Shah Capital Management
Shah Capital Management reported 11 stocks worth $605M in its 13F filing for Q3 2026, filed Oct 9, 2026. Its largest holdings are VEON (56.8%), NVAX (21.7%) and CYD (6.8%). Compared with Q2 2026, the fund opened new positions in ELTX and REAX, added to VGSH and TROX and trimmed VEON, NVAX and CYD.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  VEON Veon Ltd | $344M | 56.8% | 4.6M | −18K (−0%) | 8 of 8 | |
| 2 |  NVAX Novavax Inc | $132M | 21.7% | 12.2M | −2M (−14%) | 8 of 8 | |
| 3 |  CYD China Yuchai Intl Ltd | $41M | 6.8% | 1.3M | −21K (−2%) | 8 of 8 | |
| 4 |  VGSH Vanguard Scottsdale Fds | $32.3M | 5.3% | 562K | +179K (+47%) | 8 of 8 | |
| 5 |  EDU NEW ORIENTAL ED & TECHNOLOGY | $16.2M | 2.7% | 292K | −3,362 (−1%) | 8 of 8 | |
| 6 |  TROX Tronox Holdings PLC | $11.5M | 1.9% | 2.9M | +345K (+13%) | 5 of 8 | |
| 7 |  AM Antero Midstream Corp | $10.5M | 1.7% | 522K | −35K (−6%) | 8 of 8 | |
| 8 |  CSIQ Canadian Solar Inc | $10.5M | 1.7% | 910K | −14K (−2%) | 8 of 8 | |
| 9 |  DOLE Dole PLC | $5.4M | 0.9% | 427K | −14K (−3%) | 8 of 8 | |
| 10 |  ELTX Elicio Therapeutics Inc | $2.3M | 0.4% | 1.3M | New position | 1 of 8 |
Positions at Sep 30, 2026, as reported. Change is against the fund's Q2 2026 filing; weight is the share of the fund's reported stocks.
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q3 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Oct 9, 2026 | 13F-HR | Q3 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →Shah Capital Management 13F FAQ
What does Shah Capital Management own?
Shah Capital Management reported 11 stocks worth $605M in its 13F filing for Q3 2026, filed Oct 9, 2026. Its largest holdings are VEON (56.8%), NVAX (21.7%) and CYD (6.8%). The table above lists every position in the filing (the top 10 without an account).
What did Shah Capital Management buy and sell in Q3 2026?
Compared with Q2 2026: 2 new positions, 2 added to, 7 trimmed and 0 sold out. New positions include ELTX and REAX.
When will Shah Capital Management file its next 13F?
Holdings as of Dec 31, 2026 are due by Feb 15, 2027. The filing appears on this page within minutes of reaching the SEC.
How much is Shah Capital Management's portfolio worth?
The Q3 2026 filing reports $605M in US stocks. That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.