13F
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NEW SOUTH CAPITAL MANAGEMENT INC

13F equity value
$2.1B
Positions
51
Top 10 concentration
54.6%
Quarters / total new picks
19 / 36
13F equity value over time
$0M$2B$4B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 19 quarters, returned -0.2% per quarter — versus +2.6% per quarter from simply owning every 13F stock. It beat that baseline in only 36.8% of quarters (excess t = -1.22, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-5.4%
t-stat
-1.22
Quarterly win rate
37%
Annualized excess
-13.4%
$1 → follow vs universe
$0.79 vs $1.48
Cumulative return: $1 invested in new picks vs universe
1.00 20180930: universe 1.04620190331: universe 1.02820190930: universe 1.10520191231: universe 0.89220200331: universe 1.07520200630: universe 1.18720200930: universe 1.45620210630: universe 1.57320211231: universe 1.33920220331: universe 1.43720220630: universe 1.33120221231: universe 1.23720230331: universe 1.30320230630: universe 1.25620240630: universe 1.37020240930: universe 1.35820241231: universe 1.26820250930: universe 1.42620251231: universe 1.475 20180930: follow 1.17120190331: follow 1.18020190930: follow 1.31020191231: follow 1.07020200331: follow 1.16020200630: follow 1.20220200930: follow 1.47020210630: follow 1.48620211231: follow 1.25320220331: follow 1.30120220630: follow 1.39020221231: follow 1.17320230331: follow 1.18820230630: follow 1.28520240630: follow 0.99520240930: follow 0.91020241231: follow 0.79220250930: follow 1.01120251231: follow 0.790 0.73 1.21 1.70 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 51 · 2026 Q1

Ticker Value Weight QoQ
VRT $245M
11.7%
TRIM
WCC $152M
7.3%
TRIM
ENS $136M
6.5%
TRIM
AZO $134M
6.4%
TRIM
RPRX $126M
6.0%
TRIM
ESI $83M
4.0%
TRIM
ZBRA $76M
3.6%
TRIM
TMO $66M
3.2%
TRIM
DBRG $61M
2.9%
TRIM
GTX $60M
2.9%
TRIM
FDX $57M
2.7%
TRIM
BN $55M
2.6%
TRIM
MSM $53M
2.6%
TRIM
VAC $50M
2.4%
ADD
OTEX $49M
2.3%
TRIM
EEFT $46M
2.2%
HOLD
FISV $46M
2.2%
TRIM
OSW $41M
2.0%
TRIM
GIB $39M
1.9%
ADD
WEX $38M
1.8%
TRIM

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

None.

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.