Shah Capital Management: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 1383838) · Explore on the interactive board
Shah Capital Management disclosed 9 US equity positions worth $526.2m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is VEON at 46.3% of the reported book, followed by NVAX, CHINA YUCHAI INTL LTD. The top ten holdings are 100.0% of the book, and the portfolio behaves like about 3 equal-weight positions. Versus the prior filing it opened 0 new positions, added to 1, reduced 8 and exited 2. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does Shah Capital Management own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 0 new, 1 added, 8 reduced, 2 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | VEON VEON LTD | Communication Services | 46.3% | $243.7m | 4,667,578 | -5% | reduced |
| 2 | NVAX NOVAVAX INC | Healthcare | 25.4% | $133.4m | 14,165,577 | -5% | reduced |
| 3 | CHINA YUCHAI INTL LTD | 12.1% | $63.6m | 1,341,057 | -17% | reduced | |
| 4 | VGSH VANGUARD SCOTTSDALE FDS | 4.2% | $22.3m | 382,324 | 11% | added | |
| 5 | TROX TRONOX HOLDINGS PLC | Basic Materials | 3.1% | $16.2m | 2,570,814 | -14% | reduced |
| 6 | CSIQ CANADIAN SOLAR INC | Technology | 2.8% | $14.8m | 923,716 | -4% | reduced |
| 7 | EDU NEW ORIENTAL ED & TECHNOLOGY | Consumer Defensive | 2.6% | $13.5m | 294,866 | -3% | reduced |
| 8 | AM ANTERO MIDSTREAM CORP | Energy | 2.4% | $12.7m | 556,830 | -5% | reduced |
| 9 | DOLE DOLE PLC | Consumer Defensive | 1.1% | $6.0m | 440,826 | -4% | reduced |
What did Shah Capital Management sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| WOLF WOLFSPEED INC | 70.2% | $8.3m |
| TDAY USA TODAY CO INC | 29.8% | $3.5m |
Sector mix
| Sector | Weight |
|---|---|
| Communication Services | 46.3% |
| Healthcare | 25.4% |
| Consumer Defensive | 3.7% |
| Basic Materials | 3.1% |
| Technology | 2.8% |
| Energy | 2.4% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Shah Capital Management's portfolio?
Across every quarter Shah Capital Management has filed, its median largest position is 44.9% of the book and its median top-ten weight is 99.7%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 2.0 completed holding spells, the median lasted 1.0 quarters; 9.0 positions are still open and their final length is unknown.