Filed: 5/14/2025ACC: 0001398344-25-009346
📋 What this filing means
SHAH CAPITAL MANAGEMENT filed this quarterly 13F‑HR report disclosing 17 equity positions with a total reported market value of $489.56M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
17
Positions
$489.56M
Total AUM (reported)
50.48M
Total Shares
Allocation by class
SPONSORED ADS$245.10M50.1%
COM$98.53M20.1%
COM NEW$73.38M15.0%
SHORT TERM TREAS$21.95M4.5%
CLASS B COM$16.03M3.3%
SPON ADR$14.64M3.0%
COM SHS$7.73M1.6%
Portfolio Concentration
Top 3$343.39M70.1%
4–10$120.17M24.5%
11–25$26.01M5.3%
Top 3 weight
70.1%
Top 10 weight
94.7%
Voting Authority Distribution
Total shares with voting rights: 50.48M
Sole
Full voting authority
50.48M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole17
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings17
Rows:
VEON LTD
SOLEShares4.94M
TypeSH
Market value$215.56M
44.03%
Sole
4.94M
Shared
0.00
None
0.00
NOVAVAX INC
SOLEShares11.13M
TypeSH
Market value$71.36M
14.58%
Sole
11.13M
Shared
0.00
None
0.00
CHINA YUCHAI INTL LTD
SOLEShares3.32M
TypeSH
Market value$56.48M
11.54%
Sole
3.32M
Shared
0.00
None
0.00
EMEREN GROUP LTD
SOLEShares18.82M
TypeSH
Market value$29.54M
6.03%
Sole
18.82M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares373.99K
TypeSH
Market value$21.95M
4.48%
Sole
373.99K
Shared
0.00
None
0.00
CANADIAN SOLAR INC
SOLEShares1.91M
TypeSH
Market value$16.49M
3.37%
Sole
1.91M
Shared
0.00
None
0.00
PARAMOUNT GLOBAL
SOLEShares1.34M
TypeSH
Market value$16.03M
3.27%
Sole
1.34M
Shared
0.00
None
0.00
NEW ORIENTAL ED & TECHNOLOGY
SOLEShares306.25K
TypeSH
Market value$14.64M
2.99%
Sole
306.25K
Shared
0.00
None
0.00
ANTERO MIDSTREAM CORP
SOLEShares765.57K
TypeSH
Market value$13.78M
2.81%
Sole
765.57K
Shared
0.00
None
0.00
GENWORTH FINL INC
SOLEShares1.09M
TypeSH
Market value$7.73M
1.58%
Sole
1.09M
Shared
0.00
None
0.00
WOLFSPEED INC
SOLEShares2.15M
TypeSH
Market value$6.59M
1.35%
Sole
2.15M
Shared
0.00
None
0.00
GANNETT CO INC
SOLEShares1.80M
TypeSH
Market value$5.20M
1.06%
Sole
1.80M
Shared
0.00
None
0.00
VALARIS LTD
SOLEShares120.51K
TypeSH
Market value$4.73M
0.97%
Sole
120.51K
Shared
0.00
None
0.00
DOLE PLC
SOLEShares271.23K
TypeSH
Market value$3.92M
0.80%
Sole
271.23K
Shared
0.00
None
0.00
CHEER HLDG INC
SOLEShares1.71M
TypeSH
Market value$2.27M
0.46%
Sole
1.71M
Shared
0.00
None
0.00
XEROX HOLDINGS CORP
SOLEShares418.79K
TypeSH
Market value$2.02M
0.41%
Sole
418.79K
Shared
0.00
None
0.00
BAIDU INC
SOLEShares13.94K
TypeSH
Market value$1.28M
0.26%
Sole
13.94K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VEON LTDSOLE | SPONSORED ADS | 4.94M | SH | $215.56M 44.03% | 4.94M | 0.00 | 0.00 |
NOVAVAX INCSOLE | COM NEW | 11.13M | SH | $71.36M 14.58% | 11.13M | 0.00 | 0.00 |
CHINA YUCHAI INTL LTDSOLE | COM | 3.32M | SH | $56.48M 11.54% | 3.32M | 0.00 | 0.00 |
EMEREN GROUP LTDSOLE | SPONSORED ADS | 18.82M | SH | $29.54M 6.03% | 18.82M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | SHORT TERM TREAS | 373.99K | SH | $21.95M 4.48% | 373.99K | 0.00 | 0.00 |
CANADIAN SOLAR INCSOLE | COM | 1.91M | SH | $16.49M 3.37% | 1.91M | 0.00 | 0.00 |
PARAMOUNT GLOBALSOLE | CLASS B COM | 1.34M | SH | $16.03M 3.27% | 1.34M | 0.00 | 0.00 |
NEW ORIENTAL ED & TECHNOLOGYSOLE | SPON ADR | 306.25K | SH | $14.64M 2.99% | 306.25K | 0.00 | 0.00 |
ANTERO MIDSTREAM CORPSOLE | COM | 765.57K | SH | $13.78M 2.81% | 765.57K | 0.00 | 0.00 |
GENWORTH FINL INCSOLE | COM SHS | 1.09M | SH | $7.73M 1.58% | 1.09M | 0.00 | 0.00 |
WOLFSPEED INCSOLE | COM | 2.15M | SH | $6.59M 1.35% | 2.15M | 0.00 | 0.00 |
GANNETT CO INCSOLE | COM | 1.80M | SH | $5.20M 1.06% | 1.80M | 0.00 | 0.00 |
VALARIS LTDSOLE | CL A | 120.51K | SH | $4.73M 0.97% | 120.51K | 0.00 | 0.00 |
DOLE PLCSOLE | ORD SHS | 271.23K | SH | $3.92M 0.80% | 271.23K | 0.00 | 0.00 |
CHEER HLDG INCSOLE | SHS CL A | 1.71M | SH | $2.27M 0.46% | 1.71M | 0.00 | 0.00 |
XEROX HOLDINGS CORPSOLE | COM NEW | 418.79K | SH | $2.02M 0.41% | 418.79K | 0.00 | 0.00 |
BAIDU INCSOLE | SPON ADR REP A | 13.94K | SH | $1.28M 0.26% | 13.94K | 0.00 | 0.00 |