SHAH CAPITAL MANAGEMENT
13F Reported Value
ⓘ$521.2M
Holdings
11
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
SHAH CAPITAL MANAGEMENT disclosed 11 positions worth $521.2M in its Form 13F-HR for Q1 2026, led by $VEON (VEON Ltd.) at 43.4% of the equity portfolio, followed by $NVAX and $CYD. During the quarter the fund opened 0 new positions and exited 1 and a full exit from $BIDU. The portfolio is most concentrated in Communication Services (44.1% of disclosed assets). All figures are sourced directly from SHAH CAPITAL MANAGEMENT’s Form 13F-HR filing with the SEC under CIK 1383838.
AI Fund Analysis
StableSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- —
Quality
$226.4M4,890,497 sh - 65.5#572
Quality
$120.8M14,845,097 sh - —
Quality
$62.3M1,618,441 sh - —
Quality
$29.3M2,994,154 sh VANGUARD SCOTTSDALE FDS
—Quality
$20.1M342,990 sh- $17.2M303,953 sh
- 71.6
Quality
$13.4M586,000 sh - —
Quality
$13.4M964,557 sh - 28.4
Quality
$8.3M508,948 sh - —
Quality
$6.6M458,522 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 VEON Ltd.$VEON | — | $226.4M | 4,890,497 |
 NOVAVAX INC$NVAX | 65.5#572 | $120.8M | 14,845,097 |
 CHINA YUCHAI INTERNATIONAL LTD$CYD | — | $62.3M | 1,618,441 |
 Tronox Holdings plc$TROX | — | $29.3M | 2,994,154 |
| VANGUARD SCOTTSDALE FDS | — | $20.1M | 342,990 |
 New Oriental Education & Technology Group Inc.$EDU | — | $17.2M | 303,953 |
 Antero Midstream Corp$AM | 71.6 | $13.4M | 586,000 |
 Canadian Solar Inc.$CSIQ | — | $13.4M | 964,557 |
 WOLFSPEED, INC.$WOLF | 28.4 | $8.3M | 508,948 |
 Dole plc$DOLE | — | $6.6M | 458,522 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of SHAH CAPITAL MANAGEMENT's 11 positions.
Showing top 10 of 11 holdings.
Sector Allocation
Communication Services
$230.0M
Healthcare
$120.8M
Industrials
$62.3M
Materials
$29.3M
Technology
$21.7M
Other
$20.1M
Consumer Discretionary
$17.2M
Energy
$13.4M
Full Holdings — SHAH CAPITAL MANAGEMENT (Q1 2026)
All 11 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $VEON | VEON Ltd. | $226.4M | 43.4% | -0% | — |
| 2 | $NVAX | NOVAVAX INC | $120.8M | 23.2% | +2% | 65.5 |
| 3 | $CYD | CHINA YUCHAI INTERNATIONAL LTD | $62.3M | 11.9% | -2% | — |
| 4 | $TROX | Tronox Holdings plc | $29.3M | 5.6% | -0% | — |
| 5 | — | VANGUARD SCOTTSDALE FDS | $20.1M | 3.9% | -4% | — |
| 6 | $EDU | New Oriental Education & Technology Group Inc. | $17.2M | 3.3% | -0% | — |
| 7 | $AM | Antero Midstream Corp | $13.4M | 2.6% | +0% | 71.6 |
| 8 | $CSIQ | Canadian Solar Inc. | $13.4M | 2.6% | -1% | — |
| 9 | $WOLF | WOLFSPEED, INC. | $8.3M | 1.6% | +1420% | 28.4 |
| 10 | $DOLE | Dole plc | $6.6M | 1.3% | -1% | — |
| 11 |  $TDAY | USA TODAY Co., Inc. | $3.5M | 0.7% | -72% | 48.4 |
Exited Positions (1)
$BIDU Baidu, Inc.Browse Top Institutional Investors
13F Pro tracks 8,700+ institutional investors filing 13F reports with the SEC.
to search all 8,700+ institutional filers.
Available Analysis
13F Pro tracks comprehensive institutional data for SHAH CAPITAL MANAGEMENT including:
Track SHAH CAPITAL MANAGEMENT's Full Portfolio
See every holding, quarter-over-quarter changes, sector allocation, and accumulation patterns for SHAH CAPITAL MANAGEMENT and 8,700+ other institutional investors.
Free tier includes full 13F search and fund profiles. Pro starts at $6.67/mo (billed annually).
AI-Powered Hedge Fund Analysis: SHAH CAPITAL MANAGEMENT
13F Pro is an AI hedge fund tracker and stock research platform. For SHAH CAPITAL MANAGEMENT (SEC CIK: 1383838), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in SHAH CAPITAL MANAGEMENT's portfolio is scored on a 32-signal AI quality ranking (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.