13F-HR 1 f130910.txt FILING 13F UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: September 30, 2010 Check here if Amendment [ ]; Amendment Number: ______ This Amendment (Check only one.): [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Himanshu H. Shah Address: 8601 Six Forks Road, Suite 630 Raleigh, NC 27615 Form 13F File Number: 028-12080 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Himanshu H. Shah Title: President & Chief Investment Officer Phone: 919-719-6363 Signature, Place, and Date of Signing: Himanshu H. Shah Raleigh, NC November 5, 2010 Report Type (Check only one.): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) [ ] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) [ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 15 Form 13F Information Table Value Total: 239055 List of Other Included Managers: NONE FORM 13F INFORMATION TABLE COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4COLUMN 5 COLUMN 6 COLUMN 7COLUMN 8 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000)PRN AMT PRN CALL DISCRETIONMANAGERS SOLE SHARED NONE AEGON NV COM 7924103 8350 1394100 SH SOLE 1394100 CHINA YUCHAI INTL LTD COM G21082105 40198 2101320 SH SOLE 2101320 CHINA SOUTHERN AIRLINEADR 169409109 6384 220000 SH SOLE 220000 CHIQUITA BRANDS INTL ICOM 170032809 12851 970635 SH SOLE 970635 DOLE FOOD CO INC COM 256603101 4335 473824 SH SOLE 473824 GANNET CO INC COM 364730101 11279 922300 SH SOLE 922300 HUANENG POWER INTL ADR 443304100 98653 398439 SH SOLE 398439 ING GROEP NV ADR 456837103 2271 220750 SH SOLE 220750 LG DISPLAY CO LTD COM 50186V102 2143 122900 SH SOLE 122900 QIAO XING MOBILE COMM COM G73031109 13355 3963154 SH SOLE 3963154 QIAO XING UNIV RESOURCCOM G7303A109 3794 2546645 SH SOLE 2546645 SIFY LIMITED SPONSORED ADR 82655M107 2761 933053 SH SOLE 933053 SUNTECH POWER HOLDINGSADR 86800C922 3571 370500 SH SOLE 370500 UTSTARCOM INC COM 918076100 28881 13309543 SH SOLE 13309543 YUCHENG TECHNOLOGIES LCOM G98777108 229 73420 SH SOLE 73420 239055