Shah Capital Management Q2 2023 vs. Q3 2023 13F Holdings Comparison

Shah Capital Management, a renowned investment firm, recently released its 13F Holdings Comparison report for the second and third quarters of 2023. This evaluation provides valuable insights into the shifting investments made by the firm in various companies.

One notable change observed in the report is the decrease in shares of New Oriental Education Holdings (EDU). In Q2 2023, Shah Capital Management held 1,833,832 shares, which decreased to 1,616,282 shares in Q3 2023. Similarly, the value of these shares also suffered a decline, decreasing from $72,000 to $94,000. Despite this decrease, the company's holding in New Oriental Education Holdings remains significant.

Another interesting alteration in Shah Capital Management's portfolio involves Veon Ltd. In Q3 2023, the firm's holdings in Veon Ltd increased from 3,529,230 shares to 3,879,138 shares. This change positively impacted the overall value of the shares, which increased from $72,000 to $75,000. Shah Capital Management's continued investment in Veon Ltd indicates confidence in the company's future prospects.

On the downside, the firm experienced a dip in its holdings of Emeren Group Ltd. Shah Capital Management decreased its shares from 16,471,803 in Q2 2023 to 17,432,928 in Q3 2023. This reduction resulted in the value of the shares decreasing from $62,000 to $53,000. It is essential to note that despite the decrease, Shah Capital Management maintains a significant stake in Emeren Group Ltd.

Reflecting the dynamic nature of investments, Shah Capital Management saw a positive shift in its holdings of Novavax Inc (NVAX). The firm increased its shares from 5,480,756 in Q2 2023 to 6,330,756 in Q3 2023. Consequently, the value of the shares rose from $40,000 to $45,000. This upward trend demonstrates the firm's confidence in Novavax Inc's growth potential.

China Yuchai International Ltd (CYD) witnessed stability in Shah Capital Management's holdings, maintaining 4,091,436 shares in both quarters. However, the value of the shares experienced a slight decline from $42,000 to $41,000. Despite this marginal decrease, Shah Capital Management continues to hold a significant position in China Yuchai International Ltd.

Genworth Financial Inc (GNW) experienced no change in Shah Capital Management's holdings, with 4,723,917 shares held in both Q2 and Q3 2023. Additionally, the value of the shares increased from $23,000 to $27,000. This stability in holdings projects the firm's confidence in the long-term prospects of Genworth Financial Inc.

Antero Midstream Corp (AM) also maintained stability in holdings, with Shah Capital Management retaining 2,100,646 shares in both quarters. The value of these shares saw a slight increase from $24,000 to $25,000. This consistent investment indicates Shah Capital Management's trust in the company's performance.

Other changes in Shah Capital Management's holdings include a slight increase in Valaris PLC (VAL) shares and Vanguard Short Term Treasury Index ETF (VGSH) shares. Conversely, Antero Resources Corp (AR) saw no change in Shah Capital Management's holdings but experienced a slight increase in the value of its shares.

Gannett Co Inc (GCI) saw no change in Shah Capital Management's holdings, with 2,100,000 shares held in both quarters. The value of the shares increased from $4,000 to $5,000 during this period.

Shah Capital Management witnessed a decrease in holdings of Glory Star New Media Group (GSMG), reducing its shares from 9,886,485 in Q2 2023 to 11,216,113 in Q3 2023. However, the value of these shares remained stable at $4,000. Despite the reduction, Shah Capital Management maintains a significant investment in this company.

In a significant shift, Shah Capital Management significantly reduced its holdings of Dole PLC (DOLE). The firm decreased its shares from 385,069 in Q2 2023 to 307,065 in Q3 2023, resulting in a decrease in the value of the shares from $5,000 to $3,000. This decrease signifies a change in Shah Capital Management's strategy regarding Dole PLC.

Ishares Trust China Large-Cap ETF (FXI) experienced stability in Shah Capital Management's holdings, with 82,039 shares held in both quarters. Although the value of the shares decreased slightly from $2,000 to $2,000, the overall holdings remained the same.

Lastly, Lifemd Inc (LFMD) experienced a complete divestment by Shah Capital Management. The firm sold its entire holding of 100,000 shares, resulting in a value of $0. This divestment indicates a reallocation of resources by Shah Capital Management.

In conclusion, Shah Capital Management's 13F Holdings Comparison for Q2 2023 and Q3 2023 reflects the dynamic nature of the investment landscape. While there were some decreases in holdings, the firm made strategic adjustments and demonstrated confidence in various companies. These changes represent the firm's commitment to adapting its portfolio to optimize returns for its clients.