# SHAH CAPITAL MANAGEMENT: Form 13F holdings

An institutional investment manager in RALEIGH, NC. SEC CIK 1383838.

- Quarter ended: 2026-06-30
- Filed: 2026-08-14
- Reported value: $526.2m
- Positions: 9 (9 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1383838/000139834426014600/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [VEON LTD (VEON)](/companies/veon.md) | SPONSORED ADS | $243.7m | 46.3% | 4,667,578 |  | Reduced −222,919 |
| [NOVAVAX INC (NVAX)](/companies/nvax.md) | COM NEW | $133.4m | 25.4% | 14,165,577 |  | Reduced −679,520 |
| CHINA YUCHAI INTL LTD | COM | $63.6m | 12.1% | 1,341,057 |  | Reduced −277,384 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | $22.3m | 4.2% | 382,324 |  | Added +39,334 |
| TRONOX HOLDINGS PLC | SHS | $16.2m | 3.1% | 2,570,814 |  | Reduced −423,340 |
| [CANADIAN SOLAR INC (CSIQ)](/companies/csiq.md) | COM | $14.8m | 2.8% | 923,716 |  | Reduced −40,841 |
| [NEW ORIENTAL ED & TECHNOLOGY (EDU)](/companies/edu.md) | SPON ADR | $13.5m | 2.6% | 294,866 |  | Reduced −9,087 |
| [ANTERO MIDSTREAM CORP (AM)](/companies/am.md) | COM | $12.7m | 2.4% | 556,830 |  | Reduced −29,170 |
| DOLE PLC | ORD SHS | $6.0m | 1.1% | 440,826 |  | Reduced −17,696 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [USA TODAY CO INC (TDAY)](/companies/tday.md) | COM | $0 | 0.0% | 0 |  | Sold out −500,000 |
| [WOLFSPEED INC (WOLF)](/companies/wolf.md) | COMMON STOCK | $0 | 0.0% | 0 |  | Sold out −508,948 |

Source: SEC EDGAR, Form 13F-HR, accession 0001398344-26-014600. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.