SHAH CAPITAL MANAGEMENT

All Holdings — 2026 Q1

AI Portfolio Summary
In 2026 Q1, SHAH CAPITAL MANAGEMENT maintained a portfolio of 12 distinct positions. They heavily accumulated shares in NOVAVAX INC, increasing their position by 2.0%. Conversely, SHAH CAPITAL MANAGEMENT completely exited their position in BAIDU INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
12
Quarter
2026 Q1
Top Holding
VEON (43.4%)
Top 10 Concentration
99.3%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-12 of 12
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
VEON
VEON LTD
Communication Services 43.44% 49.63% #1
Prev: #1
6.5 -4,755 -0.1%
P
S
4,890,497 $226,430,011 2006 Q4 13F Filing 2026-03-31 2026-04-24
NVAX
NOVAVAX INC
Healthcare 23.18% 18.87% #2
Prev: #2
6.0 286,317 2.0%
P
S
14,845,097 $120,839,090 2006 Q4 13F Filing 2026-03-31 2026-04-24
CYD
CHINA YUCHAI IN...
Consumer Cyclical 11.95% 11.27% #3
Prev: #3
5.5 -27,956 -1.7%
P
S
1,618,441 $62,309,979 2006 Q4 13F Filing 2026-03-31 2026-04-24
TROX
TRONOX HOLDINGS...
Basic Materials 5.61% 2.41% #4 3
Prev: #7
3.2 -5,846 -0.2%
P
S
2,994,154 $29,252,885 2006 Q4 13F Filing 2026-03-31 2026-04-24
VGSH
VANGUARD SCOTTS...
ETF 3.85% 4.03% #5
Prev: #5
2.5 -13,188 -3.7%
P
S
342,990 $20,078,635 2006 Q4 13F Filing 2026-03-31 2026-04-24
EDU
NEW ORIENTAL ED...
Consumer Defensive 3.30% 3.23% #6
Prev: #6
1.8 -791 -0.3%
P
S
303,953 $17,212,858 2006 Q4 13F Filing 2026-03-31 2026-04-24
AM
ANTERO MIDSTREA...
Energy 2.56% 2.01% #7 1
Prev: #8
2.0 no change no change
P
S
586,000 $13,360,800 2006 Q4 13F Filing 2026-03-31 2026-04-24
CSIQ
CANADIAN SOLAR ...
Technology 2.56% 4.45% #8 4
Prev: #4
1.5 -5,443 -0.6%
P
S
964,557 $13,359,114 2006 Q4 13F Filing 2026-03-31 2026-04-24
WOLF
WOLFSPEED INC
Technology 1.59% 0.11% #9 3
Prev: #12
3.6 475,454 1419.5%
P
S
508,948 $8,306,031 2006 Q4 13F Filing 2026-03-31 2026-04-24
DOLE
DOLE PLC
Consumer Defensive 1.26% 1.33% #10
Prev: #10
1.0 -2,999 -0.6%
P
S
458,522 $6,552,279 2006 Q4 13F Filing 2026-03-31 2026-04-24
GCI
USA TODAY CO IN...
Unknown 0.68% 1.79% #11 2
Prev: #9
0.3 -1,300,000 -72.2%
P
S
500,000 $3,525,000 2006 Q4 13F Filing 2026-03-31 2026-04-24
BIDU
BAIDU INC
Communication Services 0.00% 0.86%
Sold All 😨
(Was: #11)
0.0 -33,935 -100.0%
CLOSED
$— 2006 Q4 13F Filing 2026-03-31 2026-04-24
Showing 1-12 of 12 holdings

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