SHAH CAPITAL MANAGEMENT Long-Term Concentrated

Location: Raleigh, NC

CIK: 0001383838 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 5, 2024

Total Value: $390M (100.0% shares, 0.0% debt)

Holdings (15)

VEON VEON LTD 25.0%

Value $97.54M Shares 4,951,467 Share Price $19.70 Est. Cost/Share $19.70 Unrealized @ Report Date —

EDU NEW ORIENTAL ED & TECHNOLOGY 15.5%

Value $60.66M Shares 827,770 Share Price $73.28 Est. Cost/Share $73.28 Unrealized @ Report Date —

— EMEREN GROUP LTD 13.0%

Value $50.89M Shares 18,639,226 Share Price $2.73 Est. Cost/Share $2.73 Unrealized @ Report Date —

NVAX NOVAVAX INC 9.6%

Value $37.35M Shares 7,780,756 Share Price $4.80 * Est. Cost/Share $9.06 Unrealized @ Report Date -32.4%

CYD CHINA YUCHAI INTL LTD 8.8%

Value $34.43M Shares 4,108,507 Share Price $8.38 Est. Cost/Share $8.19 Unrealized @ Report Date +2.7%

GNW GENWORTH FINL INC 8.1%

Value $31.56M Shares 4,723,917 Share Price $6.68 * Est. Cost/Share $3.57 Unrealized @ Report Date +70.1%

AM ANTERO MIDSTREAM CORP 5.8%

Value $22.55M Shares 1,799,646 Share Price $12.53 * Est. Cost/Share $3.00 Unrealized @ Report Date +267.5%

VAL VALARIS LTD 4.5%

Value $17.75M Shares 258,927 Share Price $68.57 Est. Cost/Share $25.06 Unrealized @ Report Date +173.4%

VGSH VANGUARD SCOTTSDALE FDS 3.6%

Value $14.07M Shares 241,223 Share Price $58.33 Est. Cost/Share $47.92 Unrealized @ Report Date —

AR ANTERO RESOURCES CORP 2.3%

Value $9.072M Shares 400,000 Share Price $22.68 * Est. Cost/Share $1.87 Unrealized @ Report Date +1255.4%

TDAY GANNETT CO INC 1.2%

Value $4.83M Shares 2,100,000 Share Price $2.30 * Est. Cost/Share $1.95 Unrealized @ Report Date +14.4%

— CHEER HLDG INC 1.0%

Value $3.946M Shares 1,256,691 Share Price $3.14 Est. Cost/Share $3.14 Unrealized @ Report Date —

DOLE DOLE PLC 1.0%

Value $3.774M Shares 307,065 Share Price $12.29 * Est. Cost/Share $8.23 Unrealized @ Report Date +34.7%

FXI ISHARES TR 0.5%

Value $1.971M Shares 82,039 Share Price $24.03 Est. Cost/Share $0.03 Unrealized @ Report Date —

NBIS YANDEX N V 0.0%

Value $0 Shares 17,000 Share Price $0.00 Est. Cost/Share — Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VEON	VEON LTD	4,951,467	$97.54M	25.0%	$19.70	$19.70	—	SPONSORED ADS	91822M502
EDU	NEW ORIENTAL ED & TECHNOLOGY	827,770	$60.66M	15.5%	$73.28	$73.28	—	SPON ADR	647581206
—	EMEREN GROUP LTD	18,639,226	$50.89M	13.0%	$2.73	$2.73	—	SPONSORED ADS	75971T301
NVAX	NOVAVAX INC	7,780,756	$37.35M	9.6%	$4.80 *	$9.06	-32.4%	COM NEW	670002401
CYD	CHINA YUCHAI INTL LTD	4,108,507	$34.43M	8.8%	$8.38	$8.19	+2.7%	COM	G21082105
GNW	GENWORTH FINL INC	4,723,917	$31.56M	8.1%	$6.68 *	$3.57	+70.1%	COM CL A	37247D106
AM	ANTERO MIDSTREAM CORP	1,799,646	$22.55M	5.8%	$12.53 *	$3.00	+267.5%	COM	03676B102
VAL	VALARIS LTD	258,927	$17.75M	4.5%	$68.57	$25.06	+173.4%	CL A	G9460G101
VGSH	VANGUARD SCOTTSDALE FDS	241,223	$14.07M	3.6%	$58.33	$47.92	—	SHORT TERM TREAS	92206C102
AR	ANTERO RESOURCES CORP	400,000	$9.072M	2.3%	$22.68 *	$1.87	+1255.4%	COM	03674X106
TDAY	GANNETT CO INC	2,100,000	$4.83M	1.2%	$2.30 *	$1.95	+14.4%	COM	36472T109
—	CHEER HLDG INC	1,256,691	$3.946M	1.0%	$3.14	$3.14	—	SHS NEW	G39973204
DOLE	DOLE PLC	307,065	$3.774M	1.0%	$12.29 *	$8.23	+34.7%	ORD SHS	G27907107
FXI	ISHARES TR	82,039	$1.971M	0.5%	$24.03	$0.03	—	CHINA LG-CAP ETF	464287184
NBIS	YANDEX N V	17,000	$0	0.0%	$0.00	—	—	SHS CLASS A	N97284108