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SHAH CAPITAL MANAGEMENT

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RALEIGH NC Investment Advisor Hedge Fund
13F Summary

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Shah Capital Management is based out of Raleigh. Shah Capital Management is a hedge fund with 61 clients and discretionary assets under management (AUM) of $514,574,098 (Form ADV from 2024-03-25). Their last reported 13F filing for Q4 2024 included $495,899,394 in managed 13F securities and a top 10 holdings concentration of 92.67%. Shah Capital Management's largest holding is VEON Ltd with shares held of 4,943,890. Whalewisdom has at least 87 13F filings, 83 13D filings, 11 13G filings, and 40 Form 4 filings
Business Description
The advisory business discloses material conflicts of interest to clients, including the potential for the firm and its affiliates to earn more compensation from clients paying performance-based fees. They collect and maintain accurate client information, including financial goals, objectives, and risk tolerance. The firm conducts regular reviews of client accounts to ensure recommendations are suitable for their needs and circumstances. They have implemented policies for fair and consistent allocation of investment opportunities among all client accounts and periodically compare account holdings and performance to identify any disparities indicative of favorable treatment. The advisory business prohibits employees from putting their own interests above those of clients and restricts personal trading based on information received through employment. They require employees to act in accordance with all applicable regulations and have established policies for reporting Code of Ethics violations. The firm requires prior approval for outside employment activities to address any potential conflicts of interest and monitors these activities to ensure conflicts are properly addressed. They educate employees on the responsibilities of a fiduciary, including the need for a reasonable and independent basis for investment advice and equitable treatment of all clients.
Investment Strategy
The investment strategy of the Program is a long-only price-conscious portfolio management strategy with no short selling or options trading. Accounts are more liquid with lower securities concentration and international exposure. Portfolio weighting among securities and market sectors will be determined by each client's individual needs and circumstances. The firm generally purchases securities with the idea of holding them in the clients account for the long term, defined as holding more than a year. This strategy is based on the belief that long-term investments offer better returns.
Owners
  • SHAH, HIMANSHU, HARSHAD - PRESIDENT AND CHIEF INVESTMENT OFFICER
  • RAO, CHAYA, NMN - DIRECTOR, COMPLIANCE & RISK MANAGEMENT, CHIEF COMPLIANCE OFFICER
  • Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-12-31

Top Buys (13F)

Name % Change
CSIQ Canadian Solar Inc 3.3%
CHR Cheer Holding Inc 0.08%
CYD China Yuchai Interna -2.07%
SOL Emeren Group Ltd -2.16%
NVAX Novavax, Inc -6.09%

2024-12-31

Top Sells (13F)

Name % Change
GNW Genworth Financial I 1.13%
BIDU Baidu Inc 0.59%
EDU New Oriental Educati 0.58%
FXI iShares China Large- 0.49%
WOLF WOLFSPEED, INC. 0.38%

2024-12-31

13F Holdings Summary

Name $ Change
VEON VEON Ltd 39.98%
NVAX Novavax, Inc 18.08%
CYD China Yuchai Interna 8.35%
SOL Emeren Group Ltd 7.7%
EDU New Oriental Educati 3.99%

2024-12-31

13F Activity

Market Value $496m, Prior: $0.51b
Inflows (Outflows) as % of Total MV +3.7161%
New Purchases 0 stocks
Added To 5 stocks
Sold out of 3 stocks
Reduced holdings in 9 stocks
Top 10 Holdings % 92.67%
Turnover %[1] 15.79%
Turnover Alt %[2] 2.37%
Time Held Top 20 18.0625 quarters
Time Held Top 10 21.2 quarters
Time Held All 18.06 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2024-12-31

13F Sector Allocation Over Time

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2024-12-31

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-12-31

Portfolio Performance