SHAH CAPITAL MANAGEMENT Information

8601 SIX FORKS ROAD, RALEIGH, North Carolina, 27615, (919) 719-6360

Report Date: 09/30/2014

Position Statistics

Total Positions 16
New Positions 1
Increased Positions 6
Decreased Positions 10
Positions with Activity 16
Sold Out Positions 3
Total Mkt Value (in $ millions) 94

Institutional Holdings information is filed by major institutions on form 13-F with the Securities and Exchange Commission.

Sector Weighting

Basic Materials 9.52%
Capital Goods 47.04%
Conglomerates
Consumer Cyclical 3.83%
Consumer/Non-Cyclical 0%
Energy 0.91%
Financial
Healthcare
Services 30.67%
Technology 8.02%
Transportation
Utilities

16 Positions as of 09/30/2014

Company Class Value of Shares ($1,000s) ▼ Change in Value ($1,000s) Change (%) Shares Held
CHINA YUCHAI INTL LTD COM 44,377 1,309 3.04 2,419,684
UTSTARCOM HOLDINGS CORP SHS NEW 28,170 1,225 4.55 10,711,077
COEUR MNG INC COM NEW 4,843 -20 (0.42) 986,442
TRINA SOLAR LIMITED SPON ADR 3,961 -19 (0.49) 487,800
CHINA XINIYA FASHION LTD SPONSRD ADR NEW 3,611 571 18.77 1,347,331
MOLYCORP INC DEL COM 2,647 2,647 New 3,124,993
RENESOLA LTD SPONS ADS 2,489 43 1.74 1,575,110
ARCELORMITTAL SA LUXEMBOURG NY REGISTRY SH 979 -17 (1.71) 85,811
PETROLEO BRASILEIRO SA PETROBR SPONSORED ADR 862 -14 (1.59) 121,245
CORINTHIAN COLLEGES INC COM 766 179 30.39 10,792,553
YINGLI GREEN ENERGY HLDG CO LT ADR 713 -11 (1.54) 301,952
ANGLOGOLD ASHANTI LTD SPONSORED ADR 514 -8 (1.51) 58,900
CANADIAN SOLAR INC COM 402 -4,479 (91.76) 18,355
ALPHA NATURAL RESOURCES INC COM -490 Sold Out 0
CHIQUITA BRANDS INTL INC COM -17,793 Sold Out 0
MOLYCORP INC DEL PFD CONV SER A -7,326 Sold Out 0