Shah Capital Management’s Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares MBT Stock Holding History

Shah Capital Management’s Portfolio MBT Stock Details MBT Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q1	–	Sell	-129,442	Closed	-$1.18M	–	19
2016 Q4	$1.18M	Sell	129,442 -155,558	-55%	-$1.25M	0.63%	17
2016 Q3	$2.17M	Buy	285,000 +127,072	+80%	+$1.08M	1.21%	16
2016 Q2	$1.31M	Sell	157,928 -14,761	-9%	-$130K	0.92%	17
2016 Q1	$1.4M	Buy	172,689 +4,231	+3%	+$29.4K	1.17%	13
2015 Q4	$1.04M	Buy	168,458 +43,058	+34%	+$302K	0.97%	12
2015 Q3	$905K	Sell	125,400 -600	-0.5%	-$4.68K	0.93%	9
2015 Q2	$1.23M	Sell	126,000 -51,364	-29%	-$562K	1.14%	11
2015 Q1	$1.65M	Sell	177,364 -108,836	-38%	-$985K	1.44%	10
2014 Q4	$2.05M	Buy	+286,200	New	+$3.44M	1.77%	10

Other funds holding MBT

Lazard Asset Management New York $60.8B AUM 22.47% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Schroder Investment Management Group London, United Kingdom $122B AUM 29.27% 1-Year Est. Return

Renaissance Technologies New York $63.9B AUM 45.56% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Grantham, Mayo, Van Otterloo & Co (GMO) Boston, Massachusetts $39.1B AUM 28.69% 1-Year Est. Return

Capital World Investors Los Angeles, California $733B AUM 35.63% 1-Year Est. Return

VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return

AQR Capital Management Greenwich, Connecticut $218B AUM 29.41% 1-Year Est. Return

Shah Capital Management's MBT Position: Q1 2017 in Review

Shah Capital Management sold out of Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares (MBT) in Q1 2017, closing a stake of 129,442 shares — an estimated $1.18M sold.

Shah Capital Management first reported a position in MBT in Q4 2014 and held it in 9 quarters. The position peaked at $2.17M in Q3 2016. 227 funds tracked by Wall St. Rank hold MBT as of Q1 2017.

Shah Capital Management reported no remaining Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares position as of Q1 2017 after selling out during the quarter.
Shah Capital Management sold 129,442 Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares shares in Q1 2017, an estimated $1.18M.
Shah Capital Management first reported a position in Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares in Q4 2014 and held it in 9 quarters.
Shah Capital Management's Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares position peaked at $2.17M in Q3 2016.
227 funds tracked by Wall St. Rank held Mobile TeleSystems Public Joint Stock Company American Depositary Shares (Each representing 2 Shares as of Q1 2017.

Based on Shah Capital Management's 13F filing for Q1 2017, filed 20 Apr 2017.