SHAH CAPITAL MANAGEMENT Long-Term Concentrated

Location: Raleigh, NC

CIK: 0001383838 · Show all filings

Period: Q4 2024 (← Previous) (Next →)

Filing Date: Jan 22, 2025

Total Value: $496M (100.0% shares, 0.0% debt)

Holdings (16)

VEON VEON LTD 40.0%

Value $198M Shares 4,943,890 Est. Cost $19.70 Unrealized —

NVAX NOVAVAX INC 18.1%

Value $89.64M Shares 11,148,846 Est. Cost $9.19 Unrealized +4.9%

CYD CHINA YUCHAI INTL LTD 8.4%

Value $41.41M Shares 4,345,471 Est. Cost $8.25 Unrealized +24.4%

— EMEREN GROUP LTD 7.7%

Value $38.2M Shares 18,818,236 Est. Cost $2.73 Unrealized —

EDU NEW ORIENTAL ED & TECHNOLOGY 4.0%

Value $19.8M Shares 308,558 Est. Cost $73.28 Unrealized —

CSIQ CANADIAN SOLAR INC 3.9%

Value $19.41M Shares 1,745,546 Est. Cost $13.08 Unrealized -1.4%

BIDU BAIDU INC 2.8%

Value $13.88M Shares 164,656 Est. Cost $86.48 Unrealized —

VGSH VANGUARD SCOTTSDALE FDS 2.8%

Value $13.83M Shares 237,752 Est. Cost $48.18 Unrealized —

GNW GENWORTH FINL INC 2.7%

Value $13.19M Shares 1,887,170 Est. Cost $3.57 Unrealized +101.1%

AM ANTERO MIDSTREAM CORP 2.4%

Value $11.91M Shares 789,397 Est. Cost $3.00 Unrealized +373.7%

— PARAMOUNT GLOBAL 2.4%

Value $11.73M Shares 1,121,000 Est. Cost $10.51 Unrealized —

TDAY GANNETT CO INC 1.8%

Value $9.108M Shares 1,800,000 Est. Cost $1.95 Unrealized +172.7%

VAL VALARIS LTD 1.1%

Value $5.38M Shares 121,600 Est. Cost $25.06 Unrealized +92.1%

— CHEER HLDG INC 0.8%

Value $4.021M Shares 1,614,921 Est. Cost $3.00 Unrealized —

DOLE DOLE PLC 0.8%

Value $3.736M Shares 275,890 Est. Cost $8.23 Unrealized +83.6%

BABA ALIBABA GROUP HLDG LTD 0.5%

Value $2.398M Shares 28,279 Est. Cost $72.36 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VEON	VEON LTD	4,943,890	$198M	40.0%	$19.70	—	SPONSORED ADS	91822M502
NVAX	NOVAVAX INC	11,148,846	$89.64M	18.1%	$9.19	+4.9%	COM NEW	670002401
CYD	CHINA YUCHAI INTL LTD	4,345,471	$41.41M	8.4%	$8.25	+24.4%	COM	G21082105
—	EMEREN GROUP LTD	18,818,236	$38.2M	7.7%	$2.73	—	SPONSORED ADS	75971T301
EDU	NEW ORIENTAL ED & TECHNOLOGY	308,558	$19.8M	4.0%	$73.28	—	SPON ADR	647581206
CSIQ	CANADIAN SOLAR INC	1,745,546	$19.41M	3.9%	$13.08	-1.4%	COM	136635109
BIDU	BAIDU INC	164,656	$13.88M	2.8%	$86.48	—	SPON ADR REP A	056752108
VGSH	VANGUARD SCOTTSDALE FDS	237,752	$13.83M	2.8%	$48.18	—	SHORT TERM TREAS	92206C102
GNW	GENWORTH FINL INC	1,887,170	$13.19M	2.7%	$3.57	+101.1%	COM SHS	37247D106
AM	ANTERO MIDSTREAM CORP	789,397	$11.91M	2.4%	$3.00	+373.7%	COM	03676B102
—	PARAMOUNT GLOBAL	1,121,000	$11.73M	2.4%	$10.51	—	CLASS B COM	92556H206
TDAY	GANNETT CO INC	1,800,000	$9.108M	1.8%	$1.95	+172.7%	COM	36472T109
VAL	VALARIS LTD	121,600	$5.38M	1.1%	$25.06	+92.1%	CL A	G9460G101
—	CHEER HLDG INC	1,614,921	$4.021M	0.8%	$3.00	—	SHS CL A	G39973204
DOLE	DOLE PLC	275,890	$3.736M	0.8%	$8.23	+83.6%	ORD SHS	G27907107
BABA	ALIBABA GROUP HLDG LTD	28,279	$2.398M	0.5%	$72.36	—	SPONSORED ADS	01609W102