SHAH CAPITAL MANAGEMENT Long-Term Concentrated

Location: Raleigh, NC

CIK: 0001383838 · Show all filings

Period: Q2 2023 (← Previous) (Next →)

Filing Date: Jul 13, 2023

Total Value: $404M (100.0% shares, 0.0% debt)

Holdings (17)

— NEW ORIENTAL EDUCATIO-SP 17.9%

Value $72.42M Shares 1,833,832 Share Price $39.49 Est. Cost/Share $1.49 Unrealized @ Report Date —

— VEON LTD 17.9%

Value $72.14M Shares 3,529,230 Share Price $20.44 Est. Cost/Share $0.83 Unrealized @ Report Date —

— EMEREN GROUP LTD 15.5%

Value $62.43M Shares 16,471,803 Share Price $3.79 Est. Cost/Share $1.70 Unrealized @ Report Date —

CYD CHINA YUCHAI INTL LTD 10.6%

Value $42.96M Shares 4,091,436 Share Price $10.50 * Est. Cost/Share $8.19 Unrealized @ Report Date -5.2%

NVAX NOVAVAX INC 10.1%

Value $40.72M Shares 5,480,756 Share Price $7.43 * Est. Cost/Share $10.00 Unrealized @ Report Date -21.4%

AM ANTERO MIDSTREAM CORP 6.0%

Value $24.37M Shares 2,100,646 Share Price $11.60 * Est. Cost/Share $3.00 Unrealized @ Report Date +198.3%

GNW GENWORTH FINANCIAL INC 5.8%

Value $23.62M Shares 4,723,917 Share Price $5.00 * Est. Cost/Share $3.57 Unrealized @ Report Date +53.3%

VAL VALARIS PLC 4.0%

Value $16.29M Shares 258,927 Share Price $62.93 * Est. Cost/Share $25.06 Unrealized @ Report Date +140.5%

VGSH VANGUARD SHORT TERM TREAS 2.9%

Value $11.9M Shares 206,223 Share Price $57.73 Est. Cost/Share $56.05 Unrealized @ Report Date —

— US NATURAL GAS FUND LP 2.4%

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

AR ANTERO RESOURCES CORP 2.3%

Value $9.212M Shares 400,000 Share Price $23.03 * Est. Cost/Share $1.87 Unrealized @ Report Date +1087.6%

DOLE DOLE PLC 1.3%

Value $5.206M Shares 385,069 Share Price $13.52 * Est. Cost/Share $8.23 Unrealized @ Report Date +47.6%

CHR GLORY STAR NEW MEDIA GROUP 1.2%

Value $4.844M Shares 9,886,485 Share Price $0.49 * Est. Cost/Share $295.24 Unrealized @ Report Date 0.0%

TDAY GANNET CO INC 1.2%

Value $4.725M Shares 2,100,000 Share Price $2.25 * Est. Cost/Share $1.95 Unrealized @ Report Date +2.4%

FXI ISHARES TRUST CHINA LG-CAP ETF 0.6%

Value $2.23M Shares 82,039 Share Price $27.18 Est. Cost/Share $0.03 Unrealized @ Report Date —

— TUPPERWARE BRANDS CORP 0.2%

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

LFMD LIFEMD INC 0.1%

Value $435K Shares 100,000 Share Price $4.35 * Est. Cost/Share $2.41 Unrealized @ Report Date -7.8%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
—	NEW ORIENTAL EDUCATIO-SP	1,833,832	$72.42M	17.9%	$39.49	$1.49	—	ADR	647581107
—	VEON LTD	3,529,230	$72.14M	17.9%	$20.44	$0.83	—	ADS	92719A106
—	EMEREN GROUP LTD	16,471,803	$62.43M	15.5%	$3.79	$1.70	—	ADR	75971T103
CYD	CHINA YUCHAI INTL LTD	4,091,436	$42.96M	10.6%	$10.50 *	$8.19	-5.2%	COM	G21082105
NVAX	NOVAVAX INC	5,480,756	$40.72M	10.1%	$7.43 *	$10.00	-21.4%	COM	670002401
AM	ANTERO MIDSTREAM CORP	2,100,646	$24.37M	6.0%	$11.60 *	$3.00	+198.3%	COM	03676B102
GNW	GENWORTH FINANCIAL INC	4,723,917	$23.62M	5.8%	$5.00 *	$3.57	+53.3%	COM	37247D106
VAL	VALARIS PLC	258,927	$16.29M	4.0%	$62.93 *	$25.06	+140.5%	COM	G9460G101
VGSH	VANGUARD SHORT TERM TREAS	206,223	$11.9M	2.9%	$57.73	$56.05	—	ETF	92206C102
—	US NATURAL GAS FUND LP	1,405,000	$9.75M	2.4%	$6.94	$0.01	—	UNIT PAR	912318300
AR	ANTERO RESOURCES CORP	400,000	$9.212M	2.3%	$23.03 *	$1.87	+1087.6%	COM	03674X106
DOLE	DOLE PLC	385,069	$5.206M	1.3%	$13.52 *	$8.23	+47.6%	COM	G27907107
CHR	GLORY STAR NEW MEDIA GROUP	9,886,485	$4.844M	1.2%	$0.49 *	$295.24	0.0%	COM	G39973105
TDAY	GANNET CO INC	2,100,000	$4.725M	1.2%	$2.25 *	$1.95	+2.4%	COM	36472T109
FXI	ISHARES TRUST CHINA LG-CAP ETF	82,039	$2.23M	0.6%	$27.18	$0.03	—	ETF	464287184
—	TUPPERWARE BRANDS CORP	254,589	$636K	0.2%	$2.50	$0.00	—	COM	899896104
LFMD	LIFEMD INC	100,000	$435K	0.1%	$4.35 *	$2.41	-7.8%	COM	53216B104