Shah Capital Management 13F holdings, Q4 2024
Holdings as of December 31, 2024 · filings on SEC EDGAR · latest filing →
Shah Capital Management disclosed 16 US equity positions worth $495.9m in its Q4 2024 13F filing. The largest position was VEON at 40.0% of the reported book, followed by NVAX and CHINA YUCHAI INTL LTD. Against the Q3 2024 filing, it opened 0 new positions, added to 4 and reduced 5 among the top 16 holdings.
What did Shah Capital Management own in Q4 2024? Top 16 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2024 |
|---|---|---|---|---|---|---|---|
| 1 | VEON VEON LTD | 40.0% | $198.2m | 4,943,890 | -0% | held | |
| 2 | NVAX NOVAVAX INC | Healthcare | 18.1% | $89.6m | 11,148,846 | 14% | added |
| 3 | CHINA YUCHAI INTL LTD | 8.4% | $41.4m | 4,345,471 | 3% | added | |
| 4 | VQKA EMEREN GROUP LTD | 7.7% | $38.2m | 18,818,236 | 0% | held | |
| 5 | EDU NEW ORIENTAL ED & TECHNOLOGY | Consumer Defensive | 4.0% | $19.8m | 308,558 | -0% | held |
| 6 | CSIQ CANADIAN SOLAR INC | Technology | 3.9% | $19.4m | 1,745,546 | 826% | added |
| 7 | BIDU BAIDU INC | Communication Services | 2.8% | $13.9m | 164,656 | -0% | held |
| 8 | VGSH VANGUARD SCOTTSDALE FDS | 2.8% | $13.8m | 237,752 | -2% | reduced | |
| 9 | GNW GENWORTH FINL INC | Financial Services | 2.7% | $13.2m | 1,887,170 | -33% | reduced |
| 10 | AM ANTERO MIDSTREAM CORP | Energy | 2.4% | $11.9m | 789,397 | -1% | reduced |
| 11 | 0VVB PARAMOUNT GLOBAL | 2.4% | $11.7m | 1,121,000 | 0% | held | |
| 12 | TDAY GANNETT CO INC | Communication Services | 1.8% | $9.1m | 1,800,000 | 0% | held |
| 13 | VALARIS LTD | 1.1% | $5.4m | 121,600 | -0% | held | |
| 14 | CHEER HLDG INC | 0.8% | $4.0m | 1,614,921 | 24% | added | |
| 15 | DOLE DOLE PLC | Consumer Defensive | 0.8% | $3.7m | 275,890 | -1% | reduced |
| 16 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 0.5% | $2.4m | 28,279 | -2% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.