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Shah Capital Management Portfolio holdings

AUM $521M
1-Year Est. Return 46.95%
This Fund
S&P 500
This Quarter Est. Return
+5.74%
1 Year Est. Return
+46.95%
3 Year Est. Return
+224.99%
5 Year Est. Return
+420.49%
10 Year Est. Return
+7,153.23%
AUM
$344M
AUM Growth
-$77.3M
Cap. Flow
-$60.3M
Cap. Flow %
-17.53%
Top 10 Hldgs %
93.99%
Holding
17
New
2
Increased
5
Reduced
8
Closed
1

Top Buys

Rank Stock Value
1
NVAX icon
Novavax
NVAX
+$32.5M
2
UNG icon
United States Natural Gas Fund
UNG
+$12.8M
3
SOL
Emeren Group
SOL
+$9.63M
4
VEON icon
VEON
VEON
+$1.3M
5
TUP
Tupperware Brands Corporation
TUP
+$939K

Top Sells

Rank Stock Value
1
EDU icon
New Oriental
EDU
+$38.7M
2
GNW icon
Genworth Financial
GNW
+$24.6M
3
CS
Credit Suisse Group
CS
+$20.1M
4
VAL icon
Valaris
VAL
+$18.4M
5
AR icon
Antero Resources
AR
+$15.7M

Sector Composition

Rank Sector Weight
1 Consumer Staples 22.01%
2 Communication Services 18.92%
3 Energy 14%
4 Technology 12.06%
5 Consumer Discretionary 9.44%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EDU icon
1
New Oriental
EDU
$7.84B
$71.1M 20.7%
1,842,149
-957,104
-34% -$38.7M
VEON icon
2
VEON
VEON
$3.53B
$62.1M 18.08%
3,506,799
+81,238
+2% +$1.3M
SOL
3
DELISTED
Emeren Group
SOL
$41.4M 12.06%
16,065,003
+2,050,000
+15% +$9.63M
CYD icon
4
China Yuchai International
CYD
$1.69B
$32.4M 9.44%
4,111,308
+15,515
+0.4% +$130K
NVAX icon
5
Novavax
NVAX
$1.23B
$29.5M 8.57%
4,251,076
+3,536,076
+495% +$32.5M
GNW icon
6
Genworth Financial
GNW
$3.8B
$25.7M 7.48%
5,123,917
-4,431,469
-46% -$24.6M
AM icon
7
Antero Midstream
AM
$10.8B
$22M 6.41%
2,100,646
-4,921
-0.2% -$52.4K
VAL icon
8
Valaris
VAL
$5.51B
$16.8M 4.9%
258,927
-264,264
-51% -$18.4M
VGSH icon
9
Vanguard Short-Term Treasury ETF
VGSH
$29.3B
$12.1M 3.51%
206,223
-2,763
-1% -$160K
UNG icon
10
United States Natural Gas Fund
UNG
$470M
$9.75M 2.84%
+351,250
New +$12.8M
AR icon
11
Antero Resources
AR
$10.9B
$9.24M 2.69%
400,000
-594,506
-60% -$15.7M
DOLE icon
12
Dole
DOLE
$1.35B
$4.52M 1.32%
385,069
-1,318
-0.3% -$14.7K
TDAY
13
USA Today Co
TDAY
$1.23B
$2.88M 0.84%
1,540,000
+40,000
+3% +$93.7K
FXI icon
14
iShares China Large-Cap ETF
FXI
$4.31B
$2.42M 0.7%
82,039
-961
-1% -$28.9K
LFMD icon
15
LifeMD
LFMD
$179M
$950K 0.28%
558,879
– –
TUP
16
DELISTED
Tupperware Brands Corporation
TUP
$636K 0.19%
+254,589
New +$939K
CS
17
DELISTED
Credit Suisse Group
CS
– –
-6,600,000
Closed -$20.1M

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SW
Solidarity Wealth Lehi, Utah $521M AUM 16.4% 1-Year Est. Return
LT
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JE
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SC
Stempoint Capital New York $522M AUM 281.95% 1-Year Est. Return
GS
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CFM
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FIC
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GSAM
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Shah Capital Management's Q1 2023 Portfolio in Review

As of Q1 2023, Shah Capital Management held 17 positions worth $344M, down 18% from $421M the previous quarter. Its ten largest holdings account for 94% of the portfolio.

Shah Capital Management withdrew a net $60.3M in Q1 2023, closing 1 position and reducing 8 holdings. Its most notable exit was Credit Suisse Group, an estimated $20.1M position sold in full.

By sector, the portfolio is most concentrated in Consumer Staples at 22% of assets, down from 24% a quarter earlier, followed by Communication Services and Energy.

Against the trend, Shah Capital Management opened a new position in United States Natural Gas Fund worth $9.75M.

  • Shah Capital Management's largest Q1 2023 buy was United States Natural Gas Fund: 351,250 shares worth $9.75M.
  • Shah Capital Management added most to Novavax in Q1 2023, an estimated $32.5M increase.
  • Shah Capital Management's biggest Q1 2023 reduction was New Oriental, cutting an estimated $38.7M.
  • Shah Capital Management fully exited Credit Suisse Group in Q1 2023, selling an estimated $20.1M.
  • Shah Capital Management's ten largest holdings make up 94% of its $344M portfolio in Q1 2023.
  • Shah Capital Management opened 2 new positions and closed 1 in Q1 2023.
  • Shah Capital Management's portfolio value fell 18% quarter-over-quarter to $344M.

Based on Shah Capital Management's 13F filing for Q1 2023, filed 8 May 2023.