Shah Capital Management Portfolio Holdings by Sector

Shah Capital Management

Industry	Value	Buys	Sells	New Positions	Closed Positions	Options
Biotechnology \| Healthcare NVAX 1 stocks	$89,636 35.54% of portfolio	1	-	-	-	0 Calls 0 Puts
Solar \| Technology SOL CSIQ 2 stocks	$57,611 22.84% of portfolio	2	-	-	-	0 Calls 0 Puts
Education & Training Services \| Consumer Defensive EDU 1 stocks	$19,803 7.85% of portfolio	-	1	-	-	0 Calls 0 Puts
Internet Content & Information \| Communication Services BIDU 1 stocks	$13,882 5.5% of portfolio	-	1	-	-	0 Calls 0 Puts
ETFs \| ETFs VGSH 1 stocks	$13,832 5.48% of portfolio	-	1	-	-	0 Calls 0 Puts
Insurance—Life \| Financial Services GNW 1 stocks	$13,191 5.23% of portfolio	-	1	-	-	0 Calls 0 Puts
Oil & Gas Midstream \| Energy AM 1 stocks	$11,912 4.72% of portfolio	-	1	-	-	0 Calls 0 Puts
Entertainment \| Communication Services PARA 1 stocks	$11,703 4.64% of portfolio	-	-	-	-	0 Calls 0 Puts
Publishing \| Communication Services GCI 1 stocks	$9,108 3.61% of portfolio	-	-	-	-	0 Calls 0 Puts
Oil & Gas Equipment & Services \| Energy VAL 1 stocks	$5,379 2.13% of portfolio	-	1	-	-	0 Calls 0 Puts
Farm Products \| Consumer Defensive DOLE 1 stocks	$3,735 1.48% of portfolio	-	1	-	-	0 Calls 0 Puts
Internet Retail \| Consumer Cyclical BABA 1 stocks	$2,397 0.95% of portfolio	-	1	-	-	0 Calls 0 Puts

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