China Yuchai International Limited (CYD), UTStarcom Holdings Corp (UTSI), Trina Solar Limited (ADR) (TSL): Top Stock Holdings of Shah Capital Management

China Yuchai International Limited (NYSE:CYD)

Shah Capital Management has a current market value of $107 million with and China Yuchai International Limited (NYSE:CYD), UTStarcom Holdings Corp (NASDAQ:UTSI), Trina Solar Limited (ADR) (NYSE:TSL) as it top stock holdings, as per its recent SEC 13F filing on October 7, 2014. The top 10 holdings of the hedge fund form 97.85% of its overall portfolio.

China Yuchai International Limited (NYSE:CYD) is the largest stock holding of Shah Capital Management with 2,419,684 shares at a market value of $44 million. China Yuchai International Limited (NYSE:CYD) released its unaudited second quarter 2014 results with its revenues touching $684.6 million and earnings per share of $0.72. Shah Capital management is among the largest investors of China Yuchai International Limited (NYSE:CYD) with Forward Management ($11 million) and First Eagle Investment Management ($3 million) following the trend.

China Yuchai International Limited (NYSE:CYD)

Shah Capital Management has its second largest investment in UTStarcom Holdings Corp (NASDAQ:UTSI) with investment worth $32 million and 10,711,077 shares. According to its second quarter 2014 unaudited financial results, UTStarcom Holdings Corp (NASDAQ:UTSI) generated net revenues of $31.9 million and gross margin of 20.1% during the quarter. Shah Capital Management, Prescott Group Capital Management, and Royce & Associates are among the primary investors of UTStarcom Holdings Corp (NASDAQ:UTSI).

Trina Solar Limited (ADR) (NYSE:TSL) comes at number three in terms of its investment contribution in Shah Capital Management’s portfolio with 487,800 shares worth $5.8 million. The solar cells and solutions manufacturer reported net revenues of $519.4 million in its second quarter 2014 with net income of $10.3 million. Some of its primary investors include Platinum Asset Management ($123 million), Oaktree Capital Management ($32 million), and Citadel Investment Group ($11 million).

This article has been written by Prakash Pandey and edited by Serkan Unal.

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