SHAH CAPITAL MANAGEMENT
CIK 1383838 · View on SEC EDGAR ↗
- Portfolio value
- $526.2M
- Positions
- 9
- As of
- June 30, 2026
Portfolio value QoQ: +1.0% 13F does not disclose cash
- Top 10 holdings weight
- 100.00%
- Top 25 holdings weight
- 100.00%
- Positions above 1%
- 9
- Effective number of positions
- 3.4
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 0.44% Est. buys $2,289,239 · sells $47,666,391
Median holding: 4.5 quarters Tracked Q4 2024–Q2 2026 · 45.0% still held
- New positions
- 0
- Increased
- 1
- Decreased
- 8
- Closed
- 2
On this page
- Performance vs S&P How this manager's 13F portfolio performed against the S&P 500.
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
- Related The person behind this filer, where we can match one.
Performance vs S&P 500
Annualized: +39.3% · S&P 500: +18.0%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Priceable coverage: 92.8% · Options excluded: 0.0%
Sector breakdown
Full portfolio 9 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| VEON VEON Ltd. - American Depositary Shares | $243,694,247 | 46.31% | 4,667,578 | $17,264,236 | Down ×2 | ||
| NVAX Novavax, Inc. - Common Stock | $133,439,735 | 25.36% | 14,165,577 | $12,600,645 | Down ×1 | ||
| CYD China Yuchai International Limited Common Stock | $63,579,512 | 12.08% | 1,341,057 | $1,269,533 | Down ×6 | ||
| VGSH Vanguard Short-Term Treasury ETF | $22,251,257 | 4.23% | 382,324 | $2,172,622 | Up ×1 | ||
| TROX Tronox Holdings plc Ordinary Shares (UK) | $16,196,128 | 3.08% | 2,570,814 | $-13,056,757 | Down ×2 | ||
| CSIQ Canadian Solar Inc. - Common Shares | $14,797,930 | 2.81% | 923,716 | $1,438,816 | Down ×5 | ||
| EDU New Oriental Education & Technology Group, Inc. Sponsored ADR representing 10 Ordinary Share (Cayman Islands) | $13,537,298 | 2.57% | 294,866 | $-3,675,560 | Down ×2 | ||
| AM Antero Midstream Corporation Common Stock | $12,667,883 | 2.41% | 556,830 | $-692,917 | Down ×1 | ||
| DOLE Dole plc Ordinary Shares | $6,048,133 | 1.15% | 440,826 | $-504,146 | Down ×2 | ||
| No matches | |||||||
Top movers (QoQ)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| SOL | Dec. 31, 2025 | 18,818,236 | $35,566,466 | No longer tracked |
| PARA | Sept. 30, 2025 | 790,173 | $10,193,232 | |
| WOLF | June 30, 2026 | 508,948 | $8,306,031 | -43.2% |
| GNW | June 30, 2025 | 1,090,743 | $7,733,368 | 27.1% |
| WOLF | June 30, 2025 | 2,152,225 | $6,585,809 | |
| VAL | Sept. 30, 2025 | 120,506 | $5,074,508 | 84.0% |
| BIDU | March 31, 2026 | 33,935 | $4,433,947 | -16.3% |
| TDAY | June 30, 2026 | 500,000 | $3,525,000 | -22.6% |
| BABA | March 31, 2025 | 28,279 | $2,397,776 | -7.6% |
| XRX | June 30, 2025 | 418,794 | $2,022,775 | -44.7% |
| CHR | Dec. 31, 2025 | 2,157,500 | $1,461,706 | 48.4% |