SHAH CAPITAL MANAGEMENT Long-Term Concentrated

Location: Raleigh, NC

CIK: 0001383838 · Show all filings

Period: Q1 2024 (← Previous) (Next →)

Filing Date: May 15, 2024

Total Value: $357M (100.0% shares, 0.0% debt)

Holdings (17)

VEON VEON LTD 33.3%

Value $119M Shares 4,949,070 Share Price $24.01 Est. Cost/Share $19.70 Unrealized @ Report Date —

EDU NEW ORIENTAL ED & TECHNOLOGY 12.1%

Value $43.29M Shares 498,630 Share Price $86.82 Est. Cost/Share $73.28 Unrealized @ Report Date —

NVAX NOVAVAX INC 10.9%

Value $38.8M Shares 8,117,827 Share Price $4.78 * Est. Cost/Share $8.88 Unrealized @ Report Date -47.7%

— EMEREN GROUP LTD 10.1%

Value $35.97M Shares 18,635,291 Share Price $1.93 Est. Cost/Share $2.73 Unrealized @ Report Date —

CYD CHINA YUCHAI INTL LTD 10.0%

Value $35.76M Shares 4,192,772 Share Price $8.53 * Est. Cost/Share $8.19 Unrealized @ Report Date -0.4%

VAL VALARIS LTD 5.4%

Value $19.46M Shares 258,529 Share Price $75.26 * Est. Cost/Share $25.06 Unrealized @ Report Date +167.5%

GNW GENWORTH FINL INC 5.4%

Value $19.29M Shares 3,000,000 Share Price $6.43 * Est. Cost/Share $3.57 Unrealized @ Report Date +75.4%

VGSH VANGUARD SCOTTSDALE FDS 4.0%

Value $14.37M Shares 247,496 Share Price $58.07 Est. Cost/Share $48.18 Unrealized @ Report Date —

AM ANTERO MIDSTREAM CORP 3.1%

Value $11.25M Shares 800,000 Share Price $14.06 * Est. Cost/Share $3.00 Unrealized @ Report Date +279.9%

TDAY GANNETT CO INC 1.4%

Value $5.124M Shares 2,100,000 Share Price $2.44 * Est. Cost/Share $1.95 Unrealized @ Report Date +15.4%

DOLE DOLE PLC 1.0%

Value $3.653M Shares 306,211 Share Price $11.93 * Est. Cost/Share $8.23 Unrealized @ Report Date +36.1%

— CHEER HLDG INC 0.9%

Value $3.164M Shares 1,265,558 Share Price $2.50 Est. Cost/Share $3.14 Unrealized @ Report Date —

UNG UNITED STS NAT GAS FD LP 0.9%

Value $3.124M Shares 214,433 Share Price $14.57 Est. Cost/Share $14.57 Unrealized @ Report Date —

BABA ALIBABA GROUP HLDG LTD 0.6%

Value $2.152M Shares 29,739 Share Price $72.36 Est. Cost/Share $72.36 Unrealized @ Report Date —

FXI ISHARES TR 0.5%

Value $1.96M Shares 81,424 Share Price $24.07 Est. Cost/Share $0.03 Unrealized @ Report Date —

— PARAMOUNT GLOBAL 0.3%

Value $1.178M Shares 100,100 Share Price $11.77 Est. Cost/Share $11.77 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	4,949,070	$119M	33.3%	$24.01	$19.70	—	SPONSORED ADS	91822M502
EDU	NEW ORIENTAL ED & TECHNOLOGY	498,630	$43.29M	12.1%	$86.82	$73.28	—	SPON ADR	647581206
NVAX	NOVAVAX INC	8,117,827	$38.8M	10.9%	$4.78 *	$8.88	-47.7%	COM NEW	670002401
—	EMEREN GROUP LTD	18,635,291	$35.97M	10.1%	$1.93	$2.73	—	SPONSORED ADS	75971T301
CYD	CHINA YUCHAI INTL LTD	4,192,772	$35.76M	10.0%	$8.53 *	$8.19	-0.4%	COM	G21082105
VAL	VALARIS LTD	258,529	$19.46M	5.4%	$75.26 *	$25.06	+167.5%	CL A	G9460G101
GNW	GENWORTH FINL INC	3,000,000	$19.29M	5.4%	$6.43 *	$3.57	+75.4%	COM CL A	37247D106
VGSH	VANGUARD SCOTTSDALE FDS	247,496	$14.37M	4.0%	$58.07	$48.18	—	SHORT TERM TREAS	92206C102
AM	ANTERO MIDSTREAM CORP	800,000	$11.25M	3.1%	$14.06 *	$3.00	+279.9%	COM	03676B102
TDAY	GANNETT CO INC	2,100,000	$5.124M	1.4%	$2.44 *	$1.95	+15.4%	COM	36472T109
DOLE	DOLE PLC	306,211	$3.653M	1.0%	$11.93 *	$8.23	+36.1%	ORD SHS	G27907107
—	CHEER HLDG INC	1,265,558	$3.164M	0.9%	$2.50	$3.14	—	SHS NEW	G39973204
UNG	UNITED STS NAT GAS FD LP	214,433	$3.124M	0.9%	$14.57	$14.57	—	UNIT PAR	912318409
BABA	ALIBABA GROUP HLDG LTD	29,739	$2.152M	0.6%	$72.36	$72.36	—	SPONSORED ADS	01609W102
FXI	ISHARES TR	81,424	$1.96M	0.5%	$24.07	$0.03	—	CHINA LG-CAP ETF	464287184
—	PARAMOUNT GLOBAL	100,100	$1.178M	0.3%	$11.77	$11.77	—	CLASS B COM	92556H206
NBIS	YANDEX N V	17,000	$0	0.0%	$0.00	—	—	SHS CLASS A	N97284108