13F HOLDINGS REPORT
SHAH CAPITAL MANAGEMENT
Quarter ended Q2 2025 · Filed July 23, 2025 · Accession 0001398344-25-013573
Total Value
$514.0M
Positions
14
Other Managers
0
Confidential Omitted
No
Holdings (14)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | VEON LTD | VEON | 4,918,757 | $226.6M | 44.09% |
| 2 | CHINA YUCHAI INTL LTD | G21082105 | 3,255,185 | $77.8M | 15.14% |
| 3 | NOVAVAX INC | NVAX | 11,511,780 | $72.5M | 14.11% |
| 4 | EMEREN GROUP LTD | 75971T301 | 18,818,236 | $35.2M | 6.85% |
| 5 | VANGUARD SCOTTSDALE FDS | 92206C102 | 373,988 | $22.0M | 4.28% |
| 6 | CANADIAN SOLAR INC | CSIQ | 1,880,885 | $20.8M | 4.04% |
| 7 | NEW ORIENTAL ED & TECHNOLOGY | 647581206 | 305,317 | $16.5M | 3.20% |
| 8 | ANTERO MIDSTREAM CORP | AM | 586,000 | $11.1M | 2.16% |
| 9 | PARAMOUNT GLOBAL | 92556H206 | 790,173 | $10.2M | 1.98% |
| 10 | GANNETT CO INC | TDAY | 1,800,000 | $6.4M | 1.25% |
| 11 | VALARIS LTD | VAL-WT | 120,506 | $5.1M | 0.99% |
| 12 | DOLE PLC | DOLE | 271,232 | $3.8M | 0.74% |
| 13 | CHEER HLDG INC | CHR | 2,110,000 | $3.1M | 0.60% |
| 14 | BAIDU INC | BAIDF | 33,935 | $2.9M | 0.57% |