SHAH CAPITAL MANAGEMENT Long-Term Concentrated

Location: Raleigh, NC

CIK: 0001383838 · Show all filings

Period: Q1 2023 (← Previous) (Next →)

Filing Date: May 8, 2023

Total Value: $344M (100.0% shares, 0.0% debt)

Holdings (16)

— NEW ORIENTAL EDUCATIO-SP 20.7%

Value $71.13M Shares 1,842,149 Share Price $38.61 Est. Cost/Share $1.49 Unrealized @ Report Date —

— VEON LTD 18.1%

Value $62.14M Shares 3,506,799 Share Price $17.72 Est. Cost/Share $0.83 Unrealized @ Report Date —

— EMEREN GROUP LTD 12.1%

Value $41.44M Shares 16,065,003 Share Price $2.58 Est. Cost/Share $1.75 Unrealized @ Report Date —

CYD CHINA YUCHAI INTL LTD 9.4%

Value $32.44M Shares 4,111,308 Share Price $7.89 * Est. Cost/Share $8.19 Unrealized @ Report Date -6.0%

NVAX NOVAVAX INC 8.6%

Value $29.46M Shares 4,251,076 Share Price $6.93 * Est. Cost/Share $10.62 Unrealized @ Report Date -13.4%

GNW GENWORTH FINANCIAL INC 7.5%

Value $25.72M Shares 5,123,917 Share Price $5.02 * Est. Cost/Share $3.57 Unrealized @ Report Date +55.2%

AM ANTERO MIDSTREAM CORP 6.4%

Value $22.04M Shares 2,100,646 Share Price $10.49 * Est. Cost/Share $3.00 Unrealized @ Report Date +192.2%

VAL VALARIS PLC 4.9%

Value $16.84M Shares 258,927 Share Price $65.06 * Est. Cost/Share $25.06 Unrealized @ Report Date +178.2%

VGSH VANGUARD SHORT TERM TREAS 3.5%

Value $12.07M Shares 206,223 Share Price $58.54 Est. Cost/Share $56.05 Unrealized @ Report Date —

— US NATURAL GAS FUND LP 2.8%

Value $9.75M Shares 1,405,000 Share Price $6.94 Est. Cost/Share $0.01 Unrealized @ Report Date —

AR ANTERO RESOURCES CORP 2.7%

Value $9.236M Shares 400,000 Share Price $23.09 * Est. Cost/Share $1.87 Unrealized @ Report Date +1309.0%

DOLE DOLE PLC 1.3%

Value $4.52M Shares 385,069 Share Price $11.74 * Est. Cost/Share $8.23 Unrealized @ Report Date +27.8%

TDAY GANNET CO INC 0.8%

Value $2.879M Shares 1,540,000 Share Price $1.87 * Est. Cost/Share $1.93 Unrealized @ Report Date +21.3%

FXI ISHARES TRUST CHINA LG-CAP ETF 0.7%

Value $2.422M Shares 82,039 Share Price $29.52 Est. Cost/Share $0.03 Unrealized @ Report Date —

LFMD LIFEMD INC 0.3%

Value $950K Shares 558,879 Share Price $1.70 * Est. Cost/Share $2.41 Unrealized @ Report Date -26.7%

— TUPPERWARE BRANDS CORP 0.2%

Value $636K Shares 254,589 Share Price $2.50 Est. Cost/Share $0.00 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	NEW ORIENTAL EDUCATIO-SP	1,842,149	$71.13M	20.7%	$38.61	$1.49	—	ADR	647581107
—	VEON LTD	3,506,799	$62.14M	18.1%	$17.72	$0.83	—	ADS	92719A106
—	EMEREN GROUP LTD	16,065,003	$41.44M	12.1%	$2.58	$1.75	—	ADR	75971T103
CYD	CHINA YUCHAI INTL LTD	4,111,308	$32.44M	9.4%	$7.89 *	$8.19	-6.0%	COM	G21082105
NVAX	NOVAVAX INC	4,251,076	$29.46M	8.6%	$6.93 *	$10.62	-13.4%	COM	670002401
GNW	GENWORTH FINANCIAL INC	5,123,917	$25.72M	7.5%	$5.02 *	$3.57	+55.2%	COM	37247D106
AM	ANTERO MIDSTREAM CORP	2,100,646	$22.04M	6.4%	$10.49 *	$3.00	+192.2%	COM	03676B102
VAL	VALARIS PLC	258,927	$16.84M	4.9%	$65.06 *	$25.06	+178.2%	COM	G9460G101
VGSH	VANGUARD SHORT TERM TREAS	206,223	$12.07M	3.5%	$58.54	$56.05	—	ETF	92206C102
—	US NATURAL GAS FUND LP	1,405,000	$9.75M	2.8%	$6.94	$0.01	—	UNIT PAR	912318300
AR	ANTERO RESOURCES CORP	400,000	$9.236M	2.7%	$23.09 *	$1.87	+1309.0%	COM	03674X106
DOLE	DOLE PLC	385,069	$4.52M	1.3%	$11.74 *	$8.23	+27.8%	COM	G27907107
TDAY	GANNET CO INC	1,540,000	$2.879M	0.8%	$1.87 *	$1.93	+21.3%	COM	36472T109
FXI	ISHARES TRUST CHINA LG-CAP ETF	82,039	$2.422M	0.7%	$29.52	$0.03	—	ETF	464287184
LFMD	LIFEMD INC	558,879	$950K	0.3%	$1.70 *	$2.41	-26.7%	COM	53216B104
—	TUPPERWARE BRANDS CORP	254,589	$636K	0.2%	$2.50	$0.00	—	COM	899896104