Shah Capital Management 13F annual report
Shah Capital Management is an investment fund managing more than $354 billion ran by Himanshu Shah. There are currently 16 companies in Shah’s portfolio. The largest investments include VEON Ltd and New Oriental Ed & Technology, together worth $162 billion.
$354 billion Assets Under Management (AUM)
As of 5th August 2024, Shah Capital Management’s top holding is 4,949,070 shares of VEON Ltd currently worth over $119 billion and making up 33.5% of the portfolio value.
Relative to the number of outstanding shares of VEON Ltd, Shah Capital Management owns less than approximately 0.1% of the company.
In addition, the fund holds 498,630 shares of New Oriental Ed & Technology worth $43.3 billion.
The third-largest holding is Novavax worth $38.8 billion and the next is Emeren Ltd worth $36 billion, with 18,635,291 shares owned.
Currently, Shah Capital Management's portfolio is worth at least $354 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Shah Capital Management
The Shah Capital Management office and employees reside in Raleigh, North Carolina. According to the last 13-F report filed with the SEC, Himanshu Shah serves as the President & Chief Investment Officer at Shah Capital Management.
Recent trades
In the most recent 13F filing, Shah Capital Management revealed that it had opened a new position in
Alibaba Group Hldg Ltd and bought 29,739 shares worth $2.15 billion.
The investment fund also strengthened its position in Novavax by buying
337,071 additional shares.
This makes their stake in Novavax total 8,117,827 shares worth $38.8 billion.
Novavax dropped approximately 0.1% in the past year.
On the other hand, there are companies that Shah Capital Management is getting rid of from its portfolio.
Shah Capital Management closed its position in Antero Resources Corp on 12th August 2024.
It sold the previously owned 400,000 shares for $9.07 billion.
Himanshu Shah also disclosed a decreased stake in VEON Ltd by approximately 0.1%.
This leaves the value of the investment at $119 billion and 4,949,070 shares.
One of the average hedge funds
The two most similar investment funds to Shah Capital Management are Force Hill Capital Management L.P. and Prestige Wealth Management. They manage $462 billion and $462 billion respectively.
Himanshu Shah investment strategy
Shah Capital Management’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Communication Services — making up 35.0% of
the total portfolio value.
The fund focuses on investments in the Netherlands as
6.3% of the portfolio companies
are based in the Netherlands.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
approximately 0.1% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $1.93 billion.
The complete list of Shah Capital Management trades based on 13F SEC filings
These positions were updated on August 12th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| VEON Ltd |
0.05%
4,949,070
|
$118,827,171,000 | 33.54% |
| New Oriental Ed & Technology |
39.76%
498,630
|
$43,291,057,000 | 12.22% |
| Novavax, Inc. |
4.33%
8,117,827
|
$38,803,213,000 | 10.95% |
| Emeren Group Ltd |
0.02%
18,635,291
|
$35,966,112,000 | 10.15% |
| China Yuchai Intl Ltd |
2.05%
4,192,772
|
$35,764,345,000 | 10.10% |
| Valaris Ltd |
0.15%
258,529
|
$19,456,893,000 | 5.49% |
| Genworth Finl Inc |
36.49%
3,000,000
|
$19,290,000,000 | 5.45% |
| Vanguard Scottsdale Fds |
2.60%
247,496
|
$14,372,093,000 | 4.06% |
| Antero Midstream Corp |
55.55%
800,000
|
$11,248,000,000 | 3.18% |
| Antero Resources Corp |
Closed
400,000
|
$9,072,000,000 | |
| Gannett Co Inc. |
No change
2,100,000
|
$5,124,000,000 | 1.45% |
| Dole plc |
0.28%
306,211
|
$3,653,097,000 | 1.03% |
| Cheer Hldg Inc |
0.71%
1,265,558
|
$3,163,895,000 | 0.89% |
| Alibaba Group Hldg Ltd |
Opened
29,739
|
$2,151,914,000 | 0.61% |
| Ishares Tr |
0.75%
81,424
|
$1,959,876,000 | 0.55% |
| Paramount Global |
Opened
100,100
|
$1,178,177,000 | 0.33% |
| Yandex N V |
No change
17,000
|
$0 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 17 holdings | |||
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