Filed: 7/23/2025ACC: 0001398344-25-013573
📋 What this filing means
SHAH CAPITAL MANAGEMENT filed this quarterly 13F‑HR report disclosing 14 equity positions with a total reported market value of $513.97M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
14
Positions
$513.97M
Total AUM (reported)
46.78M
Total Shares
Allocation by class
SPONSORED ADS$261.80M50.9%
COM$116.15M22.6%
COM NEW$72.52M14.1%
SHORT TERM TREAS$21.98M4.3%
SPON ADR$16.47M3.2%
CLASS B COM$10.19M2.0%
CL A$5.07M1.0%
Portfolio Concentration
Top 3$376.96M73.3%
4–10$122.15M23.8%
11–25$14.86M2.9%
Top 3 weight
73.3%
Top 10 weight
97.1%
Voting Authority Distribution
Total shares with voting rights: 46.78M
Sole
Full voting authority
46.78M
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)
Sole14
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings14
Rows:
VEON LTD
SOLEShares4.92M
TypeSH
Market value$226.61M
44.09%
Sole
4.92M
Shared
0.00
None
0.00
CHINA YUCHAI INTL LTD
SOLEShares3.26M
TypeSH
Market value$77.83M
15.14%
Sole
3.26M
Shared
0.00
None
0.00
NOVAVAX INC
SOLEShares11.51M
TypeSH
Market value$72.52M
14.11%
Sole
11.51M
Shared
0.00
None
0.00
EMEREN GROUP LTD
SOLEShares18.82M
TypeSH
Market value$35.19M
6.85%
Sole
18.82M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares373.99K
TypeSH
Market value$21.98M
4.28%
Sole
373.99K
Shared
0.00
None
0.00
CANADIAN SOLAR INC
SOLEShares1.88M
TypeSH
Market value$20.76M
4.04%
Sole
1.88M
Shared
0.00
None
0.00
NEW ORIENTAL ED & TECHNOLOGY
SOLEShares305.32K
TypeSH
Market value$16.47M
3.20%
Sole
305.32K
Shared
0.00
None
0.00
ANTERO MIDSTREAM CORP
SOLEShares586K
TypeSH
Market value$11.10M
2.16%
Sole
586K
Shared
0.00
None
0.00
PARAMOUNT GLOBAL
SOLEShares790.17K
TypeSH
Market value$10.19M
1.98%
Sole
790.17K
Shared
0.00
None
0.00
GANNETT CO INC
SOLEShares1.80M
TypeSH
Market value$6.44M
1.25%
Sole
1.80M
Shared
0.00
None
0.00
VALARIS LTD
SOLEShares120.51K
TypeSH
Market value$5.07M
0.99%
Sole
120.51K
Shared
0.00
None
0.00
DOLE PLC
SOLEShares271.23K
TypeSH
Market value$3.79M
0.74%
Sole
271.23K
Shared
0.00
None
0.00
CHEER HLDG INC
SOLEShares2.11M
TypeSH
Market value$3.08M
0.60%
Sole
2.11M
Shared
0.00
None
0.00
BAIDU INC
SOLEShares33.94K
TypeSH
Market value$2.91M
0.57%
Sole
33.94K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VEON LTDSOLE | SPONSORED ADS | 4.92M | SH | $226.61M 44.09% | 4.92M | 0.00 | 0.00 |
CHINA YUCHAI INTL LTDSOLE | COM | 3.26M | SH | $77.83M 15.14% | 3.26M | 0.00 | 0.00 |
NOVAVAX INCSOLE | COM NEW | 11.51M | SH | $72.52M 14.11% | 11.51M | 0.00 | 0.00 |
EMEREN GROUP LTDSOLE | SPONSORED ADS | 18.82M | SH | $35.19M 6.85% | 18.82M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | SHORT TERM TREAS | 373.99K | SH | $21.98M 4.28% | 373.99K | 0.00 | 0.00 |
CANADIAN SOLAR INCSOLE | COM | 1.88M | SH | $20.76M 4.04% | 1.88M | 0.00 | 0.00 |
NEW ORIENTAL ED & TECHNOLOGYSOLE | SPON ADR | 305.32K | SH | $16.47M 3.20% | 305.32K | 0.00 | 0.00 |
ANTERO MIDSTREAM CORPSOLE | COM | 586K | SH | $11.10M 2.16% | 586K | 0.00 | 0.00 |
PARAMOUNT GLOBALSOLE | CLASS B COM | 790.17K | SH | $10.19M 1.98% | 790.17K | 0.00 | 0.00 |
GANNETT CO INCSOLE | COM | 1.80M | SH | $6.44M 1.25% | 1.80M | 0.00 | 0.00 |
VALARIS LTDSOLE | CL A | 120.51K | SH | $5.07M 0.99% | 120.51K | 0.00 | 0.00 |
DOLE PLCSOLE | ORD SHS | 271.23K | SH | $3.79M 0.74% | 271.23K | 0.00 | 0.00 |
CHEER HLDG INCSOLE | SHS CL A | 2.11M | SH | $3.08M 0.60% | 2.11M | 0.00 | 0.00 |
BAIDU INCSOLE | SPON ADR REP A | 33.94K | SH | $2.91M 0.57% | 33.94K | 0.00 | 0.00 |