SHAH CAPITAL MANAGEMENT Long-Term Concentrated

CIK: 0001383838 · Show all filings

Period: Q1 2025 (← Previous) (Next →)

Filing Date: May 14, 2025

Total Value ($000): $489,564 (100.0% shares, 0.0% debt)

Holdings (17)

VEON VEON LTD 44.0%

Value ($000) $215,555 Shares 4,942,790 Est. Cost $19.70 Unrealized —

NVAX NOVAVAX INC 14.6%

Value ($000) $71,355 Shares 11,131,846 Est. Cost $9.19 Unrealized -10.0%

CYD CHINA YUCHAI INTL LTD 11.5%

Value ($000) $56,475 Shares 3,324,022 Est. Cost $8.25 Unrealized +81.7%

— EMEREN GROUP LTD 6.0%

Value ($000) $29,545 Shares 18,818,236 Est. Cost $2.73 Unrealized —

VGSH VANGUARD SCOTTSDALE FDS 4.5%

Value ($000) $21,949 Shares 373,988 Est. Cost $52.01 Unrealized —

CSIQ CANADIAN SOLAR INC 3.4%

Value ($000) $16,489 Shares 1,906,285 Est. Cost $12.87 Unrealized -18.2%

— PARAMOUNT GLOBAL 3.3%

Value ($000) $16,028 Shares 1,340,173 Est. Cost $10.75 Unrealized —

EDU NEW ORIENTAL ED & TECHNOLOGY 3.0%

Value ($000) $14,642 Shares 306,250 Est. Cost $73.28 Unrealized —

AM ANTERO MIDSTREAM CORP 2.8%

Value ($000) $13,780 Shares 765,565 Est. Cost $3.00 Unrealized +422.5%

GNW GENWORTH FINL INC 1.6%

Value ($000) $7,733 Shares 1,090,743 Est. Cost $3.57 Unrealized +94.8%

— WOLFSPEED INC 1.3%

Value ($000) $6,586 Shares 2,152,225 Est. Cost $3.06 Unrealized —

TDAY GANNETT CO INC 1.1%

Value ($000) $5,202 Shares 1,800,000 Est. Cost $1.95 Unrealized +114.7%

VAL VALARIS LTD 1.0%

Value ($000) $4,731 Shares 120,506 Est. Cost $25.06 Unrealized +71.0%

DOLE DOLE PLC 0.8%

Value ($000) $3,919 Shares 271,232 Est. Cost $8.23 Unrealized +66.0%

— CHEER HLDG INC 0.5%

Value ($000) $2,268 Shares 1,705,050 Est. Cost $2.91 Unrealized —

XRX XEROX HOLDINGS CORP 0.4%

Value ($000) $2,023 Shares 418,794 Est. Cost $7.50 Unrealized 0.0%

BIDU BAIDU INC 0.3%

Value ($000) $1,282 Shares 13,935 Est. Cost $86.48 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VEON	VEON LTD	4,942,790	$215,555	44.0%	$19.70	—	SPONSORED ADS	91822M502
NVAX	NOVAVAX INC	11,131,846	$71,355	14.6%	$9.19	-10.0%	COM NEW	670002401
CYD	CHINA YUCHAI INTL LTD	3,324,022	$56,475	11.5%	$8.25	+81.7%	COM	G21082105
—	EMEREN GROUP LTD	18,818,236	$29,545	6.0%	$2.73	—	SPONSORED ADS	75971T301
VGSH	VANGUARD SCOTTSDALE FDS	373,988	$21,949	4.5%	$52.01	—	SHORT TERM TREAS	92206C102
CSIQ	CANADIAN SOLAR INC	1,906,285	$16,489	3.4%	$12.87	-18.2%	COM	136635109
—	PARAMOUNT GLOBAL	1,340,173	$16,028	3.3%	$10.75	—	CLASS B COM	92556H206
EDU	NEW ORIENTAL ED & TECHNOLOGY	306,250	$14,642	3.0%	$73.28	—	SPON ADR	647581206
AM	ANTERO MIDSTREAM CORP	765,565	$13,780	2.8%	$3.00	+422.5%	COM	03676B102
GNW	GENWORTH FINL INC	1,090,743	$7,733	1.6%	$3.57	+94.8%	COM SHS	37247D106
—	WOLFSPEED INC	2,152,225	$6,586	1.3%	$3.06	—	COM	977852102
TDAY	GANNETT CO INC	1,800,000	$5,202	1.1%	$1.95	+114.7%	COM	36472T109
VAL	VALARIS LTD	120,506	$4,731	1.0%	$25.06	+71.0%	CL A	G9460G101
DOLE	DOLE PLC	271,232	$3,919	0.8%	$8.23	+66.0%	ORD SHS	G27907107
—	CHEER HLDG INC	1,705,050	$2,268	0.5%	$2.91	—	SHS CL A	G39973204
XRX	XEROX HOLDINGS CORP	418,794	$2,023	0.4%	$7.50	0.0%	COM NEW	98421M106
BIDU	BAIDU INC	13,935	$1,282	0.3%	$86.48	—	SPON ADR REP A	056752108