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SHAH CAPITAL MANAGEMENT Historic Quarter Change: Foreign ADRs, New

SHAH CAPITAL MANAGEMENT historic quarter change: Foreign ADRs, New

In depositary receipts for foreign shares (depositary receipts and foreign shares traded over the counter), over 23 quarters from 2013-06-30 to 2026-06-30, SHAH CAPITAL MANAGEMENT opened 11 positions, added to 30, reduced 29 and sold out of 7.

  • Q3 2016: Stock CHINA UNICOM; Country of operation —; Class ADR; Shares before 0.
  • Q2 2016: Stock CREDIT SUISSE GROUP; Country of operation —; Class ADR; Shares before 0.
  • Q2 2016: Stock JA SOLAR HOLDINGS CO LTD; Country of operation —; Class ADR; Shares before 0.
  • Q1 2016: Stock GOL LINHAS AEREAS INTEL; Country of operation —; Class ADR; Shares before 0.

Each consecutive pair of Form 13F-HR filings compared (SEC CIK 1383838), 23 quarters: Q2 2026 (2026-03-31 to 2026-06-30, filed 2026-08-14); Q1 2026 (2025-12-31 to 2026-03-31, filed 2026-04-24); Q4 2025 (2025-09-30 to 2025-12-31, filed 2026-01-15); Q3 2025 (2025-06-30 to 2025-09-30, filed 2025-11-12); Q2 2025 (2025-03-31 to 2025-06-30, filed 2025-07-23); Q1 2025 (2024-12-31 to 2025-03-31, filed 2025-05-14); Q4 2024 (2024-09-30 to 2024-12-31, filed 2025-01-22); Q3 2024 (2024-06-30 to 2024-09-30, filed 2024-10-15); Q2 2024 (2024-03-31 to 2024-06-30, filed 2024-08-12); Q1 2024 (2023-12-31 to 2024-03-31, filed 2024-05-15); Q3 2016 (2016-06-30 to 2016-09-30, filed 2016-10-25); Q2 2016 (2016-03-31 to 2016-06-30, filed 2016-07-15); Q1 2016 (2015-12-31 to 2016-03-31, filed 2016-04-28); Q4 2015 (2015-09-30 to 2015-12-31, filed 2016-01-25); Q3 2015 (2015-06-30 to 2015-09-30, filed 2015-10-08); Q2 2015 (2015-03-31 to 2015-06-30, filed 2015-08-05); Q1 2015 (2014-12-31 to 2015-03-31, filed 2015-04-01); Q4 2014 (2014-09-30 to 2014-12-31, filed 2015-01-06); Q3 2014 (2014-06-30 to 2014-09-30, filed 2014-10-07); Q2 2014 (2014-03-31 to 2014-06-30, filed 2014-07-07); Q1 2014 (2013-12-31 to 2014-03-31, filed 2014-04-14); Q4 2013 (2013-09-30 to 2013-12-31, filed 2014-02-06); Q3 2013 (2013-06-30 to 2013-09-30, filed 2013-10-30). Rows for the same security, class and put/call are added together. Value change is the filed value at each quarter end, so it includes the price move. Only the filings held here are compared; the firm's 13F-HR filings go back to the quarter ended 2006-12-31. Not compared, as a quarter between them is not held here yet: 2016-09-30 to 2023-12-31 (missing 2016-12-31, 2017-03-31, 2017-06-30, 2017-09-30, 2017-12-31, 2018-03-31, 2018-06-30, 2018-09-30, 2018-12-31, 2019-03-31, 2019-06-30, 2019-09-30, 2019-12-31, 2020-03-31, 2020-06-30, 2020-09-30, 2020-12-31, 2021-03-31, 2021-06-30, 2021-09-30, 2021-12-31, 2022-03-31, 2022-06-30, 2022-09-30, 2022-12-31, 2023-03-31, 2023-06-30, 2023-09-30).

QuarterStockCountry of operationClassShares beforeShares afterShare changeValue beforeValue afterValue changeFiled
Q3 2016CHINA UNICOM
CUSIP 16945R104
ADR090,800+90,800$0$1,105,000+$1,105,0002016-10-25
Q2 2016CREDIT SUISSE GROUP
CUSIP 225401108
ADR0380,000+380,000$0$4,066,000+$4,066,0002016-07-15
Q2 2016JA SOLAR HOLDINGS CO LTD
CUSIP 466090206
ADR0440,000+440,000$0$3,014,000+$3,014,0002016-07-15
Q1 2016GOL LINHAS AEREAS INTEL
CUSIP 38045R107
ADR0250,000+250,000$0$1,882,000+$1,882,0002016-04-28
Q4 2015BANCO BRADESCO
CUSIP 59460303
ADR01,032,582+1,032,582$0$4,966,000+$4,966,0002016-01-25
Q4 2014VIMPELCOM LTD SPON
CUSIP 92719A106
ADR01,312,015+1,312,015$0$5,477,000+$5,477,0002015-01-06
Q4 2014MOBILE TELESYSTEMS OJC
CUSIP 607409109
ADR0286,200+286,200$0$2,054,000+$2,054,0002015-01-06
Q4 2014JA SOLAR HOLDINGS
CUSIP 466090206
ADR046,335+46,335$0$379,000+$379,0002015-01-06
Q1 2014ARCELORMITTAL NY
CUSIP 03938L104
ADR088,706+88,706$0$1,432,000+$1,432,0002014-04-14
Q3 2013ANGLOGOLD ASHANTI LTD
CUSIP 35128206
ADR060,100+60,100$0$798,000+$798,0002013-10-30
Q3 2013RENESOLA LTD
CUSIP 75971T103
ADR0150,000+150,000$0$748,000+$748,0002013-10-30

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