NEW SOUTH CAPITAL MANAGEMENT INC

New South Capital Management Inc. is an investment management firm based out of Memphis, Tennessee. The company was established in 1985 by cofounders Paul Trowbridge Gillespie Jr. and D. Stephen Morrow, both of whom are still with the company today acting as its President and CIO, respectively. The company has remained relatively small since its inception and has 11 employees of which 9 are investment professionals. New South Capital Management has a value oriented investment philosophy, focusing on identifying companies that are undervalued. The company conducts its research internally, utilizing a fundamental methodology that strives to produce “superior, risk-adjusted returns on both an absolute and relative basis.” New South Capital Management invests most heavily in the consumer discretionary sector, which alone makes up over a third of its total asset allocations, and also invests in the information technology, finance, industrials, real estate, and health care sectors, among others to a lesser degree, in order of decreasing allocation. The company’s top holdings include Zebra Technologies Corp., Jarden Corp., Gannett Co., MSC Industrial Direct Inc., and Howard Hughes Corp. New South Capital Management’s top 10 holdings together make up over a third of its total asset allocations and the company has a turnover rate of approximately 9%. The company currently holds approximately $4.4 billion in total assets under management spread across 277 accounts, all of which are discretionary. Both of the New South Capital Management’s total number of accounts and total assets under management have been increasing in recent years with its total managed assets growing significantly from $860 million back in 2010 to over five times that amount today. The company mainly caters to high net worth individuals, which alone makes up over a third of its total asset allocations, and also caters to a variety of other clientele. New South Capital Management offers its Small Cap Value, SMID Cap Value, Mid Cap Value, and Value Opportunity strategies.