Filed: 4/24/2026ACC: 0001398344-26-007059
📋 What this filing means
SHAH CAPITAL MANAGEMENT filed this quarterly 13F‑HR report disclosing 11 equity positions with a total reported market value of $521.23M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
11
Positions
$521.23M
Total AUM (reported)
28.01M
Total Shares
Allocation by class
SPONSORED ADS$226.43M43.4%
COM NEW$120.84M23.2%
COM$92.55M17.8%
SHS$29.25M5.6%
SHORT TERM TREAS$20.08M3.9%
SPON ADR$17.21M3.3%
COMMON STOCK$8.31M1.6%
Portfolio Concentration
Top 3$409.58M78.6%
4–10$108.12M20.7%
11–25$3.52M0.7%
Top 3 weight
78.6%
Top 10 weight
99.3%
Voting Authority Distribution
Total shares with voting rights: 28.01M
Sole
Full voting authority
28.01M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole11
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings11
Rows:
VEON LTD
SOLEShares4.89M
TypeSH
Market value$226.43M
43.44%
Sole
4.89M
Shared
0.00
None
0.00
NOVAVAX INC
SOLEShares14.85M
TypeSH
Market value$120.84M
23.18%
Sole
14.85M
Shared
0.00
None
0.00
CHINA YUCHAI INTL LTD
SOLEShares1.62M
TypeSH
Market value$62.31M
11.95%
Sole
1.62M
Shared
0.00
None
0.00
TRONOX HOLDINGS PLC
SOLEShares2.99M
TypeSH
Market value$29.25M
5.61%
Sole
2.99M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares342.99K
TypeSH
Market value$20.08M
3.85%
Sole
342.99K
Shared
0.00
None
0.00
NEW ORIENTAL ED & TECHNOLOGY
SOLEShares303.95K
TypeSH
Market value$17.21M
3.30%
Sole
303.95K
Shared
0.00
None
0.00
ANTERO MIDSTREAM CORP
SOLEShares586K
TypeSH
Market value$13.36M
2.56%
Sole
586K
Shared
0.00
None
0.00
CANADIAN SOLAR INC
SOLEShares964.56K
TypeSH
Market value$13.36M
2.56%
Sole
964.56K
Shared
0.00
None
0.00
WOLFSPEED INC
SOLEShares508.95K
TypeSH
Market value$8.31M
1.59%
Sole
508.95K
Shared
0.00
None
0.00
DOLE PLC
SOLEShares458.52K
TypeSH
Market value$6.55M
1.26%
Sole
458.52K
Shared
0.00
None
0.00
USA TODAY CO INC
SOLEShares500K
TypeSH
Market value$3.52M
0.68%
Sole
500K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VEON LTDSOLE | SPONSORED ADS | 4.89M | SH | $226.43M 43.44% | 4.89M | 0.00 | 0.00 |
NOVAVAX INCSOLE | COM NEW | 14.85M | SH | $120.84M 23.18% | 14.85M | 0.00 | 0.00 |
CHINA YUCHAI INTL LTDSOLE | COM | 1.62M | SH | $62.31M 11.95% | 1.62M | 0.00 | 0.00 |
TRONOX HOLDINGS PLCSOLE | SHS | 2.99M | SH | $29.25M 5.61% | 2.99M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | SHORT TERM TREAS | 342.99K | SH | $20.08M 3.85% | 342.99K | 0.00 | 0.00 |
NEW ORIENTAL ED & TECHNOLOGYSOLE | SPON ADR | 303.95K | SH | $17.21M 3.30% | 303.95K | 0.00 | 0.00 |
ANTERO MIDSTREAM CORPSOLE | COM | 586K | SH | $13.36M 2.56% | 586K | 0.00 | 0.00 |
CANADIAN SOLAR INCSOLE | COM | 964.56K | SH | $13.36M 2.56% | 964.56K | 0.00 | 0.00 |
WOLFSPEED INCSOLE | COMMON STOCK | 508.95K | SH | $8.31M 1.59% | 508.95K | 0.00 | 0.00 |
DOLE PLCSOLE | ORD SHS | 458.52K | SH | $6.55M 1.26% | 458.52K | 0.00 | 0.00 |
USA TODAY CO INCSOLE | COM | 500K | SH | $3.52M 0.68% | 500K | 0.00 | 0.00 |