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 Share Price $40.10 Est. Cost/Share $19.70 Unrealized @ Report Date —

NVAX NOVAVAX INC 18.1%

Value $89.64M Shares 11,148,846 Share Price $8.04 * Est. Cost/Share $9.19 Unrealized @ Report Date +4.9%

CYD CHINA YUCHAI INTL LTD 8.4%

Value $41.41M Shares 4,345,471 Share Price $9.53 * Est. Cost/Share $8.25 Unrealized @ Report Date +24.4%

— EMEREN GROUP LTD 7.7%

Value $38.2M Shares 18,818,236 Share Price $2.03 Est. Cost/Share $2.73 Unrealized @ Report Date —

EDU NEW ORIENTAL ED & TECHNOLOGY 4.0%

Value $19.8M Shares 308,558 Share Price $64.18 Est. Cost/Share $73.28 Unrealized @ Report Date —

CSIQ CANADIAN SOLAR INC 3.9%

Value $19.41M Shares 1,745,546 Share Price $11.12 * Est. Cost/Share $13.08 Unrealized @ Report Date -1.4%

BIDU BAIDU INC 2.8%

Value $13.88M Shares 164,656 Share Price $84.31 Est. Cost/Share $86.48 Unrealized @ Report Date —

VGSH VANGUARD SCOTTSDALE FDS 2.8%

Value $13.83M Shares 237,752 Share Price $58.18 Est. Cost/Share $48.18 Unrealized @ Report Date —

GNW GENWORTH FINL INC 2.7%

Value $13.19M Shares 1,887,170 Share Price $6.99 * Est. Cost/Share $3.57 Unrealized @ Report Date +101.1%

AM ANTERO MIDSTREAM CORP 2.4%

Value $11.91M Shares 789,397 Share Price $15.09 * Est. Cost/Share $3.00 Unrealized @ Report Date +373.7%

— PARAMOUNT GLOBAL 2.4%

Value $11.73M Shares 1,121,000 Share Price $10.46 Est. Cost/Share $10.51 Unrealized @ Report Date —

TDAY GANNETT CO INC 1.8%

Value $9.108M Shares 1,800,000 Share Price $5.06 * Est. Cost/Share $1.95 Unrealized @ Report Date +172.7%

VAL VALARIS LTD 1.1%

Value $5.38M Shares 121,600 Share Price $44.24 * Est. Cost/Share $25.06 Unrealized @ Report Date +92.1%

— CHEER HLDG INC 0.8%

Value $4.021M Shares 1,614,921 Share Price $2.49 Est. Cost/Share $3.00 Unrealized @ Report Date —

DOLE DOLE PLC 0.8%

Value $3.736M Shares 275,890 Share Price $13.54 * Est. Cost/Share $8.23 Unrealized @ Report Date +83.6%

BABA ALIBABA GROUP HLDG LTD 0.5%

Value $2.398M Shares 28,279 Share Price $84.79 Est. Cost/Share $72.36 Unrealized @ Report Date —

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
VEON	VEON LTD	4,943,890	$198M	40.0%	$40.10	$19.70	—	SPONSORED ADS	91822M502
NVAX	NOVAVAX INC	11,148,846	$89.64M	18.1%	$8.04 *	$9.19	+4.9%	COM NEW	670002401
CYD	CHINA YUCHAI INTL LTD	4,345,471	$41.41M	8.4%	$9.53 *	$8.25	+24.4%	COM	G21082105
—	EMEREN GROUP LTD	18,818,236	$38.2M	7.7%	$2.03	$2.73	—	SPONSORED ADS	75971T301
EDU	NEW ORIENTAL ED & TECHNOLOGY	308,558	$19.8M	4.0%	$64.18	$73.28	—	SPON ADR	647581206
CSIQ	CANADIAN SOLAR INC	1,745,546	$19.41M	3.9%	$11.12 *	$13.08	-1.4%	COM	136635109
BIDU	BAIDU INC	164,656	$13.88M	2.8%	$84.31	$86.48	—	SPON ADR REP A	056752108
VGSH	VANGUARD SCOTTSDALE FDS	237,752	$13.83M	2.8%	$58.18	$48.18	—	SHORT TERM TREAS	92206C102
GNW	GENWORTH FINL INC	1,887,170	$13.19M	2.7%	$6.99 *	$3.57	+101.1%	COM SHS	37247D106
AM	ANTERO MIDSTREAM CORP	789,397	$11.91M	2.4%	$15.09 *	$3.00	+373.7%	COM	03676B102
—	PARAMOUNT GLOBAL	1,121,000	$11.73M	2.4%	$10.46	$10.51	—	CLASS B COM	92556H206
TDAY	GANNETT CO INC	1,800,000	$9.108M	1.8%	$5.06 *	$1.95	+172.7%	COM	36472T109
VAL	VALARIS LTD	121,600	$5.38M	1.1%	$44.24 *	$25.06	+92.1%	CL A	G9460G101
—	CHEER HLDG INC	1,614,921	$4.021M	0.8%	$2.49	$3.00	—	SHS CL A	G39973204
DOLE	DOLE PLC	275,890	$3.736M	0.8%	$13.54 *	$8.23	+83.6%	ORD SHS	G27907107
BABA	ALIBABA GROUP HLDG LTD	28,279	$2.398M	0.5%	$84.79	$72.36	—	SPONSORED ADS	01609W102