.
This means they effectively own approximately 0.1% of the company.
Hudson Technologies makes up
1.7%
of the fund's Industrials sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Euronet Worldwide Inc by buying
87,258 additional shares.
This makes their stake in Euronet Worldwide Inc total 625,677 shares worth $64.8 billion.
Euronet Worldwide Inc dropped approximately 0.1% in the past year.
On the other hand, there are companies that New South Capital Management Inc is getting rid of from its portfolio.
New South Capital Management Inc closed its position in Ishares - Russell 3000 Value on 6th August 2024.
It sold the previously owned 2,670 shares for $241 million.
David Newman also disclosed a decreased stake in Vertiv Co by 0.2%.
This leaves the value of the investment at $225 billion and 2,598,846 shares.
One of the largest hedge funds
The two most similar investment funds to New South Capital Management Inc are Cornerstone Advisors and Merriman Wealth Management. They manage $2.24 trillion and $2.24 trillion respectively.
David Newman investment strategy
New South Capital Management Inc’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Industrials — making up 30.9% of
the total portfolio value.
The fund focuses on investments in the United States as
58.3% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
23% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $18.5 billion.
The complete list of New South Capital Management Inc trades based on 13F SEC filings
These positions were updated on August 6th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Vertiv Holdings Co |
19.92%
2,598,846
|
$224,982,098,000 | 10.06% |
| Autozone Inc. |
0.57%
55,970
|
$165,900,677,000 | 7.42% |
| Zebra Technologies Corp. |
1.29%
464,022
|
$143,350,316,000 | 6.41% |
| Wesco International, Inc. |
1.77%
719,296
|
$114,022,802,000 | 5.10% |
| Fiserv, Inc. |
1.50%
609,590
|
$90,853,294,000 | 4.06% |
| Thermo Fisher Scientific Inc. |
0.33%
158,596
|
$87,703,588,000 | 3.92% |
| Open Text Corp |
1.53%
2,584,708
|
$77,644,628,000 | 3.47% |
| Euronet Worldwide Inc |
16.21%
625,677
|
$64,757,570,000 | 2.89% |
| LKQ Corp |
30.39%
1,533,911
|
$63,795,358,000 | 2.85% |
| CGI Inc |
1.55%
630,008
|
$62,881,098,000 | 2.81% |
| Royalty Pharma plc |
60.73%
2,348,977
|
$61,942,523,000 | 2.77% |
| Enersys |
1.59%
561,547
|
$58,131,345,000 | 2.60% |
| Msc Industrial Direct Co-a |
1.61%
723,722
|
$57,398,392,000 | 2.57% |
| Kemper Corp. |
1.30%
908,398
|
$53,895,254,000 | 2.41% |
| Digitalbridge Group Inc. |
40.14%
3,929,762
|
$53,837,739,000 | 2.41% |
| Fedex Corp |
1.58%
176,136
|
$52,812,618,000 | 2.36% |
| Treehouse Foods Inc |
22.35%
1,370,548
|
$50,216,879,000 | 2.24% |
| Element Solutions Inc |
1.65%
1,840,236
|
$49,907,200,000 | 2.23% |
| Ss&c Technologies Hldgs |
41.77%
721,812
|
$45,235,958,000 | 2.02% |
| Brookfield Corp. |
0.34%
1,083,847
|
$45,023,004,000 | 2.01% |
| Onespaworld Holdings Ltd |
2.16%
2,593,893
|
$39,868,135,000 | 1.78% |
| Howard Hughes Corporation |
0.44%
609,289
|
$39,494,113,000 | 1.77% |
| FMC Corp. |
29.27%
656,145
|
$37,761,145,000 | 1.69% |
| Hanesbrands Inc |
1.01%
7,507,662
|
$37,012,773,000 | 1.65% |
| Kforce Inc. |
2.07%
508,894
|
$31,617,584,000 | 1.41% |
| Willis Towers Watson Plc |
2.41%
118,025
|
$30,939,074,000 | 1.38% |
| Marriott Vacations Worldwide C |
0.16%
341,722
|
$29,839,165,000 | 1.33% |
| Avantor, Inc. |
0.41%
1,405,242
|
$29,791,130,000 | 1.33% |
| Warner Bros. Discovery Inc. |
12.88%
3,986,581
|
$29,660,163,000 | 1.33% |
| AMN Healthcare Services Inc. |
24.63%
563,147
|
$28,850,021,000 | 1.29% |
| ASGN Inc |
0.37%
303,284
|
$26,740,550,000 | 1.20% |
| Rush Enterprises Inc |
2.70%
527,479
|
$22,085,546,000 | 0.99% |
| Thermon Group Holding Inc. |
2.61%
715,020
|
$21,994,016,000 | 0.98% |
| FirstCash Holdings Inc |
2.75%
191,487
|
$20,083,157,000 | 0.90% |
| Garrett Motion Inc |
1.97%
2,278,463
|
$19,571,997,000 | 0.87% |
| Stanley Black & Decker |
8.61%
219,990
|
$17,575,001,000 | 0.79% |
| Shoe Carnival, Inc. |
43.95%
403,200
|
$14,874,048,000 | 0.66% |
| Hologic, Inc. |
0.43%
193,679
|
$14,380,666,000 | 0.64% |
| Hudson Technologies, Inc. |
Opened
1,315,596
|
$11,564,089,000 | 0.52% |
| Ishares - Russell 2000 Value |
18.96%
75,296
|
$11,467,581,000 | 0.51% |
| Ares Capital Corp |
2.59%
547,903
|
$11,418,298,000 | 0.51% |
| Fidelity Natl Info Services |
1.27%
147,903
|
$11,145,970,000 | 0.50% |
| NV5 Global Inc |
2.73%
118,710
|
$11,036,469,000 | 0.49% |
| Brookfield Renewable Corporation |
0.65%
386,409
|
$10,966,287,000 | 0.49% |
| WEX Inc |
31.48%
57,064
|
$10,108,317,000 | 0.45% |
| Unifirst Corp. |
2.73%
52,276
|
$8,966,902,000 | 0.40% |
| Amerisafe Inc |
2.74%
201,129
|
$8,827,552,000 | 0.39% |
| Ishares - Russell Mid Cap |
24.26%
54,365
|
$4,407,914,000 | 0.20% |
| Brookfield Asset Management Lt |
1.89%
97,339
|
$3,703,749,000 | 0.17% |
| Upland Software Inc |
2.59%
1,434,822
|
$3,572,707,000 | 0.16% |
| Ishares Short-term Corporate B |
No change
67,328
|
$3,449,887,000 | 0.15% |
| Amdocs Ltd |
9.35%
37,238
|
$2,938,823,000 | 0.13% |
| Sirius XM Holdings Inc |
22.59%
685,178
|
$1,939,054,000 | 0.09% |
| Ishares - Dow Jones Select Div |
No change
15,680
|
$1,896,966,000 | 0.08% |
| Invesco Floating Rate Esg Fund |
2.42%
259,205
|
$1,747,041,000 | 0.08% |
| Ishares - Barclays 1-3 Yr Us T |
No change
9,405
|
$767,918,000 | 0.03% |
| Bristol-Myers Squibb Co. |
No change
7,189
|
$298,559,000 | 0.01% |
| International Business Machine |
No change
1,500
|
$259,425,000 | 0.01% |
| Ishares - Russell 3000 Value |
Closed
2,670
|
$241,475,000 | |
| Brookfield Infrast Partners Lp |
No change
7,750
|
$212,660,000 | 0.01% |
| First Horizon Corporation |
No change
10,117
|
$159,545,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 61 holdings | |||
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