Shah Capital Management Q2 2023 vs. Q2 2023 13F Holdings Comparison

Shah Capital Management is a prominent investment management firm that holds a diverse portfolio of assets across various industries. In this article, we will be analyzing the changes in holdings for the second quarter of 2023 in comparison to the previous quarter.

During the second quarter of 2023, Shah Capital Management witnessed some interesting developments in their 13F holdings. Let's delve deeper into these changes and explore the implications for the firm.

One of the significant holdings for Shah Capital Management in Q2 2023 was New Oriental Education, a well-known educational institution. The firm held 1,833,832 shares of New Oriental Education, which remained unchanged from the previous quarter. However, the value of the shares stayed consistent at $72,000.

Similarly, Shah Capital Management retained its position in VEON Ltd, a global provider of connectivity and digital services. The firm held a consistent 3,529,230 shares of VEON Ltd, with no changes to the value during the second quarter.

Another substantial holding for Shah Capital Management was Emeren Group Ltd, a leading electrical power company. The firm retained its position with 16,471,803 shares of Emeren Group Ltd, indicating stability in the investment strategy.

China Yuchai International Ltd (CYD), a renowned manufacturer of engines and related components, also remained a vital part of Shah Capital Management's portfolio. The firm maintained its position with 4,091,436 shares of CYD, with no significant changes observed.

Novavax Inc (NVAX), a biotechnology company specializing in the development of vaccines, remained steady in Shah Capital Management's holdings. The firm held 5,480,756 shares of NVAX, reflecting the investment manager's confidence in the company's growth potential.

Unchanged holdings were a trend for Shah Capital Management during the second quarter of 2023. Antero Midstream Corp (AM), an oil and gas infrastructure company, firmly held its ground with 2,100,646 shares and no changes to the value.

Genworth Financial Inc (GNW), a leading provider of mortgage insurance and long-term care insurance, continued to be a stable holding for Shah Capital Management. The firm owned 4,723,917 shares of GNW, exhibiting confidence in the company's long-term prospects.

Shah Capital Management also maintained its position in Valaris PLC (VAL), an offshore drilling contractor. The firm held 258,927 shares of VAL, reflecting their faith in the growth potential of the company.

Further in their holdings, Vanguard Short Term Treasuries (VGSH) remained unchanged in Shah Capital Management's portfolio. The firm held 206,223 shares of VGSH, indicative of their focus on stability and risk management.

Moving on to smaller holdings, Antero Resources Corp (AR), an independent exploration and production company, saw no significant changes. Shah Capital Management maintained its position with 400,000 shares of AR.

A new addition to Shah Capital Management's portfolio in Q2 2023 was Dole PLC (DOLE), a multinational agricultural corporation. The firm made an entry with 385,069 shares of DOLE.

One of the most notable changes in Shah Capital Management's holdings was the addition of Glory Star New Media Group (GSMG). The firm acquired 9,886,485 shares of GSMG, marking a shift in its investment strategy.

Gannet Co Inc (GCI), a leading media and news publishing company, also saw no significant changes in Shah Capital Management's holdings. The firm held 2,100,000 shares of GCI during the second quarter.

IShares Trust China Large-Cap ETF (FXI), an exchange-traded fund tracking large-cap Chinese stocks, remained relatively stagnant in Shah Capital Management's portfolio. The firm maintained its position with 82,039 shares of FXI.

Lastly, Lifemd Inc (LFMD), a digital health and wellness company, held a steady position with 100,000 shares in Shah Capital Management's holdings.

In conclusion, Shah Capital Management's 13F holdings for the second quarter of 2023 showcased a mixture of stability and strategic changes. While the firm retained many significant positions, it also made notable additions to its portfolio. The acquisition of Glory Star New Media Group (GSMG) stands out as a potentially lucrative move. These changes indicate Shah Capital Management's continuous pursuit of diversified and value-driven investments.

Please note that the data provided in this article is for informational purposes only. It is not a recommendation or endorsement of any specific investment. Investors should conduct their own research and consult with a professional financial advisor before making any investment decisions.