Shah Capital Management 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Shah Capital Management disclosed 14 US equity positions worth $514.0m in its Q2 2025 13F filing. The largest position was VEON at 44.1% of the reported book, followed by CHINA YUCHAI INTL LTD and NVAX. Against the Q1 2025 filing, it opened 0 new positions, added to 3 and reduced 4 among the top 14 holdings.
What did Shah Capital Management own in Q2 2025? Top 14 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | VEON VEON LTD | 44.1% | $226.6m | 4,918,757 | -0% | held | |
| 2 | CHINA YUCHAI INTL LTD | 15.1% | $77.8m | 3,255,185 | -2% | reduced | |
| 3 | NVAX NOVAVAX INC | Healthcare | 14.1% | $72.5m | 11,511,780 | 3% | added |
| 4 | VQKA EMEREN GROUP LTD | 6.8% | $35.2m | 18,818,236 | 0% | held | |
| 5 | VGSH VANGUARD SCOTTSDALE FDS | 4.3% | $22.0m | 373,988 | 0% | held | |
| 6 | CSIQ CANADIAN SOLAR INC | Technology | 4.0% | $20.8m | 1,880,885 | -1% | reduced |
| 7 | EDU NEW ORIENTAL ED & TECHNOLOGY | Consumer Defensive | 3.2% | $16.5m | 305,317 | -0% | held |
| 8 | AM ANTERO MIDSTREAM CORP | Energy | 2.2% | $11.1m | 586,000 | -23% | reduced |
| 9 | 0VVB PARAMOUNT GLOBAL | 2.0% | $10.2m | 790,173 | -41% | reduced | |
| 10 | TDAY GANNETT CO INC | Communication Services | 1.3% | $6.4m | 1,800,000 | 0% | held |
| 11 | VALARIS LTD | 1.0% | $5.1m | 120,506 | 0% | held | |
| 12 | DOLE DOLE PLC | Consumer Defensive | 0.7% | $3.8m | 271,232 | 0% | held |
| 13 | CHEER HLDG INC | 0.6% | $3.1m | 2,110,000 | 24% | added | |
| 14 | BIDU BAIDU INC | Communication Services | 0.6% | $2.9m | 33,935 | 144% | added |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.