Filed: 10/9/2026ACC: 0001398344-26-018061
📋 What this filing means
SHAH CAPITAL MANAGEMENT filed this quarterly 13F‑HR report disclosing 11 equity positions with a total reported market value of $605.34M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
11
Positions
$605.34M
Total AUM (reported)
25.04M
Total Shares
Allocation by class
SPONSORED ADS$343.71M56.8%
COM NEW$131.95M21.8%
COM$64.23M10.6%
SHORT TERM TREAS$32.32M5.3%
SPON ADR$16.18M2.7%
SHS$11.52M1.9%
ORD SHS$5.43M0.9%
Portfolio Concentration
Top 3$516.27M85.3%
4–10$88.72M14.7%
11–25$350.0K0.1%
Top 3 weight
85.3%
Top 10 weight
99.9%
Voting Authority Distribution
Total shares with voting rights: 25.04M
Sole
Full voting authority
25.04M
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
SOLEShares4.65M
TypeSH
Market value$343.71M
56.78%
Sole
4.65M
Shared
0.00
None
0.00
NOVAVAX INC
SOLEShares12.17M
TypeSH
Market value$131.60M
21.74%
Sole
12.17M
Shared
0.00
None
0.00
CHINA YUCHAI INTL LTD
SOLEShares1.32M
TypeSH
Market value$40.96M
6.77%
Sole
1.32M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares561.53K
TypeSH
Market value$32.32M
5.34%
Sole
561.53K
Shared
0.00
None
0.00
NEW ORIENTAL ED & TECHNOLOGY
SOLEShares291.50K
TypeSH
Market value$16.18M
2.67%
Sole
291.50K
Shared
0.00
None
0.00
TRONOX HOLDINGS PLC
SOLEShares2.92M
TypeSH
Market value$11.52M
1.90%
Sole
2.92M
Shared
0.00
None
0.00
ANTERO MIDSTREAM CORP
SOLEShares521.71K
TypeSH
Market value$10.52M
1.74%
Sole
521.71K
Shared
0.00
None
0.00
CANADIAN SOLAR INC
SOLEShares909.57K
TypeSH
Market value$10.48M
1.73%
Sole
909.57K
Shared
0.00
None
0.00
DOLE PLC
SOLEShares427.28K
TypeSH
Market value$5.43M
0.90%
Sole
427.28K
Shared
0.00
None
0.00
ELICIO THERAPEUTICS INC
SOLEShares1.25M
TypeSH
Market value$2.27M
0.38%
Sole
1.25M
Shared
0.00
None
0.00
REAL REMAX GROUP INC
SOLEShares21.40K
TypeSH
Market value$350.0K
0.06%
Sole
21.40K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VEON LTDSOLE | SPONSORED ADS | 4.65M | SH | $343.71M 56.78% | 4.65M | 0.00 | 0.00 |
NOVAVAX INCSOLE | COM NEW | 12.17M | SH | $131.60M 21.74% | 12.17M | 0.00 | 0.00 |
CHINA YUCHAI INTL LTDSOLE | COM | 1.32M | SH | $40.96M 6.77% | 1.32M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | SHORT TERM TREAS | 561.53K | SH | $32.32M 5.34% | 561.53K | 0.00 | 0.00 |
NEW ORIENTAL ED & TECHNOLOGYSOLE | SPON ADR | 291.50K | SH | $16.18M 2.67% | 291.50K | 0.00 | 0.00 |
TRONOX HOLDINGS PLCSOLE | SHS | 2.92M | SH | $11.52M 1.90% | 2.92M | 0.00 | 0.00 |
ANTERO MIDSTREAM CORPSOLE | COM | 521.71K | SH | $10.52M 1.74% | 521.71K | 0.00 | 0.00 |
CANADIAN SOLAR INCSOLE | COM | 909.57K | SH | $10.48M 1.73% | 909.57K | 0.00 | 0.00 |
DOLE PLCSOLE | ORD SHS | 427.28K | SH | $5.43M 0.90% | 427.28K | 0.00 | 0.00 |
ELICIO THERAPEUTICS INCSOLE | COM | 1.25M | SH | $2.27M 0.38% | 1.25M | 0.00 | 0.00 |
REAL REMAX GROUP INCSOLE | COM NEW | 21.40K | SH | $350.0K 0.06% | 21.40K | 0.00 | 0.00 |